SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market Description
The case details the strategic decisions that SK Planet, a leader in web and mobile services in its home country of Korea, needed to make regarding the best way to carry out an aggressive global expansion-most importantly into the United States. The $1 billion company had a war chest of $600 million in cash, which allowed company leadership to consider three strategic options for evaluation: 1) Port or rebrand SK Planet's top-ranked Korean services to the U.S. A challenge with this option was that these platforms were developed largely for the Korean market and might not translate to U.S. audiences. Also, many of these services would face entrenched, direct competition within the U.S.; 2) Develop or expand organically, by way of chartering new SK Planet divisions under experienced Korean or American executives. The downside was that this would involve delays in getting new divisions off the ground, and the company needed to invest significant time and energy in researching the U.S. market; 3) Follow a Merger & Acquisitions strategy using its $600 million in cash. However, this would involve a high degree of risk, and if not managed carefully, mergers could lead to culture clashes between U.S. and Korean executives. Whichever option it chose, SK Planet set a three-year goal for its expansion efforts. While nominally short, the company saw this as the critical time frame before the smartphone ecosystem in the U.S. reached maturation and the incumbents fortified their market positions.
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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market is a Harvard Business (HBR) Case Study on Leadership & Managing People , 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. SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market 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. SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
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 Leadership & Managing People, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market, 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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market 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 Leadership & Managing People Solutions
In the Texas Business School, SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market 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 – SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
Step 1 – Problem Identification of SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market - Harvard Business School Case Study
The first step to solve HBR SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market 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 Sk Korean is facing right now. Even though the problem statement is essentially – “Leadership & Managing People” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Sk Korean, 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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market.
The external environment analysis of SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market 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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market case study. PESTEL analysis of " SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market" 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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
To do comprehensive PESTEL analysis of case study – SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
Government policies have significant impact on the business environment of any country. The firm in “ SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market ” 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 Sk Korean is operating, firms are required to store customer data within the premises of the country. Sk Korean 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. SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Sk Korean in case study SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market" 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. Sk Korean in case study “ SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Sk Korean in case study “ SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
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 “ SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market ” 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 Sk Korean can compete against other competitors.
Government Scheme & Subsidies Impact on SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market 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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
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 – Sk Korean 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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
Social Factors that Impact SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
Technological Factors that Impact SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
Environmental Factors that Impact SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
Legal Factors that Impact SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market
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 SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market case study. PESTEL analysis of " SK Planet in 2013: A Korean Giant's Big Bet on the U.S. Market" 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.
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.
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 .
