Recommendations of Hidesign From Bags To Riches Case Help

Home >> Essec Business School >> Hidesign From Bags To Riches >> Recommendations

Recommendations of Hidesign From Bags To Riches Case Study Solution

On the basis of above internal and external analysis of the business along with the evaluation of various options, the company is advised to think about alternative 3. As alternative 3 would allow the company to expand in international markets without any decrease in its regional profits and any degeneration of its market position. By thinking about Alternative 3, the company might preserve its store experience and brand uniqueness. However, it might likewise consider alternative 2 that might allow the business to access the marketplaces with no potential investment. The company might pursue alternative 1 which would allow the company to focus on prospective global markets rather than the regional markets but as the company is extremely dependent on the local markets with 90% of its stores in the US, there fore pursuing option 1 would result in the substantial decrease in business's earnings. The company is recommended to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Hidesign From Bags To Riches Case Analysis Stores

Expansion towards international markets through opening brand-new stores in other Europe and Asian nations with closing domestic stores is although an excellent option for increasing the global existence of the company. However, the closing of domestic shops might extremely impact the profits of the company as above 90% of its stores are located domestically and closing those shops would ultimately lower the revenues of the company. The business has a long term market position in United States which can not be created soon in the brand-new markets. The option would help the company to broaden in global markets along with the elimination of issues raised in its local markets associated with its diversity. The advantages and disadvantages for Option 1 are noted below;

Pros:

• Expedition of new worldwide markets.
• Increase in income from global markets.
• Elimination of issues associated with diversity.
• Income diversification.
• Step towards being a strong global brand.

Cons:

• Loss of substantial incomes from the local markets.
• Boost in competition.
• Differences in cultures could resulted in a failure of the brand especially in Asian nations.
• Low profits at preliminary levels.
• Boost in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Hidesign From Bags To Riches Case Solution Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. could position a serious hazard to the market share of business. In this situation the business might consider introducing Click and Recommendations of Hidesign From Bags To Riches Case Help shops. These stores with a low requirement of funds to settle would enable the company to reach global markets, without ending its domestic stores.

Pros:

• Low financial investment
• Decreasing competitors threat
• Access to the world markets
• Enlarging consumer base
• Easy to handle
• Large Incomes
• Low Operating Costs
• Easy new market entryway

Cons:

• Risk to the marketplace position
• Removal of brand Uniqueness
• Elimination of the excellent store experience.
• Risk of decrease 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 international markets without closing its domestic shops that adds to the major part of incomes of the business. The advantages and disadvantages connected to Alternative 3 are given below;

Pros:

• Reducing competition risk
• Access to the world markets
• Increasing the size of customer base
• Large Incomes
• Exploration of new international markets.
• Increase in revenue from international markets.
• Income diversity.
• Action towards being a strong global brand name.

Cons:

• Extension of issues connected to variety.
• Differences in cultures might caused a failure of the brand specifically in Asian countries.
• Low revenues at initial levels.
• Increase in marketing expenditures to get market share.



This is sample work and not applicable to real case study. Please place the order on the website to get your own originally done case solution.