Kellogg's CEO Memo: Fighter Brand Strategy for Market Competition
VerifiedAdded on 2022/10/03
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Report
AI Summary
As a brand consultant for Kellogg's, this memo addresses the increasing competition from retail store brands like Coles and Woolworths. The report analyzes the challenges and opportunities of implementing a fighter brand strategy, drawing insights from the provided Harvard Business Review article. The primary insight gained is the necessity of launching a fighter brand to eliminate competitors and open new market opportunities, while carefully considering the risks of cannibalization. The recommended solution involves a customer-centric approach, emphasizing the importance of understanding consumer needs through market research and offering low-price products with perceived quality. The memo also suggests adopting a proactive confrontation strategy, focusing on the overall value of the products and developing a unique selling proposition to retain consumer attention. This approach aims to effectively reduce rivals, protect the premium brand, and create a thriving business for Kellogg's.
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