You will describe the general situation for the product you are examining. You will identify the primary products/services of interest, your core business, its markets, its competitors, and the major variables at work in this industry.
Excluding your title page, please write paper addressing the following, and using the sections as subtitles in your paper:
1) NAME the ORGANIZATION or Company you have chosen to examine, and give its address and other background information in a 1-2 paragraph summary.
2) Give the organization's MISSION STATEMENT.
If there is no mission statement, analyze information about the company and write a mission statement that includes what it does, whom it serves, and how it serves them (i.e., what value it provides, or what values underlie the organization).
3) Create an initial list or table of the major PRODUCTS, GOODS, or SERVICES (as categories) that the company produces and/or sells, with an explanation of each.
You will present more detail regarding what the company sells and to whom it sells what it sells in SLP02 #7-9.
4) Create a list of COMPETITORS for the business (if it is small) or a product category (if the company is quite large).
5) Discuss your company's POSITION in the MARKET place relative to competitors. In doing so, explain your company's strategies or COMPETITIVE ADVANTAGES.
Chosen organization, discuss its product mix and support services. Using the sections highlighted below as subtitles in your paper, please address the following issues:
6) List what you believe are TWO PRIMARY ATTRIBUTES on which your business competes (such as quality and availability), and create a positioning map showing where you place your organization relative to its primary competitors on these TWO criteria.
You should NOT use quality and price. Many textbooks follow this approach but this usually results in a linear arrangement of the products on a diagonal, with two empty cells! Either the products are of high quality with a commensurate high price or of low quality with a commensurate low price. It is hard to imagine finding products with high quality and a low price or low quality and a high price, i.e. Price and Quality are highly correlated and this invalidates a fundamental assumption of positioning maps, namely that the dimensions used are independent.
Therefore, choose more interesting and useful dimensions. For example, look at the underlying dimensions or attributes on which quality might be based. This approach is not easy but it is far more useful. For example, if you are describing the market for colas, you might choose TWO of the following: carbonation, sweetness, and type of sweetener. Or if you are describing the market for ice cream, you might choose TWO of the following: creaminess, sweetness, and type of sweetener. Though meaningful positioning is multi-dimensional (that is it requires more than two dimensions, for this exercise, so that you get a feeling for the process, you are being asked to use only two dimensions. In terms of the above examples, you might even want to think in terms of presenting descriptions of customers in terms of their motivations to choose one product vs. another.
Chosen organization, you will discuss its distribution systems. Be sure to refer to the taught materials thereby illustrating your learning.
In that regard, using the issues as subtitles in your paper, please address the following issues:
12) If your organization manufactures a product or products, describe how products get from manufacturer through the DISTRIBUTION channel to the final consumer.
13) If your organization manufactures a product or products, describe LOGISTICS or how products are transported (land, sea, air, etc.)-- or even how component parts are obtained for manufacturing.
14) If your organization is a retailer, describe the retail PHYSICAL FACILITY. From a distribution perspective iinclude its location, its exterior and interior appearance, and related place issues such as the decision-rules used to decide where products are located in the facility.
15) If your organization manufactures a product or products OR is a retailer, with regard to the product(s) (good(s) and/or service(s)) your organization offers, does your organization have a COMPETITIVE ADVANTAGE with its DISTRIBUTION channels or issues? Your answer should be a "Yes" or a "No" followed by your defense of why you chose Yes or No. Be sure to include references to the background materials to support your response.
analyze Promotion by the organization you chose for your Session Long Project. Promotion encompasses
Be sure to bring in illustrative materials to demonstrate your understanding of the marketing principles your company is following.
17) Analyze the promotion of your chosen organization relative to your products and markets as if you were making a report to management. Be as specific as possible and be sure to draw on Module 4 background materials in describing the INTEGRATION of the MARKETING MIX..
18) Briefly (1-4 paragraphs), explain if and/or how your organization has COMPETITIVE ADVANTAGE in PROMOTION? If it does not have competitive advantage in promotions, explain why it doesn't have that advantage.
19) Describe the PRICING STRATEGIES and TACTICS of your chosen organization using the proper marketing terminology. Pricing strategies can be simplistically referred to as ?above-the-market (higher than competition); at-the-market (same as competition); or below-the-market (lower than competition). You also can use terms such as ?skim pricing?, ?penetration pricing? or other terms you will learned in this module.
20) Analyze the pricing strategies and tactics followed by your organization. Be as specific as possible and be sure to draw on Module 5 background materials in describing the INTEGRATION of the MARKETING MIX. (This is the same question as you answered for product, distribution, and promotion; but for pricing).
21) Briefly, explain if your organization has COMPETITIVE ADVANTAGE relative to PRICING.© BrainMass Inc. brainmass.com December 15, 2020, 5:02 pm ad1c9bdddf
The response addresses the queries posted in 1515 words with references.
// Before writing this paper, we need to select a company for the discussion, we have chosen McDonalds. We will discuss its primary products and services, its core business, its markets, its competitors, and the major variables at work in industry. A detailed analysis of the company has been done by throwing light on its relative edge against its competitors//
McDonalds is the largest chain of fast food restaurant that was founded in the year 1940 in San Bernardino, California by Ray Kroc. The company is headquartered at Oak brook in U.S. Nearly 47 million customers are served each day in this restaurant. The total employees that were recorded in the year 2008 were 40,000. The restaurants of McDonalds are spread all over the world, in 119 countries and territories. McDonalds has expanded into many international markets, and the firm has become the symbol of globalization worldwide (McDonalds, 2009).
McDonalds' mission is to be the world's quickest serving restaurant by providing outstanding quality, service, hygiene and superior values to its customers so that the customers have a smiling face whenever they go to any restaurant (McDonalds Mission Statement, 2006).
The major products that the company sells are hamburgers, which include quarter pound hamburger, cheese burger, and double cheese burger. Also different types of chicken sandwiches are served, such as the premium chicken sandwich. Desserts include sundaes, cones pies, fruit and yoghurt perafit. Beverages include hot and ice tea, milk shakes and beer. Soup is also served in Portugal McDonald's and Mc Rice is served only in Indonesia. The company offers self service. The company also sold fashionable products like cell phones, digital camera and MP3 player online so that it can attract and target the right audience.
List of Competitors
A major competitor of McDonalds is Burger king which is situated in Miami, United States. Second competitor is Sub Way situated in Milford and third competitor is Yum situated in Louisville (McDonald's Corporation, 2009).
Position in the Market and Competitive Advantage
McDonalds has a strong market position as it is the largest fast food chain worldwide. It is one of the pioneering companies establishing itself as superior against its competitors. The company enjoys a leading market position as it has set up several industry standards. It has served as a benchmark for its other competitors. The competitive advantages of the company for ...
The response addresses the queries posted in 1515 words with references.