New Flyer Industries: Innovation in Transit Description
In late 2017, senior management staff at New Flyer Industries Inc. (NFI) were reflecting on the recent growth of their company. NFI was an automotive company that specialized in heavy-duty transit buses and motor coaches. It had been over a year since it had acquired Motor Coach Industries International Inc., and the leadership team was pleased with NFI's performance; however, they wondered why the company's stock price had become stagnant in recent months. NFI had a long history of operational excellence and innovation and had exhibited growth through acquisitions. Had NFI reached the limits of its current strategy? What opportunities and threats existed in the industry? Which resources had enabled the firm to achieve market success? The management team needed to analyze the business and its environment to identify a way forward. Tyler Case and Brooke Dobni are affiliated with University of Saskatchewan.
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Case Analysis of New Flyer Industries: Innovation in Transit
New Flyer Industries: Innovation in Transit 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. New Flyer Industries: Innovation in Transit 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. New Flyer Industries: Innovation in Transit case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. New Flyer Industries: Innovation in Transit will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
New Flyer Industries: Innovation in Transit
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 New Flyer Industries: Innovation in Transit, 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 New Flyer Industries: Innovation in Transit 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, New Flyer Industries: Innovation in Transit 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 – New Flyer Industries: Innovation in Transit
Step 1 – Problem Identification of New Flyer Industries: Innovation in Transit - Harvard Business School Case Study
The first step to solve HBR New Flyer Industries: Innovation in Transit 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 Nfi Flyer 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 Nfi Flyer, 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 New Flyer Industries: Innovation in Transit.
The external environment analysis of New Flyer Industries: Innovation in Transit 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 New Flyer Industries: Innovation in Transit case study. PESTEL analysis of " New Flyer Industries: Innovation in Transit" 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 New Flyer Industries: Innovation in Transit macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for New Flyer Industries: Innovation in Transit
To do comprehensive PESTEL analysis of case study – New Flyer Industries: Innovation in Transit , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact New Flyer Industries: Innovation in Transit
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 New Flyer Industries: Innovation in Transit
Government policies have significant impact on the business environment of any country. The firm in “ New Flyer Industries: Innovation in Transit ” 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 Nfi Flyer is operating, firms are required to store customer data within the premises of the country. Nfi Flyer 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. New Flyer Industries: Innovation in Transit has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Nfi Flyer in case study New Flyer Industries: Innovation in Transit" 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. Nfi Flyer in case study “ New Flyer Industries: Innovation in Transit ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Nfi Flyer in case study “ New Flyer Industries: Innovation in Transit ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on New Flyer Industries: Innovation in Transit
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 “ New Flyer Industries: Innovation in Transit ” 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 Nfi Flyer can compete against other competitors.
Government Scheme & Subsidies Impact on New Flyer Industries: Innovation in Transit
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 New Flyer Industries: Innovation in Transit 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 New Flyer Industries: Innovation in Transit
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 – Nfi Flyer 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 New Flyer Industries: Innovation in Transit
Social Factors that Impact New Flyer Industries: Innovation in Transit
Technological Factors that Impact New Flyer Industries: Innovation in Transit
Environmental Factors that Impact New Flyer Industries: Innovation in Transit
Legal Factors that Impact New Flyer Industries: Innovation in Transit
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 New Flyer Industries: Innovation in Transit case study. PESTEL analysis of " New Flyer Industries: Innovation in Transit" 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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