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Kodak
Essay specific features
Written by:
Vicki A
Date added:
October 24, 2013
Level:
University
Grade:
A
No of pages / words:
3 / 703
Was viewed:
7692 times
Rating of current essay:
Essay content:
Kodak should be more concerned with increasing revenue and profit rather than regaining lost market share. Kodak should expand the premium market segment by offering a mid-grade film between the "Gold Plus" and "Royal Gold" products to bolster brand equity and yield higher gross margins.
Analysis
We examined three alternatives (i) give Funtime time to build market share (ii) Abandon Funtime completely and (iii) Reposition Kodak product line...
displayed 300 characters
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Concede the economy market and offer a film between "Gold Plus" and "Royal Gold." Replace "Funtime" with "Gold Premium Plus."
Pros
? Retain Kodak's respected brand equity, no new product or packaging to detract from image as quality
? Higher gross margins (see Table 2)
? Distances perceived quality divide between Kodak and low-price competitors
? Maintains Kodak's reputation as a market leader, as opposed to a "me too" strategy of following competitors
Cons
? Concede economy market segment
? Give up some market share
Recommendations
Kodak should abandon Funtime film and pursue an alternative strategy...
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