INTERNATIONAL MARKETING INDIVIDUAL ASSIGNMENT
VIPP
Vipp is a Danish company producing high-end and high quality products, from dust bins and toilet brushes to whole kitchen sets.
The Vipp story begins with Holger Nielsen's metal factory, where in the 1940's he created their most iconic product, which is now famous all around the globe: the Vipp pedal bin. He created it for his wife's hairdresser's salon, who needed a functional and sturdy bin. Later, dentist's offices and clinics adopted this pedal bin on account of its design and practicality. However, the conmpany Vipp was established after Holger's death in 1992, when his daughter Jette Egelund with her two childern Kasper and decided to start selling the bins not only to
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However, the main question is how to reach those hotels? Since hotels refurbish their hotel rooms very often (their motto being that thair rooms must never fall out of fashion). Holger Nielsen's statement overlaps with the ones of the hotels: ''Good design never goes out of fashion,'' which means, that the Vipp products could be used for years, only replacing their old models with latest designs and colours.
By trying to penetrate the upscale hotel industry, the company strategy could reach back to basics, since Holger Nielsen only sold the products to professional businesses. This would not mean that Vipp would stop selling to individuals; quite the opposite, they would be able to take advantage of the upper class demographic that usually enjoys such service providers, to promote their products, so it is entirely possible that great numbers of potential customers would come into contact with the product; and even better so, by using it. It is a known practice that people, who like the furniture they see in their hotels, then wish to redesign their apartment in a similar matter, so they buy the same products for their household. The guests of hotel chains are usually highly international, so by introducing Vipp product line to the hotels all around the world, the brand would greatly benefit from the consequent product internationalization;
A firm 's international marketing program must generally be modified and adapted to foreign markets. This international marketing program uses strategies to accomplish its marketing goals. Within each foreign nation, the firm is likely to find a combination of marketing environment and target markets that are different from those of its own home country and other foreign countries. It is important that in international marketing, product, pricing, distribution and promotional strategies be adapted accordingly. In order for an international firm to function properly, cultural, social, economic, and legal forces within the country must be clearly understood.
Strength: Cover the consumer market for homeware and hardware product to make a full range offer to clients.
2. Your Assessor may want to discuss written answers with you to get further evidence of your understanding and to check that it is your original work
After reading the "Direct Mail" article posted in our course, discuss three things you learned related to online giving trends of donors from different generations.
Gambit Sports Outreach Program is designed to reach the children and the residents of Haiti. Gambits purpose is to develop a nonprofit sports soccer facility that focuses on educating the whole person through education, nutrition and sports. Children are in important part of our future and Gambit wants to be able to help Haiti and the children build up confidence in the people as well as a positive change. Haiti is a place that is known for soccer and Gambit wants the chance to build up Haiti and the people that live there.
General guidance and information on the university experience for all students can be found in the Student Handbook, which is available online via
In order to provide effective anti-virus protection VMTEC Sys must think globally. With cyber crime on the rise, no country should be overlooked as the next viable source of a computer virus (Muncaster, 2009). Because China has the most economic opportunities and presents the greatest threat to the personal and small business computer VMTECH Sys has identified a strategic need to establish a research and development division to be physically located in China. This research paper will analyze and review the economic opportunities and threats that VMTECH R&D can expect to encounter as well as other market conditions which will affect the operations of a division located within China.
However, the higher number of properties managed by the corporate branded hotels could have provided a larger base and more similar-styled options for multi-property stays by guests compared to the lower base of those in the individually branded categories like Rosewood. The distinct personalities of each Rosewood property may ironically limit multi-property stays due to each property’s own merits. Thus, Rosewood’s data of 5% guests who had stayed in more than one of its properties may not necessarily be an inferior indicator in relation to that of Four Seasons’ 9% rate.
Within the luxury tier, many of the players do not actually own the hotels themselves, but instead manage the operation of the business, similar to that of FSH. In the luxury segment, competition for acquiring new management agreements becomes very high as hotel owners make their choices based on the quality and value of a company's management service and most importantly, its brand name. Moreover, guests who choose to stay in luxury hotels are commonly not very price sensitive, and thus it is essential that a hotel distinguish itself amongst its competition by providing value added services as well as maintaining an untarnished, reputable brand name and image.
The Colopast Company was founded in 1954, when Nurse Elise Sorensen’s sister had an ostomy operation. That’s why the idea come up in mind to create ostomy bag and with this bag they could change people’s live who had this operation and give them a little light to live full live again. Elise started to collaborate with Danish manufacturers and after three years, in 1957, Coloplast was born. Coloplast is a Danish company, they have headquarter in Humlebæk and they are representing itself on the most important markets. The company has 8000 employees all around the world, in more than 50 countries with a production in Denmark, USA, China, Hungary and France. Their main products are ostomy bags, catheters and wound dressings. They have three specialized categories such as Ostomy care, Urology & Continence and Wound & Skin. They are available at hospitals, retail shops and wholesalers, and also they deliver their products to their costumers as well it is called homecare. As the BRIC countries has a high growth in every market Coloplast wants to enter to one of these countries, China and India. They would like to take the wound and skincare products to these markets. In my assignment I will explain deeply their situation.
In this business report on the global retail business IKEA, it will cover the nature of business, influences on operations, operation processes, operation strategies and how the business can sustain competitive advantage. IKEA was founded in 1943 by Ingvar Kamprad in Älmhult, Sweden. The business established after and with the money his father awarded him for succeeding in his studies, Kamprad sustained a cash inflow by selling pens, wallets, watches, picture frames, table runners, jewellery and nylon stockings at reduced prices to customers. Although, later on in 1958, IKEA was introduced as a leader of Swedish Furniture Company as they started to produce local furniture by the Swedish local manufacturers, which gained positive attention from their customers. Eventually, developing flat packs of furniture for storage and self assembly, making their signature style of IKEA and turning the small business into a global sensation.
As mentioned earlier in Chapter 1, China Lodging Group is a multi-brand hotel group which as per now manages seven hotels with each having a specific target of customers. These Hotels are Hi Inn, Han Ting Hotel, Elan Hotel, Star-way Hotel, JI Hotel, Manxin Hotel, and Joya Hotel. Its mission statement is to create great brands of hotels that guests love. The group predicts to be owning over a quarter of the hotel market share in the next five years to come. The two major objectives that the company has set for the next five years to ensure that they attain their goal is to build one large five-star hotel in the heart of China Capital’s serene outskirts and to ensure that they hire enough
The Ritz-Carlton Hotel Company operates within the upscale & luxury hotel industry. While it could be argued that Ritz-Carlton operates in the more broad and inclusive lodging industry, they offer a highly differentiated product and service and therefore find themselves operating in an exclusive industry alongside very few direct competitors, such as Four Seasons Hotels, HongKong and Shanghai Hotels, and Starwood Hotels & Resorts. Therefore when analyzing this industry I will not be including cheap hotels, motels, lodges, or inns, unless to offer potential substitutes to luxury hotels. In order to assess the attractiveness of the upscale & luxury hotel industry, an analysis of the general environment surrounding the industry must be
The original formula for Red Bull was developed in 1964; however, the Red Bull company was not founded until 1984 after a merger between Dietrich Mateschitz, marketing guru, and Chaleo Yoovidhya, the owner of the Red Bull formula. Categorized as an energy drink, Red Bull was initially designed to “treat jet lag and boost energy for truck drivers” (Hollensen, 2012). In today's era, Red Bull is commonly used as an energy drink; like coffee, and as a mixer in alcoholic drinks, like Red Bull Wings and the Jägerbomb. This aligns with the company's focus on the younger generations of partygoers and post-secondary students.
The reason why I choose this article as the material of my reflective is because of the depth and width. It relates to the industry, the customs, the competitive advantages of the firm and many other external / internal issues of a corporation. It gives me much wider concerns when I’m going to operate a business in foreign countries.