The first written case analysis is a group assignment. The paper must be strictly your own group's individual work, independent of discussions or consultations with other groups. This means the first case will be done in teams of 4-6 students. Please refer to the Guidelines and Grading for Written Case Analyses page of the web site. Prepared following the guidelines given in that document. You should attempt to present important background case information, and use the tools discussed in class and in the readings as a basis for your analysis. Make sure that your paper addresses the written assignment. The study questions should be addressed as part of the written assignment. The case will be due at 9:30 AM, before the beginning of class on the due date. Papers submitted after this date and time will not be accepted (including but not limited to later in the same day).
Chegg was founded in 2005 when Aayush Phumbra and his other co-founders recognized potential in Cheggpost, an online site Iowa State University students used to post classified ads for second-hand furniture, apparel, and other used goods. Then, recognizing the seasonal nature of these purchases, Chegg pivoted to become an online sales and rental site for print textbooks. Strengthed by $350 million dollars in venture capital and debt between 2005 and 2012, Chegg broadened its reach to include eBooks, online tutoring, and more to fulfill its mission of "Save Time, Save Money, Get Smarter." This case examines how Chegg is preparing for IPO, building its Student Hub to drive future growth, and evaluating a new customer - "lifelong learners" - with the acquisition of SkillScout.
Recommend a comprehensive corporate strategy, including an implementation plan, to put Chegg on the best possible path to execute its IPO and grow. It is important that your recommendations are built on thorough analysis of Chegg's current business. Support your recommendation with an analysis of case facts and answers to the questions below.
NOTE: Only the facts presented in the case should be used in your recommendation. This assures consistency of information and consistency in grading.
Answers to the questions below should be incorporated into your writeup.
At the start of class, each group will be asked to present a SHORT (two-sentence) summary of what strategy their team recommended and why. No slides are needed. Each group should elect one member to state the group's recommendation.
The highest scoring paper will be notified prior to the next class and asked to present their five-slide exhibit.
Submit the written assignment as described above. There is no other writeup due for this day of class.