Preview

T-Mobile - Stp

Powerful Essays
Open Document
Open Document
1963 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
T-Mobile - Stp
T-Mobile

Segment:

T-Mobile is one of the leading mobile network operators in the world. Today, the company operates worldwide, though it is headquartered in Germany and European market was traditionally the main, target market of the company. Nevertheless, the process of globalization stimulated T-Mobile to develop its business internationally and the company has entered successful mobile network markets in many countries of the world, including the USA. In such a situation, the company needs to focus on the target audience which can allow the company to maximize its profits. In this respect, the proper market segmentation is crucial. Taking into consideration the specificity of T-Mobile’s business, i.e. mobile networks and telecommunication services, the following segments are particularly prospective: 16-24 years and 25-35 years customer groups.
In fact, both customer groups are of the paramount importance for the company since they will definitely constitute the overwhelming majority of the company’s customers. What is more important, these two groups will readily order and buy innovations introduced by the company that will facilitate the company’s development and market expansion. Nevertheless, either customer group has its own specificities, which the company has to take into consideration while developing its marketing strategy.
Young people at the age of 16-24 are very important for the company because they are the most susceptible to technological innovations and advances introduced by the company. At the same time, this customer group is likely to spend a lot of time and, therefore, money on communication with their friends, family, etc. Consequently, the company can count for considerable profits while providing its products and services to customers at the age of 16-24. In this respect, it is important to understand needs and lifestyle of customers at this age.
In fact, customers at the age of 16-24 are young people who need to communicate

You May Also Find These Documents Helpful

  • Powerful Essays

    Members of Generation Y do not believe in traditional promotion, process larger amounts of information compared to previous generations (Cambal, 2011, p.g. 1571). Face-to-face communication is diminishing with the use of new technology that allows Generation Y to constantly be plugged in. Generation Y also delivers ambitious and achievement-oriented personalities considering that they are currently the most educated generation (Bernstein, 2014, pg. 72). They are always up for a challenge as well, and they strive to reach their goals. Marketers have to understand the lifestyles of Generation Y in order to build relationships and intrigue their minds for a gratifying…

    • 1345 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Teenagers in the contemporary marketing environment constitute a pivotal market segment and deserve considerable attention from marketers and…

    • 4634 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Millennials vs the World

    • 516 Words
    • 3 Pages

    As you will read, Millennials are a generation of young people accustomed to choices and options. They are acutely aware of their marketing power and influence. They demand customization and instantaneous feedback. And their demands are usually answered. As the sheer number of media channels and advertisements has risen, it has become harder and harder to reach Millennials. We found that Cause Brandingsm has emerged as an effective tool for reaching and communicating with this complex generation.…

    • 516 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    In this era, when customers are empowered and are the central focus for marketing activities, every marketing strategy is designed and implemented keeping in mind customers. Happy and satisfied customer is the mantra for success of any product. Also, customers needs changes constantly, so service providers have to change accordingly otherwise they will be out of market.…

    • 2372 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    * Young consumer attitudes are essential for the marketers to plan their strategy in reaching the target consumers. So in our…

    • 1661 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    The shift in consumers’ behavior and attitudes today is attributed to a number of important global developments. Chief amongst those are the changing demographics as we head towards an increasingly aging population while at the same time we are witnessing the rise of a new consumer group - the “Generation Y” or the Millennials that threaten to dictate the new rules in buying and doing business.…

    • 3262 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    Maximising marketing oppourtunities requires understanding the changes in attitudes, values, lifestyles and demographic trends (Kerin et al, 2008, p. 70). Argentina has a well-educated and highly skilled population. The nation has a very young demographic, with more than a quarter of the population being under the age of 14, while approximately 63% of the population are aged between 15-64 (Link & McCarthy, 2004, p. 103). Age frequently determines consumers’ needs and wants for a specific product, brand or service (Heibing, 2012, p. 75). When targeting the…

    • 1309 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Sales and Outlet

    • 660 Words
    • 3 Pages

    Majority of your customers belong to which age group? (You may circle more than one)…

    • 660 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Smartphone’s Customer Segmentation and Targeting: Defining market segment for different type of mobile service providers Page…

    • 31337 Words
    • 126 Pages
    Powerful Essays
  • Good Essays

    A research conducted by Martin and Turley (2004), found that Generation Y adult in US are strongly motivated by objective. They emphasize on the value of product purchased. Conversely, the findings for this research, indicates that Generation Y adult in Malaysia are socially motivated mall shoppers. This group of Generation Y is seeking for excitement, overcome boredom and had highlighted the important of peer communication. Malaysian Generation Y adults emphasized very much on social activity. They enjoy the companion of their peers. Therefore, management of the mall should plan strategies that involve both Generation Y adults and their peers for example café, entertainment options or even Treasure Hunt Program that create opportunities for them to hang out together. It is very important to develop appropriate relationship marketing strategies to retain older Generation Y‘s loyalty towards the shopping mall. (Taylor & Cosenza, 2002)…

    • 554 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The vision statement for my business is to become a market leader through differentiation of the internet/café. The aspiration is to have my organization become a one-stop-shop of business for the Christian community to receive nourishment, obtain reading material, supplies and have internet access for educational or research purpose. There will be advertising and promotional tools attained to make customers aware of the company offerings. My advertising and promotional tools will target all ages, however my main focus will the younger consumers. Marketers' interest in the younger consumers has a twofold objective. First, the young consumers are increasingly proving themselves as a lucrative target market. Their…

    • 3901 Words
    • 16 Pages
    Best Essays
  • Good Essays

    Micromax Report

    • 4421 Words
    • 18 Pages

    The Indian Mobile handset industry has been growing steadily and posting healthy figures. According to Telecomm Regulatory Authority of India (TRAI), India is second largest and fastest growing telecomm industry in terms of number of wireless connections. The Total revenue generated in 2011-12 is 31,215. It drops by 5%. But it is expected that Indian handset industry will grow at 10.7% compounded annually till 2017. Based on the total sales top 5 players in the Indian mobile handset landscape are:…

    • 4421 Words
    • 18 Pages
    Good Essays
  • Good Essays

    Airtel

    • 8530 Words
    • 35 Pages

    Research and Analysis Findings Suggestions and Recommendations Literature Review (a) Telecommunications Sector Background (b) About Bharti Airtel Ltd. (c) Statistics (d) Bharti Airtel Ltd. Organization Structure (e) Worldwide Presence (f) Services (g) Subscriber Base (h) One Network (i) Timeline Conclusion Appendix…

    • 8530 Words
    • 35 Pages
    Good Essays
  • Satisfactory Essays

    A Marketing Study

    • 8305 Words
    • 34 Pages

    1. Customer Demographics & Psychographics……………………………………….... 19 2. Key Customers………………………………………………………….……………….. 19 3. Key Channels .………………………………………………………….……………….. 19 4. Customer Management……………………………………………….………………… 20 5. Competitors…

    • 8305 Words
    • 34 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ministop

    • 265 Words
    • 2 Pages

    The Company should always study the customers’ changing needs and expectations in making plans for products and services. The marketing team continuously attempts to search and select products and services that are of high quality, are different from those of the competitors, can satisfy the demands of different target groups, and are in line with new trends and market changes.…

    • 265 Words
    • 2 Pages
    Satisfactory Essays

Related Topics