Case Study Example | Topics and Well Written Essays - 750 words - 39

Case Study ExampleTherefore, it created a barrier of entry to any other interested investors. This made it easy for the competitors to penetrate the market, an aspect that could brace reduced its market share significantly.One of the major strength of Electra is its strong financial base. Since its inception, the company has store a lot of silver. This has enabled the firm to create a strong business empire despite having a shaky start. In addition, the finances have enabled the firm to stage a strong marketing campaign, thereby making it easy to expand its operations in contrasting parts of Mexico. Moreover, the company has been using the money to develop parvenu product lines that have enabled it to increase its sales and attract a diverse market. This has been subservient in ensuring that the success of the business is base on different pillars.Electra has an experienced workforce. Through opening different subsidiaries, the employees have gained experience on how to deal wit h customers who emanates from diverse cultural, religious, and racial backgrounds. As a result, the subordinates have been contend an important role of dealing with varying challenges that affect the business in the market. This has ensured that the business remains static even in tough economic conditions.Another major strength by Electra is its strong brand. everyplace the years, the company has been setting a huge budget towards marketing. This is to remind the customers of the existence of its products and services and to persuade new customers to purchase their products and services. Through the use of audio, visual, and print media, the company has created a strong brand name, an aspect that has vie a significant role in attracting customer loyalty. Furthermore, this strategy has been significant in retaining the loyal customers. This perseveration coupled with high products