Strategy and Positioning Analysis Part 2 During the last few decades, wireless usage has become essential. The world has become mobile and having instant access to information is in high demand. As a consequence, communication among wireless devices requires higher coverage and flexibility (Frattasi 2010). Another consequence is the new market mobile technology has created, a market where new smartphones are released every year. The list of smartphones that fail in the market is long. In October 2015, fifty-nine smartphones were released to the market out of those fifty-nine phones only two companies dominated the market Apple and Samsung. Hotfi counts with high coverage and flexibility, and being an Apple product counts with the brand …show more content…
Each stage in the lifecycle of our service product will undergo different changes. Adapting to those changes is derived from a planning strategy for expected and unexpected variables.
The introduction stage of the life cycle will have few competitors that will gain awareness of our new product/service. Marketing mix factors of this stage include: o Product-One Product/Service-Hotfi needs to be distinguished or recognized by consumers as part of the Apple family. To do this, we will play on the brand name aspect. The Apple Hotfi will be branded as HOTFi. This will be the first in a new line of products for the Apple brand with the "i" at the end of the name instead of the front. This will convey differentiation and brand quality. o Price-The introduction price is set low because we are using penetration pricing. Penetration pricing will discourage competitive entry. o Promotion-Our promotional strategy in this stage is to inform or educate consumers about the benefits of purchasing HOTFi. Our positioning statement will be used in this stage. “Our liv anywhere and be connected Hotfi integrated smartphone case with up to 7 mile 15mbps connectivity is so unique, only Apple can provide it at a cost that anyone can afford.” Our goal as mentioned by Kerin, (2014) is to promote the “availability, location, consistent quality, and efficient” service “and to provide a physical representation of the service or a service encounter.” (Kerin, 01/2014, p. 312)
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Before we can talk about the Strategy Hudson Bay uses we must first answer the the question of what a Corporate and Business Strategy is and how The Bay inaugurates this into their company;
The key for the marketer is to determine which stage is the most critical for his/her product.
The organization strategic plan consists of addressing clinical quality, growth, and becoming a larger part of the community, and providing long term value. The annual report states the following strategic goals (Bon Secours, 2012):
Brand positioning is essential to the success of any firm because it delivers a perception into the consumer’s minds which differentiates them from their competitors. Microsoft began to grow their brand over 20 years ago with Bill Gate’s an underlying vision of “a computer on every desk and in every home”. This resulted in Microsoft developing into a huge multinational company with personal computing at the forefront of their business. Microsoft dominated this industry for many years which is reflected in the high brand recognition of Microsoft products worldwide.
The main purpose of this stage is to persuade customers to buy the product and retain the customers throughout the product life cycle. The growth stage is typically when competition develops. Competition can erode the company 's market share. Marketing efforts in the growth stage tend to focus on product differentiation and expanded distribution (Kerin, Berkowitz, Hartley & Rudelius, 2006).
Will implement price penetration to gain the market share. Price penetration is where a business sets the price low with the goals of attracting customers and gaining market share. The price is raised once the market share is gained.
The products that people buy are promoted to bring in new consumers. Promotion requires an organization to have a lot of time. Also a promotion should be clear and t o the point.
First of all, penetration pricing is the major determinant of the price and that is employed when the product managers have to give most of the value to the customers and keeps a small margin. Chatime decided use penetration pricing where set a lower price of milk tea than the eventual market price to attract
Maturing service menus, cost models, project intake and resource acquisition policies and processes from planning to operations to ensure a common and desirable customer experience, regardless of Portfolio or Program
In the most recent market analysis from the NPD Group, iOS has assumed control of 43 percent of smartphone sales. The analysis further shows the market for basic phones has dwindled and that the cell phone market is fast becoming a smartphone market. The demand for anything other than smartphones is evaporating. This push toward high-end smartphones is helping not only Apple, but also Google and Samsung, which are benefiting from the desire of consumers to carry these all-powerful ‘mini’ computers in their pockets. With the connectivity these smartphones present, users are never left ‘out of
Over the last decade, electronic-based companies such as Samsung and Apple have collaborated with cellular-phone carriers, and have studied the average consumer to find endless ways to improve the cellular phone. As a result, the smart phone was born. With their ability to provide users with instant access to communication, entertainment, Internet access, calendar, news, social media, and much more, the smart phone revolutionized and shifted the path of modern technology. In 2006, Apple began this revolution with their release of the iPhone. Being the first proper smart phone, many other companies attempted to mimic the unbeatable features and technology that Apple had included with the iPhone.
Deutsche Post World Net has a unique spectrum of international services including brands DHL, Deutsche Post and Postbank with different types of services. Thus, we have decided to focus on DHL in this analysis in order to better understand to strategic position within logistic services.
customers there is a constant need to reinvent the products and services which are being offered.