Porsche Q+A of group 1
The buying decision process:
Need recognition Information Search Evaluation of alternatives Purchase decision and Post purchase behavior
Question 1
Analyze the buyer decision process of a traditional Porsche customer.
The traditional Porsche customer, follow the first stage
1) Need Recognition. Most of the traditional Porsche customer is a financially successful people who see themselves entrepreneurial. They are highly demanded. They buy the car to stand for their lifestyle. And the customer started
2) information search for the car, most of the customers will draw to Porsche. They admire their Porsche because it’s a competent performance machine without being flashy or phony.
3) Purchase decision:
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Question 4
Explain how both positive and negative attitudes toward a brand like Porsche develop. How might Porsche change consumer attitudes toward the brand?
There’s obviously the group of people that can afford a Porsche, and a group of people that can’t afford a Porsche, people can take a specific attitude towards Porsche that could be negative, because they can’t afford a Porsche. And these specific people can irritate themselves about the people that can afford a Porsche, just to show off or use it as a reflection of their self-image Porsche makes cars that are obviously not for everyone, they are very expensive. Porsche focuses itself on a specific market. Rich people. But, Porsche can change consumer attitudes towards the brand. In the 1970s came Porsche 914, this car was a lot cheaper than the 911 and that meant that a Porsche could also be affordable for a different class of people, what meant that their attitude towards the brand could change. Porsche did a couple of years ago exactly the same. But then this affordable version was called the cayman ( which cost 67.049), it was also a very nice sports car, but a little bit tinier, and less faster than the 911(which cost 112.000) or the carrera (which cost 122.300) . But
Today’s society judges people on the type of car you drive. Society does not like to admit to this but it is very true. Manufactures know this happens and targets their markets by these thoughts. Anyone who drives a nice vehicle is thought to be wealthy. No one wants to be seen driving an unattractive piece of junk because of what other people will think of him or her. Consumers also just feel better when they are driving a nice or new car, if makes them feel better about themselves.
They have specific qualities they search for in cars, like affordability, quality and durability. They are vey conscious about safety and low price, and don’t have brand loyalty.
Demand – Customers are loyal and identify with the HD brand. Currently demand outmatches supply, so HD is considering whether to raise prices or expand capacity via various options.
The situational analysis is done to analyze the different environmental forces that can affect the sales and acceptability of the new product. In the later sections, the marketing objectives, the target segment for the new car, action programs, and marketing mix (product, price, promotion, and place) have been discussed in a view to set a roadmap for the company on how it can better market and sell its product to the most potential segment of the consumers. The marketing budget has been presented to give an estimate of the expenditures and expected revenues for the year. Finally, the ethical considerations for the marketing plan have been discussed which are also
A disappointing financial past does not have to wreck your future. For more information on bad auto credit loans in Boaz, work with the team at Howard Bentley Auto. Howard Bentley Auto has helped buyers from all around the area secure and keep transportation that makes their everyday lives easier.
On 02/09/2016 at approximately 2130 hours I was assisting Officer Reed with a theft investigation (2016-0573). During the course of this investigation it was determined that Mercedes Jaco was the suspect in the aforementioned case. Jaco was placed under arrest for the theft and warrants. While speaking to Jaco it was determined she had information pertaining to an abandoned vehicle nearby. The vehicle was parked in front of the residence at 2522 Sherry Ln. The vehicle was a white 1992 Toyota Camry bearing Mo License (WG2L9D). The vehicle had a busted windshield, the steering column was busted, and the interior door frame of the driver's side door was missing.
Porsche is a tradition and a legacy all by itself. The competitive positioning of the Boxter is associated with the brand name. Porsche’s luxury and lifestyle brand are luxury personified in terms of the technically superior design. The long term success of the brand is only due to its designing and technical competence to deal with the super luxury definition.
(1) Summarize and justify alternative scenarios (i.e., compelling stories about the future) ranging from pessimistic to optimistic with regard to market performance of hybrid cars.
1908, the year that Henry Ford began producing the Model T, which was the first vehicle that American’s could economically afford to purchase (Henry Ford). In addition to the first affordable vehicle, it is the year that young and old alike began dream about owning vehicle s. By the year 1963 the dream of the young and old began growing; the vehicle s they were now dreaming of driving at the speed of lightening and had looks that attracted numerous people to it, the Porsche 911 (Porsche). Porsche began to modify the playing field as to what a vehicle should be. The Porsche 911 was not only a vehicle that exceeded popular opinion, it was also a vehicle that would continue for 52 years later. This Porsche ad encourages consumers whom are smart, savvy, and sophisticated to purchase the Porsche 911 by using black and white photography, connotative phrasing, and hyperbolic statements.
According to the respondents’ perceptions, the infinity G20 and the BMW 318i are almost a like. BMW’s attractiveness is slightly higher. Both cars fall into the category of the best-built cars. Subsequently, respondents think that the two
America did not alone invent automobile, but America had been the leader in the automobile technology and manufacturing for several decades. During that time, American automobiles shared their technology and know-how with Japanese and German manufacturers. And, American companies did not pay a great attention to what Japanese and German manufacturers have learned from their American counterparts. During 1940s,
1) The buyer decision process of traditional Porsche customers relies on the motivations that determine these people to select this brand. Their purchasing decision process is based on the exclusivity of the brand that is connected with the car owner. In their opinion, by purchasing a Porsche, traditional customers purchase the exclusivity and luxury associated with the brand. These customers want to purchase a car that reflects their social status and their financial power. In addition to this, they are not interested in the utility of the car, but in the characteristics that differentiate it from utility cars. These traditional buyers are rather interested in their feeling while driving a Porsche in comparison with the size, price, or fuel economy of the car.
Porsche is one of the most well-known brands in the world. In customers' minds, Porsche stands for exclusivity, class, and high quality. The company's marketing strategy is oriented towards identifying the needs and preferences of a small group of customers and on developing car models that satisfy these needs. However, Porsche was forced to introduce several models on the market that were not in accordance with what typical customers of the company usually prefer. These models refer to lower-priced cars, but also to high class SUVs like Cayenne and Panamera.
However, due to its unique targeting strategy, it has not win compatible brand recognition among the public. Although Audi enter much earlier than BMW and Benz in the luxury car market, its marketing strategy limited increase of public brand recognition even Audi has over 100 years’ history. Besides, although its styles are highly accepted by the targeting customers, there are a growing number of people who can afford luxury cars for family use in China. Lack of vitality is limit of its further market expansion. On the contrary, its major competitor in China, BMW, has launched a series of marketing strategies to promote its high-performance, manoeuvrability, as well as stylish design to attract young people (BMW, 2009) in order to expand its market share. Therefore, although Audi has achieved success in the targeting market, it may consider further development through diversification in product line and advertising campaign.
Consider the overall communication strategy of Toyota, including its strategic intent and positioning, the themed messages and message styles in Toyota’s communications. Given the challenges ahead for Toyota, how would you change the communication strategy in terms of strategic intent, themes messages and message styles?