Marketing Essentials: Coco-cola Biscuits Marketing Plan
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This presentation provides a comprehensive marketing plan for Coco-cola Biscuits, including objectives, SWOT analysis, marketing mix strategy, STP, budget, and monitoring and controlling. The plan aims to increase sales, market share, and customer base, while positioning Coco-cola Biscuits as a top brand in the biscuit market.
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MARKETING ESSENTIALS P4
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P4 Develop a basic marketing plan ■Executive Summary-Coco-cola is h high British multinational company to provide soft drinks in different flavours like coke, sprite. But to have more productivity it is planning to launch a new product called “Coco-cola Biscuits”. ■Mission- Coco-cola seems to have more productivity of their products. Its short term vision is to increase market share and aware more and more people about their products and fulfil customer needs and demands. ■Vision- Coco-cola step by step growing and setting network worldwide. Its long term vision is to have sustainable growth and longer productivity. Its aim to increase trust within public that their products are safe to use.
CONTINUE…. Objectives- ■To increase sale of products by 20% by the end of year 2019. ■To increase market share by 15% by the end of year 2019. ■To increase customers by 30% by the end of year 2019.
CONTINUE…. ■SWOT analysis of Coco-cola StrengthWeaknessThreatsOpportunities Ithasdifferentuniqueidentity among other brands. It has strongtrust of customers related to quality. It has presence all over the world andhaseffectivedistribution network. Ithasstronginfrastructureand other structural changes. Other competitive brand like pepsi alsopresentsamefavouredsoft drink. Healthconsciouspeopledonot prefertohavecarbonated beverages. Reduction in consumer demands of beverages. Competition increases from other favourable global brands. Demandincreasesofhaving organic healthy energy drinks. It has opportunity to make a partner to increase network of distribution worldwide effectively.
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CONTINUE…. Marketing mix strategy- ■Marketing mix strategy is a process with techniques to guide customers about better goods and services. ■It helps to increase market share of organisation which lead to target its business objectives. ■It helps to choose right network for distributing goods or services to satisfy customers in terms of their need, expectation and demand. ■There are 7P's of marketing mix which are explained below:
CONTINUE…. ■Product- By launching new product called Coco-cola biscuits gives an additional point for coco-cola to have productivity in biscuit market as well. ■Price- Skimming price strategy is used by Coco-cola to set price of products. As a new product Coco-cola biscuits have price according to competitive market analysis. ■Place- Coco-cola uses direct selling distribution network to sell coco-cola biscuits to people. It helps to take feedback from them easily and at instant. ■Promotion- Coco-cola uses social media marketing to advertise Coco-cola biscuit as this is in current trend and fastest way to aware public about the product. ■Process- Coco-cola uses automation techniques to manufacture products in effective and efficient manner. This will bring biscuits in good quality and in same proportion. ■Physical evidence –Packaging of biscuits will be held so that it gathers attention of customers from at distant as well. ■People-Skilled employees will be selected for effective marketing of Coco-cola biscuits. They will focus on face to face selling so that interest toward product will know to employees at same instant.
CONTINUE…. STP ■STP stands for Segmentation, Targeting, Positioning. ■Coco-cola uses demographic segmentation to promote marketing as it is based on age group. It has been analysed that young adults and teenagers are mostly soft drink consumers. ■So to promote Coco-biscuits, It targets again teenagers to avail their product so that popularity among public increases fastly. ■Coco-cola wants to positioned as one of top favourable brands in biscuits and wants to gain trust of customers for lifelong in terms of quality and quantity.
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CONTINUE…. ■BUDGET-Coco-cola planned a budget of £150.00 for coco-cola biscuits. Production£30.00 Distribution£30.00 Promotion£40.00 Rent£20.00 Other variables£30.00 Total£150.00
CONTINUE…. Monitoring and controlling- ■To manufacture Coco-cola biscuits, it needs monitoring over quality of ingredients that used for making biscuits. The material that used for baking biscuits check by quality analyst first and then further proceed to production unit. ■It is also a responsibility of quality analyst to maintain percentage of sugar, fat, carbohydrates, cholesterol so that health conscious people also thinks to have their product. It increases chances of being unique in all favourable competitive brands. ■Theseallovercontrollingofprocessisdoneautomaticallythroughindustrial automation techniques due to which whole process can be controlled on over control panel only and to detect the fault becomes easier.
M4MarketingplanofCocoCola ■The marketing plan will help company to track down their sales and target that is been set in initial time and then monitoring it in proper terms. ■The marketing plan is having specified aim as company want to introduceCoco-cola Biscuitsinto market which their target will be teenagers. ■For them it is very much important that company is tracking marketing plan so that results could be generated according to plan only.
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REFERENCES ■Dietrich,T.,2017.SegmentationinSocialMarketing:FiveStepstoSuccess. InSegmentation in Social Marketing(pp. 77-92). Springer, Singapore. ■Du, F. and et.al., 2018, April. Interactive campaign planning for marketing analysts. InExtended Abstracts of the 2018 CHI Conference on Human Factors in Computing Systems(p. LBW006). ACM. ■East, R. and et.al., 2016.Consumer behaviour: Applications in marketing. Sage. ■Garg, S.A. and et.al., 2016. DIRECT AND INDIRECT EFFECTS OF MARKETING MIX ELEMENTS ON SATISFACTION.Academy of Marketing Studies Journal, 20(1).