Recommendations of Team And Concepts Limited Managing The Growth Of A Small Business Case Solution

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Recommendations of Team And Concepts Limited Managing The Growth Of A Small Business Case Study Help

On the basis of above internal and external analysis of the company along with the examination of different alternatives, the company is suggested to consider alternative 3. As alternative 3 would permit the business to expand in international markets without any decrease in its regional revenues and any degeneration of its market position. The business might pursue alternative 1 which would enable the company to focus on prospective international markets rather than the local markets but as the business is extremely dependent on the regional markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the considerable decrease in company's profits.

Aletrnative-1: Expanding International Brick and Recommendations of Team And Concepts Limited Managing The Growth Of A Small Business Case Solution Stores

The company has a long term market position in United States which can not be created soon in the new markets. The choice would help the company to broaden in global markets along with the removal of problems raised in its local markets related to its diversity.

Pros:

• Expedition of new international markets.
• Increase in revenue from international markets.
• Elimination of problems related to variety.
• Revenue diversity.
• Action towards being a strong international brand name.

Cons:

• Loss of extensive incomes from the local markets.
• Boost in competitors.
• Differences in cultures might caused a failure of the brand specifically in Asian nations.
• Low incomes at initial levels.
• Increase in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Team And Concepts Limited Managing The Growth Of A Small Business Case Analysis Stores

Alternative 2 consists of the introduction of online market locations through creating an appropriate business's website. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. could present a severe hazard to the marketplace share of company. The rivals are shifting towards click and Recommendations of Team And Concepts Limited Managing The Growth Of A Small Business Case Analysis shops with Space introducing Piperline. This shift towards online markets could minimize the incomes for business. In this circumstance the company could think about presenting Click and Recommendations of Team And Concepts Limited Managing The Growth Of A Small Business Case Solution stores. These shops with a low requirement of funds to settle would allow the business to reach global markets, without ending its domestic stores. The pros and cons of option 2 are provided as follows;

Pros:

• Low investment
• Lowering competition danger
• Access to the world markets
• Increasing the size of consumer base
• Easy to manage
• Large Revenues
• Low Operating Expense
• Easy brand-new market entryway

Cons:

• Danger to the marketplace position
• Removal of brand name Originality
• Elimination of the fantastic store experience.
• Risk of decrease in elite sales.

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

Another option that the business might think about, is to expand towards the worldwide markets without closing its domestic shops that adds to the huge part of incomes of the business. The benefits and drawbacks associated with Alternative 3 are given listed below;

Pros:

• Lowering competition hazard
• Access to the world markets
• Enlarging consumer base
• Large Revenues
• Exploration of new global markets.
• Increase in income from international markets.
• Profits diversification.
• Step towards being a strong global brand name.

Cons:

• Continuation of problems associated with diversity.
• Differences in cultures could resulted in a failure of the brand specifically in Asian nations.
• Low incomes at initial levels.
• Increase in marketing expenditures to gain market share.



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