Dewar’s leader in U.S. Scotch whisky industry
1. Situational Analysis
1.1 SWOT Analysis
Strengths
- Dewar’s leader in U.S. Scotch whisky industry, with a market share of 15%.
- Past success with the advertising campaigns in maintaining a positive image for Dewar’s among Scotch drinkers.
- Strong research and development.
- Backup from United Distillers, which is an International leader in the Scotch whisky and Gin markets, and one of the most profitable spirit’s Company in the world.
- Dewar’s is positioned as a premium and prestigious blend of Scotch whisky.
- Schieffelin & Somerst, distributor of Dewar’s within U.S, is the product of a Joint Venture with Moet Hmessy Louis Vuitton, allowing
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Some important trends in consumers’ preferences can be distinguished as a way to minimize the down slope of the declining cycle of the
Scotch whisky. Such trends are the perception of mixed drinks as more enjoyable and fun than the dark spirits, the increasing attractiveness of white spirits to young adults, more social flexible environment.
1.3 Company Analysis
Objectives
Relucting new customer was vital for the long term planning.
Strategies
Market penetration strategy. To attract young adults who were occasional, light and new Scotch whisky drinkers.
Market segmentation
Two types of customers segmented by age, that is, young-adults and mature adults.
The young-adults segment is integrated by 24-35 years old males, beyond college, with drinking habits, open to try new things, making choices making choices, and willing to embrace changes with confidence and strength of character. Specifically, we are talking about men who go to bars with regularity, who are involved in sports, and who frequently attend to the movies and theatres.
The mature adults segment includes 35 or older males. They represented
30% of the consumer base, but accounted 73% of the category volume sales. Marketing Mix
Promotion
This is a key part of the strategy. There will be joint activities in order to refresh Dewar’s image, with a consistent model.
Truths campaign. A series of print
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I’m an undergraduate student majoring in economy prepared the marketing plan for the purpose of learning and experience.