Synergizing Marketing communications
Assignment topic Car communications
Student name N.M.Naflan
Reg. No. 0000020349
December 2014 Examination
Post Graduate diploma in Marketing
Srilanka Institute of Marketing
Table of Contents
Executive summary
Introduction
1. Car market analysis
2. Trends of the car industry
3. Analysis of External factors
4. Analysis SWOT
5. Business objectives
6. Communication objectives
7. Communication strategy
8. Financial analysis of communication strategy
9. Recommendations
10. conclusion
Executive summary
This is a report presented by the senior brand manager to the managing director to recommend where the focus of the launch should be. Basically it includes an analysis of the car market in local
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2) Modern Trends in the industry
1-Modern and latest technology applied in many new models of cars
It is very much clear how the technology has influenced the auto mobile industry, today people will love the innovative technology, it has high demand, people are changing towards a technological environment and all expect technically well proved cars. ZEN car must possess the above feature to capture the potential customers.
2-eco friendly cars
Its crystal every developing country is moving forward towards a challenge of globalization and environment friendly concepts .people also adapt to this and if the vehicle is eco friendly it’s going to be a selling feature for the manufacturer
3- Small car concept
Due to the higher range of vehicles and due to the concept of small families, today many families tend to have a small car which has become a modern trend; this concept of small cars plays a main and significant role in car industry of srilanka
4- Innovative model
It is very much key factor to present innovative and new models to the dynamic and highly competitive market. New features, styles can play a decision changing role in the today’s automobile
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Opportunities
-Opportunity to enter the competition easily
- Economic growth of the country is sound and promising in future.
Threats
- Tax system of the country
- Low price local cars
- - Higher competition in innovative technology
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5) Business objectives
Establishing goals and objectives is an important part of the marketing process, particularly when launching a new product or line extension. In the case of ZEN car there must be set of objectives from Nissan Company at the launch. Objectives define the techniques an organization will use to achieve sales success, customer service goals, financial goals and any other measurable aspirations of the company.
Following can be categorized the Business objectives of the company in relation to ZEN car
• Attracting and retaining customers
• Create a timeline in the marketing plan and follow up regularly to ensure that everyone involved is on schedule.
• Attracting new shareholders and investors towards the company to invest on the new
Henry Ford is known for his industrial influence back in 1908. During this time, cars were very expensive, and the rich were the only ones with any sort of effective transportation. As a result, his response to this problem was the inventing of the car know by many as the Model T. The Model T struck the transportation industry with awe, and people all over the United States were buying them. Unlike horse drawn carriages at the time, the Model T was marketed towards the everyday person, not just rich people, and it only cost about $1,000 dollars to buy at start.
By producing a wide range of products like puzzles, building blocks, construction sets, and activity craft-based games, the company covers many target segments and gives their consumers a variety of options to choose from. 1.3: Segmentation & Positioning Concepts Reflect on the automobile industry in your country of residence. 1. Decide on a segmentation approach for the automobile industry in your country of residence, identifying at least four different target market segments of that approach.
FRONT WHEEL DRIVE VERSUS REAR WHEEL DRIVE, WHICH ONE IS SUPERIOR? Cars, automotive vehicles that are being used all over the world, all over the time with variety of models, types and brands. Not to mention, cars has been one of the most important transportation method in our daily life. It can be said that, nowadays every people has his own cars.
The first step is to make objective for launching a new product and a detailed budget and make a plan for it. Review the final product attributes. Provide training to the marketing management team. Analyze competitors in that industry.
The Automobile Industry is very complex and to start a business in automobile industry high level of capital investment is required. Not only huge amount of money but also a labor force will be essential, which are the main barriers to enter into the automobile industry. For Example, the US auto industry was once considered safe until Honda Motors gave a big challenge to these companies by opening a manufacturing plant in Ohio. The Automobile industry includes many other industries as well for example, tires and seat manufacture. These industries are the suppliers of the Automobile industry.
The Automobile business is a blend of organizations and companies engaged with the plan, advancement, assembling, promoting, and offering of vehicles. External environment is outside influences which has an effect on the industry. The environment factors help the industry to go through vast changes. Emergence of new competition have huge impact on vehicle development and design. Advancement of technology has helped the industry to use more high-tech driving capabilities.
Introduction Every business organization is using a marketing concept which is used as a tool to identify customer’s needs. And further try to meet them by making right decisions in line with customer’s needs. In line with meeting customer’s needs the ultimate goal of every business is to gain profit. That’s why they make use of different marketing strategies to meet not only the need of the customer but as well as the goal of the company. We know for a fact that marketing strategies comprises everything from developing a product, to introducing it to the market, to selling and improving it as the need of the target market changes.
It would aim at establishing a strong customer lifetime value. It would also search for new markets in other
The customers of Mercedes Benz look for products that have certain benefits that hold value for them. Therefore, in terms of benefits sought, they seek for high-end integrated technology and functioning of the car, along with consistency in performance and most importantly they will look to purchase cars that will offer high sustainability and reliability. The Mercedes is purchased among customers that heavily use the product on a daily basis. As mentioned in the demographics segmentation section that people who purchase these cars are in the high income class group, which means that these customers will regularly use a mode of transportation to travel to workplaces.
The Strategy for VW it is focusing on positioning the Volkswagen Group as a global economic and environmental leader among automobile manufacturers. To achieve the goals the company has defined the most important objectives that it needs to meet to be the most competitive car manufacturer in the world and the goal is to make Volkswagen the most successful, fascinating and sustainable automaker in the world. • Volkswagen intends to deploy intelligent innovations and technologies to become a world leader in customer satisfaction and quality. We see high customer satisfaction as one of the key requirements for the Company 's long-term success. • By reducing the sales price and reintroduce the brand into those countries where its position is weak; the U.S.,
However, choosing the appropriate technology is essential to the success of the advertising industry because different markets prefer different ways of conveying information. The use of applications in phones or e-commerce to order goods and services all over the world may be appropriate to a certain market, but media may be appropriate to an illiterate market (Porter, 1998). The development of smart phones is also an added advantage to the development of marketing activities in the advertising industries. For instance, in Singapore China the Taxi industry uses the application in the smart phones to access the consumers. Although the media are one of the appropriate medium to convey the adverts to the consumers,
Introduction BMW (Bayerische Motoren Werke AG) is a German automobile company which was founded in 1916 and is headquartered in Munich, Bavaria, Germany. BMW is now one of the largest car manufacturer in the world for its exceptional level of quality and producing cars with sporty driving characteristics. The BMW company 's slogan in English is "The Ultimate Driving Machine" or Sheer Driving Pleasure" which was originally translated from German slogan which is "Fraud am Fahren.” In addition to cars and motorcycle, BMW also operates an aircraft engine under the brand name which is known as Rolls Royce.
1.1. Positioning the company – Competition Porsche Automobile Holding SE, usually shortened just to Porsche, is a German holding company with investments in the automotive industry and has about 18,000 employees all over the world (Porsche, 2014). The main competition for Porsche’s high-end cars like the 918 Spyder or the 911 Turbo or Turbo S is arguably from Italian specialty automaker Ferrari. In similar demographics the brands appeal through traditionally vehicles to quite different personalities.
Table of Contents 1.0) Executive Summary 3 1.1) Objectives 3 1.2) Mission 3 1.3) Keys to success 3 2.0) Product and Services 4 2.1) Sourcing 5 2.2) Technology 5 3.0) Market Analysis Summary 5 3.1) Market Segmentation 6 3.2) Target Market Segment Strategy 7 3.2.1) Market Trends 7 3.2.2) Market Needs 8 3.2.4) Market growth 8 4.0)
The figure is featured in Vines that are proving to be exceedingly popular. Also, the Hyundai Sonata marketing campaign is using Social Media to spread the word. A video series called the “3000 mile test drive” shows the personal journeys of drivers using the Sonata. Honda’s strategy focuses more on innovation. Their CEO has always been an engineer rather than a marketing executive, their centers around the world function independently (domestic strategy), their Research and Development centers focus on implementing the latest technology.