Sunday, September 20, 2009

Markstrat prep for Round # 2


Consumer survey:

1.  Brand purchase intentions STEPHANIE


































%

Buffs

Singles

Pros

HiEarners

Others

SOLD

10.2

6.3

22.0

31.4

1.0

SONO

29.8

5.8

2.7

1.2

1.0


 


SONO has the highest purchase intention among Buffs, next competitor is SEMI with 14.7%


SOLD has the 2nd highest purchase intention among HiEarners, next competitor is SULI with 40.6%


SOLD is 3rd highest purchase intention among pros, higher competitors are SEMI and SULI



Consumer panel:

2.  Market shares STEPHANIE


 





























%

Buffs

Singles

Pros

HiEarners

Others

SOLD

11.0

6.7

20.8

30.8

0.9

SONO

26.9

4.8

2.0

0.9

0.6



 



SONO has the highest market share of buffs at 26.9% of any product (next highest is SEMI at 19.1)




SOLD is the 2nd highest market share of hi-earners at 30.8% (SULI is higher at 40.6%)


SOLD is only 3rd highest in Pros at 20.8% (SULI is next highest at 26.4% and SEMI at 42.9%)





Distribution panel:

3.  Market shares STEPHANIE



























%

Specialty

Dept.

Mass Merch.

SOLD

13.4

12.5

8.1

SONO

12.0

5.0

1.1



 


SOLD and SONO are 3rd and 4th highest sold at Specialty stores (SULI and SEMI sell more in specialty)


SOLD is 4th highest sold at dept. stores (SULI, SEMI and SAMA sell more in dept.)


Almost everyone kills us in mass merchandisers


 




4.  Distribution coverage STEPHANIE


 
























%

Specialty

Dept.

Mass Merch.

SOLD

42.5

40.9

25.6

SONO

36.0

33.1

12.1



 


SEMI and SELF distribute more in specialty than we do of SOLD and SEMI


SELF and SULI distribute more in specialty than SONO


 



SAMA, SALT and SEMI distribute more in dept. stores than SOLD


 


We have the lowest distribution of both SOLD and SONO in dmass merch.






Multi-Dimensional Scaling:

5.  Perceptual map SEAN

























































PRODUCT



ATTRIBUTE



OUR SCORE



TARGET SEGMENT #1 SCORE



TARGET SEGMENT #2 SCORE



SOLD


Convenience


6.1


HiEarners = 7.3


Pros = 9.4





Performance


7.3


HiEarners = 4.5


Pros = 8.7





Economy


(-15.2)


HiEarners = (-12.2)


Pros = (-9.9)


SONO


Convenience


(-15.0)


Buffs = (-6.6)








Performance


16.9


Buffs = 14.7








Economy


(-7.7)


Buffs = 1.9








Interpretation of Perceptual Map:


SOLD:    We need to ratchet up our convenience factor for HiEarners and Pros, albeit minimally.  We score a 6.1; they scored an 8 and a 9, respectively.
             Our performance is right where it needs to be.  We scored a 7.3; HiEarners scored a 5 and Pros scored a 9.  If targeting Pros more than HiEarners, ratchet up performance.
             We are lagging in economy.  We scored a (15.2), but HiEarners scored a (-12) and Pros scored a (-9).  We definitely need to improve our economy measure.

SONO:    We are lacking heavily in convenience, meaning that we need to increase our distribution channels (??) to other places Buffs shop.  We scored (-15); Buffs were (-7).
             Our product overperforms just SLIGHTLY, so we may want to consider either reducing performance or leaving it alone.  We scored a 16.9; Buffs scored a 14.
             We need to address the economy of the SONO product.  We scored a (-7.7); Buffs scored a 2.



6.  Brand perceptions SEAN (-20 to +20)




Economy
Performance
Convenience
SOLD
(-15.2)
7.3
6.1
SONO
(-7.7)
16.9
(-15.0)

Interpretation of Brand Perceptions
:


See perceptual map interpretation.


7.  Ideal values SEAN (-20 to +20)


Economy
Performance
Convenience
Buffs
1.9
14.7
(-6.6)
Singles
6.6
1.0
3.1
Pros
(-9.9)
8.7
9.4
HiEarners
(-12.2)
4.5
7.3
Others
12.5
(-10.2)
(-4.0)

Interpretation of Ideal Values:

See perceptual map interpretation.




8.  Ideal value evolution KATHLEEN

9.  Influence of characteristics KATHLEEN

10. Relationship between product characteristics and perceptions KATHLEEN



Market forecast:

11. Market forecast REBECCA


 


Buffs are projected to decrease by 2.2% in the next period, -18.7% over the next five periods.



HiEarners are projected to increase by 23.6% in the next period, 95.4% over the next five periods.


Pros are projected to increase by 18.5% in the next period, 23.6% over the next five periods.


The largest growth in a marketing segment was by Singles.  The are projected to grow 23.6% in the next period and 226.4% over the next five periods. 





Conjoint analysis: - (I'm doing the review for these all together, since they are really a series for the markets.)

12. Utility graph REBECCA


13. Utilities REBECCA

14. Relative importance REBECCA


 


Buffs - Price is the most important feature (Importance-48.5%).  Power is also important (38.8%). Max. Freq. is not very important (10.8%) and Design is really low in importance (1.8%).


 


Professionals - Price is the most important feature (Importance-48.5%).  Power is also important (38.8%). Max. Freq. is not very important (10.8%) and Design is really low in importance (1.8%).


 


Singles - Price is the most important feature (Importance-76.9%).  Power is also important (21.4%). Max. Freq. is not very important (1.4%) and Design is really low in importance (0.3%).


 


HiEarners - Price is the most important (Importance-52.6%).  Power is also important (37.3%). Design is not very important (8.0%) and Max. Freq. is really low in importance (2.1%). 


 



Others - Price is the most important (Importance-59.2%).  Power is also important (30.7%). Design is not very important (8.5%) and Max. Freq. is really low in importance (1.5%). 

 















SONO



SOLD



General Comments



·        
Focus on buffs


·        
Don’t focus on ads


·        
Focus on price b/c price sensitive


·        
Focus on distribution in specialty shops



·        
Focus on High Earners and Pros b/c in 100+
growth rates


·        
Increase advertising


·        
Less on price


·        
Increase distribution to dept. stores



·        
Probably don’t focus much on SONO much in the
future? But could go mainstream?


·        
Think about singles for future products but
not for SOLD or SONOs






 






 


Wednesday, January 21, 2009

Company update

Hey all -

Ford is looking very promising in Shanghai!

Here's what I've got from Sam De La Garza, Brand Manager for the Ford Focus/Fiesta and Olin alum:

Great to hear from you. I will get moving on identifying the contacts. We should be able to make something work. Do you know which week would be the best for your visit. Also, is there a specific angle that you would like to pursue while you are there? It will help me identify the right person for the meeting. Let's stay in touch. I can be reached by cell phone at 2489304798. Thanks. Sam

....and here's a fragment of my reply:

Thanks so much for your prompt response! I truly appreciate it. As of now, approximately 20 of us (full-time MBAs) will be in Shanghai from March 9 –13. Our trip’s focus is primarily marketing, but we would be thrilled to visit Ford at any capacity.

Tuesday, January 20, 2009

Company visits

Hey ya'll -

Just wanted to get something set up in the interim while we all wait to go live on Blackboard. Here's the latest company visit updates I have:

Jacqi: Anheuser-Busch InBev
IBM
Cristina: Emerson
Sean: Emerson (with Cristina) ==> Kathleen McClelland's hubby has a contact
Ford
Energizer
Brooks: Regal Beloit http://www.regal-beloit.com/
Kamila: J & J
Sammi: J & J


Karen Heise sent me this on 1/20/09:

Kyle Hill of Shanghai Emerson comes quickly to mind..have you contacted him? He's in LinkedIn and quite the guy for students to connect into. Let me know. Mark Wolf (the 'Wolf-Man') may have some contacts for us in Hong Kong where he spent last semester.....for Shanghai, Patrick Moreton, faculty, is a wealth of knowledge - do you want me to ask him??? Just tell me what to do and I'll gladly ask him - I think Patrick, Mark Wolf and Kyle Hill will yield some good connections for us. Want me to push those three forward???!!!

I absolutely will be at your Tuesday 4:00 pm meetings in hopes I can somehow help. It conflicts with the GBSA meeting, which I am sure you already figured out and try to jockey back and forth. I'll try to do the same. Next Tuesday I will be there, and I appreciate the invitation.

Karen Heise
Associate Director

....and this on 1/21/09 to Patrick Moreton:

Good morning....well, evening to you right now, I think, Patrick! I'm writing on behalf of MBA students who are planning a trip to China for GMS, Global Management Studies. They leave end of February, and the current top priority is to schedule company visits. I wonder if you would reply with ideas of companies and contacts the students could reach out to and request a company visit during the trip. Companies, alumni, connections you have and are willing to share so that the students have rich, quality company visits as part of the GMS experience is the goal. Your assistance would be much appreciated. I'd be more than happy to call you or perhaps have a call between you, me and Sean Murphy, MBA student copied on this note who is in a leadership role for this trip.

Thanks, and I look forward to your reply!

Karen Heise
Associate Director

....and this is Patrick Moreton's response:

Hi Karen,
I’ll do what I can to help, but we’re going to have to move fast. The Chinese New Year starts in two days so the country will shut down for about 10 days to two weeks. I’m going to need a travel itinerary ASAP so that I have the dates you’ll be coming to Shanghai. Can you also send me a list of students and short bios for them so that I have something to provide to the hosts when they ask who will be coming. Finally, if you could poll all the students on the trip and have them go through their rolodexes to see who they know in China, I can follow up with any contacts they have. It’s generally best to work with someone here who is connected to the students since the quality of the visits is generally higher.

Patrick