The report of Lenovo ’s marketing strategy Author:Zhaofei(20095137) Niuyue (20095132) Grade and class: 2009-7 Time:10th‚May‚2012 Submitted to: Professor Yu contents SUMMERY-----------------------------------------------------------3 BRIEF INTRODUCTION----------------------------------------3 FINDINGS-----------------------------------------------------------3
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program on governance China’s Competitiveness Myth‚ Reality‚ and Lessons for the United States and Japan Case Study: Lenovo January 2013 CHARTING our future Authors Nathaniel Ahrens Yu Zhou a report of the csis hills program on governance China’s Competitiveness Myth‚ Reality‚ and Lessons for the United States and Japan Case Study: Lenovo January 2013 CHARTING our future Authors Nathaniel Ahrens Yu Zhou About CSIS—50th Anniversary Year For 50
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A Cost Leadership Strategy is based on the concept that you can produce and market a good quality product or service at a lower cost than your competitors. These low costs should translate to profit margins that are higher than the industry average. Some of the conditions that should exist to support a cost leadership strategy include an on-going availability of operating capital‚ good process engineering skills‚ close management of labor‚ products designed for ease of manufacturing and low cost distribution
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Lenovo: The Leading Chinese Computer Company Enters Global Competition Questions: 1- How did Lenovo make such a great change so quickly? Lenovo is a manufacturer of computers‚ tablets and smart phones. Its headquarters is located in Raleigh‚ North Carolina‚ United States‚ home of IBM ThinkPad group and in Beijing‚ China. It is also incorporated in Hong Kong. The company was founded in 1984 by a group of 11 engineers. In terms of weakness findings‚ Lenovo has shortcomings of late entry
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Cost leadership Strategy Strategy used by businesses to create a low cost of operation within their niche. The use of this strategy is primarily to gain an advantage over competitors by reducing operation costs below that of others in the same industry. For example‚ The Swedish furniture retailer Ikea revolutionized the furniture industry by offering cheap but stylish furniture. Ikea is able to keep its prices low by sourcing its products in low-wage countries and by offering a very basic level
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Lenovo computers: east meets west 1. What national sources of competitive advantage might Lenovo draw from its Chinese base? What disadvantages derive from its Chinese base? To identify the main national sources of competitive advantage that Lenovo might derive from Chinese based‚ first we should look more closely to the economy as for the long run. We can notice that china is near to become a globalized economy so this was so helpful for china to become a market leader through a rapid expansion
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Lenovo: Building a Global Brand 1. Why did IBM want to sell its PC business? Why did IBM sell to Lenovo? The reasons that IBM wanted to sell its PC business to Lenovo are: • • • To shed an unprofitable operation as the company saw the limitation and more competitors in the market. Selling its PC business to Lenovo would help them increase market share‚ especially in Asia. IBM shifted their business from producing PCs to concentrating on consulting service. Therefore‚ merging with another company
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best g gy enable Lenovo to efficiently maximize its total brand portfolio equity‚ which had been driven p q y mainly by Asia market perceptions of innovation and quality‚ and minimize p q y potential brand dilution from relatively low Lenovo brand understanding throughout the rest of g g the world? Key Brands in the Portfolio Alternative Branding Strategies 1. 2. 3. 4. 4 5. Lenovo as the ‘master brand’ Focus only on sub-brands sub brands Lenovo Think-- synergy Product
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Lenovo PESTLE Porters ’ five forces The founder was Michael Eugene Porter. He was a student of Harvard and invented its theory in 1979. Its 5 forces include: Competitors‚ Suppliers‚ New Entrants‚ Substitutes and Buyers. 5 Forces Introduction Lenovo In a continuously developing and changing society‚ a company faces a number of troubles and barriers. In order for a company to be successful‚ it needs to see outside its core. Taking a view of the external environment is crucial for the company to develop
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promotion strategy in China and how these promotion strategy can bring benefits to the company or satisfy the customers’ needs. 2. Statement of Issues to be investigated The issues to be investigated are to analyses the promotion strategy of Lenovo in Chinese market. Good promotion concerned with communicating information‚ concerning products and services and trying to persuade customer and market to try them. 3. Reasons for the choice of issue ➢ I know a lot about this topic
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