Paddle8 Painting a New Picture of the Art Market

Harvard Business Case Studies Solutions - Consignment Help

Paddle8: Painting a New Motion picture of the Art Market is a Harvard Business (HBR) Case Study on Innovation & Entrepreneurship , Fern Fort University provides HBR case written report assignment help for just $11. Our case solution is based on Example Study Method expertise & our global insights.

Innovation & Entrepreneurship Case Study | Authors :: Mukti Khaire

Case Study Description

The Paddle8 case is a brusk case that presents the thought for a new business concern in the global art market and asks students to evaluate whether it will work, given the structure and unique workings of the art market. Paddle8 is a New York-based startup that partners with well-known galleries to offer fine art works from their collections for sale on the Paddle8 website to carefully selected, globally-dispersed members. The firm aims to assist galleries overcome their geographic limitations and to make art more accessible to a broad range of new collectors with the assist of its technology platform. The question is: will this succeed in the context of the art market where sectional access is a prime driver of value?

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[ten Steps] Example Study Analysis & Solution

--companyname-- hbr case study solutions & analysis

Footstep 1 - Reading upwards Harvard Business Review Fundamentals on the Innovation & Entrepreneurship

Fifty-fifty before you lot offset reading a business case study only brand sure that you take brushed upwardly the Harvard Business organisation Review (HBR) fundamentals on the Innovation & Entrepreneurship. Brushing upwardly HBR fundamentals will provide a strong base for investigative reading. Oftentimes readers browse through the business case study without having a articulate map in mind. This leads to unstructured learning process resulting in missed details and at worse wrong conclusions. Reading up the HBR fundamentals helps in sketching out business case report analysis and solution roadmap even earlier you lot start reading the case study. It also provides starting ideas as fundamentals often provide insight into some of the aspects that may not be covered in the business organisation case study itself.

Pace 2 - Reading the Paddle8: Painting a New Picture of the Art Market HBR Case Report

To write an emphatic case study analysis and provide pragmatic and actionable solutions, yous must take a strong grasps of the facts and the central problem of the HBR example study. Begin slowly - underline the details and sketch out the business instance study description map. In some cases you will able to find the key problem in the beginning itself while in others it may be in the terminate in form of questions. Business organization case report paragraph past paragraph mapping will help you lot in organizing the information correctly and provide a clear guide to go dorsum to the instance study if yous need further information.
My example study strategy involves -

Marker out the protagonist and cardinal players in the case report from the very beginning.
Drawing a motivation nautical chart of the primal players and their priorities from the case study clarification.
Refine the primal trouble the protagonist is facing in the case and how it relates to the HBR fundamentals on the topic.
Evaluate each detail in the case study in light of the HBR case study analysis cadre ideas.

Step three - Paddle8: Painting a New Motion picture of the Art Market Instance Written report Assay

In one case you are comfortable with the details and objective of the business example study go on forrad to put some details into the analysis template. You can practice business organisation example study analysis past following Fern Fort University footstep by step instructions -

Company history is provided in the first half of the instance. Yous tin can use this history to describe a growth path and illustrate vision, mission and strategic objectives of the organization. Often history is provided in the case not merely to provide a background to the problem but too provide the scope of the solution that y'all can write for the case study.
HBR instance studies provide anecdotal instances from managers and employees in the arrangement to requite a experience of real situation on the ground. Use these instances and opinions to mark out the arrangement's civilisation, its people priorities & inhibitions.
Make a time line of the events and issues in the case report. Fourth dimension line can provide the clue for the adjacent step in organisation'southward journeying. Time line too provides an insight into the progressive challenges the company is facing in the case study.

Step iv - SWOT Analysis of Paddle8: Painting a New Picture show of the Fine art Market place

Once you lot finished the case analysis, time line of the events and other disquisitional details. Focus on the following -

Zip down on the cardinal problem and ii to v related bug in the case written report.
Exercise the SWOT analysis of the Paddle8: Painting a New Picture of the Art Market . SWOT analysis is a strategic tool to map out the strengths, weakness, opportunities and threats that a business firm is facing.
SWOT assay and SWOT Matrix volition aid you to conspicuously mark out - Strengths Weakness Opportunities & Threats that the arrangement or manager is facing in the Paddle8: Painting a New Picture of the Art Marketplace
SWOT assay volition also provide a priority list of problem to be solved.
You lot can also exercise a weighted SWOT analysis of Paddle8: Painting a New Picture of the Art Market HBR case written report.

Step 5 - Porter 5 Forces / Strategic Analysis of Manufacture Analysis Paddle8: Painting a New Flick of the Art Market

In our live classes we ofttimes come across business organization managers who pinpoint 1 problem in the instance and build a example study assay and solution effectually that singular signal. Business environments are ofttimes complex and require holistic solutions. You should try to understand non merely the organization simply also the industry which the business operates in. Porter Five Forces is a strategic analysis tool that will help you lot in agreement the relative powers of the key players in the business case study and what sort of pragmatic and actionable case study solution is feasible in the light of given facts.

Step six - PESTEL, PEST / STEP Analysis of Paddle8: Painting a New Flick of the Art Market

Some other way of understanding the external environment of the house in Paddle8: Painting a New Picture of the Fine art Marketplace is to exercise a PESTEL - Political, Economic, Social, Technological, Environmental & Legal analysis of the environs the firm operates in. Yous should make a list of factors that accept significant impact on the organization and factors that drive growth in the industry. You can even identify the source of firm's competitive advantage based on PESTEL analysis and Organization's Core Competencies.

Step 7 - Organizing & Prioritizing the Analysis into Paddle8: Painting a New Picture of the Fine art Market Case Report Solution

Once you have developed multipronged approach and work out various suggestions based on the strategic tools. The adjacent step is organizing the solution based on the requirement of the case. You can use the following strategy to organize the findings and suggestions.

Build a corporate level strategy - organizing your findings and recommendations in a way to answer the larger strategic objective of the firm. It include using the analysis to reply the company's vision, mission and key objectives , and how your suggestions will take the company to next level in achieving those goals.
Business Unit Level Solution - The example study may put you in a position of a marketing manager of a small brand. And then instead of providing recommendations for overall company you lot demand to specify the marketing objectives of that particular make. You have to recommend business concern unit level recommendations. The scope of the recommendations will be limited to the particular unit of measurement but yous have to take intendance of the fact that your recommendations are don't directly contradict the company's overall strategy. For example you can recommend a low cost strategy just the visitor cadre competency is design differentiation.
Case study solutions can likewise provide recommendation for the business concern manager or leader described in the business case report.

Footstep 8 -Implementation Framework

The goal of the business organisation case study is non only to identify problems and recommend solutions but also to provide a framework to implement those example study solutions. Implementation framework differentiates expert case study solutions from great case study solutions. If you able to provide a detailed implementation framework then you have successfully accomplished the following objectives -

Detailed understanding of the case,
Clarity of HBR case report fundamentals,
Analyzed case details based on those fundamentals and
Developed an ability to prioritize recommendations based on probability of their successful implementation.

Implementation framework helps in weeding out non actionable recommendations, resulting in awesome Paddle8: Painting a New Picture of the Art Market case study solution.

Step 9 - Take a Break

In one case you finished the case study implementation framework. Take a small interruption, grab a cup of coffee or whatever you like, go for a walk or but shoot some hoops.

Step 10 - Critically Examine Paddle8: Painting a New Picture of the Art Market instance study solution

After refreshing your mind, read your case study solution critically. When we are writing case study solution we often take details on our screen too equally in our head. This leads to either missing details or poor sentence structures. Once refreshed get through the case solution again - improve sentence structures and grammar, double check the numbers provided in your assay and question your recommendations. Be very slow with this process as rushing through information technology leads to missing key details. In one case done it is time to hitting the attach button.

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