This presentation discusses the product-market structure, environmental influence, target segment, sales forecasting method, CRM strategy, corporate social responsibility, opportunities and threats, proposal for new product, Grab's pricing strategy, and Grab's promotional strategy in South-East Asia for GrabTaxi.
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CASE STUDIES IN MARKETING MANAGEMENT GRABTAXI
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Question 1 A. product-market structure The market structure is emerge market structure that include new companies and new products. B. Environmental influence and the competitive force The environment is mainly composed of countries with legal requirement and policies. Some of the countries include Malaysia Thailand, Singapore, Vietnam, Indonesia, Philippines, Myanmar, and Cambodia. For instance,The Philippines temporarily stop the operation of Grab Bike for lack of guidelines (Tan, 2016). Competitive forceare politicians,military personalities among others
Question 2 A. Target segment Geographic, demographic demographic market target segment:Singapore is one of the dense population countries with 5.6 million permanent residents which increase the demand for Grab services Geographic target segment:The geographical areas of Singapore is mainly of an island and several islets and this is a larger geographical area. B. Sales Forecasting Method The best sale forecasting method that can be used in Grab is composites of sale force opinion method. Revenue to increase by $3.5 billion within the next three years totaling to $9.5 billion (Cunningham, 2018).
Question 3 A. CRM strategy dependent for Grab Grab customer relationship management uses register data to evaluate the service offered to customers B. Corporate Social Responsibility The company has medical insurance for passengers and drivers C. Opportunities and threats Opportunity includedemand for the service within Singapore that needs to be filled Stiff competition is an important threat to the operation of the company example of competitor is Uber
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Question 4 A. Proposal for new product The proposed product is commodity delivery services Evaluation of the products requires making a simulation model for the product based on the market conditions. B. Grab’s pricing strategy One of the pricing strategies is dynamic pricing strategy that is used by the company to run its activities C. Grab promotional strategy in South-East Asia Technological innovation that makes use of hyperlocal areas Driving cashless payment methods is another promotion
REFERENCE Chaffney, D. & Ellis-Chadwick, F. (2012).Digital Marketing: strategy, implementation, and practice.Harlow: Pearson Education. Retrieved from https://www.dawsonera.com/readonline/9780273746225. Jobber, D. & Ellis-Chadwick, F. (2012).Principles and practices of marketing.McGraw Hill. p. 143. Michael, R.C. & Ilkka, A.R. (June 25, 2013).International Marketing.Cengage Learning. p. 24. Retrieved fromhttps:// books.google.com/books?id=B7tOpAV3TzEC&pg=PA24 South China Morning Post (2014). Smartphone apps shake up Southeast Asia's notorious taxi market.RetrievedOctober9,2015,fromSouthChinaMorningPost:http:// www.scmp.com/news/asia/article/1615813/smartphone-apps-shake-southeast-asias-notorious-t axi-market Tan, L. (2016).GrabBike temporarily stops operations following LTFRB order.CNN Philippines.Retrieved from http://cnnphilippines.com/news/2016/02/05/GrabBike-temporarily-stops-operations-LTFRB-DOTC.html[Retrieved6 February 2016]. Yon, H.T. (2015). Can GrabTaxi trump Uber in Southeast Asia? Retrieved October 6, 2015, from e27: http://e27.co/can-grabtaxi-trump-uber-in- southeast-asia-20150817