Top-Rated Free Essay
Preview

an appropriate generic strategy to position your printing business unit in its competitive environment

Powerful Essays
1291 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
an appropriate generic strategy to position your printing business unit in its competitive environment
Steps need to be followed to strategise printing business:-

• Planning for a brighter future starts with analyzing inner strengths, weaknesses, opportunities and threats. Internal evaluation coupled with an environmental scan of the competitive landscape.

• Differentiate your firm - It’s all about creating a unique value proposition. Start with your SWOT analysis. Everything is fair game (e.g. technology, experience, certifications, commendations, price, value, etc.).

• Invest in technology - Examples would include Web software that would allow customers to place and track orders, ERP suites, HR software applications, and other industry-specific technology.

• Identify new markets - Typically the more avenues of distribution you have, the better off you are. If, for example, you cater to the commercial market, consider the government space or even the aerospace and the aircraft sectors.

• Enhance your Website - Your Website should be optimized so that it becomes a powerful Internet marketing platform for generating sales leads contributing to both short and long-term growth of sales.

• Invest in Training - Great companies realize the value of their employees and staff development. Don’t wait for the upturn to focus on training. Trained employees are more confident, productive and resilient.

• Forge strategic alliances - Understand your core competencies, know what customers are looking for, and forge strategic partnerships to shore up your product and service portfolios.

• Trim costs surgically - Across the board cost cutting is risky at best. Analyze expenses with your key staff, one line item at a time. This way you can make strategic cuts, one cut at a time. And most importantly should be the last resort.

• Optimize your advertising effort - Go beyond traditional print advertising in trade journals and other publications. Be creative and don’t discount using Web-based technology (e.g. pay-per-click advertising). And be sure to track the ROI for each activity to make your money count!

• Build a strong sales force - Develop a unified sales team focused on customer needs and expectations. Indeed, your sales representatives should become business partners to your customers. Following are main items of printing business:-
• Banners
• Booklets
• Bookmark
• Brochures
• Brochures and catalogues
• Business Cards
• Calendars
• Carbonless Forms
• Catalogs CD & DVD covers
• CD Inlays
• Color Copies
• Custom Logo Design
• Envelopes
• Fliers & Trifolds
• Invitation and greeting cards
• Letterhead and envelops
• Magnets
• NCR Forms
• Notepads
• Post cards
• Posters
• Presentation Folders
• Product Labels
• Promotional products
• Rack Cards
• Rip Cards
• Rolodex Cards
• Sell Sheets Stationery
• Stickers
• Thesis Printing
• Trading Cards
Few examples of Top Commercial Printing Industry Competitors to strengthen printing business in competitive market are:-

Ø Printers Accutech infosystems Pvt. Ltd.
Ø Dalven Digital Services Pvt. Ltd.
Ø Graphic International
Ø Hcl Infinet Ltd.
Ø Jay Digital Graphics
Ø K.G.N. Xerox
Ø Karshak Art Printers
Ø Kimm's Digital
Ø Mr. Ads Designers & Printers
Ø Om Sai Rubber Stamp Maker & Plastic Works
Ø R.K. Graphics
Ø SV Digital Imaging Pvt.Ltd.
Ø Sai Sandeep Enterprises
Ø Singhania Offset Printers Pvt.Ltd
Ø Sandhya Printing Works
Ø Shri Gunti Offset Printers
Ø Sree Designs Advertising Services
Ø Sri Satyanarayana Agencies.
Ø Suhas Print Media
For positioning of printing business, we should go by the trends of market which are mentioned below:-
Transition to Digital Technology Digital presses have become the norm in commercial printing; industry growth is coming almost entirely from digital printing. The commercial printing industry is shifting to faster production of smaller order quantities with more color, the major benefit of digital printing over offset and other printing methods. While digital inkjet printers began at the small end of printers, technology is increasingly able to make digital printers with greater capacity.
Operations & Technology A typical commercial printer has different presses and binding equipment available to work on various types of jobs. The main printing process used is offset lithography, using either individual sheets (sheet fed presses) or continuous rolls of paper (web presses). Sheet fed presses print up to 16 pages of letter-sized product (a 16 page "signature") at a time, at speeds up to 15,000 impressions per hour. Web presses print 32 pages at a time at speeds over 40,000 impressions per hour, and are usually used for production runs of more than 50,000 copies. Presses usually print in one, two, four, or six colors; some presses can print eight. Digital presses are still used primarily in specialty applications. Paper is the biggest individual manufacturing cost, often amounting to 25 percent of revenues. Printing papers are often coated, and are bought in sheets or rolls from distributors. Some customers provide their own paper, but most is bought for customers, with a modest price markup. Paper prices can vary significantly from year to year. Digital technology is changing the competitive landscape of the commercial printing market. Prices for digital color pages are falling below offset printing prices and companies who fall behind in the shift to digital printing are at risk.
Sales & Marketing The largest single market for printing services is advertising, for newspaper inserts, magazines, and direct mail materials. Although some work may be done regularly for large customers under long-term contracts (magazines, product catalogs, and phone books), most is on a project basis, often after a bidding process. Work may be episodic and many printers keep extra presses to meet anticipated peak demands. Marketing is usually done by a traditional sales force calling on potential customers.

Commercial printing is a local business. Small printers can compete effectively with large ones because the small size and high variability of most printing jobs means that few economies are achieved by having larger presses. The high degree of personal attention that most print jobs require, such as client approvals of proofs and "press checks" during actual printing, means that customers prefer to use a local printer. Price is often a secondary consideration to quality and timeliness. Some types of printing, such as magazines and catalogs with large print runs, are more effectively handled by large printers.
Innovation
Coming up with innovative marketing strategies to market your business, does not have to be difficult. There are a number of paths that one can follow, which can be highly successful, to help you create marketing approach that fits one’s needs and budget. Rather than slide into the busy fourth quarter with the same old marketing bag of tricks, you can get a jump on your competitors by embracing new tactics for increasing leads and sales. Always be alert to new opportunities, ideas, to market your business. An example is you can give direct access to your regular customers through internet by remote printing software giving them a unique id account so that they can directly send the files to the work station.
Finance
Commercial printers generally keep low material inventories and don't require inventory financing. Receivables are generally collected within 60 days, and are sometimes financed. Equipment is often financed, or is leased. Presses have become more expensive, though more versatile, because of computerised controls and enhancements. Some printers have difficulty maintaining adequate workplace air quality standards, and emit pollutants into the air, mainly because of solvents in ink and the solvents used to clean ink from printing plates. Some printers also generate toxic wastes because of inks and solvents. Workplace safety may also be a problem, although the illness and injury rate has decreased rapidly in the past decade.
Human Resources Production personnel in commercial printing plants include employees with special skills in operating complicated machines, Computer operators, Graphic Designers, Creative Designers, and lower-paid, relatively unskilled workers. The number of people employed in commercial printing has been declining in the last five years, as more of the work has become automated. The industry’s annual injury rate is comparable to the national average for all industries.

Above mentioned things will definitely help to position/strengthen printing business unit.

You May Also Find These Documents Helpful

  • Good Essays

    The other goal is to manage the website content. Managing the amount content on the website will create a visual and financial foundation which will be beneficial for the customer and owner. Elements of design and graphic which includes color, number of words per line, tastefully images, animation and/audio, images, and etc. Also music, color and lighting can influence the shopper to spend time and money (e.g., Herrington and Louis, 1994). These elements will attract customers to purchase items from the website. Attracted customers will be profitable for the…

    • 688 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mark3054 Notes

    • 2830 Words
    • 12 Pages

    Explore a new opportunity Check for any threats in the market Identify our strengths Identify or weaknesses…

    • 2830 Words
    • 12 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mkt 421 Week 3

    • 782 Words
    • 4 Pages

    The SWOT analysis guides an organization to look at the position of the company against competitors and identify their strengths, identify, capitalize and exploit the opportunities the company has, recognize where the company needs to strengthen their position, and distinguish the threats that will directly affect the company if neglected. SWOT analysis support strategic management process because it help to develop the strategy a company make to improve their position in the industry. It is the framework that spawns innovation in an organization.…

    • 782 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Case Study Netflex

    • 619 Words
    • 3 Pages

    One of the best ways to develop a picture of a company is with the SWOT analysis, a look at the company’s strengths, weaknesses, opportunities and threats.…

    • 619 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Kayem Foods Case

    • 1100 Words
    • 5 Pages

    A great way to look at the problem at hand is to look at the things the firm has going for them and against them, more specifically a SWOT analysis. This will help us make a more informed decision that will benefit the firm.…

    • 1100 Words
    • 5 Pages
    Good Essays
  • Good Essays

    B120 Ema

    • 2372 Words
    • 10 Pages

    In order to grow the business, I have completed a SWOT analysis table, looking at the headings of the HRM, accounting and finance and the marketing departments as all of the findings need to be taken into account when making any business decisions. Below I have shown my swot analysis table. This is used to ensure that I have taken all aspects of the business into account before I analyse where the strengths and weakness of the company lie.…

    • 2372 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Building a new skyscraper New ad campaign Launching a rocket Developing a new product Opening a new branch Improving the services provided…

    • 999 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ultrasound Systems Market to 2019 - Technological Advancements, Wide Applications and Device Portability to Drive Future Growth…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Sollu Text

    • 259 Words
    • 2 Pages

    c. Explain three to five online strategies you can use to let your customers and non-customers know about the changes to your website.(Need based, Variety based and Access based) e-marketing through emails,…

    • 259 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Offers. Offers are exactly as important as in traditional marketing strategies. No offer, no sale. On the internet, you may only get one chance to elicit an action from a web site visitor before they exit your site or an email reader before they hit the DEL key. It’s your offer that will make the difference. A good internet marketing strategy is always testing and evaluating different offers to optimize their effectiveness.…

    • 270 Words
    • 2 Pages
    Good Essays
  • Best Essays

    61493168 MEDNET Analysis

    • 3120 Words
    • 13 Pages

    increase traffic to its site. The site can do this by utilizing traditional media (e.g., print newspaper ads, print phone…

    • 3120 Words
    • 13 Pages
    Best Essays
  • Satisfactory Essays

    • The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.…

    • 713 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Blue Ocean

    • 6172 Words
    • 25 Pages

    Perform As-Is Analysis to Compare Current Strategy of XYZ vs Competitors Explore Pathways to Breakaway from Market Boundaries to look for Bigger Playing Field Brainstorm and Agree on the To-Be Strategy for XYZ…

    • 6172 Words
    • 25 Pages
    Satisfactory Essays
  • Better Essays

    Strengthen a home-grown web portal and offer it as a registered service to existing customers. This means creating their own internet presence and developing a long-term strategy of using the internet as a direct channel for their customers.…

    • 1566 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Canon Marketing Strategy

    • 3154 Words
    • 13 Pages

    Business organizations are constantly seeking ways to enhance their performances in order to compete actively and aggressively in the market. Profit-seeking organizations have long recognized the importance of creating value in the products and services they offer to the customers all in the common objective to deliver commercial goods efficiently in order to increase the satisfaction of the existing customer-base. Aside from inculcating loyalty among the members of the clients and customers of a business organization, companies are likewise aware of the need to widen and extend the reach of the company’s products and services to new markets in order to increase its share on clients and customers. Strategies, plans and techniques in the areas of operations, communication and marketing, sales, supply chin, logistics, research and development, performance measurements as well as social and corporate obligations and responsibility are continuously improved all for the benefit of the target market. Once companies become successful in…

    • 3154 Words
    • 13 Pages
    Powerful Essays

Related Topics