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Product Compent Model (Shell 1)
- Support Services Component
- Repair and Maintenance
- Installation
- Instructions
- Other Related Services
- Legal
- Deliveries
- Spare Parts
- Warranty
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Product Compent Model (Shell 2)
- Legal
- Styling
- Brand Name
- Package
- Quality
- Price
- Trademark
- Packaging Component
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Product Compent Model (Shell 3)
- Core Component
- Design Features
- Legal
- Functional Features
- Product Platform
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Brand
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Family of Brands
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Refresh brand all the time
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Example is the IPhone and still selling the old one
- Apple is always changing the game. Make you go to them.
- Only so many upgrades
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Days of buying everything in one package are gone
- Apple Laptop
- Ilife
- Apple Care
- More and more separate products that are sold to you.
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Apple
- Genius Bar
- Learning and education center Not a Store
- Open 24 hrs in some locations
- Attracts all age groups
- Apple is MAC and MAC is Apple
- Product Placemnent in movies
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Big challenge is when a brand becomes generic
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When it becomes a verb
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Example would be Fed Ex or Need a Kleenix or Clorox(bleach)
- it becomes a neutral term
- Green MBA
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The customer does have a choice
- High cost vs low cost leader
- For a little bit less money you can buy tissues at Wal-Mart but have a red nose
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Leap Frogging / What does this mean?
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Strategy to being a "Me too"
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bugs have been worked out.
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No pressure to be the leader
- One someone is doing well - Everybody wants in
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Globalization
- Cause to build partnerships
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Politics and Steakholders
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PG&E
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BART
- SMAT Train
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xmas
- Macy's started the sales = more sales = more sales to the point of people baulking at 40% off
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Where does it all come together? What drives the market place?
- The science of it all
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Packaging
- Gold Fish Crackers
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Peperage Farm
- Family Brand
- Natural (beware of this term)
- 0 grams Transfat
- Whole Series (bike riding gold fish
- Product placement on shelves
- Look at how many brands have just gone away.
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New Product Development
- Idea
- Gate 1: Initial Screen
- Stage 1: Preliminary Assessment
- Gate 2: Second Screen
- Stage 2: Detailed Investigation (Business Case) Preparation
- Gate 3: Decision on Business Case
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Product Redundancy
- Means a back-up (Several different ways of looking at the same thing
- its the questions that you ask in marketing and business that make you successful