1.) The character of the customers changed dramaticly. Customers in the mass market now are consumers (not modelers) with short dwell time in the modeling.

Slides:



Advertisements
Similar presentations
Customer Acquisition – Energy. Customer Sources 1.Yourself 2.Prospects who do not get involved with the opportunity 3.Everyone Else – Warm Market.
Advertisements

WHAT IS M L M.
B2B Advertising.
1.Determine pricing objectives 2.Study costs 3.Estimate consumer demand 4.Study the competitions prices 5.Decide on a pricing strategy 6.Set price.
Chapter 1 Introduction. Why study Labor Markets? - Personal gain - would it be wise to train to be a blacksmith in Nebraska? What about a soybean farmer?
Welcome to PMBA0608: Economics/Statistics Foundation Fall 2006 Sessions 1 August 25.
The RC radio function chaine Every electronic device needs power. In case of RC products it is always battery power, as the models are always used out.
Competitive Strategy.
Sentence Blending and Variation. Start with two simple sentences. My friend likes to play a game. The game is soccer.
Who I am Please press key Klaus Westerteicher
Drones, a market survey In the modeling market drones are THE growing product group But – this market is not driven from customers which are thinking.
Operations Strategy. What is Operations Strategy ? Operations Strategy is concerned with setting broad policies and plans for using firm resources to.
Futaba product range, vision In the following sheets a new range of products is shown as a vision. As every vision, it is a view from today into the future.
SM3121 Software Technology Mark Green School of Creative Media.
MANAGEMENT OF MARKETING PRICING STRATEGIES. LEARNING INTENTIONS/SUCCESS CRITERIA LEARNING INTENTIONS: I understand the role of PRICING as part of the.
Copyright © 2002 by Harcourt, Inc. All rights reserved. Topic 3 : Business Objectives Lecturer: Zhu Wenzhong.
At its most basic definition, price is the monetary value charged for a product or a service – or the total value the consumer gives up in order to gain.
Different Types of Economies
Marketing Preview 3. What product can I sell where at what price? 2. How are markets analysed? 1. What is marketing? 4. Have my marketing measures been.
Consumer Motivation. Represents the drive to satisfy both physiological and psychological needs through product purchase and consumption Gives insights.
SOPHIE LAPIERRE The History of Marketing. Evolution of marketing This picture is of the evolution of marketing. It shows that humans have always been.
Sabina Dossaliyeva Brianna Gilstrap Blair Lawrence Pizza Hut vs Domino’s (860) :Ate pizza for the 3rd time today, can't decide if that's disgusting or.
The Marketing Mix Price
Capitalism and Free Enterprise
Economics Introduction:
Basic Principles of a world-class Loyalty Programme (1/7)
 How have you faced competition?  How would you define competition in economic terms?  What does perfect competition mean to you? DO NOW.
10-3 Pricing Factors DO NOW: When purchasing an item how do you determine whether the asking price is a good value?
The Free Enterprise System
Use communication skills to influence others..  Persuasion is an important part of communication  Want others to understand your message and agree with.
© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Personal Decision Making 20.1Making Better Decisions 20.2Spending.
QBook UNIT 3 Strategy Planning. QBook INTRODUCTION  With clear goals, the next step in preparing for a negotiation is the plan the strategy and tactics.
Chapter © 2010 South-Western, Cengage Learning Personal Decision Making Making Better Decisions Spending Habits 20.
Smart Ways to Raise Prices Presented by Scott A. Riccio Of NorthEast Trailways Lewiston, Maine.
By: Lindsay. I hope you enjoy my PowerPoint on Reflective Thinking. In this PowerPoint there will be creativeness and reflective thinking. Creativeness.
Shortages and Surpluses. Businesses have to figure out what price to charge consumers Also, they have to try to figure out how much of their product the.
Principles of Marketing “ Marketing : Managing Profitable Customer Relationships”
ENTREPRENEURSHIP I Ind – Develop a foundational knowledge of pricing to understand its role in marketing. (Part I)
Algebraic Thinking 5 th Grade Guided Instruction Finding Rules and Writing Equations For Patterns.
How Prices are Determined In a free market economy, supply and demand are coordinate through the price system. Everyone who participates in the economy.
Week 2. The 4 P’s of Marketing Product Place Price Promotion.
Back to Table of Contents pp Chapter 2 Economic Resources and Systems.
Internet Marketing Sales & Recruiting
MOORE MEDICAL CORP. Buket Güney Nükhet Agar. About Moore Medical… Moore Medical Group serves in the area of medical products since It is serving.
What does it take to turn AR chaos into AR control? It doesn’t start with systems OR processes…it starts with people.
Consumers – The Engine That Runs the Economy Personal Finance Chapter 1.
Bad commercials: Part Dos!. 4 Ps of Marketing: Price.
ORDER OF OPERATIONS. Did you get one of these numbers as an answer? 18? 12? SOLVE THIS PROBLEM.
Price Floors and Ceilings We already know that markets tend to move towards equilibrium naturally, but sometimes this can create problems in the real-
By: Keyla M. Pagán. Worry Wealth Guide To Stock Market Chapter 2: What are Capital Market & Why are they so important? Capital markets – are processes.
Starter - Product pricing Who do you think sets the prices for these good? Which are high prices and which are low?
Pricing a Product. Pricing in marketing The price of a product is determined by many things demand for the product where the business wants to be in the.
Chapter © 2010 South-Western, Cengage Learning Personal Decision Making Making Better Decisions Spending Habits 20.
Economic Resources and Systems Chapter 2 pp
Course Name: Principles of Marketing Code: MRK 152 Chapter: Nine Advertising and Public Relations.
Cloud Computing 10 Cloud Computing 10. Cloud Computing 10 You’ll have heard about the ‘Cloud’ Lots of you will use it! But you need to be clear about.
©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
NDA policy with FTR (Futaba transmitter ready)
PRICES UP, PRICES DOWN ACTIVITY
HOTEL PRICING STRATEGIES
BIA 674 – Supply Chain Analytics
Chapter 7: Pricing Mr. Singh.
Personal Decision Making
Building Competitive advantage through functional level strategies
Branding and Differentiation… Thursday 24th October 2013
Building Competitive advantage through functional level strategies
Why are we here? Why are we here together? Why did our companies invest the time and money to have us go through this process? (Take responses and put.
PRICES UP, PRICES DOWN ACTIVITY
To replace this picture, just select and delete it
Presentation transcript:

1.) The character of the customers changed dramaticly. Customers in the mass market now are consumers (not modelers) with short dwell time in the modeling. 2.) The mass market changed to customers with lower budgets, as the user has several hobbies. Price levels and complexity must be reduced. 3.) Ready built models (RTF) with Radios changed the world of RC. This was the reason for the new type of customers. We must face several changes in the modeling market 4.) In the past, the TX was the center in the modeling life of the customer. 7.) Customer demand changed to much less complexity of the function chain. Now fast and positive succes flying the model, is necessary. This also is important for the active modeler. 6.) The meaning of the TX or radio system is much less important for the customer. 8.) Modeling products are not necessary for the daily life. Other products for leisure are existing in very high varieties. Therefore the modeling product must attract the reward system in the customers brain. Remember the RC marketing basics 5. For most customers now the TX or RC system is only a part of the model. 9.) A product must solve a problem of the user. Without a user problem, a product itself for that is a problem. Please press key

Generall issue: Every product must solve a problem, otherwise it can´t be succesful Proof: Why 2,4 GHz got a standard so fast? Example for wrong market understanding: Why S-Bus system ? The S-Bus solves a problem NO customer has. It was no need to change to one lead for all servos. But with the S-Bus, he has a problem, as it increases complexity enormously.….. It solved a real existing problem….. : Switch ON radio and Fly without asking other modelers. Which problem of a modeler does the S-Bus solve? My perception: One reason why the S-Bus was not succesful was its increase of complexity. Since we have the S-Bus, Futaba has lost market shares, this has something to do with each other, the S-Bus is not market- or customer driven A customer doesn`t like to be forced to something, example 2,4GHz systems. If we force him to decide between products, he must have a very big advantage with our product. The only demand for a part of the S-Bus is the serial signal output for stabi systems in helicopters and copters. But most of all it was not handled consequently as a closed user system (like Apple), see PWM adaptors. It is always a compromise, it tried to get all customers instead of demanding a clear decission

This doesn`t promote Futabas sales. As these producers do also use M-bus, Hott, Spektrum, Jeti, JR-X bus aso. in their devices. Who takes advantage out of NDA for S-Bus? S-Bus allows other companies to make money: With the S-Bus other companies are making profits, Futaba doesn`t get any money for it. What do we learn ? Flying or driving is the goal, not building or programming, not complexity The S-Bus didn`t follow these simple rules Modeling must make (fast) FUN, building or programming interfere the success. Fast and easy to reach success must be guaranteed with a product. Not one of the NDA customers have shown here products as a proof to robbe (which was the job of robbe) Then there is no advantage for Futaba, but for all these accessory suppliers. Other problems with the S-Bus We need the complete function chain for a model, offered from Futaba. The S-Bus allows to built an airplane with only a small S-Bus receiver. All the rest of an expensive airplane is coming from other producers. Every day it gets more important in regards to product liability. We must get to a point were we can say the customer can use what he wants in his airplane, but if he don`t use the Futaba function chain, we can`t be responsible for a crash.

Besides the S-Bus doesn`t solve a user problem, the following is a view from the strategy side of the S-Bus. Who takes advantage out of NDA for S-Bus? Power BOX. He supplies his Power Box, and customers of every 2,4GHz system can use it. His profits are based on other producers work. And his profit employs 20 people in Germany. Only one has an advantage and makes profit with it: Then of course it is abolutely no advantage anymore for one of the 2,4GHz systems. But the Power Box also is using the protocolls from M-Bus, Hott, Jeti, Spektrum, JR-X bus, aso. in their devices. As long as Power Box only supplies his products with Futaba –S-Bus, of course it supports Futaba sales. As power box is market leader for these power supply, it seems to be an advantage for Futaba – seems to be…… Example Power Box got the S-Bus protocoll, They added it into their products, which are high class and very expensive power supply for RX. Futaba RX can be connected to the Power Box, using only one lead and in addition also the telemetry data out of the Power Box.