pharmaceutical company‚ recently diversified by buying Alcon‚ in a £24.8bn deal. Alcon is a producer of eye care products such as contact lenses. Google has diversified by investing £124m in a wind power business. To what extent is diversification the best strategy to achieve profitable growth? Justify your answer with reference to Novartis‚ Google and/ or other organisations that you know. (40 marks) Diversification - Practice under which a firm enters an industry or market different from its core business
Premium Mobile phone Mobile network operator Takeover
SERVICE MARKETING CHAPTER 3 : Positioning Services in Competitive Markets Overview of Chapter 3 • Achieve Competitive Advantage through Focus • Market Segmentation Forms the Basis for Focused Strategies • Service Attributes and Levels • Developing an Effective Positioning Strategy • Using Positioning Maps to Analyze Competitive Strategy Achieve Competitive Advantage Through Focus Focus Underlies the Search for Competitive Advantage • Intensifying competition makes it important
Premium Competitor analysis Competition Marketing
BEST PRACTICES FOR IT STRATEGIC PLANNING Version 1.0 Date: 04/06/2007 The Saudi e-Government Program (Yesser) has exerted its best effort to achieve the quality‚ reliability‚ and accuracy of the information contained in this document. Yesser assumes no liability for inaccurate‚ or any actions taken in reliance thereon. Yesser encourages readers/visitors to report suggestions on this document through the “Contact Us” . Best Practices for IT Strategic Planning Table of Contents 1.
Premium Strategic management Strategic planning Management
Strategy and Business Policy / SCHINDL 04/03/2013 Strategic Management & Business Policy How to assure a competitive advantage sources and basic choices when developing a strategy copyright 2010 formulating a strategy 1. understand stakeholders as components of your future strategy 2. understand their needs and their power options 3. understand the „landscape“ you are in 4. realize the options to turn stakeholders into partners how to formulate a strategy now ? copyright 2010
Premium Strategic management Management
Red Bull Brand Survey A true understanding of brand positioning comes only after getting the consumers’ insights‚ opinions‚ feedback‚ and vision of a product. To get those I hosted an online survey on http://www. Surveymonkey.com and shared it with my friends‚ which are potential and current customers of Red Bull: most of them are current students or recent college graduates‚ 20-30 y.o. The selected questions for survey were: 1. Are you male or female? 2. What is you #1 choice when you
Premium Caffeine Red Bull Coffee
Positioning the Tata Nano – Case Memo Introduction: Tata Motors Limited (TML)‚ a part of Tata group‚ a highly respected conglomerate has a product that will revolutionize the way India travels. The team was successful in delivering a car that meets the goal price of 1 lakh rupees. People welcomed it with high pre bookings and initial sales. But it has been found that the car didn’t hit the target market. The initial excitement faded away leading to drastic downfall in sales. We have analyzed the
Premium Tata Group Tata Nano Tata Motors
help to extend your influence as a business. Its essentially free advertisement. It allows you to create a positive image for your your business in the community. It also provides greater access to information‚ which in turn assists with marketing strategies. To be good at networking; attend functions attend informal gatherings host and attend seminars join social networking sites such as Facebook and Twitter Join an industry group Join associations establish regular contacts with similar outside
Premium Customer service Marketing Customer
management The concept of strategy ➢ Strategy is the great work of organization. In situations of life or death it is the Tao of survival or extinction. Its study cannot be neglected. ----SUN TZU‚ The Art of War.2500 B.C ➢ Strategy is about winning. ➢ Strategy is not a detailed plan or program of instructions‚ it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. Characteristic of a winning strategy ➢ Goals that
Premium Strategic management
Central Theme: In Positioning: The Battle for your Mind‚ the authors Al Ries and Jack Trout develop on the idea of communication. In marketing‚ communication is the key factor to advertise the product or brand to the consumer base‚ and the effectiveness of that communication will determined whether or not the message has been heard by the prospective consumers. The authors approach idea of communication with the goal of establishing the image or identity of a product so that consumers perceive it
Premium Marketing Psychology Brand management
Case Title: TerraCog Global Positioning Systems Name: Ahmed Yassin Sometimes lack of competition gives a false sensation of security. I think this may be the problem that TerraCog faced. TerraCog had been the very top GPS manufacturer ahead of any other competitor and this made them very confident of their position in this rapidly growing field of technology though they had plans and projects of their own. When a new competitor appeared they couldn’t realize
Premium Global Positioning System Competition