Presentation on theme: "BRYSON BELL DANA COOK IAN WALROVEN PHILIP WINFIELD TYLER BUSCHMAN JORDAN JONES STEPHANIE LIGHT AUSTIN BASTIAN Appendix 2."— Presentation transcript:
BRYSON BELL DANA COOK IAN WALROVEN PHILIP WINFIELD TYLER BUSCHMAN JORDAN JONES STEPHANIE LIGHT AUSTIN BASTIAN Appendix 2
What is a Case? A Story What do you do with the information? Case analysis typically has six parts External analysis, internal analysis, strategic issues, strategic alternatives, recommendations, implementation
Executive Summary Company Vision/Mission A statement to reflect what the company stands for and strives towards Under Armour: ‘To make all athletes better through passion, science and the relentless pursuit of innovation’ Company Goals What the company strives to achieve internally and externally
Executive Summary Company Policies/Values Refers to the ethical, personal and cultural, economical values the company incorporates internally and externally when doing business Under Armour’s core values were founded on: innovation, inspiration, reliability and integrity Corporate and Competitive Strategies How the company plans on growing and progressing in the current and future market
External Analysis This section includes a description of opportunities and threats found in the specific and general external environmental sectors. Talks about the industry you are in and the competitive forces.
External Analysis Things to include: Competition Analysis- Porter’s 5 Forces (opportunities and threats) Rivalry Entrants Bargaining power of buyer Bargaining power of Supplier Substitute Products BOS: talks about this in chapter 3 Reconstructing Market Boundaries Examining your Red Ocean G2G: looks at this topic by referring to knowing who you are as a company and what you stand for to be successful
External Analysis General External Environment (opportunities and threats) Economic: what’s going on in the economy Demographic: are there new demographic changes that affect strategy Sociocultural: society affects trends Political-legal: new laws that affect business? Technology: new technological advances
External Analysis Boal's industry analysis questions address these issues “business and economic characteristics” Competitive forces Using all of these resources and using ideas from BOS about creating Blue Oceans, knowing your market and G2G knowledge of what companies should be doing to be great gives us a clear picture of all the things to think about when doing an external analysis
Internal Analysis The internal analysis section of a case analysis includes a description of the strengths and weaknesses found in an organization’s internal functional areas. SWOT analysis The internal analysis section should include an analysis of top management and board of directors. Once you have analyzed all of the internal areas, you should describe the specific strengths and weaknesses you see in each area and explain why you see them as strength or weaknesses
Internal Analysis Strengths/Weaknesses found in the functional areas within BLM Inc. Strategic managers strengths/weaknesses BLM’s strength: CEO is very hands on BLM’s weakness: CEO is very hands on Corporate structure strengths/weaknesses BLM’s strength: Organized into different product divisions BLM’s weakness: Company isn’t organized around geographic markets Corporate culture strengths/weaknesses BLM’s strength: Employees believe in the products, company is very people oriented, company emphasizes open communication BLM’s weaknesses: none found
Internal Analysis Strengths/Weaknesses found in the functional areas within BLM Inc. Production-operations strengths/weaknesses BLM’s strength: Most of the company’s production facilities are less than seven years old. BLM’s weakness: Company has a large number of suppliers Marketing strengths/weaknesses BLM’s strength: Company logo, repeat customers BLM’s weakness: Target market is narrow, Global marketing has not been effective
Internal Analysis Strengths/Weaknesses found in the functional areas within BLM Inc. R&D strengths/weaknesses BLM’s strength: Current expansion of R&D facility BLM’s weakness: No global R&D facility Human resources management strengths/weaknesses BLM’s strengths: Educational benefits offered to employees BLM’s weakness: Assembly work on custom ordered motorcycles is précis and demanding Information systems strengths/weaknesses BLM’s strength: Numerous forms of communication with employees and customers BLM’s weakness: Web site is only in English
Internal Analysis The final part of an internal analysis for a case analysis is a four part financial analysis 1) Ratio analysis and comparison to industry/company trends 2) Graphs and charts outlining sales, profits, and any other important financial measures 3) listing and explanation of a company’s financial strengths and weaknesses 4) a statement of the companies financial condition (i.e. weak, fair, strong)
Strategic Issues Example Big Loud Motorcycles Target market is very narrow Missing significant marketing opportunities
Strategic Issues for Underarmour Narrow Market compared to competition Implementation issues for new product lines Need to expand their brand to appeal to more people
Strategic Alternatives Address the strategic issues Propose at least two alternatives to address each issue Describe what, how, who, when, and where of each alternative
Under Armour Strategic Alternatives Blue Ocean Strategy Looking at noncustomers through three tiers Develop and target products towards females Good to Great Technology accelerators HeatGear has anti-odor technology helps prevent the growth of odor causing microbes
Under Armour Strategic Alternatives Strategic Issue: Men’s apparel line is more successful than the women’s. Missing out on a big opportunity since roughly half of the population is female. Strategic Alternative: What:Design and develop products for females and target through advertising aimed at females. How:Find out what women want to wear and see through current customers, surveys, and focus groups. Who:Marketing research department will be responsible for collecting information, pursuing, and developing a plan. When:Start immediately to take advantage of the opportunity. Where:Alternative will be done in U.S. market and involve input from headquarters in Baltimore.
Recommendations After you’ve developed your strategic alternatives… Time to make some choices. Which alternatives are you choosing? Why? Which alternatives are you rejecting? Why?
Recommendations Choose the best alternative Note: You can choose as many of your alternatives to “resolve” your issue as you want, as long as they’re not mutually exclusive. Explain how your chosen alternative(s) will resolve the strategic issue.
Implementation Disadvantage of case analysis: can’t put your proposed ideas into action To overcome this, your case analysis should provide a description of what changes would have to take place if your chosen strategies were implemented
3 Ways to Approach Implementation Describing proposed changes in organizational structure The proposed changes in organizational culture Source of funding for implementing the chosen strategies Case Study: BLM
Ch. 8 Blue Ocean Strategy: Build Execution into Strategy All members of the organization need to be aligned around a strategy and support it Overcome organizational hurdles Create a culture of trust and commitment
Ch. 8 Good to Great: A Culture of Discipline The main points of this chapter: Build a culture full of people who take disciplined action within the three circles Consistent with the Hedgehog Concept BLM case study Under Armour