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Ace Hardware Store Entering Bahrain Market

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Ace Hardware Store Entering Bahrain Market
International Management
Group Report

Ace Hardware Store Entering Bahrain Market

Contents Executive Summary 4 1.0 Introduction 5 2.0 Industry Business Description 6 3.0 Company description 6 3.1 Type of business 6 3.2 Legal Structure 8 3.3 History 8 3.3.1 Mission 8 3.3.2 Goals & Objectives 9 3.4 Company Structure 10 4.0 Ace Product analysis: 10 4.1 Customer profile/demand analysis: 13 4.2 Competitive situation: 14 5.0 Environmental factors 16 5.1 Host Country Business Climate: 16 5.2 SWOT ANALYSIS: 17 5.3 Government constraints in Bahrain 20 5.4 PEST ANALYSIS 21 6.0 Business Strategies 24 6.1 Product /service positioning 24 6.2 Pricing strategy 25 6.3 Distribution and logistics 27 6.4 Promotion and Advertising 27 6.5 Estimated sales/sales mix 28 6.6 Production/service strategies 28 7.0 Financial Planning 28 7.1 Profit and Loss Statement 29 8.0 Management considerations 33 8.1 Personnel/sales force factors 33 8.2 Business Advisors: 33 9.0 Recommendations/Conclusion 34 Appendix 35 References 37

Executive Summary
As we know the economy is constantly maturing, corporations ought to efficiently react to ever fluctuating demand in order to basically attain sustainable growth throughout the global market. We have endeavoured to emphasize on the suggested strategies which will allow Ace Hardware to consider venturing into the Bahraini market. Therefore with the information provided and composed, we have the opportunity to examine comments of Ace Hardware which allows us to highlight key issues faced. Organisations need to recognize and meet demands of the exterior factors which include threats and opportunities to uphold their competitiveness in the market. Henceforth, the intention of this report is to essentially investigate and assess the outlook of Ace Hardware Corporation in relation to expansion and growth in the Bahraini market.

1.0 Introduction

Bahrain is one of the unique



References: * Ace Hardware Corporation. 2012. Corporate Information. http://ourcompany.acehardware.com/ (Date accessed 30th October 2012). * Ace, "ACE HARDWARE CORPORATION Quarterly Report, 2012. http://ourcompany.acehardware.com/pdfs/2012Q3financialreport.pdf (Accessed November 11, 2012.) * Ace, "About Us, Ace UAE.”, 2012 * Alfred, Sarkissian. E How Money, "Production Strategy." 2012.. http://www.ehow.com/way_5406196_production-strategy.html.( Accessed November 11, 2012) * Al-Futtaim, "Logistics & Inventory Control Assistant – ACE Hardware .",2012. * AME Info. GE Lighting joins hands with Ace Hardware International to showcase advanced energy-efficient lighting solutions. 2012. http://www.ameinfo.com/ge-lighting-joins-hands-ace-hardware-313704 (accessed 2012). * Bahrain Economic Development Board. Investment Oppurtunities. 2008. http://www.bahrainedb.com/m_InvestingInBahrainIntro.aspx (accessed 2012). * Franchise Direct, "Top 100 Global Franchises Rankings." 2012. http://www.franchisedirect.com/top100globalfranchises/rankings/.( Accessed November 11, 2012.) * Funding Universe, "Ace Hardware Corporation History." 2012 * Hardware Corporation, ACE. 2012. Community Involvement. http://www.acehardware.com/helpful/index.jsp (Date Accessed 2012) * Hardware Corporation, ACE * Hardware Corporation, Ace. 2012. International wholesale excellence. Get the hardware wholesale support you deserve. http://www.acehardwareintl.com/wholesale/ (Date accessed 29th October 2012). * Hardware Corporation, ACE. 2012. Community Involvement. http://www.acehardware.com/helpful/index.jsp(date accessed 29th October 2012) * Hardware Corporation, ACE * Hardware Corporation, Ace. 2012. International wholesale excellence. Get the hardware wholesale support you deserve. http://www.acehardwareintl.com/wholesale/ (Date accessed 29th October 2012). * Irwin, Tanya. 2012. Power: Ace Hardware Top Home Improvement Retailer. http://www.mediapost.com/publications/article/173221/power-ace-hardware-top-home-improvement-retailer.html (Date accessed 9th November 2012). * Informatica. Ace Hardware gains rapid increase in productivity and performance migrating to informatica Power Center. 2008. http://www.informatica.com/Images/05004_6380_ace.pdf (accessed 2012). * Index Mundi, "GDP (purchasing power parity) - Middle East." 2011. http://www.indexmundi.com/map/?t=0&v=65&r=me&l=en.(Accessed November 11, 2012) * John Bradley, Jackson * Kyle, Bobette. Website Marketing Plan, "7 Pricing Strategies That Improve Profit by Bobette Kyle." 2011. http://www.websitemarketingplan.com/techniques/pricing2.htm/.( Accessed November 11, 2012) * Mahoney, Sarah * Manazel, "Welcome to Manazel." Last modified 2012. Accessed November 11, 2012. http://www.manazelbahrain.com/bhr/. * Market Watch, "Sears agrees to sell Craftsman tools at Ace Hardware." Last modified 2010. Accessed November 11, 2012. http://www.marketwatch.com/story/sears-agrees-to-sell-craftsman-tools-at-ace-hardware-2010-02-20. * Marketing Charts Staff. 2011. ACE Hardware Aces Customer Satisfaction. http://www.marketingcharts.com/wp/direct/ace-hardware-aces-customer-satisfaction-17352/ (Date accessed 2012) * Murphy, Frank * NBC NEWS, "Ace is the place for growing sales, profits." Last modified 2007. Accessed November 11, 2012. http://www.msnbc.msn.com/id/16656774/ns/business-us_business/t/ace-place-growing-sales-profits/ * Nielsen * Numbeo, "Cost Of Living In Bahrain." Last modified 2012. Accessed November 11, 2012. http://www.numbeo.com/cost-of-living/country_result.jsp?country=Bahrain&displayCurrency=AED.

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