2 PART 1: CURRENT SITUATION ANALYSIS 2 I. ASIAN WRISTWATCH MARKET 2 II. TISSOT INDUSTRY 3 1. History 3 2. Sales analysis 4 3. Marketing and sales 5 III. PROBLEM 6 1. Viet Nam Environment 6 2. Swot Analysis 7 3. Unique Selling Proposition (USP) 9 PART 2: RECOMMENDATION 9 I. Growth opportunities of Tissot 10 II. Market Segmentation - Positioning of New wristwatch. 11 1. Segment Targeting 11 2. Positioning 12 III. Selected Marketing Strategy 12 PART 3: CONCLUSION 13 Appendix:
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Promotion Strategies Promotion is the fourth marketing mix tool which includes all the activities that the company undertakes to communicate and promote its product to target market. Promotion mix is the specific blend of advertising‚ public relations‚ personal selling‚ and direct marketing tools that company uses to persuasively communicate customer value and build customer relationships. For example‚ Tissot have using different type of advertise to abstract consumer to purchase our product. There
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Executive Summary This project intends to comparison of the stores of Swatch & Tissot watches. In the 1st stage of the project report the importance of branding in luxury retailing with specific reference to the watch I industry have discussed. In the 2nd stage of the report the branding strategy of SWATCH & TISSOT watches on the basis of their Store Operations Management have discussed. The store design‚ display‚ assortment‚ ambience etc have discussed. In the 3rd stage the comparison the profile
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Executive Summary The strategic analysis methodology is largely divided into two schools‚ namely‚ the positioning approach and the resources-based approach. Each approach has its own distinguishable merit that assists managers‚ investors and regulators in analysing a subject company’s strategic advantage. At the same time‚ each approach has its own downside in that‚ it omits certain important truth about a company and the environment in which it operates. However‚ as pointed out by Henry (2008
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PP. 41-56 ‚ EBSCOhost [Online]. Available from: http://eds.a.ebscohost.com.ezproxy.liv.ac.uk/eds/pdfviewer/pdfviewer?vid=4&sid=d223ab04-454e-417e-a2c6-6d7ccccf8c41%40sessionmgr4003&hid=4211 (Accessed on: 25 May 2014). Porter‚ M. E. (2003). Strategy and the Internet. Harward Business review [Online]. Available from:
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quantity of inventory and also to free up company’s liquidities. What are the objectives IM and why is it so important? Inventory management has to find a balance between inventory investment and customer service. You can never achieve a low-cost strategy without good inventory management. The objectives are numerous: - Avoid stock-outs and insure a regular supply: you have to be sure that your customers have access to products when they need or want them is a key service issue in inventory control
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When I read the "Blue Ocean Strategy"‚ I think the Blue Ocean represents the unknown market space does not yet exist. Blue Ocean is characterized by new market boundaries‚ new demands‚ unpredictable high profit growth‚ without forming competition rules. Now be market conditions‚ market competition requires companies to implement the Blue Ocean strategy. market is in motion‚ the development of new industries and markets are always constantly developed‚ and today the number and type of industry and
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1. Business strategy analysis Strategy analysis enables the analyst to understand the underlying economics of the firm and the industry in which the firm competes. Involves 3 key steps: 1. Industry analysis What economic factors drive the industry choice? Impact on profitability? 2. Competitive strategy How has the company positioned itself in the industry? 3. Corporate strategy Can the company create value across the range of its business? (Ability to exploit synergies‚ minimisation
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diversification strategy is suggested for the Mclays. In the past‚ Mclays adopted the horizontal diversification by acquiring companies like Qualitex Printing Limited and conglomerate diversification by developing the products related to the existing products in the recent past. This is because‚ both strategies are cost effective and profitable options. This is the important prerequisite in the print and digital communications market today as per the environmental audit. Therefore‚ these strategies are suggested
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210€/inh. Imports 9‚5% 165€/inh. Imports 32%( 20% from Asia and 5% from Europe) 1 – Furniture retailing business analysis and its KSF Macro Environmental Analysis 2 Furniture retailing market Schools‚ hospitals‚ hotels and churches Institutional 10% Office 30% household 60% 1 – Furniture retailing business analysis and its KSF Macro Environmental Analysis 3 Factors Political Economic Socio-cultural Technological Tendência - Decrease of salaries and pensions
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