This marketing plan summary provides an overview of XYZ Home's strategy to enter the smart home market. XYZ Home aims to leverage its acquisition of ABC and the strengths of both companies to become a leader in the smart home industry. The plan identifies the smart home market as an emerging opportunity, especially in Turkey and other target markets. It analyzes market trends, customer needs, competitors and XYZ Home's capabilities. The marketing strategy focuses on creating brand awareness and a customer-centric approach to position XYZ Home as the top smart home solutions provider. Financial projections and implementation controls are also outlined to achieve objectives over the next 3-5 years.
This document summarizes a case study review of EduComp Solutions Limited, an Indian education company. It provides an introduction to the company, outlines its business initiatives and strategies, and analyzes its strengths, weaknesses, opportunities, and threats. Key points include that EduComp was founded in 1994, provides IT-enabled learning solutions in India and abroad, and aims to serve 15 million learners by 2010 and become a top 5 global K-12 education company by 2012.
D.Light is a social enterprise that provides solar lamps to people in developing countries without access to modern electricity. It was founded in 2007 and targets the base of the pyramid population. D.Light experienced issues with brand awareness and convincing customers accustomed to kerosene to purchase unfamiliar solar technology. However, the lamps provide clear benefits like no recurring costs and allow for extended working and studying hours. As of 2014, D.Light has empowered over 37 million lives and generated over 53,000 MWh of renewable energy, saving customers over $1 billion and creating over 13 billion productive hours. Proposed solutions to further D.Light's impact include introducing cheaper LED options, running awareness campaigns, partnering with local governments, and providing
The soft drink concentrate business is highly profitable due to low costs of production and barriers to entry. Concentrate producers require only $25-50 million for a plant that can serve the entire US market. They face little threat from new entrants due to patented formulas and brand equity built over decades of marketing. In contrast, bottlers face higher costs, more competition, and lower profits of around 35% due to factors like needing large capital investments for plants. However, Coke and Pepsi have been able to sustain profits through brand loyalty, expanding into new markets like juices, and leveraging their brand equity globally despite slowing carbonated drink demand.
The media plan recommends a mix of television, outdoor, and online advertising to promote Schick Quattro razors. Television is the primary medium due to its ability to target key demographics and build brand awareness through frequency. Outdoor advertising will provide high reach across markets while sustaining messaging throughout the year. Online advertising is chosen to engage the target audience who spends over 13 hours per week online. Print and radio are not recommended due to their inability to effectively reach or hold the attention of the target demographic.
Brand Extention plan for Innocent Smoothies into Innocent beauty.Rebecca Holland
This document provides a marketing plan for Innocent to extend their brand from drinks into the beauty sector with a new product line called Innocent Beauty. It analyzes the macroenvironment, competitive landscape, and internal factors. The plan suggests a 3-year proposal to launch Innocent Beauty in January 2017 and gain market share in the UK organic superfood beauty market by December 2019. Understanding consumer behavior and trends is key to correctly positioning the brand and ensuring the success of the new product line.
Mountain Dew sponsored extreme sports events in China to increase engagement with fans and grow its Weibo and WeChat fan bases. It created an online photo campaign asking fans to place their faces on Mountain Dew images and share on social media. Over 3,500 participated, increasing Mountain Dew's Weibo fans by 500 and WeChat fans by 300. It received over 1,500 Weibo posts during the event and increased interactions on Weibo by 10.37%, reaching over 45,000 total fans.
The carbonated soft drink (CSD's) industry was dominated by Coca Cola and Pepsi vying for market share. The CSD organizations gained market share in the U.S. and in global markets extending their brands’ recognition and capturing sales from new markets. The shift in consumer beverage preference and the expansion into global markets proved to uncover new opportunities for growth and profitability. In addition the changes in the organizational structure of business for these companies have allowed them to sustain growth beyond CSD’s.
Starbucks was facing declining customer satisfaction due to perceived issues like prioritizing profits over experience and slower service times. While it was highly successful initially by focusing on quality coffee and atmosphere, the brand was seen as less trendy and partners were providing unsatisfactory service. It is recommended that Starbucks invest $40 million to improve partner training and speed of service to convert satisfied into loyal customers. Converting just 46 more customers per store per day to highly satisfied would allow the investment to break even.
This document summarizes a case study review of EduComp Solutions Limited, an Indian education company. It provides an introduction to the company, outlines its business initiatives and strategies, and analyzes its strengths, weaknesses, opportunities, and threats. Key points include that EduComp was founded in 1994, provides IT-enabled learning solutions in India and abroad, and aims to serve 15 million learners by 2010 and become a top 5 global K-12 education company by 2012.
D.Light is a social enterprise that provides solar lamps to people in developing countries without access to modern electricity. It was founded in 2007 and targets the base of the pyramid population. D.Light experienced issues with brand awareness and convincing customers accustomed to kerosene to purchase unfamiliar solar technology. However, the lamps provide clear benefits like no recurring costs and allow for extended working and studying hours. As of 2014, D.Light has empowered over 37 million lives and generated over 53,000 MWh of renewable energy, saving customers over $1 billion and creating over 13 billion productive hours. Proposed solutions to further D.Light's impact include introducing cheaper LED options, running awareness campaigns, partnering with local governments, and providing
The soft drink concentrate business is highly profitable due to low costs of production and barriers to entry. Concentrate producers require only $25-50 million for a plant that can serve the entire US market. They face little threat from new entrants due to patented formulas and brand equity built over decades of marketing. In contrast, bottlers face higher costs, more competition, and lower profits of around 35% due to factors like needing large capital investments for plants. However, Coke and Pepsi have been able to sustain profits through brand loyalty, expanding into new markets like juices, and leveraging their brand equity globally despite slowing carbonated drink demand.
The media plan recommends a mix of television, outdoor, and online advertising to promote Schick Quattro razors. Television is the primary medium due to its ability to target key demographics and build brand awareness through frequency. Outdoor advertising will provide high reach across markets while sustaining messaging throughout the year. Online advertising is chosen to engage the target audience who spends over 13 hours per week online. Print and radio are not recommended due to their inability to effectively reach or hold the attention of the target demographic.
Brand Extention plan for Innocent Smoothies into Innocent beauty.Rebecca Holland
This document provides a marketing plan for Innocent to extend their brand from drinks into the beauty sector with a new product line called Innocent Beauty. It analyzes the macroenvironment, competitive landscape, and internal factors. The plan suggests a 3-year proposal to launch Innocent Beauty in January 2017 and gain market share in the UK organic superfood beauty market by December 2019. Understanding consumer behavior and trends is key to correctly positioning the brand and ensuring the success of the new product line.
Mountain Dew sponsored extreme sports events in China to increase engagement with fans and grow its Weibo and WeChat fan bases. It created an online photo campaign asking fans to place their faces on Mountain Dew images and share on social media. Over 3,500 participated, increasing Mountain Dew's Weibo fans by 500 and WeChat fans by 300. It received over 1,500 Weibo posts during the event and increased interactions on Weibo by 10.37%, reaching over 45,000 total fans.
The carbonated soft drink (CSD's) industry was dominated by Coca Cola and Pepsi vying for market share. The CSD organizations gained market share in the U.S. and in global markets extending their brands’ recognition and capturing sales from new markets. The shift in consumer beverage preference and the expansion into global markets proved to uncover new opportunities for growth and profitability. In addition the changes in the organizational structure of business for these companies have allowed them to sustain growth beyond CSD’s.
Starbucks was facing declining customer satisfaction due to perceived issues like prioritizing profits over experience and slower service times. While it was highly successful initially by focusing on quality coffee and atmosphere, the brand was seen as less trendy and partners were providing unsatisfactory service. It is recommended that Starbucks invest $40 million to improve partner training and speed of service to convert satisfied into loyal customers. Converting just 46 more customers per store per day to highly satisfied would allow the investment to break even.
The document discusses the economics of the US carbonated soft drink industry from 1970 to 2004, focusing on how Coca-Cola and PepsiCo came to dominate the market through establishing production and distribution networks as well as engaging in competitive marketing campaigns. It analyzes the strategies employed by Coca-Cola and PepsiCo that allowed them to gain and maintain market share over smaller brands, such as expanding their product portfolios and establishing international presences.
A Written Analysis and Communication report on the HBR case study Humour or Harrasment using the six-step problem-solving approach. Identified the key problem, suggested alternative solutions, Evaluation Criteria, Evaluation of options, Recommendation, Implementation plan, and Contingency plan.
IMC 610 Integrated Marketing Communication Plan for KmartStephanie Marchant
Integrated Marketing Communications plan for Kmart. The target audience of female shoppers between the ages of 18 and 45 is the focus of the proposed campaign and a great deal of research has been completed to identify and utilize Kmart’s strengths, weaknesses, opportunities and threats to prepare a plan most beneficial to the organization. Objectives and tactics have been designed to fall in line with Kmart’s mission and values. This detailed plan includes marketing, creative, media, and public relations strategies, as well as direct marketing and sales promotions suggestions. A comprehensive budget and media plan flowchart map out the campaign and the proposed measurement and evaluation plan will assess the campaign upon completion.
Procter & Gamble is using information systems to improve collaboration and innovation. They implemented SharePoint to store presentations, InnovationNet to store research documents, and Cisco Telepresence for long distance meetings. These tools help researchers, marketers, and managers share information more effectively to develop new products and maintain existing brands. While some employees were slow to adopt new technologies, systems like Telepresence have provided significant cost savings through reduced travel. Overall, collaboration systems are helping P&G execute its business strategy of innovation.
This document provides information about General Mills Canada Corporation and their Pillsbury refrigerated cookie business. It discusses their market share and target consumers in Canada. Research showed Canadians prefer scratch baking but working mothers and kids' influence on purchases are opportunities. The recommended target is working mothers and kids. The brand message should highlight how Pillsbury saves time while providing homemade experience. This message could be communicated through kid-friendly packaging, personalization options, and ads showing time savings for busy mothers.
Launching Krispy Natural: Cracking the product management code Mayank Thar
It is the analysis of a Harvard Business School case about a company that initially failed to launch its product but then was able to relaunch it successfully.
The document summarizes the history and competition between Coca-Cola and Pepsi from 1886 to 2006. It discusses how each company was founded and grew initially. In the late 20th century, both experienced ups and downs as consumption levels fluctuated and they launched new products and diversified. Pepsi became more aggressive in adapting to trends like the rise of non-carbonated drinks, while Coke struggled with execution issues. By 2004, Pepsi had grown its portfolio beyond cola drinks and achieved higher market shares across categories through proactive strategies.
- Avellin, a motor oil manufacturer, wants to launch a new "green" motor oil called Eco7 made from recycled materials.
- A situational analysis including STP, SWOT, and BCG analyses was conducted to understand the market. The green motor oil market was growing but still nascent.
- Financial forecasts were made comparing the projected revenue and profits of Eco7 to conventional, synthetic blend, and full synthetic oils. Eco7 was projected to generate incremental revenue and profits.
The document discusses Zenith Electronics Corporation's marketing strategy for their HDTV. It addresses forecasting HDTV demand from 1992 to 2000 under pessimistic, most likely, and optimistic scenarios. It also examines factors to consider for market research strategies, such as aspect ratio analysis and analyzing price, promotion, product, and distribution preferences of consumers.
Global supply chain case study team8_submit v2Meghan Histand
The team selected design options and suppliers that balanced low production costs with flexibility. They split production between overseas and domestic suppliers. For forecasting, they averaged all forecasts rather than following the consensus. They set initial production slightly above forecasts and issued change orders when costs outweighed $2M adjustment fees. Investing in market research helped inform change orders. Overall, balancing costs and flexibility along with responsiveness to new data worked well.
SouthWest Airlines: In a different worldkaiwalyamisra
This document discusses Southwest Airlines' potential acquisition of gates and slots available at LaGuardia Airport following another airline ceasing operations. While operations managers were concerned about potential delays, the presentation recommends Southwest acquire the gates and slots. Doing so would allow Southwest to enter the large New York market and continue its growth. However, steps would need to be taken to isolate LaGuardia operations and prevent any delays from affecting Southwest's whole network. The presentation also examines how Southwest has maintained its success factors as it has expanded its operations and customer offerings in recent years.
This document provides information about the shoe brand Vans. It discusses Vans' target demographics, strengths as an established brand with a diverse product line and reputation, and weaknesses in penetrating the Indian market. The document also analyzes case studies of Vans stores in India, noting a lack of dedicated window displays and differentiation from other brands sold in the stores. Finally, concepts and a mood board are proposed for a Vans window display aimed at increasing the brand's popularity in India.
A group case study project as part of the Marketing Management Post-Graduate course work exploring the acquisition of Snapple by Quaker and then Triarc.
The document discusses the differences between plan-based and agile software development methods, considerations for adopting agile methods offshore, and evaluating adopting agile at Jharna Software. Key points include: plan-based is sequential and predictive while agile is incremental, iterative and adaptive; communication barriers and support from onsite/offshore teams are important considerations for agile offshore; benefits of agile for Jharna include improved estimation and responsiveness but challenges include overcoming cultural mindsets and communication barriers due to specialized teams across time zones.
The document provides background information on Crown Cork & Seal in 1989. It discusses the metal container industry structure, trends towards in-house manufacturing, plastics, glass, and aluminum cans. It also profiles Crown Cork & Seal's history, challenges under new leadership, competitors, and recommendations for entering plastics and acquiring Continental Can. Analysis includes a SWOT analysis, 5 forces analysis, value chain analysis, and corporate, business, and functional strategies.
Key Macro and Micro Indicators| Canada and USA| August 2020 and September 2020 paul young cpa, cga
This document provides an agenda and information on key macroeconomic and industry indicators for Canada and the United States. It includes sections on housing markets, commodities, manufacturing, construction, retail sales, GDP, durable goods and other metrics. Paul Young introduces himself as a CPA and expert on business, risk management, supply chain and public policy issues who can be contacted for analysis.
Ensuring that digital divides are bridged and that broadband networks and services attain the greatest national coverage and use is a priority for OECD governments. Policies to promote competition and private investment, as well as independent and evidence based regulation, have been tremendously effective in extending coverage. In doing so, they reduce the size of that segment of the market that requires alternative approaches to meet policy goals. In areas where market forces have not proven to be able to fulfil all policy objectives, such as in rural and remote areas, however, a range of further approaches are being used in OECD countries.
The document discusses the economics of the US carbonated soft drink industry from 1970 to 2004, focusing on how Coca-Cola and PepsiCo came to dominate the market through establishing production and distribution networks as well as engaging in competitive marketing campaigns. It analyzes the strategies employed by Coca-Cola and PepsiCo that allowed them to gain and maintain market share over smaller brands, such as expanding their product portfolios and establishing international presences.
A Written Analysis and Communication report on the HBR case study Humour or Harrasment using the six-step problem-solving approach. Identified the key problem, suggested alternative solutions, Evaluation Criteria, Evaluation of options, Recommendation, Implementation plan, and Contingency plan.
IMC 610 Integrated Marketing Communication Plan for KmartStephanie Marchant
Integrated Marketing Communications plan for Kmart. The target audience of female shoppers between the ages of 18 and 45 is the focus of the proposed campaign and a great deal of research has been completed to identify and utilize Kmart’s strengths, weaknesses, opportunities and threats to prepare a plan most beneficial to the organization. Objectives and tactics have been designed to fall in line with Kmart’s mission and values. This detailed plan includes marketing, creative, media, and public relations strategies, as well as direct marketing and sales promotions suggestions. A comprehensive budget and media plan flowchart map out the campaign and the proposed measurement and evaluation plan will assess the campaign upon completion.
Procter & Gamble is using information systems to improve collaboration and innovation. They implemented SharePoint to store presentations, InnovationNet to store research documents, and Cisco Telepresence for long distance meetings. These tools help researchers, marketers, and managers share information more effectively to develop new products and maintain existing brands. While some employees were slow to adopt new technologies, systems like Telepresence have provided significant cost savings through reduced travel. Overall, collaboration systems are helping P&G execute its business strategy of innovation.
This document provides information about General Mills Canada Corporation and their Pillsbury refrigerated cookie business. It discusses their market share and target consumers in Canada. Research showed Canadians prefer scratch baking but working mothers and kids' influence on purchases are opportunities. The recommended target is working mothers and kids. The brand message should highlight how Pillsbury saves time while providing homemade experience. This message could be communicated through kid-friendly packaging, personalization options, and ads showing time savings for busy mothers.
Launching Krispy Natural: Cracking the product management code Mayank Thar
It is the analysis of a Harvard Business School case about a company that initially failed to launch its product but then was able to relaunch it successfully.
The document summarizes the history and competition between Coca-Cola and Pepsi from 1886 to 2006. It discusses how each company was founded and grew initially. In the late 20th century, both experienced ups and downs as consumption levels fluctuated and they launched new products and diversified. Pepsi became more aggressive in adapting to trends like the rise of non-carbonated drinks, while Coke struggled with execution issues. By 2004, Pepsi had grown its portfolio beyond cola drinks and achieved higher market shares across categories through proactive strategies.
- Avellin, a motor oil manufacturer, wants to launch a new "green" motor oil called Eco7 made from recycled materials.
- A situational analysis including STP, SWOT, and BCG analyses was conducted to understand the market. The green motor oil market was growing but still nascent.
- Financial forecasts were made comparing the projected revenue and profits of Eco7 to conventional, synthetic blend, and full synthetic oils. Eco7 was projected to generate incremental revenue and profits.
The document discusses Zenith Electronics Corporation's marketing strategy for their HDTV. It addresses forecasting HDTV demand from 1992 to 2000 under pessimistic, most likely, and optimistic scenarios. It also examines factors to consider for market research strategies, such as aspect ratio analysis and analyzing price, promotion, product, and distribution preferences of consumers.
Global supply chain case study team8_submit v2Meghan Histand
The team selected design options and suppliers that balanced low production costs with flexibility. They split production between overseas and domestic suppliers. For forecasting, they averaged all forecasts rather than following the consensus. They set initial production slightly above forecasts and issued change orders when costs outweighed $2M adjustment fees. Investing in market research helped inform change orders. Overall, balancing costs and flexibility along with responsiveness to new data worked well.
SouthWest Airlines: In a different worldkaiwalyamisra
This document discusses Southwest Airlines' potential acquisition of gates and slots available at LaGuardia Airport following another airline ceasing operations. While operations managers were concerned about potential delays, the presentation recommends Southwest acquire the gates and slots. Doing so would allow Southwest to enter the large New York market and continue its growth. However, steps would need to be taken to isolate LaGuardia operations and prevent any delays from affecting Southwest's whole network. The presentation also examines how Southwest has maintained its success factors as it has expanded its operations and customer offerings in recent years.
This document provides information about the shoe brand Vans. It discusses Vans' target demographics, strengths as an established brand with a diverse product line and reputation, and weaknesses in penetrating the Indian market. The document also analyzes case studies of Vans stores in India, noting a lack of dedicated window displays and differentiation from other brands sold in the stores. Finally, concepts and a mood board are proposed for a Vans window display aimed at increasing the brand's popularity in India.
A group case study project as part of the Marketing Management Post-Graduate course work exploring the acquisition of Snapple by Quaker and then Triarc.
The document discusses the differences between plan-based and agile software development methods, considerations for adopting agile methods offshore, and evaluating adopting agile at Jharna Software. Key points include: plan-based is sequential and predictive while agile is incremental, iterative and adaptive; communication barriers and support from onsite/offshore teams are important considerations for agile offshore; benefits of agile for Jharna include improved estimation and responsiveness but challenges include overcoming cultural mindsets and communication barriers due to specialized teams across time zones.
The document provides background information on Crown Cork & Seal in 1989. It discusses the metal container industry structure, trends towards in-house manufacturing, plastics, glass, and aluminum cans. It also profiles Crown Cork & Seal's history, challenges under new leadership, competitors, and recommendations for entering plastics and acquiring Continental Can. Analysis includes a SWOT analysis, 5 forces analysis, value chain analysis, and corporate, business, and functional strategies.
Key Macro and Micro Indicators| Canada and USA| August 2020 and September 2020 paul young cpa, cga
This document provides an agenda and information on key macroeconomic and industry indicators for Canada and the United States. It includes sections on housing markets, commodities, manufacturing, construction, retail sales, GDP, durable goods and other metrics. Paul Young introduces himself as a CPA and expert on business, risk management, supply chain and public policy issues who can be contacted for analysis.
Ensuring that digital divides are bridged and that broadband networks and services attain the greatest national coverage and use is a priority for OECD governments. Policies to promote competition and private investment, as well as independent and evidence based regulation, have been tremendously effective in extending coverage. In doing so, they reduce the size of that segment of the market that requires alternative approaches to meet policy goals. In areas where market forces have not proven to be able to fulfil all policy objectives, such as in rural and remote areas, however, a range of further approaches are being used in OECD countries.
Lighting the way perspectives on global lighting market 2012skywonder97
The document provides an updated perspective on the global lighting market, noting that while the overall transition to LED lighting continues, recent macroeconomic volatility and accelerated LED price declines have impacted market forecasts. Specifically, the global lighting market is expected to reach $100 billion by 2020, over 5% lower than previously predicted, with the general lighting segment most affected at $83 billion, a $5 billion reduction. Meanwhile, LED adoption is still expected to rise significantly in general lighting to 45% in 2016 and 70% by 2020.
Australia Real Estate Market by Product Type, Distribution Channel, End User ...IMARC Group
The Australia real estate market size is projected to exhibit a growth rate (CAGR) of XX% during 2024-2032.
More Info:- https://www.imarcgroup.com/australia-real-estate-market
China smart home industry development prospect and investment opportunities r...Qianzhan Intelligence
This document provides an overview and analysis of the smart home industry in China. It discusses the development background and trends of the smart home industry, including an analysis of the economic, policy, technology, and social environments. It also examines the promotion status and development prospects of the domestic smart home industry in China, and compares China's progress to the development of international smart home industries in countries like the US, Korea, Japan, and Singapore. The document aims to help industry players better understand the latest trends in order to identify opportunities and risks.
The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
1) The document presents a pre-feasibility study for establishing a digital meter chip house in Islamabad.
2) The chip house will produce its own designs of digital meter chips and cater to the needs of WAPDA, electricity distribution companies, and customers.
3) The total projected cost of the project is Rs. 50 lacs, with Rs. 11.5 lacs as capital costs and Rs. 38.5 lacs as working capital. The project financing involves 50% debt and 50% personal investment.
Switchgear And Switchboard Apparatus Global Market Report 2018SainathMuntha1
Asia Pacific was the largest region in the switchgear and switchboard apparatus manufacturing market in 2017, accounting for 54% market share. Western Europe was the second largest region accounting for 33% market share.
Read More: https://www.thebusinessresearchcompany.com/report/switchgear-and-switchboard-apparatus-global-market-report-2018
This document provides an overview and summary of construction costs in Canada for 2017. It includes information on economic trends, housing starts, capitalization rates for major real estate asset classes, and average construction costs for various building types across Canadian regions. The document is intended to serve as a guide for construction cost estimating and benchmarking. It provides high-level context on Canadian economic conditions and cost benchmarks while noting that more specific analysis is required for accurate project cost forecasts.
The global Smart Lighting market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Lighting market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Container Homes Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and O...IMARC Group
The global container homes market size reached US$ 53.51 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.24 Billion by 2028, exhibiting a growth rate (CAGR) of 6.10% during 2023-2028.
More Info:- https://www.imarcgroup.com/container-homes-market
Report Link- https://www.cognitivemarketresearch.com/Hot-Tubs-Market-Report
Cognitive Market Research provides detailed analysis of Hot Tubs in our recently published report titled, "Hot Tubs 2022" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Hot Tubs market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Hot Tubs market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc.
#HotTubsReport #HotTubsMarket #HotTubsMarketForecast #HotTubsMarketStatus #HotTubsMarket2022
Report Link- https://www.cognitivemarketresearch.com/Hot-Tubs-Market-Report
Cognitive Market Research provides detailed analysis of Hot Tubs in our recently published report titled, "Hot Tubs 2021" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Hot Tubs market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Hot Tubs market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc.
#HotTubsReport
#HotTubsMarket
#HotTubsMarketForecast #HotTubsMarketStatus
#HotTubsMarket2021
This document is a market report on the global hot tubs market from 2021-2028 published by Cognitive Market Research. It provides an overview of the key players, market segments by type, end user, water capacity, and capacity. It analyzes market trends, drivers, restraints, opportunities, and forecasts revenue for the global and regional hot tubs markets. The report also examines COVID-19 impacts, manufacturing costs, marketing strategies, industrial chains, and downstream buyers.
Report Link- https://www.cognitivemarketresearch.com/Hot-Tubs-Market-Report
Cognitive Market Research provides detailed analysis of Hot Tubs in our recently published report titled, "Hot Tubs 2021" The market study focuses on industry dynamics including driving factors to provide the key elements fueling the current market growth. The report also identifies restraints and opportunities to identify high growth segments involved in the Hot Tubs market. Key industrial factors such as macroeconomic and microeconomic factors are studied in detail with help of PESTEL analysis in order to have a holistic view of factors impacting Hot Tubs market growth across the globe. Market growth is forecasted with the help of complex algorithms such as regression analysis, sentiment analysis of end-users, etc.
#HotTubsReport #HotTubsMarket #HotTubsMarketForecast #HotTubsMarketStatus #HotTubsMarket2021
Sustainability targets and a struggling housing market are negatively impacting affordable housing delivery in the UK. Tighter lending criteria, falling land and home values, and fewer buyers and sellers have reduced new housing starts. This loss of capacity threatens achieving government targets for affordable housing completion. Meeting sustainability requirements under the Code for Sustainable Homes will further increase costs at a time when development economics are already constrained. However, properly accounting for local housing needs and market conditions may allow projects to remain viable while still achieving sustainability goals.
Lighting the way perspectives on global lighting market 2011skywonder97
The document provides an overview of the global lighting market and its projected evolution over the next decade. Key points include:
- The lighting market is expected to grow to around EUR 110 billion by 2020, driven by population growth, urbanization, and concerns over energy efficiency and resource scarcity.
- LED technology is transforming the industry, with prices falling 30% annually and market share projected to rise dramatically to around 60% of the total lighting market by 2020.
- This transition to LED will disrupt the lighting industry across the entire value chain, as the technology differs fundamentally from previous light sources and new players enter the market.
- General lighting, at around 75% of the total market, will see
Lighting the Way - Perspectives on the Global Lighting Market (McKinsey 04-Ma...Patrick Smith
The global lighting market is projected to reach approximately EUR 110 billion by 2020. Population growth and urbanization are increasing lighting demand, while concerns over resource scarcity and climate change are driving technological advances in energy efficiency. General lighting accounts for around 75% of the total market currently and is expected to grow steadily. LED technology is transforming the industry, with LED market share projected to accelerate and reach close to 60% of the overall lighting market by 2020. The significant differences between LED and traditional lighting technologies will disrupt the industry along the entire value chain.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
The document provides an analysis of a potential buyout of Koss Corporation, an American company that invented the first high-fidelity stereo headphones. It summarizes Koss' business operations and financial performance, identifies opportunities for a private equity firm to improve operations and profitability, and models different scenarios for a leveraged buyout. The analysis concludes that a buyout represents a good investment opportunity due to Koss' strong brand name and patents, potential for cost cutting and improved management, and growth in the headphone market.
Mastering Local SEO for Service Businesses in the AI Era"" is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
The Secret to Engaging Modern Consumers: Journey Mapping and Personalization
In today's digital landscape, understanding the customer's journey and delivering personalized experiences are paramount. This masterclass delves into the art of consumer journey mapping, a powerful technique that visualizes the entire customer experience across touchpoints. Attendees will learn how to create detailed journey maps, identify pain points, and uncover opportunities for optimization. The presentation also explores personalization strategies that leverage data and technology to tailor content, products, and experiences to individual customers. From real-time personalization to predictive analytics, attendees will gain insights into cutting-edge approaches that drive engagement and loyalty.
Key Takeaways:
Current consumer landscape; Steps to mapping an effective consumer journey; Understanding the value of personalization; Integrating mapping and personalization for success; Brands that are getting It right!; Best Practices; Future Trends
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Conferences like DigiMarCon provide ample opportunities to improve our own marketing programs by learning from others. But just because everyone is jumping on board with the latest idea/tool/metric doesn’t mean it works – or does it? This session will examine the value of today’s hottest digital marketing topics – including AI, paid ads, and social metrics – and the truth about what these shiny objects might be distracting you from.
Key Takeaways:
- How NOT to shoot your digital program in the foot by using flashy but ineffective resources
- The best ways to think about AI in connection with digital marketing
- How to cut through self-serving marketing advice and engage in channels that truly grow your business
In this dynamic session titled "Future-Proof Like Beyoncé: Syncing Email and Social Media for Iconic Brand Longevity," Carlos Gil, U.S. Brand Evangelist for GetResponse, unveils how to safeguard and elevate your digital marketing strategy. Explore how integrating email marketing with social media can not only increase your brand's reach but also secure its future in the ever-changing digital landscape. Carlos will share invaluable insights on developing a robust email list, leveraging data integration for targeted campaigns, and implementing AI tools to enhance cross-platform engagement. Attendees will learn how to maintain a consistent brand voice across all channels and adapt to platform changes proactively. This session is essential for marketers aiming to diversify their online presence and minimize dependence on any single platform. Join Carlos to discover how to turn social media followers into loyal email subscribers and ultimately, drive sustainable growth and revenue for your brand. By harnessing the best practices and innovative strategies discussed, you will be equipped to navigate the challenges of the digital age, ensuring your brand remains relevant and resonant with your audience, no matter the platform. Don’t miss this opportunity to transform your approach and achieve iconic brand longevity akin to Beyoncé's enduring influence in the entertainment industry.
Key Takeaways:
Integration of Email and Social Media: Understanding how to seamlessly integrate email marketing with social media efforts to expand reach and reinforce brand presence. Building a Robust Email List: Strategies for developing a strong email list that provides a direct line of communication to your audience, independent of social media algorithms. Data Integration for Targeted Campaigns: Leveraging combined data from email and social media to create personalized, targeted marketing campaigns that resonate with the audience. Utilization of AI Tools: Implementing AI and automation tools to enhance efficiency and effectiveness across marketing channels. Consistent Brand Voice Across Platforms: Maintaining a unified brand voice and message across all digital platforms to strengthen brand identity and user trust. Proactive Adaptation to Platform Changes: Staying ahead of social media platform changes and algorithm updates to keep engagement high and interactions meaningful. Conversion of Social Followers to Email Subscribers: Techniques to encourage social media followers to subscribe to email, ensuring a direct and consistent connection. Sustainable Growth and Minimized Platform Dependence: Strategies to diversify digital presence and reduce reliance on any single social media platform, thereby mitigating risks associated with platform volatility.
In today's digital world, customers are just a click away. "Grow Your Business Online: Introduction to Digital Marketing" dives into the exciting world of digital marketing, equipping you with the tools and strategies to reach new audiences, expand your reach, and ultimately grow your business.
website = https://digitaldiscovery.institute/
address = C 210 A Industrial Area, Phase 8B, Sahibzada Ajit Singh Nagar, Punjab 140308
In the digital age, businesses are inundated with tools promising to streamline operations, enhance creativity, and boost productivity. Yet, the true key to digital transformation lies not in the accumulation of tools but in strategically integrating the right AI solutions to revolutionize workflows. Join Jordache, an experienced entrepreneur, tech strategist and AI consultant, as he explores essential AI tools across three critical categories—Ideation, Creation, and Operations—that can reshape the way your business creates, operates, and scales.This talk will guide you through the practicalities of selecting and effectively using AI tools that go beyond the basics of today’s popular tools like ChatGPT, Claude, Gemini, Midjourney, or Dall-E. For each category of tools, Jordache will address three crucial questions: What is each tool? Why is each one valuable to you as a business leader? How can you start using it in your workflow? This approach will not only clarify the role of these tools but also highlight their strategic value, making it perfect for business leaders ready to make informed decisions about integrating AI into their workflows.
Key Takeaways:
>> Strategic Selection and Integration: Understand how to select AI tools that align with your business goals and how to conceptually integrate them into your workflows to enhance efficiency and innovation.
>> Understanding AI Tool Categories: Gain a deeper understanding of how AI tools can be leveraged in the areas of ideation, creation, and operation—transforming each aspect of your business.
>> Practical Starting Points: Learn how you can start using these tools in your business with practical tips on initial steps and integration ideas.
>> Future-Proofing Your Business: Discover how staying informed about and utilizing the latest AI tools and strategies can keep your business competitive in a rapidly evolving digital landscape.
In the face of the news of Google beginning to remove cookies from Chrome (30m users at the time of writing), there’s no longer time for marketers to throw their hands up and say “I didn’t know” or “They won’t go through with it”. Reality check - it has already begun - the time to take action is now. The good news is that there are solutions available and ready for adoption… but for many the race to catch up to the modern internet risks being a messy, confusing scramble to get back to "normal"
Can you kickstart content marketing when you have a small team or even a team of one? Why yes, you can! Dennis Shiao, founder of marketing agency Attention Retention will detail how to draw insights from subject matter experts (SMEs) and turn them into articles, bylines, blog posts, social media posts and more. He’ll also share tips on content licensing and how to establish a webinar program. Attend this session to learn how to make an impact with content marketing even when you have a small team and limited resources.
Key Takeaways:
- You don't need a large team to start a content marketing program
- A webinar program yields a "one-to-many" approach to content creation
- Use partnerships and licensing to create new content assets
We’ve entered a new era in digital. Search and AI are colliding, in more ways than one. And they all have major implications for marketers.
• SEOs now use AI to optimize content.
• Google now uses AI to generate answers.
• Users are skipping search completely. They can now use AI to get answers. So AI has changed everything …or maybe not. Our audience hasn’t changed. Their information needs haven’t changed. Their perception of quality hasn’t changed. In reality, the most important things haven’t changed at all. In this session, you’ll learn the impact of AI. And you’ll learn ways that AI can make us better at the classic challenges: getting discovered, connecting through content and staying top of mind with the people who matter most. We’ll use timely tools to rebuild timeless foundations. We’ll do better basics, but with the most advanced techniques. Andy will share a set of frameworks, prompts and techniques for better digital basics, using the latest tools of today. And in the end, Andy will consider - in a brief glimpse - what might be the biggest change of all, and how to expand your footprint in the new digital landscape.
Key Takeaways:
How to use AI to optimize your content
How to find topics that algorithms love
How to get AI to mention your content and your brand
Dive deep into the cutting-edge strategies we're employing to revolutionize our web presence in the age of AI-driven search. As Gen Z reshapes the digital realm, discover how we can bridge the generational divide. Unlock the synergistic power of PPC, social media, and SEO, driving unparalleled revenues for our projects.
This session will aim to comprehensively review the current state of artificial intelligence techniques for emotional recognition and their potential applications in optimizing digital advertising strategies. Key studies developing AI models for multimodal emotion recognition from videos, images, and neurophysiological signals were analyzed to build content for this session. The session delves deeper into the current challenges, opportunities to help realize the full benefits of emotion AI for personalized digital marketing.
The Forgotten Secret Weapon of Digital Marketing: Email
Digital marketing is a rapidly changing, ever evolving industry--Influencers, Threads, X, AI, etc. But one of the most effective digital marketing tools is also one of the oldest: Email. Find out from two Houston-based digital experts how to maximize your results from email.
Key Takeaways:
Email has the best ROI of any digital tactic
It can be used at any stage of the customer journey
It is increasingly important as the cookie-less future gets closer and closer
Customer Experience is not only for B2C and big box brands. Embark on a transformative journey into the realm of B2B customer experience with our masterclass. In this dynamic session, we'll delve into the intricacies of designing and implementing seamless customer journeys that leave a lasting impression. Explore proven strategies and best practices tailored specifically for the B2B landscape, learning how to navigate complex decision-making processes and cultivate meaningful relationships with clients. From initial engagement to post-sale support, discover how to optimize every touchpoint to deliver exceptional experiences that drive loyalty and revenue growth. Join us and unlock the keys to unparalleled success in the B2B arena.
Key Takeaways:
1. Identify your customer journey and growth areas
2. Build a three-step customer experience strategy
3. Put your CX data to use and drive action in your organization
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1.0 EXECUTIVE SUMMARY
XYZ A.S. is leading company in wire and cable industry producing copper
telecommunication cable, fiber optic cable, power cable, high voltage power cables, overhead
line conductor and enamelled wire. XYZ A.S. established in 19XX and exports their products
to more than 130 countries.
XYZ is already the market leader or one of the third company of wire and low voltage
power cable business in Turkey, Middle East, Central Asia, the Caucasus and Eastern
European countries. XYZ aims to continue its leadership with also terminating its own low
voltage power cable with smart home and office productions and other equipment after ABC
acquisition.
ABC established in 19XX and it aims at meeting with consumer needs and demands
under world standards. ABC products are switch socket series, cable trays and accessories,
wine vending boxes, PVC fireproof cables, halogen free cables, polyethylene pipes, steel and
insulated cables, signal fixtures and lighting fixtures. It exports their products to more than 60
countries.
ABC’s mission is ”In line with the changing dynamics of country, ABC keeps
customer satisfaction in the forefront, technology continuously monitors and provides
services for new projects in this direction.” ABC’s mission helps us to understand that XYZ’s
acquisition decision with ABC will be great opportunity to gain technology-based
improvement for both sides.
2.0 SITUATION ANALYSIS
Growth rate of luxury house selling (selling prices are between 212.300 USD and
865.820 USD) is 8.5% compared to the previous year. Also, payment methods of luxury
house buying show us that those customers in this segmentation have high incomes (Figure 1:
42% of payment method is down-payment).
Figure 1 Payment Methods of Buying Houses in Sales (Source: REIDIN-GYODER)
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According to VALS™ Framework, customers of these houses can be correlated with
“Innovator” and “Thinkers”. On the other hand, middle-segment house price (selling prices
are between 50.000 USD and 212.300 USD) growth continues and it can be correlated with
“Believers” according to VALS™ Framework. For all these segmentation, construction
companies must use smart home technologies to differentiate their houses and satisfy their
customers’ need.
2.1 Market Summary
According to Figure 2, construction industry continued to expand quicker than the
entire Turkish economy until last quarter of 2014. In 2015, chaotic political environment
because of uncertainty after general election on June 2015 caused the decreasing of public
and private sector expenditures dramatically.
Figure 2: Growth on Turkish Economy and Construction Sector (Source: TÜİK)
In Turkey, private sector construction expenditures are 25 billion USD in the first nine
months of 2015. On the other hand, public sector construction expenditures are 15.5 billion in
the first nine months of 2015. Turkish GDP growth rate is expected to growth 4.5 percent in
2016. Moreover, private sector investments are expected to increase 8.0 percent in 2016 in
Turkey. Moreover, in the World, US construction expenditures are at new record level in
November, EU construction expenditures increased 2.1 percent in November of 2015.
According to TÜİK data, 1.165 million houses were sold in 2014, this figure increased
11% to nearly 1.24 million. 46% of total sales in 2015 were new houses. On the other hand,
house sales to foreigners increased 20.4 percent in 2015 compared to the previous year.
According to Central Bank data, property sales to foreigners including houses reached 4.3
billion USD. Nearly 23.000 houses were sold to foreigners in 2015. Among foreigners, those
of Middle Eastern origin bought the most in Turkey (Figure 3).
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Figure 3: Foreigners’ House Purchasing in Turkey in 2015 (Source: TÜİK)
Target Markets are as follow:
1- New Luxury House and Villa Projects (in short term)
2- New Middle-Segment House Projects (in short term)
3- Existing Middle Segment Houses (in short term)
4- Other Commercial Buildings (in long term)
5- Hotels etc. (in long term)
2.1.1 Market Demographics
The profile for the typical XYZ Home customer consists of the following geographic,
demographics, and behaviour factors:
Geographic:
There are approximately 60 luxury house projects in İstanbul; seven projects in İzmir
and Ankara according to Journal of Mimarlar Marka Projeler, March-April 2016 (see more
details on Appendix A). So that main target geographic areas are these cities. For middle-
segment house projects, all cities of Turkey have great potential. The number of medium-
segment house projects increase in 2016 because of high land cost and construction cost on
luxury house projects.
COUNTRY TOTAL
IRAQ 4.228
SAUDI ARABIA 2.704
KUWAIT 2.130
RUSSIA 2.036
UNITED KINGDOM 1.054
GERMANY 869
AZERBAIJAN 815
IRAN 744
AFGHANISTAN 656
UKRAINE 608
SWEDEN 541
KAZAKHSTAN 540
NORWAY 453
LIBYA 427
UNITED ARAB EMIRATES 332
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Also, Middle East, Central Asia, the Caucasus and Eastern European countries will be
next target geographic area after first three years.
Demographics & Behaviour Factors:
XYZ Home has no set demographic target, but annual gross earnings of higher
educational employees have enough budget, knowledge and environmental concern, and they
create intensive market for smart home technologies.
Educational attainment
The distribution of employees Annual gross earnings
(%) Average (TL)
TOTAL
YEAR 2006 2010 2014 2006 2010 2014
Higher education 22,4% 30,6% 29,44% 30.775 ₺ 40.733 ₺ 61.407 ₺
Figure 4: Annual gross earnings ofemployees worked and paid for the whole year (12 months)
by educational attainment (Source: TÜİK)
2.1.2 Market Needs
XYZ Home plans to supply the customer-centered products to fulfill the following
benefits that make easier, safer and smarter:
Convenience: Consumers need the latest technology to home automation-seeking consumers.
Several years ago, consumers controlled their systems with a wall control panel. Today,
consumers use smartphones and other devices to control lighting and all automations with
these mobile devices inside their homes, but also from anywhere in the world.
Efficiency: Consumer also needs energy conversation. For instance, by automating lighting
controls, consumers can also save a significant amount of energy. LED lamps drop energy use
from 60W per lamp to 6W per lamp.
Another example is about air conditioning. From a remote location, customers can set
temperature within their homes. Rather than running their air conditioning at full blast, they
can knock down the temperature by a few degrees and trim down their electric bill.
Security: Effective security is crucial both to protect information and to guard against the
potential abuse of smart home technologies.
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2.1.3 Market Trends
Implementation of smart home technologies is not new for luxury villas and homes.
But we can describe it as emerging market for middle-segment houses. Moreover, new market
trends create opportunities not only for suppliers but also customers. People are now more
willing to accept technologies participating and shaping their daily life. Ambient intelligence
(AmI) is an emerging discipline that brings intelligence to our everyday environments and
makes those environments sensitive to us. The basic idea behind AmI is that by enriching an
environment with technology (mainly sensors and devices interconnected through a network),
a system can be built to take decisions to benefit the users of that environment based on real-
time information gathered and historical data accumulated.
Figure 5: Home Automation Evolution: Past, Present and Future (Source: BSRIA)
2.1.4 Market Growth
The smart home market is expected to grow from 46.97 Billion USD in 2015 to
121.73 Billion USD by 2022, at a CAGR (Compound Annual Growth Rate) of 14.07%
between 2016 and 2022. According to BSRIA studies, Turkey is one of the emerging market
for smart home technologies. Other countries are follow: China, Netherland, North America,
Russia, Spain, Sweden, Germany, France, UK, Italy, Poland, and other European countries.
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2.2 SWOT Analysis
The following SWOT analysis captures the key strengths and weaknesses within the
company and describes the opportunities and threats facing XYZ Home.
2.2.1 Strengths
Strong Financial Resource: In 2015, total of domestic sales and export sales of XYZ
Kablo is 1.235.663.519,54 TL. Percentage of export sales is 25 %. Profit for 2015
financial year is 15.107.237,27 TL. There is no information about ABC.
Customer Loyalty: “XYZ Kablo” has strong customer loyalty and good reputation
among consumers which helps improving of “XYZ Home” brand.
Strong Technical and Commercial Background: XYZ Kablo is one of the significant
manufacturers for energy cable and fiber optic cables. XYZ Kablo has also 55
registered sales points in 22 cities.
International Partnership Experience: XYZ Kablo and XYZ Kablo’s sister companies
(some Executive Board members are the same in these companies) has international
partnership experience such as GHI, Inc. and DEF, Inc etc.
2.2.2 Weaknesses
Lack of Experience on Smart Home Technologies: This market is new for XYZ Kablo
and ABC.
Weak Market Image on Smart Home Technologies: Two companies are passive
component side for this market.
2.2.3 Opportunities
Fragmented & nascent market and confused consumers: Fragmented & nascent
market causes confused consumer and it will be opportunity. In Turkish market, only
Makel is player and its experience is not more than one year.
Environmental Awareness: The universal concept of an energy management driven
smart home could include the use of solar, wind/or other renewable energy sources
with an intelligent power consumption mechanism for the electric appliances placed
inside home. Half of the energy consumption in homes comes from electricity. Smart
home answers with energy saving applications.
2.2.4 Threats
Changing on technology and buyer wishes: This market is similar problems with high-
tech market. XYZ Home must create early adaptors which are followed by mass
consumers.
Possible Security Problems: Consumers always consider that hackers violate privacy
and security of the smart homes.
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2.3 Competition
The major companies in the smart home market that declared in Markets and Markets
report are Honeywell International Inc. (U.S.), Legrand (France), Ingersoll-Rand plc.
(Ireland), Johnson Controls Inc. (U.S.), Schneider Electric SE (France), Siemens AG
(Germany), ABB Ltd. (Switzerland), Acuity Brands, Inc. (U.S.), United Technologies
Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Nest Labs, Inc. (U.S.), and
Crestron Electronics, Inc. (U.S.).
Some of these companies have operations in Turkey directly such as ABB
(http://new.abb.com/tr/en), Legrand (http://www.legrand.com.tr) and Johnson Controls
(http://www.johnsoncontrols.com/global-capabilities/buildings/turkey) etc. or through strong
distributor channels. Their presences in global market for a long time is also their the most
important advantage against XYZ Home.
In domestic market, global players are more active, there are also Turkish
manufacturer companies as following: AYPRO, EAE, EMT, Makel, Punica, TEKNOS,
VIDEOCOM, VIKO, and Yönnet. The local competitors have not long-term experiences in
this market.
2.4 Production Offering
There is no sharp classification on smart home market, but XYZ Home focuses on
four common areas of home appliance: Energy Effiency and Management; Health Care;
Entertainment; and Security. XYZ home products aims to conform to international KNX
standards which are standardized in EN 50090 and ISO/IEC 14543.
The “KNX” was founded by EIBA ( European Installation Bus Association), EHSA
(European Home Systems Association), and BCI (BatiBUS Club International) in 1991.
KNX, which is networking of electrical installations for home or building automation, is a
non-profit-oriented organization governed by Belgian Law.
Moreover, KNX members are manufacturers developing devices for several
applications for home and building control based on KNX like lighting control, shutter
control, heating, ventilation, air conditioning, energy management, metering, monitoring,
alarm/intrusion systems, household appliances, audio/video and lots more. Some KNX
manufacturer members are ABB, Agilent, Bosch, Electrolux, Hager, Legrand, Merten,
Moeller, Schneider etc.
There are many advantages using KNX based products. The most important reason
using KNX products is the conventional solution has many separate installations, segregated
functionality, little flexibility. On the other hand, the intelligent solution KNX has one
system, one standard, many interconnected functions for maximum flexibility.
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Figure 6: The Conventional Solution versus the Intelligent Solution by KNX (Source: ABB)
Moreover, Germany declared DIN V 18599 standard in 2011 which allows for
comparing building service system approaches (construction, heating, cooling, ventilation,
air-conditioning and lighting technologies) under standard conditions. According to standard,
existing non-residential, existing residential buildings with more than 4 residential units,
planned & new building non-residential or residential constructions can be certified on the
basis of measured energy use. In the future, results of this standard will be subject of one of
the possible chapter on accession of Turkey to the EU in long-term perspective.
2.5 Keys to Success
XYZ Home aims to be local leader company in three years and then aims to be one of
the global player in five-seven years in this market. Fast solution-based 24/7 customer service
and pioneer ambient intelligence (AmI) applications in local market in the future can ensure
total customer experience.
2.6 Critical Issues
The critical issues of XYZ Home are as follow:
Customer loyalty helps to gain confused consumers in fragmented & nascent market.
International partnership experiences help to XYZ Home’s acquisition with ABC and
KNX organization.
Lack of experience on smart home technologies will be reason to not respond quickly
to changing on technology and buyer wishes.
3.0 MARKETING STRATEGY
3.1 Mission
XYZ Home’s mission is to create strong ties with its customers and employees. XYZ
Home’s mission is that “Being global company for smarter, easier and safer living areas with
environmentally-friendly solutions.”
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3.2 Marketing Objectives
XYZ Home focuses to specific and measurable marketing objectives as follow:
Create the corporate culture with internal workshops for all employees from each
department to gain a market-focused perspective. Another option is that shifting
working areas between departments which have more connection with customers as
sales, marketing, public relations etc. and departments which have less connection
with customers as production, accounting, human resources etc. for a couple of days to
understand each other and, of course, customer needs. Small operation shifts after
analysing of employee’s opinions in this experience can add up to significant
improvements.
Convince not only employees but also customers to XYZ Home’s mission values as
“global brand”, “smarter”, “easier” and “safety” in first three years.
3.3 Financial Objectives
XYZ Home will also add value to company financial statement. Products in smart
home market have higher and more profitable sales prices comparing with energy cables, and
another advantage is that they have low costs. As a result, gross profit in income statement
will increase and company will have strong funds provided from its operations because of
relatively low costs.
XYZ Home will invest more research and development (R&D) funds to sustain the
technological leadership. Because of R&D and initial marketing activities costs, 15%-20%
profitability will be reachable target for XYZ Home in first three years.
3.4 Target Markets
XYZ Home focuses on core regions as Istanbul, Ankara, Izmir and Kayseri firstly and
then other cities which its population is more than one million. These are 20 cities and their
total population are 52.512.180 according to TÜİK information. But, main target group is
educated customers who have medium-level and high-level incomes. Annual gross earnings
of higher educational employees have enough budget, knowledge and environmental concern,
and they create intensive market for smart home technologies. The percentage of educated
employees in Turkey is 29.44% in all employees and their gross earnings are enough to invest
to smart home market.
According to VALS™ Framework, customers of these houses can be correlated with
“Innovator” and “Thinkers”. On the other hand, middle-segment house price (selling prices
are between 50.000 USD and 212.300 USD) growth continues and it can be correlated with
“Believers” according to VALS™ Framework. For all these segmentation, construction
companies must use smart home technologies to differentiate their houses and satisfy their
customers’ need.
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3.5 Positioning
For smart home market which customers need user-friendly, smarter and safer
products. XYZ Home-KNX oriented products meet this needs. Unlike Makel as local
competitor, XYZ Home will have 24/7 customer services as online, phone, applications on
Google Play and App Store, and in-place service. XYZ Home has strong electrical contracting
networks and it will be great opportunities in the growing smart home sector.
3.6 Strategies
XYZ Home strategy, tactics and program are defined on graphic below:
3.7 Marketing Program
XYZ Home is comprised of the following approaches:
MISSION
«Being global companyfor smarter, easier and safer
living areaswith environmentally-friendlysolutions»
STRATEGY
Creating of customer loyalty in growing smart home sector
Marketing Strategy
To create customer awareness and
brand as «XYZ Home» at the same
time,
Production Strategy
To produce quality products
which is not damaged the XYZ
brand
Training Strategy
To train skilled expert for smart
home sector
R&D Strategy
To improve new products and
train skilled professionals who are
respected by KNX society
Agree with design office for
corporate identity including
new logo, product design,
product boxes etc.
Agree with public relations
and advertising office for
advertising on social media,
TV, radio, airport, sport
centers etc.
Creating the production
teams for each segment
(standard lighting accessories,
KNX based products etc.)
from XYZ Kablo and ABC
partners.
Agree with design office for
corporate identity inclusing
new logo, product design,
product boxes etc.
Build the demonstration
home to use all productions
which produced or under
developing products to train
near Mutluısan facility.
Build “XYZ Home Academy” in
Istanbul for local partners in
first year and to tailor for
global partner after three
years.
Build the demonstration
home to use all productions
which produced or under
developing products to train
near Mutluısan facility.
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Product (which is KNX-based products); price (pricing will not be more expensive than
global player’s prices but it will be more expensive than local competitors because of XYZ
brand position); place (XYZ Kablo and ABC strong distributor chains will be great
opportunity for XYZ Home); promotion (XYZ Home will start with informative advertising
campaign in first year such as first scenario that a family is in airport and they begin to
discuss about iron on plug-in or not; second scenario that how people reduce their electric bill
costs up to 30%-40% etc. )
XYZ Home will consider Product Life Cycle(Figure 7) on its marketing activities )
and service (we give more information about 24/7 service on 3.5 Positioning).
Figure 7: Promotion Through PLC (Source: www.learnmarketing.com)
3.8 Marketing Research
XYZ Home needs environmental awareness survey and market forecast reports,
market share reports, market trends report, and customer surveys on regular basis. In first
three year, core regions (Istanbul, Ankara and İzmir) will be subject for surveys.
4.0 FINANCIALS
XYZ Home needs more than US$ 1 million in first one and half years as investment.
Smart Home is new for Turkish market and there is no data to compare XYZ Home budget or
determine break-even point. According to US market analysis, market is expected to grow
14,07%.
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Moreover, break-even point will be reached in first three years. Product profitability
should be more than 15%-20%.
5.0 CONTROLS
This section aims to track result of XYZ Home Strategy for a short period (for a
month), a mid-term (for a quarter) and finally long-term (for a year) such as performance to
the goals and budget expectations; monitor development in the internal and external
environments. Controls will be able to give a chance to modify XYZ Home marketing plan as
necessary. Reports mentioned below will be prepared with common working of departments:
Weekly/Monthly/Quarterly Sales Report;
R&D Report for New Production Development Process;
Monthly Customer Expectations Report;
Reports from Service Point.
5.1 Implementations
XYZ Home has following marketing plan implementation schedule:
MILESTONES
Milestone Start Date End Date Budget Department
Acquisition Process of ABC September 2016 December 2016 Not Declared Board of Directors
Preparing of Marketing Plan January 2017 March 2017 0 $ Marketing
Hire Employees as R&D Manager for Smart Home Technology April 2017 April 2017 0 $ Human Resources
KNX Membership April 2017 April 2017 3.600 $ R&D Department
New Logo Design and Corporate Identify Studies April 2017 April 2017 40.000 $ Marketing
Website April 2017 November 2017 32.700 $ Marketing
Building of XYZ Home Demonstration Center in Istanbul April 2017 December 2017 150.000 $ Marketing + R&D
Hire Employees such as Sales Persons etc. January 2018 January 2018 0 $ Human Resources
Service Place in Istanbul, Ankara, Izmir January 2018 February 2018 120.000 $ Marketing
Advertising on Prime Time on TV, Social Media etc. January 2018 February 2018 550.000 $ Marketing
Sponsorship to Elite Sport Organization and Attend Trade
Fair
January 2018 December 2018 120.000 $ Marketing
Totals 1.016.300 $
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5.2 Marketing Organization
XYZ Kablo’s Marketing Manager will be responsible for the marketing activities.
5.3 Contingency Planning
Due to nature of smart home market, there are too many risks such as internally and
externally. XYZ Home must be ready for all crises such as network privacy, strong massive
cyberattack etc. XYZ Home will organise crises management courses from each department
and prepare master plan for each type crises. Unsuccessful implementations during crises
period, they damage not only to XYZ Home brand, but also to XYZ Kablo and ABC brands.
So that, XYZ Home Crises Desk will meet and issue first press brief within 12 hours in XYZ
Home’s website, social media etc. to prevent information pollution. PR Manager will be
coordinator of XYZ Home Crises Desk.
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APPENDIX A (Source: Journal of Mimarlar Marka Projeler, March-April 2016 )
PROJECT NAME CITY
LOWEST
PRICE
HIGHEST
PRICE
LOCATION
1 5.LEVENT ISTANBUL 450.000 ₺ 1.650.000 ₺ ALIBEYKOY
2 ANTASYA ISTANBUL 540.000 ₺ 900.000 ₺ UMRANIYE
3 ANTPLATO ISTANBUL 401.000 ₺ 1.033.000 ₺ HALKALI
4 AVLU KURTKOY ISTANBUL 233.000 ₺ 561.000 ₺ KURTKOY
5 AVRUPARK BAHCEKENT ISTANBUL 204.000 ₺ 534.000 ₺ BAHCEKENT
6 AVRUPA KONUTLARI KALE ISTANBUL 641.000 ₺ 1.824.000 ₺ TOPKAPI
7 AYDOS COUNTRY ISTANBUL 264.550 ₺ 1.200.000 ₺ SANCAKTEPE
8 BAHCEKENT FLORA ISTANBUL 218.000 ₺ 496.000 ₺ BAHCEKENT
9 BALANCE GUNESLI ISTANBUL 436.000 ₺ 1.300.000 ₺ GUNESLI
10 BATI MAHAL ISTANBUL 2.492.000 ₺ 3.752.000 ₺ BUYUKCEKMECE
11 BATISEHIR ISTANBUL 276.000 ₺ 2.175.000 ₺ BAGCILAR
12 BULVAR ISTANBUL ISTANBUL 400.000 ₺ 1.000.000 ₺ AYAZMA
13 CIFTCI TOWER ISTANBUL 5.933.000 ₺ 21.148.000 ₺ BESIKTAS
14 CUKUROVA BALKON ISTANBUL 250.000 ₺ 1.200.000 ₺ KARTAL
15 DAP VADISI ISTANBUL 465.000 ₺ 1.300.000 ₺ KAGITHANE
16 DEKAR ASMALI BAHCELER ISTANBUL 570.000 ₺ 1.021.000 ₺ BAHCESEHIR
17 DEMIR LA VIDA ISTANBUL 375.000 ₺ 1.450.000 ₺ BUYUKCEKMECE
18 DKY KARTAL ISTANBUL 490.000 ₺ 2.350.000 ₺ KARTAL
19 DUMANKAYA HI-FIT ISTANBUL 190.000 ₺ 500.000 ₺ BAHCESEHIR
20 DUMANKAYA MOZAIK ISTANBUL 193.000 ₺ 587.000 ₺ SANCAKTEPE
21 EGE YAKASI ISTANBUL 580.000 ₺ 849.000 ₺ HALKALI
22 ELYSIUM ELIT KOSUYOLU ISTANBUL 985.000 ₺ 5.750.000 ₺ KADIKOY
23 EMAAR SQUARE ISTANBUL 750.000 ₺ 18.000.000 ₺ CAMLICA
24 FLEX OFFICE BAHCESEHIR ISTANBUL 173.000 ₺ 550.000 ₺ BAHCESEHIR
25 FORTIS ISTANBUL ISTANBUL 287.000 ₺ 467.000 ₺ BASIN EKSPRESS
26 G-YOO INSPIRED BY STARCK ISTANBUL 360.000 ₺ 720.000 ₺ GUNESLI
27 GOL PANORAMA EVLERI ISTANBUL 299.000 ₺ 899.000 ₺ BAHCESEHIR
28 INISTANBUL GALA ISTANBUL 320.000 ₺ 1.800.000 ₺ TOPKAPI
29 ISTANBUL MARINA ISTANBUL 400.000 ₺ 1.350.000 ₺ KARTAL
30 ISTANBUL PRESTIJ PARK ISTANBUL 180.000 ₺ 450.000 ₺ ESENYURT
31 KILIA SILE KONAKLARI ISTANBUL 650.000 ₺ 2.000.000 ₺ SILE
32 KOY ISTANBUL 550.000 ₺ 6.000.000 ₺ ZEKERIYAKOY
33 LARUS LOFT ISTANBUL 735.000 ₺ 2.370.000 ₺ GOKTURK
34 LOFT UP ISTANBUL 715.000 ₺ 121.800 ₺ ATASEHIR
35 LOKUM EVLER ISTANBUL 177.000 ₺ 450.000 ₺ TUZLA
36 MAANAA ETILER 34 ve49 ISTANBUL 347.000 ₺ 563.000 ₺ ETILER
37 MANZARA ADALAR ISTANBUL 408.000 ₺ 1.556.000 ₺ KARTAL
38 MASLAK 1453 ISTANBUL 571.000 ₺ 3.164.000 ₺ MASLAK
17. ”World Quality for Smart Home”
16
PROJECT NAME CITY
LOWEST
PRICE
HIGHEST
PRICE
LOCATION
39 METROPOL ISTANBUL ISTANBUL 437.000 ₺ 1.890.000 ₺ ATASEHIR
40 METSAN NEXUS ISTANBUL 340.000 ₺ 2.530.000 ₺ KARTAL
41 MIRAGE REZIDANS ISTANBUL 350.000 ₺ 1.350.000 ₺ GUNESLI
42 MOMENT ISTANBUL ISTANBUL 295.000 ₺ 1.440.000 ₺ KARTAL
43 MON REVE EYUP ISTANBUL 619.000 ₺ 2.500.000 ₺ EYUP
44
MUHTESEM YENI YUZYIL
KONAKLARI ISTANBUL 500.000 ₺ 1.500.000 ₺ GOZTEPE
45 NEF ATAKOY 22 ISTANBUL 1.272.000 ₺ 4.491.000 ₺ ATAKOY
46 NLOGO ISTANBUL ISTANBUL 142.000 ₺ 750.000 ₺ ESENYURT
47 NUROL LIFE ISTANBUL ISTANBUL 880.000 ₺ 5.300.000 ₺ SEYRANTEPE
48 NUROL PARK GUNESLI ISTANBUL 412.000 ₺ 1.437.000 ₺ GUNESLI
49 ORYAPARK ISTANBUL 527.000 ₺ 1.550.000 ₺ UMRANIYE
50 QUASAR ISTANBUL ISTANBUL 585.000 ₺ 2.200.000 ₺ SISLI
51 SEA PEARL ISTANBUL 1.500.000 ₺ 6.160.000 ₺ ATAKOY
52 SEYRAN SEHIR ISTANBUL 478.000 ₺ 1.300.000 ₺ KAYASEHIR
53 SKYLAND ISTANBUL ISTANBUL 545.000 ₺ 3.836.000 ₺ SEYRANTEPE
54 SUR YAPI ILKBAHAR ISTANBUL 285.000 ₺ 950.000 ₺ SULTANBEYLI
55 TEMA ISTANBUL ISTANBUL 384.000 ₺ 1.192.000 ₺ ATAKENT
56
THE ADDRESS RESIDENCE
ISTANBUL ISTANBUL 1.666.000 ₺ 5.415.000 ₺ CAMLICA
57
THE HOUSE RESIDENCE
BOMONTI ISTANBUL 560.000 ₺ 3.000.000 ₺ BOMONTI
58 TORUN CENTER ISTANBUL 1.820.000 ₺ 10.587.000 ₺ SISLI
59 VIA/PORT VENEZIA ISTANBUL 617.000 ₺ 1.800.000 ₺ GAZIOSMANPASA
60 YENITEPE ISTANBUL ISTANBUL 504.000 ₺ 1.629.000 ₺ KADIKOY
AVERAGE 637.109 ₺ 2.597.463 ₺
PROJECT NAME CITY
LOWEST
PRICE
HIGHEST
PRICE
LOCATION
1 MESA KOZA 66 ANKARA 567.000 ₺ 1.148.000 ₺ GAZIOSMANPASA
2 MARINA ANKARA ANKARA 330.000 ₺ 2.193.000 ₺ CANKAYA
3 SINPAS ALTINORAN ANKARA 327.000 ₺ 3.500.000 ₺ CANKAYA
4 EGE PARLA IZMIR 735.000 ₺ 1.722.000 ₺ KONAK
5 KAVUKLAR BORNOVA IZMIR 180.000 ₺ 650.000 ₺ BORNOVA
6 SEA HOMES IZMIR 1.000.000 ₺ 1.900.000 ₺ CESME
7
SEVILLA KEKLIKTEPE
VILLALARI IZMIR 3.000.000 ₺ 3.000.000 ₺ URLA
AVERAGE 877.000 ₺ 2.016.143 ₺
18. ”World Quality for Smart Home”
17
BIBLIOGRAPHY
Websites:
www.turkstat.gov.tr
www.makel.com.tr
www.marketsandmarkets.com
www.gyoder.org.tr
www.bsria.co.uk
www.knx-gebaeudesysteme.de
www.imsad.org
Journal:
Journal of Mimarlar Marka Projeler, Devam Eden Projeler, March-April 2016.
Jorunal of EC&M, Six Strategies to Succeed in the Smart Home Market, February 2016.
Article:
Tiago D.P. Mendes, Smart Home Communication Technologies and Applications, Journal of
Energies, 2015.