Recommendations of Jm Huber: A Family Of Solutions Case Analysis

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Recommendations of Jm Huber: A Family Of Solutions Case Study Help

On the basis of above internal and external analysis of the business together with the assessment of different options, the company is advised to consider alternative 3. As alternative 3 would enable the business to expand in international markets with no decrease in its regional earnings and any degeneration of its market position. By thinking about Alternative 3, the business could maintain its store experience and brand name originality. It could also consider alternative 2 that might permit the company to access the markets without any potential investment. The business could pursue alternative 1 which would make it possible for the business to focus on potential global markets rather than the regional markets but as the company is highly reliant on the regional markets with 90% of its stores in the US, there fore pursuing alternative 1 would result in the significant decrease in business's earnings. For that reason, the business is recommended to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Jm Huber: A Family Of Solutions Case Analysis Stores

Expansion towards global markets through opening new shops in other Europe and Asian countries with closing domestic shops is although a good alternative for increasing the worldwide presence of the business. The closing of domestic shops could highly affect the revenues of the company as above 90% of its stores are located domestically and closing those stores would eventually minimize the earnings of the firm. The company has a long term market position in US which can not be generated quickly in the new markets. The choice would help the business to broaden in worldwide markets along with the removal of problems raised in its regional markets related to its diversity. The advantages and disadvantages for Alternative 1 are noted below;

Pros:

• Exploration of new international markets.
• Boost in profits from global markets.
• Elimination of concerns associated with diversity.
• Income diversification.
• Action towards being a strong worldwide brand name.

Cons:

• Loss of extensive earnings from the local markets.
• Boost in competitors.
• Differences in cultures might resulted in a failure of the brand name specifically in Asian nations.
• Low incomes at preliminary levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Jm Huber: A Family Of Solutions Case Help Stores

With the increased trends towards online shopping, the online shops like Amazon, Alibaba etc. could position a serious risk to the market share of business. In this situation the company could consider presenting Click and Recommendations of Jm Huber: A Family Of Solutions Case Analysis shops. These stores with a low requirement of funds to settle would allow the business to reach international markets, without ending its domestic stores.

Pros:

• Low investment
• Decreasing competitors hazard
• Access to the world markets
• Enlarging consumer base
• Easy to handle
• Large Profits
• Low Operating Expense
• Easy brand-new market entryway

Cons:

• Threat to the market position
• Removal of brand name Individuality
• Elimination of the excellent shop experience.
• Danger of decrease 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 worldwide markets without closing its domestic stores that contributes to the huge part of revenues of the business. The advantages and disadvantages associated with Alternative 3 are provided listed below;

Pros:

• Lowering competition danger
• Access to the world markets
• Increasing the size of consumer base
• Big Profits
• Expedition of new international markets.
• Increase in earnings from worldwide markets.
• Profits diversification.
• Action towards being a strong worldwide brand name.

Cons:

• Extension of issues related to variety.
• Distinctions in cultures might led to a failure of the brand specifically in Asian nations.
• Low profits at preliminary levels.
• Boost in marketing expenditures to gain market share.



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