Recommendations of Wal-Mart Stores Inc Success Strategies In Recessionary Environment Case Help
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Recommendations of Wal-Mart Stores Inc Success Strategies In Recessionary Environment Case Study Solution
On the basis of above internal and external analysis of the company along with the evaluation of various alternatives, the business is recommended to consider alternative 3. As alternative 3 would permit the business to expand in global markets with no decrease in its local earnings and any deterioration of its market position. By thinking about Alternative 3, the business could maintain its shop experience and brand name individuality. It might likewise consider alternative 2 that might enable the company to access the markets without any possible investment. The company might pursue alternative 1 which would make it possible for the business to focus on prospective international markets rather than the regional markets however as the business is extremely dependent on the local markets with 90% of its stores in the United States, there fore pursuing alternative 1 would result in the considerable decline in company's earnings. Therefore, the business is suggested to think about alternative 3.
Aletrnative-1: Expanding International Brick and Recommendations of Wal-Mart Stores Inc Success Strategies In Recessionary Environment Case Solution Stores
The company has a long term market position in United States which can not be created soon in the new markets. The choice would assist the business to broaden in international markets along with the elimination of concerns raised in its local markets related to its diversity.
Pros:
• Expedition of new worldwide markets.
• Boost in profits from worldwide markets.
• Removal of issues associated with variety.
• Revenue diversity.
• Step towards being a strong global brand.
Cons:
• Loss of substantial earnings from the local markets.
• Boost in competition.
• Distinctions in cultures could led to a failure of the brand particularly in Asian nations.
• Low earnings at preliminary levels.
• Increase in marketing expenditures to acquire market share.
Alternative-2: Introduction of Click and Recommendations of Wal-Mart Stores Inc Success Strategies In Recessionary Environment Case Solution Stores
With the increased trends towards online shopping, the online stores like Amazon, Alibaba etc. could present a severe threat to the market share of company. In this circumstance the company might think about introducing Click and Recommendations of Wal-Mart Stores Inc Success Strategies In Recessionary Environment Case Analysis shops. These shops with a low requirement of funds to settle would allow the business to reach international markets, without ending its domestic stores.
Pros:
• Low investment
• Minimizing competitors danger
• Access to the world markets
• Enlarging consumer base
• Easy to handle
• Large Incomes
• Low Operating Expense
• Easy brand-new market entrance
Cons:
• Hazard to the marketplace position
• Elimination of brand Originality
• Removal of the terrific shop experience.
• Danger of decrease in elite sales.
Alternative-3: Expansion towards International Markets Without closing Domestic Stores
Another alternative that the business might think about, is to expand towards the international markets without closing its domestic stores that contributes to the huge part of incomes of the company. The benefits and drawbacks connected to Alternative 3 are given below;
Pros:
• Decreasing competition threat
• Access to the world markets
• Increasing the size of consumer base
• Large Profits
• Expedition of brand-new international markets.
• Boost in profits from international markets.
• Earnings diversification.
• Action towards being a strong international brand name.
Cons:
• Continuation of concerns associated with variety.
• Differences in cultures could led to a failure of the brand particularly in Asian nations.
• Low earnings at preliminary levels.
• Boost in marketing expenses to acquire market share.
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