Stick to the Core or Go For More Case Study
Stick to the Core or Go For More Case Study Advaark, a highly successful New York based ad company, struggles with the decision on whether or not to grow their company by adding a new service. Advaark’s founders, Ian Rafferty and George Caldwell, quarrel over the decision to expand. Rafferty believes that expanding is an excellent opportunity, while Caldwell believes that adding a new service means the company will lose track of their original goals. This analysis describes why Advaark should expand and explains how the company can address any problems that follow. Advaark has a couple of good decisions that they could make. The company has been highly successful in the past by sticking to the strategy they developed on day one. It would be possible for them to do nothing and stay on the road they have chosen. Another solution would be to follow Rafferty’s idea and add a new service on to the company that consults with other companies on business strategies. Advaark’s best decision would be to add a new service. The added service could provide many new connections with companies that would be interested in more ad campaigns in the future. Advaark would be able to recommend product ideas to companies and then have the ability to produce the ads for the new product. The new service would complement Adaark’s already successful ad service. There are risks that come with adding a new service and adjustments they would need to make. Advaark would have to hire and train new employees for the service. Advaark could potentially alienate themselves from the strategy consultants who regularly refer clients to them. Advaark would be able to address these risks by growing into a larger company, adjusts the costs of services accordingly, and maintain good margins. Growing into a larger company would allow Advaark to be noticed by more clients who are looking for both advice and an ad campaign. Rafferty researched the data on marketing strategy services market and