Marketing Mix Plan. A Repositioning Strategy for "Cheezels" on the Australian Snack Market
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Seminar paper from the year 2018 in the subject Business economics - Offline Marketing and Online Marketing, grade: 1,0, Griffith University, course: Introduction to Marketing, language: English, abstract: This marketing plan for Cheezels has been developed to identify where Snack Brands Australia and their competitors are positioned in the snack food market. New consumer trends in the industry were discovered, as well as threats and opportunities for Snack Brands Australia. The objective of executing the marketing mix plan is to increase the brand awareness and market share by 0.5% within 12 ...
Seminar paper from the year 2018 in the subject Business economics - Offline Marketing and Online Marketing, grade: 1,0, Griffith University, course: Introduction to Marketing, language: English, abstract: This marketing plan for Cheezels has been developed to identify where Snack Brands Australia and their competitors are positioned in the snack food market. New consumer trends in the industry were discovered, as well as threats and opportunities for Snack Brands Australia. The objective of executing the marketing mix plan is to increase the brand awareness and market share by 0.5% within 12 months. This also includes an increase of sales volume. Cheezels has been long-established in the snack food industry. During the last two years, the customers changed their purchase behaviour. Nowadays, customers develop a health consciousness and are interested in locally produced products with a high level of food safety. The target market for repositioning Cheezels include adults and their kids who live a family based lifestyle. This target market is not price sensitive, wants to know where the product is coming from and what kind of ingredients are in there. Cheezels will be repositioned by adopting new consumer trends and focussing on food safety. Cheezels will be changed into a healthier product with a high level of food safety. Also, the package design will be slightly changed. The unique shape and fun aspect for kids will be maintained. Cheezels will be purchased by using a non-price strategy. Promotion of the product will include advertising, commercials, public relations and sale promotions. The main distribution strategy for Cheezels is a push strategy. The implementation of this repositioning strategy will take 12 months. To evaluate and control the process surveys, sales volume and figures of the market share will be evaluated before, during and after the repositioning. The results of these metrics will be used to adjust strategies accordingly. Snack Brands Australia will benefit from repositioning Cheezels. The customers will be more aware of the product, because Cheezels adapted to their needs and added value to the product.
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