Recommendations of Everything Is Connected: A New Era Of Sustainability At Li And Fung Case Solution

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Recommendations of Everything Is Connected: A New Era Of Sustainability At Li And Fung Case Study Solution

On the basis of above internal and external analysis of the business along with the evaluation of numerous options, the business is advised to think about alternative 3. As alternative 3 would enable the business to broaden in worldwide markets without any decrease in its local revenues and any wear and tear of its market position. By considering Alternative 3, the company might maintain its store experience and brand originality. It might also think about alternative 2 that could enable the business to access the markets without any prospective financial investment. The company could pursue alternative 1 which would make it possible for the company to focus on possible worldwide markets rather than the local markets however as the company is highly dependent on the regional markets with 90% of its stores in the United States, there fore pursuing alternative 1 would result in the substantial decline in business's earnings. For that reason, the business is advised to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Everything Is Connected: A New Era Of Sustainability At Li And Fung Case Help Stores

Growth towards global markets through opening brand-new stores in other Europe and Asian nations with closing domestic shops is although a good option for increasing the worldwide existence of the company. The closing of domestic stores might extremely affect the profits of the firm as above 90% of its shops are located locally and closing those shops would eventually decrease the profits of the company. Moreover, the business has a long term market position in US which can not be produced quickly in the brand-new markets. The option would assist the company to broaden in worldwide markets together with the elimination of issues raised in its local markets associated with its variety. The pros and Cons for Alternative 1 are listed below;

Pros:

• Exploration of new worldwide markets.
• Increase in earnings from worldwide markets.
• Removal of issues connected to diversity.
• Earnings diversity.
• Step towards being a strong international brand.

Cons:

• Loss of substantial profits from the regional markets.
• Increase in competitors.
• Differences in cultures could led to a failure of the brand especially in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenses to get market share.

Alternative-2: Introduction of Click and Recommendations of Everything Is Connected: A New Era Of Sustainability At Li And Fung Case Help Stores

Alternative 2 includes the intro of online market locations through producing a proper business's website. With the increased patterns towards online shopping, the online stores like Amazon, Alibaba etc. could present a serious risk to the market share of company. Furthermore, the rivals are shifting towards click and Recommendations of Everything Is Connected: A New Era Of Sustainability At Li And Fung Case Solution shops with Space presenting Piperline. This shift towards online markets could reduce the revenues for company. In this scenario the business might consider introducing Click and Recommendations of Everything Is Connected: A New Era Of Sustainability At Li And Fung Case Analysis stores. These stores with a low requirement of funds to settle would enable the business to reach international markets, without ending its domestic shops. The pros and cons of option 2 are offered as follows;

Pros:

• Low financial investment
• Decreasing competition risk
• Access to the world markets
• Expanding consumer base
• Easy to manage
• Big Revenues
• Low Operating Costs
• Easy brand-new market entrance

Cons:

• Hazard to the market position
• Elimination of brand name Uniqueness
• Elimination of the excellent store experience.
• Danger of decline in elite sales.

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

Another choice that the company might think about, is to broaden towards the worldwide markets without closing its domestic stores that adds to the major part of profits of the business. The benefits and drawbacks related to Alternative 3 are offered listed below;

Pros:

• Reducing competitors risk
• Access to the world markets
• Increasing the size of customer base
• Large Revenues
• Exploration of brand-new international markets.
• Boost in profits from global markets.
• Income diversification.
• Action towards being a strong global brand name.

Cons:

• Extension of issues related to diversity.
• Distinctions in cultures could resulted in a failure of the brand name especially in Asian countries.
• Low earnings at initial levels.
• Increase in marketing expenditures to gain market share.



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