Using Perceptual Maps in Marketing Simulation Summary MKT 421 Instructor: Ken Metz October 7‚ 2013 Using Perceptual Maps in Marketing Simulation Summary The situation consists of me constructing a perceptual map to create a marketing plan for Thorr Motorcycles. The perceptual map will be based off of parameters fundamental to the product and significant to the customer. I am the marketing manager for CruiserThorr. We are trying to use the parameters to market a new and innovative
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PERCEPTUAL MAP ON INDIAN WATCH INDUSTRY 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. In this discussion‚ we have analysed the concept of perceptual map on Indian Watch Industry. The concept clearly gives an insight of the Indian watch industry. The Indian watch industry started
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PEST DEG Analysis for Gaming Industry Gaming industry includes those corporations that develops and distributes gaming and entertainment products through software programs and gaming hardware such as consoles‚ arcades‚ game gadgets and other technologies. Political-Legal • Intellectual Property Rights Intellectual Property Rights (IPR) is a term that covers patents‚ trademarks‚ and copyright. This law helps understand that all great products and innovation have an origin such as various
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Legal Issues in the Gaming Industry Legal Issue in Gaming. When it comes to looking at the legal issues‚ we can that there are loads of them. The cause of legal issues rise when a specific games company copies other people’s work or they take what other games without permission. An example of such issue is when the Arktos Entertainment Group‚ who are the makers of MMO The War Z game‚ were found to have copied the terms of service agreement from the game‚ League of Legends. And as crazy
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An Overview of the Digital or Video Gaming Industry A Walk Down the History Lane Not only the words games and gaming are self-explanatory‚ the practice of using games both as a source of entertainment as well as learning is almost inherent to humans and the practice dates back to ancient civilizations as old as 3200 BC. Although‚ games have been used for gambling and learning strategies of war and concepts of ruling for thousands of years‚ the use of video games as a source of entertainment as
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Analysis on Gaming Industry Every man in the business uses five forces in order to progress in company’s industry. The five forces are customers‚ entrants‚ substitutes‚ supplies‚ and the nature of rivalries. These elements not only show the state of company but also why some of them are so successful then the others. In this analysis we will see how these five forces relate to the video game industry‚ how strong each force is‚ and answer the question of whether it is an attractive industry for Sony
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Using Perceptual Maps in Marketing Simulation Summary February 4‚ 2013 Mark Brady MKT/ 421 Using Perceptual Maps in Marketing Simulation Summary THORR Motorcycles is a 5 billion dollar company that manufactures different kinds of motorcycles‚ in addition to their motorcycle products they use other product to promote their business such as motorcycle shoes‚ t-shirts‚ toys‚ leather clothing etc. They sell roughly around 200‚000 units per year and they are growing more and more every day because
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them feel the uniqueness of the store as compared to other internet cafes. At this speed‚ downloading large images (pictures)‚ playing music (wave files‚ mp3s) online and viewing videos (GIF files‚ flash‚ video clips) is a breeze. Online and Network Gaming Netopia carries popular Online Games which can be played either solo or via LAN with friends. With this high speed Internet connection‚ playing online will surely be fun to all the gamers. DIGITAL PRINTING Laser Color or Black and White Printing
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SWOT is acronym for Strength‚ Weakness‚ Opportunity‚ Thread. In Essence a SWOT analysis is geared toward predictability of obvious and hidden factors that may influence the outcome of marketing and sales. In terms of gaming industry‚ Microsoft‚ Sony‚ and Nintendo with their respective hardware’s MS Xbox 360‚ PS 3 and Nintendo Wii illustrate the first tier competitors in U.S. as well as globally. Microsoft Xbox 360 Strength: • Integration of next generation DVD players i.e. HD technology
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Tool Summary: Perceptual Mapping Objectives • A detailed explanation of how perceptual mapping works‚ what it does‚ and what are its critical assumptions • An application of how perceptual mapping was used‚ i.e.‚ describing an application of the tool in detail‚ focusing on procedure‚ calculations‚ results‚ and interpretation. Background Branding; is defined by Charles W. Lamb‚ co-author of Marketing: sixth edition; as a name‚ term‚ symbol‚ design‚ or combination thereof that identifies
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