MARKETING MANAGEMENT Name of the University Name of the Product of the University
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Running head: MARKETING MANAGEMENT MARKETING MANAGEMENT Name of the student Name of the university Author note
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1MARKETING MANAGEMENT Section 1: Marketing Plan and Sales Strategy 1. Introduction The marketing mechanisms that are adhered by the organization assist the same in attracting the attention of most of the customers. Suitable positioning of the products in the market is dependent on identification of the needs of the customers. In this relation, the organizationFruity Colawill undertake a marketing activity in order to make the customers aware of the carbonated yet fruity soft drinks to the health conscious customers in US. The discussion will enumerate the target market of the business and the market competition that will be encountered by the business. The research will also enumerate the marketing vehicles that will be utilized by the organization for marketing the key product offering of the same. 2. Target market of the organization The delineation of the target market helps an organization in supporting the efficiency of positioning the products as per the needs and preferences of the customers (Bonnet & Réquillart, 2013). The concerned organization,Fruity Cola,will target the consumer group within the age of 12-30 years. The age group, especially the youths who are enthusiasts in consuming healthy beverages with a tinge of different tastes will assistthe organization in undertaking different experiments on the product range. The organization will be developing different range of products in order to attract the attention of majority of the customers. It will also help the organization in supportingthe efficiency of the operation as per the needs of the business. The product that will be proposed by the organization will target unisex customers, which will assist the business in enhancing the sales volume through maximization of the customer base. The organization will be targeting the medium and high income customer groups for targeting and
2MARKETING MANAGEMENT positioning their products. The organization will target the audience who has achieved a primary education degree in order to make them aware of the competitive advantage provided by the product offerings. The organization will be targeting an audience range among the radius of twenty-five miles. The identification of the radius on which the organization will be undertaking the activities will assist the same in supporting the efficiency of the marketing activities that are planned by the same. 3. Market competition faced by the business Theconcernedorganizationwillbefacingahugecompetitioninthesoftdrink manufacturing industry in US. The main competitors of the organization will be Gatorade, Red Bull, Coca-Cola Company and PepsiCo (World Health Organization., 2012). The market holdings of the competitors and the loyal customer base held by the same will be affecting the capabilities of the concerned organization while positioning the product offerings in the market. On the other hand, the switching tastes of the customers and their inclination towards healthy beverages will assistthe organization in supportingthe efficiency of the operation as per the needs of the target customers (Schudson, 2013). 4. Strategy for overcoming the market competition The strategy that will be enumerated by the organization in order to respond to the market competition is dependent on the value proposed by the same as per the needs of the customers (Hansen & Walden, 2013). The proposition of healthy beverages will assist the organization in supportingthe efficiency of the operations in a highly competitive market structure (Ayob& Dana, 2017). The organization will undertake aProduct Differentiation strategyfor developing the range of healthy beverages, which will help the same in attracting the attention of the youths. The strategy will assistthe organization in supportingthe efficiency of the marketing
3MARKETING MANAGEMENT capabilities while operating in diverse global markets . Trihatmoko(2018) stated that the developments in the line of products and services and differentiation of the same helps an organization in adhering to the different tastes and preferences of the customers. Therefore, the product differentiation strategy of the concerned organization will assistthe same in attracting the attention of the target customers. 5. Message to be communicated Themessagethatwillbedevelopedby theorganizationwillbe focusedonthe delineation ofFive F's of Liferelated to Faith, Fitness, Family, Friends and Finance. The message that will be communicated by the organization will be based on making the target audience aware of the unique propositions that are made by the business. The organization’s message will be: “Enhanced healthy carbonated drinks with the essence of real fruits.” 6. Marketing vehicles that will be utilized by the organization The marketing vehicles that will be utilized by the organization while promoting the range of carbonated fruity beverage is through the utilization of social media platforms like Facebook, twitter and Instagram. It will assist the organization in maximizing the impact of the promotional practices while making the target consumers aware of the offerings. On the other hand, the organization will also facilitate pop- up advertisements and direct advertisements through events in order to ensure suitable communication of their message to the target range of consumers.
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4MARKETING MANAGEMENT References Ayob, A. H., & Dana, L. P. (2017). Product Strategies for Export Ventures: An Empirical Investigation among SMEs in an Emerging Economy.Jurnal Pengurusan (UKM Journal of Management),50. Bonnet, C., & Réquillart, V. (2013). Tax incidence with strategic firms in the soft drink market.Journal of Public Economics,106, 77-88. Hansen, J. M., & Walden, E. (2013). The role of restrictiveness of use in determining ethical and legal awareness of unauthorized file sharing.Journal of the Association for Information Systems,14(9), 521-549. Schudson, M. (2013).Advertising, the uneasy persuasion (RLE Advertising): Its dubious impact on American society. Routledge. Trihatmoko, R. A. (2018).Structure of Channel Management and Agency Theory: Relationship Marketing Approach for Fast Moving Consumer Goods (FMCG) Business(Doctoral dissertation, Andalas University). World Health Organization. (2012). A framework for implementing the set of recommendations on the marketing of foods and non-alcoholic beverages to children.