preview

Sigma Marketing Case Study Essay examples

Decent Essays

Marketing Strategy: Sigma Marketing Case Study

Sigma Marketing has been ahead its time from the marketing aspect for decades. Although the company will have to adjust to the external environment in order to have continued success. The case study did not seem to mention competition but the company has a niche which limits the competition they will face. Finding an unfilled need is the key to reducing or eliminating competition. Therefore, I do not foresee competitors creating a major problem for Sigma as they are the founders for what they do and continue to raise the bar in order to stay relevant.
According to the text, technology advancements refer to the way accomplish tasks or the processes we use to create the “things” …show more content…

SWOT for Sigma Marketing Potential Internal StrengthsRespected companySuperior managementBetter marketing skillsAlliances with other firmsGood distribution skillsCommitted employeesWell trained employeesGrowing product line | Potential External OpportunitiesChanging customer needsNew technologyClient’s growth | Potential Internal WeaknessesProduct lineLoss of visionary Aging workforce | Potential External ThreatsChanging customer needsRival firms developing new strategiesEconomic downturnNew technology |

The most important strategic initiatives for Sigma are personnel strategies, succession plans and sustainability. Making sure that Sigma personnel continues to be well educated and skilled will help to determine whether the company continues to grow or starts to decline in the long term. Succession of leadership goes along with the strength of the personnel. Once Mike retires, there will need to be a smooth transition of leadership. This transition will affect the entire company from the vision to client relations. If done properly there will only be minimal adjustments and continued growth of the company. Otherwise this transition can be the company’s downfall. Sustainability is another vital issue. With many companies going green trying to reduce their carbon footprint, Sigma must continue to find ways to reduce theirs also. Companies with these environmental

Get Access