Recommendations of Growing Pains At Stroz Friedberg Case Solution

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Recommendations of Growing Pains At Stroz Friedberg Case Study Analysis

On the basis of above internal and external analysis of the business along with the examination of different options, the company is suggested to consider alternative 3. As alternative 3 would enable the business to expand in global markets without any decrease in its local incomes and any degeneration of its market position. The company might pursue alternative 1 which would make it possible for the business to focus on prospective international markets rather than the regional markets but as the business is highly reliant on the local markets with 90% of its shops in the US, there fore pursuing alternative 1 would result in the significant decline in company's revenue.

Aletrnative-1: Expanding International Brick and Recommendations of Growing Pains At Stroz Friedberg Case Solution Stores

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

Pros:

• Exploration of brand-new international markets.
• Boost in income from international markets.
• Elimination of concerns associated with variety.
• Earnings diversification.
• Step towards being a strong global brand name.

Cons:

• Loss of substantial profits from the regional markets.
• Boost in competition.
• Distinctions in cultures could led to a failure of the brand name especially in Asian nations.
• Low profits at initial levels.
• Boost in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Growing Pains At Stroz Friedberg Case Analysis Stores

With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. might present an extreme risk to the market share of business. In this scenario the company could consider presenting Click and Recommendations of Growing Pains At Stroz Friedberg Case Help stores. These shops with a low requirement of funds to settle would enable the company to reach global markets, without ending its domestic shops.

Pros:

• Low financial investment
• Decreasing competition risk
• Access to the world markets
• Increasing the size of consumer base
• Easy to handle
• Large Earnings
• Low Operating Expense
• Easy new market entrance

Cons:

• Threat to the marketplace position
• Elimination of brand name Originality
• Removal of the terrific shop experience.
• Threat of decrease in elite sales.

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

Another option that the business could consider, is to expand towards the global markets without closing its domestic stores that adds to the huge part of revenues of the business. The advantages and disadvantages related to Alternative 3 are offered listed below;

Pros:

• Decreasing competition hazard
• Access to the world markets
• Increasing the size of customer base
• Large Earnings
• Exploration of brand-new international markets.
• Boost in earnings from worldwide markets.
• Earnings diversity.
• Step towards being a strong global brand name.

Cons:

• Continuation of issues related to variety.
• Distinctions in cultures might led to a failure of the brand name specifically in Asian nations.
• Low earnings at preliminary levels.
• Boost in marketing expenses to acquire market share.



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