Using Perceptual Maps in Marketing Simulation Summary Melinda Roberts MKT/421 December 15‚ 2011 Gray Grubb Using Perceptual Maps in Marketing Simulation Summary In the simulation I was a marketing manager for Thorr Motorcycles. I was faced with three different situations. In order to decide on the right actions to take in the situations I had help from three co-workers; Benjamin Bao (Chief executive officer)‚ Chris Winter (Chief engineer)‚ and Meredith Kiligore (Vice President Brand
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Perceptual Mapping Perceptual mapping is a graphics technique used by asset marketers that attempts to visually display the perceptions of customers or potential customers. Typically the position of a product‚ product line‚ brand‚ or company is displayed relative to their competition. Creating a Perceptual Map The way to determine a product or service’s current position in the marketplace compared to the competition is with a customer perceptual map. Example: Choose a product or service and identify
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Case study notes This case has been updated to include the Apple iPad. Principally this is case explores the issue of licensing and how successful firms can become unsuccessful. It is not a case about Apple and why it has become successful. This case study explores the rise of the Apple Corporation. The Apple iPod is one of the most successful new product launches in recent years‚ transforming the way the public listens to music‚ with huge ramifications for major record labels. More than 50 million
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a mobile computing devices which will bring the user experience of using tablet to a whole new stage. The iPad Mini is a mini tablet computer designed‚ developed‚ and marketed by Apple Inc. ipad mini can function as a Entertainment mobile devices Watching movie‚ surfing internet‚ listen to music‚ taking photo‚ playing games Ipad mini also a useful Education devices With iPad‚ the classroom is always at your fingertips. Right now at the App Store‚ there are thousands of apps available
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Branding Focus: Relative Merits of Product or Brand? * Kindle Fire vs. iPad * iPad has a seamless integration of all of their products (brand) * Kindle users have a more utilitarian focus (product) * Ask “where is the power?” – it always depends Brand or Product? * Branding challenges * Savvy customers – we can get information in an instant * Brand proliferation: more brands‚ and brands carry more product * Media fragmentation * Increasing
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customers toward the products (e.g.‚ current market shares of the products). Maps generated by this software are spatial representations in Euclidean space that have the following characteristics: (1) The pairwise distances between product alternatives directly indicate the “perceived similarities” between any pair of products‚ i.e.‚ how close or far apart the products are in the minds of customers. (2) A vector on the map (shown by a blue or red line) indicates both magnitude and direction in the
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1. Computer appreciation 1. The basics and history of computing‚ including familiarisation with the hardware and software which enables independent work on a computer performing simple tasks. Components of a computer system (system board‚ central processing unit (CPU)‚ Random Access Memory (RAM)‚ Read Only Memory (ROM)‚ Erasable Programmable Read Only Memory (EPROM)‚ hard disks‚ solid state drives‚ optical drives‚ flash drives‚ monitor‚ keyboard‚ mouse‚ track pad‚ trackball‚ etc. Types of computer
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The perceptual mapping has a history which is unknown by many. Statistician and computer scientist‚ Leland Wilkinson‚ explains the history of perceptual mapping as this; Perceptual mapping involves a variety of techniques for displaying the judgments of a set of objects by a group of subjects. Most of these techniques were developed in the 1970’s
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think about it. The interviews took between 5 and 10 minutes depend in the mood of costumers. Moreover‚ we asked 31 persons some questions contain two main questions to evaluate each clothing shop based on price and quality. Analysis: The perceptual map presented below shows that people thinks that D&G and Gucci is considered a high price shop but also with very good quality. However‚ Lacoste and Ralph Loran are considered relatively cheaper than D&G but also with high level of quality. On the
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principle of perceptual form organization? a) continuity b) closure c) proximity d) similarity x 7. The final stage of perception is called _____. a) interpretation x b) conclusions c) dissemination d) closure 8. Jake told Mary that he would call her before lunch. At 11:30 a.m. the phone rang and she responded to the male voice by saying "Hi‚ honey." It turned out to be her boss calling‚ rather than her husband. Mary ’s error illustrates the effect of ____. a) perceptual adaptation
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