Marketing Objective: (i) To attain higher profit margins (ii) To attain stable profit base (iii) To maintain future growth potential Current Scenario: The current portfolio of the company is: 2 soaps in the low-price sector and 1 10 Re/soap in the high-price sector. In the low price sector, the profits had marginally declined due to the increase in the manufacturing costs. There is no aspect of a price increase because of the fierce competition and political climate. In the high-price sector, the
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RESEARCH METHODS Segmentation Value Chain Successful segmentation is based on research and depends on marketing execution. By Gordon A. Wyner W hat makes segmentation successful? Why does it work sometimes and fail other times? Why is the word segmentation banned in certain companies, while the approach is still used under names such as “strategic research”? Perhaps insufficient attention is paid to segmentation’s value for a company. What, from segmentation, is demonstrably useful
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Aqualisa Quartz Simply a Better Shower 1) In 2001 the Company came up with Quartz Standard Shower and Quartz Pumped Shower. The production and innovation used to create these two products provided the following value proposition to the two groups: a) Consumers : The consumers were unhappy with the existing showers in the market , they faced the following issues that were addressed by Quartz * Poor Pressure and varying temperatures of water * The life of the showers was limited
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Advertising is a must have component to improve the marketing for any successful business plan. Without it, the organizations are challenged to achieve market penetration, high growth rate or brand recognition. What we find however, is that in times of economic downturn or slowdown, organizations commonly will sacrifice this line item first with trimming or cut-backs. Many professionals have historically had a hard time seeing the alignment between marketing and continued profitability- viewing this discipline
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image of distress and poor taste product. An analysis of the customer’s market segmentation, which divides the market in 5 consumers sections leads to a distinction between two different buying behaviours: • cost constrained consumers who base their buying decision on prices; and • a group of customers called “premium”, who are prepared to pay a premium price for quality products. These BCG, SWOT and customer segmentation tools provide information about the brand portfolio, its environment and its
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Marketing Principles Lecture Notes 31/7/2014 Marketing Process Create value for customers and build customer relationships Capture value from customers in return 1. Understand the marketplace and customer needs and wants. 2. Design a customer driven marketing strategy 3. Construct an integrated marketing program that delivers superior value 4. Build profitable relationships and create customer delight 5. Capture Value from customers to create profits and customer equality Create value for customers
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Metabical: Positioning and Communications Strategy for a new Weight-Loss Drug Q & A 1. Who is involved in the decision making process? What is the decision making process for Metabical? Since Metabical is a prescription drug for weight loss which can only be bought via a prescription, the overweight patients are not the only decision makers involved. The health care providers are also decision makers in this process for they are the ones who prescribe the drug. The consumer decision
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Marketing is about communicating the value of a product, service or brand to customers or consumers for the purpose of promoting or selling that product, service, or brand. The oldest – and perhaps simplest and most natural form of marketing – is 'word of mouth' (WOM) marketing, in which consumers convey their experiences of a product, service or brand in their day-to-day communications with others. These communications can of course be either positive or negative. In for-profit enterprise the
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the various elements of the marketing process | 3-6 | 1.2 | Evaluate the benefits and costs of a marketing orientation for a selected organisation | 6 | 2.1 | Show macro and micro environmental factors which influence marketing decision | 7 | 2.2 | Propose segmentation on criteria to be used for products in different markets | 7-8 | 2.3 | Choose a targeting strategy for a selected product/service | 8-10 | 2.4 | Demonstrate how buyer behaviour affects marketing activities in different buying
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VW hired a new ad agency, Arnold Communications, who was able to use psychographic segmentation to concentrate on what consumers the campaign should target. After almost pulling out of the U.S. market, VW wanted to revitalize its brand by making it relevant to the 1990’s driver. Since VW’s image and dealer confidence was diminished, Arnold decided concentrate on consumer/dealer perceptions of the VW brand. They held customer interviews, visited dealerships, and even drove the VW cars themselves
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