Today Project update Market demand forecasting Segmentation Case studies.
-
Upload
maryann-douglas -
Category
Documents
-
view
216 -
download
0
Transcript of Today Project update Market demand forecasting Segmentation Case studies.
![Page 1: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/1.jpg)
Today
• Project update
• Market demand forecasting
• Segmentation
• Case studies
![Page 2: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/2.jpg)
![Page 3: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/3.jpg)
Market Forecasting
• Demand / size of market/ consumption/ market forecast.. How big is the market demand ?
• NOT demand for your brand
![Page 4: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/4.jpg)
Estimating Market Demand
Historical DataHistorical Data
Local Production Plus ImportsLocal Production Plus Imports
Expert OpinionExpert Opinion
Irwin/McGraw-Hill
AnalogyAnalogy
8-10
![Page 5: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/5.jpg)
Market Forecast
• Data & judgement• Ultimately try to quantify• Current size & forecast• Per capita consumption best basis• Volume= per capita x population• Market value = volume x average price• Usually market forecast is in volume
![Page 6: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/6.jpg)
Market Forecast- historical data
• Last 5 years, on average 100k new cars bought in Austria p.a
• UK consumers eat 15 kg of chicken p.a.
• US consumers bought 900k espresso machines in 2002
![Page 7: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/7.jpg)
Market forecast- analogy
• Demand is proportional to some factor (eg. GDP for consumer durables)
• Demand for office air conditioning follows development of fax machines
• US and Japan GDP / capita same but car penetration 800 / 1000 households in US versus 550 in Japan.. Why ?
• Careful of using single factors in forecast
![Page 8: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/8.jpg)
Market forecast- analogy
• US and Japan GDP / capita same but car penetration 800 / 1000 households in US versus 550 in Japan.. Why ?
• Careful of using single factors in forecast
![Page 9: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/9.jpg)
Factors influencing Market demand
• Income ( GDP )• Relative price .. Price of category versus
prices in substitute cagegory• Advertising expenditure in this market ( total
compared to other categories)• Culture• Availability ( distribution)• Other eg. climate
![Page 10: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/10.jpg)
Market Forecast –Soft drinks
• Income
• Price
• Relative price v. other beverages
• Availability
• Climate
• Advertising expenditure in total market
• Cultural factors ( water, wine , beer !)
![Page 11: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/11.jpg)
![Page 12: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/12.jpg)
![Page 13: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/13.jpg)
Market Forecasting
• Ready to eat breakfast cereals in China
• Frozen vegetables in Brasil
• Cider in Austria
![Page 14: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/14.jpg)
Market outlook
Market attractiveness model
Competitive intensity outlook
Company capability
Attractiveness
Segment profitability
![Page 15: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/15.jpg)
![Page 16: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/16.jpg)
Market segmentation- why ?
• Companies divide large heterogeneous markets into smaller segments that can be reached more efficiently with products & services that match consumers needs.
• Consumers have different needs, perceptions, behaviour- suppliers should seek to meet these to deliver improved consumer satisfaction
• Companies can develop & manage the marketing mix more efficiently
• Commodities not segmented, all other markets can be segmented!
![Page 17: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/17.jpg)
Demographic
Psychographic
Behaviouristic
Geographic
BASES FOR
SEGMENTING
MARKETS
![Page 18: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/18.jpg)
Market segmentation
• Geographic segmentation.
– Very common method
– Based upon language / cultural/climate
– Eg. Foods, air conditioning, magazines
– Urban / rural markets
• Companies very often organised on national bases
![Page 19: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/19.jpg)
Market segmentation- Demographic
• Age- toys,vitamins, comics
• Life cycle-18-30, Saga,cruises,
• Gender- clothes, cosmetics, magazines
• Income- luxury brands, economy brands
• Social class- Butlins, Center Parcs
• Occupation- business magazines
![Page 20: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/20.jpg)
Market segmentation- Psychographic
• Lifestyle eg Y&R• Personality eg Honda scooters aimed at
young at heart• Hobbies- golfing , scateboarding, gliding,
chess• Nestle – energetic males & depressive
chocolate lovers
![Page 21: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/21.jpg)
Mindset types as a basis for consumer segmentation-Nokia
![Page 22: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/22.jpg)
GEODEMOGRAPHICSA combination of geographic, demographic and lifestyle information that identifies target market locations by several behavioural similarities
![Page 23: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/23.jpg)
Market segmentation-behaviorial
• Divides market into groups based upon their knowledge, attitudes or responses to a product
• Occasions- when buying or using
• FJ promoted outside breakfast usage
• Mothers Day for cards , flowers
• Benefit- find the benefits that consumers are looking for eg.toothpaste
• Usage rate- heavy , light buyers eg beer, frequent flyers
![Page 24: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/24.jpg)
Segmentation- Segments V Niche
• Segment bigger
• Segments have several competitors
• SUV is a segment; Land Rover, Suzuki, Shogun all other products in this segment
![Page 25: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/25.jpg)
Segmentation- TCCC
• Mass- Coca- Cola
• Product variety- Fanta, Sprite
• Target marketing– Diet Coke
– Cherry Coke
– Caffeine free
– Lemon coke
– Glass / PET / Dispensed/Cans
![Page 26: Today Project update Market demand forecasting Segmentation Case studies.](https://reader035.fdocuments.net/reader035/viewer/2022062423/56649e6a5503460f94b681dc/html5/thumbnails/26.jpg)
Manner brands / product categories
Brand CategoryManner WafersNapoli DrageesCasali Rum KokosCasali Schoko BananenVictor Schmidt MozartkugelHeller Pralines