The Burleigh Brewing Company is a brewery company situated at Gold Coast, Queensland, Australia. Company was founded in 2006 and in a very short period of time, organization has developed its effective image in the domestic as well as in international brewery market. It is mainly known for producing craft beer and market of craft beer is rapidly increasing in Australia. Thus, in order to defend the acquired position in the brewery industry, organization has planned to launch a new product through which company’s market share could be enhanced along with determining the opportunities for gaining competitive advantage in the target market (Burleigh Brewing, 2018).
With the help of product development theory, organization has planned to introduce a new beer in the market. Motive of this beer is to provide refreshing and relished experience to its consumers and for the same, quantity of alcohol in this drink will be less in comparison with company’s previous product offerings. New product idea has been invented due to companies less involvement in the craft beer market and existence of large companies in craft beer market. Primary motive of this beer will be meeting with the expectations of beer lovers in Australian market as well as to provide them a unique refreshing and energising drink.
Segmentation is the technique to segregate big market into small segments so that particular niche market could be identified in relevance with organizational new product. In relevance with the refreshing beer which will be soon launched in Australian market, target audience will be segregated on the basis of age, gender and on income group basis (Steenbeke, Gevaert, Tuleasca, Engels, Van Den Berge, Poels & De Ridder, 2015). Apart from this, major target audience segment will be people aged 18 to 45. This is because people in this group require more refreshment after a long tiring day. Moto of refreshing beer is also providing refreshing and relished experience to its consumers. Potential target segments for refreshing beer will be:
Primary motive of refreshing beer is providing refreshed experience along with increasing energy level amongst the target audience. Thus, positioning statement for this drink will be “an energy booster” and with the help of this statement, The Burleigh Brewing Company will be able to make an effective position of their new beer in the target market. Apart from this, refreshing beer will be priced at premium pricing with the objective of making it unique from available options in the market (McQuiston & Caldwell, 2016).
Amongst the three layers of a product i.e. core, actual and augmented, refreshing beer will fall into the category of actual product as it is tangible in nature and people wold be able to purchase the product when they feel need for that.
The Burleigh Brewing Company produces its products in factory and the same process will be followed for manufacturing refreshing beer, thus, it will fall under food and beverages categories of product.
Branding strategy should be creative which should include brand’s name, logo and slogan as well. It will help the organization to develop its effective position in the market and along with this; branding strategy will also help the The Burleigh Brewing Company to make its unique position by promoting benefits and USPs of the refreshing beer amongst the target audience. Organization has made its effective image in brewery industry, thus, brand loyalty could also be utilised in order to gain positive outcomes (Eppinger & Ulrich, 2015).
Major target market segments for this beer are youth, thus, in order to attract them, organization should use attractive packaging design. Along with attractive design of the product, organization could provide small bottles and cans which will be easy to carry and will look more attractive. Design of the bottle and colour used for bottles and cans should be bright and catchy through which refreshment could be felt just by seeing the packaging (Akar & Topçu, 2011).
Distribution channel is the path for a product to reach to the consumers from producers. Business to Business and Business to Consumer are two major types of distribution channels. Under B2B type of structure, raw materials are purchased from a business organization to produce final goods. Apart from this, there is a B2C under which products are directly sold to the consumers (Ma, Wang, Xu & Ouyang, 2015).
In relation with refreshing beer, B2B channel will be used because The Burleigh Brewing Company is a manufacturing company and they will supply this beer to the local shops and other retailers. From there, consumers will be able to purchase the beer. This will fall under indirect distribution channel structure as middle men will be involved under distribution process of refreshing beer.
Level of distribution is of three types and it is selected on the basis of certain factors such as demand of the product, production capacity, promotional activities, size of the market, etc. These three types are intensive distribution, selective and exclusive. In relevance with refreshing beer, intensive and selective distribution technique will be used in order to make the product available for the target audience at their nearby stores.
Refreshing drink will be available in all grocery stores, retail outlets, supermarkets, as well as in the hypermarkets. Major supermarkets in Australia are Woolworths Limited, Wal-Mart, etc. and the beer will be available in almost all these stores with the objective of increasing the demand.
Retailers offer various benefits to the suppliers as well as to the customers. The major benefit for a consumer through purchasing retail store is availability of various products under one roof. Apart from this, consumers could buy minimum of one quantity and maximum depends upon the availability of a particular product. Major benefits through retailing are:
Apart from these benefits, there are various other benefits linked with retailing such as it helps the organization to boost up sales as well as profitability and it also act as an effective promotional tool.
In relevance with the promotion of a new product, primary goal for an organization will be spreading awareness amongst the target audience so that curiosity could be builds up so that when product will be introduced in the market, appropriate demand of the product could be attained. The Burleigh Brewing Company has planned to launch refreshing beer in the Australian market and their goals linked with promotional activities are:
Refreshing beer is a brand new product which will be soon launched in the target market. In this product, refreshing elements are added along with a certain level of alcohol. Major target market segment for this product is youth. USP of this beer is its refreshing nature which will provide relished experience to its users (Kitchen & Burgmann, 2010).
With the help of retail stores, supermarkets, hypermarkets, etc., refreshing beer will be made available to the target audience across Australia including Queensland, West Australia, New South Wales and Victoria (Schlissel, 2015).
Primary tool for promoting refreshing beer in the target market will be trending digital marketing strategies. Amongst them, social media platform such as Facebook, Twitter, Instagram, etc. will be used in terms of promoting the refreshing beer amongst the target audience (Fine, 2017).
Premium pricing method will be used for setting the price of the refreshing beer. Premium pricing method is used with the motive of encouraging the favourable perceptions among the buyers and solely based over price (Li, Hou, Chen & Li, 2016).
Integrated marketing communication tool will be used for promoting the USPs of the refreshing beer amongst the target market. Major attractions of the product will be energy and refreshing and there is no existing product available in the target market with these two attributes, thus, The Burleigh Brewing Company will be able to promote its new product in the target market along with gaining positive outcomes (LIU & GU, 2016).
Push strategy is used by organization to spread awareness amongst the target audience with the help of various promotional mediums. “Pushing product to the consumers” is the main moto of this strategy.
Pull strategy is used to generate demand amongst the target audience with the help of mass media promotion, CRM techniques, advertising, etc. “Generating demand of the product amongst the consumers” is the main moto for pull strategy. In relevance with the refreshing beer, pull strategy will be used as it is a unique drink with refreshing and energy boosters (Dawson & Henley, 2012).
Refreshing drink planned to launch in Australian market by The Burleigh Brewing Company could be done by showcasing and highlighting key factors which the drink will provide to the target audience such as refreshment, relished experience and energy. Apart from this, organization could also showcase the difference between existing beers in the market with the refreshing beer. It will help the organization to attract its target audience along with gaining competitive advantage in the competitive brewery industry (Weinstein, 2013).
For this beer, premium pricing technique will be used as the product contains lesser alcohol and more refreshment elements. Organization will be able to gain competitive advantage with the help of premium pricing technique.
Competitor’s product’s prices has been evaluated along with considering other attributes before setting price such as variable cost, fixed cost incurred for the production, etc. This will help the organization to create better image in the market along with gaining competitive advantage.
Premium pricing strategy has been adopted because there is no such close or direct competitors present for refreshing beer in the Australian and nearby markets. Refreshing drink has crucial attributes such as energy boosters and refreshment particles which are not yet present in any existing beer.
On the basis of average price of existing beers in Australian market, final price of the refreshing beer will be fixed. Apart from this, impact of price over stakeholders and other marketing activities’ impact will also be considered. Approximately price of the refreshing beer will be fixed between $AUD 3 to $AUD 6.
Akar, E., & Topçu, B. (2011). An examination of the factors influencing consumers' attitudes toward social media marketing. Journal of Internet Commerce, 10(1), 35-67.
Armstrong, G., Kotler, P., Harker, M., & Brennan, R. (2015). Marketing: an introduction. Pearson Education.
Burleigh Brewing. (2018). Our History. [Online]. Accessed from: https://burleighbrewing.com.au/our-story/. [7th May 2018].
Craft, S. H., & Hassan, S. S. (2015). Global consumer market segmentation strategy decisions and managerial assessment of performance. In Revolution in Marketing: Market Driving Changes (pp. 26-30). Springer, Cham.
Dawson, C., & Henley, A. (2012). “Push” versus “pull” entrepreneurship: an ambiguous distinction?. International Journal of Entrepreneurial Behavior & Research, 18(6), 697-719.
Eppinger, S., & Ulrich, K. (2015). Product design and development. McGraw-Hill Higher Education.
Fine, S. H. (2017). Introduction to social marketing. In Marketing the Public Sector (pp. 1-12). Routledge.
Kitchen, P. J., & Burgmann, I. (2010). Integrated marketing communication. John Wiley & Sons, Ltd.
Li, B., Hou, P. W., Chen, P., & Li, Q. H. (2016). Pricing strategy and coordination in a dual channel supply chain with a risk-averse retailer. International Journal of Production Economics, 178, 154-168.
LIU, X., & GU, L. (2016). The Study of Pricing Strategy in Online-offline Channel Based on the Consumer's Switching Behavior. Journal of Management, 2, 009.
Luan, Y. J., & Sudhir, K. (2010). Forecasting marketing-mix responsiveness for new products. Journal of Marketing Research, 47(3), 444-457.
Ma, L., Wang, J., Xu, L., & Ouyang, M. (2015). Optimized Torque Distribution Strategy for In-Wheel-Drive Electric Vehicles to Reduce Tire Wear. In Vehicle Power and Propulsion Conference (VPPC), 2015 IEEE (pp. 1-5). IEEE.
McQuiston, D. H., & Caldwell, C. B. (2016). Scarlet Lane Brewing Company: Carving Out a Niche in the Craft Beer Market. Journal of Case Studies, 34(2), 45-62.
Melewar, T. C., & Skinner, H. (2018). Territorial brand management: Beer, authenticity, and sense of place. Journal of Business Research.
Montagnaro, F., Balsamo, M., & Salatino, P. (2016). A single particle model of lime sulphation with a fractal formulation of product layer diffusion. Chemical Engineering Science, 156, 115-120.
Podolyakina, N., & Popova, Y. (2014). Development of product promotional strategy considering the risk of non-demand. Procedia-Social and Behavioral Sciences, 110, 805-811.
Schlissel, M. R. (2015). Promotional Strategy in a Service Industry: A Case Study. In Marketing Horizons: A 1980's Perspective (pp. 335-335). Springer, Cham.
Solomon, M. R., Dahl, D. W., White, K., Zaichkowsky, J. L., & Polegato, R. (2014). Consumer behavior: Buying, having, and being (Vol. 10). Pearson
Steenbeke, F., Gevaert, T., Tuleasca, C., Engels, B., Van Den Berge, D., Poels, K., & De Ridder, M. (2015). PD-0235: Frameless multimodality image integration using vessel tree segmentation for stereotactic targeting of AVM. Radiotherapy and Oncology, 115, S118-S119.
Weinstein, A. (2013). Handbook of market segmentation: Strategic targeting for business and technology firms. Routledge.
Yang, J., Liu, C., Teng, M., Liao, M., & Xiong, H. (2016). Buyer targeting optimization: A unified customer segmentation perspective. In Big Data (Big Data), 2016 IEEE International Conference on (pp. 1262-1271). IEEE.
To export a reference to this article please select a referencing stye below.
Assignment Hippo (2022) . Retrive from https://www.assignmenthippo.com/sample-assignment/development-of-product-promotional-strategy-assessment-answer
"." Assignment Hippo ,2022, https://www.assignmenthippo.com/sample-assignment/development-of-product-promotional-strategy-assessment-answer
Assignment Hippo (2022) . Available from: https://www.assignmenthippo.com/sample-assignment/development-of-product-promotional-strategy-assessment-answer
Assignment Hippo . ''(Assignment Hippo,2022) https://www.assignmenthippo.com/sample-assignment/development-of-product-promotional-strategy-assessment-answer accessed 08/12/2022.
Talk to our expert to get the help with Development Of Product Promotional Strategy Assessment Answers from Assignment Hippo Experts to complete your assessment on time and boost your grades now
The main aim/motive of the finance assignment help services is to get connect with a greater number of students, and effectively help, and support them in getting completing their assignments the students also get find this a wonderful opportunity where they could effectively learn more about their topics, as the experts also have the best team members with them in which all the members effectively support each other to get complete their diploma assignment help Australia. They complete the assessments of the students in an appropriate manner and deliver them back to the students before the due date of the assignment so that the students could timely submit this, and can score higher marks.Â The experts of the assignment help services at www.assignmenthippo.com are so much skilled, capable, talented, and experienced in their field and use our best and free Citation Generator and cite your writing assignments, so, for this, they can effectively write the best economics assignment help services.
Want to order fresh copy of the Sample Development Of Product Promotional Strategy Assessment Answers? online or do you need the old solutions for Sample Development Of Product Promotional Strategy Assessment Answer, contact our customer support or talk to us to get the answers of it.Assignment Help Australia
Want to order fresh copy of the Development Of Product Promotional Strategy Assessment Answers? online or do you need the old solutions for Sample Development Of Product Promotional Strategy Assessment Answer, contact our customer support or talk to us to get the answers of it.
Our motto is deliver assignment on Time. Our Expert writers deliver quality assignments to the students.
Get reliable and unique assignments by using our 100% plagiarism-free.
Get connected 24*7 with our Live Chat support executives to receive instant solutions for your assignment.
Get Help with all the subjects like: Programming, Accounting, Finance, Engineering, Law and Marketing.
Get premium service at a pocket-friendly rate at AssignmentHippo
I was struggling so hard to complete my marketing assignment on brand development when I decided to finally reach to the experts of this portal. They certainly deliver perfect consistency and the desired format. The content prepared by the experts of this platform was simply amazing. I definitely owe my grades to them.