Asia’s single leading communications group SingTel, headquartered in Singapore have its investments and operations in more than 20 territories and countries. The solution and service by the group is provided in fixed, data and mobile communications, information technology, internet, pay television, consultancy and satellite. The company has experience more than 140 years and in country’s development played a pivotal role as a major communication hub. Their subsidiary in Australia named Opus is integrated leader in telecommunications constantly increasing the innovative bar in services and products (Baillie et al. 2020). Strategic investments have been done in leading companies in Africa, Asia including Bharti Airtel (south Asia, India), Globe Telecom (Philippines), Telkomsel (Indonesia) and in Thailand the ‘Advanced Info Service’. One of the largest listed companies in Singapore is SingTel on the Singapore Exchange by capitalisation of the market. Throughout US, Europe and Asia Pacific, there is vast network by the group and more than twenty thousand staffs are employed worldwide.
The major competitors of SingTel are Star-Hub, Mobile 1, Telstra, Vodafone and TBJ Telecom Ltd. And the recent mergers have been with Turn.Inc, NTU Singapore & A*STAR AND Mobile. The proven management framework, SWOT Analysis enables the brand in bench marking its performance and business as compared to the industry and competitors.
Strength: with the upcoming of the 5G connectivity, the company have been continuing to enhance and strengthen the resiliency of the infrastructure and network so as to cater for new technologies that would rely on high bandwidth connectivity and low latency. The construction have been completed in the INDIGO central submarine cable systems and INDIGO West linking Sydney in Australia and Southeast Asia to Perth. The network has also been expanded in the Southern Hemisphere with Southern Cross Next construction in Australia, United State and New Zealand. So there exists operational efficiency and timely upgrades(Devanesan, 2020).
Weakness: as the launching would be atrial round, full experience of 5G may not be just available. The implementation of high band 5G would require some major changes. The travelling of the 5G signals within the high band spectrum have short ranges and might be difficult penetrating windows, walls or any hard surfaces. Significant investments in infrastructure should be undertaken by the network service providers (Al-Absi et al. 2020).
Opportunities: the customer experience would be redefined by the setup of the 5G network by bringing new opportunities by innovating all customer touch points to post sale support from marketing. Across the world as the rollouts of 5G begins, business has been faced by customers specially those in retail and hospitality sector and for opportunities, the new communication technology in enhancing the engagement of customers has been set apart from the laggards.
Threats: the home regions have saturated markets and in case of subsidiaries there has been stringent regulations. With the evolution of 5G ideas, competitors are posing threats. With the growing frequency of cyber threats and sophistication the company’s capabilities have been reinforced by the launch of the Trust ware Fusion Platform that functions as the “mobile security operations centre’, providing real time insights to the enterprises on their security status . Such systems are instilled with threat intelligence causing to respond rapidly towards potential threats and the attacker’s window of opportunity would be reduced minimising the cause of damage.
Two major competitors are faced by SingTel in the telecom market that are M1 and Star Hub. Both have been supported by the worldwide experienced telecom operators and strong local partners additionally. The best competitive threat to SingTel has been no doubted posed by Star Hub. There have been no extra edges in matching the two brands for launching any similar kind of product. On the other hand M1 has less capacity in competing with SingTel. So SingTel need not go for tried and tested technologies that might not furnish the company with a sustainable competitive edge. Rather, collaboration with agencies, innovators, R&D associations and equity providers would lead to recognising and investing in new services and integrating them with the 5G telecom services.
One of the best tools is the PESTLE analysis through which it can be utilised by the analysers of the markets for monitoring and analysing the environment macro factors that impacts as well as influences the organisation (Helmold, 2019).
a)Political factors: beyond the organisation the holding of the Singapore Government has a positive impact on the launching of the new 5G services. The majority forces of the organisation have been owned by Temasek Holdings as it is one of the Singapore government’s investment wings. With the help of capitalization of the market, SingTel in the Singapore exchange has a total portfolio of over 200 billion dollars. The investment and disinvestment decisions in matters of launching the 5 trial programme would be influenced by the constitution, laws of Singapore as well as the shareholder of TEmasek and Minister of Finance. With the backing of the Singapore government, the investors would have confidence for maximizing and investing the credibility of the company.
Segmentation:The identification of niches with detailed needs, new customers found in mature markets and delivering more effective and focused marketing messages. For each segment the marketing messages needs to be designed and for all types of customers the features needs to match (Camilleri, 2018).
For SingTel segmentation is being done as:
Target:For each segment, there needs to be evaluation of commercial and potential attractiveness in terms of: criteria size where the company justifies in terms of segmenting (Schlegelmilch, 2016). If market is found smaller, then 5G network would not be attractive. Secondly, between each segment there must exist difference in techniques and thirdly how much anticipated profits might exceed cost and change 5G plans needs to be measured.
Differentiation: in particular differentiation implies branding of the product. In an increasing market for global competitiveness, the business and product improvements are constantly happening and competitor’s price could be easily matched (OeKulet, Wanyoike, &Koima, 2019).. So there needs to be critical differentiation of brands. It is therefore highly recommended to aware the potential customers in the market as much as possible using different advertisement techniques.
Positioning:this is the last strategies element for making the product of the company to stand in a market. Positioning is important for effective branding of the product (Gonchar,Gorokhova&Ponomarenko, 2019). In this case if the strategies that have been planned by SingTel in launching of the 5G Programme needs to get acquainted with the customers or into the sectors, otherwise all efforts would go in vain. The table below representing positioning of SingTel in the market among its competitors(www.ibscdc.org, 2020).
Product:the product mix strategy in launching its 5G products can be explained as follows:
The starting of SingTel was as the provider of fixed line telephone service but as years passed the company has been bringing about diversification in marketing mix service and product base. In recent times, the offers and services that the brand has been providing are broadband plans, Wi-Fi and upcoming services of 5G both pre-paid and post-paid. Besides the high speed network there has been internet based TV connection, fibre broadband, on demand services of videos. The company has been providing services for lifestyles like SingTel newsstands, music, smart home, surf school, etc. the diversification of the company’s product leading to 5G have showcased the transformation of everyday events into 5G UNBOXED immersive experiences. The family could now avail for any 5G applications, the features of the showcase are the robot ambassadors for the next generation.
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