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Marketing II / Session 4

Product (Life Cycle) Marketing II/ Session 4

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Слайд 1Marketing II / Session 4

24.03.2015
Martin Samek
martin.samek@lbs.ac.at

Marketing II / Session 424.03.2015Martin Samekmartin.samek@lbs.ac.at

Слайд 2Product (Life Cycle)
Marketing II/ Session 4

Product (Life Cycle) Marketing II/ Session 4

Слайд 3New Products
Marketing II / Session 4
Innovation


What are the characteristics

of an innovation?



New Products Marketing II / Session 4InnovationWhat are the characteristics of an innovation?

Слайд 4New Products
Marketing II / Session 4
Innovation

-New to the world

products/services.
New to the market products/services.

Successful in the market.



New Products Marketing II / Session 4Innovation-New to the world products/services.New to the market products/services.Successful in the

Слайд 5New Products
Marketing II / Session 4
Innovation

- Diffusion of Innovation

How

innovations/new products are adopted on the marketplace

Identify an innovation in

an industry of your interest!



New Products Marketing II / Session 4Innovation- Diffusion of InnovationHow innovations/new products are adopted on the marketplaceIdentify

Слайд 6New Products
Marketing II / Session 4
Innovation - Diffusion of

Innovation




New Products Marketing II / Session 4Innovation - Diffusion of Innovation

Слайд 7New Products
Marketing II / Session 4
Strategic Decisions





New Products Marketing II / Session 4Strategic Decisions

Слайд 8New Products
Marketing II / Session 4
Strategic Decisions

- Market penetration
Sell

more of same products to current markets
New ways to use

the products, better pricing, better reward
program, etc.

-Product development
Sell new or modified products to current markets
Brand and line extensions or new variations of existing products






New Products Marketing II / Session 4Strategic Decisions- Market penetrationSell more of same products to current marketsNew

Слайд 9Price
Marketing II/ Session 4

Price Marketing II/ Session 4

Слайд 10Price
Marketing II / Session 4
- is relative to competition

and the economy

- is a message about quality

is a

signal regarding positioning and image of the brand

- provides value for money/ cost benefit

Easiest to change of the 4 Ps





Price Marketing II / Session 4- is relative to competition and the economy- is a message about

Слайд 11Price
Marketing II / Session 4
The 3 Cs influencing pricing

decisions
-> Company’s cost
-> Customers’ sense of product’s value
->

Competition’s price







Price Marketing II / Session 4The 3 Cs influencing pricing decisions-> Company’s cost -> Customers’ sense of

Слайд 12Pricing Strategies
Marketing II / Session 4
LOW PRICE:

-> Nearly predatory
->

Market penetration
-> Loss leader
-> Cost-plus





Pricing Strategies Marketing II / Session 4LOW PRICE:-> Nearly predatory-> Market penetration-> Loss leader-> Cost-plus

Слайд 13Pricing Strategies
Marketing II / Session 4
MEDIUM PRICE:

-> Competitive
-> Slightly

below competition
-> Slightly above competition





Pricing Strategies Marketing II / Session 4MEDIUM PRICE:-> Competitive-> Slightly below competition-> Slightly above competition

Слайд 14Pricing Strategies
Marketing II / Session 4
HIGH PRICE:

-> Market Skimming
->

Prestige or status pricing
-> High because of real market difference





Pricing Strategies Marketing II / Session 4HIGH PRICE:-> Market Skimming-> Prestige or status pricing-> High because of

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