Camar Automotive Hoist has built its reputation on a quality product in the Canadian market however in 2000 the company is facing the problem of sustaining future growth of its business. In an attempt to address this need of sustaining growth we recommend that Camar Automotive Hoist clearly defines its position as a safe and convenient scissor lift producer on international wheel alignment markets; and transfers its focus mainly on the US and the European Union markets. Our suggestion is to spotlight the US market by working closely with the wholesalers instead of using a direct sales-force; while exporting products to Europe by means of indirect exportation instead of through other ventures. By doing this, the company will efficiently allocate its resources and achieve its goal of sustaining growth gradually with low risks. The Canadian market potential is limited thus we believe that US market is a quick growth opportunity for us immediately with low risks while exploring the EU now will allow us to search for long term future growth. The implementation of our strategic plan for the US market is to build our brand image with to the wholesalers by giving incentives to their representatives for working hard and selling our products. For the EU market, we will find distributors who are familiar with the market and familiarize them with our product.
For the next fiscal year we recommend that Camar Automotive Hoist maintains their status in the Canadian market while transferring its focus on expanding the business internationally. It is our belief that it will sustain growth by concentrating on the United States market and trying to export to the Europe Union by distributing the scissor lift through international intermediaries. Camar Automotive hoist appears to have a competitive advantage in the scissor lift segment due to their product differentiation strategy in the US market. It is this US market in which there are...
Please join StudyMode to read the full document