What is Integrated Marketing Channels (IMC)?

Integrated marketing communications (IMC) refers to integrating and coordinating the company’s many communications channels (Promotional Mix) to deliver a clear, consistent, and compelling message about the organization and its products.
What is the role of the Promotional Mix?

Promotion Mix, or marketing communications mix, refers to the precise blend of promotion tools that the company uses to engage consumers, persuasively communicate customer value, and build customer relationships. There are five major promotion tools:

  1. Advertising is any paid form of non-personal presentation and promotion of ideas, goods, or services by an identified sponsor.
  2. Sales promotion involves short-term incentives to encourage the purchase or sale of a product or service.
  3. Personal selling is personal customer interactions with the firm’s sales force for the purpose of making sales and building customer relationships.
  4. Public relations refers to building good relationships with the company’s various publics by obtaining favorable publicity, building up a good corporate image, and handling or heading off unfavorable rumors, stories, and events.
  5. Direct and digital marketing involves engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.

IMC is Evolving, Why?

  1. In this digital, wireless world, consumers are better informed and more Communications empowered. Rather than relying on marketer-supplied information, they can use the Internet, social media, and other technologies to find information on their own.
  2. Marketers are developing focused marketing strategies designed to build closer relationships with customers in more narrowly defined “target markets.”
  3. Advances in digital technology are causing remarkable changes in the ways companies and customers communicate with each other.

Learning Objectives
Upon completion of the course, students will be able to:

  • Explain the development of an advertising campaign
  • Apply advertising strategies to real-world examples
  • Analyze when and how advertising and PR should be a part of a marketing campaign
  • Create a marketing strategy to address the needs and wants of a target market

Module Reading and Resources

TextbookMarketing: An Introduction, Chapter 12
This chapter will provide an overview on how companies use advertising and PR as part of their larger marketing strategy
Access this resource by going to the MyMarketingLab area under the course Table of Contents menu.
Presentation: Marketing Concept Glossary V
Module-related marketing concepts and terms are presented. Visit the glossary for a quick review of the key terms from this week. You can also look up words in the glossary found along the left-hand navigation bar.
Video: Ad Campaign
This video illustrates the process for developing an ad campaign. Transcript available here.

Assignment Calendar

Overview

Integrated marketing communication is a key phrase used in the marketing field. It describes a strategy that incorporates many promotional elements into a larger communication strategy. It may include advertising, personal selling, digital and social media marketing, sales promotions, and public relations. One characteristic of a promotion that is part of an integrated marketing campaign is that the message in that promotion is aligned with other promotions across other platforms. Regardless of how someone encounters the brand, the look, feel, and message will be consistent. It is important for marketing communications to be integrated, because consumers are inundated with many messages or “noise” from so many different media, and different consumers respond to different media types. The noise that an ad has to overcome can be substantial. Noise can be other promotions or other distractions in a customer’s life that prevents the customer from receiving the intended message.

Figure 5.1: Diagram of Marketing Communication (Stafford, 2013)

The first element that companies need to consider when developing a promotional objective is the overall objective of the campaign. This will help to determine whether advertising, PR, or another promotional strategy is the best fit for a given campaign. If advertising is a good fit for the campaign objectives, the company then goes through a series of steps to develop and launch the advertising campaign.

The video Ad Campaign goes through the main steps in developing an advertising campaign:

  1. Setting the objective
  2. Determining the budget
  3. Identifying the messaging
  4. Choosing the media

When choosing media, there is much to consider. Table 5.2 from the text (Armstrong & Kotler, 2015, p. 388), presented below, outlines the advantages and limitations of the major media types. Each media type has very clear pros and cons, and one of the important challenges for marketers is to sort through all of the information available and make the best possible decision based on the product and the budget.

Table 5.2: Profiles of Major Media Types (Table 12.2 from Marketing: An Introduction)

Advertising and public relations (PR), that is, the management of information about an organization and the public, are two important components of a promotional strategy. There was a period in marketing history when PR was viewed as a separate marketing activity. For example, advertising agencies created Super Bowl ads and marketing campaigns, whereas PR agencies dealt with company disasters and communication failures and helped CEOs access important publications. As integrated marketing communication has become the more common way to approach marketing, PR is back into the marketing fold. A strong PR strategy can help a company build its brand, position its leaders as trusted experts in the field, and go a long way to minimize the damage when there is a corporate crisis. In addition, with the rise of social media, PR has become even more important as a “customer-facing” function responding in real time to customer comments and concerns.

PR is a discipline focused on communication. PR professionals send out press releases to announce a new product or initiative by a company, work with journalists to ensure that company leaders are quoted in articles, and organize events that are centered on a cause. When a company successfully integrates PR into its marketing campaign, this communication is elevated with an increased focus on brand-building and promotion, rather than straight communication. The rise of content marketing has also put PR back into the spotlight. Content marketing is the section of marketing focused on creating unique content that the company can then distribute through its blogs, social media channels, email lists, and more. As this falls in the “communication” piece of marketing, it often falls to the PR department. A strong PR campaign is focused on customer and prospect engagement. When used strategically, PR is an important and powerful piece of an integrated marketing campaign.

Now, take a minute to review this week’s glossary.

References

Armstrong, G., & Kotler, P. (2015). Marketing: An introduction (12th ed.). Upper Saddle River, NJ: Prentice Hall.

Stafford, A. (2013, March 5). Diagram 1: A basic communication model showing the sender, message, and receiver [Image]. Marketing Communications Blog. Retrieved from http://www.marketingcommunicationsblog.com/communication-model/

Complete the assignment as follows:

Case Analysis, Marketing Analysis

Complete the following three marketing analytics problems addressing demand versus pricing and regression analyses.

1. The file Oreos.xlsx gives daily sales of Oreos at a supermarket and whether Oreos were placed 7” from the floor, 6” from the floor, or 5” from the floor. How does shelf position influence Oreo sales?

2. The file Printers.xlsx contains daily sales volume (in dollars) of laser printers, printer cartridges, and school supplies. Find and interpret the correlations between these quantities.

3. You want to determine the correct price for a new weekly magazine. The variable cost of printing and distributing a copy of the magazine is $0.50. You are thinking of charging from $0.50 through $1.30 per copy. The estimated weekly sales of the magazine are shown in the following table. What price should you charge for the magazine?
Price Demand (in Millions)
$0.50        2
$0.90        1.2Complete the following three marketing analytics problems addressing demand versus pricing and regression analyses.

1. The file Oreos.xlsx gives daily sales of Oreos at a supermarket and whether Oreos were placed 7” from the floor, 6” from the floor, or 5” from the floor. How does shelf position influence Oreo sales?

2. The file Printers.xlsx contains daily sales volume (in dollars) of laser printers, printer cartridges, and school supplies. Find and interpret the correlations between these quantities.

3. You want to determine the correct price for a new weekly magazine. The variable cost of printing and distributing a copy of the magazine is $0.50. You are thinking of charging from $0.50 through $1.30 per copy. The estimated weekly sales of the magazine are shown in the following table. What price should you charge for the magazine?
Price Demand (in Millions)
$0.50        2
$0.90        1.2

Explain how companies use popular social media channels for marketing

  • Explain how companies use popular social media channels for marketing
  • Identify ways that companies can integrate social media into their marketing campaigns
  • Describe the most popular social media channels used for business purposes

Module Reading and Resources

TextbookMarketing: An Introduction, Chapter 14
This chapter will provide an overview of how companies use online, social, and mobile marketing.

Access this resource by going to the MyMarketingLab area under the course Table of Contents menu.

Presentation: Marketing Concept Glossary VI
Module-related marketing concepts and terms are presented. Visit the glossary for a quick review of the key terms from this week. You can also look up words in the glossary found along the left-hand navigation bar.

Video: Social Media
This video illustrates the pet store’s and a competitor’s use of social media. Transcript available here.

Assignment Calendar
Assignment Calendar Module Six

Module Overview

Social media is still referred to as a new or untraditional marketing activity; however, it has not just exhibited staying power but significant growth. It has earned its place as an important and unavoidable piece of a marketing strategy. Many companies that cannot afford to advertise on national TV or to run expensive ads in glossy print magazines can have a “free” Facebook page, a Twitter account, or LinkedIn page.

Social media has brought new questions to companies and marketers alike. Some have to do with the growing pains of a new and instantaneous communications format:

  • How should companies use social media?
  • How is the return on investment (ROI) of a social media campaign determined?
  • What about paid promotions on social media?
  • Some questions are specific to the company:
    • What sites are the right fit for the company?
    • How much of an investment (time or money) should go into social media?
    • Is the company prepared (e.g., with staff, time, and other resources) to respond to customers who reach out via social media?
    • How does social media fit into the larger marketing strategy?

Similar to traditional advertising, social media needs to be informed by strategy. A company needs to evaluate what its marketing strategy is and what its objectives are. The company then needs to decide whether social media aligns with those objectives. Social media is dynamic, so it is not enough for a company to simply have a Facebook page or Instagram account. If those sites are not nurtured and updated, they can be more harmful to a company’s brand than if the company had no social media presence.

The list of social networking sites is growing; when examined in terms of usage and longevity, there are clear leaders (Table 6.1):

  • Explain how companies use popular social media channels for marketing
  • Identify ways that companies can integrate social media into their marketing campaigns
  • Describe the most popular social media channels used for business purposes

Module Reading and Resources

TextbookMarketing: An Introduction, Chapter 14
This chapter will provide an overview of how companies use online, social, and mobile marketing.

Access this resource by going to the MyMarketingLab area under the course Table of Contents menu.

Presentation: Marketing Concept Glossary VI
Module-related marketing concepts and terms are presented. Visit the glossary for a quick review of the key terms from this week. You can also look up words in the glossary found along the left-hand navigation bar.

Video: Social Media
This video illustrates the pet store’s and a competitor’s use of social media. Transcript available here.

Assignment Calendar
Assignment Calendar Module Six

Module Overview

Social media is still referred to as a new or untraditional marketing activity; however, it has not just exhibited staying power but significant growth. It has earned its place as an important and unavoidable piece of a marketing strategy. Many companies that cannot afford to advertise on national TV or to run expensive ads in glossy print magazines can have a “free” Facebook page, a Twitter account, or LinkedIn page.

Social media has brought new questions to companies and marketers alike. Some have to do with the growing pains of a new and instantaneous communications format:

  • How should companies use social media?
  • How is the return on investment (ROI) of a social media campaign determined?
  • What about paid promotions on social media?
  • Some questions are specific to the company:
    • What sites are the right fit for the company?
    • How much of an investment (time or money) should go into social media?
    • Is the company prepared (e.g., with staff, time, and other resources) to respond to customers who reach out via social media?
    • How does social media fit into the larger marketing strategy?

Similar to traditional advertising, social media needs to be informed by strategy. A company needs to evaluate what its marketing strategy is and what its objectives are. The company then needs to decide whether social media aligns with those objectives. Social media is dynamic, so it is not enough for a company to simply have a Facebook page or Instagram account. If those sites are not nurtured and updated, they can be more harmful to a company’s brand than if the company had no social media presence.

The list of social networking sites is growing; when examined in terms of usage and longevity, there are clear leaders (Table 6.1):

Entertainment Marketing And Communication

1. Most sports marketers avoid explicit brand promises because they:

a. are difficult to fulfill

b. cannot control how the team plays

c. are not effective in retaining customers

d. believe implied promises are more important

2. Brand building:

a. involves developing a promise that will create customer relationships

b. is strategies devised to capitalize on aspects of a brand to develop product offerings that add value for customers and drive business growth

c. entails decisions such as selecting a brand name and designing marks associated with the brand, such as a logo and colors

d. is made up of associations that a marketer aspires to project or communicate to its target market

3. When the Women’s NBA located a team in Phoenix, they wanted a name that would illustrate ________, so they chose the name Mercury. The NBA team has the name of Suns.

a. trendiness

b. recognizability

c. fit d. contrast

4. The following questions should be asked when designing or evaluating a current logo EXCEPT:

a. Is it distinctive?

b. Is it relevant?

c. Is it enduring?

d. Is it currently recognizable?

5. Which of the following statements is least likely true regarding the decision to keep or change a brand identity when relocating to a new market?

a. Retaining the current brand is less costly than establishing a new one.

b. A brand with high familarity should be considered for retention.

c. When a team needs a fresh start, retaining the current brand makes it easier to gain new fans.

d. Brand names that are general and applicable in the new market are appropriate to retain.

6. For sports brands with low awareness, ________ can be an instrument in building higher awareness:

a. brand marks

b. media coverage

c. brand equity

d. sponsorships

7. Benefits of brand extensions include the following EXCEPT:

a. meeting competitors’ offers

b. expanding customer base

c. preventing market share erosion

d. energizing a brand

8. Criteria for selecting CSR programs include the following EXCEPT:

a. issues that matter to the brand’s target market

b. brand positioning strategy decisions

c. methodologies used to connect the brand to an issue

d. activation programs

Discuss Self Assessment And Reflection

Self-awareness is essential for developing management and leadership skills. Recognizing your own strengths, weaknesses, and values, and understanding emotional intelligence and learning styles can help you to be a more effective leader. Becoming self-aware is an ongoing process requiring introspection. The more often people practice self-reflection, the more opportunities they have to understand their own behaviors and adapt their approaches to working with other people, which can improve both your own and other’s abilities to meet their professional goals.

For the Module 2 assignment, you have the opportunity to take a variety of self-assessments to learn more about yourself and identify your assets and weaknesses as a leader. This will assist you in discovering how you can improve your own self-leadership skills. You will be asked to think critically about your results and submit a reflection as directed below.

The Module 2 assignment is only the beginning of a self-reflective process you are asked to undertake in this course. You should continue to think about your self-leadership skills as you progress through the readings and assignments. You will be asked to refer back to your self-assessment results and reflection when you compose your Leadership Philosophy statement, which is due later in Module 6. The Module 6 assignment will ask you to build on the reflection written in Module 2 in order to clearly articulate your values and leadership qualities and how they form the basis for effectively leading others and your organization.

Refer to “MGT-605 Self-Assessment Links” (attached in the Topic Material). Complete at least one test from each of the first four categories andboth of the Diversity Tolerance assessments:

  1. Emotional Intelligence
  2. Personality Test
  3. Learning Styles
  4. Values Survey
  5. Diversity Tolerance

Be sure to document the results of each assessment to assist you in completing the reflection portion of the assignment below.

Self-Assessment Reflection

After completing the self-assessments, write a 1,000-1,250 word reflection in which you discuss the following:

  1. Describe the importance of self-awareness, self-concept, and emotional intelligence and the role they play in enabling effective leadership.
  2. Briefly summarize the results of each of the six tests you completed. In general, do you believe the results represent who you are? Explain.
  3. What insights have you gained about yourself after taking the assessments? How could this knowledge influence your values, attitude towards others, and how you approach new tasks in the workplace?
  4. Explain the significance of the self-assessment results in relation to your individual behavior, your behavior within groups, and within organizations. What have you learned about your ability to manage others within the workplace? What have you learned about what it takes to manage yourself or how you respond to the management tactics of others within the workplace?

Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

Discuss on Leadership & Management

Question Score: 0 of 1 pt      Test Score: 50% (10 of 20 pts)
Messler’s claim rests on which of the following assumptions?
(a) Social structures are privately owned
(b) Social structures are well-known entities
(c) Social structure are geographically divided
(d) Social structures partake in trade
(e) Social structures are not-for-profit
Question Score: 0 of 1 pt      Test Score: 50% (10 of 20 pts)
Diego works for the Human Resources department of a large virtual organization. On an average day, Diego spends two hours responding to important e-mails and social networking references. This best illustrates which of the following challenges to working in a virtual world?
(a) Information overload
(b) Knowledge management
(c) Carbon footprint
(d) Technology overload
(e) 24/7 virtual work world

Question Score: 0 of 1 pt      Test Score: 50% (10 of 20 pts)
The manager of a publishing company has learned of innovative software that will aid with editing documents. However, the software is difficult to use and her employees do not want use the software, this best demonstrates which of the following principles?
(a) Organizational performance directly links to the interaction of social and technical factors
(b) Optimization of technical elements alone can lead to less effective performance
(c) Increased pay and benefits may not lead to an acceptance of technological advancements
(d) Technological changes can lead to an increase in the bureaucratic structure of an organization
(e) Optimization of social elements alone increases unpredictability of relationships
Question Score: 0 of 1 pt      Test Score: 50% (10 of 20 pts)
How are virtual teams similar to virtual organizations?
(a) Neither agrees on a set standard of norms
(b) Neither utilizes communication technologies
(c) Both consist of employees who work from different destinations
(d) Both are only project based
(e) Neither use software portals to share information

 

Question Score: 1 of 1 pt      Test Score: 50% (10 of 20 pts)
A travel agent wants to meet client needs in a more efficient and effective manner. The agent decides to create a network where hotel chains, airlines, and car rental businesses can all put their information. This best demonstrates which of the following models of a virtual organization?
(a) Auction sites
(b) Destinations sites
(c) Virtual face
(d) Traffic control sites
(e) Business portals
Question Score: 0 of 1 pt      Test Score: 50% (10 of 20 pts)
Which of the following scenarios illustrates a mastery of the competencies necessary for work in the modern business environment?
(a) A business supply company plans to address a competitor’s new product in a meeting a few months from now
(b) A team leader has found that she would prefer to do much of the work assigned to her team by herself
(c) When participating in a teleconference, one team member closes any distracting Web applications
(d) While the team leader is away for a leadership meeting, two team members decrease their productivity
(e) A manager has responded to a minor conflict in his department by disciplining everyone involved

Question Score: 1 of 1 pt      Test Score: 50% (10 of 20 pts)
Communications such as wikis and blogs that allow users to share documents with ease are known as which of the following?
(a) Groupware
(b) E-mail
(c) Text messages
(d) Teleconferences
(e) Emoticons

Costa’s Search Engine Marketing Report

Scenario Information

Your small marketing consulting firm was recently hired by Costa’s Customs. Costa’s Customs is a clothing retail company considering a complete rebranding, as their current reputation is dated and no longer appealing to desired market segments. In the past, Costa’s Customs experimented with digital marketing initiatives but the campaign had been poorly thought out and poorly implemented. The previous campaign had very little engagement and was a failure that turned management off from online marketing channels completely. Costa’s Customs’ current marketing strategy ignores all forms of digital marketing. They’ve come to your company for advice and recommendations for improving their marketing efforts. Your administrator has put together some preliminary research on Costa’s Customs’ background for you to look over. Click on the link below and read through it in order to familiarize yourself with the business.

Costa’s Customs’ Company Profile

Your administrator lets you know that Costa’s goals are to grow online clothing sales by 50% within 6 months and traffic to their website’s blog by 100% in 18 months.

Instructions

In your first weeks of reviewing Google Analytics for the company’s website, you have noticed that the website gets very little in the way of search engine traffic. You approach your administrator with this information, and she has asked you for a report detailing:

  • Summarize organic and paid-search-engine-related marketing and include an analysis of the strengths and weaknesses of each method, focusing on the Google search engine.
  • Introduce the topics of paid and organic search through an executive summary focused on historical context and current best practices.
  • Hypothesize on how both paid and organic search could be used by Costa’s and what results might happen if campaigns were created.
  • Create your own sample Adwords text ad and meta title and description for a page showing in organic search with a justification for creative direction of each.
    • Adwords title limit is 30 characters and 80 characters for description.
    • Search result limit is 60 characters for title and 160 characters for description.
    • All of these character limits include spaces.
    • Paid and organic search example
  • Conclude your report.
    • Why is it important to pursue both paid and organic search campaigns?
    • How are each approaches different in terms of speed at which they work and costs short and long-term?

Evaluate The Various Stages Of Development

 

What milestones do you think would have been appropriate for Amazon.com to establish for itself to help evaluate the merits of the venture and to attract outside funding?

How would you characterize the various stages of development that the Company has gone through up to this point? How do you distinguish among the various stages?

1. What stages of financing has the Company gone through? How do the financing

stages correspond to the milestones you identified in question 1, and the

development stages in question 2?

2. How has the valuation of the Company changed over time? What roles do the special terms play in the venture capital financing and in the private debt issue?

3. Consider the IPO in the summer of 1997. Why do you think Amazon.com decided to do a public offering at that time? Why do you think investors were receptive to the offering?

4. In general terms, what do you think of the price of Amazon.com stock as of July 1998? What sorts of product market performance will the Company need to achieve to justify the price? Can you think of any reasons for the rapid increase in price beginning in June of 1998?

 

What milestones do you think would have been appropriate for Amazon.com to establish for itself to help evaluate the merits of the venture and to attract outside funding?

How would you characterize the various stages of development that the Company has gone through up to this point? How do you distinguish among the various stages?

1. What stages of financing has the Company gone through? How do the financing

stages correspond to the milestones you identified in question 1, and the

development stages in question 2?

2. How has the valuation of the Company changed over time? What roles do the special terms play in the venture capital financing and in the private debt issue?

3. Consider the IPO in the summer of 1997. Why do you think Amazon.com decided to do a public offering at that time? Why do you think investors were receptive to the offering?

4. In general terms, what do you think of the price of Amazon.com stock as of July 1998? What sorts of product market performance will the Company need to achieve to justify the price? Can you think of any reasons for the rapid increase in price beginning in June of 1998?

Initial Strategy Report

Part 1 of the paper includes:

Business definition: Who do you want to serve and why? Be sure to include

customers/segments to be targeted and customer needs satisfied. What is the rationale

for these choices (e.g., segment attractiveness, market gaps, fit with resources,

synergies)?

Part 2 Includes:

Competitive advantage: What competitors will you compete against and how?

The first two part of this need to be completed.  Please get back to me no later than tomorrow at 3:00pm EST.

2-3 pages please typed

I’ve attached the case to this question as

Part 1 of the paper includes:

Business definition: Who do you want to serve and why? Be sure to include

customers/segments to be targeted and customer needs satisfied. What is the rationale

for these choices (e.g., segment attractiveness, market gaps, fit with resources,

synergies)?

Part 2 Includes:

Competitive advantage: What competitors will you compete against and how?

The first two part of this need to be completed.  Please get back to me no later than tomorrow at 3:00pm EST.

2-3 pages please typed

I’ve attached the case to this question as

Marketing Management.

  INITIAL QUESTION: 

A friend has approached you with a business idea. She asks for your assistance with figuring out who might be willing to shop at the new business. The Bark and Brew is a coffee/tea shop similar to a Starbucks; however, there is a twist: dogs are welcome. The plan is to carry products that will cater to dogs as well as humans, including drinks and snacks. The intent is not compete with pet stores but to compete with coffee shops. Based on this business idea, consider how you would use marketing research and competitive analysis to assist your friend in determining its viability. 

In the determination of opening the Bark and Brew Café, you decide to complete a competitor analysis. Would you use a product form or a product category competition analysis? Why? What would be the source of your information?

RESPONSE:

This business idea is unique in its purpose as well as the competitors it is targeting. For this business venture, I think that there are not going to be many historical information sources to learn from. To start, there is some information that would be needed. As the text states, the standard approach is to do six things; define the problem, determine information needs, what type of study, data collection, data analysis and conclusions and lastly reporting  (Winer & Dhar, 2011). After determining this, it will be important to determine the source of information for the research. Personally, I feel as if the product category competition analysis would be more effective. I feel this way because I do not think that the product itself is what positions this business. The differentiation is not with the product that is being offered but more with the service and the experience that the business provides. For example, Starbucks is known for its tremendous brand awareness and it is functional for someone who wants to get in and out with their coffee as quickly as possible or to stay and link to the free WIFI and work or do whatever they please. This makes Starbucks appealing to its customers. They are also known for their variety of flavors.

Bark and Brew is a competitor to coffee shops over pet stores due to the product portfolios. As stated, Bark and Brew is a coffee shop that also serves snacks and drinks for pets. Pet stores sell the more traditional products such as pet food, toys, medicine accessories etc. With all this said, that does not mean that Bark and Brew can serve sub-par coffee products to people just because they allow dogs to come in. I think for the business to be successful; it will need to draw a correlation (if one exists) between pet owners and coffee drinkers. Bark and Brew will need to determine the sources for the product category competition analysis. Three good sources of competitive analysis are the competitor’s website, the human network and the competitor’s digital network (Shenoy, 2011). A lot of information is right there in front of you for the most part and can be found on the competitor’s website. Information such as who they target, their mission and vision statement, product line etc. The human network can really mean a lot of things, Shenoy makes mention of interviewing a former employee of the competitor to see what you can learn about the business (Shenoy, 2011). Digital networks can be anything from the Facebook page of the competitor or the Twitter account all the way to independent online blogs. Another source of information can be 3PL providers utilized by the competition. These companies are competitive just like anyone else and will generally talk unless they are unable due to contractual reasons.

In addition to having all the aforementioned information; I think that it is important to make that correlation between the two pieces of the value proposition that brings the business idea full circle; coffee drinkers and dog owners. I think that surveys are a great way to gain information. The entrepreneurial friend in this situation could solicit information from dog owners in dog parks as well as solicit survey participants outside of coffee establishments, especially in something like a mall setting where people are more likely to not be in a hurry. In my opinion, it needs to be understood that the target consumer is likely a small pool of people. The service is very targeted to a specific consumer. For example, a coffee shop targets coffee drinkers, whether they are pet owners or not is irrelevant. Bark and Brew is attempting to penetrate that consumer pool even further. I am concerned with limitations to the growth of the business as there is the possibility that people who do not own dogs may not want to be in a coffee shop full of dogs. Being that Bark and Brew has decided to compete with coffee shops, this creates a barrier to being able to capitalize on the consumer pool. I do feel like this is a unique idea and depending on the goal of the business and its overall strategy, providing this service may be more aligned with fulfilling a passion by the owner that also provides a source of income. I think the potential is there, but I think that they will be limited to how large they can grow.

Works Cited

Shenoy, G. (2011, February 26). 3 sources for competitive anaylsis. Retrieved from www.productmanagementtips.com: https://productmanagementtips.com/2011/02/26/competitive-analysis-sources/

Winer, R. S., & Dhar, R. (2011). Marketing Management. Upper Saddle River, New Jersey: Pearson Education Inc. Retrieved 08 29, 2019