Questions and Topics We Can Help You To Answer:
THE COST OF BUILDING AN ECO-FRIENDLY HOME
Home builder KB Homes offers eco-friendly options for consumers interested in building a home with a minimized environmental footprint. To the surprise of KB Homes CEO Jeffrey T. Mezger, however, consumer adoption rates of these premium eco-friendly additions have been minimal. Develop and implement a solution for KB Homes using relevant concepts from the chapters and class discussions.
Marketing Cases Steps
} Analyze the firm and challenge (10%)
} Identify the problem (20%)
} Select a solution (20%)
} Implementation (40%)
} Metrics and Contingencies (10%)
Analyze the Firm and Challenges
} Current challenges facing the firm
} Internal challenges (weaknesses)
} External challenges (threats)
} Products or services
} Customers
} Value proposition
} Core competencies
} Position
} Market
} Industry
} Competition
Identify the Root Problem
} The root problem is deep
} Often underlies multiple problems
} Like a pile of rocks or an onion
} Make sure you address the single underlying problem, not just an outer layer of the onion
Select a Solution
} Consider multiple solutions to the problem
} Balance and weigh the solutions strengths and weaknesses, considering their ability to address the root problem directly
} The solution should
} Directly address the root problem
} Be feasible and realistic
} Leverage the company’s
} Internal advantages (strengths)
} External advantages (opportunities)
} Work within the company’s
} Core competencies
} Value proposition
} Residual effects
} What effects will the solution have on others?
} Environmental impact
} Community impact
} What might competitors do in response?
Develop an Implementation Strategy
} Cohesively execute the solution using
} Internal and external advantages
} Core competencies
} Value proposition
} Consider the approach to implementation
} Implementation process
} Time constraints
} Financial constraints
} Competitor responses
} Optimal outcome
Provide Metrics and Contingencies
} Performance metrics
} How do you measure the success vs. failure of the solution and implementation
} Contingency plans
} What do you recommend happen if the plan fails?