Recommendations of Syracuse Electric Inc Case Analysis

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Recommendations of Syracuse Electric Inc Case Study Help

On the basis of above internal and external analysis of the company in addition to the evaluation of numerous options, the business is suggested to think about alternative 3. As alternative 3 would permit the business to expand in global markets with no reduction in its local profits and any wear and tear of its market position. By thinking about Alternative 3, the business could maintain its store experience and brand name originality. Nevertheless, it could likewise think about alternative 2 that could enable the company to access the markets without any prospective financial investment. The business could pursue alternative 1 which would make it possible for the company to focus on prospective international markets rather than the local markets but as the company is highly dependent on the local markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the considerable decrease in company's profits. The company is suggested to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Syracuse Electric Inc Case Analysis Stores

The business has a long term market position in US which can not be generated soon in the new markets. The choice would assist the company to expand in international markets along with the elimination of concerns raised in its local markets related to its diversity.

Pros:

• Exploration of new international markets.
• Boost in income from worldwide markets.
• Elimination of issues connected to diversity.
• Revenue diversity.
• Step towards being a strong international brand.

Cons:

• Loss of extensive earnings from the local markets.
• Boost in competition.
• Differences in cultures could led to a failure of the brand name especially in Asian countries.
• Low earnings at preliminary levels.
• Boost in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Syracuse Electric Inc Case Help Stores

Alternative 2 includes the introduction of online market places through producing an appropriate company's site. With the increased patterns towards online shopping, the online stores like Amazon, Alibaba and so on might present a severe threat to the market share of company. Additionally, the competitors are shifting towards click and Recommendations of Syracuse Electric Inc Case Analysis shops with Gap introducing Piperline. This shift towards online markets could reduce the earnings for company. In this circumstance the business might consider presenting Click and Recommendations of Syracuse Electric Inc Case Analysis stores. These stores with a low requirement of funds to settle would enable the business to reach international markets, without ending its domestic stores. The advantages and disadvantages of option 2 are offered as follows;

Pros:

• Low financial investment
• Reducing competition hazard
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Earnings
• Low Operating Expense
• Easy brand-new market entryway

Cons:

• Danger to the marketplace position
• Removal of brand Originality
• Removal of the great store experience.
• Threat of decrease in elite sales.

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

Another choice that the business could consider, is to expand towards the worldwide markets without closing its domestic shops that adds to the major part of revenues of the company. The benefits and drawbacks associated with Alternative 3 are provided below;

Pros:

• Lowering competitors threat
• Access to the world markets
• Increasing the size of customer base
• Large Earnings
• Expedition of brand-new global markets.
• Increase in profits from worldwide markets.
• Income diversification.
• Action towards being a strong worldwide brand name.

Cons:

• Extension of problems connected to variety.
• Distinctions in cultures could caused a failure of the brand name especially in Asian nations.
• Low incomes at preliminary levels.
• Boost in marketing expenses to acquire market share.



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