Posted by Sabrina Warren on May-02-2023
This case study presents a detailed strategic analysis of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident. The case analysis covers key managerial and strategic issues that A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is currently facing due to challenging internal and external environments. The case solution first conducts the strategic analysis by applying the relevant strategic management tools and frameworks, and then presents strategic recommendations based on overall analysis (Hamilton and Webster, 2018).
The case offers a holistic view of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident business environment. Case findings are relevant for all key stakeholders of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident. Reader should first read the case on A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident, and then read the analysis.
The external business environment comprises political, economic, social, technological, legal and environmental factors that influence the strategic positioning of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident (Khalid and Rahman, 2019).
Here are key external environment characteristics:
External environmental forces are dynamic and uncontrollable
External environment can directly influence the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident strategic positioning
External environment requires continuous monitoring to timely identify the potential threats and opportunities (Shtal et al. 2018).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident must carefully examine the potential impact of global political unrest on its business operations
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should actively monitor, and respond to the changes to legislation
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should analyze how taxation policies can influence its profitability in different countries where the company is currently present (Khalid and Rahman, 2019).
Rising GDP and growing consumer spending can help A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident in business expansion
Increasing interest rates can increase the debt cost for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident.
Reducing inflation can decrease the production cost of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident and increase profitability by driving up the sales revenue (Begley et al. 2005).
The aging population can affect the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident brand positioning, as A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident currently targets young people.
Growing preferences for luxury items, and improving lifestyles can create more demand for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident premium-priced products (Perera, 2017).
Government is granting more technology incentives to fuel the innovation. It can help A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident achieve its innovation objectives.
Emerging automation trends require A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to revisit its business model, and enhance process efficiency.
Improving technological infrastructure can enable A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to resolve its supply chain inefficiencies (Shtal et al. 2018).
The stringent environmental regulations require A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to ensure strict compliance with environmental standards.
Consumers’ growing environmental consciousness provides an opportunity to A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to launch more green, environment-friendly products.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should incorporate environmental thinking in its strategic decision-making process to position itself as a socially responsible organization (Moser, 2015).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should take strict measures to avoid discrimination at the workplace.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident must abide by the consumer data privacy laws to avoid reputation-damaging lawsuits
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident must also ensure strict implementation of workplace safety standards to comply with the health and safety regulations (Khalid and Rahman, 2019).
The growing number of suppliers is weakening their bargaining power against A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident (Dobbs, 2014).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a wide supplier network, which strengthens its negotiation ability.
Low product differentiation further reduces the supplier bargaining power, as A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can easily switch to suppliers that offer better terms and conditions (Dobbs, 2014).
Overall, the bargaining power of suppliers for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is low.
There are a small number of buyers that buy in large quantities. It enhances their bargaining power against A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident (Cho et al. 2019).
Buyers are price insensitive, and cannot easily switch to other companies due to economic and psychological switching costs. It reduces their bargaining power against A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident.
High product differentiation further discourages the buyers from switching to competitors (Dobbs, 2014).
Overall, the bargaining power of buyers is moderate-to-low for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident.
High entry barriers make it difficult for new entrants to enter in the market
The high initial capital expenditure also erects an entry barrier for new firms
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a loyal customer base, which further reduces the risk of customers switching to new entrants (Grundy, 2006).
Overall, threat of new entrants for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is low.
The emerging innovative technologies are increasing the threat of substitutes for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident
Growing threat of substitutes is compelling A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to continuously improve product quality (Bruijl and Gerard, 2018).
Changing consumer demographics and their growing tech-savvy nature is further increasing the substitute threat for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident
However, the brand loyalty increases the psychological switching costs, which somehow reduces the substitute threat (Dobbs, 2014).
Overall, the substitute threat for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is moderate to high.
The competition among existing market players is intense
The market is mature, and is approaching saturation point, which further intensifies the industry rivalry
However, high-quality differences and brand loyalty deters the customers from switching to competitors (Dobbs, 2014).
Overall, the industry rivalry is moderate to high, which makes the business environment challenging for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident.
Up till now, the case study presented a holistic environmental and industry-level analysis. This section now presents the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident level analysis by applying relevant tools and frameworks.
SWOT is a strategic management framework that helps A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident in understanding its core strengths and weaknesses. Framework also identifies opportunities and threats that reside in A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident’s external business environment (Helms and Nixon, 2010).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident holds a market leadership position, and has highest market share.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has high customer loyalty, which makes it difficult for competitors to attract its customers.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has strong financial health, which allows the company to spend heavily on R&D, and fuel the innovation (Sarsby, 2016).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has successfully positioned itself as a responsible corporate citizen.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a wide supplier and distribution network, which helps in the business expansion (Valentin, 2001).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident currently has a high employee turnover rate.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is facing supply chain inefficiencies, which are lowering the organizational productivity (Madsen, 2016).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is unable to quickly resolve the customer complaints, which causes customer dissatisfaction (Helms and Nixon, 2010).
The hierarchal structure of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident causes resistance to change.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can invest on emerging automation and artificial intelligence technologies to improve the process efficiency
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can accelerate the green product development, and invest on green marketing efforts to capture the attention of environment-conscious customers (Solaiman et al. 2015).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can invest on an online influence marketing strategy to expand the reach to a young population
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can find strategic partners around the globe to achieve its expansion objectives (Sarsby, 2016).
The growing industry competition among existing players and thinning profit margins has become a major threat for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident
Global political unrest can negatively affect the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident performance at the international stage
The expanding grey market and the influx of replica goods can negatively affect the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident revenue (Davidson et al. 2019).
Aging population can threaten the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident survival that, primarily focuses on young customers
After presenting the SWOT analysis, the next framework analyzing the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident’s marketing mix strategies.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident offers a wide product variety that meets the needs of diverse customers
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has consistently maintained high product quality to justify premium prices
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident invests heavily on the quality improvement and management to meet the customers’ product quality expectations (Singh, 2012).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident invests on innovative marketing and communication strategies to set a clear product positioning, and communicate how its products are different from competitors.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident offers warranties and after-sale services that enhances the overall customer experience (Ferrell et al. 2021).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident adopts a premium pricing strategy, which is aligned with the company’s premium brand image.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident avoids offering price discounts to maintain brand exclusivity (Baines et al. 2017).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident does not charge any hidden prices, and has integrated transparency in its pricing model
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident also offers value-added elements, and adopts a bundle pricing strategy to boost the sales (Giri et al. 2020).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident offers credit payment options for the customer convenience.
Key factors that A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident considers while setting the prices include- brand image, customers’ expectations and purchase capacity, and on-going competition.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident adopts a selective distribution strategy to reach the target market
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident chooses distributors who are located in urban areas, and can preserve the premium brand image
Currently, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a distribution network that is spread in more than 50 countries
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has adopted Omni-channel strategy, and sells its products through multiple online and offline channels, including- official outlets, authorized distributors, the company website and mobile application (Palmatier et al. 2016).
Well-integrated Omni-channel strategy offers a seamless experience to the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident customers.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident avoids offering promotional discounts to preserve the brand exclusivity.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident invests heavily on the celebrity endorsement strategies to promote the brand among the target market.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident also have a strong social media presence, and specifically focuses on the online influencer marketing strategy to create brand awareness (Varadarajan et al. 2010).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident uses both- online and offline marketing and communication channels to promote the brand.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident’s promotional strategy is well-aligned with other marketing mix components to develop a clear brand positioning (Palmatier et al. 2016).
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a wide distribution network that is spread across the globe.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has extensive research and development capabilities that fuel the innovation process.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident offers a seamless customer experience through a well-integrated marketing mix.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has strong financial health, and free cash flow that it can invest on innovative projects.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a strong presence over social media that drives the customer engagement, and increases the company’s reach to the target market.
The A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has successfully attracted and retained highly skilled staff that drives the overall organizational productivity, and helps the company in achieving its innovation objectives (Cardeal and Antonio, 2012).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has built strong relationships with suppliers that enable the company to achieve production objectives even when there is a material shortage in the market
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has access to the rare and hard-to-reach raw material that is used to produce top-quality products (Cardeal and Antonio, 2012).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has successfully developed a strong brand reputation that keeps customers hooked with the brand
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident shares a strong emotional connection with its customers, which increases the psychological switching costs for them (Hernández and Garcia, 2018).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has developed its image as an environment-friendly, sustainable, and responsible brand that takes care of all stakeholders.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has developed an in-depth knowledge of customers’ intrinsic motivational needs, and has developed its brand image in a way that shares close relatedness with customers’ desired self-image (Liu et al. 2012).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has secured exclusive agreements with the suppliers to get access to unique raw materials. The exclusive agreement makes this resource inimitable for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has strong transformational and charismatic top leadership that has always successfully led the organization through a crisis (Nusari et al. 2018).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has developed a robust organizational culture that promotes cohesion, and strengthens the employees’ affective commitment with the organization.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has secured the access to human capital (skills and expertise) that is needed to exploit the above-mentioned resources.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has a well-developed technical infrastructure that supports the business operations, and fuels the innovation process.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has built extensive expertise, and gained years of experience that helps the company in leveraging its core strengths to exploit the available opportunities.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has built strategic partnerships that help the company in pooling the resources together to gain a strong competitive edge over rivals (Cardeal and Antonio, 2012).
The core products of the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident fall in the star category. A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has secured market leadership in these categories
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident’s market share in these product categories is growing due to high market growth potential
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should pay specific attention to these product categories, and should try to preserve the market share
The intensifying competition imposes a threat to the A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident’s market leadership in the ‘Star’ category
Overall, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should increase investment on the star category to maintain leadership in the growing market (Mohajan, 2017).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has several product categories in which the firm has attained the market leadership position.
However, the market growth in these product categories has become slowed with time, as the market has become mature.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should ‘milk’ these product categories as they are an important source of cash flow.
However, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should avoid increasing investment due to slowed market growth, and should bring innovation to keep adding new features.
Overall, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should aim to maintain the current market position, but avoid increasing the investment due to slow market growth (Kader and Hossain, 2020).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has some product categories that are in a growing market segment. Despite high market growth, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is unable to increase the market share in these segments.
The products under this category have the potential to become stars, as they operate in a high-growth market.
But, extensive investment is needed to understand the reasons behind the low market share, and it can affect the cash flow of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident.
Therefore, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident needs to evaluate if it is feasible to increase the investment to drive the market share, or it is wise to divest from this market segment (Mohajan, 2017).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has one product that operates in a market with low growth potential
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident has only a marginal share in this market.
As growth in this market is stagnant, and market share is also marginal, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident may consider divesting from this market segment.
It will be unwise to invest in this segment, as this product has turned into ‘dog’, which means the product is aged and waning.
Here, two options are available to A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident:
o First, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident may entirely refresh the dying product.
o Alternatively, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident may divest this product from the portfolio.
Considering the current business environment, and competitive dynamics, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident is recommended to get rid of this product by taking divestment decisions (Torquati et al. 2018).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident aims to expand its business operations to strengthen the competitive positioning in the market. Ansoff matrix here can help A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident in taking the right business expansion decision.
Four business expansion strategies available to A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident are- market penetration, market expansion, product development, and diversification (Loredana, 2016).
Choosing the right expansion strategy is important for A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to achieve its expansion objectives.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can penetrate into existing markets by expanding the market reach. This strategy is recommended when the market has high growth potential.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can expand the market reach by increasing the customer loyalty, and encouraging them to increase the spending.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can use the influencer marketing strategy as a tool to create e-WOM. It will create brand awareness, spread the brand message, and enable A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to penetrate deeper into the market.
Some other ways through which A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can penetrate into the market is- to increase the marketing and promotional budget, making price adjustments, and improving the product quality to gain a larger share from the existing market (Shaw, 2012).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can find new geographic markets to launch its existing products
Another way to pursue this expansion strategy is through celebrity endorsements. Celebrities can help A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident in finding new customers for existing products
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can also consider adding new product dimensions, or revising the packaging to reach new consumer markets.
Another way to pursue this expansion strategy is by exploring new distribution channels. A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can strengthen its presence on e-commerce, and open multiple online sales channels to reach new customer markets (Hussain et al. 2013).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can also charge two different prices to expand the reach from high-end to middle-class customers.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can expand its business operations by pursuing a product development strategy.
Instead of adopting a reactive attitude by coping with the competitors, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident must proactively behave while launching new products. Some possible proactive product development strategies are discussed below.
To pursue a proactive product development strategy, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident may increase investment on research and development activities to bring the product innovation.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident may also invest on the market research to identify and respond to the unmet customer needs (Katsikeas et al. 2016).
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident may consider strategic alliance and partnership options to launch new products. It will enable the company to pool the resources and capabilities together, and share risks while launching new products.
Acquisition of smaller firms can also enable A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to successfully launch new products in the comparatively shorter time span.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can adopt the diversification strategy to reach new markets through new products.
A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can pursue either a related or unrelated diversification strategy.
The related diversification strategy requires A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to enter in similar markets. But, unrelated diversification requires A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to find entirely new markets (Dhir and Dhir, 2015).
Unrelated diversification is riskier, and can affect the brand image. So, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident should pursue a related diversification strategy.
By pursuing related diversification, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can horizontally and vertically add new product lines
Through successful diversification, A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident can increase its profitability, and generate more revenue from the new products and new market segments (Loredana, 2016).
The in-depth strategic analysis of A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident reveals some interesting insights. A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident currently holds strong competitive positioning. However, the challenging business environment and intensifying competition require A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident to adopt a proactive behavior. A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident needs to continuously assess its external and internal business environment to timely identify the potential threats and opportunities. Here, the application of relevant strategic management tools and frameworks can help A Family s Tragedy - Leaked Pictures of a Teen s Fatal Accident in making wise business decisions. The key to success in a such challenging and complex business environment is- to proactively respond to the external environment by leveraging core strengths, and overcoming the weaknesses.
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