- •Corporate objectives need to be smart. Why do they need to be smart and what it means is explained bellow.
- •Realistic objectives
- •Understanding and keeping ahead of competition
- •It wasn’t a completely new product though.
- •The need to be innovative and enterprising when identifying opportunities in the market place
- •Communicating effectively with consumers to satisfy their expectations
- •Dealing with internal and external constraints that may hamper marketing activities
- •Marketing Mix
- •Product
- •Promotion
- •Increasing sales and profits
- •Disadvantages:
- •It’s cheaper to advertise on the radio
- •It is expensive, but costs less than advertising on tv.
- •Disadvantages:
- •Disadvantages:
- •Disadvantages:
- •Disadvantages:
- •Below-the-line promotion
- •One level channel
- •Two level channel
- •Three level channel
- •It is more profitable to sell direct to the customer though, because it allows businesses to save the costs of supplying their products to the retailers or wholesalers.
- •Business Organisation. (Functional areas of the business, roles, responsibilities of the departments and marketing objectives.)
- •Corporate objectives
- •Marketing objectives of Apple
- •Marketing Mix
- •IPod (musical digital player)
- •Segmentation
- •Branding
- •Product features and attributes
- •Apple Sells Record Number of Macs for q4 2007
- •Is currently successfully diversifying into digital players’ market.
- •Weaknesses
- •Opportunities
- •Threats
- •Respondents
- •Apple Questionnaire
- •Economic
- •Technological
- •Focus Group
- •How Focus Group should be organised.
- •Advert No.1
- •Advert No.2
- •Advert No.3
- •Advert No.4
Corporate objectives
First of all, I would like to explain how Apple actually plans its corporate objectives. It starts with corporate aims which are the long-term ambitions of Apple and the reason why their business exists. These are general objectives where Apple is trying to think how to offer the best possible quality of the products for the best value. Inventing new products, which would satisfy customers’ needs and wants, can also be a corporate objective.
Values are the assumptions that employees at Apple have about their work. In order to introduce and put something new into practice, Apple has to encourage its employees, influence their attitudes and the way people in their company work. Culture and spirit within the business needs to represents their current corporate aims and objectives.
Mission statements are written descriptions which inform Apple stakeholders about the main aims and objectives of the business, and motivate workers as they can see exactly what needs to be done and achieved.
Strategic objectives are also a part of the corporate objectives, which are the medium to long term targets, which are set by senior mangers in Apple in order to help middle, junior managers and other members of staff achieve corporate targets. All departments in the business need to work together in order to achieve the objectives, because they are very important.
There are also operational objectives at Apple, which are basically targets for the day-today operations in the business to make sure staff achieves strategic objectives, which will then have an effect on its corporate objectives. These objectives are usually set for each department in the business. There are also very important, because if one department fails to achieve its operational objective, then all departments within the business might fail to achieve its strategic objectives.
Individual objectives are targets being set for each employee by the junior managers, in order to motivate workers and encourage them to help each department achieve its operational objectives.
It can clearly be seen that everyone in the business is dependent on each other. If one person fails to meet the deadline and do what he was asked to do, then everyone suffers. However, this helps to delegate responsibility to all workers within the business, which also encourages them to work hard in order to help the company achieve what it wants.
Marketing objectives of Apple
Companies have different objectives. Some of them want to increase the amount of shares they have on the market, others want to increase their profit. Apple is one of those companies, for which increase in sales and profit are not the main objectives. The offer good quality and customer satisfaction. The list of all Apple objectives is given bellow:
O ffer the best possible quality on the market and relatively low prices on their products
Increase their shares and become the most influential company on the musical market
Increase their shares on the computer software market
Increase the sales of Mac computers
Achieve the status of environmentally friendly company by reducing the impact of Apple products on the environment
Apple is a large, well established business, which already has some shares on the market so it can afford to set increasing market share as an objective. They can also afford to increase the sales of their computers, because they already have relatively high sales.