Discuss on Strategic Management
You need read the case carefully and follow the outline and instruction write a 200 words answer. Read the ppt carefully and understand what is ERRC and must write with ERRC and follow the outline, and asnwer all the outline .
Question: Apply the ERRC framework to Marvel Studios and the way they set up the business (set this up as a figure and explanations). Explain also how those ERRC choices allowed them to break the cost-value tradeoff.
Outline
1.ERRC – Eliminate, Reduce, Raise, Create
Eliminate
-wasteful spending
Reduce
-movies produced by outside studios
Raise
-corporate culture → innovation
Create
-create value in storytelling and relatable characters
2.Choices lead to break cost-value tradeoff
-reduce cost
-increased value
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