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BBM503 SM May 2023 Assignment 1
BBM503 SM May 2023 Assignment 1
Strategic Marketing
Assignment 1
(70%)
Submission Date:
1 July 2023
Due to the limitation of Turnitin, students may request their course lead or tutor to assist to to
passage their Assignments to the Turnitin system before submission, to encourage honest academic
writing and it is not mandatory except for Project course.
The brand Tupperware has become so synonymous with food storage that many
people use its name when referring to any old plastic container.
But the 77-year-old US company is seeing cracks form in the once revolutionary air-
tight sealing business that made it famous, with rising debts and falling sales
prompting a warning it could go bust without investment.
Despite attempts to freshen up its products in recent years and reposition itself to a
younger audience, it has failed to stop a slide in its sales.
The firm's 'Tupperware parties' made it an icon during the 1950s and 1960s consumer
revolution, and its air-tight and water-tight containers took the market by storm.
But its core business model of using self-employed salespeople who sell primarily from
their own homes has been going out of fashion for a while, and was retired altogether
in the UK in 2003.
Now company bosses have admitted that, without new funding, a brand name which
has passed into common parlance could vanish from the market.
"We use it (Tupperware) as a noun, which is quite unusual for a brand," said Catherine
Shuttleworth, founder of retail analysis firm Savvy Marketing.
While Tupperware was a "miracle product" when first sold decades ago, Ms
Shuttleworth added, the market has been flooded by companies offering cheaper
alternatives in recent years.
A resurgence during the Covid-19 pandemic, buoyed by people taking up baking and
cooking more at home, reversed sharp falls in Tupperware's share price.
Sales have slid again since then, largely because the firm has not been "innovative
enough" over the past 10 to 20 years to keep up with its rivals, according to Ms
Shuttleworth.
Tupper's product was a big deal - it utilised new plastics to keep food fresh for longer
- invaluable when refrigerators were still too expensive for many - but until Wise came
along, it was not selling.
She had already started organising events to sell the containers, meeting directly with
the housewives and mothers the company wanted to reach, at gatherings which were
as much about socialising as they were about business.
Her innovative style - and her sales figures - caught the eye of Tupper, and she was
promoted to executive level at a time when women were largely excluded from the
boardroom.
Wise's and Tupperware's impact is still debated by academics, but many say it played
an important role in bringing women into the workforce in post-war America, and
provided a source of income to other women around the world.
One of them is Alison Clarke, professor of design history and theory at the University
of Applied Arts, Vienna, and author of Tupperware: The Promise of Plastic in 1950s
America.
"I think its legacy is the way in which it has provided a source of employment to women
who don't always have access to flexible labour," she told the BBC.
"At the time it was first being sold at parties in the US, lots of women were isolated in
new post-war suburban towns away from their families.
"The Tupperware parties glamourised dull housework, and you could only buy it if you
knew someone who sold it, so it was exclusive, and social, and about relationships
with other women.
"I started off thinking it was an exploitative capitalist conspiracy against women, and
then I met all of these women who had a fantastic life because of it and saw how it
was empowering for them."
'Failed to change'
While the company has always been woman-led on the ground, that has not
necessarily been the case in the boardroom - and Prof Clarke says it has struggled to
tell its own positive story, or keep up with the times.
"It was a brilliantly designed product that was made magical by the way it was sold,"
she added, "but in this digital world, that face-to-face model is no longer as relevant".
Richard Hyman, another retail analyst, said the basic principles of Tupperware's
products were "not difficult to copy" by other firms. Given that fierce competition, he
said the company had "had a good run".
The company has made some efforts to diversify its strategy, including by selling in
US retail chain Target and others around the world, and expanding its range to include
other cooking products.
Had Tupperware made bigger changes 10 years ago, Mr Saunders added, the firm
might be in a different position now.
But now there is no time for Tupperware bosses to wonder what might have been. The
company could go bust without a rapid cash injection - and with such a well-known
brand name, the prospect of a retail giant like Walmart or even Amazon swooping in
cannot be ruled out, Mr Saunders says.
Source: https://www.bbc.com/news/business-65243711
• Executive Summary
• Situation Analysis (current marketing situation, market trends, market growth,
SWOT analysis)
• Development of the product
• Marketing Strategy (mission, marketing objectives, segmentation, target
markets), positioning, marketing mix/4Ps, marketing research)
• Financials (budgets, sales forecast, expenses forecast)
• Controls
• Other supporting information you may want to include
The purpose of this assignment is to provide you with an opportunity to integrate the
theories of marketing management you have learned in the course to the development
of a “real-world” product marketing plan.
GUIDELINES:
Report
• This is an individual assignment and no duplication of work will be tolerated. Any
plagiarism or collusion may result in disciplinary action, hence; remember to cite
your work. The value of your work here lies in your in-depth discussion in the
application of marketing management concepts.
• The total mark for this assignment is 100, and will contribute 70% towards the total
grade of the course.
• The assignment must be typed and professionally presented. It should be in essay
format. Font Size: 12-point, Times New Roman; Spacing: 1.5.
• Your written report should not be more than 5000 words, excluding references and
appendices.
• Students are highly encouraged to passage their Assignment to the Turnitin
system before submission to encourage honest academic writing, and it is not
mandatory except for project course.