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Position as a unique and superb driving machine, and extension of personality. Never call it a car.
Brand leadership -- Emphasize hand crafted and unmatched quality. Brand has been known for decades as unmatchable.
Head on positioning -- Emphasis on not really an apples-to-apples comparison; emphasize specs and luxury differences. FOCUS on innovation. Use statistics of the number of BMW and Porche's sold, then compare with that special person -- make user believe they are purchasing an investment worthy of a King.
Lifestyle Positioning -- Use purchase to boost image and exert success
Cost -- Not really as much of an issue at this range; but simply indicate that only special people can handle this vehicle; all routine maintenance will be covered in full for 5-years. Treat client like VIP.
Positioning venues -- Purchase list of high-end executives and send an invitation for a regional preview luncheon and test drive; consider high-end spokesperson and periodicals. Emphasize fact that this car is not on television because only a few people can appreciate it. Perhaps anticipate demand by having a few options that require customization (color of leather, embossing of initials, etc.) Partner with high-end sound system to customize sound for clients music tastes (Searls, 2006).
Part 4 -- Needing the Unnecessary -- The article "Needing the Unnecessary" traces the advent of consumerism over the past century and finds that the larger percentage of modern products, indeed the very definition of consumerism, is all about providing consumers with many choices for products they do not really need. Culture was in for some rather large changes after World War II. American's suffered through almost two decades of shortages and economic hardship, retooling of factories, and a change in lifestyle expectations. The GI Bill sent thousands to college and helped a number of returning soldiers purchase quality homes. Theoretically, this required intrisic motivation for an...
The catch -- those homes were often in outlying areas, away from the downtown core -- the suburbs were born. American suburbia would not have been possible, however, without the car culture -- one had to get to and from work, to the market, and with growing families, to all the events surrounding the new sense of prosperity and leisure time. This culture allowed for greater independence from simple needs and the ability to focus on wants (Twitchell, 2002).
Marketing then focuses not on those basic Maslow hierarchy needs (food, clothing, etc.), but on things and objects that help people transcence into luxury or lifestyle and then convince the consumer that those are necessary for happiness. Once this is done the consumer, through shared insight and behavior trends, begins to follow the flock, all choices to the wind. Based on the desire to fit in, to acculturate, or to appear successful; the new consumer is convinced that the only way to do this adequately is to purhcase the items they are being told are necessary -- told by the manufacturers.
REFERENCES
How to Identify a Target Market, (2010). Target Market. Retrieved July 2011 from http://www.esmalloffice.com
Evans, K. And H. Stroll, (2006), "Marketing Challenge: Three Ways To Catch Clients,"
Marketing Profs. Cited in: http://www.marketingprofs.com/6/stroll116.asp.
Kiley, D. "Airlines Are Not Marketing Even If They Think They Are." 23 February 2005. Bloomberg Businessweek. Cited in: .
Searls, D. (2006), "Marketing vs. Intention," Linux Journal, cited in:
http://www.linuxjournal.com/article/8955.
Twitchell, J. (2002). Needing the Unnecessary. Reason.com. Cited in:
http://reason.com/archives/2002/08/01/needing-the-unnecessary
Yankelovich, D. (1964). New Criteria for Market Segmentation. Harvard Business Review. Cited in: http://www.danyankelovich.com/newcriteria.pdf
REFERENCES
How to Identify a Target Market, (2010). Target Market. Retrieved July 2011 from http://www.esmalloffice.com
Evans, K. And H. Stroll, (2006), "Marketing Challenge: Three Ways To Catch Clients,"
Marketing Profs. Cited in: http://www.marketingprofs.com/6/stroll116.asp.
Kiley, D. "Airlines Are Not Marketing Even If They Think They Are." 23 February 2005. Bloomberg Businessweek. Cited in:
http://www.linuxjournal.com/article/8955.
http://reason.com/archives/2002/08/01/needing-the-unnecessary
Yankelovich, D. (1964). New Criteria for Market Segmentation. Harvard Business Review. Cited in: http://www.danyankelovich.com/newcriteria.pdf
All of these attributes together fuel a high level of mastery of their jobs, a critical element in job satisfaction (Sull, 2007). Finally the aspects of personal and work outcomes, which include high internal work motivation, high satisfaction with work and low turn-over indicate that BMW employees have found competency in their work. The reliance on transformational leadership techniques in terms creates a sense of purpose throughout the company.
BMW Investor Analysis It is recommended that investors sell BMW AG stock for short-term strategies. BMW has had a recent increase in profit margins and has had success in developing markets and this performance is represented in the current market evaluation. However, it is unlikely that BMW can maintain this performance in the short-term for a variety of reasons. One of the largest contributing factors to this position is that emerging
Of course, BMW also hoped to take advantage of Rover's 13% market share in the UK. BMW has always placed a heavy emphasis on improving its logistics: "Even before the establishment of its U.S. plant, BMW was spending several hundred million dollars annually in North America to procure parts and materials for its German-made vehicles. Although transportation costs were higher, exchange rates and lower production costs made them cheaper
The Series 3 cars are conservative in appearance, but their variety of body types will appeal to a wide range of consumers. Several of the Series 3 models are lower in price than other BMW cars and might therefore appeal to younger, upwardly mobile market segments. The touring models will appeal more to large families or those who want larger vehicles, whereas the coupe and convertible will appeal more
The James Bond tie-in ensured that this message was received strongly by the target audience. The Nieman Marcus promotion and Central Park promotion strongly reinforced this message. Everything was tied to the Bond promotion and all supported the aspirational message, including the product itself. In terms of distribution, the company knew that it was going to need to rejuvenate dealer interest in BMW, given that they had just made a
" Abuelsamid (2010) states, "this coupe is among the most attractive Audis in existence, it's probably one of the best looking coupes we've seen in decades." The Audi A5 had an Italian designer, who is credited with the slick, sexy, and sophisticated lines (Matras 2009). The BMW 335i, on the other hand, looks functional. NiceDrivz (2010) states of the BMW 335i, they "don't look their best unless they are equipped with