This presentation provides an overview of Lenovo Surface Pro 6, including its features, competitive environment, and marketing strategies. It analyzes the target market, pricing, and product life cycle. The presentation also includes creative suggestions and recommendations for the product.
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LENOVO SURFACE PRO 6 NAME OF THE STUDENT: STUDENT ID:
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PRESENTATION OVERVIEW & INTRODUCTION This presentation is going to elaborate on explaining relevant theory and applying it to the chosen product of Assessment 2 It would analyse the product market and the situation that the product belongs to. Creative ideas for the product shall be pitched The end of this presentation will present a self-reflection related to the completion of the assessment.
COMPANY DESCRIPTION Microsoft Corporation is a technology company, incorporated on 22ndSeptember, 1993 It develops licenses and at the same time, supports and sells a wide range of computer software, personal computers, consumer electronics and many other related services(Basu, 2017). The company serves worldwide and is headquartered in Albuquerque, New Mexico, United States. It has service like BING, MSDN, Office 365, OneDrive ,outlook.com, teachnet.wallet, windows, Xbox which is covered worldwide.
CONTINUATION… The founder of the company is Bill Gates and Paul Allen and was founded in 4thApril, 1975. The key people of the company are John W. Thompson (the chairman of Microsoft), Brad Smith (the President), Bill Gates (technical advisor of the company) and Satya Nadella (CEO). As per the year 2018, the total revenue of the company was 110.36 billion UD dollars. The company employ about 134,944 employees all around. 75.47%is the globalshareofMicrosoftWithin1985-2018. Microsoft is the biggest software company in the world as per the year 2018 (Au & Lubienski, .2016)
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PRODUCT DESCRIPTION (MICROSOFT SURFACE PRO 6) 67% faster than the Surface Pro of 5thGeneration Ultra-light weight laptop and versatile Display-12.3” PixelSense™ Display with 2736 x 1824 (267 PPI)resolution.Storage-- 128GB, 256GB, 512GB, or 1TB solid-state drive (SSD). Connections-Mini DisplayPort, Surface Type Cover port,a USB 3.0, 3.5mm Headphone jack, microSDXC card reader and aSurface Connect port. Battery Life-Up to 13.5 hourson a single go Memory- 8GB and 16GB RAM Processor- Surface Pro 6 Software- Surface Pro 6;Windows 10 Home and Microsoft Office 365 Price- starts from 879Euro to 2149Euro (Ibrahim, 2017)
COMPETITIVE ENVIRONMENT DescriptionCompetitor 1Competitor 2Competitor 3 Brand nameMacBook ProLenovo Yoga 700Dell Inspiron 15 5000 Price Range1899 AUD$1486.65 AUD$1118.99 AUD$ Competitive advantage •Very expensive compared to Surface pro 6 but differs in additional specifications •Long battery life •Affordability •Portable •Has complete aluminium glossy screen •Long battery life •Affordability •Portable •Dell Inspiron 15 5000 has 15.6 inch FHD display •Battery backup •Affordability •Portable
TARGET MARKET DESCRIPTION
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JUSTIFICATION Variabl e 1 •My Microsoft surface pro 6 is relevant Variable one which is demographic base that target the different age group such as teen or professional because of portability of the device, similarly the strategy for the marketing among the students. Variabl e 2 •The Psychographic as variable 2 which distinguished the different class of the people like high or low. this product is nor cheaper neither expensive for the normal class of people in comparison of laptop specification in $1350 AUD which is affordable by both class either high or low class of peoples. Variabl e 3 •As my product Surface pro is worldwide geolocation-based company which provides extra more features like customer care.
PRODUCT THEORY - 3 LEVELS OF PRODUCT Level 1Level 2Level 3 Productin this level is definedasthe coreof competencies. This means the product shouldprovide the customer service after the product has been purchased like solving any issues, service of product which directly benefit that product The product including many features as well as difference characteristics of the product that attract the consumer. Argumentation productisthe mechanism bymeans of whichmeasures can be taken by making some productive improvement in the productwith the help of change.
PRODUCT APPLICATION - 3 LEVELS OF PRODUCT Level 1Level 2Level 3 Surface pro 6 is applicable forthe heavymultimediaasit has high display resolution andat the same time, have inbuilt graphic card that are usedfor multimedia. The configuration of the surface pro 6 like its display, RAM capacity, secondary storage capacity are comparatively better than the others within the same price range. The product isalso bringing inunlocking features by means of enabling security througheye retina scan.
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PRODUCT THEORY - PRODUCT CLASSIFICATION Actual product Surface pro 6 Core benefit Portable size of the laptop Augmented level It means customer car for assisting and giving feedbacks
PRODUCT APPLICATION - PRODUCT CLASSIFICATION The core aspect of Surface pro 6 that has matching performance to the actual features like processing speed, display and storage. Surface pro 6 is highly applicable for heavy multimedia where it has high display resolution and having inbuilt graphic card used for multimedia. The product is improving the unlocking features in coming days by means of enabling the security by eye retina scan.
PLACEMENT THEORY - DISTRIBUTION STRUCTURE Level 1 •Brand mentioning in television •Advertising billboards Level 2 •Brand integration in television •Deals with the television studios and offering unique customer participation Level 3 •Brand integration in the television and interactive •The products that are seen on the show could be clicked upon for taking the customers to the retailers who sells the product
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PLACEMENT APPLICATION - DISTRIBUTION STRUCTURE Level 1 •Mentioning about surface pro 6 in television •Advertising billboards about the product Level 2 •Integration of the product in television •Deals with the television studios and offering unique customer participation Level 3 •Integration of Surface pro 6 in the television and interactive •Surface Pro 6 seen on the show could be clicked upon for taking the customers to the retailers who sells the product
PROMOTION THEORY - PROMOTION ELEMENTS Offline PromotionOnline PromotionOmni-channel promotion It makes use of offline media channels for creating awareness about the products and services of a company by use of Advertising, Brochures, Reports and reviews, Sales promotions, Magazines, Television, Radio and Exhibitions Itmakes use of online media channels like websites, Applications, Content search E-commerce video and Social media marketing for the promotion of the product. It refers to the concept of using both the online and offline channels for the promotion of a particular product. It helps in providing seamless user experience over all the channels that are relevant to the
PROMOTION APPLICATION – OMNI CHANNEL PROMOTION
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PRICING THEORY - POSITIONING Quality positioningBenefit based positioning Premium positioning Competitive positioning •It is a price quality approach of positioning •It makes use of the relation between quality of the product and its price. •Products are optimally prices on the basis of their quality for keeping them higher in the mind of the customers. •Positioning of the products for unique benefits •Communicating about the unique benefits of the product •It helps in highlighting the strong attributes of the company. •It is achieved by means of focusing the efforts and optimising the products for a specific market segment, willing to pay the premium price for it. •Products are priced based on the level of competition in the market
PRICING APPLICATION - PERCEPTUAL MAP
PRICING THEORY - PRICING STRATEGY & OBJECTIVE Premium Positioning by means ofkeepingthepriceofthe product high. Itisachievedbymeansof focusingtheeffortsand optimisingtheproductsfora specificmarketsegment, willingtopaythepremium price for it. Objective: To differentiate the product of the company from the other similar products in the market To develop a unique characteristics of the products and the company that actually makes it.
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PRICING APPLICATION - PRICING STRATEGY & OBJECTIVE TheSurfacePro6willbe created by value Itwillbedifferentiatedby meansoffocusingona particular customer segment. Objective: To allow the company Lenovo to spotlight the particular areas where it could outshine and beat the existing competition.
MARKETING MIX SUMMARY ProductPricePlacePromotion Surface pro 6 is applicable for heavy multimediaasit has high display resolution.Also, it has inbuilt graphic card used for multimedia. Its other feature include great display, high RAM capacity, secondary The company will make use of premium pricing strategy and will keep the product price starting from $1349.00 AUD Television Advertising and billboards about the product Integration of the product in television. Omni-channel promotion strategy will be used where both the online and offline promotional events will be conducted.
PRODUCT LIFE CYCLE THEORY It is an economic theory and was developed by Raymond Vernon It is broken into four different stages and they are- introduction, growth, maturity and decline It impacts the process in which it is marketed
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PITCH OF CREATIVE SUGGESTION/S Finding out for giveaway opportunities that will align with the brand Creating attractive content on the product that people would like to read Repurposing the content
CONCLUSIONS & RECOMMENDATIONS According to contemporary era of hybrid tablet-laptop the Microsoft is ahead of every manufacture company Microsoft surface pro 6 is the best as of its price. Reliability, affordability and company care facility are the most attracting features for the surface pro 6 laptops The surface pro 6 is likely to gain more popularity in coming days. The company must improve its marketing strategy to ensure positive feedback and sales growth of the product.
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REFERENCES: Au, W., & Lubienski, C. (2016). The role of the Gates Foundation and the philanthropic sector in shaping the emerging education market: Lessons from the US on privatization of schools and education governance. InWorld Yearbook of Education 2016(pp. 47-63). Routledge. Basu, S. (2017).Corporate purpose: Why it matters more than strategy. Routledge. Cantwell, J., & Salmon, J. (2016). Vernon’s Contribution to International Business.The Palgrave Encyclopedia of Strategic Management, 1-4. Erevelles, S., Fukawa, N., & Swayne, L. (2016). Big Data consumer analytics and the transformation of marketing.Journal of Business Research,69(2), 897-904. Ibrahim, P. (2017). All-New Microsoft Surface Pro (2017 Edition) & Microsoft Surface Laptop: The Definitive Beginner's Guide. Kachroo, P., Gupta, S., Agarwal, S., & Ozbay, K. (2016). Optimal control for congestion pricing: Theory, simulation, and evaluation.IEEE Transactions on Intelligent Transportation Systems,18(5), 1234-1240. Kim, J., Chankeshwara, S. V., Thielbeer, F., Jeong, J., Donaldson, K., Bradley, M., & Cho, W. S. (2016). Surface charge determines the lung inflammogenicity: A study with polystyrene nanoparticles.Nanotoxicology,10(1), 94-101. Nagurney, A., & Li, D. (2015). A supply chain network game theory model with product differentiation, outsourcing of production and distribution, and quality and price competition.Annals of Operations Research,226(1), 479-503. Weijters, B., & Goedertier, F. (2016). Understanding today’s music acquisition mix: a latent class analysis of consumers’ combined use of music platforms.Marketing Letters,27(3), 603-610. Yao, Y., Zhao, H., Chen, Y., Xu, D., & Long, Y. (2018). Positioning–pricing problem of heterogeneous duopoly with uncertain consumer preferences.Soft Computing,22(17), 5775-5782.
SELF-REFLECTION I first made a to-do list for completing this task I divided the whole task into smaller pieces and developed a time line for completing it within the deadline After competition of each section,I acquired many knowledge about marketing and marketing principles.