The document discusses marketing strategies used by various large companies including GOJEK, Telkom, Samsung, Amazon, Lamborghini, Netflix, Aqua, Coca Cola, Bank BTPN, and Lion Air Group. The strategies include merging with other companies to reach more markets, forming subsidiaries to escape high value, appealing to different customer segments through varied product offerings and prices, capturing first-mover advantages, creating barriers to imitation, digital transformation, building geographic strongholds, targeting competitors' markets, and leveraging large financial resources to thwart antitrust suits.
The document discusses marketing strategies used by various large companies including GOJEK, Telkom, Samsung, Amazon, Lamborghini, Netflix, Aqua, Coca Cola, Bank BTPN, and Lion Air Group. The strategies include merging with other companies to reach more markets, forming subsidiaries to escape high value, appealing to different customer segments through varied product offerings and prices, capturing first-mover advantages, creating barriers to imitation, digital transformation, building geographic strongholds, targeting competitors' markets, and leveraging large financial resources to thwart antitrust suits.
The document discusses marketing strategies used by various large companies including GOJEK, Telkom, Samsung, Amazon, Lamborghini, Netflix, Aqua, Coca Cola, Bank BTPN, and Lion Air Group. The strategies include merging with other companies to reach more markets, forming subsidiaries to escape high value, appealing to different customer segments through varied product offerings and prices, capturing first-mover advantages, creating barriers to imitation, digital transformation, building geographic strongholds, targeting competitors' markets, and leveraging large financial resources to thwart antitrust suits.
The document discusses marketing strategies used by various large companies including GOJEK, Telkom, Samsung, Amazon, Lamborghini, Netflix, Aqua, Coca Cola, Bank BTPN, and Lion Air Group. The strategies include merging with other companies to reach more markets, forming subsidiaries to escape high value, appealing to different customer segments through varied product offerings and prices, capturing first-mover advantages, creating barriers to imitation, digital transformation, building geographic strongholds, targeting competitors' markets, and leveraging large financial resources to thwart antitrust suits.
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Global Marketing Final Exam
1. Cost and quality
The move toward an ultimate value marketplace Company : GOJEK :https://www.gojek.com/id-id/ Gojek is known as a digital application-based transportation startup company in Southeast Asia. In order to reach a bigger market, the company merged with Tokopedia and created a group called GoTo. The GoTo Group combines electronic commerce (e-commerce) services, delivery of goods and food, transportation, and finance. The company will provide a financial service called GoTo Financial which includes GoPay services, financial services, and business solutions for business partners. Sources : https://katadata.co.id/sortatobing/indepth/60a3f45d266d1/meukur-strategi-baru- gojek-dan-tokopedia-via-goto-financial Escaping from the ultimate value marketplace by restarting the cycle Company : Telkom Corp :https://www.telkom.co.id/sites Telkom dominates the communications industry in Indonesia by providing a very wide range of services and reaching all parts of Indonesia. In this case, in order to get out of the highest peak of the company's value, Telkom formed a subsidiary engaged in digital with different domains. An example is a subsidiary of Telkom, namely PT Infrastruktur Telekomunikasi Indonesia (Telkom Infra) which is engaged in providing managed services and domestic and international infrastructure solutions. Sources :https://lifepal.co.id/media/List-anak-Company-telkom/ Quality and price positioning Company : Samsung Inc :https://www.samsung.com/id/ The quality of Samsung products is unquestionable as the best Android-based smartphone brand in the world today. Samsung maintains product quality by utilizing continuous innovation development tailored to consumer needs. Samsung targets more than one segments at the same time through offering several packages of products and services. For example, there are several variations of Samsung SMART Signage professional displays with different sizes, screen resolutions and functionalities and ultimately with different price tags. Thus, Samsung appeals to the needs and wants of consumers with varying financial capabilities. Samsung is known to imitate its main competitor Apple in product in design, functionalities, as well, as marketing strategy. Certain Samsung products such as mobile image sensors currently have low turnover. However, these products have been developed with the anticipation that the turnover will increase in the future. Sources : https://research-methodology.net/samsung-segmentation-targeting-positioning- multi-segment-imitative-anticipatory/
2. Timing and know-how
Capturing first-mover advantages Company : Amazon:https://www.amazon.com/ Amazon as an international scale e-commerce company made the first step by selling products by utilizing online media. This strategy provides positioning advantages, market share and also greater product innovation opportunities. The advantage of being the first commercial company in the field of e-commerce makes Amazon the largest company in the world. Amazon maintained their first- mover advantage in two ways; by partnering with Borders and continuing to extend their product offerings into apparel, electronics, toys, and housewares. This negated any customer preference for purchasing from Barnes & Noble by becoming a much larger, one-stop-shopping destination. Sources : https://www.referenceforbusiness.com/management/Ex-Gov/First-Mover- Advantage.html#:~:text=Amazon%20maintained%20their%20first %2Dmover,one%2Dstop%2Dshopping%20destination. Creating impediments to imitation Company : Lamborghini :https://www.lamborghini.com/en-en Lamborghini as a luxury car manufacturer creates market barriers with a sophisticated car production technology strategy. In addition, the company positioned the product in the form of a unique car product, which was limited and only intended for the upper class. This obstacle makes it difficult for competitors to penetrate the market or make similar products and compete in the same market. Lamborghini focuses on creating unique cars with luxurious, sophisticated and limited designs. Sources: https://economictimes.indiatimes.com/as-population-of-super-luxury-cars-like- lamborghini-zooms-owners-do-bizarre-things-to-make-them-stand- out/articleshow/17620796. cms?from=mdr Transformation or leapfrogging Company : Netflix :https://www.netflix.com/en-en/ Netflix is one of the most successful companies in the world in digital transformation. Netflix is known as a content creator alias content creator. But now Netflix has dared to shift by creating its own original content that can be enjoyed by everyone. Although it is still limited to TV series, this condition has made Netflix successful in implementing digital transformation. Netflix offers entertainment services one step further, namely by juxtaposing it via the internet, which customers can get much more easily. Sources : https://inform.tmforum.org/features-and-analysis/2017/03/digital-transformation- can-learn-netflix/ 3. Entry barriers Building a geographic stronghold by creating and reinforcing entry barriers Company : Aqua :https://aqua.co.id/ In its geographical segmentation, Aqua addresses all markets in Indonesia. Not only in urban areas, but we can also find Aqua products in the suburbs, even in the countryside. Demographically, Aqua targets people of all walks of life and gender. AQUA holds more than 62% of the bottled water market in Indonesia, the fifth most populous country in the world. AQUA Group's processing plants as a whole have a production capacity of more than 485 million liters of water per year, and AQUA exports to Singapore, Malaysia, the Philippines and Australia. It can be said that AQUA is a product that is not affected by climate differences, this is because the consumer's need for clean water will always occur continuously as a need that must be met and does not recognize the surrounding natural conditions. Sources : https://blog.ub.ac.id/fauzidian/2012/10/21/segmenting-targeting-and-positoning- aqua/ Targeting the product market strongholds of competitors in other countries Company : Coca Cola :https://www.coca-cola.co.id/id/home Coca-Cola takes every customer as a target, however its segmentation is mainly based on “age, family size and income.”[3] The perfect segmentation was a main factor for Coca-Cola's success. Age is one of the most important segments of Coca-Cola deviding it mainly into two parts: Coca-Cola mainly addresses its product to a young customer base aged between 10-35. That is why they often use well-known pop stars to promote their product. Also, the company targets universities, schools, Colleges etc. in acquiring contracts. However, the coca-Cola diet products also addresses an elderly segment considering people with diabetes who are often 40 plus. Income is another important factor: the company offers its product in many different sizes and packages at different price levels making it affordable also for students, families, middle-class etc. Sources : https://www.assignmentsbox.co.uk/wp-content/uploads/2011/10/The-Coca-Cola- Company-Marketing-Strategy.pdf Competitors react to new hurdles Company : Bank BTPN :https://www.btpn.com/ The development of a digital financial system makes many companies act in the competition of the financial industry. Ovo, Flip and other companies are pioneering the digital finance industry. Their competitors, such as commercial banks, are trying to leverage innovation. Bank BTPN with its Jenius brand has succeeded in redefining the meaning of banking to the wider community. How not, Jenius is said to be one of the first banking companies to take advantage of digital transformation. Jenius presents a new breakthrough with an online account opening service with only one application, making it easier for the public without having to meet face to face and be faced with difficult banking bureaucracy. Jenius also provides various banking services, from balance checks, transfers, to cash withdrawals using only applications. Sources : https://sasanadigital.com/5-examples-of-successful-companies-implementing- digital-transformation/ 4. deep pockets Large firm thwarts antitrust suit Company : Lion Air Group :https://www.lionair.co.id/ The Business Competition Supervisory Commission (KPPU) imposed a sanction of Rp. 1 billion to the three companies that are members of the Lion Air Group. The company was proven to have violated Article 19 letter d of Law Number 5 of 1999 concerning the Prohibition of Monopolistic Practices and Unfair Business Competition. "In the decision, KPPU imposed a fine of Rp. 1 billion to each of the Reported Parties, so that in total, KPPU imposed a fine of Rp. 3 billion to Lion Air Group. Sources : https://money.kompas.com/read/2021/03/29/162702126/terhasil-do-practice- monopoli-3-company-lion-air-group-didena-rp-1?page=all The rise of a countervailing power Company : Walmart :https://www.walmart.com/ Walmart as a retail company in the world has succeeded in mastering the retail trade by opening many branches throughout the world. Walmart's glory began to waver when Amazon tried to compete with the business system created by Walmart. Amazon's competitive move is to acquire Whole Foods. Amazon is developing a new store that is smaller and cheaper than Whole Foods, but offers a much wider variety of products. The store is said to also focus on the drive-thru sales model, but still prioritizes convenience. This model allows consumers to buy groceries online and pick them up without having to get out of the vehicle. Sources : https://economy.okezone.com/read/2019/03/02/213/2024880/saingi-walmart- amazon-ubah-concept-toko Smaller competitors use courts or Congress to derail deep-pocketed firm Company : Cisco.Inc : https://www.cisco.com/c/en_id/index.html?country-redirect=true Cisco as a technology company was sued by a small company, Centripetal for $1.9 billion in cases of copying Centripetal's cyber security product patents. The payment includes an award of $1.89 billion, reflecting $755.8 million in actual damage suffered by privately owned Centripetal, multiplied by 2.5 to reflect Cisco's "deliberate and appalling" behavior, plus prejudice interest. Cisco did not present an objectively reasonable defense in court Sources :https://www.itworks.id/33282/cisco-diorderkan-pay-19-miliar-dalam- juangan-paten-as.html