Preview

Marketing Approach to Ben Shermann

Best Essays
Open Document
Open Document
3024 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Approach to Ben Shermann
A Report on Marketing Approach and Strategies of Ben Sherman.

← Submitted to: Geoff Lancaster Stuart Francis

By: Majeed Abdul Sheikh B0362RHRH0413

SCHOOL of BUSINESS AND LAW

Table of contents

1. Executive Summary 3

2. Introduction 4

3. Marketing Approach 4

4. Research Objectives 6

5. Research Conclusion 7

6. Personal Observation 8

7. Group Achievement 9

8. Recommendation 10

9. Reference 12

Executive Summary

Ben Sherman a popular fashion brand among the young generation is offering a range of men’s wear. The company has balance marketing mix in its target market. At the moment it’s focus in a specific market segment, which has restricted it product to reach globally as well as increase, it’s market share in such a competitive fashion industry. The company should seek either product oriented strategy in which it should produce such a quality product that will self themselves this strategy is only viable if the product is really superior, unique or can add competitive advantage which is mainly subject to the acceptance by the consumer of Ben Sherman or it can develop new market by observing the need, demand and perception of the market and should produce a product that can fill the market gap. For the company like Ben Sherman that offers a medium price medium brand good it is more practical to focus in market oriented strategy. This can be equally integrated with it’s new website that can provide a large information about the current trends. The fashion product has very short life cycle.

The company can still use different technique to prolong the life cycle of the product to prevent for early decline. Ben Sherman can use

You May Also Find These Documents Helpful

  • Best Essays

    In this paper, I will be explaining the marketing approaches that Under Armour shoe division is taking in competing against rivals competitors in the shoe division, its approach and initial take on expanding into the field, also some key factors in different marketing approaches and direction it’s heading in. I will be discussing concepts used regarding corporate image and brand management and integrated marketing communications, finally, researched articles and data in reference towards the marketing approach Under Armour has taken in the questions provided by the professor.…

    • 1957 Words
    • 8 Pages
    Best Essays
  • Good Essays

    BurkinshawEssay

    • 505 Words
    • 2 Pages

    One method of assessing the potential risks and rewards of a particular marketing strategy is to use Ansoff’s Matrix. This identifies 4 major strategies including market penetration, market development, market penetration and diversification. In the case of Burkinshaw, diversification is the new strategy being considered. The company’s marketing director argues the company should be developing new products for a new market, the large Chinese department store. The store has shown an interest in placing a large order, giving the company huge potential being entered into such a complex market. Moreover, it guarantees Burkinshaw future orders as well as growth. As the large Chinese department store expands, so will the sale of their products as it’s reaching more areas. From this it can be said although risky, the potential the Chinese department store offers is huge for Burkinshaw.…

    • 505 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In recent decades, the apparel production plays a vital role in the economy of a country. It is estimated that Clothing retailing was $23.9 million on September 2011, which take up. The expansion of Apparel industry in Australia poses challenges and heavy pressure to enterprisers who do not understand and analyse the factors of consumer requirement toward fashion. Zikmund (2012) pointed out that marketing research are able to reduce the risk of the uncertain or wrong decision, allowing companies to get higher profits. According to McCarthy’s 4PS marketing mix (1960), any business success is based on “4PS”, regarding to product, price, promotion and place. Without proper understanding of the expectations of consumers and properly marketing methods, managers might attribute to management problems and financial loss. Thus, this study is incredibly important, for it will allow the manager to know how to design a campaign that can meet consumers needs and expectation, understanding how to improve the standard of marketing mix and fashion trend are processing and making the prediction about fashion design in the future.…

    • 1767 Words
    • 7 Pages
    Good Essays
  • Good Essays

    YOU DECIDE Case study

    • 705 Words
    • 3 Pages

    Another proposal by the consumer product manager is to create a new product line to be offered in retail stores. This multi-brand strategy will increase the company’s market share in the industry by attaining a new target segment for the line. Moreover, the creation of a website for online sales will give consumers a more convenient and modern way to purchase products. It will also provide Grave…

    • 705 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Over the past long period, products and brands continue proliferate. A good analysis and understanding of brand value and market segmentation is more essential than ever. Based on the theory of brand, product, market segmentation and target, a new product will be developed in the market to improve company’s performance and make profit. The information generated from this report is used for strategic planning, resource allocation and tactical marketing.…

    • 2372 Words
    • 10 Pages
    Best Essays
  • Better Essays

    Case Study Assignment

    • 2438 Words
    • 10 Pages

    Even though the ROI will be reduced the 1st year of the products life, however given the “shelf life” that the iScanner has had in the industry(10 years) we conclude that…

    • 2438 Words
    • 10 Pages
    Better Essays
  • Best Essays

    Rip Curl Marketing Strategy

    • 3511 Words
    • 15 Pages

    Rip Curl, one of the world’s largest surf-wear companies which designed to meet the needs of the young and vibrant men and women who commonly enjoy surfing and seek for premium products. The purpose of this report is to create an Integrated Marketing Communications plan based on the situational analysis and research about the company Rip Curl. The IMC objective for this plan is to increase Rip Curl’s brand awareness by 10% among the target group of people aged 18 to 34 via learning about Rip Curl’s products through public relations, advertising and personal selling, starting from 1 January 2014 till 31December 2014. The reason being to focus on this IMC objective is because of the current fierce competition in the surf wear…

    • 3511 Words
    • 15 Pages
    Best Essays
  • Better Essays

    If few exit barriers exist, an industry leader might attempt to increase market share via aggressive pricing or promotion policies aimed at driving out weaker competitors. Or it might try to consolidate the industry, as Johnson Controls has done in its automotive components businesses, by acquiring weaker brands and reducing overhead by eliminating both excess capacity and duplicate marketing programs (Mullins. (2013). Alternatively, a firm might decide to harvest a mature product by maximizing cash flow and profit over the product’s remaining life. The last section of this chapter examines specific marketing strategies for gaining the greatest possible returns from products approaching the end of their life cycle (Mullins.…

    • 1080 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Solution Flash Memory Inc

    • 2246 Words
    • 28 Pages

    competitors, its sales life cycle is short, usually only six years. In order to fix this risk,…

    • 2246 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    In this term paper we will compare two companies, Splash of Landmark Group and H&M, two leading fashion retailers in UAE. We will individually analyse the marketing strategies of the two companies and compare them to see which one is more successful in the UAE market. We will also suggest some recommendations for developing their strategies.…

    • 3698 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Ben & Jerry's Marketing

    • 1071 Words
    • 5 Pages

    “84% of Americans agree they have a more positive image of products or companies that do anything…

    • 1071 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Subliminal Marketing

    • 4121 Words
    • 17 Pages

    what they might not need or want. Entering the subconscious mind to prey on consumers black…

    • 4121 Words
    • 17 Pages
    Best Essays
  • Good Essays

    Raymond Term Paper

    • 3055 Words
    • 13 Pages

    Executive Summary The purpose and scope of the project is to study, analyze and understand the business and marketing practices of Raymond’s . In order to achieve this objective two stages were identified-Data collection stage and the Analysis stage. The first stage includes the data collected from various sources regarding the following: 1. The history of the company, its subsidiaries, the board of directors, Operation Units in India. 2. The closest competitors in the textile industry-Bombay Dyeing, S Kumar’s, Zodiac, Arvind Brand, Triggers. 3. Information about the 4 P’s of marketing-Product, Price, Place and Promotion The analysis stage includes understanding the implication and relevance of the data collected and drawing conclusions about the company’s business and marketing decisions. Indian textile industry can be divided into several segments:       Cotton Textiles Silk textiles Woollen Textiles Readymade Garments Hand-crafted Textiles Jute and Coir…

    • 3055 Words
    • 13 Pages
    Good Essays
  • Satisfactory Essays

    Indian Luggage Industry

    • 7699 Words
    • 31 Pages

    Our sincere thanks to Mr. Viaswanath our lecturer in Marketing Management for giving us an opportunity to do this project whereby we were given an exposure to the market for Different Products and their Brands which helped us to increase the span of our knowledge and developed our thinking on more practical lines. We thank him for his guidance and support throughout the time when we were working on our project.…

    • 7699 Words
    • 31 Pages
    Satisfactory Essays
  • Powerful Essays

    As an explanation of this expansion strategy from the 50's, we can carry out two main values for the brand. The traditional value (the first white shirt as a brand emblem) followed by the innovation value (many products under a corporate brand) show us how the company wants to globalize as much as possible its prestige notoriety and its consumer loyalty over its traditional…

    • 2833 Words
    • 10 Pages
    Powerful Essays

Related Topics