Preview

Prius

Powerful Essays
Open Document
Open Document
3431 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Prius
Please read the sentences in red!!!

The Chinese University of Hong Kong
MKT3030C Promotion and Advertising Management
Integrated Marketing Communications Proposal

TOYOTA PRIUS

Group 6

Name: Lei Kin Pang, Gordon () Mok Ka Ho, John () Chan Chi Ho, Daniel (02700333) Lai Wai Yip , Marc () Yim Ka Wai, Kathy () Cheung Lap Kei , Kei ()
CONTENTS
Page 1. Execution Summary 2. Situation Analysis a. Background Information of Toyota Motor Corporation b. Communication History of Toyota Motor Corporation c. Background Information of Toyota Prius d. Awards Attained by Toyota Prius e. Analysis of 4P’s – Product, Place, Price, Promotion f. SWOT Analysis of Toyota Motor Corporation and Toyota Prius g. Competitors Against Toyota Prius h. Target Market of Toyota Prius 3. Objectives a. Corporate Objectives b. IMC Objectives
4. Time Frame
5. Promotion Strategies a. Print Advertising b. Internet Advertising c. Sponsorship Activity d. Exhibition
6. Promotion Budget
7. Appendix
8. References
1. EXECUTION SUMMARY
This Integrated Marketing Communications Proposal is a one-year communications plan, which is to be launched in Hong Kong, for the Toyota Prius. It aims to further raise the awareness of the Prius and in turn increase the market share and sale. Market analysis identified the target market, which consists of two groups: private and corporate buyers. Consequently a communications strategy that makes use of various media has been created. Newspaper and car magazines as the print advertisements, the Internet, sponsorship activity and exhibition will be the main media. The Creative strategy is designed to emphasize the unique selling points of the Prius and weaken the target markets objections. The budget (HK$1,000,000) has been allocated for the events and advertisements this year. The majority of the budget will be spent on the



References: ■ Scientific American names Toyota Motor Corporation as "Business Leader of the Year" ("Scientific American 50"; December, 2003) for its singular accomplishment in the commercialization of affordable hybrid cars.

You May Also Find These Documents Helpful

  • Good Essays

    Throughout part 1 of the research paper IMC will be discussed and defined explaining the elements of the communication mix which includes: advertising, direct marketing, sales promotion, publicity/public relations and personal selling. The pros and cons will be given for each element. Part 2 will give a brief detail on the product that was created and the approach that will be made using IMC approach. Therefore; once the readers have completed reading the research paper they will be able to understand the message that is being communicated based on the core strategy that has been implemented. The readers will…

    • 1108 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Holden Commodore Marketing

    • 3454 Words
    • 14 Pages

    The company which I have chosen is Holden and the product is Commodore. Holden is the Local Company of Australia. This company had successfully completed its 60 years last year in 2008. And at this occasion company had launched the limited edition of Holden Commodore SS V-Series 60th anniversary. The marketing planning is done on the basis of the information provided by the company on the websites, news articles, broachers and journals. This marketing plan covers all the information like mission statement of the company, the situation analysis of the company and the product. The analysis is done both with the internal and the external environment taking into consideration the market, and various environments like the competitive, economic, socio-cultural, political, technological and demographic. Later in this marketing plan SWOT analysis of the company is done and the critical issues have been discussed. A study of marketing objectives and marketing strategies such as target markets, product strategy, pricing strategy, promotion strategy and distribution strategy of the company and the product is also done in the plan. And at last recommendations for any change in the company strategy and plan is given along with the implementation plan. The company has been the Australia’s top car selling company and Commodore has been the top selling car in Australia from 1996. As the company is the local company of Australia it has a good dominance over the market in the country and people also rely on the company very much. Holden basically comes under General Motors, and which ever car is exported outside Australia by this company is tagged under the brand name of Chevrolet and other brands of General Motors. Now the company is deciding to enter the international market with its own brand name and also many researches are going on within the company to make hybrid cars for the future.…

    • 3454 Words
    • 14 Pages
    Best Essays
  • Good Essays

    Toyota Prius Case Study

    • 916 Words
    • 4 Pages

    The Toyota Prius was in the market introduction stage then it matured into the market growth stage. In the Product life cycle there are four different phases. There is market introduction, market growth, market maturity, and sales decline. The Toyota Prius as explained by the book was a new experimental technology that Toyota wanted to test and introduce to the market to see how it would react. Toyota was at a point in their business where they wanted to innovate something new. Some of the ideas that Toyota was considering prior to the Prius were injection diesel engines, electric motors, hydrogen-powered fuel cells, and solar powered vehicles. This alone allows us to infer that Toyota had no prior market for these types of vehicles. This would automatically eliminate the three latter phases of the product life cycle.…

    • 916 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Bus4002 Business Report

    • 4988 Words
    • 20 Pages

    The report will choose the Toyota Motor Corporation as a case and analysis some questions about the company. There are three chapters in the report; these chapters discuss the competitive position, cross-cultural and the balance of social responsibility and profitability.…

    • 4988 Words
    • 20 Pages
    Better Essays
  • Best Essays

    Toyota is one of the leading manufacturers of vehicles in the United States and across the globe. Toyota is ranked #55 in Forbes, World’s Biggest Public Companies, and capturing sales of 202.8 billion and a market cap of 137.8 billion as of March 2011 (Forbes.com, 2011).” Founded in 1937 in Japan, Toyota now employs 320,590 with operations all over the world (Forbes.com, 2011). “Recognizing a growing market in the United States, in 1957 Toyota established its first sales, marketing and distribution subsidiary in the U.S. called Toyota Motor Sales Inc. (Gretto, M., Schotter, A., & Teagarden, M. 2009, p.2).” Over the years Toyota has manufactured and sold vehicles all over the world and is a leader in innovation and technology. However, in recent years Toyota has faced many setbacks that have consumers concerned about their safety and have Toyota looking for a way to get back their credibility.…

    • 1643 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    Toyota is a leading company, and for over 70 years. It has been expanding business all over the world and developing products. The company has 12 percent of the global market share. We can see and buy products everywhere.…

    • 2311 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Case Study Toyota

    • 508 Words
    • 3 Pages

    2. Toyota’s marketing strategy centers around consumers and their needs. Originally, Toyota marketed Prius as an alternative to fuel only vehicles taking the earth friendly approach. Marketing consisted of advertisements, promotions, vehicle incentives, sponsorships, press releases and Toyota’s reputation to draw in consumers. As competition arose, Toyota looked to market what consumers wanted, bigger, more powerful and better designed vehicles (p.666). Toyota began introduction to their second generation Prius, marketing what suited their consumer’s needs. Today, Toyota still uses the same marketing tools as before, but now they have expanded into a broader market giving consumers options (p.666).…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Case Toyota

    • 685 Words
    • 3 Pages

    Today, Toyota is the world’s largest automobile manufacturer. The company is ranked the eighth largest corporation by Fortune magazine. The company’s core principle is “to contribute to society and the economy by producing high-quality products and services.” Its success is often attributed to a business philosophy referred to as “The Toyota Way.”…

    • 685 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Toyota motor corporate is a Japanese automotive manufacturer headquartered in Toyota, Aichi Japan. In 2013, the multinational corporation consisted of 333,498 employees worldwide and as of January 2014 is the 14th largest auto manufacturer in 2012 by production. It’s the worlds 1st automobile manufacturer to produce more than 10 million vehicles per year. It was founded by Kiichiro Toyoda in 1937 as a spinoff from his fathers company Toyota Industries to create automobiles. Toyota is now number 5 on the list of “Which Automotive Companies Lead the Innovation Race?” Their global vision is “Toyota will lead the way to the future of mobility, enriching lives around the world with the safest and the most responsible ways of moving people. Through our commitment to quality, and respect to the planet, we aim to exceed expectations and be rewarded with a smile. We will meet our challenging goals by engaging the talents and passion of people who believe there is always a better way.”…

    • 1760 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    The importance of developing an integrated marketing communications plan has become even more important in the modern era. With so many different touch points, or ways that a prospect can experience a company 's message or advertisement, it is important that the message be clear and consistent (Business Training Schools, 2011). Developing the proper lines of communication, especially with a new product is vital to a company. In this paper Team C will evaluate factors involved in developing and managing an effective marketing communications plan. We will also discuss advertising and promotion programs. Technology trends available to help market the product is expressed as well. To sum it up we will compare and contrast the marketing communication strategies for both domestic and international markets.…

    • 1141 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Lexus

    • 413 Words
    • 2 Pages

    * However, the engineering and manufacturing costs associated with these technologies often would increase the price of the vehicle to the point where the fuel savings are negligible in comparison.…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    For more than 50 years, Toyota Motor Corporation has been one of the world’s leading manufacturers of motor vehicles in the United States. It was born a Japanese company in 1935 and came to America in 1957. Now headquartered in Toyota City, Japan, it employs more than 300 thousand employees globally (Toyota Motor Corporation Company Profile, 2012). In addition Toyota is a global marketing organization. It strategically operates primarily through Japan, Asia, Europe, and North America; but its vehicles are sold in more than 170 countries and regions across the globe (Toyota Motor Corporation Company Profile, 2012). The Toyota brand is traditionally defined by brand attributes such as global leadership, innovation, durability, reliability, and sustainability. It represents an industry leading product line of several models including the 1955 flop Toyopet, the 1965 comeback Corona, the Corolla, Toyota trucks, the luxury Lexus, the Avalon, Solara, Scion, and the world’s first hybrid the Prius.…

    • 2274 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    lexus

    • 297 Words
    • 2 Pages

    Lexus, headquartered in Nagoya and introduced to the North American market in 1989, is a luxury division of Toyota Motor Corporation. The car company boasts meticulous craftsmanship, relentless design, leading technology, and customer care. With a team of several highly experienced and skilled professionals with more than 25 years of experience, Lexus offers various models of cars to fit the needs of their target market. However, with its operational centers located in Belgium, as well as assembly plant in Ontario, the quality control of Lexus is declining. Lexus’ high pricing as a luxurious car product makes it less competitive in the local North American market with drivers of an average income. However, with the influx of Asian population in the country, a Japanese car like Lexus that targets Asian market offers promising business opportunities.…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Toyota markets the hybrid car as an environmentally better alternative to conventional petrol cars. Therefore, this marketing position appears to appeal to target market of hybrid car purchasers can be identified with below consumer characteristics:-…

    • 3063 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    1. What micro environmental factors affected both the first generation and second generation models of the Toyota Pries? How well has Toyota dealt with these factors?…

    • 1250 Words
    • 5 Pages
    Powerful Essays