This report was collected from : bijoynsu@gmail.com 01. INTRODUCTION 1.1 Consumer Behavior The term consumer behavior is defined as the behavior that consumers display in searching for purchasing‚ using‚ evaluating & disposing of products & services that they expect will satisfy their needs. Consumer behavior focuses on how individuals make decisions to spend their available resources (time‚ money‚ effort) on consumption related items. That includes what they buy‚ why they buy it‚
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perform particular activities more efficiently than competitors and we have to look from all a company’s activities‚ not only a few. Operational effectiveness (OE) means performing similar activities better than rivals perform them‚ while Strategic positioning means performing different activities from rivals’ or performing similar activities in different ways. When companies try to improve its operational effectiveness‚ such as TQM‚ it requires capital investment‚ different personnel‚ or simply new ways
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value to the position as you grow and meet your long term goals One of the most important things you can do is to listen to the problems that need to be solved while you are interviewing. Address these while answering the five-year question; positioning yourself as a long- term solution provider for the company. A common concern is sounding too ambitious‚ which could make the hiring manager feel threatened. Avoiding this is wise‚ but it’s good to show a healthy level of realistic ambition
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descriptions of what your customers want. You and your competitors have access to an industry newspaper called the Capstone Courier. The Courier is a complete year-end report on the sensor industry including customer buying patterns‚ product positioning‚ manufacturing capacity and public financial information. The Annual Reports offer expanded information that is available only to your company. There are three reports: A balance sheet‚ a cash flow statement and an income statement. You will
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Competitive strategy is therefore grounded in performing activities differently. To achieve a great strategy a company must select activities uniquely different from competitors in order to deliver exclusive value to them. This is known as strategic positioning and can be done in 3 main ways: a. By serving a wide selection of customers but meeting only part of their needs better than competitors. b. Targeting a particular set of customers with peculiar needs and then tailoring your activities
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strategies blend into one. Belvedere’s competitive strategy‚ for instance‚ is essentially the same as the market positioning for its primary product: a product that offers higher quality than competing brands because it is made with old-fashioned methods and ingredients that have not changed for centuries. And the elements of its marketing strategy all flow from that competitive/ market positioning: a premium price‚ advertising that stresses the product’s long history and old-fashioned production practices
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1. Analyze competitive forces in the US LCD TV industry. The US LCD TV industry is highly competitive and fast-changing. The industry transitions from cathode-ray tubes to flat panels and provides Vizio a great opportunity to tap into the market. Vizio’s innovation business model through lowering price while maintaining high quality products shifts industry dynamics substantially and made it a strong player in the LCD TV market. A five-force analysis is performed below to further assess the LCD TV
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“firms goals”: leading on Nestle and competing with regional producers.(see Problem structure.pdf). According to Problem structure.pdf these questions could be solved by : management optimization‚ developing distribution network‚ competitive market positioning and branding politics optimization. So‚ we have found 4 conceptions : Simplifying brand line‚ Organizational structure modifying‚ distribution network development‚ competing with regional ice-cream producers‚ Opening a “pilot” ice-cream café
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recognises a brand‚ the brand itself instantly provides a lot of information to that consumer. This helps them to make quicker and better decisions about what products or services to buy. Managing a brand is part of a process called product positioning. The positioning of a product is a process where the various attributes and qualities of a brand are emphasised to consumers. When consumers see the brand‚ they distinguish the brand from other products and brands because of these attributes and qualities
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POINT OF PARITY AND POINT OF DIFFERENCE These can be utilized in the positioning (marketing)[->0] of a brand[->1] for competitive advantage[->2] via brand/product[->3]. In essence: Points-of-difference[->4] (PODs) – Attributes or benefits consumers[->5] strongly associate with a brand‚ positively evaluate and believe they could not find to the same extent with a competing brand i.e. points where you are claiming superiority or exclusiveness over other products in the category. Points-of-parity
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