This document discusses the sustainable marketing practices adopted by Tengri, a leading brand in London. It explores their marketing mix, positioning analysis against competitors, and areas of improvement. The company focuses on eco-friendly products, premium pricing, and partnerships with sustainable partners.
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SUSTAINABLE ARKETING1 Table of Contents Introduction......................................................................................................................................2 Marketing Mix of Tengri.................................................................................................................2 The case and Synthesis of Theory...................................................................................................3 Positioning analysis of Tengri against its competitors....................................................................3 Sustainable Marketing Practices adopted by Tengri.......................................................................4 Are of Improvement in Respect of Sustainable Principles..............................................................4 Conclusion.......................................................................................................................................5
SUSTAINABLE ARKETING2 Introduction Tengri is one of the leading brands in London that is based on winter clothing brand. It is a global, social as well as local business that was founded in the year 2014 by Nancy Johnston. The company obtains their raw material from Magnolia as well as the mountains of the Khangai The company offers variety of products to their consumers in the category of Fibers, Fabrics, as well as yarns. The fibers are majorly made from Mongolian Yak wool. The Company maintains sustainable transparency as well as ethical supply chain to cater their products at larger scale in an effective manner. It is majorly concerned to diversify their products into the fashion as well as lifestyle articles. Such products are purely natural as well as environmental friendly. The company is majorly known for their sustainable practices as well as products (Tengri, 2018). Marketing Mix of Tengri Marketing mix is one of the effective tools to analyze the services provided by the company and in what pattern (Pomering, 2017). The marketing mix of Tengri is explained in below points:
SUSTAINABLE ARKETING3 Product Tengri offers variety of woolen clothes for both men as well as women. Such product is produced by using pure yak wool. The woolen clothes of the company are extremely warm as well as soft as cashmere. The products of the company are hypo allergic, thermal regulating, breathable resist odor as well as water. The products that are offered by the company are hand knitted throw, ribbed and weave socks, classic ribbed scarf, hand knotted sweater, tuck stitch beanie as well as fringed blanket. Price The company has adopted premium pricing method in their business. Their price range of products starts from 165 pounds to 175 ponds as well as throws & blankets starts from 1150 pounds to 1950 ponds. The company does not charge any shipping charges form their consumers (Mostafa, 2016). Place The fiber of Tengri is majorly manufactured from Magnolia as well as Khangai mountains. Moreover, the company also makes collaboration as well as partnership with other different companies to enhance their distribution channels of their products in an effective manner. It has partnership with Savoir beds to produce the finest handcrafted sleep system. The company also partnered with Selfridges to manufacture the high quality fibers in an effective manner. Promotion
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SUSTAINABLE ARKETING4 It is one of the effective tools that is used by the company. The company promoted their produces through their official websites. The company can get any information about the company regarding their products through such official site. The company also used the online platform to target their consumers and they do not charge any shipping amount form their consumers that are the tactic of promoting their products among the consumers (Danilovich, 2018). The case and Synthesis of Theory Products strategy The company follows and delivers ecofriendly products. The green technology is used by the company to maintain sustainability in their business in an effective manner. The products of Tengri help in reducing the pollution as well as also protect the environment in an effective manner. Ecofriendly is one of the new types of products that give an opportunity to the company for its development in the market. Pricing Strategy The company has adopted premium pricing method in their business to offer and deliver high qualityoftheproductstotheirconsumers.Thecompanychargeshighpricethantheir competitors in the market. However, in the recent, the pricing t Tengri falls from 165-1950 ponds as well as the pricing of merino clothing has been falls from 4-594 ponds. It represent that the company has adopted premium pricing strategy in the UK market (Barisitz, 2017). Distribution Strategy
SUSTAINABLE ARKETING5 Under such strategy, the company adopts channel of Business to Business as well as Business to Consumers strategies to sell their products. In the case of B2B strategy, it makes the business with Savoir beds, Selfridges as well as Huntsman. In case of B2C strategy, it sells their products to number of top quality consumers. Promotion Strategy To promote their product, the company has adopted both Above-the-line as well as Below-the- line promotional strategies. In Below-the-line strategy, the company uses the platform of online media to promote their products. In Above-the-line strategy, the company follows the official website of the company as well as digital marketing media (Li and Leonas, 2019). Positioning analysis of Tengri against its competitors There is huge competition in the market for the company. The major competitors of Tengri are Premier Textiles as well as Merino Wool Clothing. Premier Textile is majorly known for their variety of products that they deliver. They are majorly charge high price from the consumers but they have variety of products that satisfy the needs and wants of the consumers. Merino Wool Clothing is majorly known for its low prices as well as high quality products. The company delivers their product at lower prices than Tengri that provide better opportunities for the company to target their consumers in an effective manner. In contrast with, Tengri is known for their high quality products among the consumers and charge high price than their competitor (Kornoukhova, 2018).
SUSTAINABLE ARKETING6 Sustainable Marketing Practices adopted by Tengri Sustainable marketing is one of the effective platforms that is considered as the needs as well as wants foe the organizational stakeholders (Bonn, Cronin Jr and Cho, 2016). It plays a prominent role in attracting the stakeholders in an effective manner. Sustainable marketing include the investment for marketing that help in protecting the natural resources as well as maintain ecological balance (Garg, 2015). The company Tengri is majorly known for their sustainable practices that have been adopted by the company in an effective manner. The principles of sustainable marketing that is majorly used by the company are explained in below points: The company has adopted social as well as fair share business model in their business that create transparency in their business in an effective manner. They have adopted sustainable technology that protects the environment from pollution. The company has sustainability pillar The company also has taken initiatives to make partnership with the sustainable partners to promote sustainable business. The company has adopted innovative sustainable approach in their business Interconnected Sustainability community is maintained by the company in an effective manner. At certain extent, the company has adopted sustainable principles successfully. The company maintains their annual sale of 1, 20,000 pounds to 1, 50,000 pounds in their by-products. The company also used an innovative method for reducing the excess wastage that supports the livelihood of suppliers. Moreover, the company created different partnership contracts as well as build the value of trust among them. The company follows three sustainable pillars economic,
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SUSTAINABLE ARKETING7 pillar, environmental pillar as well as social pillars. They also offer employment opportunities to theacademicstudentsaswellasherdersofMagnolia.Theyusegreentechnologyfor maintaining the sustainable effectiveness in the company a greater level (Mariadoss et al., 2016). Are of Improvement in Respect of Sustainable Principles The company has adopted sustainable marketing principles in an effective manner at a certain extent. Apart from such benefits, there is some area of improvement that is required for the company to focus on as they are explained in below points: Moreover, the company is also required to reduce the usage of Angora Fur in their products. It has been analyze the Angora fiber is not naturally elastic (Moretto, 2018). To enhance the sustainability in their produces, the company should d avoid the use of Angora fiber in their products (Lozano, 2015). The company should also avoid the testing of their products on animals. They should reduce the animal testing rate to zero (Gardetti, 2017). By doing so, the company can able to enhance their goodwill in the market and can take further steps towards the sustainable business in an effective and efficient manner (Ashby, 2016). The company should focus on creating brand awareness among the community by enhancing the level of consumers’ engagement. They need to identify the needs and requirement of the consumers frequently and regularly. The company can also establish referral program software to become more proactive in social media marketing in more effective as well as efficient manner (Bakoglu & Yıldırım, 2016).
SUSTAINABLE ARKETING8 Conclusion From the above analysis it can be concluded that sustainable marketing play a crucial role in the development and growth of any business. One of the leading companies Tengri has adopted sustainable marketing approaches in their business. It made the company more competitive in the market. The company offer variety of products to their consumer by adopting premium pricing method. They promote their products in their websites and online sites that help the company to attract maximum consumers. The company uses sustainable products in their business as well as sustainabletechnologythatmadethecompanymoresustainable.Itattractsmaximum stakeholders towards the company in an effective manner. However, the company is lacking to adopt sustainable practices in some areas that need to be required to be focused by them to enhance their goodwill and made the company more string than their competitors in an effective and efficient manner.
SUSTAINABLE ARKETING9 References Ashby, A. (2016) From global to local: reshoring for sustainability.Operations Management Research,9(3-4), 75-88. Bakoglu, R., & Yıldırım, O. B. A. (2016) The role of sustainability in long term survival of family business: Henokiens revisited.Procedia-Social and Behavioral Sciences,235, 788-796. Barisitz, S. (2017) From the Migration Period to the Pinnacle of Nomadic Power: The Mongol Eurasian Empire. InCentral Asia and the Silk Roadpp. 49-136 Bonn, M. A., Cronin Jr, J. J., and Cho, M. (2016) Do environmental sustainable practices of organicwinesuppliersaffectconsumers’behavioralintentions?Themoderatingroleof trust.Cornell Hospitality Quarterly,57(1), 21-37. Danilovich, M. (2018). The ‘Belt and Road Initiative’in the discourses of the Central Asian states: political rhetoric of growth and academic prognostication.Journal of Chinese Economic and Business Studies,16(3), 293-312. Gardetti, M. Á. (2017) Sustainability in the textile and fashion industries: animal ethics and welfare. InTextiles and Clothing Sustainabilitypp. 47-73 Garg,A.(2015)Greenmarketingforsustainabledevelopment:anindustry perspective.Sustainable Development,23(5), pp.301-316. Kornoukhova, G. G. (2018) Muslim Ethics and the Spirit of Capitalism: The Characteristics of Islamic Entrepreneurship Development in the Russian Empire between the Nineteenth and Early Twentieth Centuries.Social Evolution & History,17(2).
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SUSTAINABLE ARKETING10 Li, J., and Leonas, K. K. (2019) Trends of sustainable development among luxury industry. InSustainable Luxurypp. 107-126 Lozano, R. (2015) A holistic perspective on corporate sustainability drivers.Corporate Social Responsibility and Environmental Management,22(1), 32-44. Mariadoss, B.J., Chi, T., Tansuhaj, P. and Pomirleanu, N. (2016) Influences of firm orientations on sustainable supply chain management.Journal of Business Research,69(9), pp.3406-3414. Moretto, A., Macchion, L., Lion, A., Caniato, F., Danese, P., and Vinelli, A. (2018) Designing a roadmap towards a sustainable supply chain: A focus on the fashion industry.Journal of cleaner production,193, 169-184. Mostafa Al. (2016)Made in Mongolia: Empowering fashion brand Tengri[Online]. Available from:https://www.wearesalt.org/made-in-mongolia-empowering-fashion-brand-tengri/ [Accessed on 12/4/19] Pomering, A. (2017). Marketing for sustainability: Extending the conceptualisation of the marketing mix to drive value for individuals and society at large.Australasian Marketing Journal (AMJ),25(2), 157-165. Tengri.(2018)Uncompromisingsustainablelifestyle[Online].Availablefrom: https://www.tengri.co.uk/ [Accessed on 12/4/19]