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&he Student should sub it this assign ent in the handwritten 'or (not in the t)*ed 'or at+ de*t
&he Student should sub it this assign ent within the ti e s*eci'ied b) the e,a Each Question
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&he student should onl) use the -ule sheet *a*ers 'or answering the questions. &he student should attach this assign ent *a*er with the answered *a*ers.
Question 1 A anu'acturer o' *ortable electronic gadget has been su**l)ing to business arkets 'or the last an) )ears success'ull). .e e,*ects that the *roduct can beco e *o*ular in consu er arket as well. .ow )ou will/ as his ad0isor 'or arketing the *roducts/ ake hi understand the arket under the 'ollowing *ara eters1 a. Co *etition and nature o' de and Answer Strong and growing do estic de and 'or aeros*ace and auto oti0e electronics. o 2ncreasing de and 'or teleco obile *hones/ edical/ consu er/
o .ighl) talented work'orce/ es*eciall) 'or design and engineering ser0ices with good co unication skills. o 2n'lation and rising costs o' doing business in China. o 3resence o' global EMS in 2ndia. ajors and their *lans 'or increased in0est ents
Continual decline in *rices o' ost the electronics goods(a ca era cost o0er -s.1#/000 'i0e )ears ago is a0ailable 'or = -s. #/000 toda)+.
3resence/ e,*ansion and>or entr) o' all ajor Electronic 4EMs and su**liers into the countr) creating greater 0isibilit) 'or brands and *roducts. Stead) increase in e,*orts. E,e *tion o' custo dut) on "18 *roducts that co e under the 2&A$1 ite s.
c. 6ecision
aking
1. 9ow Cost Attraction ? ;loball) 2ndia has and is gaining recognition as one o' the best low cost destinations 'or anu'acturing. 2n recent )ears/ with costs rising in neighboring China/ 2ndia has been able to 'urther its recognition on the cost 'ront. &he hourl) co *ensation 'or 2ndian workers e *lo)ed in an electronics anu'acturing 'actor) stands below @0.# e0en now. 2n co *arison/ the hourl) co *ensation 'or a AS worker is between @"0 and @"". E0en Me,ico/ one o' the earl) *ro*onents o' the EMS industr)/ *ales in co *arison to 2ndia at @% *er hour.
d. 6istribution channels
DISTRIBUTIO S!ST"#
Distributor Distributor
Consumer Consumer
As with online trading/ it a**ears ine0itable that alternati0e electronic distribution will gain ground in a 0ariet) o' categories. So e/ like air tra0el and e$ticketing/ alread) ha0e seen signi'icant i *act 'ro electronic b)*ass1 others/ like grocer) retailing/ will take uch/ uch longer. !hile Cle onsI initial studies were drawn 'ro alternati0e electronic distribution/ or to the contrasting air tra0el with grocer) o0e to ost usic
ca eras that are considering direct distribution 0ia the 2nternet/J he sa)s. .is grou*I s recent studies ha0e e,a ined the electronic distribution o' *urel) digital goods/ such as gains+ and to* re*orters ('ar e. 3ro otions
Branding
and news stories/ and considered the change in strength o' to* recording artists (considerable ore li ited+.
These days direct mail can also include direct email. The key to a successful direct mail strategy for any business, small or large, is targeting the audience. It is counter productive to mail a postcard offering cigars to young women with babies. You can do your own research, or purchase mailing lists to compile a targeted list of potential consumers. The list might be broken down by geographic area, interests or demographics like age, gender or income. Social etworking
!esides putting up a website, small businesses can put popular social networking sites to work as a marketing strategy. "ebsites like Twitter and #acebook can be invaluable for describing e$isting products, introducing new products, offering promotions and announcing sales. YouTube, the video website, can be effective for companies with a product that re%uires a demonstration or for a manufacturing plant tour.
&lectronic !arcode Technology &lectronic barcode technology like Microsoft Tag is becoming more and more popular as a marketing strategy for small business. ' logo type graphic of appro$imately ()inch s%uare is placed on a business card, poster or any other printed piece. The consumer can then use a phone application to *read* the Tag. Your website or other online information then opens up for the consumer.
+,- marks.
Question $ E,*lain with suitable e,a *les the new *roduct de0elo* ent *rocess. .ow does the 'ir i' the new *roduct de0elo* ent shall be sequential or concurrentK Answer decide
2n order to signi') the di''erences between the traditional a**roach o' sequential engineering and the odern concurrent engineering a**roach/ 2 will si ulate the release o' an aircra't co *onent onto the arket/ and e,*lain in detail the *rocess. 2 will *oint out di''erences between the ethods as 2 go along. &raditionall)/ *roducts were designed and anu'actured 'ollowing the sequential engineering ethods/ where *eo*le 'ro di''erent de*art ents work one a'ter the other on successi0e *hases o' de0elo* ent. &his ethod o' *roduction is in a linear 'or at. &he di''erent ste*s are done one a'ter another/ with all attention and resources 'ocused on that one task. A'ter it is co *leted it is le't alone and e0er)thing is concentrated on the ne,t task. &he *roduct is 'irst co *letel) de'ined b) the engineering design de*art ent/ and then the anu'acturing de*art ent take o0er and de'ine the anu'acturing *rocess/ etc. &his was a length) *rocess/ and o'ten led to a lot o' design changes as the *rotot)*e testing began/ due to *roduction *roble s/ dela)s or design 'laws. &his is there'ore a slow and costl) a**roach/ o'ten leading to a low$qualit) and less co *etiti0e *roduct. Concurrent Engineering/ so eti es called Si ultaneous Engineering or 2ntegrated 3roduct 6e0elo* ent (236+/ can be de'ined as a s)ste atic a**roach to the integrated/ concurrent design o' *roducts and their related *rocesses/ including anu'acture and su**ort. &his a**roach is intended to cause the de0elo*ers/ 'ro the outset/ to consider all ele ents o' the *roduct li'e c)cle 'ro conce*tion through dis*osal/ including qualit)/ cost/ schedule/ and user require ents. &his results in the *roduct de0elo* ent tea clearl) understanding what the *roduct requires in ter s o' ission *er'or ance/ en0iron ental conditions during o*eration/ budget/ and scheduling. 2n this ethod/ se0eral tea s within an organiCation work si ultaneousl) to de0elo* new *roducts and ser0ices andthis there'ore allows a ore strea lined a**roach. 6ecision aking in0ol0es 'ull tea *artici*ation and in0ol0e ent. &he tea o'ten consists o' *roduct design engineers/ anu'acturing engineers/ arketing *ersonnel/ *urchasing/ 'inance/ and
)$* marks+ Question , 6iscuss in details the seg entation *rocess o' 2ndustrial arkets. )$* marks+
Answer
2ndustrial arketers can hardl) be bla ed 'or 'eeling that seg entation is 0er) di''icult 'or the . Mot onl) has little been written on the subject as it a''ects industrial arkets/ but such anal)sis is also ore co *le, than 'or consu er arkets. &he *roble is to identi') the best 0ariables 'or seg enting industrial arkets. &he authors *resent here a NnestedO a**roach to industrial arket seg entation. Se*arated according to the a ount o' in0estigation required to identi') and
Anal)sis o' the arketQbetter understanding o' the total wh) custo ers bu). Selection o' ke) ca*abilities. arketsQrational choice o'
Manage ent o' arketingQthe de0elo* ent o' strategies/ *lans/ and *rogra s to *ro'itabl) eet the needs o' di''erent arket seg ents and to gi0e the co *an) a distinct co *etiti0e ad0antage.
2n this article/ we integrate and build on *re0ious sche es 'or seg enting industrial arkets and o''er a new a**roach that enables not onl) the si *le grou*ing o' custo ers and *ros*ects/ but also the ore co *le, grou*ing o' *urchase situations/ e0ents/ and *ersonalities. 2t thus ser0es as an i *ortant new anal)tical tool. Consider the dile a o' one skilled and able industrial arketer who obser0ed recentl): N2 canGt see an) basis on which to seg ent ) arket. !e ha0e 1#L o' the arket 'or our t)*e o' *lastics 'abrication equi* ent. &here are 11 co *etitors who ser0e a large and di0erse set o' custo ers/ but there is no uni')ing the e to our custo er set or to an)one elseGs.O
'ns.er R Market -esearch: 6e'inition 6i''erences between Consu er and Business Markets Sco*e o' Marketing -esearch Market and Marketing -esearch A**lications o' Market -esearch 3rocess Case Stud) Ethical issues in Marketing -esearch 2ndustrial Market 2ntelligence S)ste . R %. !hat is Marketing research K &he objecti0e and s)ste atic *rocess o' obtaining/ anal)Cing and re*orting data 'or decision aking R H. 6i''erence between the consu er and industrial arketing Consu er Mo. o' consu er bu)ers large. E,*eri ental and obser0ational ethod are ore use'ul to collecting the *ri ar) data. 2ndustrial Mo. o' industrial Custo ers s all. Secondar) data are ore use'ul. &echnical 'actor is also i *ortant in 2ndustrial Marketing . R #. Sco*e o' Marketing -esearch: 6e0elo* ent o' arket *otential Market share anal)sis . Sales anal)sis Eorecasting Co *etitors Anal)sis Bench arking. Mew *roducts acce*tance and *otential Business trend studies Sales quota deter ination R D. Marketing -esearch and Market -esearch: IMarketI research is si *l) research into a s*eci'ic arket. 2t is a 0er) narrow conce*t. IMarketingI research is uch broader. 2t not onl) includes I arketI research/ but also areas such as research into new *roducts/ or odes o' distribution such as 0ia the 2nternet. R 8. A3392CA&24MS 4E MA-SE& -ESEA-C. 3ricing research 3roduct research Conce*t testing 3ositioning research Custo er satis'action research Branding research Brand equit) research Ad0ertising research Market seg entation Sales anal)sis R 7. &.E MA-SE&2M; -ESEA-C. 3-4CESS 2denti') the *roble >o**ortunit) and de'ine research objecti0es 6e0elo* the research design Collect the data (or in'or a$tion+ 3roces$s and anal)Ce the data 3resent the research 'indings R <. 6E:E943 &.E -ESEA-C. 6ES2;M>39AM 6EC2S24M A-EAS: 2ME4-MA&24M &F3E S4A-CES 4E 6A&A 3ri ar) 6ata Secondar) 6ata R 10. -ESEA-C. ME&.46S: 4bser0ational E,*lorator) 6escri*ti0e (or Sur0e)+ E,*eri ental SA-:EF -ESEA-C. ME&.46: Structured and direct wa) o' inter0iew Anstructured and direct 'or o' inter0iew Structured and indirect 'or o' inter0iew Anstructured and indirect ode o' inter0iew R 11. SAM392M; 39AM Sa *ling Anit Sa *le SiCe Sa *ling 3rocedure ME&.46S 4E C4M&AC&S Mail &ele*hone 3ersonal 2nter0iew R 1". 6A&A C499EC&24M ME&.46S Questionnaire Mechanical 6e0ices R 1%. C499EC&2M; &.E 6A&A 3-4CESS2M; AM6 AMA9FS2M; &.E 6A&A 3-ESEM&2M; &.E -ESEA-C. E2M62M;S>-E34-& R 1H. Microso't B"B Site Case Stud) B) Ale, Barnett 3ublished on Se*te ber 7/ "00H 2ntroduction 2n Eebruar) "00H/ Microso't AS launched Ad0isor/ an e,tranet targeted at business and technical decision akers in the id$ arket. &he end *roduct was the result o' o0er a )ear o' research/ *lanning/ design/ de0elo* ent and *ilot testing. A nu ber o' theories were 'loated