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Running Head: MARKETING ACTIVITIES
MARKETING ACTIVITIES 2
Student
Principles of Digital Marketing
Activities 1-3
June 2018
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People – (Marketing Personnel Values) |
Brand – (Family Friendly Value) |
|
· Professional · Customer Service Oriented · Team Player · Empathy · Competitiveness · Innovative and Creative · Networking Ability · Confident and · Enthusiastic |
· An Attitude of Gratitude · Warm and Friendly Services · Unique and Relaxing Experience · Mindful of Clients’ Well-being · Quality · Diversity · Supporting Sustainability · Cost-consciousness · Desire to be the best |
Activity 2: SWOT Analysis
Porters 5 Forces Environmental Analysis:
|
Force |
What’s Happening |
Pressure |
Impact |
|
Competitive Rivalry |
· Existence of big brands such as Macdonald’s, Ruby, and medium as well as smaller brands |
High |
Less market share |
|
Bargaining Power of Customers |
· Customers are price-sensitive · Supplying industry comprises of a large number of small operators · Customer’s have the ability to produce the product themselves |
High |
High customers bargaining power |
|
Bargaining Power of Suppliers |
· Lack of differentiation among the suppliers’ products
|
Low |
Existence of a number of suppliers |
|
Threat of New Entrants |
· Complex set of permissions to enter the industry, for example: Brand loyalty of customers; Cost advantages of existing players due to experience curve effects of operation with fully depreciated assets; Economies of scale (minimum size requirements for profitable operations); Protected intellectual property like patents, licenses etc; Scarcity of important resources, e.g. qualified expert staff; and High initial investments and fixed costs, |
Low |
New entrant not quite easy due to tough barriers of entry |
|
Threat of Substitute Products |
· Differentiation of available products, since ours are unique (traditional home-styled products) |
Low |
Capability of selling more products |
Activity 3: Target Market and Media
Current Target Markets:
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Residential Community: |
Business Community: |
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· Single family households · Multifamily households · Family get-together and gatherings · Couples |
· Business travelers · Solo travelers and backpackers · Seminars/Conferences/Workshops · Catering services for meetings |
Current Audiences:
Customer Touch Points:
|
Touch Point |
Department |
Does it Meet Their Expectation/Need? |
Competitive Edge |
|
Loyalty & Birthday Club Programs |
Marketing |
· Schedule of upcoming events and special menu items communicated · Catering services communicated · Could be more interactive |
· Eliminate internal silos through effective communication
|
|
Website |
Marketing |
· Keeping up to date with sales and events · Monitoring inventories and time of meals · Improve customer experience by providing a 360-degree view of their transactions and activities · Implementing a dependable system that facilitates voluminous data collection and analysis in real-time |
· Integrate real-time data collection and analysis · Integrate POS system · Use more videos and products · Predict and respond to current market as well as client trends and changes in the industry
|
|
|
Marketing |
· High-quality product placement · Schedule of upcoming events and special menu items · May well be more interactive |
· Stay ahead of postings · Integrate more customer experience videos, “selfies” and snapshots |
|
YouTube |
Marketing |
· High-quality product placement · Schedule of upcoming events and special menu items · May well be more interactive |
· Predict as well as respond to clients’ needs and demands · Use more video |