This presentation provides a strategic marketing analysis of WARC E45 brand, including market size and trend data, competitor analysis, customer analysis, stakeholder analysis, and key marketing objectives. The presentation also discusses micro and macro factors affecting the brand's functioning.
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Strategic Marketing
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Introduction Strategic marketing is related with formulation of specified objectives in order to achieve it as per the present market analysis. Presently there is evaluation of the case study of WARC E45 brand based on beauty of simplicity.
Market size and trend data: a) Market size and trend data: In the present changing trend of external market there are 74 percent brands who are disappearing very fast. E45 is one such brand that is approx 60 years old. 61 percent of the target market not considering the brand that is leading to downwear spiralling sales.
Competitor analysis Threat of new entrants:There is high threat of new entrants because many customers may consider E45 as the outdated brand. Threat of substitution:There is high threat of substitution which may affect the brand as existing new brands can easily launch some new products that can be substituted by the present customer base. Competitive rivalry:E45 is having a competitive advantage as they are able to develop the positioning and the present changing nature will help in contextualising of the modern world. Bargaining power of suppliers: There is high bargaining power of suppliers because E45 needto manage the present long term relation with their suppliers for the purpose of having long term advantage in the organisation.
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Continue Bargaining power of customers:Customer bargaining power is high as there are many different options available that can easily be substituted in the present situation. For this purpose it becomes important for E45 to focus on using the process of elevating the “straight up skincare” beyond the functional past.
Continue… Political factors:The present Brexit referendum has affected the trade policies which may lead to impact on the present brand transformation aspect of E45. Economic factors:The present covid 19 scenario has lead to shifting preference of people towards essential commodities which may affect the decline in sales for E45.
Micro factors strength:There are some of the factors that includes the present strength of the brand that is related with using its existing brand image. Weakness:The E45 brand is a very old brand that is 60 years back there are some customers who have developed a notion for it as outdated. Threat:E45 is suffering from high threat for its image as a brand not being able to cope up or move along with the changing customer requirements. Opportunities:There is a opportunity of transforming, using of social media marketing as tool for complete transformation of the brand.
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Customer analysis Customer analysis Customer segment of E45 brand includes the target customers who are straight up women. The brand needed someone who is representing the persons who fought for adversity, the main target women includes the women who are having preferences for simplicity and the women who are aspired to become confident in their own skin.
Continue The customer segment that is focussed by the brand includes the women who are having focus on simple skin care routine. It can help in enhancing the focus on things that mattered for such simple women. Complexity is sometimes leading to women being more confused. So E45 is willing to approach a target segment of customers which can transform the present usage of products. The women who are some speciality and are part of the niche market segment. They are focussing on the brand strength and communication is done in a emotional and not in a rational way to understand the broader importance of simplicity.
Stakeholder analysis; Customers:Customers changing purchasing behaviour is also affecting this process. There is need to re contextualist in this changing world, for this E45 is working towards re dress and re formulate to please the new demographic of customers. Government:Government is changing various policies and laws very frequently that may affect the present brand transformation process for E45. Suppliers:E 45 has to maintaining positive long term relations with the suppliers so that they are able to meet the present transformation needs.
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Continue… Key marketing strategic objectives: Based on the above made analysis there are certain strategic marketing objectives that have been set up by E45 as mentioned below: There is focus on brandstrength of “simplicity” as customers arewilling to have less complicated skin care routine that can enhance the focus on things that matter the most. E45 has to develop some brand promotion techniques by use of OOH commutations, social media platforms and television mediums. To transform and change the packaging from “dermatological” to a “straight up skin care routine”. To drive 36 percent increase in their rich range and 6 percent enhancement in the loyalty aspects of the brand. y
Conclusion From the above made analysis it is concluded that there are certain strategic marketing objectives that are to be achieved with respect to overall organisation functioning. There are some micro and macro factors which are affecting the present functioning of the brand.
References Chandra, M., 2019. Strategic Marketing of Educational Services and Consumer Behaviour. NOLEGEIN- Journal of Leadership & Strategic Management, pp.1-6. Morgan, N.A., Whitler, K.A., Feng, H. and Chari, S., 2019. Research in marketing strategy. Journal of the Academy of Marketing Science, 47(1), pp.4-29. David, M.E., David, F.R. and David, F.R., 2017. The quantitative strategic planning matrix: a new marketing tool. Journal of strategic Marketing, 25(4), pp.342-352. Eriksson, T., Robertson, J. and Näppä, A., 2020. Functional top management teams and marketing organization: exploring strategic decision-making. Journal of Strategic Marketing, pp.1-18.
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