How to Execute a 15-Word Strategy (Positioning) Statement by Alessandro Di Fiore | 8:00 AM April 29‚ 2014 There is no shortage of stories and anecdotes to illustrate how the best strategies can nearly always be reduced down to a brief but powerful statement and even more ink has been spilled describing the dangers of strategy statements that read like detailed action plans. But how do you go about actually crafting — and using — a 15-word strategy statement? My approach is based on narrative
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with similar target market and segmentation Panda Magic Golf Bravo Indirect Sets of Competition All other ice creams brands can be seen as indirect competitor of Magnum Even Algida’s Cornetto can be indirect competitor Positioning Map Perceived Quality x Magnum x Cornetto x Bravo x Panda Perceived Price Free Associations Research 14 Females and 16 males Aged between 23 - 40 years are asked «What comes to their mind when they think of “Magnum”
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Central Theme: In Positioning: The Battle for your Mind‚ the authors Al Ries and Jack Trout develop on the idea of communication. In marketing‚ communication is the key factor to advertise the product or brand to the consumer base‚ and the effectiveness of that communication will determined whether or not the message has been heard by the prospective consumers. The authors approach idea of communication with the goal of establishing the image or identity of a product so that consumers perceive it
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Market Segmentation The market for Luxury watches consists of buyers‚ and Buyers differ according to their wants‚ resources‚ locations‚ buying attitudes‚ and buying practices. Because these buyers have unique needs and wants‚ each buyer is potentially a separate market. Therefore it is extremely essential for a marketer to analyze the segment in which it needs to compete. A seller might design a separate marketing program for each buyer. The luxury watches market can also be segmented in a similar
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Redbull Energy Drink - Presentation Transcript 1. It Gives You Wiings 2. Contents * Executive Summary * SWOT Analysis * Promotion Opportunity Analysis * Corporate Strategies * Integrated Marketing Communications Management * Media Plan * Evaluation & Control 3. Executive Summary * Red Bull can be called as a pioneer in the energy drink category worldwide. In India too‚ Red Bull was the brand that created
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convenience‚ store image 4.Promotions: creativity‚ use of media‚ execution 5.People: Customer Service 6.Processes: Service Delivery Systems Basic Competitive Strategies: More than two decades ago‚ Michael Porter suggested four basic competitive positioning strategies that companies can follow—three winning strategies and one losing one. The winning strategies are: 1- Overall cost leadership: The company works hard to achieve the lowest production and distribution costs. 2- Differentiation: The
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_(Textbook) Peter‚ J. Paul and Donnelly Jr.‚ James H. Marketing Management‚ 10th Edition - KNOWLEDGE AND SKILLS. McGraw-Hill International Edition. (2011)_ _Quelch‚ John A. and Beckham‚ Heather. Brief Cases (Harvard Business Publishing). Metabical: Positioning & Communications Strategy for a New Weight-Loss Drug. (July 22‚ 1010)_ _(Internet source) Planning Tools: How to write a communication strategy. Manual/Toolkit‚ 2005._ _http://www.odi.org.uk/resources/details.asp?id=5186&title=communications-strategy-planning_
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established at a beautiful site Krishnapura‚ Dhamrai of Dhaka. It has come with the best food & beverage in Bangladesh. There are various types of drink.Mojo is the brand name of cola‚ Lemu is the brand name of Lemon and Speed is the brand name of energy drink. Immediately after the introduction of the brand it became very popular among itsconsumer because of the high quality and intensive distribution in every nook and corner of thecountry. Checky Monkey is the brand name of banana chips produced from this
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the Industry Strength: Product Expansion – many new products have been developed Distribution Channels – Can use convenience stores‚ grocery stores Able to deliver with carbonated soft drinks Weakness: Price is high compared to soft drinks Unhealthy ingredients Caffeine is not regulated – like in soft drink industry Opportunity: Consumer demand Supplier Channels – ingredients‚ cans‚ labels Product Innovation – provides differentiation Brand Loyalty – taste‚ image‚ energy boosting Brand
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Steps in Segmentation‚ Targeting‚ and Positioning By applying market segmentation‚ targeting‚ and positioning (STP) model into Red Bull Company‚ we can differentiate what Red Bull need to do to recover from dropping in sales (Kotler‚ 2009‚ p.217). First of we need to find out what is the problem‚ second how to tackle that problem‚ and take action. STP is a way to solve the problem facing Red Bull. We would like to produce two new products which are (1) drink of the night and (2) healthy bull.
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