¶ … business will use to survive is different kinds of marketing strategies. This is because having a continuous amount of customers will translate into higher profit margins and sales. However, over the last several years the changes in technology have meant that there is shift in the kinds of tools that are utilized in achieving these objectives. In order to adjust with these challenges, various firms have begun implementing different approaches in conjunction with one another. To fully understand what is taking place requires looking at: five different advertisements, the concept / theories that are utilized and analyzing each advertisement. Together, these different elements will provide the greatest insights as to how these marketing strategies are continually evolving.
The Advertisements and Concepts
During the course of conducting any kind of advertising campaign there are different tactics that are used to reach out to customers. In the first entry, the advertiser is the Chrysler Corporation (who is selling their 2007 luxury SUV called the Aspen). At the top of the caption the company has a headline that says, "Leave the Caddy in the shack." There is then, a picture of the vehicle below this statement with details about its different features. ("Leave the Caddy in the Shack," 2007, pg. 118)
The basic strategy that Chrysler is using is what is known as the Bacaro case. This is when the firm will show how they have cutting edge products that are of the same quality as competitors. To achieve these objectives there is focus on a number of different attributes including: price, the image of the product, the response of the competition and building favorable views among customers. ("Leave the Caddy in the Shack," 2007, pg. 118) ("Marketing Strategy," 2012)
In this ad, Chrysler is using these elements to illustrate how the Aspen is of the same kind of quality and luxury as the Cadillac products. This is designed to reach out to high end consumers by showing how the vehicle has more features and it is a better value. Once this takes place, there should be an association with the SUV in the ad and other products that are sold by Cadillac. ("Leave the Caddy in the Shack," 2007, pg. 118)
An analysis of this ad reveals that the company is using a similar strategy as other auto manufacturers. This is where they will take the reputation of a particular product and demonstrate how they have better quality and features. When this happens, there is supposed to be a shift in consumer tastes and trends. In this situation, the ad is effective in providing this kind of image of the company. However, over the long-term these efforts have failed. The reason why is because this model was not enough to help reverse decreasing sales at Chrysler (which eventually resulted in its bankruptcy). ("Leave the Caddy in the Shack," 2007, pg. 118)
As a result, the strategy that is one that has been traditionally used to allow consumers to compare and contrast the product. If this process is continually repeated, it can lead to shifts in the image of the merchandise. However, this will require the firm spending more money to promote the product and the new identify. In the case of Chrysler, the firm did not have the advertising budget to use this as a way to reach out to high end customers. Instead, there was focus on utilizing this approach over select amounts of time. ("Leave the Caddy in the Shack," 2007, pg. 118)
The second entry is from the same issue of Men's Health. This time a watch manufacturer named Tag Heuer is focused on showing how their watches are the most popular. The way that this is accomplished is through taking out series of different ads in the beginning of the magazine with various celebrates wearing them. The most notable include: Uma Thurman and Tiger Woods. This is designed to show how these watches are some...
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