1st Place in School - Spring 2020
Vanderbilt University - Owen Graduate School of Management
Problem:
With social distancing, in-person fitness studio is forced to innovate service delivery and reimagine the business model in order to survive and serve their fitness community.
Proposed solutions:
Take advantage of the disruption brought on by the coronavirus to:
- Reinvigorate their community by investing in their team of great instructors and leveraging social check ins
- Refresh their business model by limiting discounting while improving the customer experience
- Reduce member churn by focusing on value and the quality of their experience as the ‘toughest ride in Nashville.’
The plan evolves KrankFIT into a hybrid Physical + Digital brand and community to ride out future uncertainty.
School Team
Vanderbilt University - Owen Graduate School of Management
Competition generously sponsored by
