Group proposal

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Komalah Nair

Marketing Strategy for nanotechnology business proposal

Business Technologie

Company Background ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Product - Description ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Product – Unique Selling Points ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SWOT - Strength ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SWOT - Weakness ,[object Object],[object Object],[object Object],[object Object],[object Object]

SWOT - Opportunities ,[object Object],[object Object],[object Object],[object Object]

SWOT - Threat ,[object Object],[object Object],[object Object],[object Object]

Marketing Strategy – Target Market ,[object Object],[object Object]

Marketing Strategy – Place ,[object Object],[object Object],[object Object]

Marketing Strategy – Price ,[object Object]

Marketing Strategy – Promotion ,[object Object]

Marketing Strategy - Competitors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Ethical Issues ,[object Object],[object Object],[object Object],[object Object],[object Object]

Value Chain Analysis – Primary Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Value Chain Analysis – Primary Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Value Chain Analysis – Secondary Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Healthcare Robotics is a field that deals with combined medical & technological fields. Robots in healthcare are helping the medical personals for performing tasks that take lot of time & also making the medical process safer & more cost-effective. Healthcare Robotics is helpful for performing surgeries at small places & to handle risky substances. Healthcare Robotics finds a wide application is medical procedures, while some more technologies are under research. Use of robotics in Healthcare is increasing due to factors like; rise in number of elderly population, increase in number of minimally invasive surgical (MIS), rise in number of systems providing high resolution imaging, fine control & haptic feedback, reduction in treatment cost with increased quality, increase in technical advancement, severe shortage of medical personals, etc. Therefore, the Healthcare Robotics Market is anticipated to expand and has tremendous scope during the forecast period. The global Healthcare Robotics Market is anticipated to flourish in the future by growing at a significantly higher CAGR.

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Running Head: GLOBAL STRATEGY 2 GLOBAL STRATEGY 2 Strategic Management in Dynamic Environments_MGMT690 Global Strategy Harish Vadnala Colorado Technical University 8/22/2018 Contents Global Strategy 3 Based on your classmates’ discussion posts for Week 2, do you still believe the tools that you selected will work best for a global strategy? Why or why not? 3 How would you refute the people who chose an additional tool rather than one of the tools that you selected? 4 Based on the tools that you selected, provide a brief analysis of your market, using those tools 5 -Rich Furniture 7 -Foshan Leisure Touch 7 -MEIYAXIN 7 References 8 Global StrategyBased on your classmates’ discussion posts for Week 2, do you still believe the tools that you selected will work best for a global strategy? Why or why not? Based on my classmates’ choices of tools, I still believe that the tools I selected are superior to theirs. This reasoning is grounded on the fact that both PESTEL and the Porters 5 Forces will help the firm gain insight of the external forces that may affect its operations in the Chinese market. As indicated in my previous post, PESTEL explores the political, economic, social-cultural, technological, environmental, and legal forces that are likely to affect a firm’s operations in a specific market. The listed types of forces are important indicators of success of a business especially in a new market. Given a choice of several countries to choose from, a global marketer should choose a country which is stable politically and which has a strong economy. Additionally, a marketer should consider social and technological factors that are likely to affect the business operations in the new market. Countries with high technological advancement, for example, may be better choices than those that are behind technologically because technology presents opportunities for cost savings (Rothaermel, 2015). Technological related savings may occur in terms of reduced marketing costs as firms may utilize the internet to market their products as opposed to the traditional media which is highly expensive. Lastly, environmental and legal factors are important considerations for firms planning to penetrate new markets (Yap, 2012). These two factors would be especially important for firms in the furniture industry because most countries are currently enacting legislations to protect their forests. In addition to PESTEL, the porter’s 5 forces tool is equally important because it assesses the level of competition in the prospective new market. A firm contemplating to penetrate a new market must be wary of the rival organizations that are present in the target market otherwise if such considerations are not made, the new entrant may be suppressed by the rivals before it establishes a sustainable market share. Such suppression would especially occur if the rival firms are big enough to benefit from economies of scale. What evidence do you have to support your.

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