Recommendations of The Exxon Valdez Oil Spill Case Solution

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Recommendations of The Exxon Valdez Oil Spill Case Study Analysis

On the basis of above internal and external analysis of the company along with the assessment of numerous alternatives, the business is recommended to think about alternative 3. As alternative 3 would enable the business to broaden in global markets without any reduction in its local profits and any deterioration of its market position. The company could pursue alternative 1 which would make it possible for the business to focus on possible international markets rather than the regional markets but as the business is extremely dependent on the local markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the substantial decrease in business's earnings.

Aletrnative-1: Expanding International Brick and Recommendations of The Exxon Valdez Oil Spill Case Help Stores

Expansion towards worldwide markets through opening new shops in other Europe and Asian nations with closing domestic shops is although a great choice for increasing the global presence of the company. Nevertheless, the closing of domestic stores might extremely impact the revenues of the firm as above 90% of its shops lie locally and closing those stores would eventually minimize the earnings of the company. The business has a long term market position in US which can not be produced quickly in the brand-new markets. The option would help the business to expand in global markets along with the elimination of issues raised in its local markets connected to its diversity. The advantages and disadvantages for Option 1 are noted below;

Pros:

• Exploration of brand-new international markets.
• Boost in income from worldwide markets.
• Removal of issues connected to variety.
• Income diversity.
• Action towards being a strong worldwide brand.

Cons:

• Loss of comprehensive profits from the regional markets.
• Boost in competitors.
• Distinctions in cultures could led to a failure of the brand especially in Asian nations.
• Low incomes at preliminary levels.
• Increase in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of The Exxon Valdez Oil Spill Case Solution Stores

Alternative 2 consists of 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 present an extreme threat to the market share of business. The competitors are moving towards click and Recommendations of The Exxon Valdez Oil Spill Case Analysis stores with Gap introducing Piperline. This shift towards online markets could lower the incomes for company. In this scenario the business could consider presenting Click and Recommendations of The Exxon Valdez Oil Spill Case Analysis stores. These shops with a low requirement of funds to settle would enable the business to reach global markets, without ending its domestic shops. The benefits and drawbacks of alternative 2 are offered as follows;

Pros:

• Low financial investment
• Minimizing competition threat
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Revenues
• Low Operating Costs
• Easy new market entryway

Cons:

• Threat to the market position
• Removal of brand name Uniqueness
• Elimination of the great store experience.
• Danger of decrease in elite sales.

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

Another alternative that the company might think about, is to expand towards the worldwide markets without closing its domestic shops that contributes to the huge part of profits of the business. The advantages and disadvantages connected to Alternative 3 are given listed below;

Pros:

• Reducing competitors hazard
• Access to the world markets
• Expanding customer base
• Large Earnings
• Expedition of new international markets.
• Boost in earnings from global markets.
• Income diversity.
• Step towards being a strong international brand.

Cons:

• Continuation of issues connected to variety.
• Differences in cultures might caused a failure of the brand name especially in Asian countries.
• Low profits at initial levels.
• Increase in marketing expenses to gain market share.



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