Quick strategy analysis(100 words max) for New York Times using one of the strategy methods, for...

Quick strategy analysis(100 words max) for New York Times using one of the strategy methods, for examples ( CARTS: • Crisis Perception • Ambidexterity • Reorganization • Targets • Scenario Analysis

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Ans : The New York Times Company (NYSE:NYT) is a global media organization dedicated to enhancing society by creating, collecting and distributing high-quality news and information. The Company includes The New York Times, NYTimes.com and related properties. It is known globally for excellence in its journalism, and innovation in its print and digital storytelling and its business model.

The New York Times is dedicated to helping people understand the world through on-the-ground, expert and deeply reported independent journalism.

2019 was a Record Year for Digital Growth at The New York Times Company showed an example of Ambidexterity strategy method.

It passed its goal of $800 million of annual digital revenue a year ahead of schedule. In 2015, when digital revenue was around $400 million, The Times set itself the objective of doubling this category of revenue by the end of 2020.
The Company added more than 1 million net digital subscriptions last year. This is the highest annual run-rate since the launch of the digital model in 2011, indeed the largest number of net subscription additions in a year in the history of The New York Times Company.
The New York Times Company now has more than 5 million total subscriptions, again an all-time record for the Company. The total includes 3.4 million core news subscriptions, more than 300,000 to NYT Cooking and 600,000 to NYT Crossword, as well as nearly 900,000 print subscriptions.

These risks and uncertainties include changes in the business and competitive environment in which the Company operated, the impact of national and local conditions and developments in technology, each of which could influence the levels (rate and volume) of the Company’s subscriptions and advertising, the growth of its businesses and the implementation of its strategic initiatives. They also include other risks detailed from time to time in the Company’s publicly filed documents, including its Annual Report on Form 10-K for the fiscal year ended December 30, 2018.

The phenomenon of ambidexterity has been an object of intense research focus for the past 15 years, producing rich explanations on how this company cope with two contradictory situations simultaneously. For example, stability and change, creativity and efficiency, and exploitation and exploration. As an extension of ambidexterity in strategic management research, organizational ambidexterity also reflects the tension or conflict of strategic endeavors of firms faced with constrained resources, such as the ability to pursue exploitative and explorative innovation strategies. It allows firms to exploit the existing capabilities, while simultaneously not neglecting the effort undertaken in developing new capabilities . As a special type of dynamic ability in nature, it is inextricably connected with the transformation and change of enterprises.

keosha answered 2 hours ago

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