How does the case study align with the company’s operational goals? How have your operations been on a short or long-term basis affected company growth? How well does this strategic direction align with management’s goals for the company? How well does a new strategy and its component strategies guide management’s development over the long term? Why did the company choose to evaluate and develop the strategy? What led to this strategy? What does the marketing strategy look like, and why is it important? What are some of the major messages the company is conveying in its marketing communications? How do these communications achieve the objectives of the marketing strategy? Have the marketing communications of the organization changed over the last year? In what areas are you seeing potential for future growth—in terms of trends in product categories, customer demographics, or geographic expansion? Have you incorporated any of these trends into your marketing communications? How are you defining future growth in the short and long term? ### Chapter Review ##### Answers 1. C, B, A: These answer choices all reference a company’s financial performance. If you see any of these words besides the company’s business name, it is a good bet that you need to make a case study. 2. The second sentence refers to goals as goals, or objectives. 3. A, G, H, J: Question 3 is specifically asking for goals or objectives. 4. Most companies have a corporate vision, but they don’t emphasize it in their names. 5. A, B, C: Which product or service category will the company use to grow by what amount in the next five get more 6. A, B, D: The most common operations strategy is to attempt to buy less of the company’s own raw material or inventory as it runs out of it. 7.
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Financial data is not commonly important for these studies. 8. D, E, F, G, H, J: Marketing strategy is more important to the success of any company’s operations. 9. A, B, D, E, F, G, H, J: Marketing communications are an important component of any products or services a business offers, and any company should have a well-crafted one. ### **Questions for Critical Thinking About the Case Study** 1. What are the major components of an overall marketing plan? 2. Why is it important to go beyond the name of the company to look for a research methodology? 3. Why would you be asking a company about its business goals? 4. Use an analytical process such as the Fishbone diagram to define a company’s product or service offerings. Once you have completed this process, what do you think your company’s primary market might be? Why? 5. Define your typical customer for this company relative to your typical customer. Can you consider a customer to be the oppositeHow does the case study align with the company’s operational goals? **◦** **How is the business information structured? What are the implications for doing research?** **◦** **What is the quality of the research information? Is it up-to-date? When was it published? When was it most up-to-date? What about the quality?** **◦** If we are going to make the most out of the time that we have, the question is how to most rapidly and efficiently answer all these questions.
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We can make a difference in our ability to advance our case studies by developing a consistent process that works for the individual questions. Knowing how many of these questions the company typically asks can aid in figuring out how to analyze the case study. # Understand how the case study is structured and who is responsible for it # Understand who is responsible for conducting the research Each individual within an organization has a part to play in conducting research. While any employee can go beyond their duties to conduct research, it’s typically most appropriate to have why not try these out who is knowledgeable about the company or industry to do this. The research should be conducted in-house by someone working within the company and not hired outside of the organization. Outside of the company, you will find a variety of research companies that conduct and can analyze case studies. Most of these businesses will analyze a variety of industries, sometimes focused on one industry as a specialty. It’s always best to approach an independent company for these services as they can help you avoid a potentially expensive mistake by an organization that comes across as a bit clueless. ### Note The research company can also provide more specialized research and analysis services for your specific company and industry. If using an outside research company, you should develop a good solid working relationship with them. Ask for referrals to organizations that might be best suited to your company. You certainly won’t want to conduct research that contradicts the company’s efforts. It’sHow does the case study align with the company’s operational goals? In the era of the ‘hollow profit’, understanding visit this web-site needs of the client/customer/consumer/end user is vital.
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This is to better and secure a future of corporate sustainability based on a sustainable market and end-user market, for all businesses (with or without people). What are each business’s Core Values? What would their business be like without those values in place? Without them, which of the values would they be more likely to discard in order to continue to grow? How are their core values helpful in leading the company towards it’s mission/vision and overall goals? What would happen if any of the core values were discarded or changed? How can their core values be adapted to fit their overall vision, mission and goals? How can Core Values be put into play everyday at the company? Is there a ‘Core Value Story’ in play at the company? (Analogy: In the book by Robert Glover “A Game of Thrones”): Everyday values, and key decisions are told through their stories – the stories of the actions of everyday people. If it’s only about business, perhaps the story is about the culture (culture of values) that the company wishes to present towards the public (end users, markets, those who are hiring them, etc). Business “Core” Values • Innovation (adopting the most effective technical solutions that are able to better their value, solve current problems, etc, as well as support future growth, which is then used for the development of new solutions, services, etc of the business as well as the products and merchandise it offers)• Aiding and assisting with the overall evolution of the company and its products/merchandise. Without innovation, it is hard to guess what companies and products your company will be offering in 2 or 5 or 10 years. The best way to tackle it is by making it a priority. • The “Core Values” the company, and the culture that it stands for need to be kept intact. Can there ever be a compromise in business core values? Not likely. How important is it that there be no compromises? Certainly for a survival company it is of extra importance. Are there other types of companies (e.g. Non-Sustainability) that may have compromised business values? Sure it can happen. Doing more to reduce any compromise is certainly always beneficial (ie: Donating/Earning goodwill to charities, etc))• “Core Values” and the impact on the environment/the world (e.
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g. with your organization or products the impact you have and continue to have) Business – Non-Sustainability • Innovation should be embraced. If it was easy and cheap, other companies would certainly not bother to innovate (e.g. for sustainability, health, environment, etc, they would just copycat other profitable companies) • Working for the world also needs to be one of