Dear readers, Very soon I will write about marketing strategy of Ford FIGO (small car) for Indian market. please wait, two days more....................
The national capital is set to get a state-of-the-art convention centre on the lines of the ones in Shanghai, Hong Kong and Singapore for hosting exhibitions, trade fairs and summits of international standards. To be constructed in Dwarka’s Sector 25, three kilometers from the IGI airport in south-west Delhi, the two-phased project was approved by the Union cabinet in November while the contracts were awarded last week. Architects working on the project, billed as one of the biggest in Asia, said it is conceived as a smart, zero energy, world-class facility designed for an events like G-20 summit. The exhibition-cum-convention centre in Dwarka and its allied infrastructure which includes, an arena, primary structure, Delhi Metro, road connectivity, hotels and office spaces, is being constructed at an estimated cost of ₹25,703 crore. It will be completed by 2025, a statement of Union ministry of commerce and industry informing about the Cabinet decision said.
You might have heard about Limited Edition. It was concept of publishing industry but now this is concept of Marketing which marketers used to implement while launching of products or rejuvenating. Initially company were using this strategy for automobile and consumer durables and now it is being used for any products either it is FMCG or consumer durables. The main logic of this concept is to create excitement about product in market and aware the consumers about products very quickly and of course this is most profitable way. Why it is profitable because when product comes with limited edition consumers wants to pay high price because product is loaded with features or unique in market. Initially companies were not using this strategy often but now it became part of marketing strategy.There are various reasons for doing this type of implementation but I will write about few reasons of "Limited Edition" these are followings- 1. Brand Rejuvenation- This is the very first reas...
Marketing Myopia is a term used in marketing which has been written by Theodore Levitt. Basically this concept talks about short sightedness of an Industry or any product or services by company or marketers. In this post I will write about this concept in brief with example for better understanding. According to Mr. Levitt they started talking about first Railroads. In case of railroads there was not a fault in management however there were fault in vision of long term. They took railroads only in terms of railways instead of taking in entire Transportation solution. This concept say that instead of taking it in one way of solution they should take in to in a way of entire solution. So, this is what we called as Marketing Myopia. They are giving excuse that car and other transportation services have destroyed the drastic growth of this sector. Again there is time to think out of the box. Second example is the Bollywood industry again there is also same problem. In case of Bollywood wha...
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