This article discusses the marketing mix of Google Pixel 3 and Pixel 3 XL, including value-driven marketing, integrated marketing mix, product features, pricing strategy, distribution channels, and promotional activities.
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Running head:PIXEL 3 AND PIXEL 3 XL MARKETING MIX Pixel 3 and Pixel 3 XL Marketing Mix Name of the Student Name of the University Author Notes:
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1PIXEL 3 AND PIXEL 3 XL MARKETING MIX Table of Contents Introduction......................................................................................................................................2 Discussion........................................................................................................................................2 Value driven Marketing...............................................................................................................2 Integrated Marketing Mix............................................................................................................4 Product.....................................................................................................................................4 Price.........................................................................................................................................5 Place.........................................................................................................................................6 Promotion................................................................................................................................7 Consumer Purchase decision.......................................................................................................8 Conclusion.......................................................................................................................................8 REFERENCES..............................................................................................................................10
2PIXEL 3 AND PIXEL 3 XL MARKETING MIX Introduction The popularity of smartphones across all the age group have resulted in competition in thesmartphoneindustry.Thesmartphonesegmenthasbeensubjecttohighdegreeof competition over the past decade (Dwivedi 2015). The market has witnessed the development of various products at differentiated price segments. The biggest players in the Smartphone industry includes the likes of Apple, Samsung and One Plus (Cecere, Corrocher and Battaglia 2015). It has been found that the most popular operating system other than that the iOS is Android. Thus, the creators of android that is, Google have also been able to capture considerable portion of the market. The entered the market with the Google Nexus (Kaur and Sharma 2014). The company has modified over time and have been responsible for the creationof the latest and greatest Pixel line of smartphones. The latter has been targeting the niche customers as a result and have been carrying out value driven marketing. The aim of the paper is to develop a marketing for the operation and marketing of Google Pixel 3 and the Google Pixel 3 XL. Discussion Value driven Marketing It has been found out that rationality and actual need for consumption or purchase might not be the only reason why people purchase a product. Value proposition is one of the key aspects that the companies needs to focus on while supplying or creating a product in the highly competitive business environment. Value proposition refers to the value that the customer community derives from consumption or purchase of a product or service (Baldassarreet al. 2017). Hence, it has been one of the main components that has been researched over the years to determine the most efficient way to deliver products to the customer community. It is perceived
3PIXEL 3 AND PIXEL 3 XL MARKETING MIX that every customer is a utilitarian and hence it is the main goal of every company regardless of the nature of operation of the latter to provide utility to the customers (Andajani 2015). There are various types of utility that the customers are subject to. Form, time, place and ownership utility are the different types of utility that the customer can be on the receiving end of (Williamson, T., Imbroscio, D. and Alperovitz 2014). The industry is characterised by consumers who are deemed to un-loyal to a product or service provider. Although it is the utility that determines the degree of satisfaction of the consumers, however, it comes down to the nature of relationship that the companies have been able to build with the consumer community that determines the success of the company in retaining and catering to a group of customers. Value based marketing is a concept that is characterised by a process that involves creating, communicating and providing utility or value to the customers (Gummerus 2013). The purpose of the latter concept is to build relationships with the consumer community that is deemed to be strong (Kalajdzic and Zabkar 2015). It involves building and managing relations with the consumers as a result of which the company can cater to the needs of the external as well as that of the external stakeholders of the company. Google Pixel 3 and Google Pixel 3 XL is to provide value to the consumers. The effective marketers at Google have been able to create a base of value by strategic value creation technique. The marker of the company have to first define the target customers and the market and understand the value proposition of the customers by carrying out effective market research. After the value proposition of the customers has been determined, it is the role of the markers and the company as a whole to deliver value to the customers. It is followed by monitoring the value that the identified customer base is receiving from the products or services of the company.
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4PIXEL 3 AND PIXEL 3 XL MARKETING MIX The same has been followed by Google as a result of which they have been able to maintain a base of customers based on the value they provide to the customers. Integrated Marketing Mix It can be said that the integrated marketing mix is the base of operation of every business that deals with products and services (Naeem, Bilal and Naz 2013). It is the assimilation of elements such as the price of the product or service, the product strategy, the place and the promotion mix (Huang and Sarigöllü 2014). These factors have a combined impact that they make on the marketing tactic that is taken by a company as a whole. The following section will be used to enumerate the marketing mix that was devised by Google Inc. in order to effectively market the Google Pixel 3 and Google Pixel 3 XL. Product Google believes in providing its consumers with the best possible products by using which the consumers can derive utility. With established products such as Apple’s iPhone X, the Samsung Galaxy S10+ and the One Plus 6T, the competition that will be experienced by the Google Pixel 3 is evident (Forbes.com 2019). The smartphone industry has been subject to high degree of competition as a result of which the big players in the industry come up with improved versions of smartphones every year. The recent trend in the market has witnesses a considerable increase in the size of the displays of the screens (Rädleet al. 2014). Furthermore, the primary memory that is the RAM and the secondary memory offered by the companies has been rising. Furthermore, new application being constantly developed, the software requirements have considerably climbed. The latter resulted in creation of newer and more stable operating systems. Both the Google Pixel 3 and the Google Pixel 3 XL have incorporated the same into their smartphones. The smartphones run the latest version of Android that is Android 9 Pie and the
5PIXEL 3 AND PIXEL 3 XL MARKETING MIX consumers are assured that they will be on the receiving end of every OS and software that will be released by the company (Google.com 2019). The software industry has seen a recent trend in rise of ‘Notches’ in the smartphones that help to increase the amount of screen space that the customers are subject to. The same has been incorporated into the Google Pixel 3 XL, the display and secondary memory capacity of which is higher than that of the Google Pixel 3 (Google.com 2019). One of the most important features that people look in smartphones currently, other than the performance and smooth hindrance free usage is the Camera. The camera of both the Google Pixel 3 and the Google Pixel 3 XL is one of the most noticeable features found on the device. The device incorporates as dual 12.2-megapixel camera in the rear as well as two 8-megapixel dual cameras for the selfies (Google.com 2019). The camera has been accredited as the best camera in that is currently present in the market (Express.co.uk 2019). The camera that is provided in the Google Pixel 3 and the Google Pixel 3 XL are the best the line cameras equipped with a notable feature known as the night mode, were the user can take high quality images due tothehardwareembeddedintothepowerfulcameraofthephone(Google.com2019). Furthermore, seamless performance is provided in the smartphones with the help of the Sock or pure Android experience which also has a feature known as Google Daydream VR (Google.com 2019). This allows the users to use Android as the way it has been created by Google. Hence, the Google Pixel 3 and Google Pixel 3 XL are considered complete package of a smartphone. Price The pricing strategy that is carried out by the company is similar to that of a niche pricing strategy. The pricing strategy that is used by a company determines one of the main criterions which determines the success of a company in catering to the needs of the consumer community (Li, Xu and Li 2013). The price at which the products are offered to the consumers also
6PIXEL 3 AND PIXEL 3 XL MARKETING MIX determine the efficacy of companies in attracting customer towards the direction of their company. It can be said that the price at which a product is offered determines the segmentation that is carried out by the company. It is known that the spending capacity of people in a market differs. While a penetration pricing strategy can be used to attract the mass market, a niche pricing strategy is used to attract the cream customers towards the company. The Google Pixel 3 and Google Pixel 3 XL fall in the niche price segments and they are positioned in the market as flagship devices or top of the line products. Thus, the company faces stiff competition from iPhone, Galaxy S10+ and the One Plus 6T. These companies offer their products in similar price segments. However, the value proposition of Google Pixel 3 and Google Pixel 3 XL are said to be perfectly aligned to help Google achieve competitive advantage in the market that they are operating. The price is one of the most notable factors that are associated with the concerned market segment (Wilkinson 2013). Even if the consumers of the segment are not price sensitive, it is the aim of a rational consumer to curtail their spending on a smartphone that will come in the market with a new version every year. Thus, the Google Pixel 3 and Google Pixel 3 XL are offered to the consumers at prices that are lower than that of the iPhone and the Samsung Galaxy S10+. By offering the products at lower price points, yet which deliver higher value to the consumers gives the company an ability to gain competitive even in the market were the consumers are willing to pay huge sums of money to pay for the flagship device. Place Place refers to the physical place and the channel through which a company offers their products in the market (Fan, Lau and Zhao 2015). There are different forms of distribution channels that exists. Products can be distributed in the market directly from the manufacturer to the consumer, it can be from the manufacturer to the retailer and then to the consumers or it can
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7PIXEL 3 AND PIXEL 3 XL MARKETING MIX go through a channel that involves transfer of ownership of the products from the manufacturer to the wholesaler to the retailer and finally to the consumers (Qianget al. 2013). This can be further segregated into marketing channels that involves selling the product directly to the consumers,sellingthroughintermediaries,sellingtheproductsthroughdualdistribution strategies and the selling through a reverse channel (Verhoef, Kannan and Inman 2015). Exertis has been recognised as a company who have formulated a partnership with Google in aim of supplying the products to the consumers. All of the aforementioned tactics of distribution are carried out by the company in catering to the needs of the consumers apart from the channel that incorporates the wholesalers. Google sell their flagship phones through online third party retailers, they have their exclusive Pixel retail outlets that sells only Google products. The Google Pixel 3 and Google Pixel 3 XL are the main products that are marketed in exclusive retail retailers. Google Pixel 3 and Google Pixel 3 XL are available for consumption of the customer through all kinds of retail outlets including departmental stores and licences smartphone sellers. Promotion The types of promotional activities determine the success of a company in terms of getting the awareness of the customers. The promotional tools that are used by companies in catering to the needs of the company in terms getting the attention of the customers determine the effectiveness of the company in gaining chances of maximising the sales (Ashrafet al. 2014). The types of promotional tools used by the company includes tactics such as advertising through commercial and print advertisements on newspapers, magazines and billboards and bus shelter advertisements, direct marketing and digital marketing. The company is seen to be paying specialattentiontodigitalmarketingandmarketingthroughsocialmedia.Socialmedia marketing has been recognised as one the cheapest marketing tools that a company can use to
8PIXEL 3 AND PIXEL 3 XL MARKETING MIX pitch its products to the customers. Google has dedicated social media pages on Instagram, Facebook, Twitter, Pinterest and YouTube which helps the company in their engaging the customers. Furthermore, Android is a medium through which the Google Pixel 3 and Google Pixel 3 XL are marketed by the company. Google ads, Google ad sense provide the basic marketing amenities that are needed by the company to communicate their motives to the company. Consumer Purchase decision The final purchase decision that is made by the consumers determines the inflow of revenue of the company. There are various aspects that are looked into by the consumers when they make a purchase decision (Karimi, Papamichail and Holland 2015). As discussed above, the value that the consumer derives from the product determines the formulation of the purchase decision. Factors such as price of the product, the specifications and the value proposition of the products is coupled with influence from peers and family members before arriving at the final purchase decision. The Google Pixel 3 and Google Pixel 3 XL have cater to all the needs of the consumers. Features such as minimal price even in the niche sectors, the features and the customizability provided by the products, the effective marketing and the convenience that is provided to the consumers in purchasing the products determines the effectiveness of the product in catering to the needs of the consumers and helps them arrive at the point of purchase. Hence, it can be said that the company are perfectly aligned towards the achievement of competitive advantage in the market that they are operating in. Conclusion On a concluding note it can be said that the Google offers the Google Pixel 3 and Google Pixel 3 XL in the market with a unique value proposition through which they aim to derive
9PIXEL 3 AND PIXEL 3 XL MARKETING MIX acceptance from the customers along with generation of a considerable amount of revenue that will help the company in satiating the needs of the stakeholders. The latter have used an effective marketing mix to their advantage with a product that offers value to its customers, an effective price in the niche segment backed up with the value that is generated by the company, along with a favourable distribution channel and effective promotional strategy. The company has been able to incorporate the components of the marketing mix to their advantage that is supposedly aligned to motivate the customers to arrive at their purchase decision. Even, if a great deal of competition in the segment is faced by the company in the form of the iPhone, Galaxy S10+, One Plus and others, they have been able to use their effective supply chain in deliver the best quality products to the consumers that has given them an opportunity to attract maximum number of customers through which they are likely to derive the competitive advantage in the highly competitive market that they are operating in. It can be recommended that the company should invest in research and development in order to come up with higher amount of innovation in the segment that they are operating in. The company is blessed with efficacy in every functional division as result of their brand efficacy. The latter should constantly carry out market research as that will supposedly help them in serving the customers more effectively while proving the maximum amount of utility that they offer to the consumer community.
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