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Introduction The purpose of this presentation is to discuss regarding the market position and industry circumstances of the selected service that is Telecommunication Service of Telstra. The presentation is comprised of detailed analysis of the company’s positioning and strategies used to gain increased market share.
Overview of Service Telstra Corporate Limited is the famous telecommunication service company which build and offer telecommunication networks, internet access, mobile, pay television, etc. Telstra has gained the leading competitive position among all the players present in the market through its effective marketing and pricing strategy.
Porter Five Force Framework
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PEST Analysis Political – The conversion of Telstra from public to private business has impacted its relation with the government. Now, the government give preference to the National Broadband Network. Economic – the increasing Globalization trend has offered increasing opportunity to the telecommunication companies as their services allow users to interact easily at long distance.
PEST Analysis Social -The preference and choice of the people in the market are changing which results in raising requirement for the businesses to adopt these change and offer customers the best services. Technology -Today, technology is developing and changing and fast rate. New services such as Internet telephone and the augmented users of telecommunication are the main cause for the businesses to invest in introducing advanced technologies for the development services and products.
Demand Forecast The telecommunication service has changed the way people interact with each other. There is increasing demand for the mobile services which has decreased the demand for the fixed line services.
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Market Segmentation Telstra Company divides its market in the basis of Demographic, Geographic, Behavioural, and Psychographic Segmentation. Different variables that are used by the company to segment the market are age, gender, income, location, attitude, lifestyle, and decision making pattern.
Target Market The target market of Telstra is the customer who makes less use of the services and those who are technologically conscious. The low usage customers are those who are only bound to use SMS and prepaid services of the company. Meanwhile, for the customers who are technically conscious, the company come with its attractive packages for promoting a 5G network in Australia,
Positioning Telstra has gained the leading position in the Telecommunication Industry of Australia through its aggressive promotion and public relations strategies.
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Brand Positioning of Telstra The brand positioning of the Telecommunication services of Telstra is a reliable and superior network business that is regularly being offered to the customers for which they proudly believe in. Telstra is the leading telecommunication service business by offering high quality and premium and advanced generation network like 5G.
About Competitors Optus -The niche that has been selected by Optus to serve is comprised of communications services such as mobile at national, local and long-distance services, and international telephony along with business network services, satellite, and internet services. Vodafone - Hutchison Australia has been involved in the merger and both of them enjoy equal share in the new formed company.
Perceptual Map
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Customer Adoption Process Customer Adoption procedure is comprised of five stages that is: Awareness Stage – At this stage, the individual only get to know about the service 5G network of Telstra but are not motivated to avail it. Interest Stage – Here, the individual start taking interest in the 5G Network service of the company.
Customer Adoption Process Evaluation Stage –At this stage, the individual gives major attention and evaluates the service of 5G Network of Telstra Company with other company’s services like Optus. Trial Stage –The individual tries the service once or twice form ensuring the utility. The individual to understand the quality of the 5G network tries the service of Telstra. Adoption Stage -This is the stage where the individual decides to make repurchase the evaluated service. After evaluating the 5G Network service of Telstra, he/she decides to make repurchase it.
Marketing Mix Product -The 5G Network service of the company is considered to providing high quality and reliable service to the service which covers a maximum of the market of Australia. Price -The pricing strategy that Telstra has adopted to sell its 5G Network to the target audience is a competitive pricing strategy. Under this strategy, it prices its services very smartly.
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Marketing Mix Place -Telstra majorly uses many of the online platforms for selling its services and products. The major one is its websites which shows and offer information related to its services like call rates. Promotion -Telstra makes use of attractive promotional offers like data doubling when the consumer purchase by the online medium. It also designs special offers majorly during festivals for vending its mobile accessories at the discount price with the offer of extra mobile data
Integrated Marketing Communication IMC is comprised of organizing the different elements of promotion and other different marketing activities that communicate with the customers of the company. It is comprised of different tools such as sales promotion, advertisement, direct marketing, public relation, and personal selling. Sales Promotion – Under this element, the methods used by Telstra are exhibitions, coupons, contests, etc.
Integrated Marketing Communication Advertisement –The variables of advertisement are television, radio, billboards, hoardings, etc. Direct Marketing –Telstra also uses direct marketing for the promotion of its 5G Network among customers through messages and emails. Public Relation –This comprises paid as well as free publicity. The way of PR is corporate anniversary parties or press releases. Personal Selling -Telstra uses this by providing training to its sales representatives for selling the services and products to different distributors and retailers.
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Integrated Marketing Communication Matrix
Conclusion The presentation has provided the detailed analysis of the Telstra’s Telecommunication Services and the use of different strategies to attract customers. The analysis has highlighted that the company has occupied the top position in the market in comparison to Optus and Vodafone. The company uses IMC tools for the promotion of its services.
References Cavusgil, S.T., Knight, G., and Rose, E.L. (2014)International business2nded. Australia: Pearson. Donnelly, T. (2019)Where and when can I get 5G in Australia? [Online]. Available from https://www.canstarblue.com.au/internet/when-can-i-get-5g-in-austra lia/ [Accessed 26 August 2019] IBIS World (2018)Telecommunications Services - Australia Market Research Report[Online]. Available from https://www.ibisworld.com.au/industry-trends/market-research-report s/information-media-telecommunications/telecommunications-servic es.html [Accessed 26 August 2019] Kotler, P., Burton, S., and Armstrong, G. (2015)Marketing2nded.
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References MBA Skool (2018)Telstra Marketing Mix (4Ps) Strategy[Online]. Available fromhttps://www.mbaskool.com/marketing-mix/services/16923-telstra.html [Accessed 27 August 2019] Naeem, B., Bilal, M. and Naz, U. (2013) Integrated marketing communication: a review paper.Interdisciplinary journal of contemporary research in business, 5(5), pp.124-133. Telstra (2019)The Company[Online]. Available from https://www.telstra.com.au/content/dam/tcom/about-us/investors/pdf%20A/t 1-the-company.pdf [Accessed 26 August 2019] Truly Deeply (2019)Time for Telstra rethink its brand proposition as it comes under attack again[Online]. Available from https://www.trulydeeply.com.au/2016/07/time-telstra-rethink-brand-differenti ation-brand-comes-attack/ [Accessed 27 August 2019]