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Assessment Task 2: Marking Criteria Form For "Individual Written Assessment Task 2" (40%)
Assessment Task 2: Marking Criteria Form For "Individual Written Assessment Task 2" (40%)
Marking Criteria
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Contents
ASSESSMENT TASK 2.............................................................................................................................................1
NIKE.................................................................................................................................................................... 3
Wal-Mart..............................................................................................................................................................5
TOYOTA.............................................................................................................................................................6
HSBC................................................................................................................................................................... 7
References............................................................................................................................................................9
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NIKE
Delivery or Distribution
If the delivery or distribution is good or more efficient than there will be more profit and more
sales. If the organisation focuses on the delivery of product they will gain more profit, delivery
should be of right product at right time, and it leads t customer satisfaction. The high or
superior cost product should be given to convinced distributors and whereas low cost product
should be sold on discounts in wall mart (Jeannet J, 200, pp 44).
Nike is leading sports brand. It provides contacts to some famous celebrities related to sports.
Nike also focused on value of advertisements with respect to mass media (Goldman S, 2010)
Price or cost
Nike mainly targets those customers who cared about products quality and service rather than
price. This is the major point due to price will not affected (Frank, 2004). Customers who
attracted by quality of product will surely pay high rate for that product.
Costly
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Nike implements many of marketing strategies; it took more cost in production and promotion of
their product. Nike decided to decrease the marketing price and will raise the product price. This
affects the Nike’s growth for long time (Taulli, 2011)
Spokespersons impact
Nike’s core strategy is based on batch of athletes in promotion of product. Athletes have both
type of impact on customers. If athletes caught in any incident related to drugs and crime, it
wills definitely going to affect customers not to purchase that product (Cloke M, 2011).
Addidas develop such a product line, which will tell people that Addidas gives self important
to innovation and they are using high technology in the production of shoes. Smart shoes are
made up of microprocessor, controller and sensor. Wireless GPS is also vital point in the
marketing of the product Addidas.
European market is main focus of Addidas, even it is also well recognised company in other
parts of world. It also sponsored the winning team Spain in FIFA world cup in 2010. Addidas
was also officially sponsored the Olympics. They have to also focus on the other parts of
world. They have to build their reorganisation in the world.
Addidas can also focus to change the viewpoint of customers. They can change the customers
mind towards the Addidas. Addidas also have to focus on the fashion; they have to change
according to fashion. They have to think more than making sports shoes.
Addidas can also overcome the Nike’s negative side which is its domestic market. Addidas
can catch developing part of the world, it also top in the India and Japan. It also takes in count
that different region of the world has different interest and different fashion. Then, Addidas
will compete with Nike.
Wal-Mart
1. “Save Money Live Better” is right decision or wrong?
Walmart was facing hard competition from other competitors they changed their marketing slogan and
try new marketing slogan “Save Money Live Better”. Main focuses of new marketing campaign are:
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i. Environment friendly
This tagline is focus on environment by giving initiatives to attract people towards green
products, aware about energy use and recycling of product.
Wal-Mart major strategy is to focus on the society, their all advertisements and commercials
have a positive impact on society
Walmart thinks to gain more and more new customer on the time of recession; it offers
decrease in price on very famous product on the time of festivals and holidays.
i. Old tagline mainly point out on the less cost of products. There are not any sign of customer
service provide to customer.
ii. Fresh tagline make such image of Walmart as a that organisation which saves their customer
money by giving them cheap product with high quality.
iii. New tagline is also very crucial and useful to attract fresh customer, without losing the old
customers.
TOYOTA
1. Grow of Toyota than other car manufactures
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Toyota has a variety of cars for variety of customers. They produce millions of cars every year.
Company understand the all points of perfection and value of perfection, in which they know and
fulfil customer needs Wells (2015) .The main reason of rise of Toyota is
Lean manufacturing
Lean manufacturing is based upon removing wastes from production and quality line. Lean
manufacturing phenomenon works on 7 wastes, 5S, and 3M techniques.
Variety of product
Toyota plant can produce 8 different variety of product at same time on the production line. By
producing variety of auto, it means company is focused on variety of customers demand and needs.
Integration of Toyota
Toyota integrates all its manufacturing plant due to which its productivity increases. It also helps to
unite their experience techniques and development, which leads to maintain continuous growth of
company. Leading manufacturing company is now adopting their business strategies.
Reduction in prices
Toyota Company are making expensive as well as inexpensive car to attract higher class and middle
class customers. They reduce their prices with various techniques, which helped them to gain more
customers of middle class.
Toyota sold many varieties of hybrid vehicles, more than 3.3 million since 1997. Toyota provides
various ranges of cars with various ranges of prices. It also consolidates all their plants assembly to
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increase productivity. It becomes so famous in the world due to focus on quality. They modified and
customize cars with respect to customer needs. They have to stay consistent with their quality. They
also have to stay consistent with their reliability. Very frequently, avoidable mistakes transform what
could have been an incredible business into an additionally ran (Hino, 2005).Design of the automobile
also is unique and core part of the vehicles will be same. They have to do continuous improvement
with respect to customer need. They also have to give extraordinary design to every vehicle. So that it
will look better than competitors. They also need to provide services to their customers after
purchasing the vehicles. They can make more vehicle value by applying some discount on vehicle at
some special occasions. They can also use e services to get more feedbacks from the customers and
then by overcoming the defects they can raise standard of quality of that product. We also know that
customers interest and perception changes with geographic change. Toyota also has to focuses on to
advertise their self according to the area and place. They also have to make different market strategies
in different areas of the world. They give Assure Vehicle Safety to customers.
HSBC
Position of bank: they enable to target and reach at every local territory of the world with good
local knowledge, but the risks are HSBC is well known organisation and 2nd spot World Bank.
Position of HSBC leads to gain more clients on the world level, which assist to help them to
gain its profit, quality and also assures the budgetary accomplishment for account industry
management( Dinnnie, 2005)
There are some risks that are colossal financial budget to organise some financial and
economic exercise in a global business market that may be affect its profit.
In some examples: HSBC provide credit card mainly to the students likely to poor students to
raise their market.
Local knowledge: HSBC gained more and more knowledge about locality and then the make
such a strategy to target appropriate audience. They also organised global campaign most
likely to show different values and viewpoints.
Successful market in local region: they definitely will be ready to market their self in specific
regions and they also have to focus on different area of world so that they can show their
strength to the world.
They need to give importance to trust, they get it from customers. HSBC mainly concentrate
towards the maximum market it showed that they include every person inside of it, forming
the particular parts of the corporation to focus on the quality of product (Roll, 2008).
Cultural trends in China and US are different based on their economic views and international
marketing. The main focus of the organisation is development in marketing techniques and
characteristics of product and also has market research CMK (Naresh, 2010). For consumer research
market they add GBU. So, we can say that u.s and china both are different on their culture and
tradition.
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organisation realise that softness of diapers matter, because every Chinese mother were more worried
about safety and care about their children. Then pampers started developing new product with more
softness, so that they can overcome the quality defects. So, we can say that market research based
upon diapers is very crucial case study research in China.
References
Meier, D (2005) The Toyota Way Fieldbook. Tata McGraw Hill Education
Hino, S (2005) Inside the Mind of Toyota: Management Principles for Enduring Growth. CRC Press
Dinnie, K (2015) Nation Branding: Concepts, Issues and Practice. Routledge Copyright
Roll, M (2008) Asian Brand Strategy: How Asia Build Strong Brands. Springer Copyright
Naresh, M (2010) Marketing Research: An Applied Orientation. Pearson Education India. Copyright
Pride, W (2004) Marketing Concepts and Strategies (12th Ed). Deamtech Press. Copyright
Behrer, M (2013) How cool brands stay hot: branding to generation Y. Kogan Page Publishers
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