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callaway golf marketing objective case study
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The product I will discuss is the Rocketballz driver which is manufactured by the brand Taylor Made. This essay will discuss the how the marketing concept has been applied by Taylor Made by using relevant information such as the marketing mix on how the Rocketballz driver will provide value and benefit to its target market.
Taylor Made are one of the leading golf manufacturers in the world and have a reputation of quality and innovation. This is shown by the number of golf professional who uses their equipment. Taylor Made released the Rocketballz driver on the 3 February 2012. Taylor made needed to ensure it developed a marketing concept which would create quality by developing a driver up to professional standards while making it value for money for its target market. The market for golf drivers is dynamic as with new technologies arise, manufacturers need to keep up to date to avoid falling behind its competitors.
The value propositions for Taylor Made are the benefits consumers would acquire by choosing to purchase the Rocketballz driver over other similar products offered by competitors. Marketers decided to name the driver “Rocketballz” as during testing of the driver, the flight path was similar to that of a rocket. The Rocketballz driver was targeted to a variety of golfers as the driver is customised to any ability of a player. Taylor Made proves that by making a driver designed for all golfers, it creates a larger target market as the tangible benefits for its consumers are sustainable resulting in brand loyalty. The positioning of the Rocketballz driver would be in the centre of the top right quadrant. This is because of its exclusive quality and innovation but also the price is affordable for many consumers looking...
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...aft to encourage a higher club head speed and a compromising driver head to ensure straighter shots. The new inverted cone technology which was developed by Taylormade was used in this driver to ensure that mishits were forgiving as Taylor Made were targeting all golfers who need that extra assurance and reliability. The difference in the Rocketballz driver compared to its competitors is the black and white contrast between the crown and face of the driver. This was developed using computer aided design as the manufacturer were able to analyse the contrast between the crown of the driver and the ground to prevent shadows occurring to ensure easy alignment and aim. The white crown also gives the player more confidence as the player perceives the club head to be compact .The drivers’ face is larger compared with the ball ensuring greater confidence when teeing off.
In the 1990's, Callaway introduced yet another new line of woods that featured the S2H2 design with an oversize head. Compared to "an oversize tennis-racket for golfers," the Big Bertha driver, which was named for a World War I cannon, permitted straighter shots on off-center hits. Pro golfers were impressed with the feel and distance they got from the club, and by the end of the 1992 golf season, the Big Bertha driver was ranked Number 1 on the Senior PGA, the LPGA and the Hogan tours. Callaway Golf was now well on its way to achieving a reputation for producing forgiving clubs that helped lower scores.
In 1982, Ely Reeves Callaway had bought his small wedge and putter golf business and called it Hickory Stick USA and created clubs that were enjoyable for the average golfer. He called these clubs the Demonstrably Superior and Pleasingly Different (DSPD) clubs. This was a code he had always lived by. The family of Ely Callaway are not involved with the company today because he was told to choose his successor, and had chose Ron Draqpeau. He is a man who only shared the same vision and thought of golf, but also had the skills as a leader to continue his wonderful golf company. The goal was to make a good product and tell the truth about the game. In those days Ely would provide them to his customers personally in the back of his Cadillac. He made sales calls and talked to pros, amateurs, and those who came to be known as an average golfer. Finally, Hickory Stick USA came to be knows as Callaway Hickory Stick U.S.A, and not too long after that, Callaway Golf.
Although golfers end the day on the 18th green, their day begins on a tee box. A drive, the first hit off a tee toward the objective hole, may seem very routine and insignificant, but, in fact, it is the most important shot taken on each hole. If golfers hit a long drive into the nicely cut fairway, they have only to hit the ball off the nicely cut grass on usually a clear path to the hole. But if they hit a drive into the woods, then they have to make sure the ball does not hit any trees, branches, or other obstacles when exiting the woods. That’s why hitting a good drive is a must. With practice, even you can hit a fundamental drive.
In recent years, GM’s reputation as being one of the best automotive companies has been debated. The consumer has rejected some of their vehicle designs as
In recent years many manufacturing companies have exceeded the technology for residential, agriculture, construction, landscaping, forestry and engines, yet John Deere is still one of the best products that people use everyday. Questions come up whether the company’s products are proven, simple, more efficient, and integrated machines that are capable of developing engines. Some of the merchandises are strong-featured to survive the extreme vibration, temperatures, and duty cycles found in off-highway conditions. This paper will demonstrate Economic Environment, Socio-cultural Environment, Global Environment, Competitive Environment, Governmental Environment, and Technological Environment of John Deere Corporation (Leslie, 2014).
Callaway Golf Company began to take form in 1983, after Ely Reeves Callaway Jr. sold Callaway Vineyard and Winery for a $9 million dollar profit. Shortly after the sell of the winery, Callaway ventured in to the golf equipment industry and bought 50 percent of Hickory Stick USA. Callaway knew from the very beginning that this company’s profits were limited as long as the product line wasn’t changing. “Callaway noticed that most golf equipment had changed very little since the 1920s and believed that , due to the difficulty of the game of golf, recreational golfers would be willing to invest in high-tech, premium-priced clubs if such clubs could improve their game by being more forgiving of a less-than-optimum swing.” (Thompson, c205) Callaway then purchased the company outright and changed the name to Callaway Hickory Stick USA and then hires Richard Helmstetter as the companies’ chief club designer. With the help of five aerospace engineers, Helmstetter developed line of clubs that was set apart form competing brands by its technological innovation. In 1988, the S2H2 was launched as well as another name change to Callaway Golf Company. In 1992, sales are more than double recent years and Callaway Golf Company goes public and begins trading on the NYSE. Throughout the 90’s, Callaway leads the golf equipment industry with ongoing new lines of clubs and eventually adds golfing apparel. Donald Dye, Callaway’s new CEO, took the much of the blame for the downturn in Callaway Golf Company. Dye was ultimately responsible for initiatives that took managements focus off golf clubs. The company’s financial and market performance suffered immensely in 1998 causing Ely Callaway to return to rebuild the company. The textbook states on page c208, “Ely Callaway’s first efforts upon his return to active management at Callaway Golf were to ‘direct resources---talent, energy, and money--- in an ever-increasing degree toward the creation, design, production, sale and service of new and better products.’” In Callaway’s turnaround strategy, he initiated a restructuring program and operational improvements. By the end of 1998, Callaway’s strategies allowed the company to regain it s technological leadership.
The Titleist brand was inspired by an event which occurred in 1932. An amateur golfer, Phil Young, missed a putt while playing in a match with his friend. Convinced that it was the ball 's fault, Young and his opponent went to the hospital, x-rayed the golf ball in question and found that its core was, in fact, off-center.
Marketing is not just about selling and advertising products and services. In general, marketing is associated with identifying the particular wants and needs of a target market of customers, and then working to satisfy those customers better than the competition. This involves doing market research on customers, analyzing their needs, and then making strategic decisions about product design, pricing, promotion and distribution or place (Bethel, 2007). Understanding ways to identify the target market is crucial in developing market strategy. This paper is intended to define target marketing and examine a market analysis of Stacy's Pita Chip Company.
Chiefly, and most apparently, it is the goal of Tesla Motor to generate demand for Tesla vehicles (Andrade, Holloway, Payne, Roy & Sheffield, 2015). In turn, demand will drive leads to the Tesla sales team (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Tesla will continue to build long-term brand awareness, in addition to continual management of corporate reputation (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Tesla Motors will expertly manage the existing customer base to create loyalty and increase customer referrals (Andrade, Holloway, Payne, Roy & Sheffield, 2015). Additionally , Tesla Motors hopes to enable customer input into the product development process (Andrade, Holloway, Payne, Roy & Sheffield, 2015).
Where there is rapid growth comes increased competition; similarities in products across manufacturers have reduced brand differentiation across the board. The problem now is the severe rise of copycat companies and manufacturers that copy designs and specifications of cars, and proceed to undercut the original manufacturer’s profit margins. So to improve their brand standing, every manufacturer’s individually have resort...
Having both marketing strategies and both products analyzed and the history of the important marketing decisions made and techniques used by the company written down, it will be interesting to perform a critical analysis of how the market and business realities made an impact on the marketing of Tesla Motors, why it happened and what was the effect. The presence of the CEO and the impact he makes on the public and investor confidence will also be critically reviewed. Based on the results, a list of recommendations will be composed for both representatives and marketing specialists who work in the same or similar
Tesla Motors, Inc. the Silicon Valley-based designer and manufacturer of electric automobiles pride itself on energy efficiency, environmental responsibility and attractive industrial designs. Tesla Motors, a relatively new auto company has a name, trademark, and a product with unique features but lacks the history as some the other competitors like General Motors (GM), Toyota or Honda. The Tesla brand will be formed when the product is uniquely associated with customer experience, the advertisements, newspaper articles, magazines, and conversations with friends. Over time, the product builds history. Whether intentional or not, Tesla is building a powerful new brand in order to align with the hyper-connected, over-saturated, and peer-influenced world we live in. It is making bold promises and is clear on it’s purpose. The most significant advances in brand value come from identifying opportunities in the environment around us like consumers, technology, infrastructure etc. Brands act as symbols that express values and identities and can serve as the center of communities. Companies like Coke, Dove and Zappos: they all have a higher-order purpose beyond the products or services they are pitching. We think Coke and connections, Dove and empowerment, and Zappos and unconditional service, for Tesla, it is about a revolution in automobile industry.
GM- focused differentiation, medium pricing, breadth of product line is high. A strength is market share, and a weakness is styling and reliability and perceived quality.
One of the fundamental parts of successful brand creation process is developing the strong brand image and communicate brand ID across all available media channels. This essay will discuss and evaluate companies NIKE marketing strategies in terms of companies brand development efforts. The company’s success in the footwear, apparel and accessory markets will be linked with marketing branding concept. Furthermore, the discussion on NIKE marketing strategies and their efforts to preserve and increase the leading market position and marketing activities to increase brand equity will be discussed and critically evaluated.
emerging or new market. It can originate from new technology or new market opportunities (Eliashberg, J., Lilien, G. L., & Rao, V. R. 1997). Literature defines product development as exploiting an untapped market opportunity and turning it into a value product for customer satisfaction. Development and introduction of a new product requires extensive research on understanding customer needs, market structure, emerging trends and analysing the internal & external competitive market environments. To evaluate customer satisfaction previous researches provide strong relationship between customer satisfaction and product quality, product features and value for money. ***