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Department of
Marketing
University of
Dhaka
THANK YOU FOR COMING TODAY!
PHOENIX
01
02
03
04
05
06
Positioning the Brands
and its Products
Creating a Marketing
Budget
Possible market
offerings
Budgeting
Appropriate
communication approaches
Standardization vs.
Adaptation
PHOENIX
• Determining current position OTOBI has
• Identifying direct competitors
• Comparing brand positioning to its
competitors
• Developing unique positioning ideas
• Testing the efficiency of positioning
strategy
Brand positioning
• Single Message
• Connecting customers
• Differentiated product
• Sustainable, consistent and believable
message
Product positioning
Public relation
3
Trade show
1
E-mail marketing
2
Social media
marketing
4
Market Research
7
Advertisement
through print
medias
5
Advertisement
through electronic
media
6
Telemarketing
8
Rent-to-Own
• Rent to own is one of the
most popular offers in is
furniture business
because of its typically
high prices and the fact
that it is a general
necessity for homeowners
Consumers are attracted
to this option for large-
scale purchases because
it allows them to buy the
Holding a
ContestHolding a contest will
automatically enter our
customers into a contest when
they purchase furniture from
us. Contests can be extremely
effective when used as part of a
comprehensive program and it
can be a great tool for adding
fan base. In addition to
increasing the sheer number of
people who interact with our
brand, a contest provides a
means to deepen the
Having a sale
We can offer a holiday or
other discount to either
the general public or your
best customers. This will
increase our interactions
the customers and more
people will get to know
about the furniture we sell
by using it. We need to be
careful not to offer too
many; your customersPHOENIX
Giving Something
Away for Free
Hand out different
promotional products
branded with our logo, or
other gifts at a key
location. This lets people
experience what you have
to offer first-hand at a key
location. It can be small
things like t-shirts, key
rings, caps, wrist brand
but have to be visible in
Frequent Buyers
Cards
We can offer customers
a slight discount or free
product after they’ve
made a specific volume
of purchases. Because
the loyal and return
customers play key role
in the success of the
business.
Offer Free Shipping and
Installation
The word “free” is
always attractive to
customers, and free
shipping is usually a
reasonable discount for
furniture. Moreover, it
costs a good amount of
money to install
furniture. So, when we
offer to do it for free, it
PHOENIX
Offering Easy Payments or
Installment Plans
As furniture costs a good
amount of money, it isn’t
easy for all customers to
pay the total sum upfront.
So, we could make the
payment easy by monthly
or yearly instalments.
These are simple ideas
that attract customers by
making our products more
affordable
Offering Trade-
in
Furniture turns old as
with the usage. We can
reward customer
loyalty by encouraging
them to trade in their
old product for a
discount on something
new. It will certainly
not cost us too much
but make these
Offer Guarantees and Easy
Return Policy
A guarantee helps
inspire confidence in
buyers and
highlights our
integrity. And
impulse buyers will
be more likely to
purchase items that
they can easily
PHOENIX
Objective and Task Method
Businesses that use the objective and task method for
determining advertising expenses allocate the
marketing budget based on set objectives.To use this
method, a company must define the desired results of
advertising and the strategies and tactics required to
achieve these results. Additionally, the business must
assess the costs associated with these strategies and
tactics. If no financial restrictions exist, a company
can build its marketing budget by examining each
goal or objective and the tasks necessary to reach
these objectives. A primary challenge associated with
this method is the difficulty of accurately assessing
the advertising costs necessary to accomplish the
goals.
To develop a marketing budget using the objective and
task method, a company must determine its marketing
objectives and the tasks required to perform those
objectives. To calculate the promotional expenditures,
the business must evaluate the costs of each task.
Additionally, when using this method, businesses should
monitor competitors’ activities and compare internal
results against industry averages. Further, businesses
must specify when to make advertising expenditures
while maintaining an element of flexibility. Finally, the
PHOENIX
Overall marketing communication approach should have to be adapted according to the various needs of the
market as and when necessary. Some of the adaptable factors are:
Language
Gesture
Various offers and
elements in the
advertisements etc.
ANY QUESTIONS?

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Strategic Analysis of OTOBI Furniture’s Global Venture

  • 2. THANK YOU FOR COMING TODAY! PHOENIX
  • 3.
  • 4. 01 02 03 04 05 06 Positioning the Brands and its Products Creating a Marketing Budget Possible market offerings Budgeting Appropriate communication approaches Standardization vs. Adaptation
  • 5. PHOENIX • Determining current position OTOBI has • Identifying direct competitors • Comparing brand positioning to its competitors • Developing unique positioning ideas • Testing the efficiency of positioning strategy Brand positioning • Single Message • Connecting customers • Differentiated product • Sustainable, consistent and believable message Product positioning
  • 6. Public relation 3 Trade show 1 E-mail marketing 2 Social media marketing 4
  • 8. Rent-to-Own • Rent to own is one of the most popular offers in is furniture business because of its typically high prices and the fact that it is a general necessity for homeowners Consumers are attracted to this option for large- scale purchases because it allows them to buy the Holding a ContestHolding a contest will automatically enter our customers into a contest when they purchase furniture from us. Contests can be extremely effective when used as part of a comprehensive program and it can be a great tool for adding fan base. In addition to increasing the sheer number of people who interact with our brand, a contest provides a means to deepen the Having a sale We can offer a holiday or other discount to either the general public or your best customers. This will increase our interactions the customers and more people will get to know about the furniture we sell by using it. We need to be careful not to offer too many; your customersPHOENIX
  • 9. Giving Something Away for Free Hand out different promotional products branded with our logo, or other gifts at a key location. This lets people experience what you have to offer first-hand at a key location. It can be small things like t-shirts, key rings, caps, wrist brand but have to be visible in Frequent Buyers Cards We can offer customers a slight discount or free product after they’ve made a specific volume of purchases. Because the loyal and return customers play key role in the success of the business. Offer Free Shipping and Installation The word “free” is always attractive to customers, and free shipping is usually a reasonable discount for furniture. Moreover, it costs a good amount of money to install furniture. So, when we offer to do it for free, it PHOENIX
  • 10. Offering Easy Payments or Installment Plans As furniture costs a good amount of money, it isn’t easy for all customers to pay the total sum upfront. So, we could make the payment easy by monthly or yearly instalments. These are simple ideas that attract customers by making our products more affordable Offering Trade- in Furniture turns old as with the usage. We can reward customer loyalty by encouraging them to trade in their old product for a discount on something new. It will certainly not cost us too much but make these Offer Guarantees and Easy Return Policy A guarantee helps inspire confidence in buyers and highlights our integrity. And impulse buyers will be more likely to purchase items that they can easily PHOENIX
  • 11. Objective and Task Method Businesses that use the objective and task method for determining advertising expenses allocate the marketing budget based on set objectives.To use this method, a company must define the desired results of advertising and the strategies and tactics required to achieve these results. Additionally, the business must assess the costs associated with these strategies and tactics. If no financial restrictions exist, a company can build its marketing budget by examining each goal or objective and the tasks necessary to reach these objectives. A primary challenge associated with this method is the difficulty of accurately assessing the advertising costs necessary to accomplish the goals.
  • 12. To develop a marketing budget using the objective and task method, a company must determine its marketing objectives and the tasks required to perform those objectives. To calculate the promotional expenditures, the business must evaluate the costs of each task. Additionally, when using this method, businesses should monitor competitors’ activities and compare internal results against industry averages. Further, businesses must specify when to make advertising expenditures while maintaining an element of flexibility. Finally, the
  • 13. PHOENIX Overall marketing communication approach should have to be adapted according to the various needs of the market as and when necessary. Some of the adaptable factors are: Language Gesture Various offers and elements in the advertisements etc.