Recommendations of Replacing Hong Kongs Id Card B Debating The Options Case Analysis

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Recommendations of Replacing Hong Kongs Id Card B Debating The Options Case Study Analysis

On the basis of above internal and external analysis of the business along with the evaluation of different alternatives, the business is suggested to think about alternative 3. As alternative 3 would enable the business to broaden in international markets without any decrease in its regional profits and any wear and tear of its market position. The business might pursue alternative 1 which would enable the company to focus on potential global markets rather than the local markets but as the business is highly reliant on the local markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the substantial decline in business's earnings.

Aletrnative-1: Expanding International Brick and Recommendations of Replacing Hong Kongs Id Card B Debating The Options Case Analysis Stores

The business has a long term market position in United States which can not be produced quickly in the brand-new markets. The option would assist the business to broaden in global markets along with the elimination of concerns raised in its regional markets related to its diversity.

Pros:

• Expedition of new international markets.
• Increase in revenue from global markets.
• Removal of problems associated with diversity.
• Income diversification.
• Step towards being a strong global brand.

Cons:

• Loss of comprehensive revenues from the regional markets.
• Increase in competition.
• Distinctions in cultures might resulted in a failure of the brand name specifically in Asian nations.
• Low incomes at initial levels.
• Boost in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Replacing Hong Kongs Id Card B Debating The Options Case Analysis Stores

Alternative 2 includes the introduction of online market places through generating a correct company's website. With the increased trends towards online shopping, the online stores like Amazon, Alibaba etc. could present a severe threat to the market share of company. The competitors are moving towards click and Recommendations of Replacing Hong Kongs Id Card B Debating The Options Case Solution shops with Gap introducing Piperline. This shift towards online markets could decrease the profits for company. In this circumstance the business might consider presenting Click and Recommendations of Replacing Hong Kongs Id Card B Debating The Options Case Analysis stores. These shops with a low requirement of funds to settle would allow the business to reach global markets, without ending its domestic shops. The pros and cons of option 2 are provided as follows;

Pros:

• Low investment
• Minimizing competition threat
• Access to the world markets
• Increasing the size of customer base
• Easy to handle
• Large Profits
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Danger to the marketplace position
• Elimination of brand name Individuality
• Removal of the great shop experience.
• Risk of decline in elite sales.

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

Another choice that the company could consider, is to expand towards the international markets without closing its domestic stores that adds to the major part of incomes of the company. The benefits and drawbacks connected to Alternative 3 are offered below;

Pros:

• Lowering competition danger
• Access to the world markets
• Enlarging customer base
• Large Incomes
• Expedition of new global markets.
• Increase in earnings from global markets.
• Profits diversification.
• Step towards being a strong global brand name.

Cons:

• Extension of problems connected to variety.
• Differences in cultures might resulted in a failure of the brand specifically in Asian nations.
• Low revenues at preliminary levels.
• Boost in marketing expenses to get market share.



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