Preview

Honda Marketing Plan

Powerful Essays
Open Document
Open Document
3673 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Honda Marketing Plan
Table of contents
1.2 Letter of recommendations
1.3 Executive Summary of the marketing plan
1.4 Outline of the marketing plan
1.5 Introduction, Background, summary and update of the case study

2.1.1 Target Market Analysis
Primary Target Market
Primary Target Market Demographics
Secondary Target markets

2.2 SWOT Analysis:
2.2.1 Strengths
2.2.2 Weaknesses
2.2.3 Opportunities
2.2.4 Threats

2.3 Competition Analysis
2.4 Keys to success

2.5 Macro Environment Analysis
2.5.1 Economy
2.5.2 Culture
2.5.3 Politics, Rules and Regulations
2.5.4 Technology

3.1 Mission Statement
3.2 Marketing Objectives
3.3 Financial objectives
3.4 Positioning strategy

3.5 Marketing Mix Strategies
3.5.1 Product Strategy
3.5.2 Price Strategy
3.5.3 Promotion Strategy
3.5.4 Place strategy 4.0 References

1.2 Letter of Recommendation

Honda Motor Co., Ltd.,
Mr. Takanobu Ito
-1, 2-Chome
Minami-Aoyama
Tokyo, 107-8556
Japan

Dear Mr. Takanobu Ito,
I appreciate the opportunity to analyze your business and present my research to you. I will now attempt to summarize my findings in this letter, which are detailed out in the marketing plan.
Your annual report 2011, expressed how Honda operates under the basic principles of “Respect for the Individual” and “The Three Joys” joy of buying, selling and creating. Honda’s commitment to these basic principles since its establishment in 1948 is why your company is the world’s leader in innovation and development of motor vehicles. Conversely, my opinion is that Honda is on the brink of something even more phenomenal. With a focus on fuel efficiency, hybrid vehicles and at affordable prices, Honda will become the world’s largest manufacturer of motorcycles and automobiles. With your global network of 383 subsidiaries and 91 affiliates there is no reason to not see this happen within the next 3 years.
Honda has done a excellent great job of staying ahead of the technology curve. Competitors look to you for your



References: Honda (2011, March). Form 20-F (SEC filing 1-17628). Retrieved from Honda: http://www.sec.gov/Archives/edgar/data/715153/000119312511171350/d20f.htm#toc123299_9 Honda Motor Co., Ltd.. (2011). Annual report 2011 (Annual Report). Retrieved from Honda: http://world.honda.com/investors/library/annual_report/2011/honda2011ar-all-e.pdf MotoGP: Basics History. (2011). Retrieved from http://www.motogp.com/en/MotoGP+Basics/history Rodriguez, A & Page,C (2009). A Comparison of Toyota and Honda Hybrid Vehicle Marketing Strategies. Retrieved from EBSCO Host

You May Also Find These Documents Helpful

  • Good Essays

    Originally Toyota targeted younger, technologically savvy, leading-edge buyers (Cannon, et. al. p. 634). They priced the vehicle under twenty thousand to keep it affordable, and though it had a slow start, Prius-Genius was a success. Within a few years the competition for “green” vehicles grew substantially. Toyota began to not only maintain, but to increase their market share by expanding their product offerings to accommodate a more diverse group of car buyers. The Prius got bigger, accommodating families, today offering 4 different Prius product lines, the Prius, the Prius V, the Prius C, and the Prius-Plug-in. Toyota didn’t stop there; they have since expanded their Hybrid technology to include the Camry, Avalon, Highlander, and Rav4. Of the 12 products Toyota offers today, almost half of them have a Hybrid version (5 of 12). Toyota is still using the same marketing tools of advertisements, promotions, and vehicle incentives; it just applies to a much broader target audience.…

    • 447 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Oil prices have recently been rising and will probably continue to rise as the world’s oil sources are depleted. This could mean that there will be a fall in demand for regular fuel cars and a rise in demand for smaller more efficient cars. Honda is producing hybrid technology which will seem more attractive due to higher oil prices. Also, as consumer confidence returns to the US economy, fuel efficient SUV’s are also an alternative to consumers who aren’t comfortable driving smaller cars on America’s highways. As Honda adjusts its production to a more fuel efficient or hybrid/electric technology, they will have the potential to see increased revenue.…

    • 3054 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    SWOT for KOO-E Nami Royale

    • 3910 Words
    • 16 Pages

    I would be pleased to discuss the analysis and results of this report with you at your request. My business and I thank you for your confidence in selecting us to prepare this comprehensive report.…

    • 3910 Words
    • 16 Pages
    Satisfactory Essays
  • Powerful Essays

    Vuzix.

    • 2521 Words
    • 11 Pages

    The company, Vuzix, has 9 years of experience in developing advanced proprietary display technology for the military and industrial sectors has laid the foundation for its leadership position in the emerging consumer Video Eyewear market. The company is a privately held company and the pioneer in manufacturing Video Eyewear and personal display devices for the mobile video, entertainment, defense and commercial markets.…

    • 2521 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Honda is considered to be one of the best auto makers in the world; its customer base continues to grow throughout the years. Honda also has profit margins constantly higher than its closest competitor Toyota Motors.…

    • 1822 Words
    • 8 Pages
    Good Essays
  • Better Essays

    TiVo - Marketing plan

    • 2030 Words
    • 9 Pages

    A Marketing Plan is a document that presents recommendations to fulfill a company’s marketing strategy. It should describe what you want to accomplish overall and what precisely needs to be done to get there: your objectives, strategies and tactics.…

    • 2030 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    I would like to thank you first for the opportunity to conduct the marketing assessment proposal for your company. I hope you find my recommendations satisfactory in this letter, which is summarized below.…

    • 5728 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    The mobile phone and phone device market in Vietnam is developing and with the high growth rate of phone users, Vietnam becomes a potential market of phone company. First introduced in 1996, until now Nokia is one of the popular brands in Vietnam. Understanding customer needs and want is a key for success of Nokia. Nokia has many line products that can be listed out as E series, N series, 1200, Lumia… Nowadays, digital technology and smart phone seem to be more popular.…

    • 1717 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Toyota Marketing Plan

    • 4324 Words
    • 18 Pages

    The company has committed itself to offering of hybrid alternatives for every model that is sold in the market. This is aimed at enabling the Company to make a total sale of 1 million hybrid vehicles within a year, and this goal has been…

    • 4324 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    1. What is the strategy that has allowed Honda to be so successful in the motorcycle industry…

    • 609 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The demand in the American automotive industry is tougher than ever. Rising consumer costs and environmental concerns are changing driver's buying habits. The future generation of drivers will evaluate a car's performance and price just as much as its impact on global climate conditions. Nissan is responding to the challenge. In 2007, we released a new line of clean diesel-powered vehicles, the Maxima and the Titan. Our engines are redesigned and run with an improved battery. For a little more than a conventional gas engine, consumers will have the choice to buy the advantage of a car that will give them more gas mileage, increased durability, cheaper fuel costs and above all, a cleaner burning alternative to gas.…

    • 2825 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Recently new challenges have come up: in 1999, Honda has set up a 100% owned subsidiary, which produces scooters, and represents a direct competitive threat.…

    • 7212 Words
    • 29 Pages
    Good Essays
  • Satisfactory Essays

    Honda Marketing Stratergy

    • 282 Words
    • 2 Pages

    Thanks to the success of its joint venture with Hero Group and KEL, 'Honda' was already a household name in India. Hence, rather than putting major efforts into brand building, HMSI's marketing strategy emphasized on offering innovative products at competitive prices, novel promotional campaigns and developing an extensive distribution network...…

    • 282 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    New Food Court

    • 6084 Words
    • 25 Pages

    A place to spend quality times with your friends and family with mouth watering food and breath taking beauty of the longest beach in the world…

    • 6084 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Plan

    • 4662 Words
    • 19 Pages

    We hope you will asses our marketing plan considering the limitations of the study. Your kind advice encourages us to do future work. We will be highly grateful to if you kindly accept…

    • 4662 Words
    • 19 Pages
    Powerful Essays