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Allround Situational Analysis Essay

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AllStar Brands Situation Analysis: 5C’s and SWOT
In order to create a successful marketing plan, a situational analysis must be conducted on AllStar Brands Medicine Group. This situational analysis will be an internal and external analysis and will include the 5Cs, known as Context, Competitors, Customers, Collaborators, and Company. To begin the situational analysis, it is critical to ask, "Where are we now?" The situational analysis will allow for our company to understand the current situation further and make better informed decisions for the future when discussing our marketing strategy. After the marketing strategy has been discussed, the marketing mix will be a direct result of those marketing strategies created.
Our company must …show more content…

Allround is sold through both direct and indirect channels, the venue of direct to the retailer allows for more control over the product placement in the modes of independent drug stores, but for larger stores such as grocery stores, mass merchandisers, and chain drug stores the study found that they focus concerns on product turnover and given allowances for the product.
The Company currently only has one brand on the market, Allround. A resource the company currently has would be within the Research and Development department there are two reformulations available to replace the current Allround product formulation. This would allow the company to utilize the brand awareness and image as an effective OTC medication and reach a different customer market with the re-developed product. AllStar Brands would be able to reach consumers that are concerned with the side effects or to reach those with alternative needs than what we are currently meeting with our product containing the cough suppressant addition.
Context evaluates for limitations that would be due to the factors such as Political, Economic, Social, and Technological issues, this is also known as a PEST analysis. This is a scan of the environment in those specific areas and the impact it will have on the company. Political issues are shown when the governmental regulations on the amount of medication within a certain period of time restrict the

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