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A Critical Asessment of the Boston Matrix and its practical application in BMW - Essay Example

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Masters
Author : klingkennith
Essay
Marketing
Pages 10 (2510 words)

Summary

For the critical evaluation of the strategic competitive strengths,weaknesses and threats that face the company,the most recent and reliable management and marketing literature will be used in order to provide an overview of the operations of BMW…

Extract of sample
A Critical Asessment of the Boston Matrix and its practical application in BMW

For the critical evaluation of the strategic competitive strengths, weaknesses, opportunities and threats that face the company, the most recent and reliable management and marketing literature will be used in order to provide an overview of the operations of BMW. BMW is a global leader in the luxury car market segment and has attained high brand recognition and customer loyalty due to its superior manufacturing technology that aims at satisfying the premium market with stylish, quality and comfortable cars. The report has identified that the concept of marketing has shifted from the time the BCG model was developed to the current marketing concept that is characterized by customer relationships management and societal marketing. The advancement in car manufacturing technologies, the shifts in consumer preferences and decline in natural resources has provided companies with opportunities for product differentiation, formation of strategic relationships and re-organization of the product portfolio. The strategic audit has revealed that BMW is endowed with high technology, high financial resources and customer loyalty and thus it is possible to overcome the market challenges. The automobile industry is faced with scarcity of raw materials, increased global warming awareness, shifts in consumer preferences towards eco-friendly cars, ...
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