Recommendations of Tradecard Building A Global Trading Electronic Payment System Case Analysis

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Recommendations of Tradecard Building A Global Trading Electronic Payment System Case Study Analysis

On the basis of above internal and external analysis of the business along with the examination of different alternatives, the company is advised to consider alternative 3. As alternative 3 would permit the company to broaden in worldwide markets without any reduction in its regional revenues and any degeneration of its market position. The business could pursue alternative 1 which would enable the business to focus on potential worldwide markets rather than the local markets but as the business is extremely dependent on the local markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the significant decrease in company's earnings.

Aletrnative-1: Expanding International Brick and Recommendations of Tradecard Building A Global Trading Electronic Payment System Case Analysis Stores

Growth towards global markets through opening new stores in other Europe and Asian nations with closing domestic shops is although a good alternative for increasing the worldwide existence of the company. However, the closing of domestic shops 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 firm. Additionally, the business has a long term market position in United States which can not be produced soon in the new markets. The option would assist the company to broaden in international markets along with the removal of issues raised in its regional markets related to its diversity. The advantages and disadvantages for Alternative 1 are noted below;

Pros:

• Exploration of new international markets.
• Boost in income from international markets.
• Elimination of concerns related to variety.
• Revenue diversification.
• Step towards being a strong worldwide brand name.

Cons:

• Loss of extensive earnings from the local markets.
• Increase in competition.
• Distinctions in cultures might led to a failure of the brand especially in Asian countries.
• Low earnings at initial levels.
• Boost in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Tradecard Building A Global Trading Electronic Payment System Case Help Stores

Alternative 2 includes the intro of online market locations through creating a proper business's site. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on might posture a serious danger to the marketplace share of business. Furthermore, the competitors are moving towards click and Recommendations of Tradecard Building A Global Trading Electronic Payment System Case Solution shops with Gap introducing Piperline. This shift towards online markets could lower the earnings for business. In this circumstance the business could consider presenting Click and Recommendations of Tradecard Building A Global Trading Electronic Payment System Case Analysis shops. These stores with a low requirement of funds to settle would enable the company to reach international markets, without ending its domestic shops. The pros and cons of alternative 2 are offered as follows;

Pros:

• Low financial investment
• Decreasing competition threat
• Access to the world markets
• Enlarging customer base
• Easy to handle
• Large Revenues
• Low Operating Costs
• Easy brand-new market entryway

Cons:

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

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

Another option that the business might consider, is to broaden towards the global markets without closing its domestic stores that adds to the huge part of earnings of the company. The pros and cons related to Alternative 3 are offered listed below;

Pros:

• Decreasing competition danger
• Access to the world markets
• Enlarging consumer base
• Big Earnings
• Exploration of new global markets.
• Boost in earnings from global markets.
• Revenue diversification.
• Action towards being a strong global brand name.

Cons:

• Extension of problems associated with diversity.
• Distinctions in cultures might caused a failure of the brand especially in Asian countries.
• Low profits at initial levels.
• Increase in marketing expenses to acquire market share.



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