Getach one
Getach one
ResearchProposalonAssessmentofMarketingStrategyPracti
cesinDashenBreweryFactory
By:GetachewLemessa
January2024
AddisAbabaEthiopia
Contents
CHAPTERONE 3
1INTRODUCTION 3
1.1BackgroundoftheStudy 3
1.2StatementoftheProblem 4
1.3ObjectivesoftheStudy 6
1.3.1GeneralObjective 6
1.3.2SpecificObjectives 6
1.4ResearchQuestions 6
1.5Scope/DelimitationoftheStudy 7
1.6SignificanceoftheStudy 7
1.7LimitationsoftheStudy 8
1.8OperationalDefinitions 8
1.9OrganizationoftheStudy 8
CHAPTERTWO 9
2REVIEWSOFRELATEDLITERATURE 9
2.1.TheoreticalLiteratureReview 9
2.1.1MarketingStrategyOverview 9
2.1.2ElementsofMarketingStrategy 10
2.1.3Segmentation,TargetingandPositioning(STP) 10
2.1.3.1BasesforSegmentation 11
2.1.3.2TargetMarketSelection 12
2.1.3.3Positioning 13
2.1.4MarketingMixStrategies 13
2.1.4.1ProductMixStrategy 14
2.1.4.2.MarketingThroughtheProductLifeCycle 15
2.1.4.3PricingStrategies 18
2.1.4.4MethodsofPricing 18
2.1.4.5PromotionalStrategies 19
2.1.4.6DistributionStrategies(Place) 22
2.1.4.7People 24
2.1.4.8Process 25
2.1.4.9PhysicalEvidence 25
2.1.5ThreeGenericStrategies 25
2.1.6CompetitiveStrategies 27
2.2.EmpiricalLiteratureReview 27
2.2.1TheMarketingStrategyPractice 27
2.2.2MarketingMixof4P’SforCompetitiveAdvantage 28
2.2.3StrategicMarketingandFirm’sPerformance 29
2.2.4TheEffectofMarketingMixinAttractingCustomers 29
2.2.5BrandEquityandBrandAwarenessonCustomerSatisfaction 30
2.3ResearchGaps 30
2.4ConceptualFramework 31
CHAPTERTHREE 32
3RESEARCHMETHODS 32
3.1.DescriptionoftheStudyArea 32
3.2.ResearchDesignandApproach 32
3.3.TargetPopulation 32
3.4.SamplingDesignandProcedures 33
3.5.TypesandSourcesofData 33
3.6.MethodsofDataCollection 33
3.7.MethodsofDataAnalysis 33
3.8.ValidityandReliability 34
3.9.EthicalConsiderations 35
CHAPTERFOUR 36
4RESEARCHWORKPLANANDBUDGET 36
4.1WorkPlan 36
4.2Budget 37
5REFERENCES 37
6APPENDICES 39
CHAPTERONE
1INTRODUCTION
1.1BackgroundoftheStudy
Homburg(2009)foundthatmarketingstrategyisaprocessthatenablesorganizationstofoc
ustheirlimitedresourcesonthegreatestopportunitiestoincreasesalesandachievesustain
ableadvantages.Themarketingstrategyincludesallthebasicandlong-
termactivitiesinthefieldofmarketing.Theseactivitiesinvolvetheanalysisoftheinitialsituati
onofthecompany'sstrategyandtheformulation,evaluation,andselectionofmarket-
orientedstrategies,thuscontributingtotheachievementofthecompany'sobjectivesandm
arketinggoals.
Weknowthatthedifferencebetweenmarketingandfunctionalareasisthatitisthemaincom
municationfocusthatoccursintheorganization'sexternalmarket,anditisakeypartoftheco
mpany'ssuccess.Therefore,tofindandretaincustomersbycreatingcompetitiveadvantage
s,companiesmustdesignappropriatemarketingstrategies."Marketingstrategyisakindof
marketinglogicthroughwhichthecompanyhopestocreatecustomervalueandachieveprof
itablecustomerrelationships"(KotlerandArmstrong,2012).Createcustomervalueandbuil
dlong-
termrelationshipswithahighlycapablebusinessenvironmentCompaniesmustcarefullyre
viewandobservetheenvironmentandtheirmarketingstrategies.
Themarketingstrategydeterminesthechoiceofmarketsegments,targetmarkets,positioni
ng,marketingmixandresourceallocation.Marketingstrategyincludesselectingandanalyzi
ngthetargetmarketandcreatingandmaintaininganappropriatemarketingmixthatmeetsth
etargetmarketandthecompany(Paul,1994).AsshownbyWindandRobertson(1983),mark
etingstrategiesclearlyfocusonseekinglong-
termconsumerandcompetitiveadvantages.Marketingstrategyistheboundaryfunctionbe
tweenacompanyanditscustomers,competitors,andotherstakeholders.
Marketinghasauniqueabilitytoevaluateconsumerneedsandbusinesspotentialtogainaco
mpetitiveadvantage.Themarketingdepartmentdevelopsstrategiesbasedoncompetitive
analysisfromconsumersandotherenvironmentalforces.Marketingstrategyisgenerallya"f
ourP"marketingmixdealingwithproducts,prices,promotions,andlocations.Allthevariable
softhemarketingmixcontributetothecompany'sformulationofmarketingstrategiesasac
ompetitiveadvantage(Jain,1997).
Theorganizationinquestion,DashenBrewery'swasestablishedin2000anditisownedbyEn
dowmentFundfortheRehabilitationofTigray(EFFORT)corporatewhichhas49%shareand
Duet,aUKinvestmentcompanywhichownsthemajority51%.TheDashenBreweryislocated
130kmnortheastofAddisAbaba,inDebreBirhanandoccupiesanareaof85,000squaremete
rsofland.ItalsostartedtoproduceDraughtbeerthatenjoyedpopularityandbigsales.
Therefore,thepurposeofthisstudyistoresearchDashenBrewery'smarketingstrategypract
ice.
1.2StatementoftheProblem
Itiswellnoticedthatweareliveinaverydynamicworld,especiallythebusinessenvironmentis
sodynamicandnewbusinessandmarketingmodels,strategiesandapproacheshavebeeni
ntheprocessofdevelopmentandimplementation.Copingonescomponytothosemodels,s
trategies,approaches,andtechnologiesisveryessential.Inresponsetothis,thisresearchwil
ltrytoinvestigatethestatusofDashenbreweryintheimplementationofmarketingmixesalig
ningitselfwiththecurrentglobaldynamicsanddevelopment.
Itisalsoverynaturalforanybusinessorganization,largeorsmall,privateorgovernment,natio
nalorinternational,tooperateinaturbulentanduncertainenvironment.Inthecontextofchan
gingcustomerexpectations,technologicaldiscontinuities,andincreasingenvironmentalu
ncertainty,businessmanagersarefacedwithmakingcorrectstrategicdecisionsandsetting
strategicprioritiestoeffectivelyallocateresourcestodifferentfunctionaldepartmentstoac
hievebusinesssuccessgreatchallenge.Therefore,managersmustdevelopnewtools,newc
oncepts,newstrategies,andnewwaysofthinkingtodealwiththeturbulentenvironmentthatl
eadstodiscontinuouschanges(Jain,1997).
Infact,whendoingbusiness,everythingmaynotbesmoothsailing.Marketingsuccessistheli
febloodofanybusiness.Everyoneknowsthatmarketingstrategiescanaffectacompany'sa
bilitytomakeaprofitormaintainbusiness.Similarly,DashenBeerfacessometroubletocom
pletethebrewingindustrystatusquowhenimplementingitsmarketingstrategy.Atpresent,f
oreigninvestmentinEthiopia'sbrewingindustryisexperiencingtremendousgrowth.Multin
ationalbeercompaniesareincreasinglyattractedtotheindustryandcontinuetoexpandtheir
influence.Localcompanieshavealsobeenacquiredbyinternationalcompanies.Dashen,He
inekenanddifferentproductsfromMeta,Raya,ZebidarandHabeshaaresomebrewingcom
paniesoperatinginEthiopia.DashenBreweryiscompetingwithexistingbrewingcompanies
andnewentrantsintermsofmarketvolume(Paloma,2021).
AlthoughDashenBreweryisoneofthelargestbreweriesinEthiopia,themarketingstrategypr
acticesofcompetitorshaveledcustomerstoswitchtonewproducts;newandexistingbrewe
riesareenteringthemarketinlargenumbersandexploitingtheirfullpotentialthroughpromot
ionandexpansionofdestinationstopenetratethemarket.Therefore,itisdifficulttoincrease
sales,profits,andcustomersatisfaction,andmayhaveanimpactonthecompany'smarkets
hare.Therefore,itisdifficulttomaintaincompetitivenessandmaintaingrowth.Inthiscase,c
ompaniesmustdesignappropriatemarketingstrategiesfortheirmainmarketingmixtoover
comefiercecompetition."Marketingmixisoneoftheleadingfactorsinmodernmarketing"(K
otler,Armstrong,Saunders&Huang,1999).
Inaddition,companiesneedtoproperlysegmenttheirproducts,targetmarketsandpositioni
ngtoformulateeffectivemarketingstrategythatenablesthemtoachievethecompany’sgoa
ls.Therefore,thecompany'smarketingstrategyneedstobereviewedandadjustedastheenv
ironmentchanges.
Thisresearcharisesfromtheneedtoresearchthecompany’scurrentmarketingstrategypra
cticesmoreeffectivelyfromthecompany'sperspective.Theseindustryissuesrequirecomp
aniestocontinuallyevaluateelementsoftheirmarketingstrategiestomaintainmarketcomp
etitiveness.
1.3ObjectivesoftheStudy
1.3.1GeneralObjective
ThegeneralobjectiveofthestudyistoassessthemarketingstrategypracticesofDashenBre
weryFactory.
1.3.2SpecificObjectives
Alongwiththegeneralobjectivespecificobjectivesoftheresearchare:
o TodeterminehowDashenBrewery'smarketingmixaspectsmeettheneedsofitscustome
rs.
o Toevaluatehowtheorganizationusesmarketsegmentation,targeting,andpositioningin
astrategicwaytoachieveitsgoal.
o ToidentifyissueswiththeDashenBreweryFactory'smarketingstrategyimplementation.
1.4ResearchQuestions
Thisresearchisdesignedtoanswerthefollowingresearchquestions.
1. HowareDashenBreweryfactory'smarketingstrategiesconnectedwithitsobjective,targetmar
keting,andmarketingmixtomeetclientneeds?
2. Whataretheaspectsofthemarketingmixthatareusedinmarketingstrategies?
3. HowdoesDashenBrewerysegment,position,andtargetitsproductstooutperformcompetitors
andmeetitsstatedobjectives?
4. Whatissueshaveyourunintowhenputtingthemarketingplansintoaction?
1.5Scope/DelimitationoftheStudy
Thestudy'spurposeistoexaminehowDashenBreweryimplementsitsmarketingstrategyto
achieveitsstatedgoals,whichwerealignedwithsegmentation,targetmarkets,positioning,
andthemarketingmix.Thisresearchislimitedtotheorganization'smarketingstrategypracti
ceswithconcernedpersonnel(marketingdepartmentstaffs).
Geographically,thisresearchwillonlyaddressDashenBreweryoffice,relevantdepartment
whohaveadirectexposuretothemarketingactivity.
1.6SignificanceoftheStudy
Thegoalofanybusinessorganizationistomaintainprofitabilitythroughtheproductionands
aleofproductsorservices.Oneofthemainactivitiesofatradingcompanyisdevelopingastro
ngmarketingstrategy.Themainsuccessorfailureofthecompanydependsonitsmarketings
trategy.
Therefore,theresearchisaimedathelpingcompanymanagementfocusitsattentiononthisi
mportantfunction,ithelpsbusinessesstrengthentheirposition,itminimizesanyinvestment
risk,anditidentifiespotentialthreatsandopportunities.Itwillalsohelptheorganizationwort
hpayingattentiontotheproblemsofthecompanyrelatedtotheimplementationofmarketing
strategies.
Theresearchwillalsocontributetotheadvancementoftheoreticalknowledgeandwillprovid
eusefuladditionalreferencedocumentsformarketingresearchers,consultants,andbusine
ssstudentsatdifferentlevelsbydeliveringthecurrentissuesandrelevantdataandinformati
on.
1.7LimitationsoftheStudy
Thepossiblelimitationsofthisresearchwouldbeinabilitytoaccesssecondarydocumentsa
vailableintheorganization,lackofaccesstoreachrelevantmanagersinpositions,wherethei
nformationtheyprovidedisvital,andemployee’slackofwillingnesstocompletequestionnai
res.
1.8OperationalDefinitions
Herearesomedefinitionsusedintheresearch.
MarketingStrategy:Amarketingstrategyreferstoabusiness'soverallgameplanforreachingpros
pectiveconsumersandturningthemintocustomersoftheirproductsorservices.Amarketingstrat
egycontainsthecompany’svalueproposition,keybrandmessaging,dataontargetcustomerdem
ographics,andotherhigh-levelelements.(Investopedia.com)
MarketingMix:Amarketingmixincludesmultipleareasoffocusaspartofacomprehensive
marketingplan.ThetermoftenreferstoacommonclassificationthatbeganasthefourPs:pr
oduct,price,placement,andpromotion.
1.9OrganizationoftheStudy
Thisstudyisorganizedintofivechapters.Thefirstchapterpresentsthebackgroundtheresea
rch,presentstheresearchquestion,thepurposeoftheresearch,theimportance,thescopeof
theresearchandthelimitations.Thesecondchapterisareviewoftherelatedliterature.Thethi
rdchapterfocusesonresearchmethodsandrelatedarguments.Thefourthchapterisdataan
alysisandresultsvisualization.Finally,Chapter5dealswithasummaryofthemainfindings,c
onclusions,andrecommendations.
CHAPTERTWO
2REVIEWSOFRELATEDLITERATURE
2.1.TheoreticalLiteratureReview
2.1.1MarketingStrategyOverview
KotlerandArmstrong(2012)definedamarketingstrategyasamarketinglogicthroughwhich
thecompanyhopestocreatevalueforcustomersandestablishprofitablerelationshipswith
customers.Fromtheabovedefinition,wecanunderstandthatmarketingstrategyfocuseso
nthecompany'slong-termgoalsandmaintaininglong-
termrelationshipswithcustomersisameanstoachievethecompany'sestablishedgoals.M
arketingstrategyinvolvestwokeyquestions:Whichcustomers(segmentationandpositioni
ng)willweserve?Howwillwecreatevalueforthem(differentiationandpositioning)?Then,th
ecompanydesignedafour-
Pmarketingplantoprovidetargetcustomerswiththerequiredvalue(Kotler,2012.)
Inanyenterprise,itisthecompanytoidentifyusersofproductsandservicesandatthesameti
mecreatesvaluethroughcustomersuccess.Key.Marketingstrategydeterminesthechoice,
positioning,marketingmixandresourceallocationoftargetmarketsegments.Marketingstr
ategyincludesselectingandanalyzingthetargetmarketandcreatingandmaintaininganapp
ropriatemarketingmixthatmeetsthetargetmarketandthecompany.Marketingstrategyisa
meanstoachievemarketinggoals.Itgenerallyreferstothefourelementsofthemarketingmi
x:product,price,promotionandlocation(McDonaldandDunbar,2007).Takingtheabovedefi
nitionintoaccount,thecompanydesignsanappropriatemarketingmixtodesignthebusines
stomaintainandmarketingstrategiestomeetcustomerneedstoestablishproductorservic
elines.
2.1.2ElementsofMarketingStrategy
Themarketingstrategyconsistsofseveralinterrelatedelements.Thefirstandmostimporta
ntthingistheselectionofthemarket,whichisdirectlyrelatedtotheselectionofthemarkettos
erve.Productplanningincludesthespecificproductssoldbythecompany,thatis,thecompo
sitionoftheproductlineandthedesignofindividualproductsintheproductline.Anotherelem
entisthedistributionsystem,thewholesaleandretailchannelsthroughwhichtheproductflo
wstothepeoplewhoultimatelybuyanduseit.Thegeneralcommunicationstrategyusesadv
ertisingtopresentproductstopotentialcustomersthroughradio,television,directmail,publi
cprinting,andpersonalsales,inordertodeploysalesteamstovisitpotentialcustomersande
ncouragethemtobuyandacceptorders.Lastly,pricingisanimportantelementofanymarketi
ngplanandthemostdirectmarketingelementthatcreatesshareholdervalue.Firmsmustset
pricesforproductstobepaidbydifferenttypesofcustomersanddeterminecommissionmar
ginstocompensateagents,wholesalers,andretailersfortransferringproductstoendusers(
Mongay,2006).
2.1.3Segmentation,TargetingandPositioning(STP)
Michael(2011)suggestedthat"almostallmarketingtextbookswilltellyouthatthekeytosuc
cessfulmarketingcanbesummedupinSTPstrategies,thatis,segmentation,positioningan
dpositioning."Thetermmarketsegmentationreferstosegmentingthemarketbasedoncert
aincommunities,similarities,oraffinity.That'swhatamemberofthemarketsegmenthasinc
ommon.STPmarketersattempttoidentifythosemarketsegments,conductmarketingactiv
itiesinmarketsegmentsthatmarketersbelievetheirbusinessismoresuccessfulthantheirc
ompetitors,andpositiontheirproductstoattracttargetmarketsegments.
Infact,eachbuyerhastheirownneeds,preferences,resources,andbehaviors.Sinceitisnoti
mpossibletoprovidethepersonalcharacteristicsofeachcustomer,marketersdividecusto
mersintomarketsegmentsbasedontheircommonvariables.Thesecommonfeaturesallo
wthedevelopmentofastandardizedmarketingmixforallcustomersinthismarketsegment.
Andrew(2010)ThegooduseofSTP(Segmentation,TargetMarketandPositioning)leadsto
marketsegmentationintohomogeneousgroups,andthenthesegroupscanbeprioritizedac
cordingtotheirpositionreturns,andthenoneormorecanbeselectedasservices/Becomean
objectofthetargetmarketandchooseamarketingmixtodothis.
2.1.3.1BasesforSegmentation
A. DemographicSegmentation
Inpopulationsegmentation,wedividethemarketintovariablessuchasage,familysize,famil
ylifecycle,gender,education;religion,race,generation,income,nationality,andsocialclass(
Kotler,2007).Gender,age,income,housingtype,andeducationlevelarecommondemograp
hicvariables.Somebrandsonlytargetwomen,whileothersonlytargetmen.Musicdownload
sareoftengearedtowardsyoungpeople,whileheadphonesaregearedtowardsolderpeople.
Educationlevelusuallydefinesmarketsegments.
B. GeographicSegmentation
Geographicsegmentationseparatesthemarketintogeographicalunitssuchascountries,st
ates,regions,cities,andneighborhoods(Kotler,2007).Thisisthemostprevalenttypeofmark
etsegmentation,inwhichcorporationsdividethemarketbyluringcustomersfromaspecific
geographicarea.Corporationsmay,forexample,choosetoselltheirbrandsinsomenationsb
utnotinothers.Abrandmayonlybesoldinasinglemarket,state,orregion.Geographicsegme
ntationcanbedoneinavarietyofways(urbanversusrural,northversussouth,seacoastsvers
usinterior,warmareasversuscold,highhumidityareasversusdryareas,highelevationversu
slowelevationareas,andsoon).
C. BehavioralSegmentation
Inbehavioralsegmentation,marketersdividethebuyersintogroupsbasedontheirknowledg
eof,attitudetowards;useof,orresponsetotheproduct(Kotler,2007).Behavioralsegmentati
onisbasedonactualcustomerbehaviortowardproducts.Somebehavioralvariablesinclude
Benefitssought,Usagerate,Brandloyalty,Userstatus:potential,first-
time,regular...,Readinesstobuy,Occasions:holidaysandeventsthatstimulatepurchases.
D. PsychographicorLifestyleSegmentation
PsychographicorLifestyleSegmentationisamethodofsegmentingwhichseekstoclassify
peopleaccordingtotheirvalues,opinions,personality,characteristics,interests,andsimilar
elements.Itsnaturemakestheapproachdynamic,asitiselementschange,lifestylealsowou
ldbealtered,andthesegmentationbasedonthistechniquemustbedynamic(Koyade,2014).
2.1.3.2TargetMarketSelection
Oncethecompanyhasidentifieditsmarketsegmentopportunities,itmustdeterminethenu
mberoftargetsandtargets(Kotler,2012).Accordingtotheabovedefinition,aftersegmentati
on,themarkettobeservedmustbedeterminedinthechoiceofdestinationmarketing.Segme
ntationistheactualchoiceofsegmentation.Agroupofbuyerswhohavethecommonneedso
rcharacteristicsofthecompany'sservices.Kotler,etal.,(2010)believethatmarketsegment
ationrevealsthecompany'smarketsegmentationopportunities.Thecompanymustnowev
aluateeachmarketsegmentanddecidehowmanyandwhichmarketsegmentsitcanbestser
ve.
Targetedmarketinghelpsmarketersbetteridentifymarketingopportunities.Sellerscanfor
mulateappropriatequotesforeachtargetmarket,wheretheycanadjustprices,distributionc
hannels,andadvertisementstoeffectivelyreachthetargetmarket.AsKotler(1999)said,obj
ectivemarketingrequiresthreemainsteps;thefirstismarketsegmentationthatis,identifyin
gandanalyzingthebehaviorofdifferentgroupsofbuyers,whomayrequireseparateproduct
sand/ormarketingcombinations.Thesecondstepismarketpositioning,thatis,theactofch
oosingoneormoremarketsegmentstoenter.Thethirdstepismarketpositioning,thatis,thea
ctofestablishingandcommunicatingthekeydifferentiatedadvantagesoftheproductinthe
market.
2.1.3.3Positioning
"Theproductiscreatedinthefactory,butthebrandiscreatedinthemind,"saidapositioningex
pert(Kotler,etal.,2010).Oneofthemostcriticalstrategicdecisionsacompanyfacesishowto
"position"itselfinacompetitiveenvironment.Fromtheperspectiveofmarketingfunctions,a
lternativesareusuallyexpressedintermsofproductpositioning:acombinationofproductde
signfeatures,pricing,distribution,andpromotion/disseminationmethodsthatdifferentiat
etheproductfromthecompanyandcompeteforrelatedservicesanddosuitablefordifferent
marketsegments(Ghose,2008).Similarly,asdescribedbyCravensandPiercy(2009),the4P
(product,distribution,price,andpromotion)strategyofthemarketingplanselectedforeach
marketgoalimplementspositioningstrategiestoachieveafavorablepositioning,andatthe
sametimefinancial,humanandproductionresourcesDistributetomarkets,customers,and
productsinthemosteffectiveandefficientway.
Positioninganswersthequestion:Whywouldpeopleinthetargetmarketbuymyproductorse
rviceinsteadofcompeting?Anequivalentquestionis:Whatshouldbetheperceivedvalueof
myoffercomparedtothecompetition?(Kotler,2007).Positioningistheuseofmarketingtoal
lowpeopletoformamentalimageofyourproductintheirminds(relativetootherproducts).P
ositioningreferstohowthetargetmarketshouldviewtheproductorservicecomparedtocom
petitors.
2.1.4MarketingMixStrategies
AsstatedbyKotler(2003)``Marketingmixdescribesthesetoftoolsthatmanagementcanus
etoinfluencesales``.Tomaximizesales,wehavedifferentkindoftools.Theformulationiscal
ledthe4Ps,price,place,andpromotion.
Itisaplannedmixofthecontrollableelementsknownasa“mix”becauseeachingredientaffec
tstheotherandthemixmustoverallbesuitabletothetargetcustomer.Kotler(2003)alsoadde
dotherthreePs:People,Process,andphysicalevidence.Aprofitableformulaformarketingo
perationismostlythatmarketingmixchangesaspermarketingconditionsandwithchangin
gmarketingfactors.
Themarketingtoolsareclassifiedintofourbroadgroups,calledthefourPsofmarketing:prod
ucts,price,place,andpromotion.Todeliveronitsvalueproposition,thefirmsfirstcreateanee
dsatisfyingmarketoffering(product).Itmustdecidehowmuchitwillchargefortheoffering(
price)andhowitwillmaketheofferingavailabletotargetconsumers(place).Finally,itmustco
mmunicatewithtargetcustomersabouttheofferingandpersuadethemofitsmerits(Kotlera
ndArmstrong,2012).
2.1.4.1ProductMixStrategy
Theproductmixofanindividualcompanycanbedescribedintermsofwidth,length,depth,an
dconsistency.Thewidthreferstohowmanydifferentproductlinesthecompanycarries.Thel
engthreferstothetotalnumberofitemsinthemix.Thedepthofaproductmixreferstohowma
nyvariantsofeachproductareoffered.Theconsistencyoftheproductmixreferstorelatethe
variousproductlineshowcloselyareinenduse,productionrequirements,distributionchann
els,orsomeotherway(Kotler,2007).
Kotler(2000)definesthatproductisanythingthatcanbeofferedtothemarkettosatisfyawan
toraneed.Productsincludephysicalgood,services,experiences,events,persons,places,pr
operties,organization,information,andideas.Thecustomerwilljudgetheofferingbythreeb
asicelements:productfeaturesandquality,servicemixandquality,andpriceappropriatenes
s.Asaresult,marketersmustcarefullythinkthroughthelevelatwhichtheyseteachproduct`s
features,benefitsandquality.
Aproduct,serviceisthestartingpointofallmarketingactivities.Aproductisacombinationof
differentattributes.Itcomprisesofphysicalfactorssuchascolor,design,features,performa
nceandnon-
physicalfactorslikevalue,qualityetc.Productplanninginvolvesavarietyofdecisiontobetak
enfirmlytobringtheproductinthemarket.Whenwethinkaboutproduct,wehavetotakeconsi
deration:Designisveryimportantinatoday`sworldasitisallaboutgainingattention,focusing
itontheproductandinfluencingthepurchasedecisionofthecustomers.Thedesignisdirectl
ylinkedtoshowsuccessandmakesthedifference;Technologymustbeusedtodevelopuserf
riendlyproductswithproductdifferentiation.
Usefulnessofproductcanincreasemarketshareoftheproductasitisveryessentialcompon
enttohavecompetitiveadvantageinthemarketaproductshouldbedevelopedkeepingextra
usesincomparisontosametypeofproductavailableinthemarket.Productdifferentiationis
establishedinthemarketbyincreasingtheusefulnessofaproduct.Valueissomethingwhich
isalookaroundofcompanieswhiledevelopingaproductsothatifcustomersarepayingthen,
theyshouldnotfeelthattheyhavebeenchargedmorethanthemanufacturingcostoftheprod
uct.Hencehigh-
performanceproductwhichmeetsorexceedsacustomerdemandrelatedtoaproduct`sperf
ormanceshouldbedeveloped.
Convenienceisafactorrelatedtousageoftheproductandtheproductshouldbringeaseinlife
ofcustomer.Qualityproductisoneofthemarketers`smajortools(KotlerandArmstrong,201
2).Packagingisusedforraisingtheproduct`svalue.Packagingincreasestheperceptualexp
eriencesaboutthequalityoftheproduct.
Packagingplaystheroleofattentiongetterwhichstartsthesalesprocess.Itprovidesinform
ationaboutproductattributessuchasprice,quality,quantity,instructionforuseandotherpro
ductinformation(Koyade,2014).Kotler,et.al.(1999)definesBrandinghasbecomeacentrali
ssueinaproductstrategy.Ontheonehand,developingabrandedproductrequiresagreatdea
loflong-
termmarketinginvestments,especiallyforadvertising,promotion,andpackaging.Brandin
gusuallyassureshighoratleastconsistentqualityandhenceencouragesrepeatpurchase.
Warrantiesgiveanassurancetothecustomeraboutaftersalesservicewhichassuresthecus
tomeraboutthedurabilityoftheproductandmaintainssatisfiedcustomersinthemarket.
2.1.4.2.MarketingThroughtheProductLifeCycle
Intoday'shighlydynamicmarketingenvironment,thecompany'smarketingstrategymustc
hangewithchangesinproducts,markets,andcompetitors.Here,wedescribetheconceptoft
heproductlifecycle(PLC)andthechangesthecompanymakesastheproductgoesthroughe
achstageofthelifecycle.Kotler(2007)saidthatthelifecycleofaproductincludesfourthingst
oconfirm.
Productshavealimitedlife
Productsalespassthroughdistinctstageswithdifferentchallenges,opportunities,andpr
oblemsfortheseller.
Profitsriseandfallatdifferentstagesoftheproductlifecycle.
Productsrequiredifferentmarketing,financial,manufacturing,purchasing,andhumanre
sourcestrategiesineachstage.
A. MarketingStrategies:IntroductionStage
Asittakestimetolaunchnewproductsandfillupdistributionchannels,salesgrowthtendsto
beslowatthisstage.Thereareseveralreasonsfortheslowgrowth:delaysinexpandingcapac
ity,technicalissues("fixingerrors"),delaysinobtainingsufficientdistributionthroughthepoi
ntofsale,andcustomers'unwillingnesstochangeestablishedbehaviors.KotlerandArmstr
ong(2012)insistthattheintroductionphaseisaperiodofslowsalesgrowthastheproductisi
ntroducedtothemarket.Duetothehighcostofintroducingproducts,thereisnobenefitatthis
stage.
B. MarketingStrategies:GrowthStage
Thegrowthperiodischaracterizedbyrapidsalesgrowthandbeingattractedbyopportunities;
newcompetitorsenterwithnewproductfeaturesandexpandeddistribution.Pricesremaint
hesameorfallslightly,dependingonthespeedofdemandgrowth.Thecompanymaintainsor
increasespromotionalexpensestorespondtocompetitionandcontinuetoeducatethemar
ket.
Kotler(2007)suggeststhatinthegrowthstage,companiescanusesixstrategiestoachieves
ustainablemarketgrowth:
Improvingproductqualityandaddingnewproductfeaturesandimprovedstyling.
Addingnewmodelsandflankerproducts.
Enteringnewmarketsegments.
Increasingdistributioncoverageandenteringnewdistributionchannels.
Shiftingfromproductawarenessadvertisingtoproductpreferenceadvertizing.
Loweringpricestoattractthenexclaimerofpricesensitivebuyers.
C. MarketingStrategies:MaturityStage
Atsomepoint,salesgrowthwillslowdown,andtheproductwillenterarelativelymaturestage.
Thisstageusuallylastslongerthanthepreviousstagesandposesastaggeringchallengefor
marketingmanagement.Mostproductsareinthematurestageofthelifecycle,andmostmar
ketingmanagersdealwiththemarketingproblemsofmatureproducts.
Thethreestrategiesinthematurestagearemarketfit,productfit,andmarketingmixfit(Kotler,
2000).
Markettransformation:TheCompanycantrytoexpandthemarketofitsmaturebrandbyexp
andingthebrand'susers.Productmodification:Themanagertriestosimulatesalesbymodif
yingproductcharacteristicsbyimprovingquality.Modifythemarketingmix:Productmanag
erscantrytostimulatesalesbymodifyingotherelementsofthemarketingmix,suchaspricin
g,distribution,advertising,promotion,personalsales,andservices.
D. MarketingStrategies:DeclineStage
Assalesandprofitsfell,somecompanieswithdrewfromthemarket.Therestcanreducethen
umberofproductstheyprovide.KotlerandArmstrong(2012)pointedoutthattherearemanyr
easonsforthedeclineinsales,includingtechnologicaladvancement,changingconsumerte
stingandhighercompletionrates.Withthedeclineinsalesandprofits,somecompanieswith
drewtheircompaniesfromthemarket.
Theremainingpeoplecanreducetheirproductsupply.Theycanwithdrawfromsmallermark
etsegmentsandweakerbusinesschannels,andtheycancutpromotionalbudgetsandfurthe
rreduceprices.
2.1.4.3PricingStrategies
Priceistheonlyiteminthemarketingmixthatgeneratesrevenue,andallotheritemsrepresent
costs.Priceisalsothemostflexiblefactorinthemarketingmix(KotlerandArmstrong,2012).
Asmentionedabove,afterweproducetheproduct,wemustsellitaccordingtothesetprice.A
nimportantfactorinpricingistodeterminethecostoftheproduct,marketingstrategy,anddis
tribution-
relatedexpenses,advertisingexpensesoranytypeofpricechangeinthemarket.Themostim
portantelementofaneffectivemarketingstrategyistheabilitytomaximizeandprotectprodu
ctprices.Becausepriceistheultimatemeasureofcustomervalueandcompetitiveadvantag
e.
2.1.4.4MethodsofPricing
A. CostBasedPricing
Kotler,et.al(1999)definedcostpluspriceasaddingastandardmargintoproductcost.Tocalc
ulatethecostofaproduct,wemustincludethecostofproduction,promotion,anddistribution.
Addthelevelofprofityouwantfromthecompanytotheproductcostsubtotaltodetermineyo
urproductprice.
Theamountofprofityouaddtotheproductcostsubtotalcanbesetaccordingtothreedifferen
tmethods(thepercentageofprofitandproductcost,thepercentageofunknownproductcos
t,andthecombinationoftotalprofitandproductcost)cost).Eachofthethreecost-
basedpricingmethodsdescribedstartswithasubtotalofproductcosts.Therefore,thecomp
anydesignswhatitconsidersagoodproduct,calculatesthetotalcostofmanufacturingthepr
oduct,andsetsapricethatcoversthecostplusthetargetprofit.
B. CompetitionBasedPricing
Consumerswillbasetheirassessmentsofaproduct'sworthonthepriceschargedbycompet
itorsforsimilaritems(Kotler,et.al1999).Themainbenefitofcompetitivepricingisthatitkeep
syoufocusedonyourindustryand,asaresult,yourcompetitors.Anindustryemphasisexami
nesthevarioustypesofcurrentandemergingcompetition.Youcanbetterdecidehowyouwill
manageyourfirmafteryouknowwhatyourcompetitionsaredoing.
C. ValueBasedPricing
Value-
basedpricingmeansthatamarketercannotcreateaproductandmarketingstrategybefored
ecidingonaprice.Beforedecidingonamarketingstrategy,theprices,aswellastheothermark
etingmixcomponents,areconsidered.Customers'assessmentsoftheproduct'svalueguid
edthecompany'stargetpricing.Thedesiredvalueandpricearethenusedtoguidedecisionsa
boutproductdesignandtheamountofmoneythatcanbespent.Asaresult,pricingstartswith
ananalysisofcustomerneedsandvalueperceptions,andapriceissettomatchtheperceived
valueofthecustomers(Kotler,et.al1999).
2.1.4.5PromotionalStrategies
Promotionreferstoeffortsthatexplainaproduct'sbenefitsandpersuadetargetcustomerst
obuyit(KotlerandArmstrong2012).Promotionaidsthemerchantandsalesteamineffective
lyrepresentingtheproducttoconsumersandpersuadingthemtobuy.Promotionismadeup
ofvariouscombinationsofitscomponentsthatareutilizedtomeetthecompany'smarketing
objectives.
PromotionalMix
AccordingtoAndrew(2010)theelementsofpromotionalmixare:personalselling,salespro
motion,publicrelation,andadvertising:-
Advertising
Advertisingisanimportantpartofpromotionandoneofthemostvisibleaspectsofamarketin
gcommunicationsstrategy.Advertisingisaformofnon-
personalcommunicationthatispaidanddeliveredthroughmediasuchastelevision,radio,m
agazines,newspapers,directmail,outdooradvertisements,theInternet,andmobiledevices.
Advertisingpromotesavarietyofcommodities,services,ideas,causes,people,andanythin
gelsethatmarketerswishtoexpresstopotentialbuyers.Therearetwoformsofadvertising:i
nstitutionalandproductadvertising,whichareemployedinbothconsumerandcorporatema
rkets.
InstitutionalAdvertisingInstitutionaladvertisingpromotesafirm’simage,ideas,andcultur
e,withthegoalofcreatingormaintaininganoverallcorporateimage.
ProductAdvertisingProductadvertisingpromotesaproduct'simage,features,application
s,benefits,andqualities.Therearemanydistincttypesofproductadvertising.(2011,Ferrella
ndHartline)Marketingmanagersmustalwaysbeginbyestablishingthetargetmarketandbu
yermotivationswhencreatinganadvertisingcampaign.Thentheycanmakethe"fiveMs.,"or
bigdecisions,whichareasfollows:Whatarethegoalsofouradvertisingcampaign?Money:H
owmuchcanwespend,andhowcanwedivideitupamongdifferentsortsofmedia?Whatkind
ofmessageshouldwesend?Whatkindofmediashouldweuse?Measurement:
PersonalSelling
Personalsales:Anyoralstatementmadeinaconversationwithoneormorepotentialbuyerst
omakeasale(Kayode,2014).Personalsalesareaneffectivewaytomanagepersonalrelation
shipswithcustomers.Theselleractsonbehalfoftheorganization.Theyareusuallywell-
trainedinpersonalsalesmethodsandskills.Personalsalesareveryconvincingandareoften
usedinmarketswherepersonalchoiceshaveagreatinfluenceonpurchases(Andrew,2010).
Comparedwithothertypesofpromotions,personalsalesarethemostaccurateformofcom
munication,becauseitcanensurethatthecompanyhasdirectcontactwithexcellentpotenti
alcustomers.Althoughone-on-
onecontactisverybeneficial,itisnotwithoutitsdrawbacks.Themostseriousdisadvantageo
fpersonalsalesisthecostpercontact.Staffsalesarealsoexpensiveduetothecostsassociat
edwithrecruiting,selecting,training,andmotivatingsalesstaff.(FerrellandHartlin,2011).
SalesPromotion
Promotionalactivitiesareakeycomponentofmarketingactivities,consistingofaseriesofin
centivetools,mainlyshort-
term,aimedatstimulatingconsumersorindustriestobuyspecificproductsorservicesfaste
rormore.Advertisingprovidesareasontobuy,whilepromotionsofferincentives.Promotion
sincludeconsumerpromotionaltools(samples,coupons,cashbackoffers,pricereductions,
giveaways,prizes,sponsorshiprewards,freetrials,warranty,jointpromotions,cross-
promotions,point-of-
saledisplaysanddemos.purchase),commercialpromotions(pricediscounts,advertising)
andexhibitionbonuses,aswellasfreemerchandise),aswellascommercialandsalesforcep
romotion(fairsandconferences,salesrepresentativecompetitionsandprofessionaladver
tising).
Promotionalactivitiescarriedoutinamarketwithhighbrandsimilaritycangenerateagreater
salesresponseintheshortterm,butinthelongtermthebrandpreferencehasalmostnoperm
anentbenefits.Inamarketwithverydifferentbrands,theymaybeabletopermanentlychange
marketshare.(KotlerandKeller,2012).Promotioninvolvesactivitiesthatcreateincentivesf
orbuyerstobuyproductsoraddvaluetobuyersortransactions.Promotionscanbetargeteda
tconsumers,channelbrokers,orsalesteams.Promotionincludesavarietyofpromotionalel
ementsbecauseitincludesactivitiesotherthanadvertising,publicrelations,andpersonnels
ales.(FerrellandHartlin,2011)
PublicRelations
Publicrelationisdefinedasaconscious,planned,andcontinuousefforttoestablishandmain
tainmutualunderstandingbetweenanorganizationanditspublicandpublicrelationsresear
chinstitutes.Publicrelationscanbedividedintoactivecommunicationaimedatgeneratingu
nderstandingandpassivecommunicationaimedateliminatingmisunderstandings.(Andre
w,2010.)Notonlymustthecompanyinteractconstructivelywithcustomers,suppliers,anddi
stributors,butitmustalsointeractwithmanyinterestedaudiences.Theaudienceisanygrou
pthathasrealorpotentialinterestorinfluenceinthecompany'sabilitytoachieveitsgoals.Pub
licrelationsincludevariousprogramsthatpromoteorprotecttheimageofacompanyorindivi
dual'sproducts.Smartcompanieswilltakeconcretestepstomanagesuccessfulrelationshi
pswithkeyaudiences.(KotlerandKeller,2012).
PromotionalTools
Mediacommunicationisveryimportantinoursociety.Throughthemedia,wecanbeaffected.
Themediacanmakepeopledrinkjuiceoralcoholorgotoacertainstore.Advertisingandconti
nuedattentionandinterestinsomethingwilleventuallygetotherstofollowortry(McGraw,20
04).Somemediacommunicationtypesshownbelow:
Televisions-
Televisionnewsusuallytellsfewerstoriesinfewworlds.Andtheproducerdecideswhichstor
iestoincludeinnewscasts,howlongtheyshouldbeandinwhatordertheyappear.
Radio-
radiostationscanbegreatforreachingawideaudiencetheirnewsdepartmentsusuallycover
newswiththesmalleststaffs,intheshortesttimeforeachstory,andwiththemostfrequentde
adlines.
Magazineandotherpublication-
areawaytoreadaveryspecificaudiencewithastory.Thesepublicationsaretypicallyorganiz
edaroundaninterestgroupsuchasbusiness,healthcareorhighereducation.
NewspaperandInternet-
Itisthemostsimpleandcheapwaytofindoutlatestnews.Tosupporttheaboveidea,commun
icationthroughthemediaindicatesthepublicandtheinformationwegatherandsenttothepu
blic.Themassmediacaninfluenceanentirenationveryeasily.Therefore,thecompanyusingt
hesemediashouldcareintransferringtheirproducts.
TradeFairsandExhibitions-
Thegoaloftradeshowsandexhibitsistoraiseawarenessandencouragetrial,mostlythrough
directinteractionbetweentheproviderandthecustomer.Theyprovidecorporationswiththe
opportunitytoconnectwithboththetradeandthepublic,andforbothtodeveloptiesoutsideof
regularsalesmeetings.They'reoftenemployedinbusiness-to-
businessmarketing,particularlyfortechnologyandengineering-
relateditems.(Andrewetal.,2010).
2.1.4.6DistributionStrategies(Place)
Distributionisthephysicalmovementofgoodsfromproducertowholesaler,fromwholesale
rtoretailer,andfromretailertoconsumer(Manmohan,2012).Itincludesdistributionchannel
s,warehousingfacilities,transportationmethods,andinventorycontrolmanagement,maki
ngitamechanismfortransferringgoodsandservicesfromserviceprovidersandmanufactu
rerstoconsumers.Iftheproductisacommercialproduct,acommercialteamisrequiredtoint
eractwithdifferentcustomersandensuretheavailabilityoftheproduct.Distributionhasalar
geimpactonprofitability,sothecompanymusthaveanexcellentsupplychainmanagement
andlogisticsplanfordistribution.Thefourvariablesofthemarketingmixareinterrelated.Ast
hepriceoftheproductrises,thedemandfortheproductwilldecreaseandadistributionpoint
willbeneeded.
Kotler(2003)recognizedthatdistributionchannelsaredynamic.Ifusedproperly,theycancre
ateacompetitiveadvantage,butifdebtisused,itwillbecomeacompetitiveliability.Theovera
llmarketingmixcangenerateadynamicmodelbasedoncustomerfeedbacktoimprovethepr
oduct,anditcanbereleasedasanupdatedproduct.
ChannelofDistribution
Thedistributionchannelconsistsofanetworkofintermediarieswhomanagetheflowofgoo
dsandservicesfromtheproducertotheendcustomer.Thedistributionsystemconsistsofint
ermediarychannelsthatprovidelinksbetweenproducersandfinalconsumers.Thechannel
susedbythemarketingsystemcanmaximizeefficiencyandeffectiveness,minimizecosts,a
ndprovidemaximumcustomersatisfaction(KotlerandArmstrong,2010).
Commercialintermediaries:includingwholesalersandretailerswhoownandresellgoods.A
gencyintermediaries:includingsalesbranchesandofficesofagents,brokersandmanufact
urersthatdonothaveownershipofthegoodsinvolved.Theyprefertonegotiatepurchases,sa
les,orboth.
Thelongestandmostindirectchannelsincludeproducers,oneormorewholesalersoragent
s,retailers,andconsumers.Thischannelismostsuitablewhenthemanufacturer'sgoalistoa
chievemaximummarketpenetrationthroughintensivedistribution.
Theshortestchannel,fromproducertoconsumer,providesthemostdirectandfastestwayof
distributionbecausethereisnointermediaryinvolved.Itiseasiertomanageandcontrol(And
ersonandVince,2000).
FerrellandHartlineoutlinedthoseindustrialusershavedifferentpurchasingmethodsandco
nsumerneeds;theyusedifferentdistributionchannels.Thefivecommonchannelsforgoods
are:
ChannelA:ProducerIndustrialuser:Thisisthemostcommonmethodofdistributionformajo
requipmentusedinmanufacturingandotherbusiness.Themanufacturer’ssalesforcecalls
ontheindustrialusertosellgoodsandservices.
ChannelB:ProducerIndustrialdistributorsIndustrialusersthischannelisusedmostoftenfo
rsmall,standardizedpartsandoperationalsuppliesneededtorunabusiness.Industrialwhol
esalers(distributors)takeownershipofproducts,stockthem,andsellthemasneededtoindu
strialusers.
ChannelC:IndustrialdistributorsProduceragentsUsersintheindustrialsectorThischannel
maybeusedbysmallproducerswhodonothavethetimeorresourcestoinvestinadirectsales
team.Thecommoditiesaresoldbytheagencytoanindustrialwholesaler,whothenwarehou
ses,resells,andshipsthemtoindustrialusers.Thebenefitofthisstructureisthatboththeage
ncyandtheindustrialwholesalersarelikelytobeindustryspecialists.Asmallmanufacturer
maynotbeabletomatchtheirreputationorservicesonitsown.
ChannelD:AgentsforManufacturers/ProducersUsersintheindustrialsector:Whenamanu
facturerdoesnotwanttohireitsownsalesforce,thisisanotheroption.Theagentactsasasale
srepresentativeforthecompanybutdoesnotholdanypositionortitle.Theindustrialuserrec
eivestheproductstraightfromthemanufacturer.Thisisacommonapproachtopromotecon
structionequipment,farmproducts,anddrycommodities.Infact,accordingtoFerrellandHa
rtline(2011),directdistribution(channelA)isthemostregularlyutilizedchannelintheindustr
ialmarket,whereasitistheleastcommonlyusedchannelintheconsumermarket.
2.1.4.7People
Individualsbuyfrompeopletheylike;thus,allemployees'attitudes,talents,andappearance
mustbetop-
notch,accordingtoAndrew(2010).Thequalityofserviceprovidedtoconsumersisdetermin
edbythepeoplethatworkforafirm.Thisistrueforservices,butitalsoaffectsbusinessesthat
producetangiblegoods.Customersarehappywhentheiremployeesarehappy,skilled,andd
riven.Iftheyarewelltaughtandhiredfortheirpositiveattitudetowardconsumers,theyaremo
relikelytothinkaboutthecustomerandprovidegoodcustomerservice.Asaresult,ahighdegr
eeofpre-salesandafter-
salessupportandadvicecangiveacompanyacompetitiveadvantageovercompetitors.
2.1.4.8Process
Processisaserviceaspectinthemarketingmixthatinvolvestheclientexperiencinganorgani
zation'soffering.(Andrewetal.,2010).Customers'perceptionsofthecompany'sbusinesspr
ocessareinfluencedbytheprocessofdeliveringproductsandservicestothem.Byexaminin
galltheprocessesinvolvedinbringingproductstocustomers,thecorporationcanidentifydif
ficultiesandservecustomersinamorestructuredandappealingmanner.
2.1.4.9PhysicalEvidence
Physicalevidencereferstothetypeofimagethatacompanyprojectsthroughitsphysicalpre
sence,suchasitslocations,theappearanceofitsemployees,anditscars.Customerswhodo
nothavetheabilitytosee,touch,andtrybeforetheybuyaremoreinclinedtojudgeyoubasedon
theimageyoupresent.Andrew(2010)considersphysicalevidencetobeanimportantcompo
nentofaservice.
2.1.5ThreeGenericStrategies
CostLeadership
Porter(1990)pointedoutthatchoosingalowercoststrategymeansthatthefirmcanproduce
theproductcheaperthanitscompetitorsandtherecanonlybeonecostleader.Thesourcesof
costadvantagedependonthestructureoftheindustry.Itisnecessarythatthefirmhasabroad
targetandservesmorethanonesegment.Alotofcompaniesmayevenoperateupordownstr
eamsintheindustry.Thefirmoftensellsstandardatacceptablequalityandservice.
AccordingtoShapiroandVarian(1999)afirmthatcansellmorethanotherFirmswillhavethel
owestaveragecost.Thisallowsthefirmtomakemoneywhenotherscannot.Buttosellmoret
hefirmwillneedtolowertheprice;thisalsomeansthatthefirmhasasmallerprofitoneachunit
sold.IfthisworksoutthefirmhastomakeupforthelostRevenuesinvolume.Intraditionalindu
striesreducingtheaveragecostofproductionisfocusingoncuttingdowntheunitcostofprod
uction.
Differentiation
BychoosingadifferentiationstrategyPorter(1990)meansthatthefirmcanprovideuniquea
nd/orsuperiorvaluetotheproductmoreefficientlythroughquality,specialfeaturesorafters
aleservice.Therecanbemanydifferentiatorsinanindustry.
Differentiationallowsthefirmtoaddapremiumvaluetotheproduct,whichleadstoahigherpr
ofitthanthatofthecompetitors.Thedifferentiatedfirmmakeshigherrevenueperunitthanth
ecompetitors,becauseofthebuyer`sspecialdemand.
ShapiroandVarian(1999)pointedoutthatifthefirm`sstrategyisdifferentiation,thefirmmus
taddvaluetotheproduct,therebydistinguishingtheproductfromthecompetingproducts.
Focus
AsPorterpointedout,companiesinthesameindustrycanchoosedifferentareasofcompetit
ioninthesamemarketsegment.Thebasicchoiceisbetweenwidetargetsandarrowtargetsi
nthesameparagraph.Thestrictlydefinedtargetisaclearlydefinedmarket,whilethebroadly
definedtargetisabroadermarketdefinedfromabroaderperspective.
AccordingtoShapiroandVarian(1999),theapproachisachievedthroughpersonalizedprod
ucts.Ifabusinesssucceedsincreatinguniqueproducts,itwillhaveabreatherincustomizing
pricinganddesigningproducts.Therearetwowaystoaddmorevaluetoauniqueproductsoth
atyoucanfocusonalimitedgoal.Oneispersonalizationorpersonalization,creatingmoreval
ueforcustomers;providingvalue-
addedservicestoachieveacloserrelationshipbetweencustomersandpersonalizedproduc
ts.Thesecondistoestablishapricingagreementtogetasmuchvalueaspossible.
2.1.6CompetitiveStrategies
Porter(1990)arguedthateverycompanyhasacompetitivestrategy,whetherofficialorunoff
icialforthemarket.Thereisaframeworkoffourkeyfactorsthatcompaniescanformulateasa
competitivestrategy.Thefirstisbasedonthestrengthsandweaknessesofthecompanyand
describestheassetsandskillscomparedtocompetitors.Thiskeyfactorincludesfinancialre
sourcesandtechnicalskills.Anotherkeyfactoristhevalueofthecompany'semployees.
Thisfactorprovidesthecompanywiththemotivationandtheneedtoimplementthestrategy.
Togetherwiththestrengthsandweaknesses,itdeterminestheinternallimitsofthestrategyt
owhichthecompanycansuccessfullyadapt.Externalconditionsaredeterminedbythebran
chandthesurroundingenvironment.Thepossibilitiesandthreatsofthedevelopmentofthec
ompanyuserisksandpossibilitiestosolvethecompetition.Thelastkeyfactorincludessocia
lexpectations,governmentpolicies,socialcommitments,andthedevelopmentofnorms.
AccordingtoDavidson(2001),thecompany'scompetitivestrategyistoselectfavorableindu
stries.Therearetwomainproblems,theyallmustwork,otherwisethecompanywillnotmake
anysensetoenterthisindustry.Thefirstislong-
termprofitabilityandthefactorsthatdetermineit.Thesecondisthecomponentthataffectst
hepositionofthecompanyinthemarket.
2.2.EmpiricalLiteratureReview
2.2.1TheMarketingStrategyPractice
Abeselom(2013)conductedasurveyentitled"EthioTelecomMarketingStrategyPracticeEv
aluation".Thisstudyusesacombinationofprimaryinformationandsecondaryinformation.
Themaindataiscollectedthroughclosedquestionnairesdistributedtoemployeesinthemar
ketingdepartmentandpersonalinterviewswiththecompany'stopmanagement.Theselecti
onofrespondentswasconductedusingacensus.From52questionnaires,50availableques
tionnaireswerecollected,andinterviewquestionsweresenttothecompany's3CEOsforfilea
nalysis.
Theresearchresultsshowthatthemainreasoncustomersbuythecompany’sproductsands
ervicesisbecausecustomersdidnotchoosetobuyfromothercompetitors,andthecompany’
sproductandservicequalitywasratedasbelowaverage.Thecompany’sproductsandservic
esareaffordable,thecompany’sproductsandservicesareavailableandaccessible,andthe
communicationefficiencybetweenthemarketingdepartmentandotherdepartmentsisbel
owaverage.Thereisnosegmentationbetweenresidentialcustomersandthecompanythati
sfacingtheimplementationofmarketingstrategiesproblem.
Amongmiscommunicationproblems,structuralproblemsofthemarketingdepartment,lac
kofcoordinationandnetworkqualityproblemsarethemainproblems.Overall,researchsho
wsthatmarketingelementsareimportantdeterminantsofmarketingstrategies.Themarket
ingmixwillalsoincreasecustomerengagementandenhancethesenseofpartnership.Onthi
sbasis,itisrecommendedthatEthiopianTelecomresearchitsmarketingstrategyandre-
examineitscurrentperformanceinresponsetothisissue.
2.2.2MarketingMixof4P’SforCompetitiveAdvantage
Meera(2012)alsoconductedastudycalled"4pmarketingmixforcompetitiveadvantage".A
ccordingtoresearch,themarketingmixisthebasicvariablebeforelaunchinganewproducto
rservice.Thecompanymustalsoplanforthesedifferentcomponents,whichareproducts,pri
ces,promotions,andlocations.Themainobjectiveofthisarticleistodescribetheimportanc
eoftherelationshipbetweenthedifferentcomponentsofthemarketingmixtoobtainacomp
etitiveadvantageinthemarket.Theresearchfocusesonthebroadvisionofthe4Pmarketing
mix,becausethebiggestchallengemarketersfaceintoday'sworldisdesigninganoptimalm
arketingmixthatconsiderscustomersatisfactionandorganizationalgoals.Therefore,aco
mpanythatcanpulloffthebestmarketingmixintheworldtodaywillsurelyachieveitsstatedor
ganizationalgoalsandsatisfyitscustomers.
Theresearchersconcludedthatallelementsofthemarketingmixmustbecarefullymodified
andintensivelystudied.Thepromotionaltoolsdependonthetypeofproduct,thepriceofthep
roductandtheproceduretoreachthecustomerwhiledeterminingthepriceoftheproduct;Th
eimportantthingstoconsiderarethecostofmanufacturingtheproduct,thecostofpromotio
nandtheamountofmoneygeneratedbytheproductanddistributionchannel.
2.2.3StrategicMarketingandFirm’sPerformance
Akinyele(2011)conductedresearchtoinvestigatetheimpactofstrategicmarketingandco
mpanyperformanceonNigeria’soilandgasindustry.Intheirresearch,ahypothesiswasform
ulatedfromtheproblemstatementthat"theorganizationalstructureandthestrategyadopte
dwillnotaffectthemarketshareofNigerianoilandgastradingcompanies",asseenintheirres
earch.Theoverallresultsshowthatstrategicmarketingisadrivingfactorfororganizationalp
ositioninginadynamicenvironmentandhelpstoimprovethedevelopmentofnewproducts/
servicesinexistingmarkets.Thesefindingsarediscussed,aswellasotherinterestingfindin
gsfromthestudy.Thehypothesisputforwardbytheresearcherhasbeenrejected.Thesurvey
resultsshowthattheorganizationalstructureandstrategyadoptedbyoilandgastradingco
mpanieshaveapositiveimpactonmarketshare.
Studyconcludedthattheevidencefromthesurveyresultsshowedthatoilandgasmarketing
companieshaveacomparativeadvantageinvariousmarketingstrategiesusingdifferentte
chnologies.Oilandgasmarketingcompaniesseemtoexclusivelyusetraditionalmarketing
methods,thatis,basedon"soft"informationgatheredfromclosecontactsbythemarketinga
ndsalesdepartments,ratherthanusingspecializedstrategicmarketingmethodsbasedoni
n"hard".Afterhisconclusion,theresearcheralsoapprovedhisrecommendation,recommen
dingtheconceptsandprinciplesoftotalqualitymanagement,aswellascontemporarymark
etingmanagementtopicssuchasrelationshipmarketing,valueanalysis,andbusinessproc
essreengineering.Inadditiontothesuggestionsabove,theresearchersalsoorganizemarke
terstoworkhardtounderstandtherelevantfactorsthataffectcustomerbehavior,aswellasst
rategicoptionsfordealingwiththosebehaviors.
2.2.4TheEffectofMarketingMixinAttractingCustomers
ThestudybyPour,NazariandEmami(2013)iscalled"TheRoleofMarketingMixinAttractingC
ustomers:ACaseStudyofSadratBankinKermanshahProvince".Theresearchisdescriptive
becausetheresearchersattemptedtousesurveymethodstoexploretherelationshipbetwe
enthecombinationofmarketingelementsandtheattractivenessofcustomerstoKermansh
ahbanks.Thestudyusedanassumptionthat"therelationshipbetweentheelementsofthem
arketingmixandbankcustomersisimportant."
Aftertesting,theresearcherscametothefollowingconclusions.Theyconcludedthatthereis
asignificantpositivecorrelationbetweenthebank’scustomersandtheelementsofthemark
etingmixtopromotethebank’sgoals.Marketinginvolvesmanyactivities.First,theorganizat
ioncandecidewhichofitstargetcustomergroupstoserve.Oncethetargetgroupisdetermin
ed,itisnecessarytoputtheproductonthemarketbyprovidingsuitableproducts,prices,locati
ons,andpromotions.Mixormatchtheminproperproportionstoachieveyourmarketinggoal
s.
2.2.5BrandEquityandBrandAwarenessonCustomerSatisfaction
AstudydonebyBilalandMalik(2014)titledImpactofBrandEquityandBrandAwarenessonC
ustomerSatisfactionstatesthatthereisarelationshipbetweenbrandequityandcustomers
atisfactionsuchthat“brandequityisthecompleteprofileaboutthecustomersatisfactionon
aparticularproductorbrand”.Theyprovedthatthereisadirectrelationshipbetweenbrandeq
uityandcustomersatisfactionsuchthatifbrandequityishighthencustomersatisfactionisal
sohigh,andthishasbeenprovenstudybecausetheyhaveseencompanieswiththispatternof
relationshipdescribedas“companiesthathavehigherbrandequityalsohavecustomersatis
faction”.Aaker’sresearchasmentionedinBilalandMalik(2014),impliesthatbrandswithhig
herbrandequityaffectsacustomer’sperceptiontowardsaproductorservicebyassociating
brandequitytoqualityofaproductorservice.Theresearchhasconcludedandrecommended
thatcompanieshastohigherattentionforbrandingintheirmarketingstrategy,sinceithasadi
rectandindirectlinkwithcustomersatisfactions.
2.3ResearchGaps
Mostofexistingresearchandtheoriesdon’tshowthecurrenttrendintheresearcharea,especiallyinth
einvestigatedprivatecompany.So,thereislackofresearchinthecompanyaboutthetopic.So,thisres
earchisdesignedtoaddressrecentprogressandachievementsaroundmarketingstrategypracticei
ntheinvestigatedcompany,DashenBrewery.Sincemanyrelevantresearcharealreadyconductedan
dreviewed.
2.4ConceptualFramework
Theresearcherinvestigatedmarketingstrategypracticeasadependentvariabletomarketingmix,
marketsegmentation,targeting,positioning,andmarketingstrategyimplementations.
Marketing Strategy
CHAPTERTHREE
3RESEARCHMETHODS
3.1.DescriptionoftheStudyArea
DashenBrewerywasestablishedin2000and49%ownedbyTigrayRehabilitationEndowmen
tFund(EFFORT)and51%-
ownedbyBritishinvestmentfirmDuet.DashenBreweryisinDebreBirhan,130kilometersnor
theastofAddisAbaba,coveringanareaof85,000squaremeters.Italsostartedproducingdra
ftbeer,whichisverypopularandsellswell.
Therefore,studyareawillbeentireemployeesofDashenBrewerymainoffice,sothatresearc
hthemarketingstrategypracticeofDashenBeeranddeterminewhetheritisconsistentwitht
hetargetmarketing,marketingmixandcorporatemissiontomeetcustomerneeds.
3.2.ResearchDesignandApproach
Toachievetheobjectivesoftheresearch,theresearchconductedadescriptivestudyanduse
dqualitativeandquantitativeapproaches.Tosolvetheevaluationofthecurrentmarketingstr
ategyimplementedinDashenBrewery,openandclosedquestionnairesurveysareused.The
prerequisiteforchoosingthismethodisthatithelpstogatherenoughinformationaboutther
esearchproblem.Second-
handdatawillbecollectedfromvariousbooks,researchpapers,articles,magazines,andwe
bsites.Thestudyisdescriptive,itsobjectiveistoevaluatethepracticeofDashenBreweriesm
arketingstrategy.
3.3.TargetPopulation
ThecurrenttotalnumberofDashenBrewerymainofficestaff,72employeesarethetargetpo
pulationsofthisstudyortheentireemployeesofDashenBrewerymainoffice.
3.4.SamplingDesignandProcedures
Sincethetotalpopulation,72isnotabignumberwhichrequiresample,censusmethodwillbe
employedtogathererinformation.
3.5.TypesandSourcesofData
Thedatasourceultimatelydeterminesthevalidityoftheresearch.Itisbelievedthatallemploy
eesofthemarketingdepartmentarefamiliarwiththemarketingstrategyofDashenBrewery.
Fromcensusrespondents,Primaryandfromcompanydocumentation,secondarydatawillb
ecollectedandused.Themaindatawillbecollectedthroughopenandclosedquestionnaires.
Thesecond-
handdatacomesfromvariousbooks,researchpapers,articles,journals,andwebsites.
3.6.MethodsofDataCollection
Toobtaindataontheevaluationofmarketingstrategypractice,theresearcherwilluseprimar
yandsecondarydatasourcesintheresearch.Themaindataiscollectedthroughquestionnai
reswithopenandclosedquestionsfortheemployeesofDashenBrewery.Beforedistributing
thequestionnairestotherespondents,theresearcherpilotedtheresearchtoolbydistributin
g3questionnairestosomesamplerespondentstoimprovetheclarityoftheresearchquestio
ns,andthendistributedthequestionnairetotheinterviewees.
3.7.MethodsofDataAnalysis
Thedatareceivedfromtheintervieweeswillbeanalyzedwiththehelpofstatisticalsoftware:t
herecenteditionoftheStatisticalPackageforSocialSciences(SPSS,version21)willbeused.
Thedatacollectedfromthequestionnaireisthoroughlycodedandcheckedforconsistencya
ndenteredtheSPSSspreadsheet.Descriptivestatisticalanalysistechniqueswillbeusedtoa
nalyzethedataanddescribetheresultsusingfrequency,percentage,mean,andstandarddev
iation.Inaddition,tablesareplacedtoshowtheresultsofmanyvariables.
3.8.ValidityandReliability
Reliabilityandvalidityaddressissuesaboutthequalityofthedataandappropriationoftheme
thodsusedincarryingouttheresearch.
Validity:Effectivenessreferstothedegreetowhichatoolmeasureswhatitshouldmeasure.T
hedatamustnotonlybereliable,butalsotrueandaccurate.Ifthemeasurementisvalid,itisals
oreliable(Joppe,2000).Theeffectivenessofthedatacollectiontoolsisdeterminedbydiscus
singtheresearchtoolswithexpertsandresearchersintheresearchfield,especiallywiththere
searcher'ssupervisor.Valuableopinions,correctionsandsuggestionsputforwardbyresear
chexpertswillhelptheverificationoftheinstrument.Apilotstudyisdefinedasaminiaturever
sionofthestudyoratestruninpreparationforafullstudyandcanbeusedexclusivelyforpretes
tingofresearchinstruments(TeijlingenandHundley,2001).‗`...Theimportanceofconducti
ngapilotstudyisvitalforanyinvestigationbecauseithelpstodetectpossibledefectsinthem
easurementinstruments”(Teijlingen&Hundley,2001)Watson,Atkinson,&Rose,2007)andi
ftheconceptisfullyoperational.Thisisachievedbypre-
testingthetoolonasmallnumberofparticipantswiththesamecharacteristicsasinthemains
tudy.
Reliability:Reliabilityreferstotheconsistency,stability,orreliabilityofthedata.Areliablemea
surementisifitisrepeatedasecondtimetogivethesameresultsasthefirsttime.Iftheresults
aredifferent,themeasurementresultsarenotreliable.Tomeasurethereliabilityofthedataco
llectiontool,theinternalconsistencytechniqueofCronbach'salphaisused(Mugenda,2008).
Cronbach'salphaisareliabilitycoefficientthatgivesanunbiasedestimateofthegeneralizab
ilityofthedata.Analphacoefficientof0.75orhigherindicatesthatthecollecteddataarereliab
lebecausetheyhaverelativelyhighinternalconsistencyandcanbegeneralizedtoreflectthev
iewsofallrespondentsinthetargetpopulation(Zinbarg,2005).Reliabilityisestablishedbyre
testing,wherethesametestperformedonthesamerespondentatdifferenttimesyieldsthes
ameresultsorparallelreliability,andthesametestwithdifferentwordingorsequenceofques
tionsalsoproducesthesamedata.(Sekaran,2003)Toseeifthedatacollectiontoolisreliable,
59respondentswereincludedinthetest.TheresearchersusedtheSocialScienceStatistical
Package(SPSS)totestthereliabilityofthedata.TheresultsofCronbach'salphacoefficientar
eshowninthetablebelow.
3.9.EthicalConsiderations
Thereareseveralfactorsthatmakeresearchachallengeandaproblem.Amongthem,thesiz
eanddepthoftheinformationrequiredrequiresaccessibility,financialdeficiencies,andinsu
fficienttimeforin-
depthandextensiveconsiderationoftheinformationandanalysis,etc.,whichcanmakerese
archdevelopmentchallenging.(BickmanandRog,2009)Withthisinmind,moralconsiderati
ons(suchasmoralconsequences,harmtoothers,privacyconcerns,voluntaryparticipation,
anddeception)shouldnotbeconsideredmoreimportantatanypointintheprocessandshoul
dbeatthesametimethroughoutthisinvestigation.
Duringtheinvestigation,theintervieweewillinformofthepurposeoftheinvestigationbefore
distributingthequestionnaireandacceptingtheinterview.Researchersnotonlyseektoobtai
ntheconsentoftheparticipantsbutmustalsoinformpotentialintervieweesthatparticipatio
nisvoluntary.Respecttheprivacyandanonymityoftherespondent.Thepersonalinformatio
noftheintervieweeswillnotbedisclosedtothepublic.Researchersalsoensuredthatintervie
wees'participationintheresearchwillnotcausephysical,social,orpsychologicalharmtothe
m.Distributequestionnairesandconductinterviewsonlywhentheresearcherobtainstheco
nsentoftheinterviewees.
CHAPTERFOUR
4RESEARCHWORKPLANANDBUDGET
4.1WorkPlan
Period Activities
January20- Designandsubmitresearchproposal
Febrwary05,2024
February06-15,2024 Collectcommentonresearchproposal
February16-30,2024 Producefinalresearchproposal
March01,2024 Receiveresearchproposalapproval
March02-20,2024 Collectsecondaryandprimarydata
March21-30,2024 Analyzecollecteddata
Period Activities
April01-15,2024 Prepareresearchreport
April16,2024 Submitresearchreport
April17-23,2024 Collectresearchcomments
April24-30,2024 Produceandsubmitfinalresearchreport
May01,2024 Defendresearch
4.2Budget
Budgetlineitems BudgetinBirr
AdvisoryFee 10000
Researchproposaltyping,printingandbinding 400
Questionnaireandchecklisttypingandprinting 1200
Dataentryandanalysis 1000
Researchpapertyping,printingandbinding 600
Transportation 1200
Stationeries 1100
Internetservice 750
Total 16250
5REFERENCES
Akinyele,S.T.(2011).StrategicMarketingandFirmsPerformanceaCaseStudyofNigeriaOil
andGasindustry.Schoolofbusiness,covenantuniversity,Ota-Nigeria.vol.10,pp61-77.
CravensDavidW.,&PiercyNigelF.(2009).StrategicMarketing,NewDelhi:TataMcGraw-
HillPublishingCompanyLimited.
Davidson,S.(2001).Seizingyourcompetitiveadvantage:Journalofmanagement,Vol.10,N
o.8:Communitybanker,PP32.
Ferell,Michael,&Hartline.(2011).MarketingStrategy(5thed.):USA,South-
WesternCengagelearning.
GhoseAmitabha(Ed),(2008).ImpactofGovernmentPoliciesonMarketingStrategies,India:
TheIcfaiUniversityPress.
Homburg,Christian,Sabinekuester,Harleykrohmar.(2009).marketingmanagement:Aco
ntemporaryperspective(1sted.).London.
JainS.C,(1997),Marketingplanningandstrategy(5thedition).Cincinnati,southwesterncol
legeispublishing.
Kotler,P.,andArmstrong.(2012).PrincipleofMarketing,14theditionNewJersey:Kotler,P.(
2007).MarketingManagement12thedition.PrenticehallInc.
Koyade,O.(2014).MarketingCommunications1’stedition.VentspublishingAps.
Armstrong,Saunders,andWong(1999).Principleofmarketing2’ndedition.New
Jersey:PrenticeHallInc.
ManmohanJ.(2012).EssentialsofMarketingventpublishingAp.
Moggahadam(2012).TheInfluenceofMarketingStrategyElementsonMarketShareofFir
ms.
InternationaljournaloffundamentalpsychologyandsocialscienceVol.2,pp19-24.
McDonaldandDunbar(2007).MarketingPlan:HowtoPrepareThem,HowtoUseThem6the
dition,Oxfordprintingpress.
MongayJ(2006).StrategicMarketingConceptsandBoundaries.AnthonomusUniversityo
fBarcelona,SBSswissBusinessschool.
Paulfifield.(1994),MarketingStrategy:oxford,Linacrehouse,Jordanhill.
Pour,NazariandEmami(2013),theeffectofmarketingmixinattractingcustomers:casestu
dyofsaderatBankinKermanshahprovince,publishedresearch.
Porter,M.E.(1990).TheCompetitiveAdvantageofnations:MacMillanPressltdLondon,ISB
N0-333-51804-7.
RogerBrooks’sbank(1994),FrameworkofMarketingStrategy,pp.1014.
Wind,Y.,&Robertson.(1983).MarketingStrategy:NewdirectionsforTheoryandResearch,J
ournalofMarketing,Vol.47,No2,PP12-25.
Shapiro,C.,&Varian.(1999).Informationrules:Astrategicguidetothenetworkeconomy,Ha
rvardbusinessschoolpress;Boston,ISBN0-87584-863-X.
6APPENDICES
DearRespondents,
Iwouldliketoexpressmydeepgratitudeinadvanceandthankyouforvoluntarilytakingthet
imetocompletethisquestionnaire.Themainpurposeofthisresearchquestionnaireistoa
ccessthepracticeofDashenBrewery'smarketingstrategytopartiallycompletethegener
alcourseoftheMasterofBusinessAdministration(MBA).Therefore,Ikindlyaskyoutohel
panswerthefollowingquestions.Anyinformationyousubmitwillbekeptcompletelyconf
identialandusedforacademicpurposesonly.Yourcooperationandpromptreplywillbegr
eatlyappreciated.
GeneralInstruction
Writingyournameisnotnecessary
Put“√”foryourchoiceintheboxprovided
ThankYouinadvance!
PartOne:-GeneralInformation
1. Gender
Male Female
2. Age
Under25 36-45 Above55
26-35 46-55
3. EducationalLevel
Diploma Degree Masters
Ifanyother,Pleasespecify .
4. Position
Manager Supervisor SalesOperator
Ifanyother,Pleasespecify .
5. HowlonghaveyoubeenemployeeofDashenBreweryFactory?
Lessthan1year
2-5years
6-10years
Morethan10years
PartTwo:-SpecificQuestions
6. Whatmarketingmixstrategiesdoesthecompanyuse?(MultipleResponsesarePossible)
Pro
duc
t
Pri
ce
Pro
mo
tio
n
Place/Distribution
AlltheaboveMixes
7. Whatarethecustomers’primaryreasonsforbuyingorwantingtousethecompany’sproducts?
Qualityofprodu
ct
Proximityofsup
ply
Lowerpricetha
nothers
Effectivepromo
tion
Customerprefe
rence
IfanyotherPleasespecify .
8. Whatisyouropinionabouttheproductsquality?
Verygood
Go
od
Me
diu
m
Po
or
Ve
ryp
oo
r
9. Whatisyouropinionconcerningthepriceofthecompany’sproducts?
Veryexp
ensive
Expensi
ve
Afforda
ble
Che
ap
Ver
ych
eap
10. Whichofthefollowingmarketingchanneldoesyourcompanyusetodistributeyourproducts?(M
ultipleResponsesarePossible)
Directpersona
lselling
Directonlinesa
les
Indirectthroughthec
hannels
Telemarketing
Ifanyother,Pleasespecify .
11. Thecompany’sproductavailabilityandaccessibilityare?
Exc
elle
ntV
ery
go
od
Go
od
F
a
i
r
P
o
o
r
12.Whichofthesepromotionalactivitiesdoesyourcompanyundertake?(MultipleResponsesareP
ossible)
Media(TV,Radio,New
spaper)
FreeSampling
Inter
net
Billb
oard
sEx
hibit
ions
Ifanyother,Pleasespecify .
13. Ontherate1to3,where1represents“leasteffective”2represents“effective”and3represen
ts“mosteffective”,howwouldyouratetheappropriatenessofthefollowingpromotionalmi
xestothecompany?
(Pleaseputatickmarkforeachprovidedbox).
PromotionalTools 1 2 3
Advertising
SalesPromotion
PersonalSelling
PublicRelation
14.Whatarethebasesofsegmentingthemarket?(MultipleResponsesarePossible)
GeographicL
ocationDem
ographicBeh
avioral
PsychologicalorLifestyle
Ifanyother,Pleasespecify .
15.Whoarethecompany’smajortargetgroups?(MultipleResponsesarePossible)
IndividualCustomers/Co
nsumersHotels,Restaura
ntsandGroceriesOtherInt
ermediaries
Ifanyother,pleasespecify .
16. IbelievethecompanyusesDashenbrandimageeffectively.
Stronglyagree
Agr
eeU
nde
cid
ed
Dis
agr
ee
Stronglydisagree
17. Howwouldyouratethecommunicationeffectivenessbetweencorporatesalesandmarketingd
epartmentandotherdepartments?
Verygood
GoodSo
mewhat
goodPo
or
Verypoor
18. Icanperformthemarketingstrategypracticesofthecompanyeffectively.Stronglyagree
Agr
eeU
nde
cid
ed
Dis
agr
ee
Stronglydisagree
19. Ontherate1to3,where1represents“leasteffective”,2represents“effective”and3“mosteffectiv
e”howwouldyouratethecompany’soverallmarketingstrategies?
1. 2. 3.
20.Whatarethemajorchallengesintheimplementationofmarketingstrategyofthecompany?
.
21.Ifyouhavefurthercomments,pleaseindicateinthespaceprovidedbelow.
ThankYouforYourCooperation!