Recommendations of Case Flash Forward: Ges Two-Decade Transformation: Jack Welchs Leadership Case Help
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Recommendations of Case Flash Forward: Ges Two-Decade Transformation: Jack Welchs Leadership Case Study Analysis
On the basis of above internal and external analysis of the company along with the evaluation of different options, the company is advised to think about alternative 3. As alternative 3 would permit the company to broaden in worldwide markets with no reduction in its regional incomes and any wear and tear of its market position. By considering Alternative 3, the company could maintain its shop experience and brand name individuality. It might also think about alternative 2 that could enable the company to access the markets without any prospective investment. Although, the business might pursue alternative 1 which would make it possible for the company to concentrate on potential global markets rather than the local markets however as the business is highly depending on the local markets with 90% of its stores in the US, there fore pursuing option 1 would result in the substantial decline in business's profits. The business is advised to consider alternative 3.
Aletrnative-1: Expanding International Brick and Recommendations of Case Flash Forward: Ges Two-Decade Transformation: Jack Welchs Leadership Case Solution Stores
Growth towards worldwide markets through opening brand-new stores in other Europe and Asian countries with closing domestic stores is although a good alternative for increasing the international presence of the company. Nevertheless, the closing of domestic stores could highly affect the revenues of the firm as above 90% of its shops are located locally and closing those shops would eventually decrease the incomes of the company. The business has a long term market position in United States which can not be generated quickly in the new markets. The alternative would assist the company to expand in international markets together with the removal of issues raised in its local markets associated with its diversity. The advantages and disadvantages for Alternative 1 are noted below;
Pros:
• Exploration of new worldwide markets.
• Boost in profits from international markets.
• Removal of concerns connected to variety.
• Earnings diversification.
• Step towards being a strong international brand name.
Cons:
• Loss of extensive profits from the local markets.
• Increase in competition.
• Differences in cultures might led to a failure of the brand name specifically in Asian countries.
• Low profits at initial levels.
• Boost in marketing expenditures to gain market share.
Alternative-2: Introduction of Click and Recommendations of Case Flash Forward: Ges Two-Decade Transformation: Jack Welchs Leadership Case Analysis Stores
Alternative 2 includes the introduction of online market locations through creating an appropriate company's site. With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on might pose a severe hazard to the marketplace share of business. The competitors are moving towards click and Recommendations of Case Flash Forward: Ges Two-Decade Transformation: Jack Welchs Leadership Case Help stores with Space introducing Piperline. This shift towards online markets could lower the incomes for company. In this circumstance the company could think about presenting Click and Recommendations of Case Flash Forward: Ges Two-Decade Transformation: Jack Welchs Leadership Case Analysis shops. These stores with a low requirement of funds to settle would allow the company to reach worldwide markets, without ending its domestic shops. The advantages and disadvantages of alternative 2 are offered as follows;
Pros:
• Low investment
• Minimizing competitors risk
• Access to the world markets
• Enlarging customer base
• Easy to handle
• Large Revenues
• Low Operating Expense
• Easy brand-new market entryway
Cons:
• Hazard to the market position
• Elimination of brand name Originality
• Elimination of the terrific store experience.
• Danger of decrease in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another alternative that the business might think about, is to broaden towards the global markets without closing its domestic stores that adds to the huge part of profits of the company. The advantages and disadvantages connected to Alternative 3 are offered listed below;
Pros:
• Lowering competition threat
• Access to the world markets
• Expanding consumer base
• Large Incomes
• Expedition of brand-new global markets.
• Boost in profits from international markets.
• Profits diversification.
• Action towards being a strong worldwide brand.
Cons:
• Continuation of issues associated with variety.
• Distinctions in cultures could caused a failure of the brand especially in Asian nations.
• Low incomes at initial levels.
• Increase in marketing expenditures to gain market share.
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