Mini business case Your client, SleekDesign, wants an analysis of and recommenda
ID: 419280 • Letter: M
Question
Mini business case
Your client, SleekDesign, wants an analysis of and recommendations for possible expansion into new markets in Canada and Mexico. You have recently completed a very similar analysis for a different client, ArtForAll. The two clients, SleekDesign and ArtForAll, provide very similar services, and are fierce competitors. You could simply take the analysis you developed for ArtForAll and change it around to fit the specific situation of SleekDesign. In this case, you’d be recommending that both companies target more or less the same new markets, using more or less the same new strategies. Alternatively, you could try to develop a different strategy for SleekDesign, in which case you would not be pitting the two companies directly against each other as competitors in these new markets. If you pursue the former approach, your job will be easier. If you pursue the latter approach, your job will be harder, but you will be helping maintain the competitive positions of both your clients. As a business professional, what should you do, and why? Please give the reasons and your suggestions.
*****I need to write 10 paragraphs, so may you help me to write it for reference it. Thank you.
Explanation / Answer
As a business professional, I would pursue the latter option and recommend different strategy for both the company so that both can maintain their competitive stand in a long run. If we recommend similar Strategies for both the company who were target similar customers leading to conflict and competition. The company may have to cut down on prices in order to deal with competition and attract more customers. In the process both the companies will make losses. As a business professional it is our job to guide client and ensure their success in long run. Hence keeping the bigger picture in mind it is better to suggest different Strategies for both the company. It is better option to walk a little harder now rather than regret later when the client would be unsatisfied and return to you. This would also hamper your business reputation in the industry leading to loss of clients. Our clients are our customers and customer asking for any business to run profitably.