Kraft Heinz BADM 3401 Case

.docx

School

George Washington University *

*We aren’t endorsed by this school

Course

3401

Subject

Marketing

Date

Jan 9, 2024

Type

docx

Pages

1

Uploaded by BrigadierNarwhalPerson803

Report
Team #8: Minh Doan, Sarah Hajeer, Riti Mehra, Natalia Parientes, Olivia Zachry BADM 3401- Section 10 Kraft Heinz has been a very recognizable brand since its founding and continues to be a go-to for many consumers, but could benefit from modernization and new approaches to tackle its stagnancy. Brand images can be difficult to change, especially with Kraft Heinz’s long history and established image, since branding causes associations to be made in consumers’ minds. The companies may want to pivot away from these traditional products as consumer preferences and tastes evolve and rebrand themselves to appeal to a younger audience. An effective rebranding campaign can change consumer perceptions and align the company's image with current trends. The process can take time, resources, and money, but if done correctly, it can result in increased brand loyalty, improved sales, and a stronger reputation for the brand. Another way Kraft Heinz could reach newer markets and ensure growth rather than stagnancy would be to emphasize sustainable sourcing and organic products as a product and value for them. In today’s market, sustainability - or even the consumer perception of it - sells, and Kraft Heinz has historically been unable to tap into “healthy” food markets because of corporate image issues. By increasing transparency in production and informing consumers of how the company sustainability sources and creates products, they may be able to tap into that rapidly growing market. Since they have had issues in the past with image surrounding health, it may be beneficial to start this initiative as its own line to break from past assumptions. Since food items and condiments tend to fall into a household items category, the marketing should target a wide range of consumers since everyone will end up using these products - from their brand or not- in one way or another.. Because of the wide target audience, Kraft Heinz may benefit from the use of influencers on social media using food blogs, cookbooks, recipe sites, and other online sites for product promotion. Partnerships and ambassadorships, potentially with college students, could help make their products more accessible and appeal more broadly to younger consumers. In this same vein, online advertising could generate excitement around new products and create newer visibility for the brand. This could look like Instagram pop-ups, YouTube ads, or a wide range of online engagement.
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help