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Marketing strategies for business expansion
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This report contains Marketing strategies and plan, conducted on behalf of GM Holden Ltd. Holden is current looking to introduce new products into the home appliance market. This product is a refrigerator, which will be branded as Holden (Scenario created for the purpose of this assignment). A SWOT analysis conducted had shown a clear summary that Holden has a high strength in its being an Australian brand which manufacture in Australia, as Australian consumers are always looking to support Australian brands. On the other hand, Holden’s key weakness is that it has such a large employment base but none of them has experienced or been trained in developing or manufacturing refrigerators. Although Holden still has a an opportunity in the market as the brand has been a noticeable consumer choice attitude for “greener” sourced products, if the …show more content…
Holden wants to manufacture a refrigerator that will be perfectly functioned before adding any other features to accompany with the refrigerators. As the mostly used features of the refrigerators, is still going to be the actual refrigerator itself, which is trying to keep the food fresh. So consumer can be sure to benefit the fresh food all year round with Holden’s refrigerators.
Actual Product Layer
Quality Level and Specifications
Holden’s aim to produce a refrigerator with the highest quality it can reach with the specifications of 168 cm in heights and 55 cm in width and also 59 cm in the product depth, the refrigerator will be a medium sized refrigerator with its focus on keeping the food fresh with all year round constant temperature.
Holden returns to school and goes to his bedroom in the dorm. In his room quietly reading, his neighbor Robert Ackley came in. Holden describes him as a pimply, insecure, annoying boy with a bad dental hygiene. When Holden’s roommate Stradlater who was “madly in love with himself” (27) arrived home after the football game, Ackley abruptly left. Stradlater tells him that he has a date with a friend of his, Jane Gallagher. Jane is someone that Holden really cares for and because he knows the way Stradlater is, Holden became worried for her. “It just drove me stark raving mad when I thought about her and Stradlater parked somewhere in that fat-assed Ed Banky’s car”. (48) Holden became depressed and lonely, so out of the blue Holden decides to pack his things and leave for New York a few days earlier. On the train to New York, Holden meets the mother of one of his schoolmates. Not wanting to tell his whole life story, he told her his name was “Rudolf Schmidt”, the name of th...
Barry first discusses the impracticality of appliance manufacturers' desired features. They envision refrigerators which alert the consumer when they have run out of milk, transmits their weight to the gym, and allows the sharing of information on the internet. "I frankly wonder whether the appliance
Marketing at the Vanguard Group. In light of an evolving market, faced with new competitors, and after a careful analysis of their current customers, the Vanguard Group (hereinafter referred to as “Vanguard”) realizes it must rethink its entire marketing strategy. However, in order to protect and leverage their competitive advantage, which is their low management fees, and to optimize the loyalty that their customers continuously demonstrate toward their organization, they must now target the most profitable segment for them, and develop the best way to serve and delight these customers. SITUATION ANALYSIS Highlighted SWOT Strengths Low fees strategy - a good idea.
The beverage industry is highly competitive and presents many alternative products to satisfy a need from within. The principal areas of competition are in pricing, packaging, product innovation, the development of new products and flavours as well as promotional and marketing strategies. Companies can be grouped into two categories: global operations such as PepsiCo, Coca-Cola Company, Monster Beverage Corp. and Red Bull and regional operations such as Ro...
Marketing is that broad area of business activity that directs the flow of services provided by the carrier to the customer in order to satisfy customers’ needs and wants and to achieve company objectives. Marketing is more than selling: it involves a number of business activities, including forecasting, market research and analysis, product research and development, price setting, and promotion, including advertising. Marketing also involves the finance activities such as credit and collection that are associated with ticket sales. Marketing is customer oriented…Without marketing and sales, there would be no airlines. (p. 274)
By the end of 1998 though, there was evidence of a crisis occurring. Customers and media pulled together to assist senior management partake in an internal audit to identify the problems and see if they could come to a solution. The purpose of this assignment is to construct a SWOT analysis, highlighting each of the strengths, weaknesses, opportunities and threats that were highlighted in the internal audit. The SWOT analysis is contained within the marketing plan and is the third step in the marketing planning process, coming after the Marketing audit and before any assumptions. (Joisce, Ted (2002), Marketing Planning Lecture Notes – 14/10/02, Mission, Objectives, Strategy, Tactics)
The business world is becoming more and more heated up as a result of the ever increasing levels of competition. Each and every industry is witnessing an alarming rate in the number of competitors that exist within it. This is further fueled by the increasing world population, which brings about the speculations that the future of the market is rather bright. It is interesting as to how many things are nowadays done based on speculations and future expectations. In the turmoil of it all, marketing has been established as a very effective tool used by various firms to gain competitive advantage over others. As such, each organization has been able to develop its own marketing strategy based on the various things that affect the industry and the nature of business undertaken. Theories and practical research are two major items that form the basis of development of marketing strategies. Rolls-Royce is one of the many organizations that have been in big business for a long time. As such, the company has been able to identify major areas of strength and weakness when it comes to marketing.
Australia has had one of the most outstanding economies of the world in recent years - competitive, open and vibrant. The nation’s high economic performance stems from effective economic management and ongoing structural reform. Australia has a competitive and dynamic private sector and a skilled, flexible workforce. It also has a comprehensive economic policy framework in place. The economy is globally competitive and remains an attractive destination for investment. Australia has a sound, stable and modern institutional structure that provides certainty to businesses. For long time, Australia is a stable democratic country with strong growth, low inflation and low interest rate.(Ning)
2. What were the critical marketing decisions that helped Tesla stand out among other companies and become the lead innovator in its
Colgate-Palmolive has been a leader in household and personal care products. In 1991 the company planned new product launches while planning to venture into new markets (Quelch & Laidler, 2011). The company’s plan worked and now the company offers products from oral hygiene products to dish soap to dog food. This paper will discuss the company’s mission. This paper will also discuss a SWOT analysis which according to Kotler and Keller (2009) is “the overall evaluation of a business’s strengths, weaknesses, opportunities, and threats.”
The scientific principle behind how a refrigerator actually works is quite basic. The refrigerator uses the evaporation of a liquid to absorb heat. This liquid is often known as the refrigerant, and when used in the refrigerator, evaporates at a fairly low temperature. This causes the cold temperatures within.
Unilever is the world third largest consumer goods company which produces a wide range of foods, home care and personal care products. Behind the sustained development over 8...
Armstrong, G, Adam, S, Denize, S, Kotler, P, 2010, Principles of Marketing 5th Edition, Pearson Australia Group, Frenchs Forest
Too often, a marketing function is misunderstood, because many people do not understand what is meant by ‘Marketing’.
Marketing is a vital component in the success of businesses. Smaller businesses rely on business advertising, expenses, knowing if the business is networking with the right people, or joining the best organisations which lead to success (EStartup business blog, 2010). Marketing concentrates on customers and what the customers want. Customers are the source of sales and profits. Many small businesses are faced with remarkable hardships due to not developing the right marketing plan (EStartup business blog, 2010). To help these businesses a more appropriate or better marketing plan needs to be designed. Small business internet marketing services can help businesses develop and thrive in a highly competitive market. For the highest quality internet marketing services, hiring an online marketing company to design a customized internet marketing campaign may be advantageous for some businesses (EStartup business blog and contributors, 2010). Identified will be the role that marketing plays in a successful business demonstrated by use of two examples, the importance of developing a marketing plan, and ethical and legal issues that surround marketing practices (EStartup business blog, 2010).