SlideShare ist ein Scribd-Unternehmen logo
1 von 18
Marketing Report
Alligator
Golf
Prepared by: Low Yin Ling (S8013279D)

                                          PDIP4

Prepared for: Sharon Tan




                                                                   2
Executive Summary




The following marketing plan forms the basis for the launch of a new series of Golf apparel, Golf,
developed by Alligator. The analysis outlines the best strategies to follow for the achievement of the
company’s strategic goals.




Golf will be marketed as the latest technology development by Alligator, providing ultimate comfort for
golfers in style. The successful launch of Golf will bring about a bigger market segment of an estimation
9 million people, with a forecasted sales growth prospect of 15% over the next 3 years. Market shares
are expected in increase, carrying Alligator to a higher spot in the industry as a reputable market leader.




                                                                                                              3
Table of Content



1. Company Background and Company Mission   Page   4



2. Environmental Analysis                          4

2.1 Micro Analysis                                 4

2.2   Macro Analysis                               6

2.3   SWOT Analysis                                8



3.    Situational Analysis                         10



4.    Promotional Strategy                         11




                                                        4
Company Background

        Founded in 1987 by Dr Williams Jones, Alligator is a leading apparel company selling high-end
        products ranging from sports attire, casual wear, footwear, watches, eyewear and leather goods.
        In recent years, a series of perfume, and sport accessories have been launched successfully.



1.1 Company Mission

        With expectation for sales and market share to increase with the approaching holiday seasons,
        Alligator has designed a new series of apparels for golfers. The launch of this series is planned
        for in November 2011.

        Having successfully fostering brand-loyalty in consumer, Alligator now face a heavily
        concentration of retained consumer and is unable to capture the attention of new and younger
        consumer market.


        Alligator targets to increase market share and to capture and penetrate into the consumer market
        of younger generation.



2. Environment Analysis

        This analysis aims to provide a thorough understanding of Alligator’s internal and external
        environment, through which key opportunities and threats can be drawn.

2.1 Micro Environment

        Using Porter’s Five Forces framework, we analyze the attractiveness of the apparel industry.




2.1.1   Competitive Rivalry
        Alligator faces stiff competition from other leading brands such as Tommy Hilfiger, Armani and
        particularly, Polo Ralph Lauren who will has been in partnership with U.S. Olympic to outfit the
        U.S. Olympic Team since 2008 (Cited http://en.wikipedia.org/wiki/Polo_Ralph_Lauren, 10
        December 2010). This has successfully positioned Polo Ralph Lauren as a global brand.
        Alligator has to plan strategically to prevent losing our market share.


2.1.2   Barrier of Entry

                                                                                                            5
With other fashion leading brand constantly expanding their products and market, Alligator has
        to react aggressively to such entrants by having more promotions and marketing our brand to
        more markets.
        Alligator will also need to deter counterfeits which poses as a constant threat to our branding and
        reputation.


2.1.3   Threat of Substitutes
        Fashion and apparel can be easily substituted by the wide varieties available in the market
        worldwide. For example, there are countless of designs and brands available for a simple polo t-
        shirt with price ranging from as low as SGD20. Brand loyalty is also reflected by consumer’s
        willingness to spend on apparels. As such, Alligator will need to emphasize on our unique design
        and fine quality to gain confidence in consumer.


2.1.4   The Power of Buyer
        The bargaining power of buyers is high and with the vast variety of brands available, consumer
        making brand-switch is easy. With the up-turn in economy and consumer’s spending confidence,
        consumers are more willing to spend on luxurious items. Alligator will need to be able to capture
        this into the sales record with competitive pricing on all products.


2.1.5   The Power of Suppliers
        According to Johnson, Scholes & Whittington (2008, p.61), supplier power is determined by
        these factors – concentrated suppliers, high switching costs and supplier competition threat. In
        this case, Alligator do not rely on a single supplier. High expectations have been set upon
        suppliers and they have to meet a set of vial criteria before engaging in long-term partnership.
        With the production plant centralized in China, has given Alligator a good cost advantage.
        However, Alligator will need to ensure that labour and political conflict that may arise do not
        cause any delay in manufacturing and supplying of goods globally.




                                                                                                           6
2.2 Macro Environment
        In order for Alligator to effectively strategize our business, it is essential to use the PESTAL
        framework to analyze the macro-environment.
2.2.1   Political
        With the opening of China, the country has been a popular choice for manufacturing industry due
        to the low setup cost for production plant. Alligator will have to re-evaluate their strategy and
        shift a portion, or even all, of their manufacturing facilities to China. This will allow Alligator to
        lower production cost to competitively compete in the price sensitive market. However, this risk
        the quality produced and Alligator will need to ensure that product quality is not compromised
        and protect our reputation. By producing in a low cost country, the risk of design may also be
        leaked out as control could be harder to establish.
        The lack of governmental protection may also be an issue for Alligator as China is loaded with
        counterfeits, which are sold to other parts of the world. This will erode Alligator’s market share
        and brand equity. Also, some countries encourage their citizens to support their local brand
        rather than imported brands by imposing high taxes to imported brand in order to protect the
        local brand.


2.2.2   Economic
        With signs of improvement after the recent recession that has rocked the whole world, consumer
        confidence and spending has risen (Cotton Incorporated release, 09 December 2010). Consumers
        are expected to spend more on apparel this holiday season, along with the back-to-school
        apparel. Apparel will most likely figure prominently in holiday purchase.
        However, price will continue to remain as an important factor in purchasing. Consumers will
        look out for the best deals comparing quality. As such, Alligator would need to re-strategize their
        marketing plans by placing greater emphasis and budget into promoting their value-for-money
        product.
        Foreign currency risk affects the profit of an organisation. Sales, costs and results of operations
        may be materially affected by exchange rate fluctuations. Unable to control this, Alligator can
        only manage by ensuring that the cost of raw materials and production are kept low.




                                                                                                              7
2.2.3   Social
        Health and diet are getting prominence among people these days. Besides eating healthy, there is
        an increase in individual joining fitness clubs and sports activities, accompanying by an increase
        in demand for fitness necessities such as exercise attire and shoes. Alligator is ready to meet
        surge in demand for consumer looking for sports apparel.
        According to an article on the internet, one interesting aspect of the apparel market is the recent
        strong growth in sales of accessories such as handbags and scarves (Cited
        http://www.researchandmarkets.com/research/277f41/clothing_footwea, 09 December 2010).
        These will ties in with Alligator new launch of golf accessories such as watch and head bands.
        Also, in hope to boost sales in this tough economy, retailers are using an increasingly popular
        technique which is to launch high-profile clothing lines from high-end designers and celebrities
        (Cited http://www.cottoninc.com/pressreleases/?articleID=521, 09 December 2010). Alligator is
        now in the midst of collaborating with Kate Spade to launch a series of sports bag and other
        accessories.


2.2.4   Technology
        Technology today is developing so rapidly that what is considered new and modern today could
        be rendered obsolete tomorrow. To keep abreast of technology, Alligator places great emphasis
        on continuous R&D development and invested EUR $4.5 billion on development and has over
        15,000 employees in R&D which is about 24% of its total employees worldwide.
2.2.5   Environmental
        Alligator is fully committed to endorse on the importance of environmental issues and actively
        engaged in activities such as Earth Day. Alligator is one of the international brands to support the
        “Save Your Logo” campaign initiated by the Global Environment Facility. This project allows
        companies or institutions to participate in the preservation of biodiversity on the planet with a
        commitment to safeguard and defend the animal that represents their logo
        (http://www.saveyourlogo.org/, 10 December 2010).




                                                                                                              8
2.2.6   Legal
      Workplace safety and health is one area that many local governments are concerned about.
      Alligator takes the health, safety and well being of their employees seriously, which is vital to
      their success. Alligator deployed an Occupational Health and Safety (OHS) unit to be
      responsible on all the necessary action plans in regards to health and safety strategy for its global
      employees, adhering to the labour requirements of different countries.


2.3 SWOT Analysis
      Using this analysis, we summarize the key issues of Alligator’s business environment and
      strategic capacity which can be used on future strategic options decision making.
      Strengths
         •    Strong and single brand name. Alligator is a renowned fashion label.
         •    Comprehensive range of products covering from outfits to accessories.
         •    Expertise in distribution, strong supply chain management.
         •    Endorsed by celebrities to increase publicity.
         •    Headquarters strategically located in the center of fashion-city.


      Weakness
         •    Higher selling price in comparison with competitors.
         •    Lack of in-house marketing expertise. Too reliant on external marketing company.
         •    Undifferentiated products which can be found easily at other brands.
         •    Damaged reputation with the increase of counterfeits.
         •    Limited to metropolitan areas only.


      Opportunity
         •    E-commerce/Online shopping which allows more flexibility for customers.
         •    New international market.
         •    As China gets too concentrated with manufacturing plants, new manufacturing countries
              such as India is recognized.
         •    Product diversification to distinguish Alligator from competitors.



                                                                                                          9
Threats
   •      With free-entry to the apparel industry, increasing intensive competition.
   •      Needs to constantly sustain current fashion trends.
   •      Change in consumers’ lifestyle or preferences.
   •      Global diseases, such as SARS, which forces consumer to stay home, reducing sales in
          retail outlets.




                                                                                                 10
3. Situational Analysis
      As stated by Duncan, 2003, segmentation and targeting seek to determine who companies want
      to reach in order to build brand relationship. Understanding Alligator’s current segmentation will
      allow marketing to be efficient and effective by focusing on smaller but profitable segments in
      the market.


3.1 Current Consumer Market
      Alligator focuses on fostering a long-term relationship with our customer and targets at
      consumers aged 25 and above. Consumer from this age group comes with demographic traits of
      financially independent with high spending power and increase in disposable income. As such,
      they are willing to spend on the finest products priced above average. With the high quality of
      product, Alligator appeals to consumer who seeks benefits from our product such as durability,
      fashionable and comfort. Customers of Alligator are often heavy-users of our product. From the
      benefits that they derived, they will maintain and increase the usage of Alligator’s product.


3.2 Current Target Market
      Being a global brand, Alligator is undifferentiated and is found in all major cities and countries.
      With such strategy, Alligator is obtainable in all location. The use of mass advertising and
      distribution allows Alligator to target at a large group of consumer.


3.3 Current Competitors
      Alligator’s top competitors for apparel industry are Polo Ralph Lauren (25.6%) and Tommy
      Hilfiger (16.8% of the market). When combined, they represent about 40% of the total market.
      Successful in fostering brand loyalty, competitors retains a large portion of the global market.




                                                                                                         11
4.    Promotion Strategy
      Targeting to improve Alligator’s market share and sales along with the year-end holiday
      celebrations, a series of promotional activities are introduced along with the launch of our new
      series of sports attire.
      Objectives
          •   To initiate strong awareness about the launch of Alligator’s new Golf shoe and gloves
              throughout the country
          •   Appeal to the younger generation market aged 15 and above, increasing our market
              shares over our competitors.


      Message
      The new tagline for Alligator is “Score with Confidence, with Alligator”.


      Concepts:
          •   Dressed with the appropriate gear, ranging from outfit to accessories, consumer will be
              able to play with comfort and full confidence.
          •   A good spirit in a confidence body.


4.1   Targeted Consumer Market
      Teenagers currently spend an estimated $153 billion a year on everything from computers to cars
      to clothes (Brand, 2000). Trend conscious teens are very active in utilizing the media and
      advertising in seeking out the latest products, services, and fashions (Zollo, 1995) (Cited
      http://journals.cambridge.org/action/displayFulltext?
      type=1&fid=216393&jid=JAR&volumeId=44&issueId=01&aid=216391, 10 December 2010).
      Alligator has been successful in fostering long-term relationship with consumer, which accounts
      for a large portion of Alligator’s client portfolio. Tapping early into the market of the younger
      generation, Generation Y, which comprises of 25% of the population, will definitely bring about
      higher market share and profit. Mostly importantly, cultivating brand loyalty.
      With the expansion of targeted consumer market, Alligator aims to increase market share from
      the current 23% to 32%.




                                                                                                          12
4.2   Promotion and Advertising
      An article on the internet describes Generation Y as a new person with a young mind that is used
      to the fast pace of life. The new generation consumer tagged the CyberGen consumer, who has
      grown up in the era of iPhones and Social media networking, is not someone who would take
      things lying down. (http://ayushveda.com/blogs/business/consumer-behaviour-traits-of-the-new-
      consumer/, 10 December 2010). Caution selection of advertising media is required.


      e-Marketing
      The Millennial Generation (or Gen Y), like other generations, has been shaped by the events,
      leaders, developments and trends of its time. The rise of instant communication technologies
      made possible through use of the internet, such as email, texting, and IM and new media used
      through websites like YouTube and social networking sites like Facebook, MySpace, and
      Twitter, may explain the Millennials' reputation for being somewhat peer-oriented due to easier
      facilitation of communication through technology. (Cited
      http://en.wikipedia.org/wiki/Generation_Y#cite_note-geny.40work-38, 10 December 2010)
         •   Attractive web site for online purchase
             User-friendly and interactive capabilities such as 360 degree of product image, allows
             consumer to have full confidence in making purchases online.
         •   Online advertising
             Placing online ads, for example Banner ads, Tickers and Skyscrapers, on major websites
             such as yahoo.com and google.com. Relatively low in cost, but with high selectivity and
             appeal.
      Mobile Advertising
         •   Placing advertisements of Alligator on mobile advertising media such as public transports
             reinforce the existence of Alligator on consumer.




                                                                                                      13
Broadcasting
             •   Media broadcasting such as TV and radio commercials are one of the most powerful
                 advertising tools. Consumers are constantly reminded of the Alligator’s latest products
                 and promotions.
             •   Advertising in magazines, Elle, Women and Men etc, allows high geographical and
                 demographic selectivity with credibility and prestige.
          Personal Selling
      •   Salespeople are the most important critical to good reputation and sales record. They have been
          through meticulous selections and training to provide the best service to consumers. Rigorous
          and professional training are provided yearly to ensure that professionalism in all salespeople are
          maintained.
      •   Particularly, a group of 15-20 salespeople will go through training to understand all scopes of
          fashion related to golf. This includes fashion styling, understand the ergonomic design of all
          products etc.


4.3       Product Strategy
          The Core
             •   Alligator is the right choice for a confidence individual. Ergonomically designed for
                 ultimate comfort, trendy and luxurious.
          The Actual Product
             •   Full range of attire for Golf players which includes golf shirt and pant, footwear, gloves
                 and cap, for both male and female.
          Branding
             •   Sponsorship and Endorsement
                 Engage celebrities or star golfers such as Amy Alcott and Tommy Armour to endorse on
                 Alligator’s new Golf series.


          Brand Personality
             •   Advanced material that keeps your body dry and comfortable throughout the whole
                 game.
             •   Protects your skin from the harmful sun rays.
4.4       Price Strategy
                                                                                                            14
Consumer Demand
      From a consumer’s perspective, value or quality is closely related to price; “the higher the price,
      the better the quality”. To be able to implement higher pricing, Alligator has to place into
      consideration all the benefits and cost derivable for a consumer.
      Product Lifecycle
      The product life cycle concept helps marketing managers to plan alternate marketing strategies to
      address the challenges that their products are likely to face. It is also useful for monitoring sales
      results over time and comparing them to those of products having a similar life cycle. (Cited
      http://www.netmba.com/marketing/product/lifecycle/, 10 December 2010)
      Alligator has to strategically price and maintain the pricing of all continued products in the long-
      run. Adjusting of price too often may reflect negative sales records or defects in the product,
      resulting in a decline in reputation.
      With excellent promotional mix, Alligator will also have to take full advantage during the
      introduction and growth stage where consumers are fully exposed and have been proven a




      success.




4.5   Placement Strategy
      Retailers
                                                                                                          15
Alligator is sold in all leading departmental stores strategically located in the central of all major
      cities. For example, ION Orchard, where all prestigious dining and fashion are centralized,
      Takashimaya, renowned departmental shop.


      Selective Distribution
      Alligator practices selective distribution where products are matched to suitable resellers. For
      example, winter wears are not suitable and will not be distributed to tropical countries such as
      Singapore.


      Authorized Distribution
      For the new Golf series of apparel, authorized distribution has been given to Alligators retail
      outlet located at iON Orchard. This will provide a focal point for all golfers to shop with the aid
      of professional salespeople trained with Golf-fashion.


4.6   Positioning
      In an article published by Jack Trout, he describes positioning as a communication tool to reach
      target customers in a crowded marketplace (Cited http://www.quickmba.com/marketing/ries-
      trout/positioning/, 10 December 2010).


      Alligator, positioned as one of the leader in the apparel industry, seeks to increase and maintain
      its market share by constantly exploring new market penetration and opportunities, embracing
      new changes to technology etc.




                                                                                                          16
5.   Evaluation/Conclusion

     Quarterly review will be implemented to ensure that sales targets are met. Review will include
     possible improvements to increase sales and service.

     Customer feedbacks are collect daily from all retail departments and online shoppers to ensure
     that the right promotion mix has been implemented and high satisfaction levels are achieved.




                                                                                                      17
6.   References

     Marketing: An Introduction, International Edition

     Armstrong/Kotler, 7e,

     Pearson Prentice Hall



     http://www.euromonitor.com/Clothing_And_Footwear_In_The_US



     http://lifestylemonitor.cottoninc.com/Supply-Chain-Insights/Japanese-Consumer-10-10/




     http://www.chinaapparel.net/news/2004/2004-08-18/5131.shtmhttp://journals.cambridge.org/acti
     on/displayFulltext?type=1&fid=216393&jid=JAR&volumeId=44&issueId=01&aid=216391l




                                                                                               18

Weitere ähnliche Inhalte

Was ist angesagt?

Marketing Position Of "GILLETTE" and Its Supply Chain Integration
Marketing Position Of "GILLETTE" and Its Supply Chain Integration Marketing Position Of "GILLETTE" and Its Supply Chain Integration
Marketing Position Of "GILLETTE" and Its Supply Chain Integration Sunny Kumar
 
Muhammad Taha Uddin Khan Ghori
Muhammad Taha Uddin Khan GhoriMuhammad Taha Uddin Khan Ghori
Muhammad Taha Uddin Khan GhoriTaha Ghori
 
Procter & Gamble Strategic Analysis
Procter & Gamble Strategic AnalysisProcter & Gamble Strategic Analysis
Procter & Gamble Strategic AnalysisSteven Perdoch
 
Australia athletic apparel and footwear industry outlook to 2017 sample report
Australia athletic apparel and footwear industry outlook to 2017 sample reportAustralia athletic apparel and footwear industry outlook to 2017 sample report
Australia athletic apparel and footwear industry outlook to 2017 sample reportMeetu Bhasin Suri
 
Brand history & development (p&g)
Brand history & development (p&g)Brand history & development (p&g)
Brand history & development (p&g)Kashyap Shah
 
Sm Case Jisha & Remya(2)
Sm Case Jisha & Remya(2)Sm Case Jisha & Remya(2)
Sm Case Jisha & Remya(2)guest78d8ca
 
Kingfisher assignment
Kingfisher assignmentKingfisher assignment
Kingfisher assignmentvaruna177
 
Ub Group -product and brand management
Ub Group -product and brand managementUb Group -product and brand management
Ub Group -product and brand managementankitabaru
 
Group 7 united spirits ltd.
Group  7 united spirits ltd.Group  7 united spirits ltd.
Group 7 united spirits ltd.Neeta Pai
 
Strategic Management in a Global Context: Under Armour
Strategic Management in a Global Context: Under ArmourStrategic Management in a Global Context: Under Armour
Strategic Management in a Global Context: Under ArmourRonantonnoel
 
Marketing Research- Gillette Mach-3
Marketing Research- Gillette Mach-3Marketing Research- Gillette Mach-3
Marketing Research- Gillette Mach-3Irfan iftekhar
 
United spirits ltd (industry analysis)
United spirits ltd (industry analysis)United spirits ltd (industry analysis)
United spirits ltd (industry analysis)Lucky Kotecha
 
Project on Gillette
Project on GilletteProject on Gillette
Project on GilletteMrinal
 
Section 2 Team 9 BP
Section 2 Team 9 BPSection 2 Team 9 BP
Section 2 Team 9 BPMichael Calo
 
Accounting Financial Ratio Analysis
Accounting Financial Ratio AnalysisAccounting Financial Ratio Analysis
Accounting Financial Ratio AnalysisXinYee Khoo
 
Saudi Arabian Beverage Market
Saudi Arabian Beverage MarketSaudi Arabian Beverage Market
Saudi Arabian Beverage Marketguestbd140
 
Zagazig university - student research 2017
Zagazig university - student research 2017Zagazig university - student research 2017
Zagazig university - student research 2017Mohammed Sakr
 

Was ist angesagt? (20)

Marketing Position Of "GILLETTE" and Its Supply Chain Integration
Marketing Position Of "GILLETTE" and Its Supply Chain Integration Marketing Position Of "GILLETTE" and Its Supply Chain Integration
Marketing Position Of "GILLETTE" and Its Supply Chain Integration
 
Muhammad Taha Uddin Khan Ghori
Muhammad Taha Uddin Khan GhoriMuhammad Taha Uddin Khan Ghori
Muhammad Taha Uddin Khan Ghori
 
Procter & Gamble Strategic Analysis
Procter & Gamble Strategic AnalysisProcter & Gamble Strategic Analysis
Procter & Gamble Strategic Analysis
 
Australia athletic apparel and footwear industry outlook to 2017 sample report
Australia athletic apparel and footwear industry outlook to 2017 sample reportAustralia athletic apparel and footwear industry outlook to 2017 sample report
Australia athletic apparel and footwear industry outlook to 2017 sample report
 
Brand history & development (p&g)
Brand history & development (p&g)Brand history & development (p&g)
Brand history & development (p&g)
 
Sm Case Jisha & Remya(2)
Sm Case Jisha & Remya(2)Sm Case Jisha & Remya(2)
Sm Case Jisha & Remya(2)
 
Kingfisher assignment
Kingfisher assignmentKingfisher assignment
Kingfisher assignment
 
Ub Group -product and brand management
Ub Group -product and brand managementUb Group -product and brand management
Ub Group -product and brand management
 
Group 7 united spirits ltd.
Group  7 united spirits ltd.Group  7 united spirits ltd.
Group 7 united spirits ltd.
 
Strategic Management in a Global Context: Under Armour
Strategic Management in a Global Context: Under ArmourStrategic Management in a Global Context: Under Armour
Strategic Management in a Global Context: Under Armour
 
Recent news
Recent newsRecent news
Recent news
 
kingfisher
kingfisherkingfisher
kingfisher
 
Marketing Research- Gillette Mach-3
Marketing Research- Gillette Mach-3Marketing Research- Gillette Mach-3
Marketing Research- Gillette Mach-3
 
United spirits ltd (industry analysis)
United spirits ltd (industry analysis)United spirits ltd (industry analysis)
United spirits ltd (industry analysis)
 
Project on Gillette
Project on GilletteProject on Gillette
Project on Gillette
 
Section 2 Team 9 BP
Section 2 Team 9 BPSection 2 Team 9 BP
Section 2 Team 9 BP
 
Accounting Financial Ratio Analysis
Accounting Financial Ratio AnalysisAccounting Financial Ratio Analysis
Accounting Financial Ratio Analysis
 
Saudi Arabian Beverage Market
Saudi Arabian Beverage MarketSaudi Arabian Beverage Market
Saudi Arabian Beverage Market
 
United spirits
United spirits United spirits
United spirits
 
Zagazig university - student research 2017
Zagazig university - student research 2017Zagazig university - student research 2017
Zagazig university - student research 2017
 

Andere mochten auch

The tao of laravel
The tao of laravelThe tao of laravel
The tao of laravelHung Nguyen
 
Teaching Students with Emojis, Emoticons, & Textspeak
Teaching Students with Emojis, Emoticons, & TextspeakTeaching Students with Emojis, Emoticons, & Textspeak
Teaching Students with Emojis, Emoticons, & TextspeakShelly Sanchez Terrell
 
Study: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving CarsStudy: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving CarsLinkedIn
 
Hype vs. Reality: The AI Explainer
Hype vs. Reality: The AI ExplainerHype vs. Reality: The AI Explainer
Hype vs. Reality: The AI ExplainerLuminary Labs
 

Andere mochten auch (6)

Introduction to e commerce
Introduction to e commerceIntroduction to e commerce
Introduction to e commerce
 
The tao of laravel
The tao of laravelThe tao of laravel
The tao of laravel
 
Inaugural Addresses
Inaugural AddressesInaugural Addresses
Inaugural Addresses
 
Teaching Students with Emojis, Emoticons, & Textspeak
Teaching Students with Emojis, Emoticons, & TextspeakTeaching Students with Emojis, Emoticons, & Textspeak
Teaching Students with Emojis, Emoticons, & Textspeak
 
Study: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving CarsStudy: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving Cars
 
Hype vs. Reality: The AI Explainer
Hype vs. Reality: The AI ExplainerHype vs. Reality: The AI Explainer
Hype vs. Reality: The AI Explainer
 

Ähnlich wie Pdid4 low yin ling mkt_assignment

1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docxherminaprocter
 
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docxnovabroom
 
Exitus 2016 - brief (september)
Exitus   2016 - brief (september)Exitus   2016 - brief (september)
Exitus 2016 - brief (september)capservegroup
 
Hunter Boots Wellington - case study report
Hunter Boots Wellington - case study reportHunter Boots Wellington - case study report
Hunter Boots Wellington - case study reportAttila Németh
 
Business growth: material for exercises
Business growth: material for exercisesBusiness growth: material for exercises
Business growth: material for exercisesFogGuru MSCA Project
 
Colgate Palmolive Final Presentation 4.27
Colgate Palmolive Final Presentation 4.27Colgate Palmolive Final Presentation 4.27
Colgate Palmolive Final Presentation 4.27Emily Krokstrom
 
Final Project Marketing Management
Final Project Marketing ManagementFinal Project Marketing Management
Final Project Marketing ManagementBrandon Kuntz
 
satartup analsis and reporting on some companies
satartup analsis and reporting on some companiessatartup analsis and reporting on some companies
satartup analsis and reporting on some companiesjaisivajaisiva0492
 
satartup analsis and reporting on some companies
satartup analsis and reporting on some companiessatartup analsis and reporting on some companies
satartup analsis and reporting on some companiesjaisivajaisiva0492
 

Ähnlich wie Pdid4 low yin ling mkt_assignment (20)

B2T5MarketingPlan-2
B2T5MarketingPlan-2B2T5MarketingPlan-2
B2T5MarketingPlan-2
 
SWOT Analysis of Gillette- PPT
SWOT Analysis of Gillette- PPTSWOT Analysis of Gillette- PPT
SWOT Analysis of Gillette- PPT
 
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
 
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
1Figures title9Week 8 Assignment 3Week 8 Assignment 3Th.docx
 
Exitus 2016 - brief (september)
Exitus   2016 - brief (september)Exitus   2016 - brief (september)
Exitus 2016 - brief (september)
 
Gillette
GilletteGillette
Gillette
 
Colgate brand image
Colgate brand imageColgate brand image
Colgate brand image
 
Gillette report 2
Gillette report 2Gillette report 2
Gillette report 2
 
Colgate brand image
Colgate brand imageColgate brand image
Colgate brand image
 
Colgate Palmolive 2.7
Colgate   Palmolive 2.7Colgate   Palmolive 2.7
Colgate Palmolive 2.7
 
Hunter Boots Wellington - case study report
Hunter Boots Wellington - case study reportHunter Boots Wellington - case study report
Hunter Boots Wellington - case study report
 
Case study on Levis Strauss
Case study on Levis StraussCase study on Levis Strauss
Case study on Levis Strauss
 
Altoids Book
Altoids Book Altoids Book
Altoids Book
 
Business growth: material for exercises
Business growth: material for exercisesBusiness growth: material for exercises
Business growth: material for exercises
 
Colgate Palmolive Final Presentation 4.27
Colgate Palmolive Final Presentation 4.27Colgate Palmolive Final Presentation 4.27
Colgate Palmolive Final Presentation 4.27
 
Final Project Marketing Management
Final Project Marketing ManagementFinal Project Marketing Management
Final Project Marketing Management
 
Gillette India
Gillette IndiaGillette India
Gillette India
 
Harry Rosen
Harry RosenHarry Rosen
Harry Rosen
 
satartup analsis and reporting on some companies
satartup analsis and reporting on some companiessatartup analsis and reporting on some companies
satartup analsis and reporting on some companies
 
satartup analsis and reporting on some companies
satartup analsis and reporting on some companiessatartup analsis and reporting on some companies
satartup analsis and reporting on some companies
 

Kürzlich hochgeladen

Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxVishalSingh1417
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfNirmal Dwivedi
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the ClassroomPooky Knightsmith
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - Englishneillewis46
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseAnaAcapella
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...pradhanghanshyam7136
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structuredhanjurrannsibayan2
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxVishalSingh1417
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Association for Project Management
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024Elizabeth Walsh
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701bronxfugly43
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...ZurliaSoop
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...Poonam Aher Patil
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...christianmathematics
 
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy  Upper Limb and Thorax.. Volume 1 (1).pdfVishram Singh - Textbook of Anatomy  Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdfssuserdda66b
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfagholdier
 

Kürzlich hochgeladen (20)

Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - English
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy  Upper Limb and Thorax.. Volume 1 (1).pdfVishram Singh - Textbook of Anatomy  Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 

Pdid4 low yin ling mkt_assignment

  • 2. Prepared by: Low Yin Ling (S8013279D) PDIP4 Prepared for: Sharon Tan 2
  • 3. Executive Summary The following marketing plan forms the basis for the launch of a new series of Golf apparel, Golf, developed by Alligator. The analysis outlines the best strategies to follow for the achievement of the company’s strategic goals. Golf will be marketed as the latest technology development by Alligator, providing ultimate comfort for golfers in style. The successful launch of Golf will bring about a bigger market segment of an estimation 9 million people, with a forecasted sales growth prospect of 15% over the next 3 years. Market shares are expected in increase, carrying Alligator to a higher spot in the industry as a reputable market leader. 3
  • 4. Table of Content 1. Company Background and Company Mission Page 4 2. Environmental Analysis 4 2.1 Micro Analysis 4 2.2 Macro Analysis 6 2.3 SWOT Analysis 8 3. Situational Analysis 10 4. Promotional Strategy 11 4
  • 5. Company Background Founded in 1987 by Dr Williams Jones, Alligator is a leading apparel company selling high-end products ranging from sports attire, casual wear, footwear, watches, eyewear and leather goods. In recent years, a series of perfume, and sport accessories have been launched successfully. 1.1 Company Mission With expectation for sales and market share to increase with the approaching holiday seasons, Alligator has designed a new series of apparels for golfers. The launch of this series is planned for in November 2011. Having successfully fostering brand-loyalty in consumer, Alligator now face a heavily concentration of retained consumer and is unable to capture the attention of new and younger consumer market. Alligator targets to increase market share and to capture and penetrate into the consumer market of younger generation. 2. Environment Analysis This analysis aims to provide a thorough understanding of Alligator’s internal and external environment, through which key opportunities and threats can be drawn. 2.1 Micro Environment Using Porter’s Five Forces framework, we analyze the attractiveness of the apparel industry. 2.1.1 Competitive Rivalry Alligator faces stiff competition from other leading brands such as Tommy Hilfiger, Armani and particularly, Polo Ralph Lauren who will has been in partnership with U.S. Olympic to outfit the U.S. Olympic Team since 2008 (Cited http://en.wikipedia.org/wiki/Polo_Ralph_Lauren, 10 December 2010). This has successfully positioned Polo Ralph Lauren as a global brand. Alligator has to plan strategically to prevent losing our market share. 2.1.2 Barrier of Entry 5
  • 6. With other fashion leading brand constantly expanding their products and market, Alligator has to react aggressively to such entrants by having more promotions and marketing our brand to more markets. Alligator will also need to deter counterfeits which poses as a constant threat to our branding and reputation. 2.1.3 Threat of Substitutes Fashion and apparel can be easily substituted by the wide varieties available in the market worldwide. For example, there are countless of designs and brands available for a simple polo t- shirt with price ranging from as low as SGD20. Brand loyalty is also reflected by consumer’s willingness to spend on apparels. As such, Alligator will need to emphasize on our unique design and fine quality to gain confidence in consumer. 2.1.4 The Power of Buyer The bargaining power of buyers is high and with the vast variety of brands available, consumer making brand-switch is easy. With the up-turn in economy and consumer’s spending confidence, consumers are more willing to spend on luxurious items. Alligator will need to be able to capture this into the sales record with competitive pricing on all products. 2.1.5 The Power of Suppliers According to Johnson, Scholes & Whittington (2008, p.61), supplier power is determined by these factors – concentrated suppliers, high switching costs and supplier competition threat. In this case, Alligator do not rely on a single supplier. High expectations have been set upon suppliers and they have to meet a set of vial criteria before engaging in long-term partnership. With the production plant centralized in China, has given Alligator a good cost advantage. However, Alligator will need to ensure that labour and political conflict that may arise do not cause any delay in manufacturing and supplying of goods globally. 6
  • 7. 2.2 Macro Environment In order for Alligator to effectively strategize our business, it is essential to use the PESTAL framework to analyze the macro-environment. 2.2.1 Political With the opening of China, the country has been a popular choice for manufacturing industry due to the low setup cost for production plant. Alligator will have to re-evaluate their strategy and shift a portion, or even all, of their manufacturing facilities to China. This will allow Alligator to lower production cost to competitively compete in the price sensitive market. However, this risk the quality produced and Alligator will need to ensure that product quality is not compromised and protect our reputation. By producing in a low cost country, the risk of design may also be leaked out as control could be harder to establish. The lack of governmental protection may also be an issue for Alligator as China is loaded with counterfeits, which are sold to other parts of the world. This will erode Alligator’s market share and brand equity. Also, some countries encourage their citizens to support their local brand rather than imported brands by imposing high taxes to imported brand in order to protect the local brand. 2.2.2 Economic With signs of improvement after the recent recession that has rocked the whole world, consumer confidence and spending has risen (Cotton Incorporated release, 09 December 2010). Consumers are expected to spend more on apparel this holiday season, along with the back-to-school apparel. Apparel will most likely figure prominently in holiday purchase. However, price will continue to remain as an important factor in purchasing. Consumers will look out for the best deals comparing quality. As such, Alligator would need to re-strategize their marketing plans by placing greater emphasis and budget into promoting their value-for-money product. Foreign currency risk affects the profit of an organisation. Sales, costs and results of operations may be materially affected by exchange rate fluctuations. Unable to control this, Alligator can only manage by ensuring that the cost of raw materials and production are kept low. 7
  • 8. 2.2.3 Social Health and diet are getting prominence among people these days. Besides eating healthy, there is an increase in individual joining fitness clubs and sports activities, accompanying by an increase in demand for fitness necessities such as exercise attire and shoes. Alligator is ready to meet surge in demand for consumer looking for sports apparel. According to an article on the internet, one interesting aspect of the apparel market is the recent strong growth in sales of accessories such as handbags and scarves (Cited http://www.researchandmarkets.com/research/277f41/clothing_footwea, 09 December 2010). These will ties in with Alligator new launch of golf accessories such as watch and head bands. Also, in hope to boost sales in this tough economy, retailers are using an increasingly popular technique which is to launch high-profile clothing lines from high-end designers and celebrities (Cited http://www.cottoninc.com/pressreleases/?articleID=521, 09 December 2010). Alligator is now in the midst of collaborating with Kate Spade to launch a series of sports bag and other accessories. 2.2.4 Technology Technology today is developing so rapidly that what is considered new and modern today could be rendered obsolete tomorrow. To keep abreast of technology, Alligator places great emphasis on continuous R&D development and invested EUR $4.5 billion on development and has over 15,000 employees in R&D which is about 24% of its total employees worldwide. 2.2.5 Environmental Alligator is fully committed to endorse on the importance of environmental issues and actively engaged in activities such as Earth Day. Alligator is one of the international brands to support the “Save Your Logo” campaign initiated by the Global Environment Facility. This project allows companies or institutions to participate in the preservation of biodiversity on the planet with a commitment to safeguard and defend the animal that represents their logo (http://www.saveyourlogo.org/, 10 December 2010). 8
  • 9. 2.2.6 Legal Workplace safety and health is one area that many local governments are concerned about. Alligator takes the health, safety and well being of their employees seriously, which is vital to their success. Alligator deployed an Occupational Health and Safety (OHS) unit to be responsible on all the necessary action plans in regards to health and safety strategy for its global employees, adhering to the labour requirements of different countries. 2.3 SWOT Analysis Using this analysis, we summarize the key issues of Alligator’s business environment and strategic capacity which can be used on future strategic options decision making. Strengths • Strong and single brand name. Alligator is a renowned fashion label. • Comprehensive range of products covering from outfits to accessories. • Expertise in distribution, strong supply chain management. • Endorsed by celebrities to increase publicity. • Headquarters strategically located in the center of fashion-city. Weakness • Higher selling price in comparison with competitors. • Lack of in-house marketing expertise. Too reliant on external marketing company. • Undifferentiated products which can be found easily at other brands. • Damaged reputation with the increase of counterfeits. • Limited to metropolitan areas only. Opportunity • E-commerce/Online shopping which allows more flexibility for customers. • New international market. • As China gets too concentrated with manufacturing plants, new manufacturing countries such as India is recognized. • Product diversification to distinguish Alligator from competitors. 9
  • 10. Threats • With free-entry to the apparel industry, increasing intensive competition. • Needs to constantly sustain current fashion trends. • Change in consumers’ lifestyle or preferences. • Global diseases, such as SARS, which forces consumer to stay home, reducing sales in retail outlets. 10
  • 11. 3. Situational Analysis As stated by Duncan, 2003, segmentation and targeting seek to determine who companies want to reach in order to build brand relationship. Understanding Alligator’s current segmentation will allow marketing to be efficient and effective by focusing on smaller but profitable segments in the market. 3.1 Current Consumer Market Alligator focuses on fostering a long-term relationship with our customer and targets at consumers aged 25 and above. Consumer from this age group comes with demographic traits of financially independent with high spending power and increase in disposable income. As such, they are willing to spend on the finest products priced above average. With the high quality of product, Alligator appeals to consumer who seeks benefits from our product such as durability, fashionable and comfort. Customers of Alligator are often heavy-users of our product. From the benefits that they derived, they will maintain and increase the usage of Alligator’s product. 3.2 Current Target Market Being a global brand, Alligator is undifferentiated and is found in all major cities and countries. With such strategy, Alligator is obtainable in all location. The use of mass advertising and distribution allows Alligator to target at a large group of consumer. 3.3 Current Competitors Alligator’s top competitors for apparel industry are Polo Ralph Lauren (25.6%) and Tommy Hilfiger (16.8% of the market). When combined, they represent about 40% of the total market. Successful in fostering brand loyalty, competitors retains a large portion of the global market. 11
  • 12. 4. Promotion Strategy Targeting to improve Alligator’s market share and sales along with the year-end holiday celebrations, a series of promotional activities are introduced along with the launch of our new series of sports attire. Objectives • To initiate strong awareness about the launch of Alligator’s new Golf shoe and gloves throughout the country • Appeal to the younger generation market aged 15 and above, increasing our market shares over our competitors. Message The new tagline for Alligator is “Score with Confidence, with Alligator”. Concepts: • Dressed with the appropriate gear, ranging from outfit to accessories, consumer will be able to play with comfort and full confidence. • A good spirit in a confidence body. 4.1 Targeted Consumer Market Teenagers currently spend an estimated $153 billion a year on everything from computers to cars to clothes (Brand, 2000). Trend conscious teens are very active in utilizing the media and advertising in seeking out the latest products, services, and fashions (Zollo, 1995) (Cited http://journals.cambridge.org/action/displayFulltext? type=1&fid=216393&jid=JAR&volumeId=44&issueId=01&aid=216391, 10 December 2010). Alligator has been successful in fostering long-term relationship with consumer, which accounts for a large portion of Alligator’s client portfolio. Tapping early into the market of the younger generation, Generation Y, which comprises of 25% of the population, will definitely bring about higher market share and profit. Mostly importantly, cultivating brand loyalty. With the expansion of targeted consumer market, Alligator aims to increase market share from the current 23% to 32%. 12
  • 13. 4.2 Promotion and Advertising An article on the internet describes Generation Y as a new person with a young mind that is used to the fast pace of life. The new generation consumer tagged the CyberGen consumer, who has grown up in the era of iPhones and Social media networking, is not someone who would take things lying down. (http://ayushveda.com/blogs/business/consumer-behaviour-traits-of-the-new- consumer/, 10 December 2010). Caution selection of advertising media is required. e-Marketing The Millennial Generation (or Gen Y), like other generations, has been shaped by the events, leaders, developments and trends of its time. The rise of instant communication technologies made possible through use of the internet, such as email, texting, and IM and new media used through websites like YouTube and social networking sites like Facebook, MySpace, and Twitter, may explain the Millennials' reputation for being somewhat peer-oriented due to easier facilitation of communication through technology. (Cited http://en.wikipedia.org/wiki/Generation_Y#cite_note-geny.40work-38, 10 December 2010) • Attractive web site for online purchase User-friendly and interactive capabilities such as 360 degree of product image, allows consumer to have full confidence in making purchases online. • Online advertising Placing online ads, for example Banner ads, Tickers and Skyscrapers, on major websites such as yahoo.com and google.com. Relatively low in cost, but with high selectivity and appeal. Mobile Advertising • Placing advertisements of Alligator on mobile advertising media such as public transports reinforce the existence of Alligator on consumer. 13
  • 14. Broadcasting • Media broadcasting such as TV and radio commercials are one of the most powerful advertising tools. Consumers are constantly reminded of the Alligator’s latest products and promotions. • Advertising in magazines, Elle, Women and Men etc, allows high geographical and demographic selectivity with credibility and prestige. Personal Selling • Salespeople are the most important critical to good reputation and sales record. They have been through meticulous selections and training to provide the best service to consumers. Rigorous and professional training are provided yearly to ensure that professionalism in all salespeople are maintained. • Particularly, a group of 15-20 salespeople will go through training to understand all scopes of fashion related to golf. This includes fashion styling, understand the ergonomic design of all products etc. 4.3 Product Strategy The Core • Alligator is the right choice for a confidence individual. Ergonomically designed for ultimate comfort, trendy and luxurious. The Actual Product • Full range of attire for Golf players which includes golf shirt and pant, footwear, gloves and cap, for both male and female. Branding • Sponsorship and Endorsement Engage celebrities or star golfers such as Amy Alcott and Tommy Armour to endorse on Alligator’s new Golf series. Brand Personality • Advanced material that keeps your body dry and comfortable throughout the whole game. • Protects your skin from the harmful sun rays. 4.4 Price Strategy 14
  • 15. Consumer Demand From a consumer’s perspective, value or quality is closely related to price; “the higher the price, the better the quality”. To be able to implement higher pricing, Alligator has to place into consideration all the benefits and cost derivable for a consumer. Product Lifecycle The product life cycle concept helps marketing managers to plan alternate marketing strategies to address the challenges that their products are likely to face. It is also useful for monitoring sales results over time and comparing them to those of products having a similar life cycle. (Cited http://www.netmba.com/marketing/product/lifecycle/, 10 December 2010) Alligator has to strategically price and maintain the pricing of all continued products in the long- run. Adjusting of price too often may reflect negative sales records or defects in the product, resulting in a decline in reputation. With excellent promotional mix, Alligator will also have to take full advantage during the introduction and growth stage where consumers are fully exposed and have been proven a success. 4.5 Placement Strategy Retailers 15
  • 16. Alligator is sold in all leading departmental stores strategically located in the central of all major cities. For example, ION Orchard, where all prestigious dining and fashion are centralized, Takashimaya, renowned departmental shop. Selective Distribution Alligator practices selective distribution where products are matched to suitable resellers. For example, winter wears are not suitable and will not be distributed to tropical countries such as Singapore. Authorized Distribution For the new Golf series of apparel, authorized distribution has been given to Alligators retail outlet located at iON Orchard. This will provide a focal point for all golfers to shop with the aid of professional salespeople trained with Golf-fashion. 4.6 Positioning In an article published by Jack Trout, he describes positioning as a communication tool to reach target customers in a crowded marketplace (Cited http://www.quickmba.com/marketing/ries- trout/positioning/, 10 December 2010). Alligator, positioned as one of the leader in the apparel industry, seeks to increase and maintain its market share by constantly exploring new market penetration and opportunities, embracing new changes to technology etc. 16
  • 17. 5. Evaluation/Conclusion Quarterly review will be implemented to ensure that sales targets are met. Review will include possible improvements to increase sales and service. Customer feedbacks are collect daily from all retail departments and online shoppers to ensure that the right promotion mix has been implemented and high satisfaction levels are achieved. 17
  • 18. 6. References Marketing: An Introduction, International Edition Armstrong/Kotler, 7e, Pearson Prentice Hall http://www.euromonitor.com/Clothing_And_Footwear_In_The_US http://lifestylemonitor.cottoninc.com/Supply-Chain-Insights/Japanese-Consumer-10-10/ http://www.chinaapparel.net/news/2004/2004-08-18/5131.shtmhttp://journals.cambridge.org/acti on/displayFulltext?type=1&fid=216393&jid=JAR&volumeId=44&issueId=01&aid=216391l 18