Recommendations of Insight Robotics Limited A Start Up With A Happy Problem Case Solution

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Recommendations of Insight Robotics Limited A Start Up With A Happy Problem Case Study Solution

On the basis of above internal and external analysis of the business along with the assessment of different options, the company is suggested to consider alternative 3. As alternative 3 would allow the business to broaden in worldwide markets without any reduction in its regional earnings and any deterioration of its market position. The business could pursue alternative 1 which would make it possible for the company to focus on possible worldwide markets rather than the regional markets but as the company is extremely reliant on the regional markets with 90% of its stores in the US, there fore pursuing option 1 would result in the substantial decline in business's revenue.

Aletrnative-1: Expanding International Brick and Recommendations of Insight Robotics Limited A Start Up With A Happy Problem Case Analysis Stores

Growth towards global markets through opening brand-new stores in other Europe and Asian countries with closing domestic shops is although a great alternative for increasing the international presence of the business. Nevertheless, the closing of domestic stores could extremely impact the incomes of the company as above 90% of its shops are located domestically and closing those stores would eventually decrease the revenues of the firm. Additionally, the business has a long term market position in United States which can not be generated soon in the new markets. The choice would assist the business to broaden in global markets in addition to the removal of problems raised in its regional markets connected to its diversity. The advantages and disadvantages for Alternative 1 are noted below;

Pros:

• Expedition of new global markets.
• Boost in profits from global markets.
• Removal of issues connected to variety.
• Earnings diversity.
• Step towards being a strong worldwide brand.

Cons:

• Loss of substantial earnings from the regional markets.
• Increase in competition.
• Distinctions in cultures could resulted in a failure of the brand specifically in Asian nations.
• Low revenues at preliminary levels.
• Boost in marketing expenses to gain market share.

Alternative-2: Introduction of Click and Recommendations of Insight Robotics Limited A Start Up With A Happy Problem Case Help Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. could present an extreme risk to the market share of company. In this circumstance the business might consider presenting Click and Recommendations of Insight Robotics Limited A Start Up With A Happy Problem Case Help stores. These stores with a low requirement of funds to settle would make it possible for the business to reach global markets, without ending its domestic shops.

Pros:

• Low financial investment
• Reducing competition threat
• Access to the world markets
• Expanding customer base
• Easy to handle
• Big Earnings
• Low Operating Costs
• Easy new market entryway

Cons:

• Hazard to the marketplace position
• Removal of brand Uniqueness
• Elimination of the terrific store experience.
• Risk of decline in elite sales.

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

Another option that the company could consider, is to expand towards the global markets without closing its domestic stores that contributes to the major part of earnings of the business. The benefits and drawbacks associated with Alternative 3 are given listed below;

Pros:

• Minimizing competitors risk
• Access to the world markets
• Increasing the size of customer base
• Big Profits
• Exploration of brand-new worldwide markets.
• Increase in profits from worldwide markets.
• Revenue diversification.
• Action towards being a strong worldwide brand.

Cons:

• Extension of concerns connected to variety.
• Differences in cultures could resulted in a failure of the brand particularly in Asian countries.
• Low incomes at preliminary levels.
• Increase in marketing expenditures to acquire market share.



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