Preview

Houzit Homewares Bsbmkg609A Assignment

Powerful Essays
Open Document
Open Document
1687 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Houzit Homewares Bsbmkg609A Assignment
BSBMKG609A
BSBMKG609A

Rohit Chowdhary

Assessment 1
Rohit Chowdhary

Assessment 1

Company Introduction

For this particular marketing assignment we are looking at an organisation based in the leafy suburb of Brisbane. The business is a home wares stores chain by two friends and business partners who have invested quite a huge sum of money and are running the business smoothly, but as always see the need for more growth and more profits on balance sheet. The strategies of the business have to completely match or outlive that of the rivals of the business so as to meet and obtain any growth.
The current size of the organisation is not as big as some of the rivals in the area. The chain compromises of 15 stores and has a big head office and a management centre at Milton. Staff is also not as huge as some of the other hotels in the area. The strengths of the business are casual professional attitude to dealing with customer which many of them love as it gives them a feeling of home away from home and other strength of the business is the good repute that it has built over the years in the homewares world with its quality fittings etc. The weakness of the business being some of the rivals have better shelf products and have better prices and better visibility and presence in the market. Houzit business, in order to further the profits and help more financial and presence growth would have to take some steps and apply some marketing strategies and tactics in order to gain that profitability.
Organizational Review

This assignment is divided into two tasks: Task 1 is the preparation of a report and Task 2 relates to the development of a marketing plan for Houzit.

Houzit is considered to be a famous chain of homewares stores in Brisbane offering wide range of bathroom fittings, mirrors, bedroom fitting and decorative items to its customers. The analysis of each of the aspect of the company overview is provided under the following heads.

Strategic direction and

You May Also Find These Documents Helpful

  • Powerful Essays

    Mgt 415 Exam 1 Study Guide

    • 9681 Words
    • 39 Pages

    Format: 55 multiple choice questions and 2 essay questions. Please be able to define the following concepts as well as apply to various situations and scenarios. Also, there were several course concepts we spent more time discussing and engaged in exercises. Please make sure you really understand and can discuss and apply those concepts. Chapter 1 Strategy definition: A company’s strategy consists of the competitive moves and business approaches that managers are employing to compete successfully, improve performance, and grow the business. Strategy is about competing differently from rivals-doing what competitors don’t or, even better, doing what they can’t do. Every strategy needs a distinctive element that attracts customers and produces a competitive edge. Determining winning strategy- the three main questions: Fit Test: How well does the strategy fit the company’s situation? A winning strategy has to be well matched to the industry and competitive conditions, a company’s best market opportunities, and other pertinent aspects of the business environment in which the company operates. Competitive Advantage Test: Can the strategy help the company achieve a sustainable competitive advantage? Strategies that fail to achieve a durable competitive advantage over rivals are unlikely to produce superior performance for more than a brief period of time. Performance Test: Is the strategy producing good company performance? The mark of a winning strategy is strong company performance. Two kinds of performance indicators tell the most about the caliber of a company’s strategy: (1) profitability and financial strength and (2) competitive strength and market standing. Business Model: Sets forth the economic logic for making money in a business, given the company’s strategy. It describes two critical elements: (1) the customer value proposition and (2) the profit formula. The customer value proposition lays out how a company will satisfy the…

    • 9681 Words
    • 39 Pages
    Powerful Essays
  • Powerful Essays

    The objective of this assignment is to conduct an early analysis, identify and evaluate all the marketing factors and develop a DETAILED PLAN with key facts, data and marketing points under relevant headings in preparation and assisting with the major assignment. You are required to conduct research, read widely and draw information from current affairs, and from the relevant sections of the material covered in lectures and tutorials.…

    • 3054 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    In today’s world of business there are many competitive challenges that are faced while attempting to stay relevant and successful in the business industry. Throughout this paper two companies will be discussed. The first for failing to stay relevant is Circuit City, whose attempt at remaining successful as a retail business was short lived. The second company to be discussed is Johnson & Johnson, who remained successful throughout the many years they have been in business. There are many reasons why a business may fail and many reasons why a business can become and remain…

    • 2103 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    YOU DECIDE Case study

    • 705 Words
    • 3 Pages

    The consumer product proposal presented by the marketing director lists all the relevant information necessary to create a marketing plan. It first introduces the target segment which the product will be designed and marketed to. Skipping this step can result in the product’s failure and millions of dollars wasted in ineffective advertising. Secondly, it lists all of Graves Enterprises’ main competitors and briefly cites their distribution channels.…

    • 705 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Houzit assortment of lighting fixtures for the market to add the category to determine the feasibility of conducting market research. Specific category, lighting accessories, home goods market is part of. Home of goods in the domestic industry are intertwined with new housing and renovations.…

    • 606 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    This assignment is divided into two tasks: Task 1 is the preparation of a report and Task 2 relates to the development of a marketing plan for Houzit.…

    • 927 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Plan: Phase 1

    • 1630 Words
    • 7 Pages

    This marketing plan will give an overview of the existing organization and describe a new product or service. An explanation of the importance of marketing for the selected organization’s success will be addressed. A SWOTT analysis on the new product or service will be written. In addition, the marketing research approach used to develop the marketing strategy and tactics for this new product or service will be stated (University of Phoenix, 2011).…

    • 1630 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Marketing strategy: here the strategy for achieving the objectives will be explained and the target group will be described in detail as well…

    • 6516 Words
    • 27 Pages
    Powerful Essays
  • Good Essays

    Haddad Homes

    • 895 Words
    • 4 Pages

    2- In order to have a life opportunity, a company should understand the nature of the operating environment and manage to identify how best to gain a competitive advantage over rivals. Haddad Homes carried out an audit of its current position which identified the areas of weaknesses, strengths, & changes in its competitive environment. This SWOT analysis should help building forward-thinking strategies to exceed expectations of stakeholders in order to have a life opportunity. Strengths, weaknesses, opportunities, & threats are basic information needed to evaluate a business advantages & disadvantages on a certain point in time. In order to have a life opportunity, strengths should be maintained, weaknesses converted into strengths, opportunities invested in, & threats avoided. For Haddad Homes, one of the major threats is the government insistence on a change in emphasis in local development plans which is a new challenge for Haddad Homes which tries to convert this threat into an opportunity by keeping homes in the Brownfield area distinct from rival offerings to stay ‘ahead of the game’. Another threat is that the market is now very crowded & innovations by one company is being copied by others in a small period of time. In order to overcome this threat, Haddad Homes always tries to have an apparent differentiation versus others thus trying to keep a competitive advantage over others. This was achieved by reviewing the operations details thus…

    • 895 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Marketing and Entry Mode

    • 19453 Words
    • 78 Pages

    O.C Ferrell, Michael D. Hartline (2005) “Marketing Strategy”, Chp. 5, Managing Customer Relation, Pg. 114, Published by Thomson South Western Development of log…

    • 19453 Words
    • 78 Pages
    Powerful Essays
  • Powerful Essays

    In this paper, Firm O will provide an analysis of how it’s product portfolio has developed and how their portfolio compares in relation to their competitors in the Sonite market using the BCG model as a basis for comparison. Following this analysis, the paper will analyse the Sonite and Vodite markets and their individual segments in terms of consumer perceptions, size, growth potential. After considering these markets, the opportunities and threat that exist within these markets.…

    • 5120 Words
    • 21 Pages
    Powerful Essays
  • Best Essays

    A Virtual Business Design

    • 3218 Words
    • 13 Pages

    This report aims to use industry statistics, theory, and literature of management to outline key aspects of the boutique hotel chain, Zahra. It will specifically look at Zahra‟s mission statement and goals based on an analysis of the country, industry, and firm environment; as well a reflection on corporate citizenship, and company ethics. Additionally, this report will look at how senior managers of Zahra will work together to resolve the problems that arise when running the business. Finally this report will briefly conclude, reflecting on how successful the decision making process was and what the firm recommends for the future. Readers of this report should assume its part of a five year plan, where each team member has a vital role in the organisation (Appendix A).…

    • 3218 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    mkt strategic marketing

    • 9888 Words
    • 40 Pages

    The primary objective of this course is to help you develop skills and gain experience in analyzing a business’s situation and then formulating, implementing, and monitoring marketing strategy in a competitive environment. The course will focus specifically on issues such as selecting segments in which to compete, developing meaningful points of differentiation and positioning statements, allocating resources, designing products, setting and managing prices, developing and managing distribution strategies, and developing and managing promotion strategies.…

    • 9888 Words
    • 40 Pages
    Powerful Essays
  • Satisfactory Essays

    Bud Light Target Market

    • 599 Words
    • 3 Pages

    Perreault, Jr., W. D., & Cannon, J. P., & McCarthy, E. J. (2010). Essentials of marketing: a marketing strategy planning approach (12th ed.). New York, NY: The McGraw-Hill Companies, Inc.…

    • 599 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    hhkjadshfjkadhf

    • 2642 Words
    • 11 Pages

    A wholesale firm supplying leather goods, established in 1990, has expanded rapidly over the last few years. It was originally located in North Sydney, but outgrew that location and relocated to a new site in an industrial estate in western Sydney.…

    • 2642 Words
    • 11 Pages
    Powerful Essays