Free Essay

Mkt 421 Week 1

In:

Submitted By cusefan21
Words 968
Pages 4
The Passion for Ridgid Tools
MKT/421

The Passion for Ridgid Tools
Throughout the years the lives of many have been influenced by passionate individuals, such as Thomas Jefferson, Bill Gates the founder of Microsoft, who revolutionized the computer industries, and Leonardo da Vinci an inventor years ahead of his era (Miller, 2014). In today’s society individuals are free to express their passion in whatever peaks their interest and one of those things are tools. A handy man, contractor, or just hobbyists have one thing in common, and that’s their passion for his or her tools. Notwithstanding, certain elements need to be present for customer loyalty and those elements include customer service, warranty, and durability of the tools.
There are many manufacturers in the industry of tools, some of which manufacture hand tools while others manufacture power tools or even heavy equipment. At the same time, some manufacturers make all three types of tools. Moreover, among some of the well-known tool manufacturers available are Ridgid, Craftsman, and Snap-on. Even though, these three companies are among the most popular of tool brands in the United States, each have benefits and drawbacks.
Benefits
Ridgid, Craftsman, and Snap-on all have one very important thing in common that plays a major role with the purchasing decision of the passionate tool user, and that is all three carry a lifetime warranty on mechanic’s tools; such as wrenches, ratchets, screwdrivers, sockets, and a few others. Equally important, tools produced by all these manufacturers are durable and can withstand some abuse. Regardless, of brand an individual decides to purchase the ease of getting a tool replaced is very important. For example, if a Ridgid tool breaks the owner can go to the local Home Depot and get it replaced. Furthermore, if a Craftsman tool was to break he or she can head to the local Sears and get it replaced. In the meantime, Snap-on tool owners have to take another avenue, which some do not want to deal with, and that is to call the toll free number to locate a Snap-on truck vendor to get the tool exchanged or get it shipped (Snap-on Incorporated, 2013). All in all, knowing the tool being purchased has the ease of replacement, the durability, and the lifetime warranty can give any passionate tool owner the peace of mind knowing their investment in the tool is there for the long haul. Although, all three brands have great benefits, one does stand out above the rest which will be covered later.
Drawbacks
Meanwhile, there are some drawbacks to each of the manufacturers mentioned. First, all three tool brands are expensive compared to the many other brands on the market. Craftsman for decades was the leader of hands tools and the ease of replacement. However, the sale of craftsman tools has dropped dramatically in the last few years due to outsourcing, what was American made is now made in China. As a result, customers feel the quality of tools is not what they used to be (Smith, 2013). On the other hand, Snap-on tool quality still remains strong, but the down fall to Snap-on is the inconvenience of having to call a toll free number to locate a vendor so you may exchange a tool and satisfying their set schedule not yours. Furthermore, both Craftsman and Snap-on tools only offer a lifetime warranty on hand tools such as sockets, ratchets, screwdrivers, and wrenches and not power tools unless the consumer purchases at an additional cost an extended warranty, even then it is not a lifetime. Finally, the tool of choice for many from the basic handy man to the industrial worker is the Ridgid tool. Ridgid truly believes in building a long loyal relationship with its customers on many levels. First, to many Americans who like to purchase built in the USA products Ridgid in the answer. Equally important, Ridgids warranty surpasses the competition’s, by offering a lifetime warranty on all hand tools, pneumatic, and even power tools by just going to their WEB site and simply registering the tool serial number along with the Home depot receipt number. However, there are two drawbacks with the Ridgid product. First, drawback is as previously mentioned the tools are pricy. Second, drawback if the consumer fails to register his or her tool purchased within 90 days he or she will forfeit the lifetime warranty. However the one year warranty still applies. Similarly, to Craftsman tools a Ridgid tool owner can go to any Home depot store and get his or her tool repaired or replaced free of charge. In conclusion, three different tool companies where discussed along with the drawbacks and benefits to each. The research shows all three companies had similar traits to earn customer loyalty such as; aggressive warranties and convenience in exchanging tools. Even though, some made it a little easier for the consumer than others. However, the passion of the other leans more towards the Ridgid product due to fact their warranty covers all tools across the spectrum while others limit what is covered for free and what is covered for an extra charge. Ridgids warranty policy truly is exceptional on many levels to satisfy any passionate tool collector. But you are the judge whether you want to spend that extra few dollars for a lifetime peace of mind.

References
Miller, E. T. (2014). Why Passion Counts!. Rehabilitation Nursing, 39(2), 61. doi:10.1002/rnj.158
Smith, R. (2013). Is It Time for Sears to Sell Craftsman?. The Motley Fool. Retrieved from http://www.fool.com/investing/general/2013/12/07/is-it-time-for-sears-to-sell- craftsman.aspx
Snap-on Incorporated. (2013). Terms of and Conditions of Sale. Retrieved from http://www1.snapon.com/display/termsofsale.nws

Similar Documents

Premium Essay

Mkt 421 Week 1 Individual

...Marketing MKT/421 Introduction Marketing is a very unique process that enables limitless methods or variations for an entity to appeal to a particular target market as well as to deter from a particular market. Marketing is used in more than just business; The kinds of clothes an individual wears and the attitude a person portrays can be used to market him or herself to the public for many reasons: Maybe to attract a woman a man is attracted to, possibly to impress the president of a company a person is interviewing for, and even to just create a base of his or her character in which other people will judge him or her by. Marketing is everywhere from the business side of the spectrum to relationships people have with one another. Marketing Marketing is a very diverse term and can be defined in various ways. One way to define marketing can be that it is the performance of activities that seek to accomplish an organization’s objectives by anticipating customer or client needs and directing a flow of needs satisfying goods and services from producer to customer or client (Perreault, W. D. 2011). One example is Mcdonalds catering to a more health conscious market. They introduced many new products to meet the changing consumer needs, and when a consumer wanted food that was healthier, Mcdonalds introduced the McSalad Shaker which was a salad in a cup and also appealed to consumers who had little time to spare and ate on-the-go. Eventually, consumers...

Words: 878 - Pages: 4

Premium Essay

Zsfhjmk

...SAMSEL Share ... 183 Home Classroom Library Program Account PhoenixConnect Careers MKT/421 » Syllabus US/Arizona Time: Jul 29, 2014, 2:38 PM MKT/421 (BSDS1DBAM2) Class Home Week1 Week2 Week3 Week4 Week5 Full Syllabus Week2. Strategic Planning and Positioning. Jul 22 - Jul 28Week2 Strategic Planning and Positioning Jul 22 - Jul 28 / 13 points Tasks Complete the Learning Team Charter. Objectives/Competencies 2.1Identify the components of an effective marketing plan. 2.2Conduct a SWOT and competitive analysis. 2.3Apply the market research process in discovering and answering business questions. 2.4Apply a segmentation model to create a target market and develop a positioning statement. Learning Activities Required Reading Basic Marketing, Ch. 2 43 Reading Basic Marketing, Ch. 3 14 Reading Basic Marketing, Ch. 4 11 Reading Basic Marketing, Ch. 7 10 Reading Basic Marketing, Ch. 18 7 Discussion Favorite Brand Discussion 24 Discussion Product and Organization Selection and Approval 6 Discussion Research and Discussion 3 Video The Five Competitive Forces That Shape Strategy 1 Video Target: Inside the Bullseye 2 Video Positioning 11 Video Marketing Research and Segmentation 4 ERR Week 2 Electronic Reserve Readings Assignments ASSIGNMENT STATUS FRIENDLY NAME TITLE DUE DATE POINTS UNREAD COMMENTS Participation Week 2 Participation Due Jul 28, 11:59 PM /3 Presentation Marketing Mix Presentation ...

Words: 19836 - Pages: 80

Premium Essay

Get Online Help with Ur Assignment Ashford a+Material

...http://homeworktimes.com/downloads/acc-202-complete-course-acc-202-entire-course/ http://homeworktimes.com/downloads/acc-206-entire-course-new/ http://homeworktimes.com/downloads/acc-206-new-week-1-assignment-chapter-one-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-assignment-chapter-two-three-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-journal-institute-management-accounting/ http://homeworktimes.com/downloads/acc-206-new-week-3-assignment-chapter-four-five-problems/ http://homeworktimes.com/downloads/acc-206-new-week-3-journal-hershey-company/ http://homeworktimes.com/downloads/acc-206-new-week-4-assignment-chapter-six-seven-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-chapter-eight-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-final-paper/ http://homeworktimes.com/downloads/acc-212-financial-accounting/ http://homeworktimes.com/downloads/acc-250-complete-course-acc-205-entire-course/ http://homeworktimes.com/downloads/acc-290-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-291-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-340-entire-course-acc-340-complete-course/ http://homeworktimes.com/downloads/acc-400-complete-course-acc-400-entire-course/ http://homeworktimes.com/downloads/acc-407-entire-course/ http://homeworktimes.com/downloads/acc-455-complete-course/ http://homeworktimes.com/downl...

Words: 3197 - Pages: 13

Free Essay

Homework Lance Online Homework Help

...http://homeworklance.com/downloads/acc-206-entire-course/ http://homeworklance.com/downloads/acc-310-entire-course-week-1-5-latest/ http://homeworklance.com/downloads/acc-340-complete-course-material-wk-1-5-a/ http://homeworklance.com/downloads/acc-400-entire-course-final-exam-guide/ http://homeworklance.com/downloads/acc-407-entire-course-advance-accounting/ http://homeworklance.com/downloads/acc-423-entire-course/ http://homeworklance.com/downloads/acc-455-entire-course-asolution/ http://homeworklance.com/downloads/acc-556-entire-course-forensic-accounting/ http://homeworklance.com/downloads/acc-556-entire-course-forensic-accounting-2/ http://homeworklance.com/downloads/acc-557-complete-course-material/ http://homeworklance.com/downloads/acc-557-full-course-new-updated-2014/ http://homeworklance.com/downloads/acc-561-complete-course-material/ http://homeworklance.com/downloads/acct-212-financial-accounting-complete-course/ http://homeworklance.com/downloads/acct-504-accounting-finance-managerial-use-analysis/ http://homeworklance.com/downloads/acct-505-managerial-accounting-entire-course/ http://homeworklance.com/downloads/ajs-532-entire-course-week-1-6-complete-course/ http://homeworklance.com/downloads/ajs-582-entire-course/ http://homeworklance.com/downloads/bcom-275-complete-course-material/ http://homeworklance.com/downloads/beh-225-entire-course-weeks-dqs-assignments/ http://homeworklance.com/downloads/bis-155-complete-course-material/ http://homeworklance...

Words: 1331 - Pages: 6

Free Essay

Homework Lance

...http://homeworklance.com/downloads/acc-206-entire-course/ http://homeworklance.com/downloads/acc-310-entire-course-week-1-5-latest/ http://homeworklance.com/downloads/acc-340-complete-course-material-wk-1-5-a/ http://homeworklance.com/downloads/acc-400-entire-course-final-exam-guide/ http://homeworklance.com/downloads/acc-407-entire-course-advance-accounting/ http://homeworklance.com/downloads/acc-423-entire-course/ http://homeworklance.com/downloads/acc-455-entire-course-asolution/ http://homeworklance.com/downloads/acc-556-entire-course-forensic-accounting/ http://homeworklance.com/downloads/acc-556-entire-course-forensic-accounting-2/ http://homeworklance.com/downloads/acc-557-complete-course-material/ http://homeworklance.com/downloads/acc-557-full-course-new-updated-2014/ http://homeworklance.com/downloads/acc-561-complete-course-material/ http://homeworklance.com/downloads/acct-212-financial-accounting-complete-course/ http://homeworklance.com/downloads/acct-504-accounting-finance-managerial-use-analysis/ http://homeworklance.com/downloads/acct-505-managerial-accounting-entire-course/ http://homeworklance.com/downloads/ajs-532-entire-course-week-1-6-complete-course/ http://homeworklance.com/downloads/ajs-582-entire-course/ http://homeworklance.com/downloads/bcom-275-complete-course-material/ http://homeworklance.com/downloads/beh-225-entire-course-weeks-dqs-assignments/ http://homeworklance.com/downloads/bis-155-complete-course-material/ http://homeworklance...

Words: 1331 - Pages: 6

Premium Essay

Mkt 421 Final Exam Study Guide

...MKT/421 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions, which are related to each week’s objectives. Highlight the correct response, and then refer to the answer key at the end of this Study Guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar with, refer to the Student Guide for that particular week. The Student Guide provides a breakdown of the readings that align to the Final Examination questions. Week One: Marketing Fundamentals Objective: Explain the importance of the marketing mix in the development of marketing strategy and tactics. 1. Dell, Inc. wants to offer customers televisions in addition to computers. This is a change in its a. pricing b. promotion c. personnel d. product Objective: Identify quantifiable elements that can be used to evaluate, monitor, and control marketing effectiveness. 2. Good marketing strategy planners know that a. firms like Nabisco and WalMart are too large to aim at clearly defined target markets b. target marketing does not limit one to small market segments c. mass marketing is often very desirable and effective d. the terms mass marketing and mass marketer mean basically the same thing Week Two: Marketing Research Objective: Identify various segmentation...

Words: 581 - Pages: 3

Premium Essay

Define Marketing

...DEFINE MARKETING 1 Define Marketing Larry Jean Baptiste University Of Phoenix Unit 1 Individual Project Course: MKT/421 Facilitator: Henry Weber May 13, 2013 DEFINE MARKETING 2 Define Marketing Marketing is the performance of activities that seek to accomplish and organization’s objectives by anticipating customers’ or clients’ needs and directing a flow of need-satisfying good and service form producer to customers or clients. (Perrault, Cannon, & McCarthy 2011) In my opinion Marketing is a way that organizations or corporations communicate to potential and current customers in reference to having products or services that they need or desire at an affordable price. Marketing is the process of technique of promoting, selling, and distributing a product or service. (Marketing (n.d.) http://www.merriam-webster.com/dictionary/marketing.) Marketing play a vital role in an organization’s success, because without a marketing plan on how to distribute , promote, and inform potential customer and current customers of products or services that the company provides, then failure of the company is inevitable. There are a lot of competitors out there, due to this fact an organization have to place big emphasis on marketing, because not only do the company have to get the information about eh products and services to the customers in order for them to make an informed decision to get the product or service. They also have to do it cost effectively...

Words: 919 - Pages: 4

Premium Essay

Blahnah

...Running Head: DEFINE MARKETING PAPER 1 Define Marketing Paper Mary Riddell MKT/421 February 3, 2014 Ralph Schoen DEFINE MARKETING PAPER 2 The schoolbook defines marketing as; Marketing is the performance of activities that seek to accomplish an organization's objectives by anticipating customer or client needs and directing a flow of need-satisfying goods and services from producer to the customer or client. My personal definition is; Applying to both profit and nonprofit organizations, marketing is done by completing tasks geared towards a potential organizations goals and objectives. Directing the flow of goods, needs, wants, or demands of the customer or client from the producer, when completed successfully meets those requirements, the product should sell itself. Marketing makes it way into our daily lives. While watching television, listening to the radio, reading a magazine or newspaper, roaming the Internet, and even walking down the street. We are exposed to marketing to sell us products or impact our life somehow. Marketing is what keeps radio stations and TV stations running, paying the station the run its ad to gain exposure for more profits. Every job will have marketing in some way to bring in more customers which in return is more money for the business, even down to one's resume, which is a way or marketing ones self to the employer. Businesses goals are to become profitable...

Words: 912 - Pages: 4

Premium Essay

Defining Marketing

...Defining Marketing Paper MKT/421 February 6, 2014 Philip Heckman Defining Marketing Paper * The first thing that comes to mind when one hears the phrase "Marketing" is selling or advertising. But marketing is much more than just selling and advertising, its objective is to satisfy and identify the needs of consumers. Marketing, in fact, refers to any activity undertaken by a firm that has been designed to plan, price, promote and distribute ideas, goods and services to target markets (Perreault, Cannon, & McCarthy, 2011). In view of this broad concern of marketing, it can be seen that the concept of marketing summarizes many activities in a business. These marketing activities were executed in order to create an exchange and sales that will result in the achievement of the proprietors' individual goals and the firm's goals, both in the short-term and the long-term. It is then obvious that marketing forms an integral component of organizational strategies. * According to the American Marketing Association marketing is defined as: An organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders ("American Marketing Association", 2004). The Merriam Webster's definition of marketing is " (1) The act or process of buying and selling in a market. (2) The commercial functions involved in transferring goods...

Words: 835 - Pages: 4

Premium Essay

Blue Ocean Strategy

...Blue Ocean Strategy Shovanda Davis MKT/421 July 13, 2015 Nnamdi Osakwe Blue Ocean Strategy Introduction This week we will discuss Blue Ocean Strategy in detail. We will provide a description of blue ocean strategy and its importance. We will also discuss a product or service that might be considered a blue ocean move and why. We will also talk about an alternative red ocean move for the same product or service along with the pros and cons of that strategy. Description of blue ocean strategy and its importance Blue Ocean Strategy is a term that describes how companies customarily work in "red ocean" conditions, where businesses viciously fight against each other for a share of the marketplace. Instead, according to the blue ocean strategy, organizations should find a way to work in a marketplace that is free of competitors (Arline 2015). Blue Ocean Strategy is where leading companies will prosper not by fighting competitors, but by creating "blue oceans" of recognized market space ready for growth (Arline 2015). Blue Ocean Strategy is important because it is easier for many companies to produce more of their product because of technology advances. It is also important to companies to enter the blue ocean to find new opportunities. Blue Ocean Strategy makes the competition irrelevant. Product or service that might be considered a blue ocean move and why There are several products and services that might be considered Blue Ocean. Cirque du Soleil is an example...

Words: 805 - Pages: 4

Premium Essay

Mkt 421

...Personal Branding Plan Paper xxxxxx MKT/421 July 28, 2014 xxxxxxx Personal Branding Plan I have over twelve years of cleaning experience from starting out as a dishwasher to cleaning in hospitals, hotels, and residential buildings. From those experiences I have found I enjoy interacting with people and making their stay, where ever that might be, more enjoyable. Yes, it can make finding new jobs, outside the cleaning industry, more difficult; however, I’m always up for a new challenge. I do not intend to stay in the cleaning industry forever. I would rather work in an industry that specializes in helping make memories for people and their families. Working in hospitals, hotels, and restaurants I have developed an understanding of what people expect out of their stays. Especially when they are usually spending a large amount of money, people want to feel special, important, and recognized. I want to be a part of all of that. Companies That Make an Impression on Me To be honest, I have never thought about the companies I would like to work for until this week. Knowing that I want to be able to interact with people the three companies I would enjoy working for would be Xanterra Parks & Resorts, the Carnival Cruise line or InterContinental Hotels Group (IHG). Each of these companies is about making an enjoyable experience for people that stay with them and for employees to making memories along the way. If you want to make a...

Words: 794 - Pages: 4

Premium Essay

Favorite Brands Paper

...MKT 421 Week 1 Individual Assignment Favorite Brand Paper Write a 750- to 1,000-word paper in which you identify your favorite brand and explain why it is your favorite. In the paper you should do the following: • Identify a brand about which you are passionate. • Explain a minimum of three reasons why you are passionate about this brand. • Respond to the following questions: • Is the company successful in building loyal customer relationships across different groups? • Why or why not? • Identify at least two other competitors in the same industry, and explain why you prefer your selected brand over the competitors. Equity Bank Equity Bank, a Kenyan based financial services company is an organization that I am so passionate about in the banking industry. The bank was started in 1984 as Equity Building Society (EBS) and it used to provide finances for mortgage to most of its customers who fell in the low income earners bracket. The bank is led by a board of directors headed by the famous chairman; peter Munga and the group’s chief executive officer Dr. James Mwangi (Allen, 2013). I like this brand because of several reasons as outlined below 1. Leadership The bank is managed by an experienced board of directors who ensure that there is consistency in customer satisfaction and adequate innovation which results to efficiency. In November 2013, the company’s chairman Peter Munga was titled Chairman of the Year in the 4th edition of the...

Words: 922 - Pages: 4

Premium Essay

Definifng Marketing

...Running head: MARKETING RESEARCH PAPER Marketing Research Paper Aida Eulloqui University of Phoenix MKT/421 October 08, 2012 Marketing Research Paper Marketing Research Paper for Kudler Fine Foods Kathy Kudler would relieve her stress by using gourmet cooking. In the journey of finding the ingredients she learned she needed to travel to different locations. Kathy chooses to open her own area of expertise, a convenient food store to purchase products needed for gourmet cooking all in one place and at a reasonable price. In this paper will identify areas in which there is need for additional research and analyze the importance of competitive information and analysis in regard to the development of Kudler Fine Food’s marketing plan and tactics. According to Kudler fine Food’s Vision Statement,(Strategic Plan, 2003 “p1”) “Kudler Fine Foods will be the premiere gourmet grocery store for those savvy shoppers who are searching for the finest meats, produce, cheeses, and wines” Kudler Fine Foods strives to provide its customers with the freshest baked goods, produce, meats, seafood, cheese, specialty dairy products, and wines. Kathy Kudlers goal is to be the specialty food store gourmet cooks look to when shopping for the ingredients for their culinary creations. The opening of her first store in 1998 proved to be an immediate success. Kathy has opened two other locations since. A prominent goal of marketing research...

Words: 1074 - Pages: 5

Premium Essay

Mkt Week 2 Team

...Week 2 Team Paper Sean Kane, Chris Benson, Douglas Cabral, Brittany Dings, and Chris Loeffler MKT/421 April 1, 2014 Mark Glasier Week 2 Team Paper The Apple, Inc. company is the one we choose to work with in providing a new product/service for the public. Within this paper we will give you an overview of the Apple Inc. company. Provide you with a new product/service that will significantly affect the everyday lives of Apple Inc. users. This paper will explain the importance of marketing to Apple Inc. continual success. We will go through a SWOTT analysis that will focus on strengths, weaknesses, opportunities, threats, and trends on the new product/service we provide. To close the paper will show the marketing research approach that will be used to develop the marketing strategy and tactics for the new product/service. Apple, Inc. is a company that focuses on exceling in the mobile communication, personal computers, and portable music industry. Apple also sells a series on software, digital applications, and networking solutions. As of May of 2013 the market cap for Apple was set at $416.62 billion. They also were voted #1 on the Forbes list of “World’s Most Valuable Brands” and in “Market Value.” Since 1976, when Apple was founded by the late Steve Jobs, Steve Wazniak, and Ronald Wayne, has come a long way and topped charts of how powerful and successful they had become. During the first five years of production and operations, Apple managed to double their revenues...

Words: 1334 - Pages: 6

Premium Essay

Mkt 441

...[pic] John Sperling School of Business Course Design Guide MKT/421 Version 10 Marketing Copyright Copyright © 2009, 2008, 2005, 2004, 2003, 2001 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Course Syllabus |Course Prefix and Number: |MKT 421 | |Credits: |3 | |Course Title: |Basic Marketing | |Course Schedule: |March 10, 2010 – April 07, 2010 | |Course Location/Times/Newsgroup: ...

Words: 6431 - Pages: 26