Here is a Sales Plan study. This research was done by an intern at a printing company in Zimbabwe. The printing environment is Zimbabwe is a cut-throat, dog-eat-dog industry. You need proper methods of innovation like what i did. hard work, cutting costs, speed, and quality are some of the aspects needed to survive. Read and enjoy. Thank you.
This document appears to be an assignment submitted by a student for a course on strategic marketing management. It contains over 9,500 words divided into multiple sections and tasks. The tasks discuss key concepts of strategic marketing management including defining it, explaining its role and processes, and linking it to corporate strategy. Specific examples and discussions are provided relating to Samsung Telecommunications to evaluate how strategic marketing has helped Samsung achieve success and leadership in the consumer electronics and mobile phone industries through enabling it to understand customer needs, develop innovative products, and achieve its business objectives and long-term growth and survival.
The document discusses various strategic growth strategies for companies, including intensive growth within existing markets and products, integrated growth through mergers and acquisitions, and diversified growth into new business areas. It provides examples of companies using strategies like market penetration, product development, market development, and diversification. Assessment criteria for evaluating strategic options include acceptability, market practicality, commercial viability, and compliance with objectives.
The Business Strategy Simulation is an online simulation where students run an athletic footwear company competing against other student-run companies. In the simulation, students make decisions across various business functions over multiple years. The simulation aims to help students learn about crafting and executing business strategy in a globally competitive environment. It has been used in over 500 schools across more than 25 countries and has engaged over 500,000 students.
The document discusses objectives, strategies, and planning in organizations. It explains that objectives are desired outcomes for organizations and individuals. It then outlines the hierarchy of objectives from mission down to individual objectives. The process of setting objectives involves boards of directors determining strategic objectives, which are then broken down by management levels. Effective objectives are specific, measurable, challenging but realistic, and have defined time periods. Strategic planning involves analyzing internal and external environments to develop alternative strategies to achieve objectives. Implementation and contingency planning are also discussed.
The document provides guidance for a marketing project including analyzing opportunities and developing a marketing plan. It outlines 4 main steps: 1) defining the project idea and goals, 2) analyzing market opportunities through factors like PEST analysis and competitive forces, 3) specifying marketing plan elements like target audience and branding, and 4) developing financial evaluations. For step 2 on market opportunities analysis, it emphasizes exploring the macroenvironment, microenvironment, and identifying competitive advantages. It also provides templates for using tools like PEST analysis and Porter's 5 competitive forces to systematically analyze the relevant market factors and competitive landscape.
This document appears to be an assignment submitted by a student for a course on strategic marketing management. It contains over 9,500 words divided into multiple sections and tasks. The tasks discuss key concepts of strategic marketing management including defining it, explaining its role and processes, and linking it to corporate strategy. Specific examples and discussions are provided relating to Samsung Telecommunications to evaluate how strategic marketing has helped Samsung achieve success and leadership in the consumer electronics and mobile phone industries through enabling it to understand customer needs, develop innovative products, and achieve its business objectives and long-term growth and survival.
The document discusses various strategic growth strategies for companies, including intensive growth within existing markets and products, integrated growth through mergers and acquisitions, and diversified growth into new business areas. It provides examples of companies using strategies like market penetration, product development, market development, and diversification. Assessment criteria for evaluating strategic options include acceptability, market practicality, commercial viability, and compliance with objectives.
The Business Strategy Simulation is an online simulation where students run an athletic footwear company competing against other student-run companies. In the simulation, students make decisions across various business functions over multiple years. The simulation aims to help students learn about crafting and executing business strategy in a globally competitive environment. It has been used in over 500 schools across more than 25 countries and has engaged over 500,000 students.
The document discusses objectives, strategies, and planning in organizations. It explains that objectives are desired outcomes for organizations and individuals. It then outlines the hierarchy of objectives from mission down to individual objectives. The process of setting objectives involves boards of directors determining strategic objectives, which are then broken down by management levels. Effective objectives are specific, measurable, challenging but realistic, and have defined time periods. Strategic planning involves analyzing internal and external environments to develop alternative strategies to achieve objectives. Implementation and contingency planning are also discussed.
The document provides guidance for a marketing project including analyzing opportunities and developing a marketing plan. It outlines 4 main steps: 1) defining the project idea and goals, 2) analyzing market opportunities through factors like PEST analysis and competitive forces, 3) specifying marketing plan elements like target audience and branding, and 4) developing financial evaluations. For step 2 on market opportunities analysis, it emphasizes exploring the macroenvironment, microenvironment, and identifying competitive advantages. It also provides templates for using tools like PEST analysis and Porter's 5 competitive forces to systematically analyze the relevant market factors and competitive landscape.
1. The document discusses various marketing strategies that enterprises can use, including promotional, market segmentation, distribution channel, and packaging strategies.
2. It notes that effective marketing strategies are important for enterprises to survive in today's competitive environment by satisfying customer needs and increasing sales and profits.
3. The document reviews different types of marketing strategies such as general marketing strategies, decision area strategies, strategies based on market dominance, and integrated marketing strategies.
Anup Bhardwaj has over 11 years of experience in sales, marketing, business development, and brand management. He is currently the Assistant General Manager of Modern Retail/E-Commerce & Key Accounts at HSIL Limited, where he helped launch new products and increase annual business from zero to 30 crores. Prior to his current role, he held several leadership positions at other companies where he successfully launched products, expanded key accounts and retail partnerships, and consistently grew business.
Read this Sample Assignment on Business Strategy of an Organization written by an expert writer of Instant Assignment Help. We offer assignment samples on various subjects to the students without charging any cost. Our sample helps the scholars in improving their assignment writing skills. If you are facing any assignment related problem then contact us for the best assignment help and score top grades. We are the leading assignment writing service provider which caters the academic requirements of the students. Place your order now and avail our exciting offers and discounts.
This document provides an outline and content for a marketing management course. It begins with definitions of marketing and marketing management. It then outlines the major topics to be covered in the course, including the nature and importance of products, pricing systems, distribution structures, and promotional activities. For each major topic, it lists the sub-topics that will be discussed and provides a high-level overview of the content to be covered. It also includes marketing management concepts like the marketing mix and the roles of a marketing manager. The document serves as a comprehensive guide for both instructors and students on the essential information to be covered in a marketing management course.
The marketing mix refers to the tactics a company uses to promote its brand, including the traditional 4Ps of Price, Product, Place and Promotion. It also increasingly includes other factors like Packaging, Positioning, People and Politics. To create an effective marketing mix, companies must get these elements right: the product must have good features and quality; the price must be suitable for the target market to purchase in large numbers; distribution must make the product widely available where and when customers want it; and promotion must create awareness of the product among customers and retailers. An optimal marketing mix balances all these factors to maximize success for a company.
Ram Solanki has over 10 years of experience in sales and marketing of automotive and industrial lubricants. He is currently the Head of Sales and Marketing at Arabian Petroleum Limited, where he is responsible for business development and sales across India. Previously he has held marketing roles at Shubh Group and Hindustan Petroleum Corp. Ltd. He leads a team to achieve sales targets and growth through dealer networks and channel partners.
The document discusses various competitive advantages and strategies used by companies. It defines four types of competitive advantages based on costs and differentiation: costs leadership, differentiation advantage, focus advantage, and combination advantage. It also describes strategies used by different types of market players: market leaders look to constantly advance and defend their position; market challengers may use frontal attacks, flank attacks, or surrounding tactics; market followers look to imitate or adapt leaders' offerings; market nichers focus on defending a small market segment; and outsiders try strategies like harvesting, reorganizing, or integrating to improve their weak position. Specific examples are given of strategies used by companies like Nescafe, Odnoklassniki, and Bionor
The Sales Matrix is a sales consulting company that helps clients increase revenue by building stronger sales forces. They develop the proper sales strategy, staff the sales force with the right people, provide customized sales training, and implement a sales reinforcement program. The Sales Matrix has helped clients across various industries increase their sales results through strategic alignment of their sales components.
This marketing plan aims to address threats to Zimbabwe Newspapers from changes in the external environment over the next 3-4 years. The plan seeks to maintain the company's position as market leader and increase newspaper sales by 20% in the next four years through various growth and positioning strategies. However, implementation may be affected by limited funding and internal issues like poor marketing intelligence. The plan involves conducting a SWOT analysis, setting objectives to boost sales and market share, and developing marketing strategies and mix decisions. Evaluation and control measures are also outlined.
The document discusses how UPS has achieved a sustainable competitive edge through innovation in every area of its business. It highlights UPS's focus on innovation in its human resources, technology, processes, branding, and fleet vehicles. The consistent brown color scheme and unique font have created a strong brand identity for UPS. Its investment in new electric vehicles and efficient aircraft fleet also demonstrate innovation for sustainability.
In response to the problems stated above and the improvement of organizational culture of the company, I, as a Business Advisor of DND have proposed some of the solutions and steps which should be implemented and also certain things which have to be kept in mind while improving the organizational culture in my main solution part. Some of my proposals include that the company should have personnel communication with its employees, like informal communication should be there between the employees and employers.
Source: https://www.managementolympiad.org/nmo-2020-bcs/NMO-1944-saurav-gohain.html
The document discusses key components of developing an effective marketing plan, including:
1) Conducting an environmental analysis to understand the market, competition, and opportunities.
2) Performing a SWOT analysis to understand internal strengths and weaknesses and external opportunities and threats.
3) Setting marketing objectives and strategies based on the SWOT analysis to target markets and develop an optimal marketing mix.
4) Implementing an action plan and making financial projections to evaluate whether the marketing plan is achieving its goals.
Supply chain and production management and Industrial management and sustaina...AbdulAziz1282
Management with regards to Raw material procurement to supply chain and production management in manufacturing industries. Industrial management and sustainability issues.
Rahul Kumar is a marketing professional with over 7 years of experience managing marketing campaigns and vendor relationships for various companies. He currently works as an Assistant Manager at Samsung Electronics, where he oversees regional activations and a team of 21 vendors. Previously, he held marketing roles at Central Mall, Landmark Group in Qatar, and Pantaloons. Rahul has a proven track record of increasing sales and brand visibility through strategic marketing initiatives. He holds an MBA in Marketing and HR from ICFAI University.
How is sales force management likely to evolve in the coming 10 years?
Main themes are: co creation, networking, communication, the sales process, team based selling and the relationship between sales, marketing and customer service.
The document provides a summary of the individual's academic and professional experience. It includes details about their educational qualifications like higher secondary school percentage and degrees obtained. It also lists internship and work experience at various advertising and marketing firms between 2008-2010 including roles in account planning, client servicing, and creative development. Hobbies and areas of passion are also mentioned.
This document discusses competitive intelligence and benchmarking. It describes competitive intelligence as a permanent process of collecting, accumulating, structuring, and analyzing internal and external data about a company to provide high-level management with information. It lists common competitive intelligence tasks like researching competitors, new clients/markets, technologies, and suppliers. Benchmarking is defined as comparing business processes, quality indicators, client service levels, and company image to competitors and leaders in other industries. The document provides examples of benchmarking types and outlines benchmarking as a multi-step process of defining objectives, identifying benchmarking partners, collecting information, analyzing it, and applying learnings.
This document provides an overview of the marketing mix of Spectra detergent company. It discusses the company's product, price, placement, and promotion strategies. The summary analyzes the Indian detergent market and major players like Nirma and Surf Excel. It also describes different types of detergents and washing powders used in India.
FACULTY OF COMPUTING AND BUSINESS MANAGEMENTVILA COLLEGEBM.docxmydrynan
FACULTY OF COMPUTING AND BUSINESS MANAGEMENT
Vila College
BMMK 5103
ENTERPRISE DEVELOPMENT
ASSIGNMENT
Date Assigned: 2nd t March 2013
Due Date: 6th April 2013
Lecturer: Mr.Hamid Sodique
Student ID: s111023248
Student name: Imad Mohamed
Imad MohamedACKNOWLEDGEMENT
First of all I would like to thank God as I am able to finish this assignment given by Mr.Hamid Sodique, lecture of the Module: Marketing Management.. This task cannot be completed without guidance and continued support of from lecture. Therefore I would like to take this opportunity to tank lecture, Mr.Hamid Sodique for his guidance for and explanation of the subject, and kind extension of deadline for submitting the assignment. I also appreciated those Villa College’s facilitations, to grant me late registration and extension for submitting the assignment.
I am a civil servant having heavy workload especially during the time there is much challenges for our work to uphold decentralization system in Maldives. My studies and work towards this assignment is completed because of the flexibility and support given by my office management and staff as well. I recognized the support of office management and thanks management of Local Government Authority
This task has been done with the help of and discussion with colleague students of the class, and I would address big thanks to all fellow students.
Finally I thanks to my beloved family and friends that always stick together and also work hard to produce good assignment.EXECUTIVE SUMMARY
The case presented discusses Singtrix’s activities that outline its strengths and weaknesses. This paper clearly identifies the company’s life in the industry. The paper also provides information that will help in depicting a clear picture in the company’s operations and activities.
This paper discusses the strengths and weaknesses of the company and the main reason behind these occurrences. This paper clearly explains the position of the company in the musical instrument industry. It will outline the main strategies that the company needs to adopt in order to ensure that the new product penetrates and is fully accepted into the market. The information provided best explains what the company needs to do and what it needs to change when introducing a new product into the market.
An analysis of the internal practices of the company help outlines the company's SWOT. The strengths related to the company are; producing quality, producing unique products with unique features, changing the unthinkable, that is, making bad singers good singers and producing user-friendly devices. The company's weaknesses include; poor marketing; its products get only known by a certain class of individuals and limited brands. Its opportunities include; its quality products help attract new clients, stands a great chance of becoming one of the best in the industry, its ability to make music stars acts as a way of advertisement and have a chance of creating new p ...
The document provides an overview of strategic marketing and outlines a process for structuring marketing activities to achieve better results. It discusses key concepts like competitive positioning, brand strategy, and categorizing marketing activities into strategy, tools, and customer acquisition buckets. The overall marketing process described ties together strategic planning, financial planning, creative development, marketing execution, sales, and customer retention.
1. The document discusses various marketing strategies that enterprises can use, including promotional, market segmentation, distribution channel, and packaging strategies.
2. It notes that effective marketing strategies are important for enterprises to survive in today's competitive environment by satisfying customer needs and increasing sales and profits.
3. The document reviews different types of marketing strategies such as general marketing strategies, decision area strategies, strategies based on market dominance, and integrated marketing strategies.
Anup Bhardwaj has over 11 years of experience in sales, marketing, business development, and brand management. He is currently the Assistant General Manager of Modern Retail/E-Commerce & Key Accounts at HSIL Limited, where he helped launch new products and increase annual business from zero to 30 crores. Prior to his current role, he held several leadership positions at other companies where he successfully launched products, expanded key accounts and retail partnerships, and consistently grew business.
Read this Sample Assignment on Business Strategy of an Organization written by an expert writer of Instant Assignment Help. We offer assignment samples on various subjects to the students without charging any cost. Our sample helps the scholars in improving their assignment writing skills. If you are facing any assignment related problem then contact us for the best assignment help and score top grades. We are the leading assignment writing service provider which caters the academic requirements of the students. Place your order now and avail our exciting offers and discounts.
This document provides an outline and content for a marketing management course. It begins with definitions of marketing and marketing management. It then outlines the major topics to be covered in the course, including the nature and importance of products, pricing systems, distribution structures, and promotional activities. For each major topic, it lists the sub-topics that will be discussed and provides a high-level overview of the content to be covered. It also includes marketing management concepts like the marketing mix and the roles of a marketing manager. The document serves as a comprehensive guide for both instructors and students on the essential information to be covered in a marketing management course.
The marketing mix refers to the tactics a company uses to promote its brand, including the traditional 4Ps of Price, Product, Place and Promotion. It also increasingly includes other factors like Packaging, Positioning, People and Politics. To create an effective marketing mix, companies must get these elements right: the product must have good features and quality; the price must be suitable for the target market to purchase in large numbers; distribution must make the product widely available where and when customers want it; and promotion must create awareness of the product among customers and retailers. An optimal marketing mix balances all these factors to maximize success for a company.
Ram Solanki has over 10 years of experience in sales and marketing of automotive and industrial lubricants. He is currently the Head of Sales and Marketing at Arabian Petroleum Limited, where he is responsible for business development and sales across India. Previously he has held marketing roles at Shubh Group and Hindustan Petroleum Corp. Ltd. He leads a team to achieve sales targets and growth through dealer networks and channel partners.
The document discusses various competitive advantages and strategies used by companies. It defines four types of competitive advantages based on costs and differentiation: costs leadership, differentiation advantage, focus advantage, and combination advantage. It also describes strategies used by different types of market players: market leaders look to constantly advance and defend their position; market challengers may use frontal attacks, flank attacks, or surrounding tactics; market followers look to imitate or adapt leaders' offerings; market nichers focus on defending a small market segment; and outsiders try strategies like harvesting, reorganizing, or integrating to improve their weak position. Specific examples are given of strategies used by companies like Nescafe, Odnoklassniki, and Bionor
The Sales Matrix is a sales consulting company that helps clients increase revenue by building stronger sales forces. They develop the proper sales strategy, staff the sales force with the right people, provide customized sales training, and implement a sales reinforcement program. The Sales Matrix has helped clients across various industries increase their sales results through strategic alignment of their sales components.
This marketing plan aims to address threats to Zimbabwe Newspapers from changes in the external environment over the next 3-4 years. The plan seeks to maintain the company's position as market leader and increase newspaper sales by 20% in the next four years through various growth and positioning strategies. However, implementation may be affected by limited funding and internal issues like poor marketing intelligence. The plan involves conducting a SWOT analysis, setting objectives to boost sales and market share, and developing marketing strategies and mix decisions. Evaluation and control measures are also outlined.
The document discusses how UPS has achieved a sustainable competitive edge through innovation in every area of its business. It highlights UPS's focus on innovation in its human resources, technology, processes, branding, and fleet vehicles. The consistent brown color scheme and unique font have created a strong brand identity for UPS. Its investment in new electric vehicles and efficient aircraft fleet also demonstrate innovation for sustainability.
In response to the problems stated above and the improvement of organizational culture of the company, I, as a Business Advisor of DND have proposed some of the solutions and steps which should be implemented and also certain things which have to be kept in mind while improving the organizational culture in my main solution part. Some of my proposals include that the company should have personnel communication with its employees, like informal communication should be there between the employees and employers.
Source: https://www.managementolympiad.org/nmo-2020-bcs/NMO-1944-saurav-gohain.html
The document discusses key components of developing an effective marketing plan, including:
1) Conducting an environmental analysis to understand the market, competition, and opportunities.
2) Performing a SWOT analysis to understand internal strengths and weaknesses and external opportunities and threats.
3) Setting marketing objectives and strategies based on the SWOT analysis to target markets and develop an optimal marketing mix.
4) Implementing an action plan and making financial projections to evaluate whether the marketing plan is achieving its goals.
Supply chain and production management and Industrial management and sustaina...AbdulAziz1282
Management with regards to Raw material procurement to supply chain and production management in manufacturing industries. Industrial management and sustainability issues.
Rahul Kumar is a marketing professional with over 7 years of experience managing marketing campaigns and vendor relationships for various companies. He currently works as an Assistant Manager at Samsung Electronics, where he oversees regional activations and a team of 21 vendors. Previously, he held marketing roles at Central Mall, Landmark Group in Qatar, and Pantaloons. Rahul has a proven track record of increasing sales and brand visibility through strategic marketing initiatives. He holds an MBA in Marketing and HR from ICFAI University.
How is sales force management likely to evolve in the coming 10 years?
Main themes are: co creation, networking, communication, the sales process, team based selling and the relationship between sales, marketing and customer service.
The document provides a summary of the individual's academic and professional experience. It includes details about their educational qualifications like higher secondary school percentage and degrees obtained. It also lists internship and work experience at various advertising and marketing firms between 2008-2010 including roles in account planning, client servicing, and creative development. Hobbies and areas of passion are also mentioned.
This document discusses competitive intelligence and benchmarking. It describes competitive intelligence as a permanent process of collecting, accumulating, structuring, and analyzing internal and external data about a company to provide high-level management with information. It lists common competitive intelligence tasks like researching competitors, new clients/markets, technologies, and suppliers. Benchmarking is defined as comparing business processes, quality indicators, client service levels, and company image to competitors and leaders in other industries. The document provides examples of benchmarking types and outlines benchmarking as a multi-step process of defining objectives, identifying benchmarking partners, collecting information, analyzing it, and applying learnings.
This document provides an overview of the marketing mix of Spectra detergent company. It discusses the company's product, price, placement, and promotion strategies. The summary analyzes the Indian detergent market and major players like Nirma and Surf Excel. It also describes different types of detergents and washing powders used in India.
FACULTY OF COMPUTING AND BUSINESS MANAGEMENTVILA COLLEGEBM.docxmydrynan
FACULTY OF COMPUTING AND BUSINESS MANAGEMENT
Vila College
BMMK 5103
ENTERPRISE DEVELOPMENT
ASSIGNMENT
Date Assigned: 2nd t March 2013
Due Date: 6th April 2013
Lecturer: Mr.Hamid Sodique
Student ID: s111023248
Student name: Imad Mohamed
Imad MohamedACKNOWLEDGEMENT
First of all I would like to thank God as I am able to finish this assignment given by Mr.Hamid Sodique, lecture of the Module: Marketing Management.. This task cannot be completed without guidance and continued support of from lecture. Therefore I would like to take this opportunity to tank lecture, Mr.Hamid Sodique for his guidance for and explanation of the subject, and kind extension of deadline for submitting the assignment. I also appreciated those Villa College’s facilitations, to grant me late registration and extension for submitting the assignment.
I am a civil servant having heavy workload especially during the time there is much challenges for our work to uphold decentralization system in Maldives. My studies and work towards this assignment is completed because of the flexibility and support given by my office management and staff as well. I recognized the support of office management and thanks management of Local Government Authority
This task has been done with the help of and discussion with colleague students of the class, and I would address big thanks to all fellow students.
Finally I thanks to my beloved family and friends that always stick together and also work hard to produce good assignment.EXECUTIVE SUMMARY
The case presented discusses Singtrix’s activities that outline its strengths and weaknesses. This paper clearly identifies the company’s life in the industry. The paper also provides information that will help in depicting a clear picture in the company’s operations and activities.
This paper discusses the strengths and weaknesses of the company and the main reason behind these occurrences. This paper clearly explains the position of the company in the musical instrument industry. It will outline the main strategies that the company needs to adopt in order to ensure that the new product penetrates and is fully accepted into the market. The information provided best explains what the company needs to do and what it needs to change when introducing a new product into the market.
An analysis of the internal practices of the company help outlines the company's SWOT. The strengths related to the company are; producing quality, producing unique products with unique features, changing the unthinkable, that is, making bad singers good singers and producing user-friendly devices. The company's weaknesses include; poor marketing; its products get only known by a certain class of individuals and limited brands. Its opportunities include; its quality products help attract new clients, stands a great chance of becoming one of the best in the industry, its ability to make music stars acts as a way of advertisement and have a chance of creating new p ...
The document provides an overview of strategic marketing and outlines a process for structuring marketing activities to achieve better results. It discusses key concepts like competitive positioning, brand strategy, and categorizing marketing activities into strategy, tools, and customer acquisition buckets. The overall marketing process described ties together strategic planning, financial planning, creative development, marketing execution, sales, and customer retention.
The document provides an overview of strategic marketing and outlines a process for structuring marketing activities to achieve better results. It discusses three key buckets: strategy, tools, and customer acquisition. Strategy involves high-level conceptualization of penetrating the market. Tools are the collateral and processes used for tactical execution. Customer acquisition are the marketing mediums and tactics used to execute strategies. The document recommends first defining strategy before implementing tactics. It aims to provide structure and guidance to help marketers determine the "right things" to be doing.
The document provides an overview of strategic marketing and outlines a process for structuring marketing activities to achieve better results. It discusses three key buckets: strategy, tools, and customer acquisition. Strategy involves high-level conceptualization of penetrating the market. Tools are the collateral and processes used for tactical execution. Customer acquisition are the marketing mediums and tactics used to execute strategies. The document recommends first defining strategy before implementing tactics. It provides examples of how different companies deliver value through operational excellence, product leadership, or customer intimacy.
The presentation covers elements of a GTM plan, what makes it disruptive and how does one measure it. The presentation was used at the NASSCOM Product Conclave in Cochin held on 14 Dec 2016 by Sunder Madakshira.
A study of marketing plan of dilato pen drivesProjects Kart
This document provides a marketing plan for Dilato pen drives aimed at introducing a range of innovative new pen drive products in India. It includes a situational analysis of the growing Indian external data storage market, objectives to capture 10% market share and achieve brand awareness, and an action plan to target students, professionals, and businesses with affordable and feature-rich pen drive options. Evaluation mechanisms are proposed to monitor sales and ensure the marketing strategies effectively achieve the objectives.
The document discusses marketing processes and strategic marketing planning. It covers defining a corporate mission and goals, establishing business units, conducting SWOT and environmental analyses, developing marketing strategies using frameworks like Ansoff's matrix and Porter's generic strategies, creating a marketing plan, and analyzing marketing opportunities through internal records and market intelligence. The purpose of strategic planning and having a marketing plan is to help firms deliver targeted profits and growth.
UMS is an upstart marketing company that uses proprietary software to quickly develop marketing plans for clients. The software allows UMS to bypass long lead times that typically hamper marketing firms. UMS analyzes its industry, customers, suppliers and competitors. Its customers will be companies seeking efficient marketing solutions, and its software could also be marketed to competitors. A feasibility analysis found the concept requires only startup costs and has a short ROI period.
This document discusses the need to integrate marketing more closely with business strategy and operations. It argues that marketing should shift from fragmented tactical tasks to a strategic role focused on creating sustained competitive advantages. The marketing function represents a major opportunity to increase business growth but often gets distracted by new opportunities and loses its strategic focus. True integration of marketing requires treating it like core business functions and applying project management disciplines to prioritize, coordinate and ensure completion of key marketing initiatives.
Appropriation & ad agency by manish badhiyeManish Badhiye
The document discusses various methods for setting an advertising budget, including the affordable method, percentage-of-sales method, competitive-parity method, and objective-and-task method. It notes that the objective-and-task method is generally considered the most logical as it involves defining objectives, determining tasks to achieve them, and estimating costs, but it is also the most difficult to implement. The document also provides an overview of factors that influence the relationship between advertising spending and sales, such as threshold, carryover, and wear out effects.
This document provides a template for creating a go-to-market plan to help companies expand into new markets or launch new products. It outlines two main parts: discovery and data gathering, and the go-to-market strategy. The discovery section involves defining the product, objectives, markets, insights and competition. The strategy section covers the business case, market strategy including positioning and messaging, pricing, sales and support plans, and customer service. The template is designed to help companies strategize their approach for successfully entering new areas of growth.
Healthcare marketing the optimization scenario1Nirmala N
In recent times Marketing Management is becoming more challenging and highly expensive. Organizations are realizing that internal resources are not enough to produce measurable results in a consistent manner. They face hardcore challenges in standardization and corporatization. The bare minimum fact in an Organization is that they are unable to fix the GAP between Operations and Marketing.
Optimize offers to undertake areas of challenges in an Organization and help Organizations to get optimized results even with minimal resources. Resources need to be optimized and not just utilized, and we empower you to achieve those results.
Digital marketing solution providers driving the future of marketingMerry D'souza
As digital marketing is fairly an emerging and digital marketing agencies aim to improve the “Digital Marketing Solution providers Driving the Future of Marketing!"As the business landscape is drastically changing, the companies are scrambling to exploit new opportunities.
Star Software creates custom calendar software programs for about 400 businesses as promotional tools. It faces challenges with seasonal demand and idle resources in off-seasons. The marketing plan evaluates Star's strengths/weaknesses and opportunities/threats to suggest growing existing customer relationships and developing new niche products. It analyzes the competitive environment, economic trends favoring specialty advertising, and technological forces like personal digital assistants that may impact calendar software. The plan aims to steadily grow Star's business of long-term customers by better utilizing resources in off-seasons.
Star Software creates custom calendar software programs for businesses to use as promotional tools. It faces challenges from its seasonal business and cash flow issues. This marketing plan aims to increase profits 10% annually by diversifying products and customers. Objectives include surveying current customers, developing non-seasonal products, and achieving 50% growth in net profits over 5 years, half from new customers and off-season products. The plan identifies strengths in customization and customer service, weaknesses in seasonality and reliance on reorders, opportunities in technology and direct marketing, and threats from competition and single sourcing.
Star Software creates custom calendar software programs for businesses to use as promotional tools. It faces challenges from its seasonal business and cash flow issues. This marketing plan aims to increase profits 10% annually by diversifying products and customers. Objectives include surveying current customers, developing non-seasonal products, and achieving 50% growth in net profits over 5 years, half from new customers and off-season products. The plan identifies strengths in customization and customer service, weaknesses in seasonality and reliance on reorder business, opportunities in technology and direct marketing, and threats from competition and single sourcing.
Star Software creates custom calendar software programs for businesses to use as promotional tools. It faces challenges from its seasonal business and cash flow issues. This marketing plan aims to increase profits 10% annually by diversifying products and customers. Objectives include surveying current customers, developing non-seasonal products, and achieving 50% growth in profits over 5 years, half from new customers and off-season products. The plan identifies strengths in customization and customer service, weaknesses in seasonality and reliance on reorder business, opportunities in technology and direct marketing, and threats from competition and single sourcing.
The document outlines the key concepts and components of strategic market management. It discusses business strategy, sustainable competitive advantage, strategic business units, and the different concepts in strategic marketing management. The production concept, product concept, selling concept, marketing concept, and holistic marketing concept are explained. Finally, the components of strategic market management are listed as analyzing the current situation, assessing opportunities, identifying target markets, setting goals, developing strategies, creating an implementation timeline, and establishing a marketing budget.
Appendix C Sample Marketing Plan APPENDIX C Sample Marketing Plan.pdfSandra Valenzuela
This marketing plan summary outlines the key details of the plan for Star Software:
- Star Software sells custom calendar software and related items to about 400 businesses and faces challenges with seasonal demand and idle resources in off-seasons.
- The plan evaluates Star's strengths, weaknesses, opportunities, and threats to suggest ways to build customer relationships and develop new products/services for niches.
- As a business-to-business marketer, Star's target market is manufacturers that use the customizable calendar software as a promotional tool for customers.
Similar to LETS PRINT. ( A sales and marketing intern`s journey through the litho-printing service industry) (20)
Build marketing products across the customer journey to grow your business and build a relationship with your customer. For example you can build graders, calculators, quizzes, recommendations, chatbots or AR apps. Things like Hubspot's free marketing grader, Moz's site analyzer, VenturePact's mobile app cost calculator, new york times's dialect quiz, Ikea's AR app, L'Oreal's AR app and Nike's fitness apps. All of these examples are free tools that help drive engagement with your brand, build an audience and generate leads for your core business by adding value to a customer during a micro-moment.
Key Takeaways:
Learn how to use specific GPTs to help you Learn how to build your own marketing tools
Generate marketing ideas for your business How to think through and use AI in marketing
How AI changes the marketing game
Embark on style journeys Indian clothing store denver guide.pptxOmnama Fashions
Finding the perfect "Indian Clothing Store Denver" is essential for those seeking vibrant, authentic, and culturally rich attire in the heart of Colorado. Denver, a city known for its diverse culture and eclectic fashion scene, offers a variety of options for those in search of traditional and contemporary Indian clothing. Whether you're preparing for a wedding, festival, or cultural event, or simply wish to incorporate the elegance and beauty of Indian fashion into your wardrobe, discovering the right store can make all the difference.
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LETS PRINT. ( A sales and marketing intern`s journey through the litho-printing service industry)
1. LETS PRINT AT HERITAGE PRINTING
(2014
)
BY
KEITH KACHIKIRA
(STUDENT ATTACHEE)
1
June 2, 2014
SALES TACTICS PROPOSALS
2. EXECUTIVE SUMMARY:
In this project my aim is to part my strategies which the company can use in order to maneuver
the
rough printing terrain. I plan to establish various selling strategies by inducing sales
management
techniques and marketing principles aligned with a printing company. It must show the industrial
analysis, capitalization, human resources management, the possible segmentation strategies,
potential
in the printing industry, costs and revenue, how affect our day to day lives, and the type of
competition we face from different types of organization.
This project aims to emphasize on the strategies Heritage Printing Pvt. Ltd, can carry out in this
vast,
dynamic, and ever changing environment. These strategies must have an impact in
various
dimensions of the printing industry. The printing industry has been hammered by cheap
imports
from manufacturing companies in countries like China, and South Africa who use
advanced
machinery and an inexpensive labour market as an operating advantage. Of late the industry
has been
affected by substitute services like internet accessibility which is getting cheaper by the day;
hence
book users turn to use an alternate of e-learning. Easy Internet access affect the printing
industry in
the sense that, the client cuts cost on things like transportation, on paper material, overprinting,
and
unsold stocks.
2
June 2, 2014
SALES TACTICS PROPOSALS
3. TABLE OF CONTENTS:
1
.
2
.
3
.
4.
5
.
6.
7.
8.
Executive Page
……………………………………………………………………………………………
…….
2
Table of
Contents……………………………………………………………………………
……………
Background…………………………………………………………………………
………………………..
Statement of
Problem……………………………………………………………………………
………
SWOT
Analysis……………………………………………………………………………
……………..
Sales
Objectives…………………………………………………………………………
…………………
Human Resource
Management………………………………………………………………………
Technical approach to
selling……………………………………………………………………….
3
4
4
5
6
7
8
8
9
10
10
1
1
1
3
1
3
1
4
14
1
4
1
5
a.
b.
c.
d.
e.
Sales team
activities……………………………………………………………………
…….
Strategic
Planning……………………………………………………………………
………..
Strategic Management
Planning…………………………………………………………
Factors Influencing Strategic
Planning……………………………………………….
Strategic Marketing
Planning……………………………………………………………..
9. Strategic Sales Force
Decisions……………………………………………………………………..
a. Market
Access……………………………………………………………………………
……….
b. Account Relationship
Strategy……………………………………………………………
Budgeting……………………………………………………………………………
…………………………
a. Estimated Sales
Budget……………………………………………………………………….
Competitor
Analysis………………………………………………………………………………
…….
10
.
11
.
3
June 2, 2014
SALES TACTICS PROPOSALS
4. BACKGROUND
Heritage Printing is a printing company that was incorporated in February, 2013. Its main
business
lies in printing of newspapers, and books, plus small jobs like outsourcing fliers, brochures and
so on.
We have a management department, sales department and production department who all deal
with
the day to day success of the company. We employ an average of 35 subordinates on their
payroll.
Challenges facing the company includes a drastic shift in the technological advancement which
has
left many manufacturing companies in Zimbabwe lacking, all this because of harsh economic
conditions which has crippled most manufacturing industries not sparing the printing industry
as
well.
STATEMENT OF PROBLEM
Heritage Printing is currently facing a crisis in the sales department. There are various issues
affecting the sales department as a whole. They range from a lack of resources to socio-cultural
problems emanating from our different backgrounds we come from. The economic environment
is
currently under the thumb of limited money supply. This is where the market leaders arise and
take
form. They must maneuver, show a positive attitude, be innovative, be creative, work hard and
make
crucial decisions in order to win businesses which will help sustain the company in the long run.
Heritage printing is no exception. What is needed is shire hard work which will lead to success.
4
June 2, 2014
SALES TACTICS PROPOSALS
5. S.W.O.T ANAYLSIS:
STRENGTHS:
1
.
The biggest and most notable strength we have as a company is the Manugraph Web
Print.
With this machine we have unlimited potential and the machine is one of the best in
the
industry we operate in.
We also have a decent enough finishing department.
The origination department is a pretty decent one too, with the machine they use being
one of
the best around.
Heritage Printing possesses one of the most skilled laborers in the industry. Especially in
the
production department.
2.
3.
4.
WEAKNESSES:
1
.
Print Magic Sheet-fed is operating below market potential. Most of jobs available in
the
market are usually performed on the sheet-fed. Right know it is under-utilized
henceforth
making it almost docile.
A large wage bill with very scarce money resource in the environment we operate in.
This
leads to lack of motivation for the workers who expect to be paid.
Heritage Printing is operating under a shoestring budget, due to the harsh economic
environment.
Relatively unknown in the market.
2.
3.
4.
OPPORTUNITIES:
1
.
2.
3.
The printing industry was forecasted to grow by 30% as at August
2013.
Most printing companies don’t have the Manugraph Web-
Print.
There is a gap in the digital printing market.THREATS:
1
.
2
.
3
.
4.
Constant competition in the form of cheap import services from overseas, particularly
China.
Absolute machinery.
Rising client
expectations.
Tight-fist economic environment, with clients refusing to let go off their hard
fought
earnings.
Companies closing down rapidly to which we get most of our printing business.
5.
5
June 2, 2014
SALES TACTICS PROPOSALS
6. SALES
OBJECTIVES
1
.
2.
3.
Guarantee a sale of us$20,000 per month for each individual
Use the income generated by the sales team to pay for a new Nissan NP200 vehicle
Create top of the mind awareness for Heritage Printing amongst our client base
as the company of choice through promoting brand management.
Create a loyal client base from the current list which includes Patriot, ZPH, and the
Mirror. Obtain 2 or 3 major clients which helps sustain continuity of our business.
Improve turnaround time of quotations and delivery of products to ensure service quality.
Ensure a steady growth pattern of 30% new business per month from the sales
team. Generate new businesses at least one or two more clients per month.
Channel in horizontal integration. For example Heritage Printing and an
Origination
company of our choice.
Market Heritage Printing as a brand since we are relatively new in the industry.
4.
5
.
6.
7.
8.
9.
10
.
6
June 2, 2014
SALES TACTICS PROPOSALS
7. HUMAN RESOURCE MANAGEMENT
HIERACHY OF NEEDS:
As for achieving the maximum potential of a sales team, Heritage Printing has to appreciate
the
above diagram. With a highly motivated sales team, the organization has an opportunity to
fully
utilize the employee and laborer so that they can access the market potential simply because
morale
would be boosted to the pinnacle.
7
June 2, 2014
SALES TACTICS PROPOSALS
8. TECHNICAL APPROACH TO SELLING
SALES TEAM ACTIVITIES:
Administrative
Plus or minus 25% of
time.
(a)
(b)
(c)
(d)
Training
Preparation of budgets
Expense control
Administration of compensation
programs.
Consultation with sales representative performing below standard, consultation, personal
counseling,
or assignment to a new territory can improve the performance of many of these people.
Account service/Coordination
Up 17% of time may be spent servicing accounts. Sales representatives will act as customer
advocates
and ensure that their needs are met. Coordination of customer needs with such
departments as production.
Travel
Plus or minus 15% of time. Reason for travel is to keep in touch with conditions in the field, to
help
close important sales, and to observe and train field sales representatives.
Meetings(internal)
Plus or minus 14% of time. It is important training and offering motivational tools for
field representatives.
8
June 2, 2014
SALES TACTICS PROPOSALS
9. STRATEGIC PLANNING
Key sales force decisions are made within the limits set by the organization. Strategic
management
planning consists of the steps taken by the Heritage Printing to ensure long term survival and
growth
of the business. Strategic marketing planning involves the allocation of resources to programs
designed to achieve specific marketing objectives derived from the Heritage Printing`s overall
objectives.The sales force strategy is derived from the marketing strategy and includes decisions about
how to
access the target market and the type of relationships the company will have with its
customers.
Finally the strategic plan must be converted into an operating budget.
9
Operating budgets Promotion
Selling expenses
Sales force Market access strategy
Strategy Account relationship strategy
Strategic Situational analysis
Marketing Segmentation and target
marketing
Planning Marketing mix program
Strategic Mission
Management Goal
Planning Strategy
June 2, 2014
SALES TACTICS PROPOSALS
10. Budgets will help the sales team perform a more thorough job because we will be working in
guidelines, or targets, to which it will be easier to achieve objectives. Actual results can be
compared
with figures and any changes in the objectives and strategies planned for the subsequent period
can be
recommended. STRATEGIC MANAGEMENT PLANNING
It consists of the steps taken by Heritage Printing to ensure long term survival and growth of
the
business. It is an assessment of the outside environment and stock take of the convenience
resources
and competencies in order to chart the best way forward.FACTORS INFLUENCING STRATEGIC MANAGEMENT
10
Heritage Printing`s history and
culture
Sales Force ObjectivesDistinctive
competencie
s
Marketing
Programs
Financial
Technology
Information
Resources
Financial Resources
Personnel
Management
Brand Equity
Environmental
constraints
Legal and regulatory
Demographics
Economic conditions
Technology
Competitive conditions
June 2, 2014
SALES TACTICS PROPOSALS
11. Mission
To efficiently deliver printing services that will capture the country`s heritage.
Vision
To be a world class one stop printing house, providing quality, client value adding
services
Goals
Profits
Sales
revenue
Unit sales
Market share
Survival
Social
responsibility Strategie
s
(i)
(ii)
(iii)
Low cost
Differentiation
Niche/focus
Basically an organization can employ the 3 mentioned above strategies. As Heritage we can
take on
strategy number one, Low Cost Leadership. This type of strategy will lead the organization to
follow
through by use of lowed prices emanating from low production cost, henceforth lowered prices
in the
market. An example can be that of companies like Printworks, who enjoy economies of scale.
Another strategy can be that of Differentiation. The organization can offer the market a various
range of service products. We can offer services like carton work, flexibles, blow molding
containers,
digital printing, and lithographic printing as well, origination as a separate department. Though
this I
admit can require huge amounts of capitalization for it to take place. Finally the organization
can
Focus, or Niche a market. This may come in the form of newspapers like what we do (Patriot,
Mirror, Business connect and so on) or rather specifically focus of the WebPrint as our niche
market,
since we possess one of the best machines and skilled labour, when it comes to the WebPrint.
STRATEGIC MARKETING PLANNINING
It involves the allocation of resources to programs designed to achieve specific marketing and
sales
objectives derived from the organization’s overall objectives. It is a process whereby an
organization
allocates marketing mix resources to reach its target markets.(a) Situation
analysis
Taking stock of where the firm or product line has been, where it is now or where it is likely to
end
up in the future. Consider PESTELI factors. Currently the Political situation in Zimbabwe is kind
of
tense at the moment, but the recent introduction of ZIMASSET, by the government has
rejuvenated
fresh hope amongst the business community. The Economic environment is not friendly either.
With
this environment, it makes it more difficult for the sales and marketing team to venture and lose
any
11
June 2, 2014
SALES TACTICS PROPOSALS
12. new business like what we did on MCAZ, and PRFT, as it will become even harder to find
new
clients, since firms are finding it hard to operate in the harsh economic environment. On the
Technological front, new machinery is required to move with the current market trends.
Natprint,
Fidelity and Celsys recently acquired a new 6 color sheet-fed machine. Our machinery
particularly
sheet-fed printer will make it harder for us sales man to satisfy market needs as client
expectation
keeps on rising when it comes to quality and turnaround time.
Segmentation and target
marketing
Market segmentation involves aggregating clients into groups
that: (i)
(ii)
Have common needs
Will respond similarly to a marketing
program.It will make marketing easier if we classify our clients into groups like Newspaper clients, Line
work
clients, and Full Colour printing clients and develop marketing programs that would suit each
and
every segment accordingly.
Target marketing will be done by selecting and prioritizing of segments to which they will
market.
Our main priority will be Newspapers since they bring in regular cash flow and can be easily
printed
by WebPrint. Line Work will follow on prioritization as it favors our current machinery in the form
of the Sheet-Fed printer. Lastly on our prioritization will be Full Colour Print work. Each segment
must have a unique marketing program that will serve it and satisfy every need.
Marketing mix program
After identifying specific marketing goals and identifying the target market the third step is to
design
the proper marketing mix- 7P’s which are Product, Price, Promotion, and Distribution. The other
three imply to the service we provide as Heritage Printing to our clients. These are Process,
Physical
evidence, and People.People-In a Printing services marketing framework, people are all directly or indirectly involved
in
the service encounter, namely the firm's contact sales men, personnel and other clients we
offer
services. Due to the inseparability of production and consumption for services which involves
the
simultaneous production and consumption of services, we depend heavily on the ability of
contact
employees to deliver the service.
Physical Evidence- The environment in which the service is assembled and in which the seller
and
client interact, combined with tangible commodities that facilitate selling of the service. The
physical
evidence of service includes all the tangible representations of service such as brochures,
letterhead,
Business cards, signage, internet presence and equipment like banners and a book rack at the
entrance
is vitally needed.
Process- At Heritage the procedures, mechanisms and flow of activities by which the service is
delivered is very important i.e. the service delivery and operating systems including turnaround
time
of quotations and delivery of products. All this and the above should be induced in the marketing
12
June 2, 2014
SALES TACTICS PROPOSALS
13. STRATEGIC SALES FORCE
DECISIONS
These include organizing, building, leading and controlling the selling effort. However there are
two
decisions in particular which have an important and transcending pervasive impact on these
sales
force issues and an organization’s sales management program.1
.
2.
How the company will access its clients
The type of relationships the company wishes to have with its various
clients.
MARKET ACCESS
There are several ways Heritage Printing can access the
market.
(i)
(ii)
Direct sales force
Distributors- channel members who take title to the offering that they sell to
end
users-functions.
Printbrokers
Value added resellers (external agents)
Catalogue operations (placements in the
Newspapers)
Direct mail
Telemarketing
(iii)
(iv)
(v)
(vi)
(vii)
There is need to analyze customer base. Usually the 80/20 rate exists that is, 80% of the
revenue is
generated from 20% of customers (few major accounts and many minor accounts), as the
case of
ZPH, and Newspapers. As a result the following are the alternatives to direct sales force.Distributors- Warehousing, breaking bulk, extending credit, providing information and
marketing
the suppliers offer to their customers.
Telemarketing- Customer contacts utilizing telecommunication technology for personal
selling
without direct face to face contact. To which we already do as the sales team.
Integration – this may include horizontally integrating with origination companies, or those
who
don’t have the WebPrint for jobs they cannot print.
Independent Sales Agents – Not employees but independent business given exclusive
contracts to
perform the selling function within specified geographic areas.
Take neither ownership nor physical possession of the goods.
Always compensated by commission.
Often used to develop new markets through a combination of persuasive selling skills
and
technical competence.Alliances - Alliances with other organizations in a joint venture to sell products to specific
markets
for example conjoining with recognized printers like Sable Press, Lighthouse, and
Celsys for
outsourcing jobs.
13
June 2, 2014
SALES TACTICS PROPOSALS
14. ACCOUNT RELATIONSHIP STRATEGY
Refers to the type of relationship a Heritage Printing intends to develop with clients. It may be
transactional or contractual. A different strategy may be practiced for each client; hence
selection of
the right client for the right type of relationship becomes strategic for both the customers and
the
suppliers of raw materials Transactional
relationship
One in which the relationship is based on the need for a service of acceptable quality,
competitively
priced and a relationship convenient for the buyer. Good transaction relationship involves
and
personal relationship between buyer and seller. Relationship based on trust, bargaining,
value and
meeting or exceeding customer expectations. This is the kind of relationship we have with
clients
such as Patriot, Mirror, and The Voice.BUDGETING
PROCESS
goals
.
14
Compare actual expenditures with plans.
Estimate personal selling cost needed to reach sales
Revise
expenditure
categories.
Request additional funds
as
needed.
Forecast sales.
Design marketing program.
Set Marketing and Selling expenditure levels.
June 2, 2014
SALES TACTICS PROPOSALS
15. ESTIMATED SALES DEPARTMENT BUDGET
Quarter Q1 Q2 Q3 Q4 TOTAL
SALES
Number of Clients 1
0
1
5
26
Average Sales per
Client
$ 2,235.0
0
$ 80,000.0
0
$ 82,235.
00To tal N umbe r o f Sale
s
$ 17,881.
00
$ 400,000.0
0
$ 417,881.
00
Ave r age Co s t Pe r
Sale
$ 1,788.1
0
$ 26,666.6
8
$ 28,454.7
8GR O SS PR O FIT $ 1 6, 092.
9 0
$ 29 3 , 3 3 3
. 28
$ 3 09 , 426.
1 8
O VER HEAD S
Promotional Activities and
Exibits
- $ 12,000.0
0
$ 12,000.0
0Postage and
Frieght
- $ 50.0
0
$ 50.0
0Fuel $ 2,400.0
0
$ 2,400.0
0
$ 4,800.0
0Telephone $ 1,800.0
0
$ 1,200.0
0
$ 3,000.0
0Marketing and Advertising - $ 20,000.0
0
$ 20,000.0
0Client Entertainment - $ 400.0
0
$ 400.0
0Salaries and
Wages
n/a $ 23,396.0
0
$ 23,396.0
0Motor Vehicle
Expenses
$ 600.0
0
$ 500.0
0
$ 1,100.0
0Corporate
Branding
- $ 4,000.0
0
$ 4,000.0
0Sales Training and
Workshops
- $ 1,000.0
0
$ 1,000.0
0Research and
Development
- $ 2,000.0
0
$ 2,000.0
0Other
Overheads
- $ 4,000.0
0
$ 4,000.0
0
TO TAL O VER HEAD S $ 4,800.0
0
$ 70,946.0
0
$ 75,746.0
0
N ET PR O FIT $ 1 1 , 29
2. 9 0
$ 222,3 87 .
28
$ 23 3 , 680.
1 8
15
June 2, 2014
SALES TACTICS PROPOSALS
16. COMPETITOR ANALYSIS
5 forces of
competition
THREAT OF
NEW
ENTRANTS
SUPPLIER
POWER
BUYER
POWERCOMPETITOR RIVALRY
THREAT OF
SUBSTITUTES
The 5 Forces Analysis assumes that there are five important forces that determine competitive
power
in the Printing Industry.1
.
Supplier Power: Here you assess how easy it is for suppliers to drive up prices. This is
driven
by the number of suppliers of each key input, the uniqueness of their product e.g William
Over, their strength and control over you, the cost of switching from one to another,
and so
on. The fewer the supplier choices you have, and the more you need suppliers' help, the
more
powerful your suppliers are.
Buyer Power: Here you ask yourself how easy it is for buyers to drive prices down.
Finding
more clients will reduce the buying power they have. We have ZPH, they yield so much
buying power because they are most probably the most reliable client we have. Currently
leaving them will see use experiencing high switching costs. Even our competitor have
their
reliable client under the 80/20 rule, switching them to come to Heritage Printing will mean
high costs for them, that is why it is hard for us salesmen to lure big clients with big
returns.
Basically if you deal with few, powerful buyers, then they are often be able to dictate
terms to
you.
Competitive Rivalry: What is important here is the number and capability of your
competitors. Currently the number of competitors is very high because the printing
2.
3.
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17. Currently our competitors in the form of Printworks, Sable Press, Graphtec offer
better
quality and lowered prices, suppliers and buyers will go there if they don't get a good
deal
from Heritage Printing. On the other hand, if no competitor can offer the kind of service
and
product we can do, then Heritage Printing can often have tremendous strength. So in
order to
outwit our competition, then we have to improve on 3 things, quality, pricing, and
innovativeness to offer a unique gem of a product.
Threat of Substitution: This is affected by the ability of our clients, current and potential to
find a different way of doing what you do. Potential clients may substitute our service and
product for e-books. If substitution is easy and substitution is viable, then this weakens
your
power, henceforth risk losing jobs too.
Threat of New Entry: Power is also affected by the ability of new companies and in
particular
Printbrokers to enter your market. Printbrokers, one room digital printers, and one colour
printers are our main threats, simply because they have little set up costs, or
need low
capitalization to start-up. At the moment we have few economies of scale in place, little
protection for your key technologies, and this is enabling new competitors to quickly
enter
the market we as salesman are supposed to take and it is weakening our position.
4.
5.
km
k
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SALES TACTICS PROPOSALS