Module Title: Marketing Management
Assignment Title: Consultant report on the Marketing Strategy
Selected Organization: Dhiraagu Maldives
Submitted By: Name
Student ID: 00000
Batch #:0000
Table of contents
1.0 Executive Summary????????????????????????????.3
2.0 Introduction of Dhiraagu??????????????????????????.3
2.1 Dhiraagu Vision?????????????????????????????..4
2.2 Dhiraagu Mission?????????????????????????????4
2.3 Products of Dhiraagu???????????????????????????..4
Task 1 Introduction to the report ????????????????????????.5
Task 2 Market segmentation/ Market targeting and Competitive positioning ???????6
Task 3 Market segmentation/ Customer buying behavior ??????????????...9
Task 4 How measures to meet changes in buying
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This report also provides a description of the competitive strategy and a brief introduction of Dhiraagu, their competitor?s analysis and industry analysis in the light of porter?s model. Report includes the different strategies of Dhiraagu for marketing, segmentation and targeting the customers in different markets.
First part of this report will discuss about the background of Dhiraagu and its industry. Second part will give the main target market of this business enterprise. Third section will explain Market segmentation, targeting and positioning, competitive advantage of Dhiraagu with the reasons why target market will buy from them instead of competitors. This will be followed by discussion of the external forces affecting the business entity. The report will be ended with recommendations for the development with their outcomes.
RESEARCH UNDERTAKEN & LITERATURE REVIEW (DHIRAAGU)
Dhiraagu is the leading telecom provider in the Maldives. They envisions to ?Enrich lives through digital services and their mission is to lead the market through excellence in quality, value and customer service? (Dhiraagu,
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Price is a very important component of the marketing mix. It is also a very important component of a marketing plan as it determines your firm?s profit and survival. Adjusting the price of the product has a big impact on the entire marketing strategy as well as greatly affecting the sales and demand of the product. For example, the prices of Dhiraagu products can?t be more than the Ooredoo prices because Maldives is a very small but price sensitive place where you can?t compete in the market unless you have the better quality of goods and services and reasonable
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This is an individual assignment as a single report in two parts. Candidates are encouraged
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As an extremely important decision for a company, pricing is the only element of the marketing mix that generates revenue. The positioning of a product in the market is dependent on its pricing since customers tend to greatly resist attempts to change price once it has been set up. As compared to other elements in the marketing mix, price is the variable with which a competitive response can be quickly implemented. On the contrary, distribution basically involves the process of getting the product from the manufacturer to the intended consumer.
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Price interacts with all other elements of the marketing mix to determine the effectiveness of each and of the whole. The objectives that guide pricing strategy should be a subset of the objectives that guide overall marketing strategy. Thus, it is probably wrong to view price as an independent element of marketing strategy or to assert that price, by itself, is a central element in the marketing mix.” (Webster, 1979)
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