Recommendations of The Bernard Madoff Financial Scam Case Solution

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Recommendations of The Bernard Madoff Financial Scam Case Study Solution

On the basis of above internal and external analysis of the company together with the evaluation of different options, the company is suggested to consider alternative 3. As alternative 3 would permit the company to broaden in international markets without any reduction in its regional profits and any deterioration of its market position. By considering Alternative 3, the company might preserve its store experience and brand uniqueness. It could also consider alternative 2 that might enable the business to access the markets without any possible investment. The company could pursue alternative 1 which would make it possible for the business to focus on potential international markets rather than the regional markets however as the business is extremely reliant on the local markets with 90% of its stores in the US, there fore pursuing option 1 would result in the considerable decline in company's profits. The business is advised to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of The Bernard Madoff Financial Scam Case Help Stores

The company has a long term market position in United States which can not be produced soon in the brand-new markets. The choice would help the company to expand in international markets along with the elimination of concerns raised in its local markets related to its variety.

Pros:

• Expedition of brand-new global markets.
• Increase in profits from global markets.
• Elimination of issues connected to variety.
• Earnings diversification.
• Step towards being a strong global brand.

Cons:

• Loss of comprehensive profits from the regional markets.
• Boost in competitors.
• Distinctions in cultures could resulted in a failure of the brand name particularly in Asian countries.
• Low profits at initial levels.
• Boost in marketing expenses to gain market share.

Alternative-2: Introduction of Click and Recommendations of The Bernard Madoff Financial Scam Case Help Stores

Alternative 2 includes the introduction of online market places through producing a correct company's site. With the increased trends towards online shopping, the online shops like Amazon, Alibaba etc. might posture a severe threat to the marketplace share of business. The competitors are moving towards click and Recommendations of The Bernard Madoff Financial Scam Case Help stores with Space presenting Piperline. This shift towards online markets might lower the earnings for company. In this scenario the business could consider presenting Click and Recommendations of The Bernard Madoff Financial Scam Case Help shops. These stores with a low requirement of funds to settle would allow the business to reach global markets, without ending its domestic stores. The benefits and drawbacks of option 2 are provided as follows;

Pros:

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

Cons:

• Danger to the marketplace position
• Elimination of brand name Originality
• Elimination of the excellent store experience.
• Risk of decrease in elite sales.

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

Another alternative that the business might consider, is to expand towards the worldwide markets without closing its domestic shops that contributes to the huge part of earnings of the business. The advantages and disadvantages associated with Alternative 3 are offered listed below;

Pros:

• Decreasing competition hazard
• Access to the world markets
• Increasing the size of consumer base
• Large Revenues
• Expedition of brand-new worldwide markets.
• Boost in profits from global markets.
• Income diversification.
• Step towards being a strong worldwide brand name.

Cons:

• Extension of concerns associated with diversity.
• Distinctions in cultures might resulted in a failure of the brand name particularly in Asian nations.
• Low revenues at preliminary levels.
• Increase in marketing expenses to acquire market share.



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