Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help on how to do this case as ; A MEMO FORMAT' and the Problem statement OF CASE STUDY this is the case

I need help on how to do this case as ;A MEMO FORMAT' and the Problem statement OF CASE STUDY

this is the case below.

CASE STUDY

Established in 1934, the iconic plastic bricks, LEGO (meaning 'play well'), are fixtures in innumerable homes around the globe and, today, LEGO is considered to be one of the world's most valuable toy brands. From its early days manufacturing simple plastic bricks, The LEGO Group has expanded to include theme parks, movies, games and merchandise in its product portfolio. The company's mission is to 'inspire and develop the builders of tomorrow'. As the business diversified, a greater range of physical and entertainment products entered the product mix to capture the imagination of children worldwide. But it is not only children that the brand targets today. Recognising the nostalgia and brand loyalty among adult fans of the product, not to mention their role as purchasers for children, in recent years the LEGO brand has expanded its marketing strategy to connect more deeply with adults. With the LEGO Experts range, the LEGO Friends line targeting Gen X and the co-created LEGO Ideas range, more-mature builders are reinforcing LEGO's enduring power as a brand. Today, LEGO is even used in organisations to support innovative thinking and to enhance the development of business strategy. LEGO SERIOUS PLAY is a workshop concept based on a reflective process, and utilising LEGO bricks to encourage deep thinking in a group setting. As participants build models they develop stories and play out different scenarios - a process designed to stimulate creativity and team building. Run by trained facilitators in a work environment, LEGO SERIOUS PLAY brings a new element to strategy development, and a new direction for LEGO itself.17

1) Conduct research on The LEGO Group to learn more about its products and services. Has the range expanded too far? Discuss. (AACSB: Communication; Reflective Thinking)

2) How are LEGO's brand values reflected in the products and services the company offers? Go to the LEGO website () to explore these values and brand promises, and consider whether these are being met through the organisation's current strategies. (AACSB: Communication; Reflective Thinking)

References: Armstrong, Gary, et al. Principles of Marketing. Available from: VitalSource Bookshelf, (8th Edition). Pearson Australia, 2020.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Retailing Management

Authors: Michael Levy, Barton Weitz, Dea Watson

4th Canadian Edition

70893209, 978-0070893207

More Books

Students also viewed these Marketing questions

Question

What are the stages of project management? Write it in items.

Answered: 1 week ago