Goals And Objectives Of Bicycle Company

Improved Essays
4.0 Marketing plan
Marketing goals/objectives
Before started to do business, each business required to do a definite marketing plan in order to achieve goals. Goals and objectives of LEAFXPRO are to created innovative product available to different models of bicycle although the weather condition is not good. The most important objective is to bike more rather than using a transport that can pollute our planet. Here, we are using the ‘SMART’ to achieve our business goals.
S= Specific
M= Measurable
A= Achievable
R= Realistic
T= Timely
Specific means focuses on one goal of each plan to increase productivity of the company. Our company created a product called LEAFXPRO to every cyclist to protect them from rain and wind and then expands
…show more content…
It helps to attract the attention as well as create greater awareness of public to get to know the products that your company is selling. (Van Waterschoot & Van den Bulte 1992) Bicycle World Company uses the method of Internet Marketing Promoting and selling the bicycle (LEAFXPRO) through online using various forms of online marketing techniques such as banner advertisement, videos or social media. The company also uses the sales promotion to sell the LEAFXPRO, the Company using money off coupons or special offers to increase short term sales.( Rossiter & Percy 1987) We also intended to create Bicycle World Company account through FACEBOOK and TWITTER and update the latest information about our new product LEAFXPRO to our …show more content…
Some customers are feeling lazy by taking transport for long time which only wanted to purchase a product. They may give up from choosing the product and go to other company that located near their house. Location of Bicycle World Company are located near to bus station and train station. Customers can find Bicycle World Company from bus stop by walking a distance for 3minutes.
2. Packaging strategy
Customers would feel satisfied and comfortable if our product is nicely package. Before buy the product, we believe customer’s first impression will focus on the package (Excoffier, Laval & Schneider 2005) and see whether it is damage or in a good position or whether it is easy or hard to remove the package. Thus, manufacturers of Bicycle World Company produce the package with arrow line for customers easy to remove. LEAFXPRO is easy to caring by putting in to a bag which is convenient for cyclist for caring them to everywhere by wear on shoulder or carry on the bike.
3. Quality

Related Documents

  • Improved Essays

    The internal source of verbal information in ASDA gets from face to face interviews, Meetings, sale, HR, Customer service and from finance. The external sources of verbal information in ASDA are gets from customer, government and from suppliers. Written Information The second one is written information.…

    • 755 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    FDR 531 Week 1 Assignment

    • 460 Words
    • 2 Pages

    I will be living in the suburbs of Minnesota and working in Minneapolis, after graduating from Luther College. I want to eventually move to Denver, Colorado or Seattle, Washington. According to Forbes magazine, Denver ranks second and Seattle seventh, among the best cities for new college graduate to reside. The rankings are based on the number of jobs per resident, the percentage of millennial residents, the unemployment rate and the median rent for a 2 bedroom apartment. One of the best value the recent face-to-face networking opportunities such as Twitter and Facebook offer is acting as product-conversation catalysts; not product replacements.…

    • 460 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Lastly, the metal components that make the Breezy’s Leather Goods products will also be brand-specific. Some product metal components may include zipper, buckle, snaps, and logo placement. These simple components can be used to differentiate specific collections. The small detail components are significantly important because notice the chart below that the luxury segment has been growing fast within the past 15 years where leather accessories is approximate 80% higher and also the aspirational luxury now represent over 60% of the luxury market (“Fashion & Leather Goods,” 2009, pp. 55). Breezy’s Leading in Luxury Leather Goods Market While Breezy’s Leather Goods may start as a small retail and manufacturing business, it stands apart from its…

    • 989 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Social media gives the option to companies to make interactions and communicated with Costumers or brand lovers. As Jenny Q.ta in her article “What Impact Has Social Media Truly Had on Society” mentioned, “Interactions and feedbacks from customers help businesses to understand the market”. These interactions are comments and likes that can have positive and negative results. For business owners comments act like a survey, comments can convince others to buy the product, which will increase the amount of costumers, although Sometimes comments can turn against them if they are negative. Also as jenny Q.ta uses in her essay that companies “give away prizes to enthuse consumers to visit their social website…

    • 915 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Team Research Question: How can Paws Pantry spread awareness to IUPUI students? Your section of the lit review: Using social media as the main source of spreading awareness Research shows that nonprofit organizations and business have found that the use of social media in today’s modern society can help their businesses or organization be known; however, the way you present and organize your information can be very important in the process of spreading awareness. (Quesenberry, 2016; Brunetto, 2013; Deigh, 2010).…

    • 403 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    This amazing product has worldwide popularity and has the potential to thrive in many markets. Therefore, an in-depth market analysis needs to be conducted to assist in making a final decision. Regardless of the product and market, to launch and successfully establish a product in an established market, there are many factors that must be given careful consideration such product, timing, logistics, entry mode and finances. Target Market for Selling and Production The Target market is the market in which the firm carries out its marketing operations such as, production, selling, and others.…

    • 1748 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    In response to your request, the marketing team and I have discussed feasible solutions on how we can ensure customers confidence regarding the integrity of the company as well as the company’s product “LiveMobile”. After reviewing the behaviour of our customers and objectives of our company, we have devised three recommendations: 1. We should employ social media to better communicate, inform, and create publicity about the product. 2. We should develop a survey to decide which social media platform would be the most appropriate for our clients.…

    • 812 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Case Study: Mets

    • 574 Words
    • 3 Pages

    1.0 Company / Band Overview Metrical Systems (“MetS” for short) is a Toronto-based indie rock band. Similar in sound to the well-known Metric and close in popularity to The Beaches (“METRIC”; ”The Beaches”), MetS have just released their first full album and are beginning their first national tour in the next six months. Their current fanbase is mostly based in Toronto, but is diverse in range and expanding quickly. This tour is an opportunity for the group to build their brand, grow their fanbase and most importantly fund their future development and next album (Rieger 432; Hess). Marketing, promotions and publicity are inseparable parts of any successful music tour, which allow to make the most of the experience for the artist, record studio and consumers as well .…

    • 574 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Marketing Mix There are four elements that make up the marketing mix, product, price, place, and promotion. A product can be defined as everything that makes up a good, service, or idea, including product design, features, colour, packaging, warranty and service levels. (textbook) A price refers to the expected selling price of a product. The place consists of the channels where a product is distributed and the merchandising used to sell the product.…

    • 1502 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    In Sherry Turkle’s chapters “Empathy Diaries” and “The Flight from Conversation,” Turkle argues that Social Media is stopping our generation from having conversations with one another, losing one of the main things that makes humans, human. The idea of conversation being lost with technology that was created initially to make it easier to have conversation with those far distance away but it has become an excuse for not talking to those around you . I agree that nothing within society can get away without being changed by social media. What is on your personal Social Media account can determine whether if you get the job or lose it. In our generation Social Media can affect a lot of more than just one individual person but can decide the fate…

    • 1218 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Strengthening my social media presence will potentially boost sales, since most of my business is conducted online. The digital strategy allows for independent consultants like myself to be cued into who the customers are, and what they are purchasing. I am also able to receive immediate feedback from customers, allowing me to recognize my businesses strengths and weaknesses. Overall, modifying my approach to customers online is key to success, since many consumers expect companies to have an online presence.…

    • 1313 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    With ________ as a target market strategy, the firm concentrates on serving many needs of a particular customer group. • single-segment concentration • product specialization • market specialization • selective specialization 12. Company X's principal strength is its inbound and outbound logistics system; its relative weakness, however, is after-sales service. Its competitor, Company Y, however is often plagued with lagging shipments and an inflexible distribution setup. Company Y remains successful because it maintains a fully staffed service department and, as a result, the company is known for its dependable service.…

    • 1398 Words
    • 6 Pages
    Improved Essays
  • Decent Essays

    SMART marketing objectives Q1. You are required to develop at least two SMART marketing objectives to facilitate the achievement of the goal. A brief explanation of each would be necessary. The basic principles of marketing are based on the SMART objetives which gives a scope to clearly define the purpose of the marketing plan.…

    • 718 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Recruitment: - platforms such as LinkedIn, Facebook and Twitter has transformed recruiting, resulting in 92% of companies to using these platforms for hiring purposes; up from 89% prior year and 45% of Fortune 500 corporations have social media links on their career page. Statistics shows that LinkedIn is the most favored for recruiting, and 93% of companies uses this platform followed by Facebook at 66% and Twitter 54%. Seventy three percent of recruiters states they are pleased with their hires via social media and a third of employers refused candidates that had negative information in their profiles. With the capabilities of the internet, businesses no longer ask prospective recruits for some information, they search individual profiles…

    • 933 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    AC 2.3 Evaluate the competitive strengths and weaknesses of an organization’s current business Internal Environment: SWOT ANALYSIS - STRENGTHS The current business strategy of Grace Kennedy is to evaluate and monitor group performance in order to achieve the strategic goals of the Internal Processes, Financial objectives, Customer satisfaction and Learning and Growth Objectives (GraceKennedy.com, 2014). STRENGTHS SUPPORTING EVIDENCE EFFECTS PLANNED INITIATIVE • Strong consumer and customer base Customer survey Increase profits Brand loyalty Word-of-mouth testimonials increase customer base…

    • 994 Words
    • 4 Pages
    Decent Essays