Recommendations of Knowledge Management Best Practices At British Petroleum Case Help

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Recommendations of Knowledge Management Best Practices At British Petroleum Case Study Analysis

On the basis of above internal and external analysis of the company in addition to the assessment of various options, the company is suggested to think about alternative 3. As alternative 3 would enable the company to broaden in international markets with no reduction in its regional profits and any degeneration of its market position. By considering Alternative 3, the business could preserve its shop experience and brand originality. Nevertheless, it might also consider alternative 2 that could allow the business to access the marketplaces without any prospective financial investment. Although, the business could pursue alternative 1 which would make it possible for the company to concentrate on prospective worldwide markets instead of the local markets but as the company is extremely depending on the regional markets with 90% of its shops in the United States, there fore pursuing option 1 would result in the significant decrease in company's revenue. The business is suggested to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Knowledge Management Best Practices At British Petroleum Case Analysis Stores

The company has a long term market position in United States which can not be produced soon in the brand-new markets. The option would help the business to broaden in global markets along with the removal of issues raised in its regional markets related to its diversity.

Pros:

• Exploration of brand-new international markets.
• Boost in profits from worldwide markets.
• Removal of issues related to diversity.
• Earnings diversification.
• Step towards being a strong international brand.

Cons:

• Loss of comprehensive incomes from the regional markets.
• Increase in competition.
• Differences in cultures could caused a failure of the brand name particularly in Asian countries.
• Low incomes at initial levels.
• Boost in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Knowledge Management Best Practices At British Petroleum Case Help Stores

Alternative 2 includes the introduction of online market places through generating a correct company's site. With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on might posture a serious hazard to the market share of business. Furthermore, the competitors are moving towards click and Recommendations of Knowledge Management Best Practices At British Petroleum Case Solution stores with Gap introducing Piperline. This shift towards online markets might lower the incomes for company. In this situation the company could consider presenting Click and Recommendations of Knowledge Management Best Practices At British Petroleum Case Help shops. These stores with a low requirement of funds to settle would enable the company to reach international markets, without ending its domestic shops. The advantages and disadvantages of option 2 are offered as follows;

Pros:

• Low financial investment
• Lowering competitors threat
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Revenues
• Low Operating Costs
• Easy brand-new market entryway

Cons:

• Danger to the marketplace position
• Elimination of brand name Originality
• Elimination of the terrific shop experience.
• Danger of decrease in elite sales.

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

Another alternative that the business might think about, is to expand towards the international markets without closing its domestic shops that adds to the major part of incomes of the company. The benefits and drawbacks connected to Alternative 3 are offered below;

Pros:

• Decreasing competitors risk
• Access to the world markets
• Increasing the size of customer base
• Big Profits
• Expedition of new global markets.
• Boost in profits from global markets.
• Earnings diversification.
• Step towards being a strong international brand name.

Cons:

• Extension of concerns connected to diversity.
• Distinctions in cultures might caused a failure of the brand particularly in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenses to gain market share.



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