Professional Documents
Culture Documents
PREPARED FOR
Jumana Rezwan
Lecturer. Brand Management
ULAB Business School
PREPARED BY
Axif M. Onik ID: 091011147
[25August 10]
Idea Screening:
Apollo introduced the Apollo A1 car to the first time in Bangladesh market
in this year, as the world’s first mass produced solar & fuel hybrid vehicle.
Apollo A1 combines two types of power- solar and Fuel to provide minimums fuel efficiency &
promote a clean environment.
The target market for the Apollo A1 is composed mostly of men/woman who is environmentally
conscious and lives in Bangladesh city areas. The target market considers other non-hybrid cars
before considering an Apollo A1, meaning that the market for hybrid vehicles is expanding to
buyers who might not be as concerned with the environment but who are more concerned with
easily use, available solar power, comfort, space & easily gone any where.
First: A DROP-error occurs when the company dismisses a good idea. It is extremely easy to
find fault with other peoples idea.
Second: A GO-error occurs when the company permits a poor idea to move into development &
commercialization. An absolute product failure loses money its sales do not cover variable costs.
Apollo A1 management can rate the surviving ideas using a weighted index method like that in
table. The first column lists factors required for successful product launches & the second
column assigns importance weights. The third column scores the car idea on a scale from 0 to 1.0
with 1.0 the highest score. The final step multiplies each factors importance by the product score
to obtain an overall rating. When follow our car idea scores 0.69 which place it in the good idea
level.
a Rating scale: 00-.30 poor, .31-.60 fair, .61-.80 good. Minimum acceptance rate .61
1 2
3 4
5 6
Apollo A1 never forget the first time you see one
7
Apollo A1 finds that solar energy car .This car designing an initial
marketing Analysis for introducing the car to the market. The market strategy statement consists
of parts.
Those seeking new technologies, who were early adopters in the market place. We focus Upper
middle class & upper-upper class customer.
The target market for the Apollo A1 is composed mostly of men/woman who is environmentally
conscious and lives in Bangladesh city areas. The target market considers other non-hybrid cars
before considering an Apollo A1, meaning that the market for hybrid vehicles is expanding to
buyers who might not be as concerned with the environment but who are more concerned with
easily use, available solar power, comfort, space & easily gone any where.
The products planned, distribution and marketing budget for the first year:
The Energy car will be offer two type of colors- Black & White and will have air-condition and
extra petroleum power operated. It will sell at a retail price of 26, 00, 000 BDT including custom
duties with 12 percent off the list price to dealer. Dealer who sell more than 15 cars per month
will get an additional discount of 5 percent on each sold the month. Advertising budget 50 lac
BDT during the first year.
Marketing mix
Product (car): Our car (product) Apollo A1 solar energy car is always provides environmentally
sustainable transportation and save operating cost for the customer. Ergonomically designed with
a streamlined centre console the Apollo A1's instruments and controls are visible at a glance.
They provide all the information you need about the car's operations and performance. Clear,
Price: In order to get some idea on which needs are the most important in Bangladesh, a total of
96 people have been interviewed on their perspectives on the importance of physiological needs,
safety needs, love (belonging), esteem, and self-actualization. These 96 people represented three
social classes: lower class, middle class and upper class. Each class was further divided into two
groups (lower and upper), resulting in a total of six class categories:
1. lower-lower class,
2. upper-lower class,
3. lower-middle class,
4. Upper middle class,
5. lower-upper class, and
6. upper-upper class.
Each of these six classes was represented by exactly 16 people.
When we valuation of A1 car price this time also observe society physiological needs, safety
needs, love (belonging), esteem, and self-actualization because when just indicate income level
so if I focus one rickshaw puller per day income 2000 (august 2011 survey) as a result indicate
middle class but he not full fell every need so society prospective he indicate lower class people.
Bangladesh City Data result basis Upper- middle class income level BDT 60, 000 to 1, 00, 000 &
Upper-upper class income level 1, 00, 000 +. Apollo A1 car selling price are BDT 26 lac, that’s
why we division buy our car two class of people Upper middle class & upper-upper class.
We want to precedence our customer so A1 also provide Discount, Credit terms & Payment
period facility.
Promotion: While we maintain our business focus taking the nation remains our top priority.
Thus our relationship with Bangladesh is built on a partnership, which strives to achieve
common economic & social goal.
Our social investments are consolidated in three main focus are namely.
Healthcare: Almost half of the country population lives below line & are deprived from
primary healthcare. So Apollo A1 provide free health care service for economically
disadvantage pregnant mother & Organizing eye care service for rural living people.
Education: Apollo A1 CSR education initiative is to provide access to education &
information.
A1 use the various aspect of marketing communication that is the communication of information
about the car with a goal of generating a positive customer response. Apollo A1 use TVC for the
advertising. After Sales Promotion A1 provides two year car servicing cost will 20 percent
discount for customers and car washing.
Our Apollo A1 brand Elements try to maintain must be chosen with the six general criteria of
memorability, meaningfulness, likability, transferability, adaptability & protect ability in mind.
Logo Design: Try to reflect Apollo name focus on the logo & also reflect staring wheel & logo
design indicate smiling sun that protects the environment.
Adaptability: Apollo try to focus some different to customer that’s why logo indicate one smiling
sun to light every place & protect environment happily. Because this A1logo easier it is to update
it to changes in consumer values & opinions.
Protectability: Apollo A1 car every system are unique & first time solar + fuel car in the world
so we can legally protected internationally.
Our car design different than other car because these car terraces cover solar sticker & insight
decoration luxury different than the other car.
Salience: “I need a car to get around town/Transportation. Apollo A1 (Solar + Fuel) car.
Judgment: The car drives as well as a fuel & also solar powered engines.
Resonance: Price is the best choice if you care for the environment.
Estimating total sales: Apollo A1 car is one of the infrequently purchased product so its show
exhibit replacement cycles dictated by physical wear or obsolescence associated with changing
style, features & performance but A1 by now not sale in market so clearly don’t know its
estimating total sales.
Row 1 shows projection sales revenue over the five periods. The company expects to sells 193
car BDT 500 million in the five year. Behind the projection is a set of assumption about the rate
of market growth the A1 market shear & factory realized price.
Row 2 shows the cost of goods sold which around 33% of sales revenue. We focus this cost by
estimating the average cost of labor, ingredient & packaging per case.
Row 3 shows the expected gross margin the different between sales revenue & cost of goods
sold.
Row 5 shows the estimating market costs over five year period to cover advertising, sales
promotion.
Finally row 11 shows the cumulative discount cash flow, the accumulation of the annual
contributions in raw 10. Two things are of central interest. First the maximum investment
exposure, the high loss the project can create. The company will be in a maximum loss position
of BDT 192.50 million & a possible payback period of three & a half years.
We use other financial measures to evaluate the merit of a new product proposal. We also use
breakeven analysis which estimates how many units we try to must sell to break even with the
given price & cost structure. Apollo management department believe sales could easily reach
the break even number, it is likely to move the project into product development.
Product Develops:
Our A1 companies focus on incremental innovation. Because we believe
incremental innovation can allow companies to enter new markets by tweaking product for new
customer.
Our car are 100% environmental friendly not harmful to the environment. Because Bangladesh
some city Dhaka, Chittagong are air pollution level raise day by day so when you see the
polluted result you see this city are not people be alive after 10 year late, that’s why our car
development to the future plan biases because Apollo always try to realize people insight claim
& also how to generate sustainable progress to present up-coming generation.
Brand name: Our Apollo A1 brand names try to maintain must be chosen with the some general
criteria of memorability, meaningfulness, likability, transferability, adaptability & protect ability
in mind.
Brand association: We spicily focus When any buyers buy A1 car customer emotional response
& reaction to the brand because buyers believe he/she the part of develop green future to the next
generation.
Characters: We use special types of Apollo A1 symbol, one that takes on human or real life
characteristics because every people believe & respect god that’s why use Apollo name /sun
design.
Quality:
Anti-lock brakes: ABS brakes automatically sense when a tire has stopped rotating under
extreme braking, and will modulate the brake pressure to allow the tire to rotate. This increases
the vehicles ability to turn while braking.
Stability control: Stability control automatically senses when the vehicles handling limits have
been exceeded and reduces engine power and/or applies select brakes to help prevent the driver
from losing control of the vehicle. Front-impact airbags for the driver and passenger have been
designed to protect the head during a frontal crash.
Pretension: Seatbelt pretension automatically tightens seatbelts to place the occupant in the
optimal seating position during a collision. Anti-whiplash head restraints actively react to rear
collision forces and cradle the occupants head in an effort to reduce the likelihood of a whiplash
injury.
Security system: The vehicle is equipped with an ignition disable device that will prevent the
engine from starting if the correct original manufacturer key is not used.
After sale Services: When buyer buy Apollo A1 car this time our company provide One day
training service in the driver how to drive this car because Apollo A1 believe safety is the main
part of customer life movement. Our supply target area are Dhaka, Chittagong & Sylhet because
this area people buying power high than the other part.
Apollo car provide free one year car wash facility because we try to when buyer buy a car this
time buyer are not buy a car this time buy a little dream so we know how can a dream make
true.
Test Marketing:
The main focus ultimate way to test a new consumer is to put it into full
blown test markets. So we choice a few representative cities & the sales force try to sell the trade
on carrying the produce & giving it good shelf exposure. We use on a full advertising &
promotion campaign similar to the one it would use in national marketing. We are also measure
the impact of alternative marketing plans by varying the marketing program in Dhaka,
Chittagong & Sylhet cities.
When we track Bangladesh Seven (7) Division so we try to convert population to samplings
because our not possible to distribute all area first time.
Decision 1: We have selected three cities & also tag on the grater chance of test market
interference by competitions.
Decision 2: Our select Division is Dhaka, Chittagong & Sylhet.
Consumer panels will indicate which people are buying which brand & their loyalty &
switching rate.
Product Development
Introduction,
Growth,
Maturity,
Decline.
Our car are 100% environmental friendly not harmful to the environment. Because
Bangladesh some city Dhaka, Chittagong are air pollution level raise day by day so
The target market for the Apollo A1 is composed mostly of men/woman who is
environmentally conscious and lives in Bangladesh city areas.
The Energy car will be offer two type of colors- Black & White and will have air-
condition and extra petroleum power operated. It will sell at a retail price of 26, 00, 000
BDT including custom duties with 12 percent off the list price to dealer. Dealer who sell
more than 15 cars per month will get an additional discount of 5 percent on each sold
the month.
Competition: We will introduce a energy saving car, which is totally new for
Bangladeshi customer. So we have to struggle to setup/survive in our business market
Marketing Objective: Expand the market share Apollo A1 Brand like foreign
country impact people.
To attract new customer group, we will design new model and develop our technology.
Our promotional activity, CSR etc. will increase until our company reached in a cash
cow position. Because this is the easiest way to go to customer as nearly.
Rising profits: profits will be increases according to growth of sales.
Early adopters are targeted: to continue our growth stage we will focused young
generation.
Price: We will increase or decrease our Car price based on inflation and
additional feature.
When our product will reach the stage when those convinced people are buying the
product this will indicate that our product is at its mature part. This convinced people
are like people who had their concern by word of mouth.
After the maturity level, Decline will begin. So manager have to decide an alternative
strategy to continue or eliminate his business.
High profits: in this stage sell will be highest and also profit.
Competition begins to decline: if there is any competitor comes with the baby
food in market then our product sell will be decreases.
Product – We will strongly eliminate old model car, whose are burden to this
company. .
Decline: When the sales are decline and profit also decline, then company or brand in a
decline stage. This stage is the last stage of whole product life cycle.
We may chose “Fortify and defend strategy”. Under this strategy, we will use variation
of our present stage and fight heard to keep sales, market share, profitability and
competitive position.
Price – Price will be decrease to attract new customer.
Marketing Objective: to increase sell and offer same brand car with different
feature.
Branding Objective:
A1 Branding objective to hold the completive advantage in the market place based on
market mechanism with the legal and social frame work aims to attain the mission
reflected by our vision. A1 want Branding worked to build an off- deck mobile platform
Branding Strategy:
A1 Brand Strategy is large scale future oriented plans for interacting with the
competitive environment to achieve company objective.
New Existing
Ex
ist Franchise Extension Line Extension
in
g
Prices Strategic:
The final key to a successful value-pricing strategy is to understand exactly how much
value consumers perceive in the brand and thus to what extent they will pay a premium
over product costs. Well we will try to present new technological car in Bangladesh
market that will definitely meet our customers’ expectations. We will try to make a
balance of the value that we are giving & the prices that we are charging so that it meets
customer’s perceived value.
A1 Brand believe price is the one revenue generating element of the traditional
marketing mix & price premiums are among the most important brand equity benefits
of building a strong brand. So our A1 brand is new but tries to build our brand better
position in Bangladesh compotator market.
Relevance: This Brand related to the Greener Future plan & also one country people
demand. A1 Brand tries to shares in the power of collective dream. Because it is only
when we are united can a nation boldly step up & reach towards a better future. The
power of collective dreams gives us hope, brings us together.
Distinctiveness: A1 never forget the first time you see one. A1 car Brand first solar/fuel
car in Bangladesh & world.
Customer Mindset:
Brand association: our Brand is fully associates with our targeted customer. because our
Brand is for the people who has who might not be as concerned with the environment
but who are more concerned with easily use, available solar power, comfort, space &
easily gone any where. So we are here to associates our product with our targeted
customers and fulfilling their needs by satisfying with our Brand & services. We have
strong, favorable and unique point of parity which is our A1 car first solar car & have
strong point of differences by promote clean environment.
Brand attitude: our A1 car quality is best. Though we are giving solar & Fuel to provide
minimums fuel efficiency & promote a clean environment so there is no doubt about
our car quality and getting satisfaction signal from the customers. We are giving new
technology A1 car in Bangladesh market because we think our brand will get positive
judgments and feelings and images.
Competitive reactions: Our A1 solar car technology is new & also promotes a green
environment. Though we don't have any competitor yet but in future may come others
brands with same type of solar car. So we will be prepared from before and will take
some backup plan for welcoming our competitors. Our effective market investment,
competitive advantages and perceived quality is our strongest part of our brand which
Channel support: We have full channel support of 3 divisions (Dhaka, Chittagong &
Shylet) & have lots of dealers throughout the country. So we believe we have strong
channel support for capturing the market place & compete with our upcoming
competitors. We think that channel support is the big support for capturing market.
Customer size and profile: our main customer is the target market for the Apollo A1 is
composed mostly of men/woman who is environmentally conscious and lives in
Bangladesh city areas & the parents who are in the Upper-middle & Upper class
income which is between 60,000 + & we believe first time our market is so small but
huge customers demand.
After fulfilling all the market conditions now we can capture the market & increase the
market share for increasing market share we can expand our business or can go for
brand extension.
Channel Distribution:
We distribute our channel a point of different ways. Our Head Distribution Point will
be established at Dhaka, which is controlled First 3 Divisional Distribution Point. And
Divisional Distribution Point controlled General Distribution Point or general dealer,
which is situated almost near the people. Then Distribute other Division.
HDP
GDP GDP
GDP
General General
General
Distribution Distribution
Distribution
Point Point
Point
Media Plan:
Advertising can be defined as any paid form of mass communication & promotion of
ideas, goods, or services by an identified sponsor. Advertising plays an important and
often controversial role in contributing to modern human life & also brand equity.
On the other hand Sales promotions can be defined as short-term incentives to
encourage trial or usage of a product or service.
A1 Launching:
When we successful & complete all the above strategies, we believe we will be able to
launch our A1 car Brand named “Apollo A1” (never forget first time you see one) in the
market without any uncertainty. We think If this A1 Brand, comes to the market at this
point, success is must as for recession & other economic issues, prices of all necessary
product has risen too high. But when we built our Brand customer mind set, it’s not
forgettable to the consumer/buyers.