Strategic Marketing Case Essay

650 words - 3 pages

CBA CASE STUDYSTRATEGIC MARKETING CASE"NOKIA'S TURN TO EAT HUMBLE PIE"Communication plays a very important role in our life. Nowadays, cellphone is one of the "must-haves" in our day to day living. With its large target market, different mobile telecommunication companies have been trying to penetrate the markets to offer their latest innovative mobile products.One of the famous and successful mobile phone manufacturers in the world is Nokia. Like any other companies, Nokia has been able to use strategies and approaches to meet the needs and demands of their target market. It keeps being the leader in the mobile telecommunications relies on its plentiful experience, technology innovation, and scientific marketing strategy.However, it can be said that the company still needs to consider other strategies to remain competitive in the market because of the cut-throat competition in mobile communication. This can be evidenced by their shares to dramatically down by 20% due to the penetration of their competitor. Nokia must be able to have an intensive marketing plan to ensure success and apparently, their experience to eat the humble pie won't happen again. With the emergence of Apple Iphones today, the strategy of Nokia relies on growing, transforming, and building the Nokia business to ensure its future success.Although Nokia is an established multinational company, the management must still be able to use different strategy that would sustain Nokia's competitive advantage and ensure market success. The marketing plan must include the business strategy that Nokia must use which includes the strategic intent, competitive strategy and marketing mix. The strategic concept of Nokia is to take the demand-side strategy. In doing so, Nokia subdivides the whole market into several objective markets according to the researches about the partialities of different individuals. And then the different types of mobile phones are put into the market aimed at attracting different groups. The competitive strategy of Nokia aims on improving the innovative ability to win the...

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