...Environmental Scanning To assure the success of a business over a long period of time the business must be able to conduct regular analysis of their success. They must be able to determine where they are today and have a goal of where they would like to see themselves 5-10 years down the road. In order to conduct a true analysis of the company, one must complete an environmental scan of their organization. Thus scanning for events, trends, issues and expectations that they may be faced with in the future. Furthermore, examining all internal and external environment challenges. Internal environmental challenges may be with employees, shareholders or board of directors or the overall culture of the organization. External environmental challenges may include economic, socio-culture, political, and technological environments, as well as customers, suppliers, competitors, financial institution, government and media. Ford Motor Company One organization that decided to take a step back and really analyze their organization by conducting an environmental scan was Ford Motor Company. The company completed a complete SWOT analysis in 2013 to understand where their business was today and decide how they would best get to where they want to be. Starting as the first American automotive company to manufacture and sell automobiles and automotive parts, ford is currently the second largest US automaker and the fifth largest vehicle seller in Europe and the world ("Strategic Management Insight...
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...Apple Computer, Inc.; Maintaining the Music Business While Introducing iPhone and Apple TV Roxanna Farris Professor: Shereen Turner Business Administration Capstone October 29, 2011 Apple Computer, Inc.; Maintaining the Music Business While Introducing iPhone and Apple TV 1. Describe key strategic challenges facing Apple Computer. The key strategic challenges will be focus around the company’s commitment to gain a competitive edge. Apple was not satisfied with the Apple’s Tunes Online Music Store which reached millions; they worked on capitalizing the market by the release of the personal computer. After the release of the personal computer and a change in management the public voiced the concern for a more compatible system (Hitt, 2011). Apple launched a new product and merged with another company with the intention of gaining a competitive edge. However, the results were less than favorable. So, a key strategic challenge was to change the sales strategy, making the Mac the “hub” of digital lifestyle (Hitt, 2011). Another challenge was to increase the profit margin, to outline the graphic location; that will be served, the needs of the customer, and how to satisfy those needs. 2. Describe the dimensions along which company success can be measured. Apple computer faced the challenge of Steven Jobs severing his relationship with his business partner, John Sculley. This separation was based on differences in business strategy and the direction in which...
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...MARKETING – 103 ASSIGNMENT # 1 APPLES MARKETING STRATERGY PREPARED FOR: SHAMINDER GOGNA PREPARED BY: MOHAN REDDY PERUGU 300699018 08-02-2013 1. Which of Apple’s product are its stars, cash cows, question marks and dogs? iphone and ipad fall in the star category as they both have a high percentage of market share and arte growing at a significant rate, therefore, they need further investment for research and development purposes. Though Apple’s iphone has 48% market share but with Samsung giving tough competition it needs to develop its product further. The same with the ipad, Apple has to make further developments in ipad otherwise there is a risk of shifting these products to cash cows. ipod is cash cow as it is clearly a market leader in its market segment. It does not need any further heavy investment for development by Apple. ipod is very essential for Apple. Mac and Apple maps falls in question mark category. Apple’s Mac has lower market share. It needs to be developed further otherwise it may fall back in to dog category. 2. How does Apple employ the elements of the marketing mix- product, price, place and promotion? Product: Apple has wide range of products, which do vary with each other on the basis of design, technology, color, specifications and model. For example, computers, itunes, ipod, ipad, iphone. these products are different from each other and all are up to the latest technology and specifications. Price: Apple is a premium brand...
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...Company G 3-Year Marketing Plan for the Waterproof Wireless Ear Buds Table of Contents Introduction 3 Mission Statement 3 The Product 3 Consumer Product Classification 3 Target Market 4 Competitive Situation Analysis 4 Analysis of Competition using Porter’s 5 Forces Model 4 SWOT Analysis 5 Strengths 6 Weaknesses 6 Opportunities 6 Threats 7 Market Objectives 7 Product Objective 7 Price Objective 7 Place Objective 7 Promotion Objective 7 Marketing Strategies 8 Product Strategies 8 Price Strategies 8 Place Strategies 8 Promotion Strategies 8 Tactics and Action Plan 8 Product Action Plan 10 Price Action Plan 10 Place Action Plan 10 Promotion Action Plan 10 Monitoring Procedures 10 Introduction As a leader in the small electronics industry, Company G is proud to add to its market leading line of headphones. The XB-BWWEB Bluetooth Wireless Waterproof Ear Buds will set a new standard of excellence in listening devices. Mission Statement “We enable consumers to improve the quality and convenience of their lives by providing innovative electronics solutions.” The Product Today’s world is a “wired” world. We plan to cut the wires and expand the limited offering of wireless earbuds to include our new XB-BWWEB Bluetooth Wireless Waterproof Ear Buds. While there are other devices on the market today, none have the extensive list of features of the XB-BWWEB They feature; * Size - The smallest Bluetooth transceiver...
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...Apple Inc. Apple Inc. formerly Apple Computer, Inc., is an American multinational corporation headquartered in Cupertino, California that creates and retails consumer electronics, computer software, and personal computers. Apple’s mission and vision summarizes its committed efforts in bringing the best user experience to its customers through its advanced hardware, software, peripherals, and services along with a unique ability to design and develop its own operating system, hardware, application, software, and services, in order to provide its customers new products and solutions with superior case-of-use, seamless integration, an innovative design (“Apple Inc. Form 10-K Annual Report”, 1, 2012). Company’s mission and vision statements against the performance of the organization Apple’s mission and vision statements and objectives are neither interchangeable nor autonomous. Without objectives, the mission and vision statements are impractical. Without the mission and vision statement the objectives have no relevance. Both statements are too broad to be measurable, and the objectives are too definite to provide the big picture. When properly coordinated they strike a balance that helps to shape the business operations and service strategy. Apple Inc.'s mission statement is as follows - Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through innovative hardware, software and...
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...CB2601 Marketing – Group Project I Due Date: Week 7 Background Advances in transportation and telecommunications infrastructure, especially the advent of electronic communications (mobile phones and internet), flatten the world and connect billions of people in new ways. The global movements of people, goods and ideas expand significantly. The interaction and integration among the people, companies and governments of different nations, have effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Among different nations, China is undoubtedly one of the important counties in the world. China is now not only the “World Factory” but also one of the largest and high growing markets for any kinds of products and services. In the old days when China was ONLY a factory we still have a choice to bypass it and go for alternatives if we do not like the country. Now, it China becomes a major consumer market that no one can afford to ignore. Even we choose not to export to China or sell to the Chinese, the Chinese enter every industry and market you are working in and compete with your business. Most companies nowadays are seeking ways to expand their business to China market. For Team 1 to Team 5 Project Presentation (15%) Length of the presentations will be 15 minutes. Softcopy of the presentation (only ppt or pdf file is accepted) should be submitted into Canvas...
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...MARKETING MANAGEMENT ASSIGNMENT Product a breakdown of the principles and processes involved in formulating a marketing strategy including those of market research. MBA ID: Word Count: 1901 A marketing strategy is composed of several interrelated elements. According the definition of marketing strategy by Study Market (2011), it outlines the manner in which the marketing mix is used to attract and satisfy the target market(s) and accomplish organization's objectives. This is quite an encompassing definition of marketing strategy as it touches all the elements. It shows that marketing strategy gives a direction on how the marketing mix (product, price, promotion & place) are utilized in such a way to satisfy consumer target markets to achieve organizational goals and objectives. The marketing mix, segmentation, branding, promotion and market research all serve as parts of the interrelated elements that make up a good marketing strategy. Marketing mix has its origins in the 6O's: Jerome McCarthy (1964) deduced the four-element framework: Product, Price, Promotion and Place. The marketing mix elements redefined by McCarthy became the most widely used and accepted element of marketing theory. Many writers have expressed serious doubts on the role of marketing mix as a management tool in its original form and proposing alternatives approaches. Some of the weaknesses of the 4Ps are domain-specific: which ignored the human factor, lack of strategic dimensions, offensive...
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...Marketing the iPhone 6 Kegan Wilson MGT 330 Management for Organizations Instructor: Donna Falloon August 31st, 2015 Section 1: The Introduction This paper will discuss and outline how the marketing practices and strategies are defined as well as utilized to market the sales of the iPhone 6 to foreign markets. Marketing is defined as the method by which companies generate value for consumers, and it is built on that same value in order to develop strong, lasting relationships with the target audience who thus become the company’s primary customers. Marketing entails understanding consumer needs and consequently developing products and/or the services required to satisfy those needs. The marketing process involves understanding the consumer, building strong, lasting consumer relationships, creating a sound marketing strategy, and capturing the value from consumers. (White, 2012) This paper will present the process of marketing while also attempting to market the iPhone 6 in the United States and overseas. Section 2: Understanding the Consumer In the marketing process, the first step is to understand the marketplace and the consumers’ needs. During this step, the market manager needs to comprehend the consumers’ requirements and then offer the associated products and services to satisfy those particular items. Their individual personality shapes the customers' desires, and when supported by their purchasing power, their wants become demands. To fulfill the customers’...
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...customize their bags on www.timbuk2.com. The bags are cut and sewn in San Francisco factory and are shipped in two working days. To meet the demand for product and include technical features like welded seams and molded back panels, non-customized products are manufactured in Asia. This blend of at-home and abroad manufacturing enables us to meet the consumer, product, and market demands required to compete globally and deliver products. 2. Complete SWOT assessment for the company which outlines the organizational strengths and weaknesses. Mark Dwight inherited with original Timbuk2. Also, include the opportunities and threats facing Timbuk2. Strengths: - Customization and Online support: Customers customize their bags on www.timbuk2.com and are shipped in two working days. Different styles are listed in the site for people of all ages. - Experienced staff: Dwight hired experienced managers and carefully thought out vision for next five years. He made a team of industry veterans and mapped a plan to a...
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...Marketing Plan July 2, 2012 MKT 421 Ronald Bonlender Marketing Plan Apple Inc. became incorporated in 1977 and has since generated many innovations giving Apple Inc. a valuable reputation as well as immense revenue. Apple Inc. designs, manufactures and markets a variety of products sold nationwide through retail stores, online sites, and direct sale. Apple Inc. is recognized for product differentiation and will continue to do so with the introduction of Apple Inc.’s I-Magine (video game console). In creating a marketing plan, Apple Inc. intends to consider various factors, such as geographic availability, product mix, and transmission of product description. In addition, phase I of Apple Inc.’s marketing plan will consider an effective SWOT analysis to determine strengths, weaknesses, opportunities, and threats, or trends to creating this latest product. Furthermore, marketing research and analyzing consumer factors, such as demographics, psychographics, behaviors, and geographic considerations will ensure I-Magine’s success. The function in Phase I of Team B’s marketing plan is to consider industrial analysis in relation to competition and differentiation from other competitors in the video gaming industry. To pursue this strategy in Phase II, Team B undertook data-based synopsis from different online resources to gather information on the organizational strategy of Apple Inc. Findings from research information pertaining to the video game industry’s products and services...
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...Research In Motion Case Study Report MKTG 1102 – Set K Anne Marie Webb-Hughes The Zen Group (Group B) Allysa Bikowski Sam Bryant Sarah Crossin Jeron Dillon Kevin Giles Theresa Lawson David McConville October 22, 2009 0 Problem Identification Research in Motion (RIM) will face considerable challenges moving forward. The most relevant questions at hand for the company are, “How can RIM successfully gain a more significant market share of the consumer market?” and, “How will RIM maintain its brand dominance within the business market?” Key Findings RIM, founded in 1984, is the pioneer of smartphone technology and the developer, manufacturer and marketer of the most popular portable communication device in the world, the Blackberry. Unveiled in 1998, the BlackBerry is a truly innovative product that has changed the face of business. In August 2009, Fortune Magazine named RIM the fastest growing company in the world and according to British Broadcasting Corporation, RIM profits have increased by 84% and revenues by 77% in the last three years (Fortune Magazine, 2009). Furthermore, Schonfeld (2009) reports that 56% of all smartphones in the United States are Blackberries and the bestselling smartphone of 2009 is the Blackberry Curve. Despite this success and growth, RIM faces significant challenges. The greatest challenges currently confronting RIM are maintaining its market dominance in the business market and increasing their market share in the consumer market. While RIM...
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...Research In Motion Case Study Report MKTG 1102 – Set K Anne Marie Webb-Hughes The Zen Group (Group B) Allysa Bikowski Sam Bryant Sarah Crossin Jeron Dillon Kevin Giles Theresa Lawson David McConville October 22, 2009 0 Problem Identification Research in Motion (RIM) will face considerable challenges moving forward. The most relevant questions at hand for the company are, “How can RIM successfully gain a more significant market share of the consumer market?” and, “How will RIM maintain its brand dominance within the business market?” Key Findings RIM, founded in 1984, is the pioneer of smartphone technology and the developer, manufacturer and marketer of the most popular portable communication device in the world, the Blackberry. Unveiled in 1998, the BlackBerry is a truly innovative product that has changed the face of business. In August 2009, Fortune Magazine named RIM the fastest growing company in the world and according to British Broadcasting Corporation, RIM profits have increased by 84% and revenues by 77% in the last three years (Fortune Magazine, 2009). Furthermore, Schonfeld (2009) reports that 56% of all smartphones in the United States are Blackberries and the bestselling smartphone of 2009 is the Blackberry Curve. Despite this success and growth, RIM faces significant challenges. The greatest challenges currently confronting RIM are maintaining its market dominance in the business market and increasing their market share in the consumer market. While RIM...
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...CONTENT 1.Introduction ……………………1 2.Current performance …………1 3.Market share………………………2and 3 4.Ansoff's Matrix - Planning for Growth…..4 5.PEST ANALYSIS………………………………………4 6.Marketing MIX………………………….6 7.Porter’s Five Forces…………………….7 8.Swot Analysis ……………………………9 9.Conclusion …. .………………………………..11 10.Recommandations………………………..11 11. References………………………………….12 The purpose of this paper The purpose of this paper is to outline the Samsung’s current situation, addressing where and how they currently operate, both in the home market and globally. Detailing such information as market share, product ranges, pricing strategies, competitor analysis, plus other key issues that are relevant to the company and products we are reviewing. We will present issues that will have an impact on the company’s future global strategy. 1.Introduction . Samsung electronics is South Korean global company, a part of the Samsung group established in 1938,employing approximately 206000 people in 197 offices across the 72 countries. The company sales is $ 143.1 billon in 2011 considerably 13% more than previous year(annual report of Samsung 2012).Samsung operates in intense competition from growing number of competitors .All of them have strong brand equity such as LG electronics ,Whirlpool ,Nokia ,Apple and Sony. Among its several products single galaxy s devises has been huge success for Samsung.It announces that it had sold 20 million units Galaxy S !! devices since April 2011...
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...Apple, Inc. SWOT Recommendation Outline Strengths * Market leader * Diversified products and markets * Superior revenue and margins * Ongoing innovative product design * Superior supply chain and manufacturing efficiencies * Product reliability * Highly effective advertising * Ongoing use of superior operating systems * Worldwide demand for the iPhone * Mac’s increasing domestic market share * Management is committed and confident * Allowing iTunes songs to be sold online without DRM | Weaknesses * The loss of Steve Job’s visionary spirit and superior leadership * Lack of compatibility options in its software * High R&D costs * iPhone’s late move to Verizon network * Safari’s conservative interface compared with Google Chrome’s * Apple does not have it’s own processors or memory, they rely on other companies for them * No plans to producte a netbook laptop | Opportunities * Expansion to a broader range of customers with lower cost product options. * Targeting of government and additional educational institutions. * Entry to new foreign markets. * Constant growth in the PC and smartphone segment. * Expansion into the gaming market * Growing market of energy efficient products * Production of Netbooks | Threats * Competitors with less expensive products * Competition in technology with other key players in the PC industry like HP, Dell, Acer * Competitors trying to recreate iTunes * Increasing popularity...
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... Executive Summary In the following case a business process is described of a particular subject which is discussed during the lectures of the APM course. The choice was to write one from your own experience or from an existing company. I chose an existing company since you can keep an interview and it will be easier to identify the current situation and to draw up a “plan for the future” which will contain some adjustments and benefits the company. The company I chose is an advertisement agency which focuses on online graphical design and target group analysis to efficiently meet today’s customer demands. luukharleman@gmail.com (243011) 3 Table Of Contents Executive Summary ................................................................................................................................ 3 1.Company Analysis ................................................................................................................................ 5 Organisation chart ............................................................................................................................... 5 Brief outline ......................................................................................................................................... 5 Products............................................................................................................................................... 6 Media Architecture: .......................................................
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