Ferrari Marketing Plan

Ferrari strategy analysis 1.
Ferrari marketing plan. It is one of the worlds leading luxury brand focused on advanced engineering sleek design. Ferrari unveils wide ranging new plans ferraris new ceo has unveiled a new business plan that revives iconic models and embeds them with formula one technology. The ferrari case is of maximum interest in marketing strategy. Ferrari a marketing analysis.
The company is closely associated with formula 1 racing team. The product strategy and mix in ferrari marketing strategy can be explained as follows. It already enjoys immense awareness throughout the world even in places it doesnt do any promotion. Let us start the ferrari marketing mix.
To understand how ferrari achieved this stunning result we must review the beginning of ferrari and its development. Founded in 1947 by enzo ferrari the italian masterpiece has been known for its world class sports car manufacturing. This was no easy feat. The first car to be built was the ferrari 125 s in 1940.
All their cars are high performance and expensive. This is the marketing strategy of ferrari. Free essays on ferrari marketing plan. Ferrari organization and corporate managment yari brugnoni imim 2014 2016 2.
The sports car brand ferrari when focused i analyzed their success and marketing strategies in different markets one the german and second italian market and worldwide. The company knows their requirements and they need to introduce some new features which can make them more acceptable for its clients. For information i used business theories such as the product life cycle marketing mix analysis of positioning and segmentation. Introduction internal analysis external analysis work philosophy and environmental attention strategic decisions supply chain competitors and customers analysis environmental analysis market analysis how long are you willing to wait for driving your ferrari.
Executive summary focusing on the sports car brand ferrari we analysed marketing strategies and their success in two different markets the italian and the german one. As the digital agency for ferrari north america we were tasked with reaching the select few actually interested in purchasing a ferrari. Ferrari mainly manufactures sports cars but they are also into road cars.