Marketing Mix Of Nihilent and STRATE From Knowledge Transfer to Transformation

Posted by Zander Henry on Aug-22-2018

1. marketing mix

1.1. Understanding the marketing mix

• The marketing mix is an important set of marketing tools and characteristics that a firm uses to increase penetration in the target market groups
• Using the marketing mix strategically includes focusing on seven important aspects of marketing and branding for an organization, namely: product, place, price, promotion, people, process, and physical evidence

1.2. Importance of marketing mix

• The marketing mix helps a company choose and decide on a suitable marketing strategy
• The marketing mix also helps a company in resource and budget allocation to different aspects of the marketing strategy and product development
• The marketing mix also allows a company to choose the right and effective marketing tactics for its promotional needs

2. Marketing mix for Nihilent and STRATE From Knowledge Transfer to Transformation

Nihilent and STRATE From Knowledge Transfer to Transformation makes use of the marketing mix strategically to achieve not only the marketing objectives but also the broader organizational objectives.

Marketing Mix Nihilent and STRATE From Knowledge Transfer to Transformation is presented below:

2.1. Product

Product is one of the most important components of the Nihilent and STRATE From Knowledge Transfer to Transformation Marketing mix. The distinctive characteristics of the product by Nihilent and STRATE From Knowledge Transfer to Transformation are:

2.1.1. Quality

• Nihilent and STRATE From Knowledge Transfer to Transformation maintains the high quality of products
• High product quality is maintained by adding value during different stages of the value chain
• Nihilent and STRATE From Knowledge Transfer to Transformation procures raw materials from reliable and trusted suppliers only
• These raw materials are processed under carefully maintained environments to maintain high and consistent quality of the products
• High quality promise and delivery also provides Nihilent and STRATE From Knowledge Transfer to Transformation with a distinctive competitive advantage

2.1.2. Ease of use

• The products manufactured and sold by Nihilent and STRATE From Knowledge Transfer to Transformation are relatively easy to use
• All products come with a user manual, which is easy to understand and which provides simple instructions for product use
• The consumers can also call the 24/7 helpline to understand details about product usage
• Also, retail representatives provide detailed instructions and explanations regarding the use of the product at the time of the sale

2.1.3. Portfolio broadness

• Nihilent and STRATE From Knowledge Transfer to Transformation has a broad portfolio of products
• The broad portfolio helps Nihilent and STRATE From Knowledge Transfer to Transformation in reaching different target groups in the market
• Also, the broad portfolio allows financial strength to Nihilent and STRATE From Knowledge Transfer to Transformation
• The broader product portfolio also adds more value for Nihilent and STRATE From Knowledge Transfer to Transformation

2.1.4. Benefits of product consumption

• Nihilent and STRATE From Knowledge Transfer to Transformation offers functional benefits to consumers of the product use
• These functional benefits are promised and delivered – however, they are also delivered by other similar products
• The distinguishing aspect of Nihilent and STRATE From Knowledge Transfer to Transformation is its delivery of emotional benefits to the consumer
• Products manufactured and sold by Nihilent and STRATE From Knowledge Transfer to Transformation promise consumers an ego boost, confidence, and security
• Nihilent and STRATE From Knowledge Transfer to Transformation also promises fulfilment of psychological needs on product consumption
• These psychological needs include, for example, the need for empathy, the need for belonging, and the need of feeling loved.

2.1.5. Different SKUs

• The products by Nihilent and STRATE From Knowledge Transfer to Transformation are available in different sizes
• Nihilent and STRATE From Knowledge Transfer to Transformation has made use of different SKUs to increase market penetration
• Different SKUs can be brought and used as per the consumption needs of the consumers, and the target markets
• Through the production of different SKUs, Nihilent and STRATE From Knowledge Transfer to Transformation has also increased the trial rate
• Different SKUs have also helped Nihilent and STRATE From Knowledge Transfer to Transformation improve its product accessibility

2.2. Price

Nihilent and STRATE From Knowledge Transfer to Transformation marketing mix focuses on a hybrid strategy for pricing to obtain maximum value for its products. The marketing mix Nihilent and STRATE From Knowledge Transfer to Transformation uses a combination of a number of techniques for pricing its products, which are detailed below:

2.2.1. Premium pricing

• By using premium pricing for some of its product ranges, Nihilent and STRATE From Knowledge Transfer to Transformation encourages favorable brand and product perceptions in target consumer groups
• Premium pricing for products also encourages a favorable quality perception of Nihilent and STRATE From Knowledge Transfer to Transformation products amongst consumers
• With premium prices, Nihilent and STRATE From Knowledge Transfer to Transformation has successfully also made some of its product ranges exclusive by restricting sales and production. This, in turn, leads to a perception g luxury in consumption products
• Premium prices add a touch of privilege and high value in Nihilent and STRATE From Knowledge Transfer to Transformation products
• Using elements of premium prices in other product ranges has also allowed Nihilent and STRATE From Knowledge Transfer to Transformation to maintain significantly high profits and a consistent business growth

2.2.2. Psychological pricing

• Since Nihilent and STRATE From Knowledge Transfer to Transformation has a number of different product ranges and product groups, the use of psychological pricing has been beneficial
• With the use of psychological pricing, Nihilent and STRATE From Knowledge Transfer to Transformation also successfully adds more value to its products from the point of view of customers
• Nihilent and STRATE From Knowledge Transfer to Transformation also gains higher sales with psychological pricing
• Consumer purchase a higher amount of Nihilent and STRATE From Knowledge Transfer to Transformation products because of its use of psychological pricing
• Nihilent and STRATE From Knowledge Transfer to Transformation is able to increase its target audience and broaden its target purchaser groups

2.2.3. Geographical pricing

• Nihilent and STRATE From Knowledge Transfer to Transformation is able to penetrate different regional markets optimally with the use of geographical pricing
• For offshore locations, geographical pricing also allows Nihilent and STRATE From Knowledge Transfer to Transformation to cover shipping and customs expenses
• Geographical pricing also allows Nihilent and STRATE From Knowledge Transfer to Transformation to maintain consistent revenue growth by altering pricing in different markets based on local currency value

2.2.4. Bundle pricing

• For some product ranges, Nihilent and STRATE From Knowledge Transfer to Transformation is also known to use bundle pricing strategy popularly
• Nihilent and STRATE From Knowledge Transfer to Transformation also uses bundle pricing during sales
• Bundle pricing increases the trial rate for consumers
• Nihilent and STRATE From Knowledge Transfer to Transformation experiences higher return on the cost of gaining a new customer
• With bundle pricing, Nihilent and STRATE From Knowledge Transfer to Transformation is also able to control costs and prices by lowering marketing and distribution expenses
• The use of bundle pricing also adds value to the umbrella brand name of Nihilent and STRATE From Knowledge Transfer to Transformation.

2.3. Placement

Nihilent and STRATE From Knowledge Transfer to Transformation places high importance on the placement of its products because it directly relates to accessibility for consumers.

2.3.1. Company-operated stored

• The company maintains stores operated by the management of Nihilent and STRATE From Knowledge Transfer to Transformation in all markets
• Company-operated stores give Nihilent and STRATE From Knowledge Transfer to Transformation higher control over operations as well as store layout and design
• Nihilent and STRATE From Knowledge Transfer to Transformation also interacts directly with the consumers and gathers important details regarding consumer behavior and consumer feedback through company-operated stores
• The company operated stores also give leverage to Nihilent and STRATE From Knowledge Transfer to Transformation in terms of decisions regarding the stocking of different product items

2.3.2. Licensed stores

• Nihilent and STRATE From Knowledge Transfer to Transformation licensed stores also allow consumers to enjoy the various product offerings by the company
• Licensed stores also decrease the risk of financial and physical investment for Nihilent and STRATE From Knowledge Transfer to Transformation in unstable markets
• Licensed stores have also given Nihilent and STRATE From Knowledge Transfer to Transformation high business growth, and a boost for rapid market expansion and penetration
• Through licensed stores, Nihilent and STRATE From Knowledge Transfer to Transformation has also learned about local consumers and cultures
• Licensed stores and shops encourage sales of products by Nihilent and STRATE From Knowledge Transfer to Transformation by aligning it with local cultural values
• Licensed stores also help Nihilent and STRATE From Knowledge Transfer to Transformation in localizing its product offerings to enhance brand equity and band image

2.3.3. E-commerce

• Nihilent and STRATE From Knowledge Transfer to Transformation has developed a successfully operational website for online order placement and order tracking
• Nihilent and STRATE From Knowledge Transfer to Transformation also encourages sales through social media portals, where the company takes orders through direct messages, as well as through a mini-shop model
• The company also stocks products with online retailers such as Amazon and eBay, as well as smaller local online retailers as well
• Online retailing, and using the internet to make sales has boosted the sales for Nihilent and STRATE From Knowledge Transfer to Transformation and has also increased the accessibility of its products for consumers.

2.3.4. Supermarkets and hypermarkets

• Nihilent and STRATE From Knowledge Transfer to Transformation also places its products in supermarkets and hypermarkets across the country
• A large number of Nihilent and STRATE From Knowledge Transfer to Transformation target groups shop from supermarkets and hypermarkets
• Placement in supermarkets and hypermarkets also improve cost efficiency for Nihilent and STRATE From Knowledge Transfer to Transformation

2.3.5. Partner agents

• In offshore locations, Nihilent and STRATE From Knowledge Transfer to Transformation also makes use of partner agents for its products’ placement
• These partner agents are assessed and evaluated on strategic compatibility and reliance
• Nihilent and STRATE From Knowledge Transfer to Transformation contracts with partner agents in other countries and markets for its product placement to ensure quality control and terms of negotiation

2.4. Promotion

The marketing strategy for Nihilent and STRATE From Knowledge Transfer to Transformation also places high importance on the promotional tactics and strategies used. The promotional strategies allow the Nihilent and STRATE From Knowledge Transfer to Transformation to interact with the consumers and influence them directly. Nihilent and STRATE From Knowledge Transfer to Transformation uses a 360-degree approach in its promotional activities, and makes use of the following means of promotion:

2.4.1. Digital marketing

• Nihilent and STRATE From Knowledge Transfer to Transformation has corporate profiles on all social media websites and portals
• Nihilent and STRATE From Knowledge Transfer to Transformation uses its social media presence to directly, engage with consumers
• This direct engagement and interaction allows Nihilent and STRATE From Knowledge Transfer to Transformation to understand the customers, their needs and demands
• Nihilent and STRATE From Knowledge Transfer to Transformation uses this feedback and incorporates it in its broader marketing and organizational strategy
• Nihilent and STRATE From Knowledge Transfer to Transformation also maintains a corporate website – which highlights company information, product information as well as information regarding any ongoing campaigns and sales

2.4.2. Reward Programs

• Nihilent and STRATE From Knowledge Transfer to Transformation has a loyalty card program for its customers
• The loyalty card allows customers to redeem points in exchange for products or other exciting gifts, as directed by the company
• Each purchase is entered into the loyalty card by Nihilent and STRATE From Knowledge Transfer to Transformation and is valued for points against the products’ monetary value
• The loyalty card can be purchased or is given complementary by Nihilent and STRATE From Knowledge Transfer to Transformation on high valued purchases
• Frequent usage and purchase of products by Nihilent and STRATE From Knowledge Transfer to Transformation also has rewards against the loyalty card

2.4.3. Community Influencers

• Nihilent and STRATE From Knowledge Transfer to Transformation makes use of community influencers as its on-ground promotional efforts
• Nihilent and STRATE From Knowledge Transfer to Transformation identifies strong and confident individuals to be brand ambassadors in their communities
• Nihilent and STRATE From Knowledge Transfer to Transformation provides these brand ambassadors and community influencers with its product range and invites them to use it themselves to see benefits

2.4.4. Conventional marketing

• The company places advertisements in consumer-related magazines. This largely includes home decor, and home management magazines
• Magazine ads are not very frequent, but appear twice every quarter of the fiscal year
• In high-density locations, Nihilent and STRATE From Knowledge Transfer to Transformation also makes use of out of house hoardings
• Hoardings increase visibility for Nihilent and STRATE From Knowledge Transfer to Transformation and also work towards building stronger brand recall
• Nihilent and STRATE From Knowledge Transfer to Transformation also produces TV advertisements
• All TV advertisements have an emotional appeal to them
• TV advertisements by Nihilent and STRATE From Knowledge Transfer to Transformation have progressed to include a slice of life elements and characteristics
• TV advertisements by Nihilent and STRATE From Knowledge Transfer to Transformation also highlight the functional benefits of the product

2.5. People

The marketing mix of Nihilent and STRATE From Knowledge Transfer to Transformation also places an essential focus on people development and people building. This is because Nihilent and STRATE From Knowledge Transfer to Transformation realizes the importance of employees in building strong customer relationships. Nihilent and STRATE From Knowledge Transfer to Transformation develops its employee and people by focusing on the following aspects:

2.5.1. Training

• Nihilent and STRATE From Knowledge Transfer to Transformation makes sure that all employees undergo regular training sessions for skill development and enhancement
• Trainings at Nihilent and STRATE From Knowledge Transfer to Transformation are not the only field related, but also focus on essential management and organizational skills
• Training sessions and activities at Nihilent and STRATE From Knowledge Transfer to Transformation also identify with the employee's own needs of progression, development and growth
• All training sessions and activities designed and carried out by Nihilent and STRATE From Knowledge Transfer to Transformation take into consideration business goals and objectives, as well as employee's personal goals and aspirations
• Nihilent and STRATE From Knowledge Transfer to Transformation, therefore, tries to develop the employee as an organizational member, as well as an individual
• All training is engaging, and hands-on so that employees do not only learn but also experience

2.5.2. Organizational ownership

• Nihilent and STRATE From Knowledge Transfer to Transformation works on strengthening the organizational commitment in its employees
• Nihilent and STRATE From Knowledge Transfer to Transformation builds employee loyalty so that people can reflect their optimal best at work
• Nihilent and STRATE From Knowledge Transfer to Transformation also understands that satisfied employees will lead to happy and satisfied customers
• Nihilent and STRATE From Knowledge Transfer to Transformation regularly shares different reward programs for employees, including stock sharing, so that their organizational commitment and ownership is enhanced
• Nihilent and STRATE From Knowledge Transfer to Transformation also includes employees in decision making at different managerial levels, and regularly takes their feedback for different projects and products – which also work towards building organizational ownership

2.5.3. Motivation building

• Nihilent and STRATE From Knowledge Transfer to Transformation employees are the face of the organization
• Nihilent and STRATE From Knowledge Transfer to Transformation are motivated through the exciting and creative organizational culture
• Employees are also motivated through different reward programs and bonuses that Nihilent and STRATE From Knowledge Transfer to Transformation distributes
• Another source of motivation is appreciation programs where management appreciates and acknowledges the work and performance of different employees

2.5.4. Succession planning

• Nihilent and STRATE From Knowledge Transfer to Transformation remains one of the leading players in the industry also because of its focus on succession planning
• Nihilent and STRATE From Knowledge Transfer to Transformation conducts succession planning for all managerial levels
• Succession planning is done through internal promotions as well as external recruitments to meet the needs and demands of the vacant job position at Nihilent and STRATE From Knowledge Transfer to Transformation
• Strategic succession planning has allowed Nihilent and STRATE From Knowledge Transfer to Transformation to be prepared for different challenges, and also be resourceful enough to deflect them

2.6. Process

Nihilent and STRATE From Knowledge Transfer to Transformation has organized and systematic processes in place to make sure that the business experiences consistent growth.

2.6.1. Operations

• All operations at Nihilent and STRATE From Knowledge Transfer to Transformation are clearly defined and communicated to the employees
• Nihilent and STRATE From Knowledge Transfer to Transformation makes sure that employees are well trained, and knowledgeable of all processes relates to operations
• All stages of operational processes focus on maintaining a high quality level and standard of the products
• Systematic process re in place for all operation – from procurement to the final sale of the products
• All operational processes are maintained, checked, and uploaded through the internal portal of the organization for supervisory purposes
• The use of online portals for operational processes also builds a strong backup for managerial purposes at Nihilent and STRATE From Knowledge Transfer to Transformation

2.6.2. People Management

• Nihilent and STRATE From Knowledge Transfer to Transformation has also defined clear processes for people management through streamlining its human resource management department
• Nihilent and STRATE From Knowledge Transfer to Transformation has defined guidelines regarding recruitment, training, compensation management, and performance appraisal of employees
• All people related processes are not only communicated to the management and supervisors, but also to employees to create a sense of transparency, and an environment of trust
• Progressive people management systems and processes have allowed Nihilent and STRATE From Knowledge Transfer to Transformation to keep its workforce motivated and happy – which reflects in satisfied customers

2.6.3. Quality maintenance

• Nihilent and STRATE From Knowledge Transfer to Transformation also has defined policies and processes for managing and maintaining quality
• All products undergo triple quality checks to ensure that customers receive the best product
• In addition to quality checks at the production and distribution level, the management has also placed separate quality maintenance and quality check department
• The quality maintenance department has experts who make sure that not only the final product but also the processes involved in producing the product were infused with quality

2.6.4. Store management

• Nihilent and STRATE From Knowledge Transfer to Transformation manages store management through stringent and closely monitored policies and processes
• These processes relate to not only the floor and space design but also to the performance of the employees at the store
• The processes for store management also regularly monitor footfall and work on strategies to increase footfall through different tactics, and changes in the store design and store management
• The company also has a systematic process for customers who interact with the products and feel them before making the purchase
• The final sale at the store is also clearly defined – for the employees and the customers both
• Processes and policies are important for Nihilent and STRATE From Knowledge Transfer to Transformation for maintaining quality of the products, and for ensuring that the company does not experience any unnecessary expenses and costs

2.7. Physical evidence

The physical evidence is also important in the marketing strategy for Nihilent and STRATE From Knowledge Transfer to Transformation as it works towards influencing the consumers in favor of the brand and its offerings. The physical evidence for Nihilent and STRATE From Knowledge Transfer to Transformation include:

2.7.1. Store atmosphere

• The store design and management for Nihilent and STRATE From Knowledge Transfer to Transformation is exciting and creative
• The store atmosphere makes the customers feel relaxed and comfortable –so that they can interact with, and enjoy product offerings by Nihilent and STRATE From Knowledge Transfer to Transformation at ease
• The store design is also important for Nihilent and STRATE From Knowledge Transfer to Transformation because it controls the level and nature of experience and interaction that the customers have with the product and the brand
• With company-operated stores, it is easier for Nihilent and STRATE From Knowledge Transfer to Transformation to control and manage the store atmosphere to be able to positively influence customers and to be able to appeal to them emotionally

2.7.2. Packaging

• Nihilent and STRATE From Knowledge Transfer to Transformation has unique packaging, which is different from other players in the industry
• Nihilent and STRATE From Knowledge Transfer to Transformation also has a vibrant touché to its packaging, which is regularly changed in terms of colors and patterns
• The logo for the company is simple, and recognizable by the consumers easily
• The brand logo has also become a symbol of confidence, ambition, and aspiration for consumers who use products by Nihilent and STRATE From Knowledge Transfer to Transformation
• The packaging of the products is sophisticatedly done and matches the brand image developed and maintained by Nihilent and STRATE From Knowledge Transfer to Transformation

2.7.3. Website design

• The website design is simple and easy to use
• Nihilent and STRATE From Knowledge Transfer to Transformation has a customer friendly user interface which allows easy navigation and understanding of its various product offerings
• The corporate website of Nihilent and STRATE From Knowledge Transfer to Transformation also has the brand logo, and is packaged similarly to the products offered by the company
• The design patterns, and color change on the website with changes to the product packaging to match various campaign needs and sale offerings