Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

The next stage of the marketing audit is for you to consider the market for your organisation and evaluate the opportunities and threats that exist for your chosen organisation. NB: if you have a number of markets it is a good idea to focus on just one.

Incorporating theoretical concepts into your discussion from chapters 2, 4, 5 and 6 of the text, and with the use of other theoretical sources and secondary research, please discuss the following:

1. Briefly describe the industry market for your organisation and evaluate current trends in:

a. Growth

b. Profitability

c. Macro environment ( PESTLE factor)

2. Describe the nature of competition in your industry. Explain and analyse your organisation's place in the market by comparing and contrasting its strengths and weaknesses to your main competitor.

3. Outline and examine the major market segments for your organisation and identify your primary and secondary target markets.

4. Discuss the level of involvement your primary segment is likely to have towards your organisation in terms of the decision making.

5. Taking into consideration the primary segment, their level of involvement and the competition, create a positioning map for the market place.

You need to select an Australian based organisation or you could select an International organisation but it needs to have a presence in Australia. (I.e. Apple is acceptable since you can purchase their products in Australia. Ensure that you review the Australian market and consumers.)

Given that companies usually have a wide product offering that may cater to different market segments, it is encouraged that you focus on 1 product / service to streamline your analysis.

Also, you need to select a B2C market so that you can profile your target markets effectively.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M93083355

Have any Question?


Related Questions in Business Management

Business plan evaluation access the internet and locate a

Business Plan Evaluation Access the Internet and locate a business plan for an enterprise that is similar to one that you are interested in developing. Write a two-page analysis report that addresses the issues below and ...

Explain change strategies give an example of change

Explain change strategies. Give an example of change strategy that a company could implement.

Leadership theories can differ from one department to

Leadership theories can differ from one department to another, as well as from one specific team to another. How might this directly affect the staff within the department or team?

Describe in 250 words or less why managing risks for an

Describe in 250 words or less why managing risks for an Mission trip project would be critical to its overall success? relate the answer to project management.

Write a java gui program that would facilitate text

Write a JAVA GUI program that would facilitate text chatting/exchanging between two or multiple computers over the network/internet, using the concept of JAVA socket programming. If you do not have any network environmen ...

What is the strategy of break talk are they succeeding or

What is the strategy of Break Talk? Are they succeeding or failing? Why?

1 what is the pepsico business model2 what is the reason

1. What is the PepsiCo business model? 2. What is the reason for incorporating the lean approach at PepsiCo? 3. What is the planning process for lean management operations in (PepsiCo)? 4. How to implement an information ...

Viva pisto a restaurant has received numerous complaints

?Viva Pisto, a restaurant, has received numerous complaints from customers about its slow service and unfriendly waiters. The management of the restaurant needs to address these complaints promptly and ensure that simila ...

Q explain the two real world examples of database what are

Q. Explain the two real world examples of database. What are they? How do people use them? Discuss at least one situation that would arise from problems in these database, such as redundant information, breach of informa ...

Examine service categories commonly provided by nursing

Examine service categories commonly provided by nursing homes. Determine two specific service categories that you believe are common factors of competition among nursing homes. Justify your response. Analyze the main ser ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As