Marketing Strategies for SONY Xperia

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An EMPLOYER PROJECT PROPOSAL for Table of Contents Page No. 1 Executive Summary.........................................3 1.1 Synopsis of Situation Analysis.........................3 1.2 Key Aspects of the Marketing Plan......................3 2 Situational Analysis......................................4 2.1 Market Characteristics.................................4 2.1.1 Market Segmentation................................4 2.1.2 Market Needs.......................................5 2.1.3 Market Trends......................................5 2.1.4 Market Growth......................................5 2.2 SWOT Analysis..........................................6 2.3 Competition and Product Comparison.....................7 2.3.1 Product............................................ 8 2.3.2 Price.............................................. 8 2.3.3 Place.............................................. 8 2.3.4 Promotions.........................................8 2.3.5 Brand Awareness....................................8 2.4 Key Success Factors....................................9 2.4.1 Add to flagship Xperia line-up in a timely manner. .9 2.4.2 Build strategic partnerships with network operators in Malaysia..............................................10 2.4.3 Extend Smartwear concepts.........................10 2.4.4 Growing the range of smartphone companion products 10 2.5 Critical Issues.......................................10 3 Marketing Strategies.....................................11 3.1 Corporate Mission Statement...........................11 3.2 Objectives............................................12 3.2.1 Marketing Objectives..............................12 3.2.2 Financial Objectives..............................12 MKT6205 – Marketing Management Individual Assignment Page 1

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This is this assignment that discuss more on marketing strategies for Sony Xperia new product launch.

Transcript of Marketing Strategies for SONY Xperia

An EMPLOYER PROJECT PROPOSALforTable of ContentsPage No.1 Executive Summary..............................................................................31.1 Synopsis of Situation Analysis.........................................................31.2 Key Aspects of the Marketing Plan..................................................32 Situational Analysis............................................................................... 2.1 Market !haracteristics....................................................................2.1.1 Market Segmentation...............................................................2.1.2 Market "ee#s............................................................................ $2.1.3 Market %ren#s...........................................................................$2.1. Market &ro'th..........................................................................$2.2 S()% Analysis................................................................................*2.3 !ompetition an# Pro#uct !omparison.............................................+2.3.1 Pro#uct..................................................................................... ,2.3.2 Price......................................................................................... ,2.3.3 Place......................................................................................... ,2.3. Promotions................................................................................ ,2.3.$ -ran# A'areness......................................................................,2. Key Success .actors......................................................................../2..1 A## to 0agship 1peria line2up in a timely manner..................../2..2 -uil# strategic partnerships 'ith net'ork operators in Malaysia132..3 Exten# Smart'ear concepts...................................................132.. &ro'ing the range of smartphone companion pro#ucts.........132.$ !ritical 4ssues................................................................................ 133 Marketing Strategies........................................................................... 113.1 !orporate Mission Statement........................................................113.2 )56ectives..................................................................................... 123.2.1 Marketing )56ectives..............................................................123.2.2 .inancial )56ectives................................................................123.2.3 Manufacturing )56ectives.......................................................133.2. Pro#uct 7evelopment )56ectives............................................133.3 Strategy an# %actics......................................................................133. %arget Market................................................................................1MK%*23$ 8 Marketing Management 4n#ivi#ual Assignment Page 1An EMPLOYER PROJECT PROPOSALfor3.$ Positioning.................................................................................... 1$3.* Strategies..................................................................................... 1*3.+ Marketing Strategies.....................................................................1*3.+.1 Pro#uct Strategy.....................................................................1*3.+.2 Pricing Strategy......................................................................1+3.+.3 7istri5ution 9Place: Strategy...................................................1+3.+. Marketing !ommunication 9Promotion: Strategy....................1,3., Marketing ;esearch......................................................................1/3.,.1 Pro#uct 7evelopment.............................................................1/3.,.2 -ran# A'areness processing po'er PlayStation certi@e# 23.+MP rear cameraTable 1/ Seg!ent Nee$s an$ Corres%on$ing &eatures *Source/ Tan et.al 0 #112,%heSonyMo5ileB market isgroupe#intoconsumeran#5usinessmarket5ase#ontheirhomogeneouspreferences. .romthenee#25ase# segments= 'e then #etermine# the #iJerent lifestyle=5ehavioural= age an# occupation into 'orking an# non2'orking9stu#ents: to make the segment i#enti@a5le. .rom the perspectiveof segment attractiveness an# pro@ta5ility= the 'orking groups aresegmente#intoprofessionals= me#ical usersan#skille#'orkers.0 #118,2.2 SWOT AnalysisS()%analysis9Figure1)isvital ascompanies'ill capitaliseontheir strengths= minimi>e 'eaknesses= exploit market opportunitiesan#avoi#threats. .irstly= SonyMo5ilea5letoseekfor alot ofopportunities that utili>e their strengths of innovative ne'smartphoneBs features 5y their strong ;N7 team to ful@l the gro'ingstrong customer #eman# on more smartphonesB features an#functions such as 'aterproof an# high Cuality. Secon#ly= thestrengthen of the net'ork capa5ilities in Malaysia an# lo' tariJ ofservice provi#ers provi#es a##itional opportunities for Sony Mo5ileto sho'case their strengths of high Cuality pro#ucts into the market.SonyMo5ile'ill 5ea5letoexpan#their 5usinessreache#'ithMK%*23$ 8 Marketing Management 4n#ivi#ual Assignment Page *An EMPLOYER PROJECT PROPOSALforthese greater opportunities. %hir#ly= the Mltra S%AM4"A mo#e in A3provi#es longer lasting 5attery performances that ful@l the nee# oftherisingnum5ers of /3=333international stu#entsinMalaysia.Surveyearlier sho'sthat stu#entsreCuirelonger lasting5atteryfeatures to run the higher computing po'er of smartphones. uki inFigure2= their missionaimstocom5ine SonyVs innovative state2of2art technologies= services=interfaces an# other assets to unleash the po'er of O)ne SonyP inthesmartphonein#ustriesthatinspire#reams= ful@l curiosityan#enrich lives 9Sony !orporation= 2313:.&igure #/Son" Cor%oration Presi$ent an$ CEO0 Mr >uni!asa SuBu+i3.2 O&'ecti(esSony Mo5ile a5leto5oost gro'th an#construct ne'value 5yattainment of the su5seCuent o56ectivesD3.2.1Marketing )56ectivesAccor#ingtoMr 7ennis vanSchie= Sony Mo5ileBs mission is toreinforce to the 'orl# that Sony makes smartphones an# ta5lets asSony is a 'ell2esta5lishe# 5ran# name glo5ally 9Sony !orporation=2313:. SonyMo5ilehastostrengthentheir presenceinMalaysiamarket 5ycreatingmoreretail2focuse#organi>ation5yengaging'ithcustomersatall levels. -esi#esthat= it isalsoimportant to#elivercorporatevaluetotheircustomersan#partners. (iththegreat opportunitiesan#untappe#mo5ilesmartphonesB consumermarketmentione# in !hapter2.2 S()% analysis=there isagreatopportunity for Sony Mo5ile to capture a great portion of share inthis market 5y ?to 1?5y next 3 years= #espite the stiJMK%*23$ 8 Marketing Management 4n#ivi#ual Assignment Page 12An EMPLOYER PROJECT PROPOSALforcompetitionamongtherivalsinMalaysia. Also= toincrease5ran#a'areness amongst the 2*23* age groups from 1? to *3? 5y next3 years.3.2.2.inancial )56ectives(e have set aggressive 5ut achieva5le @nancial o56ectives in Table5 for the @rst 3 years. %he @nancial o56ectives are as state# 5elo'D2 %o increase the sales revenue 5y 32? 5y the en# of .F 231$ %o increase sales volume 5y $? 5y the en# of .F 231$Table 9/ &inancial Ob4ecties for Son" ?%eria @8*E 1 -SFG RM8.2;,3.2.3Manufacturing )56ectives4n or#er to meet their marketing o56ectives= SonyBs other #ivisionssuch as manufacturing #ivision nee# to 'ork han#2in2han#. SonyBsmanufacturing o56ective is to uphol# their Cuality 5y their capa5ilityto pro6ect #eman#s= grasp timely procurement an# controlinventories 9Sony !orporation= 2315:. 3.2.Pro#uct 7evelopment )56ectivesSonyBs pro#uct #evelopment o56ective is to #iJerentiate their mo5ilesmartphone pro#ucts an# create ne' pro#ucts an# services as partof their0agship1periaRthatWcreatene'lifestylesWan#WenrichpeopleVslivesWinmo5ilespaces. 4ntermsof #evicetechnologies=Sony strategies to focus on picture sensors= 5atteries an# lo' po'erconsumption technologies. As part of SonyBs Wotler0 1==2,Su5seCuently gro'th is the main priority for the marketing strategy.AnsoJmatrixi#enti@esfourpossi5legro'thstrategiesthat SonyMo5ile can pursue accor#ing to the market situation= as eachstrategy presents uniCue opportunities= threats= resource an# risks.7uetothematurityof themarket i#enti@e#earlier= thematrixi#enti@esthat themost suita5legro'thstrategyat thisstageisMK%*23$ 8 Marketing Management 4n#ivi#ual Assignment Page 1?An EMPLOYER PROJECT PROPOSALforMarket Penetration= 5y selling existing pro#uct to existing markets=5ut increasing the Cuality= pro#uction= marketing an# colla5oration.3." Target Market !urrently= Sony Mo5ile targets all age categories for its smartphone.Accor#ingtosurvey'hichiscomplete#5y$3?malean#+?female= 'e 'ill target the segments 5elo' that 'ill provi#e gro'thopportunities for Sony 1peria A3D &eographic Segments 2 aroun# ationpatterntotarget thesethreegroups9Table6:= 'hichares+ille$6or+ers=%rofessionalsan#cor%orate users.Target Mar+ets Custo!er Nee$s Corres%on$ing &eatures'(ene)tsProfessionals *Consu!er Mar+et, Kigh Cuality camera Kigh processing po'er an# more #ura5le to perform many functions !onvenient an# mo5ile access to email an# 'e5 -uilt2in cell phone (ireless emailG'e5 access from any'here Lua#2!ore2.$ &K> processing po'er 23.+MP rear cameraCor%orate -sers *(usiness Mar+et, Mp#ate= access an# exchange #ata Photograph situations to maintain a visual recor# !onvenient an# mo5ile access to email an# 'e5 Lua#2!ore2.$ &K> processing po'er 23.+MP rear camera 'ith $.2 inch screen si>e 913,31 1/23 resolution: (ireless emailG'e5 access from any'hereS+ille$ .or+ers *Consu!er Mar+et, )rgani>e an# access contacts= sche#ule #etails an# 5usiness an# @nancial @les 7ura5le to 5a# con#ition (ireless emailG'e5 access from any'here Lua#2!ore2.$ &K> processing po'er 4P*, #ust N 'aterproofTable :/ Target Mar+ets for Son" ?%eria @8MK%*23$ 8 Marketing Management 4n#ivi#ual Assignment Page 1$An EMPLOYER PROJECT PROPOSALfor3.$ Positioning Positioning is the act of #esigning a companyBs oJering an# imagetooccupya#istinctiveplaceinthemin#sof thetarget market9Kotler= 2312:. 4t is the key factors of #eveloping marketing mix 9P:..rom the frame of reference 5y i#entifying target market 9Chapter3.4: an# relevant competition 9Chapter 2.3:= Sony 1peria A3Bspoints2of2#iJerencearehighCuality932.3?: as sho'ninearliersurvey. 4n a##ition of the target market nee#s= consumers a5le toen6oytheir Cualityfeaturessuchaslongest 5atteryperformance9meanX.$:an#higherCualitycamera9meanX.3$:featuresasmentione# in !hapter 2.3. Points2of2parity for 1peria A3 are a5le toaccess 'e5 an# email from any'here an# high processing po'er tomanage #ata an# sche#ules. Msing pro#uct #iJerentiation toachieve competitive a#vantage= 'e are positioning Sony 1peria A3as the most high Cuality smartphone 'ith long lasting 5atteryperformance an# goo# camera Cuality for professionaluse to a##value on their #aily 5usiness routines. )ur propose# tagline 'ill 5eHT3e best I-ALJTY for t3e (ESTK3.) StrategiesSony1periaA3'ill use5othpushan#pull strategies. %his'illincrease the a'areness level of Sony 1peria A3 features among thetarget market to 5uil# 5ran# loyalty. )n the other han#= it helps toencourageinterme#iaries tocarrytheSony1periaA3mo#el toincrease its presence in the market. 3.* Marketing Strategies3.+.1Pro#uct Strategya a.estive Promotion an# &reeting !ar#sSales xxxxx !hinese "e' Fear3 Pro#uct aIi#eo on Foutu5e an# .ace5ookSales!ommunicationxxxxx/ Pro#uct = ation ofation in the AmericasD A vital linkage. Journal of "u#ine## 'e#ear+h= 3,91:= pp. 321*.7oyle= P.= 1//,. $ar,eting $anage%ent an! .trateg-= 2n# e#. Prentice Kall.Euse5io= ;.= An#reu= _. e= M. P.