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MKTG85 - Situation Analysis Part1
MKTG85 - Situation Analysis Part1
MKTG85 - Situation Analysis Part1
Department of Management
Bachelor of Science in Business Administration Major in Marketing
Management
AY 2023-2024
Output 2
SITUATION ANALYSIS
In paragraph style, 1.5 spacing, 1” margin in all sides, 3-5 pages, provide
graph, table or pie chart for the available data gathered.
Purpose: Basis for your sales projection and the feasibility of selling this
particular product or rendering of service of the product/service you have
chosen and the industry it belongs.
1. Note: You will be graded according to the requirements that were
asked for based on completeness of the information, relevance of the
information, content and organization.
Product or Service
Name: IFlex Dishwashing Liquid
Table of sales projections for dishwashing liquid based on household size and usage
needs:
Every 1-2
Commercial 52+ ₱28,284+
weeks
Timing: Purchases are often timed to coincide with the depletion of the
current supply. Most consumers buy dishwashing liquid when their
existing product is about to run out, resulting in regular, planned
purchases.
4. Usage Habits:
Households tend to use dishwashing liquid daily, usually during meal
preparation or immediately after eating.
Restaurants and commercial establishments use dishwashing liquid in
large quantities during peak operational hours, seeking efficiency.
Warm water is commonly used in conjunction with dishwashing liquid
for optimal cleaning results.
Company Background
Business Activity:
Products:
iFlex Original: Our flagship product offers excellent grease removal,
efficient cleaning, and a refreshing scent.
iFlex Sensitive: Designed for those with sensitive skin, it offers gentle
care without compromising on cleaning power.
iFlex Eco-Friendly: A sustainable option that aligns with environmental
values while ensuring a thorough clean.
Core Values:
Innovation: We continuously innovate to provide cutting-edge cleaning
solutions.
Flexibility: Our products adapt to various needs and preferences.
Sustainability: We are committed to eco-friendly and responsible
manufacturing.
Segmentation:
iFlex Dishwashing Liquid recognizes the importance of understanding the
diverse needs and preferences of our consumers. Our segmentation strategy
is based on the following criteria:
Targeting:
Positioning:
Strengths:
Product:
Price:
1. Competitive Pricing: iFlex provides eco-friendly options at competitive
price points, making sustainability accessible to a wider consumer
base.
2. Value for Money: The concentrated formulas offer enhanced value for
money, as they require smaller amounts per use, resulting in cost
savings for consumers.
Place:
1. Broad Distribution: iFlex products are readily available in
supermarkets, online marketplaces, and specialty stores, ensuring
wide market coverage and accessibility that includes direct selling.
2. Global Presence: The brand has expanded its reach locally and have
a strong presence internationally that enticing many investors. With
that it has an increasing market share and global visibility.
Promotion:
1. Sustainability Message: iFlex actively promotes its commitment to
sustainability through marketing and advertising (social media flatforms
such as, Facebook, Instagram, Twitter), resonating with eco-conscious
consumers.
2. Customer-Centric Approach: The company values customer
feedback, enhancing brand reputation and customer loyalty.
Weaknesses:
Product:
1. Limited Product Awareness: iFlex is a relatively new brand and may
face challenges in building brand awareness and trust in a market
dominated by established competitors.
2. Product Education: Some consumers may require more education
regarding the benefits and usage of concentrated formulas to
understand their value fully.
Price:
1. Premium Perception: Some consumers may perceive eco-friendly
products as more expensive, even if iFlex offers competitive pricing.
This perception could affect purchasing decisions.
Place:
1. Availability Gaps: iFlex may not be available in certain niche or
geographic markets, potentially missing out on specific customer
segments.
2. Distribution Challenges: Depending on the region, supply chain and
distribution challenges could affect product availability.
Promotion:
1. Competition: The eco-friendly cleaning product market is competitive,
with multiple well-established brands. iFlex needs to stand out amid
strong competition.
2. Educational Efforts: iFlex may need to invest in more extensive
efforts to educate consumers about the benefits of its eco-friendly,
concentrated formulas and their contribution to sustainability.
1. Product:
2. Price:
Competitive Pricing: Maintain competitive pricing to attract price-
conscious consumers while offering premium eco-friendly products.
Promotional Pricing: Periodically offer discounts or bundle deals to
incentivize trial and repeat purchases.
3. Place:
Channel Expansion: Continue to broaden the distribution channels by
partnering with eco-conscious retailers, both online and offline. Explore
collaborations with eco-friendly subscription services.
Global Expansion: Actively pursue global expansion, especially in
regions with a growing interest in sustainable products.
4. Promotion:
Educational Campaigns: Launch educational campaigns and content
to inform consumers about the benefits of concentrated formulas, the
environmental impact of their choices, and the effectiveness of iFlex
products. Utilize social media, blog posts, and video tutorials to engage
and inform customers.
Partnerships: Collaborate with environmental organizations and
influencers who align with iFlex's sustainability values to reach a wider
audience and strengthen the brand's eco-friendly image.
Customer Feedback Integration: Leverage customer feedback to
continually improve products and demonstrate a customer-centric
approach. Share success stories and testimonials from satisfied
customers.