see attached LEGO Case Study Case studies are an essential learning strategy in business classes as they provide an

see attached

LEGO Case Study

Case studies are an essential learning strategy in business classes as they provide an opportunity for you to critically analyze events that have taken place in real-life businesses. This develops your critical thinking and research skills as you research the competition and industry in which your business resides in order to formulate a recommendation for the challenges faced by the company.

For this unit, review the Marketing Spotlight: LEGO case study in Chapter 5 of your textbook. This assignment will be comprised of two parts; one part will ask you to respond to questions, and the other will require you to complete a case analysis.

Part 1

Evaluate this case and respond to each of the following questions using both theory and practical managerial thinking.

· How does LEGO manage to constantly reinvent its business?

· What role did marketing research play in LEGO’s market success?

· What differentiates LEGO from its competitors? Is LEGO’s competitive advantage sustainable?

· Analyze how the company has built a strong customer relationship with their target market.

· Review any potential ethical implications with LEGO. How are they aligning with good ethical practices?

Your Part 1 response must be at least two pages in length. Follow APA Style when creating citations and references for this assignment. Note that you will submit Part 1 and Part 2 in one document.

Part 2

Complete a case analysis of LEGO. This requires that you conduct research on LEGO beyond the case study material in the textbook. In the case analysis, you will look at the situational analysis, problem, and alternatives, and you will provide a recommendation. Refer to the instructions below as you construct your analysis.

Situational Analysis

· Discuss the external environment through the compilation of a PEST (political, economic, sociocultural, and technology) analysis.

· Discuss the internal and external environment through the compilation of a SWOT (strengths, weaknesses, opportunities, and threats) analysis.

· Determine the next steps for a business after evaluating the current market position within an industry.

· Examine how data analytics support global marketing strategies.

Problem

· Identify at least one organizational problem that LEGO is currently having or one that you project it will have in the future. Base this on your research and critical thinking.

Alternatives

· Compile three or four potential marketing-related solutions to the problem above. Remember that these are potential alternatives; you will not select all of the alternatives to solve the problem.

Recommendation (Marketing Strategy)

· Select one or two of the alternatives above to solve the problem that you identified in this case analysis and determine marketing strategy solutions for a company. 

· Discuss your rationale for choosing these and not the others. Include supporting research that will increase the depth of your analysis and determine marketing strategy solutions for a company.

In order to successfully complete Part 2 of this case study, you need to review the video and task learning guides (TLGs) below. The following resources will provide you with the skills to research industries/competitors.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Improving Business Performance Week 3 Discussion Colleagues 1 Maria

Improving Business Performance Week 3 Discussion Colleagues 1 Maria Espenida, Detail and Dynamic Complexity in Inpatient Rehabilitation Facility Background Medicare (n.d.), covers patient-stay at inpatient rehabilitation facility who had at least 3 days stay in an inpatient hospital to be eligible for admission to rehabilitation facility.  Medicare covers for patients

Discussion Topic: Financial Forecasting Address the following prompts: · How can a company effectively integrate financial

Discussion Topic: Financial Forecasting Address the following prompts: · How can a company effectively integrate financial forecasting, asset valuation, and capital structure to build a strategic financial model that optimizes decision-making and minimizes tax impact? · Consider how each element—accurate forecasts, precise asset valuation, optimal debt-to-equity ratio, and tax strategy—can