Marketing Strategy and Plan: Bear Nibble Business Analysis

This report provides a comprehensive marketing strategy and plan for Bear Nibble, a food products company. It begins with an executive summary and introduction, followed by an in-depth external analysis utilizing PESTEL and Porter's Five Forces models to assess the political, economic, social, technological, environmental, and legal factors, as well as the competitive environment. Customer analysis is also performed. An internal analysis, including SWOT analysis, evaluates the company's strengths, weaknesses, opportunities, and threats. The report then synthesizes these analyses to propose strategic recommendations for Bear Nibble, concluding with references to the sources used. The report examines the company's market position, competitors, and potential for growth within the UK's food and beverage industry.

Marketing Strategy and Plan
Bear Nibble

1

Table of Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................1
External Analysis.............................................................................................................................2
Customer Analysis...........................................................................................................................8
Internal Analysis............................................................................................................................10
Conclusion.....................................................................................................................................16
References......................................................................................................................................18
2

Executive Summary
Bear Nibble is known as the smallest organization which provides different products to its
existing customers. The organization operates in different business segments. It provides its
customers with all facilities of better health and low calories in its products. This report mainly
focusing on the feasibility of strategies of Bear Nibbles. Internal and external analysis of the
organization is performed to understand the different internal and external factors which
influence the success of the organization in high context. PESTEL and Porter's five model study
is utilized to understand the different external factors, or SWOT analysis is utilized to understand
the core competencies and opportunities of the organization. Analysis of these factors helpful in
developing and implementing the successful strategies.
Introduction
Bear Nibbles is considered as an organization which is engaged in producing delicious natural
food products such as paws, yoyos, alphabites, and fruit nibbles. The quality of its products
makes it different from the other existing food organizations. It was established during 2009 with
its headquarter in London, GB, and England. In this paper, we will study about the internal and
external analysis of the organization by using different tools. This will help us in suggesting a
better strategic plan for the success of the organization. It is a private organization which is
considered subsidiary of Lotus Bakeries. It offers attractive food options to its customers so that
it can enhance its brand image in the eyes of people. It produced its products with gently baked
fresh fruit, whole grains and vegetables. This will enable the organization to produce health
conscious food with low sugar level. Till now, the organization is earning $17.7 million revenue
which enables it to bring latest innovative and tasty food products. The estimated employees of
3

the organization are approximate 81 which makes it possible to compete in its existing market in
an efficient manner (Rothaermel, 2015). The main competitors of the organization are Mondelez
International, Kellogs, MARS, PepsiCo, and Nestle. It can be said that the dried fruit snacking
category in the UK has been faced a tremendous growth from last some year and benefiting
enlarge the different food products organization in the UK. Therefore, the main challenge in
front of the Bear Nibbles was to create engagement with customers. This will offer the
organization, functional as well as emotional benefits. The UK industry is considered the most
successful industry and is considered the fifth-largest national economy industry in the whole
world. There are a large number of industries contributes towards the economy of the US. It
operates under food and beverages industry of UK which is considered a larger industry as per
the revenue than other industries of the business sectors.
External Analysis
It is necessary to understand the external environment of the organization if it wants to survive
for a long time in its available market. External factors influence the profitability of the
organization in a significant manner (Eden, 2013). It is the key part of the planning of the
organization. The external environment of the Bear Nibbles can be understood by studying
following tools:
PESTEL Analysis
This tool is utilized to understand the macroeconomic factors of the organization which can be
helpful in measuring the external opportunities and threats. Its components are:
Political Analysis
4

Generally, it is considered that the political environment of the UK is highly covered by the
policies and regulations formulated by the government in the country (Rachet, 2014). Great
Britain is considered as a constitutional monarchy for the country. Furthermore, the government
of the country also formulate some defense strategies to regulate the performance of different
types of industries in the country. Constitution monarchy means that the official head of the state
is considered the monarch by her or his powers are limited by the constitution. Political factors
of the state are following:
 Accession of new members
 EU regulations
 Updated laws
Thus, it can be said that government and politics play an important role in the success of a
business organization. The political influence on the food products market is generally not as
pronounced as it is with the other markets. Food product is considered safe products and thus is
not subject to extensive political debate. So, the organization need not to worry about the
influence of the political factors.
Economic Analysis
The economy of the UK is considered the sixth largest economy in the whole world if it
measured by the nominal GDP and eighth largest if it is measured as per the purchasing power.
In the 8th century, the UK was considered the first country in the world to industrialize and the
second industrial revolution in the country and Germany represented a growing economic
challenge to Britain (Martin, 2013). The below mentioned are some economic factors:
 Changes in rate of interest
5

 Attack by terrorist during 2001 influenced all the people of the industry
 People were scared to make investments and travel.
 Sterling and growing strength of Euro is making the economy of the UK very stronger
The economic atmosphere of the country will play a significant role in shaping the failure and
success of the organization. Interest Rate and Unemployment is considered the most influential
factor for the organization. It is because if the rates of interest are too high than the borrowing
cost of the organization enhancing due to which the organization is not able to expand the size of
its business.
Social Analysis
Working in the industries is highly influenced due to the circumstances of the society in which
they operating (Sölvell, 2015). The below mentioned are some social factors:
 Having ageing people in the society of the UK
 Different types of sports, tourism, and leisure activities are available
 The society of the UK permits all types of workers from all over the world.
 The London 2012 helped the country in fostering the identity of the UK.
In addition, it can be said that buying habits and lifestyle factors of social environment
influencing the organization in greater extent. All this happens because sale of food products
depends mostly on the buying habits and requirements of the people.
Technological Analysis
The important thing regarding information technology is to improve the internet technology
influence the economy of the country in a significant manner. The industrial areas of the city
6

utilize internet technology to identify their global customers and also help them in providing the
enough knowledge about the recently developed products which can provide lots of satisfaction
to them (Becker, 2016). Furthermore, the below mentioned are some technological factors:
 High competition among the organizations within the market.
 Most of the people are familiar with the current and prevailing technologies
 Responsive to the current technologies
The invention of new material is considered the important influential technological factor
because the invention can enable the organization to changes the current technology of existing
products. Through doing this, the organization can extend its maturity period and can survive for
a long time in the market.
Environmental Analysis
The physical environment of the country is also a big challenge in front of different operations
organizations in the national market of the country. Generally, the physical environment of the
country may be seen as relatively benign in comparison to the physical environment of the other
countries because it suffers more with the high intensity of natural disasters like forest fires and
earthquake (Dey, 2016). The below mentioned are some environmental factors:
 Changes in climate
 High-level concentration on business sustainability
 More critical standards and expectations on waste disposal.
Finally, it can be stated that the awareness about the environmental aspects stabilize the business
process for a long time through which the organization can generate more profit in its future time
period.
7

Legal Analysis
The environment of the country is highly covered by different legal standards and regulations.
Equal opportunities legislation and various others are specially designed to protect the rights of
individuals and ensure equality both in the recruitment and selection process or the workplace.
The below mentioned are some legal factors:
 Product and Health safety regulations
 Moderate rate of different types of regulatory changes (Davis, 2013)
 Regulation on ingredients of GMO.
When Bear Nibbles conducted overseas, it faces various complicated legal affairs. Through
conducting the worldwide business, the organization is become more familiarize with the other
countries which will help the organization in performing their functions under the specified rules
and regulations of the country.
Likely Issues
Below mentioned table shown the various issues which have a significant impact on the working
of the organization:
Factors Explanation
Belief The firm permanently considers the customer
interests and rights during building a decision
Satisfaction The customer is satisfied with the innovative
product or facility delivered by the firm.
Obligation The firm's wish to preserve long-lasting
8

working relationships.
Internal Business Process Perspective The internal process of business examines
emphasis on processes that will have the
extreme influence on customer satisfaction
and achieving an organization’s financial
objectives (Bigliardi, 2013).
Growth and Learning Perspective The viewpoint of the balanced scorecard,
learning, and growth, identifies the
infrastructure that the organization must shape
to create long-term progress and
improvement.
Customer Perspective The essential consequence measures contain
retention of the customer, new customer
acquirement, customer success, and market
share in targeted market segments.
All these risk factors have a significant influence on the working of the organization. It is
necessary for the management of Bear Nibbles to pay more consideration to these factors. These
could be a threat or an opportunity for the organization. These are threats because in the absence
of proper control on all such factors influence its overall profitability and these are opportunities
because the presence of all factors enables the organization to expand its business and gain a
competitive advantage in its existing market.
Competitive Environment
9

There is huge competition in the food industry of US. The main competitors of Bear Nibbles are
Nestle, Kellogg's, Tyson foods, PepsiCo, and Coca-Cola. All these competitors influence the
strategic position of Bear Nibbles in a greater manner (Galbraith‐Emami, 2013). The competitive
environment of the organization can study effectively by using Porter five forces model.
Porter Five Forces Model
The intensity of rivalry
It is considered that the organization has large rivals in the food and beverage sector. Thus, the
degree of competition forces the organization to develop efficient strategies to maintain its
leadership position in its existing market. In addition, because of the abilities of the high-level
competitive organization, Bear Nibbles formulated different strategic plans to make sure that
they are able to maintain its competitive position in its existing market by being the number one
choice of customers (Porter, 2014).
The threat of substitutes
Bear Nibbles is also aware of the fact that their competitor organization will offer new services
and products in the near future. Availability of these substitute products enforces the
organization to work hard to maintain its position.
The threat of entry
There is a large potential for profits in the food and beverages industry. Due to this, HSBC needs
to face more market entry threats. All these threats play an efficient role in making or breaking
the organization. In this regard, the organization is able to create some entry barriers to
maintaining its competitive position in the market.
10

Supplier Power
It is considered that power of supplier represents the power of buyers. This force of external
analysis is mainly focusing on significant concentration and size of suppliers which is also
related to the different competitors (Dey, 2016). Supplier power force also concentrates on
differentiation level in the materials being supplied by different suppliers.
Buyer Power
Buyer power is considered the most important factor of the microeconomic environment. It
influences the occupation of value formulated by the organization at its marketplace. The main
determinants of this force are customer concentration and size of operations. The organization
has the capability to manage its customers efficiently which permits the organization to gain
customer satisfaction and loyalty.
Competitor Strategy Markets
Served
Financial
Performance
Strengths Weaknesses
PepsiCo Quality
Leadership
UK,
London,
India
Strong Largest
network of
customer
base
Cultural
Flexibility
Nestle Sustaining
brand image
and
Differentiation
UK,
London,
India
Strong Utilization
of modern
technology
Concentration
only a few
segments of
the market.
After studying the porter five forces model and competitor analysis, it can be said that the overall
attractiveness of industry is very large and it will grow at an extreme rate in the near future
11