Recommendations of Replacing Hong Kongs Id Card A Fighting Identity Theft Case Analysis

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Recommendations of Replacing Hong Kongs Id Card A Fighting Identity Theft Case Study Analysis

On the basis of above internal and external analysis of the company together with the assessment of different alternatives, the business is advised to consider alternative 3. As alternative 3 would allow the business to broaden in worldwide markets without any reduction in its local profits and any degeneration of its market position. By thinking about Alternative 3, the company might maintain its shop experience and brand name originality. However, it could also think about alternative 2 that might permit the business to access the markets without any prospective financial investment. The business could pursue alternative 1 which would allow the company to focus on prospective worldwide markets rather than the regional markets however as the company is extremely reliant on the local markets with 90% of its stores in the US, there fore pursuing option 1 would result in the considerable decrease in business's income. The company is advised to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Replacing Hong Kongs Id Card A Fighting Identity Theft Case Solution Stores

Growth towards global markets through opening brand-new shops in other Europe and Asian nations with closing domestic stores is although a great choice for increasing the international presence of the company. Nevertheless, the closing of domestic stores could extremely impact the revenues of the firm as above 90% of its stores lie domestically and closing those shops would ultimately lower the earnings of the company. Additionally, the business has a long term market position in United States which can not be created quickly in the brand-new markets. The alternative would assist the business to expand in worldwide markets together with the elimination of concerns raised in its local markets related to its diversity. The advantages and disadvantages for Alternative 1 are noted below;

Pros:

• Exploration of brand-new global markets.
• Boost in income from global markets.
• Removal of issues related to diversity.
• Income diversity.
• Action towards being a strong worldwide brand.

Cons:

• Loss of substantial incomes from the regional markets.
• Boost in competition.
• Differences in cultures could resulted in a failure of the brand name especially in Asian countries.
• Low revenues at preliminary levels.
• Increase in marketing expenditures to gain market share.

Alternative-2: Introduction of Click and Recommendations of Replacing Hong Kongs Id Card A Fighting Identity Theft Case Analysis Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. could pose an extreme risk to the market share of company. In this scenario the company might consider introducing Click and Recommendations of Replacing Hong Kongs Id Card A Fighting Identity Theft Case Help stores. These shops with a low requirement of funds to settle would allow the business to reach global markets, without ending its domestic shops.

Pros:

• Low investment
• Decreasing competitors danger
• Access to the world markets
• Enlarging customer base
• Easy to handle
• Large Revenues
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Hazard to the marketplace position
• Removal of brand Individuality
• Removal of the excellent shop experience.
• Threat of decrease in elite sales.

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

Another option that the business might consider, is to expand towards the worldwide markets without closing its domestic shops that adds to the huge part of incomes of the business. The pros and cons connected to Alternative 3 are given below;

Pros:

• Reducing competition threat
• Access to the world markets
• Enlarging consumer base
• Big Revenues
• Exploration of brand-new international markets.
• Boost in profits from international markets.
• Earnings diversity.
• Step towards being a strong worldwide brand name.

Cons:

• Extension of issues connected to diversity.
• Distinctions in cultures could led to a failure of the brand especially in Asian nations.
• Low profits at preliminary levels.
• Boost in marketing expenditures to get market share.



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