Zomeworks Corporation: Design Driven Innovation

Zomeworks Corporation: Design Driven Innovation Description

Zomeworks, a small-sized designer-manufacturer of passive solar energy products, is considering launching a new freeze-tolerant passive thermosiphon solar water heater. The firm's target market analysis is based only on consumer economics. How can the firm design the product and select a target market in ways that implement a corporate strategy and a branding strategy? Should the product be targeted only at consumers living off the natural gas line in the United States, or should it also target green/"ethical" consumers, industrial users and emerging markets? Is Zomeworks the best firm to commercialize the product, or should it license out or spin off the product? The firm also has a successful battery enclosure product. Should it spin it off in order to mass produce it? Author Yogros D. Marinkas is affiliated with UCLA Anderson School of Management.

Case Description Zomeworks Corporation: Design Driven Innovation

Strategic Managment Tools Used in Case Study Analysis of Zomeworks Corporation: Design Driven Innovation

STEP 1. Problem Identification in Zomeworks Corporation: Design Driven Innovation case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of Zomeworks Corporation: Design Driven Innovation case study

STEP 3. Industry Specific / Porter Five Forces Analysis of Zomeworks Corporation: Design Driven Innovation case study

STEP 4. Evaluating Alternatives / SWOT Analysis of Zomeworks Corporation: Design Driven Innovation case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis Zomeworks Corporation: Design Driven Innovation case study

STEP 6. Recommendations Zomeworks Corporation: Design Driven Innovation case study

STEP 7. Basis of Recommendations for Zomeworks Corporation: Design Driven Innovation case study

Case Analysis of Zomeworks Corporation: Design Driven Innovation

Zomeworks Corporation: Design Driven Innovation is a Harvard Business (HBR) Case Study on Strategy & Execution , 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. Zomeworks Corporation: Design Driven Innovation 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. Zomeworks Corporation: Design Driven Innovation case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Zomeworks Corporation: Design Driven Innovation will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

Zomeworks Corporation: Design Driven Innovation 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 Strategy & Execution, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of Zomeworks Corporation: Design Driven Innovation, 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 Zomeworks Corporation: Design Driven Innovation 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 Strategy & Execution Solutions

In the Texas Business School, Zomeworks Corporation: Design Driven Innovation 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 – Zomeworks Corporation: Design Driven Innovation

Step 1 – Problem Identification of Zomeworks Corporation: Design Driven Innovation - Harvard Business School Case Study

The first step to solve HBR Zomeworks Corporation: Design Driven Innovation 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 Zomeworks Passive is facing right now. Even though the problem statement is essentially – “Strategy & Execution” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Zomeworks Passive, 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 Zomeworks Corporation: Design Driven Innovation.

The external environment analysis of Zomeworks Corporation: Design Driven Innovation 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 Zomeworks Corporation: Design Driven Innovation case study. PESTEL analysis of " Zomeworks Corporation: Design Driven Innovation" 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 Zomeworks Corporation: Design Driven Innovation macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for Zomeworks Corporation: Design Driven Innovation

To do comprehensive PESTEL analysis of case study – Zomeworks Corporation: Design Driven Innovation , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact Zomeworks Corporation: Design Driven Innovation

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 Zomeworks Corporation: Design Driven Innovation

Government policies have significant impact on the business environment of any country. The firm in “ Zomeworks Corporation: Design Driven Innovation ” 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 Zomeworks Passive is operating, firms are required to store customer data within the premises of the country. Zomeworks Passive 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. Zomeworks Corporation: Design Driven Innovation has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Zomeworks Passive in case study Zomeworks Corporation: Design Driven Innovation" 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. Zomeworks Passive in case study “ Zomeworks Corporation: Design Driven Innovation ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Zomeworks Passive in case study “ Zomeworks Corporation: Design Driven Innovation ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on Zomeworks Corporation: Design Driven Innovation

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 “ Zomeworks Corporation: Design Driven Innovation ” 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 Zomeworks Passive can compete against other competitors.

Government Scheme & Subsidies Impact on Zomeworks Corporation: Design Driven Innovation

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 Zomeworks Corporation: Design Driven Innovation 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 Zomeworks Corporation: Design Driven Innovation

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 – Zomeworks Passive 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 Zomeworks Corporation: Design Driven Innovation

Social Factors that Impact Zomeworks Corporation: Design Driven Innovation

Technological Factors that Impact Zomeworks Corporation: Design Driven Innovation

Environmental Factors that Impact Zomeworks Corporation: Design Driven Innovation

Legal Factors that Impact Zomeworks Corporation: Design Driven Innovation

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 Zomeworks Corporation: Design Driven Innovation case study. PESTEL analysis of " Zomeworks Corporation: Design Driven Innovation" 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.

Step 4 – SWOT Analysis / Internal Environment Analysis

Step 5 – Porter Value Chain / VRIO / VRIN Analysis

Step 6 – Evaluating Alternatives & Recommendations

Step 7 – Basis for Recommendations

References :: Zomeworks Corporation: Design Driven Innovation case study solution