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 answer 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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