Marketing Mix Example
1. Read following paragraph and explain the process this firm might go through to reach this specific marketing strategy - how and why this company reach to use this decision. Also explain results this firm may get from using this specific marketing strategy. In addition, recommend any modification of strategy based on SWOT analysis.
Bakery chain Tous Les Jours introduces two varieties of "Kim Yu-na bread,â named after the popular Korean figure skater. The flavors, chosen by Kim herself, are the sweet potato and cream bread, and the kaya bun. The company said that the proceeds will go to various charities selected by Kim. The bread will be sold nationwide. â how this company reach to use this decision they must go through this procedure to decide specific strategy "market situation evaluation â' SWOT analysis â' specifications of marketing objectives â' to choose marketing strategy(considering 4P's) â' to prepare action programs and budgets
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a. first step :market situation evaluation tous les jours would have analyzed their market what really it is, what they face and so forth. for example, nowadays young people like students tend to eat instant food (like bread) instead of meal more and more. as a result, the sales amounts of those kind of industry increase rapidly. additionally, sociocultural trends are changing. that is, there happen to be some trends that regard social contribution or charity as their responsibility. they also might think they need to appeal the young generation who is main customers in that industry. to sum up, marketing situation will be evaluated ahead of described specific strategy
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b. second step : SWOT analysis â' what is strength
- tous les jours has a famous and popular brand name which can appeal the customer
- the customer thinks that company is good at customer service and has a clear circumstance.
- they have many retail outlets which spread out nationwide and so on
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â' what is weakness
- their price is a little
Bakery chain Tous Les Jours introduces two varieties of "Kim Yu-na bread,â named after the popular Korean figure skater. The flavors, chosen by Kim herself, are the sweet potato and cream bread, and the kaya bun. The company said that the proceeds will go to various charities selected by Kim. The bread will be sold nationwide. â how this company reach to use this decision they must go through this procedure to decide specific strategy "market situation evaluation â' SWOT analysis â' specifications of marketing objectives â' to choose marketing strategy(considering 4P's) â' to prepare action programs and budgets
Â
a. first step :market situation evaluation tous les jours would have analyzed their market what really it is, what they face and so forth. for example, nowadays young people like students tend to eat instant food (like bread) instead of meal more and more. as a result, the sales amounts of those kind of industry increase rapidly. additionally, sociocultural trends are changing. that is, there happen to be some trends that regard social contribution or charity as their responsibility. they also might think they need to appeal the young generation who is main customers in that industry. to sum up, marketing situation will be evaluated ahead of described specific strategy
Â
b. second step : SWOT analysis â' what is strength
- tous les jours has a famous and popular brand name which can appeal the customer
- the customer thinks that company is good at customer service and has a clear circumstance.
- they have many retail outlets which spread out nationwide and so on
Â
â' what is weakness
- their price is a little