Towny: a new business model for a mobile economy. Issue 4 (6th August 2020)

• Record Type: Journal Article
• Authors: Self, Tyler
• Is Part Of: Case journal. Volume 16:Issue 4(2020)
• Page Start: 375
• Page End: 391
• Publication Date: 2020-08-06
• Subjects: Digital marketing -- Customer acquisition cost -- Expense forecasting -- Marketing plan -- Competitive advantage -- Value proposition -- Business model; Business -- Case studies -- Periodicals; Business -- Case studies -- Periodicals; Management -- Case studies -- Periodicals; Management -- Case studies -- Periodicals; Management -- Study and teaching -- Periodicals; Business; Management; Management -- Study and teaching; Case studies; 658.00722
• DOI: 10.1108/TCJ-08-2019-0080
• Languages: English
• ISSNs: 1544-9106

Abstract

Abstract : Research methodology: This case was developed from interviews the author held with Nathan Baumeister, the protagonist in the case and Towny CEO; Hannah Franzen, a Towny marketing employee discussed in the case; and Mallory Franzen, Hannah's sister-in-law and the company representative for Boomn, the digital marketing agency discussed in the case. In addition, secondary research on the USA retail industry was performed by the author. The case was class-tested four times by the author, with Hannah Franzen and Mallory Franzen initially visiting as case protagonists. This resulted in the case of refinements based on student discussion. Case overview/synopsis: Towny: A new business model for a mobile economy shares the context and issues surrounding CEO Nathan Baumeister in the spring of 2018 at Towny, a unique business helping local businesses connect with their consumers over mobile devices. The company began going to market based on the vision of its owner and Nathan's boss, Don Shafer. It had quickly approached local business clients and consumers in five key markets. The purpose of the case is to allow students the opportunity to discuss key new venture creation concepts and scenarios such as customer value proposition, competitive advantage and digital marketing. Complexity academic level: This case was developed to be used in an undergraduate course in entrepreneurship. The particular course, new venture finance: the entrepreneur's perspective, teaches the general subject of entrepreneurial finance through financial models such as free cash flow and valuation, case discussions with entrepreneurs visiting as facilitators and protagonists and business concept planning and forecasting. This case helps train students on how to incorporate online marketing costs into their business concept plans. Relevant courses and topics also include small business management and entrepreneurial financial management.