Recommendations of Issey Miyake Inc From Guardian Of Oriental Design To Something Different Case Solution

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Recommendations of Issey Miyake Inc From Guardian Of Oriental Design To Something Different Case Study Solution

On the basis of above internal and external analysis of the business along with the examination of different alternatives, the business is suggested to think about alternative 3. As alternative 3 would permit the company to expand in international markets without any decrease in its local earnings and any deterioration of its market position. The company could pursue alternative 1 which would make it possible for the business to focus on potential international markets rather than the local markets but as the business is extremely reliant on the regional markets with 90% of its shops in the US, there fore pursuing option 1 would result in the substantial decline in business's income.

Aletrnative-1: Expanding International Brick and Recommendations of Issey Miyake Inc From Guardian Of Oriental Design To Something Different Case Analysis Stores

Expansion towards worldwide markets through opening brand-new stores in other Europe and Asian countries with closing domestic shops is although a good option for increasing the worldwide existence of the company. The closing of domestic stores might extremely affect the incomes of the firm as above 90% of its shops are situated locally and closing those shops would eventually reduce the incomes of the company. The company has a long term market position in United States which can not be created soon in the brand-new markets. The choice would help the business to broaden in worldwide markets together with the elimination of issues raised in its regional markets related to its diversity. The pros and Cons for Alternative 1 are listed below;

Pros:

• Expedition of brand-new worldwide markets.
• Increase in profits from global markets.
• Removal of problems associated with diversity.
• Profits diversity.
• Step towards being a strong worldwide brand name.

Cons:

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

Alternative-2: Introduction of Click and Recommendations of Issey Miyake Inc From Guardian Of Oriental Design To Something Different Case Solution Stores

Alternative 2 includes the introduction of online market places through generating a proper business's website. With the increased trends towards online shopping, the online stores like Amazon, Alibaba etc. might present a severe risk to the market share of company. The rivals are moving towards click and Recommendations of Issey Miyake Inc From Guardian Of Oriental Design To Something Different Case Help stores with Gap presenting Piperline. This shift towards online markets could reduce the profits for company. In this situation the company might think about introducing Click and Recommendations of Issey Miyake Inc From Guardian Of Oriental Design To Something Different Case Solution shops. These stores with a low requirement of funds to settle would make it possible for the company to reach global markets, without ending its domestic shops. The advantages and disadvantages of option 2 are offered as follows;

Pros:

• Low financial investment
• Lowering competitors risk
• Access to the world markets
• Expanding customer base
• Easy to handle
• Big Profits
• Low Operating Costs
• Easy brand-new market entryway

Cons:

• Risk to the market position
• Elimination of brand Uniqueness
• Elimination of the fantastic store experience.
• Threat of decrease 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 global markets without closing its domestic stores that contributes to the huge part of revenues of the company. The pros and cons associated with Alternative 3 are provided listed below;

Pros:

• Decreasing competitors risk
• Access to the world markets
• Enlarging consumer base
• Large Profits
• Exploration of new global markets.
• Increase in profits from worldwide markets.
• Profits diversity.
• Action towards being a strong global brand name.

Cons:

• Extension of concerns connected to variety.
• Distinctions in cultures might resulted in a failure of the brand name especially in Asian countries.
• Low revenues at initial levels.
• Boost in marketing expenses to get market share.



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