the best quality products and service in a clean family oriented environment (Pizzaboys.com 2015). Church’s Chicken is seeking to identify growth opportunities for its products with the use of the Ansoff Matrix to guide this venture. The Ansoff Matrix is a market planning tool designed by H. Igor Ansoff‚ used to assist companies with decisions that pertain to product and market growth strategies. It highlights ways of growing the business through existing or new products and in existing or new markets
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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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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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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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1.4.1. BCG Matrix for Virgin Holidays …………………………………………….5 PART B 2. What is Value Chain Framework? ……………………………….......................7 2.1. Supportive Activities……………………………………………………………..7 2.2. Ansoff Matrix of Virgin Holidays………………………………………………9 2.2.1. Ansoff Matrix illustrating Virgin Holidays Business………………………..9 2.3. Core Competencies …………………………………………………………….10 2.4. Threshold and Unique Resources ……………………………………………..10 PART C 3. Final Thoughts (Analysis)………………………………………………………
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strategic choices as presented by the Ansoff Growth Strategic Matrix. The Ansoff Growth Strategic Matrix was first presented by H. Igor Ansoff in the Harvard Business Review of 19571. A tool used since then for analyzing growth‚ the matrix presents main strategic choices (ie. Market penetration‚ Market Development‚ Product Development‚ and Diversification) which managers can use to determine the direction their company wants to take moving forward. Ansoff Growth Strategy
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Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.. Q1. Describe the strategy planning tools of Ansoff matrix and BCG matrix. 10 marks (4 for Ansoff matrix +6 (Ansoff matrix : use and factors it considers – 1 mark‚ explanation - 2 for BCG matrix) marks‚ limitation -1 mark; BCG matrix : use - 1 mark‚ explanation including 4 types of SBU’s – 3 marks‚ limitations - 2 marks) Describe
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