predictive analytics texas business school

Predictive Analytics

Marketing

Strategy



Case Study Solution | Assignment Help | Case Help

Racing into the Future: Strategic Marketing for the Regina Auto Racing Club Description

The Regina Auto Racing Club (RARC) had been operating the Kings Park Speedway since 1967. In 2016, the race track and facilities were beginning to show their age and were in need of costly upgrading. Unfortunately, the club had also been suffering from declining attendance over the past five years, and the associated decline in ticket revenue had led to a shrinking race schedule. At the end of the race season in 2016, the club managed to break even financially and had a modest bank account balance. Although RARC was a non-profit organization, the continued financial viability of the club was at risk, and action was required to increase revenue. The club needed to decide among four non-mutually exclusive business strategies. Should it repair and rebuild the facilities to renew the appeal of the venue and attract more spectators? Should it increase its advertising and promotion activities to improve awareness of the club and events? Should it increase the number of race classes and special racing events, or should it introduce non-racing events to the facility to take advantage of other revenue-generating opportunities?


Case Description Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Strategic Managment Tools Used in Case Study Analysis of Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

STEP 1. Problem Identification in Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study

STEP 3. Industry Specific / Porter Five Forces Analysis of Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study

STEP 4. Evaluating Alternatives / SWOT Analysis of Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study

STEP 6. Recommendations Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study

STEP 7. Basis of Recommendations for Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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. Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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. Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Racing into the Future: Strategic Marketing for the Regina Auto Racing Club will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club, 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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, Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 – Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Step 1 – Problem Identification of Racing into the Future: Strategic Marketing for the Regina Auto Racing Club - Harvard Business School Case Study

The first step to solve HBR Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 Club Racing 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 Club 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club.

The external environment analysis of Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study. PESTEL analysis of " Racing into the Future: Strategic Marketing for the Regina Auto Racing Club" 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

To do comprehensive PESTEL analysis of case study – Racing into the Future: Strategic Marketing for the Regina Auto Racing Club , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Government policies have significant impact on the business environment of any country. The firm in “ Racing into the Future: Strategic Marketing for the Regina Auto Racing Club ” 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 Club Racing is operating, firms are required to store customer data within the premises of the country. Club 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. Racing into the Future: Strategic Marketing for the Regina Auto Racing Club has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Club Racing in case study Racing into the Future: Strategic Marketing for the Regina Auto Racing Club" 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. Club Racing in case study “ Racing into the Future: Strategic Marketing for the Regina Auto Racing Club ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Club Racing in case study “ Racing into the Future: Strategic Marketing for the Regina Auto Racing Club ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

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 “ Racing into the Future: Strategic Marketing for the Regina Auto Racing Club ” 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 Club Racing can compete against other competitors.

Government Scheme & Subsidies Impact on Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

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 – Club 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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Social Factors that Impact Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Technological Factors that Impact Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Environmental Factors that Impact Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

Legal Factors that Impact Racing into the Future: Strategic Marketing for the Regina Auto Racing Club

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 Racing into the Future: Strategic Marketing for the Regina Auto Racing Club case study. PESTEL analysis of " Racing into the Future: Strategic Marketing for the Regina Auto Racing Club" 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 :: Racing into the Future: Strategic Marketing for the Regina Auto Racing Club 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) case study solution

Wildfire case study solution

mGames case study solution

Managing with Analytics at Procter & Gamble case study solution

Opening the Valve: From Software to Hardware (B) case study solution

The PCNet Project (A): Project Risk Management in an IT Integration Project case study solution

Dice, Inc. case study solution

The Access to Medicine Index (B): Making an Impact case study solution

NakedWines.com - Disrupting the Wine Industry? case study solution

Coaching for Exceptional Performance Workshop: Senior Associate, Insurance Products, James Beringer case study solution

Why Is the Universe Against Me? (A) and (B) (Abridged) case study solution

FlightSafety International (A) case study solution

Steel Wars: A Battle for the Future of American Steel case study solution

Delivering Innovation in Hospital Construction: Contracts and Collaboration in the UK's Private Finance Initiative Hospitals Program case study solution

The Campaign for Bank Insurance in Antebellum New York case study solution

Frontstep in Russia (A): High-Tech Start-up and Survival in a New "Time of Troubles" case study solution

Shanghai Interior Automotive Door System: Running a Manufacturing Operation in China case study solution

Spencer's Retail Limited: Repositioning in a Changing Retail Environment case study solution

Blinds To Go: Invading the Sunshine State case study solution

Board of Directors at Medtronic, Inc., Spanish Version 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