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Ice cream manufacture marketing strategies
Consumer perception on brand image
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1 Substitutes:
Those competitors who are selling the products which fulfill the same needs of the customer.
2 New entrance:
All those new competitors who can enter in the market and can grape the market share of the existing companies.
3 Direct competitors:
All the direct competitors mean offering the same product with same features they are also called industry rivalry.
4 Buyers bargaining power:
The bargaining power the buyer increases when there is few customers and many companies.
5 Suppliers bargaining power:
The bargaining power of the supplier increases when there are few suppliers or a single supplier is supplying too many companies. Wall’s and Hico ice cream has almost same threats. So wall’s is competing with these threats effectively
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The companies should keep in their minds before strategy. These social force can affect the business of Wall’s ice cream, they should make their ice creams with Halal ingredients because there is majority of their target market is Muslim. Hico ice cream also knows the social norms, values and believes of their target customers and they are also making all the products with Halal ingredients.
Technological Environment: The most dramatic forces shaping the lives of people are one of the technologies. It creates new opportunities and new products in the market. Like all other technology companies have a direct impact on the operations of the wall’s. How wall’s has a highly automated production facility operates, and this new technology when it comes to adapting to changes and growth of imported machinery and equipment like the most, the company focused on its toes. Machine used before any other company has such a technology before it condensed milk thistle as well as additional technology was very advanced and unique top layer is used to
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Massive distributions
2. Wall’s a strong brand name
3. Unbeaten taste , quality
4. Financially strong
Weakness:
1. No variation
2. Pure milk is not use in icecream
Opportunities:
1. Tie up with food chain, restaurant
2. 53%of our business come from emerging markets
3. Untapped market segments
4. High skilled worker available in market
5. Gap in Mkt. for diet ice cream, which Wall's can cover because they are more, establish than other's
6. B2B-Marriage halls/caterers
Threats:
1. Local ice-cream parlor
2. Competitors(omore,hico)
3. Electricity short fall
4. New entrant
5. Political instability
SWOT (Hico ice cream)
Strength:
1. 100% pure dairy ice cream
2. Unique flavors
3. Family packs
Weakness:
1. Weak marketing
2. Weak positioning
3. Limited availability
4. Low brand equity
5. Less focus on bars/cones/cups
6. Unattractive packaging
7. Short supply
Opportunities:
1. Large untapped market
2. Ice Cream parlors
3. Co-branding
4. B2B-Marriage halls/caterers
5. Strong demand for ice
Competitive rivalry examines how intense the competition currently is in the marketplace, which is determined by the number of existing competitors and what each is capable of doing. (Arline, 2015).
The theme of technology in Walle can relate to today's approach of technology takeover. Today's
Rivalry among established firms is fierce. There are several factors that illustrate this: established market players (6.1). The product is highly standardized and the switching costs of the customers are low. Players are aggressive (6.2)
Traditional Manufacturers are the ice cream manufacturers of the erstwhile USSR which were privatized in the wake of the dissolution of USSR. They prefer using natural ingredients as compared to MNC’s who use preservatives. They have traditionally not been strong proponents of Marketing and their marketing expenses constitute 1 % of their overall revenue. They have been the market leaders in the Russian markets till date but most of them have old plants and technologies.
An oligopoly is defined as "a market structure in which only a few sellers offer similar or identical products" (Gans, King and Mankiw 1999, pp.-334). Since there are only a few sellers, the actions of any one firm in an oligopolistic market can have a large impact on the profits of all the other firms. Due to this, all the firms in an oligopolistic market are interdependent on one another. This relationship between the few sellers is what differentiates oligopolies from perfect competition and monopolies. Although firms in oligopolies have competitors, they do not face so much competition that they are price takers (as in perfect competition). Hence, they retain substantial control over the price they charge for their goods (characteristic of monopolies).
This organization belongs to the oligopoly market structure. The oligopoly market structure involves a few sellers of a standardized or differentiated product, a homogenous oligopoly or a differentiated oligopoly (McConnell, 2004, p. 467). In an oligopolistic market each firm is affected by the decisions of the other firms in the industry in determining their price and output (McConnell, 2005, P.413). Another factor of an oligopolistic market is the conditions of entry. In an oligopoly, there are significant barriers to entry into the market. These barriers exist because in these industries, three or four firms may have sufficient sales to achieve economies of scale, making the smaller firms would not be able to survive against the larger companies that control the industry (McConnell, 2005, p.
Threat of New Entrants - Moderate – Deregulated industry. Threat of new entrants higher during downturns in industry (e.g. JetBlue’s entry point). Existing airlines may encroach on an opponent’s major or regional market-share. High cost of entry into industry
The oligopoly market is a few relatively large firms that have adequate to significant market power and that they recognize their interdependence. Each firm know that their choice of actions or changes in their outputs will have an effect on other firms and in response to the change, other firms will take actions accordingly to adjust therefore will affect its sales and revenue. (Thomas 428) To closely define, the oligopoly characteristics consist of (a) a few large dominant firms; (b) a product or services either standardized or differentiated; (c) firm’s decision on price and output affect the demand and marginal revenue of other firms in the market and vice versa; and (d) the entry barriers to become a dominant firm consist of substantial involvement of technology and economical terms. With these characteristics, there are usually as few as two and as many as ten firms that make up large market shares in any one particular industry.
Product. Companies that follow this approach try to create a consumer product or service that is supposed to be unique or better than that of the competitor 's. Uniqueness or some upgrades in the product were believed
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Clients are to see the item mostly as reported by abovementioned aspects, in addition, frozen yogurt expected to ...
right places to get maximum exposure to potential customers? This would also include the suitability of the marketing and launching. of the product or service. The acceptability of the product, whether the risk of launching this product is acceptable to the company. The feasibility whether the product will work within the existing ice cream market.
Prices from stores like Walmart, Target, Kroger and even the online commerce giants Amazon and Ebay may differ a little bit, due to theri own promotion tactics. As we all know the United States is a free-market economy and it is highly competitive, each store execute their sales startegies to attract consumers.
ice cream belonging to the premium category. Based on our analysis, we have identified two major