Comparative Analysis of Marketing for Nikon

Comparative Analysis of Marketing for Nikon1. entrance1.1 BackgroundWith the remarkable improvement of massess living standard, cameras have become necessities, and owe to their affordable set, numerous own cameras. Undoubtedly, cameras provide an easy way to memorialize e really occasion. There be multiple kinds of cameras can be erect everywhere. However, different cameras argon designed for a variety of aras and specific purposes. For instance, wizard lens reflex cameras are designed for amateurs. Nikon and statute are both(prenominal) worldwide well-known camera producers, whose products are functional, well-designed, and widely used.( economy, 2010 e) (Nikon, 2010 f)Nikon with its slogan at the heart of the image, is well-known not only for its advanced technology, but for its trustable grapheme (Nikon, 2010 a). On the some(prenominal) other hand, law is a celebrated camera producer and now is a global corporation. Its purpose is to be used al 1 told over the w orld ( edict, 2010 a).1.2 Theory1.2.1 Market mixMarketing mix, which is expound as the 4Ps as well, is the combination of product, promotion, place and expenditure. Related to partitioning, the securities industrying strategies are usually used on customers in market, with an aim to pay off their need and wants, therefore generating profit (Hall D. et al, 200875).1.2.2 SegmentationMarket Segmentation is the division of customers fit in to their individualities. By market segmenting, companies focus on assured groups of consumers and use feature trade strategies (Hall D. et al, 200866).1.3 AimsThe goals of this report are to analyze how the same grade cameras Nikon D90 and ordinance 50D make up their marketing mix (product, promotion, place and price) for the products to obtain ripe sales in China. In addition, the report will illustrate the targeted segments of ordinance 50D and Nikon D90.2. Findings regarding Nikon D90 and statute 50D2.1 harvestGillespie (200729) men tions that a product can be place on three major levels namely, core, tangibility and augmentation. Fundamentally, utility and design are the to the highest degree notable factor for Single-lens reflex cameras to attract clients. A march on important issue is after-sales service which must be considered as well.2.1.1 Product of Nikon D90Nikon D90 requires a CMOS with 12.3 million effective pixels and the selling point of D90 is its recording function. Its lean is merely 622g, as its body is made of quality plastic. This design makes it witness tout and appressed, it is therefore easier to hold (Dprview, 2010 a). Furtherto a greater extent, although close companies provide after-sales service, it always takes a long time for repair. Nikon (2010 b) states that, they understand the splendor of the products to customers. Therefore, they have been taking considerable efforts to accelerate after-sales service.2.1.2 Product of Canon 50DFrom the other side, Canon 50D is also a succ essful Single-lens reflex camera. Its selling point is 15.1 million effective pixels. The weight of 50D is 822g since it is made of iron (Dprview, 2010 b). In line of battle to provide immediate and trus tworthy supports, Canon gives out the description of 50D and its instruction in the Chinese market. The guild emphasizes that After-sales service that ensures safe use of products over a long marge is vital to maintaining customers trust in the Canon brand (Canon, 2010 b).2.1.3 The Comparison of D90 and 50D products twain Nikon D90 and Canon 50D has their own selling point, as mentioned above, Nikon D90 has its advanced recording function, similarly, Canon improves 50D pixels to be 15.1 million, which is also an enhanced technology. Moreover, both companies realize the increasing importance of after-sales service and have been working to improve it to satisfy their customers.2.2 Promotions2.2.1 Promotion of Canon 50DCanon promotes 50D chiefly by exhibitions and fairs. By attendi ng multitude of exhibitions, it shows its environmentally conscious products and environmental endeavors to the normal. Taking advantage of the exhibitions, Canon attempts to illustrate lucubrate actions of Canon Environmental Vision (Canon, 2010 c).2.2.2 Promotion of Nikon D90Nikon promotes primarily in two ways. One of them is through clubs. Nikon founds many clubs with a significant number of consumers all over the world. It provides several broadband networks and a terrific computer for overlord support. Nikon is trying hard to demonstrate the environment-friendly of its products and build a strong family relationship with the public (Nikon, 2010 c). some other promotion is discount. Nikon announced that customers, who bought D90 during the period from March 1 to May 31, could receive 1200 RMB back. This is an effective way to encourage people to corrupt their products (Nikon, 2010 d).2.2.3 The comparison of Nikon D90 and Canon 50DNikon and Canon have a variety of promotio ns of their products, whereas, they are different from to each one other. However, there is no denying that, both of them do very well on promotion.2.3 Place2.3.1 Place of Nikon D90The primary distribution of Nikon D90 is sell stores. Nikon authorizes a significant number of traders, including retailers and wholesalers, providing convenience for people to purchase their products (Nikon, 2010e). Wholesalers avail in computely distributing products to retailers and customers. It is difficult to distribute well without wholesalers help, for Nikon is a considerable corporation.2.3.2 Place of Canon 50DCanon 50D is sell mainly in retail stores. It is available in a large number of Canon stores nigh the world. Another way to purchase a Canon 50D is from a direct online store. Customers can review its details and price on the website and make an order easily (Canon, 2010 d).2.3.3 The Comparison of Nikon D90 and Canon50D placesDue to convenience and efficiency, retail stores become cu stomary and common regularly. Consequently, both companies primarily focus on retail distribution. However, Canon provides online stores as well to provide reliable products.2.4 PriceThe price of Canon 50D is set around 5580 RMB in Chinese market (Zhongguangchun, 2010 a). On the other hand, the price of Nikon D90 is 6200 RMB (Zhongguangchun, 2010 b).The chart is drawn according to the questionnaire investigation on public SLR amateurs in Guangzhou 2010. It shows different price ranges that people are willing to represent for a single-lens reflex camera. The chart demonstrates that forty-eight percentages are willing to cook up for Single-lens reflex camera less than 5000 Yuan. The prices of D90 and 50D are approximately 6000 RMB that is higher than most people anticipated, merely thirty-two percentages of people are willing to stipend for a camera at this price. However, there are still many amateurs accept higher price.2.4.1 The Comparison of Nikon D90 and Canon50D pricesThe com petition of camera marketing is severe. The price of their products is always approximately the same, for both of them keep an eye on each other. However Nikon 90D is a little more expensive, it is hard to clarify that which one is better since both of them have their different selling points and strengths. Therefore, the choice between them depends on what buyers need.2.5 SegmentationsFundamentally, both Nikon D90 and Canon 50D target amateurs as their primary customers. The people who love photography but are not professionals are the most potential group. A significant feature of these users is that, they take appearance and accessories as the most considerable factors since these are seen as reflection of their identityAnother segmenting is gender. There is a contrast between Nikon D90 and Canon 50D. The goal of Nikon D90 is to satisfy female, for which its body is made of quality plastic to reduce its weight. Conversely, Canon 50D is more likely to meet males needs, for which i ts weight is not necessary to be considered.3. remainder3.1 SummaryTo sum up, marketing mix plays a significant intent in business and it associates with the market segmenting closely. To obtain a good market share, a company should have a strong and suitable marketing mix to satisfy consumers wants and needs. It has been demonstrated by the findings above, that both market segmentation and marketing mix are essential to business.From these comparisons we can draw the sideline conclusion that, there are plenty of commons between Nikon D90 and Canon 50D, such as their target customers, however, they are different in some other aspects, such as their promotion. However, both of them gain satisfying market shares.3.2 Recommendations3.2.1 For NikonAlthough Nikon D90 is sold well in Chinese marketing, the distribution of the D90 could be change to make it more perfect. As there are lots of put on products in the market of China, Nikon is strongly recommended to open an online shop t o avoid this phenomenon3.2.2 For regulationAlthough 50D has obtained good sales for Canon, it is still necessary to ameliorate the marketing mix. Because the price of 50D is slightly higher than people expected, if discount is offered, Canon 50D could be sold better in China.