Recommendations of Prime Forestry Group And Precious Woods (A): Pulp Fiction Or Money Growing On Trees Case Analysis

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Recommendations of Prime Forestry Group And Precious Woods (A): Pulp Fiction Or Money Growing On Trees Case Study Help

On the basis of above internal and external analysis of the company along with the assessment of various options, the business is suggested to consider alternative 3. As alternative 3 would allow the business to broaden in global markets without any reduction in its regional earnings and any deterioration of its market position. The company might pursue alternative 1 which would make it possible for the company to focus on possible international markets rather than the local markets however as the company is extremely dependent on the regional markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the significant decline in business's income.

Aletrnative-1: Expanding International Brick and Recommendations of Prime Forestry Group And Precious Woods (A): Pulp Fiction Or Money Growing On Trees Case Help Stores

Growth towards international markets through opening new stores in other Europe and Asian nations with closing domestic stores is although a great alternative for increasing the international existence of the company. The closing of domestic shops could highly affect the revenues of the company as above 90% of its stores are situated locally and closing those stores would ultimately decrease the incomes of the firm. Moreover, the business has a long term market position in US which can not be produced soon in the brand-new markets. The choice would help the company to expand in international markets together with the removal of concerns raised in its regional markets associated with its variety. The benefits and drawbacks for Alternative 1 are noted below;

Pros:

• Expedition of new global markets.
• Boost in revenue from worldwide markets.
• Elimination of concerns connected to variety.
• Profits diversification.
• Step towards being a strong international brand.

Cons:

• Loss of substantial profits from the regional markets.
• Boost in competitors.
• Differences in cultures might resulted in a failure of the brand specifically in Asian nations.
• Low revenues at preliminary levels.
• Boost in marketing expenses to gain market share.

Alternative-2: Introduction of Click and Recommendations of Prime Forestry Group And Precious Woods (A): Pulp Fiction Or Money Growing On Trees Case Help Stores

With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. might present an extreme danger to the market share of business. In this situation the company could consider presenting Click and Recommendations of Prime Forestry Group And Precious Woods (A): Pulp Fiction Or Money Growing On Trees Case Analysis stores. 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 financial investment
• Minimizing competitors risk
• Access to the world markets
• Increasing the size of customer base
• Easy to handle
• Large Incomes
• Low Operating Costs
• Easy brand-new market entryway

Cons:

• Risk to the market position
• Removal of brand name Uniqueness
• Elimination of the great shop experience.
• Risk of decline in elite sales.

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

Another alternative that the business could think about, is to expand towards the global markets without closing its domestic shops that contributes to the major part of incomes of the company. The advantages and disadvantages associated with Alternative 3 are given listed below;

Pros:

• Minimizing competition risk
• Access to the world markets
• Enlarging customer base
• Big Incomes
• Exploration of new worldwide markets.
• Increase in income from worldwide markets.
• Income diversification.
• Step towards being a strong worldwide brand name.

Cons:

• Continuation of problems connected to diversity.
• Distinctions in cultures could caused a failure of the brand name specifically in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenses to get market share.



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