Recommendations of Volvos Product Development Practices: Focus On Safety Case Help

Home >> Ibs Center For Management Research >> Volvos Product Development Practices: Focus On Safety >> Recommendations

Recommendations of Volvos Product Development Practices: Focus On Safety Case Study Analysis

RecommendationsOn the basis of above internal and external analysis of the business together with the evaluation of different options, the business is recommended to consider alternative 3. As alternative 3 would permit the business to broaden in worldwide markets with no reduction in its local earnings and any wear and tear of its market position. By thinking about Alternative 3, the business might maintain its store experience and brand name originality. However, it might likewise consider alternative 2 that might allow the company to access the marketplaces without any prospective financial investment. The company might pursue alternative 1 which would make it possible for the business to focus on possible global markets rather than the local markets however as the business is highly dependent on the local markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the significant decline in business's revenue. Therefore, the company is advised to think about alternative 3.

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

International SegmentsThe company has a long term market position in United States which can not be generated soon in the brand-new markets. The option would help the company to broaden in international markets along with the removal of concerns raised in its local markets related to its diversity.

Pros:

• Exploration of new international markets.
• Boost in profits from worldwide markets.
• Elimination of problems associated with variety.
• Profits diversity.
• Action towards being a strong international brand.

Cons:

• Loss of extensive profits from the local markets.
• Boost in competitors.
• Differences in cultures could 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 Volvos Product Development Practices: Focus On Safety Case Analysis Stores

With the increased patterns towards online shopping, the online shops like Amazon, Alibaba etc. might present a serious risk to the market share of business. In this situation the business could consider presenting Click and Recommendations of Volvos Product Development Practices: Focus On Safety Case Solution shops. These shops with a low requirement of funds to settle would allow the business to reach worldwide markets, without ending its domestic stores.

Pros:

• Low investment
• Decreasing competition threat
• Access to the world markets
• Expanding customer base
• Easy to handle
• Large Profits
• Low Operating Costs
• Easy brand-new market entrance

Cons:

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

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

Another choice that the business could think about, is to expand towards the global markets without closing its domestic stores that contributes to the huge part of profits of the company. The pros and cons connected to Alternative 3 are given listed below;

Pros:

• Minimizing competition danger
• Access to the world markets
• Increasing the size of consumer base
• Large Earnings
• Expedition of new worldwide markets.
• Boost in earnings from global markets.
• Profits diversification.
• Action towards being a strong global brand name.

Cons:

• Extension of concerns associated with diversity.
• Differences in cultures could caused a failure of the brand name especially in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenses to get 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.