Recommendations of The Sociã©Tã© Gã©Nã©Rale Fiasco: Lessons In Risk Management Case Analysis

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Recommendations of The Sociã©Tã© Gã©Nã©Rale Fiasco: Lessons In Risk Management Case Study Solution

On the basis of above internal and external analysis of the business in addition to the assessment of different alternatives, the business is advised to consider alternative 3. As alternative 3 would allow the company to expand in worldwide markets with no decrease in its regional incomes and any deterioration of its market position. By thinking about Alternative 3, the company could maintain its store experience and brand originality. It could likewise think about alternative 2 that might permit the company to access the markets without any prospective investment. The business might pursue alternative 1 which would enable the company to focus on potential international markets rather than the regional markets however as the company is extremely dependent on the regional markets with 90% of its shops in the US, there fore pursuing alternative 1 would result in the substantial decline in business's income. The company is recommended to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of The Sociã©Tã© Gã©Nã©Rale Fiasco: Lessons In Risk Management Case Help Stores

The business has a long term market position in United States which can not be created soon in the brand-new markets. The alternative would assist the company to broaden in worldwide markets along with the elimination of issues raised in its local markets related to its diversity.

Pros:

• Exploration of brand-new global markets.
• Boost in revenue from worldwide markets.
• Elimination of issues connected to diversity.
• Income diversity.
• Step towards being a strong international brand name.

Cons:

• Loss of substantial profits from the local markets.
• Increase in competition.
• Distinctions in cultures could resulted in a failure of the brand name specifically in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenditures to acquire market share.

Alternative-2: Introduction of Click and Recommendations of The Sociã©Tã© Gã©Nã©Rale Fiasco: Lessons In Risk Management Case Help Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba and so on might pose a severe risk to the market share of business. In this situation the business might consider presenting Click and Recommendations of The Sociã©Tã© Gã©Nã©Rale Fiasco: Lessons In Risk Management Case Help stores. These shops with a low requirement of funds to settle would make it possible for the company to reach global markets, without ending its domestic stores.

Pros:

• Low financial investment
• Minimizing competitors hazard
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Profits
• Low Operating Expense
• Easy new market entryway

Cons:

• Hazard to the marketplace position
• Removal of brand name Individuality
• Removal of the great shop experience.
• Risk of decline 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 worldwide markets without closing its domestic shops that adds to the huge part of incomes of the business. The pros and cons associated with Alternative 3 are given listed below;

Pros:

• Lowering competition threat
• Access to the world markets
• Expanding customer base
• Big Profits
• Exploration of new international markets.
• Increase in income from worldwide markets.
• Income diversity.
• Action towards being a strong worldwide brand.

Cons:

• Extension of issues associated with diversity.
• Distinctions in cultures might resulted in a failure of the brand specifically in Asian countries.
• Low earnings at preliminary levels.
• Boost in marketing expenses to gain market share.



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