StarHub Limited (StarHub) was founded in 1998 and is the currently the second largest telecommunication organization in Singapore. Today, StarHub has is 28% market share, the largest competitor is Singapore Telecommunication Limited (Singtel) which has a market share of 47%. StarHub targets both individual and business customers by providing a full range of information, communications and entertainment services. This report will seek to analyse StarHubs’s present day standing in the industry, with emphasis on business to consumer and business to business activities; including a SWOT (Strength, Weakness, Opportunity, Threats) analysis. StarHub’s market standing is then determined through studying the market segmentation strategies currently …show more content…
Thereafter, recommendations are brought forth, suggesting improvements to their marketing structure, product pricing and …show more content…
Succeeding to reduce their staff turn over rate to a three year low of 15.5% from 17% in 2011. 2013StarHub is the last telecommunication to join the industry in 2000 and became the second largest telecommunication company in the Singapore’s industry which offers island-wide hybrid fiber coaxial (HFC) network, high speed broadband services, different network coverage in Singapore.
Situation analysis
Business to Consumer
Geographic
Starhub focuses on single geographical exposure. It has been Singapore’s fastest growing mobile operator since its launch in April 2000. It has close to two million customers and is the second largest mobile network operator after SingTel ( Phillip Capital, 2012).
In the business line, Starhub’s business customers made up of 5443 suppliers in 2013, which 83.21% are local suppliers (StarHub 2013).
Demographic
In order for Starhub to reach the right target range of customers, Smart Targeting is introduced to track the channels watched that Starhub Cable Vision users watched and the websites that Starhub mobile users often visit.
Smart Targeting helps advertisers to get better marketing results. The right audience segmentation will help to get customers across platforms like mobile apps, web banners, TV spots or electronic direct mailers. Consumers will be categorized into various groups (The Straits Times
When developing a new product or service to sell to the public, it is good for a business to consider whether there is a market. If there is, it could determine if the product or service will be successful. It is likely that businesses will have competitors within the same market competing to sell their goods to customers as well. Market Share:
This will accompany an increase in advertisements focusing on the primary, benefits and reminder messaging components. We will also tailor promotion sales to increase awareness by offering free trials of the newly formatted product as well as employ strategies to increase shelf space and in-store advertisements. We will continue to increase our sales force, while looking at possible price changes to increase market share. We will also diversify our product line and work to increase profits. To do this, we will look to add new products in both the allergy medicine and cough medicine
Shrek is an animated childrens film that tells the story of a misunderstood ogre who only wants to be left alone in his swamp because he feels shunned from the world. However, to reclaim his swamp, which had been overtaken by Lord Farquaad, he and his new talking donkey companion, Donkey, set out on a journey to rescue the princess Fiona from a dragon to become Lord Farquaad’s wife. Two phenomenons occur throughout the film. The first is the appraisal of theory of emotions; when someone is making the effort to understand or interpret a certain situation or an event.
Answer: (a): Market segmentation is the first step in defining and selecting a target market to pursue and penetrate. Basically, market segmentation is the process of splitting up an overall market into two or more groups/classes of consumers. Each group of consumers is called as a market segment. Each group (or market segment) should be similar in terms of certain characteristics or product/ service needs. In business world, market segmentation is considered to be a most important tool in enabling marketers to better meet customer needs and requirements.
One of the main protagonists, Mama, is telling her son the reasons for what she did to help her family’s struggle. She says, “When it gets like that in life-you just got to do something different, push on out and do something bigger....” (588). The character Mama gets a check from the insurance company for $10,000 dollars due to her husband’s death and she doesn't know what to do with it. In the play, A Raisin in the Sun by Lorraine Hansberry, Mama is motivated to/by the chance to get her family a house.
In the novel Catcher in the Rye by J.D Salinger readers are introduced to a young man named Holden Caulfield who introduces himself and begins to tell his story of how and why he left his school; Pencey Prep. In the story, Holden explains how he is being kicked out of school and doesn't want his parents to know and so leaves school early. throughout the story, Holden explains what happens to him before he must go home and act like he is home from school for a break instead of being kicked out. When it comes to the topic of Author's purpose of The will of individual vs the will of the majority some will think the purpose is to show that Holden going against the will of society to rebel, however, I think the author’s purpose of The Catcher in the Rye was to show that the individual will manifest in his desire for isolation comes from his is fear and damage done by fear of pain, failure, rejection, and is unwilling or unable to go along with the majority. This all shown through Imagery, symbolism, and diction.
Remember the Titans is a film based on true events that took place in Alexandria, Virginia in 1971. Two groups of people were forced together by the desegregation of T.C Williams High School. Despite the indefinite integration of the black and white students, the town was still living in a racially divided society. African American football coach Herman Boone’s arrival to T.C Williams further complicated things. In an attempt to tranquilize the escalating racial tensions he was given the head coaching position in hopes to placate the African /American community.
1. Introduction Samsung first started as a South-Korean family owned business but has now earned acceptance around the globe now. Samsung has grown into a global information technology leader, managing more than 200 subsidiaries around the world. The company’s offerings include home appliances such as TVs, monitors, refrigerators, and washing machines as well as smartphones and tablets.
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.
Market structures describe the competitive environment in which a firm operates. The characteristics of the market structure will have a major-influence on the competitive strategies and tactics that are implemented by firms. (Octotutor, 2014). For the purpose of this analysis, I have chosen to analyze the Coco-Cola Company, which operates in an oligopoly. This type of market has many implications for both consumers and competing firms.
Purpose and process of market segmentation The purpose of segmentation is to allow the marketer to be better able to reach the consumer needs and wants which increases the positive responses for the brand. Segmentation is important during the promotion process, this is where the team decided who what and where as well as, age gender and things like buying patterns. Because of this, marketing g segmentation comes before targeting. By dividing the audience, it makes it easier to target exactly who and where to send the devices or what to do with their next model.
However, choosing the appropriate technology is essential to the success of the advertising industry because different markets prefer different ways of conveying information. The use of applications in phones or e-commerce to order goods and services all over the world may be appropriate to a certain market, but media may be appropriate to an illiterate market (Porter, 1998). The development of smart phones is also an added advantage to the development of marketing activities in the advertising industries. For instance, in Singapore China the Taxi industry uses the application in the smart phones to access the consumers. Although the media are one of the appropriate medium to convey the adverts to the consumers,
For instance, Carrefour will not waste their resources on advertising because they have already identified a specialized market for their fruits. Market segmentation helps the company to serve better their customers and attracts more; thus, helps in gaining competitive advantage. Lastly, market segmentation helps organizations to create a sustainable customer relationship, which contributes to increasing their loyalty. It is because it allows the firm to provide products that satisfy customer needs and preference and they can cater for their changing pattern of behavior over time.
1. General business strategy 1.1. General business philosophy Samsung work with the aim of developing innovative technologies and provide people with efficient processes so that regularly new markets are created and they continue to rule the digital work. They follow five core values including: • People: Samsung gives all the resources and opportunities their people need to give their best. • Excellence: Samsung makes sure to provide their customers with excellent products and services.
1. MARKAT SEGMENTATION Market segmentation is a strategy that is generally used by a company to identify and define the target customers, and provide the supporting data for the marketing plan elements. There are five types of market segmentation which are demographic segmentation, geographic segmentation, psychographic segmentation, benefits segmentation and volume segmentation. • Demographic Segmentation Demographic segmentation is market segmentation according to age, family size, religion, race, gender, income and education. By using this segmentation, a company can categorize the needs of consumers more easily and target its consumers more accurately because demographics can segmented into several markets.