Recommendations of The Tajs People Philosophy And Star System Case Help

Home >> Ibs Center For Management Research >> The Tajs People Philosophy And Star System >> Recommendations

Recommendations of The Tajs People Philosophy And Star System Case Study Analysis

On the basis of above internal and external analysis of the business in addition to the examination of different alternatives, the company is recommended to consider alternative 3. As alternative 3 would enable the business to broaden in international markets without any reduction in its regional earnings and any wear and tear of its market position. By considering Alternative 3, the business could preserve its store experience and brand name individuality. It could also consider alternative 2 that might enable the business to access the markets without any potential investment. The company might pursue alternative 1 which would enable the business to focus on potential global markets rather than the local markets but as the company is extremely dependent on the regional markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the significant decrease in business's income. For that reason, the company is recommended to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of The Tajs People Philosophy And Star System Case Solution Stores

Growth towards international markets through opening brand-new shops in other Europe and Asian countries with closing domestic stores is although an excellent choice for increasing the global presence of the company. Nevertheless, the closing of domestic shops might highly affect the profits of the firm as above 90% of its shops lie domestically and closing those stores would ultimately decrease the incomes of the firm. The company has a long term market position in United States which can not be generated quickly in the brand-new markets. The alternative would help the business to broaden in international markets together with the elimination of issues raised in its local markets associated with its diversity. The benefits and drawbacks for Option 1 are listed below;

Pros:

• Exploration of new worldwide markets.
• Increase in earnings from international markets.
• Removal of problems related to variety.
• Profits diversity.
• Action towards being a strong worldwide brand name.

Cons:

• Loss of comprehensive revenues from the local markets.
• Boost in competition.
• Distinctions in cultures might resulted in a failure of the brand especially in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenses to gain market share.

Alternative-2: Introduction of Click and Recommendations of The Tajs People Philosophy And Star System Case Help Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. might pose an extreme risk to the market share of business. In this circumstance the company might think about introducing Click and Recommendations of The Tajs People Philosophy And Star System Case Analysis stores. These stores with a low requirement of funds to settle would make it possible for the business to reach worldwide markets, without ending its domestic shops.

Pros:

• Low financial investment
• Decreasing competitors danger
• Access to the world markets
• Increasing the size of consumer base
• Easy to manage
• Big Incomes
• Low Operating Expense
• Easy brand-new market entryway

Cons:

• Hazard to the market position
• Elimination of brand Individuality
• Removal of the excellent shop experience.
• Threat of decline in elite sales.

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

Another alternative that the company could consider, is to expand towards the worldwide markets without closing its domestic stores that adds to the major part of revenues of the company. The advantages and disadvantages associated with Alternative 3 are offered below;

Pros:

• Reducing competition danger
• Access to the world markets
• Expanding consumer base
• Big Earnings
• Exploration of brand-new global markets.
• Boost in revenue from global markets.
• Income diversification.
• Action towards being a strong international brand.

Cons:

• Continuation of issues connected to variety.
• Distinctions in cultures could caused a failure of the brand especially in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenses to gain market share.



This is sample work and not applicable to real case study. Please place the order on the website to get your own originally done case solution.