In this report, the aim of the discussion will be to position product named BEGA cheese and segment the market for the product. A SOT analysis will be provided to assess the internal and external factors of the environment as well as the process should be monitored and evaluated.
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Running head: BRAND MAMAGEMENT BRAND MAMAGEMENT Name of the Student Name of the University Author Note
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1BRAND MANAGEMENT Executive Summary In this report, the aim of the discussion will be to position product named BEGA cheese the and segment the market for the product. A SOT analysis will be provided to assess the internal and external factors of the environment as well as the process should be monitored and evaluated.
3BRAND MANAGEMENT Introduction In this report, the aim of the discussion will be to position product named BEGA cheese the and segment the market for the product. A SOT analysis will be provided to assess the internal and external factors of the environment as well as the process should be monitored and evaluated. SWOT Analysis Bega Cheese is a dairy organization from Australia, from the town of Bega, New South Wales. The internal and external strategic factors of the business factors of the organization are (MATIUTI, BOGDAN & MATIUTI, 2014): Strengths Product innovation – The company possess a successful track record of developing new products according to the needs and wants of the customers. 1. Good Returns on Capital Expenditure– The organization is equally successful at accomplishment of new projects and generation of good returns on capital expenditure by establishing new revenue streams. 2. Strong distribution network– Bega Cheese has successfully built a reliable supply chain network over the years which helps to reach the majority of the potential market of the company. 3. Strong Brand Portfolio– The company has invested a good amount of money to build a strong brand portfolio. This tends to be very useful when a company wants to expand into fresh categories of product.
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4BRAND MANAGEMENT 4. Go to Market strategies– Bega Cheese is also successful in having a successful go to market strategies. 5. Skilled labor workforce– The company also invested hugely in providing training of the employees of the organization, and hence it has resulted in having skilled and motivated employees for the organization. Weaknesses 1. Research and Development– The spending of the company in the research and development as compared to its competitors, which is a weakness in the way of product innovation of the company. 2. High Day Sales Inventory– The organization also add unnecessary costs on addition of the inventory due to its superior supply chain system, which may hamper the quality of the products if it is stocked for a good amount of time. 3. Rented Property– A huge amount of money is paid on a significant amount of the property of the organization which is rented rather than purchasing the property. 4. Low current ratio– Bega cheese has a low current ratio, as they are not able to meet the short term financial obligations, which may result to have liquidity problems in future. 5. Integration–Thepresentwork cultureand structurehaveresultedinthe deterioration of many mergers which are focused at vertical integration. Opportunities 1. Internet– Bega cheese has the opportunity to increase its presence in the ecommerce business as the number of the tech savvy people are increasing day by day.
5BRAND MANAGEMENT 2.Social media– The users of social media have increased a lot globally and so the company can promote their products in the social media platform and interact with the customers directly and receive feedbacks. 3. Technological developments– Improvements in the technology has helped the company to reduce the costs and improve the marketing efforts. 4. Population– As the population is increasing day by day, Bega Cheese will have an opportunity to increase the sales as number of automatic customers will increase. 5. Green government drive– This will help the company to sell its products to federal as well as state government contractors. Threats 1. Suppliers– The bargaining power of the suppliers has increased in due course of time, which resulted in the decrease of the number of suppliers, which will result in the rise in the costs of input. 2. New entrants– There are many new entrants in the marketplace who are gaining market share and the potential customers can move from Bega Cheese o these new entrants. 3. Political uncertainties– These can hamper the daily business operations of the company. 4. Exchange rate– The fluctuations in the exchange rates can affect Bega Cheese which operates globally, whereas the suppliers are regional. 5. Changes in the consumer tastes– The continuous changes in the needs and requirements of the customers are a threat to the company as they have to manufacture their products according to the requirements.
6BRAND MANAGEMENT Segmentation The brand mainly targets the people of all ages, mainly the working professionals who look for a healthier diet in their stressful life of them. The younger group of people is also targeted, who also want to stay healthy in the multidimensional life. Positioning The brand positioning of Bega Cheese is given as follows: The price of the products from Bega Cheese is around $11, whereas the price of its competitors ranges from $8 to $15. Thus, it helps the company of Bega cheese to attract the customers as they ate providing the customers with the healthy product and within a moderate budget which can is achievable for almost all the levels of people in the society. Monitoring and Evaluation BegaCheeseneedtomonitorandevaluatetheprocessofcorporatesocial responsibilities as well as the approach to sustainability, the sustainability strategies and the
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7BRAND MANAGEMENT material issues. They need to monitor the threats and weaknesses of them and on the other hand they have to evaluate the situations and strategize the plans accordingly in an effective and efficient way so it will help them to gain the competitive edge over others (Harmanetal, 2015). Conclusion From the above report, it can be concluded that Bega Cheese has many strengths and opportunities which they should capitalize on so that it will help them to run the business operations effectively and efficiently and will help to have a competitive edge over others.
8BRAND MANAGEMENT References Harman, B., Cunningham, R., Jacobs, B., Measham, T., & Cvitanovic, C. (2015). Engaging local communities in climate adaptation: a social network perspective from Bega Valley, New South Wales, Australia. MATIUTI, M., BOGDAN, A. T., & MATIUTI, C. (2014). Ethnozootechny a Component of Geoeconomy.Bulletin of the University of Agricultural Sciences & Veterinary Medicine Cluj-Napoca. Animal Science & Biotechnologies,71(2). Smith, C., Wang, E., Zhao, Z., Goodman, N., De Silva, K., Toze, S., ... & Hodgers, L. (2014). Managing the Long Term Impact of Water Recycling on Irrigated Dairy Farms: The Bega Cheese Case Study. Waitt, G., & Gibson, C. (2013). The Spiral Gallery: non-market creativity and belonging in an Australian country town.Journal of Rural Studies,30, 75-85.