Recommendations of Hp At Cultural Crossroads Case Help
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Recommendations of Hp At Cultural Crossroads Case Study Help
On the basis of above internal and external analysis of the business along with the assessment of different alternatives, the company is recommended to consider alternative 3. As alternative 3 would allow the company to broaden in global markets without any reduction in its regional incomes and any degeneration of its market position. The company might pursue alternative 1 which would allow the company to focus on potential international markets rather than the local markets but as the company is highly reliant on the local markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the significant decline in company's profits.
Aletrnative-1: Expanding International Brick and Recommendations of Hp At Cultural Crossroads Case Analysis Stores
The business has a long term market position in United States which can not be generated quickly in the new markets. The alternative would assist the company to expand in global markets along with the elimination of concerns raised in its regional markets related to its diversity.
Pros:
• Expedition of brand-new worldwide markets.
• Boost in profits from global markets.
• Elimination of problems connected to diversity.
• Profits diversification.
• Step towards being a strong worldwide brand name.
Cons:
• Loss of comprehensive revenues from the regional markets.
• Boost in competition.
• Distinctions in cultures could caused a failure of the brand especially in Asian countries.
• Low earnings at preliminary levels.
• Increase in marketing expenses to gain market share.
Alternative-2: Introduction of Click and Recommendations of Hp At Cultural Crossroads Case Solution Stores
Alternative 2 consists of the introduction of online market locations through producing an appropriate business's site. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on could posture a severe risk to the market share of company. Moreover, the competitors are shifting towards click and Recommendations of Hp At Cultural Crossroads Case Analysis shops with Space introducing Piperline. This shift towards online markets could decrease the revenues for company. In this scenario the company might think about presenting Click and Recommendations of Hp At Cultural Crossroads Case Help stores. These stores with a low requirement of funds to settle would enable the business to reach global markets, without ending its domestic stores. The advantages and disadvantages of alternative 2 are provided as follows;
Pros:
• Low investment
• Decreasing competitors hazard
• Access to the world markets
• Expanding customer base
• Easy to manage
• Big Revenues
• Low Operating Expense
• Easy brand-new market entryway
Cons:
• Risk to the marketplace position
• Removal of brand name Originality
• Elimination of the fantastic shop experience.
• Threat of decline in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another option that the company could consider, is to broaden towards the international markets without closing its domestic shops that adds to the major part of revenues of the company. The pros and cons connected to Alternative 3 are given below;
Pros:
• Decreasing competition risk
• Access to the world markets
• Enlarging consumer base
• Large Earnings
• Expedition of new worldwide markets.
• Boost in income from global markets.
• Earnings diversification.
• Step towards being a strong worldwide brand name.
Cons:
• Extension of problems related to variety.
• Distinctions in cultures could resulted in a failure of the brand especially in Asian countries.
• Low profits at preliminary levels.
• Boost in marketing expenses to get market share.
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