Recommendations of A Note On The Global Insurance Industry And A Study Of Indian Insurance Markets Case Analysis

Home >> Ibs Center For Management Research >> A Note On The Global Insurance Industry And A Study Of Indian Insurance Markets >> Recommendations

Recommendations of A Note On The Global Insurance Industry And A Study Of Indian Insurance Markets Case Study Solution

On the basis of above internal and external analysis of the company along with the examination of various options, the business is suggested to consider alternative 3. As alternative 3 would permit the company to expand in worldwide markets without any reduction in its regional revenues and any deterioration of its market position. The company could pursue alternative 1 which would enable the company to focus on possible global markets rather than the regional markets however as the company is extremely reliant on the local markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the considerable decline in business's profits.

Aletrnative-1: Expanding International Brick and Recommendations of A Note On The Global Insurance Industry And A Study Of Indian Insurance Markets Case Analysis Stores

The business has a long term market position in US which can not be produced soon in the new markets. The option would help the company to broaden in worldwide markets along with the removal of problems raised in its local markets related to its diversity.

Pros:

• Expedition of brand-new worldwide markets.
• Boost in profits from worldwide markets.
• Removal of problems associated with diversity.
• Earnings diversification.
• Action towards being a strong worldwide brand.

Cons:

• Loss of extensive revenues from the regional markets.
• Increase in competition.
• Differences in cultures could led to a failure of the brand name especially in Asian nations.
• Low revenues at preliminary levels.
• Boost in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of A Note On The Global Insurance Industry And A Study Of Indian Insurance Markets Case Help Stores

With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on could present a severe risk to the market share of company. In this circumstance the company might consider presenting Click and Recommendations of A Note On The Global Insurance Industry And A Study Of Indian Insurance Markets Case Help stores. These stores with a low requirement of funds to settle would allow the business to reach international markets, without ending its domestic shops.

Pros:

• Low investment
• Decreasing competitors hazard
• Access to the world markets
• Increasing the size of customer base
• Easy to manage
• Big Revenues
• Low Operating Costs
• Easy brand-new market entryway

Cons:

• Danger to the marketplace position
• Elimination of brand name Originality
• Elimination of the great store experience.
• Risk of decline in elite sales.

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

Another alternative that the company could think about, is to expand towards the global markets without closing its domestic stores that adds to the huge part of revenues of the business. The benefits and drawbacks associated with Alternative 3 are given listed below;

Pros:

• Decreasing competitors hazard
• Access to the world markets
• Increasing the size of consumer base
• Large Earnings
• Exploration of new global markets.
• Increase in revenue from international markets.
• Income diversification.
• Step towards being a strong global brand name.

Cons:

• Continuation of issues connected to diversity.
• Differences in cultures might resulted in a failure of the brand specifically in Asian countries.
• Low earnings at initial levels.
• Boost in marketing expenditures to gain market share.



This is sample work and not applicable to real case study. Please place the order on the website to get your own originally done case solution.