Discussion about Coe's Case Study by Nguyên Nhật https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4 Should Coe's expand to Mexico or not? en-us 2022-01-21 15:42:34 UTC 2022-01-22 01:25:32 UTC hello@padlet.com SHOULDN'T EXPAND TO MEXICO https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005960414 2022-01-22 01:06:08 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005960414 Coe's shouldn't expand to Mexico for several reasons: https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005960477 2022-01-22 01:06:17 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005960477 Coe's should expand to Mexico https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005961995 2022-01-22 01:08:53 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005961995 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963255 Coe used to have trouble with shrinkage in Puerto Rico


]]> 2022-01-22 01:11:05 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963255 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963284 I think they should choose to get access to Mexican market. It is a crowded and potential market: lower transportation, abundant labor, relatively cheap real estate cost.]]> 2022-01-22 01:11:08 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963284 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963765 Plenty of growth opportunities right here in the U.S. have the same customer base]]> 2022-01-22 01:12:05 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963765 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963813 have 35% chance of success in Mexico

]]> 2022-01-22 01:12:10 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963813 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963946 There are too many cultural differences]]> 2022-01-22 01:12:26 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005963946 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005964703 Coe should maintain its focus on growth in the U.S]]> 2022-01-22 01:13:25 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005964703 should expand to Mexico https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005965098 2022-01-22 01:14:10 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005965098 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005965226 Latin American might be a relatively inexpensive place]]> 2022-01-22 01:14:24 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005965226 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005965692 Coe's are having good performances in the domestic market. It would be a firm foundation for them to develop their business in the future if they stay focused and see what happens with the economy.]]> 2022-01-22 01:15:16 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005965692 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966112 They do not have substantial amount of capital to throw at the project.]]> 2022-01-22 01:15:59 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966112 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966269 U.S Growth will not be enough. Coe shoud learn how to make international expansion work, when the firm isn't dependent on it.]]> 2022-01-22 01:16:15 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966269 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966381 No matter what problem is, you have to face with the challenges that any market bring]]> 2022-01-22 01:16:25 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966381 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966439 Coe used to have trouble with shrinkage in Puerto Rico, and they couldn't find the right personnel. It’s was a tough market.]]> 2022-01-22 01:16:31 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966439 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966728 The chance of success in Mexico is quite low: 35%


]]> 2022-01-22 01:17:01 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005966728 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967286 There are too many cultural differences.]]> 2022-01-22 01:17:59 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967286 go international https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967470 2022-01-22 01:18:16 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967470 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967502 US growth is not enough, the company should learn to expand to foreign market to catch up with the growing market and be less dependent on only US market]]> 2022-01-22 01:18:19 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967502 Coe’s should expand to Mexico. Here’s why: https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967730 First and foremost, the economic situation allows Coe to assist its potential customers with their undue hardship by providing people without access to credit a chance to acquire household items. If at any time leaseholders couldn't make their payments, they could return the items with no penalty and resume the contract where they left off whenever their financial situation improved.

Second, Mexico has a crowded, expensive market. It makes a wide-open field where there's a real need for our business look very appealing, they can help as many people as possible get access to the things they need. An affordable path to ownership while still making a profit.

Third, growth in the United States will eventually become insufficient. When the company isn't reliant on it, Coe's should learn how to make foreign expansion work. Access to the Mexican market isn't the only advantage. What Coe's learns will help the company better prepare for future market entry.

Lastly, Latin America might be a relatively inexpensive place, considering the lower transportation, labor, and real estate costs.


]]> 2022-01-22 01:18:43 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967730 k581911115597 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967863 The company will have advantages in the cost such as lower cost in transportation, labor, real estate,... In addition, there should be great demand and a lack of competition in the Mexican market. Thus, the company is able to increase íts profit due to lower costs and higher revenue]]> 2022-01-22 01:18:57 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005967863 k581911115597 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005968065 Internationalizing Coe’s business is also a good point. Because there is some prediction about the stricter regulatory environment for the lease-to-own business model in the U.S., penetrating Mexico can help the company minimize the risk of depending completely on the U.S. market.


]]> 2022-01-22 01:19:19 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005968065 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005968313 Lots of options without taking a risk abroad because there are plenty of growth opportunities right here in the U.S.]]> 2022-01-22 01:19:47 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005968313 k581911115597 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005968860 there is no similar types of business like lease-to-own in Mexico, thus no competion is a plus]]> 2022-01-22 01:20:45 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005968860 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005969040 Mexico is a potential market]]> 2022-01-22 01:21:03 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005969040 https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005971656 Many of their customers in US are of Mexican origin and have family in Mexican. This will help them get started because the brand will benefit from word-of-mouth communication.]]> 2022-01-22 01:25:32 UTC https://padlet.com/nhatnguyenthebest/smdllsf5w62ifqt4/wish/2005971656