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Marketingproject 171113074651
Marketingproject 171113074651
• Decline
– Few years a back Woodland decided to open their store in Tier 1 and Tier 2 cities.
It opened a store each in the retail high streets of Jaipur and Udaipur, both well
known, well to do cities, but the store flopped. There just weren't enough buyer
and had to shut so Woodland decided to stay far away from smaller cities for few
couple of years.
PRODUCT LIFE CYCLE (Contd.)
MATURITY
1. T.G becomes loyal to the
brand
2. Sales volume peaks and
GROWTH market saturation is
reached
3. Increase in competitors
1. Costs reduced due to entering the market
economies of scale 4. Prices tend to drop due
2. Sales volume to the proliferation of
increases
significantly
competing products
5. Brand differentiation
DECLINE
3. Profitability begins to and feature 1. In this stage consumer
rise diversification is
INTRODUCTION 4. Public awareness
increases
emphasized to maintain
or increase market share
loses interest in the brand.
5. Competition begins
1. Costs are very high to increase with a few
2. New designs of shoes are new players in
establishing market
VOLUMES)
launched 6. Increased
3. Little or no competition competition leads to
4. Demand has to be created price decreases
5. Customers have to be
GROWTH (E.G. SALES,
LAUNCH
DEVELOPMENT
TIME
7 P’s
• Product: Woodland as a company finds out what customer need or want and then
develop the right product, with the right level of quality to meet those needs now and in
the future. Woodland shoe provide value to the customer. Woodland shoe gives their
customer what they want and not what the company thinks they want.
• Price: Woodland shoe is worth what customer are prepared to pay for it. Woodland
thinking of price as ‘cost’ to the customer helps to underscore why it is so important.
Pricing positions of woodland shoe in market place is the more they charge, the more
value or quality customer is expecting for their money.
7 P’s
• Place: Woodland shoe outlet where customers buy a product, and the means of
distributing their product at that place, is very appropriate and convenient for the
customer. Woodland shoes are available in the right place, at the right time and in the
quantity, while keeping storage, inventory and distribution costs to an acceptance
level.
• Process: The process of giving a service, and the behavior of those who delivers are
crucial to customer satisfaction. Customers are not interested in the details how your
business runs. What matter to them is that the system works.
• Pace: It’s a speed of the product how the market adopts the Woodland Shoes. The
demand of the woodland shoe in metro cities and followed by Tier 1 and Tier 2 cities.
The distribution level of the Woodland shoe is also very high .
7 P’s
•The quality of the Woodland shoes, the design the
PRODUCT physical aspects are the features that talks about the
product
•The various places where the product is available, such as
PLACE the retailer, the whole seller, the internet, multi- channel,
etc.
•The amount or price at which the product is available to
PRICE own it. The price should be not too high nor too low, it
should be valuable to the customer who will purchase it.
•The advertisement of the brand on various mediums, such
PROMOTION as TV, radio, internet, offers, discounts, endorsements, free
gifts. Etc.
•The people in this context are the management,
PEOPLE employees of the shop who have to be well trained so that
the customer feels friendly to come again for shopping,
And also the customers are people
PROCESS •The entire process in which the product is being
manufactured, the way it is being displayed in the retail
outlets, etc. are the major components .
PACE •Speed of the market introduction and acceptance of a
product.
STP
TARGET
SEGMENT POSITIONING
GROUP
STAGE 3
-Generate profit. STAGE 4
-out-dated products. -declining market
-highly competitive
Woodland shoe
price fall Woodland shoe tried to
because of open New stores but failed
competition
REFFERENCES
• http://www.mbaskool.com/brandguide/lifestyle-and-retail/2435-woodland.html
• http://www.woodlandworldwide.com/wnew/faces/fe/jsps/aboutUs.jsp
• http://www.rediff.com/money/special/spec-woodlands-strategy-for-
success/20101018.htm
• http://www.woodlandworldwide.com/wnew/faces/fe/jsps/woodfaq.jsp