Perceptual Maps in Marketing The use of perceptual maps is a strong tool in the marketing world. Perceptual maps visually represent what the consumer thinks about a product or brand. To make a perceptual map several attributes of the product are placed on different axis and from that point a grid is made to represent how strong or weak the consumers view each attribute. Making a perceptual map is a good way for mangers to decide on a good marketing strategy for the product‚ and which attributes
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Summary The Ghost Map was a historical piece of literature that was used to explain the V. cholera epidemic in London. The book‚ written by Steven Johnson‚ tells about how the water and the lack of proper sewage systems lead to a disease that killed many citizens and lead to panic for Londoners. Dr. John Snow‚ an anesthesiologist‚ began to research what played a role in the deaths and how it could be cured and stopped. He discovered that the disease was a waterborne disease after a series of
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With sales of almost € 36 billion in the previous year‚ the LVMH group has truly earned its title as the world’s leading luxury products group. Founded in 1854 by French-born Louis Vuitton as a packing-case company exclusively using high-quality materials for maximum durability‚ the family-owned business has consistently increased its luxury over the years. More than a century later‚ Louis Vuitton acquired Hennessy‚ the market leader in the high-end spirits segments‚ which had previously merged with
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Under the International Strategic Management approach‚ companies can choose to either venture their business towards the Global or Regional strategy. The Global Integration strategy looks at production and distribution of products and services of a homogenous type and quality on a worldwide basis. National Responsiveness strategy requires understanding of individual consumer tastes imposed by autonomous governments and agencies. To further understand the Global and National strategies‚ we look into
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throughout companies’ entire supply chains. The strategic contribution of supply management is measured not only in savings made‚ but also in increased shareholder value (Niezen‚ Weller & Deringer‚ 2007). Nike and Adidas are two global companies try to improve their competitive advantage through strategically managing and utilizing their supply chain. The purpose of this report is to compare and evaluate the supply chain management practices of Nike & Adidas. 2. CORPORATE PROFILE 2.1 Nike Corporate
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Exercise 1 A Adidas Adidas Three Major Strengths * It appeals to the younger generation * Endorse young superstars * High Performance product Weaknesses * Rigid pricing structure * Least preferred as oppose to Nike * Price to high though is linked to quality Opportunities * Acquisition of Reebok * Growing revenue from opening of town retail stores * Continuing challenges in import/export duties Threats * Doesn’t have strong distribution network
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Strategic Case The Situation " Who? Robin Hood and his managers Their motto : « Rob the rich and give to the poor » When ? 2nd year of his insurrection Where ? Sherwood forest. He began to build his army What ? Conflict : Robin Hood’s band vs. Sherrif => Objective : To put an end to Sherrif’s power Organization " ROBIN HOOD : Ruled in supreme He takes important decisions Tom BOWER Intelligence & scouting Little John Discipline & archery control Sean Flint
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Summative Concept Map Gary Vause‚ II PhD in Applied Management and Decision Science Specialization: Information System Management Table of conents Abstract 3 Major Ideas 4 Concept 4 Conclusion 4 Figures Figure 1: Key metaphors of the Organization 5 Summative Concept Map Abstract In this Summative Concept Map‚ Gareth Morgan makes a major contribution to the understanding of organizations by suggesting that it is vital to view organization through multiple metaphors
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"Using Perceptual Maps in Marketing" Simulation Lifestyle image is an important attribute to Thorr Motorcycles‚ Inc. because it can influence customer to purchase a Cruiser Thorr due to what it represents. The perceptual map is a visual representation of a customer’s opinion of the brand. The Lifestyle Image that the Cruiser Thorr represents is freedom‚ masculinity‚ and mobility. With the decline of sales‚ Thorr Motorcycles will need to change the consumer image in order to bring profits to the
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Perceptual Map explanation In my Perceptual Map construction‚ I chose Fast acting/Slow release for the horizontal axis‚ and General pain relief/Specific pain relief for my vertical axis. Evaluation and placement of the various types of pain relievers is solely based on information given to the consumer by the packaging and description given. Explanations are as follows and in no particular order: Tylenol Extra Strength- I felt this placement was fairly straight forward with the information given
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