3. Competitive Strategy of the Company 3.1 Value Proposition Value Proposition: Value proposition of a company is identified as the combination of customers served, products offered, channels used to deliver those products and price at which products are offered to provide value to the customers. Needs Catered: Airtel satisfies wide range of needs of its costumers, connecting people across the world including remote areas in fraction of minutes. It helps in sending and receiving timely information besides providing entertainment (DTH Services) and best customer service. Target Customers: The target customers of Bharati Airtel include various economic classes and age sectors starting from youth, middle age group and the old age. …show more content…
Recharge your Phone or other Phones and DTH Instantly 2. Send/Withdraw money from any airtel money account/bank account. 3. Pay bills 4. Online Shopping 5. Book Tickets Online (movie/bus ticket) New Products (High Medium) Airtel has taken pre orders for Apple’s much awaited iPhone 5S ahead of its retail debut which supports Nano Simcard which was made available in all Airtel Stores before the launch of iPhone in India. Airtel provided various attractive tariff schemes and free minutes for the iPhone. It made a unique advantage to customer who opted to buy the gadget from them, as EBay & Olx.in who were selling the iPhone in black market for 58000/- for 16GB and 1,06,000/- for 64GB where as Airtel provided the same Phone for 45000/- 16GB and 59,500/- for 64GB. Need Based positioning: Airtel provides various schemes and offers to different sectors of customers of various age groups based on the needs of these customers. The Schemes are as follows: • Airtel gives free calls in post-paid connections for Professionals. • Airtel provides various plans to Entrepreneurs in which they may get internal calling free. • It introduced post-paid connections only for students and with zero
Document A Businesses went from low income friendly to high-income friendly. Low-income housing decreased in Woodward from 1995-2012 -Social housing increased from 1995 to 2012 It would have been better to live in Woodward in 1995 because the properties are low income friendly and more people have the opportunity to live there. Many people in Woodward in 1995 would be put in the stereotype that low-income people are committing crimes Gentrification is not okay because many people in the world have issues with finances.
P1: Describe customers in four different contexts: A Market: A market is a place where demand and supply operate. Buyers and sellers interact to trade their good and services. (What is a market? , n.d.)
In 2009 the NHS constitution was published by the Department of health to help set key principles for all NHS bodies. The Department of health has last renewed the NHS constitution in 2013.The Department of health sets out that it will renew the constitution every 10 years (NHS constitution, 2015). The NHS constitution is there to provide a professional standard of care in a safe, high-quality environment. These values are in place to be a common reference for all NHS staff; patients and public so that they are striving towards the same principles and values.
Corporate Strategies Vertical Integration Verizon implements a value chain analysis to understand the parts of the daily operations that create value, and those parts that do not. The value chain analysis is used to determine the level of competition, the type of products and services the consumer needs, and to figure out the ways that Verizon can stay sustainable and remain the market leader in the industry. This is vital because if done correctly Verizon will be able to gain high returns within the telecommunications industry by creating greater value to the customer. Verizon breaks their value chain into primary and support activities. The primary activities are research and development, infrastructure, marketing and sales, and customer
The same is applied to the airline industry as well. The companies like Lufthansa and Emirates Airways also have their own corporate and competitive strategies. Both of the organizations offers similar kind of services, but their strategies varies as both have their own set of goals and targets. Therefore the corporate and competitive strategies of both the organizations have been evaluated in terms of their competitive position, value creation for the stake holders, and strategic choice. 1.
However, the company will have to prioritize their strategy and concentrate on a few important issues. The company should prioritize on progressively taping into market areas that remain untapped. The company has concentrated on offering cheaper fares in routes where its competitors charge high fares. However, they need to branch out their operating areas to sustain their brand for a longer time.
Due to high demand for internet users to maximize the data plan, Maxis introduces additional top up for mobile data to surf the internet if the existing data is used up. Besides, customers could share their data with registered family numbers. It is the different package of product that Maxis offer to their customers. In the mean time, the company could boost customer usage and promoting their services by price penetration strategy since there were high accessed of internet network coverage widespread in Malaysia. Moreover, Maxis store could be found in every state and each district in this country.
But in choosing one out of the two, the differentiated strategy is preferable. Virgin can use the differentiated strategy to increase growth by product differentiation to better develop their brand which allows them to stand out from their competitors such as Qatar, British Airways. “Virgin’s minimum level of quality for differentiation also creates threshold pricing”. However, Virgin using the differentiated strategy can create value for Virgin Atlantic because when Virgin uses this strategy that concentrates on the cost value of the product or services as opposed to similar products in the industry of their rivals, it builds a perceived value between potential customers and
Firstly, the Boston Consulting Group (BCG) matrix that concentrate the market position of different products. Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. Furthermore, competitive advantages model (Porter, 1985) which focus on five different forces in environment of organization, but suit with only stable market. Generic strategy was developed strategies under this school, especially it can identify position in the market. Advantages: -Provide content in a systematic way to the existing way of looking at strategy -Particularly useful in early stage of strategy development, when date is analyzed -This school emphasis on analysis and calculation can be a very strong support to the strategy development process -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment
The target market of louis Vuitton in divided into two key segments, the wealthy middle aged women from 35 to 54 years old is the first segment while the fashionable young female adults from the age 18 to 34 years old who have income saved to buy one wishes. Average customer of Louis Vuitton are high level & social class people who are into fashion and very conscious as well. High social status is achieved by owning such products from Louis Vuitton. Demographic Segmentation Louis Vuitton has used Demographic segmentation to segment the market.
Their target market is mainly divided into three categories. The first group is of the people who have a high brand loyalty to Apple and are the primary consumers of its product. These people would not only own the Iphone but also other products offered by Apple like the IPod, iTouch and iPad. This group is well aware of the features and benefits of the product and is therefore prepared to pay a greater price for these features. The primary target group of the Apple iPhone belongs to the upper middle or higher social class who can afford to pay for the premium products offered by
This is the comparison of the benefits offered by a company's product to its customers relative to the price it asks customers to pay. To do this, companies can influence the value proposition in one of two ways mainly. This can be done through long term brand building. They can also offer a relatively low cost to enhance value. Ultimately, the key is that customers perceive that the product's merits exceedingly justify its price.
2. MARKETING ENVIRONMENT that affect APPLE Co.’s service to customers. 2.1 DEMOGRAPHIC ENVIRONMENT Focusing
Task One Audit 1.1 Gflock’s three largest customer groups and their relative importance to the organization “Segmentation is the process of grouping customers in markets with some heterogeneity into smaller, more similar or homogeneous segment to target with a distinct Marketing Mix”. (Smith, 1956). The table below demonstrates the company’s five main customer groups out of which the Misses, Ladies and Mistresses were chosen as the key customer groups respectively according to the percentage of the market and their monthly income. (Table 1.1) Teens Misses Ladies Mistresses Madams Demographic Age 14-17 years 18-21 years 22-28 years
Maxis reputation has been built around their quality network and superior customer service. Due to high standards and expectations that come with the Maxis brand it is not without reason that customers are more demanding of Maxis. As a result, Maxis always think that their business on being the customer 's first choice. Capital requirement usually build up a firm which is the high capability to compete in the industry. However, telecommunication is a high competitive industry in order to gain large market share.