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The role of innovation in business
Distribution channels in supply chain management
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Q1. Aqualisa launched the most significant shower innovation in recent British history: the Quartz shower. The shower provides significant improvements in terms of quality, cost, and ease of installation. In product testing, the Quartz shower received rave reviews. However, early sales of the Quartz have been disappointing. The company is faced with some key issues about whether to change the channel strategy, promotional strategy, and the overall positioning of the product (niche or a mainstream product) in the context of their existing product line.
This case shows that despite the fact Aqualisa had a great product it doesn't necessarily mean that this is going to manifest in great sales of the product.
Innovation needs managing in an integrated way; it is not enough just to manage abilities in a technological superior product. Aqualisa had the generation of a technological innovation but lacked the ability to relate this to end users. The challenge for Aqualisa is in effectively communicating to its customers and making them aware of the fact that they have developed such a product, before their competitors catch up. In order, for Aqualisa to succeed they need to synergise the components of their marketing mix through an effective communication, positioning, and distribution strategies.
In the case in states that only about 60% of U.K homes, consumers are only probably going to buy at most two showers in their lifetime and because key influencers in the decision making process like plumbers where apprehensive of adopting the new technology it also led to the company's low sales because the majority of the UK shower market is made of replacement showers and plumbers tend to remain loyal to their selected brand as it is th...
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...e on the job or reducing their pay packet is a decision they will have to weigh up. Aqualisa should target the next generation of plumbers by sponsoring or donating equipment to plumber apprenticeship programs like from an Irish perspective FAS programs. This would allow plumbers to learn their trade by installing Aqualisa showers and when they venture into the working environment they will use Aqualisa Quartz as it is the product type they are most comfortable with.
In the future it may be possible for Aqualisa to move into the international market as their learning curve moves down and become more cost competitive as electronic showers are the future and as the product moves from the early adopter stage to the majority stage due to the Aqualisa brand name and the quality and ease of use of the product there is an opportunity to become the market leader in Europe.
The International SPA Association (ISPA) released 2013 statistics stating the spa industry generated $14 billion in revenue in 2012 and employed more than 343,000 individuals.The total number of spa visits per year has reached over 160 million. The spa industry has shown an increase in locations, clients, services, and tota...
Popular brands and companies typically rely heavily on brand names to unfairly convince people to buy their specific product, even though another brand would likely work almost the same. In order to do this, those companies use many elements of ethos, but they also attempt to establish the superiority of their brand with logos and pathos. In the commercial, “Colgate Dentist DRTV,” the brand attempts to persuade consumers to buy Colgate Total toothpaste by presenting their name and relatable women, followed by attractive visuals, but ultimately the advertisement fails to provide enough logic to convince a well-informed audience that it truly matters which brand of toothpaste they buy, and that Colgate is better than any
Nevertheless, it must “defend” its current market share if not increase it, by maintaining premium quality and develop innovative products. The marketing mix strategies will effectively achieve targeted revenue and profitability in the near future.
Innovation has rapidly assumed a position of prominence in world competition on a global scale. To compete in this environment, organizations need a level of innovation. As competition becomes more global and time-based, organizations must develop and deliver new and superior products or services in less time. The challenge for modern organizations is to revitalize them so they can successfully and continuously develop newer products and enhance business development.
Miazga, Mike. "Changing with the Times." Plumbing & Mechanical June 2012: 34. Home Improvement Collection. Web. 4 Mar. 2014.
For Aqualisa’s Quartz shower system to become more profitable and accepted in the United Kingdom’s, stagnant, unimaginative, shower market, Rawlinson needs to work to educate all potential consumers on the features and benefits of the Quartz shower system. More importantly, to gain that market share needed to make the Quartz system successful, Rawlinson needs to focus the Quartz marketing efforts on the do-it-yourselfers, and the plumbers. These markets are the areas that this new product and technology would have the most direct effect on, they will be the installers of the product, and in most cases the decision makers on where the system will be installed. Without the acceptance and buy-in of these two key markets, the Aqualisa Quartz shower system will not grow its market share or change the perception of showers in the United Kingdom.
Shower buyers fall in three pricing segments: premium, standard and value. First, premium segment is conducted of people who mainly shop in showrooms. Their focus is on great service and high performance. Second segment is called standard. Customers in this segment rely on plumber recommendation and emphasize performance and service. Value segment conducts mainly customers who are primarily concerned with convenience and price. Thus, they like to avoid excavation and also tend to rely on independent plumber in selecting a product. Value segment falls in with DIY market, where people tend to buy in large retail shops, interested mainly in inexpensive models that are easy to install and they are also strongly price sensitive.
The key stakeholders are Peter Vyas, the manager of filtration unit and Cynthia Jackson who is the vice president of water management division. Vyas was convinced that the survival of the unit depended upon innovative growth and thus he appointed a technology evaluation team with the responsibility of using technology to solve the problem of obtaining clean water in remote regions, by developing a small-scale oxidation system that enabled waste-water disinfection in small batches. His utmost concern is the technological aspect of developing the product. On the other hand, Cynthia’s perspective was shaped by the marketing angle of the product. She recommended the development of future proposals using a rigorous three phase process which links the markets analysis and technological development to busines...
Aqualisa launched the most significant shower innovation in recent British history: the Quartz shower. The shower provides significant improvements in terms of quality, cost, and ease of installation. In product testing, the Quartz shower received rave reviews from both consumers and plumbers alike. However, early sales of the Quartz have been disappointing. Now, the company is faced with some key issues about whether to change the channel strategy, promotional strategy, and the overall positioning of the product (niche or mainstream product) in the context of his existing product line.
As you can see, Sea Goddess needs to undergo some major changes. These changes could help lead to a more positive business image. The strategies that have been rejected in this report will help lead SGC to increased profits and customer awareness.
Mistine’s strengths include its brand recognition in Thailand due to their advertising efforts (Ferrell & Hartline, 2011). The company also has strengths in the value of their products (Ferrell & Hartline, 2011). Not only that, consumers feel they are getting a quality product for the low price (Ferrell & Hartline, 2011). Even if the consumer is not satisfied, Mistine offers a satisfaction guarantee that would also be considered a strength in their customer relations (Ferrell & Hartline, 2011). The global economy downturn has also helped them, because the value of their products is more enticing to someone who is concerned about their personal finances (Ferrell & Hartline, 2011).
emerging or new market. It can originate from new technology or new market opportunities (Eliashberg, J., Lilien, G. L., & Rao, V. R. 1997). Literature defines product development as exploiting an untapped market opportunity and turning it into a value product for customer satisfaction. Development and introduction of a new product requires extensive research on understanding customer needs, market structure, emerging trends and analysing the internal & external competitive market environments. To evaluate customer satisfaction previous researches provide strong relationship between customer satisfaction and product quality, product features and value for money. ***
Consequently, should you be searching to have a new standalone shower in your home, it could be an excellent concept to shop at one of the local dwelling improvement stores. In truth, home improvement shops, particularly sizeable ones, are recognized for their displays. So as to discover the best shower for your soon to be remodeled bathroom, you might need to see these displays; having said that, if the displays aren't as essential to you, you may also desire to think about shopping on line. Regardless of whether or not you shop, no matter whether it be on line or locally, you might would like to attempt and obtain shower kits or packages. These kits and packages are not only handy, but they may perhaps also save you
Excellent service – with application engineers who design and assist in planning your complete water treatment solution. Also, their services for the delivery of salt, filter changes and maintenance are completely reliable.
Of course I am already using those, because I have smarter taps, having dishwasher and good washing machine to reduce the monthly bill I need to pay for the fresh water.