Globalization Strategy Report for South Shore Furniture Company
VerifiedAdded on 2019/09/30
|5
|1181
|111
Report
AI Summary
This report analyzes the globalization strategy of South Shore Furniture, a company aiming to expand its operations internationally. The report suggests entering neighboring countries to establish a market presence and leverage existing supplier networks. Key strategies include adapting marketing campaigns, identifying target customer segments, and creating culturally relevant slogans. The report highlights the company's strengths, such as a clear mission, cost-effective product assembly, and strong supplier relationships. It also discusses product design, emphasizing affordable, high-quality furniture tailored for limited spaces. The report recommends using total quality management and six sigma methods to improve product quality. Furthermore, it proposes a grid and spine layout for store design and a hybrid model to become a cost leader, focusing on popular products like beds and tables to gain initial market traction. The report references sources such as Scott (2006), Forker et al. (2006), Pinto Wilsten & Shayan (2007), and South Shore Furniture (2017).
1 out of 5