...1. Executive Summary The report was conducted to analyze from marketing strategies perspective why Xiaomi has made such a big success in smart phone business since it was founded in 201, and to make some recommendations for its further success. The methods used in the report include external analysis (customer analysis, competitor analysis, market analysis and environmental analysis), internal analysis (performance analysis and determinants of strategic options) and analysis of strategic outputs. In addition, a survey which can be found in Appendix part was conducted in a focus group to help on the analysis. The results from the analysis tell that Xiaomi has attracted a large number of very loyal customers by very accurate segment target positioning, establish very concise brand image with very user friendly UI system, high performance hardware and very efficient on-line selling channel. On the other hand, more and more powerful bargaining power from its suppliers, heavy dependency on single marketing channel (online) and difficulties in establishing technical differentiation are the major threat or weaknesses Xiaomi is facing. Xiaomi has become a very successful smart phone producer and seller. It created a phenomenon in the market and now is the paradigm many market players try to copy. Therefore, to overcome its weaknesses and tackle the threats and to gain sustainable development of business, in the report, the following recommends have been discussed: Enhancing...
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...[pic] OUM BUSINESS SCHOOL ASSIGNMENT SUBMISSION AND ASSESSMENT _________________________________________________________________________ BMME5103 MANAGERIAL ECONOMICS JANUARY 2015 _________________________________________________________________________ INSTRUCTIONS TO STUDENTS 1. This assignment contains question that is set in English. 2. Answer in English only. 3. Your assignment should be typed using 12 point Times New Roman font and 1.5 line spacing. 4. You must submit your hardcopy assignment to your Fasilitator and ON-LINE via the MyVLE. Refer to the portal for instructions on the procedures to submit your assignment on-line. You are advised to keep a copy of your submitted assignment and proof of the submission for personal reference. Your assignment must be submitted on 21st – 29th March 2015. 5. Your assignment should be prepared individually. You should not copy another person’s assignment. You should also not plagiarise another person’s work as your own. EVALUATION This assignment accounts for 60% of the total marks for the course. ASSIGNMENT QUESTION PART 1 PURPOSE: The purpose of PART 1 of this assignment is to enable the students to understand the fundamental economic concept and to apply his/her knowledge on factors affecting demand; in particular when more than one factors change simultaneously. REQUIREMENT: 1. The concept of a marginal use value that declines as the rate of consumption...
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...Marketing Proposal and Strategy for New Xiaomi Product “MiSpectacles” Co-authored by Kyaw Soe Hein 12 Feb 2015 ABSTRACT This document provides a marketing report on Xiaomi Inc, a multinational corporation based in Beijing, China. Xiaomi is a privately owned Chinese electronics company founded by Lei Jun and several partners in 2010, and which has now grown to be the world’s third largest smartphone distributor. The report begins with an introduction Xiaomi and briefly highlights the company’s background and history. Highlights of the firm’s external environment are provided using the PEST framework, followed by an analysis of the competitive environment using the Porter’s Five Forces framework, leading to a discussion on the organisation’s strengths, weaknesses, opportunities and threats in light of its operating environment. The report then proposes 3 viable market segments for the proposed new product (MiSpectacles), and selects a proposed target market segment, highlighting the company’s differentiating strategy and value proposition. The report concludes with a proposal on the marketing mix for the new product, as well as the product development strategy. Page 2 of 34 TABLE OF CONTENTS ABSTRACT .................................................................................................................... 2 TABLE OF CONTENTS ............................................................................................... 3 LIST OF TABLES...
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...University of Greenwich ASSIGNMENT SUBMISSION COVER SHEET SUBJECT CODE : BUSI 1150 SUBJECT TITLE : E-Logistics and International Supply Chain Management PROGRAMME : UOG-MBA UOG ID : 000858488 NAME : XING JIE LECTURER’S NAME : Mr. Sugendran LEARNING CENTRE : SEGi COLLEGE KUALA LUMPUR SUBMISSION DATA : 06/05/2015 目录 1.0 Introduction 2 1.1 Supply Chain 2 1.2 Risk 2 1.21 Internal Risk 3 1.22 External Risk 3 1.23 Bullwhip Effect 4 2.0 company 4 3.0 Growth 5 4.0 Supply chain in the business 6 4.1 Operate Scope 7 4.2 Marketing model 8 4.3 Procurement model 8 4.4 Production Mode 9 4.5 Inventory management model 10 4.6 Delivery Mode 10 5.0 company supply chain of risk and uncertainly 11 5.1 Internal 11 5.2 External 12 6.0 overcome the risk 12 6.1 SWOT 12 6.11 Strengths 12 6.12 Weakness 14 6.13 opportunity 14 6.14 threat 15 6.2 solution based 16 7.0 conclusion 16 8.0 Reference 17 1.0 Introduction 1.1 Supply Chain Supply chain is entire network of entities that is the production and distribution process involved raw material suppliers, manufacturers, distributors, retailers and ultimately consumers connect upstream and downstream members of the network structure. Supply chain like a leafy tree, Production business is the roots, is the main bar of the main agents, distributors are branches and trees and Ilex green leaves safflower is the end user. Raw material suppliers...
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...Xiaomi swot analysisStrength1. Excellent entrepreneurial team member, e.g. Hugo Barra has joined to xiaomi to expand oversea business, take in charge of oversea business development, and strategic cooperation with google android.Involve users' participation in mobile phone R&D can better meet consumers' needs, and draw their attention when new products released. Gained fans loyalty.Cost-effectiveness mobile phone, priced from 500-2000Miui: xiaomi phones’ operational system/ mChat/ Xiaomi phones5. Lower marketing cost than other mobile brands. Launch events and microblog marketing. 6. Cultivating brand loyalty with fans groups, online flash sales, glitzy apple-style launch events and high-specification products sold at low pricesLow stocking cost8. Cooperate with China Unicom and China TeleCom to create new sim card, which is much cheaper than other sim card brand.9.Sells model: consumers book and pay for the phone first, so that XIAOMI has enough finance to purchase inventory.----zero inventory. lower stocking cost. Good cash flow.Weakness:Service cannot meet customers' satisfication。 。No self PlantsDistribution channel is easy to be copied by competitors4. Xiaomi has relatively few patents and little R&D spending, sourcing most of its components commercially.Many company claimed that xiaomi copied their products. Therefore if xiaomi enter into oversea market, it will face very high patent fees.The fans groups, business mode(online flash sales, glitzy...
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...In Q2 2014, the world’s largest smart phone market, mainland China, accounted for 37% of global shipments – some 108.5 million units. Of the top five vendors in China this quarter, all but one were local companies. And perhaps more impressively, that home-grown success continues in the top 10, where eight vendors were Chinese. In little over a year, Xiaomi has risen from being a niche player to become the leading smart phone vendor in the world’s largest market, overtaking Samsung in volume terms in Q2. Xiaomi took a 14% share in China, on the back of 240% year-on-year growth. With Lenovo, Yulong, Huawei, BBK, ZTE, OPPO and K-Touch, the eight Chinese vendors in the top 10 together accounted for a total of 70.7 million units and a 65% market share. Samsung and Apple, the only international vendors in the top 10, together accounted for shipments of 20.0 million units, representing 18% of the overall smart phone market in China. ‘This is a phenomenal achievement for Xiaomi,’ said Shanghai-based Canalys Research Analyst Jingwen Wang. ‘Undoubtedly this was helped by an anticipated, temporarily under-strength Samsung performance during the quarter. But that is only half the story - Xiaomi has also executed on its strategy to grow volume shipments. It has delivered compelling products at aggressive price points, focused chiefly on its locally relevant MIUI software features and services, backed by effectively targeted marketing. In particular, its affordable RedMi range is booming...
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...inNewsSPECIAL REPORT: Why Are Xiaomi Phones So Inexpensive? 3 inShare NEWS SPECIAL REPORT: Why Are Xiaomi Phones So Inexpensive? Added 19th May 2014 By Michael Kan SPECIAL-REPORT-Why-Are-Xiaomi-Phones-So-Inexpensive_300x225.jpg Chinese smartphone vendor Xiaomi has made a name for itself by selling iPhone-like gear for almost a third of the price of Apple products. It may sound too good to be true, but the company is managing to sell millions of phones and is already kicking off a global expansion. So how does it pull it off? For one thing, Xiaomi claims to price its phones just above their costs. But company officials also point to its iconoclastic business model, which eschews the financial burden of using traditional marketing and distribution practices, and relies on the Internet to fuel sales. It's made Xiaomi into a company that doesn't operate like a typical smartphone vendor, but still successful enough to become one of China's hottest tech firms. Disrupting the market When Xiaomi unveiled its first flagship Mi 1 phone in August 2011, attention was fixated on the device's price. Consumers could buy what was then a cutting-edge smartphone for 1,999 yuan (US$324). This was a major bargain compared to other high-end phones including the iPhone 4, which started at 4,999 yuan. Xiaomi maintained the initial 1,999 yuan price for the flagship phone. But the company also released its Hongmi line of products, which are lower-spec phones, at even lower prices, starting...
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...Why Xiaomi can grow so fast? The International Data Corporation (IDC) has reported that Xiaomi Inc, a privately owned Chinese electronics company headquartered in Beijing, China, was the top smartphone company in China last year with a 12.5 percent market share, narrowly outpacing South Korea’s Samsung. The article analysis the strategies used by Xiaomi to become a market leader. The key strategy that put Xiaomi firmly on the map was coming up with a good quality phone at a lower price range. Xiaomi pursued a very different business model to Apple, selling high-specification smart phones at low prices. Xiaomi’s MI 3 smartphone, its flagship, is appropriately light and thin (8.1 mm),with nicely beveled curves. A color-popping display from LG and a high-performance Qualcomm processor gives buyers the same components they would find in other smart phones. The device runs on MIUI, Xiaomi’s own version of the Android operating system and incorporates weekly software updates from users which is a big USP. By building its own Android-based OS called MIUI, XIAOMI phones got new exciting features not found on standard android devices as well as plenty of customization options. Xiaomi has also managed to harness the power of social media by not only broadcasting their messages and announcements but by actively engaging with their customers. In its early stages, the company pioneered flash style sales which were done with little or no advertising. Flash sales basically mean...
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...Business & Economics Master of Business Administration BEIJIN XIAOMI TECHNOLOGY CO.: GROWTH VIA ONLINE CHANNELS1 1. Was Xiaomi creating a disruptive innovation? Why or why not? Explain using characteristics of disruptive innovation I believe that Xiaomi Inc. is created a disruptive innovation, because it made huge success in sales in smartphone industry through online method, and didn’t use the traditional method of marketing. In addition, it didn’t launch any physical site to work, and it occupied the 3rd largest cellphone in China, and the 6th around the world as one of the biggest smartphone companies around the world. Therefore, Xiaomi disrupted the available market of the same industry, and created new market with value networks, as the quality of the phones manufactured and the low price offered to be sale online. It displaced the current smartphone markets exist, but it didn't stay lone, when new emerging companies started imitating Xiaomi in online sales, so disruptive innovation approved its failure to Xiaomi in the ability of execution and innovation. I believe in the failure that borught by disruptive innovation, because at the beginning it gives benefit for the company adopting it, but didn't sustain its success as in Xiaomi example. And, for Xiaomi it didn't produce it's own hardware and that's leads to the fact that Xiaomi can't produce innovative new products by itself. To conclude, I believe that to garuntee the sucessful...
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...Summary By: TGM 546: Industrial Regional Analysis Xiaomi, Inc: The Rise of a Chinese Indigenous Competitor The document provides an in depth report on Xiaomi Inc, a multinational corporation based in Beijing, China. Xiaomi is a privately owned Chinese electronics company founded by Lei Jun and several partners in 2010, and which has now grown to be the world’s third largest smartphone distributor. Xiaomi exploded on to the mobile phone scene while Apple Inc. and Samsung were battling for dominance in the Chinese market. When the company was founded its main objection was to develop and sell software for mobile devices using the Android operating system, since then the company has evolved into what it is today in a steady running behind Apple and Samsung. Xiaomi’s imitation of Apple Inc Xiaomi has been dubbed the Apple Inc. of China and rightfully so not only does the mimic Apple from the corporation aspect but its founder is inspired by the Apple founder Steve Jobs. Lei, Xiaomi's Founder, Chairman and CEO has often been referred to as the Steve Jobs of China and even fashions himself after the late founder. His attire is the simple black shirts and blue jeans emulating Jobs, who he has admired since his college days. Also like Jobs, he has been called a shameless self-promoter and supreme marketer--characteristics that are thought to partially explain his company's success in China. Another example of Xiaomi modeling itself after Apple is the MIUI firmware. This...
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...r MGMT330 Strategic Management Final Project Xiaomi Entering India’s Mobile Market Analysis Content 1. Introduction ---------------------------------------------------------------------------------------------- 3 2. General Environment analysis of the Mobile Industry in India --------------------------------6 3. Business model of Xiaomi with India market analysis--------------------------------------------9 4. Comparison between Samsung and Xiaomi -------------------------------------------------------11 5. Recommendation---------------------------------------------------------------------------------------13 6. Conclusion ------------------------------------------------------------------------------------------------15 7. Reference ------------------------------------------------------------------------------------------------ 15 1. Introduction 1.1 Background information of Xiaomi Xiaomi, a leading smartphone brand in China, has been trying to enter India’s mobile market in this year. India is a developing country which has a potential market for smartphones. There will be a detailed explanation and analysis of how Xiaomi enters India’s mobile market. We will also evaluate its strategy and provide some opinions or recommendations. We will describe the business model of Xiaomi and the original strategy that Xiaomi used in mainland China first. Then talk about the mobile market of India and the general environment...
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...Marketing Plan Xiaomi Inc. Natalie Embleton - 17179865 Executive Summary: Lei Jun along with 7 other developers founded a company, Xiaomi in 2010. Since the release of its first phone in late 2011 it has created an estimated global market share on 5.1% this report will focus on a company, customer, product analysis of Xiaomi as well as show a SWOT analysis, discuss key target markets and list the advantages a disadvantages of potentially entering the Australian mobile phone market. Over it all it seems with the right planning Xiaomi have a rather large chance of becoming a well-known phone brand in the Australian market due to its user-friendly interface and affordable pricing. Table of Contents Executive Summary: 2 Product Description: 3 Customer Analysis: 5 Competitor Analysis: Market position: 5 Collaborators: 6 SWOT Analysis: 7 Strengths: 7 Weaknesses: 7 Opportunities: 7 Threats: 7 Market Segmentation: 7 Lifestyle And Psychographics: 8 Demographic: 8 Geographic: 8 Behavioural: 8 Alternative marketing strategy: 8 Price Focus: 8 Differentiation: 9 Diversification: 9 Selected Market Strategy: 9 Price: 9 Product: 9 Place: 9 Promotion: 9 Advantages And Disadvantages Of Entering Australia: 10 Advantages: 10 Disadvantages: 10 Conclusion: 10 Product Description: A serial entrepreneur Lei Jun founded Xiaomi Inc. who believed that high quality technology doesn’t need to cost a fortune. Xiaomi is a privately owned...
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...Product – not just another knock-off Competing only on price was not what XiaoMi has chosen as their core strategy. Surely, their phones and tablets are cheaper than Apple’s and Samsung’s but, by far, not the cheapest ones in the market. There are cheaper smartphones that flood China, however all of them have a major flow – poor quality. Essentially, those devices are reverse-engineered versions of Samsung models built from cheaper materials. By coming up with a good quality phone at lower price range was the key strategic move that put XiaoMi firmly on the map. The phone has a robust case, high quality screen and a reasonable battery. It doesn’t break easily, unlike cheaper copycats that start having issues after just a few months of use. By building it’s own Android-based OS called MIUI, XiaoMi phones got new exciting features not found on standard Android devices as well as plenty of customization options. #2: Price – pay less now, pay more later XiaoMi has also realized that selling cheaper phones near their actual cost was not a sustainable long term strategy, so they decided to go with the Amazon’s model – just cover the cost of the devices and make money from selling content. Although, XiaoMi is often compared to Apple, especially considering the fact that their founder, Lei Jun, resembles Steve Jobs in his style and charisma, it is clear that XiaoMi’s true inspiration comes from Amazon. Also, XiaoMi mostly sells online which further reduces cost of sales and overheads...
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...COURSE TITLE FINANCIAL MANAGEMENT AND CORPORATE GOVERNANCE SEMESTER AND SESSION SEMESTER 1/2015/2016 REPORT TITLE MAIN ISSUES IN ALIBABA, BAT AND XIAOMI BUSINESSES PREPARED FOR MR ISMAIL BIN ABDUL RAHMAN PREPARED BY HEMA RAMASAMY@LOGARAJAH MATRIC NUMBER MBS141140 SUBMISSION DATE 18TH OCTOBER 2015 ALIBABA’S JACK MA: RISE OF THE NEW CHINESE ENTREPRENEUR Central Issues - China Pages were initially started up with almost no Internet background and low value of capital, resulted a bought over by China Telecom, a state-owned giant in industry. - Alibaba’s formation with limited capital went through period of uncertainty, where it was not a profitable business until year 2000. Its expansion were mainly focused on free-use base produced no revenue to Alibaba.com. Its funding was mainly from private investors and strategic partners such as Yahoo and Softbank. - Jack Ma’s strategy were based from original business models, and not a copied from US ones like most other Chinese Internet companies. Was it a wise decision to be unique? - Alibaba came with few main products, Taobao.com (shopping site), Alipay.com (payment service), Koubei.com (classified ads) and Alimama.com (marketplace). - EBay, had strong financial and technological resources, acquired EachNet, an online auction leader at the time as a competitor. Alibaba lacked resources to build an own search engine, led Jack to join forces with Yahoo. Somehow, Yahoo has its own competitors...
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...XIAOMI: FUTURE INTERNATIONAL AND DOMESTIC GROWTH CASE STUDY REPORT STOYKO STOEV, S2874075 XIAOMI: FUTURE INTERNATIONAL AND DOMESTIC GROWTH CASE STUDY REPORT STOYKO STOEV, S2874075 INTRODUCTION Xiaomi, co-founded by Lei Jun – a computer science graduate, and Lin Bin – formerly in charge of Google’s Chinese operations, has gone from a start-up to the third largest handset maker worldwide, only behind Apple and Samsung, in less than five years. This report has as a purpose to outline a prediction about the company’s future and is limited to projected growth of Xiaomi in both Chinese and international market, and reasons for the probable success it would have. INTERNATIONAL EXPANSION AND GROWTH Currently, Xiaomi only operates in Asia and is predominantly sold in China, but has revealed plans to expand to other markets in the near future. Chances of success in them are rather high and, moreover, the organisation can further solidify its position in China and increase smartphone sales not just internationally, but also domestically. The foreign locations in which Xiaomi is most likely to prosper are countries with developing economies such as Brazil, Mexico, Russia, Turkey, India, and Southeast Asia and the reasons for the possible prosperity are the developed methods and the reputation of the company. GOOD QUALITY AND AFFORDABILITY Until recently, it was widely believed that direct proportionality existed between quality and price and neither can be low...
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