By-the-Sea Biscuit Company: A Decision in New Venture Analysis Description
Paul Finney and Pat Jobe, long-time friends and future business partners, are proposing the establishment of a frozen biscuit manufacturing operation in the now defunct Clearwater Seafood plant in North Sydney, Nova Scotia. Cape Breton Innovation and Research Council (CBIRC), a private corporation, had recently assumed ownership of the plant and wanted to expand and develop local business by creating an incubator within the facility. Finney and Jobe presented a business proposal to CBIRC in August 2006 and the organization was very excited and believed the idea had promise. Finney and Jobe, although convinced of the merits of the product concept, still had some questions that needed answering before they could make a final assessment on the feasibility of the business. Both were employed full-time and the decision to leave their jobs to pursue this business was not a decision that could be made lightly. The case includes detail on the market structure and demand within the bakery/frozen dough industry. Additionally, the proposed marketing mix, selected target markets, and production/operation plans are covered in depth. Finney and Jobe now need to sift through the information and make a decision on the market size and sales potential for By-the-Sea Biscuit Company. The immediate task facing Finney and Jobe is to determine the sales potential for By-the-Sea Biscuit Company. Based on the projected sales and expenses, the partners must also make an assessment on the feasibility of the business.
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Case Analysis of By-the-Sea Biscuit Company: A Decision in New Venture Analysis
By-the-Sea Biscuit Company: A Decision in New Venture Analysis is a Harvard Business (HBR) Case Study on Sales & Marketing , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. By-the-Sea Biscuit Company: A Decision in New Venture Analysis is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. By-the-Sea Biscuit Company: A Decision in New Venture Analysis will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
By-the-Sea Biscuit Company: A Decision in New Venture Analysis
case study solution
is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Sales & Marketing, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of By-the-Sea Biscuit Company: A Decision in New Venture Analysis, is to not only build a competitive position of the organization but also to sustain it over a period of time.
Strategic Management Tools Used in Case Study Solution
The By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
Texas Business School Approach to Sales & Marketing Solutions
In the Texas Business School, By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Step 1 – Problem Identification of By-the-Sea Biscuit Company: A Decision in New Venture Analysis - Harvard Business School Case Study
The first step to solve HBR By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Finney Jobe is facing right now. Even though the problem statement is essentially – “Sales & Marketing” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Finney Jobe, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.
Step 2 – External Environment Analysis
Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the By-the-Sea Biscuit Company: A Decision in New Venture Analysis.
The external environment analysis of By-the-Sea Biscuit Company: A Decision in New Venture Analysis will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.
What is PESTEL Analysis? Briefly Explained
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study. PESTEL analysis of " By-the-Sea Biscuit Company: A Decision in New Venture Analysis" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?
As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with By-the-Sea Biscuit Company: A Decision in New Venture Analysis macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for By-the-Sea Biscuit Company: A Decision in New Venture Analysis
To do comprehensive PESTEL analysis of case study – By-the-Sea Biscuit Company: A Decision in New Venture Analysis , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.
Policy Making Impact on By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Government policies have significant impact on the business environment of any country. The firm in “ By-the-Sea Biscuit Company: A Decision in New Venture Analysis ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.
Data safety laws – The countries in which Finney Jobe is operating, firms are required to store customer data within the premises of the country. Finney Jobe needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.
Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. By-the-Sea Biscuit Company: A Decision in New Venture Analysis has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Finney Jobe in case study By-the-Sea Biscuit Company: A Decision in New Venture Analysis" should look into the import restrictions that may be present in the prospective market.
Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Finney Jobe in case study “ By-the-Sea Biscuit Company: A Decision in New Venture Analysis ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Finney Jobe in case study “ By-the-Sea Biscuit Company: A Decision in New Venture Analysis ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.
Tariffs – Chekout how much tariffs the firm needs to pay in the “ By-the-Sea Biscuit Company: A Decision in New Venture Analysis ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Finney Jobe can compete against other competitors.
Government Scheme & Subsidies Impact on By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study have to assess whether their business can benefit from such government assistance and subsidies.
Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.
Political System & Stability, and its Impact on By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.
Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.
Corruption level – Finney Jobe needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.
Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.
Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.
Economic Factors that Impact By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Social Factors that Impact By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Technological Factors that Impact By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Environmental Factors that Impact By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Legal Factors that Impact By-the-Sea Biscuit Company: A Decision in New Venture Analysis
Step 3 – Industry Specific Analysis
What is Porter Five Forces Analysis
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in By-the-Sea Biscuit Company: A Decision in New Venture Analysis case study. PESTEL analysis of " By-the-Sea Biscuit Company: A Decision in New Venture Analysis" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
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