Recommendations of Ongc’S Growth Strategy Case Help
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Recommendations of Ongc’S Growth Strategy Case Study Help
On the basis of above internal and external analysis of the business along with the evaluation of different alternatives, the company is advised to consider alternative 3. As alternative 3 would allow the business to expand in worldwide markets without any decrease in its regional profits and any wear and tear of its market position. The company might pursue alternative 1 which would make it possible for the business to focus on prospective global markets rather than the regional markets however as the company is extremely dependent on the regional markets with 90% of its shops in the US, there fore pursuing option 1 would result in the considerable decrease in company's profits.
Aletrnative-1: Expanding International Brick and Recommendations of Ongc’S Growth Strategy Case Help Stores
The business has a long term market position in US which can not be generated soon in the new markets. The option would assist the business to expand in worldwide markets along with the elimination of concerns raised in its local markets related to its diversity.
Pros:
• Exploration of brand-new worldwide markets.
• Boost in income from global markets.
• Removal of issues associated with variety.
• Earnings diversification.
• Action towards being a strong worldwide brand name.
Cons:
• Loss of substantial revenues from the regional markets.
• Increase in competition.
• Differences in cultures might led to a failure of the brand name particularly in Asian nations.
• Low earnings at preliminary levels.
• Increase in marketing expenses to gain market share.
Alternative-2: Introduction of Click and Recommendations of Ongc’S Growth Strategy Case Analysis Stores
Alternative 2 consists of the intro of online market places through creating a correct business's website. With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on might position a serious hazard to the marketplace share of business. The competitors are moving towards click and Recommendations of Ongc’S Growth Strategy Case Help stores with Gap introducing Piperline. This shift towards online markets could lower the incomes for company. In this situation the business could think about presenting Click and Recommendations of Ongc’S Growth Strategy Case Help shops. These shops with a low requirement of funds to settle would enable the business to reach international markets, without ending its domestic shops. The advantages and disadvantages of option 2 are offered as follows;
Pros:
• Low financial investment
• Minimizing competition threat
• Access to the world markets
• Expanding customer base
• Easy to manage
• Large Profits
• Low Operating Expense
• Easy brand-new market entrance
Cons:
• Threat to the market position
• Elimination of brand name Individuality
• Elimination of the excellent store experience.
• Risk of decline in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another alternative that the company could think about, is to expand towards the global markets without closing its domestic stores that contributes to the major part of incomes of the company. The pros and cons related to Alternative 3 are provided below;
Pros:
• Decreasing competitors danger
• Access to the world markets
• Increasing the size of consumer base
• Big Incomes
• Expedition of brand-new international markets.
• Boost in revenue from international markets.
• Profits diversity.
• Step towards being a strong global brand.
Cons:
• Extension of problems associated with diversity.
• Distinctions in cultures might caused a failure of the brand particularly in Asian nations.
• Low profits at preliminary levels.
• Boost in marketing expenses to get market share.
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