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G-EXTREME (CASIO)
-Summary
We put ourselves in G-Shock (watch maker) and created a luxury brand line that is called G-EXTREME. This brand is for the higher profit on sales and market share. First, I¡¯ll briefly introduce our product. G-EXTREME is the luxurious sport watch, and it is not only for the people who enjoy general sports but also for the people who enjoy extreme sports. We added a lot of functions that is more practical and more elegant on the existing functions of G-Shock. The functions we added are the luxurious design, health control device, durable and flexible materials, water proof, depth meter, checking heart rate, atmospheric pressure measurement, digital thermometer, and GPS. In addition, we set a price of G-EXTREME about 600 to 700 dollars so we made our products more expensive and luxurious than the existing G-Shock products (100 to 200 dollars).
Then, we thought about target markets. Our product is aimed at the people who enjoy the extreme spo¡¦(»ý·«)
is occupying 5% of the market share in first year. And we¡¯ll try to increase market share with continuing R&D investment and design improvement.
At last, we decided our action plans. First, as promotion plans, we will sponsor some celebrated sports stars. Second, we will design some products as Limited Edition. This product line would be somewhat expensive but they are specialized in their exterior design and durability. It is considered that wealthy customers would be interested in the limited collection. Third, advertising through the magazines related extreme sports or fashion, for example, Rock&Ice, LUXURY and so on. Finally, the most important thing is we will make an Internet community about G-EXTREME and then activate it. Through this plan we can get many loyal customers to our product. Next, let¡¯s go on to the distribution plans. As our products are luxurious goods, G-EXTREME will be sold in the department stores and some huge G-EXTREME stores at the hot shopping spots like