Marketing Plan for TPG Telecom: SWOT, PEST and Competitive Analysis
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Added on 2023/06/03
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This marketing plan focuses on TPG Telecom, the second largest telecom services provider in Australia. The plan includes a SWOT analysis, PEST analysis, and competitive analysis. The aim is to improve the promotional strategies of TPG Telecom to increase revenues.
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Running head: MARKETING PLAN MARKETING PLAN Name of the Student Name of the University Author Note
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1MARKETING PLAN Table of Contents Stage 1............................................................................................................................2 c) About the company....................................................................................................2 d) Situational analysis....................................................................................................2 (i) SWOT analysis of TPG.............................................................................................2 (ii) PEST analysis of TPG..............................................................................................3 (iii) Competitive analysis...............................................................................................4 e) Reference list..............................................................................................................6
2MARKETING PLAN Stage 1 c) About the company TPGTelecomisanAustralianorganizationwhichfunctionsintheITand telecommunications based industry of the country. The company mainly specialises in providing the business and consumer based services and mobile telephone based services as well. TPG has acquired the position of the second largest telecom services provider in Australia. The organization has developed a subscriber base of more than 600,000 people in Australia. TPG was formed after the merger between the Total Peripherals Group that was started in the year 1986 and SP Telemedia which started its operations in the year 2008 (Tpg.com.au., 2018).The new strategies will be proposed for the mobile plans of TPG Telecom. The major marketing variable of the situational analysis is based on the ways by which the organization can improve its promotional strategies in order to increase the revenues. d) Situational analysis (i) SWOT analysis of TPG Strengths – TPG has been successful in the proper execution of new projects that were undertaken by the company. The distribution based network that has been developed by the company is quite strong. The workforce which has been developed by the organization is also highly skilled in nature (Barros, Hernangómez & Martin-Cruz, 2016). Weaknesses –
3MARKETING PLAN The lack of proper financial planning is considered to be a major weakness which has hindered the success of TPG in the telecommunications based industry. The product range which is offered by TPG to its customers has many gaps and the customers are not provided with enough choice (Daspit et al., 2017). TPG has not made effective levels of investment in the research and growth based activities. Opportunities – The dilution of competitive advantage which has been gained by the major competitors of TPG is a major opportunity for the company. TPG has been successful in gaining huge number of customers from different online channels. The increase in levels of consumer spending is also considered to be a major opportunity based factor that is offered to the company (Demir, Wennberg & McKelvie, 2017). Threats – The strengths of different local organizations have started growing and have provided major levels of threats to TPG. The new environmental standards and regulations can provide major levels pf threats to TPG and its operations in the telecommunications industry. The fluctuations in levels of currency are able to pose a major threat to the profitability levels of TPG (Durand, Grant & Madsen, 2017).
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4MARKETING PLAN (ii) PEST analysis of TPG Political factors – The political stability of the country in which TPG operates is able to affect the profitability levels. The regulations based on trade and tariffs in Australia are considered to be important factors that are able to influence the processes of TPG Telecom (Dyer et al., 2015). Economic factors – The levels of intervention of the government of Australia in the development of economic policies is able to affect the processes of TPG. The infrastructureof the telecommunicationsindustry in thecountry of operations of TPG is considered to be a major economic factor which affects its operations (Durand, Grant & Madsen, 2017). Social factors – The skill based levels of the consumers and their demographics are considered to be important social factors which influence TPG. The class based structure, power structure of the society is able to have an immenseeffectontherevenuesandcustomerbaseofTPG(Barros, Hernangómez & Martin-Cruz, 2016). Technological factors – The technological developments which have been made by the competitors of TPG can have an effect on the consumer base of TPG.
5MARKETING PLAN The costs based on the services and products which are offered by TPG can affect the revenues of the organization in a huge manner (Daspit et al., 2017). (iii) Competitive analysis As discussed by Durand, Grant and Madsen (2017), the major competitor of TPG Telecom in the Australian telecommunications industry is Telstra. TPG has been able to tough levels of competition to its major rival in the industry with the help of its services and products. The shares of Telstra in the industry had fallen in a drastic manner in the year 2017. The other major incumbent organizations in the telecommunications industry of Australia namely, Vodafone and Optus have also been affected by TPG Telecom. The price based wars have been able to affect the revenues levels and the profitability of the competitors. The telecommunications industry is considered to be highly competitive in nature and TPG has been successful in providing the highest levels of competition to the other large organizations which have their operations in the Australian retail industry.
6MARKETING PLAN e) Reference list Barros, I., Hernangómez, J. & Martin-Cruz, N. (2016). A theoretical model of strategic management of family firms. A dynamic capabilities approach. Journal of Family Business Strategy, 7(3), pp.149-159. Daspit, J.J., Chrisman, J.J., Sharma, P., Pearson, A.W. & Long, R.G. (2017). A strategic management perspective of the family firm: Past trends, new insights, and future directions.Journal of Managerial Issues, 29(1), p.6. Demir, R., Wennberg, K. & McKelvie, A. (2017). The strategic management of high-growth firms: a review and theoretical conceptualization. Long Range Planning, 50(4), pp.431-456. Durand, R., Grant, R.M. & Madsen, T.L. (2017). The expanding domain of strategic management research and the quest for integration.Strategic Management Journal, 38(1), pp.4-16. Dyer, J.H., Godfrey, P., Jensen, R. & Bryce, D. (2015). Strategic Management: Concepts and Cases.Wiley Global Education. Tpg.com.au.(2018).AboutTPG-CompanyProfile.Retrievedfrom https://www.tpg.com.au/about/profile.php