black team with craig slusser, elaina lynch, mark linscott, and anthony garcia
TRANSCRIPT
Marketing ProjectBlack Team with Craig Slusser, Elaina Lynch, Mark Linscott,
and Anthony Garcia
Welcome
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!
Table Of Contents Product Conception Domestic Marketing Strategy Utilizing the Environmental Model
o Competitive & Economic Forceso Political, Legal, and Regulatory Forceso Technological and Socio-cultural Forces
International Marketing Strategy Utilizing the Environmental Modelo Competitive & Economic Forceso Political, Legal, and Regulatory Forceso Technological and Socio-cultural Forces
SWOT Analysis Marketing Strategies
o Target Market Segmentation Strategyo Product and Pricing Strategyo Distribution and Promotion Strategy
Lets “Simply Share”
Shared Pet Food Dog’s & Cat’s Nutritional Benefits Three New Flavors
o Salmon and Sweet Potatoo Turkey, Tuna, and Potatoo Turkey, Salmon, and Beef
Product Conception
Domestic Environmental Forces 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 2012-2017 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
Domestic Environmental Forces
Cont.Political Forces
Encourage the introduction of effective legislationInfluence 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
Domestic Environmental Forces
Cont.Technological Forces
Important to use current technology
Must use the appropriate technology, such as e-mail
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 ForcesDemographic 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
International Environmental Forces 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
International Environmental Forces
Cont.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 embargosFollow 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.
International Environmental Forces
Cont.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 e-mail 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 ForcesDemographic 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 differentlyo Moroccan’s do not keep many
household pets
S.W.O.T AnalysisStrength
Weakness
Opportunity
Threat
Strength:25 Years ExperienceLooking to Expand
Weakness:Narrow-minded
International Presence
Opportunity:Expansion into MoroccoInnovative new Product
Threat:International MarketsUnknown New Product
CONVERT
CONVERT
MATCH
Marketing Strategies Domestic & International
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
Marketing Strategies Domestic & International
Price point of 35.99o Cost Effective
Qualityo 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
Marketing Strategies Domestic & International
Will be slightly different for each country
Create awareness Stimulate demand Encourage product trial Identify prospects
Promotion
Thank YouThe Black Team