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Published byÉlise Brisson Modified over 6 years ago
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It’s Popcorn Time The Basis for Marketing Strategy
Ideas for Today and Tomorrow This presentation starts in:
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Our Agenda Today Provide a systems perspective*
Employing SWOT Analysis Strengths – IPT attributes that constitute competitive advantage. Weaknesses – Company attributes that are harmful to achieving the IPT growth. Opportunities- External conditions that aid marketing inroads. Threats - External conditions that weaken the market position and future prospects of IPT *For the upcoming marketing plan
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STRENGTHS WEAKNESSES OPPORTUNITIES THREATS
Established reputation Patented new coating process Modest retail presence Nonexistent marketing support OPPORTUNITIES THREATS Become value chain partner – flower gift basket chain Foreign, regional and ethnic flavors Amish entry into gourmet foods Copycatting by “Grandma’s Treats” Established reputation in gourmet snacks
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Implications Strengths
An established reputation is (nearly) an unassailable advantage versus new entrants New coating process Exclusive for the meantime Must be translated to consumer benefit In retail, size of branch network is key The three most important strategic issues are location, location and location
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Implications Weaknesses
No sign of marketing or A & P support* Needed… To hasten awareness of new coating product line To leverage upcoming affiliation with national flower and gift basket company To stave off new entrants If true, budget recommendation contingent on recommended strategy and business objectives
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Implications Opportunities
Become distribution channel for national flower and gift basket chain… New revenue source Enhances IPT image Opens up new opportunities for interstate deliveries of IPT product For core product line, sustain consumer interest and taste variety by finding appealing foreign, regional and ethnic “gourmet” specialties and flavors
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Implications Threats Amish entry into gourmet foods reinforces view that hurdles to entry are low Copycatting of proprietary company processes and information by “Grandma’s Treats” The best way to deal with these is to continually innovate Product-wise In advertising and promotions
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Leveraging Competitive Advantage, Manage Risks
Protect quality image Position on Treat Festive aura So as to preserve “share of wallet” from New popcorn vendors Unending trend for family-owned gourmet businesses
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Thank you! Questions?
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Today’s Situation Summary of the current situation
Use brief bullets, discuss details verbally
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Recommendation Recommend one or more of the strategies
Summarize the results if things go as proposed What to do next Identify action items
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