Lecture 6: Product, Service, and Branding Definition of products Layers of product Types of products Product line and product mix Product portfolio managment decisions Service definition & Characteristics Service Marketing Tasks Lectured by Khoa Nguyen What is a product? ¢ A product is anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. ¢ Broadly defined, “products” also include services, events, persons, places, organizations, ideas, or mixes of these. of Product g Definition An MSG company, i|. Ajinomoto, decided to sell coffee to the Vietnamese market.
Question: how Ajinomoto acquires attention from customers? / oS Lectured by Khoa Nguyen au» Value-based prices Components of the Market Offering Product Services features mix and and quality quality Lectured by Khoa Nguyen Five product levels Lectured by Khoa Nguyen Oa Gn rs ae eae: Lec†ured by Khoa Nguyen Industrial | products | Types of Product? Consumer products Lec†ured by Khoa Nguyen Consumer Goods Classification Convenience ProdUCT ° .CUs†omers usually buy frequently, immediately, and with a minimum of comparison and buying effort. SHOPPING PRODUCT ¢ less frequently purchased * customers compare carefully on suitability, quality, price, and style Lectured by Khoa Nguyen ÔYSTER PERPETUAL-~° Š pec id Ity Product ee ¢ Unique characteristics or brand identification ¢ Buyers are willing to make a special purchase effort. Lectured by Khoa Nguyen Unsought Product “mae * .consumer either does not know about or knows about but does not normally think of buying. Lectured by Khoa Nguyen ¢ Industrial products are those Fr ourchased for further processing or for Industrial use in conducting a business, Products including: ° Materials and parts * Capital items ¢ Supplies and services.
RaW Materials/Parts Lectured by Khoa Nguyen Capital Lectured by Khoa Nguyen Supplies/Services ¢ Which of the following are examples of shopping products? ¢ A. Furniture, clothing, used cars, major appliances, and hotel and airline services Test YOUr ¢ B. Laundry detergent, candy, magazines, and fast food kn owledge * C. Branded cars, high-priced photographic equipment, and designer clothes ¢ D.
Life insurance, preplanned funeral services, and blood donations to the Red | Cross 4 c® Lectured by Khoa Nguyen au» ¢ Which of the following are examples of shopping products? ¢ A. Furniture, clothing, used cars, major appliances, and hotel and airline services Test VOUF ¢ B. Laundry detergent, candy, magazines, and fast food <a owledge * C. Branded cars, high-priced photographic equipment, and designer clothes ¢ D.
Life insurance, preplanned funeral services, and blood donations to the Red | Cross 4 c2 Lectured by Khoa Nguyen au» ProdUc† Differentiation ¢ Product form ¢ Features * Customization ¢ Performance * Conformance ¢ Durability * Reliability * Repairability * Style Lectured by Khoa Nguyen © Product Line & Produc† Mix Lectured by Khoa Nguyen ¢ Product line is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same types of Prod uct Line outlets, or fall within given price ranges ¢ Product line length is the number of items in the product line. Lectured by Khoa Nguyen AU Product line filling. df = Product line stretching. Lectured by Khoa Nguyen Product Mix ¢ Product mix consists of all the products and items that a particular seller offers for sale.
¢ Also called: Product poftfolio * A company’s product mix has four dimensions: width, length, depth, and consistency. Food Brands Personal Care Brands Home Care Brands 3 ROSES MAHAI BRU. IIOÒER Amue5 PONDS LAKME lờ opnic @ Hamam xá Clin li nee ayush Pears „ xxø Bế Gee ⁄ 4 a CC” _____ 0W aviance : LUX | : _ Pepsodent suns GE ay Lec†ured by Khoa Nguyen Four dimensions of product mix ¢ Product mix width refers to the number of different product lines the company carries. ¢ Product mix length refers to the total number of items the company carries within its product lines.
J v ¢ Product mix depth refers to the number of versions offered of each product in the line. ¢ Product mix consistency refers to how closely related the various product lines are in end use, production requirements, distribution channels, or some other way. Lectured by Khoa Nguyen ee UoÁnÖN DOU} Ág be1nI2©1 Product Porfolio Decisions The company can increase its business in four ways. ¢ Add new product lines, widening its product mix.
¢ Lengthen its existing product lines. ¢ Add more versions of each product, deepening Its oroduct mix. Product Portfolio Mangement 4 Lectured by Khoa Nguyen High Star Question mark 2) The BCG Growth- Market growth rate Low Share 1 Matrix Cash cow Dog High Low Relative market share Lec†ured by Khoa Nguyen The BCG Growth-Share Matrix ¢ Stars are high-growth, high-share products requiring heavy investment to finance rapid growth. They will eventually turn into cash cows.
¢ Cash cows are low-growth, high-share products requiring less investment to maintain market share. * Question marks are low-share products in high-growth markets requiring a lot of cash to hold their share. ¢ Dogs are low-growth, low-share products that may generate enough cash to maintain themselves but do not promise to be large sources of cash. Lectured by Khoa Nguyen c ® > 5) Đ P4 le fe} x M > 4 xo} 1 = Oo © a ¢ Services Service Characteristics S22 SY =0 in INTANGIBILITY INSEPARABILITY VARIABILITY PERISHABILITY Lec†ured by Khoa Nguyen Service Marketing Tasks ¢ DIFFERENTIATION ¢ SERVICE QUALITY * SERVICE PRODUCTIVITY Lectured by Khoa Nguyen Softer flat beds for a deeper sleep.
What Is a Brand? ¢ A brand is a “name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition.” ¢ A Brand could be a lot more than that. Memorable Easily recognized Easily recalled You Know e e 2. Meaningful a Descriptive h Criteria for tước The Lyrics. Likable 15 minutes could save you n In e 15% on car insurance | Rich visual and verbal imagery z Aesthetically pleasing 4.
Transferable GEICO Within and across product categories Across geographic boundaries and cultures get a quote 5. Adaptable Flexible ements se 6. Protectable Legally Competitively „ Memorable Easily recognized Easily recalled. Meaningful Descriptive Persuasive.
Likable Fun and interesting Rich visual and verbal imagery Aesthetically pleasing - Transferable Within and across product categories Across geographic boundaries and cultures. Adaptable Flexible Updatable. Protectable Legally Competitively Criteria for Choosing Brand Elemenis ŒG110 SLD amazon Sorasrx Gra © How Is if orotectable¢ > Thitường Tàichính Doanhnhân Théegidixe Batddngsa ®®' Điểm tin tối 24-4: Neymar châm chọc R.M hậu “siêu kinh điển” :A 4 H " Giành giật chữ "ngon 09/04/2011 11:15 GMT+7 f 3* TT - Hàng loạt rắc rồi, tranh chấp xảy ra xung quanh câu chuyện “qua ăn ngon” (138 Nam Kỳ Khởi Nghĩa, TP.HCM) khi chủ nhà hàng này kết thúc hợp đồng thuê mặt bằng, tìm địa điểm kinh doanh khác. Và tại đây xuất hiện lại “quán ăn ngon 138" với cách bài trí, màu sơn tường gần giống thương hiệu cũ.
ÑNHÓA ẨM THỰC -hủ thương hiệu “Quán ăn ngon” chịu hiệt! Ce J KHOA (LD) - "Quan ăn ngon" - một thương hiệu nổi tiếng không c trong làng ẩm thực Việt Nam mà còn để lại nhiều ấn tượng với du khách quốc tế. Vậy mà giờ đây, sau gần 10 năm gâ dựng nên thương hiệu trên, chủ sở hữu của nó đang bị mộ số người ngang nhiên tước đoạt thương hiệu nổi tiếng này để trục lợi. Types of Brand Elements Logos and Brand URLs Jingles Packaging ¢* Captures the central theme or key associations of a product in a very compact and economical fashion ¢ Most difficult element for marketers to change ¢ Closely tied to the product in the minds of consumers €angaroo. ỚC NÓNG me OLN ae Sec Brand Names ¢ Naming guidelines ¢ Simple and easy to pronounce Fc ¢ Familiar and Meaningful * Descriptive, Unique, and Differentiated Can be based on ¢e people ¢ locations M°5ều ® Onimols brands are ¢ Inherent product meanings Na med (2 e Suggesting important attributes and/or benefits e Prefixes and suffixes `90)|4/119))1958))1421120)19) Dao coffee Lao coffee Thing to remember The way you name your brand would affect the sustainability of your business CV Logos and Symbols * Indicate origin, ownership, or association * Range from corporate names or trademarks written in a distinctive form, to abstract designs that may: * Be completely unrelated to the corporate name or activities mm wet ec.
Hãy nói theo cách của bạn viettel Theo cách của bạn Special type of brand symbol One that takes on human or real-life characteristics Introduced through advertising and can play a central role in ad campaigns and package designs E.: GEICO character Slogans >> }// ° Shor† phrases that ? af communicate descriptive or persuasive information about PRUDENTIAL the brand ¢ Function as useful “hooks” or “handles” to helo consumers grasp the meaning of a brand * Indispensable means of summarizing and translating the ; intent of a marketing program fh AIM acodemy Luôn luôn lắng nghe, luôn luôn mang về A slogan can only be successful if. 4 APOLLO ENGLISH Nâng niu bàn chân Việt ` ey its citi Citi never sleeps’ iam 7HE MILK CHOCOLATE MELTS IN, TỶ YOUR MOUTH = WOT IN YOUR HAND Sometimes, a new slogan could fail badly Should œ logo be changed? Locked ffi} Linkedin NBA BADSYEAR Goodyear iMobil Mobil & JUST DON’T DO IT. Nike us closed US Open Need new name Extra Corona DIVIDED 3 United Lectured by Khoa Nguyen f Starbucks © EASY TARGET. Target OOO O Olympics master card Mastercard ° MUsicdl messages wri†ten around the brand * Have catchy hooks and choruses that become permanently registered in the minds of listeners ¢ Enhance brand awareness by repeating the brand name in clever and amusing ways see E.: Hisamitsu Jingles Packaging * Activity of designing and producing containers or wrappers « From the perspective of both the firm and consumers, packaging must: « Identify the brand * Convey descriptive and persuasive information ¢ Facilitate product transportation and protection * Assist in at-home storage « Aid product consumption á [B] Print| 1a.
u sản Việt Nam thua vi. bao bi! J nông sản qua chế biến của Việt Nam chưa đủ sức cạnh tranh với hàng nông sản ¡ tại các siêu thị ở nước ngoài. "hông thua THái Lan XEM NHIEU Giá xăng đầu tre đồng loạt tăng Trình Chính r án giải cứu như rau” Xănr mY «@ khi bao bi | „ mầu mã st định sản phẩm. Nhưng sẽ ^ hàng nào tiếp cận được chất › bì không đem lại sự thiện cảm.
ầt hiện nay vẫn bị chê tơi tả từ sân nhà tới sân xấu, hoặc. Doanh nghiệp ng, kẻ thì vẫn loay hoay với bài toán đổi