GCSE revision (Product Evolution)

Descripción

Market push and pull criteria
T Andrews
Mapa Mental por T Andrews, actualizado hace más de 1 año
T Andrews
Creado por T Andrews hace más de 9 años
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Resumen del Recurso

GCSE revision (Product Evolution)
  1. Reasons

    Nota:

    • The Mini was designed in 1959. It became and instant hit and was seen as a trend setter. Many celeberaties of the day owned one
    1. Market-pull

      Nota:

      • This influenced on the needs/wants/demands of the consumer.
      1. Consumer demand
        1. Wants
          1. Demands
            1. Products are use friendly
              1. Sophistigated
              2. Create

                Nota:

                • In 2001 BMW re-designed and launched the New Mini and successfully created a new wave of consumer demand.
            2. Technology-push

              Nota:

              • How companies have used technology to improve products to create consumer demand.
              1. Reasons
                1. Technologies

                  Nota:

                  • Use of robotics on the production line has reduced manufacturing times
                  1. Materials

                    Nota:

                    • Development of materials: stronger, lighter, cheaper etc.. This will also include smart materials
                    1. Techniquies

                      Nota:

                      • This might include manufacturing and production methods, such as just in time systems.
                      1. Cheaper
                        1. Function

                          Nota:

                          • The improved functionality of the project. This might include comfort, speed, fuel consumption etc...
                          1. Aesthetics
                            1. Sell

                              Nota:

                              • The market place has expanded as economies expand
                              1. Computerisation

                                Nota:

                                • The use of CAD/CAM, Robotics, 3D printing etc... This has reduced costs, production times, shortened manufacturing runs but has impacted on labour.
                            2. Development of the telephone

                              Nota:

                              • Alexander Graham Bell invented the telephone in 1876. Since then it has evolved into the current mobile phone.
                              1. Pull
                                1. Fashionable

                                  Nota:

                                  • The need to follow a trend.
                                  1. Peer pressure

                                    Nota:

                                    • Peer pressure to keep up with trends and not seem out of place. Sometimes has an economic impact on those who cannot keep up with the change.
                                    1. Consumer demand

                                      Nota:

                                      • Modern advertising, social media, internet shopping etc... means consumers can become aware of products easier.
                                      1. Power

                                        Nota:

                                        • To control or influence other peoples reactions and thoughts.
                                        1. Social media
                                        2. Safety

                                          Nota:

                                          • Some people feel they are safer with a phone/product
                                          1. Communication

                                            Nota:

                                            • The speed of communications has increased
                                          2. Push
                                            1. Multi-functional
                                              1. Progressive marketing

                                                Nota:

                                                • Junk mail, targeted advertising on all platforms.
                                                1. Texting
                                                  1. Applications
                                                    1. MP3 players
                                                      1. Camera
                                                        1. Internet
                                                          1. Computing power has increased

                                                            Nota:

                                                            • Phones have evolved into small computers as the memeory and the speed of micro chips has increased.
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