Presentation on Growing a Sports Products Trading Company
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Added on 2023/01/19
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This presentation provides an introduction to a sports products trading company and analyzes its markets, competition, business model, and performance. It also outlines a plan to grow the company in the next 3 years.
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ORGANIZATIONAL CONTEXT
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Introduction to Company Analysis to Companies’ Markets, Competition, Business Model and Performance Outline of Plan to grow company in 3 years TABLE OF CONTENT
RGDisanorganisationthatworkstowardstradingSports Products. The offerings which the company deals in are inclusive of Skateboards, Tennis Rackets, Ice Hockey Sticks and Inline Skates. INTRODUCTION TO COMPANY
Market Analysis: The company’s internal and external market is quiteineffectiveintermsofcontributinginthecompany gaining a better market share and higher revenue. Competition: There are several competitors of the company present within the market. These are ASD, PSM and MMKS who are creating higher level of competition for RGD. ANALYSIS TO COMPANIES’ MARKETS, COMPETITION, BUSINESS MODEL AND PERFORMANCE
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Business Model:The current business model of the organization does not contribute to the company in an effective manner, as marketshareofitsproductsofthiscompanyisnotas impressive. Reason for the same is that while Skateboard and Inline Skates hold an appropriate market share, it’s tennis racket and ice hockey stick are not quite effective in context with positioning themselves within the market. CONTINUE…
Performance:The current performance of RGD is quite low even though the current expenditure of the firm is an average of £600 per product offering in terms of promotion. This has led to the increase in awareness regarding the company brand in the market. Not only this but strong tie-ups have also contributed towards RGD’s overall performance. CONTINUE….
SupplierChoice:Thesupplierchoiceisbaseduponthe maximum level of order qualifying factors available with such a party. These include costs, quality, dependability, flexibility and speed. Based on this, the Supplier Choice is to expand with Henderson and Hong Kong Limited in the next three years as they provide products that fulfill the given criteria. OUTLINE OF PLAN TO GROW COMPANY IN 3 YEARS
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Distribution: Currently, RGD has a distribution system includes a Two- Channel wherein the company has an offline as well as an online store for its customers. The company is expected to include another channel wherein it will provide the products via mobileapplications.Rapidtechnologicalinnovationshave resulted in creation of demand for such products using Mobile User-interfaces as they are much easier to operate. CONTINUE…
Marketing:The company has adopted Direct marketing and Social Media Campaigns over the years. With a motive to expand its market share, the company aims to divide its market based on general customers aged between 12 to 30 years with a minimum annual income of £1,000. CONTINUE….
Pricing:RGDhasusedaPrice-Savvystrategywhichhas resulted in enabling its overall profitability and sales to a certain extent. However, in the recent years, competition has grown and the company is facing profitability issues. For this purpose, it aimstocontinueitscompetitivepricingstrategyinthe forthcoming years. CONTINUE….
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