Recommendations of Hondas Marketing Strategies In India Case Help

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Recommendations of Hondas Marketing Strategies In India Case Study Help

On the basis of above internal and external analysis of the company along with the examination of various alternatives, the company is advised to consider alternative 3. As alternative 3 would allow the company to expand in global markets with no decrease in its regional profits and any deterioration of its market position. By considering Alternative 3, the business could keep its store experience and brand name uniqueness. Nevertheless, it could likewise consider alternative 2 that might permit the business to access the markets without any potential financial investment. Although, the business might pursue alternative 1 which would allow the business to concentrate on possible worldwide markets instead of the regional markets however as the business is extremely depending on the local markets with 90% of its stores in the US, there fore pursuing option 1 would result in the considerable decrease in business's income. The business is recommended to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Hondas Marketing Strategies In India Case Solution Stores

The business has a long term market position in US which can not be produced soon in the new markets. The choice would help the business to broaden in global markets along with the elimination of issues raised in its local markets related to its variety.

Pros:

• Expedition of brand-new global markets.
• Boost in income from international markets.
• Elimination of problems related to variety.
• Earnings diversification.
• Action towards being a strong global brand name.

Cons:

• Loss of comprehensive earnings from the regional markets.
• Increase in competitors.
• Differences in cultures could caused a failure of the brand especially in Asian nations.
• Low incomes at initial levels.
• Boost in marketing expenditures to gain market share.

Alternative-2: Introduction of Click and Recommendations of Hondas Marketing Strategies In India Case Solution Stores

Alternative 2 consists of the introduction of online market places through generating an appropriate business's website. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. could present an extreme risk to the marketplace share of company. The rivals are moving towards click and Recommendations of Hondas Marketing Strategies In India Case Analysis shops with Space introducing Piperline. This shift towards online markets might minimize the revenues for business. In this circumstance the business could consider introducing Click and Recommendations of Hondas Marketing Strategies In India Case Help stores. These stores with a low requirement of funds to settle would make it possible for the company to reach worldwide markets, without ending its domestic stores. The advantages and disadvantages of option 2 are provided as follows;

Pros:

• Low investment
• Decreasing competitors risk
• Access to the world markets
• Increasing the size of consumer base
• Easy to handle
• Big Revenues
• Low Operating Costs
• Easy brand-new market entryway

Cons:

• Risk to the market position
• Elimination of brand name Uniqueness
• Elimination of the fantastic shop experience.
• Risk of decline in elite sales.

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

Another choice that the business could consider, is to broaden towards the global markets without closing its domestic shops that contributes to the huge part of profits of the company. The pros and cons related to Alternative 3 are provided listed below;

Pros:

• Reducing competitors hazard
• Access to the world markets
• Increasing the size of consumer base
• Big Earnings
• Expedition of new international markets.
• Increase in income from global markets.
• Profits diversification.
• Action towards being a strong global brand.

Cons:

• Extension of problems connected to diversity.
• Distinctions in cultures could led to a failure of the brand particularly in Asian nations.
• Low revenues at initial levels.
• Boost in marketing expenses to gain market share.



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