Promotional and Advertising Strategies: Toyota and Ford
Toyota and Ford companies are the two leading automobile companies in their industry. Toyota, the Japanese-based automobile company, is currently the top most company in the world. Although the U.S.-based Ford Company is not second, it is also fairly positioned in the ranks of the most performing car assembling companies. Ford Company has of late joined the ranks of the few companies to release hybrid vehicles. In the hybrid race, Toyota leads the pack while Ford closely trails it. Ford Company is currently rebranding with the aim of reaping maximally from the market, which Toyota currently controls. The promotional activities of these two companies on the selling the hybrid products entail intensive advertisements as well as supportive Public Relations gimmicks meant to make the companies' products sell. The nature of the trade that the two companies engage in is one where information means a lot in the target of making sales. Clients normally go for the best commodity in terms of specifications and use. Hardly does the issue of price come in. These two companies often adopt different but comprehensive number of promotional activities that guarantee maximum sales. This paper aims to expose the promotional strategies and activities that Toyota and Ford have been using.
Comparison and contrast of the promotional and ad strategies
Promotional strategies for the two automobile companies differ. Toyota, being the leader in the market has been trying to stabilize its status as the market leader. Pursuant to this, the company has rolled a series of adverts with appropriate messages. For instance, the adverts that this company uses are all made with messages that give credit o the product rather than the company. The reason Toyota Company management has been able to maintain its position is purely anchored on the element of publicity and advertisement (Baker, 2010). More specifically, Toyota Company has been making all the potential buyers view adverts of the different nature. From the wordings of the adverts, one gets the conviction that whatever they are looking for has been found. Quality and appropriateness dominate these adverts. Toyota evidently uses social media to promote is vehicles with the different videos its makes about its vehicles. Toyota is seen to have beaten Ford with its ?#"OneBoldChoice" hashtag on social media. The company also secured a 90-minute video that aired on the recent Super Bowl Sunday. Toyota's prowess in the web in terms of product promotion and advertising cannot be underestimated
In the case of Ford, the company uses the real names of consumers as it was seen in the "Drive One" ad where someone named Chris featured. In the previous economic recession, Ford suffered and the government had to bail it out. This may not have gone well with majority of its consumers. In its strategies from promoting the sales of its vehicles, the company had a tagline "we-didn't-take-the-money." This was seen as strategy to emphasize on the quality of the vehicles irrespective of the financial challenges. The "Quality is Job 1" slogan also emphasizes on the company's legacy of good vehicle productivity dating back to 1980s yet promising a better quality in the days to come. The recent past has witnessed heightened promotional campaigns by these two manufacturers as they each go around the other's neck on this. The result of their campaigns has led to the market being divided among them. From a close analysis, the kind of promotional activities that these two companies engage in are geared towards outdoing each other. Therefore, by extension, the adverts are in a way a de-campaigning exercise on each other (Young, 2011).
Attaining a competitive advantage
In the automobile industry, a company can employ two marketing techniques for it to make itself more competitive than the rest. One method is by use of continuous marketing promotion. Most businesses only conduct promotional activities when they are facing a threat of being outsmarted in the market. This approach to marketing does not successfully galvanize the market for the advantage of the concerned company (Young, 2011). Marketing ought to be done continuously and consistently with the same intensity all through. Once this is done, it will make steady sales. Continuous marketing also helps in stabilizing prices. Since the information about the products will be fully known to the customers all over the period, it means that they will get used to them over the lifespan of the company. One other competitive advantage...
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