Marketing of Arnott’s Brand: Segmentation, Persuasion, and IMC Practices
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This report provides an insight into marketing of Arnott’s brand of Australia. It focuses on segmentation, persuasion, analysis of current advertisement and IMC practices.
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Running head: MKT 202 Mkt 202 Name of the Student: Name of the University: Author Note:
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1MKT 202 Executive Summary: The report provides an insight into marketing of Arnott’s brand of Australia. It is an iconic brand responsible for supplying bread, pies and biscuits to the local people. The report focuses on segmentation, persuasion, analysis of current advertisement and IMC practices
2MKT 202 Table of Contents Segmentation...................................................................................................................................3 Seven Tools of Persuasion Analysis:...............................................................................................4 Analysis of Current Advertisement.................................................................................................5 Current IMC Practices.....................................................................................................................6 References:......................................................................................................................................8
3MKT 202 Segmentation The Arnott’s brand of biscuits controlled close to 56 percent of the market with past years witnessing an increase in the demand for premium quality biscuits (arnotts.com 2018). The target market of Arnott’s biscuits is meant for enjoying in several occasions. The brand targets the niche higher-class market for illustrating quality and prestige. The brand initially targeted the women. However, it repositioned itself in the middle of 2003 with varied campaigns for targeting different market. This helped the business in brand in segmenting the market for clearly identifyingthepotentialcustomers.Arnott’sbrandundertookgeographic,demographic, psychographic and behavioral segmentation. 1. Geographic Segmentation:The Arnott’s brand is available nationwide in various supermarkets. Moreover, the brand pays special attention to specific regions such as the highly populated metropolitan areas that have a greater range and quality of the product. 2. Demographic Segmentation: The targeted age of Arnott’s brand did not differ from original product position but special attention allotted for attracting males and children. This is achievedthroughintroducingandadaptingnewerlines.Inotherwords,Arnott’sbrand represented one of the premium biscuits targeted towards medium and higher income group. 3. Psychographic Segmentation:In this type of segmentation, the Arnott’s brand of gourmet biscuits divided the market into the segments based on the varied attitudes, values, personality traits, lifestyles and interest of consumers. This helps the brand to engage in marketing and product design in focused manner.
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4MKT 202 4. Behavioral Segmentation: To undertake this type of segmentation Arnott divided the market into homogeneous group based on the buying behavior of the customer. This type of segmentation is based on the customer buying patterns as if brand loyalty, usage frequency, required benefits and loyalty. Seven Tools of Persuasion Analysis: The seven tools for persuasion analysis include (Cho 2015): 1. Alter Casting:Altercasting have two branches tact and manded. The later refers to a more direct means of alter casting while tact represented passive and subtle. Arnott’s brand of biscuits can opt for tact alter casting as it would help the brand in incorporating the benefits of the service to the tag line or the landing page for appealing to the target audience. Alter casting works best when the company’s benefits and goals remains reflected in a less glorified manner. 2. AAB Pattern:This involves making a statement (A), then presenting an agreeable statement (A) and finally turning both the statements on the head for stating something contradictory(B) thereby persuading the consumers to buy. If adopted, the Arnott brand this type of persuasion helps in establishing the brand and the overall energy of the company. 3. Golden Handcuffs:This refers to the little giveaways, freebies or the promos that encourages and engages the consumers in checking out products. Another golden handcuff method lies in pricing. The brand can use this means of persuasion means to make the consumers more likely in making a purchase as the customers believe that they are getting a deal even before the purchase is made.
5MKT 202 4. Isolation:This refers to the technique of persuading groups of people through manipulation and presenting one side of the story.Arnott’s brand can adopt the means of isolation through one-way thinking, emotions and information control. 5. Greater Purpose:This method of persuasion is used in the television advertising. Studies have put forward that commercial with higher drama stirs lots of emotions. The gourmet biscuit brand from Australia stirs many emotions that inspire the customers in doing things in actuality. 6. Thought Shopping:This method of persuasion relies on attractingthe attention of the customers through creative, odd and thought provocative methods. The method involves some sort of distraction for generating engagement. Provided the Arnott’s brand adopts this method, it needs to be riveting enough for drawing the attention of customers for a good length of time. 7. Hashtag:This refers to using words holding special meaning for turning the product into viral sensation (Stathopoulou et al. 2017). When applied for the gourmet brand of biscuit this strategy works well provided there is something catchy enough that holds true for different campaigns. Analysis of Current Advertisement Irrespective of the advertising medium, there are six components of advertising that includes, an eye catching and clear headline, description of the good value, attractive offer comprising of time sensitive discount and logical reasoning, reasons behind instantaneous reply along with understandable and clear direction for the customer to follow (Moriarty et al. 2014).
6MKT 202 Arnott’s biscuits urged the people in coming together and celebrating the moments by putting across a message that the biscuits are meant for sharing (arnotts.com 2018). This advertisement remains backed with a voice over mentioning how people are losing focus over little things in such a busy schedule and shifting their interest more towards the pixel. The biscuit brand also created a 30-second advertisement of a young couple feeding scotch finger to each other while their baby remains asleep in the couch. The brand had a tagline of having no substitutes. Current IMC Practices Product Arnott’s brand has certain perennial favorites like Mint Slice, Tim Tams, Jatz and Iced Vo Vos(arnotts.com 2018). The brand produces complete range of biscuits including plain, chocolate, biscuit, fruit and cream. The brand also makes salted snacks items like the crisp breads, chips and crackers. Place The brand serves the customers across Australia. Besides, it also places the product in higher standard stores. Price The Arnott brand of biscuit is available at AUS3.50 for serving best interest of the potential customers. Promotion
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7MKT 202 Arnott’sbiscuitsaimatintroducingitsproductsthroughinternetandtelevision advertisements (Festa et al. 2016). It is required for the company to get involved in the online promotions through the social networking sites. Product of the brand does not apply to children below the age of 12 until the products advertised represented healthier dietary choices, healthier lifestyle and good dietary habits. The current segments of the Arnott’s brand using the Roy Morgan value segment puts forward a powerful tool of marketing that helps in accurately pinpointing the target market. The segments include (McKeown 2016): Basic needs: For making life simpler Fairer Deal: For promoting the security of the family and the friends Traditional Family Life: For winning the trust, care and respect of the family members Conventional Family Life: For winning the affection and love of the family members For Looking at Myself: For enjoying life, having fun and avoiding responsibility Looking Forward to Something Better: For making more money and getting a bigger and better deal Ensuring Conservation: To save money, feel secured and cut cost Young Optimism: For building relationships and being healthy and fit Visibility in achievement: To be known as the source of the authority and power Being Socially Aware: For setting the trend and be internationally astute.
8MKT 202
9MKT 202 References: arnotts.com 2018. [online] Available at: https://www.arnotts.com/about-arnotts/ [Accessed 21 Dec. 2018]. arnotts.com 2018. [online] Available at: https://www.arnotts.com/products/ [Accessed 21 Dec. 2018]. arnotts.com 2018. [online] Available at: https://www.arnotts.com/products/iced-vovo/ [Accessed 21 Dec. 2018]. Cho, Y.N., 2015. Different shades of green consciousness: The interplay of sustainability labeling and environmental impact on product evaluations.Journal of business ethics,128(1), pp.73-82. Festa, G, Cuomo, MT, Metallo, G & Festa, A 2016, 'The (r)evolution of wine marketing mix: From the 4Ps to the 4Es', Journal of Business Research, vol. 69, no. 5, pp. 1550-1555. McKeown, T., 2016. A consilience framework: Revealing hidden features of the independent contractor.Journal of Management & Organization,22(6), pp.779-796. Moriarty, S., Mitchell, N.D., Wells, W.D., Crawford, R., Brennan, L. and Spence-Stone, R., 2014.Advertising: Principles and practice. Pearson Australia. Stathopoulou, A., Borel, L., Christodoulides, G. and West, D., 2017. Consumer branded# hashtagengagement:cancreativityinTVadvertisinginfluencehashtag engagement?.Psychology & Marketing,34(4), pp.448-462.