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Transcript
Sahara is a unique business in that its SBU’s change functions during the day. It is better for us to analyse the competition & customers through these changing functions rather than just the SBU’s. Function BAR Customers Competitors RESTAURANT Function Customers Competitors CLUB Function Customers Competitors Day Time Lunch, Drinks, Coffee Business prof, Women, Students Starbucks, Various Pub food outlets Lunch Businees Lunch, Women socialising Various restaurants, sefridges, cafes none none none Early Evening Drinks Business prof, After work drinks City Bars Dinner Bussiness meals, couples, Quality Restaurants none none none Late Evening Drinks Profession als, Socialites Relish + lounge Dinner Couples,bus Quaility iness Restaurants entertaining , Hotels VIP Club, music younger executives, socilites Sugar lounge The above situational analysis gives us a clearer indication of our proposed strategic direction. It is clear from our Marketing Opportunity Analysis that the city centre’s business professional segment is both large, underserved & one that Sahara is well placed to exploit, particularly in creating adding value to the business sector through unique, in-house business facilities. It is also apparent that, although each of our SBU’s face competition from different areas, the venue as a whole has minimal direct competition within the city centre. We believe this gives Sahara a distinct strategic advantage through its unique positioning, & by encircling a number of competitor offerings Sahara has the ability to squeeze market share. It is vital for the differentiation of the business that not only do we serve our segment better than our competitors do, but that the business sector know that we are different & our offer is unique. We can achieve this through the distinctive service we offer & the ability to be positioned away from any potential competitors. The product needs to be both interactive & individual to our segment. THE DIGITAL OPPORTUNITY The offering is ‘new to the world’. Our digital marketing plan will aim to build a community around the offering. We will base the success of this on the level of two-way communication with our target segment when not at the venue. This can be achieved through various means: Interactive two-way dialogue through the website; utilisation of in-house technology & customer motivated mobile communication. We propose a 3 stage process. Stage 1: Web ads/Website – Build a high quality, interactive website – tailored to match Sahara’s brand personality of sophistication & competence. This may easily be replicated by competitors but it will be the integration of the business facilities and the website that is difficult to match. Stage 2: In-house digital marketing/Database build – Wifi, office meeting facilities & online booking will provide strategic advantage. Such a database requires a strong commitment of finances and resources, and as such, may be off putting to competitors and provide long-term market advantage. Stage 3: Two-way interactive marketing, utilising Web, email, & mobile communications/ Customer driven eWOM. – This will form the most important element of the digital opportunity. The customer will take on the role of marketer, through brand advocacy. The key to success lies in understanding customer needs, gained through interaction. The more we know about our customers the more personalised service they receive. W EB AD/ Targeted company promotions / eWOM First exp - Enhance perception Utilise facilities/ Enter database Underst anding Cust omer Needs eWOM/WOM Venue of Choice Advocate Pos t-purchas e evaluation Engage in digital interaction The above chart shows an ideal strategic interaction between the customer & Sahara. As can be seen, when customers’ move through different stages of engagement with the venue there is a consistent element of eWOM/WOM communication with the venue, & perhaps more importantly with other potential customers, thus increasing Sahara’s customer base. Our Online Value Proposition is to develop a differential advantage over our competitors’ offerings, through superior personalised offerings & interactive two-way digital communication.