T-1.8.1_v3 Details of Assessment Term and Year 3, 2019 Time allowed 8 Weeks Assessment No 1 Assessment Weighting 100% Assessment Type Marketing Plan (Individual Report) Due Date Week 8 Room 5 Details...

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Answered Same DayJul 11, 2021BSBMKG609Training.Gov.Au

Answer To: T-1.8.1_v3 Details of Assessment Term and Year 3, 2019 Time allowed 8 Weeks Assessment No 1...

Sanchita answered on Jul 16 2021
159 Votes
Marketing strategy: Coca Cola Amatil
Executive Summary
Coca-Cola Amatil is well-reputed in the food and beverage sector especially in Australia. It has the highest market share in Australia and is major beverage manufacturer for many of the established brands. As the competition is increasing, the company has done SWOT analysis and found that producing new product line that is focused on health and fighting obesity is the new strategy that the company is likely to proceed with. The new product line “Genies” would be launch
ed and marketed.
The new product line would be marketed using both online and conventional mode of marketing. The company will use social media extensively to promote and launch their new products. They will create a Global Food week event, where food enthusiasts from across the city (Sydney) would gather and have taste their new collection of food that is inspired by global tastes. Additionally, the print media and health magazines would also be used.
Since, the new marketing strategy centers on new product line, hence the risk and contingencies would also be identified and action plan would also be offered. Additionally, the report would end the feedback form sample that would be given to consumers to assess the desirability of the products and the success of the marketing strategy.
Brief Introduction about the company
Coca-Cola Amatil is well-reputed in the food and beverage sector especially in Australia. It has the highest market share in Australia and is major beverage manufacturer for many of the established brands. The company is operating well in the operating market and has adopted new and innovative strategies to stay ahead of its competitors. As of now, it operates in six different countries that are Australia, New Zealand, Indonesia, Fiji, South Korea and New Guinea (Baines et al., 2011). However, in the recent years, many new competitors have mushroomed who are targeting customers aggressively. As a result, the company needs to overhaul its marketing strategies to remain competitive and maintain its customer and clientele base.
Mission, Vision And Core Competencies
The new marketing strategy of the company should align with its Mission, Vision And Core Competencies.
Mission
The food and beverage industry is an extremely competitive industry and it has a short life-span, hence for the companies to stay afloat, there needs to good number of sales and they should be concurrent in nature (Balmer, 2012). The mission of the company is to maintain a stable business and increase its product portfolio. The company endeavours to understand the trends and tastes of the consumers and decide on the product portfolio accordingly.
Vision
The company’s vision is to serve as the framework and guide every aspect of the business to achieve sustainable quality growth. The main focus of the company lies on the following parameters.
The Vision is about all of us at Coca-Cola Amatil. It reflects the scale of their business and the people they work for. They try to foster an emotional bond between them and the customers. They are a sensible company that want to work not just for today but also their future. They wish to develop a sustainable organization that cares for their environment as well (“Coca-Cola Amatil”, 2019).
SWOT Analysis
In order to prepare the marketing strategy of the company, it is important to assess their strengths, weakness, opportunities and threat that are enumerated as follows:
Strength: The Coco Cola Amatil is the leader in the beverage industry. It has the highest market share. Thus, the company enjoys the economies of scale and the cost of production is kept minimum. This is particularly important for the fast moving consumer goods, as the margin of profit is extremely low, hence it is the higher turnover and low production costs that maintain the profitability of the company (Cadogan, 2012).
The other strength of the company is its brand recognition, the customers have connect with the brand and it generates a good amount of goodwill for the company. The massive brand loyalty and recognition is a detrimental factor in influencing the consumer behavior and purchasing habits (Choi, 2015).
Market Power over supplier and competitors: Coco Cola Amatil is a big company and as there is no shortage of funds, it is relatively easy for the company to set up new manufacturing plants. For example, recently the company is shifting its plant to Brisbane, as it shut down the plant in SA. Additionally, it is important to note that they have a very sound network of business that is spread across the nation and a good logistic system to ensure that the remotest parts of the Australia gets their drinks.
Well diversified product range: They also have a wide range of products and beverages which means they have something to offer to consumers across the different demography (Cravens & Piercy, 2013).
Weakness:
Water management: In the past the company has company has received substantial criticism about its water management. The company has been accused of wasting water at its plants which can be easily managed. Thus, there is a growing concern that Coca Cola Amatil is not an environment friendly company.
Obesity Concerns: A large proportion of Australians...
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