market penetration - intensification strategies - corporate level strategies - manu melwin joy
TRANSCRIPT
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Market penetration - Intensification strategies
Corporate Level Strategies
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Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
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Intensification strategies
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Market penetration
• Market penetration involves trying to gain additional share of a firm’s existing markets using existing products. Often firms will rely on advertising to attract new customers with existing markets.
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Examples of Market penetration
• Nike features famous athletes in print and television ads designed to take market share within the athletic shoes business from Adidas and other rivals.
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Examples of Market penetration• McDonald’s has pursued
market penetration in recent years by using Latino themes within some of its advertising. The firm also maintains a Spanish-language website at http://www.meencanta.com; the website’s name is the Spanish translation of McDonald’s slogan “I’m lovin’ it.” McDonald’s hopes to gain more Latino customers through initiatives such as this website.
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Market Development
• Market development
involves taking existing
products and trying to
sell them within new
markets.
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Examples of Market Development
• One way to reach a new market is
to enter a new retail channel.
Starbucks has stepped beyond
selling coffee beans only in its stores
and now sells beans in grocery
stores. This enables Starbucks to
reach consumers that do not visit its
coffeehouses.
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Examples of Market Development
• Entering new geographic areas is another
way to pursue market development.
Philadelphia-based Tasty Baking Company
has sold its Tastykake snack cakes since
1914 within Pennsylvania and adjoining
states. Now it is extensively distributing
Tastykake’s products within the
southeastern United States. Displaced
Pennsylvanians in the south rejoiced.
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Product Development
• Product development
involves creating new
products to serve
existing markets.
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Examples of Product Development
• In the 1940s, for example,
Disney expanded its offerings
within the film business by
going beyond cartoons and
creating movie featuring real
actors.
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Examples of Product Development
• Coca-Cola and Pepsi regularly
introduce new varieties—such
as Coke Zero and Pepsi Cherry
Vanilla—in an attempt to take
market share from each other
and from their smaller rivals.
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