Preview

Bmw Conclusion

Satisfactory Essays
Open Document
Open Document
279 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bmw Conclusion
Conclusion

Need to do more of promotional strategies to attract more of female consumers with like of limited edition specially for females in their existing models or for new models in this edition just by giving few simples thing which females like in the car for example- pink colour, soft-toys, trendy seat covers, etc. Furthermore, The Asia Pacific region is becoming increasingly crucial to global automotive sales. Although it has been overshadowed by China 's rapid growth in recent years, emerging markets is set for steady growth where BMW is already there but needs to concentrate more and needs to adaptive marketing strategies to get success out there. These markets are going to be huge as there is more population in these countries as in comparison to US and UK market. In addition, BMW needs to come with few more BMW Films interactive marketing campaigns, the quot;Ultimate Driving Machinequot;. As it is had very successful and showed good promise in it for the selling point. These kinds of advertising are creating very good brand value for the company and company portrayed itself how they want to be in front of customers. To conclude this essay I would like to say If BMW wants to double its sales in next 3-5 years then company need to continue its investment in R&D and innovate as that’s the strength of the company it enjoys competitive edge over the competitors.

References: www.bmweducation.co.uk/companyhistory www.bmw.co.uk/models www.dtvprofessional.com/2002/12_dec/features/bmw_returns www.bmweducation.co.uk/companyfacts www.15digitalmarketing.co.uk/articles/2006/01/21/ www.just-auto.com



References: www.bmweducation.co.uk/companyhistory www.bmw.co.uk/models www.dtvprofessional.com/2002/12_dec/features/bmw_returns www.bmweducation.co.uk/companyfacts www.15digitalmarketing.co.uk/articles/2006/01/21/ www.just-auto.com www.wikipedia.com

You May Also Find These Documents Helpful

  • Satisfactory Essays

    BMW case study

    • 679 Words
    • 2 Pages

    The goal BMW should strive to achieve is to sell 100,000 units by end of the year 1996 which translates to about 10% year on year sales growth from the year 1992. This goal also means BMW gets about 8% market share of the luxury automobile sector in the year 1996 considering 3% annual growth rate in the luxury segment. This goal is realistically achievable given that the efforts of the ‘Second Great Opportunity’ have already started yielding results with a 23% unit sales increase for the year 1992. This is also very important to have this goal in order to keep up the momentum gained by the recent revamped advertising campaigns and strategies implemented. There can be an argument to make the goal as to increase market share to 10% but to achieve this figure the number of unit sales needed is higher than the capacity of BMW to produce vehicles and makes it come close to a mass producer which is clearly not in the BMW’s global strategy.…

    • 679 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Bmw Film

    • 1465 Words
    • 6 Pages

    Answer : There are serveral motives for BMW think of this film idea. BMW was regarded as most luxury cars, but after the competition form japan, it was traped into ‘yuppie car’ image of brand. BMW, however, hope they could be the world’s most exciting luxury cars. Thus it is crucial to improve its brand image to ‘ reponsive performance’. Secondly, their reseach found that the target group of their potential customers are young professionals who use internet very frequently.So the new media may intensively affect their decisions. Thirdly, The budget was limited but the mission was convertly over load. Due to the company’s size and limited marketing budget,…

    • 1465 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Mkt 571 Product Offering

    • 1459 Words
    • 5 Pages

    The BMW Company indicated that it is not enough to build great cars, but also to strive to create lasting relationships. The BMW ownership experience is said to be a partnership with the drivers, this experience continues to drive the market for these vehicles. The experience also shows the excellence in performance and how committed the company is to the vehicles that bear their name. The BMW Performance Driving School was built to create better drivers and to attract customers. They build these facilities because of their need to remain competitive in the market, with the idea of fine tuning their vehicles. The need for BMW motor vehicles continue to grow because of their performance as compared to vehicles in the same class.…

    • 1459 Words
    • 5 Pages
    Better Essays
  • Good Essays

    BMW’s marketing efforts have gone through trial and error to create and sustain the brand position and image that it has today. As a global seller of high end luxury cars, BMW is in a competitive industry where strategic marketing activities are a key aspect in setting a company apart in an industry. For this particular case, BMW’s Jim McDowell sits in front of a very important decision on what his next step will be in following their “The Hire” short film series marketing campaign. In making this decision, many factors have to be taken into consideration. One is whether a traditional or nontraditional approach is needed. Another is making sure that the decision builds or at least compliments the BMW brand positioning; and also the aspect of competitor reaction and tactics must be taken into consideration so that BMW can take advantage of any open marketing tactic opportunities or learn from the mistakes of their competitors.…

    • 1122 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Bmw Films Case

    • 578 Words
    • 3 Pages

    It took the firm about 50 years from its first automobile in 1929 to be firmly established in North America. But right when other Japanese cars entered the market in in the late 1980s, BMW went from one of the most brought luxury car to falling behind Lexus who became the number-one luxury import in the country. The brand had an outdated image and U.S sales went from 96.8 (thousands) in 1986 to 53.5 (thousands) in 1991 supported by Exhibit 1 and 4. But after taking drastic measure of reinvigorate itself in North American by introducing newer models and series that were more suitable for the North American market, a new brand image arose and BMW sales rebounded reach records level from 1996-2001. In 2001, BMW was definitely in its maturity phase where it has enough brand awareness amongst its target market that it didn’t’ need an extravagant marketing budget. In Exhibit 2, out of the luxury brands top 5 highest total sales, BMW was the second most selling brand while only spending half (62.4 million) of its competitors (134-215 million).…

    • 578 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    BMW Group is one of the largest and most successful multi-brand automobile manufacturers in the world, headquartered in Munich, Germany. Just like many other automobile manufacturers, the company does not only manufactures, but also distributes and sells passenger cars including sedans, SUV, Coupe and Convertibles, etc. This report will give an evaluation for one of the popular model series, BMW M5, by investigating the product’s market.…

    • 2285 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    We recommend that BMW continue into Phase II with a combination of both strategies. Having fulfilled their stated goals for Phase I, we believe this approach will continue to benefit the company throughout Phase II. Now that the hype from the James Bond movie has subsided, BMW must find a way to sustain the cachet built around the car until it's dealership arrival in March 1996. They want to continue promoting the car and the company through their sponsorship of the Summer Olympics while also reminding the public of BMW's traditional reputation. By emphasizing the previous success of Phase I using nontraditional concepts with an increase in more…

    • 1884 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing Mix For BMW

    • 2026 Words
    • 9 Pages

    As one of the most significant inventions in human history, the amount of cars had increased rapidly in the recent years. The competition had been much more intense in automotive manufacturing. Therefore, it was necessary for BMW to find a useful marketing mix. A survey and two interviews were conducted and the Internet was used to search for some data as methods to gain the result. The findings will show the marketing mix of its major competitor and talk about two marketing mixes and a SWOT analysis for BMW. The strengths of two marketing mixes and the errors of research would be discussed. In the conclusion, there would be a judgment about the preferred marketing mix.…

    • 2026 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    Analysis of Bmw

    • 8483 Words
    • 34 Pages

    The following report analyses the automobile operations of the BMW group in regard to its competitive position in the automobile market. BMW is a German premium car manufacturer comprising the three brands BMW, Mini and Rolls-Royce.…

    • 8483 Words
    • 34 Pages
    Powerful Essays
  • Satisfactory Essays

    Bmw Z3 Roster

    • 1665 Words
    • 7 Pages

    BMW Z3 is the 1st BMW car which is being manufactured in North America, a market which has contributed only 16% to BMW s revenues. At the same time, the American customer has found itself difficult to relate itself to a foreign brand. Here lies the challenge for BMW and the marketing behind the Z3 campaign are aimed at changing this perception of the American customer and ingrain BMS s brand image in the hearts of Americans…

    • 1665 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Internal Analysis on Bmw

    • 427 Words
    • 2 Pages

    BMW has always been premium brand oriented company. It manufactures three brands in BMW, MINI, and Rolls-Royce. These brands occupy various high-end market segments from small car to luxury premium car. This leads to BMW become the only both premium car and motorcycle manufacture. Each brand within BMW has its own clear brand image. Its products have rich product connotation in aesthetic and dynamic design, dynamic performance, technical content, and overall quality. Thus, it can provide customer with practical value. Build on this basis, BMW can expect higher margin and continuing to maintain profitable growth, and ensure its independent status.…

    • 427 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Bmw Case Study

    • 524 Words
    • 3 Pages

    The position of BMW in consumer’s mind is excellent and successful because the high quality, fashion design, and luxuries configuration are better than other brands. And BMW also represents the consumers’ social position. Because it is so expensive that not anyone can afford it.…

    • 524 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Bmw Analysis

    • 8633 Words
    • 35 Pages

    GLOBAL SUPPLY CHAIN MANAGEMENT: BMW SPARTANBURG, USA ACTIVE HYBRID X6- V8 Hybrid Engine Business Administration- International Business 7th April, 2011…

    • 8633 Words
    • 35 Pages
    Powerful Essays
  • Satisfactory Essays

    BMW Harvard Case Studies

    • 836 Words
    • 4 Pages

    Firstly, the launch of the BMW Z3 is significant for the company as it helped the company inch closer towards their long term goal in becoming a global brand. Prior to the introduction of BMW Z3, the most common mindset of the general public about BMW is that the superior quality of their products are due to the fact that it was made in Germany. With the Z3 manufactured in Spartanburg USA, BMW can show that they can be a successful global company by manufacturing at strategic locations even when it’s not in Bavaria. Furthermore, this launch had helped people to associate the quality of BMW’s product to the company itself rather than its manufacturing location.…

    • 836 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Strategy BMW

    • 3463 Words
    • 11 Pages

    This report will give a more detailed view at the current situation of the BMW Group with an analysis of the company’s strategies but also with a look at the issues and a final evaluation of the authors of this report.…

    • 3463 Words
    • 11 Pages
    Powerful Essays

Related Topics