1. Recommend new products for Al Ain Diary based on competitive analysis, consumer insights and emerging trends. Managing competition intended to ensure the most favorable position to gain or keep a competitive advantage. Its need to assess the potential competitors, evaluate their actions and the degree of competitive threat, to predict the actions of competitors. Competitive analysis is a prerequisite for success in the market. Competitive analysis - assessment and prediction capabilities and competitive actions rent on the basis of the study collected information and expert opinions. As we can see from the table in the case study, the competitors company’s assortment is wider than Al Ain Dairy assortment is. The idea of Al …show more content…
- What is the final impression The target audience is mostly mothers from 20-40s, young children, teenagers and young adults. So Al Ain Dairy can expand their target audience and include the men from 20-40s. They need to add healthy drinks to do this.Al Ain Dairy can offer audience a selection of dairy products, including flavored milk, as well as starting the production of ice cream. All their products are made from natural ingredients. The content of chemical elements is minimal. Guarantee may be that the Al Ain Dairy has long been on the market. Their name is known throughout the country. This is a huge company which gained the trust of consumers. This all speaks for itself There are only two of the most common strategies for the brand development - standardization and globalization. If you select the standardization, the brand will be managed in line with market standards, fully adjusting to them. In this case, corporate identity brings nothing new, except that the improved product, but does not go beyond the standards. If the development of the brand is on the path of globalization, it means that the development of corporate identity aims to be a leader and tried to oust their products all the competition, creating a monopoly. For a company such as Al Ain Dairy the only way is globalization. They need to become the most popular brand of dairy products in UAE and try to enter the
When examining competitive advantage, it is also important to consider the market and take into account the existing competition against larger firms.
Managers generally consider the rivalry among competitors as a major source for deriving strategy. As explained by the Michael Porter it is a narrow view of competition. A set of other parameters should be evaluated, mentioned in article as five competitive forces, along with industry
Competitive analysis main objective is to research, analyze, and compare the competition in relation to the company. Analytical tools used for competitive analysis include the five forces framework, value net, driving forces, strategic groups, competitor analysis, and key success factors are analytical tools. The competitive analysis will enable the trucking company to understand more about the industry and the competition, to be able to develop a competitive strategy that will give the company a competitive advantage by taking into account the actions and responses of the competitions (Thompson, Peteraf, Gamble & Strickland, 2016).
Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market.
Although there is a high potential for A.1 to lose its market share to competitors, their product is distinct in its flavour, name and packaging. A.1’s market tests
An understanding of a competitor’s position can be a key for a business to determine where funding and resources should be allotted to create new products or services.
kosher dairy products must come from a kosher animal. For example, donkeys are not considered kosher, therefore donkey milk is non kosher. Dairy products also may not contain non-kosher additives, and they may not include meat products or derivatives (for example, many types of cheese are manufactured with animal fats). Also, a number of pre-processed foods contain small portions of milk products, such as whey. According to food product regulations, such tiny additives do not have to be declared on the packaging but the product may be considered non-kosher.
Competition being one of the major issues that often must be addressed in the business world, it is important for a firm to learn on ways to reduce the impact of the competition. Competition is definitely an important factor in helping a business
To remain competitive a company must consider who their biggest competitors are while considering its own size and position in the industry. The company should develop a strategic advantage over their competitors’
In general, manager’s look at competition has been too narrow. There is a broad set of competitors that need to be looked at, which are described in “The Five Competitive Forces That Shape Strategy” by Michael E. Porter. The model explains that there are several other forces in the competition for profits that the strategist should be aware of when forming a stagey. Those forces determine the profitability of the industry and are the most important to look at when you are forming a strategy. These five forces are are the “industry structure” model which contain: New Entrants, Suppliers, Buyers, Substitutes, and Existing Competitors.
Basically, branding is a philosophical expression of the human condition. It is about belonging/attachment. Belonging to a tribe, to a religion, to a family and to a product. The Branding establishes a sense of attachment. It has this function for both the people who are part of the same group and also for the people who don’t belong. The origins of branding are basically related to the nature of the human condition. A tribe is a brand—religion is a brand. When it shows itself in a modern, fashionable form, you are expected statingbranding that began in the 19th century. It was basically affiliation with fast-moving consumer goods. But that is a distortion of what branding is. That type of branding is a manifestation of differentiation. It’s a differentiation of onefast-moving consumer product from another. Brands are a direct consequence of the strategy of market segmentation and differentiation.
From the professional perspective, to build corporate brand building is to build CI (Corporate Identity) including mind identity, behavior identity and visual identity.
Dairy mother has a market share of about 33% in the branded sector in West Bengal where she sells 3.4 lakhs litre of milk per day on average and undertakes its marketing operations with about 51 distributors and 600 retailers Kolkata itself. It has a huge advantage over its competitors because it is the only player when it comes to the sale of milk in bulk token. Before the entry of competitors like Amul, selling bulk milk from their mothers milk booths was about 35% of total sales in the branded segment, where Mother Dairy was the only player on the market. However, for five years, sales are declining steadily, and now it is just 8-9%.
Competitive analysis is an important part of your business plan, there are a lot of different alternatives in the market, costumers usually look for different sets of values to focus on, benefit levels and what does the item include when they are choosing where to buy the product from. Even though costumers usually choose similar products to those alternatives, and that’s where competition is created.
Here students are recommended to download a map of the UAE and neighboring GCC areas and consider logistics options keeping in mind restrictions like expiry dates