Paris Graduate School of Management Thai Nguyen University Paris Graduate School of Management Thai Nguyen University INTERNATIONAL EXECUTIVE MASTER OF BUSINESS ADMINISTRATION PROGRAM THESIS TITLE: MARKET DEVELOPMENT STRATEGY FOR SUFAT VIETNAM CORPORATION VISION 2013 - 2018 Student’s name: PHAM CUONG Intake I 2012 i Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University ACKNOWLEDGEMENTS In the thesis process with topic “ Market development strategy for Sufat Vietnam corporation period year 2013 – 2018 “. Beside the efforts of yourself, I must say that I am quite happy with his reading and writing after more than 02 months. It is the result of over 02 years of study with 12 subjects of the PGSM program, with the enthusiastic teaching efforts of professors, PhD, lecturers who have given very realistic and useful knowledge to the students during their executive management. I would like to thank the teachers, especially PGSM board of management in Vietnam who have made a lot of efforts not only to transfer knowledge to students, but also have been successful as the organizers of the program.
Yours faithfully, i Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University TABLE OF CONTENTS ACKNOWLEDGEMENTS.………………………………………………………i TABLE OF CONTENTS.ii LIST OF FIRUGES.vi LIST OF CHARTS, GRAPHS.viii LIST OF TABLE.THE NECESSITY OF RESEARCH TOPICS. Sphere and the researching objects. STRUCTURE OF THE THESIS.3 CHAPTER I: THEORETICAL BASIS OF MARKETING AND MARKET DEVELOPMENT STRATEGY. BASIC CONCEPTS OF MARKETING.
Some basics in marketing. MARKET ORIENTATION OF A COMPANY. Production perspective of view. Marketing perspective asserts.
VALUE AND SATISFACTION CUSTOMER IN MARKETING. The determinants of value for customers .2 Monitoring and quantify methods and customer satisfaction. SUPPLY AND SATISFACTION CUSTOMER. General value chain.
Supplying value system. The observed results of satisfaction customer. Supplying value system of Levi Strauss. The cost of losing customers.
THE OVERALL QUALITY OF THE MARKETING (TQM). Monitoring the implementation of the overall marketing strategy quality (synchronous). Win at all costs on the market. STRATEGIC PLANNING AND MARKET DEVELOPMENT STRATEGY OF THE COMPANY.
Define the mission and program of the company. The main types of growth opportunities .12 ii Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University 1. ANALYSING EXTERIOR ENVIRONMENT (ONLY THE PPORTUNITIES AND CHALLENGES. Construction of strategy.
Construction of programs. Feedback to check. THE MARKET ANALYSIS OF CONSUMER AND BEHAVIOR OF BUYER. Models of behavior customer.
Analyze the determinants of shopping behavior. PROCESS THROUGH THE DECISION TO BUY. Role in shopping. The type of shopping behavior.
The stages of the buying process are through the buying decisions. MEASUREMENT AND MARKET OF DEMAND FORECAST. The concepts in the measurement market. SEGMENTATION MARKET AND SELECTION OF TARGET MARKET:.
CREATING DISCRIMINATION CHARACTERISTICS AND OSITIONING FOR PRODUCT MARKETING. DEVELOPMENT, TESTING AND LAUNCH OF NEW PRODUCTS AND SERVICES. THE DESIGNING PRICE STRATEGY. SELECTION AND MANAGEMENT OF MARKETING CHANNELS.
37 CHARTER II: ANALYSIS OF FACTORS AFFECTING THE MARKET DEVELOPMENT STRATEGY OF SUFAT VIETNAM COMPANY.OVERVIEW OF Sufat VIETNAM COMPANY. The process of formation and development. ANALYSIS OF EXTERNAL ENVIRONMENTAL FACTORS INFLUENCING THE BUSINESS OF THE COMPANY. Environmental analysis of Vietnam's motorcycle industry.
General evaluation on the Vietnamese motorcycle market. Analysis of generalSufatmarket forces .48 iii Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University 2. ANALYSIS AND COMPARISON OF COMPETITORS. Appreciating Sufat’s competitors.
Recognize competitors’s strategies. To classify the competitors. SUFAT DOMESTIC ENTERPRISE ANALYSIS. Analysis ofSufatcorporation’s ability and resources.
Organizational and capacity production. Reviewing of research & development R & D (Research & Development). The company's market. Implementing Marketing in general.
Implementation of Marketing synchronization quality (TQM). Chain value of the company's activities. Strategy for growth by diversifying products. Business and investors outside of the company.
The company's distribution system. The Reviewing Quality Management TQM. Determining and reviewing of valuable resources and core capabilities. To sum up SWOT analysis.70 CHAPTER III: PROPOSED STRATEGY FOR THE ENTERPRISE.
VISION AND MISSION:. Vision and mission. The target of quality. PROPOSED STRATEGIES FOR SUFAT VIETNAM.
The Market Strategy. Marketing distinguish or not distinguish. Make a distinctive feature and product positioning for marketing. Make a difference for the products.
Make the differences in services. Make a difference in personnel. 78 iv Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University 3. Difference in figures.
Management the types of labels and packages. Must be brought value to satisfy the demands of customers. Supply and customer satisfaction. To set the price.
Selection of target valuation. The selection channels for Sufat. The other key activities. Development of engineering technology and information technology.
To perform marketing of quality (TQM). Detection strategies of competitors. Methods to improve competitive results. The detection of direct competitors.
Designing the competitive intelligence information system. Balance of opinion-oriented based on customers and competitors. The solution for implementation. Information channels to ensure that marketing is the most integral department.
Global development strategy. Strategies for Sufat. Strategies for Sufat in oversea markets. The targets for Sufat in the period 2013 – 2018 .101 REFERENCES APPENDICES v Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University LIST OF FIGURES Figure 1.83 vi Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University Figure 3.97 vii Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University LIST OF CHARTS, GRAPHS Graph 1.64 viii Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University LIST OF TABLES The table 2.93 ix Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University INTRODUCTION I.THE NECESSITY OF RESEARCH TOPICS In the eyes of foreign tourists, Vietnam as a young country is changing day by day, many new things to be discovered including a habit of driving motorcycles.
Do not know ever since the motorcycles have become an indispensable traffic vehicles of every citizen. Motorcycles take them to work, go to shopping with their wife, at weekend the whole family on a motorcycle to visit their grandparents and parents. Looking at the young couple in love with each other on the motorcycle, looks nice and romantic but few people know, to make motorcycles, especially Vietnamese brand - Sufat brand to win the trust of customer, is both a creative working process and large investment on engineering technology, infrastructure. That it is the employees’ relentless marketing team to find the desired needs of the consumers and then it is the process of linking divisions to make motorcycles and popular products and services in domestic and oversea markets.
Motorcycles have emerged since the 1930s of the last century, especially in Asia. After World War II, motorcycle competition held tough on the 40 companies in Japan, but so far only 04 major companies (Honda, Yamaha, Suzuki, etc.in the 1980s, China opened the Chinese motorcycle industry to provide rapid development. At present strongly growing Chinese motorcycles, cheap gas. At present account for 50% of the world's motorcycles production mainly for export in Southeast Asia, the dominance of the Japanese motorcycle company, China's low - class motorcycles.
In Vietnam, the motorcycles was introduced in early, since the 60's: The motorcycles for the North: Mink (USSR) Babeta (Czechoslovakia) Simson (German Democratic Republic). Honda cup, Suzuki, Yamaha, kavasaki (Japan). The motorcycles on almost all 02, only Cup 67 have moved into the fourth period. Since the beginning of the reforms (1986) motorcycle marke & stain very developed, the market mainly imported motorcycles or produced by foreign firms, assembled in 1 Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University Vietnam, especially in the motorcycles firms from Japan, and the type of motorcycle cheap low quality from China (in the 1990s).
At present, Vietnam's motorcycle market is managed partly subsidized, and a market. State the goal of building the local motorcycle industry.With certain policies with many Vietnamese businesses involved in this sector.In the years from 1997 to 2000 there were 56 enterprises licensed businesses Estate business. Although much more difficult, only 7 enterprises operating with very low yields. Meanwhile, demand for motorcycles in Vietnam market has increased about 10 percent a year For Vietnamese motorcycles enterprises, many challenges are posed.
Market is dominated by foreign firms (Japan, Taiwan, China, etc. As for domestic production, the entire system of suppliers in domestic market haven’t developed, local supporting industries, mechanical engineering industry is very weak. Therefore, many of the factories, workshops closed, workers leave the domestic capital enterprises will have to leave the industry, and almost no longer participate in new business etc. As a manufacturing and trading enterprise motorcycles, following a process of development, at present the corporation is facing difficulties as enterprises other as noted above, the production and the domestic market doesn’t increase, or even reducing, export market also has many limitations.
This is the major influence on the development of the enterprise. Therefore market research on the subject “Market development strategy for Sufat Vietnam corporation vision 2013 – 2018” is necessary. The Researching objectives of the thesis: The researching thesis in order to achieve the main objectives as follows: 1. The theory of the market system, to develop a strategic market and enterprise development of a market.
Analysis of the status of the external environmental factors and internal enterprise to specify opportunities, challenges, strengths and weaknesses of company Sufat. 2 Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University 3. Propose strategies to develop and implement solutions to market strategy for the corporation in the period 2013-2018. Collected information Information collected to research from the following sources: - The secondary information - The primary information 2.
Information processing Information collection complete set of comparison and analysis to obtain the identification and assessment of the market situation, the situation of the enterprise. SPHERE AND THE RESEARCHING OBJECTS The researching thesis focusing on the issues of the company's markets, both domestic and international markets in the past and the present stage. Thereby, the forecast trend in the future. Data collected mainly in about 5 years (2007-2011).
STRUCTURE OF THE THESIS In addition to an introduction and conclusion, the thesis is structured into three chapters as follows: Chapter 1. Theoretical basis of marketing and market development strategy Chapter 2. Analysis of the market situation and business Chapter 3. Proposed strategy and solution development company markets the period 2013-2018.
3 Pham Cuong CLASS: ieMBA.B01 Paris Graduate School of Management Thai Nguyen University CHAPTER 1 THEORETICAL BASIS OF MARKETING AND MARKET DEVELOPMENT STRATEGY 1. BASIC CONCEPTS OF MARKETING 1. Marketing There can be various definitions, in reality business companies to have new thinking about the objectives, strategies and tactics of its Marketing, not only based on the success of yesterday but alsoneeded changes quickly to meet the needs of consumers. Marketing is a social management process, by which individuals and groups obtain what they need and desire through creating, offering and exchanging productsvaluable to others.
Some basics in marketing Desired needs and requirements: • The needs of human beings is a state of feeling lack of some basic satisfaction • Desire is the desire to get things specific to satisfy the deeper needs (Americans need and expect foods hamburger dish). • Request is desired to obtain the specific product is backed by the ability and willingness to buy them. Products: • Product is anything that can bring offered to satisfy a need or desire • The importance of starting material products mostly do not own them, which is to get the services that it provides. • The manufacturer or mistake is to much emphasis on their physical products rather than services that these products perform.
They only think about selling products rather than addressing the needs.