Case summary:
Company P is an insurance firm, which was started as a single auto insurance firm and later developed into a set of individual firms, which writes and manages property and casualty insurance in many states. The firm took a process of rebranding in order to mix the three different brand of auto-insurance into one.
Instead of producing the brand again in overnight, the firm takes a slow transformation, which sustains the existing brand equity. However, at last, they transformed all the three brands into one.
Characters in given case:
Company P: The insurance company.
To discuss: The value proposition that lies in the process of Company P.
Want to see the full answer?
Check out a sample textbook solutionChapter 8 Solutions
Principles of Marketing, Student Value Edition Plus MyLab Marketing with Pearson eText -- Access Card Package (17th Edition)
- Mmamadiathite Farms is a well – established company that specializes in producing a wide range of organic vegetable produce. For a long time, Meditate has been known for its commitment to offering high quality organic products, ranging from fruits and vegetables to dairy, beef and snack such as biltong. Despite their reputation for quality, Mmamadiathite Farms has decided to undergo a comprehensive rebranding process to stay relevant in a rapidly changing market and appeal to a broader consumer base.a) Analyse the reason behind Mmamadiathite’ Farms’ s decision to rebrand. (5 marks)b) What are the potential benefits and risks of rebranding in the organics food industry? (5 marks)c) Outline the key elements of a successful rebranding strategy for Mmamadiathite Farms (10 marks)d) What marketing and communication channels should they use to effectively reach their target audience (5 marks)arrow_forwardPlease answer these questions -Discuss the key elements of a brand. How can brands lose their value? -Distinguish between emotional and rational branding. -Which affiliate marketing strategy do you think is the most effective? Why? -What are the advantages of an affiliate marketing strategy?arrow_forwardFirst Flavor is a start-up company with a unique product. It manufactures great-tasting edible film that can replicate the flavor of just about anything, from an eight-topping pizza to an alcoholic beverage. If you’re wondering why a company would make such a product, think of the endless possibilities it allows for consumers to sample the taste of a food or beverage before purchasing it. Although First Flavor first replicated flavors on thin film in order to market the product as a new method for product sampling, the company is now evaluating many other applications of the technology. This video demonstrates how one product can be marketed in multiple ways. Brainstorm a list of the ways that First Flavor’s edible film might be used to sample products.arrow_forward
- 1. Find entrepreneurs who have developed their venture by solving a problem? 2. The regulatory requirements and statutory bodies involved in starting a business? 3. What is concept test? Write one-page concept test for your product? 4. What are the most suitable distribution channels for banking sector? 5. On the basis of different financial sources discussed, suggest appropriate options to solve the financial problem of restaurant owner (with proper justification). 6. Define business plan and explain each and every element of business model development. 7. Discuss the one central government’s and one state government’s policy for start-up funding in India.arrow_forwardCritical Thinking In general, professional selling has evolved from hard selling to relationship selling. Do some organizations still use the hard-sell style? If so, explain. What do you think the future holds for these organizations? Will the hard sell continue to succeed; that is, are there instances in which transactional selling is still appropriate? If so, when?arrow_forward1). Identify a company that is publicly held and widely visible in an industry 2). Explain the company, product/service mix and target market. 3). Identify the "Four Major Types of Utility" of that institution. 4). Then identify the "Value Proposition" of that company and describe how each "Utility" supports the Value Proposition the company is marketing to the target market.arrow_forward
- Coca-Cola is the most recognizable brand in the world. How did the company achieve this distinction? What has the company done in its marketing mix in terms of product, price, distribution, and marketing communications that has created such tremendous brand equity and loyalty? How has advertising aided in building the brand? (Students might want to visit Coca-Cola’s Website for help at http://www.coca-cola.com/global/glp.html (Links to an external site.)Links to an external site.)arrow_forwardA corporate chain is defined as: a.)firm that owns and manages more than one store. b.)retailer-sponsored groups formed by independent retailers that run their own buying organizations and conduct joint promotion efforts. c.)wholesaler-sponsored groups that work with "independent" retailers. d.)franchisors who develop good marketing strategies, and who carry out the strategy in their own units. e.)a firm that owns a single-store but operates through multiple franchisors.arrow_forwardMoonlight Bank Ghana is currently facing keen competition. As the lead marketing consultant, you have been tasked to develop a new product for a particular target market. From a marketing perspective, new product development refers to the complete process of bringing a new product to the market. Discuss the steps you will consider in developing the new product for it to be successful in this competitive Ghanaian banking industry. You also believe that a good brand creates structure in the minds of your consumers; hence discuss extensively how branding can be used to create strong, unique and favourable associations in the minds of your customers, five importance each of branding to your customers and your institution. In addition, with relevant examples discuss how the use of brand names, slogans, product strategies, pricing strategies, promotional strategies and celebrity endorsement each can contribute to building and enhancing brand equity within the financial service industry.arrow_forward
- the partnership of Vignette with Batalloure Beauty LLC represented a .... opportunity for the brand . Which option is correct 1) dual - leveraging 2) by - product branding 3) derived demand 4) co- branding 6) ingredient bundlingarrow_forwardI need the correct answer to this practice question I found online pleasearrow_forwardPeppers, a well-known company, offers premium/fine dining experience with its chain of restaurants present all over the country. The management has identified tremendousfuture growth potential for restaurants catering to the mid-priced segment diners. Peppers is now trying to formulate a branding strategy to enter into the lucrative but competitive mid-priced restaurant segment with their own chain of restaurants. Identifythree branding strategies and explain their pros and cons. Also, suggest which branding strategy would you recommend for Peppers. With respect to the suggested brand strategy, explain three ways in which Peppers can build brand equity for their new chain of restaurantsarrow_forward
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning