Case: Kingsford Charcoal Define problem Kingsford is a branch product group of Clorox. The main product of Kingsford is charcoal. The business performance of this brand was good among the competitors‚ but during the recent years‚ it tends to be worse.The marketers of this company are trying to find a way to solve this problem by using the analysis and informations they got which cover many aspects. According to the analysis‚ the biggest competitor of Kingsford is Royal Oak and Private Label
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this report‚ we will be analyzing the current performance of Kingsford in the marketplace and identify the main cause of revenue deterioration. Thereafter‚ a comprehensive strategy and marketing plan will be presented. We will begin with identifying current business orientation of Kingsford. Then‚ we will analyze its position in the marketplace and various external forces. In-depth analysis on the strengths and weaknesses of Kingsford is done to have a clearer picture on what should be done to
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Kingsford Charcoal‚ founded in 1920 by Henry Ford and E.G Kingford‚ produces high quality charcoal and accounts for roughly 9% of Clorox revenues‚ which is its parent company. Its main competitors in the charcoal market are Private Label brands and Royal Oak; and faces heavy competition from gas grills as substitutes for charcoal grilling. In addition‚ with declining growth‚ seasonal sales pattern‚ and slashed advertising funds‚ from $6 million in 1998 to $1 million in 2000‚ Kingsford has encountered
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Case Study Analysis: Kingsford Charcoal | MGMT 563 Marketing Management September 18‚ 2012 | Cheryl Banks‚ Jacqueline Robinson‚ Mabel Tsahey‚ Stephanie White | History Charcoal grilling is an American tradition that brings communities together through a shared celebration of food. An important aspect of grilling is food preparation and charcoal is used to heat and cook food. Established in the 1920’s by Henry Ford and his relative E.G. Kingsford‚ the purpose of charcoal briquettes was to burn
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Kingsford Charcoal Case Alex Lau Marketing Management Professor Wright 3/26/2013 Introduction Grilling is engraved in American culture as well as a highly seasonal activity. Kingsford Charcoal is in the business of selling charcoal for grills. Even though Kingsford increased its market share in 2000‚ their forecast indicates they will not reach the initial revenue mark. With the charcoal market’s growth slowing‚ and the gas grill market gaining market share‚ Kingsford needs to revise its
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recent softening of the charcoal industry and coming up with recommendations to grow the Kingsford Charcoal brand. They faced a series of critical decisions in this task: 1. Pricing – should prices be raised‚ and‚ if so‚ by how much? Should they implement a total line pricing increase or just increase the price of certain products? 2. Advertising – should advertising be increased‚ and by how much? 3. Competition – is Kingsford competing against other charcoal manufacturers‚ gas grills
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Kingsford Charcoal Case Kingsford Charcoal was first started in the 1920’s by the famous Henry Ford‚ he created an innovative idea that used wood scraps to turn into charcoal briquettes that would burn longer and hotter than normal wood‚ a lumberman that was also related to Ford named E.G. Kingsford helped build the first briquettes plant and help get the business started up and commercialized‚ not too soon after it was bought by an investment group then in 1973 it was purchased by a company
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Kingsford charcoal marketing report Kingsford charcoal brand is well known in barbecuing community across United States. Over time‚ it consists in the message communication and marketing strategies to building and maintaining this strong brand image. But in 2000‚ Kingsford faced a decline in sales and the category appeared softer than it had in previous years. This report discusses and analyses the issues that Kingsford had‚ as well as comes out some recommendations to overcoming the softening of
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In terms of a future action plan‚ we feel Kingsford Charcoal should target the market segment identified as Regular Exclusive‚ and select the pricing scenario labeled total line pricing increase. To balance advertising and promotions‚ we propose that Kingsford maintain the forecasted advertising budget‚ while implementing a promotional strategy focused on co-marketing‚ cross-promotions and retailer enticement. Additionally‚ we recommend Kingsford explore offshore options for production (Exhibit
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Assignment title: ANSOFF MATRIX 08/04/2015 Tanju Colak AccountID: 70446465 1 Tanju Colak (70446465) – Betriebswirtschaftliche und volkswirtschaftliche Grundlagen 1. Introduction In 2003‚ the author Lynch suggested that the Ansoff Matrix describes the market and product choices available to a company. In this context products may be determined as items sold to customers and markets as customers. In some cases‚ the Ansoff Matrix is also defined as the market and product matrix. With the help of
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