Comprehensive exam review BM635 : current issues in MKT Comprehensive exam.
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Transcript of Comprehensive exam review BM635 : current issues in MKT Comprehensive exam.
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Comprehensive exam review
BM635 : current issues in MKT
Comprehensive exam
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Current issues in MKT
• Agenda – Case study – MKT Theories – Exam
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Case study
• Narrative exam– Structure the exam
• Example of – RESONA– SOKEN
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Key take out: Resona• Info: Market size : 2400 Mio baht • Info:First time “ Men” market • Info:Gross market share up to 16%• Info:Men grooming market grew 9%• Info:Resona is a Global brand• Info:Nevia market leader with 35% share• Issues: Brand positioning : Resona/Exe • info: “Stick” is key focus segment• Insight : Men have twice sweating more than women• Info:Resona Men launched in other countries • Info: Key message: product efficiency เพื่��อการปกปอง• Info: Resona is a mutibrand in global position• Segment: 30% Smell is the first creteria for brand selection: ( AXE ) • Segment: 20%Protection is the second creteria ( Resona )• Segment: 40% Whitening is led by NEVIA.• Insight: consumer only 50% using deodorant
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Key issues: Resona• Execution:Resona introduce product in First time “ Men”
market • Brand: Consumer perception: Resona is brand for
women.• Brand: Difference of Brand positioning : Resona/Exe • Segmentation: How to grow “Stick” segment , how big is
this segment • Marketing message: product efficiency เพื่��อการปกปอง• Insight: consumer only 50% using deodorant• How to grow the category
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Marketing strategies• Branding/Product ( ATL communication)
– Packaging/color of packaging• Black/Gray color
– Advertising/communication ( marketing message )• Benefit of product “ twice protection for men only”..• Men media
– Fragrant • Men Fragrant
• Consumer experience ( BTL communication )– Where are men ??– Product sampling ( 50% using deodorant ) – Where is the rest of consumer never try the product – Event marketing:
• Other theories !!
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Case study
• Apply marketing theory – Theory
• Example of – RESONA– SOKEN
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Key take out: Aconetic • Shop in shop: “ The Inpiration life “ at Siam paragon• Aim: Perception : Local brand to life style brand• Info: Pressure from price competition: china/Local brand• Info: key player : Soken/ Family in this segment• Info: Service center 2 branches at Rama II, Bangna• Strategy : Experiences of product to consumers• Corporate shop: Boutique Digital at Panthip ngamwongwan• Channel conflict : ????????• Shop in shop: uplife brand image of Aconetic ? • Channel info: 300 dealers only 100 working• Partner classification: Exclusive/ gold members• Marketing program: CRM, consumer promotion ie premium• Marketing initiative : Emotional marketing• Move to low to mid to… Mid to high segment • Pricing: 10-15% lower pricing• Focus value pricing > branding pricing
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Key issues: Aconetic • Brand: Consumer perception : Local brand to life style brand• Execution: Is shop in shop is enough to uplift brand image • Concept: Experiential /Emotional marketing : how Aconetic
applies.• Channel :How to grow channel partner from 100 to 300
dealers • Segment : Mid to high segment • Pricing: 10-15% lower pricing is this help brand image• Positioning
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Marketing strategies
• Channel : shop in shop / boutique • Experiential marketing • Uplift Brand image
– Innovation: Technology ..no 1 in……– Pricing strategy. Reduce pricing gap with competitor – The proper Advertising/Communication is powerful – Promotion: can ruins brand image if it is too heavy on
pricing
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Other related marketing
• 4Ps , 5Cs
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Key take out : 0 calories • 30000 Mio LY xxx• 0 calories : 400 Mio 2 % contribution• Growth : 30 % rate /year• Strategy: new favor is a key driven
– PEPSI: Latte/Twist / Blue/Ice • Consumer trend: Health • Fact: consumers switch to other beverage• Target group: men : women : 60:40• Product benefit : not enough product benefit• Men perception: beverages for women !!• Consumer perception taste: No delicious • PEPSI: COKE
– First launch – COKE: launch : COKE DIET ( taste not accepted PEPSI is market leader
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Marketing issues: COKE ZERO• Brand differentiation:
COKE/ PEPSI• Brand portfolio : Diet / Zero
– COKE/ COKE ZERO ( 98:2) ---- (70:30 )
• Brand perception: Men / • How to accept 0 calories:
Favor • Product taste !! Consumer
acceptance
• Protect market share• Differentiate PEPSI MAXX
from ZERO• Gain market share • Grow 0% category
• Brand communication– Strong message : product
benefit
• 4Ps
• PRODUCT• POSITIONING• BRANDING• CONSUMER