Preview

Hummel on the Chinese Market

Good Essays
Open Document
Open Document
9244 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hummel on the Chinese Market
BA IMK, Marketing Strategy, MA2

Contents
1. Problem statement ................................................................................................................ 1
1.1 Introduction............................................................................................................................... 1
1.2 Problem ..................................................................................................................................... 1
1.3 Methods .................................................................................................................................... 1
1.4 Delimitation .............................................................................................................................. 2

2. Overview of the Chinese market ......................................................................................... 3
3. PEST-analysis ...................................................................................................................... 4
4. Porters Five Forces ............................................................................................................... 6
5. Consumer Behaviour ............................................................................................................ 8
5.1 Market segmentation ................................................................................................................ 8

6. SWOT-analysis ................................................................................................................... 12
7. Hummel’s overall business direction ................................................................................ 13
8. Calculation of probability .................................................................................................. 14
9. The Marketing Mix ............................................................................................................ 16
10. The



References: Litterature Danish Companies in China: Towards a New Era in Internationalization? SPRØK (1997) Henry, Anderson (2008) Understanding strategic management, Samfundslitteratur Hinner, Michael B Knowledge Transfer, Cand.merc, IBS (2007) Kohli, Ajay K Propositions and Managerial Implications, Paper A Kotler, Philip (2003) A framework for Marketing Management (second edition), Pearson Education International Kotler, Philip (2009) Marketing Management, Pearson Prentice Hall Porter, Michael E. (1979) How competitive forces shape strategy, Paper C Rosendahl, Peter (Børsen, d Rosendahl, Peter (Børsen, d. 06.04.2010) Produktionen boomer over hele verden Websites Carlsberg’s homepage, Carlsberg Annual Report (2009) www.carlsberg.dk Page 28 of Det Centrale Virksomhedsregister, Hummel A/S (2008) Annual Report www.cvr.dk Ellos’ homepage www.ellos.dk Erhvervsbladet, Springborg, Søren and Rostgaard, Anders (2010) Danmark går glip af milliardmarked I Kina http://www.erhvervsbladet.dk/virksomheder/danmark-gaar-glip-af-milliardmarked-i-kina Erhverv På Nettet, Olesen, Jesper (2009) Hummel jagter kinesiske vækst http://epn.dk/brancher/mode/article1914938.ece Euromonitor: China – Clothing Industry, The urbanisation (2009), Consumer lifestyle (2009), Clothing and footwear (2009) http://portal.euromonitor.com/Portal/ResultsList.aspx Globalis, Chinese Statistics (2010) http://www.globalis.dk/Land/Kina/%28show%29/indicators IFU’s homepage http://www.ifu.dk/dk/Material+Folder/Pdf/Bestseller_China Kommunikatøren, Kiellberg, Jon (2007) Selv en humlebi kan flyve Månedsskrift for Praktisk Lægegerning, Schiøttz-Christensen, Erik (2006) Ét barns politiken i Kina http://www.mpl.dk/composite-264.htm?NewsId=628 Reuters, Chan, Edwin and Heavens, Louise (2008) Watch out Nike: China’s sports brands coming on fast http://www.reuters.com/article/idUSHKG13709320080221 Udenrigsminiteriet, Hvorfor er det vigtigt at Kina og Rusland er med i WTO? (2009) Landefakta Kina (2009) www.um.dk Videncenter for Turisme og Oplevelsesindustri, Cortsen, Kenneth H. (2007) Hummel, oplevelser og detailhandel, http://www.videncentervto.dk/hummel.pdf Interview Personal mobile interviewed with: Dorthe Jespersen, export manager, hummel (April, 2010)

You May Also Find These Documents Helpful

  • Powerful Essays

    Burberry need to scan their market segments in order to gain the most competitive advantage. Pestle analysis looks at the political, economic, social, technological, legal and environmental factors that affect an organisation providing a ‘comprehensive list of influences on the possible success or failure of strategies’ (Johnson, Whittington, Scholes, 2011). However, the three main changes that focused on in this essay are Economic, Social and Environmental factors. The economy within China is currently very stable; being a part of the 4 fastest growing economies in the world (BRIC: Brazil, Russia, India, China), it has made large strides in recent years in the business and industrial sector. , the country has sustained a continual rapid growth in term of GDP per person, indicating that each people is creating more and more values to the society resulting in the increase of the individual consumers’ purchasing power. Though the economic situation is seems to be good, the economic development does slow down a little and also with worrying trends such as high inflation rate and high property prices. According to the most recent news, the consumer price index rose 6.1 per cent from a year earlier in September, down from a three-year high of 6.5 per cent in July. Politically sensitive food prices, however, increased by more than 13 per cent. The overall economy has now slowed for three consecutive quarters. In this case, if Burberry were to expand into China they would need to be aware of the fluctuations within China over inflation rates; this has caused ripples in consumerism, as more people are saving money for necessities.…

    • 2630 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    Brasil Foods Case Study

    • 3467 Words
    • 14 Pages

    Porter, M., 2008. The Five Competitive Forces that Shape Strategy, Harvard Business Review, January, pp.78-93…

    • 3467 Words
    • 14 Pages
    Best Essays
  • Better Essays

    "We live in a world where lemonade is made from artificial flavoring and furniture polish is made from real lemons," said Mad Magazine's Alfred E. Neuman. Throughout history, the spice industry has evolved from primitive humans flavoring meat with leaves, to multi-billion dollar companies injecting chemical compounds into common foods; from tasting a few minute grains on entrées to feeling a discharge of natural and artificial flavors from exquisite candies, and from scavenging the world for priceless spices to inspecting every ingredient for harmful side-affects.…

    • 1612 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Marketing Mix .................................................................................................................18 3.1 3.2 3.3 3.4 Product Specifications...............................................................................................18 Pricing .......................................................................................................................20 Distribution................................................................................................................21 Promotion ..................................................................................................................22 Logo &…

    • 3825 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic Management

    • 5604 Words
    • 23 Pages

    The report argues on whether the company should internationalise and open a new BrewDog Bar in a foreign market, taking into consideration the main purpose of the internationalisation plan and the main theories. Included is also a research of the market opportunities on the French craft beer market with local competitors, market which is showing good signs of improvement over the last years, as many young people consume beer more often than the…

    • 5604 Words
    • 23 Pages
    Satisfactory Essays
  • Powerful Essays

    In 2007, Blackberry entered the Chinese market. RIM and China mobile jointly and TCL communication reached an agreement and thus, Blackberry began to be officially produced in China. In 2009, RIM established branches in Beijing. In order to expand its visibility, RIM Company has conducted a large-scale advertising campaign such as holding a press conference, a Blackberry mobile phone exhibition, cooperating with local mobile companies and professional introductions in mobile phone retail stores.…

    • 2105 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Clocky "the runaway clock"

    • 3170 Words
    • 107 Pages

    Marketing Management Clocky: The Runaway Alarm Clock António Silva | 152113211 Mariana Marques | 152113216 Mariana Paiva | 152113049 Sebastian Botero | 152113380 Professor Kyryl Lakishyk Index Executive Summary .......................................................................................................... 3 Analysis of the Clocky’s project ........................................................................................ 5 Segmentation and Positioning of Clocky .......................................................................... 7 Final Recommendation .................................................................................................. 10 Clocky’s design ............................................................................................................…

    • 3170 Words
    • 107 Pages
    Powerful Essays
  • Satisfactory Essays

    It is clear that in 2014 men are more fashion and image conscious evidenced by the UK aftershave market being worth a staggering £350 million. This market is oligopolistic in the fact that it is not solely dominated by merely one company many of the top companies producing aftershave also are well established in the clothing market such as Armani. Below is a marketing analysis for Armani with relation to the aftershave market.…

    • 701 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Chinese Champagne Market

    • 837 Words
    • 4 Pages

    Since China joined the WTO, Chinese government has lowered tariffs for thousands of imported products, and tariff rate of imported wine reduced from 10% to 30% on average. As a result of import tariffs and foreign wine merchants have become more and more important to the Chinese market, total import and export of Chinese wine industry increased steadily.…

    • 837 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Nestle in China

    • 382 Words
    • 2 Pages

    With the strategy of expanding business in China, since 1998 Nestle had 2 factories in Shanghai and Beijing that closed to water resources. They also acquired another factory of Yunnan Dashan Dinks in 2010 to increase capacity.…

    • 382 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    1. The Beef Jerky and Lettuce & Broccoli chips products are new and unique in Vietnam and will be easy to differentiate. Describe how your products are to develop sustainable competitive advantage in Vietnam.…

    • 3354 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    The Chinese Luxury Market

    • 273 Words
    • 2 Pages

    Up to now, Chinese bourgeoisie swore only by the famous international luxury brands such as LouisVuitton, Hermes or BMW. Today, some Chinese brands are trying to conquer a piece of the enormous cake: China will represent 20% (27 billion dollars) of the worldwide luxury market by 2015,. Watches, cosmetics, jewelry, spirits or clothing: here nine brands Qeelin NE Tiger Moutai Shang Xia Longio Hongqi Chow tai fook Herborist Dorian Ho which start to emerge and which hope to regild the image of the “made in China”. The brand Shang Xia was created by the French group Hermes to conquer the Chinese market only. For that, Hermes recruited the designer Jiang Qiong, also chairman of the company whose Hermes owns 90%. With 60% foreign customers with 40% Chinese , Shang Xia as well sells cashmere coats , furniture with zitan (an invaluable wood), or tea sets. After being launched in 2010 in Shanghai, the brand opened in September its second shop in China World, the luxurious Beijing business district. Its turnover would rise to approximately two million euros for 2011. After having started in the sale of fur and leather products in 1992, the brand Tiger (for Northeast Tiger – Tiger of Siberia) turned gradually to the haute couture. Today, its founder Zhang Zhifeng fixed himself for objective to reinvent the Chinese traditional dress. Its styles use ancestral techniques of weaving and silk embroidery. Tiger quickly imposed its « dna » at the fashion shows: the brand for example organized the launch of China International Fashion Week at the end of 2011. It opened six shops, the majority in malls with the great brands of the Western luxury.…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Chinese Business

    • 2070 Words
    • 9 Pages

    It is often argued that when business persons of different cultures negotiate commercial deals, there is bound to be a culture clash. I disagree with this view. It is true that cultural differences influence business negotiations but with the appropriate approach to deal with the differences, culture clash is to be least expected in any business negotiations, especially with the Chinese. As Sun Tzu would advised in his book The Art of War “Know your enemy and know yourself and you will win all battles” (Sun Tzu 1913). According to Newstrom and Davis (2002) there are many striking differences across countries, just as there are some surprising similarities. Clearly, residents of each country have their own preferences for clothes, food, recreation, and housing. In his research about national cultures of sixty countries, Hofstede (1993) revealed that cultures differ in five key factors namely, individualism/collectivism, power distance, uncertainty avoidance, masculinity/femininity, and time orientation. Among these factors, the Chinese have the culture that value clarity and have the kind of orientation that accent values such as necessity of preparing for the future, the value of thrift and savings, and the merits of persistence. Literatures on different cultures also classify China as high-context culture which tends to emphasize personal relations, place value on trust, focus on non-verbal cues, and accent the need to attend to social needs before business matters (Newstrom and Davis 2002). Culture is very important in certain country such as China. Huntinghon (2000) as cited by Fellner (2008) defined culture as the values, attitudes, beliefs, and underlying assumptions prevalent among people in a society. He stressed that culture is dynamic, interactive, and synergistic, and intermixes with all the elements of the society such as business and economic development (Huntinghon 2000; Fellner…

    • 2070 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Chinese Food

    • 705 Words
    • 8 Pages

    Chinese Food Catalogue Story 1 Chinese Traditional Staple Food Story 2 Chinese Characteristic Cuisine Story 3 Chinese Festival Food ❶ Chinese Traditional Staple Food 中国传统主食 ⒈ rice (米饭 ) Rice is the most common staple food (主食) in china. Different areas have different type of rice ,it tastes different .…

    • 705 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    hongkong food history

    • 1117 Words
    • 5 Pages

    The colony of Hong Kong was founded in 1831, which caused British and Western merchants to relocate there for the business opportunities. Over time, Hong Kong developed and there became a greater need for places to allow entertainment for the many businessmen in the colony. There were some Chinese restaurants that were founded at the end of the 19th century and beginning of the 20th century that were branch offs of the well known established restaurants. These places offered meals that were elaborate and enjoyable. For the Chinese who were not merchants, eating out in a restaurant was unheard of, so they simply enjoyed the food of peasants.…

    • 1117 Words
    • 5 Pages
    Good Essays

Related Topics