6.2 EVALUATION AND CONTROL
Evaluation is an assessment involves a process of measurement and evaluation results of the marketing strategy and take corrective action in the event of a mistake as to achieve marketing objectives of the department and the organization can be achieved. The gap could be reduced if proper action is taken so that the organization can achieve the desired results. Control is the process of monitoring and comparing the performance and what it is designed to set and take action to ensure that the organization's activities are carried out according to the plan that has been made at an early stage.
6.2.1 Multinational Concept
Lenovo has emerged as a true multinational, surpassing Hewlett-Packard and Dell to become the
…show more content…
In order to maintain the competitiveness of IBM's global PC business and solve the problems of combining the two brands, Lenovo and IBM made the Lenovo may use a trademark of IBM in the next five years, after five years, Lenovo only can we winning ThinkPad and ThinkCentre. Therefore, co-branding strategy for Lenovo to join the department managed the IBM PC did not affect IBM's reputation and the buffer time, Lenovo can increase the popularity around the world with a brand IBM, after five years, Lenovo has a reputation of its own. To control this situation, Lenovo has a global marketing channel after the acquisition of IBM's PC unit, it requires a more proactive marketing team. IBM sales team only issued orders for Lenovo but never took active steps to find new customers. The acquisition of IBM PC led to the loss of customers such as the US government, so Lenovo marketing teams need to improve the skills to find new customers. In addition, Lenovo needs to improve achievement at the international level. Lenovo's success is due to the long-term focus on emerging markets and doing good business of the combined
Similar Starts, Contrastive Outcomes "Success is not final, failure is not fatal: It is the courage to continue that counts" was a famous quote related by a british prime minister named Winston Churchill. The powerful leaders who are to be introduced made valiant efforts through their legacy. Taking a moment to consider how most multinational companies have reached such success, realize that strong associations and just leaders are mainly what determines how much progress can be made. A strong belief in the ultimate outcome is very helpful when dedicating oneself to a cause.
With the acquisition in 2005, Lenovo jumped long from being the world's ninth largest computer company to the third largest. together with that came the challenge of integrating two sizable supply chains, that had completely different target markets and were in operation on an individual basis. once Gerry Smith joined Lenovo in 2006 he pushed to own one consolidated supply chain. There was lots of confusion - from procurement to producing to logistics - as a result of they lacked a singular, common purpose. Operations required to be stabilized first, then the work began to bring the supply chains along, with efficiency and systematically.
Around 2010, the company finally began to click. The worst of the cultural differences were getting resolved, and the Chinese had spent the period of upheaval learning about the capabilities needed within a multinational company. “They came to the United States ready to learn and absorb expertise’. Lenovo believe that with the advantage to the similarity between two companies, it should not be too difficult to integrate two corporate cultures. Even at, the pre-planning stage, the organization has designed a range of strategy such as cocktail party, a culture integration discussion board, set time up a cultural integration committee, to integrate two teams as well as to encourage communication between them.
Task 4 D1. Under this task I will evaluate how the marketing techniques of P&G Company organization have been a success Branding: P&G Company has a unique logo as a company in whole along with its other products for example the head shoulders shampoo. The P&G Company logo is blue in color and consists of 26 tiny icons that represent each and every product produced by P&G Company. P&G Company has a reputation for value, low price and for being customer-focused.
However in evaluating performance at Tesco, they utilize 360-degree feedback system and Balance scorecard as their performance appraising system (Tesco,
2.0 Introduction Starting with branched out from Binariang GSM Sdn Bhd as a subsidiary, Maxis Communiations Berhad (Maxis) is a service provider company for telecommunications and internet technology in Malaysia. It was begun in 1995 where the company used the dialling prefix identifier of ‘012’, ‘014’ and ‘017’. The company offered 900 and 1800 MHz Global System for Mobile Communications (GSM) band. After that, the company uses the 2100 MHz Universal Mobile Telecommunications System (UMTS) band in July 2005. Besides, Maxis was the first to introduce 3G services in this country.
Internal strengths work as the main success factors for an organization. The main strength of the company was its Research and Development section in which it spends almost 9% of its total sales amount. Again the company had very high innovation aggressiveness which led the company to remain in its price differentiation strategy. Moreover the company always had been under the supervision of charismatic leaders which accounted for its strategic success. Lastly, the simple and user friendly premium looking device with uniqueness accounted for the brand loyalty of its
International marketing strategy is a combination of marketing principle that could be used to formulate a marketing strategy for specific products and services within one or more countries to extend or internationalise the company. The research paper is based on the international marketing strategy of Nike Inc. (a Sports Apparel retail company working internationally) to help the management of the company shortlist and identify potential market for them to expand their business. It utilised macro and micro analysis of the sports retail market to identify the potentials of the industry that would help them to increase their business performance in the international marketplace. Macro Factors PESTLE It is noted that PESTLE is one of the most important and effective that often used by organisations in order to assess different macro factors that influence their activities in a negative manner (Li, et al., 2014).
IDEO’s most significant weakness centres around the fact that IDEO is spread across many different sectors of the economy, as seen above through a partial list of clients, as well as across several continents, as seen above through the list of office locations. While there is strength in diversification, the lack of focus and extremely broad approach can also be a weakness if resources are spread too thin or the company branches out too far beyond its core competencies. While IDEO has done a remarkable job in scaling its culture of creativity and innovation and reframing its business strategies to support a significantly larger multinational company, there have been growing pains and leadership must be aware of the issues in order to continue to nurture a healthy
International Business Machines (IBM)- 1) Introduction IBM (International business machines) corporation is one of the biggest multinational computer technologies and IT consulting company spread over 170 countries with 330,000 employees. It has its headquarters in Armonk, New York, United States. IBM started its business on June 16, 1911. It is the manufacturer of computer parts for hardware and software and, consulting services and hosting services. And also offers services in infrastructure.
Introduction Adidas is a German multinational corporation and it is one of the largest companies in the sporting goods industry. Adolf and Rudi Dassler promoted Adidas in 1949 and it was named after its founders 'Adi ' from Adolf and 'Das ' from Dassler. The company offers its products through three main brands: adidas, Reebok and TaylorMade-adidas Golf. The company operates through more than 170 branches across the planet in Europe, the US and Asia, each focusing on a particular market segment. The company designs and manufactures shoes, clothing and accessories.
The tool is used as an analysis to illustrate how the company has set out to achieve its successes; as it relates to H&M the tool will focus on the company’s present and potential products as well as it customers. With taking into consideration of the ways that H&M can expand on its new and existing products in the existing and new markets. To provide an analysis on H&M, the analysis will focus on three aspects of the matrix; the market development, market penetration and product
In terms of controlling, the management of Marks and Spencer has frequent reporting of expenditures with costs to provide a form of feedback. The reactions of managers to such type of data rely on the expectations or the formal budget or planned targets. The management believes in collecting and assigning cost data that is being shifted away from control. There is a recognition related to the repetitive exercise of planning and re-planning for creating a full time job for accountants. The assessment and evaluation of cost data in the aspects of launching new product by Marks and Spencer is about gaining insights and learning ways for achieving the goals of organisation in most effective manner.
1.0 Introduction The main objectives of this report is to identify and critically evaluate the strategies used by a chosen Multinational Company (MNC) to internationalize. Firstly, this report will clearly analyzed the current internalization strategies that being used by the chosen Multinational Company (MNC) which is Lenovo Group Limited and its relationship with the theory of internalization. Secondly, a relevant of internalization strategies will be proposed in this report which is suitable for the internalization of Lenovo Group Limited.
Strategic marketing is a broad and practical subject which included the concept of marketing subjects of previous semesters such as business marketing. The study of this subject has contributed to marketing knowledge in many ways, as well as it has strengthened my skills in application of marketing concepts. My knowledge was increased that I was able to develop a complete strategic marketing plan of not only on the part of marketing analysis or strategy of a product or service, but also the whole corporate plan. My skills and capabilities that were developed and integrated during lectures and tutorials include the analytical skills, coordination skills, presentation skills, organization skills, etc.