ELEKTRA PRODUCTS‚ INC. CASE ANALYSIS REPORT I. BACKGROUND: As to the Company: Elektra Products‚ Inc. is an 80 year old company‚ publicly held and had once been a leading manufacturer and retailer of electrical products and supplies. Challenges that have to be addressed: In recent years‚ the company experienced a host of problems as follows: declining market share due to increased foreign and domestic competition; new product ideas were few and far between; departments such as manufacturing and
Premium Management
Smart Products and Services A smart products is an electronic device‚ generally connected to other devices or networks via different protocols such as Bluetooth‚ NFC‚ WiFi‚ 3G‚ etc.‚ that can operate to some extent interactively and autonomously. It is widely believed that these types of devices will outnumber any other forms of smart computing and communication in a very short time‚ in part‚ acting as a useful enabler for the internet things. Uses of Smart Services Minimize maintenance and repair
Premium Maintenance Customer relationship management Customer service
and techniques of getting people to exchange their cash for your product. It is not concerned with the values that the exchange is all about. And it does not‚ as marketing invariable does‚ view the entire business process as consisting of a tightly integrated effort to discover‚ create‚ arouse and satisfy customer needs." In other words‚ marketing has less to do with getting customers to pay for your product as it does developing a demand for that product and fulfilling the customer’s needs Market consists
Premium Marketing
The marketing concept is a customer-centered sense and responds philosophy. (The job is to find the right products for your customers.) My project company Samsung took the marketing concept and connect with its customers. Samsung chooses to concern more about customers’ need and invent products that solve customers’ problems rather than make it and sell it. Before inventing cellphone products it will do a lot of surveys and experiment to find out what problems exist and concerned seriously in modern
Premium Marketing
Executive summary Contents: 1. Introduction 2.0 Current design 2.1 Product Description 2.2 Applications 2.3 Value analysis 2.4 Product life cycle 2.5 Manufacturing method and materials 3.1 Re- Design 3.2 Value analysis 3.3 Design for manufacture 3.4 Design for assembly 3.5 Design for Dis-assembly 3.6 Design for sustainability 4.1 Conclusion References Appendix Executive Summary A blinder is a smooth maker which provides various services. It has different kind of
Premium Product life cycle management Manufacturing Variable cost
Statement 3 The Product 3 Consumer Product Classification 3 Target Market 3 Competitive Situation Analysis 4 Analysis of Competition using Porter’s 5 Forces Model 4 SWOT Analysis 4 Strengths 5 Weaknesses 5 Opportunities 5 Threats 6 Market Objectives 6 Product Objective 6 Price Objective 6 Place Objective 6 Promotion Objective 7 Marketing Strategies 7 Product Strategies 7 Price Strategies 7 Place Strategies 7 Promotion Strategies 7 Tactics and Action Plan 8 Product Action Plan 8
Premium Marketing Management Camera
collection‚ analysis and reporting of data and findings relevant to a specific marketing situation facing the company.” - Kotler‚ Keller‚ Brady‚ Goodman and Hansen ( 2009) Marketing research is the “systematic and objective identification‚ collection‚ analysis and dissemination for the purpose of improving decision making related to the identification and solution of problems and opportunities in marketing.” - Malhotra (2003) Importance of Marketing Research Introducing new products into international
Premium Marketing
EDWARD T. ROJAS Case Analysis Report: Elektra Products‚ Inc. June 16‚ 2011 Case Analysis Report: ELEKTRA PRODUCTS‚ INC. RECOGNITION OF DECISION REQUIREMENTS Elektra Products‚ Inc.‚ an 80 year old publicly held company‚ had once been a leading manufacturer and retailer of electrical products and supplies. In recent years‚ it had experienced several problems such as declining market share‚ increasing competition against foreign and domestic markets‚ necessity for innovation of products‚ relationships between
Premium Team Management The A-Team
Concepcion BSBA MM 3-1 Professor Rosalinda G. Mayor Product Management Table of Contents Pantene Marketing Plan I. Executive Summary II. Situational Analysis A. Industry Analysis B. Competitor Analysis C. Standard Marketing Mix * Product * Price * Promotion * Distribution D. Current Target Markets Demographics * Geographic and Company Structure * Demographic and Psychographic E. Product Positioning F. Macroeconomic Considerations
Premium Procter & Gamble Hair
2012 Topic: Product costing Ningbo lecturer: Ms. Huang HuiQin – E: huanghuiqin@nbu.edu.cn – P: 86-574-87600960 Student: Lê Uyên Phương (Phoebe) – E: leuyenphuongvn@yahoo.com – P: 86-15 757 829 310 Student ID: 1211125031 NBU Intake 12‚ 2012 Required: Examine the literature to identify the different perspectives on how a product’s cost may be formulated. Assess the strengths and weaknesses of the various approaches to product costing that have been
Premium Management accounting Costs Cost