The lesson learned from this business is important to any business. By incorporating these concepts into an organizational strategy, businesses can leverage their current business model to solve real problems and realize cost savings that would not have been possible with traditional business practices.
A group of friends who had seen other companies on TV invited one of the members of the group to go see Groupon. There were ads on TV for free coupons that people could redeem on the website. The group agreed to do this because they wanted to experience what it was like to redeem a coupon and win a $500 prize.
When the group went to the website, they discovered that the company had a complicated membership page that promised an “experience” which in reality entailed giving up their privacy and agreeing to give away their contact information to the company. What they found was alarming and ended up frustrating the members of the group.
The case study taught a few things about how not to treat your potential customers on the Internet. To avoid having to deal with these issues in the future, you should consider going through a full business case analysis of your own to determine the best solution for your business.
The group realized that they could solve the problem by asking a strategic consultant to analyze their business. Based on the consultant’s findings, the group decided to create an online coupon for $50 for a large outdoor retail location that could then be redeemed by customers to win a prize. It turned out that the business model was not in alignment with their marketing strategy so they simply changed the focus to another customer.
The benefits of going through a business case analysis on a regular basis are staggering. After seeing what has happened to the business based on a case study, businesses should seriously consider doing the same on a regular basis.
While the Groupon Case Solution shows an example of how a business can solve its problems by going through a case study analysis, there are several other aspects that have a great impact on their business. Every business that plans to succeed in the future should look into a business case analysis as soon as possible in order to find out if the changes they are making today are going to make a difference in the future.
A successful business takes strategic planning requires a great deal of knowledge about your industry. Business systems are complex and when there is uncertainty in the future, it creates opportunities for business leaders to make decisions about the future.
The Groupon Case Solution case study demonstrates the importance of the SWOT Analysis process and the way that a business can use it to make strategic decisions. This system also helps the business to identify the assets that will survive into the future and it identifies those that will not.
When you implement a SWOT Analysis and when you develop a business case analysis for your business, you are becoming aware of your core business values. These core values provide the foundation for your business for the years to come and by using a SWOT Analysis, you become aware of what the business can be for the future.
In summary, a Case Study Solutions Company has done an outstanding job with Groupon. If you have a business in need of a case study solution, I highly recommend going through a Case Study Analysis to discover what you can do to save money and make more money.