Recommendations of The Panic Of 1873 And The Long Depression (A) And (B) Case Solution

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Recommendations of The Panic Of 1873 And The Long Depression (A) And (B) Case Study Analysis

On the basis of above internal and external analysis of the business in addition to the examination of various alternatives, the business is suggested to consider alternative 3. As alternative 3 would allow the business to expand in global markets with no reduction in its regional incomes and any deterioration of its market position. By thinking about Alternative 3, the business could preserve its store experience and brand name uniqueness. It might likewise think about alternative 2 that might allow the business to access the markets without any possible financial investment. The company could pursue alternative 1 which would make it possible for the company to focus on prospective international markets rather than the regional markets but as the business is extremely reliant on the regional markets with 90% of its stores in the United States, there fore pursuing option 1 would result in the substantial decline in business's income. The business is recommended to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of The Panic Of 1873 And The Long Depression (A) And (B) Case Solution Stores

The business has a long term market position in US which can not be generated soon in the brand-new markets. The option would help the company to expand in worldwide markets along with the removal of problems raised in its regional markets related to its variety.

Pros:

• Exploration of new global markets.
• Boost in earnings from global markets.
• Removal of problems connected to diversity.
• Profits diversification.
• Step towards being a strong global brand name.

Cons:

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

Alternative-2: Introduction of Click and Recommendations of The Panic Of 1873 And The Long Depression (A) And (B) Case Solution Stores

With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on could present a severe hazard to the market share of company. In this circumstance the company might think about presenting Click and Recommendations of The Panic Of 1873 And The Long Depression (A) And (B) Case Analysis stores. These shops with a low requirement of funds to settle would allow the business to reach international markets, without ending its domestic stores.

Pros:

• Low investment
• Lowering competition hazard
• Access to the world markets
• Enlarging customer base
• Easy to manage
• Large Earnings
• Low Operating Expense
• Easy brand-new market entrance

Cons:

• Danger to the market position
• Removal of brand Uniqueness
• Elimination of the terrific store experience.
• Threat of decline in elite sales.

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

Another option that the company might consider, is to broaden towards the global markets without closing its domestic shops that adds to the major part of revenues of the company. The benefits and drawbacks connected to Alternative 3 are given listed below;

Pros:

• Decreasing competitors threat
• Access to the world markets
• Increasing the size of consumer base
• Big Profits
• Exploration of new worldwide markets.
• Boost in earnings from worldwide markets.
• Revenue diversity.
• Step towards being a strong worldwide brand.

Cons:

• Continuation of problems related to variety.
• Distinctions in cultures might caused a failure of the brand especially in Asian countries.
• Low earnings at initial levels.
• Boost in marketing expenses to get market share.



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