Recommendations of An Interview With Jack Hughes Founder And Chairman Of Topcoder Case Analysis

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Recommendations of An Interview With Jack Hughes Founder And Chairman Of Topcoder Case Study Solution

On the basis of above internal and external analysis of the business along with the assessment of numerous options, the business is recommended to think about alternative 3. As alternative 3 would permit the company to expand in international markets without any reduction in its regional revenues and any wear and tear of its market position. The company could pursue alternative 1 which would make it possible for the company to focus on potential worldwide markets rather than the regional markets but as the business is extremely dependent 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 company's earnings.

Aletrnative-1: Expanding International Brick and Recommendations of An Interview With Jack Hughes Founder And Chairman Of Topcoder 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 choice would assist the business to broaden in international markets along with the removal of issues raised in its regional markets related to its variety.

Pros:

• Exploration of brand-new international markets.
• Boost in profits from global markets.
• Elimination of problems associated with variety.
• Profits diversification.
• Action towards being a strong global brand.

Cons:

• Loss of extensive incomes from the local markets.
• Boost in competitors.
• Differences in cultures might led to a failure of the brand name specifically in Asian countries.
• Low profits at preliminary levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of An Interview With Jack Hughes Founder And Chairman Of Topcoder Case Solution Stores

With the increased trends towards online shopping, the online stores like Amazon, Alibaba etc. could posture a serious danger to the market share of company. In this situation the business could think about introducing Click and Recommendations of An Interview With Jack Hughes Founder And Chairman Of Topcoder Case Help stores. These stores with a low requirement of funds to settle would allow the business to reach global markets, without ending its domestic stores.

Pros:

• Low investment
• Reducing competitors hazard
• Access to the world markets
• Enlarging customer base
• Easy to manage
• Big Revenues
• Low Operating Expense
• Easy new market entrance

Cons:

• Threat to the marketplace position
• Removal of brand Individuality
• Removal of the excellent shop experience.
• Danger of decline in elite sales.

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

Another alternative that the company might consider, is to expand towards the worldwide markets without closing its domestic shops that adds to the huge part of profits of the business. The advantages and disadvantages connected to Alternative 3 are offered listed below;

Pros:

• Minimizing competitors threat
• Access to the world markets
• Increasing the size of consumer base
• Large Revenues
• Exploration of brand-new international markets.
• Increase in earnings from global markets.
• Revenue diversification.
• Action towards being a strong international brand name.

Cons:

• Continuation of concerns associated with diversity.
• Differences in cultures could resulted in a failure of the brand name particularly in Asian countries.
• Low revenues at initial levels.
• Increase in marketing expenses to get market share.



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