Marketing Management Assignment KFC
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Marketing and Management
Marketing and Management
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Marketing and Management 1
Executive summary
The report throws light on the marketing and management of the KFC which is based in New
Zealand. The report includes the current market environment, for a company the market
environment consists of internal and external market environment. There is a critical evaluation
of the external market environment of KFC NZ.
Marketing strategies play a vital role in the business who deals with an international market.
These marketing strategies include the segmentation, targeting, and position; KFC decides which
segments to whom they can offer the product or services. The company decides target to which
they want to target on a primary basis and the stated for the position of a company.
Marketing mix analysis includes 4p’s of the company, this analysis talks about the combination
of factors that can create an impact on the decision of the customers. The budget is estimated
considering the marketing and sales of the company. The marketing controls are discussed in the
report that evaluates the performance in terms of sales, customer and the customer readiness to
buy.
Executive summary
The report throws light on the marketing and management of the KFC which is based in New
Zealand. The report includes the current market environment, for a company the market
environment consists of internal and external market environment. There is a critical evaluation
of the external market environment of KFC NZ.
Marketing strategies play a vital role in the business who deals with an international market.
These marketing strategies include the segmentation, targeting, and position; KFC decides which
segments to whom they can offer the product or services. The company decides target to which
they want to target on a primary basis and the stated for the position of a company.
Marketing mix analysis includes 4p’s of the company, this analysis talks about the combination
of factors that can create an impact on the decision of the customers. The budget is estimated
considering the marketing and sales of the company. The marketing controls are discussed in the
report that evaluates the performance in terms of sales, customer and the customer readiness to
buy.
Marketing and Management 2
Contents
Executive summary.........................................................................................................................1
Introduction......................................................................................................................................5
Brief background of company.....................................................................................................6
History.....................................................................................................................................6
Overview of KFC New Zealand..............................................................................................6
Mission/ Vision........................................................................................................................7
Value and beliefs.....................................................................................................................7
Current goals............................................................................................................................7
Product portfolio of the organization...........................................................................................8
Current market environment............................................................................................................8
Pestle analysis..............................................................................................................................8
P-Political factors.....................................................................................................................9
E- Economic factors................................................................................................................9
S- Social/Cultural factors.......................................................................................................10
T- Technological factors........................................................................................................11
L- Legal factors......................................................................................................................12
E- Environmental factors.......................................................................................................12
Porter’s five forces analysis.......................................................................................................13
Threat of substitutes – High...................................................................................................13
Contents
Executive summary.........................................................................................................................1
Introduction......................................................................................................................................5
Brief background of company.....................................................................................................6
History.....................................................................................................................................6
Overview of KFC New Zealand..............................................................................................6
Mission/ Vision........................................................................................................................7
Value and beliefs.....................................................................................................................7
Current goals............................................................................................................................7
Product portfolio of the organization...........................................................................................8
Current market environment............................................................................................................8
Pestle analysis..............................................................................................................................8
P-Political factors.....................................................................................................................9
E- Economic factors................................................................................................................9
S- Social/Cultural factors.......................................................................................................10
T- Technological factors........................................................................................................11
L- Legal factors......................................................................................................................12
E- Environmental factors.......................................................................................................12
Porter’s five forces analysis.......................................................................................................13
Threat of substitutes – High...................................................................................................13
Marketing and Management 3
Intensity of competitive rivalry – High.................................................................................14
Bargaining power of buyers – Medium.................................................................................14
Bargaining power of the suppliers- Low...............................................................................15
Threat of new entrants- Medium...........................................................................................15
Market situation.............................................................................................................................16
Competitor analysis...................................................................................................................16
Marketing strategies.......................................................................................................................17
Market segmentation analysis....................................................................................................18
Geographic segmentation......................................................................................................18
Demographic segmentation.......................................................................................................18
Psychographic segmentation.................................................................................................19
Behavioural segmentation.....................................................................................................19
Target market analysis...............................................................................................................20
Market positioning analysis.......................................................................................................21
Marketing Mix analysis.................................................................................................................22
Product strategy analysis...........................................................................................................22
Price strategy analysis................................................................................................................23
Place strategy analysis...............................................................................................................23
Promotional strategies analysis..................................................................................................24
Budgets..........................................................................................................................................25
Intensity of competitive rivalry – High.................................................................................14
Bargaining power of buyers – Medium.................................................................................14
Bargaining power of the suppliers- Low...............................................................................15
Threat of new entrants- Medium...........................................................................................15
Market situation.............................................................................................................................16
Competitor analysis...................................................................................................................16
Marketing strategies.......................................................................................................................17
Market segmentation analysis....................................................................................................18
Geographic segmentation......................................................................................................18
Demographic segmentation.......................................................................................................18
Psychographic segmentation.................................................................................................19
Behavioural segmentation.....................................................................................................19
Target market analysis...............................................................................................................20
Market positioning analysis.......................................................................................................21
Marketing Mix analysis.................................................................................................................22
Product strategy analysis...........................................................................................................22
Price strategy analysis................................................................................................................23
Place strategy analysis...............................................................................................................23
Promotional strategies analysis..................................................................................................24
Budgets..........................................................................................................................................25
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Marketing and Management 4
Marketing action plan....................................................................................................................26
Marketing controls.........................................................................................................................28
Conclusion.....................................................................................................................................29
References......................................................................................................................................30
Marketing action plan....................................................................................................................26
Marketing controls.........................................................................................................................28
Conclusion.....................................................................................................................................29
References......................................................................................................................................30
Marketing and Management 5
Introduction
The report talks about the marketing strategies of KFC New Zealand KFC. Each and every
company perform marketing strategies that help the company to achieve the strategic goals of the
company. A KFC New Zealand market strategy along with the environmental analysis is
discussed in the report. The internal, as well as external environment creates an impact on the
working of the company. The role of the marketing manager in the company is to propose the
future marketing strategies of the company which is discussed in the paper. The marketing
strategies are proposed by the manager after analyzing the market of the New Zealand. The
implementation of the strategies needs the estimation of the budget and action plan of the
company which is discussed in the report.
Introduction
The report talks about the marketing strategies of KFC New Zealand KFC. Each and every
company perform marketing strategies that help the company to achieve the strategic goals of the
company. A KFC New Zealand market strategy along with the environmental analysis is
discussed in the report. The internal, as well as external environment creates an impact on the
working of the company. The role of the marketing manager in the company is to propose the
future marketing strategies of the company which is discussed in the paper. The marketing
strategies are proposed by the manager after analyzing the market of the New Zealand. The
implementation of the strategies needs the estimation of the budget and action plan of the
company which is discussed in the report.
Marketing and Management 6
Brief background of company
History
The company came into the existence in the year 1896 in Sander’s family kitchen. The colonel
son of sander's loved to cook after his dad passed away his mother started working and he
himself started cooking food. After performing the experiment with 11 herbs and spices he made
chicken. Gradually he started the business, the quality of the chicken was so good that gradually
he was becoming famous and then he started expanding the business in approximately 600
outlets in US and Canada. This shows the beginning of the KFC; currently, there is availability
of more than 9,000 KFC stores in approximately 86 countries across the world (Restaurants
Brands New Zealand Limited, 2011)
Overview of KFC New Zealand
KFC came in New Zealand in the year 1971; first store opening took place in Auckland with its
original chicken recipe that consists of Kiwis and coated with colonel's famous 11 herbs and
spices. Since then the KFC introduced a huge range of new taste experiences that consists of
Wicked Wings, Hot and Spicy Chicken, Chicken Fillet Burger, Krushers, Twisters, and Quarter
packs which became popular with Kiwis (KFC, 2017).
Brief background of company
History
The company came into the existence in the year 1896 in Sander’s family kitchen. The colonel
son of sander's loved to cook after his dad passed away his mother started working and he
himself started cooking food. After performing the experiment with 11 herbs and spices he made
chicken. Gradually he started the business, the quality of the chicken was so good that gradually
he was becoming famous and then he started expanding the business in approximately 600
outlets in US and Canada. This shows the beginning of the KFC; currently, there is availability
of more than 9,000 KFC stores in approximately 86 countries across the world (Restaurants
Brands New Zealand Limited, 2011)
Overview of KFC New Zealand
KFC came in New Zealand in the year 1971; first store opening took place in Auckland with its
original chicken recipe that consists of Kiwis and coated with colonel's famous 11 herbs and
spices. Since then the KFC introduced a huge range of new taste experiences that consists of
Wicked Wings, Hot and Spicy Chicken, Chicken Fillet Burger, Krushers, Twisters, and Quarter
packs which became popular with Kiwis (KFC, 2017).
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Marketing and Management 7
Mission/ Vision
The company has opened 68 stores in New Zealand and now the company is planning to
transform the stores with special features that include booth seating, outdoor seating, and plasma
screens. The mission for the New Zealand KFC is to update all stores. The vision of the company
is to provide the quality food that satisfies the need of the customers.
Value and beliefs
KFC believes that food safety and quality is a top priority, this is the reason the company
commits to highest standards of food safety and quality.
Nutrition is required, the nutrition strategy that the company emphasis on consist of
nutritional improvement in product ingredients and transparency in product nutrition
(Moeng, 2015).
KFC believes that employees have right to work in safe environment and company
recognizes the importance of employees (KFC, 2017).
Current goals
Each and every organization performs the business activity to accomplish the strategic goals. The
KFC New Zealand aims to provide tasty, health-conscious, and the chicken-based products that
customer can buy again and again. KFC’s objective is to provide the quality food, a hygienic
environment and to maintain the dynamic and positive customer experience. Talking about the
corporate strategy of the company, the aim of the company is to attract more and more customers
towards their outlets so that they can increase the profitability of the company. The major aim of
the company is to expand the business and to grow in the international market.
Mission/ Vision
The company has opened 68 stores in New Zealand and now the company is planning to
transform the stores with special features that include booth seating, outdoor seating, and plasma
screens. The mission for the New Zealand KFC is to update all stores. The vision of the company
is to provide the quality food that satisfies the need of the customers.
Value and beliefs
KFC believes that food safety and quality is a top priority, this is the reason the company
commits to highest standards of food safety and quality.
Nutrition is required, the nutrition strategy that the company emphasis on consist of
nutritional improvement in product ingredients and transparency in product nutrition
(Moeng, 2015).
KFC believes that employees have right to work in safe environment and company
recognizes the importance of employees (KFC, 2017).
Current goals
Each and every organization performs the business activity to accomplish the strategic goals. The
KFC New Zealand aims to provide tasty, health-conscious, and the chicken-based products that
customer can buy again and again. KFC’s objective is to provide the quality food, a hygienic
environment and to maintain the dynamic and positive customer experience. Talking about the
corporate strategy of the company, the aim of the company is to attract more and more customers
towards their outlets so that they can increase the profitability of the company. The major aim of
the company is to expand the business and to grow in the international market.
Marketing and Management 8
Product portfolio of the organization
The KFC Company provide the wide range of products in the market. The major product of the
company is pressure fried chicken with 11 herbs and spices. The large portion of the fried
chicken is served in a cardboard bucket; this is a well-known feature of the chain which was
firstly introduced by Pete Harman in the year 1957. The KFC New Zealand has expanded its
product range, the company has started offering Snacks, Burgers, Toasted Wraps, Chicken, Box
meal, Rice Bowlz, Krushers, share a bucket and much more.
Current market environment
The market environment consists of macro and micro market analysis. In a macro analysis,
Company makes use of Pestle analysis and Porter's five forces analysis.
Pestle analysis
This analysis helps the organization in identifying the external factors that can affect the
working of the organization. KFC Company also gets affected with some of these factors which
are discussed below.
Product portfolio of the organization
The KFC Company provide the wide range of products in the market. The major product of the
company is pressure fried chicken with 11 herbs and spices. The large portion of the fried
chicken is served in a cardboard bucket; this is a well-known feature of the chain which was
firstly introduced by Pete Harman in the year 1957. The KFC New Zealand has expanded its
product range, the company has started offering Snacks, Burgers, Toasted Wraps, Chicken, Box
meal, Rice Bowlz, Krushers, share a bucket and much more.
Current market environment
The market environment consists of macro and micro market analysis. In a macro analysis,
Company makes use of Pestle analysis and Porter's five forces analysis.
Pestle analysis
This analysis helps the organization in identifying the external factors that can affect the
working of the organization. KFC Company also gets affected with some of these factors which
are discussed below.
Marketing and Management 9
P-Political factors
Trade regulations- KFC provides the services at different places across the world. The
government policies, laws and policies can change the business strategy of the company.
This affects the working of the company and the entry of the company in the different
countries. Across the world, the different government has different laws and regulations
(New Zealand Foreign Affairs and Trade, 2017).
Entry mode regulations- The regulations on the entry mode can affect the entrance of the
company in different countries and company will not be able to expand the business
(McCammon, 2016). The change in the government of any country will bring the
changes in the trade regulations. There is a need for the stability that helps the company
to perform the smooth working.
E- Economic factors
The Economic factors consist of GDP, purchasing power, income, population, and inflation.
Disposable income of the buyers: - Talking about New Zealand, the GDP per capita of
the country is 39,426.62 USD (2016) and the gross national income is 177.7 billion PPP
dollars (2016). The disposable income of the country shows that the people of the country
can afford the prices of the products offered by the KFC. People of New Zealand find it
worth spending amount on KFC, as they are satisfied with the product they are using.
Unemployment rates: - The unemployment rate in March 2017 quarter was 4.9, the
unemployment is growing in a country but with the expansion of the KFC outlets in a
country, there are changes of decline in the unemployment (Kelsey, 2015).
P-Political factors
Trade regulations- KFC provides the services at different places across the world. The
government policies, laws and policies can change the business strategy of the company.
This affects the working of the company and the entry of the company in the different
countries. Across the world, the different government has different laws and regulations
(New Zealand Foreign Affairs and Trade, 2017).
Entry mode regulations- The regulations on the entry mode can affect the entrance of the
company in different countries and company will not be able to expand the business
(McCammon, 2016). The change in the government of any country will bring the
changes in the trade regulations. There is a need for the stability that helps the company
to perform the smooth working.
E- Economic factors
The Economic factors consist of GDP, purchasing power, income, population, and inflation.
Disposable income of the buyers: - Talking about New Zealand, the GDP per capita of
the country is 39,426.62 USD (2016) and the gross national income is 177.7 billion PPP
dollars (2016). The disposable income of the country shows that the people of the country
can afford the prices of the products offered by the KFC. People of New Zealand find it
worth spending amount on KFC, as they are satisfied with the product they are using.
Unemployment rates: - The unemployment rate in March 2017 quarter was 4.9, the
unemployment is growing in a country but with the expansion of the KFC outlets in a
country, there are changes of decline in the unemployment (Kelsey, 2015).
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Marketing and Management 10
S- Social/Cultural factors
The social factors can create an impact on the working of the KFC Company. The products of
KFC are in demand by the people of different age group; the company targets the people having
the age group of 6 to 65.
(Source: McCammon, 2016)
Population demographics- The distribution of wealth is clear with the diagram which
shows that the New Zealand us having the most unevenly distributed over the decade. In
the latest survey of household wealth, New Zealand richest individual in top 10 % held
60% all wealth by the end of 2015. The 40% of the poorest hold the 3% of the wealth and
middle 50% people hold 47% wealth. The company provides the products to the people
having middle and rich class. The company is able to earn the good profit out the New
Zealand outlets (McCammon, 2016).
Lifestyle trends- The lifestyle of the people is not specific for the company like KFC, as
it doesn't target the customers believes in lifestyle, though there is a possibility of the
changes of the target in the near future. Customer behavior can create the negative effect
on the sales of the product of the company. There are many people across the world who
don’t like to eat chicken those people don’t visit the outlets. This depends on the
S- Social/Cultural factors
The social factors can create an impact on the working of the KFC Company. The products of
KFC are in demand by the people of different age group; the company targets the people having
the age group of 6 to 65.
(Source: McCammon, 2016)
Population demographics- The distribution of wealth is clear with the diagram which
shows that the New Zealand us having the most unevenly distributed over the decade. In
the latest survey of household wealth, New Zealand richest individual in top 10 % held
60% all wealth by the end of 2015. The 40% of the poorest hold the 3% of the wealth and
middle 50% people hold 47% wealth. The company provides the products to the people
having middle and rich class. The company is able to earn the good profit out the New
Zealand outlets (McCammon, 2016).
Lifestyle trends- The lifestyle of the people is not specific for the company like KFC, as
it doesn't target the customers believes in lifestyle, though there is a possibility of the
changes of the target in the near future. Customer behavior can create the negative effect
on the sales of the product of the company. There are many people across the world who
don’t like to eat chicken those people don’t visit the outlets. This depends on the
Marketing and Management 11
preference of the customer; most of the people don't like to eat chicken all the time this
shows the buying pattern of the customers. In the near future, it is assumed that more and
more people will like to eat chicken so the demand of the product will increase but it
depends on the customer preferences. This affects the business of the KFC New Zealand
(Hasan, 2013).
T- Technological factors
Technology advancement is enhancing the competition among the food companies.
New technological platforms- The new technological platform use is increasing in the
market. KFC launched a new app which is an ordering and payment app, this app helps
the customers to place the order with the use of the cell phone and customer can make the
online payment. If the customer wants to dine in or take out then they have to check in to
let the employees know they are present in the outlet physically and they don’t want to
wait in the lines. This app was introduced by the KFC because they found due to
technological use many companies tried to stop potential customers to visit the store.
There are many people in New Zealand who want to dine out after work at the nearest
place where they can good food to it; through technology, they can check the nearest
place where they can get the food according to their needs.
New discoveries and innovations- The use of new discoveries and innovation is
becoming important for this business as they want to make the profit and they don’t want
to leave their customers or potential customers (Samnani, 2014). The technology
advancement takes place frequently to face the same KFC New Zealand need to adopt the
technology so that they can keep attracting the customers towards the company.
preference of the customer; most of the people don't like to eat chicken all the time this
shows the buying pattern of the customers. In the near future, it is assumed that more and
more people will like to eat chicken so the demand of the product will increase but it
depends on the customer preferences. This affects the business of the KFC New Zealand
(Hasan, 2013).
T- Technological factors
Technology advancement is enhancing the competition among the food companies.
New technological platforms- The new technological platform use is increasing in the
market. KFC launched a new app which is an ordering and payment app, this app helps
the customers to place the order with the use of the cell phone and customer can make the
online payment. If the customer wants to dine in or take out then they have to check in to
let the employees know they are present in the outlet physically and they don’t want to
wait in the lines. This app was introduced by the KFC because they found due to
technological use many companies tried to stop potential customers to visit the store.
There are many people in New Zealand who want to dine out after work at the nearest
place where they can good food to it; through technology, they can check the nearest
place where they can get the food according to their needs.
New discoveries and innovations- The use of new discoveries and innovation is
becoming important for this business as they want to make the profit and they don’t want
to leave their customers or potential customers (Samnani, 2014). The technology
advancement takes place frequently to face the same KFC New Zealand need to adopt the
technology so that they can keep attracting the customers towards the company.
Marketing and Management 12
L- Legal factors
Trademark- Legal factors include the regulation and the policies of the government that
can be a barrier for the company in overseas. The company uses the patent and the
trademark so that they can protect the cooking recipes from the sealing.
CSR- It is the responsibility of the company to fulfil the corporate social responsibility of
the KFC NZ. If in case the company doesn't follow the legal laws, the company can face
the problems in the working.
E- Environmental factors
Environmental protections laws- Company buys the product for the packaging of the
product that can create the deforestation in the country and can harm the environment.
The company should make sure that they are following the environmental protection
laws; Environment Act 1986, of the country otherwise they have to face the legal actions.
The government created the New Zealand Commission for the Environment, March 1974
(Ministry of Environment, 2017).
Waste Disposal laws- The waste disposal laws; Waste Minimisation Act 2008, need to
be followed by the company because a company is involved in the food and beverage
industry (Hasan, 2013). This disposal of the waste product will show the concern
towards the environment of the company and will lead to the sustainability (Ministry of
Environment, 2017).
Porter’s five forces analysis
The nature of the competition within the industry is must to be identified and evaluated by the
company. The food industry faces the competition and this is the reason KFC New Zealand
wants to evaluate the nature of the competition (Valero, 2016).
L- Legal factors
Trademark- Legal factors include the regulation and the policies of the government that
can be a barrier for the company in overseas. The company uses the patent and the
trademark so that they can protect the cooking recipes from the sealing.
CSR- It is the responsibility of the company to fulfil the corporate social responsibility of
the KFC NZ. If in case the company doesn't follow the legal laws, the company can face
the problems in the working.
E- Environmental factors
Environmental protections laws- Company buys the product for the packaging of the
product that can create the deforestation in the country and can harm the environment.
The company should make sure that they are following the environmental protection
laws; Environment Act 1986, of the country otherwise they have to face the legal actions.
The government created the New Zealand Commission for the Environment, March 1974
(Ministry of Environment, 2017).
Waste Disposal laws- The waste disposal laws; Waste Minimisation Act 2008, need to
be followed by the company because a company is involved in the food and beverage
industry (Hasan, 2013). This disposal of the waste product will show the concern
towards the environment of the company and will lead to the sustainability (Ministry of
Environment, 2017).
Porter’s five forces analysis
The nature of the competition within the industry is must to be identified and evaluated by the
company. The food industry faces the competition and this is the reason KFC New Zealand
wants to evaluate the nature of the competition (Valero, 2016).
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Marketing and Management 13
Threat of substitutes – High
The threat of substitute to the KFC New Zealand is high the reason being that there is an
availability of the international fast food chain which gives the competition to the KFC. For
instance, McDonald is one of the greatest market rivals for KFC. The fast-food restaurants offer
chicken burgers. This is the reason fast food restaurant became popular in the market. To face the
threat of the substitutes KFC Company started providing the extra facilities to the customer who
visits the outlet such as Wi-Fi services and morning services (Alonzi, & Condon, 2015). The
company might face the threat of cost due to which the more by can switch but in this case, the
product offered by the KFC and the competitors so neither they can increase the prices nor they
can reduce the prices because the company knows very well the effect of the cost on the
customers.
Intensity of competitive rivalry – High
The fast food market is having the high intensive competition. KFC definitely faces the high
level of intense competition especially from the other food chains that include McDonald’s. The
high level of competition forces KFC to improve the tools that make sure it competes effectively.
Threat of substitutes – High
The threat of substitute to the KFC New Zealand is high the reason being that there is an
availability of the international fast food chain which gives the competition to the KFC. For
instance, McDonald is one of the greatest market rivals for KFC. The fast-food restaurants offer
chicken burgers. This is the reason fast food restaurant became popular in the market. To face the
threat of the substitutes KFC Company started providing the extra facilities to the customer who
visits the outlet such as Wi-Fi services and morning services (Alonzi, & Condon, 2015). The
company might face the threat of cost due to which the more by can switch but in this case, the
product offered by the KFC and the competitors so neither they can increase the prices nor they
can reduce the prices because the company knows very well the effect of the cost on the
customers.
Intensity of competitive rivalry – High
The fast food market is having the high intensive competition. KFC definitely faces the high
level of intense competition especially from the other food chains that include McDonald’s. The
high level of competition forces KFC to improve the tools that make sure it competes effectively.
Marketing and Management 14
To retain the customers KFC New Zealand has used to retain customers by presenting smart card
for kids that provide the discount in KFC as well as in other outlets Sunway Lagoon, MPH
Bookstore and Zoo Melaka. The size of the competitors is almost same; the strategy is used by
the company to retain the customer. The competitors brand is well-known brand and maintains a
good position in the market. The use of sources by a competitor for performing the activity of
advertisement is similar than KFC.
The KFC believes in providing the fine and standard quality of product talking about the
competitor’s quality of product there is hardly any difference in the quality. Each and every
brand believes in providing the quality products to the customer because this is the only way to
meet the expectation of the customer which leads to the customer satisfaction. The customer
satisfaction leads to the customer loyalty towards the brand, to maintain the customer loyalty
brand provides the rewards and loyalty bonus to customers. In Today’s competitive world what
matters for the company is the strong brand name because of which the company can attract
more of the customers.
Bargaining power of buyers – Medium
The buyers of the KFC products can easily find the other products in competition to KFC. The
consumer can easily visit simple outlets such as McDonald’s, Subway and Pizza Hut. This
enhances the difficulties for KFC to increase prices due to stiff competition from competitors. If
in case the customer finds the rise in the prices then the customer can easily switch to the other
outlet and can easily buy the similar sort of product. This is the reason that company can’t
increase the prices.
There are many buyers to stick to the brand and are being loyal to a brand. It is easy for the
customer to switch on the product if they want there is no role of cost because the similar cost is
To retain the customers KFC New Zealand has used to retain customers by presenting smart card
for kids that provide the discount in KFC as well as in other outlets Sunway Lagoon, MPH
Bookstore and Zoo Melaka. The size of the competitors is almost same; the strategy is used by
the company to retain the customer. The competitors brand is well-known brand and maintains a
good position in the market. The use of sources by a competitor for performing the activity of
advertisement is similar than KFC.
The KFC believes in providing the fine and standard quality of product talking about the
competitor’s quality of product there is hardly any difference in the quality. Each and every
brand believes in providing the quality products to the customer because this is the only way to
meet the expectation of the customer which leads to the customer satisfaction. The customer
satisfaction leads to the customer loyalty towards the brand, to maintain the customer loyalty
brand provides the rewards and loyalty bonus to customers. In Today’s competitive world what
matters for the company is the strong brand name because of which the company can attract
more of the customers.
Bargaining power of buyers – Medium
The buyers of the KFC products can easily find the other products in competition to KFC. The
consumer can easily visit simple outlets such as McDonald’s, Subway and Pizza Hut. This
enhances the difficulties for KFC to increase prices due to stiff competition from competitors. If
in case the customer finds the rise in the prices then the customer can easily switch to the other
outlet and can easily buy the similar sort of product. This is the reason that company can’t
increase the prices.
There are many buyers to stick to the brand and are being loyal to a brand. It is easy for the
customer to switch on the product if they want there is no role of cost because the similar cost is
Marketing and Management 15
kept by the competitors. The KFC is adding services and other products as well so that they will
be able to attract the customer through innovative ways.
Bargaining power of the suppliers- Low
The company has access to many suppliers for their main product chicken. There are numerous
suppliers who can provide chicken to the company. The company can easily switch, the cost of
switching of the suppliers is low (Valero, 2016). The herbs are taken by the company from the
supplier who can provide them unique ingredients for their secret and famous chicken recipe.
The company has a brand name and reputation in the market, this is the reason suppliers contact
the company on their own.
Threat of new entrants- Medium
The fast-food industry is very vast industry; the companies can easily enter into the market but
they need huge investment, marketing, and the product development before entering the market.
If in case any new fast food company exist then also the brand value is strong the product
provided by the company us unique which leads to the loyalty of customers towards the brand.
The product provided by the company is unique in taste and healthy which make it different from
other products.
Market situation
Competitor analysis
In this competitor analysis, there is a description of the strength and weakness of the KFC New
Zealand. It also includes the competitor’s product feature so that company can understand the
requirement of changes in their business (Sidek, & Backhouse, 2014).
kept by the competitors. The KFC is adding services and other products as well so that they will
be able to attract the customer through innovative ways.
Bargaining power of the suppliers- Low
The company has access to many suppliers for their main product chicken. There are numerous
suppliers who can provide chicken to the company. The company can easily switch, the cost of
switching of the suppliers is low (Valero, 2016). The herbs are taken by the company from the
supplier who can provide them unique ingredients for their secret and famous chicken recipe.
The company has a brand name and reputation in the market, this is the reason suppliers contact
the company on their own.
Threat of new entrants- Medium
The fast-food industry is very vast industry; the companies can easily enter into the market but
they need huge investment, marketing, and the product development before entering the market.
If in case any new fast food company exist then also the brand value is strong the product
provided by the company us unique which leads to the loyalty of customers towards the brand.
The product provided by the company is unique in taste and healthy which make it different from
other products.
Market situation
Competitor analysis
In this competitor analysis, there is a description of the strength and weakness of the KFC New
Zealand. It also includes the competitor’s product feature so that company can understand the
requirement of changes in their business (Sidek, & Backhouse, 2014).
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McDonald’s strength and weakness
The strength of the Brand is adding different varieties in their menus such as coffee,
smoothies, chicken burger, veg burger and much more. The company has good brand
value and position in the market.
The weakness of the brand is that they are not able to find the prime location to sell their
products in the market; it is harder to make a profit from the outlets.
Burger king strength and weakness
The strength of the company is differentiation of the products, the strong image in front
of the customer along with the high market penetration.
The weakness of the brand is they have low control on franchising model, this is the
reason the brand is taking time to expand the business (Inam, Janjua, & Malik, 2016).
Competitor Brand Product features/benefits
McDonald’s McDonald’s The company is well known for its burgers, chicken
products provided by the company are adding to the
menu of a company. The beef burgers now available on
its menu along with the four new burgers. Now the
company’s half menu is filled with the products that
include chicken.
Burger King Burger King The Brand is well known for the burgers as it is clear
from its name. The products that are giving competition
McDonald’s strength and weakness
The strength of the Brand is adding different varieties in their menus such as coffee,
smoothies, chicken burger, veg burger and much more. The company has good brand
value and position in the market.
The weakness of the brand is that they are not able to find the prime location to sell their
products in the market; it is harder to make a profit from the outlets.
Burger king strength and weakness
The strength of the company is differentiation of the products, the strong image in front
of the customer along with the high market penetration.
The weakness of the brand is they have low control on franchising model, this is the
reason the brand is taking time to expand the business (Inam, Janjua, & Malik, 2016).
Competitor Brand Product features/benefits
McDonald’s McDonald’s The company is well known for its burgers, chicken
products provided by the company are adding to the
menu of a company. The beef burgers now available on
its menu along with the four new burgers. Now the
company’s half menu is filled with the products that
include chicken.
Burger King Burger King The Brand is well known for the burgers as it is clear
from its name. The products that are giving competition
Marketing and Management 17
to the KFC include Chicken Burger, Chicken fries,
Chicken wings and Chicken Nuggets. Providing
Chicken in different dishes attracts the customers and
gives competition to KFC.
Marketing strategies
Marketing strategies play a vital role in the working of the company. The marketing strategies
consist of the segmentation, targeting, and positioning of KFC considering the external
environment analysis of the company. The future marketing strategies are formed by the
marketing manager of the KFC.
Market segmentation analysis
Geographic segmentation
KFC has outlets internationally and the brand is selling products to fulfill the needs of the
customer. The geographic segmentation consists of nations, states, regions, countries,
neighborhoods, and cities (Nasiopoulos, Sakas, Vlachos, & Mavrogianni, 2015). The KFC New
Zeeland is having approximately 68 outlets in a country but considering the competitor
to the KFC include Chicken Burger, Chicken fries,
Chicken wings and Chicken Nuggets. Providing
Chicken in different dishes attracts the customers and
gives competition to KFC.
Marketing strategies
Marketing strategies play a vital role in the working of the company. The marketing strategies
consist of the segmentation, targeting, and positioning of KFC considering the external
environment analysis of the company. The future marketing strategies are formed by the
marketing manager of the KFC.
Market segmentation analysis
Geographic segmentation
KFC has outlets internationally and the brand is selling products to fulfill the needs of the
customer. The geographic segmentation consists of nations, states, regions, countries,
neighborhoods, and cities (Nasiopoulos, Sakas, Vlachos, & Mavrogianni, 2015). The KFC New
Zeeland is having approximately 68 outlets in a country but considering the competitor
Marketing and Management 18
McDonald’s is having 141 outlets in New Zealand. In the near future, the company is planning to
open more outlets in New Zealand so that they can face the competitors. The opening of new
outlets is not an easy task for the company they need to select the prime location where they
want to open outlets. The prime location is must for the company because this is the only way to
target the most of the population (Khalili, 2014).
Demographic segmentation
The demographic segmentation refers to as the division of a market into different segments based
on age, gender, size, family, income, and other segments.
Age – There is no limit of age on which the company is willing to focus, the company
should maintain this segment as same for the near future. Though, considering the usage
of the products by the target audience, youth is the primary target in the age segment.
Income - The Company is targeting the people who are willing to purchase the product
or having the high purchasing power in New Zealand. The customer to whom the
company is will target include the people belongs to the rich and the middle-income
group people. The low-income group customer will not be able to purchase the products;
on the other hand, the rich people will be satisfied with the availability of the product and
the quality of the product. The preferable income segment for the future will be a high
and medium group.
Psychographic segmentation
The psychographic segmentation is the segmentation which is based on the division of people on
the basis of social class, lifestyle and personality characteristics (Lovelock, & Patterson, 2015).
McDonald’s is having 141 outlets in New Zealand. In the near future, the company is planning to
open more outlets in New Zealand so that they can face the competitors. The opening of new
outlets is not an easy task for the company they need to select the prime location where they
want to open outlets. The prime location is must for the company because this is the only way to
target the most of the population (Khalili, 2014).
Demographic segmentation
The demographic segmentation refers to as the division of a market into different segments based
on age, gender, size, family, income, and other segments.
Age – There is no limit of age on which the company is willing to focus, the company
should maintain this segment as same for the near future. Though, considering the usage
of the products by the target audience, youth is the primary target in the age segment.
Income - The Company is targeting the people who are willing to purchase the product
or having the high purchasing power in New Zealand. The customer to whom the
company is will target include the people belongs to the rich and the middle-income
group people. The low-income group customer will not be able to purchase the products;
on the other hand, the rich people will be satisfied with the availability of the product and
the quality of the product. The preferable income segment for the future will be a high
and medium group.
Psychographic segmentation
The psychographic segmentation is the segmentation which is based on the division of people on
the basis of social class, lifestyle and personality characteristics (Lovelock, & Patterson, 2015).
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Lifestyle - The KFC does not target any people on the basis of lifestyle, the company
says that this is not important that the people who are having a living standard will only
be able to consume the product or will value the brand. It can be anyone, it doesn’t matter
that target audience believes in lifestyle or not (Weinstein, & Cahill, 2014).
Personality- Considering the analysis, there is no need to segment the people on the
basis of the personality.
Behavioural segmentation
This segment is related to Knowledge, attitude, and response to the customer towards the
products of the company. This is the reason this segment include the groups having the
knowledge, attitude towards the brand, response towards the product (Suresh, 2017).
Occasions – The KFC New Zealand welcome their customer on occasions to celebrate
their happiness with the company along with this the company needs to offer some of the
special discount offers on occasion which makes the customer feel special. Though KFC
is doing so, on cricket match company is offering popcorn chicken, on Valentine’s Day
the company offers special discount offers. Similarly, the company should offer the
discount to the customer who celebrates their birthdays and on get together (KFC, 2017).
Loyalty status – Each business want to retain their customer with them, no one is willing
to lose their customers. KFC marketers also target to retain the customers so that they can
grow in the market. The rivals of KFC is increasing day by day in New Zealand market,
to face that company should offer loyalty bonus points only to adults only but to kids
also.
Lifestyle - The KFC does not target any people on the basis of lifestyle, the company
says that this is not important that the people who are having a living standard will only
be able to consume the product or will value the brand. It can be anyone, it doesn’t matter
that target audience believes in lifestyle or not (Weinstein, & Cahill, 2014).
Personality- Considering the analysis, there is no need to segment the people on the
basis of the personality.
Behavioural segmentation
This segment is related to Knowledge, attitude, and response to the customer towards the
products of the company. This is the reason this segment include the groups having the
knowledge, attitude towards the brand, response towards the product (Suresh, 2017).
Occasions – The KFC New Zealand welcome their customer on occasions to celebrate
their happiness with the company along with this the company needs to offer some of the
special discount offers on occasion which makes the customer feel special. Though KFC
is doing so, on cricket match company is offering popcorn chicken, on Valentine’s Day
the company offers special discount offers. Similarly, the company should offer the
discount to the customer who celebrates their birthdays and on get together (KFC, 2017).
Loyalty status – Each business want to retain their customer with them, no one is willing
to lose their customers. KFC marketers also target to retain the customers so that they can
grow in the market. The rivals of KFC is increasing day by day in New Zealand market,
to face that company should offer loyalty bonus points only to adults only but to kids
also.
Marketing and Management 20
Target market analysis
A target market is a particular group of customer or segment of a customer at which the products
and services are aimed at the company. The above discussed are the segments that are offered to
the KFC, the company can emphasis on any target market from which the company will be able
to make the maximum of the profit. Considering the analysis, each and every customer is
valuable for the company (Harrington, et.al. 2017).
There are different target market strategies such as undifferentiated, differentiated, concentrated
and micro marketing targeting. These strategies can be followed by the companies but it totally
varies from company to company along with that it varies from a market in which the company
is having outlets. The KFC New Zealand can use the undifferentiated theory of targeting
strategy. The undifferentiated targeting strategy is mostly used by the companies who want to
communicate the benefits of the product to everyone not even to any specific segment
(Weinstein, 2014). The KFC should follow the same strategy to appeal for their products in the
market to everyone not only to any particular segment.
Each and every business in the competitive world wants to earn revenue out of the business. The
KFC products are available for all segments; the company doesn't need to target any of the
specific segments of the people. The products provided by the KFC is not for any particular
segment but they are available for all the target audience to whom the company can offer their
products to attracts more and more customer and this is a way to enhance the profitability along
with market share.
Target market analysis
A target market is a particular group of customer or segment of a customer at which the products
and services are aimed at the company. The above discussed are the segments that are offered to
the KFC, the company can emphasis on any target market from which the company will be able
to make the maximum of the profit. Considering the analysis, each and every customer is
valuable for the company (Harrington, et.al. 2017).
There are different target market strategies such as undifferentiated, differentiated, concentrated
and micro marketing targeting. These strategies can be followed by the companies but it totally
varies from company to company along with that it varies from a market in which the company
is having outlets. The KFC New Zealand can use the undifferentiated theory of targeting
strategy. The undifferentiated targeting strategy is mostly used by the companies who want to
communicate the benefits of the product to everyone not even to any specific segment
(Weinstein, 2014). The KFC should follow the same strategy to appeal for their products in the
market to everyone not only to any particular segment.
Each and every business in the competitive world wants to earn revenue out of the business. The
KFC products are available for all segments; the company doesn't need to target any of the
specific segments of the people. The products provided by the KFC is not for any particular
segment but they are available for all the target audience to whom the company can offer their
products to attracts more and more customer and this is a way to enhance the profitability along
with market share.
Marketing and Management 21
Market positioning analysis
The positioning is arranging for a product to occupy a space in the marketplace. The positioning
occurs after the target segment is decided by the marketing manager of the company. It is must to
decide how it separates its market offering for targeted segments (Grant, 2016). KFC is not
targeting to the particular segment but it is offering its products or services to a large number of
audience. It is must maintain the unique selling proposition of company this will help to form the
position in the marketplace. The unique selling proposition of the company consists of quality of
the products that are provided to the customers, additional services such as Wi-Fi, discount
coupons and availability of the product in morning, availability of app (KFC, 2017). The
company is maintaining the position with high quality and moderated process of a product in
New Zealand.
The KFC New Zealand is having a competitive advantage that is helping the company to form a
place or position in the market. The company is having a smooth and effective supply chain and
distribution system that helps the company to make the product available to the customers. The
secret recipe of KFC is a major competitive advantage of the company along with different
spices used by the company. KFC focus is only on chicken which is different from the
competitors, the competitor McDonald focuses on the burgers. The company is providing the
highly values benefits to the customer as compared to the competitors.
Marketing Mix analysis
The marketing mix is a combination of the factors that are controlled by the company to
influence the customers so that they can purchase the product of the company. The marketing
Market positioning analysis
The positioning is arranging for a product to occupy a space in the marketplace. The positioning
occurs after the target segment is decided by the marketing manager of the company. It is must to
decide how it separates its market offering for targeted segments (Grant, 2016). KFC is not
targeting to the particular segment but it is offering its products or services to a large number of
audience. It is must maintain the unique selling proposition of company this will help to form the
position in the marketplace. The unique selling proposition of the company consists of quality of
the products that are provided to the customers, additional services such as Wi-Fi, discount
coupons and availability of the product in morning, availability of app (KFC, 2017). The
company is maintaining the position with high quality and moderated process of a product in
New Zealand.
The KFC New Zealand is having a competitive advantage that is helping the company to form a
place or position in the market. The company is having a smooth and effective supply chain and
distribution system that helps the company to make the product available to the customers. The
secret recipe of KFC is a major competitive advantage of the company along with different
spices used by the company. KFC focus is only on chicken which is different from the
competitors, the competitor McDonald focuses on the burgers. The company is providing the
highly values benefits to the customer as compared to the competitors.
Marketing Mix analysis
The marketing mix is a combination of the factors that are controlled by the company to
influence the customers so that they can purchase the product of the company. The marketing
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Marketing and Management 22
mix strategy consists of product, price, place, and promotion strategy of the company
(Armstrong, Adam, Denize, & Kotler, 2014).
Product strategy analysis
The product that the company is offering to its customer is mainly chicken. Chicken is the core
product that is demanded by the buyers of KFC. The company provides a fried chicken in
different forms to the customers of the New Zealand (Lee, Conklin, Cranage, & Lee, 2014).
Packaging- The packaging of the KFC is selected by the marketing manager considering the
performance against the heat retention, moisture removal, and grease absorption. The packaging
of the KFC is adapted to maximize the performance considering the three criteria’s.
Brand- Brand identity is identified with properties, presentations, product, and publications. The
people of New Zealand have positive impression of KFC because this brand has satisfied the
needs of the customers.
KFC do provide benefits to the customers that can be in the form of the infrastructure facilities,
internet accessibility, and discount coupons to special customers.
mix strategy consists of product, price, place, and promotion strategy of the company
(Armstrong, Adam, Denize, & Kotler, 2014).
Product strategy analysis
The product that the company is offering to its customer is mainly chicken. Chicken is the core
product that is demanded by the buyers of KFC. The company provides a fried chicken in
different forms to the customers of the New Zealand (Lee, Conklin, Cranage, & Lee, 2014).
Packaging- The packaging of the KFC is selected by the marketing manager considering the
performance against the heat retention, moisture removal, and grease absorption. The packaging
of the KFC is adapted to maximize the performance considering the three criteria’s.
Brand- Brand identity is identified with properties, presentations, product, and publications. The
people of New Zealand have positive impression of KFC because this brand has satisfied the
needs of the customers.
KFC do provide benefits to the customers that can be in the form of the infrastructure facilities,
internet accessibility, and discount coupons to special customers.
Marketing and Management 23
Price strategy analysis
The pricing strategy plays a vital role for the company; this is the only way with the help of
which the company will be able to make the profitability. KFC New Zealand needs to use market
skimming pricing strategy and it is suggested by the marketing manager of the company. In this
pricing strategy, the company keeps the high prices and KFC targets the middle to upper-class
people. Gradually the KFC trickle down the prices considering the competitors of KFC.
According to the marketing manager, the price of any product is equal to cost plus desirable
profit (West, Ford, & Ibrahim, 2015). Though, the company keeps changing the price
considering the exchange rate, inflation and tax policies of New Zealand.
Place strategy analysis
The marketing manager of the KFC Company makes sure that they provide the products and
services at a maximum number of outlets in New Zealand. This is the reason that the company
should follow the intensive place strategy. The intensive distribution strategy shows the
availability of the product at all outlets available in the market. The KFC wants to provide their
products in a maximum number of outlets available in New Zealand because they want to
enhance the availability of product so that they will be able to retain their customers with them.
This enhances the profit of the company along with the brand awareness which leads to the good
market share.
Promotional strategies analysis
Promotion strategies play a vital role for business because this is the only way to communicate to
the target audience about the product that the company is offering. The promotion can be done
by KFC in Different ways (Hoffmann, 2014).
Price strategy analysis
The pricing strategy plays a vital role for the company; this is the only way with the help of
which the company will be able to make the profitability. KFC New Zealand needs to use market
skimming pricing strategy and it is suggested by the marketing manager of the company. In this
pricing strategy, the company keeps the high prices and KFC targets the middle to upper-class
people. Gradually the KFC trickle down the prices considering the competitors of KFC.
According to the marketing manager, the price of any product is equal to cost plus desirable
profit (West, Ford, & Ibrahim, 2015). Though, the company keeps changing the price
considering the exchange rate, inflation and tax policies of New Zealand.
Place strategy analysis
The marketing manager of the KFC Company makes sure that they provide the products and
services at a maximum number of outlets in New Zealand. This is the reason that the company
should follow the intensive place strategy. The intensive distribution strategy shows the
availability of the product at all outlets available in the market. The KFC wants to provide their
products in a maximum number of outlets available in New Zealand because they want to
enhance the availability of product so that they will be able to retain their customers with them.
This enhances the profit of the company along with the brand awareness which leads to the good
market share.
Promotional strategies analysis
Promotion strategies play a vital role for business because this is the only way to communicate to
the target audience about the product that the company is offering. The promotion can be done
by KFC in Different ways (Hoffmann, 2014).
Marketing and Management 24
Sales promotion - KFC should make use of sales promotion, the outlets of KFC should offer
various coupons to buy chicken from their outlets. This will promote the sales of the company,
more and more customer visit the stores to buy the chicken. The company provides the details
related to the offer going on in outlets through an advertisement that can be online or through
print media (Subhasis, & Kannan, 2015).
Public relations - The Company is not just restaurants which provide the quality food products
to the customer but KFC also believes in a socially conscious corporate citizen. The company is
involved in promoting and funding to communities. To enhance the relationship with the citizen
company should conduct different training classes and seminars in New Zealand.
Online and social media marketing – The company need to perform the promotion activity
through online and social media promotional activity. This is the way to make the people aware
about the company’s profile and products introduced by the company. An online advertisement
about the offers and products make the customer attracted towards the products (Vinerean,
Cetina, Dumitrescu, & Tichindelean, 2013).
Budgets
A budget is a financial plan that estimates the amount that the company will spend while
conducting the activities (Tiago, & Veríssimo, 2014). The marketing mix budget of the KFC
Company is discussed below.
Marketing Mix
Activities
Items Total
($NZ000’s)
Product Packaging of Product - $ 500 500
Sales promotion - KFC should make use of sales promotion, the outlets of KFC should offer
various coupons to buy chicken from their outlets. This will promote the sales of the company,
more and more customer visit the stores to buy the chicken. The company provides the details
related to the offer going on in outlets through an advertisement that can be online or through
print media (Subhasis, & Kannan, 2015).
Public relations - The Company is not just restaurants which provide the quality food products
to the customer but KFC also believes in a socially conscious corporate citizen. The company is
involved in promoting and funding to communities. To enhance the relationship with the citizen
company should conduct different training classes and seminars in New Zealand.
Online and social media marketing – The company need to perform the promotion activity
through online and social media promotional activity. This is the way to make the people aware
about the company’s profile and products introduced by the company. An online advertisement
about the offers and products make the customer attracted towards the products (Vinerean,
Cetina, Dumitrescu, & Tichindelean, 2013).
Budgets
A budget is a financial plan that estimates the amount that the company will spend while
conducting the activities (Tiago, & Veríssimo, 2014). The marketing mix budget of the KFC
Company is discussed below.
Marketing Mix
Activities
Items Total
($NZ000’s)
Product Packaging of Product - $ 500 500
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Marketing and Management 25
Place Lease of outlets- $ 28,000
Maintenance of place - $ 500
28, 500
Promotion Sales promotion
Coupons and other discounts - $ 400
Public relation
Conducting Seminar and training- $ 300
Funding - $ 500
Online media
Facebook- $ 500
Twitter - $ 600
Instagram - $ 400
Email marketing- $ 300
Sales
promotion- 400
Public relation-
800
Online media-
1800
Total - $ 32,000
The above budget includes the estimation of the amount that the company will spend on
marketing Mix for marketing action plan. The elements such as product, place, and promotion
are included in the budget forecast.
Place Lease of outlets- $ 28,000
Maintenance of place - $ 500
28, 500
Promotion Sales promotion
Coupons and other discounts - $ 400
Public relation
Conducting Seminar and training- $ 300
Funding - $ 500
Online media
Facebook- $ 500
Twitter - $ 600
Instagram - $ 400
Email marketing- $ 300
Sales
promotion- 400
Public relation-
800
Online media-
1800
Total - $ 32,000
The above budget includes the estimation of the amount that the company will spend on
marketing Mix for marketing action plan. The elements such as product, place, and promotion
are included in the budget forecast.
Marketing and Management 26
Marketing action plan
The marketing action plan focuses on the path that is followed by the company to achieve the
goals and objectives of the company. KFC action plan for the year 2018 is discussed below
considering the marketing mix of the company (Rogers, & Davidson, 2015).
Marketing Action Plan for the year 2018
Marketing mix
activities Responsibilities/
Accountabilities
Interdepartmental
support
Timeline Start/
End
Indicative
budget
($NZ000’s)
Product
(Packaging of
the product is
the activity on
which company
need to focus)
Production
department
Packaging manager January 2018-
March 2018 (3
months)
$ 500
Place (lease of
the outlets)
Administrative
department
Property
administrative
manager
January 2018-
December 2018
(1 year)
$ 28,000
Marketing action plan
The marketing action plan focuses on the path that is followed by the company to achieve the
goals and objectives of the company. KFC action plan for the year 2018 is discussed below
considering the marketing mix of the company (Rogers, & Davidson, 2015).
Marketing Action Plan for the year 2018
Marketing mix
activities Responsibilities/
Accountabilities
Interdepartmental
support
Timeline Start/
End
Indicative
budget
($NZ000’s)
Product
(Packaging of
the product is
the activity on
which company
need to focus)
Production
department
Packaging manager January 2018-
March 2018 (3
months)
$ 500
Place (lease of
the outlets)
Administrative
department
Property
administrative
manager
January 2018-
December 2018
(1 year)
$ 28,000
Marketing and Management 27
Promotion (the
activities
include the
promotion of
products and
services through
sales promotion,
public relation,
and online
media)
Marketing
department
General Marketing
manager and
assistant marketing
manager
July 2018-
December 2018
(6 months)
Marketing controls
The marketing controls are used by the company to measure, monitor, and review the
organizations marketing strategies (Smith, 2014).
Sales metrics – The sales metrics are used by the company to measure the data that
monitor to gauge performance and make an adjustment to accomplish the goals of the
company (Lee, & Heppner, 2015). KFC make use of sales metrics to analyze the
performance in sales. After implementing the action plan and promotion activity sales
metrics helps KFC in evaluating the changes took place in the sales of the company.
Customer metrics- The customer metrics is a technique to measure the value of the
customer for the KFC New Zealand. Through, this the KFC can check the customer
satisfaction and customer loyalty towards the brand.
Promotion (the
activities
include the
promotion of
products and
services through
sales promotion,
public relation,
and online
media)
Marketing
department
General Marketing
manager and
assistant marketing
manager
July 2018-
December 2018
(6 months)
Marketing controls
The marketing controls are used by the company to measure, monitor, and review the
organizations marketing strategies (Smith, 2014).
Sales metrics – The sales metrics are used by the company to measure the data that
monitor to gauge performance and make an adjustment to accomplish the goals of the
company (Lee, & Heppner, 2015). KFC make use of sales metrics to analyze the
performance in sales. After implementing the action plan and promotion activity sales
metrics helps KFC in evaluating the changes took place in the sales of the company.
Customer metrics- The customer metrics is a technique to measure the value of the
customer for the KFC New Zealand. Through, this the KFC can check the customer
satisfaction and customer loyalty towards the brand.
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Marketing and Management 28
Customer readiness to buy metrics- This metrics is useful for the KFC so that they can
evaluate the awareness of the brand (Arslanagic-Kalajdzic, & Zabkar, 2015). The target
audience of New Zealand is aware of the benefits of the product, the preference of the
product related to the product and the suitability to the customers.
Customer readiness to buy metrics- This metrics is useful for the KFC so that they can
evaluate the awareness of the brand (Arslanagic-Kalajdzic, & Zabkar, 2015). The target
audience of New Zealand is aware of the benefits of the product, the preference of the
product related to the product and the suitability to the customers.
Marketing and Management 29
Conclusion
The report is based on the current environment critical analysis of the KFC New Zealand. It
includes the proposed future marketing strategies being the marketing manager of the KFC. The
report consists of the external analysis of the KFC New Zealand which can impact the company
decision; the external analysis includes the pestle analysis and the porter’s five forces. This
external analysis helps the company in analyzing the environment and the competitors that affect
the decision of the company. Furthermore, there is a discussion about the market situation and
marketing strategies of the company which includes the segmentation and the target market of
the company.
The report also includes the discussion about the future marketing mix for KFC and the budget
which shows the amount invested by the company. At the end, it includes the marketing plan and
the measurement control through which the KFC will review the performance after the
implementation of a plan.
Conclusion
The report is based on the current environment critical analysis of the KFC New Zealand. It
includes the proposed future marketing strategies being the marketing manager of the KFC. The
report consists of the external analysis of the KFC New Zealand which can impact the company
decision; the external analysis includes the pestle analysis and the porter’s five forces. This
external analysis helps the company in analyzing the environment and the competitors that affect
the decision of the company. Furthermore, there is a discussion about the market situation and
marketing strategies of the company which includes the segmentation and the target market of
the company.
The report also includes the discussion about the future marketing mix for KFC and the budget
which shows the amount invested by the company. At the end, it includes the marketing plan and
the measurement control through which the KFC will review the performance after the
implementation of a plan.
Marketing and Management 30
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Nasiopoulos, D. K., Sakas, D. P., Vlachos, D. S., & Mavrogianni, A. (2015, February).
Modeling of market segmentation for new IT product development. In AIP
Conference Proceedings (Vol. 1644, No. 1, pp. 51-59). AIP.
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https://www.mfat.govt.nz/en/trade/nz-trade-policy/
Restaurants Brands New Zealand Limited. (2011). Annual Report. Viewed on 26th October
2017, http://www.restaurantbrands.co.nz/files/images/2017-annual-report/
Rogers, T., & Davidson, R. (2015). Marketing destinations and venues for conferences,
conventions and business events (Vol. 14). Routledge.
Samnani, A. (2014). Macro-Environmental Factors Effecting Fast Food Industry. Food
Science and Quality Management, 31, 2225-0557.
Sidek, A., & Backhouse, C. (2014). Environmental sustain-ability issues in Malaysian metal
and fabrication SMEs: comparative analysis from a case study perspectives.
Proceedings of the 2014 International Confer-ence on Industrial Engineering and
Operations Management, Bali, Indonesia, 7th, 1653-1662.
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