Recommendations of Global Corporate Social Responsibility Vs Local Legal Compliance A Case Of Internet Censorship In China Case Analysis
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Recommendations of Global Corporate Social Responsibility Vs Local Legal Compliance A Case Of Internet Censorship In China Case Study Analysis
On the basis of above internal and external analysis of the business together with the evaluation of numerous options, the company is recommended to consider alternative 3. As alternative 3 would enable the business to expand in international markets without any decrease in its regional profits and any deterioration of its market position. By considering Alternative 3, the company might maintain its shop experience and brand individuality. It might likewise think about alternative 2 that could enable the business to access the markets without any potential financial investment. The business might pursue alternative 1 which would allow the business to focus on prospective global markets rather than the regional markets but as the company is highly reliant on the regional markets with 90% of its shops in the United States, there fore pursuing option 1 would result in the significant decrease in company's income. Therefore, the business is suggested to think about alternative 3.
Aletrnative-1: Expanding International Brick and Recommendations of Global Corporate Social Responsibility Vs Local Legal Compliance A Case Of Internet Censorship In China Case Analysis Stores
Growth towards international markets through opening new stores in other Europe and Asian countries with closing domestic stores is although a good option for increasing the worldwide existence of the business. However, the closing of domestic shops could highly impact the revenues of the company as above 90% of its shops lie locally and closing those shops would ultimately reduce the revenues of the firm. The business has a long term market position in United States which can not be generated soon in the brand-new markets. The alternative would help the business to broaden in global markets along with the removal of problems raised in its regional markets related to its diversity. The benefits and drawbacks for Option 1 are listed below;
Pros:
• Exploration of brand-new international markets.
• Increase in income from global markets.
• Elimination of problems associated with diversity.
• Revenue diversity.
• Action towards being a strong international brand.
Cons:
• Loss of comprehensive profits from the local markets.
• Boost in competition.
• Distinctions in cultures could led to a failure of the brand particularly in Asian nations.
• Low earnings at preliminary levels.
• Increase in marketing expenses to acquire market share.
Alternative-2: Introduction of Click and Recommendations of Global Corporate Social Responsibility Vs Local Legal Compliance A Case Of Internet Censorship In China Case Help Stores
With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. might pose a serious risk to the market share of business. In this circumstance the business could consider presenting Click and Recommendations of Global Corporate Social Responsibility Vs Local Legal Compliance A Case Of Internet Censorship In China Case Help shops. These stores with a low requirement of funds to settle would enable the business to reach worldwide markets, without ending its domestic stores.
Pros:
• Low investment
• Lowering competitors threat
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Earnings
• Low Operating Costs
• Easy brand-new market entrance
Cons:
• Risk to the market position
• Removal of brand Originality
• Elimination of the terrific shop experience.
• Danger of decline in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another choice that the business might consider, is to broaden towards the global markets without closing its domestic stores that adds to the huge part of revenues of the company. The benefits and drawbacks associated with Alternative 3 are given below;
Pros:
• Minimizing competition threat
• Access to the world markets
• Expanding consumer base
• Large Earnings
• Exploration of new international markets.
• Increase in income from worldwide markets.
• Profits diversification.
• Action towards being a strong worldwide brand.
Cons:
• Extension of problems related to variety.
• Distinctions in cultures might led to a failure of the brand name especially in Asian nations.
• Low profits at initial levels.
• Increase in marketing expenditures to acquire market share.
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