Recommendations of Best Buys Supply Chain Management Practices A Customer-Centric Approach To Business Case Help

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Recommendations of Best Buys Supply Chain Management Practices A Customer-Centric Approach To Business Case Study Help

On the basis of above internal and external analysis of the company together with the examination of numerous options, the business is advised to consider alternative 3. As alternative 3 would allow the business to broaden in international markets with no decrease in its regional incomes and any deterioration of its market position. By thinking about Alternative 3, the company might keep its store experience and brand uniqueness. It could also think about alternative 2 that could permit the business to access the markets without any possible financial investment. The business might pursue alternative 1 which would enable the business to focus on prospective global markets rather than the local markets but as the business is highly dependent on the regional markets with 90% of its stores in the US, there fore pursuing option 1 would result in the substantial decrease in business's earnings. The business is advised to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Best Buys Supply Chain Management Practices A Customer-Centric Approach To Business Case Help Stores

The business has a long term market position in United States which can not be generated quickly in the brand-new markets. The alternative would assist the business to broaden in global markets along with the elimination of concerns raised in its local markets related to its diversity.

Pros:

• Exploration of new global markets.
• Increase in income from international markets.
• Elimination of issues connected to diversity.
• Income diversification.
• Action towards being a strong global brand name.

Cons:

• Loss of substantial profits from the local markets.
• Boost in competition.
• Differences in cultures could led to a failure of the brand name specifically in Asian nations.
• Low profits at preliminary levels.
• Increase in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Best Buys Supply Chain Management Practices A Customer-Centric Approach To Business Case Analysis Stores

With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. could present a severe hazard to the market share of company. In this scenario the business might think about presenting Click and Recommendations of Best Buys Supply Chain Management Practices A Customer-Centric Approach To Business Case Analysis stores. These shops with a low requirement of funds to settle would enable the business to reach international markets, without ending its domestic shops.

Pros:

• Low investment
• Reducing competitors threat
• Access to the world markets
• Enlarging consumer base
• Easy to manage
• Big Earnings
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Danger to the marketplace position
• Removal of brand Originality
• Removal of the great shop experience.
• Threat of decline in elite sales.

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

Another option that the company could think about, is to expand towards the global markets without closing its domestic shops that contributes to the huge part of profits of the business. The advantages and disadvantages associated with Alternative 3 are given below;

Pros:

• Minimizing competitors threat
• Access to the world markets
• Expanding customer base
• Big Earnings
• Expedition of brand-new international markets.
• Increase in revenue from international markets.
• Income diversity.
• Step towards being a strong international brand.

Cons:

• Continuation of concerns associated with variety.
• Distinctions in cultures could led to a failure of the brand especially in Asian countries.
• Low revenues at initial levels.
• Boost in marketing expenses to gain market share.



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