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Rational decision making paradigm
Rational decision making paradigm
Rational decision making model essay
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Rational Decision Making Model- For Use in Critical Anaylsis of Zamzows Case Study
1. Identify and sort out and summarize the problem(s). Decide which is the most important problem.
a. IAMS is not allowing Zamzows to create their own dog food and distribute it themselves because IAMS wants them to exclusively sell their product.
b. With IAMS having an exclusive contract with Zamzows, IAMS never provided them with the means to distribute this product and Zamzows had to use their money while not receiving a profit for their sales.
c. Once Zamzows started receiving profits, they were made aware that IAMS will not be selling to them exclusively but to their competitors as well for the same price.
2. Define nature of problem, causes, and assumptions (values, global, competition, etc.).
a. While becoming a more reputable brand, IAMS does not want to have competition with another dog food brand since Zamzows is a well-known company in
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Zamzows could pursue the idea of selling their own product in their stores and seek legal advice to understand the laws of competition. They already have the distribution organized to start marketing their own product. In order to avoid potential law suits they need to understand the laws that protect our market of sales.
5. List how you are going to implement each solution. How are you going to make your solution work?
a. Have a negotiation meeting with IAMS to try and work something out and possibly test the market to determine if individuals will buy Zamzows dog food brand.
b. Continue to basically distribute to Zamzows as an exclusive distributor and communicate IAMS goal to increase sales. In order to do so it is distributing to areas that Zamzows is not competing in. Although it will be with their competition Pet Co and Pet Smart, IAMS would love to only exclusively distribute through them. If they chose to start competing in these new markets they will be the exclusive distributor in that market. (Implementation of solution
The strategy that CNS decided to use is the three-stage approach. Stage 1 is Explore/test concept. Stage two is the Establish the product, and stage three is Manage the product. Using the SWOT analysis, I will analyze their marketing approach as it pertains to entering international territory. The strengths are that breathe right has already shown that it could successfully market the product in North America and make it a success. They have proven that they can package the product to tailor it to the international market, which would allow then to penetrate the market and refine messages for the local market as spelled out in stage 2 of their strategy. They have the ability to identify potential partners in the local global markets. When they first entered the global market, they partner with 3M, who had a handle on the marketing practices of the global market. According to The Business Journal, they regained control of their ...
However, because of its demographic it was losing a high customer base because of its prices. The text book Chapter 10 emphasized the importance of pricing and creating profit. The investor Marcus Lemonis showed the owners how to evaluate demand and the price sensitivity of their products. He introduce product that could be brought in with lower price points that would compete with their competitor and still crate the high-end prestige the company wish to create. Taking advantage of the income statues of the company’s customer with in their demographic. One major problem the company had was the price point of a bag of dog food was around $100 per bag that was a high price for the consumers within the area. By bring in a brand that had high quality and prestige at a price point of $20 allowed for a greater customer
Have you ever wondered what you’re feeding your dog? The formulas in each bag of dog food vary anywhere from natural, organic, preserved, and holistic ingredients. The world of dog food is actually very confusing and if you’re anything like me what you feed your fur baby is very critical. In this paper I will discuss the differences from dry to canned, natural to preserved, dog food marketing and how cost sometimes really isn’t the biggest issue.
The author states that is the new solution-selling strategy, and the companies that choose to ignore this new method could be at risk at losing sales to companies who use this method (Ettenson, Conrado, & Knowles, 2013).
After this decision internet distributors and Express respectively has to be considered as strong competitor due to the price-sensitivity of the electronic industry. Therefore A/S should work on its company image to highlight their advantages compared to discounters. Therefore A/S has to point out that they are aware of being not the cheapest but nevertheless will create more benefit for the customers by offering service and competence.
The Pacific Oil Company and the Reliant Corporation were underway in negotiations There was a shortage of VCM, the material Pacific was interested in. Around 1984 VCM went from
The company has to lower its brand value to be able to compete in down-market.
The SNHU Pet Supply Store has successfully met consumer needs for pet food, toys, and other pet related items for the past ten years using online and traditional brick and mortar channels. Recognizing that their customer need and wants are changing, the SNHU Pet Store will expand into the all-natural pet food market for dogs and cats with an exciting new product, named Farm to Bowl. This product is made from organic, locally sourced meat and vegetable ingredients, and is intended to meet the changing wants, needs, and desires of today’s consumers for socially responsible and healthy food options for their pets. The initial target market will be upper-middle class, childless dog owners who consider their pets part of their active family. Therefore,
According to the ASPCA data 70-80 millions dogs are owned in the United States alone, which means that approximately 37%-47% of all households in the U.S. have a dog in their home. Many of pet owners consider them their family members and treat them accordingly. And as for every family member the owners want what is best for their loved ones. That includes a careful selection of food they pick. However, it is not always easy to recognize harmful ingredients in the food packages. With that many pets in the U.S some well-known companies that manufacture food for our four-legged companions use cheap and harmful products. One such company is Royal Canin. The company has been under attack lately for the use of controversial ingredients in their
The accessibility of the product is important, so the product get to the customer in a timely manner. The placement of the product with retail partners, that have exposure to mass markets, is an essential element first step. Importantly, this may be difficult for a new player in the market unless they have a niche product, a lower price point or are already established in other markets. Retailers will normally have established agreements that make it difficult to take on new suppliers unless these circumstances present
The advertise estimate in the Western markets for premium treat players is higher than that of Indian Market. As the way of life is enhancing in India, the interest for premium treats in the market is expanding. Numerous International players are attempting to tap this space by going into the market with infiltrating costs.
In this case, we suggest reinforce the resources of legal department to be at least 10 -12 internal lawyers in house for striking the infringing product in the count and cooperating with customs to
The organization’s distribution strategy needs to be effective in order to reach the organization’s goals on gaining market share of their products. The international marketer is challenged in developing a distribution strategy because of the comprehensive array of substitutes for evolving an effective, reasonably priced, high capacity international distribution system (Cateora, Gilly, & Graham, 2013). Developing the correct price on goods can be the main element on the victory or disaster of the goods.
...site. This is great for the company because in this circumstance they act only as the store and once the sale is complete they are no longer responsible for getting the product to the consumer.
...to try and compete with these two companies there are a number of ways this could happen The factor of Place is not on such a large scale, the outlet is the shop and although products may be offered by post most of the transactions will take place at the shop. However, the customers must in a position in which to offer its services well and easily access the shop. For example, there must be plenty of car parking near by so that the customers can easily access the shop, it should be available to as many customers as possible.