7. Case Study
7.1 The marketing practice of Pantone Live in U.S market
The general strategy for PantoneLive project in U.S market is:
Launching cloud-based color management solution across packaging supply chain to meet the requirement of Globalization of supply chain for fast moving consumer goods companies, by leveraging Pantone brand with licensing to key retail and consumer marketing partnerships and global foot print of Danaher for package industry. However, there are no systematic procedures for marketing strategy forming with 4Ps. Below is a simple introduction for market practice of PantoneLive in U.S market.
The product is originated from high color requirements of Pepsi.
The price is determined by consideration of traditional cost, traditional profit ratio and strategic impact for X-rite’ other products. Table 7-1 shows the price at the launching stage of PantoneLive.
Table 7-1: American Price for PantoneLive
Customer categories Annual Fee Remark
Designer 99$
Pre-printing 1150$
Production >2000 $ Depends on service content and work scope
Brander >4500 $ Depends on service content and work scope
The distribution channels are X-rite’s traditional distribution channel. In fact, most of transactions are done directly by Pantone Digital Business unit.
There are many promotion activities for industry customers, such as PantoneLive launch party, technical seminars, industry exhibitions, News press.
2 Cases about PantoneLive be taken as objective of case
In “The Circuit” by Francisco Jimenez, Panchito does not like being a migrant worker. First, Panchito doesn’t like being a migrant worker because he has to go to the farm and work instead of going to school. When Panchito woke up the next morning, the text states that “looking at the stars and savoring the thought of not going to work and of starting sixth grade for the first time that year.” (Jimenez 80). This shows that Panchito does not like being a migrant worker by explaining that he was savoring the thought of not going to work and of starting the sixth grade.
Despite the challenges of working on the circuit, Panchito and his family remain strong. Panchito and his family go through difficult times but together they pull through. They go through difficult times to find work and to get a good education. They work together and stay together as a family. One of the challenges that Panchito and his family face is moving from place to place.
Target is always looking for new ways to get their products out to the consumers and there can be a steep price for this. (The Shopping Experience)
Each brand must be positioned for its target segment and a single P&G brand cannot have one positioning for all of P&G’s segments. P&G implements multiple sales strategy that means one similar product may have a different brand. This implement may attract more consumers to buy its products. And this essay will introduce the background of P&G. Furthermore, will have some analysis of its situations such as PEST and SWOT analysis.
To address this a panel was formed consisting of executives from Nestle, Craft and Heinz etc. to provide valuable insight into food products. Their strategy focused on international licensing for which they needed a global partner for market penetration. Johnson & Johnson was this partner. The input of capital was geared towards keeping supply constant as the control of stanol ester production would be maintained by Raisio.
Carolyn Kizner’s pantoum “Parent Pantoum” (1996) laminates that the speaker is conflicted about her daughter’s adolescent behavior and attitude. Kizner explores the speakers discontent between herself and her children using metaphor, juxtaposition, and parallel structure. Through her contemporary pantoum, Kizners speaker marvels at her “enormous children” (1) in order to try to understand how the girls can “moan about their age” (6) but still appear in “fragile heals and long black dresses” (7). Kizners pantoum addresses the speakers view on how kids act when they are in their adolescent years with a bewildered tone, however; as the poem progresses, the speaker develops her own ideas about why teens behave the way they do in a hopeful and proud tone.
• Price may need to be adjusted downwards to hold off competitors and maintain market share. : The major pricing decision is whether to set a price above, below or about even with the competitors’ price. This influences Microsoft office to list their product in premium priced list, however, all the other products, which have alternatives in the market, are priced competitively. • Promotion continues to suggest the product is tried and true: Microsoft has a certain amount of promotion, which is mainly used for its premium products which have a large share of the market. Or the promotions are used for products which are in high competition segments like phones with collaboration in other companies.
D) Marketing Plan (4Ps) Marketing Mix (4Ps) • Product – Divide product into three categories for different market o High-end function, design, and price – to target high-end group. The function will feature the highest potential such as child protection lock, built-in coffee and toaster maker, rotisserie, new technology
4.4 Pricing Strategy For a number of reasons, price is one of the most important aspects of an effective marketing strategy (Gerstein & Friedman, 2015). First, price is the only marketing variable that generates revenue. Second, buyers see price as an attribute of value (Tanner & Raymond, n.d.). Consequently, an organization must carefully assess its internal and external environment to choose the most effective pricing objective, which—in turn—will drive a product’s initial pricing strategy.
Q. 2. Recent development in Technology has enabled huge global organizations to avail information easily in their premises for smooth functioning of various departments within an organization. Much of a company's success comes down to its Supply Chain Management and logistics. The development of Information Systems in SCM helps in cost reductions, customer satisfaction and productivity.
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.
6.1 Marketing Mix Marketing mix is a set of controllable marketing tactics used by business to promote their product and achieve its marketing objectives. (L. Lake, 15 June 2017) Marketing mix is also called the 4Ps which consist of Promotion, Place, Product and Price. (M. J. Baker, 2001, p.54) 6.1.1 Product
• Many successful brands to pursue. • Advertise its less popular products. • Buy out competition. • More Brand recognition Advantages of coca –cola Market Leadership: Coca-Cola FEMSA is one of the biggest franchise bottler of Coca-Cola trademark beverages in the world, with operations in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Argentina, Brazil and the Philippines. Business partnerships: Coca-Cola FEMSA is cooperating with The Coca-Cola Company to grow more propelled joint plans of action to keep investigating and taking part in new lines of refreshments, expanding existing product offerings and successfully publicizing and advertising our items.
2. Introduction Defining an effective Marketing Communication Plan and Communication Mix through a well researched strategy will not only help to reach out to potential customers, but it will also help to adapt and respond to the ever changing marketing environment. This report starts by examining the various promotional tools used by marketers in the marketing of their products and services, including the advantages and disadvantages of the tools. The report goes on to examine the meaning of Integrated Marketing Communication (“IMC”) and the importance of measuring the effectiveness of the Promotional Campaign.