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OBU论文 Presentation

A review of the marketing strategy of Mindray and its effectiveness

ACCA registration number:

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O b s e r v a t i o n a n d e x p l o r a t i o n 1P r o j e c t O v e r v i e w

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I II M a r k e t S t r a t e g y

III

E f f e c t i v e n e s s E v a l u a t i o n

C o n c l u s i o n s & R e c o m m e n d a t i o n s

Contents

?Introduction

Topic : No.18.

“A review of the marketing strategy of an organisation and its effectiveness”Target organization: Mindray Medical International Limited (Mindray)

?Research Questions (RAP Logic)

?What makes Mindray distinguish from domestic competitors?

?How can Mindray compete with foreign brands on the world stage?

?What is Mindray’s marketing strategy?

?How effective is Mindray’s marketing strategy?

?Overall Framework

Internal Environment ?Company Overview

Project Objectives

Marketing Strategy (4Ps)

Research Questions

Marketing Strategy Effectiveness Evaluation

Conclusion & Recommendation

External Environment ?PEST Model

?PORTER’S 5 FORCES

Business Model Analysis ?SWOT Model

Ratio Analysis

?Vertical Comparison ?Competitor Comparison

Marco Environment

Aspect Characteristic Political?China healthcare reform

?Localisation tendency

?Emerging industry classification

?Regional market access conditions like CE & FDA Economic?Global growth of MedTech products

?China becomes the 2nd largest market

?Increasing spending on national healthcare Social?Population growth and aging

?Urbanisation process, more middle class

?Preference for foreign brands Technology?Multidisciplinary industry

?Continuous research and development

?Product structure upgrading

?Government funds to support R&D

Industry Environment

Aspect Rate Characteristic

Rivalry High?Domestic manufacturers who supply

low to mid‐end products;

?Foreign companies who supply high‐

end products.

Threat of New Entrants Low?High capital & technical barriers ?High switching cost

Threat of

Substitutes

Low?Can not be replaced

Bargaining Power of Buyers High?Hospital& Government is powerful ?Distributor is negotiable

Bargaining Power

of Suppliers

Low?Can be replaced easily

?Mindray Overview

Leading developer, manufacturer and marketer of medical devices worldwide.

?Vision

We will make better healthcare solutions more accessible to humanity.

?Mission

Improve healthcare by optimizing and sharing medical technologies with the world.

?Core members

Good education background. Experts in computer science, biomedical and physics.

?Milestones

?Certification & Qualification (ISO9001, CE, FDA, etc.)

?Merger & Acquisitions world‐wide (Datascope, Zonare, Ulco, etc.)

?Listed on New York Stock Exchange

?Mindray’s Market Strategy (4Ps)?Product

36.7%

27.8%

26.0%

9.6%Mindray’s Product Share (2014)

Patient monitoring and life support products In ‐vitro diagonostric products

Medical imaging systems Others

Committed to Innovation ?13% of sales revenue ?Talent 2000+?Patents 1300+

?New products 7‐10 annually ?Master or PhD 63%?

R&D centers

10

?Mindray’s Market Strategy (4Ps)

?Place

?United States: Agents

?Europe: Direct sale

?China: Direct sale in first‐tier cities

Agents for lower‐tier markets

China market breakdown

?City Hospital

?County hospital

?Broader basic healthcare system ?Promotion

?ISO9001, CE, FDA, etc.?Listing on the NYSE

?Exhibitions & Forums

?Price

?High price

?Focused differentiation

Ratio Analysis –Vertical comparison

294

548

634

704

881

1,060

1,214

1,323

20040060080010001200140020072008200920102011201220132014

S a l e s R e v e n u e ($, M i l l i o n )

MR's Sales Revenue (2007‐2014)

400,975486,441600,665686,585738,504

56.9%

55.2%

56.7%

56.6%

55.8%

0.0%

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%0

100,000

200,000300,000400,000500,000600,000700,000800,000201020112012

20132014G r o s s P r o f i t M a r g i n (%)

G r o s s P r o f i t ($, T h o u s a n d )

MR's Gross Profit

Gross profit Gross Profit Margin

?In 2014, global sales revenue reached $1.323 billion.

?

The CAGR from 2007 to 2014 was 24%.

?

From 2010 to 2014, gross margin position remained relatively stable at 56%.

Ratio Analysis –Vertical comparison

12345Operating Profit 155,587167,038191,331210,224192,526Net Profit Margin 22.1%19.0%18.0%17.3%14.6%ROCE

15.9%

13.9%

13.2%

11.4%

9.9%

155,587167,038191,331210,224192,52622.1%

19.0%

18.0%17.3%14.6%15.9%

13.9%

13.2%

11.4%

9.9%0.0%5.0%10.0%

15.0%20.0%

25.0%0

50,000

100,000150,000200,000250,000R a t i o (%)

O p e r a t i n g I n c o m e ($, T h o u s a n d )

MR's Net Profit & ROCE

?

Net profit and ROCE continued to decline. Causes of deterioration need further discussion.

Ratio Analysis –Vertical comparison

?Current ratio and quick ratio were high ?Collect payment quicker 20102011201220132014Current ratio 4.0 3.7 3.0 2.5 2.9Quick ratio 3.5 3.3 2.8 2.3 2.6Inventory period 95.387.787.596.194.1Receivable period 74.383.163.966.261.4Payable period

53.3

44.9

42.3

64.8

58.4

0.0

20.040.060.080.0100.0120.00.0

1.02.03.04.05.06.0P e r i o d (d a y s )

R a t i o

MR's Liquidity Ratio

?Pay suppliers slower ?Stable inventory level

Ratio Analysis –Vertical comparison

20102011201220132014 Debt1,13337,38054,043222,925208,255 Equity434,158566,199700,007865,6911,000,272 Financial costs2,9001,3904,0936,3456,400 Dividend34,09146,10258,37558,85346,823 Financial Gearing0.00 0.07 0.08 0.26 0.21 Interest cover53.65 120.17 46.75 33.13 30.08 Dividend cover 4.56 3.62 3.28 3.57 4.11?Debt ratio was low.

?Strong capacity in paying interest and dividend.

Ratio Analysis –Competitor comparison

?

GPS’s sales revenue was 12‐25 times than Mindray

?

Mindray showed stronger growing trend than GPS.

20102011201220132014GE Revenue $16,897$18,083$18,290$18,200$18,299Phillips Revenue $11,400$12,336$12,820$12,712$12,162Siemens Revenue $16,387$17,444$17,519$16,793$16,456Mindray Revenue $704$881$1,060$1,214$1,323GE Growth Rate 5.5%7.0% 1.1%‐0.5%0.5%Phillips Growth Rate 9.7% 2.9%12.8%‐4.1%‐4.1%Siemens Growth Rate 3.7% 1.2%9.0%‐7.3%‐1.7%Mindray Growth Rate

11.0%

25.1%

20.3%

14.5%

9.0%

‐10.0%

‐5.0%

0.0%5.0%10.0%15.0%20.0%25.0%30.0%$0

$2,000

$4,000$6,000$8,000$10,000$12,000$14,000$16,000$18,000

$20,000G r o w t h R a t e (%)

S a l e s R e v e n u e ($, M i l l i o n )

Revenue and Growth Rate (2010‐2014)

Ratio Analysis –Competitor comparison

?

GE’s net profit

performance was the best, followed by Siemens.

?

Mindray’s profit was climbing but its

margin was dropping.

20102011201220132014GE Operating Profit $2,741$2,803$2,920$3,048$3,047Phillips Operating Profit $1,148$38$1,318$1,746$604Siemens Operating Profit $2,406$1,859$2,331$2,699$2,684Mindray Operating Profit $156$167$191$210$192GE Profit Margins 16.20%15.50%16.00%16.70%16.70%Phillips Profit Margins 10.10%0.30%10.30%13.70% 5.00%Siemens Profit Margins 14.70%10.70%13.30%16.10%16.30%Mindray Profit Margins

22.10%

19.00%

18.00%

17.30%

14.60%

0.00%

5.00%10.00%15.00%20.00%25.00%30.00%

35.00%$0

$500$1,000$1,500$2,000$2,500$3,000

$3,500P r o f i t M a r g i n (%)O p e r a t i n g P r o f i t ($, M i l l i o n )

Profit and Margins (2010‐2014)

Ratio Analysis –Competitor comparison

U.S.45%

Europe 22%

Growth 33%GE Healthcare

U.S.Europe Growth

U.S.38%

Europe 36%

Growth 26%Siemens Healthcare

U.S.Europe Growth

U.S.42%

Europe 33%

Growth 25%

Phillips Healthcare

U.S.Europe Growth

U.S.14%Europe 10%

Growth 76%

Mindray Medical

U.S.Europe Growth

Company

Principal market GPS United States & Europe Mindray

Growth regions

Ratio Analysis –Competitor comparison ?R&D: Mindray invested most for research and design.

?Liquidity: Mindray collected the payment faster than GPS.

?

Efficiency: GPS’s employee output was at the same level, while Mindray was half of their performance.

2014 ($'000,000)

GE

Healthcare

Phillips Healthcare

Siemens Healthcare

Mindray R&D expenses $1,000 $1,088 $1,337 $147 R&D intensity

5.5%8.9%8.1%11.1%Current Receivables

$4,350

$2,796

$3,324 $223

Receivable collection period 87 84 74 62 Employees

51,000 37,065 48,000 8,200 Employee output $0.36

$0.33

$0.34 $0.16

Strengths Weaknesses

?Strong in R&D

?Product structure in line with China healthcare reform

?Global presence in both developed and emerging markets

?Good relationship with government ?Product certification and license ?Healthy financial condition ?High price, high revenue and high growth momentum ?Relatively poor market performance in first‐tier cities in China

?Lack of experience in the post‐

acquisition integration

?Low output efficiency

SWOT Analysis

Opportunities Threats

?Fast growing medical device market, especially China

?Increasing demand for quality

equipment and supplies

?Booming capital market in China ?Online sales of medical equipment just started

?Wearable medical devices becomes fashion ?Demand reduction and cost saving in United States and Europe markets ?Changes in marketing strategy of foreign brands

?Rapid growing domestic competitors

SWOT Analysis

?Conclusion

Mindray's marketing strategy is very successful fore the following reasons.

?What makes Mindray distinguish from domestic competitors?

?Focus on quality and certification, establish a reliable brand image ?Seizing customer's psychology, implementing price skimming strategy ?Understanding government’s role, keeping up with Chinese healthcare reform

?How can Mindray compete with foreign brands on the world stage??Grasp the dynamic market, always active in the most promising market ?Flexible marketing strategies, diversified promotion and radical expansion ?Constant innovation, adopt bidding machine to attract customers

A presentation 英语范文

On behalf of Grant Telecommunications, I’d like to welcome you. My name is Joseph Green. Today I’d like to give you a product presentation for the new XT 3000 mobile phone. My presentation is divided into three parts. First, I’ll explain the features of the new phone. Then, I’ll talk about how the phone compares with others on the market. And lastly, I will highlight the USPs of the new product. Right, let’s start with the features first. The new XT 3000 is great and it has some excellent new features. These include voice-activated dialing. What this means is that you can say the name of the person you would like to call into the phone and it will automatically find the person’s number and dial. Another fantastic feature is the 100 mega pixel camera—you won’t miss another precious moment. When compared to other products, the XT 3000 comes out on top. I will run through some comparisons against the following three products: HR 500, Elektra v1.2 and SP 989. The HR 500 doesn’t have such an excellent 100 mega pixel camera. The Elektra v1.2, which is a similar price to the XT 3000, does not have the voice-activated dialing facility. And the SP 989, which has all the same features as the XT 3000, is much more expensive than the XT 3000. This brings me to the final part of my presentation. I would like to briefly highlight the USPs (Unique Selling Points) of the XT 3000. Firstly, it is very competitively priced. It also has the most features of any phone on the market at this price. Additionally, customers are able to buy the different parts of the phone in different colours, which enables them to customise their phone to the look they want. And finally, there are lots of accessories to further customise it. All in all, the XT is a fantastic buy! Thank you for listening. Does anyone have any questions?

思修与法基论文

论为人处事对当代大学生的影响 摘要:为人处事态度直接影响着大学生人格发展方向,对大学生的人格品质、自我评价、情绪健康、学习适应等人格方面具有广泛的影响。当代大学生为人处事态度并不是很端正、积极,而积极的态度对当代大学生各方面的发展都十分重要,因此有必要采取相应的策略。端正大学生为人处事态度的有效策略是:勇于实践,积极面对掌握为人处事的基本技能,加强自我教育,塑造良好的个性品质;学会欣赏别人,并拥有一颗宽容之心,克服社会偏差,控制好自己的情绪,发挥团体优势,并能为团队竭尽全力,有集体荣誉感,促进的学生人格健康发展。 关键词:为人处事,态度,当代大学生,人格健康 当代大学生接受了高等教育丰富了知识、提升了学历,学习、生活方式丰富多彩。然而当代大学生为人处事态度并不积极存在一些不足之处:第一,责任心不强,因此有了事不关己,高高挂起的说法,第二,礼貌、文明程度不够高,在校园内存在一些现象:当代大学生对师长视而不见,擦肩而过,体现出对师长都不够尊重,第三,以自我为中心,有些自傲,也经不起别人的一顿批评,第四,待人不过宽容,遇到一点小事容易发生纠纷,第五,自觉意识不强,主动性也较差,易受外界不良环境的影响,第六,在学习和生活过程中,目标不是很明确,表现出一定的盲目性。 随着社会的发展和文明的进步,社会对个体的一切越来越高。塑造健康的人格已成为高等学校交易的重要责任和核心的任务之一。 为人处事的好坏是一个人社会适应能力和健康人格的综合体现。健康的人格总部随着积极的为人处世态度。为人处事态度最直接的体现是人际关系。心理学家马斯洛、奥尔波特、罗杰斯都把建立适宜、良好的人家关系作为人格健康者应具备的能力。新技术分析学理论认为,心理病态主要是由于人际关系失调而来的。因此,和谐的人际关系积极的为人处事态度和健康人格的反映,同时有影响和制约着即将为人处事态度和健康人格的形成和发展。具有健康人格的让人,能积极地与他人交往,建立起良好的、建设新的软件更新和积极的为人处事态度;人格有障碍和缺陷者,往往缺乏稳定的、良好的人际关系。

英语论文题目中英文表达

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英语presentation常用语(很实用)

转帖一 成功英语演讲的秘诀:开场白、结束语 应对问题 -I will be pleased to answer any questions you may have at the end of the present ation. -Please can you save your questions till the end. -If you have any questions, I will be pleased to answer them at the end of the pre sentation. -there will be time at the end of the presentation to answer your questions-so plea se feel free to ask me anything then. -Don't hesitate to interrupt if you have a question. -Please feel free to interrupt me at any time. -Please stop me if you have any questions. -If you need clarification on any point, you're welcome to ask questions at any time. -Can I come back to that point later? -I will be coming to that point in a minute. -That's a tricky question. -We will go into details later. But just to give you an idea of... -I am afraid there's no easy answer to that one... -Yes, that's a very good point. -Perhaps we could leave that point until the questions at the end of the presentatio n -I think I said that I would answer questions at the end of the presentation---perha ps you wouldn't mind waiting until then. -I think we have time for just one more question 欢迎听众(正式) - Welcome to our company - I am pleased to be able to welcome you to our company... - I'd like to thank you for coming. - May I take this opportunity of thanking you for coming 欢迎听众(非正式) - I'm glad you could all get here... - I'm glad to see so many people here. - It's GREat to be back here. - Hello again everybody. Thank you for being on time/making the effort to come to day. - Welcome to X Part II. 受邀请在会议上致词 - I am delighted/pleased/glad to have the opportunity to present/of making this pre

英语论文presentation

Presentation Abstract: For a long time our country attaches great importance to the English reading and writing aspects, and weak in listening and speaking. Work in foreign company for a long time that we Chinese although in technology is good, but the ability to do the presentation, than westerners, and people belong to Asia, India, Singapore, are much less, level have obvious difference. So, where is the gap mainly displays? We need to improve in what aspects? Key word: pronunciation、speed、pause、quotation、sentence 1、introduction Speech is a language art, it is the main form of “speaking”, and that is to use the expressive force of spoken language and the pursuit of words and sounds appealing. Even at the same time supplemented by “play”, namely the use of facial expression, gestures, posture, and even all can understand language, make speech “artistic” rise, to produce a kind of special artistic charm. Also called presentation or speech, speech is to point to in public places, with sound language as the main means, with body language as auxiliary methods, according to a specific problem, bright, full, published their own view and opinions, to clarify things or expressing emotion, In a language communication activity of propaganda. The purpose of the overall speech can be divided into the following seven classes: 1、Persuade the audience to take some actions; 2、Hope the audience understand the message; 3、To provide information for a specific audience demands; 4、As controversial or challenging views provide discussion platform; 5、Understand people’s reactions to certain situation or ideas; 6、Win the audience’s participation and cooperation; 7、Make the audience to participate in the development of solution to problems. 2、content 2.1、material selection: Wilss, Wolfram. The Science of Translation –Problems and Methods. Gunter Narr Verlag Tubingen,1982. Newmark, Peter. A Textbook of Translation. New York: Prentice Hall, 1988 Delabastita, Dirk. Translating Puns: A false Opposition in Translation Studies. Target, 1991(3:2):137-152. Altenberg, B. (1984). Causal Linking in Spoken and Written English.

思修与法基

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