predictive analytics texas business school

Predictive Analytics

Marketing

Strategy



Case Study Solution | Assignment Help | Case Help

NASCAR: Every Second Counts - Helping Win from the Pits Description

In 2006 Andy Papathanassiou was faced with a new dilemma. After 15 years of working within the racing world of NASCAR, as athletic director for HMS, he was searching for the next breakthrough to improve pit crew performance. Earlier in his career, he had successfully halved pit times and changed standards across the racing industry by introducing athletic training and transforming pit crew members into pit athletes. In doing so, Papa created a legacy in motorsports and transformed auto racing. Papa's instinct was that within the matching process of assigning pit positions existed an opportunity that would improve performance. Papa was looking for ways to elevate the system dynamic whether it be "man or the machine." The next breakthrough would most likely be less dramatic than the first, though no less important. Fractions of a second could determine whether a race was won or lost. Other contributing factors were the continued evolution of racing, new automotive technologies and NASCAR's regular changing of the rules to keep the playing field level. Learning objectives: To illustrate operational process improvement methods, like lean, and open innovative techniques that can lead to improved performance and productivity in time-based competition. The case uses the concept and illustration of knowledge brokering techniques - using old ideas to find new answers and solutions for problems and how this can be applied to improve performance. It is a platform for considering improvement approaches in interconnected time-based production or service systems. The case also questions what will be the next breakthrough in performance and promotes discussion as to whether it will be a human or technological element.


Case Description NASCAR: Every Second Counts - Helping Win from the Pits

Strategic Managment Tools Used in Case Study Analysis of NASCAR: Every Second Counts - Helping Win from the Pits

STEP 1. Problem Identification in NASCAR: Every Second Counts - Helping Win from the Pits case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of NASCAR: Every Second Counts - Helping Win from the Pits case study

STEP 3. Industry Specific / Porter Five Forces Analysis of NASCAR: Every Second Counts - Helping Win from the Pits case study

STEP 4. Evaluating Alternatives / SWOT Analysis of NASCAR: Every Second Counts - Helping Win from the Pits case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis NASCAR: Every Second Counts - Helping Win from the Pits case study

STEP 6. Recommendations NASCAR: Every Second Counts - Helping Win from the Pits case study

STEP 7. Basis of Recommendations for NASCAR: Every Second Counts - Helping Win from the Pits case study

QUALITY & ON TIME DELIVERY

100% money back guarantee if the quality doesn't match the promise

100% Plagiarism Free

If the work we produce contain plagiarism then we payback 1000 USD

Paypal Secure

All your payments are secure with Paypal security.


300 Words per Page

We provide 300 words per page unlike competitors' 250 or 275

Freebies

Free Title Page, Citation Page, References, Exhibits, Revision, Charts

Case study solutions are career defining. Order your custom solution now.

Case Analysis of NASCAR: Every Second Counts - Helping Win from the Pits

NASCAR: Every Second Counts - Helping Win from the Pits is a Harvard Business (HBR) Case Study on Technology & Operations , 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. NASCAR: Every Second Counts - Helping Win from the Pits 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. NASCAR: Every Second Counts - Helping Win from the Pits case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. NASCAR: Every Second Counts - Helping Win from the Pits will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

NASCAR: Every Second Counts - Helping Win from the Pits 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 Technology & Operations, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of NASCAR: Every Second Counts - Helping Win from the Pits, 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 NASCAR: Every Second Counts - Helping Win from the Pits 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 Technology & Operations Solutions

In the Texas Business School, NASCAR: Every Second Counts - Helping Win from the Pits 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 – NASCAR: Every Second Counts - Helping Win from the Pits

Step 1 – Problem Identification of NASCAR: Every Second Counts - Helping Win from the Pits - Harvard Business School Case Study

The first step to solve HBR NASCAR: Every Second Counts - Helping Win from the Pits 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 Pit Racing is facing right now. Even though the problem statement is essentially – “Technology & Operations” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Pit Racing, 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 NASCAR: Every Second Counts - Helping Win from the Pits.

The external environment analysis of NASCAR: Every Second Counts - Helping Win from the Pits 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 NASCAR: Every Second Counts - Helping Win from the Pits case study. PESTEL analysis of " NASCAR: Every Second Counts - Helping Win from the Pits" 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 NASCAR: Every Second Counts - Helping Win from the Pits macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for NASCAR: Every Second Counts - Helping Win from the Pits

To do comprehensive PESTEL analysis of case study – NASCAR: Every Second Counts - Helping Win from the Pits , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact NASCAR: Every Second Counts - Helping Win from the Pits

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 NASCAR: Every Second Counts - Helping Win from the Pits

Government policies have significant impact on the business environment of any country. The firm in “ NASCAR: Every Second Counts - Helping Win from the Pits ” 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 Pit Racing is operating, firms are required to store customer data within the premises of the country. Pit Racing 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. NASCAR: Every Second Counts - Helping Win from the Pits has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Pit Racing in case study NASCAR: Every Second Counts - Helping Win from the Pits" 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. Pit Racing in case study “ NASCAR: Every Second Counts - Helping Win from the Pits ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Pit Racing in case study “ NASCAR: Every Second Counts - Helping Win from the Pits ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on NASCAR: Every Second Counts - Helping Win from the Pits

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 “ NASCAR: Every Second Counts - Helping Win from the Pits ” 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 Pit Racing can compete against other competitors.

Government Scheme & Subsidies Impact on NASCAR: Every Second Counts - Helping Win from the Pits

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 NASCAR: Every Second Counts - Helping Win from the Pits 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 NASCAR: Every Second Counts - Helping Win from the Pits

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 – Pit Racing 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 NASCAR: Every Second Counts - Helping Win from the Pits

Social Factors that Impact NASCAR: Every Second Counts - Helping Win from the Pits

Technological Factors that Impact NASCAR: Every Second Counts - Helping Win from the Pits

Environmental Factors that Impact NASCAR: Every Second Counts - Helping Win from the Pits

Legal Factors that Impact NASCAR: Every Second Counts - Helping Win from the Pits

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 NASCAR: Every Second Counts - Helping Win from the Pits case study. PESTEL analysis of " NASCAR: Every Second Counts - Helping Win from the Pits" 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 :: NASCAR: Every Second Counts - Helping Win from the Pits case study solution

Amanda Watson

Amanda is strategy expert at Texas Business School . She is passionate about corporate strategy, competitive strategy, game theory, and business model innovation. You can hire Texas Business School professinoals to revolutionize your strategy & business.

Leave your thought here



Case Study Solutions

sales SWOT Analysis PDVSA & CITGO (A): Seeking Stability in an Uncertain World case study solution

American Medical Association-Sunbeam Deal (C): The Denouement case study solution

Amagi: Creating Value in the TV Broadcasting Industry case study solution

Wal-Mart Stores: "Everyday Low Prices" in China case study solution

Olympic Rent-A-Car U.S.: Customer Loyalty Battles, Spanish Version case study solution

Rakuten case study solution

First National City Bank Operating Group (A) case study solution

U.S. Export-Import Bank and the Three Gorges Dam (A) case study solution

Thomson Financial: Building the Customer-Centric Firm case study solution

Note on Organized Labor in U.S. Public Education case study solution

THE POWERSCREEN PROBLEM - Confidential Instructions for Alan Hacker's Attorney case study solution

The End of Oil case study solution

ResMed, Inc. - Promoting Better Sleep Throughout the World case study solution

Esquel Group: Building a Sustainable Partnership with Cotton Farmers in Xinjiang (A) case study solution

China Plays Heavy Metal: Rare Earth Elements and the US Defence Industry case study solution

Banyan Tree Resorts & Hotels: Building an International Brand From an Asian Base case study solution

How Government Shaped the American Diet case study solution

Women on boards of directors: Why skirts in seats aren't enough case study solution

Sherif Mityas at A.T. Kearney: Negotiating a Client Service Predicament (B) case study solution

Terra Lycos: Creating a Global and Profitable Integrated Media Company case study solution

About Us

.

Wishlist

Dark Brown Leather Watch

$200.00 $180.00

Dining Chair

$300.00 $220.00

Creative Wooden Stand

$100.00 $80.00

Dark Brown Leather Watch

$200.00 $180.00

Creative Wooden Stand

$200.00 $180.00

Cart

Subtotal: $200.00

Free Shipping on All Orders Over $100!

# Hit enter to search or ESC to close

Wooden round table

$360.00 $300.00

Hurley Dry-Fit Chino Short. Men's chino short. Outseam Length: 19 Dri-FIT Technology helps keep you dry and comfortable. Made with sweat-wicking fabric. Fitted waist with belt loops. Button waist with zip fly provides a classic look and feel .

Quantity:
SKU: 12345
Categories: Fashion, Men, Sunglasses
Tags: Fashion, Men
Share on:
Close