Group 3: Krista Melish, Phillip Keller, James Kancewick, Micheal Jones.
Phillip Kevin Lane Kotler • Keller - UniBG · Kotler • Keller Phillip Kevin Lane ... Dreg&...
Transcript of Phillip Kevin Lane Kotler • Keller - UniBG · Kotler • Keller Phillip Kevin Lane ... Dreg&...
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Kotler • Keller Phillip Kevin Lane
Marketing Management • 14e
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Se#ng Product Strategy
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 3 of 27
Discussion Ques:ons 1. What are the characteris:cs of a
product, and how do marketers classify products?
2. How can companies differen:ate products?
3. Why is product design important and what factors affect a good design?
4. How can a company build and manage its product mix and product lines?
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 4 of 27
Discussion Ques:ons
5. How can companies combine products to create strong co-‐brands or ingredient brands?
6. How can companies use packaging, labeling, warran:es, and guarantees as marke:ng tools?
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 5 of 27
Marke:ng Planning
Needs
Wants
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 6 of 27
Components of the Market Offering
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 7 of 27
Product Characteris:cs/Classifica:ons • Experiences • Events • Proper:es • Organiza:ons • Informa:on • Ideas
Places
Persons
Services
Goods
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 8 of 27
Five Product Levels
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 9 of 27
Product Levels
Customer-‐value Hierarchy
Poten:al Product (Future augmenta:ons)
Core Benefit (Rest and sleep)
Basic Product (Bed, bathroom, towels)
Expected Product (Clean bed, fresh towels)
Augmented Product (Free Internet; free breakfast)
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 10 of 27
Product Classifica:ons
Nondurable goods
Services
Durable goods
Durability and Tangibility
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 11 of 27
Product Classifica:ons Consumer-‐Goods
Convenience goods
Shopping goods
Specialty goods
Unsought goods
• Staples • Impulse goods • Emergency goods
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 12 of 27
Product Classifica:ons Industrial-‐Goods
Raw materials
Materials and Parts
Manufactured materials Capital Items
Installa:ons
Equipment Supplies and business Services
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 13 of 27
Product and Services Differen:a:on
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 14 of 27
Product Differen:a:on
Form
Customiza:on
Performance
Reliability
Features
Durability
Conformance
Repairability
Style
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 15 of 27
Services Differen:a:on
Ordering Ease Delivery & Returns
Installa:on
Training
Maintenance & Repair
Customer Consul:ng
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 16 of 27
Design
Func7onal Benefits
Aesthe7c Benefits
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 17 of 27
Product Systems and Mixes
Product System Product Mix
Width
Length
Depth
Consistency
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 18 of 27
Proctor & Gamble Product Mix
Detergents Toothpaste Bar Soap Disposable Diapers
Paper Products
Ivory Snow Gleem Ivory Pampers Charmin
Dreg Crest Camay Luvs Puffs
Tide Zest Bounty
Cheer Safeguard
Dash Oil of Olay
Bold
Gain
Era
Product Mix Width
Product Line
Length
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 19 of 27
Product Line Analysis
Sales and Profit
Market Profile
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 20 of 27
Product-‐Item Contribu:ons
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 21 of 27
Product Map
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 22 of 27
Product Line Length
Line stretching
Up-‐market stretch
Down-‐market stretch
Two-‐way stretch
Line moderniza7on, featuring, and pruning
Line filling
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 23 of 27
Product Mix Pricing
Product line pricing
Op:onal-‐feature pricing
Cap:ve-‐product pricing
Two-‐part pricing
By-‐product pricing Product-‐bundling pricing
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 24 of 27
Co-‐Branding and Ingredient Branding
Co-‐Branding • Same-‐company • Joint venture • Mul:-‐sponsor • Retail co-‐
branding
Ingredient Branding
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Copyright © 2012 Pearson Educa:on, Inc. Publishing as Pren:ce Hall Slide 25 of 27
Packaging and Labeling
Packaging Objec7ves
1. Brand iden:fica:on 2. Persuade 3. Protec:on 4. At-‐home storage 5. Aid consump:on
Labeling Objec7ves
1. Iden:fy 2. Grade 3. Describe 4. Promote