Marketing Communication Plan for Ben and Jerry's Ice Cream
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This report discusses the stages included in a marketing communication plan for Ben and Jerry's ice cream, including purpose and mission, STP analysis, marketing communication mix, branding elements, performance indicators, media mix strategy, and more.
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BMM5562 Individual Marketing Communications
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................1 Stagesincludedinmarketingcommunication plan.........................................................................1 Purpose and Mission........................................................................................................................2 STP analysis.....................................................................................................................................3 Choosing the Targeted Marketplace................................................................................................3 Choosing the distinctive marketing proposition..............................................................................3 MarketingCommunicationMix......................................................................................................3 BrandingElements...........................................................................................................................4 Performance Indicators....................................................................................................................4 Media Mix Strategy.........................................................................................................................4 Carrying out the Marketing Communications Strategy...................................................................5 Plan for Campaign Management.....................................................................................................6 SWOT evaluation............................................................................................................................6 BrandAudit.....................................................................................................................................6 Self reflection...................................................................................................................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION This report is a team presentation and thus all of the individuals have done great effort to so that the project can be done as per the requirements. The initial stage in gaining additional clients for a business or company is creating a marketing approach(Akella, 2020). Select the marketing goals, perform out a marketing audit, gather industry data, and afterwards assess the outcomes. Additionally, you must choose the targeted demographic, estimate the financial resources, develop particular marketing plans, and afterwards assess such plans. The marketing mix, sometimes known as the 4Ps, is a crucial component of any effective marketing strategy. This covers all, from the service or good to the cost to the location to the advertising. To be more specific, the marketing mix is a collection of tools or strategies employed to advertise and offer products and activities. It involves positioning an item and choosing where, when, and for what price it will be sold. After then, the goods would be marketed in accordance with the marketing and advertising plan. Product, Price, Place, and Promotion are the 4Ps that make up the marketing mix(Draelos, 2010). The marketing executives in the corporate industry develop a marketing approach while considering into account the four Ps. Yet, the marketing mix today incorporates a number of additional Ps for critical growth. In this reportthe 4 P's of the marketing mix areconsidered forthe company that isBen and Jerry's ice cream. The ice cream company has so far focused on a specific consumer that are prepared to spend a higher cost for the item. Yet, the marketing has largely succeeded at this time. All 4 components of a genuinely effective marketing strategy come altogether to produce the appropriate item at the appropriate cost, which is also well-communicated and accessible in a location which benefits the client. Stagesincludedinmarketingcommunication plan Targetedconsumerselection,scenarioevaluation,identificationofmarketing communications objectives, budgetary calculation, and other stages are among them. This level covers ideas, tactics, assessment, and monitoring. Since it's crucial to gather information from all of the firm's divisions, including advertising, management, and sales, marketing is about communications. The next step is to determine the materials thatare needed and what obstacles must be addressed in anattempt to achieve the goals and thus the firm that is Ben and Jerry's ice cream also does the same(Gummesson and Grönroos, 2012). Data must be shared in order for everybody to understand what another individual is doing and to effectively collaborate with one
another. Whenever a firm's departments' aims are in line, it is simple for them to cooperate, but when one unit works poorly or has competing objectives with another, needless strife occurs as aresults(Anjaningrum, 2020). The function of service communications is to havedecent interaction skills; it would be very simple to sell the ice creamto prospective clients. Sometimes if they already have somebody conducting it for companions, they may decide to change to the company'scorner varies based on the interaction influence. Effective communication could also render a client a lifelong buyer. Occasionally, numerous individuals would then claim that their provider is superior to that of somebody else they have previously used. The concern is, how well do individuals communicate with prospective clients as it is very crucial in the long run for Ben and Jerry's ice cream. Certainclients inquire about prospective requirements, whereas others inquire about current necessities. Numerous delivery providers invariably reply back harshly to prospective clients when they realise they are inquiring about prospective necessitiesthat also ultimately results in a reduced buyer participation rate. Six straightforward stages could be used to implement a communicating plan. Consider what makes the companystand out from the mass. Consider what distinguishes the firmfrom the competition. Invent a tagline. Determine the target audience. Pick the most effective communications channel. Establish objectives and track your performance towards these. Implement the plan Purpose and Mission The purpose of the company is to be able to make the best ice cream in the finest manner is the goal. The three-part objective and missionof Ben and Jerry's ice creamis to foster interconnected success for all parties involved in the company(Baker and Saren, 2016). Economical, societal, and consumer issues are as follows: Outstanding products and activities to carter the needs and requirements of everybody Strengthening societies by giving them superior quality products
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The company that is Ben & Jerry's Institute awards non-profit groups striving to alleviate the economical and societal implications of the climate competing awards of up to $20,000 every year in terms of charity to the society. STP analysis Ben & Jerry's ice cream business employs psychological segmentation in addition to statistical segmentation. Targeting as itstates that the objective is to develop a defined marketing strategy approach to promote it in order to increase donations to the charitable programme. Positioning as toassist kids with disabilities and tonon governmental organisations thatare active both locally and globally(Bilos and Galic, 2016). Digital networking (Face book, YouTube, Snap chat), print advertisements, smart phone platforms, cell phone applications, in-store environments, shareholder newsletters, and seminars are examples of marketing touch points that are used by the company. Choosing the Targeted Marketplace To create an effective communicating plan, company must understand who they are trying to engage and the most effective means of doing so. Create a customer profile based on the characteristics, goals, and problems of business prospective customers(Hsu, Hsu and Yeh, 2010). Choosing the distinctive marketing proposition Marketing use the unique selling proposition (USP) to convince prospective consumers that their business or item is better than those of its rivals. A firm's USP could be determined by a range of elements, like item attributes, cost, delivery methods, and promotional strategies. MarketingCommunicationMix It's a collection of resources which could be utilised to market goods or activities to a certain clientele. The phrase itself provides an indication: the term "communication" alludes to a variety of important concepts and factors which are involved in the process of selling these goods and offerings(Bozer, Levin and Santora, 2017). Those various communications channels are together referred to as the marketing communication mix and thus they are as follows: Marketing and Public Relations
Direct Selling Online Referral Marketing Compelling Marketing Word-of-mouth promotion Marketing on the side Advertisement BrandingElements Used to convey, reflect, and differentiate/identify the business that is of the ice cream. Marketing initiatives which constantly use branding components help the public understand the firm's individuality. This contains the brand's logo, motto, appealing phrase, and tune, among other things(Brady, 2019). Performance Indicators The Performance Structure is a paradigm for examining achievement objectives, associated quantifiable markers, and their relative importance in relation to the evaluation and ranking of the structure that is of the company. Examples of this include word-of-mouth advertising, client engagement,andworkerhappiness(LancasterandMassingham,2010).Ifthecorporate processes are running efficiently, there seems to be a high likelihood that the business would be capable to expand sans having to make big changes or perhaps going out of business of ice cream and thus some aspects are given below: The stage at which a company stops wasting funds. Prospective, recurring, and recommendation clients. Profit/Net Revenue Correlation Prospective and converting prospects. Elevated concentrations of worker satisfaction Media Mix Strategy TheRACEstructure,whichBen&Jerry'sicecreamuses,dividesthemarketing communications planning procedure into five parts as follows: Make branded marketing plans Searching results, newspapers, digital networking sites, and blogging all fall under the term "presence"
Action that features a corporate webpage, blogging, a public forum, and online elements Conversionthat typically includes e-commerce, item, pricing, and marketing Participatethat would be a direct, ongoing dialogue with clients(Martin, Campbell and Harmsen, 2014). Carrying out the Marketing Communications Strategy In marketing, communicating is thekey for Ben and Jerry's ice cream as it can help it to grow revenues many folds ashaving the choice to interact with a group of individuals, a product, and help them make an apparent decision so they buy. The problem is that a lot of individuals just think about the tools or the methods used in marketing. They create materials to appeal to a crowd, and so forth. However, the chances are very great that it won't always get in front of that audience and conduct itself if they had never promotedit. It isn't sufficient to just have the material; one also have to get it in front of people using every method they could. The 5 components that make up the communication mix are as follows: Promotion of sales, public relations, marketing, and personal selling(Briones, 2019). We could infer from the term "communication mix" that this element is a combination of several objectives, including public relations, personal selling, advertising, business development, and item improvement. This abundance of components suggests that there are few key components in the communication mix. The information mentioned above is crucial for marketing. These would be the 3 various ways that companycould promote their products and see an increase in sales. Commercial as itis a compensated tagging method. A person's opinion of a company is affected whenever they saw an advertisement for a certain product. It aids in producing a graphic impact. Public Relations is a non commercial channelthat favours the text-based framework above advertisements. Ben and Jerry's ice cream can now circulate a media or information article in the evaluation or media frameworks. Offers and Advertising as itis a remarkable media that is scheduled with events wherein the firmcan showcase and promote their product. A marketing push is created by combining those. Plan for Campaign Management The following is a description of budgeting process with respect to Ben andJerry's ice cream is as follows: Stock- $6000 - $14,000
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Royalties- Approx. 3% of gross sales Advertisement- Approx. 4% of gross sales Additional funds- Approx. $50,000 - $75,000 SWOT evaluation The acronym SWOT, which stands for Strengths, Weaknesses, Opportunities, and Threats, is widely used in the corporate sector by both people and organisations. SWOT assessment is a useful tool for evaluating those 4 key components of an organisation. A SWOT study could be used to determine a company's position in the marketplace and the actions that must be taken to support prospective planning, assisting in decisions that support a company's preliminary layout (Nguyen and Simkin, 2012). Finally, SWOT assessment is a crucial tool for assessing the health of an organization. It gives decision-makers the ability to choose not only where a company is but also where it wants to generate. This enables companies to compete effectively whilst also being a responsible firmin the industry and Ben and Jerry's ice cream also does the same as it is very competitive and it is its strength, while it’s operating is not as good as other firms pose as its weakness. While it can grab the online selling opportunities while it has a treat from other lower alternative firms that a customer can switch. BrandAudit A brand evaluation compares a company's present position in the industry to its competitors as a study of its sustainability. In essence, it aids one in assessing the company's potential, including its possibilitiesand weaknesses for a fresh development and growth. A brand assessment is done to evaluate how well a business is doing in the perspective of the public. It provides Ben and Jerry's ice creamwith a number of benefits, such as helping itchoose the best course of action by assessing the firm's status and value(Canham and Maier, 2020). It also encourages one to look at the strengths and weaknesses as it isbelievedthat in the current business, the prospect of a product evaluation is easily misconstrued. Analyzing your company's assets and associated customer contact points may sound reasonable on the superficial, but it isarguedthat an unified and actively involved organisation should have tools ready to provide accurate assessments on such objectives right away. Such answers must to be consistently available to groupings or single participants. Events alter very quickly, therefore if a company like Ben and Jerry's ice creamwants to be a leader in their category and also possibly in growth
or extended categories, they must actually keep their sights on the future. In order to attract new customers, it is usual for businesses or marketing agencies to provide product evaluations to potential customers. Self reflection It can be said from the above report that there are lot of things that helped us all as a team while assessing all the factors of Ben and Jerry’s ice cream and hence all the members of the team put a series effort to foresee that all the things are evaluated in an appropriate manner and thus can help in making a report that can add value in the long term. from this report we learnt a lot and it also opened the doors of various skills that has been learnt and thus can prove very crucial as well as critical in the current as well as the future market scenario. CONCLUSION Essentially, the marketing promotional strategy is a crucial and essential aspect of the corporation' like Ben and Jerry's ice creamdevelopment; as a result, it requires sufficient focus and support. It describes the firm's total revenue. It contains a number of elements, such as the communication mix, brand audit, and intended audience. It assists the business in effectively communicating the proper information to clients. A corporation can accomplish its longer runaims and outcomes with the use of a marketing communications strategy. It includes a variety of tactics the business would use to offer its offering or item to its intended market. It is evident that a business like Ben and Jerry's ice creamwould tend to expand over period if it has a strong marketing and communication strategy. The business employs a variety of methods for this.
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