The global rise of responsible investing in the last decades (boosted by the increasing debates around climate change, business ethics and distribution of wealth) urged the development of coherent and reliable methodologies gauging the effect of business on Environmental, Societal and Governance (ESG) aspects. However, existing ESG rating methods not only differs greatly among themselves, but they are also typically based on companies' own practices (outputs), not on the final impact (outcome). To measure the latter, a Geneva-based company called Impaakt developed a digital platform, using the 17 United Nations' Sustainable Development Goals (SDGs) as benchmark, engaging the collective intelligence of the global community (on a Wikipedia-like model) to achieve this ambitious goal. This case explores the strategies behind the design of such a platform, investigates the importance of scale and sides, and analyses to what extent social and environmental impact can be measured objectively.
A new analysis of the pandemic's effect on in-person shopping behaviors has resulted in an actionable framework to help brand owners and retailers understand and address the consumer needs and preferences of five retail customer segments. The authors suggest actions that retailers can take to better target each segment, whether the goal is to recapture former customers or retain new ones gained during the pandemic.
Aries Agro, an agribusiness firm, faced two prime challenges - the safety and productivity of its workers. When traditional software systems fell short of addressing these challenges, the firm contemplated the implementation of an IoT (Internet of things) based solution. This IoT based solution captures the movement of workmen and generates data from the sensors that help identify sources of inefficiency. In this case, we not only discuss the implementation challenges of an IoT based implementation but also how this solution can help to promote safety among the workmen and improve worker productivity by optimising facility layout.
In 2017, Chris Down, Global Brand General Manager for Hot Wheels, and his team from the Advanced Play Group within Mattel, Inc., were considering which innovation path to pursue in order to "future proof" the Hot Wheels franchise going forward. Hot Wheels was the number one selling toy in the world (by unit volume), however, play patterns among children were rapidly changing and children were moving on from physical toys to digital play at a younger and younger age. Hot Wheels needed to determine how to respond. One option considered was the development of a new "mixed-play" product that blended physical and digital play. While the mixed play idea was still at an early conceptual stage, it would likely involve embedding a chip into the Hot Wheels die-cast car, turning it into a "smart car" with its own unique identification. Users could play with the smart car in the physical world and on an app, thus offering an opportunity to also appeal to Hot Wheels consumers who were intrigued by digital play. Hot Wheels had made a number of forays into the digital space over the years, through licensing the brand to app and game developers and developing toys with some digital elements. The licensing strategy was low risk, low reward, and Mattel's own digital development had produced varied results, creating a culture hesitant to take big risks in the digital space. Down knew that a mixed play innovation would require a significant investment in time and resources. However, Hot Wheels parent company, Mattel Inc. had seen revenues and operating income drop for the past three years. It was unclear if Mattel's new CEO, Margo Georgiadis, would be supportive of the mixed play direction as the cornerstone of Hot Wheels' growth plan.
True North was a private equity fund that specialized in the growth and buyout of mid-market, India-centric companies. The leadership team initially believed that technology was not core to traditional businesses and steered clear of new age technology-oriented businesses. Then, in 2007, True North invested in Meru Cabs, a ride-sharing service with a growing fleet of cabs that had to change its business model with the launch of tech-based platforms like Uber. This experience led True North to significantly alter its stance on the importance of technology-powered business models. The team learned that all businesses needed to effectively become technology businesses to remain relevant. True North initiated the "Analytics, Algorithms and Artificial Intelligence" (3A) project. A system, Kelp, was designed and developed internally to facilitate the transformation of True North into an AI-first firm based on the introduction of data-driven decision making and productivity-enhancing digital tools. In 2020, as different elements of Kelp were launched, the leadership team met to discuss the future of this technology.
For Siba Mtongana, South African celebrity chef, the year 2020 was fraught with challenges and unknowns. Her brand was strong and she was certain it would survive. But as she fine-tuned her growth and innovation strategy in a shaky, unpredictable economy in the midst of the COVID-19 global pandemic, how should she plan for the future, in both the short-term and long-term?
This case follows Heather Grant as she begins her new role as manager of the Staunton, Virginia, branch of Loom & Ferris, a mid-sized call center specializing in printing, branding, and logos for corporate clients. As the new manager, Grant's role is to increase morale among her employees and to improve sales and productivity. She decides to spend her first week observing the call center and getting to know her new employees before making any decisions. Her arrival is not welcome to most of her employees, and she knows that because the company's sales are falling, she may have to fire some of them. Marcus Feeny, one of the employees, arrives late and unruly on Grant's first day, of which she takes notice. She recognizes him because he has the best sales numbers of anyone in the branch by far. Throughout the week, she observes Feeny to be consistently late, unkempt, and disruptive to his colleagues. His bad attitude does not go unnoticed by his colleagues. After a heated argument between Feeny and another employee, Grant calls him into her office to speak with him. She brings up his behavior and appearance at work, and he is immediately defensive and brings up his sales numbers. She recognizes that he sees himself as in the right, even though his colleagues believe that he is getting special treatment by being allowed to flout the office rules. At the end of her first week, Grant realizes that she will have to let some employees go to keep the branch afloat. She must decide the best course of action and whether or not Feeny should stay.
In 2018, ITC Hotels, a chain of luxury hotels based in India, achieved a distinct positioning with its branding, "ITC Hotels: Responsible Luxury." The company intended to communicate its image of being environmentally sustainable, responsible to the local communities and society, and responsible for the safety and comfort of guests and employees. This strategy shaped many of its operational decisions and processes. However, the executive director of ITC Hotels, felt cautiously optimistic about its positioning in the market. Could ITC Hotels succeed in balancing responsibility with luxury? Could this business strategy and positioning counter the intensifying competitive threats from India's other major luxury hotel chains?
In February 2020, Apple Inc. (Apple) was fighting litigation by one of the oldest patent troll firms (a non-practicing entity) in the United States, VirnetX Holding Corporation (VirnetX). VirnetX targeted innovative and cash rich firms and had begun to use specific US locations with patent troll-friendly courts as major hubs for filing litigation. For targets such as Apple, this meant resources intended for innovation were wasted in fighting legal battles. In collaboration with its competitors, Apple took several initiatives, including pre-emptive litigation and appeals to both the US and the European Union governments to improve patent laws and prevent patent trolling. How could Apple's chief executive officer encourage innovation at Apple amid patent trolling issues? What strategies should he take to fight against non-practicing entities?
In 2018, ITC Hotels, a chain of luxury hotels based in India, achieved a distinct positioning with its branding, “ITC Hotels: Responsible Luxury.” The company intended to communicate its image of being environmentally sustainable, responsible to the local communities and society, and responsible for the safety and comfort of guests and employees. This strategy shaped many of its operational decisions and processes. However, the executive director of ITC Hotels, felt cautiously optimistic about its positioning in the market. Could ITC Hotels succeed in balancing responsibility with luxury? Could this business strategy and positioning counter the intensifying competitive threats from India’s other major luxury hotel chains?
In February 2020, Apple Inc. (Apple) was fighting litigation by one of the oldest patent troll firms (a non-practicing entity) in the United States, VirnetX Holding Corporation (VirnetX). VirnetX targeted innovative and cash rich firms and had begun to use specific US locations with patent troll–friendly courts as major hubs for filing litigation. For targets such as Apple, this meant resources intended for innovation were wasted in fighting legal battles. In collaboration with its competitors, Apple took several initiatives, including pre-emptive litigation and appeals to both the US and the European Union governments to improve patent laws and prevent patent trolling. How could Apple’s chief executive officer encourage innovation at Apple amid patent trolling issues? What strategies should he take to fight against non-practicing entities?
Between 2015 and 2018, competitors in China's two-wheel e-vehicle industry were embroiled in a price war. Yadea Group Holdings decided to differentiate its brand from competitors and move away from further price reductions, opting instead to raise prices and adopt a distinctive high-end product strategy. It planned to offer its products to Tier 1 and Tier 2 cities in China, and to expand into the international market. With upgraded product and service offerings, the company was becoming a market leader in China's two-wheel e-vehicle industry. However, its founder was well aware that competitors would soon imitate the company’s high-end product strategy and could potentially overtake its market position. In the current Internet-based business environment, new sales and rental models were constantly emerging, which meant Yadea Group Holdings risked losing market share to both domestic competitors and international investors. Therefore, the founder decided that the company needed to choose between two potential five-year plan options for the future: take advantage of the existing market or take the lead in a new high-end market.
In July 2019, the founder and chief executive officer (CEO) of a one-year-old start-up in Los Angeles was reviewing the path forward with the company’s new technology platform. The product helped brand managers insert their brands virtually and in real time into television (TV) and movie scenes. With each placement customized to the individual habits and personal preferences of the viewer, virtual placement was a considerable improvement over physical placement of brands as permanent fixtures in TV plots and movie scenes. The technology represented a major disruption to the product placement industry. The company’s CEO needs to resolve three dilemmas to take Ryff forward. First, how should the company find its fit with large advertising agencies that operate in a traditional placement market? Second, how should the company convert traditional industry person-to-person interactions to interactions driven by software programs? Third, how should the company take its business global?
In November 2019, Saudi Arabia’s government officials and advisers had to decide whether or not to proceed with a plan to make the government-owned Saudi Arabian Oil Company (Aramco) a private company and list it on a stock exchange. At the time, Aramco was considered to be the most profitable company in the world. Therefore, its initial public offering would potentially be the largest in history. The company’s market capitalization would dwarf those of global giants Apple Inc. and Google LLC. Saudi Aramco managed the world’s largest oil reserves and had the world’s second-lowest cost of oil extraction. However, there were concerns about the targeted valuation of US$2 trillion. There were also various other questions to be answered: Should the government-owned Aramco become a private company? Was the timing right to list the company on a stock exchange? What fraction of shares should be offered to investors? How should the largest initial public offering in history be priced?
In July 2019, the founder and chief executive officer (CEO) of a one-year-old start-up in Los Angeles was reviewing the path forward with the company's new technology platform. The product helped brand managers insert their brands virtually and in real time into television (TV) and movie scenes. With each placement customized to the individual habits and personal preferences of the viewer, virtual placement was a considerable improvement over physical placement of brands as permanent fixtures in TV plots and movie scenes. The technology represented a major disruption to the product placement industry. The company's CEO needs to resolve three dilemmas to take Ryff forward. First, how should the company find its fit with large advertising agencies that operate in a traditional placement market? Second, how should the company convert traditional industry person-to-person interactions to interactions driven by software programs? Third, how should the company take its business global?
In November 2019, Saudi Arabia's government officials and advisers had to decide whether or not to proceed with a plan to make the government-owned Saudi Arabian Oil Company (Aramco) a private company and list it on a stock exchange. At the time, Aramco was considered to be the most profitable company in the world. Therefore, its initial public offering would potentially be the largest in history. The company's market capitalization would dwarf those of global giants Apple Inc. and Google LLC. Saudi Aramco managed the world's largest oil reserves and had the world's second-lowest cost of oil extraction. However, there were concerns about the targeted valuation of US$2 trillion. There were also various other questions to be answered: Should the government-owned Aramco become a private company? Was the timing right to list the company on a stock exchange? What fraction of shares should be offered to investors? How should the largest initial public offering in history be priced?
Between 2015 and 2018, competitors in China's two-wheel e-vehicle industry were embroiled in a price war. Yadea Group Holdings decided to differentiate its brand from competitors and move away from further price reductions, opting instead to raise prices and adopt a distinctive high-end product strategy. It planned to offer its products to Tier 1 and Tier 2 cities in China, and to expand into the international market. With upgraded product and service offerings, the company was becoming a market leader in China's two-wheel e-vehicle industry. However, its founder was well aware that competitors would soon imitate the company's high-end product strategy and could potentially overtake its market position. In the current Internet-based business environment, new sales and rental models were constantly emerging, which meant Yadea Group Holdings risked losing market share to both domestic competitors and international investors. Therefore, the founder decided that the company needed to choose between two potential five-year plan options for the future: take advantage of the existing market or take the lead in a new high-end market.