There
are four markets segments in which Andrews Corporation is competing which are
Thrift, Core, Nano, and Elite. All the segments are different in
characteristics like Price, MTBF, Age and performance. All the mentioned
segment of the market caters different need and preferences of the customers.
Andrews Corporation is competing in all four segments of the market with its
three competitors named as Baldwin, Chester and Digby.
It
is believed by the Andrews Corporation that rivalry or competition between
sensor manufacturers is quite good and beneficial for sensor business because
each and every competition has the capability of teaching major organizational
lessons. With the competition, the awareness of the market would be achieved by
the organization. At an instance, competitors are not present and it doesn’t
cause the company to improve the quality.
As
the competition rises, the organization optimizes the caliber of products while
keeping the price at a minimum. For instance, purchasing good quality products
has become easier with the rising competition because it allows different
manufacturers to stick to the same price while improving the durability of
product. Therefore, the competition is quite good for a business. Furthermore,
it urges organizations to be unique from other competitors and offer services
which are unique to only them. The aspects which are different makes them stand
out from all the other competitors.
Andrews
Corporation actually made sure to go through every possible and available
dataset like production information, conditional reports, and market segment
analysis before making managerial decision such as financial decisions, HR,
Production, marketing, and even decisions which were related to research and
development.
The
position of Baker was always assured by Baldwin to be quite close to the best
position. After observing and analyzing the movements of Baker on the
perceptual map, the successful positioning of Able was made possible by
Andrews. It was a new product of Andrews in the normal or traditional segment
on the perceptual map. Due to it, Andrews was capable of achieving success in
the normal segment of marketing from the 2020 year to the date by the end 2024
year.
For
overcoming this particular situation, the budget sales of Baldwin were examined
closely by Andrews along with their recent rewards or achievements. It can be
said that it was always made sure by Baldwin to investment the best or maximum
on their promotion and sales and it is the main reason just why they were able
to achieve success. On the basis of such studies and findings, it was decided
by Andrews to expand its budgets regarding promotion and sales, and was capable
of efficiently increasing the accessibility and awareness of the product during
the late five years. Meanwhile, the pricing strategy of every competitor also
had to be understood by Andrews just to make sure that the prices of Andrews
are competitive and tough to be beaten. The aspect of competitive pricing is
more than just a little important because it direct impacts sales and the
generation of revenues.
Through
the first four years, Andrews’s Production department seemed to experience some
certain issues in the case of management of inventory. The role of this
department was to turning every input into a finished output using a series of
processes regarding production. It is a functional area of the whole
organization.
Market Analysis of section
reflects
For
the purpose of analysis, Market can be divided into following segments of the
customers, Traditional market segment, Low end market segment, High end market
segments, Performance Segment and Size market segment.
In
each of the segment, competitive position is different of each of the company
so it is evaluated below individually.