This report analyzes the brand positioning strategies of three key players in the Australian honey industry and provides recommendations for improvement.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
1 Branding Report Table of Contents Introduction......................................................................................................................................2 Industry analysis..............................................................................................................................2 Competitor analysis.........................................................................................................................3 Recommendations............................................................................................................................5 Application of theory.......................................................................................................................6 Conclusion.......................................................................................................................................7 References........................................................................................................................................8
2 Branding Report Introduction The primary purpose of the paper is to examine the present and future trends of the honey industry in Australia and how it puts an impact on its business operations. It will evaluate existing brand positioning strategies of three key players within the honey industry in Australia. In other words, the paper will compare and analyze the brand positioning strategies of three differentbrandsin Australiaby consideringtheirPoints-of-Parities(POP) and Points-of- Differences (POD). Based on the branding strategies it will also provide recommendations to improve the strategies to gain popularity within the market. Therefore, the paper will discuss the strategies by applying theoretical concepts. Industry analysis Australia is determined to be the fourth largest exporter of honey across the world after Mexico, Argentina, and China. The honey production industry in Australia greatly contributes to the economy of different rural Victorian districts. Currently, the Australian honey industry produces varieties of honey products with unique flavors and high quality. The Australian varieties include red box, stringy-bark, river red gum, grey box, and yellow box1. The Australian honey industry is considered to be a beneficiary which currently owns $100 million and exports 4,500 tons of honey every year. The honey brands of Australia possess an international reputation as it provides developed and quality assurance standards which help gain the trust of the consumers. The popularity of Australian premium honey enhances the export trade. In 2016, Australia exported honey worth $767 million to Asian countries. In the future, the honey industry aims to increase its demand that will help 2,000 commercial beekeepers to find high and new value markets across the world2. In the future, the honey industry in Australia is expecting to employ a 1Wai Jin Lee, Aron O’Cass, and Phyra Sok. "Unpacking brand management superiority: Examining the interplay of brand management capability, brand orientation and formalisation."European Journal of Marketing51, no. 1 (2017): 177-199. 2Kevin Lane Keller, and Tim Oliver Brexendorf. "Strategic Brand Management Process."Handbuch Markenführung(2016): 1-22.
3 Branding Report wide range of talented people in Victoria3. As a result, this will help in implementing innovative strategies to increase honey production. Competitor analysis The honey industry in Australia is following different and unique brand positioning strategy that helps them to enhance their productivity and gain profitability in Australia and across the world4. The brand positioning strategy of honey Australia, Capilano and ALDI are as follows: Honey Australia Honey Australia is determined to be a honey company that possesses its genesis in Mudgee, NSW Australia in the year 1990s. It produces its honey brand namely Honey Australia and distributes Australian bee products and Australian made honey5. The company manufacturers more than300 metrictonsof honeyper year internationallyand nationally.Itaimsto manufacture and distribute the best Australian bee products and honey to the consumers. Honey Australia possess a unique brand positioning strategy that helps them to strengthen its business and enhance product distribution, manufacturing, and development6. The company gives less priority to its Point-of-Parities (POP), whereas, it emphasizes Point-of-Difference (POD) to differentiate themselves from its competitors and provide extraordinary products as compared to the rivals. 3Ravi Pappu, and George Christodoulides. "Defining, measuring and managing brand equity."The Journal of Product and Brand Management26, no. 5 (2017): 433-434. 4Gordon Liu, Chris Chapleo, Wai Wai Ko, and Isaac K. Ngugi. "The role of internal branding in nonprofit brand management: An empirical investigation."Nonprofit and Voluntary Sector Quarterly44, no. 2 (2015): 319-339. 5Rico Piehler, Michael Schade, and Christoph Burmann. "Employees as a second audience: the effect of external communication on internal brand management outcomes."Journal of Brand Management(2018): 1-16. 6Cleopatra Veloutsou, and Francisco Guzman. "The evolution of brand management thinking over the last 25 years as recorded in the Journal of Product and Brand Management."Journal of Product & Brand Management26, no. 1 (2017): 2-12.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4 Branding Report To fulfill the growing need of the customers, it creates certified organic honey. As a result, to provide the best honey products to its customers, the company has implemented unique supply agreements with selected honey producers locally7. It also adopts the marketing penetration strategy that helps the organization to invest for existing consumers to gain additional usage of existing products. In the other, it also follows a market development strategy that helps in involving with additional stores to sell the honey products to other locations. Capilano Capilano Honey Limited was founded in 1953 in Australia that possesses strong values to support beekeepers of Australia. The company has a long-held commitment to consumption of honey, driving consumer awareness, product innovation, and quality assurance. The company comprised of brand development and positioning strategy where the company has invested a huge amount of capital in becoming a low-cost manufacturer of Allowrie honey that builds competitive position within the market. Whereas, based on the marketing sence it has also implemented a repositioning strategy where it has repositioned its honey products to the sports industry as a substitute of energy gel that helped in connecting with different demographic. Based on this strategy the company is positioning itself at all running events and significant cycling and offers customers with the samples of their honey products8. Recently, the Capilano honey has made use of social media into their branding campaigns that help customers to share beauty and honey recipes over Facebook sites9. The company focuses upon both the aspects of POD and POP by understanding the needs of the consumers and provide them products that differ from that of the rivals. ALDI 7Andrea Moretta Tartaglione, Ylenia Cavacece, Giuseppe Russo, and Giuseppe Granata. "A Systematic Mapping Study on Customer Loyalty and Brand Management."Administrative Sciences9, no. 1 (2019): 1-21. 8Burçak Ertimur, and Gokcen Coskuner-Balli. "Navigating the institutional logics of markets: Implications for strategic brand management."Journal of Marketing79, no. 2 (2015): 40-61. 9Adam J. Mills, Christine Pitt, and Sarah Lord Ferguson. "The Relationship between Fake News And Advertising: Brand Management in the Era Of Programmatic Advertising and Prolific Falsehood."Journal of Advertising Research59, no. 1 (2019): 3-8.
5 Branding Report ALDI is a private listed company which is determined to be a supermarket chain that operates its business over 10,000 stores in 20 countries. It aims to provide high-quality products to its customers to fulfill their needs. ALDI possess a unique brand positioning strategy to differentiate itself from the competitors. As a result, it has introduced a new brand proposition campaign namely “Good Different” to make it's honey brand a unique one. The campaign will be shown on television, online, out-of-home and across advertising. On the other hand, the company has also initiated a competitive pricing strategy to offer superior quality honey products to its customers. The company follows both aspects such as POP and POD to reach the satisfaction level by providing high-quality products to its customers10. Based on this aspect it has implemented a unique selling proposition that makes the product different from others. This proposition helps in gaining the trust of the consumers. Based on the analysis it has been observed that Honey Australia, Capilano, and ALDI possess a different and unique brand positioning strategy to satisfy the needs of its customers. The brand development strategy used by Honey Australia and Capilano has made the two brands different from ALDI that helps them to gain profitability within the market. Moreover, it can be seen that the market revenue of Honey Australia has been increased by 5% from that of ALDI and Capilano. Honey Australia focuses upon the aspect of POD to differentiate its honey brand from its competitors, whereas ALDI and Capilano focus upon both the aspects and provides high- quality honey products to its customers11. Recommendations To create an appropriate brand positioning strategy, it is highly recommended that the companies must create a loyal consumer base by building strong relationships with brand persona and identity. Because a brand with a strong personality and imagery could differentiate itself from its competitors. Based on brand development strategies the organizations such as Honey Australia, 10Rose Du Preez, and Michael Thomas Bendixen. "The impact of internal brand management on employee job satisfaction, brand commitment and intention to stay."International Journal of Bank Marketing33, no. 1 (2015): 78-91. 11Laurence Dessart, Cleopatra Veloutsou, and Anna Morgan-Thomas. "Consumer engagement in online brand communities: a social media perspective."Journal of Product & Brand Management24, no. 1 (2015): 28-42.
6 Branding Report Capilano and ALDI must create a brand identity by gaining the trust of the consumers. The branding campaign introduced by Capilano should be made considering the expectations, values, and beliefs of the customers as well as the honey industry. These aspects a vital role in developing and maintaining a unique brand identity. It is strongly recommended that the organizations must consider competitors positioning that puts a direct impact on the sales revenue of the company. The company must always be focused on expanding their brand positioning strategy because a focused brand is always determined to be a powerful brand. The organizations must choose a position for the brand that must be believable and relatable. This will help the customers to get relevant information about the honey brand and make purchasing decisions. Application of theory To implement appropriate brand positioning strategies, it is important to follow corporate branding theory that is considered to be the practice of promoting the brand name. The thinking and activities related to corporate branding differ from services or products. The theory helps the organizations such, Honey Australia, Capilano and ALDI to interact with each other and create products different and unique as compared to the competitors. On the other hand, the theory provides an understanding of the brand communication, brand loyalty, brand strategy and brand equity. The use of the theory puts an impact on different stakeholders of the company based on various aspects such as brand extensions, employment applications, corporate culture and identity, and sponsorship. With the help of this particular theory, branding could incorporate different touchpoints12. The touchpoints involve quality of services or products, advertising stationery, packaging, treatment and training of employees, customer service and logo. As a result, the theory is determined to be a process that creates and maintains a positive perception of the organizations as a brand in the minds of the customers. Therefore, this particular process helps the organizations to set unique identity through marketing campaigns. 12Rico Piehler, Debra Grace, and Christoph Burmann. "Internal brand management: introduction to the special issue and directions for future research." (2018): 197-201.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
7 Branding Report Figure: Corporate branding theory Conclusion ThepaperprovidedananalysisofthehoneyindustryinAustraliaanditsimpacton organizational activities. It has been observed that the Australian honey industry provides superior quality honey products to its huge range of customers in Australia and across the world. It also provided a competitor analysis of Honey Australia, Capilano, and ALDI where all the three brands implement a unique branding strategy to fulfill the needs of the customers and differentiate themselves from the competitors. By applying theory, it discussed the efficiency of the branding strategies. Based on the strategies it provided recommendations to focus upon the brand identity and persona to become successful.
8 Branding Report References Dessart, Laurence, Cleopatra Veloutsou, and Anna Morgan-Thomas. "Consumer engagement in online brand communities: a social media perspective."Journal of Product & Brand Management24, no. 1 (2015): 28-42. Du Preez, Rose, and Michael Thomas Bendixen. "The impact of internal brand management on employeejobsatisfaction,brandcommitmentandintentiontostay."International Journal of Bank Marketing33, no. 1 (2015): 78-91. Ertimur, Burçak, and Gokcen Coskuner-Balli. "Navigating the institutional logics of markets: Implications for strategic brand management."Journal of Marketing79, no. 2 (2015): 40- 61. Keller,KevinLane,andTimOliverBrexendorf."StrategicBrandManagement Process."Handbuch Markenführung(2016): 1-22. Lee, Wai Jin, Aron O’Cass, and Phyra Sok. "Unpacking brand management superiority: Examiningtheinterplayofbrandmanagementcapability,brandorientationand formalisation."European Journal of Marketing51, no. 1 (2017): 177-199. Liu, Gordon, Chris Chapleo, Wai Wai Ko, and Isaac K. Ngugi. "The role of internal branding in nonprofit brand management: An empirical investigation."Nonprofit and Voluntary Sector Quarterly44, no. 2 (2015): 319-339. Mills, Adam J., Christine Pitt, and Sarah Lord Ferguson. "The Relationship between Fake News And Advertising: Brand Management in the Era Of Programmatic Advertising and Prolific Falsehood."Journal of Advertising Research59, no. 1 (2019): 3-8. Pappu,Ravi,andGeorgeChristodoulides."Defining,measuringandmanagingbrand equity."The Journal of Product and Brand Management26, no. 5 (2017): 433-434. Piehler, Rico, Debra Grace, and Christoph Burmann. "Internal brand management: introduction to the special issue and directions for future research." (2018): 197-201.
9 Branding Report Piehler, Rico, Michael Schade, and Christoph Burmann. "Employees as a second audience: the effect of external communication on internal brand management outcomes."Journal of Brand Management(2018): 1-16. Tartaglione, Andrea Moretta, Ylenia Cavacece, Giuseppe Russo, and Giuseppe Granata. "A SystematicMappingStudyonCustomerLoyaltyandBrand Management."Administrative Sciences9, no. 1 (2019): 1-21. Veloutsou, Cleopatra, and Francisco Guzman. "The evolution of brand management thinking overthelast25yearsasrecordedintheJournalofProductandBrand Management."Journal of Product & Brand Management26, no. 1 (2017): 2-12.