Sony Product The first market mix element is Product. A product is anything that can be offered to a market for attention‚ acquisition‚ use or consumption that might satisfy a need or want. Product decision normally base on brand name‚ Functionality‚ Styling‚ Quality‚ Safety‚ Packaging‚ Repairs and Support‚ Warranty‚ accessories and Services. These product attributes can be manipulated depending on what the target market wants. Also‚ customers always look for new and improved things‚ which
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On October 3‚ 2001 the Japanese consumer electronic company Sony corporation and Swedish telecommunications company Ericsson was established a joint venture called “Sony Ericsson” to make mobile phones. Both companies have stopped making their own mobile phones and combine Sony’s consumer electronics expertise with Ericsson’s technological leadership in the communications sector. In order to market their products‚ Sony Ericsson used the marketing mix strategies which is consist of the “four Ps” such
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Describe the SWOT analysis and the VRIO model and compare them. Highlight their main similarities and differences. (25 points) (A 1½-page response is required.) Student’s Response The SWOT analysis is used to describe the Strength‚ Weaknesses‚ Opportunities and Threats that face a corporation. The purpose of this analysis is to identify the particular competencies that the corporation has as well as to identify the opportunities that they are facing but unable to take advantage of due to the
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important for organizations‚ such as Sony‚ to differentiate themselves from their competitors by enhancing the way their customers perceive and experience their brand and products. This has become more crucial for the success of Sony due to the fact that the demands and expectations of customers have changed. Today’s market is not only looking at the direct benefits of purchasing a product but also at the added benefits that come with it. More and more competitors of Sony have changed the way they interact
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there are few substitutes from other industries (if any); and most of them are seemed to be obsolete or have on foot out of the door‚ e.g. digit camera in the place of film camera and fax machines in place of overnight mail delivery. Consider that Sony has built a good reputation and strong customer loyalty‚ it effectively position the company’s products against product substitute to some extent; this is a surplus for the company. 2. Bargaining Power of Buyers (HIGH) The power of buyer is high
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document research the telephone manufacture and their financial statement to calculate the Z-score valuables and analysis the method to minimize the risk of bankruptcy. Our research draws attention to the fact that how to minimize bankruptcy risk of Sony Mobile corporation combine with company financial statements‚ management situation‚ and analysis of z –score valuables. The solution of the problem includes choose investment direction accurately. Enterprise must combined with their own situation
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strategies should be pursued. Sony could commence with the implementation of a new mission verbal expression‚ with profit and benefits of the company tied more proximately to everyday operations. Internally‚ the four forces‚ the management‚ the designers‚ the engenderment and the marketing should achieve better communication and cooperation. Coalition and cooperation between competitors should additionally be actively sort after in order to engender standards in new fields. Sony should aim at being the
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ENTERPRISE BUSINESS PLAN SONY CORPORATION Enter your name October 18‚ 2008 SECTION 1: CONTACT INFORMATION Name: Sony Corporation Designation: Howard Stringer‚ CEO Organisation: Sony Corporation Email Address: http://www.sony.com.my Contact No: 03 2295 0200 (Office) 03 2295 0408 (Fax) Mailing Address: 1-7-1‚Minota-ku Tokyo 108-0075‚ Japan. The Sony Corporation is mainly focused on the Electronics
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influential power in the political and economic arena. Sony Corp. and Metro-Goldwyn-Mayer‚ (MGM) are two firms which consensually merged in early 2005. Both are considered to be a conglomerate. They are highly compatible and recognized to have a strong hold in the motion picture industry; however‚ Sony has other units including electronic‚ and games. Sony is a foreign firm originated and based out of Tokyo while MGM was based in the US. Before Sony and MGM considered the acquisition they analyzed the
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........................................................... 6 CRM Implementation: ............................................................................................................................. 6 Comparative Analysis of Nokia and Sony Ericsson’s CRM: ...................................................................... 11 Major Findings: ..................................................................................................................................... 11 Conclusion:
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