SlideShare uma empresa Scribd logo
1 de 75
Introduction
• April 2015
• Original position: 18-24 year olds
• New position: 18-28 year old socialy active
History
• Founded by Milton S. Hershey in 1894 in PA
• Started out a private company and transformed
into a public entity
– 1927: $61.50/350,000 shares Now: $87.14/922,500 Shares
• Current leader of quality chocolate, non-
chocolate products, confectionary products and
chocolate related grocery items in North America
• Top manufacturer in the gum and mint markets
Social Responsibility
“Company’s commitment to their consumers,
community and children, by providing high-
quality HERSHEY’S products while conducting
our business in a socially responsible and
environmentally sustainable manner.”
Distribution Outlets
• Mass Merchandisers: 41%
• Convenience stores: 23%
• Supermarkets: 19%
• Drug Stores: 13%
• Wholesale Clubs: 2%
• Dollar Stores: 2%
• Specialty Channels: <1%
Industrial Analysis and Demand for
Confectionary Products
• Confectionary marketplace
– Currently $33.6 billion
– Anticipated to increase to $39.6 billion in 5
years
– Gum sales expected to continue to decline by
11% over the next 5 years
Industrial Analysis and Demand for
Confectionary Products
• Hershey’s manufactures products from many
different categories
-Chocolate candy -Baking and Pastry
-Sugar Confectionary -Snacks
-Gum and mints
• 1915: original attempt to enter gum and mint
market without much success.
• 2000: attempted to enter market once again
after acquisition of Ice Breakers (Nabisco)
Current Targeted Demographic
• 18-24 year old millennials
• Ethnically diverse singles and young couples
that socialize frequently
• Concern with peer perceptions and opinions
– Social media
Consumers
• Increased enrollment in Colleges and
Universities
– Increased from $16.6 million in 2002 to $20.6
million in 2012 (24%)
– Diversity has increased dramatically as well
– Implication: Americans are becoming more
educated and knowledgeable
Environmental
• Committed to sustainability since it was
founded in 1894
– Ensure a quality life for future generations
• 11 of Hershey’s facilities in North America
have completely eliminated all waste sent to
landfills
• 2014: numerous payments to ensure
cooperation with environmental laws and
regulations
Environmental
• Works with:
– World Cocoa Foundation
– Cocoa Initiative Foundation
– Roundtable on Sustainable oil
• Assist suppliers of Hershey’s ingredients to
increase efficiency of production, to help
decrease supplier’s cost of production as well
as their impact on the environment
Economic
• Supply of Sugar and Cocoa Beans
• Price of the goods Increases
• Price of Production Increases
Technology
• Uses technology throughout entire company
• Partnered with AXS
– Helps create more innovative products
– Improve upon existing products
Health Factors
• Current trend
– Increased awareness of food nutrition
– increased consciousness
• Implications for expendable products
– Need to be functional or unique
– Gum market 2015-2019:
• Sugar-free
• Functional
– Mint market 2015-2019:
• Power mints
Interest Level
• Gum Industry
– Sales currently on the decline
• social acceptability
• Perception of mints as a healthier option
• Mint Industry
– Took advantage of this perception which increased
competitive advantage
• Markets must be innovative with their products
and packaging in order to stay competitive
Secondary Data Results
• Preserve Hershey’s Cool Blast product
• Functional
• Power Product
• Competitor in both gum and mint markets
Strengths Weaknesses
-Trusted Brand
-Quick Breath Freshener
-Social Cultural
-Expand Target Market
-Play in both Gum and mint market
-Social Media
Opportunities Threats
-Unclear Product category
-Expensive Product
-Poor Distribution
-Bulky Packaging
-Established Competitors
-Declining Gum sales
Strengths
• Trusted Brand
– Ice Breaker’s is an established brand in the gum and
mints market.
– Ice Breakers has many years of experience in breath
freshening products.
• Product Features
– Ice Breakers Cool Blast gives the user minty fresh
breath in seconds.
– The instantaneous result is positive feature especially
for the target market
Weaknesses
• Unclear Product Category
– The identity of the product is unknown.
• Expensive Product
– The tends to be on the higher end for prices
when compared to its competitors.
Weaknesses
• Poor Distribution
– Ice Breakers needs to have product available
across many different retail channels
• Bulky Packaging
– Packaging redesign could take place to slim down
the pack.
Opportunities
• Social Culture
– People are more and more social and are often
constantly interacting people
• Expanding Target Market
– Including individuals who are twenty-eight years
of age or younger offers the chance to reach
young professionals.
Opportunities
• Playing in both the gum and mint markets
– The product could be for anyone wanting fresh
breath, attracting both gum and mint consumers
• Social Media
– Ice Breakers has room to expand their presence
on social media in order to reach the target
market.
Threats
• Established Competitors
– companies such as Wrigley Gum, which has many well
established products on the market.
– Ice Breaker’s Cool Blast need to differentiate itself from others
in the market in order stand out among the competition.
• Declining Gum Sales
– Ice Breakers Cool Blasts if the product in identified as a gum.
The brand may come into trouble driving consumers to
purchase if overall demand for gum products continues to
decline.
SWOT
The result for the SWOT analysis provide a
direction for choosing Hershey’s target market,
objectives and positioning for Ice Breakers Cool
Blast.
Marketing Research: Objectives
• Primary Research for this case was conducted to better
gauge and define target markets, consumer
preferences and attitudes, set objectives, determine
positioning, and to gain further insight in order to
make Ice Breakers Cool Blasts more competitive within
the confectionary product market
• Target Market: 18-28 year olds
• Methods: In Person Taste-Tests, Follow-up Interviews,
and an Online Survey
Basic Findings
• Concerns for the state of one’s breath is a
primary concern before and during social and
intimate interactions within peer groups.
• A large portion of consumers in the defined
target market lead an active lifestyle, and are
often on-the-go.
• Consumer perception on taste and product
effectiveness as it pertains to a breath freshener
is extremely significant in guiding purchasing
habits.
Taste-Tests and In-Person Interviews:
Findings
• When given a choice of flavor to choose from to
sample, either Peppermint or Spearmint, almost
twice as many participants selected Spearmint.
• The majority of participants indicated that they
would use Cool Blasts either before or during a
social interaction with others as a way to ensure
fresh smelling breath.
• After sampling Cool Blasts, 59.375% of
participants would identify this product as a mint,
6.25% as gum, and 34.375% could not decide on
a label, placing it into an “other” category.
Online Survey
• Approximately 56.5% of those surveyed in the targeted
market use a breath freshener at least once a week.
• 31% of respondents surveyed indicated having used an
Ice Breakers product within the last month to freshen
their breath.
• When asked to rate their preference towards gum or
mint consumption, respondents tended to choose
gum, with over 40.3% strongly preferring gum, and a
cumulative percentage of 64.5% gravitating towards
gum over mints for breath freshening utility.
Survey Continued
• 62.9% of respondents indicated a strong proclivity
towards being conscious about how their breath
smelled, and of that percentage, 40.3% use a breath
freshening product at least once a week.
• In regards to socialization and quality of breath, a
significant portion of respondents indicated that
concerns about breadth quality became more
prevalent before or during social interaction
Breadth Quality Concerns as it pertains
to Interpersonal Relationships
• 69.4% ranked “Before going on a date” as
being one of their top three concerns for
breath quality
• 59.7% ranked both, “During a Date” and
“Before or Immediately preceding physical
intimacy” as one of their top three priorities
where breath is a concern.
Target Market
• 18-28 year olds
• Highly social segment
• Social events
• Social media
Positioning Statement
”To 18-28 year old socially oriented people, Cool
Blast Chews is the brand of power-mint that is
longer lasting confidence booster due to its
chewable texture catalyze a long-lasting intense
flavor”
Dare2BeCool Campaign
• The goal of this
campaign is to:
1. push the product’s
positioning
2. Increase awareness
surrounding product.
3. To entice target market
to try product.
4. Increase product sales.
Awareness Trialability Purchase
Phase 1: Awareness
• Objective: Ice Breakers will leverage digital platforms
to viralize the message and attention to the brand
• How: Increase online presence
• Description: Awareness will be increase through the
use of these media outlets.
– Social Media
– Video Advertising
– Music Streaming
– Online Music Streaming
– Online Dating
– Partnerships
Social Media
• Objective: To heighten Ice Breaker’s Social
Media presence to reach target demographic.
• Metrics: Likes, Shares, Retweets,
• Description:
– Each post will be designed to a particular social
media platform.
– Post will show the emotional and practical uses of
the product.
Sample Social Media Ads
Sample Twitter Ads
Sample Instagram Ads
Snapchat Discover
Video Advertisements
• Objectives: Generate awareness around Ice
Breakers Cool Blast and help establish the
brand for individuals with social lifestyles.
• Metric: Ad Recall
• Description:
– Hulu Ad Picker
– Hulu show sponsor
– Youtube Ad
Sample Video Ads
Sample Video Ads
Sample Video Ads
Music Streaming Services
• Objectives: Strengthen the consumer-brand
relationship
• Metrics: Click Through Rates, Ad Recall
• Description:
– Ads on this platform will consist of:
• Banner ads
• Sponsored playlist
Sample Sponsored Playlist
Online Dating
• Objectives: Generate awareness with
individuals in target market seeking romantic
relationships while also solidifying the
positioning as a confidence catalyzer.
• Metrics: Ad Recall, Click Through Rates
• Description:
– Banner ads
– Tinder Ads
Sample Banner Ad
Online Dating Platforms Ads
Partnerships
• Times Square New Year’s Eve Event
– Benefit: Connect brand with individuals who lead
socially-oriented lifestyles.
– Metrics: Number of attendees, number of “at-
home” viewers, and amount of merchandise sold
Chegg
• Objective: Drive in-store sales with Ice Breaker’s latest
product
• Metrics: Number of samples distributed
• Will help reach over 15 million students
• Will join other brands who participate; Red bull, Tide,
& Dr. Pepper
• By sampling through Chegg, Ice Breakers will reach
target market in dorms and housing, creating hands on
experience with the product
• A pack of each flavor & 10% off coupon for next
purchase on the product
Sample Chegg Box
College Ambassadors
• Objective: Increase awareness on college campuses & drive in-
store sales through product samples, brand sponsored events and
social media.
• Metrics: Samples Distributed, Event Attendance, Likes, Retweets,
Shares
• “Cool guys” or “Cool Blaster”- 629 colleges- 3 ambassadors per
college
• Reach of 6 million students in target market
• each brand ambassador receives a $400 cash compensation
package per semester in addition to internship & marketing
experience & swag
• Distribute products & post pictures on social media
• Purpose: peer to peer marketing creates higher results in likelihood
to buy & loyalty
Sample Cool Blaster
In-Store Product Placement
• Objectives: To heighten visibility in stores & to
capture sales at point of purchase
• Metric: Discuss product placement with desired
retail channels
• Distribution increased in grocery stores, discount
retail stores, drug stores, and convenient stores
• Familiar with target demographic
• Placed in check-out aisles to leverage impulse
purchasing
Coupons and Discounts
• Objectives: Drive in-store sales through
promotional pricing.
• Metrics:Coupon Redemption
• Promotional pricing will incentivize consumers to
try the product
• Distributed through social media
– Scan with their phone via social media
• Placed on packages for repurchase of product or
a multiple quantity buy
Sample Digital Coupon
Sampling
• Objectives: Drive in-stores sales by introducing
customers to Ice Breakers Newest product.
• Metrics: Number of samples distributed
• Samples can be paired with other products
– Paired with Hershey’s chocolate
• Established product’s brand recognition is
leveraged with limited risk of buying Cool Blasts
Timeline
Financial Analysis
• The execution of the IMC campaign is designed
around a 12-month timeline, with a total financial
budget of US$10,000,000 Of this allocated
amount, $550,000 will be used towards social
media campaigns, $1,000,000 will be budgeted
for digital media, $3,000,000 will be spent on
events, $4,950,000 will be spent on promotional
and awareness campaigns, and a residual
$500,000 will be set aside to be used as a
contingency fund (Exhibit 4.1).
Forecast
• Based on data provided by Nielsen in the case
brief, ceteris paribus, Hershey’s is projected to
sell approximately $35,600,000 of Cool Blasts
Chews in its first year on the market.
Additionally, as trends predict that the
confectionary segment is projected to grow
18% over the next 6 years, Hershey’s can
conservatively predict a reasonable increase in
revenue for its Cool Blasts Chews product,
ceteris paribus, by a margin of 3% per year.
Sales Forecast
• When utilizing the data we have researched,
as well as current sales and overall market
forecasts, we predict that by implementing
the IMC as aforementioned, reaching over 10
million pre-existing and potential new
consumers in the targeted market, sales of
Cool Blasts Chews will reach approximately
$42,000,000 in the first year of marketing
implementation, representing a sales lift of
about 18%.
Conclusion
1. Awareness
2. Trial
3. Purchase
Conclusion cont.
• Dare2BeCool
2015 AMA Collegiate Case Competition

Mais conteúdo relacionado

Mais procurados

Drunk Elephant Integrated Marketing Plan
Drunk Elephant Integrated Marketing PlanDrunk Elephant Integrated Marketing Plan
Drunk Elephant Integrated Marketing PlanNichole Weaver
 
report on brand failure
report on brand failure report on brand failure
report on brand failure Pavan Kumar
 
Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign kwhite810
 
Get Branding Smart - The Continued Allure of Premium
Get Branding Smart - The Continued Allure of PremiumGet Branding Smart - The Continued Allure of Premium
Get Branding Smart - The Continued Allure of Premiumemmersons1
 
Wholefoods Social Media Marketing
Wholefoods Social Media Marketing  Wholefoods Social Media Marketing
Wholefoods Social Media Marketing Jennifer Kesik
 
The North Face - Advertising Strategy Plan
The North Face - Advertising Strategy PlanThe North Face - Advertising Strategy Plan
The North Face - Advertising Strategy PlanAshley Patterson
 
The UpDeck: The Diversity Edit
The UpDeck: The Diversity EditThe UpDeck: The Diversity Edit
The UpDeck: The Diversity EditRE UP Agency
 
North Face Brand Marketing Pitch
North Face Brand Marketing PitchNorth Face Brand Marketing Pitch
North Face Brand Marketing Pitchkwhite810
 
How Global Brands Compete by AMITESH SINGH YADAV
How Global Brands Compete by AMITESH SINGH YADAVHow Global Brands Compete by AMITESH SINGH YADAV
How Global Brands Compete by AMITESH SINGH YADAVAmitesh Singh Yadav
 
Steal this Idea: Brand Extension
Steal this Idea: Brand ExtensionSteal this Idea: Brand Extension
Steal this Idea: Brand ExtensionLiquid Agency
 
IMC 612 Final Paper
IMC 612 Final Paper IMC 612 Final Paper
IMC 612 Final Paper Jamie Huggins
 
Cause Marketing Next Generation
Cause Marketing Next GenerationCause Marketing Next Generation
Cause Marketing Next GenerationJim Turner
 
Glossier Marketing Plan
Glossier Marketing PlanGlossier Marketing Plan
Glossier Marketing PlanAnika Bobb
 
KitKat : Brand strategy concepts & theories
KitKat : Brand strategy concepts & theories KitKat : Brand strategy concepts & theories
KitKat : Brand strategy concepts & theories Ian Adams
 

Mais procurados (19)

Drunk Elephant Integrated Marketing Plan
Drunk Elephant Integrated Marketing PlanDrunk Elephant Integrated Marketing Plan
Drunk Elephant Integrated Marketing Plan
 
report on brand failure
report on brand failure report on brand failure
report on brand failure
 
Business Marketing Analysis
Business Marketing AnalysisBusiness Marketing Analysis
Business Marketing Analysis
 
Fft 7 food purchase path
Fft 7 food purchase pathFft 7 food purchase path
Fft 7 food purchase path
 
Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign
 
Global Brands
Global BrandsGlobal Brands
Global Brands
 
Get Branding Smart - The Continued Allure of Premium
Get Branding Smart - The Continued Allure of PremiumGet Branding Smart - The Continued Allure of Premium
Get Branding Smart - The Continued Allure of Premium
 
Wholefoods Social Media Marketing
Wholefoods Social Media Marketing  Wholefoods Social Media Marketing
Wholefoods Social Media Marketing
 
The North Face - Advertising Strategy Plan
The North Face - Advertising Strategy PlanThe North Face - Advertising Strategy Plan
The North Face - Advertising Strategy Plan
 
The UpDeck: The Diversity Edit
The UpDeck: The Diversity EditThe UpDeck: The Diversity Edit
The UpDeck: The Diversity Edit
 
North Face Brand Marketing Pitch
North Face Brand Marketing PitchNorth Face Brand Marketing Pitch
North Face Brand Marketing Pitch
 
How Global Brands Compete by AMITESH SINGH YADAV
How Global Brands Compete by AMITESH SINGH YADAVHow Global Brands Compete by AMITESH SINGH YADAV
How Global Brands Compete by AMITESH SINGH YADAV
 
Altoids Book
Altoids Book Altoids Book
Altoids Book
 
International Branding
International BrandingInternational Branding
International Branding
 
Steal this Idea: Brand Extension
Steal this Idea: Brand ExtensionSteal this Idea: Brand Extension
Steal this Idea: Brand Extension
 
IMC 612 Final Paper
IMC 612 Final Paper IMC 612 Final Paper
IMC 612 Final Paper
 
Cause Marketing Next Generation
Cause Marketing Next GenerationCause Marketing Next Generation
Cause Marketing Next Generation
 
Glossier Marketing Plan
Glossier Marketing PlanGlossier Marketing Plan
Glossier Marketing Plan
 
KitKat : Brand strategy concepts & theories
KitKat : Brand strategy concepts & theories KitKat : Brand strategy concepts & theories
KitKat : Brand strategy concepts & theories
 

Semelhante a 2015 AMA Collegiate Case Competition

Pillsbury cookie challenge
Pillsbury cookie challengePillsbury cookie challenge
Pillsbury cookie challengePrasanth Ramdas
 
Mktg2202 imc presentation teddy grahams
Mktg2202 imc presentation teddy grahamsMktg2202 imc presentation teddy grahams
Mktg2202 imc presentation teddy grahamsKen Cee
 
Brand Analysis of Cadbury Dairy Milk
Brand Analysis of Cadbury Dairy MilkBrand Analysis of Cadbury Dairy Milk
Brand Analysis of Cadbury Dairy MilkRahul Chanda
 
Sugar confectionery china - december 2014
Sugar confectionery   china - december 2014Sugar confectionery   china - december 2014
Sugar confectionery china - december 2014yuwanzi
 
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei CampaignUWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei CampaignTiffani Johnson
 
SOU by Natura - MARKET RESEARCH
SOU by Natura - MARKET RESEARCHSOU by Natura - MARKET RESEARCH
SOU by Natura - MARKET RESEARCHIlana Dourado
 
Consumer Insights
Consumer InsightsConsumer Insights
Consumer InsightsMaxwellPR
 
Product Extension of Lindt & Sprungli
Product Extension of Lindt & SprungliProduct Extension of Lindt & Sprungli
Product Extension of Lindt & SprungliJason Bholanauth
 
MGM410 Nature Valley Presentation
MGM410 Nature Valley PresentationMGM410 Nature Valley Presentation
MGM410 Nature Valley PresentationLawrenceLee485976
 
Ss consumer behavior
Ss consumer behaviorSs consumer behavior
Ss consumer behaviorCMPCERT
 
NSAC 2018 Team 352 Final Plans Book: Ocean Spray
NSAC 2018 Team 352 Final Plans Book: Ocean SprayNSAC 2018 Team 352 Final Plans Book: Ocean Spray
NSAC 2018 Team 352 Final Plans Book: Ocean SprayLauren A Nash
 
Integrated marketing commuinication plan an IMC plan
Integrated marketing commuinication plan an IMC plan Integrated marketing commuinication plan an IMC plan
Integrated marketing commuinication plan an IMC plan Ahmed Hazzaa
 
Pilsbury customer challenge
Pilsbury customer challengePilsbury customer challenge
Pilsbury customer challengeManpreet Khurana
 
Fritospowerpoint 111129231129-phpapp02
Fritospowerpoint 111129231129-phpapp02Fritospowerpoint 111129231129-phpapp02
Fritospowerpoint 111129231129-phpapp02Rahul Pratap Singh
 

Semelhante a 2015 AMA Collegiate Case Competition (20)

Activate presentation
Activate presentationActivate presentation
Activate presentation
 
Bai5ppt3
Bai5ppt3Bai5ppt3
Bai5ppt3
 
Pillsbury cookie challenge
Pillsbury cookie challengePillsbury cookie challenge
Pillsbury cookie challenge
 
Mktg2202 imc presentation teddy grahams
Mktg2202 imc presentation teddy grahamsMktg2202 imc presentation teddy grahams
Mktg2202 imc presentation teddy grahams
 
Brand Analysis of Cadbury Dairy Milk
Brand Analysis of Cadbury Dairy MilkBrand Analysis of Cadbury Dairy Milk
Brand Analysis of Cadbury Dairy Milk
 
Snapple
SnappleSnapple
Snapple
 
Sugar confectionery china - december 2014
Sugar confectionery   china - december 2014Sugar confectionery   china - december 2014
Sugar confectionery china - december 2014
 
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei CampaignUWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
 
SOU by Natura - MARKET RESEARCH
SOU by Natura - MARKET RESEARCHSOU by Natura - MARKET RESEARCH
SOU by Natura - MARKET RESEARCH
 
Consumer Insights
Consumer InsightsConsumer Insights
Consumer Insights
 
Product Extension of Lindt & Sprungli
Product Extension of Lindt & SprungliProduct Extension of Lindt & Sprungli
Product Extension of Lindt & Sprungli
 
MGM410 Nature Valley Presentation
MGM410 Nature Valley PresentationMGM410 Nature Valley Presentation
MGM410 Nature Valley Presentation
 
Ss consumer behavior
Ss consumer behaviorSs consumer behavior
Ss consumer behavior
 
NSAC 2018 Team 352 Final Plans Book: Ocean Spray
NSAC 2018 Team 352 Final Plans Book: Ocean SprayNSAC 2018 Team 352 Final Plans Book: Ocean Spray
NSAC 2018 Team 352 Final Plans Book: Ocean Spray
 
Integrated marketing commuinication plan an IMC plan
Integrated marketing commuinication plan an IMC plan Integrated marketing commuinication plan an IMC plan
Integrated marketing commuinication plan an IMC plan
 
Indian Consumers
Indian ConsumersIndian Consumers
Indian Consumers
 
Loreal : body shop
Loreal  : body shopLoreal  : body shop
Loreal : body shop
 
Pilsbury customer challenge
Pilsbury customer challengePilsbury customer challenge
Pilsbury customer challenge
 
Ideal Key Issues presentation
Ideal Key Issues presentationIdeal Key Issues presentation
Ideal Key Issues presentation
 
Fritospowerpoint 111129231129-phpapp02
Fritospowerpoint 111129231129-phpapp02Fritospowerpoint 111129231129-phpapp02
Fritospowerpoint 111129231129-phpapp02
 

Último

The Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdfThe Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdfVWO
 
Elevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdfElevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdfevithatojoparel
 
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfTAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfSocial Samosa
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristicswasim792942
 
Unveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptx
Unveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptxUnveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptx
Unveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptxelizabethella096
 
Busty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort ServiceBusty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
Analysis of Sineing Website and how to fix
Analysis of Sineing Website and how to fixAnalysis of Sineing Website and how to fix
Analysis of Sineing Website and how to fixDHARMENDER PRATAP
 
Enhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San FranciscoEnhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San Franciscosanfranciscoprfirms
 
W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...William (Bill) H. Bender, FCSI
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxZACGaming
 
Major SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalMajor SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalBanyanbrain
 
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdfMicro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdfPiyush Kumar
 
[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies Uncovered[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies UncoveredSearch Engine Journal
 
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingElevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingVikasYadav194549
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfSocial Samosa
 
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort ServiceBusty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesMedia Logic
 
Rise and fall of Kulula.com, an airline won consumers by different marketing ...
Rise and fall of Kulula.com, an airline won consumers by different marketing ...Rise and fall of Kulula.com, an airline won consumers by different marketing ...
Rise and fall of Kulula.com, an airline won consumers by different marketing ...ssusereaa7d9
 
Press Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPress Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPR Wires
 

Último (20)

The Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdfThe Science of Landing Page Messaging.pdf
The Science of Landing Page Messaging.pdf
 
Elevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdfElevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdf
 
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfTAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
 
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
4 TRIK CARA MENGGUGURKAN JANIN ATAU ABORSI KANDUNGAN
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristics
 
Unveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptx
Unveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptxUnveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptx
Unveiling the Legacy of the Rosetta stone A Key to Ancient Knowledge.pptx
 
Busty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort ServiceBusty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 49 Noida Escorts >༒8448380779 Escort Service
 
Analysis of Sineing Website and how to fix
Analysis of Sineing Website and how to fixAnalysis of Sineing Website and how to fix
Analysis of Sineing Website and how to fix
 
Enhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San FranciscoEnhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San Francisco
 
W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
 
Major SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalMajor SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain Digital
 
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdfMicro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
Micro-Choices, Max Impact Personalizing Your Journey, One Moment at a Time.pdf
 
[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies Uncovered[Expert Panel] New Google Shopping Ads Strategies Uncovered
[Expert Panel] New Google Shopping Ads Strategies Uncovered
 
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingElevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdf
 
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort ServiceBusty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
Busty Desi⚡Call Girls in Sector 135 Noida Escorts >༒8448380779 Escort Service
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
 
Rise and fall of Kulula.com, an airline won consumers by different marketing ...
Rise and fall of Kulula.com, an airline won consumers by different marketing ...Rise and fall of Kulula.com, an airline won consumers by different marketing ...
Rise and fall of Kulula.com, an airline won consumers by different marketing ...
 
Press Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPress Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdf
 

2015 AMA Collegiate Case Competition

  • 1.
  • 2. Introduction • April 2015 • Original position: 18-24 year olds • New position: 18-28 year old socialy active
  • 3.
  • 4. History • Founded by Milton S. Hershey in 1894 in PA • Started out a private company and transformed into a public entity – 1927: $61.50/350,000 shares Now: $87.14/922,500 Shares • Current leader of quality chocolate, non- chocolate products, confectionary products and chocolate related grocery items in North America • Top manufacturer in the gum and mint markets
  • 5. Social Responsibility “Company’s commitment to their consumers, community and children, by providing high- quality HERSHEY’S products while conducting our business in a socially responsible and environmentally sustainable manner.”
  • 6. Distribution Outlets • Mass Merchandisers: 41% • Convenience stores: 23% • Supermarkets: 19% • Drug Stores: 13% • Wholesale Clubs: 2% • Dollar Stores: 2% • Specialty Channels: <1%
  • 7. Industrial Analysis and Demand for Confectionary Products • Confectionary marketplace – Currently $33.6 billion – Anticipated to increase to $39.6 billion in 5 years – Gum sales expected to continue to decline by 11% over the next 5 years
  • 8. Industrial Analysis and Demand for Confectionary Products • Hershey’s manufactures products from many different categories -Chocolate candy -Baking and Pastry -Sugar Confectionary -Snacks -Gum and mints • 1915: original attempt to enter gum and mint market without much success. • 2000: attempted to enter market once again after acquisition of Ice Breakers (Nabisco)
  • 9. Current Targeted Demographic • 18-24 year old millennials • Ethnically diverse singles and young couples that socialize frequently • Concern with peer perceptions and opinions – Social media
  • 10. Consumers • Increased enrollment in Colleges and Universities – Increased from $16.6 million in 2002 to $20.6 million in 2012 (24%) – Diversity has increased dramatically as well – Implication: Americans are becoming more educated and knowledgeable
  • 11.
  • 12. Environmental • Committed to sustainability since it was founded in 1894 – Ensure a quality life for future generations • 11 of Hershey’s facilities in North America have completely eliminated all waste sent to landfills • 2014: numerous payments to ensure cooperation with environmental laws and regulations
  • 13. Environmental • Works with: – World Cocoa Foundation – Cocoa Initiative Foundation – Roundtable on Sustainable oil • Assist suppliers of Hershey’s ingredients to increase efficiency of production, to help decrease supplier’s cost of production as well as their impact on the environment
  • 14. Economic • Supply of Sugar and Cocoa Beans • Price of the goods Increases • Price of Production Increases
  • 15. Technology • Uses technology throughout entire company • Partnered with AXS – Helps create more innovative products – Improve upon existing products
  • 16. Health Factors • Current trend – Increased awareness of food nutrition – increased consciousness • Implications for expendable products – Need to be functional or unique – Gum market 2015-2019: • Sugar-free • Functional – Mint market 2015-2019: • Power mints
  • 17. Interest Level • Gum Industry – Sales currently on the decline • social acceptability • Perception of mints as a healthier option • Mint Industry – Took advantage of this perception which increased competitive advantage • Markets must be innovative with their products and packaging in order to stay competitive
  • 18. Secondary Data Results • Preserve Hershey’s Cool Blast product • Functional • Power Product • Competitor in both gum and mint markets
  • 19.
  • 20. Strengths Weaknesses -Trusted Brand -Quick Breath Freshener -Social Cultural -Expand Target Market -Play in both Gum and mint market -Social Media Opportunities Threats -Unclear Product category -Expensive Product -Poor Distribution -Bulky Packaging -Established Competitors -Declining Gum sales
  • 21. Strengths • Trusted Brand – Ice Breaker’s is an established brand in the gum and mints market. – Ice Breakers has many years of experience in breath freshening products. • Product Features – Ice Breakers Cool Blast gives the user minty fresh breath in seconds. – The instantaneous result is positive feature especially for the target market
  • 22. Weaknesses • Unclear Product Category – The identity of the product is unknown. • Expensive Product – The tends to be on the higher end for prices when compared to its competitors.
  • 23. Weaknesses • Poor Distribution – Ice Breakers needs to have product available across many different retail channels • Bulky Packaging – Packaging redesign could take place to slim down the pack.
  • 24. Opportunities • Social Culture – People are more and more social and are often constantly interacting people • Expanding Target Market – Including individuals who are twenty-eight years of age or younger offers the chance to reach young professionals.
  • 25. Opportunities • Playing in both the gum and mint markets – The product could be for anyone wanting fresh breath, attracting both gum and mint consumers • Social Media – Ice Breakers has room to expand their presence on social media in order to reach the target market.
  • 26. Threats • Established Competitors – companies such as Wrigley Gum, which has many well established products on the market. – Ice Breaker’s Cool Blast need to differentiate itself from others in the market in order stand out among the competition. • Declining Gum Sales – Ice Breakers Cool Blasts if the product in identified as a gum. The brand may come into trouble driving consumers to purchase if overall demand for gum products continues to decline.
  • 27. SWOT The result for the SWOT analysis provide a direction for choosing Hershey’s target market, objectives and positioning for Ice Breakers Cool Blast.
  • 28.
  • 29. Marketing Research: Objectives • Primary Research for this case was conducted to better gauge and define target markets, consumer preferences and attitudes, set objectives, determine positioning, and to gain further insight in order to make Ice Breakers Cool Blasts more competitive within the confectionary product market • Target Market: 18-28 year olds • Methods: In Person Taste-Tests, Follow-up Interviews, and an Online Survey
  • 30. Basic Findings • Concerns for the state of one’s breath is a primary concern before and during social and intimate interactions within peer groups. • A large portion of consumers in the defined target market lead an active lifestyle, and are often on-the-go. • Consumer perception on taste and product effectiveness as it pertains to a breath freshener is extremely significant in guiding purchasing habits.
  • 31. Taste-Tests and In-Person Interviews: Findings • When given a choice of flavor to choose from to sample, either Peppermint or Spearmint, almost twice as many participants selected Spearmint. • The majority of participants indicated that they would use Cool Blasts either before or during a social interaction with others as a way to ensure fresh smelling breath. • After sampling Cool Blasts, 59.375% of participants would identify this product as a mint, 6.25% as gum, and 34.375% could not decide on a label, placing it into an “other” category.
  • 32. Online Survey • Approximately 56.5% of those surveyed in the targeted market use a breath freshener at least once a week. • 31% of respondents surveyed indicated having used an Ice Breakers product within the last month to freshen their breath. • When asked to rate their preference towards gum or mint consumption, respondents tended to choose gum, with over 40.3% strongly preferring gum, and a cumulative percentage of 64.5% gravitating towards gum over mints for breath freshening utility.
  • 33. Survey Continued • 62.9% of respondents indicated a strong proclivity towards being conscious about how their breath smelled, and of that percentage, 40.3% use a breath freshening product at least once a week. • In regards to socialization and quality of breath, a significant portion of respondents indicated that concerns about breadth quality became more prevalent before or during social interaction
  • 34. Breadth Quality Concerns as it pertains to Interpersonal Relationships • 69.4% ranked “Before going on a date” as being one of their top three concerns for breath quality • 59.7% ranked both, “During a Date” and “Before or Immediately preceding physical intimacy” as one of their top three priorities where breath is a concern.
  • 35.
  • 36. Target Market • 18-28 year olds • Highly social segment • Social events • Social media
  • 37. Positioning Statement ”To 18-28 year old socially oriented people, Cool Blast Chews is the brand of power-mint that is longer lasting confidence booster due to its chewable texture catalyze a long-lasting intense flavor”
  • 38.
  • 39. Dare2BeCool Campaign • The goal of this campaign is to: 1. push the product’s positioning 2. Increase awareness surrounding product. 3. To entice target market to try product. 4. Increase product sales.
  • 41.
  • 42. Phase 1: Awareness • Objective: Ice Breakers will leverage digital platforms to viralize the message and attention to the brand • How: Increase online presence • Description: Awareness will be increase through the use of these media outlets. – Social Media – Video Advertising – Music Streaming – Online Music Streaming – Online Dating – Partnerships
  • 43. Social Media • Objective: To heighten Ice Breaker’s Social Media presence to reach target demographic. • Metrics: Likes, Shares, Retweets, • Description: – Each post will be designed to a particular social media platform. – Post will show the emotional and practical uses of the product.
  • 48. Video Advertisements • Objectives: Generate awareness around Ice Breakers Cool Blast and help establish the brand for individuals with social lifestyles. • Metric: Ad Recall • Description: – Hulu Ad Picker – Hulu show sponsor – Youtube Ad
  • 52. Music Streaming Services • Objectives: Strengthen the consumer-brand relationship • Metrics: Click Through Rates, Ad Recall • Description: – Ads on this platform will consist of: • Banner ads • Sponsored playlist
  • 54. Online Dating • Objectives: Generate awareness with individuals in target market seeking romantic relationships while also solidifying the positioning as a confidence catalyzer. • Metrics: Ad Recall, Click Through Rates • Description: – Banner ads – Tinder Ads
  • 57. Partnerships • Times Square New Year’s Eve Event – Benefit: Connect brand with individuals who lead socially-oriented lifestyles. – Metrics: Number of attendees, number of “at- home” viewers, and amount of merchandise sold
  • 58.
  • 59. Chegg • Objective: Drive in-store sales with Ice Breaker’s latest product • Metrics: Number of samples distributed • Will help reach over 15 million students • Will join other brands who participate; Red bull, Tide, & Dr. Pepper • By sampling through Chegg, Ice Breakers will reach target market in dorms and housing, creating hands on experience with the product • A pack of each flavor & 10% off coupon for next purchase on the product
  • 61. College Ambassadors • Objective: Increase awareness on college campuses & drive in- store sales through product samples, brand sponsored events and social media. • Metrics: Samples Distributed, Event Attendance, Likes, Retweets, Shares • “Cool guys” or “Cool Blaster”- 629 colleges- 3 ambassadors per college • Reach of 6 million students in target market • each brand ambassador receives a $400 cash compensation package per semester in addition to internship & marketing experience & swag • Distribute products & post pictures on social media • Purpose: peer to peer marketing creates higher results in likelihood to buy & loyalty
  • 63.
  • 64. In-Store Product Placement • Objectives: To heighten visibility in stores & to capture sales at point of purchase • Metric: Discuss product placement with desired retail channels • Distribution increased in grocery stores, discount retail stores, drug stores, and convenient stores • Familiar with target demographic • Placed in check-out aisles to leverage impulse purchasing
  • 65. Coupons and Discounts • Objectives: Drive in-store sales through promotional pricing. • Metrics:Coupon Redemption • Promotional pricing will incentivize consumers to try the product • Distributed through social media – Scan with their phone via social media • Placed on packages for repurchase of product or a multiple quantity buy
  • 67. Sampling • Objectives: Drive in-stores sales by introducing customers to Ice Breakers Newest product. • Metrics: Number of samples distributed • Samples can be paired with other products – Paired with Hershey’s chocolate • Established product’s brand recognition is leveraged with limited risk of buying Cool Blasts
  • 69. Financial Analysis • The execution of the IMC campaign is designed around a 12-month timeline, with a total financial budget of US$10,000,000 Of this allocated amount, $550,000 will be used towards social media campaigns, $1,000,000 will be budgeted for digital media, $3,000,000 will be spent on events, $4,950,000 will be spent on promotional and awareness campaigns, and a residual $500,000 will be set aside to be used as a contingency fund (Exhibit 4.1).
  • 70.
  • 71. Forecast • Based on data provided by Nielsen in the case brief, ceteris paribus, Hershey’s is projected to sell approximately $35,600,000 of Cool Blasts Chews in its first year on the market. Additionally, as trends predict that the confectionary segment is projected to grow 18% over the next 6 years, Hershey’s can conservatively predict a reasonable increase in revenue for its Cool Blasts Chews product, ceteris paribus, by a margin of 3% per year.
  • 72. Sales Forecast • When utilizing the data we have researched, as well as current sales and overall market forecasts, we predict that by implementing the IMC as aforementioned, reaching over 10 million pre-existing and potential new consumers in the targeted market, sales of Cool Blasts Chews will reach approximately $42,000,000 in the first year of marketing implementation, representing a sales lift of about 18%.