Boost Juice Brand’s Marketing Techniques for International Expansion
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This report highlights the marketing techniques used by the Boost Juice Brand in both Australia and America, cultural differences between the two countries that could affect the decision making of the organisation, and applied theories.
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1 Contents Introduction...........................................................................................................................................1 Boost Juice Brand’s marketing techniques............................................................................................1 Marketing techniques that can also be utilised in America....................................................................2 Cultural difference effecting marketing decisions in both the nations...................................................2 Applied theories....................................................................................................................................3 Hofstede communication theories......................................................................................................3 Market segmentation.........................................................................................................................3 Marketing mix...................................................................................................................................4 Recommendations.................................................................................................................................4 Conclusion.............................................................................................................................................4 REFERENCES......................................................................................................................................5
2 Introduction Many companies have expanded their business in other parts of the world. In the success of the expansion process, marketing plays a very decisive role. Boost Juice is an Australian retail outlet dealing in the business of selling fruit juices and smoothies (Menzies and Orr, 2014). It is also having its franchising in other parts of the world and now it wants to expand their business in United States. This report highlights the marketing techniques used by the Boost Juice Brand in both Australia and America. Cultural difference between the two countries that could affect the decision making of the organisation has been highlighted. Boost Juice Brand’s marketing techniques Different marketing techniques are used by the brand. Some of them are as follows: Relationship marketing: They offer fresh and high quality juice in their outlets which helps in enhancing the bonds with customers. It is a technique that improves the customer loyalty. Internet marketing: Most of the people are connected with the internet mediums hence it acts as place where many details about the products and services can be shared. Transactional marketing: Retailers attracts potential customers towards their products by the help of coupons, discounts and large events. It helps in enhancing the sales and encourages target section to buy products from their outlets. Paid marketing: There are many people sources on which company promotes its products and pay those sources. Some of the most common paid advertisements are television, print media, pay per click and other internet sites. Marketing techniques that can also be utilised in America Marketing technique that would also work in America is: Transactional marketing: This marketing will be valuable in America as the people love to get discounts. A psychological attraction is created by the retailers by the help of shopping discount with the help of coupons on every purchase (Ahmed and Rafiq, 2013). Internet marketing: America being a technologically advanced nation having almost all the people connected with internet mediums provides an excellent opportunity to the firms to do their marketing using Internet mediums.
3 Relationship marketing: In the business of juices, building relationship is highly important so that people may turn out to outlets on regular basis. For this relationship marketing is highly essential and will be effective in the new market like America. Cultural difference effecting marketing decisions in both the nations In order to expand into America, Boost Juice will have to focus on the cultural difference between the two nations. Both the countries are Christian dominant society hence there is not so much difference in the culture. The cultural difference can be seen in behaviour such as eating habits (Bhabha, 2013). For example Americans are spending more time in retail outlets as compared to Australians. Australians are more cost centric while American go on the taste they serve. Americans are attracted towards the discounts and offers as compared to Australians. Americans are more patriotic and prefers the companies that are of their own nation. Americans more often goes to the services that is provided by the companieswhile Australians focuses on product quality (Protzel, 2017). All this will affect the marketing of the Boost Juices. Company will have to give an American touch to their marketing program. At the same time they will have to highlight the features of their services in their marketing campaigns.Americabeingatechnologicallyadvancednationhasmajorpartof their population attached with the technological mediums hence companies should also focus on making decisions related to digital marketing. Applied theories Hofstede communication theories In cross cultural communication, this theory has a very essential role. American market can be analysed on various dimension of Hofstede theory: Power Distance: America talks about equality and justice for all but the distribution of powerhasjustbeendonefordistributingrolesinaneffectivemanner.The hierarchism in the society is just for bringing order in the society. Communication is direct, participative and informal (Scollon, Scollon and Jones, 2011). Individualism:Individualismisgivenhigherpreferenceinthesocietywhere negotiations are done on various terms so as to ensure the success. Evidence based, self-reliant and display initiatives are given more preference.
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4 Masculinity: American Society believes on success and hence considered to be highly masculine society. They have a tendency to display and talk and hence marketing techniques needs to be aggressive (Risko and Wiwczaroski, 2014). Uncertainty avoidance: American society has acceptance for all the ideas and they are highlywillingtoincorporatenewthoughts,trysomethinginnovativeintheir marketing. Taking risk in the American market is not a bad idea and hence creative measures can be taken by the companies. Long term orientation: Americans does research on evaluating each of the information whatever comes to them. Company must ensure that while making their marketing program the information they share must be practical and true. Market segmentation On the basis of various segmentation factors American market has been segmented as follows: Types of SegmentationSegmentation CriteriaBoost juice target segment GeographicRegionInternational DensityUrban DemographicAge8-55 GenderMale and Female Life cycle stageMarried and Bachelor IncomeLower and middle class OccupationEveryprofessionand students as well BehaviouralDegree of loyaltyHardcore and Switchers Benefits SoughtCost benefit seekers PersonalityCarelessandhealth conscious User statusPotential and regular PsychographicSocial classLower and middleworking class Life styleStrugglers and mainstream.
5 Marketing mix The elements of marketing mix for America are as follows: Product: They must bring products of high quality having different taste. Place: To maintain the freshness they must open more retail stores. Price: The price must be on the lower side so as to gain advantage in the existing competition. Promotions: Focus must be given to digital marketing so as to reach to maximum possible customers quickly (Gordon, 2012). Recommendations Boost Juice must target the young customers. They must give focus to the people that are health conscious (Boost, 2018). They must bring new taste to market so that more people could be attracted towards their business. An aggressive marketing campaign will be highly beneficial for the organisation. Social media marketing can be highly fruitful in this regards. Conclusion A conclusion can be drawn from the above report that Boost Juice wants to expand in America. Use of different marketing campaigns can be beneficial. Internet, relationship and transactional marketing will be effective in America. Both the countries are culturally different and hence their marketing decisions will also be going to get effected. Company must focus on digital marketing and must target people that are health conscious and are young. REFERENCES Ahmed, P.K. and Rafiq, M., (2013)Internal marketing. Routledge.
6 Bhabha, H.K., 2013.Nation and narration. Routledge. Boost,(2018)Nutritionfacts.[Online]Availableat: https://www.boostjuice.com.au/wellbeing/. [Accessed on 30thSeptember 2018]. Gordon,R.,(2012)Re-thinkingandre-toolingthesocialmarketingmix.Australasian Marketing Journal (AMJ),20(2), pp.122-126. Menzies, J.L. and Orr, S.C., (2014) Internationalization of boost juice to Malaysia.Asian Case Research Journal,18(01), pp.175-197. Protzel, J., (2017) Intercultural Communication in South America. InGlobal Perspectives on Intercultural Communication(pp. 24-30). Routledge. Risko, T.C. and Wiwczaroski, T., (2014) From Domestic Marketing through International Marketing to Intercultural Marketing.Economic Affairs,59(3), p.439. Scollon, R., Scollon, S.W. and Jones, R.H., (2011)Intercultural communication: A discourse approach. John Wiley & Sons.