1 CONCLUSIONS Intuitively, based solely on their INTENDED use, supps offer the clearest incremental volume potential. But as has been the case historically,

Slides:



Advertisements
Similar presentations
Positioning Services in Competitive Markets
Advertisements

An introduction to pricing
1 YOUNGER MALE SEGMENTS AWARENESS, TRIAL AND USAGE Segment M3 contributed to the decline in OAD performance over the past year – and Centrum Men’s was.
SUMMARY 1 video strategy test_520y0 Overall, none of the five potential new positionings successfully achieved the action standard of superior purchase.
FLINTSTONES NEW PRODUCT EXPLORATION AND LINE DEVELOPMENT Prepared For: Prepared By: July, 2012.
Intuitive Design Inc. New Product Development Progress March 25, 2006 Prepared for: Company Management Team Dave Leis.
Model of factors at play in the perpetration of violence Introducing an interactive model for understanding violence against women, violence against children.
© GfK 2013 | Electric Vehicles Study – GfK Automotive | July Automotive Study: Global Position of Electric Vehicles Global Automotive, 2013.
Problem Statement VIACTIV is in a downward spiral mainly driven by: Losing relevance in the Calcium Segment Well established competitors entering the segment.
Creating Brand Equity Key Concepts. What is a Brand A name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or.
xcalibur The Might of Markland William Johnson Eduardo Kamisato Barbara Mulvenna.
© 2002 Pearson Education Canada Inc. 7-1 principles of MARKETING Chapter 7 Market Segmentation, Targeting, and Positioning for Competitive Advantage.
Copyright Atomic Dog Publishing, 2007 Chapter 10: “Developing a Target Market Strategy” Joel R. Evans & Barry Berman Marketing, 10e: Marketing in the 21st.
Making Cents of Pricing Build business cases to enhance the bottom line. David M. Feldman Jessica Lee & Dana Town.
CHAPTER SEVENTEEN Strategic Launch Planning II March 15, 2007.
András BauerMarketing Management1. András BauerMarketing Management2 Overall marketing strategy Based on their mission statements, firms set strategic.
Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Developed by Cool Pictures and MultiMedia Presentations Copyright.
Measurement & Evaluation. Reasons for Measuring Campaign Effectiveness To help all brand stakeholders understand the link between marketing investment.
Rise of on-the-go snacking and the nutritious benefits offered are helping to bring the chewing gum sales back on track for the chewing gum and chewy candy.
Chapter 13 Commercialization.
AWARENESS & USAGE OF LISTED NON-MV NUTRITIONAL SUPPLEMENTS AMONG CMV USERS 1 C4.And which if any of these products have ever been given to these children.
WALGREEN’S CONVERSION OPPORTUNITIES Unconverteds are a challenging target for Walgreens as they tend to be less involved in the VMS category overall than.
Market segmentation and targeting
AAEC 2305 Fundamentals of Ag Economics Chapter 8 International Trade.
MGT-519 STRATEGIC MARKETING AAMER SIDDIQI 1. LECTURE 24 2.
Pricing Strategies Chapter 26. Cost-Oriented Pricing  Markup Pricing – difference between cost and price  Cost-Plus Pricing – costs and expenses, plus.
CREATING COMPETITIVE ADVANTAGE
Session Outline Differentiation and Positioning Market Segmentation
5.1 Household Behavior and Consumer Choice We have studied the basics of markets: how demand and supply determine prices and how changes in demand and.
Marketing Is All Around Us
Creating Competitive Advantage Dr. Amila Jayarathne
Manitowoc is excited to offer the industry our innovative, patented icepic™ feature Market Studies show that two-thirds (67%) of fountain beverage customers.
Formulating Strategic Marketing Programs
Chapter 30 product planning Section 30.1 Product Development
1 WEEK 2 – Identifying and Selecting Markets Market Segmentation, Targeting, and Positioning.
Chapter 3 Arbitrage and Financial Decision Making
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 1-1.
Health Net, Inc. Presentation to: Deutsche Bank Alex.Brown Cora Tellez President Health Net, Inc. Health Plans Division May 9, 2001.
DO NOT COPY Chapter 9 SERVICE operations management and business pricing.
May 18, 2004CAS Spring Meeting1 Demand Based Pricing: A Company Perspective CAS Spring Meeting May 18, 2004 Floyd M. Yager, FCAS, MAAA Allstate Insurance.
Chapter 6 Version 3e1 Target Markets Discuss alternative strategies for selecting target markets. 7 7.
Your Investment. Your Future. An Evaluation of the Importance to Consumers of Selected Niche Pork Attributes R Parker & Associates, Inc. / Ashcraft Research.
Marketing I Curriculum Guide. Product/Service Management Standard 5.
Segmentation, Targeting, and Positioning Chapter 12 Matakuliah: J0474 International Marketing Tahun : 2009.
1Chapter 7 Marketing 7e Lamb Hair McDaniel ©2004 South-Western/Thomson Learning Segmenting and Targeting Markets Prepared by Deborah Baker Texas Christian.
Section 30.1 Product Development Chapter 30 product planning Section 30.2 Sustaining Product Sales.
Standard 5. A marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
MKT 346: Marketing of Services Dr. Houston Chapter 3: Positioning Services In Competitive Markets.
MRK317 Integrated Marketing Communications Week 2.
Chapter 7 Event Marketing
Presented by: Agnes Viani Parlan
TECHNOMIC FOODSERVICE planning program June 2015 Research Strategies to Drive Product Development and Sales.
5 © 2004 Prentice Hall Business PublishingPrinciples of Economics, 7/eKarl Case, Ray Fair Household Behavior and Consumer Choice Appendix: Indifference.
Baby Food in New Zealand The report focuses on global major leading industry players with information such as company profiles, product picture and specifications,
Chapter 2 IMC Role in Marketing. Chapter 2 : IMC Role in Marketing Chapter Objectives To understand the marketing process and the role of advertising.
Chapter 30 product planning Section 30.1 Product Development
Frequency Works in Newspapers
CHFA Market Insights Solution Overview
CHAPTER 10 CRAFTING THE BRAND POSITIONING
Frequency Works in Newspapers
Product Life Cycle Products have a limited life.
CHAPTER:12 Introducing and Naming New Products and Brand Extensions
Facilitated by Holly Hapke November 16, 2017
X100 Introduction to Business
Footwear in India Feb 2019 EXECUTIVE SUMMARY PROSPECTS DEMAND FOR ATHLEISURE FOOTWEAR GAINS MOMENTUM AMONG CONSUMERS IN SMALLER CITIES Demand for athleisure.
Chapter 9: Setting the list or quoted price
Vending Machines May 2009.
An Introduction to Retail Management & Marketing
The Commission study on the EU retail sector
Value Proposition Template
Presentation transcript:

1 CONCLUSIONS Intuitively, based solely on their INTENDED use, supps offer the clearest incremental volume potential. But as has been the case historically, a significant proportion of those who express interest in supps claim that they would use them IN PLACE of rather than IN ADDITION to their CMV’s. So we cannot assume their volume would be totally incremental. Consumers are expressing interest in both CMV’s AND in Supps – it seems that the combinations of benefits and forms are having a greater in determining interest than the fact that a product is a cmv or a supp. In fact, the segmentation suggests that acceptance of the use of supps versus cmv’s is not a driver of preference at all -- we could not identify any segment that wholeheartedly accepts OR rejects supplements as a group. Rather their patterns of interest are based on OTHER criteria. One of the potential new forms (chews, in contrast to chew-ABLES) does seem to stimulate some consumer interest. Although it is not enough to drive an introduction on its own, it might be considered to differentiate a new entry. It was the only one of the new forms that seemed to resonate with consumers. The following specific product recommendation suggest the products that yield the single largest incremental penetration. In all cases these are the strongest candidates within the set context – but there are alternatives that would be ALMOST as good as the listed ones should a replacement need to be identified due to developmental issues. So that where a product containing Calcium and K2 is suggested, it could probably be replaced with a Calcium and K combination without a significant impact on line appeal.

CONCLUSIONS When faced with selecting a multivitamin there is a strong tendency for category users to select lower priced gummy products.  Flintstones chewables tend to be virtually as compelling as gummies  New forms have limited potential when not coupled with a compelling reason for being While complete multivitamins are the most compelling types of products explored, there is certainly room for targeted CMV’s AND for some supplements  CMV’s for Bone, Flintstones Vitamin C Fruit Snacks, Bone supplements and Brain supplements, none of which currently exist, appear to have significant levels of consumer potential  And a majority of consumers plan to use supplements as intended – in addition to CMV’s, suggesting the opportunity for increased volume with the introduction of Supplements. 2

CONCLUSIONS Overall, there does seem to be an opportunity to expand Flintstones presence in CMV’s with new products. A segmentation conducted on concept preference patterns suggested groups that might differentially benefit from targeted entries. Two consumer segments tended to be more positive than most to ALL of the new Flintstones CMV’s ─One is a group “Partial to Flintstones,” which represents limited potential. New CMV’s would most likely cannibalize the base brand. ─The other one are the consumers who are currently involved in the category with branded gummy products – which would suggest that any new Flintstones CMV’s designed to maximize potential among these consumers should be gummy. The other group displaying interest in the new Flintstones CMV’s are the relatively small group (under 10%) who gravitate towards chewable products. This group represents the largest share of Flintstones Chewables users. They are only interested in new CHEWABLE CMV’s, and there are some potential product improvements that might appeal to them. 3

CONCLUSIONS Notably, the same groups of consumers are interested in the new Flintstones Supplements. “Partial to Flintstones” are a key target for these supplements as their use represents increased business. “Branded Gummies” are also interested in these new items and along with the CMV’s might solidify their association with Flintstones. “Chewable Loyalists” do not express much interest in these offerings. 4

5 PRODUCT RECOMMENDATIONS A number of areas continually emerge as representing fairly high levels of consumer appeal – brain products, real fruit or fruit and vegetable products and bone products among them. Probiotics consistently fall towards the bottom of the list in terms of appeal. It’s important to point out that they were priced at a significant premium versus other products, and their premium pricing probably played a large role in their relatively weak showing. There are several products that offer some additional penetration. The following appear to be the strongest contenders. If only one additional product can be developed and all things being equal: CMV Gummy Ca/K2 – additional reach for all groups OR CMV Layer Chew – strongest option among “Branded Gummies” segment, the group you would like to convert away from competition If two additional products can be developed, then a combination of BOTH the Calcium plus K2 from AND the Vitamin C Fruit Snack Supplement represents broad incremental appeal and include a supplement to be used in addition to other FS products: Finally, if three additional products can be developed, then the following two CMV’s combined with one supplement represents the broadest opportunity: CMV - Layer Chews CMV – Gum Ca/K Brain Support Chewable - S