Preview

Minnesota Micromotors Inc. Case Analysis

Good Essays
Open Document
Open Document
1009 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Minnesota Micromotors Inc. Case Analysis
As a newly appointed CEO of Minnesota Micromotors, Inc., I am responsible for designing the company’s marketing strategy, “This includes determining all aspects of the company’s go-to-market approach and associated elements of product policy, including pricing and market positioning of the company’s orthopedic motor line. ”(Harvard Business Publishing, 2014). MM is a member of a mature, saturated and highly competitive Orthopedic Motor market, such that every decision needs to be deliberate and appropriate, carefully assess the organisation’s competitive position that of its competitors and to get sustainable competitive advantage and provide superior customer value. This paper will use one quarter of marketing decision as example, providing the detailed reallocation of resources and analysing the result.
Before making any marketing strategic decision, it is always important to review the MM’s current go-to-market strategy, collect and analysis past and present data in order to identify opportunities and threats which may have potential impact on both short-term and long-term performance, and the
…show more content…
Then I decided to increase $15000 spending on the product development of thermal resistance feature, because our product feature performance of thermal resistance was not as good as the competitors’. The power-to-size ratio spending was decreased by $30000, and i used the remaining budget of $15000 on efficiency

You May Also Find These Documents Helpful

  • Good Essays

    BurkinshawEssay

    • 505 Words
    • 2 Pages

    One method of assessing the potential risks and rewards of a particular marketing strategy is to use Ansoff’s Matrix. This identifies 4 major strategies including market penetration, market development, market penetration and diversification. In the case of Burkinshaw, diversification is the new strategy being considered. The company’s marketing director argues the company should be developing new products for a new market, the large Chinese department store. The store has shown an interest in placing a large order, giving the company huge potential being entered into such a complex market. Moreover, it guarantees Burkinshaw future orders as well as growth. As the large Chinese department store expands, so will the sale of their products as it’s reaching more areas. From this it can be said although risky, the potential the Chinese department store offers is huge for Burkinshaw.…

    • 505 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Mkt1 Task

    • 1329 Words
    • 6 Pages

    This worksheet is a complement to the study guide for both the MKT1. The purpose of this worksheet is to help you think about and apply important marketing concepts to Company G. By working through the exercises and matrices introduced in this worksheet (Section A, Section B, and Section C), you are laying the foundation for your marketing plan required in this assessment. This worksheet should be completed before you write your Marketing Plan, for which a template is provided.…

    • 1329 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Who are MM’s target customers? Are all segments equally attractive to MM? If yes, why? If not, why not? How do the different segments’ needs and expectations evolve over time?…

    • 1650 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Assignment 2014

    • 1830 Words
    • 9 Pages

    M3 Analyse the research findings and make recommendations on how marketing strategies could be adapted or implemented…

    • 1830 Words
    • 9 Pages
    Good Essays
  • Better Essays

    Defining Marketing Paper

    • 1004 Words
    • 5 Pages

    Marketing Management: A Vital Topic. Retrieved August 9, 2009, from Managerial Marketing Web site: http://www.managerialmarketing.com/…

    • 1004 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Marketing Plan Template

    • 269 Words
    • 2 Pages

    Marketing Strategy, Implementation and Control 4 IX. Summary 4 X. Appendices 4 I. Executive Summary II. Introduction III. Situational Analysis A. The Situational Environments 1.…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Company G Worksheet

    • 1557 Words
    • 11 Pages

    This worksheet is a complement to the study guide for both the MKT1. The purpose of this worksheet is to help you think about and apply important marketing concepts to Company G. By working through the exercises and matrices introduced in this worksheet (Section A, Section B, and Section C), you are laying the foundation for your marketing plan required in this assessment. This worksheet should be completed before you write your Marketing Plan, for which a template is provided.…

    • 1557 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Kingsford Charcoal

    • 1800 Words
    • 8 Pages

    In this report, we will be analyzing the current performance of Kingsford in the marketplace and identify the main cause of revenue deterioration. Thereafter, a comprehensive strategy and marketing plan will be presented.…

    • 1800 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Major marketing programs 4 1.6 Expected marketing results 4 1.7 Key to success 4 2. Company Overview 5 3. Objectives 5 3.1 Corporate objectives 5 3.2 Marketing objective 5 3.2.1 Short-term (upcoming year) 5 3.2.2 Long–term (3 to 5 years) 6 4. Situation analysis 6 4.1 Industry analysis 6 4.1.1 Market characteristics 6 4.1.2 Trends and Drivers 7 4.1.3 Legal, Political & Economic Factors 7 4.1.4 Sociocultural Factors 7 4.2 Competitive Analysis 8 4.2.1 Competitive Landscape 8 4.2.2 Key players 8 4.2.3 Key Players vs. WarmHeart 8 4.2.4 Strategic Group Map 9 4.3 Customers Analysis 9…

    • 5196 Words
    • 21 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Simulation

    • 1770 Words
    • 8 Pages

    Marketing Simulation: Managing Segments and Customers Prepare Tab Video Transcripts How to Play Video and Initial Customer Interview Videos “How to Play” Audio Script In this simulation, you are the newly appointed CEO for Minnesota Micromotors, a medical motors device manufacturer. You must determine the company’s overall marketing strategy and make critical decisions around Minnesota Micromotors positioning relative to ever-changing market segment needs and behaviors. These include setting the list price and segment discounts, determining sales force allocation, setting the marketing budget and allocating money to product development. When you first log-in, the “Prepare” section provides you with basic information on Minnesota Micromotors and how the simulation works, including specific information regarding your scenario. Note, that there is a downloadable PDF file you can print if you’d like a reference guide on how to play. Make sure to review the Foreground Reading and view all of the Customer Interview videos contained on this page before beginning the simulation as they provide crucial background information on company and industry trends and data. The “Analyze” section presents numerous sources of information to help you make your marketing strategy decisions every quarter. The simulation begins in quarter 4 of 2012. You will begin with three quarters of historical data to analyze and, as CEO, you need to make quarterly decisions affecting company marketing over the next 13 quarters. The timeline on the right side of the screen will track your progress throughout the simulation. The Dashboard is a great place to start your analysis. It provides a high level view of your market share broken down by segment, quarterly revenue, unit sales, profit margin, net prices and spending on features. In order to make informed decisions for your strategy, review the details contained in the Analyze subscreens. The Net Prices screen shows both your price history and your…

    • 1770 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    There are numerous factors that impact and inform the development of an organisation’s marketing strategy. For companies to succeed in the ever-evolving and turbulent marketplace of today, they must identify factors that influence and impact the direction of the industry and integrate them into the marketing strategy accordingly. This report looks at the ways in which corporate capability, competition, markets served and the environment impact upon the growth and sustainability of an organisation and its customers. Case studies are used for each element discussed and a marketing strategy checklist is provided at the end.…

    • 3900 Words
    • 16 Pages
    Best Essays
  • Good Essays

    With the planning of any marketing adventure there are a few stages and analysis that you will have to do and take into account, first of…

    • 2605 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Marketing

    • 384 Words
    • 2 Pages

    Breadth and Depth of Analysis of the Current Marketing Strategy (including ad) for chosen Product/Brand. * Is the current marketing strategy (4Ps) and 3Cs well described and analyzed? * Are the current weaknesses identified compelling?…

    • 384 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    resource capability and capacity: our companies need to have enough human resources and physical resources such as coffee equipment to people who purchase our license.…

    • 1776 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Bega Cheese Company

    • 369 Words
    • 2 Pages

    Furthermore, the business needs to evaluate the performance of the new marketing strategy through employing an effective management system which will…

    • 369 Words
    • 2 Pages
    Satisfactory Essays