This document provides a tutorial assignment on competitor analysis in marketing. It discusses the strengths and weaknesses of direct and indirect competitors in the industry. The document also includes rankings and justifications for each competitor. References are provided for further reading.
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Running head:MARKETING Marketing Name of student Name of University Author note
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1MARKETING Tutorial Assignment 3 – Competitor Analysis Name: _____________________________________________Student ID: ___________________________________ Assignment Product Category: __________________________Company/ Brand/ Product: ______________________ Competitor (Ranked)Direct/ Indirect Competitor StrengthsCompetitor Weaknesses 1)Black Dog BreweryDirectThe brewery is one of the most popular and established businesses that introduced newandrarebreedsofbrewinNew Zealand. The business has adopted the local unique cultureandmadesuretocatertothe drinkinghabitsofpeople,furthermore influence them to make purchases of beer and other drinks consistently, made clients enjoyanunforgettableholiday experience1. Thethreatsofsubstituteproductslikeother draughtbeersavailableatlesserpriceshave influenced buying behaviours of consumers. The level of dependence on the suppliers of raw materials sis extremely high Thefocusonsustainablebusinesshas enabledalternativestocraftbeerand developedapositivebrandimagethat There has been inappropriate pricing strategies due to the currency fluctuations3 Poor marketing techniques resulted in poor brand 1Czinkota, Michael R., and Ilkka A. Ronkainen.International marketing. Cengage Learning, 2013.
2MARKETING people can enjoy. Thecrossbredbrewsavailableat Wellington’sCBDdistricthasfurther encouragedmorepeopletovisitthe breweryandcreatescopesforbusiness expansion too. Wicked range of merchandise available for purchase with the beer2 awareness Justification of rank: Black Dog Brewery provides craft beer, which is something different from that of the other breweries and businesses that supply beers and other alcohol items. The main aim has been to create something unique and innovative, which can allow for attainment of sustainable goals and thus it has been ranked 1st according to the business influence on Tui Brewery. 2)FortuneFavours Brewery DirectOneofthefastestgrowingbrewery companies in NZ that has adopted the local culture and restored the existing industrial building into a new brewpub Thebrewerysellsnotonlybeerand High dependence on suppliers could often be the cause of its downfall, which might deteriorate the business manufacturing and production process efficiency 2Griffith, David A., and Jessica J. Hoppner. "Global marketing managers: Improving global marketing strategy through soft skill development."International Marketing Review30.1 (2013): 21-41. 3De Mooij, Marieke.Global marketing and advertising: Understanding cultural paradoxes. SAGE Publications Limited, 2018.
3MARKETING alcohol items, but also food to fulfil the tastes and preferences of clients The company has a good relationship with the suppliers along with good amounts of financial resources Poor sustainable management and not focusing the sustainable development goals could lead to poor brand image and reputation Theboldapproachhasfacilitatedthe organisational structure and thus bars and food venues are surrounding the place with the aim to attract more consumers4 Brand exposure and innovative approaches have established positive brand image 1.Competition by rivalries in business poses serious threats to the company 2.Thepricewarsandinconsistentpricingof productsandservicescouldbethecauseof reduction in market share for Fortune Favours Brewery when compared with Tui Brewery Justification of rank: The business has been ranked as 3, because though the business structure and aims are different from Tui Brewery, still the focus on corporate social responsibilities has facilitated the positive brand name and spread awareness among clients too. 3)SpeightsIndirectA popular brewery in New Zealand that hasmanagedpromotionalbrandingto Unstableeconomicconditionshavemadethe business face regional risks 4Jin, Jian, Ping Ji, and Rui Gu. "Identifying comparative customer requirements from product online reviews for competitor analysis."Engineering Applications of Artificial Intelligence49 (2016): 61-73.
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4MARKETING become a real southern man, which shows that the southern culture has been adopted Theoptimisationofvaluechainhas allowedforworkingindependently towardsvariousstrategiesrelatedto growthanddevelopmentwithinthe brewery sector5 Withthepresenceofhighperformance businesses, most of the shares have been eaten by the companies within the specific sector Thecompany’spartnershipwith communitiesandlocalcharitiesinthe locationhascontributedtothe improvement of livelihoods of people Poormarketingstrategiesandavailabilityof similar kinds of products in the market could reduce sales revenue Justification of rank Speights is an indirect competitors and has been ranked 4rd because of the differentiation strategies and focus on community welfare, which could influence Tui Brewery to do similar things and target new customers for the accomplishment of growth objectives in the future. 4)Garage ProjectDirect The products are rich in taste that boost of aromas of tropical fruits that can be paired Lack of coordination and collaborative working among employees within the workplace 5Peattie, Ken, and F. Belz.Sustainability marketing: A global perspective. John Wiley and Sons, 2013.
5MARKETING with meat and cheese to cater the needs of non-drinkers as well GoodStrategicpartnershipssmalland medium sized organisations has expanded market growth opportunities6. The brewery has grown consistentlysince 2011, with 660% annual growth and the distribution of products in Australia, NZ, California, Sweden, etc. The high competition resulted in limited brand presence and exposure among the clients Justification of rank: Garage Project is ranked 2nd, because of its extensive distribution facilities and strategic partnerships formed, which has been influential to success of the company and the same can be effective for Tui Brewery too. 5)Three Boys BreweryIndirectDistinguishablelabelfeaturesthethree eight pointed stars, which facilitated the product differentiation largely The delivery of personalised services has The presence of high performing brewery businesses has created little scopes for Three Boys Brewery to attain business benefits properly7. 6Sargeant, Adrian, and IAN MACQUILLIN. "Marketing for nonprofit organisations."The Marketing Book. Routledge, 2016. 555-576. 7Czinkota, Michael R., and Ilkka A. Ronkainen.International marketing. Cengage Learning, 2013.
6MARKETING helped in combining both alcohol items andfooditemstoensurecustomer satisfaction Highersalesrevenueandconsistent revenue generation Justification of rank: Three Boys Brewery is an indirect competitors and has been ranked 5th in terms of its influence on the organisation. The business has managed good product differentiation with proper labelling features, though the presence of large brewery businesses has created difficulty for the business to sustain. References Czinkota, Michael R., and Ilkka A. Ronkainen.International marketing. Cengage Learning, 2013. De Mooij, Marieke.Global marketing and advertising: Understanding cultural paradoxes. SAGE Publications Limited, 2018. Griffith, David A., and Jessica J. Hoppner. "Global marketing managers: Improving global marketing strategy through soft skill development."International Marketing Review30.1 (2013): 21-41.
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7MARKETING Jin, Jian, Ping Ji, and Rui Gu. "Identifying comparative customer requirements from product online reviews for competitor analysis."Engineering Applications of Artificial Intelligence49 (2016): 61-73. Peattie, Ken, and F. Belz.Sustainability marketing: A global perspective. John Wiley and Sons, 2013. Sargeant, Adrian, and IAN MACQUILLIN. "Marketing for nonprofit organisations."The Marketing Book. Routledge, 2016. 555-576.