Abstract
This assignment is on Marketing Strategy. This paper consists of the marketing strategy of Rolls-Royce Ghost, which is the latest model of Rolls-Royce motor car, one of the most famous motor car brands in the world. This paper consists of product profile, market offering by this product, environment affecting this product, marketing mix, segmentation, targeting, and differentiation and positioning, SWOT analysis, Product classification, branding, pricing strategy and sales promotion of this product. This paper also offers the answer of some question, for what the customers will buy this product, how they capture value from the customers and so on.
Product Profile
The Rolls-Royce Ghost is smaller luxury 4-door saloon
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All that power is sent to the rear wheels through an eight-speed ZF transmission. The result is a 0-60-mph time of 4.7 seconds and an electronically limited top speed of 155 mph. * Best after sales service:
The Rolls-Royce motors offer the best care of your car after sales service by the most talented technicians of the world.
Environments affecting the marketing of Rolls-Royce Ghost
All of the components of micro and macro environment affects more or less to the marketing strategy of any product. For that, all of the forces of macro and micro environment do not have the same affect on Rolls-Royce Ghost’s marketing strategy. * Major actors in the Ghost’s microenvironment: * The Company: The company’s decision affect Ghost’s marketing * Competitors: Rolls-Royce has to create greater customer value and satisfaction than the competitors. * Publics: Marketing Strategy of Ghost should be affected by the financial people, Media publics and Internal publics. * Customers: Customers are the most important actor for Ghost. Rolls-Royce pays special attention to the customer’s demand and supply personalize car for the customers.
* Major factors in Ghost’s Macro environment: * Economic environment: The factor that affects the Rolls-Royce most that is the economic factor. Rolls-Royce Ghost operate their marketing activities most where peoples are rich and over rich e.g. Hong-Kong, Manhattan etc. it 's
Stopping, just as important as acceleration the ability to slow or stop quickly and safely are important traits of performance, this can be indicated by braking distance from a certain speed, where a shorter stopping distance is more desirable measure of performance. The Corvettes performance shows that it fits the great sports car mold. Speed, power and the ability to hug the road, are all part of the experience of driving a truly great sports car. The Corvette delivers in all these areas, it has a 0-60 MPH time of less than 5 seconds, and a time of slightly less than 14 seconds in the quarter mile. In the 525 foot slalom test an average speed of 47.9 mph was obtained. On the skid pad the Corvette is able to obtain 0.96 lateral g’s (Stewart, 2007). The Corvette’s stopping power is noted in its ability to come to a complete stop from 60 miles per hour in only 125 feet (Mueller, 1998). These performance measures may not be used in everyday driving, but the ability to stop quickly in an emergency situation is apparent, as is having enough acceleration to merge onto a busy highway, with the performance the Corvette has, these everyday tasks can be accomplished effortlessly and safely.
The macro environment is defined as the major external of uncontrollable factors which dramatically influence to the business strategies and impact its performance by Gupta (2013). The external environment scanning states to assist the organization realize the issue and understand the dynamic market. The interesting external environment analysis model is Porter’s Five Forces Model which consist of new entrants, buyer power, supplier power, treat of substitutes and rivalry (Julius, 2014). According to Holden, in term of rivalry, the extremely higher fuel consumption of Holden alert to the organization to lose its market share which causes to reduce the number of customers and its competitive advantage. At that time, the poor car’s performance
This paper presents a marketing plan for the Electric Car Corporation (ECC); a first mover in manufacturing an electric car in the United Kingdom. The paper starts with a brief introduction to the company, its product offerings, and areas of operations and then explains why a marketing plan is essential in the strategic planning process of an organization. Afterwards, the process of new product development at ECC has been discussed. The marketing plan starts with a comprehensive situational and SWOT analysis of the company as well as its new product offering. In this paper, the SWOT Analysis is done to analyze the company's core strengths, major weaknesses, potential opportunities and threats which can be helpful for its short term and long term marketing planning.
1st Body Paragraph: First of all, it is important to know what a ghost is. Ghosts are energy of sorts made of people that once lived. They have no idea that they have died and have not crossed over as of yet. There are lots of ways ghosts can make themselves known to us and how they can make people’s lives rough or even make people crazy. Who or what the spirit did or acted in life can determine how dangerous or gentle the spirit will become. Now that people can determine what a ghost is here are some different types of
The 645 horsepower that comes from the 8.4L V10 all-aluminum engine will take you from 0 to 60 in about 3 seconds and has a top speed of 193 MPH. The six speed manual transmission puts out 600 pound-feet of torque. It gets 12 mpg in the city and 21 mpg on the highway.
The effect of the macro environment on Famous Brands ability to perform by assessing and looking at the Macro environment with the use of the tool PESTLE and assessing how each macro factor has an impact on Famous Brands as a business and Famous Brands performance (either negative or positive) and what strategies Famous Brands could use in order to overcome the negative impacts on their business.
Identifying influencing factors of a company’s macro-environment helps in the strategic development and management within a company. The macro-environment outlines an industry and the competitive environment as seen in figure 3.1, (Gamble, Peteraf, Thompson, 39). Within the macro-environment there are the political factors, economic conditions, sociocultural forces, technological factors, environment forces, and legal/regulatory factors. All of these factors blanket the habitat an industry and its competition thrive in. Inside the industry and competitive environment there are five factors that influence an individual company. The five factors are suppliers, rival firms, new entrants, buyers, and substitute products. The biggest impact on a company are these five factors. For example, Under Armour focuses on their industry and competitive environment to survive and grow. Their strategy to win over the market share from Nike and Adidas consists of expanding a stable and original brand within record time, taking an innovative approach to their product line-up and brand-name appeal where the market seemed to be barren, and lastly, the company enters in the foreign market early on to establish its brand and influence markets outside of the US.
Creation, acceleration and emotion are the key components for any automobile industry to deliver its goods to the expected standards. General Motors, popularly known as GM has been a pioneer in the global autoindustry for more than 100 years. Developing from horseless carriages to the latest sports cars, innovations have always excelled at putting the world on wheels. In fact, there are a lot of exciting things to share about the company. GM’s corporation started in 1892 by R.E. Olds, with a solid financial foundation, which enabled him to produce great vehicles for customers and build a bright future for employees, partners and shareholders. GM slowly initiated its staff of experts in the factories which are located in different parts of the globe and acquired the brands like Chevrolet, Pointiac, GMC, Buick, Cadillac(General Motors Corporation, 2015). Leading the way is their tailored leadership team who set high standards for the company so that they can produce the best cars and trucks. This means that GM is committed to deliver vehicles with compelling designs, flawless quality and reliability, leading safety, fuel economy and commercial features. All are intended to create that special bond that can only happen between a driver and a vehicle. General Motors is a customer driven company and aims at earning customers
Volkswagen is determined to build a long trusting relationship with our customers and assist them in making the right choices for their everyday needs, by minimising fleets cost and providing world class customers
The financial crisis starting in 2008 and the following recession hit hard the US auto sector. Traditional car makers had to realise that substantial changes were needed in order to maintain their strong position in the
There are different methods to analyse the micro environment of the company but two only three of them are used in this report to analysis the micro element which affect the strategy of the company. The three analysis techniques used to study micro elements affecting the strategy of Mercedes Benz include
This paper will describe the details of a fictitious company and provided its background and will develop a marketing plan with a focus on segmenting and positioning its product and service. Thirdly, this paper will determine and decide upon at least one (1) foreign market for the product and service.; identify the marketing segment for the product and provide a rationale for this segment and discuss the target market and provide a rationale for this target market. Also, it will perform a SWOT analysis (strengths, weakness, opportunities, and threats) for the
The development of marketing concept from a Product orientation to a Sales orientation and finally a Marketing orientation has signified an important change in how we understand and conceptualizes marketing in the 21st century. It signified an increased focus in the behavior of consumers and how by applying different marketing strategies organizations have been able to influence the way in which consumers react to their potential needs and how marketers can change their strategy to target different consumers wants. An assessment has been made in this essay looking at the development of the Volkswagen (herein referred to as VW) polo hatchback model.
Micro-Marketing and Macro-marketing have to completely different meanings. According Basic Marketing the 9th edition by William D. Perrault, Joseph Cannon, and Jerome McCarthy define micro-marketing concerns the marketing activities of an individual firm, whereas macro-marketing deals with how the whole marketing system works (Perrault, Cannon, McCarthy 2014, p 526). I will be discussing organizational domestic and international, micro and macro marketing impacts on business and society, and identifying environmental elements that affect their marketing strategies.
Audi is one of the world leading luxury vehicle brand that is own by Volkswagen group. It enjoys the same reputation as BMW and Mercedes-Benz in the international market. In China, it expands rapidly during the past two decades. Currently, in the segment of vehicle market for business and governmental use, Audi has achieved satisfactory performance (Hua, 2010). The aim of this essay is to study Audi’s marketing strategy in combination with marketing theories. Firstly, its marketing activity in China will be introduced. Secondly, relevant marketing theories that can be used to explain the activities will also be described. Thirdly, whether Audi’s marketing strategy has achieved