Matthew Ferguson BUSI 400 June 15, 2015 After reading 20 of the latest press releases from PepsiCo, that Pepsi is actually pursuing is product development, market development, and finally forward integration. Pepsi focuses on performing near and long term investments, having future plans on making global investments. The first strategy that Pepsi is pursing is product development, a strategy used by a company to increase sales by modifying or upgrading a product. This entails a lot of research and development expenditures and a main reason being to be major competitors offering better quality products (David & David, 2015, p 138).
As in the 1950’s, new products such as dishwashers and washer and dryers were mass produced and this caused wives to pressure husbands to buy the fancy new items. And this push was not limited to just buying items, as it extended into the push for new innovation and technologies. The hunger for new items and the need for new ones propelled 50’s consumerism even further. However the 20’s consumerism was different. Rather than developments in individual items propelled consumerism, 50’s consumerism was driven by mass changes in industry.
Most of the household appliances produced by LG come with innovative technologies, and a high performance. They are not as big as the ones produced by Maytag, and therefore they are more recommended for couples without children. LG is also well known for the fact that the units have an elegant and attractive design, which go with any interior. Some of the machines are very popular because they are compact and can be easily placed even in tiny kitchens. Manufacturers thought about this aspect, and they came with some wonderful compact models, yet efficient, in order to satisfy all consumers.
CASE STUDY: You are the marketing manager for a chain of home-ware stores in Brisbane called Houzit. The marketing plan for the 15 Houzit stores was developed over 12 months ago and you are actively engaged in implementing the strategies to achieve the marketing objectives. Specifically, you are instigating those marketing activities that meet the marketing objectives of a 12% market share (up from 11%) and an increase in sales by 8.5% over last year’s result. No expansion stores are planned during this phase of consolidation and on average the stores achieved $24,680 per week for the year.
Name - Mayank Saxena Case write up: Louis Vuitton Executive Summary Louis Vuitton’s (LV) major source of revenue was Fashion and leather goods which was 35% as compared to other products and 20% of this revenue came from Japan, undoubtedly a strong hold in the Japanese markets, with that being said, there are a lot many opportunities for LV to exploit in terms of new and emerging markets like China and India, which have a lot of untapped potential. They can expand their market segment by targeting the middle class and upper middle class bracket, and diversify their target audience i.e. women by introducing clothing for men and children. The key to deal with the current situation of LV would be to reduce dependency on Japanese markets and
Zac Andrus MGB 516 Feb. 27, 2018 Case Analysis Silvio Napoli at Schindler India Key Issues Below are a few of the main key issues that Silvio Napoli faced when starting at Schindler India. These issues are looked at in more depth in the following analysis section, showcasing why they may have surfaced and what they mean for Napoli in his current environment. 1. Market entry to India was based on a standardized elevator that didn’t meet customer needs (no customization options, cost-reduction was the top objective, and rapid urbanization in India was leading to higher quality technology expectations). 2.
In this fast-paced industry, Samsung Electronics Company (SEC) has done a remarkable job in turning the company around and reaching a top-of-mind brand awareness over the past few years. The Samsung brand identity and values were poorly regarded up until the early 90s. The brand was positioned as a low-end electronics company that was mainly manufacturing consumer televisions and VCRs. Samsung was not able to compete with the industry’s leaders (i.e. Sony) in the global market. A positive change was needed to reinvent the company’s culture and brand position at that time.
The largest contributor to the problems plaguing the Eastman Kodak Company is its failure to predict, innovate, and establish market share in the imaging industry’s change to the digital sector. The success experienced by Kodak in the last 100 years was a direct result of their ability to adopt disruptive technology with regards to film sales and development to stay one step ahead of its competitors. Their refusal to do the same at the start of the digital age slashed any chance of major success down the road for the company. Table A1. SWOT Analysis.
Samsung implements the strategy of “ Red Ocean;” which shows that a firm gains competitive advantage by venture into the current market and constructing on the weaknesses of other competitors in the field of similar products. Thus, Samsung“floods the market with many products” which are made by other companies within short duration of time ( Travos,2002). It seems that Samsung made these new products through developing many of manufacturing products of its Smartphones. However, such attitude is considered to be as a massive cost advantage over other firms that make such product. Samsung has improved its “competition position internationally through developing its present competitive strategies” , through depending on the other manufacturers`
This essay will start with a brief description of Siemens, an introduction of its current mission statement and an evaluation of the key strategic issues/objectives which Siemens faced and are facing. The next part, two appropriate tools of analysis, PESTEL analysis of the external environment the organization faces, and Porter 's 5-Forces analysis of the competitive environment in which Siemens operates; a summary of its key strategic resources and competencies, and any resources that it lacks will follow these tow analysis. At last, SWOT analysis will be applied to describe and evaluate the strategic options for Siemens. Siemens is Europe 's largest engineering conglomerate.
OB Team Project Team 5 HOW LG ELECTRONICS – R&D DEPARTMENT COPE WITH CHANGES IN VIETNAM SMARTPHONE MARKET I. General Information about LG In 1958, LG Electronics was founded as GoldStar. LG Electronics produced South Korea 's first radios, TVs, refrigerators, washing machines, and air conditioners. Gold Star was one of the LG groups with a brethren company, Lak-Hui (pronounced "Lucky") Chemical Industrial Corp. which is now LG Chem and LG Households.
Porters Five Forces Analysis: Samsung Electronics Introduction Samsung Electronics focuses in three specific areas; Consumer Electronics, IT & Mobile Communications and Device Solution. Porter’s Five Forces model has been used to analyse Samsung Electronics competitive position within the global market they operate in. By using this model, an evaluation of their current position will highlight which of the five forces are “affecting the intensity of competition in an industry and its profitability level” (Jurevicius, 2013). Nevertheless, when conducting analysis on an international company such as this, studying of market trends is already carried out thoroughly to ensure that they are fully aware of that market, in order to achieve success and maintain within it. With this in mind, it would be considered that Samsung Electronics would have a relatively good competitive advantage against other rival companies.
Market size and forecast by value and volume Built-in appliances have a huge growth in India. Rising population, purchasing power and increasing expenditure on promotional programs and by companies in order to aware customers has led to the growth of the built-in appliance segment in India. High-end consumers are seeking more lifestyle-based home products today. Whirlpool’s
Main targets are a family living in a house and also those people who lives in an apartment that have too very little space to fit the stove countertop. We are targeting modern, age between 25 – 45 years old who live in the city and urban area first but in the same time will try to expand the market to traditional family. C) Marketing Goals To be second biggest brand in the market during the first three years by acquire about 30 percent of marker share for microwave oven. Later on enter the market with other home appliances product such as small grill/ toaster oven, or etc., and to become one of the household name for home appliances in India.
1.2. International expansion Samsung Electronics started as one of the biggest suppliers of international high-tech companies producing chip, battery and memory. After a few years of experience, they extended their activities for the public market by producing TV, screens, micro-waves and so on. Samsung takes advantage of their