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Investigate and analyze the company’s history and growth.
About Maybank Maybank is Malaysia’s largest financial services group with an established presence in the ASEAN region. May bank has 708 billon and market capitalism increase to 82 billion. Maybank ranks fourth by assets among banks in ASEAN and is among the top 100 banks in the world, including the fifth largest Islamic bank globally. Net operating income for FY2015 reached to RM21.2 billion. Maybank home markets are Malaysia, Singapore and Indonesia. We have presence in 10 ASEAN countries with a combined branch network of 1,177 offices in ASEAN. Maybank also have a presence in the international financial centers of Hong Kong, Shanghai, London, New York and Bahrain with associates
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Now a days a lot of new banks in market so competition is very high. But Maybank is providing a lot of best facilities to its customers. And also Maybank has a big collaboration with many international banks in different countries. And because of large big business Maybank has ability to face some kind of political unstable situation in Asia. May be Maybank interest rate is high, but on other side Maybank is providing a lot of facilities to its customers, like large amount of ATMs, best online banking and quick lone providing with minimum …show more content…
Our ultimate goal is to become a regional financial services leader by 2015 in the form of the following:
1. Undisputed No. 1 Retail Financial Services Provider in Malaysia
In Malaysia, we aim to maintain our top ranking, in terms of overall market share, across our core retail financing products including mortgages, automobile financing, credit cards, unit trust financing, and individual deposits. We intend to reinforce our leadership position in touch points and distribution network as a key community destination and focal point.
Our Customer Value Proposition centres around convenience and serving the needs of the community and we are committed to the values of a One-Stop-Shop, Needs Based Selling and World Class Services. We will leverage on a shared distribution model across all parts of the Group network, and will customise and differentiate our products by segment to meet the needs of our four different types of customers: High Net Worth, Affluent, Mass and SME. The Group will also capitalise on technology and innovation to achieve high performance in processing times and customer
Business Strategy Cornering saturated market Our first business strategy is for huge companies to gain a good position in current market. We are targeting to be in fortune 500 companies that buy or merge other companies in the same domain. With this mission we will be dominate the market Product Quality Differentiation Making yourself unique from your competitor is the key requirement of our business success.
The segmentation process allows Company X to understand the changing needs of each demographic. Emerging opportunities can be easily identified in potential markets. To address retail customers within different industries accordingly Company X must develop an effective demographic segmentation strategy. The customer segments of Company X will be a diversified group. The groups are broken down into two main categories which are individuals and businesses.
When launching a new product or service, a company needs to develop the key group of customers in which they are targeting. There are many steps in identifying the target market; one of these steps is to look at past marketing plans in a company and collect information to produce a customer profile. This profile is important because “it influences the objectives, creation of the communications message and the channels and media mix being selected” (Gbadamosi and others, 2013, p. 275). When this profile is solidified, the appropriate methods to make a successful marketing plan can take action to launch the new product or service. Nordstrom’s Treasure & Bond, is a new clothing line by the leading fashion specialists, targeting 18-30 year
2. Needs and wants of the demographic group: Upgraded technology that can offer a unique experience Compact and easily portable Two in one product 3. How the needs and wants of targeted group are reflected in the marketing mix: The marketing mix reflects the demographic group through the product’s discounted price, promotional bonus gift voucher, advertised as a student’s study tool, distributed by delivery and by personal means and by the products unique features that are wanted and needed by the targeted group.
Name: Stephen Catterall Student ID: 864309 Unit 407 – International Business Strategy (Blended MBA, 2014) Assignment Report for senior management evaluating how well ANZ Banking Corporation, is currently performing, and recommending how it can improve its international business performance with a view to its further expansion into the China (PRC) market. Chair: Dr. Vanaja Karagiannidis Date: 25th August 2014 Word Count: 2,649 Table of Contents 1 Executive Summary 4 1.1 Project Summary 4 1.2 Procedures Used 4 1.3 Problems Identified 4 1.4 Results 4 1.5 Recommendations 4 2 Introduction 6
The business is highly customer-focussed that seeks to provide excellent products and services that deliver enjoyment and value-for-money. They desire to develop within a considerate culture that combines autonomy and accountability while maintaining the strong focus on profitability. The company has been in existence with high rate growth being registered as
This report will be based on targeting customers groups and marketing mix based on Apple. I will explain in what way and why groups of customers are targeted for selected products in Apple. I will explain the particular group of consumers which Apple would be targeting their products at. Apple is an American world-wide technology corporation that sell up-to-date technology to its customers.
The Maxis brand has strong influence in Malaysia since majority of the people are the Maxis users. 7.0 Marketing Communications
Vision: Establishing best to serve our customers, delicious food and a unique with fast food restaurant traditional cuisine in Malaysia which is recognized for providing good food with fast and efficient. Mission: Our team will create a strong company that provides a comfortable environment, and efficient services.
Their target customers are young people in all kinds of education levels, religions, race and nationality. The occupation of their target customers could be very wide but mainly are sports player and athletics. It is because athletics are more rapidly to use sports products than other people. Their target customers are from different generations: Generation X, Generation Y. Psychographic Their target customers are people who care more about the utility and quality of the product than the price.
Segmentation, Targeting and positioning, also known as STP are an essential part in marketing today. This model is important for generating marketing communication strategies and it aids the marketers to prioritize schemes and deliver personalized and pertinent messages to diverse audiences. This approach is audience oriented rather than product focused in terms of communication, which results in conveying appropriate messages to the members who are more commercially appealing. Segmentation benefits the managers in finding out the area on which they have to concentrate on in terms of geography, demographics, social factors or behaviors.
Personal Statement Describe several personal and professional goals you would like to achieve in the next five years, including why these goals are important to you. Goals are what keep us motivated to keep going and doing better than the day before. It is our goals that help us to keep pushing forward and be the best version of ourselves everyday. I have many professional and personal goals for myself.
Carrefour had to segment their customers because they had different needs, behaviors, and preferences; therefore, it was difficult for the company to meet every consumer’s personal characteristics (Wedel and Kamakura 2012, p. 6). Carrefour also had to segment their customers because they needed to come up with a marketing mix that will help the firm meet the needs its customers in their target market. Market segmentation refers to the division of a market into segments that are identifiable and similar. These segments refer to a group of people or organizations that have one or more features in common, which prompts to have same product tastes and needs. According to Wedel and Kamakura (2012, p. 6-7), market segmentation is important because it helps the organization to use their resources efficiently and make better strategic decisions.
For instance, Maybank Malaysia has been influence by the policies, rules and regulation which introduced by the Malaysian government. In addition, Maybank Malaysia is one of the first local bank which came up with the online
MCAT Box Office Sdn Bhd or also known as MBO Cinemas has been slowly but consistently climbing the vertical road of success especially since the attainment of Big Cinemas back in 2012. Now one of the top three largest cinema chains in Malaysia, MBO shows no sign of slowing down as it plans to open up more new locations in the near future. This company was founded in 2003 and grow up successfully in 2012. The CEO of the company, Lee Eng Hee said that the company improve a lot with separate into 26 branch around the Malaysia include Sabah and Sarawak. The MBO Cinemas now have 191 screens with the new technology of video and audio systems.