SWOT Analysis
Strengths
High Quality Products Strong brand image Attractive Packaging Tours to the factory Weaknesses Premium pricing Lower market share
Opportunities
Market development Diversification strategy in their product line Developing of kiosk marketing Change in marketing mix strategies Threats Awareness about health consciousness among the young people. Increased competition Good quality maintenance is a challenge
Strengths-
1. High quality means the raw cocoa beans extracted from the UTZ certified plants from different parts of the world and it is hand wrapped which increases the features of the chocolates.
2. Strong brand image refers to the different ways they are making and promoting their products and engage in sustainable practices has turned Haigh’s very popular.
3.
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Strong brand image refers to the different ways they are making and promoting their products and engage in sustainable practices has turned Haigh’s very popular.
3. The chocolates are bundled in beautiful hand wrapped package that draws customer’s attention.
4. Tours to the factory are available for the public to see the making of chocolate and experience the quality of Haigh’s chocolate.
Weaknesses
1. The chocolates are highly priced compared to the other popular chocolate brands.
2. As they are locally based chocolate firm, so they have a low market share compared to the other international chocolate brands.
Opportunities
1. Haigh’s has a lot of scope to develop their market and go for expansion by increasing their product line and by dong business globally.
2. They can introduce new product lines like coffee, soft toys, skin care products etc to diversify their business.
3. To avoid queues in the stores ‘kiosk marketing’ can be used to help the customers purchase directly without the assistance of the shopkeepers.
4. New addition in the product line, changes in the promotional technique and distribution centers can help Haigh’s to gain more market
Hershey’s and Cadburys are moving towards the premium chocolate market through the acquisition or upmarket launches (Zietsma, 2007). The profit potential present in this sector supported by its 20% annual growth rate make it very attractive for large organizations to come forward and avail this opportunity. There is a low threat of new entrants prevailing in this chocolate industry because of the high capital requirements and expected retaliation by current manufacturers. Current players in the industry also possess some barriers to entry for new entrants by maintaining economies of scales with their large production capacity and keeping their product differentiation with their specialized and novelty chocolate products. Even though there are low switching costs and easy access to distribution channels, but still the brand loyalty of the customers including the Rogers’ Chocolate itself make it harder for new firms to come into the competition.
It focuses on the craft of premium chocolate making from cocoa beans sourced from manors around the globe. Cooking procedures are innovative. Production line groups use fastidious artisan abilities to make chocolates that
The marketing strategy of Haigh’s chocolate has been identified through detailed analysis of the external and the internal environment of the present market conditions and development of the Haigh’s. There has been complete detailed SWOT analysis of the company on the basis of research conducted from several secondary sources. It has been conducted in order to determine the important strategies and the key strengths of the company. Talking about the chocolate sector which has been further segmented into several categories in which Haigh holds the important position and have captures the major chunk of the market. Such markets range from chocolate blocks, bars and other diet varieties like gluten and eggless products. The demand in the chocolate market is also divided on the basis of the geographic location markets like that in Sydney, Melbourne and Adelaide chocolate markets. Other factors affecting demand in the market includes demographic, behavioural and psychographic segmentation.
Wanda, I am sending this E-mail following our conversation about having Jo come to the CLC to provide an in-service to the staff about "Prosthetic Eye."
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