The assignment emphasizes the need for organizations to track their competitors' positions to provide customers with more attractive services. Marketing and HR managers play a crucial role in making decisions that cater to customer needs, including controlling traffic during peak usage and managing relationships with suppliers.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
5 Forces For Virgin Broadband in UK
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION In the present era, internet is the basic requirement of all the individuals. To have an appropriateinformationabouteverything,communityturnsaroundaviablebroadband connection only. It is used by all the schools, hospitals, social sectors, businesses etc. to have an up-to-date news about the things to be accomplished. To favour the same, Virgin Media , a company of British origin was founded on 6 March ,2006. It provides fixed and mobile telephones, television and broadband internet services to the customers of United Kingdom. It usually serves the business premises with its broadband services under Virgin Broadband. In this report its complete marketing position has been described along with taking into account all the factors like pricing, brand values,etc. MAIN BODY ThecompanyusesNTL'scable-broadbandoperations(broadbandInternet accessconnectionsthroughcable),Blueyonder(Telewest'scable-broadbandoperations) andVirgin.net(ADSL, broadband Internet access through a non-cable telephone line) for its operation. With the help of fibre optic broadband it serves the community. In this report the current strategy of the company and its practical approach has been focussed to evaluate its position against he competitors in the target market. ItsaleadingmediacompanyofUKduetoitsconstantinnovations,successful diversificationand the requisite designs to beat the competitors. Broadband is one of the important segment of Virgin Media company.It is the largest private company in UK which facilitate the customers with the internet services. Ii is a industry of telecommunications and mass media. It has earned revenue of around£4.100 billion as estimated in year 2012 with a profit of £2.852 billion (Whalley and et.al., 2017). It provides employment to around 14,004 employees as calculated in 2012. To expand its business it has its subsidiaries like, Virgin Media Ireland, Virgin Media Business,etc. In this way , the company is spreading its wings. It is also listed on NASDAQ Stock Market ans the London Stock Exchange. The company offers internet access with ultrafast speed of up to 50 Mb to the customers of the United Kingdom. In 2010, it has launched 100 Meg broadband services to attract more and more customers. It is also trying to provide 200 Mb broadband services for the ease of the customers(Westphal, 2016). This has led to its improved performance in the stock market. Its
stock pricing is also increasing at alarming rate. This depict that the company has grab the attention of the investors. It is the first company in United Kingdom which offers broadband through its fibre optic cable network. Since , it is made up of glass, it delivers the information at the fastest speed which is almost equivalent to the speed of light . Other providers which uses copper wires are not much efficient in providing the information at faster speed. This gives an appreciable market position to the company (Nardotto and et.al., 2015). This fibre optic network aids the customers with all the benefits of next generation telecom services. With the help of voice and data convergence it makes the services cost efficient. It can transfer large volume of data at fastest speed. Data storage can be centralized and secured. Disaster recovery plans can be managed in a better way using these cables. To evaluate the current market position, first of all the supple chain for the company is taken into consideration. This company is a subsidiary of Liberty Global plc , which is the world largest international cable company. Procurement department of the company is responsible for all the resources to serve the customers in the best way. These goods and services includes set top boxes, network services, infrastructure services, telecoms as per the need of the customers. It has a complete team to take care of the purchases . This team is also responsible for acquiring and managing all the voice interconnection, access , transit and backbone services of the third party. To have an efficient supply chain to make the performance effective, it has made healthy relationships with the stakeholders by providing them with the things required by them. The company shake hands with the suppliers who are proactive, innovative, drive improved product ans services, value for money , reduces the risk and deal with transparency. It remains associated with its key suppliers to gain the competitive advantage. For this , executive business reviews are donewhich involves joint meetings of executives, suppliers and the person procuring the services. This meeting helps to promote innovation and value generation with the help of procuring the resources tomeet the needs of the customers (Stocker and et.al., 2017). In this way supply chain management is done. Similarly, the marketing managers are responsible for pricing and branding the services. For the same , the managers have to take the decisions while considering the customers. The sale
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
will be good only if the products are affordable for the customers. Managers have to keep the same in the mind while pricing the services.Many different kinds of services are provided by the company. For example, Virgin Media VIVID 100, which has download speed of up to 100 Mb , upload speed of up to6 Mb with unlimited monthly allowance , Wi-Fi on the Tube, no requirement of phone, free Super Hub with 802.11ac Wi-Fi . This cost about £38.00 per month which sounds quite affordable for the customers . With such a attractive features anyone can install the same in their premises to attain the target in a cost effective way. Similarly,Virgin Media Mix Bundle is also there,which has download speed of up to 100 Mb , upload speed of up to6 Mb with unlimited monthly allowance , Wi-Fi on the Tube, free Super Hub with 802.11ac Wi-Fi, weekend UK land-line calls, 150+TV channels, Virgin TV V6 Box along with ten months reduced price . This cost about £45.00 for twelve months which again sounds quite affordable for the customers . Similarly, Virgin Media Full House Bundle is also there,which has download speed of up to 100 Mb , upload speed of up to6 Mb with unlimited monthly allowance , Wi-Fi on the Tube,free Super Hub with 802.11ac Wi-Fi, unlimited monthly allowance, all the BT Sport channels in HD , Nat Geo Wild in HD along with the Disney channels. It costs upto £55.00 for twelve months .Hence, many business man install such kind of feature in their business area. Many other offers are also provided by the company managers keeping in mind the cost factor which must be affordable to the customers. Looking at the above examples , we can say that the company is providing very attractive services to the customers (Ruhle and et.al., 2015). The company also provides large range of TV and phone broadband bundles as well as broadband -only packages. It provides cheaper line rental than BT Company, which keeps the company's image stand out in the target market. Also, the technical support and repairs are free of charges which grab the attention of more and more customers. This way the company is establishing its brand value. With the help of this, the customers can use Wi-Fi connections free of charge at 120 London Underground Stations which is perfect for the regional people of London. Also , the company has introduced many new features in the services to beat the competitors. For example, it offers their best router with the latest 802.11ac wireless on even their cheapest products also. This is the reason that its has more number of customers (Elliott and et.al., 2016). Virgin Media
had the joint highest customer satisfaction level of the 'big 5'broadband suppliers as evaluated in 2013. This company also claims that it has an average download time of 5 seconds for an album and 2.4 minutes for a movie on 100 Mb ,4 seconds for an album and 1.45 minutes for a movie on 200 Mb , which can be even more faster if more than 300 Mb is being used. In present time, people used to download more everyday and also addicted to play online games . Hence, this is more suitable for the persons of this outlook. It also helps to provide more prioritised bandwidth for chatting , playing , streaming , etc. which is considered as worth installation by the customers. Many people are not ion the need of same. They used to do very less downloads each day. For such kind of people, the company has offered wide ranges of packages to meet their requirements (Elliott and et.al., 2016). The company also claims that for a family 100 Mb package is sufficient and for 5 or more people 200 or 300 Mb packages are adequate. Faster packages helps to reduce the slowdown in the working if more people are using internet. It also helps to provide wireless router, online security, inclusive phone services along with the broadband packages . Option of TV is also provided by the company. It has also introduced many other subsidiaries to target more and more customers , like, Virgin Mobile, Virgin Phone,Virgin TV, etc. In this way ,the company is emerging out in the target market in the present age of competition. To establish in a most efficient way, such kind of companies has to invest more in the network installation and the operations. To lay the network using fibre optics , a significant cost has to be incurred. To be an effective new entrant , the managers have to make strategy keeping in mind all these factors. Manyothercompetitorsarealsothere,like,SKYandBT.Theyimposeintense competition in the industry(Burns, 2017). Today the expectations of customers are increased due to their increased reliance on the broadband industries. The managers have to offer the services in such a way to keep the customers satiated. Company has to establish its brand loyalty to attract more and more individuals. This way a company can bind the users. It has to offerpremium television content to retain its customers, as the SKY network is doing. The company has to track the activities of the competitors to beat them and to offer much more attractive services than
others. With the help of implementation of wide range of offerings, it may assist in providing versatile range of services to the customers. To provide the cost efficient services to the customers, the managers should try to curb the prices of the suppliers. This will help to provide the customers with the affordable prices. Sometimes suppliers may refuse to work with the managers if they are not fulfilling their demands. To cope up with this, the managers have to make healthy relationships with the suppliers (Steinmüller and et.al., 2015). To stand out in the market place, the company has to maintain all these factors. Since, there are many companies which offer similar kinds of services, it is difficult for the customers to choose among them. For this, the brand loyalty plays an important role. The customers have more changes to bargain as there are many firms from which they can get the services. To cope up with all these, the HR and marketing managers play a significant role. With the help of proper recruitment also, a company can satisfy more and more customers. With the help of introducing many new and innovative schemes , the company is responding to the current market stage. Since, it has widened its network with the help of many subsidiary services , the company is regaining its market position. The company has to control the traffic while the large number of customers are using the network to brat the competitors. CONCLUSION To conclude we can say that for the success of any organisation it is important to track the position of the competitors to provide the customers with more attractive services. The marketing and human resource mangers play a vital role in this. They must take the decisions while keeping in mind the needs of the customers.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Whalley, J. and et.al., 2017. Degrees of separation: the case of BT: A regular column on the information industries.Digital Policy, Regulation and Governance.19(4). pp.332-334. Westphal, N., 2016. Analysis of the UK Package Holiday Industry and its Environment. Nardotto,M.andet.al.,2015.Unbundlingtheincumbent:EvidencefromUK broadband.Journal of the European Economic Association.13(2). pp.330-362. Stocker, V. and et.al., 2017. Who replies to consultations, and what do they say? The case of broadband universal service in the UK. Ruhle, E.O. And et.al., 2015. 15. NGA networks as basis for a sustainable digital society: European country studies (Germany, the UK, the Netherlands and Switzerland).The SmartRevolutionTowardstheSustainableDigitalSociety:BeyondtheEraof Convergence.p.312. Elliott, C. and et.al., 2016. An Economic and Social Evaluation of the UK Subsea Cables Industry. Burns, P., 2017.New venture creation: a framework for entrepreneurial start-ups. Palgrave. Steinmüller, H. and et.al., 2015. Like a virgin? Hymen restoration operations in contemporary China (Respond to this article at https://www. therai. org. uk/publications/anthropology- today/debate).Anthropology Today.31(2).pp.15-18.