Sdf Dsdf Dksf

591 Words3 Pages
HBS CASE: BMW FILMS 1. How fit is the BMW brand at the time of the case? Are there any reasons to anticipate undesirable financial performance in the future? Answer: Before the mid-1970s, BMW had been regarded by most Americans as a niche foreign car manufacturer. However, in the late-1970s, BMW had emerged as on of the hottest luxury brand in North America. BMW has many strong competitors and almost lose America market in 1992. BMW took many actions such as introduce new models, change price strategy, expand dealer network, and introduce new series. These actions were helpful for BMW’s brand and sales. They sold 200,000 cars in 2000, and reached record levels in the U.S. by 2001. The company took 2% market shares. BMW has strong brand image, but limit advertisement budget to introduce so many kind of series and models. BMW spend $15 million to produce series of short films for advertising. Non-traditional advertising may impressive, but also risky. The competitors could copy the idea easily. And it happened before to BMW. 2. What is BMW’s unique selling proposition? Describe a typical BMW’s target customer and how the company’s products fulfill his needs. Answer: BMW proud of the particular psychographic they serve. The average BMW customer was about 46 years old, with median income of about $150,000. Most BMW customers were well-educated, married, and had no children. Two-third were male. These consumers always busy and pay attention on details. BMW provide them quality design, also quality driving experience. 3. Using research findings presented in the exhibits (especially Exhibit 11), perform a critical evaluation of the effectiveness of BMW films in attracting potential customers to the brand. Answer: The BMWfilms.com visitors’ median income is $88,000, which is lower than BMW’s potential consumer’s average income $150,000.

More about Sdf Dsdf Dksf

Open Document