Final Customer Purchasing from the Product Producer
Acquire Steps: Acquire steps include all activities the customer completes preceding the use or the consumption of the product. These steps include the customer's efforts needed for evaluation and acquisition of the product.
A.
Knowledge: Add knowledge
1.
Company and products – Help customers recognize and recall name of company and its products
B. Create brand for company or product
Use an existing company-owned brand
Use brand of a related product
Extend brand to a high-end product
No. | Year | SIC | Note |
1 | 1996 | 2000 | Kraft extended its Yuban coffee brand, test-marketing gourmet varieties like African Safari Roast. |
2 | 1994 | 2840 | P&G developed a bar soap version of Oil of Olay moisturizer, which has captured a big share of the market despite a hefty price of $2.09 for two bars. That product helped account for an 8% price increase in the bar-soap category. |
3 | 1988 | 3571 | Compaq's strong reputation in the corporate market will give its new laptop its biggest push. |
4 | 1986 | 3600 | Schlage advertising heavily on its home security system – banking on the fact that Schlage has a trusted name. |
5 | 2000 | 3695 | Iomega is a hardware company with annual revenues peaking at $1.74 billion in 1997. The company's success is due to its Zip products, which are floppy like 100 MB removable disks and drives. Emerging from tough times, the company has added a few new products thus expanding Zip capacity to 250 MB and jumping into rewritable CD markets. The company is recovering by building on its core competence, removable media storage, but coming up with new products that catch the trend of the times. |
6 | 2001 | 4512 | United Airlines, the second-biggest commercial airline in the U.S., hopes to use its knowledge of and experience with aviation to succeed in the private jet market, whose popularity is growing due to the dropping standards of traditional air travel. |
7 | 2000 | 7011 | Ritz-Carlton will be opening a 5,100-square-foot duplex which is averaging $2.8 million per condominium. Ritz will be opening five golf courses, two time-share developments and spas adjacent to more than half of its hotels. |
8 | 2003 | 7011 | To free up capital, the InterContinental Hotel brand is moving to a franchise-and-management model for the first time. Another aspect of the expansion is into resorts, with the goal of becoming a global luxury brand. |
<< Return to Acquire Steps