Allstars Presentation
Transcript of Allstars Presentation
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Marketing Transition Plan
June 1, 2006
Presented by the Allstar Brands Marketing Team:
Allison DiNoiaSteven Duong
Maureen Givnish
Christine Wagner
Mike Welch
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Allstar Brands
“The mission of Al lstar Brands is to provide our
customers with a safe and effective product at afair price, while respecting our stockholders
interest. We do this by providing our employeeswith creative opportunity to use their talents forresearch and product development but neverlosing sight of our goal to improve the quality of
life for our customers.”
Mission Statement
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Product Line and Target Market
Allround• Over-the-counter (OTC) liquid cold
remedy
• 4-hour dosage
• Aimed towards individuals overthe age of 12
• Ideal for individuals suffering fromcommon cold symptoms who do
not require prescriptionmedication
• Allstar Brand’s initial product
Allstar Brands
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Product Line and Target Market
Allround +• OTC liquid cold remedy
• 4-hour dosage
• Aimed towards children under the
age of 12• Marketed towards parents and
families of young children
• Ideal for loyal consumers of
Al l round who have children• Has been on the market for 6
years
Allstar Brands
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Product Line and Target Market
Allright• OTC multi-capsule
• 12-hour dosage
• Ideal for individuals who trust
Allround but do not wish to takemedication every four hours
• Marketed to those who prefercapsules over liquid intake
• Has been on the market for 4years
Allstar Brands
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SWOT Analysis
Strengths
◙ Currently the market shareleader in OTC cold remedy
market◙ Diverse product line
◙ Steadily increasing stock priceover the past ten years
Allstar Brands
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SWOT Analysis
Weaknesses
Oversaturated market
During first 5 years, prices were
not increased according toinflation and demand
Surveys were not purchasedduring first 6 years
Allstar Brands
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SWOT Analysis
Opportunities
Ability to expand and diversify ourproduct line due to strong client
base Talented product development
personnel
Capability to increase production
without increased manufacturingcosts
Allstar Brands
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SWOT Analysis
Threats
Direct competition within targetmarkets
Generic brand medications withcompetitive pricing and consumerconfidence
Suffering economy which may
cause a downturn in the stockmarket affecting Allstar Brandsstock price
Allstar Brands
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Marketing Objectives/Activities
1. Reassess advertising budget everyyear and adjust appropriately
• Adjust according to product life and
performance, economy, and currentbudget
• Increase advertising costs between15% - 20% for all new products within
the first 3 years
Allstar Brands
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Marketing Objectives/Activities
2. Assess product line every three years andreformulate based on consumer needs
• Purchase surveys
• Increase advertising costs to keepcustomers updated on reformulations
Allstar Brands
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Marketing Objectives/Activities
3. Increase brand awareness for Allright from 52.5% to 70%in three years
Allstar Brands
Allright Brand Awareness
1015
20
25
30
35
40
45
50
55
0 1 2 3 4 5 6 7 8 9 10
Period
P e r c e n t ( % )
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Marketing Objectives/Activities
4. Increase prices based on nationalinflation and market inflation rates
• Adjust prices according to
customer demand• Keep products competitive by
altering prices to attract newcustomers and keep loyal ones
Allstar Brands
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Marketing Objectives/Activities
5. Maintain a stock price above $80 per share
Allstar Brands
Stock Prices
30
40
50
60
70
80
90
0 1 2 3 4 5 6 7 8 9 10
Period
S
t o c k P r i c e ( i n $ )
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Marketing Objectives/Activities
6. Increase overall market share to 27% in the nextfour years
Allstar Brands
Total Market Share
20%
21%
22%
23%
24%
25%
26%
27%
28%
29%
30%
0 1 2 3 4 5 6 7 8 9 10
Period
M a r k e t S h a r e %
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Lessons Learned
Price - Adjust pricing forintroductory products
Promot ion – Develop marketingstrategy for allocating resources
Place – Preserve loyalty of themost profitable distributionchannel
Product – Reformulate according
to customer demands whilemaintaining brand reliability
Allstar Brands
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Any questions or comments?