Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative Description

Jennifer Parks, a newly appointed business development officer at PillarPoint Home Loans, is given a mandate to identify and develop a new-growth initiative for her company, a small mortgage division of one of the largest U.S. credit card issuers. The company has more than 60 million accounts worldwide and a reputation as a leader in direct marketing and online services. After studying the industry, Parks identifies what she believes is a high-potential growth opportunity: a home mortgage product aimed at high-net-worth customers of the parent company. As she gets ready to present her idea to PillarPoint's executives, what should she propose as the next steps for moving the initiative forward?

Case Description Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Strategic Managment Tools Used in Case Study Analysis of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

STEP 1. Problem Identification in Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

STEP 3. Industry Specific / Porter Five Forces Analysis of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

STEP 4. Evaluating Alternatives / SWOT Analysis of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

STEP 6. Recommendations Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

STEP 7. Basis of Recommendations for Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study

Case Analysis of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative is a Harvard Business (HBR) Case Study on Innovation & Entrepreneurship , 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. Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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. Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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 Innovation & Entrepreneurship, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative, 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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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 Innovation & Entrepreneurship Solutions

In the Texas Business School, Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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 – Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Step 1 – Problem Identification of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative - Harvard Business School Case Study

The first step to solve HBR Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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 Pillarpoint Parks is facing right now. Even though the problem statement is essentially – “Innovation & Entrepreneurship” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Pillarpoint Parks, 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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative.

The external environment analysis of Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study. PESTEL analysis of " Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative" 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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

To do comprehensive PESTEL analysis of case study – Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Government policies have significant impact on the business environment of any country. The firm in “ Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative ” 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 Pillarpoint Parks is operating, firms are required to store customer data within the premises of the country. Pillarpoint Parks 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. Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Pillarpoint Parks in case study Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative" 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. Pillarpoint Parks in case study “ Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Pillarpoint Parks in case study “ Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

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 “ Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative ” 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 Pillarpoint Parks can compete against other competitors.

Government Scheme & Subsidies Impact on Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative 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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

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 – Pillarpoint Parks 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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Social Factors that Impact Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Technological Factors that Impact Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Environmental Factors that Impact Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

Legal Factors that Impact Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative

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 Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study. PESTEL analysis of " Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative" 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 :: Jennifer Parks at PillarPoint Home Loans: Developing a New-Growth Initiative case study solution