Environmental analysis (PESTEL , 5 forces
Political
The political changes are likely to influence Whirlpool only insomuch it can affect the markets the company sells to , causing political instability that will wreak havoc in the economy . The company has already sustained , for instance , losses in South America - it can suffer more if the region experiences riots or major political upheavals
Economic
The organization is affected by the prosperity of people in the markets it targets that will translate into changes in both
replacement purchases and level of activity in construction companies
Economic activity will affect the relative weight of upscale brands such as KintchenAid as c compared to Frigidaire or Rapor brands
Social
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They have to be given new distinct images that will permit customers to take a new look at old things . New promotions have to be developed that will target consumers who previously would not have thought of buying a Whirlpool appliance
The brand value creation strategy can also be useful to Whirlpool in emerging markets where it will follow Market Development strategy Whirlpool goods can be introduced into the market in a new light that will parallel the brand image the company creates in its traditional markets . This will single out Whirlpool products from the rest of the market and make them an impressive novelty in these markets
Strategy selection evaluation (suitability , feasibility accessibility
The strategy of brand value creation can be tested for
Suitability : it can be poorly compatible with the current risk- and change-averse culture
Feasibility : the projected cash generation from the increase in brand value can be mapped out in to see whether this will be appropriate
Accessibility : the company can tests what marketing promotions and other measures it can undertake to make its brands work
Implementation (force field analysis , change kaleidoscope
The force field analysis has identified the
Whirlpool is the world’s largest producer and marketer of small and large home appliances such as mixers, food processors, washing machines, refrigerators, air conditioners, etc. Whirlpool also has a long standing relationship with Sears, which sells Whirlpool products under the brand name Kenmore. In addition to its North American presence (both manufacturing and sales), Whirlpool also has a strong presence in Mexico, and Europe. Being the largest producer in the world has helped Whirlpool to compete on lower costs through economies of scale and through its Global Procurement Organization (GPO). In addition, its large networks also help in
Johnny Cash said it best, “Of emotions, of love, of breakup, of love and hate and death and dying, mama, apple pie, and the whole thing. It covers a lot of territory, country music does.” Country music is everywhere, blasting from a lifted truck, a store, or a local bar, ranging from Classical country to Pop country. Country music is not just words written down on a piece of paper, they are more than that. The artists can write songs that most people can relate to. Alan Jackson and Luke Bryan are both very known country singers, but are different when it comes down to managing their careers.
World War I, the Great War, began on July 28, 1914, and ended on November 11, 1918. This war had a huge effect on each involved country’s people. The four major causes of the Great War were Nationalism, Militarism, Imperialism, and the alliances made before the war was even thought about. Nationalism and Militarism tie together very well; for example, Germany had a strong desire for world power, Weltpolitik, because of how amazing they thought their country was which caused them to be an Imperial and Militaristic country. In addition to Germany’s nationalism, the French had a desire for revenge over Alsace-Lorraine, the Germany-annexed territory that was taken in the Franco-Prussian War. The Alliances, Triple-Entente and Triple Alliance,
Catherine, W., Tat Pui, L. and Henrik, U. (2011) The Roles of Branding for a Brand Entering
At its early beginning, Whirlpool was a normal company in U.S; it started selling white good like refrigerators, stoves, washing machines, and microwave ovens. Its sells were $18 billion a year and growing 2 or 3 percent annually. Whirlpool is one of the market leaders of electro domestics, nowadays, not only in the United States but also worldwide. This is because Whirlpool sells 3 different lines of products that differ on prices but not quality: from Kitchen Aid, Kenmore/Whirlpool, and Raper and Estate.
The long-term strategy has been to build a global leadership business geared towards customer satisfaction and market expansion and will continue to benefit the company over time. Therefore, based on the Magnavox’s initiatives that touch on customers’ needs, the company has been able to commit to market-driven innovation. As such, the company has shown the ability to coordinate timelessness with message and consistency and thus offer creating, influencing, and facilitating unparalleled brand management. The value-creation strategy has been crucial in assisting the company manage its portfolio and allocate
The following slides contain an overview for a brand planning process. They are not meant to cover all elements of a plan for all brands at all the different stages of their lifecycle and should be seen as a starting point.
Our company’s competitive advantage over both domestic and international is brand equity. Brand equity is the value of a products brand in the market, or the number of consumers that can identify the brand, especially consumers who can name the brand as top in its category. Good brand equity is most often the result of effective advertising and promotion. On the international scene many brands have global equity, meaning consumers around the world recognize them because of the exposure the brand has had in various media, such as television and movies, as well as through their presence
We live in a day and age where marketing and advertising is stronger then ever. It is essentially in our face every where we turn, from the clothes we wear to the music we listen to and even the device we use to listen to our music. Marketing and advertising touches our lives everyday without our really ever even noticing it. Marketing professionals have a difficult challenge before them in figuring out a way to create a public interest, and a want for their products if they are to become adopted. Various marketing communications tools provide the means to which they will best reach the public. In the early 1990's marketing professionals for PepsiCo choose to heavily promote and advertise a new
It is important to understand that a brand is a key asset for a firm especially when it involves
From small businesses to large corporations, updating your company brand is a big project. Whether you've actively controlled your brand message or it has developed organically – virtually or through consistent consumer interpretation – predicting how your update will be received, and impact sales, can be more mysticism than science. Even companies with the deepest pockets have learned this the hard way. Remember "New Coke"?
In order to maintain brand equity, a company must perform a brand audit, which addresses the strengths and the weaknesses of the brand. The brand audit is a brand evaluation that assesses the company’s health. The company must look at every aspect of the brand, from the customer experience, products, and marketing. Marketers must conduct surveys and tracking studies about the brand in order to collect data from the consumers. In addition, a consistent marketing support should be done to continually reinforce the brand.
Renovation is not always the only way to add value to the business. Overcoming consumers expectation and creating the memorable experience can be achieved through the innovation, too.
In the marketing industry it’s always smart to take advantage of opportunities to gain more customers while at the same time looking for weaknesses amongst their competitors. These are the building blocks on which corporations strive to survive and flourish. Once a company has produced a flagship product they gain name recognition along with customer loyalty and a strong following, which usually has a deep connection to the company’s product. This connection is so immersed into a product they provide free advertisement via word of mouth, social media or the wearing of logos on their clothing.
The Whirlpool Corporation (“Respondent 1”), is a multi-national company incorporated in U.S.A under the laws of the State of Delaware. TVS Whirlpool Ltd. (“Respondent 2”) is a private limited company incorporated in India in which the Respondent 1 is a majority shareholder. Respondent 1 since 1957 had 2000 trademark registrations all over the world across 65 countries. In 1956, Respondent 1 obtained the trademark registration of “WHIRLPOOL” but in 1977 the trademark registration expired as a result of a failure of renewal.