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Marketing Plan for Sony

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Marketing Plan of Sony Company for the Next One and Three Years

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Marketing Plan of Sony Company for the Next One and Three Years
Introduction
Sony Company is a Japanese multinational corporation. Masaru Ibuka and Akio Morita are the founders of the company, in late 1945. The corporation is headquartered in Tokyo, Japan. It is among the leading electronic products manufacturers for consumer products. The company manufactures varied consumer electronics, equipment for video communications, innovative cameras and information technology equipment. It is one of the leading digital entertainment brands globally. It offers customers a range of exciting multimedia content. In the next one and …show more content…

This will help the company to deliver product and services that satisfy customers, hence increasing profitability.
Marketing Objectives * The company would develop innovative products that meet the demanding needs of customers in order to increase sales. * They will focus on reinforcing the company’s cutting-edge technologies in the targeted region for maximum resource investments. * There is a need to strengthen frontline operations including designing areas, manufacturing equipment and sales offices in order to continue performing better. * The company will continue to maintain market leadership through increasing innovative electronic products that are of a high quality. * They would design products basing on the customer perspective, thus meeting the needs of customers.
Marketing strategies
The company would employ varied marketing strategies that they will use for the next one and three years. One of them is the pricing strategy, which is one of the essential marketing elements. Bearden, Netemeyer and Haws, (2011, p.63) point out that pricing strategy is one of the vital element of competing with competitors favorably. This is through setting the prices of products differently in order to differentiate the price from that of the competitors. Many companies use pricing strategy in setting the price above or below the equilibrium level in the market. For instance, the

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