Competitive Advantage With the development of internet, the computer is more used widely. The computer peripheral device companies have sprung up in this years, then the market competition is stiff. If our company wants to be the winner, all we need to do is advance with the times and create the product which can attract people’s interest. In the several years, through the market research, the is high hopes. Therefore, we seized the opportunity, to sell the wireless mouse and keyboard early in the market. Our company’s competitive advantage is that we know what the market will be. We do lots of surveys at fixed period, we asked hosts, players and programmers what they want to develop their experience of using computer, and are there anything …show more content…
Pricing Strategy Not only does quality affect sales, but pricing will also be one of the keys to sales. We compare many other companies with the same type of products such as Dahl, Logitech, and cherry. Our company will choose the same price in the physical store to sell better quality and function products. In the online store, we will reduce the price of the product (10%) to stimulate consumption and attract more ordinary consumers. At the same time, our products will be divided into three categories, the first high-end functional peripherals, this type of products are mainly for professional players, E-sports clubs and E-sports competitions. Of course, the price of this type of product will be higher. Second, the appearance of fashion peripherals, such products are mainly for ordinary consumers, and these products also have more work to meet the needs of ordinary users, and the price will also be the same as most of the same products on the market. Third, simple and long life type, such peripherals are mainly oriented to enterprises and companies. Since most of this type of product is sold in bulk, the price will be …show more content…
The traditional mouse and keyboard have great changes. The mouse and keyboard are not limited to the basic operation of typing and computer. People pay more attention to the appearance and comfort of the mouse and keyboard. In this situation, customer's new need for traditional computer peripherals has a huge impact. But for our company, our development strategy is to adapt to the development of the society. Including adjust and improve the products according to the needs of people and develop products with different performance according to different uses. For example we provide game specific mouse and keyboard for gamer. This mouse has more comfortable touch, and more sensitive buttons. Having manipulations and enabling players to make more flexible operation. For the keyboard, we will recommend a special game keyboard for the players. The keys are more accurate and comfortable for keyboard. Our customer service will recommend the appropriate products to them according to the buyer's use. If the buyer receives the product and the product is found to have problems, our online customer service will be the first time to solve. Because we must use the excellent products and good service attitudes to win the favor of customers. So as to achieve the high reputation of the company. We become a leader in the same industry and attract more consumers. These are our sustainable development
2) 104-Keys: Windows Keyboard windows button, context menu key. 3) Ergonomic: The ergonomic keyboard is designed keeping in mind for the physical comfort of the user. 4) Multimedia: It provides media control to play CD, DVD and MP3 files.
When analyzing the relative advantage of a product, the following six factors are considered: economic, social status, savings of time, savings of effort, reduction of discomfort, and the immediacy of rewards. Concerning the economic element, the Hero 4 Black, $399, is a costly investment. However, its durability guarantee, editing software, tutorials, and online assistance are included in the price, which other action cameras cannot offer in the asking price (Jennings). This economic advantage has caused the rate of adoption to increase (Jennings).
The sporting goods industry has a long history from the mid- 1800s until the early 1980s. Since then public ownership led to the expansion of footwear and apparel products in an exploding marketplace. This allowed the top 20 firms to have sales of at least $1 billion. (Lipsey, 2006) After 1980s, sports equipment manufacturing is estimated above a $70 billion industry and is continuously growing worldwide (statista.com, 2014). The production of sports equipment is one of the biggest and most profitable industries nowadays and it gathers all the attention of big brands with powerful marketing techniques which compete in global scale.
Bill Bass, Lands' End's Senior Vice President for e-commerce, believe that Lands' End propriety products, a strong distribution infrastructure, an established brand and sophisticated use of technology will sustain competitive advantage over the competitors. Although, ASI and its use of high-tech technology permit the company to maintain its competitive advantage, the company may face challenges in the area of manufacturing and retail efficiency. The company need an improvement on the integration between its operation and their It. The company spent a lot of money on implementing new technologies such as, on the body scanning system that was discontinued shortly after. The company could build prototypes to try before spending money to implement
The growing concerns of consumers about sustainable products and services lead to legislative amendments and to new products and services that follow the regulations or have a pre-emptive role (Slavova, 2014). The purpose of legislation is to protect the consumers by set prices for consumer goods. Therefore, there will be better quality products, more choice and innovation, all of that is for consumers own benefits. Consumerism influences people’s characters causing poverty.
For example, customers who wish to purchase a moderate price lipstick can get it at $8 from Tarte Vitamin, those who wish to spend a bit more can get it from LORAC at $9 and others who wish to spend higher can get it from Lancome at $35. Although prices are much more at Sephora customer are still willing to purchase from Sephora because the company has justified the greater cost through the provision of higher quality products. However, the internet has impacted the way in which brands’ products are priced as well as the way in which brands compete with each other nonetheless, Sephora’s digital channels do not play a role in the company’s pricing strategy as sephora.com price remain the same of all orders from different part of the world thus, the pricing part of the marketing mix did not change with company’s digital channel strategy (Rudolph
After that it can shift its focus on another segment and so on, which therefore leads to growth and
How does mainstream media influence sneaker culture in secondary markets? Today through the help of mainstream media sneaker have made a huge impact not only in fashion but also in the market. Its influence gained a long way from the “training shoe in 1917” (O’Connor) to the multi-billion-dollar market of today. The influence created by the media, that spread through the help of the internet, celebrity endorsements, and television, played a significant role in the growth of the sneaker culture.
Therefore, the source of competitive advantage for Barclays would be quality customer care as envisaged in their strategy in citizenship and continuous development of new and unique products for the market. The ability to enjoy economies of scale from supplies and large capital structure should also offer Barclays, a hand in increasing competition. Institutional capabilities and endowment Barclays bank has both physical and intangible resources to help it grow to a leading financial institution in its strategic plans. It has both distinctive and threshold capabilities to allow it create a competitive advantage against its rivals (Warner, 2010).
Normally, consumers have unique needs that are not similar all the times. Therefore, the company must develop products that can address the unique concerns of the consumers. Evidently, Apple Inc. has been successful in the creating variety of products. However, pricing of the Apple Inc. products tend to limit the ability of buyers to purchase the products. While the company might justify the price of the products, setting the prices too high limits the ability of the willing buyer to purchase the
ACHIEVING GLOBAL COMPETITIVE ADVANTAGE OF APPLE INC. Apple Inc. is an American conglomerate company located in one immeasurable loop, Cupertino, California in the middle of the Silicon Valley. (OPPapers, 2012). Apple is motivated on their designing, developing, innovating new products like the personal computers, other related software products, and the electronic products such as MP3 players and iPods. Apple Inc.’s main products are iMac, iPod, iPhone, iPads and its latest advanced product is iWatch, which is on the edge of creating another revolution after iPhone. Apple Inc. has transformed its image from an inventive computer manufacturer to a fully-fledged consumer 's electronic company.
Competitors – The industry that Nissan currently operates in provides lots of potential competitors for them as many automobile companies are developing electric cars which are something Nissan are very keen on focusing on. Nissan currently only run a small market share of the industry so many competitors are dominating the market such as Ford, Vauxhall etc. Nissans competitors have many strengths and weaknesses against Nissan. Some companies such as Ford focus heavily on fuel powered cars which means they will have an advantage against Nissans fuel powered range but Nissan will have an advantage over them with Nissans electric cars and the amount of research that has been put into it. Other companies such as Tesla whose main focus is electric cars are a fairly big competitor towards Nissan and the Nissan leaf range.
The four building blocks of competitive advantage can be used to help a company become more profitable and stay ahead of their competition. The four factors are superior efficiency, quality, innovation, customer responsiveness. All four building blocks are important to any company. However, I believe that customer responsiveness is the most important because having loyal and happy customers can make or break any company. The four building blocks can help companies grow and become the leader in their industry over their rivals.
They know that it will be simple to adapt to new hardware and this make them more open to making a repeat purchase. New Innovations: even though the architecture of Apple products is proportionate, its portfolio is not. Company offer customers a number of various ways to enjoy its products. By giving consumers and chance to employ Apple in their living rooms, sine and offices, Apple do it easy to keep on loyal to brand
For example, a global style has been created across borders and cultures fashion as images in social media and internet are instantly distributed around the world. The company cannot longer rely on the traditional factors of production to provide a sustainable competitive advantage, but must look how they can exploit its knowledge acquired through the years in order to gain competitive advantage