With Alonso as Real Madrid's headcoach, and a former player of Madrid, and a club which he played for many years, he's going to have a great achievement and success with Madrid, considering his successful managerial record with Leverkusen.
I believe they have higher opportunity in this competition to lift this very trophy aside, PSG and Chelsea two current champions.
Real Madrid is very lucky to have a coach like Xavi Alonso come into their rescue, because they had a poor last season under Carlo Ancelotti, and I do believe Alonso will get Madrid right back on track with his tactical system of play.
Club World Cup competition is an opportunity for Xabi Alonso to prove his quality as the new manager of Real Madrid, fortunately Real Madrid managed to pass the challenge when facing Juventus. It was a boring match with 1 goal scored by Gonzalo Garcia.
Next is Borussia Dortmund, I think the match that Real Madrid will face is as easy as when they faced Juventus, the serious problem for Real Madrid later is when in the semifinals, it's between PSG or Bayern Munich.