soff MatMarket Penetration: -The signature product that made Apple‚ Apple‚ was the Macintosh. It first had a famous Television Advertisement in the US in 1984 introducing its signature product the Macintosh. This was led by Anya Major who was chased by agents of Thought Police‚ threw a sledgehammer into the screen of big brother David Graham. At the end‚ it says‚ “Apple Computer will introduce Macintosh. And you’ll see why 1984 won’t be like 1984.” This screen of big brother David Graham supposedly
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Ansoff Matrix Product Development Each company relies on a marketing strategy to advance themselves in the race for achieving marketing success. It is without doubt that companies have implemented a few effective of others and perhaps of their own according to the company business. The strategy which is surely utilized in most or all companies would be the Marketing Mix by Neil Borden and the business strategy of Ansoff’s Matrix Strategy. Without strategies like these‚ companies would cease
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Introduction to the Ansoff matrix The Ansoff product/ market matrix is a tool that helps businesses decide their product and market growth strategy. Ansoff’s product/ market matrix suggests that a business’ attempts to grow depend on whether it markets new or existing products in new or existing markets. The traditional four box grid or matrix Ansoff model Alternative Ansoff style matrix A revised version of the Ansoff matrix featuring a 3×3 or nine box grid or matrix. History – The Product
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Understanding the Ansoff Matrix in a new market: Penetration: When marketers try to sell the existing product to the existing customers‚ they engage in penetration strategy. It can be achieved in multiple ways. For example‚ by changing pricing‚ by adding minor features (new and improved!)‚ changing the packaging (shampoo sachets)‚ or highlighting alternative uses. In this commercial‚ we get to how Cadbury India is pushing for chocolates to be used as small gifts instead of more traditional sweets
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Using Coca Cola to Explain Ansoff’s Matrix Ansoff’s Matrix is a useful tool for examining a company’s product range. The four main options are: 1. Market penetration 2. Product development 3. Market development 4. Diversification Information about some of the products produced by Coca Cola is given below. Read this information and complete the tasks over the page: 1. Diet Coke m penetration
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Strengths Topshop being a popular brand never fails to have the latest styles and fashion trends. It not only has a large variety of mens and womens clothes it also has adjoined and opened other stores which target different age groups and styles. Topshop has been linked with major designers and celebrities like Kate Moss who has further helped promote the brand and its quality. Weaknesses Although aimed at a younger target market Topshop is said to be slightly higher priced than the
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Topshop BRANDING ASSIGNMENT Made by—Ramona 28.5.2013 Topshop is a British multinational retailer which specialises in fashion clothing‚ shoes‚ make-up and accessories. It has around 440 shops‚ 319 of which are in Britain‚ across 37 countries and online operations in a number of its markets. It is part of the Arcadia Group(75%)‚ which is controlled by Sir Philip Green and owns a number
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Ryan air‚ an Irish airline started in 1985 by Ryan family with a capital share of £1 and a staff of 25. Over the past few years the company has shown tremendous ontogeny. Indeed it is Europe’s largest low cost carrier and fastest growing airlines. Currently it’s operating more than 1‚500 flights every day from over 50 bases and around 1400 low fare routes across 28 countries which connect 165 destinations. Now I am going to discuss Ryan air’s (RA) current strategic position by analysing its macro
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ABOUT TOPSHOP: Topshop is a well known British‚ multinational clothing retailer which specialises in the latest fashion converning clothes‚ shoes‚ accessories and make-up. Out of its 440 shops across the globe‚ 300 of these are based in Britain. Topshop is owned by Arcadia Group Ltd. The company has managed to avoid paying U.K tax as the owner is a resident of Monaco. Other current operations include; Dorothy Perkins‚ Evans‚ BHS and Miss Selfridge. Topshop are introducing the idea of a plus
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The Ansoff product-market matrix presents 4 different growth strategies – market penetration‚ market development‚ product development and product diversification.. Igor Ansoff was a Russian/American mathematician who applied his work to the world of business. His most famous work is the Ansoff Matrix. The purpose of this matrix is to help managers consider how to grow their business through existing or new products
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