ENAEFF Value-added Statements of a State-owned Firm - B Case Solution

The Harvard Business Review published a case study that primarily focuses on ENAEFF Value-added Statements of a State-owned Firm - B. The following case solution has been designed to give the reader an overview about the business world along with a clear understanding of its growth dynamics. Recently, ENAEFF Value-added Statements of a State-owned Firm - B has been subjected to strategic as well as managerial problems that require immediate attention so that they can be resolved to allow future growth, expansion, and competitive edge within the marketplace. This case study solution is being written to provide a strategic solution to ENAEFF Value-added Statements of a State-owned Firm - B using various appropriate tools and frameworks. Harvard Business Review’s case studies involve a central problem that is faced by a particular company. The problem identified involves strategic and managerial implications for the company. Therefore, it is important for readers to critically identify the problem ENAEFF Value-added Statements of a State-owned Firm - B faces. Moreover, it is also essential to highlight the key stakeholders that are impacted and influenced by the problem identified.

External Environmental Analysis

The external environment holds significant importance for ENAEFF Value-added Statements of a State-owned Firm - B to ensure that the company is able to respond to all the changes in the macro-environment. This is because ENAEFF Value-added Statements of a State-owned Firm - B cannot control the factors and thus can directly influence the company's operations (Indris & Primiana, 2015). The external environment of ENAEFF Value-added Statements of a State-owned Firm - B will be assessed using PESTLE Analysis.

Political

• A stable political environment provides a favorable market growth trend for ENAEFF Value-added Statements of a State-owned Firm - B.

• It is important for ENAEFF Value-added Statements of a State-owned Firm - B to analyze the pressure groups, and social environment activists. The company can make close collaborations with these groups to achieve company goals (Wang, Wang, & Shi, 2022).

• High restrictions on trade and high levels of taxes can contribute to the complex business environment for ENAEFF Value-added Statements of a State-owned Firm - B by impacting imports and exports.

Economic

• ENAEFF Value-added Statements of a State-owned Firm - B can benefit from wide-range opportunities in business growth by operating in developing economies (Munro, 2017).

• High GDP can determine the long-term growth strategies of ENAEFF Value-added Statements of a State-owned Firm - B, signaling the ability of consumers to spend on more products.

• Higher rates of interests can provide ENAEFF Value-added Statements of a State-owned Firm - B with more investment opportunities.

• The flexibility in the labor market allows ENAEFF Value-added Statements of a State-owned Firm - B to take advantage of higher workforce productivity.

Social

• The selection of appropriate demographic segments has allowed ENAEFF Value-added Statements of a State-owned Firm - B to select the right segments of the market that have high growth potential.

• The research on gender roles has helped ENAEFF Value-added Statements of a State-owned Firm - B to develop and align communication as well as marketing strategies accordingly.

• ENAEFF Value-added Statements of a State-owned Firm - B has been successful in understanding the norms and cultures of different countries by developing local teams and partnerships (Hueske, Endrikat, & Guenther, 2015).

Technological

• The adoption of innovative marketing techniques that involves communication technologies has allowed ENAEFF Value-added Statements of a State-owned Firm - B to collaborate successfully with consumers.

• The company has stayed ahead in the market, and can significantly increase its market share by placing its major focus on emerging technologies (Akpoviroro & Owotutu, 2018).

• ENAEFF Value-added Statements of a State-owned Firm - B should maximize its profits by investing in disruptive technologies.

Environmental

• It is crucial for ENAEFF Value-added Statements of a State-owned Firm - B to adopt effective waste management practices to reduce environmental pollution (J. K, W. J, & D., 2016).

• ENAEFF Value-added Statements of a State-owned Firm - B should adopt eco-friendly products to establish better relationships with the stakeholders.

• ENAEFF Value-added Statements of a State-owned Firm - B can take advantage of subsidies offered in renewable technologies to achieve the long-term goal of sustainability.

Legal

• ENAEFF Value-added Statements of a State-owned Firm - B should follow proper laws concerning employee health and safety, and anti-discrimination laws to effectively develop HRM.

• Consumer protection laws are also important for ENAEFF Value-added Statements of a State-owned Firm - B as it involves the consumer protection from fraudulent marketing (S. Samusenko, S. Plaskova, & A. Prodanova, 2020).

• ENAEFF Value-added Statements of a State-owned Firm - B can gain a competitive advantage, and can position itself strongly in the market by protecting intellectual property laws.

Porter’s Five Forces Analysis

Threat of New Entrants

• It is difficult to achieve economies of scale in ENAEFF Value-added Statements of a State-owned Firm - B’s industry, making it a weaker force for new entrants.

• There are high capital requirements in the industry. This makes it difficult for new businesses to set up their companies, and compete against ENAEFF Value-added Statements of a State-owned Firm - B.

• The industry has a strong product differentiation, and heavy investment is needed for customer acquisition. Thus, ENAEFF Value-added Statements of a State-owned Firm - B can focus on innovation to differentiate itself from its competitors (H. Th. Bruijl, 2018).

• There are strict legal requirements to join the industry in which ENAEFF Value-added Statements of a State-owned Firm - B operates, making it difficult for new entrants to enter the market.

Bargaining Power of Suppliers

• The bargaining power of suppliers in the industry is weak.

• ENAEFF Value-added Statements of a State-owned Firm - B operates in an industry with a higher number of suppliers. This means that suppliers do not have much control over their prices.

• Standardized products that have low switching costs are provided by suppliers allowing buyers like ENAEFF Value-added Statements of a State-owned Firm - B to easily switch their suppliers (Fabbri & F.Klapper, 2016).

• Raw materials can be purchased at lower prices by ENAEFF Value-added Statements of a State-owned Firm - B. The company can also switch suppliers for more reasonable pricing.

• ENAEFF Value-added Statements of a State-owned Firm - B can benefit from a variety of suppliers as it can have multiple suppliers for its various geographical areas (Cho, Ke, & Han, 2019).

Bargaining Power of Buyers

• The bargaining power of buyers in the ENAEFF Value-added Statements of a State-owned Firm - B industry is weak.

• There is a high product differentiation in the industry, making it difficult for buyers to switch to alternative firms.

• ENAEFF Value-added Statements of a State-owned Firm - B can come with differentiated and innovative products to attract more buyers of the industry (Zhao, Zuo, & Wu, 2016).

• Buyers of this industry has low incomes. This means they prefer to purchase items at lower prices, making them more price sensitive. Organizations like ENAEFF Value-added Statements of a State-owned Firm - B can offer lower prices to attract customers.

Threat of Substitute Products or Services

• There are few substitute products available in the industry in which ENAEFF Value-added Statements of a State-owned Firm - B operates.

• Expensive substitutes are available in the industry of ENAEFF Value-added Statements of a State-owned Firm - B, making it difficult for buyers to switch to those substitutes (Aithal, 2016).

Rivalry Among Existing Firms

• The rivalry among existing firms is moderate to weak.

• There are few competitors in the industry in which ENAEFF Value-added Statements of a State-owned Firm - B operates.

• A large market share is enjoyed by fewer firms in the industry. This means that more competitive actions will be made to become leaders in the market (Seema, 2016).

• The industry in which ENAEFF Value-added Statements of a State-owned Firm - B operates has highly differentiated products, making it difficult for companies to win each other customers.

• ENAEFF Value-added Statements of a State-owned Firm - B can focus on making more differentiated products to gain a strong competitive edge in the market (Zhao, Zuo, & Wu, 2016).

Internal Environmental Analysis

ENAEFF Value-added Statements of a State-owned Firm - B can use internal environmental analysis to identify and evaluate the competitive positioning of a company in the business environment. This involves conducting a SWOT Analysis that can help ENAEFF Value-added Statements of a State-owned Firm - B to identify the company’s internal strengths, weaknesses, opportunities, and threats (Halmaghi, Iancue, & Băcilă, 2017).

SWOT Analysis

Strengths

• ENAEFF Value-added Statements of a State-owned Firm - B has a strong distribution network that has allowed it to make its products available to large customers within the given timeframe.

• A strong presence on social media platforms has allowed ENAEFF Value-added Statements of a State-owned Firm - B to have a high level of customer engagement (Rizaldi, 2015).

• ENAEFF Value-added Statements of a State-owned Firm - B has been successful in building a large product portfolio, so unique and distinctive products can be offered to consumers.

• ENAEFF Value-added Statements of a State-owned Firm - B has a strong brand image in the market.

• A low-cost structure of ENAEFF Value-added Statements of a State-owned Firm - B has allowed it to manufacture products at lower costs, so they become affordable for consumers to purchase.

• The financial position of ENAEFF Value-added Statements of a State-owned Firm - B is strong as the company has generated higher profits over the past years (Phadermrod, M.Crowder, & B.Wills, 2019).

• ENAEFF Value-added Statements of a State-owned Firm - B has invested in the training and development of its employees to keep them motivates, leading to higher efficiency and productivity.

Weaknesses

• The expenditure of ENAEFF Value-added Statements of a State-owned Firm - B on its research and development is comparatively less to other competitors of the market.

• ENAEFF Value-added Statements of a State-owned Firm - B uses a centralized decision-making process that takes time and reduces operational efficiency (Ahmadi, Dileepan, & K. Wheatley, 2016).

• There are high rental costs because ENAEFF Value-added Statements of a State-owned Firm - B operates on more of the rental properties rather than purchasing them.

• There is no workforce diversification in ENAEFF Value-added Statements of a State-owned Firm - B. This makes it difficult for the employees to adjust with the different workers who belong to different backgrounds.

Opportunities

• Since the online shopping has increased significantly, ENAEFF Value-added Statements of a State-owned Firm - B can take it as an opportunity to expand its online presence.

• ENAEFF Value-added Statements of a State-owned Firm - B can make use of social media platforms to market its products, with more customers interactions.

• Due to more technological developments, ENAEFF Value-added Statements of a State-owned Firm - B can make its operations more automated so that overall company costs can be reduced (Ahmadi, Dileepan, & K. Wheatley, 2016).

• Globalization provides an opportunity to ENAEFF Value-added Statements of a State-owned Firm - B to expand its operations in multiple countries.

• ENAEFF Value-added Statements of a State-owned Firm - B can enter in a niche market and sell distinctive products to gain a competitive advantage.

• The increase in the demand of environmentally friendly goods, ENAEFF Value-added Statements of a State-owned Firm - B, can place its major focus on making such products (E.Quezada, A.Reinao, & I.Palominos, 2019).

Threats

• In recent times, there has been an increase in the bargaining power of suppliers, making it difficult for ENAEFF Value-added Statements of a State-owned Firm - B to buy raw materials at lower costs.

• Numerous players are entering the industry, posing a major threat to ENAEFF Value-added Statements of a State-owned Firm - B.

• There has been constant pressure on ENAEFF Value-added Statements of a State-owned Firm - B to conduct frequent research to understand the changing customer tastes and preferences (Kolbina, 2015).

• Technological advancements require workforce training. This adds to the costs of ENAEFF Value-added Statements of a State-owned Firm - B.

VRIO Analysis

ENAEFF Value-added Statements of a State-owned Firm - B uses VRIO Analysis to assess and evaluate the company resources to determine the competitiveness, and strategic advantage.

Valuable

• ENAEFF Value-added Statements of a State-owned Firm - B has a strong brand image and engages in corporate social responsibility.

• ENAEFF Value-added Statements of a State-owned Firm - B has a high brand recognition because of the quality of products it offers to its customers (Ariyani & Daryanto, 2018).

• The distribution system of ENAEFF Value-added Statements of a State-owned Firm - B is valued all round the world. The company has been able to successfully establish strong relationships with its suppliers.

• ENAEFF Value-added Statements of a State-owned Firm - B focuses on continuous innovation in its business. The company has expanded this innovation in its multiple functional areas.

• There are potential growth opportunities in the market, and ENAEFF Value-added Statements of a State-owned Firm - B has been able to penetrate the market through its ability to raise large funds.

Rare

• ENAEFF Value-added Statements of a State-owned Firm - B operates globally. This global presence has allowed the company to increase its customer base (Miethlich & G. Oldenburg, 2019).

• ENAEFF Value-added Statements of a State-owned Firm - B has an organizational culture that promotes more teamwork, innovation, and creativity among its employees, that leads to a competitive advantage.

• Since ENAEFF Value-added Statements of a State-owned Firm - B has a global presence, it allows the company to easily adapt to different cultures, norms and values.

• The risk-taking ability of ENAEFF Value-added Statements of a State-owned Firm - B is strong. This provides more opportunities to the company to penetrate different markets.

Inimitable

• The inimitable resource for ENAEFF Value-added Statements of a State-owned Firm - B is its high-quality products. These products have allowed consumers to make repeat purchases.

• ENAEFF Value-added Statements of a State-owned Firm - B operates through multiple locations of stores in different companies, allowing easy access to products.

• Strong marketing communications have been used by ENAEFF Value-added Statements of a State-owned Firm - B to attract more customers.

• ENAEFF Value-added Statements of a State-owned Firm - B has been using integrated technology that has allowed it to offer competitive pricing to its customers (Ariwibowo, Saputro, & Haryanto, 2021).

• ENAEFF Value-added Statements of a State-owned Firm - B maintains an excellent customer service that has enabled it to have a high brand engagement.

Organization

• Strong financial position has allowed ENAEFF Value-added Statements of a State-owned Firm - B to explore more product development opportunities.

• ENAEFF Value-added Statements of a State-owned Firm - B is successfully maintaining the efficiency and effectiveness of its business operations with the help of more integrated and advanced technology.

• Employees are given both in-house and off-the-job training opportunities by ENAEFF Value-added Statements of a State-owned Firm - B that allow more skills development (Adnan, Abdulhamid, & Sohail, 2018).

• The strong value chain and distribution network has enabled ENAEFF Value-added Statements of a State-owned Firm - B to increase its revenue through the sale of its products.

Marketing Mix

Marketing Mix is needed by ENAEFF Value-added Statements of a State-owned Firm - B to formulate effective strategies to achieve the company objectives.

Product

• ENAEFF Value-added Statements of a State-owned Firm - B has five product categories. Each of these categories has a product line that involves more variety of products (Išoraitė, 2016).

• Highly differentiated products are offered by ENAEFF Value-added Statements of a State-owned Firm - B to its customers. These distinctive products are not easily available at competitors.

• The products of ENAEFF Value-added Statements of a State-owned Firm - B are of higher quality, and thus, customers pay more prices for these products.

• ENAEFF Value-added Statements of a State-owned Firm - B designs products with traditional designs giving customers more product variety.

• ENAEFF Value-added Statements of a State-owned Firm - B offers multiple sizes for its every product to make it easy for its customers to select the right product.

• Warranty and same-day delivery option if also provided by ENAEFF Value-added Statements of a State-owned Firm - B to its customers.

Price

• ENAEFF Value-added Statements of a State-owned Firm - B follows a competitive pricing strategy.

• To attract more customers, bundle pricing has also been used by the company.

• Little higher prices are charged for products that are sold online because of the delivery costs (Thabit & Raewf, 2018).

• Optional product pricing strategy is also adopted by ENAEFF Value-added Statements of a State-owned Firm - B for some of its products, such as a base product is offered for a certain price, and there are separate prices for its accessories.

• Regular promotional prices are also offered by ENAEFF Value-added Statements of a State-owned Firm - B to its customers.

Place

• ENAEFF Value-added Statements of a State-owned Firm - B uses two channels for its product distribution. This includes online selling and through own stores.

• There are more than multiple stores owned by ENAEFF Value-added Statements of a State-owned Firm - B globally. This ensures easy product availability to customers (Pogorelova, Yakhneeva, & Agafonova, 2016).

• ENAEFF Value-added Statements of a State-owned Firm - B has partnered with delivery service companies to distribute its products effectively to consumers.

• ENAEFF Value-added Statements of a State-owned Firm - B has also adopted an omni-channel distribution system.

Promotion

• ENAEFF Value-added Statements of a State-owned Firm - B uses a traditional promotional strategy that involves TV advertisements (Fan, Y.K.Lau, & Zhao, 2015).

• Social media advertisements are also adopted by ENAEFF Value-added Statements of a State-owned Firm - B to increase brand awareness.

• ENAEFF Value-added Statements of a State-owned Firm - B takes part in various events and exhibitions as a way of promoting its products.

• Large sales force is used to provide the customers with a more personal experience.

• ENAEFF Value-added Statements of a State-owned Firm - B also makes use of influencer marketing to increase the demand for its products.

• Regular content and deals are posted on the social media pages of ENAEFF Value-added Statements of a State-owned Firm - B to attract and retain customers.

Value Chain Analysis

ENAEFF Value-added Statements of a State-owned Firm - B can use Value Chain Analysis to identify and assess inter-relationships as well as interdependencies.

Primary Activities

• ENAEFF Value-added Statements of a State-owned Firm - B’s primary activities involves the production and selling of products to the final consumers (Mintz, J.Gilbride, & Lenk, 2021).

• ENAEFF Value-added Statements of a State-owned Firm - B has a strong relationship with the suppliers. This ensures that the product is received, stored, and distributed in a timely manner.

• Operational activities of ENAEFF Value-added Statements of a State-owned Firm - B are effectively aligned.

• For inbound logistics, after the arrival of raw material, the company processes it to manufacture the final product (Hasan, Nekmahmud, & Yajuan, 2019).

• In terms of outbound logistics, ENAEFF Value-added Statements of a State-owned Firm - B has been able to set up optimal costs as well as efficient delivery processes to deliver the product on time.

• ENAEFF Value-added Statements of a State-owned Firm - B invests in its sales and marketing activities to build relationships with customers.

• Marketing funnel approach is used by ENAEFF Value-added Statements of a State-owned Firm - B to effectively devise and build sales and marketing activities.

• ENAEFF Value-added Statements of a State-owned Firm - B offers both pre-sale and post-sales services to its customers.

Secondary Activities

• ENAEFF Value-added Statements of a State-owned Firm - B has an effective infrastructure that has allowed the company to successfully optimize its value chain.

• The competitive pressure in terms of employee skill development, motivation, and commitment is reduced as ENAEFF Value-added Statements of a State-owned Firm - B has developed a strong HRM (Linkov, Carluccio, Pritchard, & Bhreasail, 2020).

• ENAEFF Value-added Statements of a State-owned Firm - B uses a cost minimization approach to reduce its costs by analyzing the costs associated with training and hiring the employees.

• ENAEFF Value-added Statements of a State-owned Firm - B has been using integrated technology in its value chain activities. This includes technological customer support, research and data analytics concerning product design, and automated software.

• The procurement activities of ENAEFF Value-added Statements of a State-owned Firm - B are effectively optimized with its inbound, outbound, and operational activities (Maheswari, Yudoko, & Adhiutama, 2019).

Market Penetration Strategies

• ENAEFF Value-added Statements of a State-owned Firm - B can increase the capacity of its production so it can reach more of the customers in its existing market.

• ENAEFF Value-added Statements of a State-owned Firm - B can focus on controlling the overhead costs so that it can offer competitive pricing that can attract customers of the market (Dawes, 2018).

• Investments can be made by ENAEFF Value-added Statements of a State-owned Firm - B in marketing and sales activities to increase the chances of successful market penetration.

• ENAEFF Value-added Statements of a State-owned Firm - B can design and develop a content that increases customer engagement within a particular marketplace.

• ENAEFF Value-added Statements of a State-owned Firm - B can assess and identify more enhanced distribution networks (Radpour, Mondal, & Kumar, 2017).

• Improved distribution systems and supply chains can improve the product accessibility for the customers, making it easier for ENAEFF Value-added Statements of a State-owned Firm - B to penetrate the market.

• ENAEFF Value-added Statements of a State-owned Firm - B can adopt price cuts in its products to compete in the market. This will give a company a competitive edge over its competitors.

• ENAEFF Value-added Statements of a State-owned Firm - B can plan strategies where it can focus on acquiring the leading players of the market. Such acquisitions will give the company an opportunity to reach more customer segments.

• Strategic partnerships and joint ventures agreements can be signed by ENAEFF Value-added Statements of a State-owned Firm - B to mitigate the risk factors, and to gain customer groups of the market.

• ENAEFF Value-added Statements of a State-owned Firm - B can come up with new and innovative features in its already existing product for the market (Daouda, Barth, & T. M. Ingenbleek, 2019).

Market Development Strategies

• It is important for ENAEFF Value-added Statements of a State-owned Firm - B to invest in the research and development department so potential markets can be identified (Hilman, Bohari, & Abdullah, 2018).

• Regional expansion strategy can be used by ENAEFF Value-added Statements of a State-owned Firm - B for growth purposes. This will also take into consideration the cultural differences.

• ENAEFF Value-added Statements of a State-owned Firm - B should also consider to expand its business operations in the international market. This will allow access to a larger customer base.

• New customer groups and segments should be explored by ENAEFF Value-added Statements of a State-owned Firm - B.

• ENAEFF Value-added Statements of a State-owned Firm - B should also invest in brand-building activities as it will give an opportunity to reach more potential customers (C. Koks & M. Kilika, 2016).

• ENAEFF Value-added Statements of a State-owned Firm - B should consider the market education in terms of its product. The company can significantly increase its sales by giving product awareness to new segments.

Product Development Strategies

• ENAEFF Value-added Statements of a State-owned Firm - B can come up with new improvements and modifications in the existing products to attract the market.

• ENAEFF Value-added Statements of a State-owned Firm - B should undergo the NPD process, so the company is able to assess and identify new points for its customers.

• Regular investments in the research and development will help ENAEFF Value-added Statements of a State-owned Firm - B to develop something new and innovative that can give a competitive advantage (Kalogiannidis & Mavratzas, 2020).

• ENAEFF Value-added Statements of a State-owned Firm - B can develop new products by getting into more strategic partnerships.

Diversification Strategies

• ENAEFF Value-added Statements of a State-owned Firm - B can adopt vertical diversification to develop business. This can be done by adding more products to the existing portfolio (Kalogiannidis & Mavratzas, 2020).

• Horizontal integration can also be adopted by ENAEFF Value-added Statements of a State-owned Firm - B, where the company can enter into a completely new product development phase that does not exist in the current product line.

• ENAEFF Value-added Statements of a State-owned Firm - B can also consider to conglomerate by starting a different business.

Conclusion

Based on all the models and frameworks discussed above, it is concluded that ENAEFF Value-added Statements of a State-owned Firm - B should focus on widening the existing product portfolio. Moreover, the psychological pricing strategy can be adopted. ENAEFF Value-added Statements of a State-owned Firm - B should also maintain close relationships with its suppliers to benefit from lower prices. Similarly, ENAEFF Value-added Statements of a State-owned Firm - B should develop more integrated outbound logistics for its perishable items. It is also important to continue producing quality and innovative products, so ENAEFF Value-added Statements of a State-owned Firm - B is less affected by the new emerging competition in the industry.

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