logo image

Technological factors

The technological environment has been partly analyzed and it is clear that there are major players that have already taken a fair share of the market. According to Al-Abed et al. (2005), technology is changing at a very fast rate in the global market and it is up to Al Fahim to discover or import new technology before the competitors do so. This will enable it to grab a fair share of the market. Marketing strategy. In relation to the porter generic strategies, Al Fahim should combine a variety of strategies in order to grab a fair share of the market from the main competitors (Damluji, 2006).

Cost leadership strategy should be combined with product differentiation in order to achieve the optimum results. Cost leadership strategy will involve minimizing general operational costs, and at the same time ensuring that the products meet the highest standards. This will require access to high quality factors of production, as well as tight controls to ensure that all resources are used efficiently (Business Monitor International Ltd. , 2003). The end result will be production of high quality products at low cost, which is favorable with consumers.

Product differentiation will involve selling the products depending on market

Need essay sample on "Technological factors"? We will write a custom essay sample specifically for you for only $ 13.90/page

characteristics. For instance, when producing airtime cards, there should be lower denomination cards for the low end market and higher denomination cards for the upper end markets. In pricing the product, Al Fahim should combine penetration pricing and price discrimination strategy. Penetration pricing will involve selling some products at prices below the market price, and this will be aimed at attracting consumers from the major competitors, since this is a new market it is penetrating (Burd and Susan, 2007).

Price discrimination will involve selling the same product at different prices in different markets. This will ensure that both the people in the upper and lower income groups can afford the products. Conclusion. It has been seen that Al Fahim has vast experience due to many years of operation. It has also grown from humble beginnings to be among the largest business enterprises in the UAE. This is attributable to the leadership of the founder as well as the ability of the management to predict future market trends.

The major factor that will ensure Al Fahim’s success is the goodwill that it has enjoyed over the years from customers, when dealing with the other products it has been producing. The customers will relate the success in other products with the success in the telecommunications industry, and the company should take full advantage of this goodwill. It is therefore up to the company to combine the discussed strategies in proportionate measures so that it might attract clients from the telecommunication players who are presently operating.

References. Al-Abed, I. , Al Abed, I. , Hellyer, P. , Vine, P. , (2005). United Arab Emirates Yearbook 2005. Dubai: Trident Press Ltd. Al Fahim group. Retrieved on December 12, 2008 from <http://www. alfahim. com/en/default/aspx>. Business Monitor International Ltd. (2003). Middle East Monitor. Dubai: Business Monitor International. Burd, G. , Susan, J. (2007). The Urban Communication Reader. New York: Hampton Press. Damluji, S. S. (2006). The Architecture of the United Arab Emirates. UAE: Garnet.

England Commercial Intelligence Service. (2002). Multinational Telecommunications Companies. London: Commercial Intelligence Service. Library Information and Research Service. (2005). The Middle East. UAE: Library Information and Research Service. OECD. (2008). OECD Economic Surveys. New York: OECD Publishing. Oxford Business Group (2008). The Report Dubai 2008. London: Oxford Business Group. Soros, G. (2008). The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means. Dubai: PublicAffairs.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy