Friday 25 November 2011
for task 2 I am going to give a review of the communication that TNS Global use on their website. Their communication is very affective because there is different ways to view it such as: Links, videos, pictures, emails. The advantages of link are that Linked lists are among the simplest and most common data structures. They can be used to implement several other common abstract data structures, including stacks, queues, associative arrays, and symbolic expressions, though it is not uncommon to implement the other data structures directly without using a list as the basis of implementation. The disadvantages of links is that it’s not face to face and sometime can take you to other website that you don’t want also links are not always in the language you want and there can be virus links as well. The advantages of videos are it’s very simple to use that instead reading the information you can just watch it and skip it to the part you want however the downside of this is the videos can take a very long time to load up or the information is fully understandable. The advantage of pictures is that It makes people understand what people trying to say without saying it or writing it down however the downside is not everyone is going to understand it. The next one is emails the advantage is. Emails are easy to use. You can organize your daily correspondence, send and receive electronic messages and save them on computers. Emails are fast. They are delivered at once around the world. No other form of written communication is as fast as an email. The language used in emails is simple and informal. When you reply to an email you can attach the original message so that when you answer the recipient knows what you are talking about. This is important if you get hundreds of emails a day. It is possible to send automated emails with a certain text. In such a way it is possible to tell the sender that you are on vacation. These emails are called auto responders. Emails do not use paper. They are environment friendly and save a lot of trees from being cut down. And the disadvantage might be Emails may carry viruses. These are small programs that harm your computer system. They can read out your email address book and send themselves to a number of people around the world. Many people send unwanted emails to others. These are called spam mails. It takes a lot of time to filter out the unwanted emails from those that are really important. Emails cannot really be used for official business documents. They may be lost and you cannot sign them. They could have more methods in the future such as sharing options and more…
Tuesday 22 November 2011
Friday 18 November 2011
will
Task 1
To make a market plan we are going to cover eight topics in which to make the product best
for its consumers. To do this we will be covering the concept of the product, the product
itself, any similar products from competing businesses, where the product will be sold, the
life of the product on the shelf and finally the target group.
Market research
When looking to create a new product market research must be used, market research is
very important to the company as it helps to get an edge over other companies, and to help
get information first. There are many strategies of market research that can be used when
creating a new product for example focus groups which will vary in ages depending on what
age the product is aimed at. A focus group will involve questions about cereals for example
“what would you want in the morning?” and “what are other products missing” and the
answers to these questions will be used to create the new product. Another way of using
market research is to use quantitative research and this involves questionnaires and
customer research for example people who go out in high streets with surveys and
questionnaires and will stop random people and ask them questions about products. The
use of ways like focus groups is known as Qualitative research, and this mainly uses feelings,
and ideas and colours and shapes instead of facts and digits.
Marketing elements
Key elements of a successful marketing strategy
Existing and potential customers, they fall into particular groups or segment, characterised
by their needs as a customer. Identifying these groups and their needs through market
research, this is then followed by addressing those needs more successfully than their
competitors; this then would be one of the key elements of your marketing strategy.
Kellogg’s can then create a marketing strategy this then helps their business make the most
of their strengths and matches them to the needs of the customers you want to target. For
example, if a particular current group of customers of the Kellogg’s company is looking for
the quality of the product first and foremost, this means then that any marketing activity
aimed at them should draw attention to a high quality of the products that Kellogg’s are
making. Once Kellogg’s has created a marketing plan and have decided on a marketing
strategy, Kellogg’s then have to decide on which marketing activity or activities that will
ensure their target market group, for this task the target group audience is ‘Teenagers’, and
they will need to know actually the product that Kellogg’s are offering and this also includes
why they meet their needs for the target group.
Executive Summary
Executive summary is basically a short document or a section of document this is produced
for business purpose. That summarizes a longer report or proposal or a group of related
reports also this is like a summary of the marketing plan, and a simple marketing plan would
include:
• Mission – this is the overall of the company and their overall goal is to be able to bring new product for a target group.
• Objectives – objectives is what are you trying to achieve usually over the next year. For Kellogg’s their objectives are successfully lunch the new product and sale enough to make it successful.
• Strategies – The strategy is to narrow down our thoughts on who would buy the product and who the product is meant for. To do this we will need to look at similar cereals and find what market they are in.
The challenge
The challenge is basically similar company goals but it’s just for the product instead of the
company, and their main goal is to create the product to their standards and selling to the
market successfully for the next year
Situation Analysis
The company main goal would be to make a profit from the new product. Their main focus
is on making a profit from the product and also to satisfy the customers who purchase the
product. Next, is the culture, this is to make the product available to all people without
offending anyone from a different country and also it should appeal to them. Next are the
advantages and disadvantages. The company’s advantage is that they are very strong at
selling cereals however they are not too strong at selling energy bars as they have never
done it before. However, Kellogg’s sell cereal bars which are similar to energy bars.
Customer analysis
The customer that would buy this product is mums who have children. This is because she is
a caring mother who wants her children to do well in school and the bar is all about making
kids brains work better hence the name Brain Food. Another reason is because it is a low fat
which is also good for children.
Climate
The economic climate is the recession around the world, which is causing people to spend
less and have less money.
Politically we are being ruled by a co-elision government.
The social change that is happening is, people are not eating a traditional breakfast
anymore. A lot of people are eating on the go or even missing breakfast.
A main technological change is almost everyone has a smart phone, for example and I
phone. A way advantage could be taken is a Kellogg’s application could be made.
Product
The brand name of the products is going to be Brain Food.
This has to be a high quality product because Kellogg’s is a high quality company and they
have to keep their name well respected.
We are only going to sell 1 version of the product at first in case it does not succeed,
however if it does do well we will most likely expand on the product.
The packaging for the product is going to be a flow rapping and will be bright colourer and
energetic, this is because it needs to attract students and it has to represent energy in the
morning.
Price
The list price of the product is going to be £1.29
Discounts for the product could be offers such as two for £1, or we may do a multipack of
six bars for £3.
Place (distribution)
The distribution channels will be sold on high streets, in Tesco’s as this is a huge food
company. Tesco’s can then sell ‘Brain Food’ in multi packs. It can be sold in all other
supermarkets, they can also be sold in garages as an energy snack.
We are going to give our distributor margins 60%.
Promotion
Advertising will be though television adverts, bill boards and magazines, they then can
promote it in multipacks in supermarkets as then parents would pick them up for their
children.
For public relations Kellogg’s could do a ‘Call of Duty’ game supported by ‘Brain Food’ as it
will promote the cereal bar.
Short & Long-term Projections
Short term – sell 1 million in 3 months
Long term – become leading energy cereal bar
Conclusion
In this report we have spoken about price, product, promotion, place, swot analysis and
competitor analysis.
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