Recommendations of Volvos Product Development Practices Focus On Safety Case Help

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Recommendations of Volvos Product Development Practices Focus On Safety Case Study Solution

On the basis of above internal and external analysis of the business in addition to the assessment of numerous alternatives, the business is recommended to think about alternative 3. As alternative 3 would permit the company to broaden in global markets without any reduction in its regional incomes and any deterioration of its market position. By considering Alternative 3, the business could keep its store experience and brand name originality. It might likewise consider alternative 2 that might enable the business to access the markets without any possible financial investment. Although, the business could pursue alternative 1 which would allow the business to concentrate on possible global markets instead of the local markets but as the company is extremely based on the local markets with 90% of its stores in the United States, there fore pursuing alternative 1 would result in the substantial decrease in business's profits. Therefore, the business is recommended to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Volvos Product Development Practices Focus On Safety Case Help Stores

Expansion towards worldwide markets through opening new shops in other Europe and Asian countries with closing domestic shops is although an excellent alternative for increasing the international presence of the company. However, the closing of domestic shops might extremely affect the incomes of the firm as above 90% of its shops are located locally and closing those stores would eventually reduce the revenues of the firm. The company has a long term market position in United States which can not be generated soon in the new markets. The choice would assist the company to expand in global markets together with the removal of issues raised in its regional markets associated with its diversity. The advantages and disadvantages for Option 1 are noted below;

Pros:

• Expedition of brand-new global markets.
• Increase in revenue from international markets.
• Removal of problems related to diversity.
• Profits diversity.
• Action towards being a strong international brand.

Cons:

• Loss of extensive revenues from the regional markets.
• Boost in competition.
• Differences in cultures might led to a failure of the brand especially in Asian countries.
• Low profits at preliminary levels.
• Increase in marketing expenses to get market share.

Alternative-2: Introduction of Click and Recommendations of Volvos Product Development Practices Focus On Safety Case Help Stores

Alternative 2 consists of the intro of online market locations through generating a proper business's website. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. could posture a severe threat to the market share of business. The competitors are moving towards click and Recommendations of Volvos Product Development Practices Focus On Safety Case Solution shops with Gap introducing Piperline. This shift towards online markets could lower the profits for business. In this situation the business could consider presenting Click and Recommendations of Volvos Product Development Practices Focus On Safety Case Analysis shops. These stores with a low requirement of funds to settle would make it possible for the business to reach global markets, without ending its domestic stores. The advantages and disadvantages of alternative 2 are offered as follows;

Pros:

• Low investment
• Reducing competitors risk
• Access to the world markets
• Enlarging customer base
• Easy to manage
• Large Earnings
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Risk to the marketplace position
• Removal of brand name Uniqueness
• Elimination of the excellent store experience.
• Risk of decline in elite sales.

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

Another alternative that the company might consider, is to broaden towards the international markets without closing its domestic stores that contributes to the major part of profits of the business. The pros and cons associated with Alternative 3 are given below;

Pros:

• Minimizing competition hazard
• Access to the world markets
• Enlarging customer base
• Large Revenues
• Expedition of new global markets.
• Increase in income from worldwide markets.
• Income diversification.
• Step towards being a strong worldwide brand.

Cons:

• Extension of issues connected to diversity.
• Differences in cultures might resulted in a failure of the brand name particularly in Asian nations.
• Low earnings at initial levels.
• Increase in marketing expenses to get market share.



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