Nokia 3310 Relaunch: Marketing, Research & Communications Plan

Verified

Added on  2023/06/12

|24
|3304
|339
Report
AI Summary
This report provides a comprehensive analysis of the marketing and communication strategies required for relaunching the Nokia 3310 in today's digital world. It explores the elements of the marketing mix, including product, price, promotion, place, people, packaging, and process, in the context of Nokia's initial success and subsequent challenges. The report details the market research requirements, outlining both primary (questionnaires, online surveys, competitor visits) and secondary (market studies, analyst reports, online competitor information) sources. A detailed research plan is presented, focusing on developing a digital footprint, gathering customer information, and gauging product interest. The report also includes a presentation pitched to Nokia executives, highlighting market segmentation, target audience identification, and the marketing mix strategies for a successful relaunch, emphasizing the importance of an effective marketing campaign to ensure commercial viability. The research was overall successful as all the objectives were duly met and a lot of data was collected which was enough for the company to pursue its plans of revamping and relaunching the product such as sales of feature phones staying steady over smartphone sales which is a major Nokia market and the number of backup and second phones in the market which the 3310 could tap into.
Document Page
Marketing and
Communications in
a Digital World
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Contents
INTRODUCTION....................................................................................................................3
MAIN BODY............................................................................................................................3
Elements of marketing mix..................................................................................................3
Market research requirements............................................................................................5
Detailed research plan..........................................................................................................6
Presentation.........................................................................................................................10
CONCLUSION.......................................................................................................................19
REFERENCES.......................................................................................................................21
Document Page
INTRODUCTION
In order to succeed in the modern business environment where disruptions are many
and even established companies completely disappear from the market they once dominated
due to minute changes which go unattended, it is very important for enterprises to have a
streamlined and focused marketing mix system in place which is thoroughly backed up by
market research elements of both primary and secondary nature (Choudhury, 2020).
Marketing is crucial for modern businesses as it is the process of providing an entire
spectrum of services to the right customers to engage in strong brand building.
This report will focus on analyzing the marketing mix for an established company
which in this project is Nokia, study the problems that led to the departure of the company
and its most popular device, the 3310 and develop a detailed marketing plan for its relaunch
by conducting a comprehensive assessment of the target market. A presentation will also be
included which will detail the elements of marketing mix that will be used for relaunching the
product along with the process of Segmentation, targeting and positioning which is the most
important process of marketing for firms as it allows market penetration and buildup of
strong public perception regarding the brand.
MAIN BODY
Elements of marketing mix
Marketing mix comes in as a set of strategic blend and planning which helps businesses
properly position their products and services (Jedin and Balachandran, 2021).
Initially having only 4 elements, it has now expanded into 7 due to the emergence of
digital world sand social media and all of them are explained below in context of Nokia’s
initial launch of the popular model 3310.
Product – Relates to all strategies, design and features that firms are installing and
offering in their product lines. Nokia’s initial success with the 3310 in 2002 was due
to it being a revolutionary phone with never been seen features such a sleek and
attractive design along with its durability.
Document Page
Price – Contains various strategic approaches to price a product in the market as the
cost associated with a product plays a major role in customers buying it or not. Nokia
played a masterstroke with 3310 in 2000 as it was relatively cheap compared to the
services it offered.
Promotion – A very important element of the marketing mix as it details the various
ways in which firms can market their products and gain new customers and sales for
their products (Kalka and Mäßen, 2018). Nokia’s 3310 was the first phone which was
extensively mass marketed in the world thanks to its robustness and availability.
Place – Every product needs to be sold at a particular location through various
channels with all have their pros and cons. Back in 2000, Nokia focused strictly on its
physical stores and later allowed the 3310 to be available with a wide variety of
supermarkets and retailers like Tesco.
People – For a business to be successful for a long period of time, they need to be in
constant connection with its customers and hire talented personnel at crucial job roles.
Nokia in 2000 ruled the phone market but did not focus much on diverse and diligent
recruitment.
Packaging – The way companies design the layers and material in which the product
is packed and shipped to its final customers plays a very important role in the building
brand image and trust with them (Marketing Mix, 2022). Nokia 33310’s original
packing was simple and compact, just like the phone and it didn’t create much impact
for the company.
Process – The operational processes of the business should be simple and streamlined
so staffs can remain stress free and service the customers efficiently and with a
positive attitude (Baker, 2018).
During 3310’s initial launch, Nokia enjoyed a large and robust logistics network
worldwide.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Research Requirements
Before designing and introducing any product or service in the market and
undertaking any crucial decision related to promotional tactics which involves heavy
investments, it is very important to properly conduct market research which is the
comprehensive study of the feasibility of a company’s product launch like Nokia’s relaunch
of the 3310 in relation to the factors related to its target customers. Major examples of both
primary and secondary sources of market research have been listed herein.
Primary Sources:
Questionnaires – It is a list of questions presented to the target audience in order to
gather accurate public sentiment and data about the chosen issue (Harbott, 2021).
What people think about Nokia 3310’s relaunch can be found out with this method. It
is one of the most widely used traditional methods of market research.
Online mails and surveys – With the use of internet and the widely available
customer data with companies like Nokia, they can gather data by supplying custom
made surveys through outlets like Gmail and conduct market research digitally. This
method is much faster and more convenient than a questionnaire. Exchanging mails
also builds relationship with clients.
Visits to locations of competitors – Competitive analysis is very important as no
company can succeed without counter programming of staying one step ahead of their
market competition. Nokia before relaunching 3310 will find useful data by observing
outlets of brands such as Micromax, Itel and Motorola.
Secondary Sources:
Document Page
Published market studies – There are many analysis of the target market conducted
yearly and in some cases even monthly by reputed research and business firms which
Nokia can easily access both physically and digitally in order to study the market
happenings in the absence of 3310.
Analyst reports – A great deal of information regarding the market, industry and
country can be judged by reading these documents which are prepared by experts to
advice and warn investors about companies and outlets. Nokia shouldn’t use too much
of this data as it is not that reliable compared to published market studies and
researches by professional firms (Secondary Research- Definition, Methods and
Examples., 2022).
Competitor information available online – In the recent age of digital media, there
is a rapid stream of information available online which firms like Nokia can use to
build a new relaunch campaign as valuable data about its current market competition
are all just a few clicks away. Visiting company websites and going through their
annual reports is more than enough to strategize in modern times.
Research plan
In order to properly lean into relaunching the Nokia 3310, the company must conduct
a well thought out digital marketing research which will use both primary and secondary
sources of data such as customized questionnaires and online surveys along with market
studies published on Nokia and its competitors to achieve the following research objectives.
To gain an idea about the current digital presence of Nokia in social media and
business oriented web spaces.
Document Page
To collect data about Nokia’s current and past customers to analyze what went wrong
in the past along with their needs and preferences.
To examine the interest and nostalgic value people hold for Nokia 3310 in current
time
The market research plan will follow the basic strategic process listed below to build
digital capability for Nokia to conduct target market analysis.
Developing current digital footprint – In order to develop successful avenues of
digital marketing, it is very important for firms to know their current standing in the
digital space. Nokia should use mostly secondary research methods to find out how
many people miss the 3310 and the amount of traffic received by its websites and
social media channels (Jafari-Sadeghi, and et.al, 2021). Through proper analysis of
these channels, it can plan the future strategies to go towards the relaunch.
Gathering customer information – To relaunch a classic product such as 3310, it is
necessary to understand the interests of the target customers. Nokia should use
primary research methods like designing questionnaire and online mail based surveys
and target previous owners of Nokia and the enthusiasts of 3310 to understand their
preferences. It will also benefit the research by providing authentic data and a large
sample audience.
Gauging product interest – Whenever a company plans to bring back one of its
classic offerings like Nokia is planning to do with the 3310, it is very crucial to gain
an accurate estimate of the brand’s current popularity and the nostalgia value attached
if any. Nokia can undertake this process digitally by looking at secondary sources
such as market studies and analyst reports on Nokia and analyze comments and
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
reactions to social media posts about the 3310. Primary data must also be collected by
framing questions regarding the 3310 and its value for today’s customers in
questionnaires and surveys sent to people over mails.
Activities Week
1
Week
2
Week
3
Week
4
Week
5
Week
6
Week
7
Week
8
Week
9
Define
marketing
challenge
Craft the
survey
questions
Distribute
the
research
survey to
right
audience
Review of
new
market
research
data
Make data
driven
market
decision
Controlling
Document Page
The following gannt chart presents the timely manner in which the research was completed
and all the steps involved in it. Overall the research was successful as all the objectives were
duly met and a lot of data was collected which was enough for the company to pursue its
plans of revamping and relaunching the product such as sales of feature phones staying
steady over smartphone sales which is a major Nokia market and the number of backup and
second phones in the market which the 3310 could tap into (LATEST MARKET RESEARCH
SHOWS WHY THE WORLD NEEDS THE NEW #NOKIA 3310, 2022).
Figure 1 Feature phone sales in Africa
Document Page
Figure 2 Breakdown of the smartphone market
The Gantt chart also comes with certain weaknesses as not enough time was allotted
to conduct detailed competitor analysis and develop methods to engage in active e-
commerce.
Presentation
After the due completion of research, the presentation which will have its slides
displayed below along with the speech provided will be pitched to high level executives at
Nokia especially the product and marketing team in order to plan the marketing mix for
relaunch of the Nokia 3310 and highlight the importance of an effective marketing campaign
can have on commercial success.
Introduction
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
In order to properly launch an esteemed product which dominated the market a few
decades back and still maintain profitability and relevance will require key elements which
will be highlighted with this presentation such as:
The impact of the conducted research on product relaunch
Ways in which product will be marketed
The product life cycle
Figuring out who the audience is
Market Segmentation
Document Page
It is the process of filtering and dividing the customers of the target market in order to
find out the best and more organic set of people whom the relaunched product will cater to
basing on various criteria’s given below.
Income level
Past use and familiarity with Nokia 3310
Age
Feature phone enthusiasts
chevron_up_icon
1 out of 24
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]