BMW by Bhaskar & Team (1)
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Transcript of BMW by Bhaskar & Team (1)
7/31/2019 BMW by Bhaskar & Team (1)
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Bavarian Motor Works
THE ULTIMATE DRIVING MACHINE
BHASKAR
LAXMAN
RAGHURAMKIRAN RAJ
DEVI
RAMYA
AMULYA
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HISTORY
•
BMW (Bayerische Motoron Worke Aktiengesellschaft) was founded
in 1916.
• Origin (HQ) : GERMANY
• In India : Gurgaon, Chennai
• Products : Automobiles, Motorcycles and Bicycles
• Founder(s) : Franz Josef Popp
• Subsidiaries : Rolls Royce
• Manufacturing Plants : 13 countries
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MISSION:
• "The BMW Group is
the world's leading
provider of premium
products and
premium services for
individual mobility."
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VISION:
• BMW will lead the way to the future of mobility, enriching lives around the world with the safest and most responsible waysof moving people.
• Through our commitment to quality,
constant innovation and respect for the planet, we aim to exceed expectations and be rewarded with a smile.
• We will meet our challenging goals by engaging the talent and passion of people,
who believe there is always a better way.
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STRATEGY
• In the early 2000s, BMW began to restructure its business. It focused onstrengthening its position as the market leader in the premium segment of automobiles across the world.
• In line with this, it adopted a product offensive strategy which aimed atflooding the automobile market with new launches (i.e. a new productevery three months).
• BMW increased its R&D expenditure by 53% to support this strategy.
• Some of the new cars launched as a part of this strategy were Mini One,Mini Cooper, new BMW 3 Series Compact, new BMW 7 Series and Z4
Roadster.
• By 2002, BMW had overtaken Mercedes and stood second in the premiumsegment of the US automobile market, next only to Lexus
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SALES
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Promotional Strategies before 2001
Radioadvertisements
TV and Print ads
Brochures andPrice lists
Events andTrade fairs.
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• Before 2001 the majority of BMW’s success is attributed tothe development of consistent marketing policy, the “marketniche” strategy.
• The company had four core values
– Technology, – Quality, – Performance, – Exclusivity
• The company used advertisements as a means of marketingand these advertisements evolved in response to economic,environmental and competitive changes.
Story before 2001
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Marketing Channels
• Internet
468x60 banners are sold on a run-of-site (ROS) basis, meaning, they will appear on
every search results page and on an equal rotating basis with other advertisers'
banners. For online ads, each advertiser is given password-protected access to
Real-Time advertising statistics,
• Television
The percentages of viewers of MSNBC and Bravo who are in BMW’s target income
bracket constitute 20.5%. The percentage of viewers in BMW’s target age group
(25-34) is 26.5%.
• DVD
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• The guerilla public relations campaign utilized several diverse
promotion tactics including seeding news of the BMW Films at
key Internet entertainment rumor sites and a radio DJ
program in 20 key metro markets.
• BMW sales increased by 12.5% compared to 2000, surpassing
the 200,000 mark for the first time in history.
THE GUREILLA PUBLIC RELATIONS CAMPAIGN
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TARGET CUSTOMERS:
• Upper middle class - professional employees
at the upper part of corporate ladder such as
financial analysts.
• CEOs of the companies
• Financially sound people
• To Show off the status symbol.
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DIFFERENT MODELS:
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SUBSIDIARIES:
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TWO WHEELERS &SPORTS CARS
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