Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Bajaj RE60: The Branding Challenge of Disruptive Innovation 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 Bajaj RE60: The Branding Challenge of Disruptive Innovation case study. Bajaj RE60: The Branding Challenge of Disruptive Innovation is a Harvard Business Review case study written by Srividya Raghavan, Saurabh Bhattacharyafor the students of Sales & Marketing. The case study also include other relevant topics and learning material on – Disruptive innovation, Manufacturing
Strategic Marketing Analysis of Bajaj RE60: The Branding Challenge of Disruptive Innovation case study written by Srividya Raghavan, Saurabh Bhattacharya will comprise following sections –
- Bajaj RE60: The Branding Challenge of Disruptive Innovation Case Description
- Marketing Definition
- Market Potential Analysis of Bajaj RE60: The Branding Challenge of Disruptive Innovation
- Market Share Potential Analysis
- Segmentation and Segment Attractiveness Analysis
- Competition and Competitiveness Analysis of Bajaj RE60: The Branding Challenge of Disruptive Innovation
- Customer Value Analysis of Bajaj RE60: The Branding Challenge of Disruptive Innovation case study
Order Now - Bajaj RE60: The Branding Challenge of Disruptive Innovation Marketing & Sales Case Study Solution
Order Now - Bajaj RE60: The Branding Challenge of Disruptive Innovation Porter 5 Forces and Strategy Analysis
Bajaj RE60: The Branding Challenge of Disruptive Innovation Marketing Case Description
Sales & Marketing Case Study | Authors :: Srividya Raghavan, Saurabh Bhattacharya
Bajaj Auto Limited (BAL), the world's largest manufacturer of three-wheel vehicles, was about to launch India's first quadricycle, built indigenously for applications that were uniquely useful for urban transportation in developing markets such as India. The four-wheel vehicle was being launched as a completely new category in the Indian market by BAL's Commercial Vehicle division. The dilemma facing the BAL team was whether to brand the new product as an extension of the company's three-wheel market leader or as an independent brand. Furthermore, what degree of endorsement would be required from the master brand, "Bajaj"? The potential success of this vehicle would have a profound effect on BAL's ability to develop its brand image and carve out a leadership position in a new category of commercial vehicles in India. Srividya Raghavan is affiliated with Institute of Management Technology, Hyderabad. Sourabh Bhattacharya is affiliated with Institute of Management Technology, Hyderabad.
Disruptive innovation, Manufacturing
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 Bajaj RE60: The Branding Challenge of Disruptive Innovation
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 Bajaj RE60: The Branding Challenge of Disruptive Innovation 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 Bajaj RE60: The Branding Challenge of Disruptive Innovationindustry.
- Identifying the market share drivers relevant to Bajaj RE60: The Branding Challenge of Disruptive Innovation 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.
Bajaj RE60: The Branding Challenge of Disruptive Innovation - 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
- The Times of India: Start the Presses Marketing Strategy Solution
- Pequignet: The Face of the Renaissance of French Haute Horlogerie Marketing Strategy Solution
- Crown Distilleries: Multi-Brand Extension Marketing Strategy Solution
- Pintura Corporation: The Lena Launch Decision Marketing Strategy Solution
- Make in India: The Operating and Marketing Challenge Marketing Strategy Solution
Previous 5 Marketing Case Study Solution
- Reckitt Benckiser: Developing a New Laundry-Care Category in India Marketing Strategy Solution
- Boise Automation Canada Ltd.: The Lost Order at Northern Paper (B) Marketing Strategy Solution
- Mukunda Foods Private Limited: The Consumer Market Foray Marketing Strategy Solution
- Titan Raga: Evolving a Watch Brand for the Changing Consumer Marketing Strategy Solution
- Jane's Short & Sweet: Purpose, People, and Profit Marketing Strategy Solution
HBR Case Studies Solutions
- The Times of India: Start the Presses Porter, SWOT,& PESTEL Analysis
- Pequignet: The Face of the Renaissance of French Haute Horlogerie Porter, SWOT,& PESTEL Analysis
- Crown Distilleries: Multi-Brand Extension Porter, SWOT,& PESTEL Analysis
- Pintura Corporation: The Lena Launch Decision Porter, SWOT,& PESTEL Analysis
- Make in India: The Operating and Marketing Challenge Porter, SWOT,& PESTEL Analysis