MindMap Gallery Marketing-Chapter 9 Product Strategy
Marketing-Chapter 9 Product Strategy 00058
Edited at 2020-09-23 22:21:17This Valentine's Day brand marketing handbook provides businesses with five practical models, covering everything from creating offline experiences to driving online engagement. Whether you're a shopping mall, restaurant, or online brand, you'll find a suitable strategy: each model includes clear objectives and industry-specific guidelines, helping brands transform traffic into real sales and lasting emotional connections during this romantic season.
This Valentine's Day map illustrates love through 30 romantic possibilities, from the vintage charm of "handwritten love letters" to the urban landscape of "rooftop sunsets," from the tactile experience of a "pottery workshop" to the leisurely moments of "wine tasting at a vineyard"—offering a unique sense of occasion for every couple. Whether it's cozy, experiential, or luxurious, love always finds the most fitting expression. May you all find the perfect atmosphere for your love story.
The ice hockey schedule for the Milano Cortina 2026 Winter Olympics, featuring preliminary rounds, quarterfinals, and medal matches for both men's and women's tournaments from February 5–22. All game times are listed in Eastern Standard Time (EST).
This Valentine's Day brand marketing handbook provides businesses with five practical models, covering everything from creating offline experiences to driving online engagement. Whether you're a shopping mall, restaurant, or online brand, you'll find a suitable strategy: each model includes clear objectives and industry-specific guidelines, helping brands transform traffic into real sales and lasting emotional connections during this romantic season.
This Valentine's Day map illustrates love through 30 romantic possibilities, from the vintage charm of "handwritten love letters" to the urban landscape of "rooftop sunsets," from the tactile experience of a "pottery workshop" to the leisurely moments of "wine tasting at a vineyard"—offering a unique sense of occasion for every couple. Whether it's cozy, experiential, or luxurious, love always finds the most fitting expression. May you all find the perfect atmosphere for your love story.
The ice hockey schedule for the Milano Cortina 2026 Winter Olympics, featuring preliminary rounds, quarterfinals, and medal matches for both men's and women's tournaments from February 5–22. All game times are listed in Eastern Standard Time (EST).
Product Strategy
product description
concepts and levels
Core Products
basic product
Desired product
Extended products
potential products
Product classification
Durability and tangibility
non-durable
Durability
Serve
Consumer buying habits
Convenience products
Optional items
Homogeneous purchase products
Idiosyncratic shopping items
Special product
non-desired goods
Industrial product classification
Materials and components
Raw materials, semi-finished products and components
capital projects
equipment
building
Fixed equipment
Accessory equipment
Light tools and office equipment, etc.
product portfolio
concept
product portfolio
A group of products sold by a specific seller to buyers
product line
Also called product category, it refers to a group of closely related products that can meet similar needs.
product items
Various specific products of different varieties, specifications, and qualities in the product category. They are different from the company's unique products and are also every product listed in the product catalog.
Product portfolio dimensions
width
Multiple different product lines
Broadening the breadth is conducive to expanding business areas, implementing diversified operations, and diversifying business risks.
length
The total number of product items in the product portfolio
depth
The number of product items contained in a product line
Conducive to occupying more market segments of similar products and meeting wider market needs
sticky
The extent to which product lines are related to each other in terms of end use, production conditions, distribution channels, or other aspects
Enable enterprises to enhance competitiveness and establish image in specific market areas
product line decisions
Product line extension decisions
extend downward
extend upward
Two-way extension
product line filling decisions
motivation
Get more profits
Satisfy dealers whose sales have declined due to insufficient product lines
Make full use of excess productivity
Strive to become a leading enterprise with complete product lines
Try to fill market gaps and prevent competitors from invading
avoid
Excessive competition between new and old products of enterprises
Make customers feel the differences between products within the product line
From the perspective of meeting market needs
Product line modernization decisions
Emphasis on the application of new technologies
Product line specialization decisions
Selectively feature one or several product items
Product line reduction decisions
When the profitability of the existing product portfolio is not good, it can be eliminated based on the existing analysis.
Product life cycle and new product development strategy
Product Lifecycle
Product life cycle concepts and characteristics
concept
Refers to the entire process that a product goes through from being put into the market to exiting the market.
feature
Introduction period
Entering the market for the first time, the sales growth area is developing slowly, and the investment is large and the unit cost is high.
growth period
Consumers are already familiar with the products, distribution channels are smooth, sales are increasing, products are mature, costs are low and profits are increasing, competition is intensifying
mature stage
Fierce competition, declining sales growth and absolute levels of sales, and loss of consumers
Recession
Analyze the reasons why products enter a period of decline, including technological advancement, changes in consumer demand, intensified competition, etc.
Product life cycle marketing strategy
Introduction period
quick skimming strategy
High prices, high promotions
Applicable conditions: Consumers in the potential market lack product awareness. People who know the product have the desire to buy and accept high prices. They need to quickly establish brand preference. The product quality and performance are superior to similar products.
slow skim strategy
High prices, low promotions
The market size is limited, consumers are already familiar with the product, and buyers are willing to accept high prices. Potential competition threats are small.
Rapid Penetration Strategy
Low price, high promotion
The market is large, the target market is unaware of the product, buyers are price sensitive, potential competitiveness threats, and unit costs will decrease as production scale expands.
slow penetration strategy
Low price, low promotion
The market is large, this product has high popularity, the market price is sensitive, and there are potential threats
growth period
Product Strategy
Improve quality or add new product features and styles
Channel strategy
Add sales agencies and sales outlets, enter new market segments to meet demand, and maintain market advantages
Promotional strategy
Advertising shifts from product awareness to product preference, focusing on the characteristics of this product and consumer concerns to demonstrate the advantages through comparison of similar products
Price Strategy
Analyze competitors' price strategies based on production costs and market price changes, and lower prices at the appropriate time to attract price-sensitive consumers.
mature stage
market improvement
Increase the number of
Turn non-users into users
Enter new market segments
Win competitors’ users
Increase frequency of use
Try to get users to use the product more frequently
Try to get users to increase their usage each time
Develop new uses for products
Product improvements
improved form
quality improvement
Feature improvements
style improvement
Service improvements
advantage
Conducive to resumes and consolidating the company's leading image
Capable of winning the loyalty of certain market segments
Can bring free publicity to enterprises
shortcoming
It is easy to be imitated by competitors, and it is even difficult to recover the corresponding cost increase.
Marketing mix improvements
Extend the product maturity period by changing pricing, sales channels and promotion methods
Recession
strategic judgment
Determine whether the market demand for the product is weak, and then make a decision on whether to retain or retain the product.
Marketing strategy
Until the industry’s prospects are unclear, maintain the original investment level
Selectively reduce investment, i.e. identify the profit potential of various market segments and reduce investment in markets that lack potential
While reducing investment in certain market segments, the funds will be invested in markets that still have high profit potential to further tap demand.
Quickly divest the business and dispose of the underlying assets in a favorable manner.
new product development strategy
New product concepts and types
concept
An overall product that appears in a certain market for the first time or is provided by an enterprise to a certain market for the first time and that can meet certain consumer needs.
type
New products
new product line
Supplements to current product lines
Improvements and updates to current products
market repositioning
cost reduction
new product development process
idea generation
Find, Inspire, Submit
creative screening
Market, internal company, sales, income conditions
Product concept development and testing
Marketing strategy development
The size structure of the target market and description of consumer purchasing behavior characteristics
Estimated product positioning and sales volume
Expected product price, distribution channels and initial marketing budget
Describe the company's long-term sales and profit goals, as well as marketing mix strategies for different periods
business analysis
Forecast sales, estimate costs and profits
product development
market test
commoditization
Reagents put on the market
Choice of investment location
Target market selection
marketing mix strategy
new product adoption process
know
Consumers are aware of the new product but lack information about it
interest
Consumers are motivated to seek information about this product
evaluate
Consumers consider the wisdom of the new product during the trial period
try out
Consumers use the new product on a small scale to improve their assessment of its value
use
Consumers decide to adopt the new product frequently and fully
Product packaging strategy and service strategy
Product packaging strategy
Type of packaging
primary packaging
secondary packaging
Transport Packaging
The role of packaging
protect goods
Easy to store and transport
Convenient for consumption
Promote sales
Increase value
packaging strategy
Service strategy
concept
A service is an activity, benefit or satisfaction that is sold or sold together with a product. The service may be associated with a tangible product or may be an independent transaction object.
Nature of service
intangibility
inseparability
variability
Timeliness
Type of service
Tangible goods accompanying services
Combination of tangible goods and services
Major services accompanied by minor items or services
pure service
service marketing strategy
Pre-contact service marketing strategy
internal marketing strategy
Train and motivate employees
external marketing strategy
Routine tasks such as pricing, distribution and promotion of services to customers
Service differentiation strategy
tangible differentiation
process differentiation
Image differentiation
Contact Services Marketing Strategy
"Real Moment" Strategy
Self-service strategy
Post-contact service marketing strategy
After-sales service strategy
Service rendering strategy
product brand strategy
The concept and function of brand
brand concept
Attributes
Benefit
value
culture
personality
user
The role of brand
Enterprise perspective
Asset role
image effect
consumer perspective
recognition function
Protective effects
Guarantee function
Brand Equity
concept
financial perspective
Can accurately explain the performance of the company
Make it easier for companies to raise funds
Provide basis for Pierre to make Bingo decisions
market perspective
Focus on the future growth and development of the company, such as brand extension capabilities
consumer perspective
Including brand loyalty, brand awareness, brand recognition, brand associations and other brand assets
Brand Equity Competitive Advantage
Reduce marketing costs
Strengthen the bargaining power of enterprises against middlemen
A business can sell at a higher price than its competitors
Companies can more easily carry out brand extensions
Provide some protection to businesses
brand strategy
branding strategy
Branded
No brand
Products with a high degree of homogeneity do not require a brand, such as coal, wood, etc.
brand user strategy
Manufacturer brand
Dominance, design quality features, etc. are all felt by the manufacturer
Distributor brand
Controllable supply
Controllable purchase price
Retail store shelf space, etc.
Licensed brand
brand name strategy
individual brands
Independent family brand
Portfolio brand
Brand development strategy
Product line expansion
Product line extension
Multiple brands
New brand
Cooperation brand
Brand repositioning strategy
Reposition, no more repositioning