Table of Contents
Introduction 3
Product Description and Classification 3 Product Support of Mission Statement……………………………………………………………………………………………….….3
Consumer Product Classification 3
Target Market 4
Competitive Situation Analysis 4
Analysis of Competition using Porter’s Five Forces Model 4
SWOT Analysis 5
Strengths and Core Competencies 5
Weaknesses 5
Opportunities 6
Threats 6
Market Objectives 7
Product Objective 7
Price Objective 7
Place Objective 7
Promotion Objective 7
Marketing Strategies and Implementation 8
Product Strategies 8
Price Strategies 8
Place Strategies 8
Promotion Strategies 8
Explanation of Strategies………………………..……………………………………………………………………………………………….9
Implementation Plan 9
Product Tactics 9
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It features an elegant look and functionality which will enhance any home or office. The GXS Beverage Brewer brings your beverage brewing to new heights with exceptional, on demand heating meaning zero wait time to brew and accurate brew sizes based upon cup capacity which brings unmatched capability amongst competitors. The GXS Beverage Brewer adds quality and convenience to our customer’s lives by being completely portable and offering just the right amount of beverage brewed. The added benefit to the customer is that there is no longer a need to look for all ready limited electrical outlets in the kitchen. Thanks to the patented extended life lithium battery and charging station technology exclusively developed by Company G, our customers will never have to worry about plugging in a beverage brewer system again. Finally, with the accurate brew system with Brew Rite technology, you can program up to 16 ounces of hot beverage based upon your cup or mug capacity. Whatever amount you choose you know that you will be using the best beverage brewing system in the world, something that customers of Company G have come to expect.
Consumer Product Classification
The GXS Beverage Brewing System falls into the ‘shopping’ category of the three-way consumer classification system. We feel that this product would be purchased much less than a convenience item and consumers will spend some time researching and comparing this item to existing
This group will most likely be living alone in an apartment or single family home in the low income section of town that is situated close to strip mall type of shopping center, which may or may not have a major anchor store.
Strives to be the leader in micro brewing while maintaining the core values it started with and had employee buy in even before it went” 100 % employee owned in2013” (Gorski, 2013).
Additionally it should be considered with a sub-classification of unsought products. The XG Wi-Fi Gateway extends the functionality and security of modern router, thus the separate, pre-purchase of a router is required. Consumers have ample information available to make decisions regarding purchase decisions for routers; however, they have limited knowledge of the XG Wi-Fi Gateway peripheral or add-on. Consumers will require education and persuasion during the buying process. This is seen as a unique product, currently, there are no other devices or substitutes that offer the functionality of the XG Wi-Fi Gateway.
The brewing industry can be characterized by Porter’s Five Forces framework. New entries to brewing have a relative ease in creating home micro-breweries, which is aided by
Company G is a major player in the electronics market. We have an excellent reputation for being a ground-breaking company that provides high-quality, highly reliable products that are reasonably priced. Our consumers take pride in the items that they purchase with the Company G name on them. Our small appliance line fits well into our electronics family and will be just as pleasing to our customers as our other products. The G100 Iron/Garment Steamer introduced in this marketing plan will offers unique features that that will appeal to customers and potential customers as well.
Target Corporation is an upscale retailer that provides high-quality, on-trend merchandise at attractive prices in clean, spacious and guest-friendly stores. Having worked for target in the past, I have found this company to always keep their guests and team members in their top priority. In 2015, Target Corporation set goals for the future CSR which are making fitness and wellness a way of life for guest and team members and communities, pursuing sustainability for products and business operations, promote a more inclusive society and engaging with their communities. Every year Target makes a set of goals to be achieved and in 2015 according to their CSR Report, 20 goals we set and 10 out of the 20 were achieved.
Hence, even without the two cup system that would have introduced a physical fence, the “products” offered to the two markets are not equivalent. Therefore, we do not believe that the new Keurig-Cup is a necessary fence to price discriminate between commercial and residential markets.
are waiting for the brewer for the home market. It is also convenient at targeting Keurig-aware
GMCR invests significant resources and capital in engineering and research and development in order to keep Keurig's position as the leader in the single-cup brewing market. As a result, they have a strong and growing portfolio of market-leading, proprietary technology. Keurig’s integrated engineering team drives fast and original product development in brewers, portion packs, and high-speed packaging lines; all three areas that supported Keurig’s single-cup system. The engineering team at Keurig includes mechanical, software, and nutritional science, as well as quality assurance and industrial engineering. The company’s emphasis on quality products, easy-to-use features, and innovative technologies has earned Keurig high marks in customer satisfaction.
Today in the world of modernism, it is extremely common for individuals to require an extra boost in order to be able to stay energized throughout their work or school day. Some people consume energy drinks, and others require a cup of coffee every morning. For most people, they simply do not have the time to drink a cup of coffee out of a mug at home where they can't take it along with them. That is why it is essential for the public to have a portable coffee mug. For the marketing assignment, the product category that will be highlighted in this paper is a cup, more specifically, a traveling coffee mug, why this product was chosen, the history of cups and traveling coffee mugs, and three famous traveling coffee mug companies and why they
A recent primary research survey has found that 70% of occasional coffee drinkers view the Mr. Coffee brand as an inferior or budget coffee brewing device that does not make a superior cup of coffee (Appendix, Opinion survey). Brands such as Keurig, Cuisinart, and DeLonghi inspire more thoughts of quality coffee than Mr. Coffee. Other consumers are opting to spend several dollars per cup of coffee at coffee houses such as Starbucks, Caribou Coffee, Dunkin Donuts, and even McDonalds (Appendix, Opinion survey).
The proposals that we are going to depose are a planning of continuous action in order to confront the challenges, which BT confronts. The most important factor is considered to be the fact that the marketing environment changed rapidly after the deregulation of the telephone industry. Up to then BT was operating as a monopoly, ignoring the competition and ways to face it.
To attract mixed segment ther is need to marketing planning is indeed the key to the whole marketing process. The marketing objectives state just where the company intends to be; at some specific time in the future. James Quinn succinctly defined objectives in general as: "Goals state 'what ' is to be achieved and 'when ' results are to be accomplished, but they do not state 'how ' the results are to be achieved.
the marketing activities. If they exceed the allocated budget, it could lead to conflict with the Finance team and will be detrimental to the company’s overall profits and will be against the company’s strategy to generate more profits. Many companies follow a very high level of corporate ethics and responsibility and hence marketing strategy should also be in line with this strategy. If the company advertises a wrong good or in a wrong manner, it can lead to reputation loss. The marketing mix has to be therefore very carefully chosen so that it does not contradict the overall corporate strategy.
Beer Company 2 is a brewer of “seasonal and year-round beers with smaller production volume and higher prices” that “outsources most of its brewing activity” (pg. 120). It is financially conservative, and has undergone a “major cost-savings initiative to counterbalance the recent surge in packaging and freight costs” (pg. 120).