Recommendations of Creativity In Design Experimenting And Innovating At Teamlab Japan Case Help

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Recommendations of Creativity In Design Experimenting And Innovating At Teamlab Japan Case Study Help

RecommendationsOn the basis of above internal and external analysis of the business in addition to the examination of different alternatives, the company is recommended to consider alternative 3. As alternative 3 would allow the business to broaden in worldwide markets without any reduction in its regional incomes and any degeneration of its market position. By thinking about Alternative 3, the business could maintain its shop experience and brand originality. It might also consider alternative 2 that might allow the company to access the markets without any potential financial investment. The company might pursue alternative 1 which would make it possible for the business to focus on possible global markets rather than the local markets but as the company is extremely reliant on the local markets with 90% of its stores in the United States, there fore pursuing alternative 1 would result in the significant decline in company's revenue. For that reason, the company is advised to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Creativity In Design Experimenting And Innovating At Teamlab Japan Case Solution Stores

International SegmentsExpansion towards global markets through opening brand-new shops in other Europe and Asian nations with closing domestic shops is although a great alternative for increasing the worldwide existence of the company. However, the closing of domestic stores might extremely affect the profits of the company as above 90% of its stores are located domestically and closing those shops would eventually minimize the profits of the company. Additionally, the company has a long term market position in US which can not be created soon in the brand-new markets. The alternative would assist the company to broaden in worldwide markets along with the removal of concerns raised in its regional markets connected to its diversity. The advantages and disadvantages for Alternative 1 are noted below;

Pros:

• Exploration of brand-new global markets.
• Boost in earnings from international markets.
• Elimination of issues related to diversity.
• Profits diversity.
• Step towards being a strong international brand name.

Cons:

• Loss of comprehensive profits from the regional markets.
• Increase in competition.
• Differences in cultures could caused a failure of the brand especially in Asian countries.
• Low incomes at preliminary levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Creativity In Design Experimenting And Innovating At Teamlab Japan Case Analysis Stores

With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on could pose an extreme risk to the market share of company. In this scenario the company might consider presenting Click and Recommendations of Creativity In Design Experimenting And Innovating At Teamlab Japan Case Help stores. These stores with a low requirement of funds to settle would allow the company to reach global markets, without ending its domestic shops.

Pros:

• Low investment
• Minimizing competition threat
• Access to the world markets
• Increasing the size of customer base
• Easy to handle
• Large Revenues
• Low Operating Expense
• Easy brand-new market entryway

Cons:

• Danger to the marketplace position
• Removal of brand Uniqueness
• Elimination of the excellent store experience.
• Danger of decline in elite sales.

Alternative-3: Expansion towards International Markets Without closing Domestic Stores

Another choice that the business could consider, is to expand towards the international markets without closing its domestic shops that contributes to the huge part of incomes of the company. The advantages and disadvantages connected to Alternative 3 are offered below;

Pros:

• Reducing competition danger
• Access to the world markets
• Increasing the size of customer base
• Big Incomes
• Exploration of new international markets.
• Boost in income from global markets.
• Income diversification.
• Action towards being a strong global brand name.

Cons:

• Extension of concerns connected to variety.
• Differences in cultures could caused a failure of the brand name particularly in Asian nations.
• Low earnings at preliminary levels.
• Boost in marketing expenses to get market share.



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