Individuals written portfolio1 Table of Contents PART A...........................................................................................................................................2 Background and Introduction.......................................................................................................2 Analysis...........................................................................................................................................2 Mission Statement........................................................................................................................2 Product.........................................................................................................................................2 Target Market...............................................................................................................................3 Financial Analysis........................................................................................................................3 PESTLE analysis.............................................................................................................................3 Political Environment..................................................................................................................4 Economic Environment................................................................................................................4 Social Environment......................................................................................................................4 Technological Environment.........................................................................................................4 Legal Environment.......................................................................................................................4 Environmental Analysis...............................................................................................................5 SWOT analysis for Clipper Decaffeinated Green Tea....................................................................5 International business strategy.....................................................................................................6 Strategy for entering the developing market...................................................................................8 Competitors..............................................................................................................................8 Customers.................................................................................................................................8 Collaborators............................................................................................................................8 Climate.....................................................................................................................................8 Marketing Mix Strategies.............................................................................................................8 Product......................................................................................................................................9
Individuals written portfolio2 Price..........................................................................................................................................9 Promotion.................................................................................................................................9 Place.........................................................................................................................................9 Part B.............................................................................................................................................10 Reflection...................................................................................................................................10 References......................................................................................................................................11
Individuals written portfolio3 PART A Background and Introduction The Clipper Teas limited started clipper tea in 1984. It was a new concept in the field of tea. It is an innovative idea that tea, which was being served in cups, will now be severed in a tea bag with sugar and milk. Mike and Lorraine were determined to change the taste of tea and they started taking initiates in 1984 in that direction. They had a tag line ‘It is what is on the inside that counts. Company started their journey from UK. Clipper Teas Limited has a good market in UK. Company also supply its products in different countries through third parties(Clipper, 2019). Analysis Mission Statement The Clipper Teas Limited wants to export its Clipper decaffeinated green tea to Sri Lanka. They want to capture international market through low price range and quality product. The Clipper Teas Limited is having a roadmap to start with the goals. They take their decisions and actions to succeed in international market(Clipper, 2019). Their missions are: 1.Make a refreshing morning 2.To create a brand 3.To motivate people for their health and happiness 4.To create a new culture in society Product The Clipper Teas Limited wants to extend thier business at international level. They introduce their Clipper decaffeinated green tea in the International market, which is Sri Lanka. There are various benefits of Green tea from the physical fitness viewpoint.
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Individuals written portfolio4 Green tea is having polyphenol antioxidants that are best for health. This antioxidant provides many benefits to health(Clipper-Teas, 2019).These are the benefits of clipper caffeinated green tea. It is having bioactive compounds, which are good for health. It reduces fat that improvehealth of a person. It is antioxidants that are reduce different types of cancerin human body. It reduces risk of Alzheimer's and Parkinson'sin human body as well as protect brain It reduces risk of Type 2 Diabetesin human body. It reduces risk of Cardiovascular Diseasein human body It is also helpful to lose weight and lower risk of obesityin human body Target Market The Clipper Teas Limited will target those people who have their age above 5 years as well as health conscious people. It is beneficial for the human body. Clipper caffeinated green tea reduces fat and diabetic problems as well. It is not containing sugar. Therefore, it will target those customers who have age between 20 to 65 years. Financial Analysis At starting level, it will be priced at lower range. They provide 20 tea bags of Clipper Decaffeinated Green Tea in just 490 Sri Lankan Rupees. It will increase sales of organization by 45%. It will also provide maximum benefits to the company. It will produce profit form the green tea product is 17 % in the starting of the year and it will increase in end of the year by 35%. All things are important for extending business at international level. PESTLE analysis Most of the researchers use PESTLE analysis framework to understand different external environment factor(Ajmal, et al., 2010).It is beneficial for understand macro level factors of the business at international level. In this report, PESTLE and SWOT analysis is used to analyze the
Individuals written portfolio5 external factors that might affect the business of Clipper Decaffeinated Green Tea product in Sri Lanka. Political Environment Clipper Decaffeinated Green Tea is having many political elements, which affect business of the company. Duty and tax rate of Sri Lanka is a one of the reason. It has power to affect the spending is of customers in Sri Lanka as well as company expenses. Currently, Sri Lanka government brought down the interest level to improve their economy. It will help to investment of investors in different projects of Sri Lanka. Clipper Decaffeinated Green Tea will be able to bring investment in the market of Sri Lanka through loans(Anderson, et al., 2009). Economic Environment Economic environment can affect the business of Clipper Decaffeinated Green Tea in Sri Lanka. Sri Lankan economy has seen robust annual growth at 6.4 percent. Clipper Decaffeinated Green Tea will hope for better business in Sri Lanka(Cadogan, 2009). Social Environment Many customers will use clipper Decaffeinated Green Tea. In addition, social changes are being seen in Sri Lanka. It will increase consumption of Clipper Decaffeinated Green Tea. It is also having health benefits. Technological Environment Sri Lanka is a developing country and it has been technological changes as well as IT-services. It will help create an online business for Clipper Teas Limited. Now days, consumers are prefer online shopping(Chen, et al., 2012). Legal Environment The Clipper Teas Limited will handle all the rule, laws, and legal procedures for their international business planning in Sri Lanka. Company will have to maintain rule and regulations
Individuals written portfolio6 in different terms, such as processing of tea, packaging, distribution, manufacturing, and many other things(Canadian Trade Commissioner Service, 2018). Environmental Analysis Sri Lanka climate is warm throughout the year. Temperatures of Sri Lanka vary in between 20 to 30 degree Celsius. It is a positive condition for Clipper Decaffeinated Green Tea(Chesbrough, 2010). SWOT analysis for Clipper Decaffeinated Green Tea SWOT analysis is useful for understand different factors of company at macro level. It will provide strength of the company, which can be used for new business in international market. It will explain about weaknesses of the company that is used for avoiding weaknesses from new business processes. SWOT analysis will also provide opportunities of company to become an international brand and many innovations in their fields. It will provide threats of the company. Therefore, company can avoid those threats at the time of new product launching and product launching in international market(Enderwick, 2009). StrengthsWeakness The Clipper Teas Limited has a strong brand image in UK. The Clipper Teas limited is famous for their products as well as fresh ingredients. They provide their products in a budget price as well as less price then other brands Few products are having unique taste Their products are sugar free that is beneficial for health It bears international standard. Advertising and marketing is having poor strategies Clipper caffeinated green tea is a new product in Sri Lankan market. Rate of awareness is low There are many competitors in the market. It is still having a less promotion.
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Individuals written portfolio7 OpportunitiesThreats The Clipper Teas Limited can introduce their new concepts with unique products, such as sugar free products and flavored products. Competitors are not having new technologies as well as decaffeinated products. They have an opportunity to promote their products with the help of new marketing mix strategies. Lipton was established their product a long time ago that is a threat to Clipper Teas Limited They are having sugar free and sometimes, it is boring in taste. International business strategy Marketing is terms that will always be an inevitable in order to supply of products in domestic andinternationalmarket.Therefore,whenacompanywantsto extendtheirbusinessat international level, it has many things to do for getting success. Domestic and international business is having many differences in terms of marketing(Canadian Trade Commissioner Service, 2018). Most of the companies are aims to capture the international market, whenever they see themselves doing great in the domestic market. However, international market is having different things to capturing success and it is not easy thing. International market is requires efforts, planning and research for getting successes(Teece, 2010). It is compulsory to understand all the diversities and complexities of international market through manager. In addition, they need to build knowledge, attitude, and professional skills to achieve their target in the international market(Waranantakul, 2014). Forestablishininternationalmarket,companyshouldperformdifferentanalysisbefore launching products in international market, such as SWOT and PESTLE analysis. SWOT
Individuals written portfolio8 analysis is described about the strength of the organization as well as weaknesses. It is also provide opportunities for company with threats of present market(Trkman, 2010). Sri Lanka is increasing consumption of clipper tea day by day. Therefore, company having though of exporting clipper tea to Sri Lanka. There are many facts for exporting a product in international market. In this report, external environment analysis is focus by Clipper Teas Limited(Hoey, 2018). It will explain about strength and weaknesses of the company with many opportunities and threats. In this report, Clipper Teas design new marketing strategies for exporting clipper tea in Sri Lanka. International market requires more analysis as compare to domestic market(Trade Commissioner Service, 2018). Planning is required for getting success in future. Companies are putting their efforts with their strengths to achieving thier goals. It is ways to make different things in a synchronized way for getting success otherwise different business problems are occurred in front of company(Slater, et al., 2010). Planning can be related to the formulation of missions and functions for getting success. Therefore, it can be termed as process and philosophy. Planning can be defined in three ways, which are corporate, tactical, and strategic. Planning for international market is defined to be long-term goal. It is a highest level of any organization that conducts international corporate planning. They deal with the research, capital, and product(Saunders & Lewis, 2012). International market is required international marketing strategies for product launch. It is a kind of corporate planning that is undertake by the highest level of managers. Managers are planning for the product launch in international level and they design entry market strategies with the help of mix marketing strategies. Therefore, product can attract the customers and catch the essence of the market( Saif, 2015). Based on many researches, a cup of tea contains less caffeine than coffee. Therefore, consumers consume tea. Clipper tea is having so many health benefits. There are many inventions in tea, such as green tea, organic tea, and many others. It has been promoted these days(Peter & Olson, 2010).Sri Lanka is having many customer, which are health conscious and it is increases day by day. Clipper teas limited chose it as their international market place for clipper tea.
Individuals written portfolio9 Strategy for entering the developing market Competitors The Clipper Teas Limited is having several competitors in UK. Therefore, they can make a good price for their products and their quality to establish in market. However, customers are always ready for quality products(Pandurangarao, 2015). Customers Sri Lanka is increasing in consumers that are preferring clipper tea as compared to coffee. They want to have clipper-decaffeinated tea with a high discount and low price as compared to other brands. The Clipper Teas Limited has potential to catch the international market though their business strategies. The Clipper Teas Limited can start their business at Sri Lanka and they can easily catch the market through their products(Krstic & Becic, 2011). Collaborators For setting up business in the other country, media or agencies are helping companies are known as collaborators. The Clipper Teas Limited will use collaborators for selling and distribution of their products in Sri Lanka. They can use them for starting few months. Indirect channels are providing many benefits. Indirect channels are third parties agencies. They do not require sale personnel for selling of products in market(Osterwalder & Pigneur, 2010). Climate The clime is an external environment for a business. The Clipper Teas Limited is having different products and they are ready to face different complexities in the Sri Lankan market (Chimngamsert, et al., 2014). Marketing Mix Strategies Business is requires different market strategies for getting success. Therefore, it requires 4P’s, which are product, price, promotion, and place.
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Individuals written portfolio10 Product The Clipper Decaffeinated Green Tea is a best product of the Clipper Teas Limited in the market. It contains no chemical at the time of growing it. The product will be directly exporting to the market of Sri Lanka for protects originality of product. It will use their brand name to sell the Clipper decaffeinated tea in the market. Clipper Decaffeinated Green Tea will be pack in the tea bags and good quality packets for the convenience of the consumers. Price Clipper Decaffeinated Green Tea price will be an affordable for consumers. Retailers will keep 35% of the margin who buy in a bulk. Company will provide a bonus in end on the month. Promotion Clipper Decaffeinated Green Tea will be used social media for advertisements because it is a best way to marketing. They will also use line advertisements for product sell. Place The Clipper Teas Limited will rent a place for distribution of the product. It will have availability at various supermarkets as well as airports, railway stations, and many other places. It is easily available in retail shops. The Clipper Teas Limited will have their own website for maintaining their online transactions as well as marketing of product(Faber, 2018). Part B Reflection I learnt from this study that international business is not easy. It has many difficulties and mangers should have higher level of research for business at international level. According to my opinion, they should design mix-marketing strategies for growth of the company in international market. Thus, introduce a product in international market is very tough process. It requires number of things for start to the business, such as analysis, decision-making, and research.
Individuals written portfolio11 Competitors are everywhere in the world. Therefore, they have a strong business planning for international market. To getting success in international market, there is a need to develop marketing mix strategy based on the SWOT and PESTLE analysis. I learnt about the different analysis for the international business planning, such as PESTLE and SWOT analysis. Both PESTLE and SWOT analysis are beneficial for launching a product in different geographical location at international level. I leant about the international market strategies through different activities in my class. It is beneficial for my professional career development. Marketing mix strategies are useful for business. However, Marketing mix strategies is also helpful for decision making for business processes and operation of an organization. Learning activities are so beneficial for my career development and it is useful in business setups, which are held in class workshops. e-tivities were also beneficial for my personal development as well as professional development. I learnt about many skills form that workshops that are held in class, such as self-awareness, motivation, reflective learning, teamwork, leadership, and effective communication. All these skills are transferable. In addition, I worked as a leader in different activities. References Saif, A. N., 2015. How does Marketing Strategy Influence Firm Performance? Implementation of Marketing Strategy for Firm Success..International Journal Of Innovation And Economic Development,1(3), pp. 7-15. Ajmal, M., Helo, P. & Kekäle, T., 2010. Critical factors for knowledge management in project business.Journal of knowledge management,14(1), pp. 156-168.
Individuals written portfolio12 Anderson, J. C., Narus, J. A. & Narayandas, D., 2009.Business market management: Understanding, creating, and delivering value..1 ed. London: Pearson Prentice Hall. Cadogan, J., 2009.Marketing strategy.1st ed. Los Angeles: SAGE. Canadian Trade Commissioner Service, 2018.5 Make or Break Decisions when Marketing Internationally.[Online] Available at:https://canadabusiness.ca/blog/5-make-or-break-decisions-when-marketing- internationally/ Chen, . H., Chiang, R. H. & Storey, V. C., 2012.Business intelligence and analytics: from big data to big impact.London: MIS quarterly. Chesbrough, H., 2010. Business model innovation: opportunities and barriers..Long range planning,43(2-3), pp. 354-365. Chimngamsert, C., Jhundra-indra, P. & Raksong, S., 2014. BUILDING SUSTAINABLE MARKETING SUCCESS THROUGH SOCIETAL MARKETING STRATEGY.International Journal of Business Strategy,14(3), pp. 39-58. Clipper, 2019.Our Story.[Online] Available at:https://www.clipper-teas.com/our-story/ [Accessed 21 February 2019]. Enderwick, P., 2009. Large emerging markets (LEMs) and international strategy.International Marketing Review,26(1), pp. 7-16. Faber, . J., 2018.Why no business is too small to have a website.[Online] Available at:https://cira.ca/blog/ca-domains/why-no-business-too-small-have-website Hoey, . K., 2018.What To Consider When You're Considering Moving Your Business.[Online] Available at:https://www.forbes.com/sites/kellyhoey/2018/11/07/canada-startup-business- immigration/#4973812922ba Krstic, I. & Becic, S., 2011. Implementation of marketing strategy: Factor of competitive advantage.Marketing,42(2), pp. 118-126.
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Individuals written portfolio13 Osterwalder, A. & Pigneur, Y., 2010.Business model generation: a handbook for visionaries, game changers, and challengers.New York: John Wiley & Sons.. Pandurangarao, D., 2015. how-does-marketing-strategy-influence-firm-performance- implementation-of-marketing-strategy-for-firm-success.International Journal Of Innovation And Economic Development,1(3), pp. 16-22. Peter, J. & Olson, J., 2010.Consumer behavior & marketing strategy.1st ed. New York: McGraw-Hill Irwin. Saunders, M. N. & Lewis, P., 2012.Doing research in business & management: An essential guide to planning your project..1 ed. London: Pearson. Slater, S., Hult, G. & Olson, E., 2010. Factors influencing the relative importance of marketing strategy creativity and marketing strategy implementation effectiveness.Industrial Marketing Management,39(4), pp. 551-559. Teece, D. J., 2010. Business models, business strategy and innovation..Long range planning, 42(2-3), pp. 172-194. Trade Commissioner Service, 2018.The 3 Steps to Effective International Market Research. [Online] Available at:https://canadabusiness.ca/blog/the-3-steps-to-effective-international-market- research/ Trkman, P., 2010. The critical success factors of business process management.International journal of information management,30(2), pp. 125-134. Waranantakul, W., 2014. MARKETING STRATEGY COMPREHENSIVENESS AND FIRM PERFORMANCE: THE MEDIATING ROLE OF MARKETING STRATEGY IMPLEMENTATION EFFECTIVENESS.Journal of International Management Studies,14(3), pp. 43-50.