England Optical
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Executive Summary
This paper is to find out the marketing plan of England Optical Group (EOG). This paper will focus on EOG, optical market and EOG’s main competitor (Focus-Point). This paper will consist of EOG history, background, weakness and strength and all types of marketing issues. This paper also will consist of optical business environment which included the environment, opportunity and threat in this industry. Besides, this paper will included some part of Focus Point information about their strength, weakness and company background which seen as the key factor influencing this industry or bringing threat to EOG. The information on this paper is from two methods, they are primary data and secondary data. Primary data is collected through face-to-face interview with EOG branch manager and EOG headquarters’ supplier. Secondary data is collected through Internet. EOG official web site and their main competitor (Focus-point) official web site are used. Throughout completing this paper, there are some problem occur which affect the accuracy of this research. Availability of information in term of financial situation and top management from EOG are not able to obtain to further support the data on this research.
Introduction
England Optical Group (EOG) has established their first outlet in Malaysia at 1979. Today, it is Malaysias largest optical chain store, with more than 600 staff and having outlets in China, Cambodia and Singapore under the brand name of E-OPTICS totaling of 150 outlets (EOG, 2008). EOG expand their business through England Optical Group’s Franchise Venture Capital Fund (FVCF).
Company Analysis
England Optical Group (EOG) is the largest optical chain store certified by the Malaysia book of records. It has been caring vision of human being for more than two and a half decades. Their main goal is gearing towards achieving its International stature as a leader of the optical world. EOG obtain the largest optical business market share in Malaysia. Due to rapid expansion of EOG in china, it has received recognition from the authoritative magazine as the top-notch eyewear leader among foreign optical chain stores (refer to appendix page 1).
1.2Customer Analysis
According to the analysis of EOG, they have large regular base of customer which estimated over 1,000,000 throughout the world. EOG categorize their customers into two different groups according to their age. They are group of below 35 and above 35. For EOG group above 35 is seen as more profitable and loyalty compare to customer below 35. Products like multi focus or progressive lens are targeted to the customer above 35 while single vision lens is targeted for customer below 35.
1.3Competitor analysis
According to EOG, their main rival in market is Focus Point. Focus Point is one of the leading optical chain stores behind EOG. Focus Point has their exclusive selling brand eyewear such as Oga, Jaguar, Koali, and etc. This range of exclusive branded eyewear leads that to obtain a certain amount of customers alert segment. Besides that, they have the “Bonuslink” award for every purchase at Focus Point outlets. (Focuspoint.com)
PEST analysis
Politic
The development of EOG has received recognition by Malaysia Government. Malaysia government has given fully well support to such progressive company which has grown leaps and bounds in the short range of time. Chief executive officer of EOG, Dato’ Dr Chin See Keat plays an important role in expanding EOG Business had received his DPTJ Dato from His Royal Highness Sultan of Negeri Sembilan, Malaysia in 1999. Other recognition from Malaysia Government or Non Government likes ISO 9002 by SIRIM, Exclusive Top 50 Enterprise Award, The Most Promising Franchisor 2001 and etc (refer to appendix page 5 and 25)
Economic
Currently EOG has expanded their business in Asia country such as Malaysia, China, Cambodia and Singapore. Singapore and Malaysia are the most stable countries in their economics among South Eastern Asian countries. China’s is a developing country with large population of citizens, it provides many opportunities for business. Cambodia has shown potential growth in their economic recent years (refer to appendix 07).
Social
Currently, EOG expand their business only in Asia