According to‚ the Ansoff Product-Market Growth Matrix is an instrument in marketing that was developed by Igor Ansoff. In the Ansoff matrix‚ it allows the marketers to look at different ways to grow the business through existing products and markets and new products and markets. Moreover‚ the matrix is composed of four various strategies: - Market Penetration- market penetration is composed of existing products and markets‚ it occurs when an organisation enters an existing market with current
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General Information: Programme Title and Level BTEC National Diploma in Business Level 3 Programme Number JW478 Unit Number and Title Unit 3 Introduction to Marketing Unit Code Y/502/5411 Coursework Title Assignment 1 Marketing Techniques Coursework Number 1 Information about each Coursework Task: Task No Assessment and Grading Criteria Assessment Methods / Evidence Hand out Date Hand in Date 1-3 Task 1 addresses P2 Task 2 Addresses
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3.1 Product strategies with the regard to BCG-Model and the Ansoff-Matrix This section of the report deals with the product strategy and aims to assess the application of the BCG-Model and the Ansoff-Matrix to the Red Bull Company in the provided case study. In the first part of the section we will briefly touch upon the product strategy to highlight its critical importance as it is a key marketing decision area‚ being one of the elements of the marketing mix. Another significant matter that will
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Introduction The Ansoff matrix presents the product and market choices available to an organisation. The Ansoff matrix is also referred to as the market/product matrix in some texts. Some texts refer to the market options matrix‚ which involves examining the options available to the organisation from a broader perspective. The market options matrix is different from Ansoff matrix in the sense that it not only presents the options of launching new products and moving into new markets‚ but also involves
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1. REVLON INC. EXISTING VISION AND MISSION Vision Provide glamour‚ excitement and innovation to consumers through high-quality products at affordable prices Mission To emerge as the dominant cosmetics and personal care firm through the twenty-first century by appealing to young/trendy women‚ health-conscious women (skin care)‚ and older women with its variety of brands 2. NEW VISION AND MISSION STATEMENTS FOR REVLON INC. Vision To be wellknown and accepted as the high value
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Outlook‚ Long Lasting‚ Fascinating‚ Bright‚ Color‚ Elegance‚ Distinct‚ High Price‚ High Class‚ Prestigious‚ Assured Quality‚ Fantastic‚ Satisfaction‚ and Best Quality. According to perceptual mapping Lakme has a strong brand image than Revlon and Loreal. Since weighted mean of lakme is 0.326 and the weighed mean of Revlon is 0.562 Lakme is closer to Ideal
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contents Introduction 1 1. MODELS & ANALYSIS 2 1. Models choices 2 2. Use of models 2 1. Porter’s five forces 2 2. BCG Matrix 3 3. Ansoff matrix 4 4. SWOT analysis 5 Bibliography 7 Table of figures Figure 1 : Porter’s five forces 2 Figure 2 : BCG Matrix 3 Figure 3 : Ansoff Matrix 4 Figure 4 : SWOT Analysis 5 * Introduction Nowadays‚ in a growing world trade‚ more and more companies are developing themselves at an international
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The Marketing Mix of the Company Avon I am to evaluate the marketing mix for the company of Avon. I will examine in detail the target audience‚ the product line‚ packaging‚ pricing‚ and how the product is being sold. Avon was founded in 1886 by David H. McConnell who started selling women’sperfume door to door. The company was first named California Perfume Company‚ but was changed to Avon Products‚ Inc. in 1939. The company was taken public in 1946 and by 1954 sales reached $55 million
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hectic. Secondly‚ I had forwarded your email to Sohail‚ who is an IIT grad and MBA Marketing from IIM A and heads Wok In the Box marketing‚ and my RM at Foxy Moron (http://www.foxymoron.in/)‚ a leading social media group in India handling clients like Loreal‚etc and also handling our online marketing. The feedback I wanted to provide you was from the right folks and following are excerpts from brief discussions I have had with them over the last couple of days. In all‚ we were all very impressed by
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mobile competitor analysis”‚ [Internet] available at URL: < http://www.slideshare.net/gaurav127/samsung-mobile-competitor-s-analysis>‚ [accessed on 24th November‚ 2011]. * Ansoff matrix (2009)‚ “Ansoff matrix of Samsung”‚ [Internet] available at URL: < http://www.coursework4you.co.uk/essays-and-dissertations/ansoff-analysis.php>‚ [accessed on 24th November‚ 2011]. * BCG growth share matrix (2009)‚ “BCG matrix of Samsung”‚ [Internet] available at URL: < http://www.coursework4you.co.
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