Professional Documents
Culture Documents
1. Evian Natural Mineral Water is a luxury and expensive bottled water brand.
It was founded in 1829 and their products were bottled in glass containers
until 1969. It is now owned by Danone, a French multinational corporation.
Evian’s brand & image has been affiliated with celebreties for more than 20
years. Its product is distributed in 7 countries: US, France, Belgium,
Germany, Canada, Singapore, and Japan.
Legal: Seven countries allow the import of Evian bottled water. In addition,
large conference programs also use products of the brand.
- Understand the profound value that Evian brings. Outside the value of
"pure" water. For example: In Singapore, it is possible to drink water
from the tap, but there are still customers who buy Evian water products
because they believe the vitamins and minerals come from the French
Alps. Inside is the spirit. When customers understand the true value that
Evian brings, they will stick.
Pr strategy in Vietnam:
- Choose the customer segment (25-45) years old
- People who care about the environment, the value that a brand brings, the
perception is similar to the value that Evian brings.
- Diversify products to suit each customer segment (base model, retails for
less than $12,000. They can also purchase an upgraded Smart For two
“Passion Coupe” that includes a full-roof convertible. scenery, climate
control, a leather-wrapped steering wheel and other features, or the
“Passion Cabriolet,” convertible, which retails for $16,590.)
- Simplify the way the product is purchased to reach the consumer (Pre-
order one by depositing US$99 via the Internet. Apparently, over 30,000
Americans think this is a smart idea)
- Do not spend too much on marketing but instead come up with ideas for
smart approaches to customers
- Take the right opportunity to launch the product (At a time when gas
prices are front page news, Smart car is positioned to get a lot of media
coverage.)
2.
What segmentation variables should be chosen?
Young adults who are between 20 and 33 years old would be a better target
market for the ‘smart’ car. They form a sizeable percentage of the population.
Therefore, conquering this market segment would ensure that the company
makes more sales. In addition, the young adults do not have so much money to
spend. Therefore, the cost of the car makes it affordable to the young adults.
The Smart Car is a fuel-efficient vehicle. Therefore, it is much cheaper to use
the vehicle. Most young adults do not have children.
Therefore, since the vehicle has a seating capacity of two people, it would be
suitable for this target market. Adults who have children usually prefer cars
with a large seating capacity to accommodate their children.
What marketing mix strategies should be recommended?
Keep the current economic climate and mindset in mind when providing your
recommendations. Product: smart car could enhance the features by adding
bluetooth technology and gps tracking. The enhancements to the product would
generally be in the field of innovation; technology improvements. Keep forward
thinking in mind as it has today; electric vehicles and energy efficient modeling.
Price: due to the economic climate smart car should keep their car moderately
priced as it is now starting at $11,990.
The pricing strategy is best addressed that it suits the needs of its target market
and also cost effectiveness. Promotion: pre- publicity such as test drives and
motoring reviews as a promotion activity, generates sufficient consumer
curiosity in the purchase of smart cars. Via this means, other individuals-such
as journalists, are given opportunity to assess the merits of smart car product
before buying the smart car of america. Sampling of smart cars in streets and
also using it for campaigns is a good ability to capture buyers.
Advertising the affordability and the fuel cost savings would fit into the current
economic climate.
Display models in airports, malls or other high traffic areas. Form alliances with
companies like hertz, budget or enterprise to give people the opportunity to
drive the car and experience the difference which may influence consumers to
buy for ever day use. Place: the product is been displayed in places were
customers live and work. Open more dealerships around the city in the
moderate income neighborhoods