In April 2020, the chief executive officer of Xiaoxiandun E-Commerce Co. (Xiaoxiandun), faced a tough choice. Founded in 2014 in Beijing, China, Xiaoxiandun focused on birds’ nests—an extremely popular traditional Chinese tonic product—and advocated the benefits of nourishing Chinese medicine. Low-temperature technology and timely delivery helped consumers to nourish the bird's nest on time and in standardized amounts. The "Expert of Fresh Stewed Bird's Nest" strategy during 2017-2019 helped Xiaoxiandun surpass the original leader in the bird's nest industry and became number one in sales on Tmall Double Eleven in 2019. In the same year, the leader regarded Xiaoxiandun as the main competitor, and adopted similar fresh stew technology. Faced with this challenge, how should Miao move forward: adhere to the "expert" strategy, diversify and expand, or make strategic changes to become a leader?
小仙炖电子商务有限公司:战略创新 Xiaoxiandun E-Commerce Co., Ltd: Strategic Innovation (Simplified Chinese version)
Haifen Lin, Miao Hai
Product #:W33780
Supplier:Ivey
Discipline:Strategy
Setting:China, 2020
Subjects:
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Learning Objectives
- 理解并定义战略创新;
- 确定实施战略创新所涉及的不同因素;
- 分析公司成功实施战略创新的过程;
- 认识到战略创新不是一劳永逸的,而是不断调整的。
This case is suitable for use in both undergraduate- and graduate-level courses on strategic management and innovation management. It can be used to illustrate and discuss how latecomers to a competitive market that lacks innovation can reshape the industry ecology through strategic innovation and thereby achieve rapid development to shape a new brand. After working through the case and assignment questions, students will be able to
- understand and define strategic innovation;
- identify different factors involved in the implementation of strategic innovation;
- analyze the process through which the company could successfully implement strategic innovation; and
- recognize the fact that strategic innovation is not to be done once and for all, but continuously adjusted.