James Squire, a popular Australian beer company, is introducing customized beer in the market. This study discusses the marketing plan for the product, including SWOT and PESTLE analysis, value selection positioning, value creation product, value captured pricing, value delivered distribution, and value communicated promotion.
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Name of the company:James squire Name of the product: Customized beer Introduction The company James squire, which is popular in Australian market for making beer with the barley hops, is going to introduce customized beer in the market. In the alcoholic beverage, beer is being considered as the popular liquor. Analyzing the current growth in Australian alcohol industry, it can be said that the liquor industry is growth near about 3% in every year. However, it cannot be denied that rating on drinking alcohol in Australia is very less. Premium drinks are the major key drivers in Australian liquor industry. It cannot be denied that beer is the widely customer drink from the liquor category in the globe. The purpose of this study is to develop a marketing plan of customized beer so grabbing the attention of large number of customers. In this study, the marketing plan of James squire will be discussed that will indicate the future growth of customized beer in the liquor industry. Executive summary Environment analysis In order to do the environmental analysis of the product in liquor industry, SWOT and PESTLE analysis have been done. In the below analysis, the future possibilities of the company in case of developing the customized beer plan has been discussed. SWOT analysis Strength: It cannot be denied that the company has already established its strong brand image in the market, which can be beneficial for getting the positive customer response regarding this
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product. With the diversified products, the company has developed its large customer base that can help to gain the product popularity. Weakness: Although in the 21stcentury people have become advanced and aware of the liquor industry, but it cannot be denied that there are large number of people who still not aware of beer products. James squire provides expensive products, which is not possible to abele for all. Strict regulations and license issue in the liquor industry as well as limited target customers are the main weakness. Opportunities: The biggest opportunity of the company is it has partnership with Australian environmental organization. Due to its popularity in the online market, it will be easier to aware people regarding the product. Analyzing the growth opportunities in liquor industry, it has been identified that tourism industry has started contributing in the industry. Threats:Thebiggestthreatfortheproductisglobaleconomicdownturns.Increasing competitors and availability of substitute products in the market, it will be tough for the company to develop effective plan. PESTLE analysis SituationAnalysis PoliticalAustraliaisapoliticallypeacefulcountry.Withthestable political situation, it will be easier to develop customized beer in the market. EconomicWith the increasing GDP rate in Australia, the liquor industry is growing 3% in every year. Analyzing the current market growth it can be assumed that the product will be appreciated by the
customers. SocialIt is true that Australian people are not fond of alcoholic products. In this situation, it will be tough for convincing their purchasing decision. TechnologicalAftertheglobalization,withincreasingtechnological opportunities in the market, technological advancement has been introduced in the liquor industry. Therefore, It can be assumed that in this situation customized beer concept will be appreciated by the consumers. LegalNationalCouncilonAlcoholismandDrugDependencehas introduced various rules and regulations in the liquor industry. In this situation, it can be said that the legal situation is not in favorable condition for customized beer marketing. (Source: created by author) Value selection positioning
High Quality High Price Low Quality Low Price Figure: Positioning map (Source: Created By Author) In the above positioning map James squire has been located in the High price with high quality section. In the same section the Pikes Beer Company and Castlemaine Perkines have been positioned. On the other hand, Australian beer Company has been positioned in High quality and low price. In the above diagram, it has been identified Pikes Beer Company and Castlemaine Perkines can create tough competition for developing a strong marketing plan. Value creation product Value creation is very important in case of convincing the customers buying decision. In case of introducing customized product by the company, the company can develop its service standard. In case of making the product attractive packaging can be changed. By giving the honor to the customers to prepare the beer with depending of their preferred taste. On the other
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hand, increasing the value of the product, the crowdsourcing and innovation can play an important role. Value captured pricing As it is new edition of James Squires, which will be introduced once in every five year, therefore, the target customer of the company upper class people.The company has gained its popularity in the market for providing standard quality of products with expensive prices. In case of contributing in the society, the marketing campaign will serve through the initiative of reducing child labor.With the Social initiative, in every unit of customized beer, $1 will be contributed towards the novel initiative. Value delivered distribution Customer satisfaction is the main motive of every organization. In case of creating the value in delivered distribution, the company promises for surpassing the customers’ expectation. In case of bringing the innovation in product delivery process, the fastest delivery process will be followed by the company. As the company has decided to brew the customized beer for the customers, so that individuals can be satisfied, therefore, consultation services will be permitted for every visitors in brewing premises. With this initiative, it will be easier to maintain the transparency with customers that can help to develop customer base. Value communicated promotion In sales promotion, different communicational activities are being included that helps to add value in the initiatives of an organization towards its stakeholders. In case of adding the value in promotion, strong brand message is important with the strong brand image. It has been
identified that the social media campaigns will be done by the company with the message “Brew your own and make it Australia’s #1”. Conclusion 100