Professional Documents
Culture Documents
Buestán Strategic Marketing Plan
Buestán Strategic Marketing Plan
April 2019
INDEX
1. CHAPTER 1. GENERALITIES.......................................................................................3
1.1. Company's description...............................................................................................3
1.2. Problematic.................................................................................................................5
1.3. Study objectives..........................................................................................................6
1.3.1. General objective................................................................................................6
1.3.2. Specific objectives...............................................................................................6
1.4. Hypothesis...................................................................................................................7
1.4.1. General Hypothesis.............................................................................................7
1.4.2. Specific Hypotheses............................................................................................7
1.5. Theoretical framework, Reference framework, Conceptual framework...............7
2. EPISODE 2. ANALYSIS OF THE CURRENT SITUATION......................................11
2.1. External analysis.......................................................................................................11
2.1.1. Macro environment..........................................................................................11
2.1.2. Micro environment (Porter's Five Forces)......................................................20
2.2. Internal analisis........................................................................................................22
2.2.1. Administrative Capacity..................................................................................22
2.2.2. Human Talent Capacity...................................................................................24
2.2.3. Financial capability..........................................................................................25
2.2.4. Marketing Capability.......................................................................................26
2.2.5. Production capacity..........................................................................................27
2.3. SWOT Analysis.........................................................................................................28
2.3.1. Arrays................................................................................................................28
2.3.2. Synthesis............................................................................................................39
3. CHAPTER 3. MARKET RESEARCH AND SEGMENTATION................................39
3.1. Problem definition....................................................................................................39
3.2. Research objectives..................................................................................................40
3.3. Investigation methodology.......................................................................................40
3.4. Design of the investigation.......................................................................................41
3.5. Sample definition......................................................................................................45
3.6. Market segmentation................................................................................................46
3.7 Conclusions from segmentation and research..............................................................47
3.8 Demand analysis.............................................................................................................57
ii
1. CHAPTER 1. GENERALITIES
Historical review
In the province of Azuay in the Gualaceo Canton, the BUESTÁN company began on
August 2, 1946. The founder of this company is Jesús Vicente Buestan Orozco, his
parents are José María Buestan and María Juana Orozco, he comes from a humble
There are 10 brothers. Vicente Buestan occupies the penultimate place and is the
only one still alive. He did not complete his primary studies until the third year. His
father died in 1953 and he remained under the guardianship of his mother in an evident
financial crisis. He finished primary school at a school. After that, he began to work in a
shoe workshop, which he obtained through his family to help him financially with the
maintenance of his family. At that time, the shoemaking trade was considered one of the
most difficult because it required a lot of skill since it was a 100% manual trade.
Vicente Buestan considered that this job was aimed at those people from the lower
class, therefore he felt ashamed in front of his colleagues. (Buestan Cia. Ltda., 2015) .
Vicente Buestán traveled to the city of Quito at the age of 18 where he managed to
get a job as a shoemaker. He longed to be an artist, however that career was very
difficult. He will always be grateful to God since he learned the trade very well and
He met Mr. Rubén Tapia, one of the great footwear manufacturers, owner of
Calzado Baldeón, among others, as well as Calzado Magnolia, considered at that time as
4
the best footwear in the country due to who worked only with fine and imported
materials in the City of Quito. The last company where Vicente worked was at Calzado
Magnolia, where he made footwear by hand and where he also manufactured shoes for
very important people such as the former president of the Republic of Ecuador, Galo
Vicente Buestan set out to create a company that manufactures the best footwear that
satisfies the needs and demand with the best service and the best quality. In 1970, he
formed the Bally company under license from the transnational company. In 1971 he
created a new company called ARCAL, where he had associations with several
important people of that time. After a year he separated from that company and formed
another company called Ebro, where Mr. Clemente García, of Spanish nationality, was
his partner. A year later he created his own company with his own brand "BUESTÁN,
ending the previous one, this It remains today, which had to suffer many difficulties that
have been overcome for decades. It managed to produce 12 pairs of men's footwear a
day with 6 workers, which increased over the years. (Buestan Cia. Ltda., 2015) .
The first BUESTÁN store was opened in 1975, it is located on Pinto and Amazonas
streets, where they were very well received. As the years went by, more stores were
opened in the city of Quito, eventually having authorized distributors in almost all the
cities of the country, especially in the cities of Ambato, Cuenca and Guayaquil, where
they had a greater presence where they sought to satisfy the demand of their clients.
Their first import of machinery was in 1978 from Argentina from the Enrique
Shuster company, then they managed to obtain machinery from Germany, Italy, Brazil,
the USA and China until today. (Buestan Cia. Ltda., 2015) .
5
In 2010, the Buestán company was ranked 70th out of the top 100 most remembered
brands in the country, according to surveys bylook magazine. The Buestán company
received an award from "La Corporación La Favorita" in 2011 as the best supplier of
the year, and an Award for the best quality in Peru “Exito Award 2011”. Its production
capacity is 600 pairs in an 8-hour work day. The challenge in the future is to use its
installed capacity in two work days to increase its production. (Buestan Cia. Ltda.,
2015) .
The Buestán brand has some lines such as: footwear for women, men, children,
school and industrial. Currently the company has the best high-tech machinery which
allows it to guarantee production with the highest quality standards. The development of
its models is based on the fashion trend with the best selection of materials, taking into
account the comfort and guarantee that the customer demands when purchasing this
product. Regarding the commercial area, the company has 8 commercial premises in the
city of Quito, 2 commercial premises in the city of Cuenca in a strategic alliance and
1.2. Problematic
Buestán Cía. Ltda. is a family business that had a great reception some time ago, but
with the growth of the market and the new expectations of customers, their new
lifestyles, the lack of creative proposals of the company has been increasingly losing
Eta fashion, payless and national companies such as Bunky and Vennus due to their low
prices.
6
In addition, the lack of support for National culture also contributed to this problem,
That is why Buestán has a low positioning, they have the best Ecuadorian women's
school shoes and industrial shoes, but at high prices, focusing on a marketing plan is
intended to achieve a positioning in the market, which will not help only to the
company if it did not also help the growth of the country's wealth.
Design a strategic marketing plan model to establish the consumer's needs, with the
aim of satisfying them with a quality product and with appropriate prices to achieve the
- Analyze the current situation of the company and recognize its strengths,
brand.
1.4. Hypothesis
The lack of solid positioning means that customers do not trust the brand or the
- Not having direct suppliers means that product prices are not
competitive.
framework
Theoretical framework
Marketing
According to Kotler, Gary, John, & Veronica (2002) it consists of “an administrative
and social process, thanks to which certain groups or individuals obtain what they need
or want in order to satisfy their various needs, through the exchange of products or
services.” .
Jerome & William (2001) believe that "it is the performance of activities that can
help a company achieve the goals it has set, being able to anticipate consumer desires
For his part, John A. Howard, who works at Columbia University, assures that he is
the needs of consumers, and find what the company can produce to satisfy them.”
8
And Al Ries and Jack Trout (1990) believe that “marketing is synonymous with
“war” where each competitor must analyze each “participant” in the market,
understanding their strengths and weaknesses and draw up a plan in order to exploit
deliver value to customers, manage relationships, and its purpose is to benefit the
Direct marketing: For Kotler and Armstrong, direct marketing "consists of direct
Additionally, and according to both authors, direct marketing can be viewed from
two points of view: 1) As a form of direct distribution; that is, as a channel that does not
fundamental principle that says that you do not have to sell, but rather make friends and
they will be the ones who buy. Achieve profit in exchange for customer
satisfaction(Stanley, 2001) .
Internet, and is aimed at anyone in the world who has a computer and a connection to
the network. In this marketing there are SEO1 tools that allow companies to achieve
Marketing plan
9
The marketing plan is a document that is part of the strategic planning documentation
of a company. The marketing plan serves to collect the objectives and strategies, in
addition to the actions that will be necessary to achieve these objectives.(Kotler &
Armstrong, 2001) .
Although this is just another definition of the marketing plan, the different aspects
that make up a marketing plan will be broken down below and on which companies
must pay special attention, since it is one of the most important documents, if possible
Since a marketer can almost never satisfy all members of a market, the first thing he
or she does is segment the market, identifying and preparing profiles of well-defined
psychographic, and behavioral differences of buyers. The company then decides which
segments present the best opportunity: those whose needs the company can best meet.
“For each selected target market, the company develops a market enterprise. The
offering is positioned in the minds of target buyers as something that provides certain
The marketing plan is completely linked to the marketing mix and the famous theory
company to serve the market (people) based on some parameters (product, price,
group that is the type of products; of which perhaps in that case you
only have one. That is, for example, a company that sells sofas, the
Plaza: It is the physical or virtual place where the products are sold
stimulate demand and achieve sales; one of the almost always main
Price: Price marked for the product or service that seeks profitability
Reference frame
According to Conlago research(2017) mentions that one of the problems for the
company not to be recognized is the lack of corporate image, promotion and positioning
strategies which allow it to have competitive advantages, for this the company must
Conceptual framework
Positioning
According to Kotler & Armstrong(2013) says that “It is the way in which a product is
Footwear industry
Industry
Footwear
SITUATION
They are all external factors that affect the company in some way and it is important
to analyze them in order to understand what the threats and opportunities are for the
country. Kotler & Armstrong (2008) states that economic factors affect the purchasing
what the main macroeconomic factors and indicators are, such as GDP, inflation.
Inflation
It is the generalized and continuous growth of the prices of goods and services of the
economy in a given time in relation to the currency, this means that when prices
increase, fewer goods and services are acquired, therefore, purchasing power is lost. of
the currency.
The Consumer Price Index (CPI) is an indicator that measures the variation in prices
between the consumption of goods and services of the population in a certain period of
time, while the Producer Price Index (PPI) allows measuring the variation of the
Figure 1. Evolution of annual inflation March 2018 – March 2019. Recovered from National Institute of
Statistics and Censuses (2018)
Monthly inflation until March 2019 reached -0.12%. The sectors that presented a
negative variation were food and non-alcoholic beverages, clothing, transportation and
13
basic services. Regarding the Producer Price Index for March 2019, it was located at
102.7 with a monthly variation of 0.22%, this is due to the fact that the prices of both
The Gross Domestic Product is an indicator that determines the economic situation
of a country, based on the sum of all goods and services produced within a nation in a
Figure 2. Evaluation of GDP per capita recovered from the National Institute of Statistics and Censuses
(2018).
According to the projection of the GDP per capita carried out by the Central Bank of
Ecuador, for 2019 the GDP will grow less compared to 2018, although it is understood
that the GDP is the indicator that determines the wealth of the country, for the coming
years the The population will grow more than the GDP, meaning that the quality of life
For the third quarter, between July and September, the Ecuadorian economy grew
1.4% compared to the same quarter of 2017. In nominal terms, the GDP reached
$27,267 million dollars. As for the manufacturing sector, the sector where BUESTÁN
CIA is located. LTA, the sectors with the greatest participation in the GDP are the
14
services sector and the construction sector, however, the manufacturing sector has not
Interest rate
The interest rate is the amount paid for borrowing money. This interest rate can be
beneficial for both the lender and the payer. There are two types of interest rates, active
and passive.
The active rate is the value that the bank charges us for a loan to a company, while
the passive rate is the value that the bank or cooperative pays for a loan or investment
Table 1
Business active interest rate
2014 9,63%
2015 9,76
2016 9,84%
2017 8,92%
2018 9,85%
2019 9,95% **
Table 2
Corporate passive interest rate
2014 5,18%
2015 5,14%
2016 5,12%
2017 4,95%
2018 5,43%%
15
2019 5,84% **
Political factors are events that influence company decisions, such as laws and
government agencies. (Kotler & Armstrong, 2008) . That is to say, companies are under
regulations and laws that the Government implements, therefore, managers must
Two years ago in Ecuador there was a change of government, for 10 years our
country was led by Eco. Rafael Correa, during that period certain fiscal and economic
policies were implemented that benefited certain economic sectors, as well as affected
another group.
During Rafael Correa's period, treaties were signed and one of them was with the
European Union (EU), in which it would benefit Ecuadorian production by seeking new
markets in Europe by entering with 0% tariffs, but nevertheless the competition is too
much. strong where certain requirements must be met for a product to enter European
markets.
With the current government led by Lenin Moreno, no economic plan presented in
campaigns has been evident, which was a model directed by the previous government
regime. Regarding the economy so far in his period, there have been some important
Development Bank (IDB), International Monetary Development (IMF) and the World
16
Bank (WB), with the purpose of attracting foreign investments and improving
Alexis Vinueza, Manager of the company BUESTÁN CIA. LTA agrees that one of
the main measures that the new government must implement is to regain the confidence
of the industrial sector, since it is one of those that has not benefited 100% from the
measures implemented in the previous government, in such a way that they allowed
That foreign brand products enter the country has made the level of internal competition
stronger.
The legal factor is a system where companies must be governed by laws and statutes
for operation. Complying with the legal provisions in our country is a challenge since
the possibilities that the company has to participate in the market must be analyzed.
BESTÁN CIA. LTA is governed by all current regulations and laws of the country,
They are factors that have the greatest influence on companies due to the interests,
desires, values and behaviors that each person has. It is the interaction that the company
has with market actors and certain elements such as customs, language, culture must be
On the other hand, cultural factors directly affect the company, that is, this can lead
acquisition or sale of a product or service depends on this (Taipe & Pazmiño, 2015).
Unemployment
17
It is the situation in which a group of people find themselves who, despite having the
age, ability, skills and desire to work, do not have a job. Unemployment is a factor that
In Ecuador, the unemployment rate has been increasing in recent years, according to
statistics from the National Institute of Statistics and Census (INEC), at the end of 2018
Figure 3. Unemployment rate at the national, urban and rural level (2017-2018). Recovered from
National Institute of Statistics and Censuses (2018).
Employment
It is the activity carried out by a group of people who contribute their knowledge and
at the end of 2018, the employment rate decreased to 40.6%, compared to 2017, which
was 42.3%. This decrease is due to the changes that the government is implementing,
Figure 4. Adequate employment rate at national, rural and urban levels (2017-2018) . Retrieved from
INEC (2018).
Underemployment
It is a phenomenon that occurs when the worker must work fewer hours, perform less
productive jobs and sometimes work for a salary lower than the basic salary simply to
avoid becoming unemployed. At the end of 2018, the underemployment rate was
in our country, this is due to the fact that there are no new jobs and this is about
unemployment.(INEC, 2018) .
Geographic factors are circumstances that are not under the control of the company
and that in some way influence the activities; these factors can be weather, earthquakes,
earthquakes, floods, among others. BESTÁN CIA. LTA is located in the north of
Quito, on Av. José Andrade Oe1-589 and Joaquín Mancheno, Carcelén Industrial
sector.
In the Sangolqui sector, due to its geographical location and the different distribution
sites, the brand BUESTÁN CIA. LTA represents a huge opportunity because of the type
19
Currently, one of the factors with the greatest impact on companies is technology,
which has allowed its growth and development. Nowadays, if a company does not have
technological advances, it is said that the production they carry out is obsolete and it is
BESTÁN CIA. LTA has also benefited from technological advances, where it has
- Molds: These are the molds that the company uses to make the weld molds, in
which they previously had a set of molds made in Brazil and had a duration of 6
center. BESTÁN CIA. LTA is one of the two factories in the country that has
cutting everything.
and cam.
With all this technology implemented in BUESTÁN CIA. LTA has allowed it to
create modern and competitive designs in its environment, thus reaching the highest
They are those factors that BEST CIA. LTA. in part it can control and through which
2.1.2.1. Customers
Currently BUESTÁN CIA. LTA. It divides its clients into 3 channels: retail,
Regarding the retail sales channel, its clients are children and young people in
school, as well as men and women from 18 years of age onwards, who acquire 30% of
The wholesale customers are 50 independent stores located in different parts of the
country, the same ones that are not loyal, because they purchase the products only
during seasons such as school season, Mother's Day, Father's Day, and Christmas, since
these They manage a multi-brand sales scheme, they buy 15% of the total production.
- Large and Small Companies, these include companies such as Coca-Cola, Pepsi,
Nestlé, Holcim, and other companies including cement and sugar companies.
2.1.2.2. Suppliers
BESTÁN CIA. LTA. It classifies its suppliers according to the inputs or resources
- Leather, the companies that provide this raw material are Tenería Ortiz, Tenería
Tunguragua, it should be mentioned that AAA quality leather is required for the
sometimes even B.
- Soles, the company that provides these inputs is Encaucho, which belongs to
BUESTÁN CIA. LTA. That is, it carried out a backward vertical integration.
- Boxes, hardware, laces, insoles, synthetic lining material, and glues are supplied
by small companies.
- Machinery and technology, the companies that provide these tools come from
2.1.2.3. Competence
The competition of BUESTÁN CIA. LTA. It is given according to the product lines
In the school footwear line, its competition is Bunki and Venus, but these companies
In the line of footwear for women and men, competition is given by place rather than
by product. Among the main competitors we have Ponti, Bata, Payless, Zara, De Prati,
and Etafashion.
Regarding industrial footwear for chefs, and industrial safety (dielectric and Nitrile
shoes), the main national competence of BUESTÁN CIA. LTA. It is Gamos, Calzado
In this case, the substitute products that replace BUESTÁN CIA in the Ecuadorian
Regarding national products, among the companies that offer the line of school
They are also considered substitutes for BUESTÁN CIA. LTA. to products from
quality, rivalry is a product of pressure from competitors, the tactics they use Some
companies influence others and therefore use efforts to counteract them. (Porter M. E.,
2008)
rivalry is high, having as national competitors Ponty, Bata, Payless and imported Zara
and Eta Fashion, Due to the innovation that is generated in the footwear industry in the
various competitors Buestan is forced to employ various tactics to face the competition.
BESTÁN CIA. LTA. As for the administration, it is oriented towards the objectives
of the organization, the group's efforts are directed towards the fulfillment of objectives.
Thus, for your planning, BUESTÁN CIA. LTA. carries out different research activities
23
profitability,
The direction is given by Alex Vinuesa who is the commercial manager Marketing
engineer, Business Administrator and has 3 graduates which helps the company have
good administrative management, BUESTÁN CIA. LTA. guides its staff so that they
carry out their activities efficiently, for which Alex Vinuesa applies values of integrity,
The organization is given as follows, we have the president Vicente Buestán, general
manager Diana Buestán in the commercial management Alex Vinuesa, has a production
and financial management where The Human Talent department is also located there.
Quality control is essential for sales in the footwear industry, which is why
BUESTÁN CIA. LTA. It has exhaustive control in each of the processes of obtaining
footwear, likewise, each department manager controls the efficient fulfillment of the
Vicente Buestán
(Presidente)
Diana Buestán
(Gerente General)
Gerencia
Gerencia Gerencia Comercial
Administrativa Gerencia Financiera
Produccion Alex Vinuesa
Nancy Morejon
Figure 4. Functional organizational chart of the Company BUESTÁN CIA. LTA. family business.
In its Human Talent department, Buestan has 98 employees in the production area
and 42 employees in the Administrative area, who are trained professionals committed
to the organization.
The company has a Human Talent process with four pillars, which are the first
selection and recruitment, the second training and human development, the third payroll
and remuneration, and the fourth pillar is Performance Management, which allows it to
adequately manage the management of human talent. Buestan divides its human talent
into three branches: the first is the Industrial Safety Department, the second branch is
the Department of Occupational Medicine and finally the Department of Social Work.
Four months ago, ISO9001 2015 and the INEN certificate of conformity were
performance of the personnel who work in the plant. It also provides motivation to the
personnel and development, which allows them to have a highly qualified staff
25
committed to the company, we can demonstrate this since 80% of the staff who work at
BUESTÁN CIA. LTA. have been working in the company for more than 5 years and
only 20% have been working in the company for less than five years.
BESTÁN CIA. LTA. It has 15 retired employees, two of them continue to work in
the company for services provided, it also has the best personnel in the footwear
industry which has been required by the competition, but due to the level of
financial resources and is responsible for the mobilization of the company, to obtain a
desired profitability at the end of the period. The profitability of BUESTÁN CIA
LTDA. It is given by the sale of Industrial footwear through contracts that contributes
55% (this consists of contracts to large companies and government companies), 30%
comes from retail footwear, in school shoes it contributes 15% to the company's
income. company, but in recent years the profitability of BUESTÁN CIA LTDA. It has
not been so good, the commercial manager alludes that it is due to the government's
decisions that eliminated entry barriers for the importation of footwear, so now there are
imported footwear on the market at lower prices and national products have been
displaced.
Table 3
Financial Ratios of the Buestán Cía Company. Ltd.
Financial ratios
Liquidity Ratio 1.43 USD
Liquidity Ratio Acid test 0.75 USD
Cash Ratio 0.02 USD
Leverage Ratio Long Term Debt 40.80 %
26
Total active
0.82 %
performance
According to the liquidity that the company has for each dollar that the company
Buestán Cía owes. Ltda. owes pays that dollar and has 0.43 ctvs left. which means that
the company does not have a significant debt, it is also concluded that 40% of 100% of
the assets are financed by resources outside the company. Regarding its profitability, we
can see that for the total of 100% of the assets we obtain a profitability of 4.10%, which
resources that help develop a potential market that indicates the total amount of
income and units that are necessary to satisfy our segment of market ". (Porter
M. , 1991)
The company has a small market since it produces school shoes, men's shoes,
industrial shoes and very few women's shoes, which prevents it from penetrating a
market since it faces difficulties due to lack of cash and does not have a department. of
innovation and marketing for the product, which generates consumer preference for
foreign footwear, and this puts the demand of the customer segment at risk so that the
On the other hand, the company is losing power in its market since customers, not
feeling pleased, choose to choose other companies where they are offered a wide variety
The footwear manufacturing process in Buestan follows the same pattern for all
types of models, it only changes when industrial footwear for chefs is made, which
takes a little longer to make, since it is made with technological machines that reduce
the time.
3.- Cuts of pieces according to the molding on the machinery (Foliated, Engraved,
Perforated, Inserting)
4.- Assembly
5.-Soled
6.- Finish
7.- Pigmented
8.-Packaging
2.3.1. Arrays
Table 5
Matrix 2 Summary of Opportunities
No. OPPORTUNITIES
1 O1 Industrial Market Growth
2 O2 Technological Growth
3 O3 Tariff law and taxes on imported footwear.
4 O4 High prices from the competition.
5 O5 Attracting potential consumers.
Prepared by the authors, own research source.
Table 6
Matrix 3 Summary of Weaknesses
No WEAKNESSES
.
1 D1 Little capacity for promotion and advertising.
2 D2 Leather suppliers do not meet required quality standards.
3 D3 Lack of innovation in their models
Table 7
Matrix 4 Threat Summary
No. THREATS
1 A1 Imported products
2 A2 High number of footwear brands nationwide.
3 A3 Instability in interest rates.
4 A4 Increase in the unemployment rate.
5 TO Most competitive footwear companies.
5
6 A6 Demanding clients in brand and fashion.
7 A7 Current economic instability.
Prepared by the authors, own research source.
Table 8
Matrix 5 Impact of Strengths
N STRENGTHS IMPACT
o. HIGH HALF LOW
1 F1 Trained staff x
Table 9
Matrix 6 Impact of Opportunities
N OPPORTUNITIES IMPACT
o. HIGH HALF LOW
1 O1 Industrial Market Growth x
30
2 O2 Technological Growth x
3 O3 Tariff law and taxes on imported footwear. x
4 O4 High prices from the competition. x
5 O5 Attracting potential consumers. x
4 1 0
80% 20% 0%
Prepared by the authors, own research source.
Table 10
Matrix 7 Impact of Weaknesses
N WEAKNESSES IMPACT
o. HIGH HALF LOW
1 D1 Little capacity for promotion and advertising. x
2 D2 Leather suppliers do not meet required quality x
standards.
3 D3 Lack of innovation in their models x
Table 11
Matrix 8 Impact of Threats
N THREATS IMPACT
o. HIGH HALF LOW
1 A1 Imported products x
2 A2 High number of footwear brands nationwide. x
3 A3 Instability in interest rates. x
4 A4 Increase in the unemployment rate. x
5 TO Most competitive footwear companies. x
5
6 A6 Demanding clients in brand and fashion. x
7 A7 Current economic instability. x
3 2 2
43% 29% 29%
Prepared by the authors, own research source.
31
Table 12
Matrix 9 Offensive Areas of FO strategic initiative
O1 O2 O4 O5
OPPORTUNITIES
Industrial Market
TOTAL
consumers.
Attracting
potential
Growth
Growth
High=5
Average=3
Low=1
STRENGTHS
Trained staff 1
F1 1 1 1 4
F2 Current technological systems 3 5 5 3 16
F4 Quality Products 5 5 1 5 16
F5 Adequate infrastructure 1 1 1 1 4
F7 Staff committed to the company 1 1 1 1 4
F8 Well-defined market segment. 5 1 1 5 12
TOTAL 16 14 10 16 56
Prepared by the authors, own research source.
Table 13
Average FO matrix and force balance ratio.
No. Average
Rows 6 9
Columns 4 14
Force Balance Ratio 46,67%
Prepared by the authors, own research source.
32
Table 14
Matrix 10 Defensive Areas of DA Strategic Initiative
A A A
3 6 7
Current economic
THREATS
TOTAL
Instability in
WEIGHING
Demanding
High=5
Average=3
Low=1
WEAKNESSES
D
1 Little capacity for promotion and advertising. 1 3 5 9
D
2 Leather suppliers do not meet required quality standards. 1 3 1 5
D Lack of innovation in their models
3 1 5 3 9
TOTAL 3 11 9 23
Prepared by the authors, own research source.
Table 15
Average DA matrix and force balance ratio.
No. Average
Rows 3 8
Columns 3 8
Force Balance Ratio 51,11%
Prepared by the authors, own research source.
Table 16
Matrix 11 Offensive Areas of FA Strategic Initiative
A3 A6 A7
Current economic
clients in brand
THREATS
interest rates.
Instability in
and fashion.
WEIGHING
Demanding
instability.
TOTAL
High=5
Average=3
Low=1
STRENGTHS
Trained staff
F1 1 1 1 3
F2 Current technological systems 1 3 1 5
F4 Quality Products 1 5 1 7
33
F5 Adequate infrastructure 1 1 1 3
F7 Staff committed to the company 1 1 1 3
F8 Well-defined market segment. 1 5 1 7
TOTAL 6 16 6 28
Prepared by the authors, own research source.
Table 17
Average FA matrix and force balance ratio.
No. Average
Rows 6 5
Columns 3 9
Force Balance Ratio 31,11%
Prepared by the authors, own research source.
Table 18
Matrix 12 Areas of Strategic Improvement DO
O1 O2 O4 O5
OPPORTUNITIES
Industrial Market
Attracting
potential
TOTAL
Growth
Growth
High=5
Average=3
Low=1
WEAKNESSES
D1 Little capacity for promotion and advertising. 3 5 3 5 16
Leather suppliers do not meet required quality
D2 standards. 1 3 1 1 6
Lack of innovation in their models
D3 3 5 3 5 16
TOTAL 7 13 7 11 38
Prepared by the authors, own research source.
Table 19
Average DO matrix and force balance ratio.
No. Average
Rows 3 13
Columns 4 10
Force Balance Ratio 63,33%
Prepared by the authors, own research source.
Table 20
Matrix 13 Strategic Matrix numerical terms.
34
Table 21
Matrix 14 Strategic Synthesis
OPPORTUNITIES THREATS
FO FA
F2 Current technological systems F2 Current technological systems
F4 Quality Products Quality Products
STRENGTHS
F4
F8 Well-defined market segment. F8 Well-defined market segment.
A6 Demanding clients in brand and
O1 Industrial Market Growth fashion.
O2 Technological Growth
O5 Attracting potential consumers.
DO GIVES
WEAKNESSES
Little capacity for promotion and Little capacity for promotion and
D1 advertising. D1 advertising.
Lack of innovation in their models Lack of innovation in their models
D3 D3
A6 Demanding clients in brand and
O2 Technological Growth fashion.
O5 Attracting potential consumers. A7 Current economic instability.
Prepared by the authors, own research source.
35
36
Table 22
Matrix 15 Pre-Initiative
STRENGTHS WEAKNESSES
F2 Current technological systems D1 Little capacity for promotion and advertising.
Lack of innovation in their models
F4 Quality Products D3
F8 Well-defined market segment.
OPPORTUNITIES FO DO
Take advantage of technological
Create programs for advertising and promotion
O1 Industrial Market Growth systems to improve productivity and
of the company.
competitiveness.
Provide a guarantee of quality products
Design training programs, for the development
O2 Technological Growth offered to the market, to attract new
of models according to the needs of the market.
customers and maintain current ones.
O5 Attracting potential consumers.
THREATS FA GIVES
Take advantage of the fact that quality
Design advertising and promotion programs
products are produced by current
A6 Demanding clients in brand and fashion. according to the needs and demands of the
technological systems, so they can meet
market.
the needs and demands of the market.
Develop contingency plans to deal with Design new models of footwear according to
A7 Current economic instability.
the economic situation of the country. the needs and demands of the market.
Prepared by the authors, own research source.
37
Table 23
Matrix 16 Evaluation of Internal Factors
N Internal Factors Relative Qualificatio Total
o. weight n
1 F1 Trained staff 0,11 4 0,44
2 F2
Current technological systems 0,11 4 0,44
3 F3
Brand recognition 0,06 3 0,18
4 F4
Quality Products 0,11 4 0,44
5 F5
Adequate infrastructure 0,11 4 0,44
6 F6
Good location of its premises. 0,06 3 0,18
7 F7
Staff committed to the company 0,11 4 0,44
8 F8
Well-defined market segment. 0,06 3 0,18
1 D1
Little capacity for promotion and advertising. 0,09 1 0,09
2 D2
Leather suppliers do not meet required 0,03 2 0,06
quality standards.
3 D3 Lack of innovation in their models 0,03 2 0,06
Table 24
Matrix 16 Evaluation of External Factors
N External factors Relative Qualificatio Total
o. weight n
1 O1 Industrial Market Growth 0,08 3 0,24
2 O2 Technological Growth 0,1 4 0,4
3 O3 Tariff law and taxes on imported 0,04 2 0,08
footwear.
4 O4 High prices from the competition. 0,1 4 0,4
5 O5 Attracting potential consumers. 0,11 4 0,44
1 A1 Imported products 0,08 3 0,24
2 A2 High number of footwear brands 0,11 4 0,44
nationwide.
3 A3 Instability in interest rates. 0,04 2 0,08
4 A4 Increase in the unemployment rate. 0,04 2 0,08
5 TO Most competitive footwear companies. 0,11 4 0,44
5
6 A6 Demanding clients in brand and fashion. 0,11 4 0,44
7 A7 Current economic instability. 0,08 3 0,24
TOTAL 1 3,52
Table 24
Matrix 17 Evaluation of External Factors
Key factors Relative Qualificatio Total Attractiv Range
weight n e
Current technological systems 12% 8 0,96 Low 1 - 3,33
Quality Products 12% 8 0,96
Well-defined market segment. 8% 6 0,48
Little capacity for promotion and 11% 6 0,66 Half 3,4 - 6,6
advertising.
Lack of innovation in their models 5% 4 0,2
9,99
Alta
6,66
Media
2.3.2. Synthesis
The study of the SWOT matrix is based on a comprehensive analysis of the company
Buestan Cta. The same company that is dedicated to the manufacture of footwear
mainly focused on the men's market segment and in small quantities for women, which
creates a great disadvantage in the face of both national and international competition.
On the other hand, the acquisition of machinery with cutting-edge technology is used to
reduce production times and, in turn, improve footwear production and having
The position of BUESTAN “SA” in the footwear industry is at a high level with
business position, which shows that the company is in growth and development with its
defined market segment, since it has current technological systems that They have not
yet acquired national competition, which allows the company to invest in technology to
SEGMENTATION
Various factors such as the lack and empiricism regarding the development strategies of
marketing programs are key to the problem presented, as are the lack of brand
recognition, foreign brands with better prices and technology that constitute tools.
fundamental for the management of databases, the same ones that could help
significantly in the development of strategies, we must also take into account the
deficiency in the training and motivation programs in the customer service area, this can
be key when understand the reason for the decline in the management of customer
relationships.
Have strategies that allow increasing sales in the Rumiñahui canton of the Buestan
brand.
General objective
Carry out a market study, using descriptive research with the survey technique,
determining marketing strategies to know the tastes and preferences of the consumer
Specific objectives.
- Establish the market share of the Buestan company in the consumer's mind
- Determine the most relevant aspects that users consider when purchasing
footwear.
- Know the main means of dissemination by which consumers learn about the
price, purchase motivations, focusing from the customer's point of view which provides
To collect information on the market to which the Buestan brand product will be
- Interviews: the owner will be asked questions about the current situation of the
solutions.
- Survey: the potential customer survey will be applied, with the purpose of
Exploratory investigation.
Of the methods detailed above, to develop this marketing plan we are going to apply
hypotheses, we can clearly define information and it serves as a basis for decision-
making.
For the development of this market research, it was determined that the survey
technique can be used, since it allows obtaining more information, quickly, with lower
The research design according to Malhotra (2008) is: “The scheme or program
to carry out the marketing research project. It specifies the details of the procedures that
are necessary to obtain the required information, to structure and/or solve market
For this Strategic Marketing Plan, a type of descriptive research will be applied,
Rumiñahui canton, and see how the Buestan brand is positioned in it.
That is why the survey will be applied as an instrument to obtain the necessary
follows:
Sector: Date:
Age Sex
20-30 F M
30-40
40-50
More than 50
4. When you go to buy shoes, for which of these reasons do you buy them?
Bunki Coat
Venus fallow deer
Ponti Redwing
Redwing
Venus
fallow
Bunki
Ponti
Coat
deer
Exclusiveness
Comfort
Brand
Design
Durability
Fashion
Quality
High price
Low price
Yeah No
8. What do you think Calzado Buestan needs to meet the expectations of its
customers?
Yeah No
10. What type of promotions would you like to have when purchasing
footwear?
11. Underline how much you would be willing to pay for a pair of shoes.
12. Through what media would you like the different footwear brands to be
made known?
Catalogs Billboards
Television Social networks
Radio
will be used, which is a type of probabilistic sampling in which each member of the
(Malhotra, 2008) .
The sample will be extracted from the population using the following formula:
2
z p∗q∗N
n= 2 2
e ( N−1 ) + z ∗p∗q
Where:
z = confidence level;
p = probability of occurrence;
q = probability of non-occurrence;
N = population size;
e = percentage of error.
The size of the population will be the number of inhabitants of the Rumiñahui
Table 19
Distribution of the population according to sex
z = 1.96;
p = 0.8;
q = 0.2;
N = 42408;
e = 0.5.
2
1, 96 ∗0 , 8∗0 , 2∗42408
n= 2 2
0 ,05 ( 42408−1 ) +1 , 96 ∗0 ,8∗0 , 2
n=244
5. Table 20
6. Geographical segmentation
Geographic
Country Ecuador
Region Mountain range
Province Pichincha
Canton Rumiñahui
7. Prepared by the authors, own research source.
8. Board1 1
9. Demographic Segmentation
Demographic
Age 20- 50 years
Sex Male Female
Occupation Students, independent workers and public or private employees.
Nationality Ecuadorian
10. Prepared by the authors, own research source.
11. Table 22
12. Psychographic Segmentation
Psychographic
Social class Medium and Medium High
Personality Jovial, dynamic and enthusiastic
13. Prepared by the authors, own research source.
14.
15. Table 23
16. Behavioral Segmentation
Behavioral
Benefit comfort and protection to the feet
Purchase Frequency 1- 4 times per year
17. Prepared by the authors, own research source.
Table 24
Ages
Valid Accumulated
Frequency Percentage percentage percentage
Valid 20- 30 years 207 84,8 85,2 85,2
31- 40 years 11 4,5 4,5 89,7
41 - 50 years 25 10,2 10,3 100,0
Analysis:
As seen in the graph, the highest percentage of age is in the range of 20 to 39 years,
represented by a percentage of 84, 80%, which are young people, followed by people
between a range of 41 50 years old with 10.20% and with little difference people
Table 25
Sex
Graphic
Analysis:
It can be seen that 57% of the people surveyed correspond to the female gender and the
other 42.6% correspond to the male gender. This means that their main interest is
among women in Buestan footwear.
TABLE 26
1.-When do you prefer to purchase footwear?
Valid Accumulated
Frequency Percentage percentage percentage
Valid 1 ,4 ,4 ,4
Foreign Brand 105 41,8 41,8 43,4
National Brand 139 56,6 56,6 100,0
Total 244 100,0 100,0
Table 26: SPSS research work
Prepared by: Authors of the research
ANALYSIS:
It can be seen in the table that 56.60% of the people surveyed have a preference for the
national brand of footwear, while 41.80% prefer a foreign brand.
TABLE 27
2.- What type of footwear do you use?
Analysis:
It can be seen that of the people surveyed, 90.6% use casual shoes, on the other hand,
TABLE 28
3.-How often do you buy shoes?
Percentag Accumulated
Frequency e Valid percentage percentage
Every 3
57 23,4 23,4 25,0
months
Every 6
93 38,1 38,1 63,1
months
Every year 94 38,5 38,5 100,0
Total 244 100,0 100,0
Table 28: SPSS research work
Prepared by: Authors of the research
Analysis:
It can be seen that of the people surveyed, 38.5% have mentioned that they purchase
footwear on an annual average, on the other hand, 38.1% do so every 6 months and
finally 23.4% purchase them every 3 months.
TABLE 29
4.- When you are going to buy footwear, for which of these reasons do you buy it?
Percentag Accumulated
Frequency e Valid percentage percentage
Valid 1 ,4 ,4 ,4
Brand 1 ,4 ,4 ,8
Quality 17 7,0 7,0 7,8
Comfort 64 26,2 26,2 34,0
Design 43 17,6 17,6 51,6
Durability 56 23,0 23,0 74,6
Exclusivene
7 2,9 2,9 77,5
ss
Brand 19 7,8 7,8 85,2
Fashion 12 4,9 4,9 90,2
High price 1 ,4 ,4 90,6
Low price 23 9,4 9,4 100,0
Total 244 100,0 100,0
Table 29: SPSS research work
Prepared by: Authors of the research
Analysis:
It can be seen in the table that 26.2% of the people surveyed purchase footwear for
comfort, 23% for durability, 17.6% for its design and less than 10% purchase it for
other variables.
TABLE 30
5.-What brand would you choose when buying footwear?
Percentag Accumulated
Frequency e Valid percentage percentage
Coat 54 22,1 22,1 28,7
Buestan 63 25,8 25,8 48,4
Bunki 21 8,6 8,6 57,0
fallow
21 8,6 8,6 65,6
deer
Ponti 62 25,4 25,4 91,0
Venus 22 9,0 9,0 100,0
Total 244 100,0 100,0
Table 30: SPSS research work
Prepared by: Authors of the research
Analysis:
It can be seen that 25.8% of those surveyed chose the Buestan brand when buying
shoes, on the other hand, 25.4% chose the Ponti brand, 22.1% the Bata brand and less
TABLE 31
6. Do you buy the Buestan footwear brand?
Percentag Accumulated
Frequency e Valid percentage percentage
Yeah 147 60 60 62,3
No 97 40 40 99,2
Total 244 100,0 100,0
Table 31: SPSS research work
Prepared by: Authors of the research
Analysis:
It can be seen that 60% of those surveyed do buy the Buestan brand, while the
remaining 40% do not purchase it.
TABLE 32
7. What do you think Calzado Buestan needs to meet the expectations of its customers?
Valid Accumulated
Frequency Percentage percentage percentage
Improve communication
1 ,4 ,4 4,1
channels
Product quality 52 21,3 21,3 25,4
Excellent customer
20 8,2 8,2 33,6
service
Improve communication
102 4,8 4,8 75,8
channels
Affordable prices 70 28,7 28,7 100,0
Total 244 100,0 100,0
Analysis:
It can be seen that 28.7% of the people surveyed point out that Buestan should have
affordable prices on their roads, on the other hand, 21.3% point out product quality and
TABLE 33
8. Would you recommend other people to purchase Buestan footwear products?
Percentag Accumulated
Frequency e Valid percentage percentage
No 50 20,5 20,5 23,8
Yeah 194 79,5 79,5 100,0
Total 244 100,0 100,0
Table 33: SPSS research work
Prepared by: Authors of the research
Analysis:
It can be seen that 79.5% of those surveyed would recommend the Buestan brand, while
TABLE 34
9.What type of promotions would you like to have when purchasing footwear?
Valid Accumulated
Frequency Percentage percentage percentage
Coupons 13 5,3 5,3 7,3
Discounts 193 79,1 79,1 84,8
Gifts 38 15,6 15,6 100,0
Total 244 100,0 100,0
Analysis:
It is observed that 79.1% of those surveyed would like to acquire discounts as a promotion for
purchasing their footwear, the other 15.6% indicated that they would like gifts and 5.3% that
TABLE 35
10. Through what media would you like the different footwear brands to be made
known?
Percentag Accumulated
Frequency e Valid percentage percentage
Catalogs 43 17,6 17,6 21,3
Radio 3 1,2 1,2 20,5
Social networks 148 60,6 60,6 81,6
Television 47 19,3 19,3 98,8
Billboards 3 1,2 1,2 100,0
Total 244 100,0 100,0
Table 30: SPSS research work
Prepared by: Authors of the research
Analysis:
It is observed that 60.6% of the people surveyed would like to find out about footwear
brands through social networks, 19.3% on television, 17.6% in catalogs and 1.2%
TABLE 36
11.Where would you prefer to buy shoes?
Analysis:
It is observed that 45.9% of the people surveyed prefer to buy footwear in shopping
CROSS TABLES
TABLE 37
Cross table AGE*2. What type of footwear do you use?
Analysis :
According to the surveys carried out on the relationship between age and the type of
footwear used, 84.6% of the total sample, most of whom are between 20 and 30 years
TABLE 38
Cross table GENDER*2. What type of footwear do you use?
Analysis :
According to the surveys carried out on the relationship between sex and the type of
footwear used, 58.2% of the total sample, most of whom are female, affirm that they use
casual footwear.
TABLE 39
Cross table AGE*5. What brand would you choose when buying footwear?
Analysis :
According to the surveys carried out on the relationship between age and the brand that
would be chosen when buying footwear, 23.46% of the total sample, most of whom are
Conclusion
Once the survey has been done and the corresponding analysis has been carried
out, we can say that the target or objective market that the Buestan company should
focus on in the Rumiñahui Canton is young people between the age range of 20 to 30
years, with causal type shoes being the most used by the people who were taken as a
sample.
On the other hand, 28.5% of the population investigated uses the Buestan brand, the
vast majority being women who purchase it every year since the variables that
consumers take into account when purchasing footwear among the most important are:
Durability, Quality and Prices low being the way to attract customers should be through
social networks which would help to have a good positioning of the brand in that place.
There are many factors to determine the quantity that consumers wish to
purchase of goods in a given time, that is, tastes and preferences, income and prices of
goods in competition and, above all, the price of the specific goods they wish to
This analysis aims to measure the volume of footwear products that consumers
are able to purchase from the Buestan company according to their income. This demand
is associated with price stability, sales conditions, etc. and is projected according to the
demand obtained from the desired one. The footwear sector in our country represents an
important commercialization in the footwear industry such as: Bunki Venus, Ponti,
Bata, Gamos and Red Wing, however these companies market footwear that does not
Table 40
Trade Balance of the Footwear Industry
Table 25
National Footwear Production
YEAR NATIONAL
PRODUCTION
2014 $ 151.116,41
2015 $ 136.732,38
2016 $ 181.348,29
2017 $ 172.718,01
2018 $ 160.572,37
TOTAL $ 802.487,46
Prepared by the authors, Source: web portal of the National Institute of Statistics and Censuses.
Table 26
Apparent Consumption - Demand
The methodology that we are going to use to project demand is the global growth rate
causal model.
TGC :
√
n−1 VU
VI
1∗100
TCG
√
5−1 295.801 , 37
239.727 , 41
−1∗100=5 , 39
In the same way as we did in the demand, in the national market there are
companies with the technological capacity to produce footwear, Buestan has the
appropriate technology which means that this company is capable of producing, so the
Table 23
Footwear production offer
YEAR FOOTWEAR
PRODUCTION
OFFER
2014 308900
2015 312956
2016 336969
2017 346069
2018 365012
TOTAL 1263937
Table 24
Demand Estimation
Projected Demand
Yea
Apparent Projected Offer Unsatisfied demand
r TCG
Consumption
2014 239.727,41
2015 258.021,38
2016 321.870,29
2017 313.560,01
2018 295.801,37
TCG 5,39%
2019 311745,06 308900 -2845,06
2020 328548,12 312956 -15592,12
2021 346256,87 336969 -9287,87
2022 364920,11 346069 -18851,11
2023 384589,3 369012 -15577,30
Prepared by the authors, Source : web portal of the National Institute of Statistics and Censuses.
4.1 Vision
“To be a leader in the market, through professional administration that allows for
4.2 Mission:
extraordinary shopping experience and generating benefits for the entire community”
(Buestán, 2015)
4.3 Principles
Quality
4.4. Values
Honesty in all activities carried out in the company, keeping in mind the
Proposed values
Honesty in all activities carried out in the company, keeping in mind the
4.5. Goals
Strategic objectives are statements that describe the scope, nature, and ideals of an
organization that it intends to achieve in the future; these can be short or medium-long
term. They have to be measurable and at the same time constitute an approximation of
Long term : also known as the company's strategic objectives, which define the
future of the company, are based on specifications, are notably speculative and are
carried out in a minimum period of 3 years and 5 years. The long-term objectives will
Medium term: these are the tactical objectives of the company and are based on the
Short term: they are also called individual objectives since they are those that are to
be achieved within the company, they are those that are carried out in a period of one
year.
Table 29
es
parameter
available resources
T Time (Allocated Time) They must have a specific beginning and end
Goals chart
OBJETIVOS
FACTOR TIEMPO DE
N° EJE FACTOR MEDIBLE ASIGNABLE RECURSOS
ESPECIFICO EJECUCIÓN
Diseñar un programa de
Índice de Tecnológicos, capacitacion enfocado en la
2 Capacitación Atención al cliente satisfacción al Ventas financieros, humanos, 2 años atención del cliente para mantener
cliente materiales un recurso humano que aporte a la
empresa y brinde un mejor servicio
Tecnológicos, Incorporar nueva tecnologia para el
Adquisición de
3 Tecnología # de adquisiciones Gerente, ventas financieros, humanos, 2 años mejoramiento de los procesos de
nueva tecnología
materiales produccion de la empresa
N° de ventas / Tecnológicos,
Aumentar las Incrementar las ventas en el
4 Demanda participación en el Gerente, ventas financieros, humanos, 1 año
ventas mercado actual
mercado materiales
Capacidad de Tecnológicos,
Desarrollar medios de promocion y
6 Publicidad promocion y N° de clientes Gerente, ventas financieros, humanos, 2 años
publicidad para la empresa
publicidad materiales
Strategic objectives
Table 31
No. GOALS
1 Know the market trend that allows the competitiveness of 2019 products
2 Spread the products on the market in the market to achieve positioning in the
and quality.
tactical decision making, which these actions lead the company to achieve a competitive
position within the market. Strategies can be defined as the achievement of the
objectives that the company seeks in a conflictive situation, that is, a constant struggle
Strategy Chart
Table 32g
E1 A customer service training program will be designed to have optimal staff that
competitiveness.
E4 Create programs for advertising and promotion of the company through social
networks or media.
E6 Redesign and enhance the company's website in conjunction with social networks
Source: Authors
Table 33
Estrategias
E1 E2 E3 E4 E5 E6 E7 E8
Objetivos
Alianzas estratégicas
Crear alianzas estrategcs para el beneficio de los X X
clientes
Capacitación
Diseñar un programa de capacitación sobre
aten´con al cliente para tener un recurso X X
hummano que aporte a la empresa y pueda
brindar un mejor servicio
Tecnologia
Incorporar nueva tecnologia para el X X
mejoramiento de los productos de producción
Demanda
X X X
Incrementar las ventas en el nuevo mercado
Nuevos segmentos
Fortalecer el segmento en base a la calidad, X X
precio y buen servicio del producto
Source: Authors
MISSION: “To provide comfortable, healthy and fashionable shoes to the customer, offering an extraordinary shopping experience and generating benefits for the
entire community” (Buestán, 2015)
VISION: “To be a leader in the market, through professional administration that allows sustained and orderly growth” (Buestán, 2015)
F
I
N
A Increase sales by 6%
N
C
I
A
L
C
U
S Maintain customer loyalty Establish competitive prices
T through quality products.
O
in the market
M
E
R
S
P
R Determine an indirect selective
O Innovate in the design distribution channel that allows Spread the product through
C
of each line of footwear. you to offer the product at Analyze market conditions
A mass media.
N strategic points in your target
D
D
E
S Train staff in different areas of the company
C
R
I
P
70
71
5.2. PRODUCT
"The product is a set of attributes that the consumer considers a certain good to have to satisfy his or
her needs or desires. “ (Bonta & Farber, pág. 37)
The Buestan company currently manufactures high-quality footwear, which lends itself to the
construction of models through various components manually, which is a distinctive characteristic of
the production cycle.
5.2.1. Classification
The Buestan company is dedicated to producing footwear for children, women and men, these
products being divided into:
BOARD
PRODUCT GUYS
LINES
CHILDREN School
Casual
Sports
Buestan
Kroks
LADY FLAT
Xchange
GENTLEMAN Schoolboy
Buestan Men's Gala
Moccasin
Casual
Outdoors
Sandals
Industrial Security
Military Footwear
School
Prepared by the authors, Buestan source
5.2.2. Product Attributes
One of the important attributes of the products of the Buestan Ldta company is due to the quality of the
manufacturing processes that have high technology, which help the faster production of all types of
footwear, on the other hand the leather that is used It is of high quality and resistance, demonstrating
the quality of the manufactured product, thus allowing us to give a total guarantee of one year since the
manufacturing processes and raw materials have a use time of approximately one year.
BOARD
PRODUCT ATTRIBUTES
ATTRIBUTES DESCRIPTION
PRICE The prices of each category of footwear
range from 40 to 90 dollars.
BRAND The Buestan brand is very recognized in
Ecuador since it has been in the market
for more than 50 years and is recognized
for the quality of the products.
PACKING The model number and shoe number are
printed and stored in cardboard boxes of
different shapes, which will be red, with
the name of the brand and the product at
the top.
DESIGN There is a variety of designs, whether
they are made of leather, cuerina, in
models such as causal, sports and
industrial.
PRODUCT GUARANTEE The footwear has a one-year warranty
due to the quality material with which it
is made.
COLOR There are a variety of colors according to
the model and presentation of each shoe.
LABEL Through its characteristic, it aims to
generate identification and security for
the Buestan brand.
Prepared by the authors, Buestan source
5.2.3. Product strategies
BOARD
STRATEGY TACTIC
Innovate in the design of each line of footwear. Analyze current trends in different footwear
lines.
The cost-based pricing method consists of adding a profit margin to the total unit cost of the product,
that is:
Costos fijos
Costo total unitario=Costo variable+
Unidades producidas
To the total unit cost thus obtained, the profit margin that the company wishes to generate is added:
This methodology is carried out in order for the Buestan company to obtain an average of products,
however it is necessary to be clear about the production costs and the percentage of profit, since it is a
factor that affects the income and obligations of the company.
The type of channel is indirect, that is, through retailers who bring the final product to consumers.
5.5. Advertising
STRATEGY TACTIC
Improve the design of the website
STRATEGY TACTIC
Establish discounts on seasonal dates such as:
start of class, Christmas, Mother's Day, among
Promote product sales through coupons. others.
References