Recommendations of Sciquest.Coms B2b E-Marketplace Case Solution

Home >> Ibs Center For Management Research >> Sciquest.Coms B2b E-Marketplace >> Recommendations

Recommendations of Sciquest.Coms B2b E-Marketplace Case Study Analysis

On the basis of above internal and external analysis of the business along with the examination of different options, the business is recommended to think about alternative 3. As alternative 3 would enable the company to expand in worldwide markets with no reduction in its regional incomes and any deterioration of its market position. By thinking about Alternative 3, the business might keep its store experience and brand uniqueness. It could likewise consider alternative 2 that could permit the business to access the markets without any potential investment. The company might pursue alternative 1 which would make it possible for the company to focus on potential worldwide markets rather than the local markets however as the business is highly dependent on the local markets with 90% of its shops in the US, there fore pursuing alternative 1 would result in the substantial decrease in business's profits. For that reason, the company is recommended to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Sciquest.Coms B2b E-Marketplace Case Analysis Stores

Expansion towards global markets through opening brand-new stores in other Europe and Asian nations with closing domestic shops is although an excellent choice for increasing the global presence of the company. Nevertheless, the closing of domestic stores might extremely affect the earnings of the company as above 90% of its shops are located locally and closing those shops would ultimately decrease the revenues of the firm. Moreover, the business has a long term market position in United States which can not be created soon in the new markets. The option would help the business to expand in international markets together with the elimination of problems raised in its local markets associated with its diversity. The advantages and disadvantages for Alternative 1 are noted below;

Pros:

• Exploration of brand-new global markets.
• Boost in profits from global markets.
• Elimination of issues associated with variety.
• Earnings diversification.
• Step towards being a strong global brand name.

Cons:

• Loss of extensive profits from the local markets.
• Boost in competition.
• Differences in cultures might led to a failure of the brand name especially in Asian nations.
• Low earnings at initial levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Sciquest.Coms B2b E-Marketplace Case Solution Stores

With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on might position a severe hazard to the market share of company. In this circumstance the company might think about presenting Click and Recommendations of Sciquest.Coms B2b E-Marketplace Case Solution stores. These stores with a low requirement of funds to settle would make it possible for the business to reach international markets, without ending its domestic stores.

Pros:

• Low financial investment
• Reducing competition hazard
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Profits
• Low Operating Expense
• Easy brand-new market entrance

Cons:

• Danger to the market position
• Removal of brand name Originality
• Removal of the terrific shop experience.
• Danger of decline in elite sales.

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

Another option that the company might think about, is to expand towards the global markets without closing its domestic shops that contributes to the huge part of incomes of the business. The advantages and disadvantages related to Alternative 3 are given below;

Pros:

• Lowering competitors hazard
• Access to the world markets
• Enlarging customer base
• Big Incomes
• Expedition of brand-new worldwide markets.
• Increase in earnings from worldwide markets.
• Profits diversification.
• Action towards being a strong global brand.

Cons:

• Extension of problems connected to diversity.
• Distinctions in cultures might led to a failure of the brand especially in Asian countries.
• Low incomes at preliminary levels.
• Boost in marketing expenses to get market share.



This is sample work and not applicable to real case study. Please place the order on the website to get your own originally done case solution.