Comparison of Marketing Strategies of Cadbury Dairy Milk Bar and Lindt 'Excellence' Milk Chocolate Bar
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This marketing research compares the marketing strategy of Cadbury Dairy Milk Bar and Lindt 'Excellence' Milk Chocolate Bar. The report includes research on their marketing mix strategy and their targeted market.
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MG412 Principles of Marketing
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TABLE OF CONTENTS Executive summary..........................................................................................................................3 INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Comparison of Target Markets....................................................................................................3 Marketing mix..............................................................................................................................4 CONCLUSION AND RECOMMENDATION...............................................................................7 REFERENCES................................................................................................................................8
Executive summary The purpose of conducting this marketing research is to compare the marketing strategy of the given company Cadbury dairy milk bar and Lindt 'excellence' milk chocolate bar. Both company provide good quality of products. This research based on the secondary data and marketing strategy apply by these companies help them to standardize their product and gaining large audience. INTRODUCTION Marketing mainly described as for promoting the company brand and their product to the people and create a brand awareness among the consumers. Nowadays in competitive market company have to be very attentive and apply better market strategy to standardize their product in the market. Cadbury's dairy milk company introduce in a 1824 (Unwrapping Cadbury’s Digital Marketing Strategy and Campaigns – A Case Study,2021). and they have various type of products in dairy milk bars and Lindt 'excellence company introduce in 1845, and they deal in the in chocolate, ice cream. This report includes the research of these companies marketing mix strategy and their targeted market. MAIN BODY Comparison of Target Markets Target market is essential for every company marketing. Company need to gather consumers attention towards their products and select appropriate strategy to achieve their goals. Cadbury's dairy milk target market Target market of Cadbury is people across the globe whether they adult or kids. For e.g., the temptation and bournville the rich chocolate which is mostly consumed by the higher income people. The dairy milk silk chocolates for those people who is addicted to it the people who can not resist it. Company targeted audience is according to their chocolates bars such as for kids; dairy milk, 5star, fuse. Millennialssilk, celebration chocolatesand for adults bournville, temptation. This is the age segmentation for company targeted audience to become the better company and improve their standardization. Company also target their audience through digitally . Company starts a campaign to promote their products online like, dairy milk campaigns, Oreo's
campaign. Cadbury's strategies according their consumer mindsets and country (Liu, and Chang, 2017). Lindt 'excellence' target market Lindt company produces the premium quality chocolates for the people. And company has been offer their chocolates more than 120 countries across the globe. Company target the market according to the people as Australia people love confectionery in snack major sales of the company that is approx 77% of the sales (Lindt Chocolate Company Marketing Plans,2021). The segmentation of the company is according to the age that is 25 to 50 these age group of people love to consumption of chocolates and for gifted toother person and for women also because they buy more chocolates than menand 35to 55 this age group of person mainly buy a chocolate for themselves or for their kids. Company always try to differentiate their brand from other and their competitor. Company ensure their consumer through marketing that they provide people or consumer rich/ premium quality chocolates. Lindt 'excellence' uses psychological segmentation which strategies the depth knowledge of the market. Marketing mix Marketing mixCadbury Dairy Milk BarLindt ‘Excellence’ Milk Chocolate Bar productProductreferstothewantsofthe consumer that they need or want to buy.Companyshouldhavecleared their concept for the company target audience or market where they want to sell their product. Cadbury's dairy milk is very popular brand all over the globe among every agegroupofthepeople.Company create their brand image as a sweet that isessentialforeveryone.In1926 companyintroducethefruit&nut chocolatesandsomanychocolates considered or create by the company Lindt 'excellence' refers to produce a quality premium chocolate. There product include the lindor that was introduced in 1967 like (Marketing mix of Lindt,2019). lindor strawberries&cream lindor fruit collection gift box, etc. Excellence, it offers wide range of chocolates in white, dark, milk and in fruits, nuts like; Excellence roasted hazelnut Excellence crunchy cocoa, etc. Company also made desert baking chocolateswhichcontains70%
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whichlike by people to consumption suchas(MarketingMixofDairy Milk ,2019). DairyMilkBigTasteTriple Choco Sensation Dairy Milk Big Taste Toffee Whole Nut DairyMilkBigTasteTriple Choco Sensation Dairy Milk Big Taste Toffee Whole NutDairy Milk Turkish DairyMilkBigTasteOreo Crunch Dairy Milk Bubbly Dairy Milk with Crunchie Bits Dairy Milk Freddo Dairy Milk Roast Almond Dairy Milk Crackle DairyMilkFruitandNut– made with almonds and raisins Dairy Milk Caramel five star fruit&nut cocoa.Andnosugaradded chocolates lke; Lindt No Sugar Added Milk Chocolate Lindt No Sugar Added Dark Chocolate Andsomanyproductcompany have in the chocolates brand. placePlace refers to the providing customer productsfromwherecustomerwill buy the product. Nowadays, the digital placearetrendingcompanysell product through the digital website of their own or other like amazon. Companyoperatesasmorethan fourhundredandtenchocolates shops all over the globe. Company first start their small confectionery shopinZurichandafterthat companycreatedanichemarket companyoperateswiththeir
Cadburydairymilkisglobalbrand and company sold their products in variouscountriesandcreatebars accordingthecountriespeople preference. Manufacturing of the dairy milk is take place in Ireland, France, Poland. The product is available at all type stores. headquarterswhichislocatedin Switzerland.Companyhad subsidiariesinsomanycountry where theysupply their products andcompanysupplyoverfour continents.Theirproductsonly availableatluxurystores,malls, and lounge. pricePricing strategy is an art and science whichinvolvemarketfactorand evaluations for this company need a knowledgable person. Price refer to the product value why consumer should paythatamountfortheproduct. Pricing decision is very essential for every company. Cadbury has so many products and every product has their ownpricetomeetthecustomer expectation.Companyappliesthe qualitativepricingproductsand reasonable pricing for heir customer which helped the company to satisfy every consumer of the company and with the pricing policy company gain customer trust. Companyadoptedapremium pricing strategy and company does notcareabouttheircompetitor becauseofthepremiumquality they have. Company didn't change price police because people love to buy them. Lindt produces various type of size and shape of product to attracttheircustomer.Company positioneditselfasluxurySwiss chocolates' maker. They only target the audience who can afford their product. People who do not think about the money before buying the product.Companyalsoassured theirloyaltytowardstheir consumerandmaintainedtheir pricing policy with that. promotionPromotion indicates that how company will promote their product and brand image to the audience. For promotion channelforcommunicationtothe Company recognized as well or high brand and they also promote theirproductsinthemarketby applyingthemarketingstartegy.
people or audience for which company targetingisimportant.Likesocial mediamarketing,emailmarketing, television and so many other sources. Nowadays with the help of internet companycaneasilypromotetheir product. Dairy milk has global presence that's why it is important for the company to maketheirpresenceinthemarket accordingtotheiraudience.For effective marketing dairy milk create many slogans and advertisement which recognizedby the people for so many years. Companyadvertisethoughmany wayslikecampaigns,billboards, television,anddigitallythey connect with those people who can buy their products. Their poster's are displayed at the mall and luxury shopsevenonthetrains.Lindts know the impact of the celebrity on the brand that's why they cast roger Federer as their brand ambassador withthismanypeopleinfluence and attract towards the product to buy them. Cadbury's dairy milk company current share market price is 8.50 and Lindt ' excellence' chocolates company have 113,800 share market price, but the difference is majo0r people is know about the Cadbury because of their marketing strategy and their pricing policy for all kind of people can afford their product (Thabit, and Raewf, 2018). CONCLUSION AND RECOMMENDATION 4P's of Cadbury dairy milk and Lindt 'excellence' company help business for achieving their goals and market presence. Pricing policy of the Cadbury gain customer trust and retain customer loyalty towards the company. Both the company invested huge amount in the markting for promote and create awareness in the market for their product. As Cadbury segmentation of the product is for every kind of people and everyone can afford their product and they made their presence of product like every type of shops have their product in their shops whether it can be grocery shop or supermarket. Lindt can also create chocolates for every kind of people to achieve higher performance or goals.
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REFERENCES Books and Journals Liu, H.Y. and Chang, C.C., 2017. Effectiveness of 4Ps creativity teaching for college students: a systematic review and meta-analysis.Creative Education.8(06). p.857. Thabit,T.andRaewf,M.,2018.Theevaluationofmarketingmixelements:Acase study.International Journal of Social Sciences & Educational Studies.4(4). Online Marketing mix of Lindt,2019. [Online]. Available through; <https://www.marketing91.com/marketing-mix-of-lindt/> Marketing Mix of Dairy Milk ,2019. [Online]. Available through; < https://www.marketing91.com/marketing-mix-dairy-milk/> Unwrapping Cadbury’s Digital Marketing Strategy and Campaigns – A Case Study,2021. [Online]. Available through; < https://iide.co/case-studies/cadbury-marketing-strategy/> LindtChocolateCompanyMarketingPlans,2021.[Online].Availablethrough;< https://peachyessay.com/sample-essay/lindt-chocolate-company-marketing-plans/>