Strategic Marketing Analysis of Nando's Restaurant: UK Market Focus
VerifiedAdded on 2023/02/03
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Report
AI Summary
This report provides a comprehensive analysis of Nando's marketing strategies, focusing on its application of the marketing mix (product, price, place, promotion, people, process, and physical evidence) to achieve its business goals. The report examines Nando's adaptation and standardization of the marketing mix in the UK market, including the introduction of new products like Churrasco BBQ marinade and Peri-Peri BBQ sauce. Furthermore, it delves into Nando's Customer-Based Brand Equity (CBBE) model, outlining how the restaurant builds brand identity, meaning, response, and resonance to foster customer loyalty. The report also explores Nando's Integrated Marketing Communications (IMC) approach, including promotional tools, customer experience, and brand focus, along with the advantages of IMC. Finally, the report discusses the methods used to measure marketing success, such as conversion rates and customer lifetime value. The analysis incorporates relevant references to support the findings.
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