This report provides a critical analysis of the existing marketing communication strategies of Innocent Drinks, an online library for study material with solved assignments, essays, dissertation etc. It also includes an integrated marketing communication plan for their existing products and recommendations for determining their target customers.
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Contents INTRODUCTION..........................................................................................................................1 TASK 1...........................................................................................................................................1 Critical analysis of existing marketing communication strategies that are applied by the brand. Further, evaluation of current marketing strategy in the country for the brand..........................1 TASK 2............................................................................................................................................3 Preparing an integrated marketing communication plan for existing product............................3 Control.............................................................................................................................................5 TASK 3..........................................................................................................................................6 Analysing current market segments and recommend the best one for the brand.......................6 Critical assessment of customer relation strategies of the brand for assessing the dimensions of brand equity................................................................................................................................7 CONCLUSION...............................................................................................................................8 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing communications can be understood as message as well as media that are used by organisational managers for communicating their advertising components to their segmented customers in a target market(Blakeman, 2018). This exercise is considered as beneficial as it aid to move products, services as well as ideas from producers to end users which help them to maintain relationship with customers for a longer period of time. It also aid in improving brand perception in the eyes of targeted audience. In order to better understand about the marketing communications,InnocentDrinksistakenintoconsideration.InnocentDrinksproduces smoothies as well as juices which has its headquarters at London, United Kingdom. This project report demonstrates a critical analysis of current marketing strategies which is applied by the brand. This also illustrates preparation of integrated marketing communication plan for their existing products. This also analyse current market segments and also contains a recommendations for determining their target customers. TASK 1 Critical analysis of existing marketing communication strategies that are applied by the brand. Further, evaluation of current marketing strategy in the country for the brand. Marketing communication strategies are tactics planned by business to convey specific message to target consumer with the help of distinct mediums(Bruhn and Schnebelen, 2017). In case with Innocent Drinks, marketing communication strategiesserve purpose of helping marketing department to better understand target audience addition to brand message. At present, it has been analysed that the company uses communication marketing strategies for continuously communication with target customers. It is working well because the company is able to gain insights about what makes the customer to devise purchase decision and the reason they must come to the establishment for meeting needs. With this, the company becomes familiar with customer journey and establish a plan which can assist in meeting customers’ requirements at eachphaseofjourney.Marketingcommunicationstrategiesthatareusedbymarketing department of Innocent Drinks are analyse below: Push, Pulland Profilestrategy: Pullstrategy of marketingcommunicationincludes direction of marketing efforts at consumer or end users as well as loaded with huge promotional offers to support business campaigns, for examples, free samples, contests and coupons(Ferrell,
Hartline and Hochstein,2021). In case with Innocent Drinks, it has been analysed that use of pull strategy requires huge spending on promotions along with advertising for building demand of consumers for variant smoothies and juices. While push strategy is about getting product or service of company into hands of buyers with limited or no marketing efforts. At present, push strategy used in Innocent Drinks involves selling numerous juices and smoothies personally for acquiring customers. For example, push strategy of marketing communication makes utilisation of sales force together with practices of trade promotions for creating consumer demand for offerings smoothies and juices. In contrast, profile strategy is concerned with building perception, reputation, awareness along with attitudes through corporate advertising and public relations(Hollensen, Kotler and Opresnik, 2017). In present era, good profile of company reflects strong brand equity. Innocent Drinks with good profile as well as strong brand equity is able to leverage interest of wider consumers for its offerings, create emotional connections with customers and satisfy needs of all types of consumers. Media strategy: It is kind of marketing communication strategy which is implemented by the company with use of particular media for attaining marketing or advertising goals(John and De'Villiers, 2020).In present environment, organisation, for example, Innocent Drinks use media strategy for enhancing brand awareness addition to interest in products and services of the company. Paid media strategy of Innocent Drinks is going on well because the company promotes its services, content together with varied juices and smoothies with paid advertisements that are places on numerous platforms comprising TV, radio and social media. Message strategy: The marketing communication strategy which tells an individual or entity what to say as well as how to say is message strategy(Juska, 2021). At present, marketing department of Innocent Drinks uses message strategy for building awareness addition to inform customers related to itself as a business. It is working well as it states the ways the company turn marketing into communication addition to communication into outcomes. Current marketing strategy opted by Innocent Drinks in UK is media strategy. It is valuable strategy for the company to source customer intelligence together with data. Social media platforms are open to all that gives the company a chance for following activities of target consumers or potential buyers(Khandamova, Shchepakin and Bazhenov, 2017).
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In UK, social media practices of Innocent Drinks comprise of great content addition to engaging communication with followers.With this, marketers of the fruit juice company are becoming more informed related to target audience for their likes, preferences, interests and dislikes for the purpose of creating better marketing strategy for attracting potential and prospective customers. In accordance toSamoilenko (2020), it has been evaluated that media strategy of Innocent Drinks is working well as it helps the establishment to beat competition along with take lead (Samoilenko, 2020). The business accounts of Innocent Drinks on social networks are an opportunity for presenting the brand as well as message in relatable together with real manner. The company with this is able to rank in search engines that makes it a good idea for discovering the ways prospective clients or customers are searching for the company when online. TASK 2 Preparing an integrated marketing communication plan for existing product Marketing communication plan can be explained as a strategy which is used by marketers for informing their target customers about their products or services(Kitchen, 2020). Marketing communication plan in relevance with Innocent Drinks is mentioned below: Context analysis Innocent Drinks is concerned with manufacturing smoothies and fruit juices which are sold in supermarkets, food outlets as well as coffee shops. It major share is owned by Coco Cola company. This brand serves the people of Europe in a significant manner. Managers of Innocent Drinks claims that their drink is healthy one. UK food and beverage industry is enhancing their share in a significant manner. Increased demand of fruit juices has led to enhance the growth of beverage industry. However, due to global pandemic, costs of varied commodities, transportation as well as packaging which led to increase the quoted prices of products by companies. Although non-tariff agreement is considered as positive aspect. However, managers of Innocent Drinks are also facing issues in regards with custom declaration as well as local content audits. For meeting their costing requirements, managers of Innocent Drinks are trying to target a massive segment of customers through adopting marketing communication strategies in an exponential manner. Objectives
Objectives in relevance with Innocent Drinks for the period of August 2022 to July 2023 are as follows: ď‚·To exceed their sales by 10% October 2022 through enhancing marketing campaign. ď‚·To gain 1 million followers on the Instagram handle till January 2023. ď‚·To enhance their conversion rate by 15% by February 2023.ď‚·To position their website on number one till January 2023 with the help of Google analytics and search engine optimization. Strategies It is imperative for marketing professionals to adopt varied advertising strategies which help them to make their plan an effective one in a given time frame(KUSA, ZAUSKOVA and CABYOVA, 2020).Managers of Innocent Drinks can adopt media and Push, pull and profile strategies for enhancing their brand in UK as well as nearby areas. Innocent Drinks is already active in varied social media platform such as LinkedIn, Twitter, Instagram which help them to make their brand more viable.For adopting social media strategies, managers of Innocent Drinks can indulge in activities such as content creation and collabs with influencers. This led them to target emotional aspect of people as influencers and celebrities are highly followed for their styles as well as eatery habits. Products of Innocent Drinks are largely sold in supermarkets, food outlets and coffee shops which led marketers to follow the push strategy for making their distribution channel effective. They can also use pull strategy which helps them in attracting their customers for stimulating them to procure their products from retailers. Through implementing profile strategy, they can communicate effectively regarding marketing objectives to their varied stakeholders. Tactics It is desirable for marketing professionals of Innocent Drinks to us varied tactics which help them to targeting their segmented audience in a strategic manner. They can use advertising and sales promotion tactics as it can help them to attract a massive number of audience in a continuous manner on an instant basis. They can advertise their products through using social media platforms in an effective manner(Pandey, Sahuand Dash, 2018).Through the help of sales promotion by devising a virtual marketing campaign. This can help them in reducing their promotional cost and also increased brand viability in more strategic manner. They can organise contests, provide coupons and vouchers to customers on procuring their products.
Action After formulating strategies and choosing tactics, it is time to take an action for proper execution. It is imperative for marketing professionals to execute their plan through using proper techniques. One such technique is Gantt Chart which can help them in segregating varied activities regarding scheduling and preparing budgets(Parkand McMahan, 2020).Gantt chart for marketing communications for the period of August 2022 to July 2023 is as follows: Control It is imperative for marketing professionals of Innocent Drinks to analyse the marketing communications plan with the help of key performance indicators and digital analytics in an effective manner. Controlling techniques which can be used by marketing professionals of Innocent Drinks are as follows: Set performance standards- Managers of Innocent Drinks should set performance standards which are determined through the phase of determining objectives of enhancing their sales. They can also set performance standard for gaining one million followers on their Instagram page. Takeregularmeasurements-Inordertotracktheexecutionoftheirmarketing communication plan, managers of Innocent Drinks should check their set objective with the help of digital tools such as Google and Instagram analytics. Comparemeasurementswithstandards-Aftersettingperformancestandardsand assessing the objectives, it is time for comparison among set objectives and actual results. It the duty of marketing professionals of Innocent Drinks to make a apt comparison among the
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objectives and measuring analytics. For example, objective has been set to increase Instagram followers by 1 million and till now the the number has been raised to half million. Take corrective action for solving the issues- After measuring and comparing the objectives as well as performance measuring analytics, marketing professionals of Innocent Drinks should take corrective action. For example, for increasing more followers, marketing professionals of Innocent Drinks should post more relevant content regarding their workplace culture or any other related aspect which results in increasing their viability. TASK 3 Analysing current market segments and recommend the best one for the brand Current market segment of Innocent Drinks are the young and urban professionals. They also claim that their smoothies and fruit juices are healthy and do not contain any other concentrated sugar and other elements. In order to recommend the best segmented audience, a STP analysis is taken into consideration. STPanalysiscanbeunderstoodasastrategicassessmenttoolwhichhelpmarketing professionals in bifurcating their promotional strategies as per the segmented customersShankar and Et. Al., 2021).Differential elements of STP analysis in accordance with Innocent Drinks are as follows: Segmentation- At this stage, marketing professionals are confused in determining which segment of customers should be targeted. For proper segmentation, marketers segregate the massive audience into smaller groups on the basis of their attributes and shared characteristics (Taghipour, 2019).Through this, they gets proper clarity of their intended message that suit and stimulate a specified audience. Managers of Innocent Drinks can chose their segment on the basis of demographic and behavioural basis. They can target a specified area of UK that is London for executing their strategies of marketing communication plan. They can also analyse the buying patterns, browsing history as well as brand loyalty for segmenting their customers. As it is old and popular brand in UK which led them to persuade their customers to procure their healthy smoothies and fruit juices. Targeting –This phase is concerned with targeting the chosen segmented customers with the help of framed marketing strategies. This preference is based on reachability, benefits and size aspects which can be addressed by marketers for determining the target audience. Managers
of Innocent Drinks should choose that segment which has large population as in small size chances of conversion rates are very low. Before targeting specified group of customers, it is imperative for Innocent Drinks to measure the reachability of their messages to selected consumers. Profitability of targeting a specified market segment should be analysed in an effective manner. Positioning-At this stage, marketers use valuable insights which are gained from the processofsegmentationandtargetinginordertocreateformulatepropermarketing communication strategies for promoting their products or services. It is imperative for marketing professionalsofInnocentDrinkstopositionthemselvesstronglythroughtheireffective marketing communications and unique value propositions. They can also position themselves as a healthy brand which keeps care of eating habits as well as diverse needs of their massive customers in a strategic manner. It has been recommended to marketing professionals of Innocent Drinks to target people of London on the basis of their online hunting products and buying patterns. Marketing communication should be done on the basis of determined target audience in a significant manner with the help of social media platforms and showing the brand as big as well as viable. Positioning can be made effective by marketing professionals of Innocent Drinks by using brand positioning map. Critical assessment of customer relation strategies of the brand for assessing the dimensions of brand equity Organisational managers of Innocent Drinks follow a strategic customer relation strategy whereby they ask for reviewing their products in an exponential manner. They also show the ingredients that are used for producing their products as well as their process on their social media handles which help them to gain viability as well as enhance their customer relationship. However, this practice can be reacted negatively on the business operations of Innocent Drinks as they also get negative comments and face criticism which can be seen by large public which can hamper their brand loyalty. Brand equity is concerned as value of brand which is gained in market(Vitorino, Lisboa and Antunes,2020). In order to assess brand equity, Aaker model is taken into consideration. Aaker describes brand equity as combination of assets as well as liabilities which is associated
with brand on a direct basis and adds a specified value to the product. Components of Aekar model in relevance with Innocent Drinks are as follows: Brand loyalty-This component is concerned with measuring the support which brand hails from their customers. It is considered as beneficial for Innocent Drinks as it allows them focus on their loyal customers which aid them in reducing their advertising cost to masses. Brand awareness- It is considered as familiarity of brand among the masses in a significant manner. As per this model, managers of Innocent Drinks can aware their targeted customers through enhancing brand awareness. This help customers to feel comfortable while procuring the fruit juice from Innocent Drinks. Perceived quality-This is concerned with understanding of public in regards with products or services of an organisation. Perceived and established brand awareness of Innocent Drinks led customers to view their products more viable. Brand associations-This is concerned with measuring the connections which a customer have with the specified brand. It help managers of Innocent Drinks to create a positive attitude regarding company's image which persuade customers to procure their products. Proprietary assets-This component is essentially concerned with intangible assets such as trademark, copyright and many more in relation to a brand. Goodwill of Innocent Drinks help them to enhance reputation of company in a significant manner. CONCLUSION Fromtheabovementionedinformation,ithasbeenconcludedthatmarketing communications is a strategic technique which led marketing professionals to communicate their messages and media to their targeted customers. Marketing communication plan is formulated by marketingprofessionalsforperformingtheirformulatedtacticsinaneffectivemanner. Marketing communication strategy assists in keeping these clear about who the company is along with ways to continuously speak with the audience. STP analysis is considered as important for organisations for determining their targeted customers for positioning marketing communication strategies in an effective manner.
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