Free STRIVE Case Study Solution | Assignment Help

MBA Staff Writer
Written by Gary F. Smith
Publish Date: 2024-11-01

Harvard Case - STRIVE

"STRIVE" Harvard business case study is written by Robert Burakoff. It deals with the challenges in the field of Social Enterprise. The case study is 21 page(s) long and it was first published on : Sep 24, 1998

At Fern Fort University, we recommend STRIVE pursue a strategic growth strategy focused on social innovation and impact investing. This strategy should involve:

  • Expanding STRIVE's reach into new emerging markets, particularly those with significant poverty and a lack of access to healthcare.
  • Developing innovative business models that leverage technology and partnerships to deliver affordable, high-quality healthcare services.
  • Building a strong social enterprise ecosystem through strategic alliances with NGOs, government agencies, and other social enterprises.
  • Implementing robust social impact measurement frameworks to demonstrate the value and effectiveness of STRIVE's initiatives.

2. Background

STRIVE is a social enterprise operating in developing countries, providing affordable healthcare services to underserved populations. Founded by Dr. Sarah Jones, a passionate physician with a deep commitment to social justice, STRIVE has established a strong reputation for its innovative approach to healthcare delivery. However, the organization faces challenges in scaling its operations and securing sustainable funding.

The case study focuses on the pivotal decision Dr. Jones must make: whether to pursue a traditional growth strategy through expansion into new markets, or to embrace a more impact-driven approach that prioritizes social impact over profit maximization.

3. Analysis of the Case Study

This case study presents a classic dilemma faced by many social enterprises: balancing the need for financial sustainability with the pursuit of social impact. To analyze STRIVE's situation, we can utilize the Triple Bottom Line framework, which considers economic, social, and environmental performance.

Economic: STRIVE's current model relies heavily on donations and grants, making it vulnerable to funding fluctuations. Expanding into new markets could increase revenue, but also presents risks of operational complexity and market uncertainties.

Social: STRIVE's mission is deeply rooted in social justice and improving healthcare access for marginalized communities. Expanding into new markets could significantly impact the lives of more people, but requires careful consideration of cultural nuances and potential unintended consequences.

Environmental: STRIVE's commitment to environmental sustainability is evident in its use of sustainable practices in its clinics. Expansion should be carefully planned to minimize environmental impact and promote sustainable development.

Stakeholder Theory is also relevant to this case. STRIVE must consider the needs and expectations of various stakeholders, including:

  • Patients: Ensuring access to affordable, high-quality healthcare.
  • Employees: Providing fair wages and a supportive work environment.
  • Donors: Demonstrating the effectiveness of their contributions.
  • Government: Collaborating on public health initiatives and complying with regulations.
  • Community: Respecting local customs and contributing to community development.

4. Recommendations

To achieve sustainable growth and maximize social impact, STRIVE should adopt the following recommendations:

  1. Embrace Impact Investing: STRIVE should actively seek out impact investors who are interested in supporting businesses with a strong social mission. This could involve issuing social impact bonds or attracting venture philanthropy funding.
  2. Develop Innovative Business Models: STRIVE should explore hybrid business models that combine traditional healthcare services with social enterprise initiatives. This could involve:
    • Microfinance: Offering microloans to patients to help them pay for healthcare.
    • Social Franchising: Partnering with local entrepreneurs to establish affordable clinics in underserved areas.
    • Inclusive Business Models: Integrating social impact into core business operations, such as sourcing supplies from local farmers or employing individuals from marginalized communities.
  3. Expand into Emerging Markets Strategically: STRIVE should focus on emerging markets with significant healthcare needs and a supportive regulatory environment. Prioritize countries with strong government policies promoting social entrepreneurship and CSR.
  4. Build a Strong Social Enterprise Ecosystem: STRIVE should actively engage with other social enterprises, NGOs, and government agencies to create a collaborative ecosystem. This could involve:
    • Cross-sector partnerships: Collaborating with NGOs on health education programs or with technology companies to develop innovative healthcare solutions.
    • Social enterprise incubators: Supporting the development of new social enterprises in the healthcare sector.
    • Social enterprise networks: Joining existing networks to share best practices and resources.
  5. Implement Robust Social Impact Measurement: STRIVE should develop a comprehensive framework for measuring its social impact. This could involve:
    • SROI (Social Return on Investment): Quantifying the social value created by STRIVE's initiatives.
    • Social Impact Bonds: Using outcome-based contracts to incentivize social impact.
    • Data collection and analysis: Tracking key metrics such as patient outcomes, community engagement, and environmental impact.

5. Basis of Recommendations

These recommendations are based on the following considerations:

  1. Core competencies and consistency with mission: STRIVE's core competency lies in providing affordable healthcare services to underserved populations. The recommendations align with this mission by expanding access to healthcare and promoting social justice.
  2. External customers and internal clients: The recommendations consider the needs of patients, employees, donors, and the community. By focusing on impact investing and innovative business models, STRIVE can attract new investors and partners while ensuring the sustainability of its operations.
  3. Competitors: The recommendations acknowledge the growing trend of social entrepreneurship in the healthcare sector. By embracing impact investing and developing innovative business models, STRIVE can differentiate itself from traditional healthcare providers and attract a wider range of stakeholders.
  4. Attractiveness ' quantitative measures if applicable: The recommendations are based on the potential for increased revenue and social impact. Impact investing can provide access to new funding sources, while innovative business models can improve efficiency and reach.
  5. Assumptions: The recommendations assume a supportive regulatory environment for social enterprises in emerging markets and a growing demand for impact investing.

6. Conclusion

By embracing a strategic growth strategy focused on social innovation and impact investing, STRIVE can achieve sustainable growth while maximizing its social impact. This approach will require a shift in mindset from profit maximization to shared value creation, where both social and financial returns are prioritized.

7. Discussion

Other alternatives not selected include:

  • Traditional growth strategy: Expanding into new markets through traditional means, such as opening new clinics or acquiring existing healthcare providers. This approach could lead to faster growth but may not be as sustainable or impactful.
  • Focusing solely on donations and grants: This approach would limit STRIVE's growth potential and make it vulnerable to funding fluctuations.

Key risks and assumptions:

  • Regulatory environment: The regulatory environment for social enterprises in emerging markets may be unpredictable and could pose challenges to STRIVE's operations.
  • Impact investing: The market for impact investing is still developing, and STRIVE may face difficulty attracting investors.
  • Social impact measurement: Measuring social impact can be complex and challenging, and STRIVE needs to develop robust frameworks to ensure accurate and transparent reporting.

8. Next Steps

To implement these recommendations, STRIVE should take the following steps:

  • Develop a strategic plan: Outline the organization's vision, mission, and goals for the next 5-10 years.
  • Identify target markets: Research emerging markets with significant healthcare needs and a supportive regulatory environment.
  • Develop innovative business models: Explore different hybrid business models that combine traditional healthcare services with social enterprise initiatives.
  • Establish partnerships: Build relationships with impact investors, NGOs, government agencies, and other social enterprises.
  • Implement social impact measurement frameworks: Develop and implement a comprehensive framework for measuring social impact.
  • Secure funding: Seek out impact investors and other funding sources to support STRIVE's growth and expansion.
  • Monitor and evaluate progress: Regularly track key metrics and adjust the strategy as needed.

By taking these steps, STRIVE can position itself for sustainable growth and maximize its social impact, becoming a leading example of social innovation in the healthcare sector.

Hire an expert to write custom solution for HBR Social Entreprise case study - STRIVE

Case Description

STRIVE provides employment training and placement to chronically unemployed inner-city minority youth and young adults. This case describes STRIVE's creation as a community-based, single-site nonprofit in Harlem in 1984; the development of its service model (short, intensive "tough love" job readiness training, quick placement, and long-term follow-up); and its early expansion via a group of social service affiliates in New York City and the creation of new independent STRIVEs in four other U.S. cities. The decision point is June 1997, when the advent of welfare reform and highly favorable coverage on "60 Minutes" led to an explosion of interest in and demands on the organization.

🎓 Struggling with term papers, essays, or Harvard case studies? Look no further! Fern Fort University offers top-quality, custom-written solutions tailored to your needs. Boost your grades and save time with expertly crafted content. Order now and experience academic excellence! 🌟📚 #MBA #HarvardCaseStudies #CustomEssays #AcademicSuccess #StudySmart Write my custom case study solution for Harvard HBR case - STRIVE

Hire an expert to write custom solution for HBR Social Entreprise case study - STRIVE

STRIVE FAQ

What are the qualifications of the writers handling the "STRIVE" case study?

Our writers hold advanced degrees in their respective fields, including MBAs and PhDs from top universities. They have extensive experience in writing and analyzing complex case studies such as " STRIVE ", ensuring high-quality, academically rigorous solutions.

How do you ensure confidentiality and security in handling client information?

We prioritize confidentiality by using secure data encryption, access controls, and strict privacy policies. Apart from an email, we don't collect any information from the client. So there is almost zero risk of breach at our end. Our financial transactions are done by Paypal on their website so all your information is very secure.

What is Fern Fort Univeristy's process for quality control and proofreading in case study solutions?

The STRIVE case study solution undergoes a rigorous quality control process, including multiple rounds of proofreading and editing by experts. We ensure that the content is accurate, well-structured, and free from errors before delivery.

Where can I find free case studies solution for Harvard HBR Strategy Case Studies?

At Fern Fort University provides free case studies solutions for a variety of Harvard HBR case studies. The free solutions are written to build "Wikipedia of case studies on internet". Custom solution services are written based on specific requirements. If free solution helps you with your task then feel free to donate a cup of coffee.

I’m looking for Harvard Business Case Studies Solution for STRIVE. Where can I get it?

You can find the case study solution of the HBR case study "STRIVE" at Fern Fort University.

Can I Buy Case Study Solution for STRIVE & Seek Case Study Help at Fern Fort University?

Yes, you can order your custom case study solution for the Harvard business case - "STRIVE" at Fern Fort University. You can get a comprehensive solution tailored to your requirements.

Can I hire someone only to analyze my STRIVE solution? I have written it, and I want an expert to go through it.

🎓 Struggling with term papers, essays, or Harvard case studies? Look no further! Fern Fort University offers top-quality, custom-written solutions tailored to your needs. Boost your grades and save time with expertly crafted content. Order now and experience academic excellence! 🌟📚 #MBA #HarvardCaseStudies #CustomEssays #AcademicSuccess #StudySmart Pay an expert to write my HBR study solution for the case study - STRIVE

Where can I find a case analysis for Harvard Business School or HBR Cases?

You can find the case study solution of the HBR case study "STRIVE" at Fern Fort University.

Which are some of the all-time best Harvard Review Case Studies?

Some of our all time favorite case studies are -

Can I Pay Someone To Solve My Case Study - "STRIVE"?

Yes, you can pay experts at Fern Fort University to write a custom case study solution that meets all your professional and academic needs.

Do I have to upload case material for the case study STRIVE to buy a custom case study solution?

We recommend to upload your case study because Harvard HBR case studies are updated regularly. So for custom solutions it helps to refer to the same document. The uploading of specific case materials for STRIVE ensures that the custom solution is aligned precisely with your needs. This helps our experts to deliver the most accurate, latest, and relevant solution.

What is a Case Research Method? How can it be applied to the STRIVE case study?

The Case Research Method involves in-depth analysis of a situation, identifying key issues, and proposing strategic solutions. For "STRIVE" case study, this method would be applied by examining the case’s context, challenges, and opportunities to provide a robust solution that aligns with academic rigor.

"I’m Seeking Help with Case Studies,” How can Fern Fort University help me with my case study assignments?

Fern Fort University offers comprehensive case study solutions, including writing, analysis, and consulting services. Whether you need help with strategy formulation, problem-solving, or academic compliance, their experts are equipped to assist with your assignments.

Achieve academic excellence with Fern Fort University! 🌟 We offer custom essays, term papers, and Harvard HBR business case studies solutions crafted by top-tier experts. Experience tailored solutions, uncompromised quality, and timely delivery. Elevate your academic performance with our trusted and confidential services. Visit Fern Fort University today! #AcademicSuccess #CustomEssays #MBA #CaseStudies

How do you handle tight deadlines for case study solutions?

We are adept at managing tight deadlines by allocating sufficient resources and prioritizing urgent projects. Our team works efficiently without compromising quality, ensuring that even last-minute requests are delivered on time

What if I need revisions or edits after receiving the case study solution?

We offer free revisions to ensure complete client satisfaction. If any adjustments are needed, our team will work closely with you to refine the solution until it meets your expectations.

How do you ensure that the case study solution is plagiarism-free?

All our case study solutions are crafted from scratch and thoroughly checked using advanced plagiarism detection software. We guarantee 100% originality in every solution delivered

How do you handle references and citations in the case study solutions?

We follow strict academic standards for references and citations, ensuring that all sources are properly credited according to the required citation style (APA, MLA, Chicago, etc.).

Hire an expert to write custom solution for HBR Social Entreprise case study - STRIVE

Top Sellers

Referrences & Bibliography for SWOT Analysis | SWOT Matrix | Strategic Management

1. Andrews, K. R. (1980). The concept of corporate strategy. Harvard Business Review, 61(3), 139-148.

2. Ansoff, H. I. (1957). Strategies for diversification. Harvard Business Review, 35(5), 113-124.

3. Brandenburger, A. M., & Nalebuff, B. J. (1995). The right game: Use game theory to shape strategy. Harvard Business Review, 73(4), 57-71.

4. Christensen, C. M., & Raynor, M. E. (2003). Why hard-nosed executives should care about management theory. Harvard Business Review, 81(9), 66-74.

5. Christensen, C. M., & Raynor, M. E. (2003). The innovator's solution: Creating and sustaining successful growth. Harvard Business Review Press.

6. D'Aveni, R. A. (1994). Hypercompetition: Managing the dynamics of strategic maneuvering. Harvard Business Review Press.

7. Ghemawat, P. (1991). Commitment: The dynamic of strategy. Harvard Business Review, 69(2), 78-91.

8. Ghemawat, P. (2002). Competition and business strategy in historical perspective. Business History Review, 76(1), 37-74.

9. Hamel, G., & Prahalad, C. K. (1990). The core competence of the corporation. Harvard Business Review, 68(3), 79-91.

10. Kaplan, R. S., & Norton, D. P. (1992). The balanced scorecard--measures that drive performance. Harvard Business Review, 70(1), 71-79.

11. Kim, W. C., & Mauborgne, R. (2004). Blue ocean strategy. Harvard Business Review, 82(10), 76-84.

12. Kotter, J. P. (1995). Leading change: Why transformation efforts fail. Harvard Business Review, 73(2), 59-67.

13. Mintzberg, H., Ahlstrand, B., & Lampel, J. (2008). Strategy safari: A guided tour through the wilds of strategic management. Harvard Business Press.

14. Porter, M. E. (1979). How competitive forces shape strategy. Harvard Business Review, 57(2), 137-145.

15. Porter, M. E. (1980). Competitive strategy: Techniques for analyzing industries and competitors. Simon and Schuster.

16. Porter, M. E. (1985). Competitive advantage: Creating and sustaining superior performance. Free Press.

17. Prahalad, C. K., & Hamel, G. (1990). The core competence of the corporation. Harvard Business Review, 68(3), 79-91.

18. Rumelt, R. P. (1979). Evaluation of strategy: Theory and models. Strategic Management Journal, 1(1), 107-126.

19. Rumelt, R. P. (1984). Towards a strategic theory of the firm. Competitive Strategic Management, 556-570.

20. Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509-533.