FUNDAMENTALS ASSIGNMENT Porsche: Guarding the old While bringing in the new Q 1: From the case identify and briefly explain three specific factors that may influence a consumer to purchase a Porsche (hint: select specific influences from the social and psychological group) Factors influencing the consumer behavior are the situational‚ group and individual. (Elliott‚ Rundle-Thiele & Waller‚ 2010‚ pg.104). Kotler and Armstrong (2012‚ pg.186) state customers of Porsche are strongly influenced
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Situation For years‚ the Porsche brand stands for expensive‚ high-performance sports cars. A typical consumer for Porsche is a young‚ adventurous‚ wealthy male who enjoys living life on edge (19). This single-minded focus would change in 1998 when Porsche made an announcement to develop an SUV to be released in 2003 in the United States. The new SUV would provide traditional Porsche styling and performance however combines components promoting family and outdoor activities. Porsche would be joining an
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Consumer Behaviour 11/10/2012 CASE STUDY ASSIGNMENT # 1 PORSCHE CANADA: SELLING WINTER DRIVING Mrs Leila Hamzaoui Essousi THE TEAM: MONSTERS Safa Hanfi Feriel Babbou Yassine Kacem Ilyes Belhaj 1 Consumer Behaviour 11/10/2012 The Table of Content: I. II. The executive summary Situation analysis (and current problem the company is facing) a. The market b. Micro-environment c. Macro-environment The assignment questions Key marketing issue and expected results III. IV.
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Porsche: The Crisis of 1992 1. What challenges was Porsche facing in 1992? When Dr Wendelin Wiedeking was assigned his new job‚ the position could not be more challenging: * Porsche’s unit sales had dropped from a high 60 000 a few years earlier to less than 15 000 in 1992 * Declining financial results (negative net income) * Automotive industry in crisis * Difficult competitive environment especially with the Japanese luxury automakers * Rumors of takeover by another
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Porsche: The Cayenne Launch Synopsis of the Situation Porsche has a legendary existence of more than 55 years with a brand image of being high-end‚ masculine‚ status-oriented sports car. Finding great growth and revenue opportunities in the light truck industry‚ Porsche announced to extend the product line by launching an SUV named ‘Cayenne’. This offended the Porsche enthusiasts and their negative responses overwhelmed the internet‚ press and media. Further‚ SUVs being associated with soccer moms
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BUS 497A California State University Northridge Fall 2013 List of content History ................................................................................................................................................. 2 Takeover by Volkswagen................................................................................................................. 2 SWOT analysis ...........................................................................................................
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Content 1. Marketing Environment………………………….Page2 2. About “Porsche”………………………………….Page3 3. External Marketing Environment Affected “Porsche”………………………………………….Page4 4. Marketing Mix Strategy…………………………..Page6 5. Conclusion………………………………………...Page9 6. Referencing……………………………………....Page10 Marketing Environment. The marketing environment is the factor that surrounds and impact upon the organization. The marketing environment is represents a mix between the internal and external forces that significantly
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Assignment: Case Study Report Introduction Porsche Automobil Holding SE is a German luxury car company founded by Ferdinand Porsche in 1931. Until 2008‚ the Canadian segment of Porsche was operated through Porsche Cars North America. When Canadian sales reached nearly 2‚000 units‚ the company decided that there should be a headquarters and operations to meet the demands of the local market. Porsche Canada became an official stand-alone subsidiary in April 2008 (Mark‚ 2011). Porsche Canada had
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Porsche Decision Abstract A decade ago‚ Porsche‚ the luxury car company‚ found itself at a crossroads. Renowned for its classy and expensive sports cars‚ the firm had taken a hit in the wake of the 1987 stock market crash and suffered in great part due to Porsche’s dependence on the U.S. market. In addition to launching a new two-seater‚ the Boxster‚ in 1996‚ it decided to move into sport-utility vehicles‚ or SUVs‚ the popular but highly un-cool mode of transport for many American suburban
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Porsche had always been one of the most successful and influential brands in the world. The Carrera 911 is the dream car of many ambitious men. Before Cayenne launch‚ there is only one lower price Porsche Boxster had been added as a new product line to the brand in 1996 . Throughout the years‚ Porsche had successfully built up a strong high-end sports car identity. The Cayenne news was shocking for consumers‚ as they could never imagine such a product. In this paper‚ I am going to identify problems
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