mrkt 600 jeff cadena alicia caraveo oluseyi deru mitra hovareshti inaki izaguirre nancy solis
TRANSCRIPT
MRKT 600
Jeff CadenaAlicia CaraveoOluseyi Deru
Mitra HovareshtiInaki Izaguirre
Nancy Solis
Downtown Oasis Direction Product/Brand Strategy Place/Distribution Strategy Promotion Strategy Price Strategy Recommendations
The Now-The Future
SPASALON
CAFECHILDREN ART
STUDIO
DANCE STUDIO
MARTIAL ARTS ACADEMY
LOUNGE
HOST
BAR
DANCE AREA
KITCHEN
RESTROOMS
LIVE MUSIC
ARCADE
Marketing Goal: Add Value Expand complex, increase businesses, add parking area, extend hours of operation, intensify
marketing and increase clientele Develop ‘Downtown Oasis’ an activity based center to cater to different lifestyle interests and
needs Mission Statement: To provide a place of rest and relaxation in the heart of downtown Bakersfield
Plan to Preserve Mediterranean Design/Flavor
Downtown Oasis’s Value Network
Downtown Oasis
Real Estate Agents
Business Renters
Customers
Innovation
Customer Support System
City Council
Downtown Bus Owners
Assoc
Suppliers
RabobankPadre HotelMill Creek
Value Network
Web of Relationships that generate value
ProductProduct Targeted Targeted Segment Segment
Need Need Feature Feature (Tangible) (Tangible)
BenefitsBenefits
(Intangible) (Intangible)
Downtown Downtown Oasis Oasis
Families (Kids Families (Kids cul-de-sac cul-de-sac 93311) 93311)
Family-Friendly Family-Friendly Environment Environment
Diverse Family-Diverse Family-oriented shops oriented shops
A safe A safe diversion for diversion for the whole the whole family family
Downtown Downtown Oasis Oasis
Families Families Rabobank Post-Event Rabobank Post-Event Dining Experience Dining Experience
Restaurant Restaurant Fine Cuisine Fine Cuisine conveniently conveniently located next located next to Rabobank to Rabobank
Downtown Downtown Oasis Oasis
Downtown Downtown Employees Employees (93301) (93301)
Close location to spend Close location to spend a quick lunch hour at a quick lunch hour at
Downtown Downtown Location Location
Convenience Convenience
Downtown Downtown Oasis Oasis
Downtown Downtown Employees Employees
A structure in the work A structure in the work area that stands out area that stands out from the many corporate from the many corporate buildings and contains buildings and contains aesthetic value aesthetic value
Unique “Old Unique “Old World” World” architecture architecture
Artistic Artistic appreciation appreciation
The unique architecture will distinguish the Downtown Oasis from the plethora of modern corporate structures in the downtown area
Since there are no similar venues in the area, there shouldn’t be significant problems with customer churn
Adding well-kept greenery and eye-catching flowers to the courtyard will enhance the image of an oasis-like place that customers will want to spend their leisure time at
Our brand image of a unique, aesthetically pleasing oasis will distinguish the Downtown Oasis from the modern, plain architectures of competitors such as the Valley Plaza and East Hills Mall
These physically distant competitors will leave the Downtown Oasis less vulnerable to competitive marketing actions towards downtowners
By offering superior customer service, the Downtown Oasis will obtain greater loyalty from customers as well
Perceived Value is Key to determine a Pricing Strategy.
Must focus in pricing for Businesses and End Customers.
Traditional Cost Based PricingMortgageMaintenanceProperty Taxes
Price
Values of the Downtown Oasis for Businesses
LocationCustomers TrafficGood future prospectsParking Space
PRICE
Values of the Downtown Oasis for End Customers
Whole “Downtown Oasis Experience”Activities for the whole familyPerceived SecurityCloseness to workplace and attractions
PRICE
MarketingBusinesses: Price the lease agreements to
attract the type of businesses that will increase the perceived value of the Downtown Oasis.
For End Customers: Set prices to attract working people employed nearby during lunch hours.
Suppliers:• Colorobbia (Italy)•Dayang Procelain Industries Co. (China)•Sheffield Pottery, Inc (USA,MA)
Producers / Manufacturers:• Gare(USA, MA)• Ceramics unlimited(USA)• Bisque Haus(USA)
Retailer:• Color Me Mine(Down Town Oasis):
• Ceramic Pieces (plates, platter , pitcher, etc)• Paint colors• stencil, Bisque, Brushes, Spray, Sponges, Kiln, Stamps, Under glazes
Target Market:• Families with Kids
Distribution Center:Color Me Mine distribution center(USA,CA)
Adding Value
Families with kids(CA,93311)
Color Me Mine -Down Town Oasis( CA, Bakersfield)
Gare (MA)
Color ME Mine Distribution Center(CA)
Sheffield Pottery, Inc (MA)
Supplier(Raw material)
Producer, Manufacturer
Distributor
Retailer
Target Market
Life Cycle
Distribution
Intensity
Value to Owner
Value to Renters
Introduction
Exclusive •Better control on shops and services•Build closer client relationship
•Receive personalized attention •Customization
Pull strategy Direct marketing to our target
market versus marketing via channels
TOOL Advertising Sales Promotion Direct Marketing
USEEfficiently get messages to large audience
Stimulate immediate purchase, reward repeat purchases
Reach targeted audiences, encourage direct response
EXAMPLES• Product & Company
Brochures
• Web marketing (i.e.
website, social
media)
• Downtown Oasis
street sign
• Billboards
• Coupons on
back of event
tickets
• Bonus Packs
• Premiums
Build on web of relationships to generate more economic value
Build a brand image and position Use an exclusive distribution intensity to
increase the “Unique Aura” Use an effective pricing strategy to
attract customers and businesses . Use Integrated Marketing Communication
to incorporate advertising, sales promotion, and direct marketing, thereby effectively promoting the new Downtown Oasis