Recommendations of Larsens Camp: Managing Multiple Stakeholders; Baloo Patel And The Development Of Grenadier Ltd Case Solution

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Recommendations of Larsens Camp: Managing Multiple Stakeholders; Baloo Patel And The Development Of Grenadier Ltd Case Study Analysis

On the basis of above internal and external analysis of the company along with the assessment of different options, the company is suggested to think about alternative 3. As alternative 3 would enable the company to broaden in global markets without any decrease in its local earnings and any degeneration of its market position. The company could pursue alternative 1 which would enable the company to focus on potential global markets rather than the regional markets however as the company is extremely reliant on the regional markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the considerable decrease in company's profits.

Aletrnative-1: Expanding International Brick and Recommendations of Larsens Camp: Managing Multiple Stakeholders; Baloo Patel And The Development Of Grenadier Ltd Case Help Stores

The business has a long term market position in United States which can not be generated soon in the new markets. The option would help the business to expand in global markets along with the removal of concerns raised in its local markets related to its variety.

Pros:

• Expedition of new international markets.
• Boost in profits from international markets.
• Elimination of concerns related to diversity.
• Revenue diversity.
• Step towards being a strong global brand.

Cons:

• Loss of comprehensive earnings from the regional markets.
• Boost in competition.
• Differences in cultures could led to a failure of the brand name especially in Asian nations.
• Low earnings at initial levels.
• Boost in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Larsens Camp: Managing Multiple Stakeholders; Baloo Patel And The Development Of Grenadier Ltd Case Help Stores

Alternative 2 consists of the introduction of online market locations through creating a proper company's website. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on could present an extreme risk to the market share of company. The competitors are shifting towards click and Recommendations of Larsens Camp: Managing Multiple Stakeholders; Baloo Patel And The Development Of Grenadier Ltd Case Solution stores with Gap introducing Piperline. This shift towards online markets could reduce the profits for company. In this circumstance the business could consider presenting Click and Recommendations of Larsens Camp: Managing Multiple Stakeholders; Baloo Patel And The Development Of Grenadier Ltd Case Solution shops. These stores with a low requirement of funds to settle would enable the company to reach worldwide markets, without ending its domestic stores. The advantages and disadvantages of alternative 2 are offered as follows;

Pros:

• Low investment
• Reducing competition danger
• Access to the world markets
• Enlarging consumer base
• Easy to manage
• Big Profits
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Risk to the marketplace position
• Removal of brand name Originality
• Removal of the terrific store experience.
• Danger 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 broaden towards the global markets without closing its domestic shops that adds to the major part of profits of the business. The pros and cons related to Alternative 3 are provided below;

Pros:

• Reducing competitors danger
• Access to the world markets
• Increasing the size of customer base
• Big Incomes
• Expedition of new international markets.
• Increase in profits from worldwide markets.
• Revenue diversity.
• Action towards being a strong global brand.

Cons:

• Extension of concerns related to variety.
• Distinctions in cultures could resulted in a failure of the brand name especially in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenses to get market share.



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