Marketing PaperEssay Preview: Marketing PaperReport this essayCompetitive advantage is one of the most important goals a company wants to have over its competitors. In our position our product is unique making it different from everyone in the market place. Our main competition is against brand names such as Apple and Blackberry. These companies already made a name for themselves and give consumers a sense of reliability which our product doesnt have .As of intratype competition well-known brand names is the main completion, but also other products such as a cordless phone and a cord phone, or programs like Skype, AIM, Facebook. A cordless phone or a cord phone are competition because they dont need to charge at all and as of Skype, AIM, and Facebook because they interact with other people without the use of a phone. On the other hand, we do not have any sort of intertype competition because like I mentioned before this is a unique product that doesnt exist yet which means other business cant sell our product.
The perfect time to enter the target market is extremely hard to figure out for any company. The product life cycle consists of 5 stages, the introduction, the growth, the fallout, the maturity time, and the decline death. For our product, as a company, we have decided to enter the market in the majority market which is part of the growth section of the product life cycle. We have decided on this because cell phones keep growing in our society and the population already has knowledge of them. With people knowing so much and being so eager for new innovations on cell phone technology entering at this time will give our company an edge on being the “new thing” out there. Getting the reputation of being the “cool” or “hip” cell phone in the market will result in enormous amounts of new costumers and consumers for our product.
Cultural and social trends help companies like us to realize what is relevant in the introduction of our product to the market. In society nowadays everyone is looking for new ways on how to simplify their lives and make them easier. Being simple is such a big trend that facilitates our product to be launched because it provides exactly what people want. The biggest fraction of this population for us is the young teenage kids who compete with one another on being the most popular or the coolest. Teenagers who buy our product will have the social status of having the newest cell phone out there which is what they ultimately want. Therefore; making our product attractive to this section is what will push our company to the biggest reward and make it thrive above others.
Citizen-led Growth
There is a new innovation in the form of Citizen-led Growth based on an initiative of the American Business Times. In our previous article: How to grow your company while still in growth; Citizen-led Growth from America is not just a way for entrepreneurs to start new companies. Instead, to grow our business in the US the first step is to create a working democracy within the United States.
This goal is quite obvious and the fact that there have not yet been any steps in this direction is quite disturbing. What makes Citizen-led growth unique to the US is that the most important thing is that every citizen has the power to develop their own vision of their business which has been created within an entirely new and unique business. Since the early days of the technology industry, the US has witnessed a steady evolution of technology. We as we were created early on to support entrepreneurs and make sure that the new business had the power to solve complex and rapidly changing problems.
Once again, we have the opportunity of working within this new system, as our success will not end there; if we can create our own business model within the United States, the opportunity for the next five to ten years will become virtually unlimited.
The future belongs in American society when we work together. Today, when American companies enter the market, we have the opportunity of doing a great deal for the world. While we try to find all the companies that are willing and able to provide innovative ideas which we have in common with and are part of our future business, and to make sure that the ideas of the future are ready in our own time, we also have the ultimate goal of promoting growth that is in the future. That is our objective and we are taking our work in an innovative way. However, as we have seen the business community has been divided over what needs to be done in the future. As a result we need to have a new mindset for our business and have a vision of our potential.
There is a tremendous amount of growth to go around in American society in terms of ideas and technology because there has always been something fundamentally different about the world. While there is an increasing amount of innovation and that is about 100% because of tech and the internet, one of the major challenges in the world today is also technology. When your company has to find new innovations to find potential customers and new technology to expand your business, it does not just create less employees. The number of employees required to make such a business increase in an American economy may increase by an astounding 100% because of technology. In addition, in order to attract the brightest and the brightest of talent in our field, we need talented people with very unique skills to help drive the growth and grow in our fields.
American businesses such as Lyft and Uber take advantage of the American market to get their passengers and are able to offer passengers some of the best experiences we have seen in our entire history. The reason why this is so important is that the American industry is changing rapidly which means it doesn’t have a constant stream of people coming into our