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Strategic launch planning (Chapter 16) - Coggle Diagram
Strategic launch planning (Chapter 16)
strategic launch decisions
strategic platform decisions (direction)
product line replacement
high-season switch: arranging the new item at the top of a season (same as butt-on)
roll-in, roll-out: arranged by a sequence of market segments (another ver of butt on)
low-season switch: arranging the switch at a low point between seasons (same as butt-on)
downgrading: keeping the earlier product along side with the new
butt-on product replacement: existing one is simply dropped
splitting channels: putting the new item in a different channel or diverting the existing product into another channel
competitive advantage
differentiation
both
price leadership
aggressiveness
aggressive entry
cautious attitude at entry
competitive relationship
avoid competitor
aim at competitor
permanence
in to stay
temporary: variety seeking behaviour
scope of market entry
part of a market
roll them out
roll out moderately
roll out rapidly
roll out slowly
type of demand sought
replacement demand (product improvement)
selective demand (line extension)
primary demand (new-to-the-world product)
image
create a new image
tweak an existing image
use the already-existing image
strategic action decisions (target market decisions)
positioning of the new item
creating unique value
target market or segment
benefit segmentation
micromarketing
behavioural / psychographic
geographic / demographic
mass customisation
end-use
virtual product testing
target market decision
alternative ways to segment a market
geographic/demographic
behavioural/psychographic
end-use
benefit segmentation
virtual product testing
micromarketing
mass customisation
diffusion of innovation: product adoption process
product characteristics
complexity
divisibility
compatibility
communicability (observability)
relative advantage
product positioning
why should they buy it
solves major problems current products do not
better meet needs and preferences
lower price than current items
how do we best make claim
one or more benefits (how the user gains)
surrogate (no features, functions, benefits)
nonpareil
parentage
manufacture
target
rank
endorsement
experience
competitor
function (how it works)
one or more features (what it is)
to whom we are marketing
everybody - no narrowing down
target market criteria
users vs non-users
*buyers in the target market should buy our product rather than others being offered and used because__
product attribute
function
benefit
feature
what the buyer actually buys
the packaging
the physical product and service sequence
pre- and postsale service
core benefits
the intangibles - image, etc.
branding
branding decisions
budget
physical/sensory qualities
long-term position
message clear and relevant
what is the brand's role or purpose
brand management
brand equity
brand extension
umbrella brand vs individual brand
brand name provides values to both the firm and its customers
brand name dilution
packaging
primary and secondary packaging
roles: containment, protection, safety, display, info and persuasion