Download presentation
Presentation is loading. Please wait.
Published byPrudence Snow Modified over 6 years ago
1
Marketing case DIY Producing/selling Market situation
XXX is a company operated in Hong Kong for (long, short years) Product Service Product/service life cycle Situations facing Producing/selling Market situation Issues for services
2
Unsatisfactory performance / further developments
Service quality enhancing strategies Marketing Mix adopted Research more about the market and customers Different stage of Product Life Cycle Information and Research strategies + techniques Different product nature Market segmentation Factors affecting consumer buying Target marketing Consumer buying decision process Market positioning
3
Size: small ; medium; large
Company type Size: small ; medium; large Ownership: sole-proprietor, limited company Shop: single; chain Home
4
Convenience good e.g. tissue paper
Product type Convenience good e.g. tissue paper Shopping good e.g. TV, smart phone, fashion Specialty good e.g. antique furniture Home
5
High contact service e.g. dancing instructions, haircut
Service type High contact service e.g. dancing instructions, haircut Low contact service e.g. delivery services Home
6
Product life cycle Introduction Growth Maturity Decline Home
7
Situation facing Sales: low, increasing, increase at decreasing rate, declining Average costs: high, average, low, low Profit: loss, start increase, high, decline Competition: few, more, large but start to decrease, decline Customers: innovators, early adopters, middle majority, laggards Home
8
Issues for services Intangibility Inseparability Perishability
heterogeneity Home
9
Marketing Mix Product strategy e.g. price features, brand, packaging and support services etc Pricing strategy e.g. pricing for new product, factors affecting pricing such as costs, competition, image, other marketing mix, and marketing objectives etc Place strategy e.g. direct / indirect distribution, intensive, selective and exclusive distribution Promotion strategy e.g. promotion mix Home
10
Product Life Cycle Strategies
Introduction Growth Maturity Decline Product Price Place Promotion Home
11
Different product nature
Convenience good Shopping good Specialty good Product Price Place Promotion Home
12
Information and research strategies
Primary or secondary information: advantages/disadvantages, benefits and limitations Quantitative or qualitative approach: advantages/disadvantages, benefits and limitations Different sampling methods: advantages/disadvantages, benefits and limitations Different data collection methods: advantages/disadvantages, benefits and limitations Consumer relationship management Home
13
Market Segmentation Bases of market segmentation: e.g. demographic, geographic, and psychographic etc Home
14
Target market Differentiated vs undifferentiated
Criteria for a suitable market to be targeted E.g. size, affordability, accessibility etc Home
15
Factors affecting consumer behavior
E.g. Cultural, social and psychological etc Home
16
Consumer buying decision process
E.g. I realize that the product I have is very outdated I search information for different providers of the product I end up with some possible product for purchase and evaluate which one is the most suitable one I make the decision on purchase I have different behavior after the purchase Home
17
Service quality enhancing strategies
Intangibility e.g. more tangible cues Inseparability e.g. improving interactive skills Perishability e.g. capacity planning and demand management Heterogeneity e.g. standardization measures Home
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.