Recommendations of Corporate Philanthropy: Best Practices At Novartis Ag Case Solution

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Recommendations of Corporate Philanthropy: Best Practices At Novartis Ag Case Study Analysis

On the basis of above internal and external analysis of the business together with the examination of various options, the business is suggested to consider alternative 3. As alternative 3 would permit the company to broaden in international markets without any reduction in its regional revenues and any degeneration of its market position. By thinking about Alternative 3, the business could preserve its shop experience and brand originality. Nevertheless, it might likewise think about alternative 2 that might allow the business to access the marketplaces without any possible financial investment. The company could pursue alternative 1 which would allow the business to focus on prospective worldwide markets rather than the regional markets however as the company is extremely dependent on the regional markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the considerable decline in company's revenue. For that reason, the company is recommended to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Corporate Philanthropy: Best Practices At Novartis Ag Case Help Stores

The business has a long term market position in United States which can not be created quickly in the brand-new markets. The option would help the business to expand in global markets along with the elimination of concerns raised in its regional markets related to its diversity.

Pros:

• Exploration of new global markets.
• Increase in earnings from global markets.
• Elimination of problems related to variety.
• Revenue diversification.
• Action towards being a strong worldwide brand.

Cons:

• Loss of substantial earnings from the local markets.
• Boost in competitors.
• Differences in cultures might resulted in a failure of the brand particularly in Asian nations.
• Low revenues at preliminary levels.
• Increase in marketing expenses to get market share.

Alternative-2: Introduction of Click and Recommendations of Corporate Philanthropy: Best Practices At Novartis Ag Case Analysis Stores

Alternative 2 includes the introduction of online market places through producing a correct business's site. With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on might present a severe hazard to the marketplace share of company. The rivals are shifting towards click and Recommendations of Corporate Philanthropy: Best Practices At Novartis Ag Case Solution shops with Space introducing Piperline. This shift towards online markets might decrease the earnings for company. In this circumstance the company could consider introducing Click and Recommendations of Corporate Philanthropy: Best Practices At Novartis Ag Case Analysis stores. These shops with a low requirement of funds to settle would allow the company to reach global markets, without ending its domestic stores. The pros and cons of option 2 are offered as follows;

Pros:

• Low financial investment
• Lowering competitors hazard
• Access to the world markets
• Enlarging consumer base
• Easy to manage
• Big Revenues
• Low Operating Expense
• Easy new market entryway

Cons:

• Danger to the market position
• Elimination of brand name Uniqueness
• Elimination of the excellent shop experience.
• Threat of decrease in elite sales.

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

Another alternative that the company could consider, is to broaden towards the worldwide markets without closing its domestic stores that adds to the huge part of earnings of the business. The pros and cons related to Alternative 3 are offered below;

Pros:

• Reducing competition hazard
• Access to the world markets
• Increasing the size of consumer base
• Big Incomes
• Expedition of brand-new worldwide markets.
• Boost in earnings from global markets.
• Earnings diversification.
• Action towards being a strong worldwide brand.

Cons:

• Continuation of concerns connected to diversity.
• Distinctions in cultures could led to a failure of the brand name specifically in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenditures to acquire market share.



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