Recommendations of Replacing Hong Kongs Id Card A And B Case Analysis

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On the basis of above internal and external analysis of the company together with the assessment of various options, the business is suggested to consider alternative 3. As alternative 3 would permit the business to expand in worldwide markets with no reduction in its regional incomes and any deterioration of its market position. By thinking about Alternative 3, the business could preserve its shop experience and brand originality. It could likewise consider alternative 2 that could permit the business to access the markets without any potential investment. Although, the company could pursue alternative 1 which would enable the company to focus on possible international markets rather than the local markets however as the business is extremely based on the regional markets with 90% of its stores in the US, there fore pursuing alternative 1 would lead to the substantial decrease in company's income. Therefore, the company is advised to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Replacing Hong Kongs Id Card A And B Case Analysis Stores

Expansion towards international markets through opening brand-new stores in other Europe and Asian nations with closing domestic stores is although a great option for increasing the worldwide existence of the company. The closing of domestic shops might highly affect the incomes of the firm as above 90% of its shops are located locally and closing those shops would ultimately decrease the incomes of the company. The business has a long term market position in US which can not be created soon in the new markets. The option would help the business to broaden in international markets together with the elimination of problems raised in its local markets associated with its variety. The benefits and drawbacks for Alternative 1 are noted below;

Pros:

• Exploration of brand-new worldwide markets.
• Boost in profits from worldwide markets.
• Removal of problems connected to diversity.
• Income diversity.
• Step towards being a strong international brand name.

Cons:

• Loss of comprehensive revenues from the regional markets.
• Boost in competition.
• Distinctions in cultures might caused a failure of the brand particularly in Asian nations.
• Low incomes at preliminary levels.
• Boost in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Replacing Hong Kongs Id Card A And B Case Analysis Stores

Alternative 2 includes the intro of online market locations through producing a proper business's website. With the increased trends towards online shopping, the online shops like Amazon, Alibaba etc. might present a serious risk to the marketplace share of business. The competitors are moving towards click and Recommendations of Replacing Hong Kongs Id Card A And B Case Analysis stores with Gap introducing Piperline. This shift towards online markets could reduce the earnings for company. In this situation the business could think about presenting Click and Recommendations of Replacing Hong Kongs Id Card A And B Case Analysis shops. These stores with a low requirement of funds to settle would make it possible for the company to reach international markets, without ending its domestic stores. The benefits and drawbacks of option 2 are given as follows;

Pros:

• Low financial investment
• Reducing competition risk
• Access to the world markets
• Enlarging customer base
• Easy to manage
• Large Incomes
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Risk to the marketplace position
• Removal of brand Originality
• Removal of the excellent shop experience.
• Danger of decline in elite sales.

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

Another alternative that the company could consider, is to broaden towards the worldwide markets without closing its domestic shops that adds to the major part of profits of the business. The benefits and drawbacks related to Alternative 3 are given listed below;

Pros:

• Lowering competition hazard
• Access to the world markets
• Increasing the size of consumer base
• Large Earnings
• Expedition of brand-new worldwide markets.
• Boost in income from international markets.
• Profits diversity.
• Action towards being a strong worldwide brand.

Cons:

• Continuation of issues associated with variety.
• Distinctions in cultures might resulted in a failure of the brand particularly in Asian countries.
• Low revenues at initial levels.
• Boost in marketing expenditures to gain market share.



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