Recommendations of Hong Kong Economic Times Group Diversification And Differentiation Case Study And Video Boxed Set Case Help

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Recommendations of Hong Kong Economic Times Group Diversification And Differentiation Case Study And Video Boxed Set Case Study Analysis

On the basis of above internal and external analysis of the business along with the assessment of various options, the business is advised to consider alternative 3. As alternative 3 would enable the company to expand in international markets without any reduction in its regional earnings and any degeneration of its market position. The company could pursue alternative 1 which would enable the business to focus on potential worldwide markets rather than the regional markets but as the company is highly dependent on the local markets with 90% of its shops in the US, there fore pursuing alternative 1 would result in the considerable decline in business's earnings.

Aletrnative-1: Expanding International Brick and Recommendations of Hong Kong Economic Times Group Diversification And Differentiation Case Study And Video Boxed Set Case Analysis Stores

The company has a long term market position in United States which can not be created quickly in the new markets. The option would assist the company to broaden in worldwide markets along with the elimination of issues raised in its local markets related to its diversity.

Pros:

• Exploration of brand-new worldwide markets.
• Increase in revenue from global markets.
• Removal of problems related to variety.
• Income diversification.
• Action towards being a strong international brand.

Cons:

• Loss of comprehensive incomes from the regional markets.
• Increase in competitors.
• Differences in cultures might resulted in a failure of the brand name particularly in Asian countries.
• Low revenues at preliminary levels.
• Increase in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Hong Kong Economic Times Group Diversification And Differentiation Case Study And Video Boxed Set Case Solution Stores

Alternative 2 includes the introduction of online market locations through creating a correct company's site. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. could posture a serious danger to the marketplace share of company. Moreover, the competitors are shifting towards click and Recommendations of Hong Kong Economic Times Group Diversification And Differentiation Case Study And Video Boxed Set Case Help stores with Space presenting Piperline. This shift towards online markets could minimize the incomes for company. In this scenario the company could think about presenting Click and Recommendations of Hong Kong Economic Times Group Diversification And Differentiation Case Study And Video Boxed Set Case Analysis stores. These shops with a low requirement of funds to settle would allow the company to reach international markets, without ending its domestic shops. The advantages and disadvantages of alternative 2 are provided as follows;

Pros:

• Low financial investment
• Minimizing competitors hazard
• Access to the world markets
• Increasing the size of consumer base
• Easy to manage
• Big Incomes
• Low Operating Costs
• Easy brand-new market entryway

Cons:

• Hazard to the market position
• Elimination of brand name Uniqueness
• Elimination of the terrific shop experience.
• Threat of decline in elite sales.

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

Another choice that the company might consider, is to broaden towards the international markets without closing its domestic shops that adds to the huge part of profits of the business. The advantages and disadvantages related to Alternative 3 are offered listed below;

Pros:

• Lowering competition risk
• Access to the world markets
• Increasing the size of consumer base
• Big Incomes
• Exploration of new worldwide markets.
• Boost in income from worldwide markets.
• Revenue diversity.
• Step towards being a strong worldwide brand name.

Cons:

• Extension of issues connected to diversity.
• Distinctions in cultures might led to a failure of the brand particularly in Asian countries.
• Low incomes at initial levels.
• Boost in marketing expenses to acquire market share.



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