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By-
                                                                               Praveen Sidola


                                     Turner test Prep Co.
Situation Analysis

Case is related with a “Resource based View entrepreneurship”, Jessica a significant good student
but discarded by corporate fortunately found that she is good in teaching. So with this input, a
business plan & with the help of local venture capital firm she started coaching institute.

Turner test Prep Co. helps students to prepare for CPA exam which gives competitive advantage,
even though the institute in doing well but only able to capture 10% of the market share.

Primary Problem

No prior Market research- she was not focussed on being an entrepreneur, thus she had no
knowledge about the market and she did not go for market research also which lacked the basic
advantages to be more competitive than her competitors.

Secondary Problem

Even though 3 years have been completed, the institute is not able to achieve its breakeven point

Small market share

SWOT Analysis of organization

Strength

excellent performance

Weakness

Higher fees Structure

High operational cost

Opportunity

Huge market

Threat

High competition

Substitute methodology
Character analysis

Strength of Jessica- A good student / teacher

Weakness - Poor to prove her capability

    •   Generation of alternatives
        Market research
        Achieve breakeven point
        Increment in market share


Suggestions from the options generated

        No prior Market research

    It is clear from the case that there is no prior market research connected before establish the
    institute

    Option

    So, even though it is the 3rd year there is a need of identify the customer need perception

    Solution

    Feed back from existing student

    Survey in other institution as well as corporate

        Even though 3 years have been completed, the institute is not able to achieve breakeven
        point

    Option

    Control operational cost

    Solution

    Use the sheared resources

    Have a partnership plan with faculty on the basis of profit loss sharing

        Small market share

    Option

    Fees reduction

    Solution

    A fee is slightly higher then competitor, so as a new entrance either fees should be less or equal
    to the competitor is proposed.
Reduction of fees will increase the strength of student so revenue issue will resolve

    •   best solution
        Market research
    •   Learning from the case

My understanding from the case is, even though you have good resource but there is a need of
market research before its commercialisation.

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Turner test prep co

  • 1. By- Praveen Sidola Turner test Prep Co. Situation Analysis Case is related with a “Resource based View entrepreneurship”, Jessica a significant good student but discarded by corporate fortunately found that she is good in teaching. So with this input, a business plan & with the help of local venture capital firm she started coaching institute. Turner test Prep Co. helps students to prepare for CPA exam which gives competitive advantage, even though the institute in doing well but only able to capture 10% of the market share. Primary Problem No prior Market research- she was not focussed on being an entrepreneur, thus she had no knowledge about the market and she did not go for market research also which lacked the basic advantages to be more competitive than her competitors. Secondary Problem Even though 3 years have been completed, the institute is not able to achieve its breakeven point Small market share SWOT Analysis of organization Strength excellent performance Weakness Higher fees Structure High operational cost Opportunity Huge market Threat High competition Substitute methodology
  • 2. Character analysis Strength of Jessica- A good student / teacher Weakness - Poor to prove her capability • Generation of alternatives Market research Achieve breakeven point Increment in market share Suggestions from the options generated No prior Market research It is clear from the case that there is no prior market research connected before establish the institute Option So, even though it is the 3rd year there is a need of identify the customer need perception Solution Feed back from existing student Survey in other institution as well as corporate Even though 3 years have been completed, the institute is not able to achieve breakeven point Option Control operational cost Solution Use the sheared resources Have a partnership plan with faculty on the basis of profit loss sharing Small market share Option Fees reduction Solution A fee is slightly higher then competitor, so as a new entrance either fees should be less or equal to the competitor is proposed.
  • 3. Reduction of fees will increase the strength of student so revenue issue will resolve • best solution Market research • Learning from the case My understanding from the case is, even though you have good resource but there is a need of market research before its commercialisation.