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Marketing Plan for Harvey Norman
Pages 12 (3012 words)
Marketing Plan for Harvey Norman Company Name: Instructor: University: Course: Date: Marketing Plan for Harvey Norman Company Market Situation Analysis Including Trends and Competitors and PESTLE The success of Harvey Norman Company is largely associated to the current demand of electrical products in the market…
Due to the high demand of electronic products both locally and internationally, Harvey Norman Company has opened different stores to cater for the different needs of their customers both locally and internationally. The market situation analysis for the company indicates that the company has increased its sales significantly over the last years despite the harsh trading conditions they have operated. However, their retail spending has been largely affected by debt they have accrued both internally and externally. This is negative to the grot of the company, since most customers have decided to shop online because of the readily available substitutes for the products produced by the company by other companies (Synnot & Fitzgerald, 2007). Harvey Norman Company faces stiff competition from other companies dealing in similar products because of its large scale production tendencies. There are many companies that form strong competitive force for Harvey Norman Company dealings. Theses are companies that also share similar market as Harvey Norman Company, therefore, are major competitors for the company as they also target similar customers like Norman Harvey Company. Most major competitors for the company originate from the United States. ...
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