Recommendations of Michael Jackson The Rise And Fall Of The King Of Pop Case Analysis

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Recommendations of Michael Jackson The Rise And Fall Of The King Of Pop Case Study Analysis

On the basis of above internal and external analysis of the business along with the evaluation of numerous options, the business is recommended to consider alternative 3. As alternative 3 would allow the company to expand in worldwide markets without any reduction in its local profits and any deterioration of its market position. The company might pursue alternative 1 which would make it possible for the business to focus on prospective international markets rather than the regional markets however as the company is extremely dependent on the regional markets with 90% of its stores in the US, there fore pursuing option 1 would result in the significant decline in company's revenue.

Aletrnative-1: Expanding International Brick and Recommendations of Michael Jackson The Rise And Fall Of The King Of Pop Case Analysis Stores

The business has a long term market position in US which can not be created quickly in the brand-new markets. The choice would assist the business to expand in worldwide markets along with the removal of issues 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 variety.
• Earnings diversification.
• Step towards being a strong global brand.

Cons:

• Loss of substantial incomes from the regional markets.
• Boost in competitors.
• Differences in cultures might resulted in a failure of the brand especially in Asian countries.
• Low incomes at initial levels.
• Boost in marketing expenses to gain market share.

Alternative-2: Introduction of Click and Recommendations of Michael Jackson The Rise And Fall Of The King Of Pop Case Analysis Stores

Alternative 2 consists of the intro of online market places through producing an appropriate company's site. With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on could posture a severe threat to the market share of business. Furthermore, the competitors are shifting towards click and Recommendations of Michael Jackson The Rise And Fall Of The King Of Pop Case Solution shops with Space presenting Piperline. This shift towards online markets could reduce the profits for business. In this scenario the company might think about presenting Click and Recommendations of Michael Jackson The Rise And Fall Of The King Of Pop Case Help stores. These shops with a low requirement of funds to settle would allow the business to reach international markets, without ending its domestic shops. The pros and cons of alternative 2 are provided as follows;

Pros:

• Low financial investment
• Decreasing competition danger
• Access to the world markets
• Expanding consumer base
• Easy to handle
• Big Profits
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Threat to the marketplace position
• Elimination of brand Individuality
• Removal of the excellent store experience.
• Risk of decrease in elite sales.

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

Another option that the business could think about, is to broaden towards the worldwide markets without closing its domestic shops that contributes to the huge part of incomes of the company. The benefits and drawbacks associated with Alternative 3 are provided below;

Pros:

• Decreasing competitors threat
• Access to the world markets
• Enlarging customer base
• Large Earnings
• Expedition of new international markets.
• Boost in earnings from global markets.
• Profits diversity.
• Action towards being a strong international brand name.

Cons:

• Extension of issues related to variety.
• Distinctions in cultures could resulted in a failure of the brand name specifically in Asian countries.
• Low profits at preliminary levels.
• Boost in marketing expenditures to get market share.



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