Recommendations of Supply Chain Management Practices At Nokia Corporation Case Solution

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Recommendations of Supply Chain Management Practices At Nokia Corporation Case Study Solution

On the basis of above internal and external analysis of the company in addition to the evaluation of various alternatives, the business is advised to consider alternative 3. As alternative 3 would allow the company to expand in global markets with no reduction in its regional revenues and any degeneration of its market position. By considering Alternative 3, the company could keep its store experience and brand uniqueness. It could likewise think about alternative 2 that might permit the business to access the markets without any potential investment. Although, the business might pursue alternative 1 which would make it possible for the business to concentrate on potential worldwide markets rather than the local markets but as the business is highly dependent on the local markets with 90% of its stores in the US, there fore pursuing alternative 1 would lead to the substantial decrease in company's income. The company is recommended to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Supply Chain Management Practices At Nokia Corporation Case Solution Stores

The business has a long term market position in US which can not be generated quickly in the brand-new markets. The alternative would assist the company to expand in global markets along with the elimination of concerns raised in its local markets related to its variety.

Pros:

• Exploration of brand-new international markets.
• Increase in income from worldwide markets.
• Removal of issues related to variety.
• Revenue diversification.
• Action towards being a strong worldwide brand.

Cons:

• Loss of substantial incomes from the local markets.
• Boost in competitors.
• Differences in cultures could led to a failure of the brand name especially in Asian nations.
• Low revenues at preliminary levels.
• Increase in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Supply Chain Management Practices At Nokia Corporation Case Analysis Stores

Alternative 2 includes the intro of online market places through generating a correct company's site. With the increased patterns towards online shopping, the online stores like Amazon, Alibaba and so on could posture an extreme danger to the market share of business. Furthermore, the competitors are shifting towards click and Recommendations of Supply Chain Management Practices At Nokia Corporation Case Analysis shops with Space introducing Piperline. This shift towards online markets could minimize the revenues for business. In this scenario the company might think about presenting Click and Recommendations of Supply Chain Management Practices At Nokia Corporation 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 shops. The pros and cons of alternative 2 are offered as follows;

Pros:

• Low financial investment
• Lowering competition danger
• Access to the world markets
• Increasing the size of consumer base
• Easy to manage
• Large Earnings
• Low Operating Expense
• Easy new market entryway

Cons:

• Risk to the market position
• Elimination of brand Individuality
• Elimination of the terrific 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 global markets without closing its domestic shops that adds to the huge part of profits of the business. The pros and cons associated with Alternative 3 are given below;

Pros:

• Minimizing competition risk
• Access to the world markets
• Expanding consumer base
• Big Incomes
• Expedition of brand-new global markets.
• Increase in earnings from international markets.
• Profits diversity.
• Step towards being a strong international brand name.

Cons:

• Extension of concerns connected to variety.
• Differences in cultures might led to a failure of the brand name particularly in Asian nations.
• Low earnings at initial levels.
• Boost in marketing expenditures to acquire market share.



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