Black Team with Craig Slusser, Elaina Lynch, Mark Linscott, and Anthony Garcia
We have been tasked with taking this wonderful longstanding company, with Twenty-five years of manufacturing experience, and bringing it into new markets both domestic and abroad! Today we will be looking at a new and innovative product that we, Team Black, believe will bring the Distinctive Doggie & Cattie Company into a new area of pet food production and excel you past the goals that have been set before us!
Product Conception Domestic Marketing Strategy Utilizing the Environmental Model o Competitive & Economic Forces o Political, Legal, and Regulatory Forces o Technological and Socio-cultural Forces International Marketing Strategy Utilizing the Environmental Model o Competitive & Economic Forces o Political, Legal, and Regulatory Forces o Technological and Socio-cultural Forces SWOT Analysis Marketing Strategies o Target Market Segmentation Strategy o Product and Pricing Strategy o Distribution and Promotion Strategy
Shared Pet Food Dog’s & Cat’s Nutritional Benefits Three New Flavors o Salmon and Sweet Potato o Turkey, Tuna, and Potato o Turkey, Salmon, and Beef Product Conception
Competitive Forces There is little change expected in the market Global giants account for three-quarters 76 million household dogs in the US with 2% increase in 2012 Dog food improved performance bolstered by high value, premium positioned products Economic Forces 4% increase in sales from Value sales will increase by 3% annually Volume sales will increase by 1% annually Spending on food and treats, per dog, is projected to reach US $167 in 2012
Political Forces Encourage the introduction of effective legislation Influence Government and key opinion formers Ensure recommendations are pertinent, reasonable, and comprehensive and enhance the welfare of pet animals. Legal and Regulatory Forces -Preserve the competitive edge -Provide safe products -We will be compliant with all laws and regulations. - We will provide fair and accurate pricing -We will be compliant with all environmental regulations
Technological Forces Important to use current technology Must use the appropriate technology, such as Create a web site Keeps customers up to date Can find information about the company easily Would be helpful to perform a technology assessment Can see the effects of our products and processes Socio-Cultural Forces Demographic characteristics Age Gender Income level, etc. Consumerism Encourage customers to purchase our goods and become loyal to our company Cultural values Find the values of our target market Make sure our product meets or exceeds their expectations
Completive Forces Dog food is the leading category in the pet food market in Morocco Premium food is on the rise in both volume and value terms The dog food category represents 96% of the pet food sector Economic Forces The Moroccan dog food market was valued at US $23.3 million in 2009 Middle income households that have dogs represent a group of affluent pet owners The market for pet food in Morocco is small, but growing quite rapidly
Political Forces Support Fair trade between countries. We must ensure respect and support of the legal and regulatory infrastructure of Morocco Strictly follow Fair trade agreement guidelines settled on between our two countries. Legal and Regulatory Forces We will respect any import tariff restriction. We will be coherent to any nontariff trade restrictions e.g. quotas and embargos Follow the food trade agreement set between the U.S. and Morocco. Provide commitments and cooperation in the areas of worker rights and measures to protect the environment.
Technological Forces Must assess how many people use technology and who is using it Will help define our target market Use more technology than expected Can reach the citizens by and through our website Could use e-marketing to reach our customers -Rate of technology users in Morocco continues to grow each year Socio-cultural Forces Demographic characteristics Will help us to find our target market Consumerism Study the buying habits of target market Strategize on how to get them to being a long-term relationship with our company Cultural values Will force us to have to market differently o Moroccan’s do not keep many household pets
S trength W eakness O pportunity T hreat S trength : 25 Years Experience Looking to Expand W eakness : Narrow-minded International Presence O pportunity: Expansion into Morocco Innovative new Product T hreat : International Markets Unknown New Product CONVERT MATCHMATCH
Concentrated targeting strategy Pet food sales totaled $19.85 billion in the US Pet food sales have been increasing yearly between 5.3%- 5.8% Prepared dog food products a growing category Sales of dry dog food are forecasted to reach $32 million by 2014 Target Market Segmentation & Product
Price point of o Cost Effective Quality o Fair Price Points Free Samples Limited Time Pricing Savings of $200/year Pricing and Distribution Global Exposure Use of Internet Vendor and Retail Connections Prep Management Fair trade Agreement
Will be slightly different for each country Create awareness Stimulate demand Encourage product trial Identify prospects Promotion
The Black Team