GCSE revision (Product Evolution)

Description

Market push and pull criteria
T Andrews
Mind Map by T Andrews, updated more than 1 year ago
T Andrews
Created by T Andrews over 9 years ago
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Resource summary

GCSE revision (Product Evolution)
  1. Reasons

    Annotations:

    • 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

      Annotations:

      • 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

                Annotations:

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

              Annotations:

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

                  Annotations:

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

                    Annotations:

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

                      Annotations:

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

                          Annotations:

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

                              Annotations:

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

                                Annotations:

                                • 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

                              Annotations:

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

                                  Annotations:

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

                                    Annotations:

                                    • 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

                                      Annotations:

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

                                        Annotations:

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

                                          Annotations:

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

                                            Annotations:

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

                                                Annotations:

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

                                                            Annotations:

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