The document discusses various product life cycle stages and strategies. It describes the typical stages of introduction, growth, maturity, and decline. It provides examples of strategies used at each stage, such as rapid penetration and skimming. It also discusses variants like fashion, style, and fads that have shorter cycles. Several case studies are presented on products like Maruti 800, Hero Honda CBZ, Tata Nano, Nokia Lumia, Sony Bravia, Nokia 800, Surf Excel, and Lux soap. Their target markets and strategies used at different lifecycle stages are outlined.
Konsep-konsep asas produk; Jenis, klasifikasi produk dan konsep campuran produk; Konsep jenama dan fungsi-fungsinya; Elemen2 asas jenama serta bagaimana memilih sesuatu jenama; dan Konsep pembungkusan dan fungsi pembungkusan dalam pemasaran.
Product Life Cycle shows the stages that products go through from development to withdrawal from the market.
The companyâs differentiation and positioning strategies must change as the product, market, competitors changes over time.
Konsep-konsep asas produk; Jenis, klasifikasi produk dan konsep campuran produk; Konsep jenama dan fungsi-fungsinya; Elemen2 asas jenama serta bagaimana memilih sesuatu jenama; dan Konsep pembungkusan dan fungsi pembungkusan dalam pemasaran.
Product Life Cycle shows the stages that products go through from development to withdrawal from the market.
The companyâs differentiation and positioning strategies must change as the product, market, competitors changes over time.
A college project of evaluating an ecommerce company.
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Personal branding and Personal NetworkingPrateek Singh
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The Document attempts at explaining the concepts of personal branding and personal networking while citing various sources. it also attempts to explain the steps of networking and the importance of both personal branding and personal networking in the modern age of social media and internet.
The Author is a PGDM Student at IIM Raipur, and compiled this document as an assignment for a Placement consultancy.
If you want the Source File, please drop in your email in the comment section and I'll send it right away!
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Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.đ¤Ż
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The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isnât just any project; itâs a potential game changer for Indiaâs chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
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B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
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Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
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2. PLC- Overview
⢠Every product has a life in a market.
⢠Tenure of the life is uncertain.
⢠Stages in PLC:
1/29/2015 2IIM Raipur
3. PLC Implications
⢠Products have a definite life period.
⢠Product sales pass through distinct stages with
each stage posing Challenges/Opportunities/
Problems.
⢠Profits rise/fall during different stages of
product life cycle.
⢠Products require different marketing
strategies at each stage
1/29/2015 3IIM Raipur
4. PLC- Stages
⢠Introductory Stage- Product just introduced in
the market.
⢠Growth Stage- Sales are rising.
⢠Maturity Stage- Sales do not rise any further.
⢠Decline Stage- Sales are falling.
1/29/2015 4IIM Raipur
6. Introductory Growth Maturity Decline
⢠Product has just been introduced in the
market.
⢠Product shows slow sales growth.
⢠Profits are Low or negative as as RnD costs
might have been incurred, also, no economies
of scale advantage as low sales.
⢠Little or no competetion faced
⢠Pioneers adopt the product
1/29/2015 6IIM Raipur
8. Rapid Skimming Strategy
⢠new product is launched at high price with high
promotion level
⢠High price helps firm to recover max profits/ units.
⢠High promo helps in customer awareness/ adoption.
⢠This policy is fruitful under following conditions:
â Large part of product market is unaware of product.
â Those who become aware are eager to have it & can pay
asked price.
â Firm faces potential competition & wants to build brand
preference.
1/29/2015 8IIM Raipur
9. Slow Skimming Strategy
⢠New Product launched at high price with low
promotion.
⢠High price helps firm to recover maximum profits
/units.
⢠Low promo keeps marketing expenses down.
⢠Combination is expected to skip high profit from the
market.
⢠This strategy is used under following conditions
â Market size is limited.
â Market is aware of product.
â Buyers are willing to pay high price.
â Potential competition is not imminent.
1/29/2015 9IIM Raipur
10. Rapid Penetration Strategy
⢠New Product launched at low price with high
promotion.
⢠Helps to achieve:
⢠Fastest market penetration.
⢠Largest market share.
⢠This strategy is used under following conditions
â Market is large.
â Market is unaware of the product.
â Buyers are price sensitive.
â Strong product competition exists.
â Costs likely to decreases with volume.
â Example: Reliance Hungama, Nirma, and Wheel
1/29/2015 10IIM Raipur
11. Slow Penetration Strategy
⢠New Product launched at low price with low
promotion.
⢠Low price encourages rapid product acceptance,
⢠Low promotion cost helps retain profits.
⢠This strategy is used under following conditions
â If market is large.
â If market is highly aware of product.
â If market is price sensitive.
â If market is minimally sensitive to promotion.
â If Product competition exists.
1/29/2015 11IIM Raipur
14. Product
Price
Offer product extensions,
service, warranty
Price to penetrate market
Distribution Build intensive distribution
Advertising Build awareness and interest in
the mass market
Introductory Growth Maturity Decline
1/29/2015 14IIM Raipur
15. Introductory Growth Maturity Decline
Sales
Costs
Profits
Marketing Objectives
Peak sales
Low cost per customer
High profits
Maximize profit while
defending
market share
1/29/2015 15IIM Raipur
16. Product
Price
Diversify brand and models
Price to match or best
competitors
Distribution Build more intensive
distribution
Advertising Stress brand differences and
benefits
Introductory Growth Maturity Decline
1/29/2015 16IIM Raipur
17. Introductory Growth Maturity Decline
Sales
Costs
Profits
Marketing Objectives
Declining sales
Low cost per customer
Declining profits
Reduce expenditure and milk
the brand
1/29/2015 17IIM Raipur
18. Introductory Growth Maturity Decline
Product
Price
Phase out weak items
Cut price
Distribution Go selective: phase out
unprofitable outlets
Advertising
Reduce to level needed to
retain
hard-core loyal customers1/29/2015 18IIM Raipur
19. PLC Variants- Style
â˘PLC Graph is shown on the right.
â˘Style is a basic/distinctive mode
of expression appearing in a field
of human endeavors.
â˘Once a style is invented, it can
last for generations, at times
going in/ going out.
â˘A style has a cycle showing
several periods of renewed
interest.
Example: Styles appear in homes
(colonial, ranch, transitional),
Clothes(formal and casual) and
art(realist, surrealist, abstract).
1/29/2015 19IIM Raipur
20. PLC Variant- Fashion
Fashion is a currently
accepted/popular style in a given field.
For Example: The more formal
business attire Clothes: Jeans, Music:
Hindi-Pop.
- Fashion Pass through four Stages:
â˘Distinctiveness Stage: Same customer
take interest in something new that
sets them apart.
â˘Emulation Stage:Other customers
take an interest out of desire to
emulate fashion leaders.
â˘Mass-Fashion Stage: Fashion
becomes very popular &
manufacturing gear up for mass
production.
â˘Decline: Consumer starts moving
towards other fashion.
1/29/2015 20IIM Raipur
21. PLC Variant- Fad
Fads are those periods which
have temporary unusually high
sales driven by consumer
enthusiasm. In this duration the
product or brand gets immediate
popularity. Some important
points of fads are written below:
â˘Fads is kind of fashion that
comes quickly into the public eye.
It gets adopted with great zeal,
peak easily and decline fast too.
â˘It has short acceptance cycle.
â˘Fads tend to have limited
followings
â˘For Example: Pepsi Blue, Yo Bike,
Pager.
1/29/2015 21IIM Raipur
22. CASE LETS ON DIFFERENT
MARKETING STRATEGIES
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24. Introduction Stage
⢠Period duration of 1983-1986
⢠Maruti launched 1st 800 in Indian market in
1983
⢠Cheapest Car in Indian market
⢠Also sold to countries of South Asia and South
America market
1/29/2015 24IIM Raipur
25. Marketing Strategy In Introduction
Stage
⢠Rapid Penetration Marketing Strategy was
used in this stage.
⢠Exported to countries like South Asia and
South American market to increase number of
customers.
⢠Labeled as Cheapest car for Indian Market
⢠Initially First car was presented to Lord
Venkateshwara of Tirumala Venkateshwara
Temple as Promotion
1/29/2015 25IIM Raipur
26. Growth Stage
⢠This stage is of the duration of 1987-1996
⢠Sales increased from about 63763 units to
about 189061 units in 1996
⢠Different features were implemented in basic
car model.
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27. Marketing Strategy Used in Growth
Stage
⢠Maruti 800 came up with new feature like AC
version and music system
⢠First export began in 1987
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28. Marketing Strategy In Maturity Stage
⢠Maturity stage was for the duration of
1997-2002
⢠Launched revamped version of Maruti
800 EX, with new engine,
⢠Entry of competitors like General Motors,
Ford, Tata
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29. Marketing Strategy In Maturity Stage
Contd.
⢠Market share beaten by rivals like Hyundai
Santro, Daewoo Matiz
⢠Introduced LPG and CNG variabts, called
Maruti 800 Duo with new
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30. Decline Stage
⢠Period of range 2002-2012
⢠Sales of Maruti went down drastically from
1,51,976 units in the year 2000 to about
69,553 in 2007
⢠Buyers attracted by high end luxuries small
cars
⢠Sales volume is heavily beaten by competitors
like Hyundai i10, Maruti Suzuki swift, Chevrolet
Spark
⢠In 2008-09 experienced sales of only 11,288
units1/29/2015 30IIM Raipur
31. Marketing Strategy In Decline Stage
⢠Stopped the production of Maruti 800
⢠Launched the new model maruti Alto 800 as
replacement of maruti 800
1/29/2015 31IIM Raipur
33. Introduction Stage
⢠Hero Honda CBZ was launched in early 1999
by Hero Honda Motors Ltd
⢠It was the first sports oriented 4-stroke bike
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34. Marketing Strategy used In
Introduction Stage
⢠It has the feature of larger spring operated nozzle
to provide a richer fuel air mixture in to engine
for better acceleration.
⢠Styling of bike was scaled version of famous
Honda CB Series
⢠It was labeled as Fast and Sport looking bike
⢠Target market were young boys in the age 18-30
middle class.
⢠Positioning were bikers who want to live life in
extreme.
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36. Growth Stage Contd..
⢠Sales increased in this stage for Honda CBZ
⢠Promotion is increased in this stage to cope
with competition.
1/29/2015 36IIM Raipur
38. Introduction Stage
⢠Nano was launched in 2008
⢠Launched with basic model
⢠The Cheapest car in the world
⢠Initial Price Rs 1.26 lakhs on road
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39. Growth Stage
⢠Nano is available in tree model ( Nano Basic,
Nano CX and Nano LX)
⢠Sale of Nano in June 2011 approximately 6515
1/29/2015 39IIM Raipur
40. Marketing Strategy Used By Tata Nano
⢠Tata motors share promotion of tata brand
with its multiple bank partners. These
financiers will promote the nano brand during
booking jointly with tata motors
⢠Tata marketing team used various media like
radio, news on TV, online games, major
website like facebook, orkut etc.
1/29/2015 40IIM Raipur
41. Nokia Lumia
⢠Nokia lumia a series of smart phone by
⢠nokia
⢠Based on window phone operating system
⢠Deviant of Nokia lumia, Lumia 710,lumia
820, lumia 920
⢠Lumia 920 with 4 GB
1/29/2015 41IIM Raipur
44. Sony Bravia
⢠Facility of HD input
⢠Different Deviant from size range 56cms to
140 cms
⢠Price range Available from Rs 15900
1/29/2015 44IIM Raipur
45. PLC Stage
⢠Launched in the year 2005
⢠Growth Stage
⢠market share of 32% by value
⢠sale of more than 35 thousand in December
2010
⢠growth of 46% comparing to previous year
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46. Target market
⢠Targeted to the age group young generation
the age group of 25-45
⢠Targeted Young family
⢠Targeted to business related personal
⢠Tag Line - More Bright. More Vivid. More Joy.
1/29/2015 46IIM Raipur
47. Strategy
⢠Concentration Strategy by targeting specific
group
⢠Differentiation strategy by offering unique
value preposition
⢠Rapid skimming Strategy
1/29/2015 47IIM Raipur
48. Nokia 800
⢠4.0-inch AMOLED Clear Black display with a
360 x 640 pixel resolution
⢠16GB internal storage
⢠Memory expandable up to 32 GB via micro SD
car
⢠Bluetooth 3.0 with A2DP, USB 2.0
⢠41 megapixel camera with Xenon flash,
1080p@30fps video recording
1/29/2015 48IIM Raipur
49. PLC Stage
⢠Launched in February 2012
⢠Introduction stage
⢠High premium 24999
1/29/2015 49IIM Raipur
50. Target Market
⢠Yong urban male/female
⢠Educated professional
⢠Upper class People
1/29/2015 50IIM Raipur
52. Surf Excel
⢠Product from HUL
⢠Launched in 1954
⢠Created strong brand over the 5 decades
⢠Market leader for 50 years
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55. PLC Stage
⢠Maturity Stage
⢠Competitors such as Nirma, Tide, Ghari, Ariel
⢠38% of detergent market
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56. Strategy
⢠An emotional appeal by statement âDag
achhe hainâ (dirt is good)
⢠Extensive advertisement
⢠Rational price
⢠lot of Variant and deviant according to need
1/29/2015 56IIM Raipur
60. Lux
⢠Worldâs first beauty soap targeting upper class
market
⢠Launched in US in 1924
⢠Launched in India in 1929
⢠Initially, in India this product was launched in
cities like Calcutta, Mumbai
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61. Introduction Stage:
⢠Lux launched the worldâs first mass-market
beauty soap is the US in 1924
⢠First launched in India in 1929
⢠Lux over the world UK(1928), SRILANKA(1931),
BRAZIL(1932) PAKISTAN(1957) etc
⢠In this stage, LUX followed Rapid Skimming
strategy.
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62. Maturity Stage
⢠Lux product could be found in over 100
countries and they had the sales of 1.0 billion
euros in 2005
⢠In this stage, few competitors enter into the
market like (Cinthol, Fairglow, Santoor,
Chandrika, Fiama Di Wills and Vivel)
⢠Competition from its own brand Lifebuoy
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63. Marketing Strategies Used
⢠Product: The lux has introduced various modified
versions of the product like Lux Almond, Lux Orchid,
Lux Fruit, Lux Saffron, Lux sandalwood, Lux Rose, Lux
oil and Honey etc.
⢠Price: The Lux products are now available at higher
prices to maximize company profit.
⢠Distribution: Lux has strong distribution across cities of
India.
⢠Advertising: In the latest campaign the Asit sin and
kajal Aggarwal are used as their brand ambassador.
⢠Promotional Offers: At times Lux has offered Buy3 get
1 Free offer to customers.
1/29/2015 63IIM Raipur
64. Rapid Skimming Strategy
⢠Product: Only one basic product without any
variants/deviants/frills
⢠Price: Relatively higher prices, to recover their
initial cost of making the product
⢠Place- Budget allocation was more for
advertising, to attract more and more customers.
⢠Distribution- was selective and only covering the
major cities of India.
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66. Introductory Growth Maturity Decline
Sales
Costs
Profits
Market
Low sales
Higher cost per customer
Negative or not very substabtial
Pioneers, early adopters
No competitorsCompetition
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67. Growth stage
⢠In this stage, for LUX, main objective of LUX
was to expand in India
1/29/2015 67IIM Raipur
68. Marketing Strategy
⢠Product: Only one basic product without any
variants/deviants/frills
⢠Price: Price Rationalization
⢠Place- Budget allocation was more for
advertising, to attract more and more
customers.
⢠Distribution- expanded the market and now
covering the other cities of India as well.
1/29/2015 68IIM Raipur
71. Maturity Stage
⢠In this stage, LUX has expanded its market
across India and objective now is to maximize
and defend its market share.
1/29/2015 71IIM Raipur
72. Marketing Strategy
⢠Product: Product with many
variants/deviants/frills- Lux Almond, Lux
Orchid , Lux Fruit, Lux Saffron, Lux
Sandalwood, Lux Rose, Lux International, Lux
Chocolate, Lux Aromatic Extracts, Lux Oil and
Honey etc
⢠Price: Lux increased its prices to maximize the
profit
1/29/2015 72IIM Raipur
73. Marketing Strategy
⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across India
⢠Promotion: Incentives
⢠Market: late majority
1/29/2015 73IIM Raipur
75. Decline
⢠In-spite of all efforts, Lux is at the decline
stage ,
⢠1. Unilever products have presence in over
100countries worldwide thus currency
fluctuations could play a major role.
⢠For example in 2004, a 5.9% decline in
turnover was primarily due to 4% appreciation
in the average Euro exchange rate.
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76. ⢠2.In year 2008 â 09 due to economic recession
in India and other countries, the sales of LUX
got hit hard times.
⢠3.Other competition: Lux has been facing
competition from HUL itself (Lifebuoy) & from
other companies like:-
Godrej Consumer Products :
1/29/2015 76IIM Raipur
77. ⢠GCPL, Indiaâs second largest soap maker with
9.2% marketshare.â˘with leading brands such
as
⢠CINTHOL, FAIRGLOW & NIKHAR.
⢠Fairglow brand, India's first Fairness soap, has
created marketing history as one of the most
successful innovation in soap industry.
1/29/2015 77IIM Raipur
78. Marketing Strategy
⢠Price: Lux increased its prices to maximize the
profit
⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across India
⢠Promotion: Reduction in expenditures
1/29/2015 78IIM Raipur
83. Oreo
⢠Oreo was launched in 1912 in USA
⢠Its production in USA is by Nabisco division of
Kraft Foods.
⢠Till now, Oreo is the best selling cookie in USA.
1/29/2015 83IIM Raipur
84. Maturity Stage
⢠Oreo cookie has reached the maturity stage in
its life cycle, and the brand has appropriately
taken several steps to prevent the cookie from
fading out of Americaâs cookie jars.
1/29/2015 84IIM Raipur
85. Marketing Strategy
⢠Product: Leadership in cost, quality and
market. Nabisco has launched many different
flavors and varieties of the traditional cookie.
Some of these include: Chocolate Crème Oreo,
Golden Oreo Original, Fudge Covered Oreo,
Fudge Mint Covered Oreo, Golden Oreo
Chocolate Crème,
1/29/2015 85IIM Raipur
86. ⢠Double Delight Oreo Mint ânâ Crème, Double
Delight Oreo Peanut Butter & Chocolate, Milk
Chocolate Covered Oreo and Milk Chocolate
Covered Mint Oreo. Additionally, Nabisco has
released many Oreo baking supplies, such as
Oreo Crumbs, Oreo Chocolate Cones, Oreo
Jello Pudding⌠the list goes on.
1/29/2015 86IIM Raipur
88. ⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across USA, Argentina, Canada,
China, Croatia, Czech Republic, India, Italy,
Norway, Poland, United Kingdom, Arab World
1/29/2015 88IIM Raipur
89. Promotion- Oreo
⢠With the introduction of new product lines
under the Oreo name, the cookie is able to
retain the old customers and target new
customer base of kids. What Oreo is striving to
create is an âOreo consumer identity,â
allowing the consumers to identify themselves
by which Oreo suits their individual desires
and tastes.
1/29/2015 89IIM Raipur
95. ⢠Nestle Maggi Noodles is brand of instant
noodles
⢠This was launched in India in 1982
⢠Pioneer in instant noodles- 2minutes
1/29/2015 95IIM Raipur
96. Introduction Stage
⢠In this stage, Maggi Noodles followed Rapid
Penetration strategy
⢠It was found by the Maggi family in
Switzerland in 19th century
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97. Growth stage
⢠Few yrs back it enjoyed around 50% market share in
this segment which was valued at around 250 crores.
⢠during the 1990s, the sales of Maggi noodles declined, due
to growing popularity of Top Ramen, and other noodles
product
⢠In order to improve sales ,NIL changed the formulation
of Maggi noodles in 1997.
⢠However, this proved to be a mistake, as consumers did not
like the taste of the new noodles.
⢠In March 1999, NIL reintroduced the old formulation of the
noodles, after which thesales revived. Over the years, NIL
also introduced several other products like soups and
cooking aids under the Maggi brand.
1/29/2015 97IIM Raipur
98. strategy
⢠In latest Campaign Amitabh Bacchhan is
narrating maggi tales of user.
⢠New variants are launched with feedback from
campaign âMe and MY Maggiâ
⢠Maggi also launched Guess the Taste
Commercial
1/29/2015 98IIM Raipur
99. Rapid Penetration Strategy
⢠Product: Only one basic product without any
variants/deviants/frills
⢠Price: Relatively lower prices, to penetrate
deeper and take the biggest of the market
share. Cost plus
1/29/2015 99IIM Raipur
100. Rapid Penetration Strategy
⢠Place- Budget allocation was more for
advertising, to attract more and more
customers.
⢠Distribution- was selective and only covering
the major cities of India.
⢠Promotion: Awareness marketing
⢠Target Segment: Working Women and children
1/29/2015 100IIM Raipur
101. Introductory Growth Maturity Decline
Sales
Costs
Profits
Market
Low sales
Higher cost per customer
Negative or not very substantial
Pioneers, early adopters
No competitorsCompetition
1/29/2015 101IIM Raipur
102. Growth Stage
⢠In this stage, Maggi Noodles main objective
was to expand in India
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103. Marketing Strategy
⢠Product: New Product with frills- features,
packaging, quality
⢠Price: Price Rationalization
⢠Place- Budget allocation was more for
advertising, to attract more and more
customers.
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104. Marketing Strategy
⢠Distribution- expanded the market and now
covering the other cities of India as well.
⢠Promotion: Affectation Realm (liking +
preferences+ conviction)
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106. Maturity Stage
⢠In this stage, Maggi noodles have expanded its
market across India and objective now is to
maximize and defend its market share.
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107. Marketing Strategy
⢠Price: Maggi noodles offered Rs 5 onwards
⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across India , more intensive
⢠Promotion: Incentives- Big Promotional Offers
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110. Marketing Strategy
⢠Product: New products launched but failed
⢠Price: Price could not be lowered further
⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across India, selective
⢠Promotion: Reduction in expenditures
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112. Rejuvenation
⢠Strategy to counter decline: Re-launching
⢠Maggi Noodles was launched again in 1999.
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113. Marketing Strategy
⢠Price: Maggi noodles offered Rs 5 onwards
⢠Place- Budget allocation is increased for
advertising, new and interesting advertising
campaigns
⢠Distribution- Across India, more intensive
⢠Promotion: Incentives- Big Promotional Offers
⢠Market: Working Bachelors , children
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118. ⢠Nintendo WII released by Nintendo on
November 19 , 2006.
⢠Itâs a home console for video game.
⢠WII has many advanced features compared to
previous Nintendo consoles.
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119. ⢠WiiConnect24-enables it to receive messages
and updates through internet even standby
mode.
⢠Nintendo Wii is the successor of Game Cube.
⢠In late of 2011, Nintendo reconfigured the
model â Wii Family Edition.
⢠This edition was not compatible with
Nintendo GameCube.
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121. Maturity Stage
Product:
⢠Motion Sensitivity
⢠IR Sensors
⢠Port to allow for a variety of Controller
⢠Add ons
⢠Classic controller can also be used for many
WII
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122. Pricing:
⢠$250- lower than while XBOX and Play-station
3
⢠Games cheaper than XBOX and Play-station 3
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123. ⢠Promotion
⢠1.Mass selling
⢠2.Uses Intermediaries-GameStop,
Hypermarket , Mall
⢠3.Push/Pull Techniques
⢠Nintendo WII offers a free game and WIFI
connection + updates.
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125. Introductory Maturity Decline
Sales
Costs
Profits
Marketing
Peak Sales, growth rate of sales=0
Low cost per customer
Highest Profits
maintenance marketing
Tough Rules of Competition for competitors
like XBOX and Play- station 3
Competition
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129. ⢠This product when launched was the premium
product of Nokia
⢠It build the brand of Nokia
⢠Most popular brand of Nokia
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130. Product Life Cycle
⢠Decline stage
⢠When Nokia 6600 was in decline stage, Nokia
decided to stop its production
⢠The product was blocked from production
since 1997
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131. Marketing Strategy
⢠Sales- sales were freely falling.
⢠Market â Market now Laggards, which
comprise of 16% of the market.
⢠Profit-Loss, Contribution margin=Unit Selling
Price âUnit Variable Cost becomes negative
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132. Strategy- Nokia
⢠Strategy of the company: Closure
⢠Nokia preferred to stop the production of the
product because with price rationalization of
Nokia 6600, within range of 4000-6000 and
with the expandable memory and installation
capacity, it occurred as a threat to the higher
range mobiles of Nokia itself.
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136. KFC
⢠Kentucky Fried Chicken-is chain of fast food
restaurants
⢠They offer chicken with their special secret
condiments recipe.
⢠It entered into the market in 1954 in USA.
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137. Introduction stage
⢠By early entry into the market, it managed to
have strong name and strong control over the
market.
⢠They followed Rapid Skimming Strategy.
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138. Rapid Skimming Strategy
⢠Product: Few basic product without any
variants/deviants/frills
⢠Price: Relatively higher prices, to recover their
initial cost of making the product and also to
take the advantage of being pioneers in fast
food industry
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139. Rapid Skimming Strategy
⢠Place- Budget allocation was more for door to
door, to attract more and more customers and
prospective franchises of USA
⢠Distribution- was selective and only to
franchises in USA
⢠Promotion: Awareness marketing
⢠Market: Upper Class
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140. Introductory Growth Maturity Decline
Sales
Costs
Profits
Market
Low sales
Higher cost per customer
Negative or not very substantial
Pioneers, early adopters
No competitors in Chicken
Products
Competition
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141. Growth Stage
⢠From 1970âs, 1980âs 1990âs , KFC followed an
aggressive strategy of expanding itâs chain
across the world
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142. Marketing Strategy
⢠Product: More product with many
variants/deviants/frills
⢠Price: Relatively higher prices, to recover their
initial cost of making the product and also to
take the advantage of being pioneers in fast
food industry
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143. Marketing Strategy
⢠Place- Budget allocation was more for door to
door, to attract more and more customers and
prospective franchises of USA and outside USA
⢠Distribution- was selective and only to
franchises in USA
⢠Promotion: Affectation Realm (liking +
believability + conviction)
⢠Market: Upper Class
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145. Maturity Stage
⢠In this stage, KFC has expanded its market
across and outside USA and objective now is
to maximize and defend its market share
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146. Marketing Strategy
⢠Product: Product with many
variants/deviants/frills- Chicken wings,
Popcorn Chicken, Veg Burgers, Zing kong box
⢠Price: KFC rationalized its price to expand its
market
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147. Marketing Strategy
⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across and outside USA
⢠Promotion: Incentives
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149. Decline Stage
⢠KFC reaching decline stage because of too
many competitors. But they added new
features and packages, also new line of
desserts to reintroduce their products and
thus maintained their position
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151. Strategy
⢠After introduction of desserts line like Brownie
Sundae and Crushers, KFC was again able to tap
the market
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152. Marketing Strategy
⢠Price: Price rationalized
⢠Place- Budget allocation is reduced for
advertising, because of the brand awareness
in the minds of customers.
⢠Distribution- Across USA and outside USA
⢠Promotion: Reduction in expenditures
⢠Market: Upper class as well as middle class,
working bachelors
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153. ⢠Sales: Higher sales, growth rate in sales is very
high
⢠Costs: Average cost of production/customer
⢠Profit: Emerging
⢠Marketing: Pioneers, early adopters, late
adopters , laggards
⢠Competitions- Competitors like McDonalds,
Subway
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156. Introduction stage
⢠launched in the year 1952
⢠Positioned in the Premium soap segment
⢠Positioned as a masculine brand
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157. Growth Stage
⢠Umbrella brand with 3 variant spice, Lime,
Colongne
⢠Competition from other brands
⢠Increase in product line
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158. Current stage
⢠Late maturity/ Early decline
⢠Tough Competition from other soap brands
⢠Sales declining
⢠Decrease in profit
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159. Strategy- Cinthol
⢠Price range Rs 13 to 20
⢠More Deviant and variant
⢠Extensive Advertisement
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161. iPhone
⢠Release dates:
â Original: June 29, 2007
â 3G: July 11, 2008
â 3GS: June 19, 2009
â 4: June 24, 2010
â 4s: October 14, 2011
â 5: September 21, 2012
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162. iPhone
⢠Price Skimming
â iPhone priced at $599 at launch, but at $399 after
just 4 months of launch
⢠Releases a phone every year
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