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dying brandMarketing 465 coursepresentations slides
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Group 1ISHTIAQ BIN MASUDRAFID AL-MAHMOOD
RAIHAN NEWAZIMRAN SAMI
ZAYAN FIDA NOORTASHFIQ CHOWDHURY
SAWGAT MAHMUD
And the product we wish to rebrand....The LegendaryBombay Sweets Ring Chips!!
Identification of problems/issues with the brand
SWOT analysisStrenght:
* Well known parent brand -Bombay Sweets
*One of the first product in the criteria
*Strong and well spread distribution channels cheaper than other chips
Weakness:*Dying Brand
*Declining Demand*No proper target segments
*Very soor brand communication history
*Did not modernize over time
Opportunity:*International Market
*Cohort population* Recent trend of prioritizing experience over product
only
Threats:*existing and upcoming
competitors
Industry: Porter’s 5Forces
Porters Five Forces
Bargaining Power of Consumers:
low
Bargaining power of
Suppliers: High
Threat of Substitute
Products: HIGH
Intensity of Rivalry among
Competing Firms: HIGH
Threat of New Entrants:Moderate
COMPETITOR ANALYSIS: STRENGTHS AND WEAKNESSES OF CURRENT AND POTENTIAL COMPETITORS
TARGET MARKET:NO SPECIFIC TARGET MARKETS
POSITIONING: BANGLADESHI CHIPS. VERSATILE
PRODUCT IMAGE: PRECIEVED TO BE MONOTONOUS AND ONLY GOOD IN MEMORIES.
NOT INTERESTING ENOUGH TO ACTUALLY MAKE A PURCHASEPOD:
THE SHAPE OF THE CHIPSPOP:
ITS A CHIPS BRAND LIKE ALL OTHER AND THE CONSUMPTION PURPOSE IS SAME, I.E: LEISURE
PEOPLE BORN IN LATE 90'S HAVE VERY LITTLE RECOGNITION OF TH BRAND. ORIGINAL TASTE IS MISSING. NO COMMUNICATION FOR A LONG TIME MADE THE PRODUCT IMAGE FOGGY.
The New Campaign Strategy
Segmentation
Age: 5 to 29
Gender: Both male and female
Social Class: Middle and Upper
Middle
Geographical Segmentation:
We shall target the urban youngsters but at the same time target the sub urban or village youngsters as well. This is because, the urban people
even buy chips for the fun and excitement but the village people
buys only because of the core product. Since there are very little
variety of chips in the village and sub urban areas and since we have
strong distribution channel, we can reach out to them quite easily.
The New Creative Strategy
A PIECE OF OUR MIND:WE KNOW THAT THIS MARKET IS FLOODED WITH COMPETITORS, COMPARED TO WHICH OURS IS A BIT WEAK. THE SIMPLE FLAVOR, THE OLD FASHIONED PACKAGING MAKES IT TOUGH TO COMPETE WITH THE PRESENT COMPETING BRANDS WHO HAVE MODERN AND COMPLICATED TASTE, MODERN PACKAGING AND HENCE GRABBED A BIGGER MARKET.
KEEPING OUR TASTE, PACKAGING CONCEPT SIMILAR TO WHAT IT USED TO BE, WE TOOK THE CHALLENGE OF INFLUENCING THE PURCHASE DECISION OF THE BUYERS.
New Positioning• FUN LOVING BANGLADESHI CHIP BRAND WHICH
CONTINUED ENTERTAINING ITS CONSUMERS THROUGHOUT ITS EXISTANCE.
• EXCITING AND INNOVATIVEWE WILL TRY AND BUILD AN EMOTIONAL ATTACHMENT TO THE PRODUCT AND MAKE IT A PART OF PEOPLE'S LIFESTYLE. (EG: COKE)
BrandingNew Tagline“Bombay
Ring Chips, The
Bomchips!"A wordplay between Bombay Sweets and Chips. BOMCHIPS is
an arbitrary selection of word
which has no literal meaning but will be
appealing to the target market that
we intend to capture. It also
depicts the fun and exciting image and
proves to be innovative too.
AdvertisingOutdoor: Outdoor
ads and also interactive communication will take place online. Also shall we be
sponsoring circus, magic shows and concerts.We shall
arrange competitons like
"RING IT!"- finding more creative uses
of ring.
Brand Elements
New packaging: We shall improve
and most importantly
modernize the packaging keeping the basic color and texture the same.
We shall add proper nutritional facts on
the package.Brand Character:
We shall slightly modernize the RED POTATO and make it a bit more modern. Like making it 3D
Depiction Of Image:
Outdoor ads
New Media Strategy Presentation
Mixture Of Media
• OUTDOOR: BILLBOARDS AND BRANDING ON FOOT OVER BRIDGE, UNDERPASS ENTRANCE AND FLYOVER BEAMS
• BROADCAST AND PRESS : TV ADVERTS, RADIO ENDORSEMENTS. NEWSPAPER ADS. MAGAZINE ADS LIKE IN VIBE YOUTH BASED MAGAZINE.
• SPONSORSHIPS: CIRCUS SHOWS WITHIN OR OUTSIDE DHAKA, MAGIC SHOWS AND CONCERTS
• ONLINE: EXTENSIVE PROMOTION IN SOCIAL MEDIA SITES LIKE FACEBOOK AND TWITTER.
Elements of Promotional Mix
RDC
Press
Others
Events
Activation
Digital
ATL TTL BTL
Broadcast media (TV,
Radio)
Out-of-Home media
Personal Selling
P-O-P (displays, packaging)
Internet/ Interactive
Direct Marketing
Sales Promotion
Product Placements (TV
and Movies)
Print Media (Newspapers, Magazines)
Public Relations/ Publicity
Word-of-Mouth Events and Sponsorships
Target audience
Digital: VIRAL AD
Social Media: and
Reach: Internet generation: Large spread
Objective: Use of puffery Stealth marketing Buzz Marketing
RDC Target : Dynamic Segment specially Youth or University
students.
Radio Commercial aired at different times of the day.
Radio Show
“Bombay Music Hour”
Stickers : Effectively use traffic jam>Bumpers & poles>Movers
Stickers
Brand Ambassador
Dhanmondi : 30’ X 20’
Billboards Locations (Dhaka)
Farmgate : 30’ X 20’
Gulshan 1 : 60’ X 20’
Mohakhali Flyover: 30’ X 20’
Brand Dynamics Pyramid
Presence
Relevance
Performance
Advantage
Bonding
Strong Relationship
Weak Relationship