Product Launch Proposal: Business Skills for Sainsbury's Sales Crisis
VerifiedAdded on 2023/04/22
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This document presents a business proposal addressing Sainsbury's sales crisis, which stems from changing customer preferences, increased competition, and low pricing strategies. The proposed solution involves launching a new line of women's wear in London, utilizing segmentation strategies and conducting Porter and PESTLE analyses. The marketing strategy incorporates social media, TV, radio, and print media advertising, with a financial requirement of 5 million euros. The critical evaluation suggests that this product launch will help Sainsbury's regain its market position, leveraging London's market potential and requiring significant marketing investment. The document includes references to support the analysis and proposed strategies. Desklib provides access to similar business proposals and study resources for students.
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