Nanda Home is one of the successful creators of innovative new products but some grievous problems arising recently. We are market researchers writing this recommendation essay aiming at presenting the analysis of observations regarding of the failure to continue the attractiveness of its products. By using branding goals including awareness and image to measure its marketing strategies, this summary will focus on the possible reasons for its failure and provide suitable recommendations for Nanda Home to effectively brand the company and Clocky in Argentina’s market based on its demographics and cultural values.
Buoyed by the media coverage and customer interest, Nanda’s business idea was expected to be successful in the market. However, Nanda Home failed to maintain its reputation as sales started to decline from about 2.2 million in 2007 to less than 1 million in 2009. The reason for the failure may be explained by using branding goals. In term of awareness, Nanda relied too much on promotion by media rather than launching marketing campaign. The message delivered by media may not be in line with the company’s vision. Also, retailers refused to display Clocky with demonstration to show potential customers how the clock works and its unique feature to move around. Some retailers even only sold Clocky during special occasion like Christmas. This decreased the product to reach wider number of buyers. Moreover, Nanda failed to build a positive image for her company and her
In term or product, Unilever should develop this new brand by modifying the formula of Campeiro and thus meet the expectations of cleanliness and fresh aroma of the low-income consumers. Even if consumers prefer cardboard boxes, the new brand will be sold in a plastic sachet since the packaging does not count a lot in the decision criteria process. This new brand should be priced at 1.8. (see Exhibit 2) just a little bit above Campeino price to show the quality of the new product. Unilever will have to maintain low margin for its new brand to reach its target but can reach profitability with high volumes of sales. In term of promotion, Unilever should position its new brand as a very effective product which can be used in everyday life. Advertising should show the satisfaction of a consumer while washing it clothes. In term of communication expenditure, a 70% below the line should be used since we are targeting the low-income segment. Besides it will cost less money to Unilever. The packaging has to be very simple and be different in term of color with the ones of Omo and Minerva. Finally Unilever will sell this new brand in the specialized distributors since it is the distribution channel where low-income consumers shop.
The report entitled “A STUDY OF BRAND MAGGI” deals with study of maggi brand that was launched in India in the year 1983, by nestle India limited. This research tries to find out how the consumers are influenced with the brand maggi by studying the strategies adopted by nestle maggi and to analyse how far the consumers are satisfied with the brand maggi. This research is an insight into the mind of the consumer, with the help of which the organizations will become aware of their reasons for their falls and in turn can make improvements in the product regarding the level of satisfaction of the consumers towards their offerings in the market place.
The company has launched a new line of products in a bid to improve its competitive edge in the retail industry. In addition, the new line of products aims at meeting the demands of customers at all levels. The new line of products includes products such as vegetables, deli services, kitchen essentials, designer clothes, and décor products. These products are targeted to a certain group of
Customer’s perception about the particular product is defined as a brand image. In recent days, building a strong brand has been proved to bring financial rewards to organization and becomes a top priority. It is regarded as hard core of any products and services, from small fruit juice shop to multinational organizations. The food manufacturing companies
According to her, marketing helping companies build a formal brand of a company which will lead consumers to get use to the company and build a good relationship with it. During the late 19th and early 20th century, the main focus was on advertising new products, and because of mass production, companies would create similar products resulting in companies competing for consumers. Furthermore, she discusses that the concept of branding had be relevant in the early 1880, and nowadays selling an image or lifestyle is crucial for a firm (2000). Though Klein backs up her claim by using exams from the mid and late 20th century, they are still very relevant today. Branding is much more important than advertising. No longer are advertisements found allover the place, instead if a consumer knows a brand, they are more likely to remain faithful to that brand. Brands still create familiarity and emotional ties between consumers and companies. Overall, it is evident that the brand is more important than the product (Klein,
Successful brands build successful products when the product is one that the consumer desires as opposed to needs. Companies selling these types of products must put additional effort into marketing activities like brand
Nanda must consider a means of effectively continuing the current buzz about Clocky and communicating product information to interested consumers through her website and media outlets. She also needs to avoid having her product get too much exposure, which could lead to a backlash and “fad’ status.
Upon graduation from Santo Tomas, I was blessed to have begun a promising career in marketing. As a brand supervisor for CDO Foodsphere Inc., one of the Philippines’ largest consumer goods companies, I handled the brand development and marketing of several brands and was in charge of a $1.2M budget. From the time I took over my brands until I left, each of my brands experienced at least a 25% sales
This report analysis the strategic branding policies of the online retailer ASOS and comprehends its position in the global market. It evaluates the standardisation and adaptation techniques ASOS employed to become the no.1 online retailer in the world. The company vigilantly practices standardisation and adaptation in its brand architecture and distribution channels. Its branding policies have made way for its accomplishing market dominance. ASOS approaches the market with a faultless differentiation technique through its
Branding is a tool to make the goods of one producer different from another producer (Keller, 2003). Carroll (2008) asserts that branding is a sign of quality, and it is helpful to increase
On the demand side, the corporation focuses on the ways in which it can seek sales maximisation of the branded product. The efforts of the corporation and the institution of marketing combined ensure effective consideration of the ways in which spending can be increased, simultaneously looking at how constraints in relation to spending can be relaxed. To do this, involvement with active persuaders is undertaken so that commercial messages can be produced; in line with the process of product branding, content and brand image are considered here.
HENRY’s (high earners, not yet rich) will be the primary focus of Netita’s market strategy. They make up 70% of the customer base, including the sub-segments. Status and exclusivity are not reasons they purchase a brand, but tend to purchase on product attributes such as form, function and quality. Considered to be technologically savvy, they prefer effortless transactions.
Based on leveraging this consumer psychology, Nanda can greatly increase the value of CLOCKY’s brand. Consumers are willing to pay a premium for CLOCKY mainly because of their rational benefits (CLOCKY’s functionality, trust of Nanda, Quality, Familiarity and Availability of CLOCKY), emotional benefits (their personal preference to own a fun wakeup device – CLOCKY) and symbolic benefits (meaning of owning a CLOCKY as a fun, good-to-look, fashionable gadget)
The marketing for these electronic products are missing the mark (2011). The advertised product focuses on the technology (2011). To the average consumer this may be quite interesting and at the same time daunting (2011). Manufacturers and advertisers offer the technology as the sells hook for there product (2011). Yet all of this technology causes apprehension among buyers (2011).
Moreover, Clocky’s furry exterior (in the original prototype), revolutionary technology application and playful nature lend it a high internal consistency with the “fun segment” customers who seek out these distinctive features which not found in traditional, existing products (Clocky is the first alarm clock with “pet-like” habits). The only concern associated with Nanda’s targeting Clocky to the Fun Market is the risk of Clocky being confused with a fad, which has a very short acceptance period and tends not to satisfy a legitimate, strong need. However, it is possible to recognize fads early and leverage its popularity into a product with a staying power, for example by