Recommendations of Ford The Way Forward Restructuring Plan Case Help
Home >> Ibs Center For Management Research >> Ford The Way Forward Restructuring Plan >> Recommendations
Recommendations of Ford The Way Forward Restructuring Plan Case Study Analysis
On the basis of above internal and external analysis of the business along with the examination of different options, the business is recommended to think about alternative 3. As alternative 3 would allow the company to expand in global markets without any reduction in its local incomes and any wear and tear of its market position. The company might pursue alternative 1 which would enable the company to focus on potential worldwide markets rather than the local markets however as the business is highly dependent on the regional markets with 90% of its shops in the US, there fore pursuing option 1 would result in the considerable decline in business's profits.
Aletrnative-1: Expanding International Brick and Recommendations of Ford The Way Forward Restructuring Plan Case Solution Stores
Expansion towards international markets through opening brand-new stores in other Europe and Asian countries with closing domestic shops is although a good alternative for increasing the worldwide existence of the company. The closing of domestic shops could extremely impact the earnings of the company as above 90% of its stores are located domestically and closing those stores would eventually minimize the incomes of the firm. The business has a long term market position in United States which can not be produced soon in the brand-new markets. The alternative would assist the company to expand in worldwide markets together with the removal of issues raised in its local markets associated with its variety. The pros and Cons for Option 1 are noted below;
Pros:
• Expedition of brand-new international markets.
• Increase in revenue from global markets.
• Elimination of problems connected to variety.
• Revenue diversification.
• Step towards being a strong global brand.
Cons:
• Loss of substantial revenues from the local markets.
• Boost in competition.
• Distinctions in cultures could led to a failure of the brand especially in Asian nations.
• Low profits at initial levels.
• Increase in marketing expenditures to gain market share.
Alternative-2: Introduction of Click and Recommendations of Ford The Way Forward Restructuring Plan Case Help Stores
Alternative 2 consists of the intro of online market locations through generating an appropriate company's website. With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. might present a serious hazard to the market share of business. Additionally, the competitors are moving towards click and Recommendations of Ford The Way Forward Restructuring Plan Case Solution stores with Space introducing Piperline. This shift towards online markets might reduce the earnings for business. In this scenario the company could consider presenting Click and Recommendations of Ford The Way Forward Restructuring Plan Case Solution stores. These shops with a low requirement of funds to settle would allow the company to reach international markets, without ending its domestic shops. The pros and cons of option 2 are given as follows;
Pros:
• Low financial investment
• Reducing competitors danger
• Access to the world markets
• Expanding customer base
• Easy to handle
• Big Profits
• Low Operating Costs
• Easy brand-new market entrance
Cons:
• Threat to the marketplace position
• Elimination of brand name Uniqueness
• Elimination of the fantastic shop experience.
• Risk of decrease in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another alternative that the business could consider, is to expand towards the global markets without closing its domestic stores that adds to the huge part of incomes of the company. The pros and cons associated with Alternative 3 are given listed below;
Pros:
• Reducing competitors risk
• Access to the world markets
• Increasing the size of consumer base
• Large Profits
• Expedition of brand-new global markets.
• Boost in profits from global markets.
• Revenue diversification.
• Step towards being a strong international brand.
Cons:
• Extension of issues connected to diversity.
• Differences in cultures could resulted in a failure of the brand specifically in Asian countries.
• Low profits at preliminary levels.
• Increase in marketing expenses to acquire 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.