1.3 Mission, Objectives, and Strategy
The company’s mission is to fulfil its customers’ requirements of high quality products at the same time as remaining being competitive and profitable. Furthermore, Bowmer Bonds aim is to offer its customers the fastest and most efficient service possible, for instance, delivering in stock products on the next day, and on-time for customized production.
Additionally, BBNF wants to sell, in-house developed, researched and manufactured technically innovative products.
It is important for the company seeing the customer as a partner. Not only is the relationship with its customers significant to BBNF, but also the job security of its employees. Bowmer Bond wants to offer its workforce a safe and stable working
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This includes reducing the amount of rejected material and to record and analyse the reasons for the damage. Firstly, the company isolates any damaged goods which do not comply with the company’s standards or requirements. On the basis of the results, the company makes recommendations for improving e.g. the production procedures.
As the company places a lot of value on its customers’ happiness, the company constantly tries to reduce the amount of customer complaints. Therefore, Quality department investigates and summarizes the complaints and looks for any noticed trends to make recommendations.
By measuring and analysing customer satisfaction (questionnaires), Bowmer Bond tries to identify improvements, which can help to advance the system in any way.
Besides this, the Quality department informs the department, in which the fault occurred, and decides together with the involved manager or managers about the following steps regarding solving the problem with the complaint.
Consequently, it is the company’s vision to be acknowledged as a market leader in high quality, technology, delivery, after-sales-service, innovation, commitment, and value of its customers, suppliers, and its employees. More precisely, international companies should recognize Bowmer Bond as Europe’s market leader for manufacturing narrow
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The Export Sales Department operates in a similar way to the Sales department. Except that the countries are divided by languages. So, Export Sales Manager A is responsible for all German speaking countries and Export Sales Manager B is responsible for the Spanish and Italian speaking countries. The Export Manager takes care of all other overseas countries. It easier for the UK Sales department and the Export Sales department to keep a better overview of all customers having its customer divided into geographical
Today we live in a glоbal econоmy in which the time taken for peоple to mоve between continents has been significantly rеduced and in which Internet and other connections make instant connections possible. So to be succеssful these days, even small businesses must plan their marketing strategies to attract cоnsumer interest outside of their local markets. Although there are risks involved, there also are plenty of аdvantages to expanding a business worldwide. If you don’t offer a product on the world market, a competitor probably will. Some types of businesses are more аppropriate than others for global market expаnsion.
(SME report, pg.no-3, 2016 and NZ treasury, pg.no-33, 2007). In addition to this, here the business always demands to recruit the best skilled people and who uphold their indigeneity, having mutual respect with clarity, honesty and objectivity with high professionalism (tpk-business
Johnson & Johnson currently has a 10.4% market share of the Pharmaceutical Manufacturing industry. They have the second largest share of this industry, just behind Amgen at 10.9%. By looking at the revenue and operating income for Johnson & Johnson, we can see their margins and evaluate their performance. Johnson & Johnson’s operating profit margin improved from 2015 to 2016 but decreased significantly from 2016 to 2017. The operating profit margin for the company as a whole in 2016 was 28.72% and in 2017 it was 24.07% (Appendix A).
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
INTRODUCING BOSE CORPORATION • Bose corporation is a producer of audio premium speaker used in automobiles, commercial broadcasting and individual consumers. • It headquarters is in Framingham, Massachusetts and plants in Michigan, Canada, Mexico and Ireland • Bose corporation has suppliers both locally and across the shore. Foreign materials account for 20% of materials used and rest internally within the state of Michigan.
i) Ethnocentric Ethnocentric is a staffing policy that generally adopted by headquarters by sending employees from the home or parent countries to the host-country. For example, Jane works in China but she is a citizen of the Malaysia, where her company is organized and headquartered.
In the organisation, the communication, information and knowledge are very important. The whole work gets done in the organisation be these things. So a manager has to manage these in an effective manner so that they can get the effective results. Every organisation have to get successes in the market.
nternational marketing in export and franchising Objectives International marketing is the export, franchising, joint venture or full direct entry of a marketing organization into another country. • To bring countries closer for trading purpose and to encourage large scale free trade among the countries of the world. • To bring integration of economies of different countries and there by to facilitate the process of globalization of trade. • To establish trade relations among the nations and thereby to maintain cordial relations among nations for maintaining world peace. • To facilitates and encourage social and cultural exchange among different countries of the world.
(Apple computer,inc 2003) Porter 's single diamond framework holds that a multinational enterprise builds on a home base to achieve international competitiveness. (Alan M. Rugman 1993) this Porter’s Diamond Model established by
What is normally suggested is that if a firm is producing, manufacturing or reselling goods that they usually export since it is the easiest and least risky method. The risk that occurs if this type of strategy is used is that the firm depends on the company that will be exporting to and their customers in order for their product to be known. Yet other strategies include a joint-venture, licensing and franchising, foreign direct investment, and strategic alliances which even though they have more risk than just exporting they are more likely to be used than full ownership. These strategies give the firm the opportunity to still have some control, at different levels, of how the product will be managed in the foreign country. An example of this is Kia Motors direct investment in Slovakia in 2004 or Volkswagen’s joint-venture with Skoda for a period of time in 1991.
Customer satisfaction is at the core of their actions in every step of their supply chain. The company offers different products in their stores, letting the customers decide whether to consume them
Nestle is considered one of the largest food and beverage company worldwide. Nestle first opened its factory in 1866 in New Zealand and have successfully grow and recognize all over the world. Today, nestle own branches almost in every country in Europe, South America, Asia and other continents. The products that they produce are coffee, bottled water, milk products, tea, breakfast cereals, biscuits, baby food and many more. Looking at their annual report, their revenues clearly state that they are the most preferred food and beverage.
Pizza Hut was established by Dan and Frank Carney in Wichita, Kansas, USA in the year 1958. Pizza Hut Inc. is one of the prevalent pizza companies worldwide. It was a subsidiary of Pepsi Co Inc. from the year 1977 – 1997. It is a wholly owned subsidiary of YUM! Brands since 1997 to present.
Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka. It was started in the year 2007. In its formative days Flipkart mainly dealt with books but now, it has expanded to electronic goods and a variety of other products. Primary categories of products sold at Flipkart are: • Books • Mobiles & Accessories • Computers • Home and Kitchen • Personal and Health Care • Gaming • Watches and Fragrances • Music and Movies • Stationery Some other facts about Flipkart are • It has 2,000,000 registered users • 8,000,000 customer visits every month.
It is same goes with Syarikat Mudim Sdn Bhd which is they will always committed to build the company’s brand and add value to consumer’s expectations. Besides, Syarikat Mudim Sdn Bhd second mission is to provide products that will always extremely satisfying customers with high quality of products and HALAL at a reasonable price. They will always stays committed to become a leader in the food