d) Anticipated effect of the marketing opportunity on sales, profitability, growth and market share as identified in Part 1
Marketing opportunities Anticipated effect on sales, profitability, growth and market share
Marketing opportunity 1: Using agents • This will help to increase the profit because of the using agents promote the company’s products and services while travelling in the world will give the more sales. Not only that our product will be popular in world therefore more other companies would like to joint with Oliving company to get the products in high price.
Marketing opportunity 2: Licensing • Sales will be high because the company has the licensing and it will help to trust products and services which they provided. Last year the sales were $1.5 million of the whole sales.
• Profits will reach the company in positive and it was 6.8% of the last years.
• The company growth has been increased because their renew their licensing in every two years..
Marketing opportunity 3: online business opportunities • Online business will give the company positive sales because they have more consumers connection via the internet.
• Profits of the company have been increased because of the more shopping via the online.
• The growth of the Oliving company has improved in last year because they have more online business opportunity to compare with previous year.
e) Additional resources that will be required including finances, staff, equipment, etc?
Marketing opportunity 1:
Research and development – totaled $98,280.00 in year 7, and in years 7 to 8 decreased -16.3% or $15,996.00. This is weakness in sales and performance, but a smart decision because of the cut in R&D saved -16.3% or $15,996.00 that would have been looked at as profit. They were able to use the previous year’s investment on R&D.
This business report aims to show how important a marketing plan is, demonstrate the key elements of a successful marketing plan and how a marketing plan helps a company to sell its products and service. This Marketing plan will use the company Aldi as a case study, (the supermarket chain) to demonstrate how a marketing plan works. Aldi is a major supermarket chain that provides highly competitive retail food products to households. As a retail company they face all the marketing problems that other retail company faces (product range, price and marketing segmentation).
The income over the last three years has been fluctuating.. This tells us the company has an initial growth period. Sales also drop between years 7 and 8 and the gross profit margin decreased as well. This may be due to operating expenses. This leads to the prospect of stable future sales. The stakeholders are continuing to back the company and the company does predict sales will remain stable. The modest increase in sales does not show enough to recover without making adjustments to free capital.
Technology and Information Systems- the Company will continue to expand its e-commerce business in the future. Its e-commerce sales today gross over one billion. Its plan is to focus on continued profitability with online sales. Part of the plan included a full assessment of the online business to analyze the main areas of functionality and online improvements. It will also continue its Omni channel capabilities, which includes shipping to store and in-store pickup exclusively during the holidays. Due to the rapid growth of mobility, over 50% of its e-commerce sales
Looking back at the statement of financial positon for 2013, 2014 and 2015 shows increases each year in the revenue. Investments over this period have increased by 2 million. Equipment and improvement expenses have gone down. In 2013 the expense was over 300k. 2014 and 2015 were much smaller around 10k. 2016 jumped up to just over 200k. This shows that attention is being paid to improving the office and equipment and staying up to date with technology.
Net earnings increased from year 6 to year 7. There was a 313.40% increase in net earnings; this is a clear strength for the company in these astounding earnings as an indicator that the company was very profitable during this period. This data shows the company improved its bottom line and expenses did not exceed income. However, for years 7 and 8 the change in net earnings was reported at -81.6% with a decrease change of $218,392.
DABC is one of the biggest clothes manufacturing located in Melbourne, Australia. The first DABC clothes store was established in 1990 in Collingwood under the name AB Clothes with only 4 staffs. After almost 30 years operating, DABC has become one of the fastest growing Australian brands with now over 80 stores throughout Australia and 3 flagship stores located in 3 Melbourne largest shopping centers. DABC has provided the outfit solutions and is famous with its sharp tailoring, top quality, high competitive model and shiny accessories. It is one of the most searched fashion stores for metropolitan men and women.
This illustrates that the company's money has been increasing but not much as earning money
During this time, sales increased from: $7.11 billion in 2010 to $7.99 billion in 2012. Earnings improved from $2.84 to $3.57. While the total amount of dividends rose from $1.00 to $1.72. These figures are showing how the company has been continually increasing sales, earnings and dividends over the last three years. In the future, the management predicts that their current strategy will increase returns. As, executives believe that their focus on building the brand and accounting for costs will lead to net earnings of $5.20 to $7.19 annually by
When looking to add a new product to the market, traditionally five steps occur in marketing research and lead to marketing actions. Of these five steps, step number three covers the collection of marketing data. Marketing data can be collected through either primary research or secondary research. The goal of this assignment is to describe both primary and secondary research, provide examples of each and determine how the author’s organization could benefit from each. The author will begin with a description of primary marketing research.
Marketing is an essentially about marshalling the resources of the organization so that they can meet the changing needs of the customers on whom the organization depends. As a verb, marketing is all about how an organization addresses its markets. Marketing is “The management process which identifies, anticipates and supplies the customer requirements efficiently and profitability”.
Marketing is selling the product goods and service by knowing the needs and wants of the customer and consumer (Kotler P, 2009). Marketing Management expertise has capable of knowing the change of an organisation to manage both the internal and external challenges of environment (Cant M C, et al, 2009). A company needs to classify the customer needs and identifies the demand of the supplying
The company has made tremendous progress in the last eight years (Refer to Company Background, Appendix 1, Page ) with regards to achieving a competitive position as well as increasing its market share, but need has