1MARKETING MANAGEMENT Executive Summary The primary aim of this report will be to discuss about the new service that will be provided by Uber in Australia. The paper will include the information about the competitors who are present in the market place of Australia along with an environmental scanning, which will involve a PEST analysis. The demand forecasted from the overall market place of the selecte4d region will also be discussed. A proper and specific market segmentation, targeting and positioning statements will be laid in this report in the context of the new service from this American multinational firm.
2MARKETING MANAGEMENT Table of Contents Introduction................................................................................................................................3 About the Organization and the New Service............................................................................3 Competitive Information............................................................................................................3 Environmental Scanning............................................................................................................4 Political Factor.......................................................................................................................4 Economic Factor....................................................................................................................4 Social Factor...........................................................................................................................4 Technological Factor..............................................................................................................5 Demand Forecasted....................................................................................................................5 Market Segmentation, Targeting and Positioning......................................................................6 Segmentation..........................................................................................................................6 Targeting................................................................................................................................6 Positioning..............................................................................................................................6 Reference................................................................................................................................7
3MARKETING MANAGEMENT Introduction The major objective of this report will be to discuss about the new service in the name ofSuper Servicethat will be provided by the organization of Uber in the region of Australia. The discussion will include the information about the competitors who are present in the market place of Australia along with an environmental scanning, which will involve a PEST analysis. The demand forecasted from the overall market place of the selected region will also be discussed. A proper and specific market segmentation, targeting and positioning statements will be laid in this report in the context of the new service from this American multinational firm. About the Organization and Super Service Uber Technologies, Inc. is a ridesharing multinational organization from America, having their presence in 63 nations and 785 metropolitan areas. The business house started their journey in the year 2009, and change the ridesharing experience with their innovative service providing mobile application and website(Uber 2019).The organization is operating their services in Australia for more than 6 years, and they are going to launch theirSuper Servicewhich is only for only for the women and senior citizens. A particular number of vehicles from the total fleet size of Uber that operates in this nation will be made ready to be booked only for the senior citizen and women population. Children below 10 years will also be eligible to avail this brand new service(Shemshadi, Sheng and Zhang 2014). Competitive Information In this context, it can be said that GoCatch has been identified as the major competitor of Uber. The start-up business entity from Australia has given fierce competition to Uber, and the same will be faced at the time of launchingSuper Service (Kootiet al2017).Ola from
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4MARKETING MANAGEMENT India has also started their journey in this region and are giving stiff competition to Uber, who are also facing competition from DiDi, the same service provider from China. Other organizations who provide application based ridesharing service are Taxify, Shebah and Shofer. All these firms will provide tough competition to Uber in the time of launch of their Super Service (Rigby, Krüger and Winter 2013). Environmental Scanning Political Factor The rules and regulations related to the region of Australia need to be followed, as Uber has faced controversies regarding their operations in this region. They have to be strict on safeguarding the women as well as the senior citizen of Australia. Separate licenses need to be made for providing this new service to the people. New policies need to be formulated and proper permission need to be taken from the government so that actions can be taken against any kind of unfair means. Economic Factor The development of this organization in Australia has affected the economy and this need to be maintained by the management. But no unfair means can be used while competing with the competitors like taxis and other app providers mentioned earlier in this report. Employment opportunities will also increase in the market place, but no use of unfair mean scan be used and penalties will be imposed if any illegal steps are taken by Uber to start their Super Service (Laptevet al2017). Social Factor Easy accessibility has helped the citizens of Australia to avail the existence services that are provided by this American giant. Transfer from one places to the other has become easier by this ridesharing service provider. Usage of social media has also been effectively
5MARKETING MANAGEMENT used by this organization and opportunities like employment has helped the social life of the people efficient. Technological Factor Advancement of technology has helped the business houses like Uber a lot, as most of their services are based on the technological platform. Involvement of alarm buttons along with different social media platforms has also helped to reach the service that are provided by this organization to a certain level and the same is expected from thisSuper Servicethat is going to be introduced in the market place of Australia(Moon 2015). Demand Forecasted It can be stated in this context that the management of Uber has successfully established themselves as the leading ridesharing application, where near about 4.3 million people from Australia, which consists of more than 205 of the overall population of the nation.
6MARKETING MANAGEMENT From the above graph, it can be seen that the number of users of this ridesharing application has increased at a huge rate from the year of 2016 to that of 2018. Though the number is more for the users who are between the age group of 18 to 49 years, theSuper Servicewill be for the people who are more than 50 years of age and women of all age groups(Roy Morgan 2019).This brand new service will help to safeguard the women from facing illegal acts from other people and the senior citizens will have a specific service only for themselves. Some of the vehicles will be designed only for the senior citizens, so that they will feel comfortable while getting in and out of the car. Alarm buttons will also be there in case of any emergencies occur, and will be available for both the senior citizens and women (d'Orey and Ferreira 2014). Market Segmentation, Targeting and Positioning Segmentation The urban and semi-urban areas will be targeted by the management of Uber in order to launch theirSuper Service. It has been seen that most of their uses live in these areas, along with posing a decent lifestyle(Witt, Suzor and Wikström 2015).Senior citizens who have to stay alone in their home along with the single living women will be the main targeted segment for this organization. They will be benefitted the most from this brand new service provided by Uber. Targeting Techniques which will help to attract these segment will be used by this organization, as senior citizens may not be familiar with the modern day technologies, so old form of technologies like giving advertisements in radio and newspapers need to be done by Uber.
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7MARKETING MANAGEMENT Positioning Benefit based positioning strategies can be used to position separately the brand services that are going to be launched by Uber in Australia. The benefit that will be provided to the target customers will add value to Uber and help to gain the competitive advantage against the competitors that are present in the market place of Australia(Haider 2015). STUDENTASSIGNMENT HEADING REFERENCE 1Introduction and Competitive Information Shemshadi, A., Sheng, Q.Z. and Zhang, W.E., 2014, October. A decremental search approach for large scale dynamic ridesharing. InInternational Conference on Web Information Systems Engineering(pp. 202-217). Springer, Cham. Uber. (2019).Earn Money by Driving or Get a Ride Now | Uber Australia. [online] Available at: https://www.uber.com/au/en/ [Accessed 15 Dec. 2019]. 2Environmental Scanning Laptev, N., Yosinski, J., Li, L.E. and Smyl, S., 2017, June. Time-series extreme event forecasting with neural networks at uber. InInternational Conference on Machine Learning(Vol. 34, pp. 1-5). Moon, Y., 2015. Uber: changing the way the world moves.Harvard Business School, Case,101. 3Demand Forecasted d'Orey, P.M. and Ferreira, M., 2014. Can ride-sharing becomeattractive?Acasestudyoftaxi-sharing
8MARKETING MANAGEMENT employingasimulationmodellingapproach.IET Intelligent Transport Systems,9(2), pp.210-220 Roy Morgan. (2019).Uber drives forward while taxis stall and new market entrants begin to accelerate. [online] Available at: http://www.roymorgan.com/findings/7959-ride-sharing- uber-taxis-december-2018-201904260833 [Accessed 15 Dec. 2019]. 4Market Segmentation, Targeting and Positioning Haider, M., 2015. To Uber or Not to Uber: That is the Question.Repéré à http://stream1. newswire. ca/media/2015/09/29/20150929_C6395_PDF_EN_5089 57. pdf. Witt, A., Suzor, N. and Wikström, P., 2015. Regulating ride-sharing in the peer economy.Communication Research and Practice,1(2), pp.174-190.
9MARKETING MANAGEMENT Reference d'Orey, P.M. and Ferreira, M., 2014. Can ride-sharing become attractive? A case study of taxi-sharing employing a simulation modelling approach.IET Intelligent Transport Systems,9(2), pp.210-220. Haider, M., 2015. To Uber or Not to Uber: That is the Question.Repéré à http://stream1. newswire. ca/media/2015/09/29/20150929_C6395_PDF_EN_508957. pdf. Kooti, F., Grbovic, M., Aiello, L.M., Djuric, N., Radosavljevic, V. and Lerman, K., 2017, April. Analyzing Uber's ride-sharing economy. InProceedings of the 26th International Conference on World Wide Web Companion(pp. 574-582). International World Wide Web Conferences Steering Committee. Laptev, N., Yosinski, J., Li, L.E. and Smyl, S., 2017, June. Time-series extreme event forecasting with neural networks at uber. InInternational Conference on Machine Learning(Vol. 34, pp. 1-5). Moon, Y., 2015. Uber: changing the way the world moves.Harvard Business School, Case,101. Rigby, M., Krüger, A. and Winter, S., 2013, November. An opportunistic client user interface to support centralized ride share planning. InProceedings of the 21st ACM SIGSPATIAL international conference on advances in geographic information systems(pp. 34-43). ACM. Roy Morgan. (2019).Uber drives forward while taxis stall and new market entrants begin to accelerate. [online] Available at: http://www.roymorgan.com/findings/7959-ride-sharing- uber-taxis-december-2018-201904260833 [Accessed 15 Dec. 2019].
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10MARKETING MANAGEMENT Shemshadi, A., Sheng, Q.Z. and Zhang, W.E., 2014, October. A decremental search approach for large scale dynamic ridesharing. InInternational Conference on Web Information Systems Engineering(pp. 202-217). Springer, Cham. Uber. (2019).Earn Money by Driving or Get a Ride Now | Uber Australia. [online] Available at: https://www.uber.com/au/en/ [Accessed 15 Dec. 2019]. Witt, A., Suzor, N. and Wikström, P., 2015. Regulating ride-sharing in the peer economy.Communication Research and Practice,1(2), pp.174-190.