Last Updated 26 Jan 2021

VP Of Marketing Negotiation

Essay type Research
Words 634 (2 pages)
Views 317

Since you have two daughters, one 8 and one 12, you feel that you have a good understanding of the teen market in addition to the industry knowledge you have gained in your time at Newport Girl. You have seen the popularity and high volume of pop music sales among children and young teens and realize that the majority of the girls purchasing pop music are within the target age group for the pop star line of dolls.

Both of your daughters always want the newest liberty pop star products whether it perfume by Jennifer Lopez or tee-shirts by Beyond'. Because of this, you think introducing a doll with a celebrity face would drive huge sales for the company. Your team's research indicates that there is a large market for a pop star line of dolls and a more moderate market for a sports star line of dolls. Projected sales volume for the pop star line is around 4,000,000 if you could use celebrity likenesses. Sales volume would be about half that amount without celebrity likeness.

This is the same sales volume that your team projected for a sports star line of dolls with liberty likeness. A revamp of the Ashley doll only has a projected sales volume of 500,000. You think that Jennifer Lopez would be a perfect candidate for the first pop star doll because she has so much exposure due to the different industries she is involved in: music, acting, clothing, and fragrance. If such a doll were to be introduced, you feel that the 812 year age group is the most appropriate because of the actress's sexy, risqué© image.

Haven’t found the relevant content? Hire a subject expert to help you with VP Of Marketing Negotiation

$35.80 for a 2-page paper

Hire verified expert

Since soccer is the fastest-growing female sport in the U. S. And the women's U. S. Soccer team is very popular among teens since winning the World Cup and Olympic Gold, you think releasing a sports doll is also a good way to create new sales for the company. You have seen the way your daughters have fallen in love with UP Of Marketing Negotiation By Asynchronously Ham, former captain of the Champion U. S. Women's Soccer Team, would be a good candidate for the first doll of a sports star line of dolls.

She holds the record as world's all-time leading scorer (male or female) and on her first year of eligibility was inducted in the National Soccer Hall of Fame. The best selling point for the sports star line is that it can be introduced to girls in the 3+ age group cause of the wholesome image and universal appeal of a female sports star. You want Newport Girl to introduce both the pop star and sport star line of dolls at the same time like Matter did with the My Scene and Flat dolls. You are not enthusiastic about creating another marketing campaign for that stale Ashley doll.

With the two new lines of celebrity doll, you think that Newport Girl can capture 10% of the market share for dolls compared to the measly 5% you now have. Brat alone has 25% of the doll market stealing 15% from Matter in Just two years. If the celebrity doll line really takes off, it too could catapult Newport Girl to future 25% market share and perhaps steal some of Brat sales. You are interested in pricing the doll below the competitive average in order to penetrate the market with this new doll.

You want Newport Girl to grab market share and become a major player in the new celebrity doll industry. You feel that sacrificing profit margins for market share will help grow revenues since the dolls would be available to more girls. Regarding the issues of using DINE and outsourcing, you are ambivalent to the alternatives as long as the price can remain competitive. 0 2006-2008 Dispute Resolution Research Center, Northwestern University. All rights reserved.

Haven’t found the relevant content? Hire a subject expert to help you with VP Of Marketing Negotiation

$35.80 for a 2-page paper

Hire verified expert

Cite this page

VP Of Marketing Negotiation. (2018, Mar 09). Retrieved from https://phdessay.com/vp-of-marketing-negotiation/

Not Finding What You Need?

Search for essay samples now

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire verified expert