SETTING PRODUCT STRATEGY Under the guidance of Prof. B S Prakash PGPBA 2014-16 - By Team RANKS Radhika Odugoudar Anish Rawat Niharika Joshi Kiran Karpur Shreekarthik Shesha 1 B1412 B1401 B1411 B1405 B1415 Marketing Management Overview Product Definition Market Offering Elements 5 Product Levels Product Classification Product Differentiation DESIGN of Product Product & Brand Relationships Product Systems & Mixes Product Mix Length & Product Line
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NEW PRODUCT LAUNCH: UB GROUP – SOFT DRINK “MIST” COMPANY OVERVIEW United Breweries Limited (UBL) - has assumed undisputed market leadership with a national market share in excess of 50%. Through a process of aggressive acquisition and market penetration‚ The UB Group today controls 60% of the total manufacturing capacity for Beer in India. The flagship brand‚ Kingfisher is now sold in over 52 countries worldwide having received many accolades for its quality. MACRO-ENVIRONMENTAL ANALYSIS
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Why did Chinese farmers move from northern to southern China during the Tang and Song dynasties? Attacks and wars by tribes drove many farmers to move south. How did the raising of rice change over time and how did it influence China? New types of rice were brought to China and it matured in two months instead of five which allowed the farmers to grow surplus amounts of rice. What was the importance of the Grand Canal? The farmers were able to ship their rice across the Grand Canal and busy boat
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competitors 7 3.4 Barriers to entry- Porters Five Forces Analysis 8 4. USP of chemical products logistics 9 5. Marketing plan 9 5.1 product 9 5.2 price 10 5.3 place 10 5.4 promotion 12 5.5 people 12 5.6 process 12 5.7 physical evidence 12 6. Conclusion 13 7. Recommendations 13 8 .Reference list 15 1. Executive Summary This report assesses the feasibility of launching chemical products logistics‚ a transport service related to dangerous goods in China. In order to evaluate
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New Product Development for Microfinance: Design‚ Testing‚ and Launch Technical Note Number 2 New Product Development for Microfinance: Design‚ Testing‚ and Launch by Monica Brand ACCION International October 1998 This work was supported by the U.S. Agency for International Development‚ Global Bureau‚ Economic Growth Section‚ Microenterprise Development Office‚ through funding to the Microenterprise Best Practices (MBP) Project‚ contract number PCE-C-00-96-90004-00. i ACKNOWLEDGMENTS
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Table of Contents EXECUTIVE SUMMARY i PRODUCT 1 The new product process 1 1.1 Stages in the new-product process 1 New product strategy development 2 Objectives of the stage 2 Identify Markets and Strategic Roles 2 Cross-functional teams 2 Idea generation 3 Customer Suggestions 3 Employee and Co-worker Suggestions 3 Research and Development Breakthroughs 4 Competitive Products 4 Screening and evaluation 5 Internal Approach 5 External Approach
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3 Product Strategy.......................................................page 3 Product Packaging Picture......................................page 7 Price Strategy..........................................................page 10 Bibliography.............................................................page 13 Executive Summary Discuss your new product idea and why you believe that there is an unsatisfied need/want and demand for this product idea in the
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using a model the levels of a product. Kotler distinguished three components: need: a lack of a basic requirement; want: a specific requirement for products or services to match a need; demand: a set of wants plus the desire and ability to pay for the exchange. core benefit: the service or benefit the customer is really buying. Marketers as benefit provider. A hotel guest – room basic / generic product change core into basic represents all the qualities of the product : a hotel room includes a
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centralized planning economy to a more open and decentralized market economy. China’s Gross Domestic Products (GDP) growth rapidly with an average 8% raise per year and seem will maintain its high-speed increase in the future. At the same time individual income gain fast growth particularly in some eastern coastal city like Shanghai (see Appendix 1‚2). A top economical official predict: “China’s gross domestic product will maintain its 7 percent growing speed in the future” (Yang‚ 1998). Social/Culture
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introduction of products and services to stay alive in the market. Continuous learning helps organizations to identify gap between the current business and areas which could be tapped with the help of existing knowledge of the market which is close to our existing area of focus. This fits to services businesses as well as products businesses. Where there is a solution to a problem‚ there is the prospect for a business. One of the many ways of continuous improvement of the business is product/service
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