Cruiserthor Perceptual Maps Using Perceptual Maps in Essay

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Cruiserthor

Perceptual maps

Using perceptual maps in marketing: CruiserThor

This paper will review the market situation of CruiserThor Motorcycles and examine how the introduction of a new low-cost motorcycle to its product offerings was able to change the company's brand image. CruiserThor had a market image and price tag commensurate with Harley Davidson or other large, expensive, high-power bikes. Unfortunately, consumer desires are changing and these vehicles are no longer in high demand. At the beginning of the simulation, CruiserThor had to find a way to change with the times, or be left behind its competitors.

Situation

During the first phase of the simulation, CruiserThor Motorcycles controlled 40% of the market of heavy duty motorcycles. The market environment was an oligopoly, which meant that it was dominated by a few, select companies. It was particularly well-known in the heavyweight motorcycle category. CruiserThor's dominance of the market had been carefully crafted over many years under the management of its current CEO Benjamin Bao. It had been researching the creation of more 'green' motorcycles for the past seven years.

However, CruiserThor could no longer 'cruise' upon its past successes. Its most loyal customers in the 35-50-year-old demographic were aging out of the motorcycle market and no longer identified with the racy image projected by the company. Younger consumers, in the 21 to 35-year-old demographic wanted lower-cost, lighter bikes and also did not identify with the hardcore, heavy bike image the company had associated itself with for many years.

Recommended solutions

Using a perceptual map can be helpful because it enables a company to ascertain what the target consumer demographics think about the brand. This knowledge can empower the company to change those associations.

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Initially, it would seem for the motorcycle company, focusing upon price, lifestyle image, product styling and 'cool' would essential. Younger consumers who could become loyal, lifetime patrons and who could help change the brand image of CruiserThor currently could not afford many of its classic heavyweight bikes. The product styling selected in the future had to lower the cost of the bikes and also project a 'cooler' image. But while these attributes are important, quality engineering and service are equally important. Unlike a cake of soap, people use motorcycles for a purpose -- driving -- and it is essential that customers feel that the company's product attributes supports that purpose.

Results

As well as lowering its prices and creating a new image for its company, CruiserThor must be consistent with its past branding upon quality, and offer additional value through service and higher-quality engineering.

Second phase: Revving upon the market

Situation

Despite changes in its marketing, sales had not improved. The company was considering marketing a new bike to the coveted younger demographic. The marketing manager was worried about compromising the company's carefully cultivated image, but the chief engineer recommended the move, noting that the less expensive bike would be more fuel-efficient. This image of green technology could also help the company win the hearts of younger consumers.

Recommended solutions

Given these factors, it was suggested that CruiserThor launch a new motorcycle aimed at the younger demographic called RRoth. The motorcycle would be lighter, cheaper, more fuel efficient and better for the environment. The bike should be priced relatively low (13,000-15,000) and through offering financing; promoting the bike through Hollywood….....

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