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The case study of Vodafone important point
Vodafone Strategic Analysis
What Does The Strategy-Making, Strategy-Executing Process Entail
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Vodafone Group plc is a UK-based publicly traded company with a focus on telecommunications and mobile network technology. It is arguably one of the most recognized and cost-effective service organizations and also, globally the second-largest mobile communications company.
The company continues to cement its identity into new emerging markets as it expands and collates material to continue plummeting the brand name. Utilizing established advertising agencies for promotion and market firms, Vodafone managed the resources available to “ensure performance by focusing on customer satisfaction and performance relative to competitors”. The marketing plan is divided into a logical sequence comprised of a number of steps, it occurs at the business-unit, product, and market levels.
The first step that has to be taken in the marketing plan is the executive summary, this essentially gives the recipient an idea if the outcomes. A brief account of the circumstances and principal recommendations is provided so that the user is able to grasp the chief incentive of the plan itself and also determine which aspects of Vodafone plc have the clearest selling points. Vodafone, as aforementioned is one of the largest providers of wide range communication services, by a total revenue of £44.5bn being upped 8.4% from the previous year. In its native market in the UK, Vodafone is the largest.
Due to the emerging popularity of mobile broadband, Vodafone has utilized the large commercial potential for PC Internet connectivity via mobile networks. Vodafone Germany was the largest provider of mobile broadband at the end of 2006 with 540,000 subscribers with the UK and Italy divisions also getting a substantial amount between them. Mobile...
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...he projected revenue.
Lastly, the controls stage is defined as the stage where a company designs its marketing plan it must note that there is not a fixed position with no variability, therefore the marketing plan must be updated due to emerging external factors that might affect the strategy as a whole, as long as it moves towards fulfilling the requirement of the consumer using this telecom organization.
Conclusively, the marketing plan is indispensable to the firm. Marian Burke Wood wrote that it encompasses more than just marketing, it also includes the discussion of locations, staffing and financing. Asking questions such as which market should be penetrated, strengths and weaknesses that the firm brings to the marketplace. If sufficient resources are available, and if so, can be exploited, may prove to be more than just a handful of core benefits.
Once the target market has been identified it is important to develop a marketing strategy. In today's fast paced, information overloaded society; conveying a message about a product seems to be more difficult than ever. The consumer is bombarded with advertising everywhere they look. Today advertising not only exists on television, radio, magazines, and newspapers, it can be found on billboards, park benches, in our mailboxes, on buses, taxis, at sporting events, and on clothing.
(Yoder-Wise, 2015) During the process of planning you need to assess your internal and external environment, identify any opportunities and threats. Then you want to create your plan and identify your goals and objectives, implement the plan and lastly you evaluate and make any necessary changes. In strategic marketing, you want to identify your target market and research it. When planning you identify your strategies and objectives you identify what services you will provide and at what cost an how you’re going to market your plan. You can evaluate by getting feedback from consumers through different
Verizon offers a variety of services and products for its customers including: 100% 4G LTE wireless networks, largest portfolio of wireless devices and smartphones in the market, high speed broadband internet, television and interactive devices, and enterprise solutions information technology. The existence and size of Verizon’s current infrastructure as it relates to its retail locations, wireless coverage area, and its global ip network are above peer in comparison with its primary competitors. The global ip network itself spans over 150 countries and more than 2,700 cities. Meanwhile, Verizon is also the U.S. largest wireless provider and has more 4G LTE wireless coverage than all other networks combined.
In today’s telecommunication market there is a lot of competition by industry giants such as Sprint, MCI, and AOL, but simultaneously the very high cost involved with entering and competing in this industry also makes it very unattractive for new entrants. These are just some of the big names who are planning to and are presently providing parts of the pipe dream that AT&T seems to seek. In this industry it is very important to have customer awareness of the line of products you carry. Most of the public hears the name AT&T or Sprint or MCI and they think telephone bills but many consumers do not realize that these companies have expanded their field of services from cellular phones to wireless web services. The reason mainly being the lack of marketing, and direct consumer advertising provided by these firms on the other line of p...
In a competitive environment where market is changing instantly, organizations are in a fix to design a strategy that could market their products enticing the consumers to buy their products and services. Market is the arena for business gladiators who fight out for maximum share and profitability and this is possible only through effective marketing strategy. Competing in present economy means finding ways to break out of commodity status to meet customers’ needs better than competing firms (Ferrell and Hartline, 2010). The intensity of competition has increased after the introduction of media and internet where the companies present their product in the best way through advertisements, product reviews, blog entries, etc. With the advancement in technological innovations, companies have found various ways of providing services to the consumers in a cheaper and effective way and this has resulted in communication revolution in late 1990’s as the cellular technology was unfold in most of the regions. Singtel Optus Pty Limited (Optus) is one such company that has evolved during this period as a leader in integrated communications and this paper is assumed to make an analysis of the company’s marketing strategy and its financial position in the market industry.
The following report will analyse Vodafone and their current position in the international market. This report will cover the competitive strategy of Vodafone and their influence of products and services in relation to the demand of the market.
Marketing is a core pillar of an organization and contribute significantly in its prosperity through attaining the laid down targets as well as scope of development. The position of an organization is hugely based on its competitiveness and capacity to capture a significant portion of the market in relation to the prevailing needs of consumers. Interaction of the organization with the consumers and the potential consumer in the market arena is attained through the marketing wing of the organization (Ferrell& Hartline, 2012). The preferences of the consumer and avenues of satisfaction are aligned to the established marketing frameworks. However, the success of organization marketing is highly inclined to the marketing strategies formulated and adapted towards coping with competition and eventually enhancing firm competitiveness.
Marketing Plan: Phase Two. The A-Team has introduced a new product called Pepsi Platinum for the company, PepsiCo, in Phase Two. This dissertation will identify segmentation criteria that will impact PepsiCo target market selection. This dissertation will describe the organizational buyers and consumers of Pepsi Platinum and the factors that influence their purchasing decisions, and discuss how these factors will impact PepsiCo’s marketing strategy.
SingTel faces two major competitors’ in the mobile market viz. StarHub and M1. StarHub and M1 are both supported by experienced worldwide telecom operators and additionally strong local partners. StarHub 's significant major shareholders are Singapore Technologies Telemedia (49.36% offer).
Vodafone is the world's largest mobile telecommunications community, employing over 65,000 staff and with over 130 million customers. The business operates in 26 countries worldwide. Vodafone is a public limited company with listings on the London and New York stock exchanges.
Marketing is a fundamental aspect of all businesses, whether they are set out to make a profit, or charitable organisations - they will have to carry out marketing research of some description. It has been described as being, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (Chartered Institute of Marketing) This essay will explore the role of marketing in a marketing oriented business and different aspects of the external environment that a smartphone company should be aware of. The points raised throughout will be supported using relevant journals, textbooks and newspaper articles.
There are many different approaches to the marketing planning process. The one most widely recognised is the SOSTAC model developed in the 1990’s by PR Smith. The model is straightforward and goes through the process of building a marketing plan, ensuring that all relevant factors are considered, without excessive and expensive detail. Finally looking at the practical issues of putting the plan into practice.
As a manager, the marketing in-charge requires to, ensure that he or she has designed a strategic thinking plan, which include problem-solving after an analysis of the prevalent issue. The manager should have team leadership skills as he will be the head of different teams and be able to persuade and adapt to the changing times as failure might compromise the profitability of the company (Mondschein, 2009). Finally, decision-making, judgment, and creativity should prevail among marketing manager.
An organisation strategies that combine all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and the business. marketing strategy is one way to achieve the goal of a company. The destination marketing is the first and best in class in meeting the needs and aspirations of consumers. Besides that, being a key partner for our customers, consumers and communities. Eliminating non-value added activities of the process. However, the aims to increase the target profitable growth and provides benefits above average employees and shareholders. There is an example of marketing strategies that used in Rejoice company. The 4P’s are influence the marketing strategies.
The next purpose of the Business Plan is to allow the entreprenuer to view and evaluate the proposed businessventure in an objective critical and practical manner .The collpase of many business ventures can be attributed to the decisions and planning of thye entreprenuers who rely more on emotions and gut feeling rather than objective and rational considerations .With a Business Plan the entreprenuer has solid and well-grounded information to supplement the planning and decision making