Recommendations of Umicores Transformation And The Monetizing Of Sustainability Case Analysis

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Recommendations of Umicores Transformation And The Monetizing Of Sustainability Case Study Help

On the basis of above internal and external analysis of the company along with the examination of different options, the company is advised to consider alternative 3. As alternative 3 would permit the company to expand in international markets without any reduction in its regional incomes and any deterioration of its market position. By considering Alternative 3, the business might preserve its shop experience and brand name uniqueness. Nevertheless, it could likewise think about alternative 2 that might enable the company to access the marketplaces with no prospective investment. Although, the business could pursue alternative 1 which would make it possible for the company to concentrate on potential worldwide markets rather than the regional markets but as the company is highly based on the regional markets with 90% of its stores in the United States, there fore pursuing alternative 1 would lead to the considerable decline in business's earnings. Therefore, the company is suggested to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Umicores Transformation And The Monetizing Of Sustainability Case Solution Stores

Growth towards worldwide markets through opening new shops in other Europe and Asian countries with closing domestic stores is although a great choice for increasing the global presence of the company. The closing of domestic shops might extremely affect the earnings of the firm as above 90% of its stores are located domestically and closing those stores would ultimately lower the profits of the firm. The company has a long term market position in United States which can not be produced quickly in the new markets. The choice would assist the business to expand in global markets in addition to the elimination of concerns raised in its local markets connected to its diversity. The pros and Cons for Option 1 are noted below;

Pros:

• Exploration of brand-new international markets.
• Increase in income from global markets.
• Elimination of problems related to diversity.
• Revenue diversity.
• Step towards being a strong international brand.

Cons:

• Loss of extensive profits from the regional markets.
• Boost in competition.
• Differences in cultures might caused a failure of the brand name particularly in Asian countries.
• Low earnings at preliminary levels.
• Boost in marketing expenses to gain market share.

Alternative-2: Introduction of Click and Recommendations of Umicores Transformation And The Monetizing Of Sustainability Case Analysis Stores

With the increased trends towards online shopping, the online shops like Amazon, Alibaba and so on could posture a serious threat to the market share of business. In this situation the business might consider introducing Click and Recommendations of Umicores Transformation And The Monetizing Of Sustainability Case Help shops. These shops with a low requirement of funds to settle would allow the company to reach international markets, without ending its domestic shops.

Pros:

• Low investment
• Minimizing competition threat
• Access to the world markets
• Increasing the size of consumer base
• Easy to handle
• Big Profits
• Low Operating Costs
• Easy new market entrance

Cons:

• Threat to the marketplace position
• Elimination of brand name Uniqueness
• Elimination of the great store experience.
• Danger of decline in elite sales.

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

Another alternative that the company could consider, is to expand towards the global markets without closing its domestic stores that adds to the huge part of revenues of the business. The pros and cons associated with Alternative 3 are offered below;

Pros:

• Lowering competition danger
• Access to the world markets
• Increasing the size of customer base
• Large Earnings
• Exploration of brand-new global markets.
• Increase in revenue from worldwide markets.
• Revenue diversity.
• Step towards being a strong international brand name.

Cons:

• Extension of concerns connected to diversity.
• Distinctions in cultures might led to a failure of the brand name especially in Asian nations.
• Low revenues at preliminary levels.
• Increase in marketing expenditures to acquire market share.



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