Report: Exploring Sources of Innovation and Strategic Implementation
VerifiedAdded on 2020/06/06
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Report
AI Summary
This report explores the concepts of push and pull strategies in the context of business innovation. It explains that innovation is directly linked to internal and external marketing criteria. The report begins by defining push and pull strategies, originally rooted in logistics and supply chain management, but also relevant in marketing. Push strategies focus on pushing products to retailers, while pull strategies aim to attract customers based on their needs. The report then provides case studies of companies like Aravind Eye Care, Amby Valley, Parle G, Tata Motors, and Bajaj Autos to illustrate the application of these strategies. Aravind Eye Care employs a push strategy by providing high-quality, low-cost services. Amby Valley uses a push strategy to attract high-end customers, while Parle G leverages its brand recognition. Tata Motors and Bajaj Autos are examples of companies that have utilized pull strategies to gain market share through innovation. The report concludes by highlighting that established brands often use push strategies, while new businesses tend to adopt pull strategies to attract customers through continuous innovation.
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