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Product Life Cycle
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Stages
- 1. Introduction
- 2. Growth
- 3. Maturity
- 4. Decline
- Product Class
- Product Form
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Diffusion of innovation
- 1. Innovators (2.5%)
- 2. Early adopters (13.5%)
- 3. Early majority (34%)
- 4. Late majority (34%)
- 5. Laggards (16%)
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Management
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Product Modification
- Product bundling
- New characteristics
- Changing value offered/repositioning
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Market Modification
- New customers
- Increase product's use
- Creating new uses
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Marketing Channels
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Supply chain partners
- Upstream partners
- Downstream partners
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What they provide
- Information
- Promotion
- Contacts
- Matching
- Negotiation
- Physical distribution
- Financing
- Risk taking
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Structure and Organisation
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Types
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Direct
- Advantages:
-Channel control, quicker response, lower costs
-captures more value in the value chain
-avoids channel conflict
-direct contact with customer need
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Indirect
- Advantages:
-Convenience; one-stop shopping, greater availability
-middlemen may perform functions for the manufacturer
- Indirect Electronic Marketing Channels
- Hybrid
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Channel conflict
- Horizontal conflict
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Vertical conflict
- Disintermediation
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Factors affecting channel choice
- Environmental
- Consumer
- Product
- Company
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Distribution types
- Intensive distribution
- Exclusive distribution
- Selective distribution