Documente Academic
Documente Profesional
Documente Cultură
Group Members:
JUNE 1, 2015
IntroductionWhy Lazy brush
Since, we did belong to the same Platform as the companies do, thus most of
our Missions and Visions were likely to be similar, but as far as we realized our
potentialities and credentials we decided to launch a new product and tried to get
competitive advantage by using peculiar strategies, tactics and other effective and
efficient managerial roles. Before coming to our core objective, we would like to
mention the Product name i.e. ARK, and it has been possible by the active
partnerships of partners. While, the product is a tooth Paste, which shall be
discussed below in the marketing Mix strategy.
1
precautionary measures, in order to penetrate the market and making sure, by
developing our defensive strategy, through which our product survive by the
contemporary trend of competitions and attacks.
Input
2
Marketing Influences
Marketing Mix
The marketing mix contains four factors that are: to be kept under the
company researchers influence to make sure their compatibility with the
variations. These four factors are Product, Price, Place, and Promotion. Below is
the detailed description of, our companys marketing effort, in promoting the
interest: from zero intensity up to the maxim, marketing mix.
Product:
The need of the customer, can be seen, is already been fulfilled by pre-
available companies and thus the consumer are already been adhered to these
companies. So, we tried to make our product be: multi-qualitative i.e.it is a
combination of both paste and brush, and it contains almost all the qualities that are
present in the alternative products, produced by other companies; we focused on a
new strategic plan, named as Convex lens approach, in which, we made sure that
all the qualities and features in the adjacent products be present in the ARK. In
addition, our productive effort was to produce a multi-product in a single disguise.
3
Further, more, after extensive research, we came to the conclusion that people are
ease lover, so greater the easiness, facilitated by our product, greater would be its
demand. The facilitation of our product is: ARK, is mechanized to produce a
minimum amount of paste, with a click. Which is what: serve the purpose of
preserving the paste.
The greatest advantage, we have here, is our product is the combination of
both paste and brush, and it is a common practice of using separate brush for
separate being, in the house hold; thus the demand for our product would be
multiple, rather than single integer. In short, ARK is more individual concentrated.
Price:
All the decision, pre and pro production of the production: we came up to
the challenges that the already surviving product of branded companies has priced
quite a competitive price. In order to make a sound base of our product, we had
priced a normal price that could be affordable for almost every person in the
4
country. Product is priced, keeping in mind: the cost of production. Secondly, we
observed that most of the consumers are premium-oriented; so, we have focused
the upper and middle. Further, our main motive behind our normal price is to
penetrate the market and lag behind few of the companies in terms of competitive
price strategy.
Place:
In terms, of placing effort, we have used two types of channel: both the
direct and indirect channel. In direct channel we are selling our product directly to
the consumer, by sending our sales person to the market. The purpose of using
direct channel is because: the product we produce is new to the market, and in
order to gain more attentions of the consumer and to converge their interest to the
ARK, we have used personal selling agents to sell the product personally to the
consumer. While, indirectly: we are using formal channel i.e.
Due to our products first experience, we have just confined our product
within the countrys boundary and focused the domestic consumer. And our
market researcher, has fore-casted that the demand for the ARK, would soon be in
alternate countries too.
Promotion:
5
to highlight our product , and fulfill its promotion. In addition to it, we have been
in affiliation with various organizations: in which their employees get bonus and
prizes of total family care, including our ARK, along with the cosmetics.
Socio-cultural Environment
Family:
Family institution is one of the strongest among social factors that exerts
influence momentarily upon its members. In the promotion factor, as you can see:
we had affiliations with different companies, to provide them the ARK; the main
rationale behind this promoting effort is: to make sure that head of the family
receives our product, which in return would exert influence upon their family
members, and hence the family influence is mutated.
6
Reference Groups:
Non-commercial Sources
The source which bears a little loss, would be result of future income; so,
our effort in using non-commercial sources as bate: is because the greater is our
usage of our product by greater number of consumers, greater would be our
chances to get consumer attentions and penetrate our product. We have, funded 3%
of our product to the non-financial sectors, as NGOs, Family health care,
Government hospitals etc.
Social Class:
The middle class follows the upper class, while the lower class follows the
middle class; so, focusing the upper class: would result in influencing the other two
classes, and is thus what: the mutation of social-class stimulator to interact both
classes. The Upper-class, people: including ministries, bureaucrats, and other
presidential in term of positions, are ease and comfort lovers, so they would enjoy
the product and integrates ARK in its personalities. Below is a figure which
demonstrate the social class influence.
7
Culture and subculture:
Culture and subculture, which includes values and norms and are deep down
integrated with in the human body, and is what cannot be separated; keeping in
view the cultural factor in mind, we had confined the product with in the state
limits: conveying the message that it is only for domestic consumers. Furthermore,
our company has conducted cultural ceremony under the brand name ARK, and
slogan of cultural integration, to build the brand image. The main motive of these
ceremonial function is to ignite the intrinsic motivation of the consumer, and to
keep the consumer captive with their sense of belongingness. Making the
consumer feel the ARK, to be a cultural oriented would bring some leverage.
8
Process
Psychological stimulation
The psychological stimulation, that help stimulate the decision making process; are
explained below, individually.
Motivation:
9
Perception
Learning
As our product was quality-oriented, and after using the product by consumer:
they came to learn that the product was indeed not an exaggeration; the
information regarding the ARK is available in the form of pamphlets, on our
official website, social page and media sources etc. that would help consumer learn
more about the product, and the more they are aware about the qualities of our
product the more would be their drive for it.
Personality
10
Attitude
The above mentioned psychological factors were the stimulators, which are
both input and output of decision making process. After a consumer is stimulated:
they would drive for the need of the product. The process, a consumer would
follow is as discussed below.
Need Recognition:
The first step: consumer incur with is a need recognition; the advantage we
have here is: that the product ARK, we produce is most often, used every day,
by every people except old-aged, and is thus considered as a daily routines
need. As you know, that people within domestic limits recognize this need
almost three times a day. And is used for the protection of teeth. Every
consumer, is health conscious: thus it is obvious that the need for a tooth paste
and a brush is already realized. We made sure to provide both need in one pack.
The second step is consumers pre-purchase decision.
Pre-purchase Decision :
Most of the time, the pre-purchase decision, is always behind a rationale i.e.
when a need is recognized, consumer go for the product: before which a decision is
to be made; every consumers desires for a product that has the maximum CPV
11
and gives maximum satisfaction. Thus, consumer go to the shop and start
evaluating the alternative product as discussed below.
Evaluation of Alternatives :
12
Output
Purchase decision :
When ARK becomes the best among the alternatives; the product would surely
be in consideration to be purchased. Here, our promotional effort, plays a role in
attractive consumer towards the incentives. Firstly, the consumer purchase the
product on trial base but later on if the consumer likes our product ARK or it
satisfies the consumers need then the consumer will start repeating the purchase.
A competitive advantage we get here: ARK is personal product, so its purchases
would be in numbers rather than in number.
After, ARK is used, the consumer would be well satisfied, and he or she would
feel the features that were mentioned, are not exaggerated but are more likely the
integration of ARK. Which in turn, sequel: a positive behavior, and the satisfaction
level would further develop the perception, and make the consumer be curious to
know more about the ARK, and the more: ARK becomes a concentrations the
greater it integrates in the personality and so on: would come into consumers
experience, developing the psychological stimulations; and the flow cycle of
decision making process continues till the multi-product gains its soundness on
ground.
13