Our initial strategy from P0-P5 was to become the market leader in the local market through product differentiation through innovation and research and development, as well as maintaining a low cost of manufacturing. Our final strategy from P6-P9 was to expand to global markets by starting our own manufacturing plants in other countries, which would be achieved by investing in market research, technology, and hiring local experts in those countries.
Original Description:
MARKETING STRATEGY FORMULATION TO IMPROVE BUSINESS
Our initial strategy from P0-P5 was to become the market leader in the local market through product differentiation through innovation and research and development, as well as maintaining a low cost of manufacturing. Our final strategy from P6-P9 was to expand to global markets by starting our own manufacturing plants in other countries, which would be achieved by investing in market research, technology, and hiring local experts in those countries.
Our initial strategy from P0-P5 was to become the market leader in the local market through product differentiation through innovation and research and development, as well as maintaining a low cost of manufacturing. Our final strategy from P6-P9 was to expand to global markets by starting our own manufacturing plants in other countries, which would be achieved by investing in market research, technology, and hiring local experts in those countries.
the market leader local Product differentiation by Low cost of market. In order to achieve Innovation(R&D) manufacturing this we are focusing on:
Our final strategy was to expand to global markets by
FINAL STRATEGY:(P6-P9) starting own manufacturing plant in other countries by investing on best market research ,technology and hiring local expert in that country.