EXECUTIVE SUMMARY
This plan seeks to investigate the viability of establishing Virgin Mobile in Nigeria, then launch upon conviction that the environment is conducive and how we will get our mapped-out target to use our services. For purpose of analysing the business environment, PESTEL and SWOT analysis was used and the focus was basically on the telecommunication industry.
PESTEL demonstrated that the environment is conducive for our company and products though there are a couple social unrests such as bombing but the Nigerian government is doing all it can to stop the situation. Nigeria is a developing country and so to continue to increase the rate of development, the government has removed all stringent restrictions on foreign
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1.2 PESTEL Analysis
Political/legal factors: there are no restrictions on the level of foreign investment (shareholding/domiciled enterprise) as repealed by Decree No. 7 of 1995 Nigeria Enterprise promotion Decree in Nigeria except in production of Ammunition and production of and dealing with narcotic drugs and psychotropic substances. Companies can move money in and out of the country for Business purpose but must be through an authorised agent i.e. solicitor (HB Bill 117 (n. d.).
Intending foreign owned companies must get Business permit, expatriate quota and fulfil all other incorporation conditions required by CAC as well as fulfil all licencing conditions stipulated by Nigerian Communications Commission through its 2003 Act.
The Nigerian communications commission (NCC) recently banned all promotions and lotteries by telecommunications operators. The promotion include free minutes to call at specific times and on-net calls offered at lower tariffs below to prevailing inter-connect rates which causes congestion in network as subscribers taking advantage of the promotion tries to use up the minutes within the time given (NCC 2012). The commission also requires that all telecommunication companies
The book Masque of the Red Death by Edgar Allen Poe, that is a gothic story. This is about a prince hiding from the plague. He closed the gate and party to forget about the plague. He bring his friends because they can be safe and run from the disease. Then later many people died when an uninvited person came to the party. This book shows that you can not escape from fear by hiding in a lock castle and the price is careless..
The future of the telecommunication industry is an exciting future. No longer can these companies depend on telephone service plans to maintain profit. Each company needs to find other avenues, packages and services that can be sold to existing customers while attracting new customers. The companies
Nevertheless, such facts about Nigeria as fear of Ebola epidemics spreading across its territory, growing rates of corruption, a presence of Boko Haram Islamist group, and a great dependence of the national currency from oil prices stand against drawing Canadian companies to it. In this case, understanding and possibility
The acquisitiveness of one results in the torture of many. In the story of Macbeth, Shakespeare unveiled the tragic sequence of events that happened all because of greed that is found on the dark side of the human nature. In the eleventh century in Scotland, Macbeth is a well-known nobleman for his great bravery in defending the country. Macbeth is first introduced to the limits of his power and his ambitions by the witches, who greet him with three titles: Thane of Glamis, which Macbeth is aware of, Thane of Cawdor, which is actually is true at this point, but one that Macbeth has not been told of, and King, which has not yet become true. The witches are the ones who plant the actual idea of killing Duncan into Macbeth's mind; however, Macbeth was the one to perform and went further than that. In other words, avarice is proven in the play to be the root of all evil.
Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption, bureaucratic corruption, electoral corruption, embezzlement, and bribery. Corruption has even been said to be a viable enterprise in Nigeria due to the involvement of citizens, government officials, and private corporations alike. Two main factors help explain why corruption and bribery are so high in Nigeria, these factors include Nigeria’s complete dependence on the petroleum industry and profit-focused companies taking advantage of a less developed,
The business case presented focuses on insatiable demand amongst a growing population for a service built on dilapidated, poorly maintained infrastructure, against a backdrop of government deregulation in the telecoms sector. As of 1992, there were a mere 78k telephone lines for the 27m people living in 4.7m households (a population set to double over the coming 24 years), with users suffering success rates of just 25%. Demand was forecast to grow to 500k subscribers by 1996. The recent deregulation of the telecoms sector (via the break-up of TPTC into TPC and TTCL) and the formation of a regulator (TCC) had
Firstly, it is important to remember the current situation of Trader Joe’s in USA, the company has over 400 stores in 30 states and is the leader in customer service in USA. However, the company is not on the top ten supermarkets in sales category. Additionally, Trader Joe’s just operates in USA and does not have experience in other international markets. (Peterson, 2013)
Nigeria has been a country in political turmoil for a long time. The country was created in 1914 under British colonial rule and at that time it was considered a protectorate. It was not until 1960 that Nigeria received independence from the United Kingdom. One of Nigeria's problems politically is that it has over three hundred different ethnic groups. The three largest of these are the Hausa-Fulani, Igbo, and Yoruba. At the time of the independence of Nigeria it was split up into three states with each state being under the control of one of the major ethnic groups. The natural resources of the other 297 ethnic groups were exploited for the major three groups,
This paper will describe the details of a fictitious company and provided its background and will develop a marketing plan with a focus on segmenting and positioning its product and service. Thirdly, this paper will determine and decide upon at least one (1) foreign market for the product and service.; identify the marketing segment for the product and provide a rationale for this segment and discuss the target market and provide a rationale for this target market. Also, it will perform a SWOT analysis (strengths, weakness, opportunities, and threats) for the
The Nigerian economy has quite the surplus of natural resources they offer the potential for economic growth. “Crude oil accounted for over 95% of exports and over 65% of government revenue in 2004;” Nigeria is number eight in the world's exporter for oil. But agriculture still is a big part in the basic economic activity for the Nigerians.
Nigeria is an Agricultural and oil rich nation but characterised by Political instability, corruption, poor
The main objective of this research is to assess the different promotional strategies of SMART and Globe Telecom Networks in the Philippines. The reasons that pushed the researchers to write about this topic is because one of the most widely used technologies today involve the use of networking, and the main providers of such networking use different promotional strategies to beat the competition. The researchers will provide adequate information about the processes and procedures of the networking companies and also the different perceptions of the respondents the researchers are going to interview.
Keeping in view the positive consumer attitude towards natural fruit juices and their hesitance to purchase these juices due to affordability factor, we have introduced a new brand of natural fruit juice, Liven Up. Liven Up is a hundred percent natural fruit juice with no artificial additives. It is produced keeping in line with the international standards of organic food production and ensures maximum health and hygiene factor. Unlike other brands Liven Up, will adopt a pricing strategy that encourage the consumers to purchase the beverage even in the recessionary time. Liven Up will be launched to target a mass market and will target a diverse set of market segments. It will position itself as a beverage that cares for the health of its consumers.
What that means in Nigeria, we had good growth, we had high profitability the firms were able to generate fund at home which was then reinvest in other African countries, and where we see opportunities was identified. A firm ownership advantage may include resource endowments and favourable domestic
When you look at the continent of Africa, there is a country on the west coast called Nigeria. It is officially known as the Federal Republic of Nigeria, it’s capital is Abuja and it has the largest population among African countries. The total population in Nigeria was estimated at 181.5 million people in 2014, according to the latest census figures. The country achieved independence in 1960 from Great Britain and has struggled economically, socially and politically since (Central Intelligence Agency, 2016). In order to have good understanding about Nigeria’s status and health progress after the creation of the Millennium Development Goals (MDG), information has been gathered about socioeconomic data, health indicators, and priority goals.