Recommendations of Intuit Inc: From Products To Services In The Information Age Case Analysis

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Recommendations of Intuit Inc: From Products To Services In The Information Age Case Study Analysis

On the basis of above internal and external analysis of the company in addition to the examination of numerous options, the company is advised to think about alternative 3. As alternative 3 would allow the business to broaden in global markets with no reduction in its local revenues and any degeneration of its market position. By thinking about Alternative 3, the company could preserve its store experience and brand name originality. However, it might also think about alternative 2 that might enable the business to access the marketplaces with no possible investment. Although, the business could pursue alternative 1 which would make it possible for the company to concentrate on potential international markets rather than the local markets but as the company is highly dependent on the local markets with 90% of its shops in the United States, there fore pursuing alternative 1 would result in the substantial decrease in business's income. Therefore, the business is advised to think about alternative 3.

Aletrnative-1: Expanding International Brick and Recommendations of Intuit Inc: From Products To Services In The Information Age Case Help Stores

Expansion towards worldwide markets through opening brand-new stores in other Europe and Asian nations with closing domestic stores is although a great option for increasing the worldwide existence of the company. The closing of domestic shops might highly impact the profits of the company as above 90% of its shops are located locally and closing those stores would ultimately minimize the revenues of the firm. The company has a long term market position in US which can not be created soon in the new markets. The alternative would help the business to broaden in global markets in addition to the removal of concerns raised in its local markets associated with its diversity. The advantages and disadvantages for Option 1 are listed below;

Pros:

• Exploration of new worldwide markets.
• Boost in revenue from worldwide markets.
• Removal of concerns connected to diversity.
• Profits diversification.
• Action towards being a strong international brand name.

Cons:

• Loss of comprehensive profits from the local markets.
• Increase in competition.
• Differences in cultures could caused a failure of the brand especially in Asian countries.
• Low incomes at preliminary levels.
• Increase in marketing expenses to acquire market share.

Alternative-2: Introduction of Click and Recommendations of Intuit Inc: From Products To Services In The Information Age Case Solution Stores

Alternative 2 includes the introduction of online market places through producing a correct company's site. With the increased patterns towards online shopping, the online shops like Amazon, Alibaba and so on could position an extreme risk to the marketplace share of company. Moreover, the rivals are moving towards click and Recommendations of Intuit Inc: From Products To Services In The Information Age Case Help shops with Gap introducing Piperline. This shift towards online markets might lower the earnings for business. In this scenario the company might think about presenting Click and Recommendations of Intuit Inc: From Products To Services In The Information Age Case Help stores. These shops with a low requirement of funds to settle would allow the company to reach global markets, without ending its domestic stores. The benefits and drawbacks of alternative 2 are offered as follows;

Pros:

• Low investment
• Reducing competition hazard
• Access to the world markets
• Expanding consumer base
• Easy to handle
• Large Incomes
• Low Operating Costs
• Easy new market entryway

Cons:

• Danger to the market position
• Elimination of brand Uniqueness
• Removal of the fantastic store experience.
• Risk of decrease in elite sales.

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

Another option that the business might consider, is to expand towards the global markets without closing its domestic stores that adds to the major part of revenues of the business. The advantages and disadvantages related to Alternative 3 are given below;

Pros:

• Decreasing competition risk
• Access to the world markets
• Expanding customer base
• Big Incomes
• Exploration of new global markets.
• Increase in profits from global markets.
• Revenue diversification.
• Step towards being a strong worldwide brand.

Cons:

• Extension of concerns associated with variety.
• Differences in cultures might led to a failure of the brand name especially in Asian countries.
• Low revenues at preliminary levels.
• Increase in marketing expenses to gain market share.



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