Original submission details
Original title: Cilkray market questions
View original KEATS context ↗ (university access required).
3.7 Cilkray Graphics_ share your thoughts
1. What is Cilkray’s product line strategy? 2. How does Cilkray define the market (hint: segments)? 3. What should Cilkray do with respect to product development?
Course task reproduced as context. The response below is Fiona’s independent academic work. KEATS source ↗ (university access required).
Explore writing on this question ↗1. What is Cilkray’s product line strategy? Differentiation strategy through enhancing differences such as high quality inputs, striving for innovation, pursuing constant quality improvements and customer service which target different target groups with different product lines. This creates unique value positioning tailored to specific customer needs despite the pricing customers of certain lines will choose performance and convenience. 2. How does Cilkray define the market (hint: segments)?
Behavioral and psychographic segments define the market Cilkray competes for. Factorssuch as performace seeking customers for high definitions graphics users versus occasional users. while Psychographicly values such as tech savvy users will seek innovation so it may be divided into:
Demographic - professionals that need processors that can process at a high frequency. Usage- light verses heavy users
3. What should Cilkray do with respect to product development?
If it were up to me a focus on sustainability will boost them by featuring their eco-freindlyness. Consumer feedback- figure out where they are having difficulties and make it user friendly Innovation - stay ahead of the competition constantly updating upgrading Expanding product line- add on's are easier to sell to customers already using your product
References.
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