2. Profile
Summary: Early Growth Stage; Marketing two electronic
products.
Objective: Secure increasing market share and revenue over
time by accurately satisfying the needs of each target
population with products TONE and TOPS.
TONE
Description: High End
Target Market: Professionals, High Earners
TOPS
Description: Medium to High End
Target Market: Explorers
TRIUMPH Company 2
4. TONE:
Distribution: Specialty Stores/Mass Merchandise stores.
Production: 150,000 units.
Advertising: $2,429k for advertising media and $100K for research.
TOPS:
Distribution: Specialty Stores
Production: 50,000 units
Advertising: $2,711k for advertising media and $100K for research.
TRIUMPH Company 4
5. TONE:
Distribution: Specialty Stores/Mass Merchandise stores/Online
stores.
Production: 150,000 units.
Advertising: $2,329K for advertising media and $100K for research.
TOPS:
Price: Reduced price
Production: 50,000 units.
Advertising: $2,611K for advertising media and $100K for research.
Distribution: Specialty Stores
TRIUMPH Company 5
6. TONE:
R & D: Targeting High Earners.
Price: Reduced price
Distribution: Specialty Stores / Mass Merchandise stores
Production: 60,000 units.
Advertising: $2,700K for advertising media and $100K for research.
TOPS:
Distribution: Increased salespeople Specialty Stores/Online Stores.
Production: 90,000 units.
Advertising: $2,800K for advertising media and $100K for research.
TRIUMPH Company 6
7. TONE:
Price: Reduced price
Distribution: Specialty Stores / Mass Merchandise stores
Production: Increased production
Advertising: $2,800K for advertising media and $100K for research.
TOPS:
Distribution: Specialty Stores/Online Stores.
Production: Increased production
Advertising: $2,800K for advertising media and $100K for research.
TRIUMPH Company 7
8. TONE:
R & D: Applied R&D project developed in period 3 for TONE
Distribution: Specialty Stores for High Earners.
Production: 85K units .
Advertising: $2,400K for advertising media and $100K for research.
TOPS:
R&D: Applied previously developed R&D project for TOPS.
Production: 140K units
Advertising: $2,971K and $100K for advertising and research
Distribution: Maintained the same distribution channels for
Explorers.
TRIUMPH Company 8
9. TONE:
Price: Decreased our price slightly
Distribution: Specialty Stores for both High Earners and
Professionals.
Production: 85K units.
Advertising: Increased advertising budget toward target segments.
TOPS
Production: 140K units .
Advertising: Increased our budget for advertising toward the
Shoppers segment.
Distribution: Maintained the same distribution channels for
Explorers.
TRIUMPH Company 9
10. TONE:
Price: Decreased our price slightly
Distribution: Specialty Stores for both High Earners and
Professionals.
Production: Reduced production
Advertising: Decreased advertising budget
TOPS
Production: Requested reduced production.
Price: Maintained same price.
Advertising: Maintained the same budget
Distribution: Maintained the same distribution channels for
Explorers.
TRIUMPH Company 10
11. Key to success
Targeted product R&D
Management of distribution channels
Adjustments
Target both Shoppers and Explorers
More effective market forecasting
R&D additional products targeting Savers
TRIUMPH Company 11
Notas del editor
How did you do? (3 min.) • Overall firm performance $455M in revenue, $104M in contribution after marketing • Performance of each brand • Performance in each segment
TONE: Distribution : Increased salespeople Specialty Stores/Mass Merchandise stores. Production : Considered sales forecast for TONE, along with existing inventory levels (1 unit), requested Production Department manufacture 150,000 units. Advertising : Spent 2429k dollars in advertising to improve brand awareness and purchase intentions. TOPS: Distribution : Increased salespeople Specialty Stores Production : Considered the sales forecast for TOPS, along with existing inventory levels (24 units); requested Production Department manufacture 50,000 units Advertising : Spent 2711k dollars in advertising to better increase brand awareness and purchase intentions.
TONE: Distribution : Increased salespeople in Specialty Stores / Mass Merchandise stores/ Online stores Production : Considered the sales forecast for TONE, along with 1K inventory levels; requested Production Department manufacture 150,000 units. Advertising : Spent 2,429K dollars in advertising. TOPS: Price: Reduced price in accordance with preferences of the Explorers. Production : Considered the sales forecast for TOPS, along with 24K units inventory level, requested that the Production Department manufacture 50,000 units. Advertising : Spent 2,711K dollars in advertising in order to better increase brand awareness and purchase intentions. Distribution : Increased salespeople Specialty Stores
TONE: R & D: Created an R & D project to improve the value toward High Earners. Price : Reduced price in accordance with preferences of the High Earners & Professionals. Distribution : Increased salespeople in Specialty Stores / Mass Merchandise stores Production : Considered the sales forecast for TONE, along with existing inventory levels (46 unit); requested Production Department manufacture 60,000 units. Advertising : Spent2700K dollars in advertising. TOPS: Production : Considered the sales forecast for TOPS, along with zero inventory level, requested that the Production Department manufacture 90,000 units. Advertising : Spent 2800K dollars in advertising in order to better increase brand awareness and purchase intentions. Distribution : Increased salespeople Specialty Stores/Online Stores.
TONE: Price : Reduced price in accordance with preferences of the High Earners & Professionals. Distribution : Increased salespeople in Specialty Stores / Mass Merchandise stores Production : Increased production based on the sales forecast for TONE, along with no inventory levels Advertising : Spent2800K dollars in advertising. TOPS: Production : Increased production based on the sales forecast for TONE, along with no inventory levels Advertising : Spent 2800K dollars in advertising in order to better increase brand awareness and purchase intentions. Distribution : Increased salespeople Specialty Stores/Online Stores.
TONE: R & D: Applied R&D project developed in period 3 for TONE toward our goal of improving purchase intention. Price : Maintained the current price for TONE as it is consistent with our targeted segments value. Distribution : Continued to focus our distribution in Specialty Stores for High Earners. Production : Requested production of 85K units . Advertising : Budget ed$2400 for advertising media and $100K for research. TOPS: R&D: Applied previously developed R&D project for TOPS. Production : Requested production of 140K units based on the previous period sales and R&D. Price : Maintained the same price for this period. Advertising : Budgeted $2971K and $100 for advertising and research, respectively. Distribution : Maintained the same distribution channels for Explorers.
TONE: R & D: Continued to apply R&D project developed in period 3 for TONE. Price : Decreased our price slightly as TONE remains the highest priced product directed toward the High Earner and the Professional market. Distribution : Continued to focus our distribution in Specialty Stores for both High Earners and Professionals. Production : Requested production of 85K units. Advertising : Increased advertising budget toward target segments. TOPS: R&D: Applied previously developed R&D project for TOPS. Production : Requested production of 140K units . Price : Maintained same price. Advertising : Increased our budget for advertising toward the Shoppers segment. Distribution : Maintained the same distribution channels for Explorers.
TONE: R & D: Apply R&D project developed in period 3 for TONE. Price : Decreased our price slightly as TONE remains the higher priced product directed toward the High Earner and the Professional market. Distribution : Continued to focus our distribution in Specialty Stores for both High Earners and Professionals. Production : Reduced production as there was excessive amount of inventory. Advertising : Decreased advertising budget toward target segments as we did not have enough budget. TOPS: R&D: Applied previously developed R&D project for TOPS. Production : Requested reduced production. Price : Maintained same price. Advertising : Maintained the same budget for advertising toward the Shoppers segment. Distribution : Maintained the same distribution channels for Explorers.
Key to success Targeted product R&D: We successfully utilized the research & development tools to determine our target market’s needs and consistently adjusted our product according to the information gathered. Distribution channels: We demonstrated consistent and effective management of distribution channels, providing our target markets with their desired product in their preferred shopping arena. Different approach Adjustment: Target both Shoppers and Explorers for the purposes of increasing and broadening revenue and market share. Adjustment: More effective market forecasting with regard to production toward a result of increased accuracy in predicting sales, thereby reducing roll over product and/or sell outs across decision periods.