Using Perceptual Maps in Marketing Simulation Summary
Perceptual Maps Simulation
I found this simulation to be very interesting. First of all, it was about motorcycles, and what guy doesn 't find that to be an interesting topic? Regarding the lessons it contained for marketing though, it was also interesting while still being entertaining as well. The situations it presented were realistic, while not being so overcomplicated that the material it was trying to present got lost. In the following paper I will discuss the situations from the simulation, the relationship between differentiation and positioning especially with regards to the product in the simulation, and the effect of the product life cycle on marketing again focusing on its relationship to the simulation product.
Situations
The first situation the simulation provided me with was a successful brand that is facing declining sales. My recommendation was to focus on Lifestyle, Quality Engineering, Coolness and Price. My results from this were good, but could have been better if instead of focusing on coolness, I 'd chosen to focus on service instead. This would have allowed me to optimally position the product.
The second situation was to decide on a marketing plan moving forward for Thorr motorcycles. I chose to launch a new motorcycle, the RRoth, rather that reposition CruiserThorr. I chose this because CruiserThorr is already well positioned, and to change its price or other attributes would more likely confuse customers than help to grow the brand. Furthermore, the simulation had stated that the younger market segment of motorcycle customers had been ignored by Thorr, so I hoped to capture a share of that younger demographic with the launch of a new, more affordable motorcycle. I priced it at $13-15,000 and placed it at dealers and exclusive showrooms only. I chose to promote it through offering free test rides, hiring celebrities for endorsements, publicizing through Hollywood films, and giving away merchandise. Finally, the services I
I found this simulation to be very interesting. First of all, it was about motorcycles, and what guy doesn 't find that to be an interesting topic? Regarding the lessons it contained for marketing though, it was also interesting while still being entertaining as well. The situations it presented were realistic, while not being so overcomplicated that the material it was trying to present got lost. In the following paper I will discuss the situations from the simulation, the relationship between differentiation and positioning especially with regards to the product in the simulation, and the effect of the product life cycle on marketing again focusing on its relationship to the simulation product.
Situations
The first situation the simulation provided me with was a successful brand that is facing declining sales. My recommendation was to focus on Lifestyle, Quality Engineering, Coolness and Price. My results from this were good, but could have been better if instead of focusing on coolness, I 'd chosen to focus on service instead. This would have allowed me to optimally position the product.
The second situation was to decide on a marketing plan moving forward for Thorr motorcycles. I chose to launch a new motorcycle, the RRoth, rather that reposition CruiserThorr. I chose this because CruiserThorr is already well positioned, and to change its price or other attributes would more likely confuse customers than help to grow the brand. Furthermore, the simulation had stated that the younger market segment of motorcycle customers had been ignored by Thorr, so I hoped to capture a share of that younger demographic with the launch of a new, more affordable motorcycle. I priced it at $13-15,000 and placed it at dealers and exclusive showrooms only. I chose to promote it through offering free test rides, hiring celebrities for endorsements, publicizing through Hollywood films, and giving away merchandise. Finally, the services I