Recommendations of Euro Takeover! 2005 (A) The Target Hoogenfood Nv Case Analysis
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Recommendations of Euro Takeover! 2005 (A) The Target Hoogenfood Nv Case Study Analysis
On the basis of above internal and external analysis of the business along with the assessment of numerous options, the company is recommended to think about alternative 3. As alternative 3 would allow the company to broaden in global markets without any decrease in its local incomes and any wear and tear of its market position. The business could pursue alternative 1 which would enable the company to focus on possible global markets rather than the regional markets but as the business is highly reliant on the local markets with 90% of its shops in the US, there fore pursuing option 1 would result in the considerable decline in company's revenue.
Aletrnative-1: Expanding International Brick and Recommendations of Euro Takeover! 2005 (A) The Target Hoogenfood Nv Case Analysis Stores
The company has a long term market position in US which can not be created soon in the brand-new markets. The alternative would assist the business to expand in worldwide markets along with the elimination of concerns raised in its local markets related to its variety.
Pros:
• Expedition of brand-new worldwide markets.
• Boost in revenue from international markets.
• Removal of problems associated with diversity.
• Earnings diversification.
• Step towards being a strong international brand name.
Cons:
• Loss of extensive earnings from the regional markets.
• Increase in competitors.
• Distinctions in cultures could led to a failure of the brand name particularly in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenses to acquire market share.
Alternative-2: Introduction of Click and Recommendations of Euro Takeover! 2005 (A) The Target Hoogenfood Nv Case Help Stores
Alternative 2 includes the introduction of online market locations through creating a correct business's website. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on could posture a serious threat to the marketplace share of business. The competitors are shifting towards click and Recommendations of Euro Takeover! 2005 (A) The Target Hoogenfood Nv Case Help stores with Gap presenting Piperline. This shift towards online markets could reduce the profits for company. In this scenario the company could think about introducing Click and Recommendations of Euro Takeover! 2005 (A) The Target Hoogenfood Nv Case Help shops. These shops with a low requirement of funds to settle would make it possible for the business to reach worldwide markets, without ending its domestic shops. The advantages and disadvantages of option 2 are given as follows;
Pros:
• Low financial investment
• Decreasing competitors hazard
• Access to the world markets
• Increasing the size of customer base
• Easy to manage
• Big Revenues
• Low Operating Costs
• Easy new market entryway
Cons:
• Danger to the market position
• Removal of brand Individuality
• Elimination of the terrific shop experience.
• Risk of decline in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another choice that the business could think about, is to broaden towards the worldwide markets without closing its domestic stores that contributes to the huge part of profits of the business. The pros and cons associated with Alternative 3 are offered listed below;
Pros:
• Decreasing competitors risk
• Access to the world markets
• Enlarging consumer base
• Large Profits
• Expedition of new international markets.
• Increase in income from international markets.
• Revenue diversification.
• Action towards being a strong global brand name.
Cons:
• Extension of issues related to variety.
• Distinctions in cultures could resulted in a failure of the brand name particularly in Asian nations.
• Low revenues at preliminary levels.
• Boost in marketing expenditures to gain market share.
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