Recommendations of Prime Forestry Group And Precious Woods (B): Pulp F(R)Iction Case Solution

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Recommendations of Prime Forestry Group And Precious Woods (B): Pulp F(R)Iction Case Study Help

On the basis of above internal and external analysis of the business in addition to the assessment of numerous options, the business is advised to consider alternative 3. As alternative 3 would enable the company to broaden in global markets without any decrease in its local earnings and any deterioration of its market position. By considering Alternative 3, the business could keep its shop experience and brand individuality. Nevertheless, it might likewise consider alternative 2 that might permit the company to access the markets without any potential financial investment. Although, the business might pursue alternative 1 which would allow the company to concentrate on prospective worldwide markets instead of the regional markets but as the business is highly based on the local markets with 90% of its shops in the United States, there fore pursuing alternative 1 would lead to the significant decline in business's earnings. The business is advised to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Prime Forestry Group And Precious Woods (B): Pulp F(R)Iction Case Solution Stores

The company has a long term market position in United States which can not be created quickly in the new markets. The option would assist the business to expand in international markets along with the removal of issues raised in its regional markets related to its diversity.

Pros:

• Exploration of new international markets.
• Boost in earnings from international markets.
• Elimination of concerns associated with variety.
• Earnings diversification.
• Action towards being a strong worldwide brand name.

Cons:

• Loss of substantial earnings from the local markets.
• Increase in competitors.
• Distinctions in cultures could caused a failure of the brand particularly in Asian countries.
• Low revenues at preliminary levels.
• Boost in marketing expenditures to get market share.

Alternative-2: Introduction of Click and Recommendations of Prime Forestry Group And Precious Woods (B): Pulp F(R)Iction Case Solution Stores

Alternative 2 includes the introduction of online market places through generating an appropriate company's website. With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on could present an extreme danger to the marketplace share of company. Moreover, the rivals are shifting towards click and Recommendations of Prime Forestry Group And Precious Woods (B): Pulp F(R)Iction Case Solution stores with Gap introducing Piperline. This shift towards online markets might lower the profits for business. In this scenario the company might think about introducing Click and Recommendations of Prime Forestry Group And Precious Woods (B): Pulp F(R)Iction Case Solution stores. These shops with a low requirement of funds to settle would enable the business to reach international markets, without ending its domestic shops. The benefits and drawbacks of option 2 are offered as follows;

Pros:

• Low financial investment
• Minimizing competitors hazard
• Access to the world markets
• Enlarging consumer base
• Easy to manage
• Big Revenues
• Low Operating Costs
• Easy new market entryway

Cons:

• Risk to the market position
• Elimination of brand name Individuality
• Removal of the excellent store experience.
• Threat of decline in elite sales.

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

Another choice that the company might consider, is to expand towards the international markets without closing its domestic stores that adds to the major part of profits of the business. The benefits and drawbacks associated with Alternative 3 are provided listed below;

Pros:

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

Cons:

• Continuation of concerns related to variety.
• Differences in cultures might caused a failure of the brand name specifically in Asian countries.
• Low incomes at initial levels.
• Increase in marketing expenditures to gain market share.



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