Recommendations of Topcoder (A): Developing Software Through Crowdsourcing Case Solution

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Recommendations of Topcoder (A): Developing Software Through Crowdsourcing Case Study Analysis

On the basis of above internal and external analysis of the company along with the assessment of numerous alternatives, the business is suggested to consider alternative 3. As alternative 3 would enable the business to expand in worldwide markets without any decrease in its regional profits and any deterioration of its market position. The company could pursue alternative 1 which would enable the company to focus on potential worldwide markets rather than the local markets but as the business is highly reliant on the regional markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the substantial decline in business's income.

Aletrnative-1: Expanding International Brick and Recommendations of Topcoder (A): Developing Software Through Crowdsourcing Case Analysis Stores

Expansion towards global markets through opening brand-new shops in other Europe and Asian countries with closing domestic stores is although a good alternative for increasing the worldwide presence of the company. Nevertheless, the closing of domestic shops might extremely affect the incomes of the firm as above 90% of its shops lie domestically and closing those stores would ultimately decrease the earnings of the company. The business has a long term market position in US which can not be produced quickly in the brand-new markets. The choice would assist the company to expand in global markets along with the elimination of issues raised in its local markets connected to its variety. The pros and Cons for Alternative 1 are noted below;

Pros:

• Expedition of brand-new global markets.
• Boost in revenue from international markets.
• Removal of concerns connected to diversity.
• Earnings diversity.
• Step towards being a strong international brand.

Cons:

• Loss of comprehensive revenues from the regional markets.
• Boost in competition.
• Differences in cultures might resulted in a failure of the brand name particularly in Asian countries.
• Low incomes at initial levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Topcoder (A): Developing Software Through Crowdsourcing Case Solution Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba and so on might pose a serious danger to the market share of business. In this circumstance the business might consider presenting Click and Recommendations of Topcoder (A): Developing Software Through Crowdsourcing Case Solution shops. These shops with a low requirement of funds to settle would make it possible for the business to reach worldwide markets, without ending its domestic shops.

Pros:

• Low financial investment
• Lowering competition risk
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Earnings
• Low Operating Expense
• Easy new market entrance

Cons:

• Risk to the marketplace position
• Elimination of brand Uniqueness
• Removal of the great store experience.
• Risk of decline in elite sales.

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

Another choice that the business might consider, is to expand towards the international markets without closing its domestic stores that contributes to the huge part of incomes of the company. The benefits and drawbacks related to Alternative 3 are offered below;

Pros:

• Reducing competition threat
• Access to the world markets
• Increasing the size of consumer base
• Large Revenues
• Expedition of brand-new global markets.
• Boost in profits from global markets.
• Profits diversification.
• Action towards being a strong global brand.

Cons:

• Continuation of issues associated with variety.
• Distinctions in cultures could led to a failure of the brand particularly in Asian countries.
• Low revenues at initial levels.
• Increase in marketing expenditures to acquire market share.



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