Recommendations of The Panic Of 1907 Case Analysis

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Recommendations of The Panic Of 1907 Case Study Solution

On the basis of above internal and external analysis of the company in addition to the examination of various alternatives, the business is suggested to consider alternative 3. As alternative 3 would enable the company to broaden in international markets without any decrease in its local earnings and any wear and tear of its market position. By considering Alternative 3, the business could keep its shop experience and brand name uniqueness. It could also think about alternative 2 that might enable the business to access the markets without any prospective investment. Although, the company could pursue alternative 1 which would enable the business to focus on possible worldwide markets instead of the regional markets however as the business is highly based on the local markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the considerable decline in company's earnings. For that reason, the company is suggested to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of The Panic Of 1907 Case Help Stores

Expansion towards worldwide markets through opening new shops in other Europe and Asian nations with closing domestic shops is although a great choice for increasing the global existence of the business. Nevertheless, the closing of domestic shops could extremely affect the incomes of the company as above 90% of its stores are located domestically and closing those shops would eventually lower the incomes of the company. The business has a long term market position in US which can not be produced quickly in the new markets. The alternative would help the company to broaden in worldwide markets in addition to the elimination of concerns raised in its regional markets associated with its diversity. The benefits and drawbacks for Alternative 1 are noted below;

Pros:

• Exploration of new worldwide markets.
• Increase in income from worldwide markets.
• Elimination of issues connected to diversity.
• Income diversification.
• Step towards being a strong worldwide brand name.

Cons:

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

Alternative-2: Introduction of Click and Recommendations of The Panic Of 1907 Case Help Stores

Alternative 2 includes the intro of online market locations through creating a correct company's site. With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on might posture a serious hazard to the marketplace share of business. Furthermore, the rivals are shifting towards click and Recommendations of The Panic Of 1907 Case Analysis stores with Space presenting Piperline. This shift towards online markets might lower the incomes for business. In this circumstance the business could consider introducing Click and Recommendations of The Panic Of 1907 Case Solution stores. These shops with a low requirement of funds to settle would make it possible for the business to reach international markets, without ending its domestic stores. The advantages and disadvantages of alternative 2 are given as follows;

Pros:

• Low investment
• Minimizing competition threat
• Access to the world markets
• Increasing the size of consumer base
• Easy to manage
• Large Earnings
• Low Operating Costs
• Easy new market entrance

Cons:

• Danger to the market position
• Elimination of brand name Individuality
• Elimination of the terrific store experience.
• Risk of decrease in elite sales.

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

Another choice that the company might think about, is to expand towards the international markets without closing its domestic shops that adds to the major part of earnings of the business. The advantages and disadvantages connected to Alternative 3 are given below;

Pros:

• Reducing competitors hazard
• Access to the world markets
• Increasing the size of consumer base
• Big Revenues
• Expedition of new global markets.
• Boost in earnings from global markets.
• Earnings diversification.
• Action towards being a strong worldwide brand.

Cons:

• Continuation of problems related to diversity.
• Distinctions in cultures might caused a failure of the brand specifically in Asian nations.
• Low revenues at initial levels.
• Boost in marketing expenses to gain market share.



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