Preview

Markstrat

Powerful Essays
Open Document
Open Document
25717 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Markstrat
PARTICIPANT HANDBOOK
STRATEGIC MARKETING – DURABLE CONSUMER GOODS

Jean-Claude Larréché
The Alfred H. Heineken Chaired Professor of Marketing

INSEAD

Hubert Gatignon
The Claude Janssen Chaired Professor of Business Administration and Professor of Marketing

INSEAD

Rémi Triolet
Simulation Expert

How you can save paper.
Please refer to page 2 before printing this document.

Copyright © StratX

2013-11-30

i

TABLE OF CONTENT
I.

Introduction to the Markstrat Challenge ________________________________________________ 1
1.
2.
3.
4.
5.
6.

II.

Understand your role ________________________________________________________________________________ 1
Your objective ______________________________________________________________________________________ 1
Your team _________________________________________________________________________________________ 1
Getting prepared ___________________________________________________________________________________ 2
How to print the PDF version of this handbook ___________________________________________________________ 2
Questions & Technical Support _______________________________________________________________________ 2

Overview of the Markstrat World ______________________________________________________ 4
1.
2.
3.
4.
5.
6.
7.

Sonite Products _____________________________________________________________________________________ 4
Vodite Products ____________________________________________________________________________________ 5
Naming Conventions ________________________________________________________________________________ 6
Sonite Customers ___________________________________________________________________________________ 6
Vodite Customers ___________________________________________________________________________________ 7
Distribution Channels ________________________________________________________________________________ 7
Economic Environment

You May Also Find These Documents Helpful

  • Satisfactory Essays

    MGT 5000

    • 452 Words
    • 2 Pages

    In my previous position I was responsible for managing a small team of 8 in a high volume retail store. Due to the small team and high work volume, many of the team members had established a close friendship. This team comprised of a combination of new and original team members. This team brought both a combination of youth and enthusiasm, and maturity and professionalism to the team. Due mainly to the retail environment, the store has always had a high turnover of team members, but the store has always comprised a combination of both new and training team members and experienced team members.…

    • 452 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mgt 5000

    • 350 Words
    • 2 Pages

    1. Slightly Used Goods has cash of $2,150, inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and accounts receivable of $4,660. What is the cash ratio?…

    • 350 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    MKT415

    • 568 Words
    • 2 Pages

    The traditional CRM software is used to manage business interactions with customers in all areas. This is an application that makes communication and other elements much easier in the business world- at a hefty price of $350,000, which was only about 25% of the total implementation cost. There were several different types of potential customers (“noncustomers”) that the traditional CRM software suppliers were not serving with existing products. The three tiers in specific were individual customers and small and medium-sized companies. These customers were not buying traditional CRM for various reasons, with the major factor being cost. At the lower end of the market, many of the small businesses did not have funding to pay for the cost of basic CRM applications. These companies used more simple methods such as database programs; excel spreadsheets, Rolodex or even a basic filing cabinet. Individuals, or companies with few people could not afford to use the CRM, or simply didn’t have acSalesforce.com really eliminated the extensive cost for acquiring CRM software licenses and maintenance. Instead of the extensive cost that the traditional CRM software suppliers enforced, customers instead paid a monthly subscription fee (per user) to access the applications online. They raised the accessibility for their customers, being able to log on to use CRM applications via a simple web site (eliminating the need to purchase a software license), dramatically reducing the time spent on it as well. Along with being faster to use, it also reduces the time spent to train people on how to navigate the software. Not only was it easier, it was more efficient due to the fact that no client software was required to be installed. This allowed users to access CRM applications so long as you had Internet access.…

    • 568 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Mkt 33

    • 295 Words
    • 2 Pages

    The test covers materials from the textbook, the videos, and any additional materials we discussed in class. The following list highlights some of the more important topics we’ve covered so far and by no means exhausts the possible topics of the test.…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mgt 200

    • 1105 Words
    • 5 Pages

    "It was very commonplace, very," Brown told ABC News. Brown was a former employee at Newark International. "It was…

    • 1105 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Mkt100

    • 924 Words
    • 4 Pages

    Discuss this product in terms of its repositioned target market demographics using U.S. Census Data.…

    • 924 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    the stamp mact

    • 2999 Words
    • 12 Pages

    1. The Stamp Act was passed by the British Parliament on March 22, 1765. The new tax was imposed on all American colonists and required them to pay a tax on every piece of printed paper they used. Ship's papers, legal documents, licenses, newspapers, other publications, and even playing cards were taxed.…

    • 2999 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Mark 302

    • 641 Words
    • 3 Pages

    Häfner, M., & Trampe, D. (2009). When thinking is beneficial and when it is not: The effects of thin…

    • 641 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    mkt 501

    • 424 Words
    • 2 Pages

    This week’s topics include credit markets’ effect on the economy, as well as global economic conditions regarding trade and specialization business decisions. Concepts discussed include credit markets and the role of the Federal Reserve in creating money and controlling the money supply, as well as how economies interact with one another. The readings for the week address the role of the Federal Reserve and foreign exchange. These concepts emphasize the role of central banks in global financial crises and the tools they must utilize.…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    LBST 300

    • 404 Words
    • 2 Pages

    For the exam, you will receive one of the following questions — my choice. By studying the following questions you will prepare yourself for the exam, which is closed-book, closed-notes, closed-phone. You will not need any paper; I will supply paper for your responses and scratch paper as needed.…

    • 404 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    mark

    • 1389 Words
    • 6 Pages

    The human body is an outstanding “machine”. It is compose of several major systems, which are formed by organs that have their own distinct and unique functions. Another unique machine that has several major systems is an oil refinery. An oil refinery is an industrial process plant where crude oil is processed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas. The mechanic of both the human body and oil refineries work almost identical, comparing them together is astonishing how they are almost alike.…

    • 1389 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Wesak 5 Marker

    • 324 Words
    • 2 Pages

    As an expressive compilation of all beliefs of Buddhism, Wesak incorporates all it means to be a Buddhist: the Three Jewels, the Four Noble Truths, and the Eightfold path. The commemorating festival of the birth, enlightenment and death of Buddha employs ritual practices to outwardly express and inwardly contemplate their commitment and yearning to reach enlightenment. In expression of the 3 Jewels, adherents kneel and bow 3 times a day, taking the 3 refugees “I take refuge in the Buddha, the Dharma and the Sangha”. Puja is the act of showing reverence to a ‘god’ like creature, but because Buddhists do not worship the Buddha himself, concentration goes to connecting to his spiritual wisdom and to one’s self, as communicated in the Dharma: “Without morning meditation each day, I cannot find a sense of contentedness within myself” - Ketut Sandhiartha. As prayer, Puja is portrayed through communal chanting, individual meditation and devotional offerings to a symbol of Buddha. These offerings themselves also express Buddhist beliefs, with the example of gifts of incense symbolising both the spreading of ‘the fragrance of pure moral conduct’ as well as burning symbolising impermanence. The ‘Bathing of the Buddha, A Mahayana ritual, whereby Buddhists pour water over a statue of the Buddha, purifies the mind from inner thoughts, allowing internal balance. The four noble truths is the knowledge of the unsatisfactory nature of life, which leads to suffering (dukkha). Through reflection and prostration before images of Buddha, these truths, that dukkha exists due to impermanence (anicca), with the only release being Nirvana (the overcoming of desire), are comprehended properly, giving purpose and direction in life. During Wesak, the Eightfold path is reaffirmed as the way to reach Nirvana, with adherents aiming to correct their lives to imitate the 8 laws. By adhering to these guidelines, along with living in accordance with the Middle Way, Buddhists are guaranteed that…

    • 324 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Mkultra

    • 1256 Words
    • 6 Pages

    When looking at human experimentation during the twentieth century the nations that come to mind are Japan, where scientists amputated limbs from subjects only to reattach them to other parts of their bodies; Russia, where the Soviets tested odorless poisons on prisoners with the goal being not having it detected postmortem; or most infamously Nazi Germany and the heinous experimentation performed on the Jews. What most don’t realize however is the United States has its own history of unethical “studies”, “vaccines”, and “projects”. One such was the MKULTRA project, which has become notoriously known for carrying out some of the most unusual and sometimes inhumane experimentation financed by the American government.…

    • 1256 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Marks Spencer

    • 9814 Words
    • 38 Pages

    For managers at Marks & Spencer the year 2000 was turning out to be a less than auspicious…

    • 9814 Words
    • 38 Pages
    Powerful Essays
  • Satisfactory Essays

    Great Marks Company

    • 261 Words
    • 2 Pages

    Allen Marks is the sole owner and operator of Great Marks Company. As of the end of its accounting period, December 31, 2009, Great Marks Company has assets of $940,000 and liabilities of $300,000. During 2010, Allen Marks invested an additional $65,000 and withdrew $45,000 from the business. What is the amount of net income during 2010, assuming that as of December 31, 2010, assets were $995,000, and liabilities were $270,000?…

    • 261 Words
    • 2 Pages
    Satisfactory Essays

Related Topics