Recommendations of Grameen Banks Village Phone Initiative Connecting Rural Bangladesh To The World Case Analysis

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Recommendations of Grameen Banks Village Phone Initiative Connecting Rural Bangladesh To The World Case Study Help

On the basis of above internal and external analysis of the business together with the examination of various alternatives, the company is advised to think about alternative 3. As alternative 3 would permit the business to expand in international markets with no decrease in its regional revenues and any deterioration of its market position. By considering Alternative 3, the business could keep its store experience and brand name originality. However, it might likewise think about alternative 2 that could allow the business to access the marketplaces with no prospective investment. The company might pursue alternative 1 which would enable the business to focus on possible global markets rather than the regional markets however as the company is highly reliant on the local markets with 90% of its stores in the United States, there fore pursuing alternative 1 would result in the substantial decline in business's income. The company is suggested to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Grameen Banks Village Phone Initiative Connecting Rural Bangladesh To The World Case Help Stores

The company has a long term market position in US which can not be created quickly in the new markets. The option would assist the company to broaden in global markets along with the elimination of concerns raised in its regional markets related to its diversity.

Pros:

• Exploration of brand-new international markets.
• Boost in income from global markets.
• Elimination of concerns related to variety.
• Earnings diversity.
• Action towards being a strong worldwide brand name.

Cons:

• Loss of comprehensive profits from the local markets.
• Increase in competitors.
• Differences in cultures could resulted in a failure of the brand name especially in Asian countries.
• Low incomes at preliminary levels.
• Increase in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Grameen Banks Village Phone Initiative Connecting Rural Bangladesh To The World Case Help Stores

Alternative 2 includes the intro of online market places through producing a proper business's website. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on might pose a serious danger to the marketplace share of company. Moreover, the competitors are shifting towards click and Recommendations of Grameen Banks Village Phone Initiative Connecting Rural Bangladesh To The World Case Analysis shops with Gap introducing Piperline. This shift towards online markets could reduce the incomes for business. In this situation the company could think about presenting Click and Recommendations of Grameen Banks Village Phone Initiative Connecting Rural Bangladesh To The World Case Help stores. These stores with a low requirement of funds to settle would enable the company to reach worldwide markets, without ending its domestic shops. The benefits and drawbacks of alternative 2 are given as follows;

Pros:

• Low financial investment
• Reducing competition hazard
• Access to the world markets
• Expanding customer base
• Easy to manage
• Large Revenues
• Low Operating Costs
• Easy brand-new market entryway

Cons:

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

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

Another alternative that the company might think about, is to broaden towards the worldwide markets without closing its domestic stores that contributes to the major part of revenues of the business. The advantages and disadvantages associated with Alternative 3 are given listed below;

Pros:

• Lowering competition risk
• Access to the world markets
• Enlarging consumer base
• Big Incomes
• Exploration of new worldwide markets.
• Increase in earnings from international markets.
• Profits diversity.
• Action towards being a strong worldwide brand name.

Cons:

• Continuation of issues connected to diversity.
• Distinctions in cultures could resulted in a failure of the brand particularly in Asian nations.
• Low earnings at initial levels.
• Boost in marketing expenses to get market share.



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