Recommendations of The Panic Of 1819 And The Second Bank Of The United States Case Solution

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Recommendations of The Panic Of 1819 And The Second Bank Of The United States Case Study Solution

On the basis of above internal and external analysis of the business along with the assessment of numerous options, the company is suggested to think about alternative 3. As alternative 3 would enable the company to broaden in worldwide markets without any reduction in its local revenues and any degeneration of its market position. The business could pursue alternative 1 which would enable the business to focus on possible international markets rather than the regional markets however as the company is extremely reliant on the regional markets with 90% of its stores in the United States, there fore pursuing alternative 1 would result in the significant decline in business's income.

Aletrnative-1: Expanding International Brick and Recommendations of The Panic Of 1819 And The Second Bank Of The United States Case Analysis Stores

The business has a long term market position in US which can not be produced quickly in the new markets. The choice would assist the company to broaden in international markets along with the removal of problems raised in its regional markets related to its variety.

Pros:

• Exploration of new international markets.
• Increase in revenue from international markets.
• Elimination of issues related to variety.
• Profits diversification.
• Action towards being a strong global brand.

Cons:

• Loss of extensive incomes from the local markets.
• Increase in competitors.
• Differences in cultures could led to a failure of the brand particularly in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenditures to gain market share.

Alternative-2: Introduction of Click and Recommendations of The Panic Of 1819 And The Second Bank Of The United States Case Analysis Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. could present an extreme risk to the market share of company. In this situation the company might think about presenting Click and Recommendations of The Panic Of 1819 And The Second Bank Of The United States Case Help stores. These stores with a low requirement of funds to settle would make it possible for the company to reach worldwide markets, without ending its domestic shops.

Pros:

• Low investment
• Lowering competition danger
• Access to the world markets
• Enlarging customer base
• Easy to manage
• Big Revenues
• Low Operating Expense
• Easy brand-new market entrance

Cons:

• Threat to the market position
• Elimination of brand Uniqueness
• Elimination of the great store experience.
• Threat 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 advantages and disadvantages related to Alternative 3 are offered listed below;

Pros:

• Decreasing competitors danger
• Access to the world markets
• Enlarging customer base
• Large Earnings
• Exploration of brand-new global markets.
• Boost in earnings from worldwide markets.
• Earnings diversification.
• Step towards being a strong worldwide brand name.

Cons:

• Extension of issues related to variety.
• Distinctions in cultures might led to a failure of the brand particularly in Asian nations.
• Low earnings at preliminary levels.
• Boost in marketing expenses to get market share.



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