Recommendations of Trustedfamily: By Families For Families Forever… Case Solution

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Recommendations of Trustedfamily: By Families For Families Forever… Case Study Solution

On the basis of above internal and external analysis of the business along with the examination of numerous options, the company is advised to consider alternative 3. As alternative 3 would permit the business to expand in worldwide markets without any reduction in its regional earnings and any wear and tear of its market position. By thinking about Alternative 3, the business might keep its shop experience and brand uniqueness. However, it might also consider alternative 2 that might allow the business to access the markets without any possible financial investment. Although, the company might pursue alternative 1 which would make it possible for the company to focus on possible global markets rather than the regional markets but as the business is highly dependent on the regional markets with 90% of its shops in the US, there fore pursuing alternative 1 would lead to the significant decline in company's profits. The business is advised to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Trustedfamily: By Families For Families Forever… Case Solution Stores

The company has a long term market position in United States which can not be generated soon in the brand-new markets. The choice would assist the business to expand in worldwide markets along with the removal of problems raised in its local markets related to its diversity.

Pros:

• Exploration of new worldwide markets.
• Increase in income from international markets.
• Elimination of issues associated with variety.
• Profits diversification.
• Action towards being a strong global brand.

Cons:

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

Alternative-2: Introduction of Click and Recommendations of Trustedfamily: By Families For Families Forever… Case Analysis Stores

With the increased trends towards online shopping, the online shops like Amazon, Alibaba etc. could pose an extreme hazard to the market share of business. In this situation the company might think about introducing Click and Recommendations of Trustedfamily: By Families For Families Forever… Case Solution stores. These stores with a low requirement of funds to settle would allow the business to reach international markets, without ending its domestic shops.

Pros:

• Low financial investment
• Decreasing competition hazard
• Access to the world markets
• Expanding customer base
• Easy to manage
• Big Incomes
• Low Operating Expense
• Easy new market entryway

Cons:

• Hazard to the market position
• Elimination of brand name Uniqueness
• Removal of the fantastic shop experience.
• Threat of decrease in elite sales.

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

Another alternative that the business might think about, is to broaden towards the global markets without closing its domestic shops that adds to the huge part of revenues of the business. The pros and cons connected to Alternative 3 are given below;

Pros:

• Lowering competition hazard
• Access to the world markets
• Expanding consumer base
• Big Profits
• Exploration of new global markets.
• Boost in income from worldwide markets.
• Revenue diversity.
• Step towards being a strong global brand name.

Cons:

• Extension of problems related to variety.
• Distinctions in cultures could led to a failure of the brand name specifically in Asian countries.
• Low earnings at preliminary levels.
• Increase in marketing expenditures to acquire market share.



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