1000 words

Case#3 Speed Bump 2

Case Study
Speed Bump (Questions and answers)
By: ABC
Date

Case#3 Speed Bump 2
What strategic challenges does one assume Brain France forces as he guides his company? exploitation what you recognize concerning managing strategically, however would possibly he answer these changes?
Brain France is CEO and chairman of NASCAR. One vital challenge that he’s facing is decline in its rating and recognition. once the death of noted automotive racer, it faces difficulties in maintain its position. it had been difficult for Brain France to boost ad specialize in safety needs of drivers. it’s facing challenges of decline in rating. it’s declined in its support and group action. Strategic selections ar vital to require at this level to redevelop its image in customers. He must take selections on safety of drivers. Safety barriers ought to be put in on the oval tracks to safeguard athletics. automotive of tomorrow is its vital strategic call. Company ought to work on this automotive by maintain safety needs in mind. It will increase its quality by advertising its safety campaigns for race drivers. It ought to specialize in testing before launching a automotive. New and strict compliance of safety rules ought to be created to boost its position. Company ought to amendment its ways and targeted on safety of its customers as most significant would like. coming up with of automotive ought to be modified towards atmosphere friendly producing.
Look at the goal the highest management team have for company. What ar the implications of the company strategy? however concerning for the opposite structure strategies?
Top management was having objective of constructing racing noted in fans. it had been objective of company to grow its business by strengthening fans and creating it enticing to individuals. company ways ought to embrace all those challenges that company is facing. once analyzing challenges, it ought to seek for various means that and selections. Best call ought to be chosen. It ought to examine competitor’s ways. It ought to invest on safety measures. this modification management policy ought to be communicated to all or any levels of company. would like of this ever-changing ought to be communicated to people who discouraged this modification. It ought to work on selling activities connected with new ever-changing within the model and coming up with of automotive structure. It ought to conjointly attract its sponsors by proving them best results as compared to competitors. It ought to give coaching and guideline to its technical team. It will improve its ways by doing its current SWOT analysis. It ought to embrace this SWOT analysis in strategic implementation. It ought to conjointly embrace tormenter analysis before implementing a replacement strategy or call.
The success of NASCAR depends on its ability to satisfy the race groups, the drivers, advertisers, sponsors and customers. What are the implications for the corporate because it formulates acceptable strategies?
Yes, success of company depends on its stakeholders. For NASCAR, stakeholders are drivers, athletics groups, advertisers and sponsors. It ought to implement ways by keeping in mind it’s all stakeholders. It ought to satisfy its race team to draw in a lot of groups. It ought to analyze communication of sports with fans. It ought to attract athletics groups by giving them high margin in revenue. No doubt, drivers are lifeblood for company. Driver’s safety would like ought to be consummated to extend its quality. It ought to attract proficient drivers for race. It ought to communicate with its stakeholders for discussing current scenario and coming up with fort future. It ought to resolve conflicting views of individuals with its best ways. ways of company ought to be supported current and incoming things. Risk ought to be reduced by implementing risk management ways.
What company strategy analysis tools would possibly you suggested for NASCAR? justify your decisions.
Strategy ought to be versatile enough to alter with the necessity. each strategy desires analysis for creating additional enhancements. totally {different completely different} corporations have different analysis tool. NASCAR conjointly must develop analysis tools for scrutiny results and output with the calculable output and results. It ought to judge its strategy by analyzing its improvement in revenue and support. It will analyze completely different between its quality before and once implementing strategy. Safety desires ought to be evaluated to investigate enhancements in accidents and severe have an effect on. Performance analysis tools ought to be wont to build enhancements. programming modals ought to be used for analyzing speed and temporal order of allotted tasks. These analysis tools are employed by NASCAR for creating enhancements in its existing ways. It ought to judge ways performance on monthly basis.