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WIL PROJECT
The Green Growth Case Study
Program: MMPT
Project code: CPL-5559-MMPT-0096-0041R01-V2
Submitted by:
Gagandeep Kaur
JASWINDER SINGH
Riddhi Pravinbhai Joshi
SUKHWINDER KAUR
- C0772352
- C0777279
- C0777664
- C0773742
Submitted to: Khyati Nagar
Submission date: 08/13/2021
Inroduction
( “ C a n o p y Growth Po i s e d To D o m i n a t e T h e C a n a d i a n M a r i j u a n a M a r k e t (NASDAQ:CGC) |S e e k i n g Alpha,” n.d.)
Launching
The Product
The s t e p s to l a u n c h i n g the product:
Meeting users’ needs.
Know the market competitors
Focus on the feedback
Build anticipation by pre-marketing
Know the target marketing
Marketing
Plan
Setting social media marketing goals
Selecting appropriate social media platforms
Developing content
Developing social media content calendar
Leverage social media tools
Monitor and optimize the platforms
(“14
Data-Backed
Cannabis
Marketing
Tips
to
Take
Your
Brand
Higher,”
n.d.)
Marketing
O bjectives
W h a t W e S t a n d F o r
Using selective distribution channels
Increase brand awareness.
Content marketing strategy
chieve First mover advantages like building network size, building switching costs
for its existing medicinal cannabis customers, and shaping consumer preferences.
Achieve a recurring customer base
Leverage influencer marketers
M/O
Marketing Mix
O f f e r i n g a wide r a n g e o f Pr o d u c t s
Us in g on l in e bl og s , w ebs it es , c on t en t ma r k et in g
f o r Promotion.
Conduction t r a d e s h o w s and c on v e n tion s in
dif f er en t Pl a c es a n d pr omot es on l in e s a l es t o
r e a c h a l a r g e number o f c u stom e r s.
Ch an g e ab l e Pricing S t r a t e g y.
Marketing Budget
Evaluating Sales Strategy And The Viability
Of Marketing A Product Or Service In A
Global Market
Primary and Secondary Research
Methods
* Q u e s t i o n e r
* Paper-based p o l l s
* S u r v e y o n t h e i n t e r n e t
i n t e r v i e w
Primary R e s e a r c h
Focus g r o u p s
O b s e r v a t i o n
S u r v e y
Secondary R e s e a r c h
I n t e r n a l i n f o r m a t i o n
E x t e r n a l i n f o r m a t i o n
* Total m a r k e t size
* M a r k e t c h a r a c t e r i s t i c s
* Competitor p r o d u c t s a n d prices
* Competitor promotion al s t r a t e g i e s
* Competitor d i s t r i b u t i o n methods
* The m a r k e t size o f c a n n a b i s
Secondary
Research Outcomes
Customer Relationship
Management
The f o l l o w i n g a r e t h e t op f i v e CRM
s o f t w a r e w h i c h t h e Green G r o w t h Corp.
c an use f o r i t s business:
Baker
Spring big
Web j o i n t
Soros
Pipeline deals
(“Three Reasons Marketers Use CRM Systems fo r Marketing Metrics - Business 2 Community,” n.d.)
Get m o r e l eads
I nc r eas e n u m b e r o f
c u s t o m e r s
I nc r eas e c u s t o m e r
s a t i s f a c t i o n
I nc r eas e sales a n d
r e t u r n o n i n v e s t m e n t
Uses of
CRM
Customer R e l a t i o n s h i p
Management w i l l h e l p
Green G r o w t h Corp. t o
Sales Management Techniques
(“15 Pr o v e n Techniques t o Improve Customer Experience (CX),”
n.d.)
(“Timely Service, Fast Delivery, Time Period, S t o p w a t c h I n Motion, V e c t o r Icon Stock
V e c t o r - I l l u s t r a t i o n o f Flying, Flat: 101526365,” n.d.)
Marketing
Management
Techniques
SEO For Cannabis B r a n d M a r k e t i n g
Website a n d blogs
Social media
C o l l a b o r a t i o n
Bi l l boar d
Human
Resource
Management
Plan
D E T E R M IN E H U M A N
R E S O U R C E N E E D S .
D E T E R M I N E
C O M P E N S A T IO N
D E T E R M IN E R E C R U IT M E N T
S T R A T E G Y
• A P P R A I S E P E R F O R M A N C E
D E V E L O P T R A IN IN G P L A N S
D i f f i c u l t y t o e n s u r e s m o o th
c o m m u n i c a ti o n
D i f f i c u l t y i n developing
s t r o n g social t i e s
D i f f i c u l t t o e s t a b l i s h team
s t r u c t u r e a n d processes
Leadership
Challenges
USAGE OF TECHNOLOGY
ADJUSTING
COMMUNICATION NORMS
PROM OTI N G TEAM COH ESI ON
ESTABLISHING TRUST
PROMOTING GLOBAL
M I N DSET AN D CULTURAL
SENSITIVITY
PROMOTING INDIVIDUAL
DEVELOPM EN T AN D TEAM
PERFORMANCE
Managing
Geographically
Dispersed
Teams
Communication Plan
MODE OF COMMUNICATION CHANNELS OF COMMUNICATION
DIGITA L VIDE O CONF E RE NCE E MA IL S
FREQUENCY OF COMMUNICATION
FORTNIGHTLY
Managing
Customer
Value
G R E E N G R O W T H C O R P O R A T I O N C A N M A N A G E C U S T O M E R
P R O D U C T M A R G I N S B Y
R e g u l a r l y r e p r i c i n g p r o d u c t s
T r y in g t o r e d u c e c u s t o m e r costs by i m p l e m e n t i n g
technology.
I T C A N I M P R O V E C U S T O M E R L I F E T I M E V A L U E B Y
·Offering v a l u e p o i n t s o r d i s c o u n t s f o r e v e r y p u r c h a s e
made.
·Increasing c u s t o m e r s a t is f a c t io n .
I T S H O U L D C A P T U R E A N D U S E C U S T O M E R D A T A
E F F E C T I V E L Y.
Green G r o w t h C o r p o r a t i o n can manage c u s t o m e r impact by
I n c r e a s i n g r e f e r r a l s .
Pursue i n f l u e n t i a l customers.
Increase c u s t o m e r p a r t i c i p a t i o n (Epstein & Yuthas, 2007).
Conclusion
R e c r e a t i o n a l m a r k e t i n g a f t e r l e g a l i z a t i o n is d i f f i c u l t because o f p r o m o t i o n r e s t r i c t i o n s .
Green G r o w t h C o r p o r a t i o n has t h e a b i l i t y t o become p r e m i e r d i s t r i b u t o r o f c o n s u m e r - o r i e n t e d cannabi s p r o d u c t s a n d
i t c a n u t i l i z e t h i s p o t e n t i a l t o become Canada’s p r e m i e r d i s t r i b u t o r o f c o n s u m e r o r i e n t e d cannabi s p r o d u c t s w h e n i t is
l e g a l i z e d i n O n t a r i o f o r c o m m e r c i a l use i n 2018 by u s i n g c o r r e c t m a r k e t i n g techniques.
Di g i t a l m a r k e t i n g w i t h emphasis o n c o n t e n t m a r k e t i n g s h o u l d be t h e m a r k e t i n g s t r a t e g y o f Green G r o w t h Corporation.
A b u l k a m o u n t o f company’s m a r k e t i n g budget s h o u l d be a l l o c a t e d t o c o n t e n t m a r k e t i n g .
I t s h o u l d c o n t i n u o u s l y e v a l u a t e i t s m a r k e t i n g s t r a t e g y u s i n g p r i m a r y r e s e a r c h methods l i k e s u r v e y s a n d secondary
r e s e a r c h methods.
I t s h o u l d p l a n i t s sales management gi vi ng i m p o r t a n c e t o e n h a n c i n g c u s t o m e r experience.
I t s h o u l d p l a n i t s h u m a n r e s o u r c e management a n d c o m m u n i c a t i o n management i n c l u d i n g t h e measures r e q u i r e d t o
manage g e o g r a p h i c a l l y dispersed teams.
I t s h o u l d use Customer r e l a t i o n s h i p management t o o l s t o e v a l u a t e a n d i m p r o v e c u s t o m e r s a t i s f a c t i o n .
Thank You

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How libraries can support authors with open access requirements for UKRI fund...
 

Cpl 5559-mmpt-0096-0041 r01-v2-summer-2021 (1)

  • 1. WIL PROJECT The Green Growth Case Study Program: MMPT Project code: CPL-5559-MMPT-0096-0041R01-V2 Submitted by: Gagandeep Kaur JASWINDER SINGH Riddhi Pravinbhai Joshi SUKHWINDER KAUR - C0772352 - C0777279 - C0777664 - C0773742 Submitted to: Khyati Nagar Submission date: 08/13/2021
  • 2. Inroduction ( “ C a n o p y Growth Po i s e d To D o m i n a t e T h e C a n a d i a n M a r i j u a n a M a r k e t (NASDAQ:CGC) |S e e k i n g Alpha,” n.d.)
  • 3. Launching The Product The s t e p s to l a u n c h i n g the product: Meeting users’ needs. Know the market competitors Focus on the feedback Build anticipation by pre-marketing Know the target marketing
  • 4. Marketing Plan Setting social media marketing goals Selecting appropriate social media platforms Developing content Developing social media content calendar Leverage social media tools Monitor and optimize the platforms (“14 Data-Backed Cannabis Marketing Tips to Take Your Brand Higher,” n.d.)
  • 5. Marketing O bjectives W h a t W e S t a n d F o r Using selective distribution channels Increase brand awareness. Content marketing strategy chieve First mover advantages like building network size, building switching costs for its existing medicinal cannabis customers, and shaping consumer preferences. Achieve a recurring customer base Leverage influencer marketers M/O
  • 6. Marketing Mix O f f e r i n g a wide r a n g e o f Pr o d u c t s Us in g on l in e bl og s , w ebs it es , c on t en t ma r k et in g f o r Promotion. Conduction t r a d e s h o w s and c on v e n tion s in dif f er en t Pl a c es a n d pr omot es on l in e s a l es t o r e a c h a l a r g e number o f c u stom e r s. Ch an g e ab l e Pricing S t r a t e g y.
  • 8. Evaluating Sales Strategy And The Viability Of Marketing A Product Or Service In A Global Market
  • 9. Primary and Secondary Research Methods * Q u e s t i o n e r * Paper-based p o l l s * S u r v e y o n t h e i n t e r n e t i n t e r v i e w Primary R e s e a r c h Focus g r o u p s O b s e r v a t i o n S u r v e y Secondary R e s e a r c h I n t e r n a l i n f o r m a t i o n E x t e r n a l i n f o r m a t i o n * Total m a r k e t size * M a r k e t c h a r a c t e r i s t i c s * Competitor p r o d u c t s a n d prices * Competitor promotion al s t r a t e g i e s * Competitor d i s t r i b u t i o n methods * The m a r k e t size o f c a n n a b i s
  • 11. Customer Relationship Management The f o l l o w i n g a r e t h e t op f i v e CRM s o f t w a r e w h i c h t h e Green G r o w t h Corp. c an use f o r i t s business: Baker Spring big Web j o i n t Soros Pipeline deals (“Three Reasons Marketers Use CRM Systems fo r Marketing Metrics - Business 2 Community,” n.d.)
  • 12. Get m o r e l eads I nc r eas e n u m b e r o f c u s t o m e r s I nc r eas e c u s t o m e r s a t i s f a c t i o n I nc r eas e sales a n d r e t u r n o n i n v e s t m e n t Uses of CRM Customer R e l a t i o n s h i p Management w i l l h e l p Green G r o w t h Corp. t o
  • 13. Sales Management Techniques (“15 Pr o v e n Techniques t o Improve Customer Experience (CX),” n.d.) (“Timely Service, Fast Delivery, Time Period, S t o p w a t c h I n Motion, V e c t o r Icon Stock V e c t o r - I l l u s t r a t i o n o f Flying, Flat: 101526365,” n.d.)
  • 14. Marketing Management Techniques SEO For Cannabis B r a n d M a r k e t i n g Website a n d blogs Social media C o l l a b o r a t i o n Bi l l boar d
  • 15. Human Resource Management Plan D E T E R M IN E H U M A N R E S O U R C E N E E D S . D E T E R M I N E C O M P E N S A T IO N D E T E R M IN E R E C R U IT M E N T S T R A T E G Y • A P P R A I S E P E R F O R M A N C E D E V E L O P T R A IN IN G P L A N S
  • 16. D i f f i c u l t y t o e n s u r e s m o o th c o m m u n i c a ti o n D i f f i c u l t y i n developing s t r o n g social t i e s D i f f i c u l t t o e s t a b l i s h team s t r u c t u r e a n d processes Leadership Challenges
  • 17. USAGE OF TECHNOLOGY ADJUSTING COMMUNICATION NORMS PROM OTI N G TEAM COH ESI ON ESTABLISHING TRUST PROMOTING GLOBAL M I N DSET AN D CULTURAL SENSITIVITY PROMOTING INDIVIDUAL DEVELOPM EN T AN D TEAM PERFORMANCE Managing Geographically Dispersed Teams
  • 18. Communication Plan MODE OF COMMUNICATION CHANNELS OF COMMUNICATION DIGITA L VIDE O CONF E RE NCE E MA IL S FREQUENCY OF COMMUNICATION FORTNIGHTLY
  • 19. Managing Customer Value G R E E N G R O W T H C O R P O R A T I O N C A N M A N A G E C U S T O M E R P R O D U C T M A R G I N S B Y R e g u l a r l y r e p r i c i n g p r o d u c t s T r y in g t o r e d u c e c u s t o m e r costs by i m p l e m e n t i n g technology. I T C A N I M P R O V E C U S T O M E R L I F E T I M E V A L U E B Y ·Offering v a l u e p o i n t s o r d i s c o u n t s f o r e v e r y p u r c h a s e made. ·Increasing c u s t o m e r s a t is f a c t io n . I T S H O U L D C A P T U R E A N D U S E C U S T O M E R D A T A E F F E C T I V E L Y. Green G r o w t h C o r p o r a t i o n can manage c u s t o m e r impact by I n c r e a s i n g r e f e r r a l s . Pursue i n f l u e n t i a l customers. Increase c u s t o m e r p a r t i c i p a t i o n (Epstein & Yuthas, 2007).
  • 20. Conclusion R e c r e a t i o n a l m a r k e t i n g a f t e r l e g a l i z a t i o n is d i f f i c u l t because o f p r o m o t i o n r e s t r i c t i o n s . Green G r o w t h C o r p o r a t i o n has t h e a b i l i t y t o become p r e m i e r d i s t r i b u t o r o f c o n s u m e r - o r i e n t e d cannabi s p r o d u c t s a n d i t c a n u t i l i z e t h i s p o t e n t i a l t o become Canada’s p r e m i e r d i s t r i b u t o r o f c o n s u m e r o r i e n t e d cannabi s p r o d u c t s w h e n i t is l e g a l i z e d i n O n t a r i o f o r c o m m e r c i a l use i n 2018 by u s i n g c o r r e c t m a r k e t i n g techniques. Di g i t a l m a r k e t i n g w i t h emphasis o n c o n t e n t m a r k e t i n g s h o u l d be t h e m a r k e t i n g s t r a t e g y o f Green G r o w t h Corporation. A b u l k a m o u n t o f company’s m a r k e t i n g budget s h o u l d be a l l o c a t e d t o c o n t e n t m a r k e t i n g . I t s h o u l d c o n t i n u o u s l y e v a l u a t e i t s m a r k e t i n g s t r a t e g y u s i n g p r i m a r y r e s e a r c h methods l i k e s u r v e y s a n d secondary r e s e a r c h methods. I t s h o u l d p l a n i t s sales management gi vi ng i m p o r t a n c e t o e n h a n c i n g c u s t o m e r experience. I t s h o u l d p l a n i t s h u m a n r e s o u r c e management a n d c o m m u n i c a t i o n management i n c l u d i n g t h e measures r e q u i r e d t o manage g e o g r a p h i c a l l y dispersed teams. I t s h o u l d use Customer r e l a t i o n s h i p management t o o l s t o e v a l u a t e a n d i m p r o v e c u s t o m e r s a t i s f a c t i o n .