Successful companies study their competitors as closely as they do their customers. Analyzing and evaluating competition helps management decide where to compete and how to position against the competition in each market margin. The changing patterns of global competition require continuous analysis of competing forces. Business and marketing strategies need to take advantage of opportunities and to avoid threats. Market leaders and competitors cannot fulfill their executive role unless customer’s needs and desires are understood and satisfied.
Strategic marketing is creating a plan to better reach and satisfy customer while increasing profitability and productivity. Competition strategy is an important strategic planning process to
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Econet’s main product is buddie which is a prepaid package which was build with a strategic intent from the beginning. Buddie has about twelve exciting value added services. Whilst Netone’s product Easycall has only six value added services.
Pricing of mobile service is based on cost plus and one minute charges is 24c on billing second as approved the POTRAZ. However the cost mobile service is high in Zimbabwe as compared to regional prices.
Porter’s generic strategy analysis differentiate strategy attempts to achieve a competitive advantage by creating services that are perceived as unique. Econet has a big market share of 70% due to its better services and good network coverage. The major differentiator to Netone is Econet’s ability to provide a number of the value added services such as ecocash, econetmail, among others. Econet has a brand image in the mind of public due to their willingness to provide best services. Netone is failing to invent new product features to compete with econet.
Low cost leadership strategy, Econet is providing low cost services in value added services under buddie for example txt service allows buddies to chat on the internet, even if the subscribers also not have an internet connection or smart phone which Netone easy call supplementary value added services are all accessible on smart phones. Econet is also selling its buddie lines
When Quiksilver announced the start of its women line Roxy in 1990, they defined the brand as a “fun, bold, athletic, daring and classy” brand for young women. Market segmentation is a crucial marketing strategy and Roxy utilizes the four bases that are commonly used for segmenting consumer markets including geographic, demographic, psychographic, and benefits sought segmentation. The geographic segmentation is ideally unlimited for the Roxy target market because the brand offers clothes for both warm and cold weather, however, it focuses mainly on the “beach lifestyle” and is generally more popular in beach towns. The demographic segmentation of the Roxy brand, is aimed to attract young women between the
The nature of the market structure and demand of Cisco Systems is its business market which contains fewer but larger companies. For Cisco Systems, this implies that even though they have fewer clients than other companies, they still have a good and profitable relationship with their clients. For the customers of Cisco Systems, this implies that they will receive better and faster service and products because they don’t have to compete for the attention and service of Cisco Systems.
Telecoms Business Unit comprises of fixed line and broadband services (AOL, TalkTalk, Opal) as well as mobile business, which includes virtual networks (MVNO) such as Fresh and others and the German service provision, The Phone House. The common factor for the numerous subsidiaries is the ‘service provision’ in mobile, fixed-line and broadband markets.
Strategic marketing planning is the process that the operational and managerial staff of a company goes through to create and implement effective marketing strategies. Strategic marketing planning takes several aspects of company marketing and promotion into consideration.
No other products were found that satisfy the technical requirements of MMRT located in SMXS lab. abaco SYSTEMS sells direct to the government and through resellers. The OEM confirmed that it is willing to offer this requirement through the NETCENTS-2 product vendors (see attached correspondence).The recommended acquisition strategy is to utilize the NETCENTS-2 IDIQ contract, which would take advantage of the terms and benefits of the pre-established IDIQ. The NETCENTS-2 netcentric product vendors include multiple small business sources. This effort does not qualify for a set-aside because the brand name requirement excludes the products of different domestic concerns. To maximize competition, the government will solicit offers from all NETCENTS-2 Netcentric vendors using the AFWay web site. The NAICS for the NetCentric Products contract is 334210.
Charter Spectrum suite is an all new set of superior services that deliver fast speed. Internet, TV and home phone need an improved quality of services that will be the same everywhere in the United States. They have introduced digital network to develop an internet speed up to 100 Mbps. They are dedicated to their customer in providing their utmost service. One can easily get Charter Bundle with just a phone call. And it’s also well within one’s affordability. As a result customer demand of this product is increasing rapidly. Now they have 6 million customers at 25 different states with approximately 23,000 employees.
Constantly having a comprehensive awareness of available competitors enables a company to continue to be highly competitive. A competitive analysis is a critical part of a company’s marketing plan. In this step competitors are placed in strategic groups according to how they directly compete for a share of the customer’s dollar.
Have you ever purchased any product on the Internet, used the Internet to collect information or data, or played computer games on the Internet? You must agree that it is fast, easy, and enjoyable. The Internet has been a part of our daily life for several years now. In addition, in the business world, a new business model, E-business and E-commerce, has appeared for several years. According to Ali, there are two main types of E-commerce: B2B and B2C (2000). One is business to business (B2B). This means that enterprises use the Internet to transact or trade between business operations and their partners. Another is business to consumer (B2C). In other words, enterprises provide products, support good, and services to the customers on the
Marketing strategies and the resources-A marketing strategy is the foundation of a marketing plan; it integrates an organisation’s marketing objectives, goals, policies and actions.BBQfun’s 3 types of marketing strategies-
The name of the business will be A1 Accounting Services. The ideal location is Los Angeles, California. The business will be focused on creating customizable accounting solutions for addressing the needs of individual clients and large organizations. This means that there will be a concentration on a number of areas to include: providing tax advice / estate planning, insurance and creating programs that can deal with specific challenges impacting customers. ("How to Start an Accounting Firm," 2012)
In today 's marketplace you need a strategy that insures a consistent approach to offering your product or service in a way that stands out from the competition. Branding, pricing, and distribution are all important parts of a strategic marketing plan.
(1) VoIP represents a great opportunity for telecom service providers to develop flexible and responsive offerings. These services can be developed as premium services by fully using the strengths of the Internet or internal intranets. These services can also be developed to use efficiencies that the Internet and intranets offer that traditional networks and network providers do not. However, it is not all too easy. While current and potential telecom service providers can build imaginative offerings and business plans; they must still have keep mind the competitive environment surrounding the VoIP market. Skype’s VoIP industry has a few competitors such as Comcast
“Competitive strategy involves positioning a business to maximize the value of the capabilities that distinguish it from its competitor’s” (Porter 1980:47). A successful business plan requires first and foremost the formation of an appropriate strategy. Through the implementation of a suitable strategy, the company is able to obtain its own industry niche and gain an understanding of its customers (Porter 1985). Whichever strategy is adopted it must be adequately integrated within the firms goals and missions to achieve a competitive advantage (Parker and Helms 1992).
Figure 1: Michael Porter’s Three generic strategies (Source: Porter (1985) cited in Johnson et al, 2011)
In general terms, marketing is all related to the places of buying and selling of goods and services to satisfy customers’ needs. Nowadays marketing is the most important issues for success of every business marketing is the activity, set of institution, and process for creating, communicating, delivering, and