Product details

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Subject category: Marketing
Published by: Ivey Publishing
Originally published in: 2020
Version: 2020-11-23
Length: 8 pages
Data source: Field research

Abstract

Schiit Audio was a manufacturer of audio equipment in the Los Angeles, California area. The company, which mainly sold its products directly to consumers, experienced consistent growth in the years leading up to 2015. However, in the summer of 2015, the company's founder had three major issues to resolve. First, he was devoting half of his time to a marketing agency he had founded earlier and was increasingly feeling that the arrangement was inadequate to provide the leadership his audio company needed. Second, some suppliers were causing inventory and out-of-stock issues that made it difficult to deliver products to customers on time. Finally, selling products on Amazon Marketplace expanded the company's reach to new customers, but came with drawbacks, including lower margins, high fees, and inventory management difficulties. The founder had to make some decisions for the business venture's path forward.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.
Location:
Industry:
Size:
Small
Other setting(s):
2015

About

Abstract

Schiit Audio was a manufacturer of audio equipment in the Los Angeles, California area. The company, which mainly sold its products directly to consumers, experienced consistent growth in the years leading up to 2015. However, in the summer of 2015, the company's founder had three major issues to resolve. First, he was devoting half of his time to a marketing agency he had founded earlier and was increasingly feeling that the arrangement was inadequate to provide the leadership his audio company needed. Second, some suppliers were causing inventory and out-of-stock issues that made it difficult to deliver products to customers on time. Finally, selling products on Amazon Marketplace expanded the company's reach to new customers, but came with drawbacks, including lower margins, high fees, and inventory management difficulties. The founder had to make some decisions for the business venture's path forward.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.

Settings

Location:
Industry:
Size:
Small
Other setting(s):
2015

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