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Paul Adrianne Jacinto  Babylyn Hernandez Geneveive Lara Vience Grampil
Outline   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives ,[object Object],[object Object]
[object Object],[object Object],[object Object]
What is Product Strategy? ,[object Object],[object Object]
TWO Fundamental product questions ,[object Object],[object Object]
Maslow Hierarchy of needs model
Example:  ( Drinking Water market) ,[object Object],[object Object],[object Object],[object Object],[object Object]
3 Types of Products ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Consumer satisfaction Evaluation
Four Types of Product according to customer’s effort and risk ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Preference Goods
Shopping Goods ,[object Object],[object Object],[object Object]
Specialty Goods ,[object Object]
Graph Representation
3 Levels of Product ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Customer Purchase Decision Criteria ,[object Object],[object Object],[object Object],[object Object],[object Object],Company’s Differentiation Low High High Low Improve  or Change Gear Maintain Low priority Possible overkill
Mansmith and Fielders, Inc. product Philosophy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Quality ,[object Object],[object Object],[object Object],[object Object]
Ten learning lessons about   “ quality and customer satisfaction” ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Look alike Products ,[object Object]
New Product Opportunity ,[object Object],[object Object]
New Product Development ,[object Object],[object Object],[object Object]
New product development program ,[object Object],[object Object],[object Object]
Environmental analysis and assumptions for product development ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
NEW PRODUCT DEVELOPMENT PROCESS
Possible product criteria for retail stores ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Idea generation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Cecilio Pedro ,[object Object],[object Object]
Company’s Differentiation Quality of Service Few Many Very Friendly Not so Friendly Concentrates only on the determinant attributes of a product.
  a  graphics  technique used by asset  marketers  that attempts to visually display the perceptions of customers or potential customers. Typically the  position  of a  product ,  product line ,  brand , or company is displayed relative to their competition.
The starting point in “items by use” is to determine how existing consumers see existing products.
Idea screening procedures are needed to eliminate ideas generated with poor or low potential, and allow those with superior potential to go further.
One of the objectives of idea screening is to determine underlying unsatisfied consumer needs in the product usage situation. ,[object Object],[object Object]
How will the proposed product satisfy the consumer needs? What consumers needs exist? What specific product will make customers satisfaction possible?
Defining more parameters before an actual (and sometimes very expensive) product prototype will be assembled. ,[object Object],[object Object],[object Object]
A product advantage that cannot be communicated effectively has no value to the consumers. Communication plan brings to life the one-page product concept paper presented during the idea-screening phase.
This is the guesses are derived. The stage that a  budding product champion may meet all key company decision makers for the first time.
Marketers must know the basic as well as the motivating features of a product.
This technique is designed to identify the motivating key features customers use to differentiate product Also known as Trade-off Study
A product brief is submitted by the marketing man to their technical product researchers to formalized prototype development.
During product development prototype testing, always give more than what is enough.
What to test Activity is not progress Duration of Test Market Products that pass the prototype development must be exposed to a portion of  the actual customers within a realistic market environment.
Shows the process where both the customers and the suppliers change their behaviour while interacting in the market.  Product life Cycle is primarily determined by the rate of new product development in a particular market.
BRANDING It’s almost alive, like a person ,it brings benefits to consumers. It  assumers personality. You must have character to it! --John Pepper
[object Object],[object Object],[object Object]
Criteria for Choosing A Brandname ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
PRODUCT New New Existing Brand Existing Multi brand New Innovation Line Extension Franchise Extension
No- Meaning Brand Names ,[object Object]
[object Object]
Brand Equity ,[object Object]
Packaging ,[object Object],[object Object],[object Object]
[object Object]
 
 
Criteria for Choosing Packaging Materials ,[object Object],[object Object],[object Object],[object Object],[object Object]
Performance Requirement for Unit Packs ,[object Object],[object Object],[object Object],[object Object]
Label Development Process ,[object Object]
PROOFS ,[object Object]
Label Development Process ,[object Object],[object Object],[object Object],[object Object],[object Object]
Managing Product Line ,[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Relative Market Share Higher  Lower Relative Market Growth higher lower Star  Growth Question Mark introduction Cash Maturity Dog Declining Stage
General Electrical Matrix ,[object Object]
[object Object],General Electric Matrix Strong  Average  weak higher Average Weak Invest / Growth  Invest / Growth Invest / Selectively Invest  / Grow Invest / Selectively Harvest / Divest Invest  / Selectively Harvest / divest Harvest  / divest
GREEN MARKETING ,[object Object],Source:  http://www.businessdictionary.com/definition/green-marketing.html
GREEN PRODUCTS ,[object Object]
Environmental Threats ,[object Object],[object Object],[object Object],[object Object],[object Object]
Global Warning and Ozone Depletion  ,[object Object]
Acid Rain ,[object Object],[object Object],[object Object],[object Object]
Air Pollution ,[object Object]
Over Packaging ,[object Object]
[object Object]
 

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Marketing 25 chapter 4

  • 1. Paul Adrianne Jacinto Babylyn Hernandez Geneveive Lara Vience Grampil
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Maslow Hierarchy of needs model
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 32.
  • 33.
  • 34.
  • 35. Company’s Differentiation Quality of Service Few Many Very Friendly Not so Friendly Concentrates only on the determinant attributes of a product.
  • 36.   a  graphics  technique used by asset  marketers  that attempts to visually display the perceptions of customers or potential customers. Typically the  position  of a  product ,  product line ,  brand , or company is displayed relative to their competition.
  • 37. The starting point in “items by use” is to determine how existing consumers see existing products.
  • 38. Idea screening procedures are needed to eliminate ideas generated with poor or low potential, and allow those with superior potential to go further.
  • 39.
  • 40. How will the proposed product satisfy the consumer needs? What consumers needs exist? What specific product will make customers satisfaction possible?
  • 41.
  • 42. A product advantage that cannot be communicated effectively has no value to the consumers. Communication plan brings to life the one-page product concept paper presented during the idea-screening phase.
  • 43. This is the guesses are derived. The stage that a budding product champion may meet all key company decision makers for the first time.
  • 44. Marketers must know the basic as well as the motivating features of a product.
  • 45. This technique is designed to identify the motivating key features customers use to differentiate product Also known as Trade-off Study
  • 46. A product brief is submitted by the marketing man to their technical product researchers to formalized prototype development.
  • 47. During product development prototype testing, always give more than what is enough.
  • 48. What to test Activity is not progress Duration of Test Market Products that pass the prototype development must be exposed to a portion of the actual customers within a realistic market environment.
  • 49. Shows the process where both the customers and the suppliers change their behaviour while interacting in the market. Product life Cycle is primarily determined by the rate of new product development in a particular market.
  • 50. BRANDING It’s almost alive, like a person ,it brings benefits to consumers. It assumers personality. You must have character to it! --John Pepper
  • 51.
  • 52.
  • 53. PRODUCT New New Existing Brand Existing Multi brand New Innovation Line Extension Franchise Extension
  • 54.
  • 55.
  • 56.
  • 57.
  • 58.
  • 59.  
  • 60.  
  • 61.
  • 62.
  • 63.
  • 64.
  • 65.
  • 66.
  • 67.
  • 68. Relative Market Share Higher Lower Relative Market Growth higher lower Star Growth Question Mark introduction Cash Maturity Dog Declining Stage
  • 69.
  • 70.
  • 71.
  • 72.
  • 73.
  • 74.
  • 75.
  • 76.
  • 77.
  • 78.
  • 79.