Recommendations of Henry Ford: A Great Innovator Case Analysis

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Recommendations of Henry Ford: A Great Innovator Case Study Analysis

On the basis of above internal and external analysis of the company together with the evaluation of various options, the business is recommended to think about alternative 3. As alternative 3 would permit the company to broaden in global markets without any decrease in its regional earnings and any wear and tear of its market position. By considering Alternative 3, the company could preserve its store experience and brand name uniqueness. It could likewise think about alternative 2 that could permit the business to access the markets without any prospective financial investment. The business could pursue alternative 1 which would make it possible for the business to focus on prospective global markets rather than the local markets however as the company is extremely reliant on the local markets with 90% of its shops in the United States, there fore pursuing option 1 would result in the significant decrease in business's earnings. For that reason, the company is suggested to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Henry Ford: A Great Innovator Case Analysis Stores

Expansion towards global markets through opening brand-new stores in other Europe and Asian nations with closing domestic shops is although a great alternative for increasing the worldwide existence of the company. The closing of domestic shops could extremely impact the incomes of the company as above 90% of its stores are situated locally and closing those shops would eventually decrease the revenues of the company. Furthermore, the company has a long term market position in United States which can not be created soon in the brand-new markets. The alternative would help the company to broaden in international markets in addition to the removal of issues raised in its local markets associated with its variety. The advantages and disadvantages for Alternative 1 are listed below;

Pros:

• Exploration of new worldwide markets.
• Increase in income from international markets.
• Elimination of issues connected to diversity.
• Earnings diversity.
• Action towards being a strong worldwide brand.

Cons:

• Loss of substantial incomes from the regional markets.
• Increase in competitors.
• Differences in cultures could caused a failure of the brand specifically in Asian countries.
• Low incomes at initial levels.
• Boost in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Henry Ford: A Great Innovator Case Analysis Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. might posture an extreme risk to the market share of business. In this situation the company could think about presenting Click and Recommendations of Henry Ford: A Great Innovator Case Analysis shops. These stores with a low requirement of funds to settle would allow the business to reach worldwide markets, without ending its domestic stores.

Pros:

• Low investment
• Lowering competitors risk
• Access to the world markets
• Increasing the size of customer base
• Easy to manage
• Big Revenues
• Low Operating Expense
• Easy brand-new market entrance

Cons:

• Risk to the marketplace position
• Removal of brand name Individuality
• Elimination of the terrific store experience.
• Risk of decline in elite sales.

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

Another alternative that the business could think about, is to broaden towards the worldwide markets without closing its domestic shops that adds to the major part of incomes of the company. The pros and cons connected to Alternative 3 are given listed below;

Pros:

• Reducing competitors risk
• Access to the world markets
• Enlarging consumer base
• Big Profits
• Expedition of brand-new international markets.
• Increase in earnings from global markets.
• Earnings diversification.
• Step towards being a strong global brand.

Cons:

• Continuation of issues connected to variety.
• Differences in cultures might led to a failure of the brand specifically in Asian nations.
• Low incomes at initial levels.
• Increase in marketing expenses to gain market share.



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