...Marketing Plan Marketing Management Contents Introduction 3 Environmental Analysis 3 The Marketing Environment 3 Target Markets. 5 Current Marketing Objectives and Performance. 5 SWOT Analysis 6 Strengths 6 Weaknesses 7 Opportunities 7 Threats 8 Matching Strengths to Opportunities/Converting Weaknesses and Threats. 8 Marketing Objectives 8 Marketing Strategies 10 Target Market(s) 10 Marketing Mix 10 References 12 Introduction ICC Innovation, LLC is one of the companies that offer unique reporting services to the customer and companies. ICC Innovation offer direct access to information gathered from top 3 nationwide credit report agencies such as Experian, Equifax, TransUnion and their partners. Uniqueness of that service that ICC Innovation offer not only credit report information, but also offer access to consumer report and identity verification information. ICC Innovation focused on internet solution for businesses in financial area for companies like financial institutes, banks, mortgage and insurance companies etc. As a small company with fewer than ten full-time employees and a host of freelance and part-time help, ICC Innovation, LLC is faced with strong competition in the category from larger credit report agencies and companies that offer similar services who, in recent years, have increased their advertising and PR budgets. Environmental Analysis ICC Innovation, LLC is a privately-held company established in 2009. Of the...
Words: 2183 - Pages: 9
...Group 16 Innovation in Product Submission #2 Anant Jain B15131 Ankit Goel B15132 Anshul Jain B15134 2015 1. Introduction Innovation is refinement in a product, process, method, or a part thereof. Innovation has become a buzz-word in recent years, with increasing relevance of ‘innovation-centred business models’, and ‘innovation-led-entrepreneurism’. In fact, the success stories of Industrial America, technological Silicon Valley, American financial market, etc., are tales of constant innovations. ‘Digitization’ has shifted access to knowledge and information from a privilege to convenience: anyone who is willing and able to pay, has an access. Also, sharing of information and flow of payments and tenders through internet has changes businesses like never before. 1.1 What is Product Innovation? Product Innovation can be defined as creating a new product, or making changes in the existing product, or creating a differentiation in terms of utility or features of the product. Light Bulb, telephone, microprocessors, digital displays were great innovation in terms of making of new products, i-pods, cell phone, integrated circuits were innovations in terms of modification in existing products. Not all product innovations are technological breakthroughs- take a safety pin for example. Even candle, fountain pen, and scissors are examples of path-breaking revolution, that didn’t require significant technology, or invention capabilities. On the other...
Words: 6719 - Pages: 27
...Marketing and Innovation, the same fate. Sandor Luis Miranda. Student Number: 20145716003 ABSTRAC In this paper a literature review on the development of the innovation process in the course of the years and the importance of SMEs for the same is made. Turn reference to the relevance of the innovation process presented in the marketing strategy of companies to succeed in an increasingly dynamic, demanding and competitive market is. The article also different classifications of innovation are explained according to their degree of implementation, degree origin effect of innovation and its origin, as well as generations or models that have characterized the process of innovation over time. Key words: Innovation, Marketing, Management INTRODUCTION. In an era of globalization and high competitiveness of products, as it is in the changing world of marketing you need to be alert to the demands and expectations of the market, it is vitally important innovation factor. Competitiveness and the need to innovate to continue and grow in the current and future market are concepts used daily in many institutions. The marketing of innovation is a novel approach to technology management to solve the problem of linking research, technological development and the world of new business efficiently. Innovation and marketing are, in competitive markets today, two fundamental tools for business differentiation. Two tools capable of supporting a company as a market leader. The...
Words: 4060 - Pages: 17
...4 The Development and Implementation of Marketing Information System Within Innovation: The Increasing of Innovative Performance Ondrej Zizlavsky Brno University of Technology Czech Republic 1. Introduction In his work, a prominent Czech expert on innovations, (Valenta, 2001), reached the conclusion that current tougher and tougher competition, globalization of production and markets, as well as implementation of new technologies mean that the success of businesses is dependent on effectiveness and intensity of innovation activities. Innovation is a process that is created via interactions between various actors, e.g. (Dolourex, 2004) and represents an important element of a company's future success. Each innovation is unique and specific for every entrepreneurship. American authors warn that innovation is more than just an idea or thought. It is bringing an idea to life (Tidd & Bessant, 2009). Currently, innovation is considered a decisive condition of a competitive advantage in entrepreneurship. This is stressed by prominent Czech, as well as foreign experts; e.g. (Hamel & Green, 2007; Kislingerova, 2008; Kosturiak & Chal, 2008; Skarzynski & Gibson, 2008). The course of the fading economic crisis that negatively impacted operation of current business unambiguously supports the inevitability of innovations. A company that strives to maintain and strengthen its position on the market has to implement a suitable innovation policy that would enable it to achieve a more advantageous...
Words: 9789 - Pages: 40
...Operational Research; (2) Information Systems, Technology and Communication; (3) Industrial Economics and Regional Development; (4) Management, Organizational Behaviour and Human Resources; (5) Finance, Accounting and Marketing; and (6) Education, Training and Professional Skills. Term Paper can focus on Mapping new frontiers in emerging and developing technology areas in research, industry and governance.. Some Abstracts which emphasis on the Technology and Marketing. These are abstracts of articles which are already published. These are for your reference and you can start working in the same way concentrating on Technology and Marketing. * Trial-and-Error Marketing: The Role of the Customer in Tech Start-ups by Fabian Eggers, Deborah Brown McCabe Abstract: This paper explores the role of a customer- or product-centric focus in young technology firms decision-making and whether the behaviors of these firms differ from textbook marketing. rnData from depth interviews with founders of growth-stage tech start-ups reveal that new product development relies on four key approaches: self-focus, need finding, network creation and utilization, and middle ground. Their trial-and-error marketing is related to several theoretical constructs from the management, marketing and entrepreneurship literature. The paper provides a set of propositions and managerial implications. Keywords:...
Words: 3174 - Pages: 13
...COMPANY PROFILE COMPANY PROFILE WOOX Innovations is dedicated to delivering meaningful innovation in connected entertainment. From great sound quality, to advanced technology and sophisticated design, WOOX Innovations strive to improve the entertainment experience. Headquartered in Hong Kong and with over 2000 employees worldwide, WOOX Innovations develops, markets and sells Philips branded audio, video, multimedia and accessories products worldwide. WOOX Innovations is a subsidiary of Koninklijke Philips N.V. WOOX Innovations specializes in the development, distribution and marketing of a wide range of consumer electronics products. The company's products – audio, headphones, video, home cinema, multimedia, home communications and accessories – reflect an ongoing commitment to meaningful innovation in connected entertainment. WOOX holds leading market positions under the Philips brand in key categories including audio systems, docking stations, sound bars, headphones and connected audio. HISTORY Twenty years ago, a group of Philips engineers got together to solve a problem. They knew that people wanted sleeker audio systems that took up less space in their homes, yet they were also looking for a fuller, deeper sound. A new solution to one of the enduring challenges of audio technology was needed: how do you get a big, undistorted sound out of a small speaker? The solution was a new technology that would squeeze every last drop of acoustic potential from the space inside...
Words: 3961 - Pages: 16
...That is, the learning will include both listening, watching and doing. It would probably be a good idea to arrange with your other group members to participate in the online lecture together; that will ensure that there is somebody else that you know completing the online exercises at the same time that you will be. Furthermore, what you will also find is that the lecture does use a lot of what is covered in the textbook; so it may be a good idea to have the textbook open as you go through this online lecture. I hope that you find these online lectures engaging and that there is a positive learning outcome by participating. Start of Online Lecture on Innovation and Change . Overview A good starting point for this online lecture should be to understand that we have a fair way to go in terms of really knowing what innovation is and how it provides...
Words: 3484 - Pages: 14
...Daraz We Made History Daraz We Made History There was no concept of online shopping in Pakistan before the inception of Daraz. Online shopping in Pakistan was all about buying clothes and accessories from various retailers’ pages on Facebook, most of them owned by individuals with unique ideas and designs. Corruption, misleading information and the worst after sales service were common attributes of ecommerce in our country. Daraz was the first full thought out online store in Pakistan which took these issues into consideration and tried to rectify them. Daraz.pk: The first Ecommerce in Pakistan Daraz.pk is part of the Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, leading internet platform in Asia, supporting some of the top internet companies in the region. Since the overall shift in the global market about changing trends towards internet retailing (see Exhibit 1 ) and ecommerce playing main role in fashion industry (see Exhibit 2 ), Rocket Internet took advantage of this new need and established different online ventures in different counties of Asia among which one of them is Daraz. The reason to launch Daraz in Pakistan was based on many facts. Firstly, Pakistan being one of the most populated country in the world holds great attraction for retailers. Also 70% of its population is under 30 years of age (youth majority) which makes it quite lucrative for an online ...
Words: 3318 - Pages: 14
...Defining Marketing MKT 421 Defining Marketing When discussing marketing, many people believe that it involves selling and advertising. This is true, but more is involved when speaking about marketing. “Marketing drives organizations to focus on what it takes to satisfy you, the customer” (Perreault, 2009). An organization must take the initiative to be able to know their customers and what their needs are, as well as using innovation to develop new ideas and goods. “Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large” (Gundlach, 2009, p. 90). Organizations offer goods and services to consumers and customers, but finding a way to market those goods and services to prospective clients is the major key to success for any organization. Marketing is a main point included within business management. Organizational Success Marketing has a high importance involved with organizational success. The purpose of marketing is for organizations to adapt their, “marketing strategy to changing market conditions” (Perreault, 2009). Based on the definitions stated in regard to marketing, different areas of organizations are affected including career opportunities, innovation, and standard of living. Marketing goods or services, if it goes well can provide new career opportunities because of growth within the organization. Innovation inspires...
Words: 880 - Pages: 4
...208016, India Email: jayanta@iitk.ac.in jayanta.chatterjee@gmail.com Phone: 91-512-2597858, 91-512-2597376 (O) Mobile: +91-9648117755 Jayanta Chatterjee “To learn, research, teach and consult in my competence areas, to evolve as a person and share my ken to make a difference through creative Innovation” Core Competence • • Research Interest • • Innovation in socio-technical systems Cause Related Marketing. Media & Communication. Global Sales & Marketing Product and Brand Management. New Business Development. • • Dr. Jayanta Chatterjee has 42 years of teaching/research and professional experience in management at different industries and in different countries. Strategic Design of ProductService Systems • • Digital ecosystem & autopoeisis Jayanta started his career in 1972 at Siemens in Sales and Project Engineering and developed expertise in new product management. He then pioneered the introduction of advanced electronic control systems to Indian Industries at Allen-Bradley Ltd, where he rose to the position of CEO in 1990. But true to his passion he was also teaching as a visiting faculty at IIT Kanpur and at IIT Delhi during this period. Later, he co-funded Strategy Innovation Inc and became the Chief Knowledge Officer of vtPlex. In 2001 he divested out of that enterprise and joined the academia full time at Industrial & Management Engineering Department of IIT Kanpur. Visiting Professor at AIT Bangkok-School of Management & Member Academic & Research Boards of TA...
Words: 2148 - Pages: 9
...2.1 Innovation Types The main limitation of numerous conceptual, analytical and empirical studies is the fact that the concept of innovation has been researched as a whole and omitted the existence of different subgroups, thus, lacking the depth of the analysis (Jin et al. 2004. as cited in Gunday, Ulusoy, Kilic, Alpkan, 2011). When talking about the relation between innovation and sales performance aspect, it is crucial to take into consideration also value significance of different dimensions of innovation types (Gunday, Ulusoy, Kilic, Alpkan, 2011). "Innovation is broadly seen as an essential component of competitiveness, embedded in the organizational structures, processes, products and services within a firm (Gunday, Ulusoy, Kilic, Alpkan,...
Words: 1118 - Pages: 5
...lead user identification”, Creativity and Innovation Management, Vol. 19, pp. 304-13. Bennett, R. and Cooper, R. (1981), “The misuse of marketing: an American tragedy”, Business Horizons, Vol. 24 No. 6, pp. 51-61. Blazevic, V. and Lievens, A. (2004), “Learning during the new financial service innovation process: antecedents and performance effects”, Journal of Business Research, Vol. 57 No. 4, pp. 374-91. Bowers, M.R. (1989), “Developing new services: improving the process makes it better”, The Journal of Services Marketing, Vol. 3 No. 1, pp. 15-20. Carbonell, P., Rodriquez-Escudero, A.I. and Pujari, D. (2009), “Customer involvement in NSP: an examination of antecedents and outcomes”, Journal of Product Innovation Management, Vol. 26, pp. 536-50. Carlile, P. (2001), “A pragmatic view of knowledge and boundaries: boundary objects in NPD”, Organization Science, Vol. 13 No. 4, pp. 442-55. Chesbrough, H.W. (2003), Open Innovation: The New Imperative for Creating and Profiting from Technology, Harvard Business School Press, Boston, MA. Christensen, C. (1997), The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail, Harvard Business School Press, Boston, MA. Cooper, R.G. and Kleinschmidt, E.J. (1994), “Determinants of timeliness in product development”, Journal of Product Innovation Management, Vol. 11 No. 5, pp. 381-96. Dahan, E. and Hauser, J. (2002), “The virtual customer”, Journal of Product Innovation Management, Vol. 19 No. 5, pp. 332-53. de...
Words: 505 - Pages: 3
...Assignment #5 – Enhancing the Marketing Plan Creative Innovation Beauty Salon & Spa By Monique Moore MKT500009016-201101 Marketing Management Dr. Jean Gordon March 13, 2011 In looking at enhancing the Marketing Plan, there are a lot of aspects that come in place. In this paper there will be an discussion of the competitors with their strengths and weaknesses and how Creative Innovations Beauty Salon & Spa will relate to this. The second discussion is will Creative Innovations Beauty Salon & Spa be an leader or follower. There will also be a discussion of the macro-environmental and what trend will impact the business. So with this being noted here is a description of them all. Discuss the company’s competitors, and the strengths and weaknesses of each. In looking at the company’s competitors there are two nearby. The first company is Day Spa & Hair Salon in Richmond, Va. The Day Spa & Hair Salon is a serene, sophisticated retreat amid the bustle of the Short Pump Town Center in the heart of the West End of Richmond. The services being offered will be facial services, nail, feet, hair, and spa treatment. Day Spa & Hair Salon offer an signature to their products and services. In looking at the strengths of the company, the 100 years standing is an strength because that shows that there are values and trust within the company. Also the fact that they have continued customers shows that they provide great services for a long time. In looking...
Words: 2110 - Pages: 9
...How to foster innovation in your business Presentation on the occasion of the Credit Suisse event 7th September 2013, Zurich Dr. Reto Müller Chairman of the Board of Directors Helbling Holding AG Helbling - a Leader in Technological Innovation and Business Consulting Helbling Group Key figures 2012 We are unique through our ability to integrate a spectrum of professional know-how, experience and skills. 458 employees Our ability to link technological expertise with business competence results in entrepreneurial success for our clients. Companies in Switzerland, Germany, USA and China Revenues CHF 110.9m International Network Offices (Corporate Finance International) Owned by 25 managing partners 2 Examples of innovations at Helbling Extract out of some thousand innovation projects in more than 50 countries Innovation leaders collaborating with Helbling: Nestlé, Roche, ABB, Airbus, Siemens, Medtronic, Schindler, Pfizer, Novartis, Sonova, Google, BSH, Geberit, Sika, V-Zug, Source: Helbling Qiagen, Tecan and many others 3 Strategic innovation management – selected Helbling references Companies Why Helbling? We measure ourselves - e.g. on the increase of the value of your innovation pipeline We are senior experts with over 15 years consulting experience and a focus on the topics "Increasing innovation success and increasing the power of innovation» We use self-developed tools and instruments ...
Words: 7299 - Pages: 30
...cause customer need to evolve. A change in customer needs will impact upon the organisation's ability to serve its customers. This means that marketers have to be knowledgeable about what is happening in the external environment, or macro environment. Beyond the organisations that immediately influence a company's operations lies the macro environment. This consists of the larger social and international forces that affect the society within which a company operates. There is little a company can do to manage these powerful macro environmental forces, so it is important that marketers understand the macro environmental factors that affect products and services in order to devise the optimal marketing strategy to cope with these conditions. This topic explores the features of the external environment that impact upon marketing decisions. Macro environment is the external and uncontrollable factors that influence a company's or product's development. Billabong must know the value of each of the macro environment factors; such as, economic, demographics, and lifestyle, technology and natural forces. Before companies, or in our case Billabong, produce new products, they should study each macro environment force carefully. Each force has its effects on the market. Economic forces affect the consumer buying power and spending patterns. Thus, the new product should be affordable to their income. Billabong targets the millennia’s generation which include those who born between 1977...
Words: 1948 - Pages: 8