This paper discusses the competitive strategy of Nissan Motors UK in the automobile industry. It covers the company's marketing, pricing, and new model release strategies that have given it a competitive advantage over its rivals.
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BUSINESS1 Competitive Strategy of Nissan Motors UK Student Tutor Institution Date
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BUSINESS2 Nissan Motors UK operates in a highly competitive automobile industry. The company aims at manufacturing highly competitive automobile brands in order to gain a competitive edge against its key rivals mainly General Motors, Tata Motors, Honda Motor Company, Toyota Motor, and Volkswagen AG. Nissan Motor has been improving its UK market brand value and selling its automobile products at an affordable price that appeals to the market in an attempt to gain a competitive advantage and sustainability in the UK market. Nissan Motor has adopted the right promotional, marketing, and advertising strategies in order to market its brand to the UK market. The use of company website has been of late adopted given the management’s realization that most customers regularly review its website(Frynas and Mellahi, 2015, p. 26). Further, Nissan Motor has adopted the use of social media marketing by using Instagram, Twitter, and Facebook to post the newly manufactured vehicles on its page so that customers can access them from there. Also, the company has employed the use of UK Magazines, billboards Ads, and other marketing tools to promote its brand value in the target market(Wang, Nguyen, and Wang, 2016, p. 173). As a result, Nissan Motor UK has gained a competitive advantage over its rival companies hence enhancing its growth and sustainability in the UK market. Nissan Motor UK offers the market a wide range of automobile products that appeal customers beyond segments and categories. The company has designed an excellent pricing strategy that is significantly lower and affordable as compared to the competitors. The pricing of Nissan Motor products appeals to all customers from across segments and this increases the sales of Nissan in the UK market(McGrath, 2013, p. 10). As a result, a competitive advantage is gained. The price charged for cars by Nissan attract new customers in the UK market, this increases the number of
BUSINESS3 customers for the company’s products hence gaining a respectable proportion in the market share. Nissan Motor UK brand value has an excellent timing and frequency of new model releases. Since the company charges significantly lower prices on its brands to customers, customers purchase more of the new vehicle models that are released by the company in the market. As a result, the company has built a strong financial position that enables it in new technologies investment that enhance creativeness and innovation of new models as demanded in the market (Jindal, Jee, and Thakur, 2011, p. 196). This has made the company enjoy a strong presence in the leading and emerging UK automotive market hence gaining a competitive advantage against the likes of Toyota, Tata, and others. In conclusion, Nissan Motor UK enjoys an integral advantage of the presence in the automobile manufacturing hub of UK market which offers it a competitive advantage against other big players operating in the company. Nissan Motor offers sells the best electric vehicle in the UK and the world at large. Recently, the company revised its poor marketing and advertising capabilities something which has contributed greatly to building its brand awareness in the UK market. Today, Nissan Motor has a strong presence in UK's automobile industry and enjoys a competitive advantage over its main competitors.
BUSINESS4 Bibliography Frynas, J.G. and Mellahi, K., 2015.Global strategic management. Oxford University Press, USA. Pp. 20-34. Jindal, D., Jee, C. and Thakur, R.R., 2011. Nissan: go-global strategy.Business Strategy Series,12(4), pp.195-201. McGrath, R.G., 2013.The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press. Wang, C.N., Nguyen, X.T. and Wang, Y.H., 2016. Automobile industry strategic alliance partner selection: The application of a hybrid DEA and grey theory model.Sustainability,8(2), p.173.