Individual Assessment
Individual Assessment
Product
Develpment
Branding and
Packaging
Distribution
Promotion
Customer
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Short Description of this above illustration
Promotion: The company utilizes various marketing channels such as advertising, social
media, and promotions to raise awareness about its products and communicate their
benefits to customers.
Customer Engagement: Inyange Industries actively engages with its customers through
loyalty programs, customer feedback mechanisms, and personalized interactions,
fostering a strong and loyal customer base.
Overall, this diagram illustrates the key marketing activities Inyange Industries employs to
create value for its customers. By focusing on product development, branding, distribution,
promotion, and customer engagement, the company aims to deliver superior beverage products
and build strong relationships with its customers, ultimately enhancing customer satisfaction and
loyalty.
2.
a) Inyange industry ltd has many advantages that make it operate and although it’s
operating it also has disadvantages these are some from (TheNewTimes, 2009):
Advantages Disadvantages
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development, branding, and promotion, ingredients or added sugars, which can
creating job opportunities. Inyange contribute to health problems like obesity
Industries boosts economic activity by and dental issues. Advertising and
increasing its market share, generating promotions are two marketing tactics that
income for the business as well as its Inyange Industries uses that may also
suppliers, distributors, and other affect consumer decisions and possibly
stakeholders. This economic expansion encourage excessive consumption of
raises household incomes, raises living sugary drinks. To minimize any negative
standards, and lowers unemployment health effects, the company must strike a
rates, all of which have a positive knock- balance between promoting its products
on effect on society. and encouraging sensible consumption.
The marketing initiatives of Inyange Environmental Impact: The marketing
Industries make sure that society has initiatives of Inyange Industries may have
access to high-quality beverage an impact on the environment, particularly
products. The business makes its regarding packaging and waste
products widely accessible throughout management. The business uses packaging
Rwanda, including in rural areas, through materials, such as plastic bottles and
its distribution networks. Inyange containers, which, if improperly managed,
Industries consistently provides can contribute to plastic waste.
beverages that live up to customer Additionally, marketing initiatives that
expectations by making investments in involve extensive distribution networks
product development and quality control. and advertising campaigns may worsen the
Offering reviving and wholesome options environment by increasing carbon
improves customer satisfaction, improves emissions. Inyange Industries can invest in
their overall experience, and aids in the environmentally friendly marketing
promotion of a healthy lifestyle. strategies, implement recycling programs,
and adopt sustainable packaging solutions
to address these issues.
The marketing initiatives of Inyange Industries benefit society in several ways, including
through the creation of jobs, economic development, and access to high-quality products.
However, it is critical for the business to address any potential negative effects on human
health and the environment. Inyange Industries can increase its beneficial contributions to
society while reducing any potential negative effects by implementing ethical marketing
strategies and fostering sustainability.
b)
Regarding its customer service and marketing practices, Inyange Industries may draw some
criticism. Possible criticisms range from:
Lack of Product Diversity: Inyange Industries might draw flak for its scant
selection of products. Customers may request a wider range of product options, such
as different flavors or healthier substitutes, even though the company offers a
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variety of beverages. The lack of diversity in product offerings, according to critics,
may restrict consumer choice and leave room for unmet consumer demands and
preferences.
Customer service and quality control: Inyange Industries may draw criticism for
its methods for these two areas of business. Customers who are dissatisfied may
express their concerns about things like product consistency, customer service, or
prompt handling of questions or grievances. Critics may point out instances of poor
product quality or poor customer service as areas where Inyange Industries needs to
improve to increase client loyalty and satisfaction.
C) The business can use several strategies to maintain value creation in Inyange Industries.
Here are some crucial tactics (Ariel, Keohane, & Koller, 2021):
Strong Distribution Network: To ensure that its products are widely accessible,
Inyange Industries should maintain and strengthen its distribution network. The
company can effectively reach both urban and rural areas of Rwanda by forging
strategic alliances with retailers, wholesalers, and distributors. Inyange Industries is
able to quickly meet customer demands and preserve a market advantage thanks to a
strong distribution network.
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By applying these strategies into practice, Inyange Industries can continue to create value
while embracing sustainable practices and upholding a robust distribution network. These
initiatives will support the business's long-term success in the beverage sector, help it
maintain its competitiveness, and increase customer loyalty.
3.
a) SWOT analysis of the marketing for Inyange Industries, these are them from
(WikiWealth, n.d.):
Strength
Strong Brand Reputation: In the Rwandan market, Inyange Industries has built a
strong brand reputation. The brand is well-known for producing high-quality
beverages, which helps to win over and keep customers.
Weakness
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Pricing May Be Considered Relatively Higher: When compared to some of its
rivals, Inyange Industries' pricing may be thought of as being relatively high.
Price-sensitive customers may be restricted by this pricing strategy, which may
also prevent the market from growing.
Opportunities
Inyange Industries can expand its reach and increase customer engagement by
utilizing digital marketing strategies and e-commerce platforms. Putting money
into social media marketing, e-commerce, and online advertising can provide
new opportunities for customer growth and brand awareness.
Threats
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safety, labeling specifications, or advertising restrictions change. It's essential to
follow regulations and adapt to changes if you want to reduce potential threats.
b) To evaluate the market growth of Inyange Industries via the Boston Consulting Group
(BCG) matrix and the General Electric (GE) approach, Let's assess the market expansion
of the company using both frameworks (CorporateFinanceInstitute, 2022):
Question Marks (or Problem Children): Products with a low market share in a
rapidly growing market fall under this quadrant. It's possible that Inyange
Industries has a niche or new products that need more analysis. For these goods,
strategic choices must be made regarding whether to invest in order to grow their
market share or to sell off if growth prospects are unclear.
c)
Inyange industry is a well-known company in the beverage industry, specializing in the
production and distribution of dairy products and fruit juices. Its operations and
marketing plans have probably been influenced by several forces and factors. According
to Reb eLearning (2022), The following three significant variables may have had an
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impact on the Inyange industry, along with an analysis of how they might have changed
its marketing tactics:
d)
I. The Inyange industry may have implemented several crucial strategies to adapt to
the changes in the industry and maintain its business operations. Here are some
potential tactics that the business could have implemented (Patel, 2021):
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Product Innovation and Diversification: To adapt to shifting consumer
preferences, the Inyange industry may have placed a strong emphasis on
product innovation and diversification. They could have launched brand-
new product categories like dairy items with reduced fat or lactose
content, organic fruit juices, or functional drinks with added health
advantages. Inyange would have been able to cater to a wider range of
consumer preferences by consistently innovating and growing their
product portfolio, ensuring the company remains relevant and competitive
in the market.
Marketing and Branding Initiatives: The Inyange industry could have put
in place strategic marketing and branding initiatives to maintain market
share and stay ahead of the competition. This could entail making
investments in focused advertising campaigns to increase brand
recognition and highlight the special qualities and advantages of their
products. Inyange might have used social media sites to interact with
customers directly, disseminate information about her products, and
solicit feedback. Inyange could have attracted new clients and kept
existing ones by consistently communicating their value proposition and
establishing a strong brand identity.
II. Here are some suggestions I would make if I were one of the decision-makers in
order to maintain the company's profitability and market share:
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Continuous Quality Improvement: Keep a laser-like focus on product
quality and vigilantly track client comments. Implement quality assurance
programs, test products frequently, and make sure industry standards are
strictly followed. This dedication to quality will promote loyalty among
customers and help establish trust.
By following these recommendations, the Inyange industry can maintain its operations,
adjust to market changes, and maintain its market share by consistently catering to
consumers' changing needs and preferences.
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References
Ariel, B., Keohane, S., & Koller, T. (2021, July 22). How executives can help sustain value creation for the
long term. Retrieved from McKinsey & Company:
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-
executives-can-help-sustain-value-creation-for-the-long-term
CorporateFinanceInstitute. (2022, October 27). Boston consulting group (BCG) matrix. Retrieved from
Corporate Finance Institute:
https://corporatefinanceinstitute.com/resources/management/boston-consulting-group-bcg-
matrix/
elearning, R. (2022, January 25). Course: Geography, topic: UNIT 16: Industry in Rwanda. Retrieved from
Reb elearning: https://elearning.reb.rw/course/view.php?id=484§ion=16
Patel, S. (2021, March 30). 23 pro tips for running a successful business. Retrieved from HubSpot Blog |
Marketing, Sales, Agency, and Customer Success Content: https://blog.hubspot.com/sales/how-
to-run-a-business
TheNewTimes. (2009, March 18). Fruit farmers to benefit from Inyange expansion. Retrieved from The
New Times: https://www.newtimes.co.rw/article/18016/News/top-story-fruit-farmers-to-
benefit-from-inyange-expansion
WikiWealth. (n.d.). Inyange industry SWOT analysis. Retrieved from WikiWealth | Stock, ETF, Mutual
Fund Research | SWOT, 5 Forces Analysis - WikiWealth: https://wikiwealth.wikidot.com/swot-
analysis:inyange-industry
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