Final answer:
Garmin executives must navigate technological innovation, market trends, and competitive dynamics to maintain their global market leadership. They should invest in R&D, analyze global markets, form partnerships, expand into new markets, and effectively manage talent to cope with these challenges.
Step-by-step explanation:
Planning challenges that Garmin executives face include staying ahead of technological advancements, adapting to market trends, and maintaining their position as a global market leader. To cope with these challenges, Garmin executives must invest in continuous research and development to innovate their product offerings. They should also analyze global market dynamics to anticipate and adapt to emerging consumer needs and competitor strategies. Moreover, building strong partnerships and expanding into new markets can help them to sustain their competitive edge. Effective talent management to attract and retain top professionals is another strategic approach to ensuring the company's growth and market leadership remains robust.