Recommendations of The Fall Of Mg Rover Case Solution
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Recommendations of The Fall Of Mg Rover Case Study Solution
On the basis of above internal and external analysis of the company in addition to the assessment of various options, the company is recommended to consider alternative 3. As alternative 3 would enable the company to broaden in worldwide markets without any reduction in its regional earnings and any degeneration of its market position. By thinking about Alternative 3, the business could preserve its store experience and brand name uniqueness. Nevertheless, it could also think about alternative 2 that could allow the company to access the markets with no possible financial investment. Although, the business could pursue alternative 1 which would allow the company to focus on prospective worldwide markets instead of the local markets but as the business is extremely based on the local markets with 90% of its shops in the United States, there fore pursuing alternative 1 would lead to the considerable decline in company's revenue. Therefore, the company is recommended to think about alternative 3.
Aletrnative-1: Expanding International Brick and Recommendations of The Fall Of Mg Rover Case Solution Stores
Expansion towards international markets through opening brand-new stores in other Europe and Asian nations with closing domestic shops is although an excellent choice for increasing the worldwide presence of the business. The closing of domestic shops might extremely affect the revenues of the company as above 90% of its shops are located domestically and closing those stores would ultimately lower the incomes of the company. The company has a long term market position in United States which can not be created quickly in the brand-new markets. The choice would assist the business to broaden in global markets along with the elimination of concerns raised in its local markets related to its diversity. The benefits and drawbacks for Alternative 1 are noted below;
Pros:
• Expedition of new worldwide markets.
• Boost in profits from worldwide markets.
• Removal of issues connected to diversity.
• Profits diversity.
• Step towards being a strong international brand name.
Cons:
• Loss of extensive earnings from the local markets.
• Increase in competition.
• Distinctions in cultures could caused a failure of the brand name specifically in Asian nations.
• Low profits at preliminary levels.
• Boost in marketing expenses to acquire market share.
Alternative-2: Introduction of Click and Recommendations of The Fall Of Mg Rover Case Analysis Stores
With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. could position a serious hazard to the market share of company. In this scenario the business could think about introducing Click and Recommendations of The Fall Of Mg Rover Case Help stores. These stores with a low requirement of funds to settle would make it possible for the company to reach international markets, without ending its domestic shops.
Pros:
• Low investment
• Decreasing competition risk
• Access to the world markets
• Enlarging consumer base
• Easy to manage
• Large Profits
• Low Operating Expense
• Easy new market entrance
Cons:
• Threat to the marketplace position
• Removal of brand Individuality
• Elimination of the fantastic store experience.
• Threat of decrease in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another option that the business might consider, is to broaden towards the global markets without closing its domestic shops that contributes to the major part of profits of the company. The pros and cons associated with Alternative 3 are offered listed below;
Pros:
• Decreasing competitors risk
• Access to the world markets
• Expanding customer base
• Large Earnings
• Exploration of new worldwide markets.
• Boost in earnings from international markets.
• Earnings diversity.
• Action towards being a strong worldwide brand.
Cons:
• Continuation of issues related to diversity.
• Distinctions in cultures might caused a failure of the brand name especially in Asian countries.
• Low earnings at preliminary levels.
• Boost in marketing expenses to get market share.
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