8-2 Homework Signify Analysis MKT 618

.docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

618

Subject

Marketing

Date

Jan 9, 2024

Type

docx

Pages

4

Uploaded by kiawilliams246 on coursehero.com

1 8-2 Homework: Signify Analysis Akyah Leak-Williams MKT 618 Jeff Haddox November 12, 2023
2 Analysis of Company A Dutch company called Signify NV, formerly known as Philips Lighting NV makes lamps and lighting solutions. Producing lighting products primarily under the Philips brand, Signify also produces WiZ, Philips Hue, Color Kinetics, and Interact. Signify practices "customer centricity," or concentrates its marketing efforts on its target audience. Customer centricity is driving better processes and is a more locally-focused operating model superiority. In addition, Signify creates and provides unique lighting products through a variety of unique brands. Another component of Signify's marketing plan is digitalization. They employ their capacity for data analytics to provide superior customer service. Application of Metrics The calculation indicates that Signify's ROE is comparatively constant. Still, being consistent isn't always a good thing in business. A company's sustainable growth rate is determined by calculating its return on equity (ROE) (Chng, 2016). Marketing campaigns are therefore necessary to continuously increase the ROE year over year. According to ledsmagazine.com, UV-C or ultraviolet technologies that can deactivate SARS-COV2 are among the Signify products that have had a significant impact on sales during the pandemic. (Halper, 2021). As a result, Signify introduced a new line of cabinets and luminaires that are capable of eliminating the majority of microorganisms. The products include wall-mounted UV-C disinfection upper air, ceiling-mounted UV-C disinfection upper air, and UV-C disinfection batten. Despite a rise in sales of UV-C products, CEO Eric Rondolat declined to give precise figures (Halper, 2021). Future business prospects for Signify will primarily target health-conscious consumers who want to maintain a virus-free and hygienic environment.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help