Consumer behavior case study : Tudor Fashion Presentation Transcript

1. Consumer Behavior Case Study: Tudor Fashions Submitted By: Group 2 Aditya Zutshi (09BM8005), Ambuj Agarwal (09BM8007), Nidhi Bansal (09BM8028), Shweta Jain (09BM8031), Amit Sarangal (09BM8082) & Shilpa Gautam (09BM8085) 2. Ques1: What kind of information was the basis for CEOs decision about Tudor Shoes? o CEO was measuring consumer attitudes by Observation of Behavior. 3. Results o Above changes resulted in change in consumption pattern of product i.e. Tudor shoes o CEO related this change in consumer behavior with declining sales over past 2 yrs o Decided to move from high quality affordable price to high price high quality image o Though Observation method is usually used to supplement other research methods like (qualitative investigations: focus group, depth interviews, TAT & Attitude Scale) 4. Ques 2:Analyse the pros and cons of Prashants decision about Tudor Shoes o Pros Able to recognize changing consumer attitude, perception and preference Identified the need of changing product range in consensus with all departmental heads Realized that they need to keep pace with the changing trends for future growth 5. Cons o Lost the existing segment middle class Created confusion among customer about the brand image Drastic price changes were not accepted by customers o Lost the competitive advantage of selling good quality affordable range shoes o Marketing communication strategy was missing Tried to enter into new market without proper repositioning efforts o POD wrt premium brands was missing For premium shoes other brands were recalled, not Tudor o This all resulted into further decrease in market share 6. Ques 3: Suggest an Approach to change consumer perception and attitudes about Tudor shoes. 7. Proposed Approach o To Change Perception Inputs to the perception process i.e. the stimuli Vision & Hearing through marketing communication The design changes should be such that it crosses the differential threshold but at the same time the price point should not vary to such a large extent. They can launch new sub brand for high end premium shoes o To Change Attitude Change the criteria for evaluation

Earlier they evaluated on basis of affordable prices and no fuss elegant shoes for office.

8. Changing basic motivational function : Emphasis on Value-expressive function Will help consumers illustrate their personality & lifestyle to be in trend with what others are wearing. Ego defensive function To support self concept and be part of the latest trend of bold shoes o Changing brand belief (as part of altering components of the multi-attribute model) 9. Ques4: Designing Marketing Communication o Objective of the communication Changing Customer perception and attitude towards new range of Tudor shoes Make the middle class aware of the changing trends and try moving them to higher category shoes. Keeping existing customer segment satisfied By emphasizing the wide range of shoes & assured quality and comfort Adding new customer segment (upper middle class & upper class) Adding Style as the dimension with Tudors brand Image. 10. o Target Audience Middle class (for existing range) Upper Middle and Upper class (for premium range) o Communication Medium Peripheral route of persuasion Low involvement medium like Television Prints ads to give snapshot of the range of shoes and emphasizing the assured quality and comfort. 11. Message Content o Launching new sub brand - Premium Highlight points of difference Target other-directed people o Creating positive attitude Communicate knowledge about latest styles, bold looks and high quality of new range of Tudor shoes Increase trial ability at Retail outlets to communicate quality Establishing New image of the Sub-brand for premium range shoes 12. o New range of shoes should come with introductory offers o Salesforce to be used for imparting knowledge o Advertisements: Using advertisements focusing on emotional appeal Shoe in the contrast using the figure and ground theory
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Showing a group of office goers wearing comfortable yet stylish Tudor shoes. High Frequency of advertisements

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