Friday, June 14, 2019
BRL Hardy Essay Example | Topics and Well Written Essays - 2500 words
BRL Hardy - Essay ExampleFurther, there is discussion of the strategy developed by Christopher Carson, the marketing manager for the European element to build and sustain BRL Hardys competitive advantage in the European wine market in 1995-1998. It also analyses the outsourcing challenges and strategical options available for meet the challenges.Evaluation of Steve Millers approachSteve Millars approach of making BRL Hardy one of the worlds first truly global wine companies was based on the is based on the cerebrate on three most important aspects of the troupe i.e. the world class production facilities of the companies, global brands of the company and its international distribution. Millar has the approach of making BRL hardy a true international company through the capacitance of global branding (Voelpel et al 2005). As the focus of Steve Millar is to establish the brand as truly international and global, integrated wine production is the approach followed that includes glo bal branding strategy with strong marketing capability and distribution system. Strategic alliance is the model applied for executing global strategy of the company. The dynamic nee organizational capabilities are built through targeted strategic alliance building with companies situated in various parts of the world, such as Italy, USA and Spain (Bartlett and Beamish 2011). Critically evaluating the approach of strategic alliance for sideline the globalization, there are several advantages of this approach. Firstly, the company gets the access to supplementary services. It is important as well as quite critical for the success of the caper that the business focuses on the core competencies (Stonehouse et al 2004). A strategic alliance enables the company to offer its clients a range of new services without making the client brook its focus on the capabilities and the specialized services. Secondly, the company gets the opportunity to reach new markets. When a company enters the strategic alliance, it automatically increases the brand awareness in an but new market venture which the company could not reach before because of the availability of the limited resources. It allows the business to expand the business and increase the market lot (Frynas and Mellahi 2011). Thirdly, there is an increase in the brand awareness. When there is an opportunity to grow the size of the market with the alliance, it also presents an additional opportunity of increasing the brand awareness. unitary of the most important elements of the success of the business is constant as well as growing brand awareness (Campbell et al 2011). If there is no ripening in brand awareness, then there is no growth in the business as well. Without putting extra cost and time, the brand awareness is vainglorious among the wider audience. Fourthly, there is an increase in the number of customers and the clientele as strategic alliance exposes the company to new customer base in the target mark et (Dewit and Meyer 2010). As in the BRL hardy case, the company experiences huge success as strategic alliances with companies situated in Spain, USA and Italy, etc. has added essential infrastructure, expertise and finance including technological infrastructure. The main objective of the company i.e. global branding with strong distribution and marketing is attained through this approach of strategic alliances followed by Steve Millar (Voelpel et al 2005). Although, there are several
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