This is a strategy that focuses on a single marketing mix/brand. In this case, the product offered is for the ride-sharing companies. In the future, the company might expand into providing security systems for homes and streets. The market segment composes of the ride-hailing companies.
Types of segmentation variable to describe primary target market segment
Type: Business-o-graphic_ Variable name: Profession_ Description: Ride-hailing companies such as Uber and …show more content…
Businesses, homes, and individuals are all at risk of threats. The company’s mission is to provide a security platform that is reliable and trusted by its customers and by the world as a whole. We will provide branded products and services of superior quality and value that will offer top security service to our customers.
Goals
The goal of the firm is to be a leader and one of the top companies in the security market. We serve to benefit our customers by providing a real-time security system and prompt response in maintenance and customer services any time of the day.
Objectives
In setting the objectives the company will focus on 5 key areas. SMART (Specific, Measurable, Assignable, Realistic, Time-related)
• The company will put in effort in improving the quality of service offered and stay up to date with upgrades to the security system used.
• The company will measure the progress achieved by the before and after results on using the products, the active customer base. For instance, if the crime rate among ride-hailing services reduce after using the product the system can be said to be effective after considering other factors that might have assisted in reducing the crime