Comprehensive exam review BM635 : current issues in MKT Comprehensive exam Current issues in MKT • Agenda – Case study – MKT Theories – Exam Case study • Narrative exam – Structure the exam • Example of – RESONA – SOKEN Key take out: Resona • • • • • • • • • • • • • • • • Info: Market size : 2400 Mio baht Info:First time “ Men” market Info:Gross market share up to 16% Info:Men grooming market grew 9% Info:Resona is a Global brand Info:Nevia market leader with 35% share Issues: Brand positioning : Resona/Exe info: “Stick” is key focus segment Insight : Men have twice sweating more than women Info:Resona Men launched in other countries Info: Key message: product efficiency เพื่อการปกป้อง Info: Resona is a mutibrand in global position Segment: 30% Smell is the first creteria for brand selection: ( AXE ) Segment: 20%Protection is the second creteria ( Resona ) Segment: 40% Whitening is led by NEVIA. Insight: consumer only 50% using deodorant Key issues: Resona • Execution:Resona introduce product in First time “ Men” market • Brand: Consumer perception: Resona is brand for women. • Brand: Difference of Brand positioning : Resona/Exe • Segmentation: How to grow “Stick” segment , how big is this segment • Marketing message: product efficiency เพื่อการปกป้อง • Insight: consumer only 50% using deodorant • How to grow the category Marketing strategies • Branding/Product ( ATL communication) – Packaging/color of packaging • Black/Gray color – Advertising/communication ( marketing message ) • Benefit of product “ twice protection for men only”.. • Men media – Fragrant • Men Fragrant • Consumer experience ( BTL communication ) – – – – Where are men ?? Product sampling ( 50% using deodorant ) Where is the rest of consumer never try the product Event marketing: • Other theories !! Case study • Apply marketing theory – Theory • Example of – RESONA – SOKEN Key take out: Aconetic • • • • • • • • • • • • • • • • Shop in shop: “ The Inpiration life “ at Siam paragon Aim: Perception : Local brand to life style brand Info: Pressure from price competition: china/Local brand Info: key player : Soken/ Family in this segment Info: Service center 2 branches at Rama II, Bangna Strategy : Experiences of product to consumers Corporate shop: Boutique Digital at Panthip ngamwongwan Channel conflict : ???????? Shop in shop: uplife brand image of Aconetic ? Channel info: 300 dealers only 100 working Partner classification: Exclusive/ gold members Marketing program: CRM, consumer promotion ie premium Marketing initiative : Emotional marketing Move to low to mid to… Mid to high segment Pricing: 10-15% lower pricing Focus value pricing > branding pricing Key issues: Aconetic • Brand: Consumer perception : Local brand to life style brand • Execution: Is shop in shop is enough to uplift brand image • Concept: Experiential /Emotional marketing : how Aconetic applies. • Channel :How to grow channel partner from 100 to 300 dealers • Segment : Mid to high segment • Pricing: 10-15% lower pricing is this help brand image • Positioning Marketing strategies • Channel : shop in shop / boutique • Experiential marketing • Uplift Brand image – – – – Innovation: Technology ..no 1 in…… Pricing strategy. Reduce pricing gap with competitor The proper Advertising/Communication is powerful Promotion: can ruins brand image if it is too heavy on pricing Other related marketing • 4Ps , 5Cs Key take out : 0 calories • • • • 30000 Mio LY xxx 0 calories : 400 Mio 2 % contribution Growth : 30 % rate /year Strategy: new favor is a key driven – PEPSI: Latte/Twist / Blue/Ice • • • • • • • Consumer trend: Health Fact: consumers switch to other beverage Target group: men : women : 60:40 Product benefit : not enough product benefit Men perception: beverages for women !! Consumer perception taste: No delicious PEPSI: COKE – First launch – COKE: launch : COKE DIET ( taste not accepted PEPSI is market leader Marketing issues: COKE ZERO • Brand differentiation: COKE/ PEPSI • Brand portfolio : Diet / Zero – COKE/ COKE ZERO ( 98:2) ---- (70:30 ) • Brand perception: Men / • How to accept 0 calories: Favor • Product taste !! Consumer acceptance • Protect market share • Differentiate PEPSI MAXX from ZERO • Gain market share • Grow 0% category • Brand communication – Strong message : product benefit • 4Ps • • • • PRODUCT POSITIONING BRANDING CONSUMER