Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
It's a New Day: Microsoft's Office 2007 Launch Campaign Marketing Strategy Analysis & Solution
Marketing & Sales Case Study Analysis and Solution
At Fern Fort University, we use Harvard Business Review (HBR) marketing principles and framework to analyze It's a New Day: Microsoft's Office 2007 Launch Campaign case study. It's a New Day: Microsoft's Office 2007 Launch Campaign is a Harvard Business Review case study written by Mohanbir Sawhney, Sachin Waikarfor the students of Sales & Marketing. The case study also include other relevant topics and learning material on – Product development
Strategic Marketing Analysis of It's a New Day: Microsoft's Office 2007 Launch Campaign case study written by Mohanbir Sawhney, Sachin Waikar will comprise following sections –
- It's a New Day: Microsoft's Office 2007 Launch Campaign Case Description
- Marketing Definition
- Market Potential Analysis of It's a New Day: Microsoft's Office 2007 Launch Campaign
- Market Share Potential Analysis
- Segmentation and Segment Attractiveness Analysis
- Competition and Competitiveness Analysis of It's a New Day: Microsoft's Office 2007 Launch Campaign
- Customer Value Analysis of It's a New Day: Microsoft's Office 2007 Launch Campaign case study
Order Now - It's a New Day: Microsoft's Office 2007 Launch Campaign Marketing & Sales Case Study Solution
Order Now - It's a New Day: Microsoft's Office 2007 Launch Campaign Porter 5 Forces and Strategy Analysis
It's a New Day: Microsoft's Office 2007 Launch Campaign Marketing Case Description
Sales & Marketing Case Study | Authors :: Mohanbir Sawhney, Sachin Waikar
Microsoft's Office team was developing the marketing communication plan for its new product, Office 2007. Office was a very mature product and several versions of the product had been introduced over more than 20 years. As such, the new version had to overcome the consumer perception that the versions of Microsoft Office that they already have are "good enough" for them. The Office 2007 marketing team has come up with a two-step campaign strategy that sought to first create awareness and intrigue using traditional media, followed by the heavy use of digital media to get consumer to experience the product through different types of "digital experiences." The team needs to decide how much of its advertising spending it should shift from traditional media to digital media, how to design the most effective digital experiences and how to measure the effectiveness of digital experiences. The case is set at a time when digital media were emerging as a promising way to engage consumers more deeply with brands and products, but marketers were uncertain about the relative effectiveness of different digital marketing tactics and the optimal mix of traditional versus digital marketing channels for different product, market and campaign contexts.
According to American Marketing Association – Marketing is a set of activities that a firm undertakes for creating, communicating, delivering, & exchanging offerings that have value for customers, clients, partners, and society at large.
Kotler explains - Marketing is a process by which organizations can create value for its potential and current customers and build strong customer relationships in order to capture value in return.
Market Potential Analysis of It's a New Day: Microsoft's Office 2007 Launch Campaign
Market potential analysis comprises evaluating the overall market size of the related product that the firm is planning to launch. This will involve defining – Why the target market segment needs the product and how it will provide a solution to full its consumers’ needs. Market potential of It's a New Day: Microsoft's Office 2007 Launch Campaign products various on factors such as –
- Maturity of the market. In mature markets the profitability is often stable but the market potential is less as most of the players have already taken market share based on the segment they are serving. New players have to go for market share strategies in marketing.
- Technological competence of the existing players and culture of innovation and development in the industry.
- Untapped market sizes and barriers to both enter the market and serving the customers. Often companies can easily see the unfulfilled needs in the markets but they are difficult to serve as there are costly barriers.
- Define the core need that your product is serving and list out all the direct and indirect competitors in the market place. This will help not only in positioning of the product but also in defining or creating a segment better.
- Uncovering the current and untapped market sizes and barriers to serving the larger market. Analyze the areas that you need to sort out while launching the products to wider market and what are the challenges the firm will face in market place.
- Estimate the current stage in product life cycle and its implications for marketing decisions for the product.
Market Share Potential Analysis
- Understanding the buyer behavior model for It's a New Day: Microsoft's Office 2007 Launch Campaignindustry.
- Identifying the market share drivers relevant to It's a New Day: Microsoft's Office 2007 Launch Campaign market.
- Segment Attractiveness Analysis – Our analysis will work out which are the most attractive segments and which are the one the firm should go ahead and target. We point out in great detail which segments will be most lucrative for the company to enter.
- Understanding the different needs and relative value of your offering by segment.
- Developing segment priorities and positioning the product based on the product need fit developed by the firm.
Competition & Competitive Position Analysis
- Uncovering customer-based competitive positions for key rivals and firm’s offering. This will not only help in assessing the strengths and weaknesses of the competitors but also help in defining and positioning of the product.
- Developing a positioning and launching strategy. It will require not only distribution channel analysis but also promotion mix for the product.
- Strategic Marketing Planning — the process of developing and maintaining a strategic fit between the organization’s objectives and capabilities and the ever evolving marketing opportunities for its products.
It's a New Day: Microsoft's Office 2007 Launch Campaign - Customer Value Analysis
Capturing customer value is essential to marketing efforts as it results in higher return in the form of both current & future sales, greater market share, and higher profits. By creating superior customer value, the organization can create highly satisfied customers who stay loyal and buy more. This, in turn, means greater long-run returns for the firm.
- The crucial role of customer perceived value in acquiring and retaining profitable customers. Product differentiation is often based on building on a value niche that a firm believes that is very important to the customer. This niche contributes to perceived value. If the perceived value is high then customer stay loyal to the product if not then she can switch to the competitor’s product.
- Graphically displaying value differences for deeper understanding and better internal communication. This helps is building a narrative that a customer can identify with. The better the insight more are the chances of connecting with the potential customers.
- Identifying and selecting actionable value creation options. This can help in increasing the customer lifetime value. Customer lifetime value is the value of the entire stream of purchases that the customer would make over a lifetime of patronage.
NOTE: Every marketing case study solution varies based on the details and data provided in the case. We write unique marketing strategy case solution for each HBR case study with no plagiarism. The specific case dictate the exact format for the case study analysis.
Next 5 Marketing Case Study Solution
- TV Guide (A) Marketing Strategy Solution
- Nettwerk: Digital Marketing in the Music Industry, Spanish Version Marketing Strategy Solution
- Sunbeam Television (B) Marketing Strategy Solution
- TiVo, Chinese Version Marketing Strategy Solution
- WE Marketing Group: Building a Global Marketing and Communication Company in China Marketing Strategy Solution
Previous 5 Marketing Case Study Solution
- El Diablo: The Corner Cleaner Affair Marketing Strategy Solution
- Monocle Marketing Strategy Solution
- Business Systems Group and the Triathlon Sponsorship Question Marketing Strategy Solution
- XM Satellite Radio (C): The Next Generation of Radio Receivers Marketing Strategy Solution
- State-Record Newspaper: The CyberState Edition (A) Marketing Strategy Solution
HBR Case Studies Solutions
- TV Guide (A) Porter, SWOT,& PESTEL Analysis
- Nettwerk: Digital Marketing in the Music Industry, Spanish Version Porter, SWOT,& PESTEL Analysis
- Sunbeam Television (B) Porter, SWOT,& PESTEL Analysis
- TiVo, Chinese Version Porter, SWOT,& PESTEL Analysis
- WE Marketing Group: Building a Global Marketing and Communication Company in China Porter, SWOT,& PESTEL Analysis