Market Evaluation and Analysis for Effective Strategic Planning

The given assignment highlights the significance of conducting market evaluation and analysis to develop effective strategic plans. It involves evaluating strengths and weaknesses using the marketing mix and identifying brand equity through the CBBE method. The IMC approach is also discussed for communicating messages to large audiences. Various tools are mentioned to measure success rates, emphasizing the importance of these methods in achieving competitive advantage.

Strategic Marketing

EXECUTIVE SUMMARY
Strategies market is a method through which a company can can differentiate itself from
their competitors. It is based on the company's strength by which they provide better services and
products to their customers in effective manner as compare to the their competitors. In this
regard Adidas Company is going to launch a new product at American marketplace. The product
is which is going to introduce is running shoes that is made up of plastics wastes like straws and
bottles. It includes strategies through respective company can effectively launch their new
products and earn profitability.
Table of Contents

INTRODUCTION...........................................................................................................................4
Adaptation and standardisation of marketing mix..................................................................4
CBBE Model..........................................................................................................................5
Integrated Communication Mix and method..........................................................................6
Measurement of success.........................................................................................................7
RECOMMENDATION...................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Strategic marketing refers to the method by which an organisation appropriately
distinguish themselves from their competitors. It is based on its strength of both type current and
potential which help company in providing better products and services as compare to its
competitors (Cadogan, 2012). This assignment is based on Adidas, which is founded in July
1924 by Adolf Dassler. It is a multinational organisation whose headquarter is in
Herzogenaurach, Germany which design and manufacture cloth, accessories and shoes related to
sports. Respective company going to launchakanksha.kumari new variety of shoes in American
marketplace. Topics explained in this report are marketing mix, CBBE model and integrated
communication mix and its method. Along-with this it explain measures which respective
company can take to be successful.
Adaptation and standardisation of marketing mix
Marketing mix refers to the method of keeping the right products and services or
combination of both at a right place, at right time and at right price which help a company in
attracting their target audiences (Wardrop and Robertson, 2015). Effective marketing mix plays
an essential role in succession of a business unit because by it they can develop their strength and
avoid weaknesses and so on. Marketing mix represent by 4 P's ( product, price, place and
promotion) which is for marketing and 7 P's (product, price, place, promotion, people, process
and physical environment) which is for service marketing.
Adidas which is a sportswear company planning to launch new product in American
market. The new shoes variety which is launch by respective company is made up of waste
materials like plastics bottles and straws. These running shoes are ultra comfortable, light weight,
stylish and friendly for environment. Adidas plan to launch these shoes in American market
because Americans are more attracted towards new technology and unique products. For market
evaluation respective company use 7 P's of marketing mix which is explain below:-
Product- The respective company sells huge range of sportswear like clothing,
accessories and shoes. Now they are introducing new shoes which is made up of waste plastics
material which have several features like-
 It is ultra comfortable and light weighted running shoes .

 It is stylish and come in two colours: white with pale, purplish and light blue and navy or
light blue. It has knit upper facility which help in flow of air and keep feet form get overheating.
Price- Adidas is a one of the reputed sportswear brand which serve their products
worldwide (Aghazadeh, 2014). They offer their products range at pricing rate that based on
product quality. According to new launch running shoes which is made of waste plastics are
available at $200 per pair in American marketplace.
Place- Adidas serves their products and services in worldwide market on different prices
rate. For launching new variety of shoes that is made of plastics waste, the respective company
basically target on American marketplace. Reason behind launching new product in respective
country is that, audiences of this country are more attracted to new innovation and technology
and they more likely to buy products which has unique feature.
Promotion- For launching new range of shoes respective company use various attractive
promotional platform such as social media, print media, Tv advertising and so on. Social media
channel include various channel such as Instagram, Facebook, You Tube, Twitter and many
more and by it they can easily reach and attract more customers.
People- For respective product Adidas hire employees and then provide training to them
so that they do their task in effective and appropriate manner. They hire staff which are hard-
working, knowledgable, experienced etc. which help them in achieving their goal in effective
manner.
Process- The respective company user waste plastics materials for manufacturing process
which reduces cost of production. Adidas design process plan which is easy to execute and
reduce cost of production.
Physical evidence- The physical evidence which is design by Adidas for respective
running shoes attract customers and encourage them to buy product. For this they design
ambience and interiors related to the products.
CBBE Model
Customer based brand equity model is also know as Keller's brand equity model and it
help business unit in creating brand stake by understanding customers and applying strategies
respectively (Mahajan and Kashmiri, 2015). If there is effective connection and communication
among customers and company it will result in positive and appropriate brand equity and provide

wide advantage to the company. In CBBE model there are four steps which is represent in
pyramid with four fundamental questions which customers will ask related to the brand.
Explanation of CBBE mode in respect to Adidas is given below:-
Step 1- Brand Identity- Who are you?
Adidas is a multinational corporation which offer their products and services in
worldwide market. They provide variety of sports footwear, sports accessories, personal care
products and clothing. The products provided by respective company are of high quality. A
company can improve their brand equity by improving their advertising and mode of
communication with customers.
Step 2- Brand Meaning- What are you?
This step include two elements that are performance and imagery of a company. The
performance of Adidas is consider as effective and best. They provide good quality sports
products which is reliable, sustainable and durable (Gordon and French, 2012). For effective
imagery respective company associate with successful and popular sportsmen and take part in
sports events like world cup.
Step 3- Brand Response- What do I think or feel, about you?
Respective step also include two factors that is judgement and feeling. Judgement of
customers in respect to Adidas is they provide high quality products in affordable price. Sports
wear and shoes of respective company are of best quality and durable. Associated feeling with
Adidas is that it provide excitement, fun and self respect.
Step 4- Brand Resonance- How much of a connection would I like to have with you?
It refer to the resonance of Adidas with their customers. For which respective company
provide facility of online chat through which customers and athletes can contact to company and
share their feeling, problems and issues related to the products.
Integrated Communication Mix and method
Integrated marketing communication is refers to the method which ensure that all type of
communication and messages are linked or connected together carefully (McLean, 20122). It is
refers to the combination of promotional tools so they work together in a effective manner. The
IMC is beneficial for Adidas in following manner:-
 Increase brand awareness- By doing effective IMC respective company can enhance
brand awareness and loyalty of customers their company. By using this Adidas con covey

same message to large potential end users which attract and encourage them for buy the
products.
 Customers Satisfaction- When Adidas effectively doing IMC they will connect with
customers by using promotional channels like social media. Through which customers
feel connected towards the company and feel satisfy with their services.
Their are various marketing communication methods which help company in reaching
their potential target customers. Some major of them which is use by Adidas are given below:-
Advertising- It refers to the method of communication marketing which is in paid form
of representing ideas, products or services (Katsikea and Kehagias, 2015). It is most effective
ways which help respective organisation in reaching huge audiences in short time period. Their
are several advertising mode which Adidas can use such as newspaper, television, radio and so
on.
Sales promotion- It refers to the method which is done through by providing discount
coupons, loyalty club, membership coupons, attractive packages, specially designed deals,
incentives and so on. Adidas can use this method because through this they able to attract more
more customers through which they enhance their profit.
Digital marketing- By using digital marketing method a company can connect or
communicate to their end user in effective and appropriate manner. Their are various tools which
respective company can use such as marketing thorough email, text messages, catalogues,
brochures, promotional letters and many more. By this they able to reach customers directly.
Measurement of success
Their are various ways through which a company can evaluate and measure its success
and then make plans and strategies accordingly. Example of measurement tools of success are
sales target, market shares, profitability, returns on investment and so on. By measuring success
of an organisation, their management can make plans and strategies which help them in
improving the future (Theodosiou, 2016). Some major tools use by Adidas for measuring their
success are given below:-
Market share- It refers to the percentage or ration of an industry or total market share
which is attained by an organisation over a particular period of time. The market share of a
company is calculate by taking overall sales of a company within a time period and divide it with

total sale of particular industry in same period of time. By evaluating the market share of the
company Adidas can calculate and identify its percentage of success in the respective industry.
Profitability- It refers to the capabilities of a company to generate or gain profit from
conducting its operations and functions. It another word it represent the ability of a firm to utilize
resources in effective manner so that they can generate profit out of it. Respective company can
calculate its profitability by evaluating two key aspects that are revenues and expenses.
RECOMMENDATION
It can be recommended to Adidas that if they do above mention method and strategies in
effective manner they can achieve goal and objective in effective manner and able to earn more
profit. Respective company can use social media for their advertising camping because by it they
can reach or cover more audiences and customers. Through it they can communicate with their
end users in effective manner and their customers can also share their problems and issues
through social media channel.
CONCLUSION
From the above discussed point it can be conclude that when a company wants to
introduce new products in a any market they have to do market evaluation and analysis. Through
which they can make or design plans and strategies accordingly which help help them in
attaining target in effective manner. By conducting marketing mix a company can evaluate their
strength and weakness in effective manner. When a company want to identify their brand equity
in the marketplace they can conduct CBBE method. A company do IMC method by which they
communicate message to large audiences and there are various tools which are to measure
success rate of a company.

REFERENCES
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