DIPLOMA BUSINESS MANAGEMENT (LEVEL 7)
BUS762: CORPORATE STRATEGY AND
PLANNING
SUMITTED TO:
KEVIN CLARK
PREPRED BY:
ARTI PATEL
CIB0000379
Q.1 A. Following 7 strategies zealong can used and achieve higher growth.
1. “Existing product to existing customer”:
To rise the growth of sales in existing market or customer base on improving product or service quality, features, quantity, packaging style, and customer services etc.
To increasing potential sales existing customer zealong has to improve their quality, product variety, packaging style, supply chain etc. by doing this zealong can increase their sales in existing market. Because, it’s a human nature that after sometime everyone want something new.
2. “Existing product for new
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6. “New industry structure”:
To achieving growth of company, company can acquiring or merge with other company and gain faster growth.
Zealong also adapt to new industry structure to achieving faster growth. Zealong has to merge and join with those company who already have good reputed and well known in there counties. By doing this company can easily increase their sales and growth.
7. “New competitive arenas”:
Companies can fit in in different vertical to exploit some opportunities available in different sectors. And it’s also benefits to company because company also can use their skills.
Zealong also can adept this strategies so company can increase their growth. Such as zealong can integrate with different vertical company which is totally different form zealong, so company can use other company skills, policies, idea, customer’s purchasing power etc.
Q.1.B. “Privileged Assets” means type of assets which is unbeatable by any competitors. This is those assets that very difficult to imitate by
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Because zealong is grown in New Zealand pure environment. Its world’s purest tea.
• Associate with many countries: zealong always associated with countries like china, japan, Taiwan, India, sri lanka in people.
• Focusing on health: zealong tea is originally grown, chemical free, purest tea, and with its many health benefits.
2) “Weakness”:
• Limited product: zealong has limited number of product they have only organic tea. So it’s a limitation for sealing because of some people love green tea, black tea, herbal tea.
• High skilled techniques labour required: Tea leaves are handpicked by expert from china and Taiwan labours by a high skilled and techniques so if some labours are not available in right time production can’t work.
• Small retailer’s networks: zealong has some retailer network for online purchase. 3) “Opportunity”:
• Wider online marketing: zealong can do wider online marketing for their product so more increasing online shopping. They can extend their market wider.
• Introduced more verity of product: zealong introduce new more product in tea like black tea, white tea, green tea, herbal tea, honey tea, and in other flavours or
Guidelines for keeping record of the export of duty-free tea are included in the
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
The company could expand even more to increase their market share. They must keep communications open through their relationships to avoid miscommunication and confusion. References Karniel. A and Reich.
A huge sum has been invested, so now it is really crucial for the product to succeed. Moreover the current product mix is not sufficient to bring long term profits for the company. As far as short term goals are considered, management wanted a successful launch for the product which will provide the right marketing and target of the new product line. While the long term goals involved adding variety and diversity to the product line to achieve a long term sustainable growth rather than just achieving short term
Based upon the other documents, the textbook should be rewritten. The textbooks all corroborate the persecution of Christians in Rome. The textbook lacks a definitive explanation for the persecution and an in-depth explanation of what the followers of Jesus endured. Documents B and C, while not flawless themselves, provide information that the textbook does not have. Document B describes how the Christians were preyed upon by the Roman people.
3.1.3. Opportunities of Harley Davidson: 1. Asian & Europe Markets: The demand of the Harley Davidson in the developing Asian & European nations is increasing. There are very less number of players competing the Harley in this segment. Thus, it is a very attractive opportunity for Harley to capture these Asian & Europe markets aggressively.
KETING STRATEGY A marketing strategy is a process or model to allow a company or organization to focus limited resources on the best opportunities to increase sales and thereby achieve a sustainable competitive advantage. Or it is a process or model to allow a company to focus limited resources on the best opportunities to increase sales and there by achieve sustainable competitive advantages. The marketing strategies of Hilton Garden Inn are as follows. Philip Kotler defines marketing as a social process used by the people, individually or in a group to achieve what they want by the creation or exchanging their product details and their values with others.
It can be said that by means of organisation’s competitive strategy, it can achieve an upper hand in the business market over its rivals. Competitive Advantage offers a beneficial position to business organisations over rivals in regards of some measure like expense, quality, or velocity. An efficient strategy can help an organisation to achieve an upper hand through commitment to its strategic objectives and the capacity to significantly expand execution and profitability (Bartlett & Ghoshal,
Besides the traditional items, such as the traditional music, cross talk and dancing performance, some new items were also added into our plan, like the scented tea, milk tea, tea meals and the DIY pottery making, etc. Our detailed entrepreneurship plan, which created a new business model of tea house, was high praised the professors of our university. This experience not only improved my understanding of tea culture, but also deepened my understanding of
This theory is based on the concept that there are five forces that determine the competitive intensity and attractiveness of a market. Porter 's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organization 's current competitive position, and the strength of a position that an organization may look to move into. Strategic analysts often use Porter’s five forces to understand whether new products or services are potentially profitable. By understanding where power lies, the theory can also be used to identify areas of strength, to improve weaknesses and to avoid mistakes.
After these companies go about developing products, which may be product modification or it may be a completely new product. Product offerings are increasing every year as consumers are looking for more and more variety of products. Companies which are unable to churn out new products fall back on competition and suffer the consequences. Companies face danger not just from competitors but consumer needs, technology, and product life cycle. New product development has its share of challenges.
Competitive advantage is when two or more firms compete within the same markets, one firm possess a competitive advantage over its rival when it earns (or has potential to earn) a persistently higher rate of profit. There are three types of competitive advantage. a) Cost leadership strategy occurs when a firm a delivers the same services as its rivals but at a lower price. b) The differentiation strategy occurs when a firm delivers greater services for the same price of its rivals. c) Focus strategy is a focused approach requires the firm to concentrate along one specific segment either a cost leadership or a specialization strategy.
Tea then began its global journey, and was spread across the world. The first documented cultivation of tea in Taiwan began in 1717 in a region called Shui Sha Lian (水沙連) (Allee, 1994). The British were later responsible for bringing tea to my own home country, India, where the tea culture is also very strong and significant. My own country’s strong tea culture allows me to look at China’s tea culture with much more depth and understanding. Tea was popularized as a beverage by the Tang dynasty, and the Europeans including the Portuguese and the Britons who brought the tea to the west.
It would aim at establishing a strong customer lifetime value. It would also search for new markets in other
When a company is competing through its differentiation advantage; it would try to carry out its activities in a much better manner than the