- forecasting methods – anology
Analogy: use similar situations: the launch in Holland, France and England. Total german elevator market:
Target sales: 70 per cent of all sales:
70 per cent of 86,9 mill. Is 60,83 mill. DM. Perhaps a bit more if they gain in market share due to monospace. Low rise market is 74 percent of total market – 74 per cent of 1,022 mill= 756,28 mill. If KONE has the same market share in low rise as general: 64,28 mill if monospace is 100 percent of new low rise elevators sold.
2) Price and position in Germany
Price: how should we price in comparison to Holland and England. Should be priced in line with geared traction elevators. Priced slightly above because of market share less than 15%. 86,000 DM A relatively high price because of the differentiation and brand building purpose Position: position monospace on its differentiated value.
- No machine room
- saves energy
Perceptual map: decided to position ourselves on energy-saving and space-saving. ‘A space- and energysaving elevator with low operating costs.
3) To what extend might monospace cannibalize sales of KONE’s existing low-rise elevators In Netherlands, goal was for Monospace to account for 100 percent of low-rise elevators within three years – has that been attained?? That means that
4) What would be needed to ensure a successful launch?
Current situation and trends:
Goals: 70 per cent of all sold units are MonoSpace within a year. MonoSpace is 100 per cent of sold low-rise units within three years. Furthermore, a rise in market share from 6,7 per cent to 11 per cent within one year. Not as much as in Netherlands because we have a smaller market share in Germany. Within low-rise we expect to have a larger increase in market share.
Product: Monospace – is defined by KONE
Price: a price premium due to the differentiation and brand building efforts. 86,000 DM Place: As...