Recommendations of The Art Of Giving And Receiving Advice Case Solution

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Recommendations of The Art Of Giving And Receiving Advice Case Study Solution

On the basis of above internal and external analysis of the company along with the examination of numerous options, the company is suggested to think about alternative 3. As alternative 3 would permit the business to broaden in worldwide markets without any decrease in its regional profits and any deterioration of its market position. The business could pursue alternative 1 which would enable the business to focus on possible international markets rather than the local markets however as the company is extremely reliant on the regional markets with 90% of its shops 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 The Art Of Giving And Receiving Advice Case Solution Stores

Expansion towards global markets through opening brand-new stores in other Europe and Asian nations with closing domestic shops is although a good alternative for increasing the international existence of the business. Nevertheless, the closing of domestic shops could highly impact the earnings of the company as above 90% of its stores lie locally and closing those stores would ultimately reduce the incomes of the firm. The business has a long term market position in US which can not be produced soon in the new markets. The choice would assist the business to expand in worldwide markets along with the elimination of concerns raised in its local markets connected to its diversity. The pros and Cons for Alternative 1 are listed below;

Pros:

• Exploration of new worldwide markets.
• Increase in income from worldwide markets.
• Removal of problems associated with diversity.
• Profits diversity.
• Step towards being a strong worldwide brand.

Cons:

• Loss of comprehensive earnings from the local markets.
• Boost in competition.
• Distinctions in cultures could led to a failure of the brand name particularly in Asian nations.
• Low incomes at preliminary levels.
• Boost in marketing expenditures to gain market share.

Alternative-2: Introduction of Click and Recommendations of The Art Of Giving And Receiving Advice Case Help Stores

With the increased trends towards online shopping, the online shops like Amazon, Alibaba etc. might posture an extreme danger to the market share of company. In this situation the company might think about introducing Click and Recommendations of The Art Of Giving And Receiving Advice Case Help shops. These shops with a low requirement of funds to settle would enable the business to reach worldwide markets, without ending its domestic shops.

Pros:

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

Cons:

• Danger to the market position
• Elimination of brand Uniqueness
• Removal of the fantastic shop experience.
• Risk of decrease in elite sales.

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

Another choice that the company might consider, is to expand towards the worldwide markets without closing its domestic stores that adds to the major part of profits of the business. The benefits and drawbacks connected to Alternative 3 are provided listed below;

Pros:

• Minimizing competition threat
• Access to the world markets
• Increasing the size of customer base
• Large Earnings
• Expedition of new global markets.
• Boost in profits from international markets.
• Profits diversity.
• Action towards being a strong international brand name.

Cons:

• Extension of problems associated with variety.
• Distinctions in cultures could caused a failure of the brand particularly in Asian countries.
• Low incomes at initial levels.
• Boost in marketing expenditures to acquire market share.



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