Recommendations of Bel: Inventing New Horizons For The Family Firm Case Analysis

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Recommendations of Bel: Inventing New Horizons For The Family Firm Case Study Help

On the basis of above internal and external analysis of the company along with the examination of numerous alternatives, the company is recommended to think about alternative 3. As alternative 3 would enable the company to expand in international markets without any reduction in its local earnings and any wear and tear of its market position. The company might pursue alternative 1 which would make it possible for the company to focus on potential worldwide markets rather than the local markets but as the business is highly dependent on the regional markets with 90% of its stores in the United States, there fore pursuing option 1 would result in the substantial decrease in business's earnings.

Aletrnative-1: Expanding International Brick and Recommendations of Bel: Inventing New Horizons For The Family Firm Case Help Stores

The company has a long term market position in US which can not be created quickly in the new markets. The choice would assist the business to expand in global markets along with the elimination of issues raised in its local markets related to its diversity.

Pros:

• Expedition of brand-new worldwide markets.
• Increase in profits from global markets.
• Removal of issues associated with diversity.
• Earnings diversity.
• Step towards being a strong international brand name.

Cons:

• Loss of comprehensive earnings from the local markets.
• Increase in competition.
• Distinctions in cultures could led to a failure of the brand especially in Asian nations.
• Low revenues at initial levels.
• Boost in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Bel: Inventing New Horizons For The Family Firm Case Help Stores

With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on could posture an extreme risk to the market share of company. In this circumstance the business could think about introducing Click and Recommendations of Bel: Inventing New Horizons For The Family Firm Case Solution stores. These shops with a low requirement of funds to settle would allow the company to reach global markets, without ending its domestic stores.

Pros:

• Low financial investment
• Minimizing competition hazard
• Access to the world markets
• Enlarging customer base
• Easy to manage
• Big Incomes
• Low Operating Expense
• Easy new market entrance

Cons:

• Hazard to the market position
• Removal of brand Uniqueness
• Elimination of the great store experience.
• Risk of decrease in elite sales.

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

Another alternative that the company might think about, is to expand towards the international markets without closing its domestic shops that adds to the huge part of earnings of the business. The benefits and drawbacks related to Alternative 3 are given below;

Pros:

• Reducing competitors risk
• Access to the world markets
• Expanding customer base
• Big Profits
• Exploration of brand-new international markets.
• Boost in earnings from international markets.
• Revenue diversification.
• Step towards being a strong worldwide brand.

Cons:

• Extension of concerns related to diversity.
• Distinctions in cultures might resulted in a failure of the brand name specifically in Asian nations.
• Low profits at initial levels.
• Boost in marketing expenses to get market share.



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