Can a new handy packaging cost € 0.30 more at retailer X?

Slides:



Advertisements
Similar presentations
Introduction to Marketing
Advertisements

Creating and Capturing Customer Value
MARKETING MANAGEMENT.
Principles of Marketing
Global Edition Chapter 1 Marketing: Creating and Capturing Customer Value Copyright ©2014 by Pearson Education.
What is Marketing? Marketing Defined:
Launching a New Product Dr. Carol Gwin Baylor University July 14, 2005.
1- 1 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter 1 Marketing: Creating and Capturing Customer.
Chapter 1: An Overview of Marketing
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Chapter 1 Marketing: Creating and Capturing Customer Value
Marketing 101 JOMC 272. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings.
What’s Happening?. Marketing in Today’s World: Creating Customers for Life Chapter ONE.
Chapter 9 New Product Development. Competition in our global marketplace makes it essential for firms to continuously offer new products to attract consumers.
1- 1 Copyright © 2012 Pearson Education. Chapter One Creating and Capturing Customer Value.
1- 1 Chapter 1 Marketing: Creating and Capturing Customer Value.
Introduction to Marketing
Learning Goals Define marketing and the marketing process.
Chapter One Marketing: Managing Profitable Customer Relationships.
Evolving Perspectives
Chapter Thirteen Marketing: Helping Buyers Buy Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Marketing Basics. Marketing  Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings.
D. MARKETING A SMALL BUSINESS 7.00 Identify product decisions necessary for a small business Identify factors that contribute to the selection of.
Chapter 1 Copyright ©2010 by Cengage Learning Inc. All rights reserved 1 MKTG 1 CHAPTER An Overview of Marketing.
Chapter 10 Marketing.
Chapter 1- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter One Marketing: Creating and Capturing Customer Value.
1- 1 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter 1 Marketing: Creating and Capturing Customer.
The World of Marketing Standard 1 Objective 1. Marketing Marketing is the activity, set of institutions, and processes for creating, communicating, delivering,
1- 1 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall  1- 1 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall i.
Introduction to Entrepreneurship Develop the Marketing Plan.
Chapter 21 Nature & Scope of Marketing
Chapter Thirteen Marketing: Helping Buyers Buy Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Chapter 1 Marketing: Creating and Capturing Customer Value Copyright ©2014 by Pearson Education, Inc. All rights reserved.
Marketing: Managing Profitable Customer Relationships Presented by Mr. Ahmed El Seddawy AASTMT.
Course Name: Principles of Marketing Code: MRK 152 Chapter: Eight Developing New Products and Managing the Product Life-Cycle.
INTRODUCTION TO MARKETING
Learning Objectives Chapter 8: Marketing Strategy: Strategies, Positioning, and Marketing Objectives Identify the six components in developing a marketing.
Building Customer Relationships Through Effective Marketing
Jenna Spivak Evans Digital and eCommerce Capabilities Manager Unilever
THE BASICS OF MARKETING
Lesson 2: The role of marketing Marketing Objectives
INTRODUCTION TO MARKETING
Product Positioning Business Marketing.
MARKETING.
Chapter 1 Marketing: Creating and Capturing Customer Value
Creating and Capturing Customer Value
Marketing: Managing Profitable Customer Relationships
The World of Marketing Standard 1.
POWER POINT PRESENTATION ON
TSVC | rapid insights into successful innovations
Creating and Capturing Customer Value
Chapter 13 Marketing: Helping Buyers Buy
What is the best price for my product?
Marketing mix chapter no.3
What Is Marketing? Marketing is a process by which companies create value for customers and build strong customer relationships to capture value from customers.
MARKET RESEARCH.
Section Objectives Identify the purpose of the marketing plan.
EVOLUTION OF THE MARKETING CONCEPT
Case Study: Enabling a Medical Device Manufacturer to Optimize the Price of Catheters to Drive Profitability OBJECTIVES Gauge if there is an opportunity.
5.5 The Marketing Concept The marketing concept is the idea that consumers and competitors should be considered in every important business decision.
The World of Marketing Standard 1.
Creating and Capturing Customer Value
Creating and Capturing Customer Value
Chapter 17 Promotional Concepts and Strategies
EVOLUTION OF THE MARKETING CONCEPT
Unit 3 Review Questions.
Creating and Capturing Customer Value
Products, Services, Delivery
Creating and Capturing Customer Value
Introduction to Marketing Miss Mary Lynn Mundell.
Presentation transcript:

Can a new handy packaging cost € 0.30 more at retailer X? All other Questions Decision Supporter Case Study 10 Can a new handy packaging cost € 0.30 more at retailer X? TSVC I Measure - Optimize - Launch!

Can a new handy packaging cost € 0.30 more at retailer X? (1) All other Questions Decision Supporter Problem formulation: Our customer, a world player and leader in its product category, has developed a new package that enables the same intrinsic product to be offered at different retail prices in Europe, at different prices and in several pack forms. Possibly even in different content formats to ensure the exclusivity of the offer and prices at Retailer X. Our customer wants to make it possible to have a more attractive and varied product-retailer offering delivering both partners a greater profitability and higher customer satisfaction. Through the use of our validated AIDA-S penetration and volume-potential tool, we have given our customer insight into: The Concept Power of the new product The base penetration at 4 different prices with Retailer X consumers The expected volumes per concept at these 4 prices TSVC I Measure - Optimize - Launch!

Can a new handy packaging cost € 0.30 more at retailer X? (2) All other Questions Decision Supporter Our approach: Simultaneously an online consumer survey was conducted In 4 cells with a N = 150 'Retailer X' buyers per cell. In cell 1, the current product is tested. In cells 2, 3 and 4 alternative packages and content formats. The price for the current product is Euro 3.29. Our unique AIDA-S method calculates per purchase for 4 sales prices the number of baseline buyers per specific price and the corresponding volume. Concept 2 at Euro 3.59 has a significantly higher volume than the current product at Euro 3.29 TSVC I Measure - Optimize - Launch!

TSVC | rapid insights into successful innovations Can a new handy packaging cost € 0.30 more at retailer X? (3) All other Questions Decision Supporter Learnings Concept 2 delivers more volume than the current product at Euro 0.30 more Concept 2 scores even more volume if the price is Euro 0.60 higher Current product loses a lot of volume when the price would be 30 cents higher Based on these results, we advised our client to continue with Concept 2 The research also provided a number of concept enhancements for Concept 2 that could make the penetration and volume even higher. It turned out that the place of the claim on the packaging can convince more buyers. TSVC | rapid insights into successful innovations TSVC I Measure - Optimize - Launch!

Review your innovations in today's market? With the unique TSVC Tools you can! U can trust us! Nothing is as difficult as developing a successful product. There are many choises to make in the innovation proces. So how do you know these are the right choises that deliver the most succes? TSVC provides unique and trustful insights which will help you make your innovations as successful as possible. TSVC TSVC I Measure - Optimize - Launch!

TSVC So how can we help you? Innovation Selector Concept Optimizer Are we sure we have developed the best concept? Second opinion What product characteristics are really important in the concept selection? Which combination of facts does the best concept? Concept Optimizer What new proposition has the biggest market potential and why? How do I convince our internal organization with hard facts? Who is my main competitor in this introduction? Marketing Mix Maximizer Does the product meet the promise of the concept How much volume will we do and how do I convince the retailer? Which buttons do I have to turn for more volume? Decision Supporter Is the new nozzle € 0.30 or even € 0.50 worth more? Do they find us in the shelter? Are we considered? or even chosen? At what price do we achieve our sales goal? TSVC TSVC I Measure - Optimize - Launch!

Best Ideas Innovation Selector Best Concepts Concept Optimizer Best Mix Marketing Mix Maximizer All other Questions Decision Supporter Do you want to know more? Go to www.tsvc.nl/en and download other useful content! www.tsvc.nl – Hoofdstraat 250 – 3972 LK Driebergen – tel: + 0343 538 835 – mob: + 06 206 186 11 – gdenhertog@tsvc.nl