analysing companies based on market‚ product with possible growth opportunities which can be established by merging current and new products. Ansoff identifies four generic growth strategies‚ these are: 1. Market Penetration – tool used to increase organisations share in the market with its current product line. 2. Market development – seeking new markets for already existing products. 3. Product development – introduce new products to an existing market. 4. Diversification
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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 to Mclays in the current market scenario. Similarly‚ when the entirely new product is developed‚ it is very costly matter. This is because the completely new area of expertise needed to be studied and employees needed
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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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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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to‚ the Ansoff Product-Market Growth Matrix is an instrument in marketing that was developed by Igor Ansoff. In the Ansoff matrix‚ it allows the marketers to look at different ways to grow the business through existing products and markets and new products and markets. Moreover‚ the matrix is composed of four various strategies: - Market Penetration- market penetration is composed of existing products and markets‚ it occurs when an organisation enters an existing market with current products and
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and market growth strategy. When to use it Ansoff’s growth matrix suggests that a business’ attempts to grow depend on whether it markets new or existing products in new or existing markets. How to use it This matrix helps companies decide what course of action should be taken given current performance. The matrix consists of four strategies: • • • • Market penetration (existing markets‚ existing products): Market penetration occurs when a company enters/penetrates a market with
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Introduction I am looking at Topshop for this report. Topshop is a very large British fashion store for young women selling fashion clothes‚ shoes and accessories. There are Topshop stores throughout the UK. The flagship store in London Oxford Street is the biggest fashion store in Europe. Topshop is part of the Arcadia group which owns other fashion stores such as Miss Selfridge and Warehouse. Topshop mainly sells its own brand products but in larger stores it has concessions of other more expensive
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Mexico 6 3.2 Topshop Market Entry into Mexico 7 3.3 The Target and Positioning Strategies 8 4. The Marketing Mix 9 4. 1 Product 9 4.2 Place & Distribution 10 4.3 Pricing 12 4.4 Promotion 13 5. Conclusion 14 6. Appendices 15 7. Bibliography 19 1. Executive Summary This report is to investigate Topshop‚ a women’s apparel and accessories retailer based in the United Kingdom and to assess potential market opportunity in
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Situational analysis: Internal analysis: Assessment of the firm’s promotional organization and capabilities: The firm is new to the market. So in Ansoff Matrix it comes to be EXISTING PRODUCT/ EXISTING MARKET ( well it would be in actual situation). Since its a new product segment of cholesterol free ghee it can be considered as NEW PRODUCT/ EXISTING MARKET ( in our assumed situation).We are working upon moderate and less risk situations. So the prime focus would be to pay more emphasis on the
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International Business Management – 2nd Year -TOPSHOP International Strategies – Final Project Dumitrascu Elena Onitiu Anamaria Pascalau Anca – Diana Tatar Horatiu Table of Contents 1. Presentation of the Company ................................................................................................3 1.1. Topshop – Part of Arcadia Group ..................................................................................3 1.2. Topshop phenomena .....................................
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