Recommendations of Harrahs Entertainment Inc: Real-Time Crm In A Service Supply Chain Case Analysis

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Recommendations of Harrahs Entertainment Inc: Real-Time Crm In A Service Supply Chain Case Study Solution

On the basis of above internal and external analysis of the company along with the evaluation of numerous options, the company is suggested to think about alternative 3. As alternative 3 would allow the company to broaden in international markets with no reduction in its local revenues and any deterioration of its market position. By thinking about Alternative 3, the business could maintain its store experience and brand individuality. However, it could also think about alternative 2 that might permit the business to access the marketplaces with no potential investment. Although, the business could pursue alternative 1 which would make it possible for the business to focus on prospective worldwide markets instead of the local markets but as the company is extremely based on the regional markets with 90% of its stores in the US, there fore pursuing option 1 would lead to the significant decrease in company's earnings. The business is recommended to consider alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Harrahs Entertainment Inc: Real-Time Crm In A Service Supply Chain Case Help Stores

Growth towards worldwide markets through opening new shops in other Europe and Asian countries with closing domestic shops is although an excellent alternative for increasing the international presence of the business. The closing of domestic stores might extremely impact the revenues of the firm as above 90% of its stores are situated domestically and closing those shops would eventually reduce the revenues of the firm. Furthermore, the business has a long term market position in United States which can not be generated soon in the new markets. The option would assist the business to broaden in international markets together with the removal of issues raised in its local markets connected to its diversity. The pros and Cons for Option 1 are noted below;

Pros:

• Exploration of new global markets.
• Boost in profits from worldwide markets.
• Elimination of concerns connected to diversity.
• Revenue diversification.
• Action towards being a strong global brand.

Cons:

• Loss of comprehensive incomes from the regional markets.
• Increase in competition.
• Distinctions in cultures might resulted in a failure of the brand name especially in Asian countries.
• Low profits at preliminary levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Harrahs Entertainment Inc: Real-Time Crm In A Service Supply Chain Case Solution Stores

With the increased trends towards online shopping, the online stores like Amazon, Alibaba and so on could position a severe threat to the market share of business. In this circumstance the business might think about introducing Click and Recommendations of Harrahs Entertainment Inc: Real-Time Crm In A Service Supply Chain Case Help stores. These stores with a low requirement of funds to settle would make it possible for the business to reach global markets, without ending its domestic shops.

Pros:

• Low investment
• Decreasing competitors danger
• Access to the world markets
• Enlarging consumer base
• Easy to manage
• Big Revenues
• Low Operating Expense
• Easy new market entryway

Cons:

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

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

Another option that the company could consider, is to broaden 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 given listed below;

Pros:

• Lowering competition hazard
• Access to the world markets
• Expanding customer base
• Big Profits
• Exploration of new international markets.
• Increase in revenue from worldwide markets.
• Revenue diversity.
• Step towards being a strong global brand.

Cons:

• Extension of problems associated with variety.
• Distinctions in cultures could caused a failure of the brand name particularly in Asian nations.
• Low incomes at initial levels.
• Boost in marketing expenditures to acquire market share.



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