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Importance of branding in marketing
Importance of branding in marketing
Importance of branding to an organisation
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Executive summary Today, no one can live without his mobile phone. But what if you are in an important meeting and your phone is dead? They both sell the new emerging trend of the recent year: the portable phone charger. With this new development, everyone will always stay in touch with each other and no socket is needed. Motorola is already known in this market, but now Incharge has also settled down recently. However Incharge sells these chargers customized by giving the opportunity to print an image on it. Distinguishes this company enough of the other competition? And will consumers buy the lower priced version? In this report is discussed how that is going so far. Comparisons of their finances are made, but we will see what the strengths and weaknesses are and what their impact is on the company. This analyse report is written for not only the shareholders, but also the employees of Incharge to inform about the competition out there on the market. Table of content INTRODUCTION 4 THE IMPORTANT COMPETITORS 5 THE EXACT MOTIVATION 5 THE CORPORATE HISTORY 6 THE AIMS AND OBJECTIVES 6 CORPORATE STRUCTURE AND CULTURE 7 TARGET GROUP AND MARKET PLACE 7 THE MARKETING MIX 8 THE WEBSITE DESIGN 9 MOTOROLA’S STRENGTHS AND WEAKNESSES 10 INCHARGE STRENGTHS AND WEAKNESSES 11 RECOMMENDATIONS 11 REFERENCES 12 Introduction The advent of the portable phone charger becomes more and more popular these days. This report is written for those who are interest in how an already successful business operates on the market and how a new company enters the market. This competitor’s analysis will enable a comparison between Motorola and Incharge. The backgrounds are discussed, followed by who the tar... ... middle of paper ... ... you. If the consumers are not interested in our product, the sales decline. And since we do not own a store, it is difficult to sell. Consumers have no convenient collection point. Strengths Weaknesses Corporate structure is good A lot of competition Added value: printing possibility DOAs and misprinted chargers Provide a reputation Do not own a store Specified in one product One product; no interest, no sales Recommendations Incharge should test all chargers before a customer receives them. Also they have to make more clear agreements about the collection point. It is also recommended, to make an arrangement with the printing company about how misprinted charger are handled. For the broken chargers is suggested to find another supplier. Further, it is advised to stop at en certain time. At one point the sales will fall and will run Incharge loss.
...s are doing well and over the many years have gone up. The company has not lawsuits currently pending which is good. The company as a whole seems to be growing even when the market is down.
I will talk about functional areas of M&S and KFH. through Comparison and contrast of how they contribute and operate their functions, as will as the structures, also my task is, to evaluate the benefit and disadvantages of their functions, finally, try to explain my opinion about how well the two companies run there business.
On August 15, Google declared its intentions on procuring Motorola Mobility (MMI), centered in Libertyville, Illinois, for $40 per share or a collective sum of about $12.5 billion. The business deal gave a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was approved unanimously by the boards of directors of both companies.
The purpose of this report is to analyze Target Corporation’s financial statements, determine the future growth potential of the company, and make a recommendation for or against the acquisition of the company.
Mobile is the first order priority device for access because people are connecting with others, finding entertainment, and doing business—all with smart phones. The prices of mobile phones are never over $1,000 in today’s world. They are affordable and accessible. As the result of the changes the worldwide and national business environment has undergone, people own 1-2 cell phones on average. However, the mobile markets in US seems to have been saturated.
Team B's assignment this week was to select two different publicly traded companies in the same industry. The two companies will serve as the basis for subsequent team assignments. The two companies chosen for study are Wal-Mart and Target. This paper will provide an overview of each of the selected companies.
In terms of financial performance both companies have performed well. This brief review will focus on the financial performance such as profitability, solvency and liquidity.
Motorola continues to pursue mergers, acquisitions and alliances in an effort to grow and continue to be profitable and be a global leader in the industry. Some of the major mobile devices products for Motorola are mobile phones, accessories, Bluetooth devices, IDEN technology, portable energy systems and two-way radios. Major products for Motorolaaê¡?s government and enterprise mobility solutions are biometrics, integrated information management, computer-aided dispatch systems and records management systems. Other major products are Motorolaaê¡?s networks and home networking solutions. Motorola has three business units which are mobile devices, network and enterprise, and connected home solutions.
Jim Collins and his research team have done a wonderful job identifying what it takes for a company to go from good to great. I found this book to be extremely interesting and would like to share several of my thoughts.
"Our actions are centred on improved cash flow and profitability -- and at the same time strengthening our strategic core"- Paul Allaire- CEO(24/10/00)
This form of company relies heavily on accurate communication which has so far in this case proven effective. Who knows where the future will take this organization, but it seems to always be one step ahead of change.
Cell phone manufacturers and service providers are at the core of the cell phone industry. These corporations are integral from their research and development endeavors to interactions with the consumer and the marketing of new products. The companies that control such factors of cellular phones are very numerous, so it is difficult to address all the cell phone manufacturers and service providers. However, we have focused largely on only the most significant cellular companies namely in the U.S. marketplace, although many have global ties. Collectively, companies around the world have the same goals in mind – to create desirable cutting-edge technology and to increase consumer satisfaction with hopes of generating sales, and thus profits.
Under the circumstance that the mobile phone industry entered the 3rd generation, Nokia faced competition from both macro level and industry level. For the macro level, the government encouraged competition among the operators and handset manufacturers by giving digital licenses to new entrants. As a result, the mobile phones became more sophisticated, for example, the cameras and the games in the mobile phone. For the industry level, which can be analyzed by the Porter’s Five Forces, (lecture )Nokia was facing threat of new entrants, competitive rivalry and the bargaining power of buyers is increasing as well. As the government encourage completion between the handset manufacturers, there are several new entrants from different countries enter this industry, such as Apple from USA, Samsung from Korea. These new entrants compete with Nokia in both smartphone segment and basic phone segment. Some of them even constructed “ecosystems”, which they could integrate the services and applications quickly, in order to produce the phone in just two days. For the bargaining power of buyers’ aspect, they do not need to rely on the only operating system Symbian. They can choose Windows mobile launched by Microsoft, Android launched by Google and Ios launched by Apple, in addition, basically all of them are better than Symbian (Amiya, 2010). The buyers could choose any
"While practically everybody today is a potential mobile phone customer, everybody is simultaneously different in terms of usage, needs, lifestyles, and individual preferences," explains Nokia's Media Relations Manager, Keith Nowak. Understanding those differences requires that Nokia conduct ongoing research among different consumer groups throughout the world. The approach is reflected in the company's business strategy:
"The Evolution of Cell Phone Design Between 1983-2009." Webdesigner Depot RSS. N.p., n.d. Web. 23 Oct. 2013.