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EXECUTIVE SUMMARY
Chapter II
CURRENT MARKETING SITUATION ANALYSIS
A. Industry
Advertising is a form of communication used by most businesses as to
create awareness and inform their audience about the product or service
that they are offering. It also persuades the target audience to create
immediate action for consumers to try the product. There
are
many
activities
include
advertising
campaigns,
product
as restaurants, spa, hospitality, and hotels. They initiate initial usage to the
customers. BTL Advertising or Below the Line Advertising, they attract
customers to go inside the restaurants, visit a hotel, and go out for a spa.
Usership pattern
Below the line advertising in the Philippines aims to target the users of
the discount cards, discount vouchers and discount coupons. Most of the
businesses in this industry aim to target the impulse buyers.
Impulse buyers are composed of Filipinos with the age range of 16 and
above. Majority of impulse buyers are 18 years old 30 years old. There
is a 70% difference on the gender distribution of impulse buyers. Most of
them are Female.
The figure above shows that most of the impulse buyers are female
which is 78 and male got 22 only.
In this modern time, people are engaged in a lot of family activities in the
Philippines recreational activities are usually done during weekends. During
this time, Filipinos, in groups made up of families, friends and officemates
indulge in recreational activities based largely on travel and adventures, club
and bars, beauty and wellness, fashion, sports and food and restaurants.
Growth Patterns
Granton World believes that the impulse buyers are increasing. The pattern
is increasing since internet now provides them accessible deals and people
can choose from a variety of choices. The presence of internet has also given
people with opportunity to have access information regarding deals and
services of different establishments.
Figure 2.3. Estimated Growth of Discount Card Users
World
serves
as
the
marketing
arm
of
different
Brief History
The company was established in April 30, 1995 under the name of
ASIA PACIFIC PRIMESTAR INC. under SEC Registration no. ASO95003860. Face to Face advertising leads consumer to business cost
effectively.
Started Flyer Division in 1996 where they import quality products sold
at reasonable and affordable prices with more diverse and interesting
selection of consumer goods.
In the middle of the same year, the company established the
Advertising Division in response to the success of discount dining
promotions offered by other companies. The companys typical certificate
sells for P399 and can be redeemed for multiple discounts on products
and services offered by a single vendor (single vendor can be coupled for
a combine certificate).
On September 26, 2005 ASIA PACIFIC PRIMESTAR INC. was
changed to DNMC Trade International Inc. by a majority vote of the Board
of Directors owning or representing at least two thirds of the outstanding
capital stock.
By 2009, September 26, the DNMC Trade International Inc. was
changed to Optimo International Group Inc. The latest name was
amended for doing business under the name and style of Granton
Marketing and Corporate Identity Resources on December 22 of the same
year.
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Budget Tamers
Impulse Buyers
Card Enthusiasts
Helpful Husbands
The figure shows the different Market segments under the Discount
Saving Packages Industry. Impulse buyers got the highest percentage among
the market segments which was 53% and the lowest was the Helpful
Husbands which only got 10% of the market segment.
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Market Size
Since Below the line advertising does not support a definite market
size for Granton world, the company and the proponents agreed to define the
market size by determining the target market and the total population in three
chosen areas of Granton namely, Ortigas Center, Makati City and The Fort.
Area
Total Population
The Fort
20, 741
Ortigas Center
669,773
Makati
529,039
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The figure shows the distribution of target market according to the three
areas Makati, The Fort and Ortigas. The highest percentage of is allocated
by the Ortigas area which got 55% and the lowest percentage was gather by
The Fort which only got 2%.
C. Competitive Situation
Since Granton is the pioneer in the discount savings industry in
three channels in the Philippines, it has the capability to set the price in
the market. The competition among organizations in this industry is not
that tough because they do not directly offer the same products to different
channels and different target segment. Most of the companies in this
industry compete depending on the deals and the interests of different
people. However, Smart Concepts Philippines, is the only direct
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the best deals on the best things to do, see, eat, and buy across the
Philippines since we launched in early 2011.
potential
and
repeat
customers and
most
We
have
as Restaurants
put
and
up
different
Dining,
categories to
Glamour
and
choose
Appeal,
from
such
Vacation
and
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Chapter III
SWOT ANALYSIS
SWOT MATRIX
Strengths
Weaknesses
Opportunities
Threats
discount packages
ideas
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STRENGHTS
Having committed employees is one of the typical needs of an organization.
Fortunately, Granton Marketing have those employees who are very determined on their
jobs. Granton also established good relationship with their business partners that enable
them to build a good reputation to gain more partners. Granton Marketing moreover, is the
pioneer in the discount savings packages industry, thus, players find it difficult to imitate
their business. Being a Canadian Company, choosing a location here in the Philippines is
very suitable to their business since this country has a huge population. Product innovations
are still ongoing. Through this, Granton are able to make new product offering for their
customers.
WEAKNESSES
Granton Marketing lacks in terms of their Human Resources. They have inadequate
number of advertisers to promote their products. Also, they do not have enough training for
their sales people. Another problem is they do not have sufficient policies when it comes to
offering their products to their customers especially in public places where they are not
permitted to sell a product. Granton Marketing has limited budget wherein they cannot
support the needs of some project for the betterment of their company. In terms of their
products, specifically their discount cards, they are not durable to last for six months, the
validity of each card.
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OPPORTUNITIES
Since Granton Marketing have already established good reputation, they could have
more business partners to deal with them. In addition, as they innovate products they could
develop new products to offer to their clients. Local competitors cannot easily imitate the
products as well since they use unique selling proposition. The Granton advertisers have
road trips which serve as their opportunity to offer their products nationwide. Lastly, loyal
end-users always respond to their new ideas which mean increase in sales revenue.
THREATS
Key employee retention is critical to the long term health and success of your
business. Granton Marketing finds it hard to retain employees since they do not have
program suitable to keep them. Since most of their advertisers do not have enough
knowledge in selling products which often gives misinformation, this can possibly leads to
negative publicity. Another is when the advertisers violate the law, they could be imprisoned
which affects the reputation of the company. Today, nothing is constant except changes.
People are changing their habits and lifestyle, but in Granton Marketings side, it is not
positive since there is the possibility that they could not capture their new preferences.
Lastly, growing of online business that offers discount packages may be one of their
competitors, maybe not direct but it can also affect the profitability of the company.
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Chapter IV
GOALS AND OBJECTIVES
In formulating the marketing strategies for Granton World, the
proponents were guided by the following objectives as cited by the Granton
World executives:
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Chapter V
MARKETING MIX STRATEGIES AND PROGRAMS
Current Marketing Programs of Granton World
Strategies
1. Company Website
Description
2. Social Media
3. Facebook Sign Up
Granton
World
online
users can choose products
and service from the
website
Granton world website
informs customers about
new deals and new
products
Through Granton World
website, customers can
order and choose payment
method
Granton
World
Social
Media
strengthen
the
connection between the
customers
and
the
company
Granton
World
Social
Media informs customers
about the products and
new deals being offered
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4. Granton Rewards
In every purchase of
products of online buyers
they can earn points and
redeem exciting prices
5. Granton Raffle
6. 10 + 1 Promo
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Every
purchase
of
discount card entitle them
to join the raffle by having
the promo codes in their
purchase
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The Appreciation
Employee Blast is used to
inform
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13. HR Referral
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2.
3.
Strategy: Selling promo cards not only in employees event but also in huge
event such as seminar, conferences and workshops.
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Product features
Granton World cards let the user enjoy up to 90% discount in recreational
activities by providing them freebies and discounts valid for six months that is fully
transferrable.
Strategy: Every deal must be clearly stated in the card because it always bring
confusion. Instead of putting percentages, they should put the exact amount saved
for each services.
b. Pricing program
Product costing
Psychological Pricing: 499 399
Granton World offers discount card packages with a competing price of
P399-499. The company uses Psychological pricing to encourage higher
sales. By pricing products strategically, the company may increase sales
without significantly reducing prices. In some cases, a higher price is actually
more likely to increase sales.
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distributor.
Delivery
Interested buyers who want to have additional orders can reach the
customer care hotline where they can also place their order, replacement and
additional orders.
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Proposed Medium
Objective
Endorsement advertising
Measure to achieve
objective
Time table
Cos
P55,000
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a.
Objectives
b. Target audience
Merchants
Online Users
Other customers
c. Creative approach
Endorsement advertising
Since Granton cards potential users need assurance before using the
product, a satisfied consumer can endorse the product as to give credibility to
the product.
Media planning
Media Mix
The media that can be used for Granton World is placing the clip/video ads in
company LCD TVs that are commonly placed in their lobby, pantry and lounges.
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Frequency
As for Ads for Company Event, Granton World can give the DVD copy of the
commercial to the HR once the event was confirmed.
The proposed Advertisement is a 30 seconds commercial. The frequency of showing
the commercial is depending on the approval of the HR manager. The standard
viewing time will be during employees lunch break and breaks.
Schedules
To be able to reach their target market effectively, Granton World can place
the advertisement once the event is confirmed and it will end after the event.
TARF Computation
Estimated computation for advertising program:
Endorsement of product:
Advertising Agency P55,000
Cost in placing the ads in event P0
Total cost
P55,000
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Proposed Medium
Modification of website
Objective
Measure
objective
to
achieve
Time table
Cost
Modification of Website
Web designer P15,000
Maintenance of the site/year 1,000 x 12 months = 12,000
Total cost
P27,000
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Objectives
iii.
Types/ frequency
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Description:
This would include the following games:
Company Henyo!
The one who could answer the EC questions (about the
company where the events is being held) if the employee get the
correct answer, he/she would win a souvenir prize.
Sample questions:
o Full name of their C.E.O
o Mission-Vision
o Core Values
The questions being asked would be just basic information so
that it can be easily derived from the HR Manager or even through
internet.
iv.
Coverage
Greater Makati Area
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v.
Promo schedule
April 2014 September 2014
The promo runs during the events period so that the employees
would be continuously attracted to come into the events area.
vi.
Promo costing
Prizes: (30 prizes per event)
Souvenir Items with Granton World Logo
Ballpen 15 pcs. X P5.00
= P75.00
= P40.00
= P50.00
= P50.00
A. Objectives
B. Strategies
Word-of-mouth referrals
Granton world can improve word of mouth by awarding referrals
special discounts and gifts.
Advertorial
Granton world can eliminate negative impression towards the brand by
writing positive segments about the company and about the service.
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Survey
Researchers Fee
Social Media
Facebook
Libre Computation
Php 12,500 per week (posted in one week)
X
10 weeks
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Proposed Medium
Objective
Measure to achieve
objective
Survey
Time table
Cost
P6500
Proposed Medium
Social Media
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Objective
Measure to achieve
objective
Time table
Cost
P5475
Proposed Medium
Advertorial
Objective
Measure to achieve
objective
Libre Newspaper
Time table
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Cost
P125000
Trip to Boracay
December 2014
The employee who will have the highest sales for the year
would have the chance to have a Trip to Boracay reward. This may be
a tool to motivate most of the employees to put more focus and effort
in their jobs. At the same time, the company may generate more
profits.
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