This report contains a marketing plan for Cadbury Company, including an overview of the company, its vision and mission, objectives, STP approach, SWOT analysis, identification of the target market and customers, strategic marketing goals and objectives, measuring success of the marketing plan, and budget for marketing plan.
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Marketing Plan
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Table of Contents INTRODUCTION...........................................................................................................................2 MAIN BODY..................................................................................................................................2 Overview of the company............................................................................................................2 Vision and mission......................................................................................................................2 Objectives....................................................................................................................................2 STP approach...............................................................................................................................3 SWOT analysis............................................................................................................................3 Identification of the target market and customers.......................................................................4 Strategic marketing goals and objectives....................................................................................4 Measuring success of the marketing plan....................................................................................5 Budget for marketing plan...........................................................................................................5 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7 Books and Journal........................................................................................................................7
INTRODUCTION Marketing plan refers to the strategic plan developed by an organization to achieve their objectives and goals. It is an important part of any organization which helps them to fulfill their internal capabilities as well as requirements so that they can be able to fulfill their goals. Cadbury is one of the largest brands of confectionery items all over the world having their headquarters in Uxbridge West London(Hyyppä, 2021). This report contains marketing plan for Cadbury Company with their strategic marketing goals and objectives. It also contains various techniques to measure the success of the marketing plan of Cadbury Company. MAIN BODY Overview of the company Cadbury is a large organization which was established in 1984 by John Cadbury in England. The Cadbury was famous for their operation in five categories that is chocolate confectionery beverages and biscuits. Popular products like Oreo, dairy milk, Bournvita, tang and many more have a tie up with the Unilever Company to increase their sales in the market and make it effective use of the marketing strategies of Unilever. The quality of the products sold by Cadbury help them to target loyal customers and large audience with their products. Cadbury works as a market leader in their industry having their hold on over 70% of the total market share of the industry. Vision and mission Cadbury Company as a vision and mission to more diversify their products in order to provide more products to their customers related to the Cadbury so that they can get best experience with the brand name. The company has a mission to attain increase in their sales by 30% with good satisfaction as well as great quality of their products on the market. Objectives Cadbury has a goal to diversify their products and as an objective to provide more diversified products in the global market with various varieties and specializations in Cadbury(Jimenez, 2020). The main objective of the company is to attain and increment and their sales with 30% with the diversification of product till the year 2022.
STP approach It is an essential part to be considered at the time of preparation of marketing plan especially at the time of decision making regarding the product diversification and marketing of products. Cadbury Company is required to undertake this segmentation targeting and positioning in effective manner to diversify their products which is provided below Segmentation It is that element for Cadbury Company which helps them to analyze the behavior of their customers and the criteria for making purchase their products. In case of Cadbury company the segment of their customers is truly on the basis of psychological factors which provides product at reasonable prices for low income level customers as well as high price products for higher level of income customers. Targeting Targeting refers to the process of attracting customers towards the product and services of the company and ensure the contribution of the customers on their products. In case of Cadbury Company they have a target on the customers of every age as their products are versatile and can be consume by audience of every age(Le, 2021). Positioning Cadbury Company already has their global presence and positioning with high brand image and reputation in the market. The company has continuous advertising techniques to position their brand with the help of several channels of marketing in the market. SWOT analysis StrengthsWeaknesses ď‚·Cadbury Company has a strong brand image in the market for their quality products. ď‚·TheproductoftheCadburyare available in all parts of the world and is considered as a powerful brand due ď‚·The main weakness of the Cadbury Company is that they are continuously criticized by business analyst that they offer a limited range of products and notexpandingtheirmanufacturing products of other kinds like food and
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to be well established operations all over the world. other products. ď‚·It has also been reported about the quality of the products so many times that their products were found some anignorablethingswhichcanbe irrelevant for their customers which canaffectthereputationofthe company. OpportunitiesThreats ď‚·With the increased trend of Cadbury productsthecompanyhasan opportunity to expand their products in the rural areas and other countries where the company has not reached yet(Lopez Votta, 2021). ď‚·Withtheincreaseddemandofthe productsthecompanyhasan opportunity to expand their product range by experimenting it within other markets. ď‚·Healthconsciousnessamongpeople with the increase concern of immunity due to covid-19 can create a great friend for the confectionery company like Cadbury in selling their products. ď‚·Increasing number of customers in the market place a high competition for the company which is also a biggest threat for Cadbury. Identification of the target market and customers The above analysis helps to provide target audience to Cadbury Company in order to promote their production services at right place by providing it to write people. The Cadbury Company has target to people of all the incomes as and provide their production services to all group of people irrespective of their age and requirements which helps the company to get competitive advantage. Strategic marketing goals and objectives Internal analysis of Cadbury provides for required marketing strategy for the company to increase their sales and achieve their objectives. The strategic marketing objective of the
company is to achieve or increase their sales by 30% with the next three to four years or before 2022. It shows that there marketing objectives of the company are according to the SMART objectives(VanĂÄŤková, and SzczepaĹ„ska-Woszczyna, 2020). Measuring success of the marketing plan In order to measure the effectiveness and efficiency of the marketing plan, Cadbury Company use KPI indicators. With the help of KPI indicators the Cadbury Company is able to create a proper environment for checking their returns on investment and ration and also market share they are required to capture and shows their growth percentage in the market. This helps the company to provide results in their customer enlargement and helps to check arrival of their customers with the help of social media tools and provide various variables which can help the company to reduce their wastage and cost. Budget for marketing plan Marketing budget helps to provide proper analysis of financial products required by the company for their marketing purpose. The marketing budget for Cadbury Company is given below:
The above budget helps to provide for requirement of financial resources in Cadbury Company and their new project will require 12000 pounds to carry their marketing as well as operations functions effectively(VanĂÄŤková, and SzczepaĹ„ska-Woszczyna, 2020). CONCLUSION From the above discussion it has been concluded that marketing planning is an essential part of every organization which helps them to achieve success. In order to create an effective marketing plan Cadbury is required to conduct a SWOT analysis which helps them to know their internal strengths and weakness and grab the opportunities and handle the threat available in the market. The company has prepared a marketing budget which helps them to analyze requirement of monetary resources for their marketing operations. In order to measure the success the company use KPI metrics.
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REFERENCES Books and Journal Hyyppä, J., 2021. Digital Marketing Plan for Beautyko Import Oy to Expand Its Online Store to Sweden. Jimenez, I., 2020.Developing Marketing Plan for IT Company(Doctoral dissertation, California State University, Northridge). Le, T., 2021. Digital marketing plan for a mobile application: Case Memoa. Lopez Votta, F., 2021. Digital Marketing Plan for Petiscaria Restaurant. VanĂÄŤková, R. and SzczepaĹ„ska-Woszczyna, K., 2020. Innovation of business and marketing plan of growth strategy and competitive advantage in exhibition industry.Polish Journal of Management Studies,21.