RENOIR JIGSAW PUZZLE, INC.: MAKING PUZZLES MORE THAN JUST PUZZLES
Chih-Ning Chu,
Grace C. Su and
Ting-Yuan Huang
Additional contact information
Chih-Ning Chu: Chung Yuan Christian University, Taoyuan City, Taiwan
Grace C. Su: McNeese State University, Lake Charles, LA, USA
Ting-Yuan Huang: Feng Chia University, Taichung, Taiwan
Asian Case Research Journal (ACRJ), 2023, vol. 27, issue 04, 283-301
Abstract:
This case describes the marketing strategy and business model of Renoir Inc., a premium jigsaw puzzle retailer which offers high-quality art puzzles and customized framing services. By taking advantage of the IKEA effect associated with puzzles, Renoir sets premium prices, establishes a group of loyal customers, and appropriates better profits. Students are expected to understand the theoretical mechanisms underpinning Renoir’s strategy and be able to apply that knowledge to assess the magnitude of the two challenges Renoir encountered during the COVID pandemic: (1) demand decline due to the economic lockdowns, and (2) supply shortage from the premium European puzzle makers. Based on the information provided, students should be able to propose feasible solutions.
Date: 2023
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0218927523500141
Access to full text is restricted to subscribers
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:wsi:acrjxx:v:27:y:2023:i:04:n:s0218927523500141
Ordering information: This journal article can be ordered from
DOI: 10.1142/S0218927523500141
Access Statistics for this article
Asian Case Research Journal (ACRJ) is currently edited by Lau Geok Theng
More articles in Asian Case Research Journal (ACRJ) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().