This document discusses Porter's competitive strategies. It defines competitive advantage as a distinguishing characteristic that makes a company better than its competitors. For a characteristic to be a competitive advantage, it must be substantial, related to a key success factor in the market, and sustainable against changes. Porter's strategies are cost leadership, differentiation, and focus. Cost leadership involves having the lowest prices through efficient production. Differentiation means giving products unique qualities valued by customers. Focus involves targeting a specific market segment's needs. Examples are given of companies successfully applying these strategies.
If you're not unique or distinctive, you'll be forgotten.
Product differentiation is a marketing management strategy that aims to distinguish or differentiate a company's products or services from the alternatives offered by competitors.
Businesses communicate their unique and distinctive benefit through the marketing strategy to make it attractive to a group of customers/target market.
Also referred to as a point of difference, providing customers with a unique and distinct benefit can create a competitive advantage in that marketplace.
It is a powerful strategy when a target group of customers is not price-sensitive (an increase in price will not reduce demand), when a market is competitive and saturated with options, or when a group of customers have specific needs that are under-served.
“Point of difference – even seemingly contradictory ones – can be powerful. Strong, favourable, unique associations that distinguish a brand from others in the same frame of reference are fundamental to successful brand positioning.” (Keller, Sternthal & Tybout, 2002)
Positioning is one of the fundamental elements of marketing, both for consumer products and B2B (Business to Business). Positioning is a brand’s unique way of providing value to its customers. Where it sits in the hearts and minds of customers. The associations that consumers hold with the brand reflect its positioning in the market.
Firms use positioning to create an image of their product or service in the mind of their target customers. Positioning defines how the brand’s offering is unique, how it provides a distinct benefit to customers.
Businesses use marketing to communicate their market position to customers and influence their perception of the brand’s products or services. Marketing establishes the brand identity, influencing consumer perceptions of its position in the market relative to the alternatives available from competitors.
“Positioning is not what you do to a product. Positioning is what you do to the mind of the prospect. That is, you position the product in the mind of the prospect.” (Ries & Trout, 2001)
If you're not unique or distinctive, you'll be forgotten.
Product differentiation is a marketing management strategy that aims to distinguish or differentiate a company's products or services from the alternatives offered by competitors.
Businesses communicate their unique and distinctive benefit through the marketing strategy to make it attractive to a group of customers/target market.
Also referred to as a point of difference, providing customers with a unique and distinct benefit can create a competitive advantage in that marketplace.
It is a powerful strategy when a target group of customers is not price-sensitive (an increase in price will not reduce demand), when a market is competitive and saturated with options, or when a group of customers have specific needs that are under-served.
“Point of difference – even seemingly contradictory ones – can be powerful. Strong, favourable, unique associations that distinguish a brand from others in the same frame of reference are fundamental to successful brand positioning.” (Keller, Sternthal & Tybout, 2002)
Positioning is one of the fundamental elements of marketing, both for consumer products and B2B (Business to Business). Positioning is a brand’s unique way of providing value to its customers. Where it sits in the hearts and minds of customers. The associations that consumers hold with the brand reflect its positioning in the market.
Firms use positioning to create an image of their product or service in the mind of their target customers. Positioning defines how the brand’s offering is unique, how it provides a distinct benefit to customers.
Businesses use marketing to communicate their market position to customers and influence their perception of the brand’s products or services. Marketing establishes the brand identity, influencing consumer perceptions of its position in the market relative to the alternatives available from competitors.
“Positioning is not what you do to a product. Positioning is what you do to the mind of the prospect. That is, you position the product in the mind of the prospect.” (Ries & Trout, 2001)
Module 13 Effective Marketing Approaches to Senior Consumers.pptxcaniceconsulting
Segmentation: this is where you get to know your customers. It is the process by which you understand why they would purchase your new products.
Targeting: this is the act of increasing your market relevance. It is the process by which you assess which people you can best satisfy with your products and services and how you can make yourself irresistible to them.
Positioning: this is the act of locating yourself appropriately. It is how you arrange yourself for the market based upon your findings in the earlier stages. Consider the relative pros and cons of the market you intend to enter and question whether this market is aligned with your current goals – put simply, is this target market worth your efforts?
Re-Positioning Effects on Centuries-Old Brands: Piyale Caseinventionjournals
Businesses engage in positioning activities by aiming the advantages and disadvantages of the products which have put on the market to find a place in customer minds. Positining is a bridge between business and customers is a products’defining activity on customer minds. Businesses proceed the positining activities with product discrimination on concentrated competition environment for percieving the differences by the customer. Actually in product positioning, a differentiation strategy, businesses differ from their competitors by price, product feature, product name, first-come, last model or newest, the widest after-sales service, or long-term. The purpose in product positioning is not only to create a concept in the consumer's mind but also to preserve the place and to renew it when necessary. Re-positioning means replacing the current location of the product, is a risky and costly activity. Repositioning can be implemented through changes in the product, physical changes, changes in product use, and image changes. In the study the repositioning activities of the products Piyale approximatey has near a century-history brand will be examined also brand awareness, which of the existing product categories increased succession with repositioning will be examined before and after repositioning the new position against the competitors
Re-Positioning Effects on Centuries-Old Brands: Piyale Caseinventionjournals
Businesses engage in positioning activities by aiming the advantages and disadvantages of the products which have put on the market to find a place in customer minds. Positining is a bridge between business and customers is a products’defining activity on customer minds. Businesses proceed the positining activities with product discrimination on concentrated competition environment for percieving the differences by the customer. Actually in product positioning, a differentiation strategy, businesses differ from their competitors by price, product feature, product name, first-come, last model or newest, the widest after-sales service, or long-term. The purpose in product positioning is not only to create a concept in the consumer's mind but also to preserve the place and to renew it when necessary. Re-positioning means replacing the current location of the product, is a risky and costly activity. Repositioning can be implemented through changes in the product, physical changes, changes in product use, and image changes. In the study the repositioning activities of the products Piyale approximatey has near a century-history brand will be examined also brand awareness, which of the existing product categories increased succession with repositioning will be examined before and after repositioning the new position against the competitors.
Marketing positioning refers to the ability to influence consumer perceptions about the brand or the product to the competitors. The goal of market positioning is to create an image of the product in the market so that the consumer can use them in the special way.
Module 13 Effective Marketing Approaches to Senior Consumers.pptxcaniceconsulting
Segmentation: this is where you get to know your customers. It is the process by which you understand why they would purchase your new products.
Targeting: this is the act of increasing your market relevance. It is the process by which you assess which people you can best satisfy with your products and services and how you can make yourself irresistible to them.
Positioning: this is the act of locating yourself appropriately. It is how you arrange yourself for the market based upon your findings in the earlier stages. Consider the relative pros and cons of the market you intend to enter and question whether this market is aligned with your current goals – put simply, is this target market worth your efforts?
Re-Positioning Effects on Centuries-Old Brands: Piyale Caseinventionjournals
Businesses engage in positioning activities by aiming the advantages and disadvantages of the products which have put on the market to find a place in customer minds. Positining is a bridge between business and customers is a products’defining activity on customer minds. Businesses proceed the positining activities with product discrimination on concentrated competition environment for percieving the differences by the customer. Actually in product positioning, a differentiation strategy, businesses differ from their competitors by price, product feature, product name, first-come, last model or newest, the widest after-sales service, or long-term. The purpose in product positioning is not only to create a concept in the consumer's mind but also to preserve the place and to renew it when necessary. Re-positioning means replacing the current location of the product, is a risky and costly activity. Repositioning can be implemented through changes in the product, physical changes, changes in product use, and image changes. In the study the repositioning activities of the products Piyale approximatey has near a century-history brand will be examined also brand awareness, which of the existing product categories increased succession with repositioning will be examined before and after repositioning the new position against the competitors
Re-Positioning Effects on Centuries-Old Brands: Piyale Caseinventionjournals
Businesses engage in positioning activities by aiming the advantages and disadvantages of the products which have put on the market to find a place in customer minds. Positining is a bridge between business and customers is a products’defining activity on customer minds. Businesses proceed the positining activities with product discrimination on concentrated competition environment for percieving the differences by the customer. Actually in product positioning, a differentiation strategy, businesses differ from their competitors by price, product feature, product name, first-come, last model or newest, the widest after-sales service, or long-term. The purpose in product positioning is not only to create a concept in the consumer's mind but also to preserve the place and to renew it when necessary. Re-positioning means replacing the current location of the product, is a risky and costly activity. Repositioning can be implemented through changes in the product, physical changes, changes in product use, and image changes. In the study the repositioning activities of the products Piyale approximatey has near a century-history brand will be examined also brand awareness, which of the existing product categories increased succession with repositioning will be examined before and after repositioning the new position against the competitors.
Marketing positioning refers to the ability to influence consumer perceptions about the brand or the product to the competitors. The goal of market positioning is to create an image of the product in the market so that the consumer can use them in the special way.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
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Kyiv PMDay 2024 Summer
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The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
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1. Introduction and Key Concepts of Sustainability
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Reestructuración.pptx
1. REESTRUCTURACIÓN, MEJORAMIENTO Y
CAMBIO EMPRESARIAL
UNIVERSIDAD NACIONAL MAYOR DE SAN MARCOS
Facultad de Ciencias Administrativas
E.A.P. de Administración
Estrategias Competitivas de
Porter
3. Para entender las estrategias propuestas por Michael Porter
partimos del concepto de Ventaja competitiva, que es una
característica diferencial que hace que una empresa u
organización sea mejor que su competencia.
¿Qué es
ventaja
competitiva?
4. 01
Debe ser suficientemente sustancial como para suponer
realmente una diferencia.
03
Necesita ser sostenible frente a los
cambios del entorno y las acciones
de la competencia.
02
Necesita estar relacionada con un
factor clave de éxito en el
mercado
Para que una característica empresarial pueda ser
considerada como una ventaja competitiva debe reunir tres
requisitos:
5. La vía por la que una empresa alcanza una ventaja
competitiva
¿Qué es
Estrategia
Competitiva?
Está entendida como el conjunto de acciones ofensivas o
defensivas mediante las cuales una empresa se enfrenta
a sus competidores tratando de alcanzar así una ventaja
competitiva.
8. ¿Qué es?
Esta estrategia nos indica que
la empresa ofrece uno de los
precios más bajos del
mercado, esto también se ve
reflejado en la reducción de
costos en la producción.
9. ¿Qué se necesita para lograr esta
estrategia?
Importancia del precio Productos homogéneos
Clientes sensibles al
precio
Bajo poder adquisitivo
del comprador
La marca no es un factor
importante
10. ¿Cómo una empresa puede alcanzar el
liderazgo en costos?
Aprovecha economía de
escala
Aprovecha en forma óptima los
insumos, las materias primas y la
tecnología
Produce productos
estandarizados
Aplica una cultura de
reducción de costos
11. Caso: AJE Group
AJE nació en Ayacucho – Perú, hace más de 30 años. El compromiso con el medio
ambiente y con la naturaleza, para esta compañía, es parte de su ADN. Es el medio
natural en el que crecimos, en el que nos criamos y en el que empezamos a dar
nuestros primeros pasos.
15. ¿Qué es?
Se basa en dotar al producto o
servicio de una cualidad única
que es valorada de forma
positiva por los consumidores
y que permite cobrar precios
superiores.
16. TIPOS DE DIFERENCIACIÓN
Se refiere a la diferenciación
basada en la variedad. Esto
es, en los diversos atributos
que pueda tener el
producto o servicio.
HORIZONTAL
Se refiere a la diferenciación
por calidad. En este caso, los
consumidores están de
acuerdo en qué bienes o
servicios tienen una mayor
o menor calidad.
VERTICAL
17. Caso: KUNA
Fundada en 2007, Kuna fue la primera marca de Incalpaca, una compañía
dedicada a la fabricación de textiles de camélidos (alpaca, vicuña, llama y
guanaco). Esta característica la diferencia de la competencia ya que la calidad de
sus productos no tiene punto de comparación, esto les permitió ser una empresa
muy reconocida.
19. ¿Qué es?
Se basa en centrarse en un
segmento específico del
mercado, creando productos y
servicios especialmente
diseñados para responder a
sus necesidades y
preferencias.
20. Objetivos del
Enfoque
La estrategia de segmentación de
mercado busca que las compañías
conozcan bien las características de la
gente a la hora de consumir un
producto o servicio. De modo que esto
les permite ofrecerles lo que realmente
necesitan. Tratan, por tanto, de
conseguir que las empresas se centren
en unos cuantos mercados objetivo en
lugar de tratar de apuntar a todos.
Consiguiendo así una ventaja
competitiva en un segmento
determinado.
21. Caso: MONTALVO SPA
En 1996 Víctor Hugo ya era un próspero comerciante mayorista de plásticos. Es en ese
momento que decide abrir su primera peluquería, que administraba su esposa. Nos dice
que lo más complicado de esa primera etapa fue conocer y aprender cómo se debía de
gestionar y desarrollar un negocio de este tipo. La marca ha logrado posicionarse
gracias a que su público objetivo está segmentado a un tipo en específico.
