Recommendations of Voxivas Social Responsibility Initiatives Case Solution

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Recommendations of Voxivas Social Responsibility Initiatives Case Study Analysis

On the basis of above internal and external analysis of the business along with the examination of different options, the business is recommended to consider alternative 3. As alternative 3 would enable the business to expand in international markets with no reduction in its regional profits and any wear and tear of its market position. By thinking about Alternative 3, the business could maintain its shop experience and brand originality. However, it could likewise consider alternative 2 that could allow the company to access the marketplaces without any possible investment. The business might pursue alternative 1 which would make it possible for the business to focus on possible global markets rather than the local markets but as the company is extremely reliant on the local markets with 90% of its shops in the US, there fore pursuing option 1 would result in the significant decrease in company's earnings. The business is suggested to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Voxivas Social Responsibility Initiatives Case Help Stores

Growth towards worldwide markets through opening new shops in other Europe and Asian nations with closing domestic stores is although a good alternative for increasing the global presence of the company. The closing of domestic shops could extremely impact the revenues of the firm as above 90% of its stores are located locally and closing those stores would eventually reduce the earnings of the firm. The company has a long term market position in US which can not be produced quickly in the new markets. The choice would assist the business to broaden in global markets along with the removal of concerns raised in its regional markets associated with its variety. The benefits and drawbacks for Option 1 are noted below;

Pros:

• Expedition of new global markets.
• Boost in profits from international markets.
• Removal of issues associated with variety.
• Revenue diversification.
• Action towards being a strong international brand.

Cons:

• Loss of extensive profits from the regional markets.
• Boost in competition.
• Differences in cultures might caused a failure of the brand specifically in Asian nations.
• Low incomes at preliminary levels.
• Boost in marketing expenses to get market share.

Alternative-2: Introduction of Click and Recommendations of Voxivas Social Responsibility Initiatives Case Help Stores

Alternative 2 consists of the intro of online market locations through producing a correct company's website. With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on could position a severe risk to the marketplace share of company. The rivals are moving towards click and Recommendations of Voxivas Social Responsibility Initiatives Case Analysis shops with Space presenting Piperline. This shift towards online markets could reduce the revenues for business. In this scenario the company might think about introducing Click and Recommendations of Voxivas Social Responsibility Initiatives Case Analysis stores. These stores with a low requirement of funds to settle would make it possible for the company to reach global markets, without ending its domestic shops. The benefits and drawbacks of alternative 2 are offered as follows;

Pros:

• Low financial investment
• Lowering competition hazard
• Access to the world markets
• Enlarging consumer base
• Easy to handle
• Big Revenues
• Low Operating Expense
• Easy new market entrance

Cons:

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

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

Another choice that the company might think about, is to broaden towards the worldwide markets without closing its domestic stores that contributes to the major part of incomes of the company. The advantages and disadvantages connected to Alternative 3 are provided below;

Pros:

• Minimizing competition hazard
• Access to the world markets
• Enlarging customer base
• Big Incomes
• Exploration of brand-new global markets.
• Increase in profits from international markets.
• Earnings diversification.
• Step towards being a strong worldwide brand name.

Cons:

• Continuation of concerns associated with diversity.
• Distinctions in cultures might resulted in a failure of the brand especially in Asian countries.
• Low profits at preliminary levels.
• Increase in marketing expenses to get market share.



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