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MANAGING PRODUCTS AND BRANDS

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Presentation on theme: "MANAGING PRODUCTS AND BRANDS"— Presentation transcript:

1 MANAGING PRODUCTS AND BRANDS
CHAPTER 11 MANAGING PRODUCTS AND BRANDS

2 THE PRODUCT LIFE CYCLE How stages of the PLC relate to a firm’s marketing objectives and marketing mix actions

3 THE PRODUCT LIFE CYCLE Introduction Stage Growth Stage Maturity Stage
Decline Stage Deletion Harvesting

4 THE PRODUCT LIFE CYCLE Dimensions of the Product Life Cycle
Length of the Product Life Cycle Shape of the Product Life Cycle The Product Level: Class and Form The Life Cycle and Consumers

5 Alternative product life cycles

6 Five categories and profiles of product adopters

7 MANAGING THE PRODUCT LIFE CYCLE
Role of a Product Manager Modifying the Product Modifying the Market Finding New Users Increasing Use Creating New Use Situation

8 MANAGING THE PRODUCT LIFE CYCLE
Repositioning the Product Reacting to a Competitor’s Position Reaching a New Market Catching a Rising Trend Changing the Value Offered Trading up Trading down Downsizing

9 BRANDING AND BRAND MANAGMENT
Brand name Trade name Trademark

10 BRANDING AND BRAND MANAGMENT
Brand Personality and Brand Equity Creating Brand Equity Valuing Brand Equity Licensing Picking a Good Brand Name

11 Customer-based brand equity pyramid

12 Alternative branding strategies

13 PACKAGING AND LABELING
Creating Customer Value Through Packaging and Labeling Communication Benefits Functional Benefits Perceptual Benefits

14 PACKAGING AND LABELING
Global Trends in Packaging Environmental Sensitivity Health and Safety Concerns

15 PRODUCT WARRANTY Express warranty Limited coverage Full coverage
Implied coverage


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