P (political) E (economical) S (social) T (technological) ANALYSIS -is used to identify the external forces affecting an organization. * Political Factors * The basic understanding is when the government implement’s laws and or regulations which affect the way a business operate. * Is used to identify the external forces affecting an organization. It can create advantages and opportunities for organizations. Conversely they can place obligations and duties on organizations
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product differentiation. In addition to acquisitions‚ eBay uses alliances with small entrepreneurs and large companies to increase revenues and enhance the number of items available in the marketplace. Weaknesses: Legal issues of eBay against Rolex‚ Tiffany & Co.‚ Hermes‚ Louis Vuitton and L’Oreal. Being on an extreme external competitive pressure. This competitive pressure if from both dominant internet companies such as their competitors. 3. Does eBay stated purpose provide adequate
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The selection of segmentation method and a doctor’s diagnosis are similar in that they both use a process of elimination to narrow down the field to find the correct product for the customer‚ or diagnosis for a patient. The doctor begins with a series of questions‚ and basic testing to “start segmenting the market”‚ once the doctor has a better understanding of the possible ailments‚ the “product mix” is identified and she is able serve the customer/diagnose the problem. A general doctor begins
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financial crisis because today ’s people have the right mind-set that luxury products are purposeful and well thought out. In other words‚ they want to show off their wealth and personal status. Main Forces The Macroenvironment Facing The Luxury Brand Industry Analysing the macroenvironment facing the luxury brand industry‚ there are demographic forces‚ economic forces‚ cultural forces and technological forces. 1) Demographic Forces Demography is the study of human populations in terms of
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Assignment: Making use of relevant academic concepts discuss how elements of the marketing mix are being used as tactics to achieve the luxury watch positioning of Breitling watches Written by Pu Di Student number: 2072208 Date: 4th December 2013 University of Glasgow Introduction In these times of increased competition and constantly shrinking budgets‚ why should a company continuously invest in seeking the most effective marketing strategy that
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companies faced high political and economic risks (“domestication”‚ Kerala temporaral ban‚ India’s foreign colas boycott and pesticide allengations). Though most of the factors in the political environment are unpredictable and existed within the macroenvironment‚ steps could have been taken to anticipate and minimize the impact of the political risks. Coca-Cola could have worked with local partners and the host government. As “political sensitivity to foreign influences can be catastrophic – often driven
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2007 BRANDZ ™ Top 1 Most Powerful Brands 00 Contents About the BRANDZ™ Top 100 Ranking 3 How We Calculate Brand Value 4 Key Insights 5 Sector Highlights 6 BRANDZ™ Top 100 Brand Ranking Charts 10 Frequently Asked Questions 24 About Millward Brown Optimor 28 2 About the BRANDZ Top 100 Ranking As economies become global and information more critical‚ intangible assets have replaced tangibles as a major source of shareholder value. Of these intangibles‚ brands are often the most
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and • exploit opportunities and strengths • neutralize threats • avoid weaknesses Copyright © by Houghton Mifflin Figure 8.1 8–1 Porter’s Generic Strategies Strategy Type Definition Examples Differentiation Distinguish products or services Rolex (watches) Mercedes-Benz (automobiles) Nikon (cameras) Cross (writing instruments) Hewlett-Packard (hand-held calculators) Overall cost leadership Reduce manufacturing and other costs Timex Hyundai Kodak Bic Texas Instruments Focus Concentrate
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in areas where customers are happy to pay more. The practice is intended to exploit the tendency for buyers to assume that expensive items enjoy an exceptional reputation or represent exceptional quality and distinction Example: Louis Vuitton‚ Rolex‚ first class air travel‚ luxury hotels etc. are products and services applying a premium pricing strategy. Economy Pricing Supermarkets often have economy brands for soups‚ spaghetti‚ etc. Budget airlines are famous for keeping their overheads
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Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Porter referred to these forces as the microenvironment‚ to contrast it with the more general term macroenvironment. They consist of those forces close to a company that affect its ability to serve its customers and make a profit. A change in any of the forces normally requires a company to reassess the marketplace. Contents: A. Executive Summary B.
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