Marketing Essentials: Cadbury's Marketing Mix, Plan, and Analysis

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Added on  2023/02/02

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This report provides a comprehensive analysis of Cadbury's marketing strategies. It begins with a comparison of Cadbury's marketing mix (7Ps: Product, Price, Place, Promotion, People, Physical Evidence, Process) with that of Hershey's, highlighting key differences in product offerings, pricing strategies, distribution channels, and operational processes. The report then delves into Cadbury's strategic marketing plan, including an executive summary focused on organic chocolates. It outlines Cadbury's mission and vision, followed by a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) to assess the company's internal and external environment. Smart objectives, segmentation, targeting, and positioning (STP) strategies, and a PEST analysis (Political, Economic, Social, and Technological factors) are presented to understand the market dynamics. The report concludes with a discussion of the marketing mix for the new organic chocolate launch, including product specifics, placement strategies, and budget considerations. References to relevant literature are also included to support the analysis.
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Marketing Essential (Activity 2)
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Cover Content
Introduction
Comparison of marketing mix
Evaluation of Marketing mix
Strategic marketing plan
Conclusion
References
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Introduction
Marketing is a process which emphasizes on the needs and wants
of customers and designing and produce a product accordingly.
Present presentation will discuss about a marketing plan along
with Marketing mix which is a set of activities and that is used
by firms for promoting their products and brand in the
marketplace. In other words, it is a strategy of firm in which they
provide right products at right time, at right place and to the right
person.
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Comparison of Marketing Mix
This strategy or technique is used by each firm for getting
success in the marketplace. Marketing mix comprises of 7Ps
which comprises Products, price, place, promotion, people,
physical evidence and process and always assists the firm to
compete their competitors. Marketing mix of Cadbury is
very much differ from their main rival Hershey's company
which also engages in same sector. This difference can be
explained better in a tabular format, that is defined in next
slides.
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Comparison of Marketing mix between Cadbury
and Hershey's
Factors Cadbury The Hershey's
Company
Product Cadbury is known as the
second largest confectionery
firm across the world. It also
offers a huge variety of
products like dairy milk, Oreo,
Dinky deckers, fudge minis
etc.
Company is also considered
as the popular brand across
the world which is also
engages in same sector. It
offers chocolates, sauces,
soups etc. there are various
kinds of products offered by
the firm in different shapes.
Company has produced
different and unique products
due to making modifications
in existing products.
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Continue..
Price Price is the main factor which
plays a very important part in
capturing the marketplace.
Company offers a wide
variety of products along with
different prices and prices of
firm are very lower than
comparison of others so they
have opportunity to attract a
large number of customers so
that strong brand image will
be build in the mindset of
customers.
Hershey is known as the
premium brand in food and
beverages sector. Prices of
all products are generally
high in comparison of
Cadbury. For e.g. company
charges on their chocolate
products of around 3 euros.
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Source evaluation
Place Cadbury perform its business
functions in more than 50
nations across the world and
they always try to sell their
products in supermarkets and
local shops so that a good
customer base can be created
in the marketplace. Whereas,
cadbury has also started
selling their products on
online platform so that large
market area can be covered in
small time period.
Hershey's is operating its
functions in across 60
nations they have covered
more market area than the
cadbury. Furthermore,
company also provides
products on online channel
so that more area can be
captured by them. They have
opened their outlets in main
cities of these nations so that
customers can feel their
specialised offerings.
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Process Cadbury uses lean
management and six sigma
techniques while
manufacturing their products.
Main objective behind this is
to produce the product in a
wide quantity so that customer
can easily find their products
in marketplace.
Hershey also uses Kaizen for
improving the process while
producing the products due to which
their products are considered as the
top quality in comparison of their
rivals. Their supply chain
management is also effective
because of which they have created
their strong market presence across
the 60 nations.
Physical evidence Cadbury uses mostly blue
colour in their products so that
customers can easily identify
the product and purchase
accordingly.
Whereas, Hershey's uses brown
colour in packaging of their products
so that customers can easily attract
towards quality products of firm.
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Evaluation of Marketing mix
Marketing is an important tool which assists the firm in
formation of strategies and policies so that business
objectives can be achieved in a given time-frame. For
analysis, management of Cadbury have considered 7p's of
marketing mix for setting their objectives. As per the
difference of marketing mix of Cadbury and Hershey's it can
be said that prices of Cadbury are very low than the Hershey's
and managers of Cadbury have also started online platforms
for promoting their products. All these factors together helps
the management of Cadbury in achievement of their preset
objectives.
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Strategic Marketing Plan
Executive Summary: Cadbury has made a marketing plan for
organic chocolates to provide customers with accurate information
as well as to aware customers about its unique features. The Swot
and PEST analysis is done to study the strength and weaknesses of
the firm as well as threat and opportunities are also mentioned so,
that loop hole can be improved and financial loss can be reduced.
Here, company is planning to launch a organic chocolate in the
market for its customers.
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Mission,vision and background information of
firm
Mission of Cadbury: The mission states that “Quality means
Cadbury, this is our promise. Firms brand image and status lie on
it's quality product and customers satisfaction as well as the
promises made to come up with innovate product on continuous
basis in the market”.
Vision of Cadbury: “Joining hands together to build brands
people love”
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SWOT OF CADBURY
Cadbury company uses SWOT (Strength, weaknesses,
Opportunities and Threat) analysis to study competitors position
in the market and make strategic plans accordingly to capture
market share.
Strength: Cadbury is the world's leading industry in chocolates
and also has presence in 160 or more countries.
Weaknesses: The major issue faced by the organization is the
rural distribution in India has wider rural diaspore which can be
covered.
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