1) Sales of the popular Vegemite product in Australia had been declining, so the company conducted social media research and launched a smoother, milder version called iSnack 2.0 with cheese.
2) They received over 300,000 submissions for how people eat Vegemite and saw a 5% increase in sales of the new product in its first two months.
3) However, when they tried to rename iSnack 2.0 to "Cheesymite," it caused a negative reaction on social media and hurt the brand, so they faced a problem of how to increase market acceptance for the new name without cannibalizing the original Vegemite product.
Consumer Behaviour Case study - i-Snack 2.0felicitydawes
Kraft developed a new Vegemite-flavored spread called iSnack 2.0, which received huge public backlash in Australia for its perceived un-Australian name. Although sales were still good, Kraft allowed the public to vote on a new name, ultimately selecting "Cheesybite." Perceptions of Kraft prior to iSnack were neutral, but Australians saw the American name as insulting. Vegemite maintained its iconic status. Kraft successfully changed perceptions by soliciting consumer input on a new name and marketing Cheesybite as a fun, new option versus the traditional Vegemite.
Vegemite, a popular bread spread in Australia, saw declining sales and profits in the late 2000s. To address this, the company conducted social media research analyzing over 1.5 billion posts, finding that while Vegemite had high household penetration, people primarily used it for toast at breakfast with limited other occasions. They also launched a new product called iSnack 2.0, but it initially increased sales while harming the brand image. The recommendations include changing the product name again and promoting multiple uses through marketing campaigns.
In 2009, Kraft Foods launched a new brand extension of Vegemite to boost declining sales and brand equity. Customers were invited to help name the new product, as they did with the original Vegemite. Market research involved an advertising campaign asking how people like their Vegemite and a name competition. Despite some anger over the name change directed at Kraft Foods and not Vegemite, sales of Vegemite were solid. Choosing the most popular name from the competition aligned with Vegemite's original naming concept of belonging to the public.
This document appears to be a design journal entry for a Vegemite branding project. It describes a scenario where a teenage boy named Jayden is running late for the bus with a piece of bread in his mouth. When the bus arrives, it has an attractive mural of Dwayne Johnson on the side. Dwayne Johnson then steps off the mural and talks to Jayden about how eating a healthy breakfast with Vegemite on toast can provide vitamin B and help him do better in school by converting glucose to energy and supporting brain function and red blood cell production. Dwayne concludes by saying Vegemite is one of the richest sources of vitamin B.
In 2009, Kraft Foods launched a new brand extension of Vegemite to boost declining sales and brand equity. Customers were invited to help name the new product, as they had with the original Vegemite brand. Market research involved an advertising campaign asking how people like their Vegemite and a name competition. Despite some anger over the name change directed at Kraft Foods, sales of Vegemite remained solid as consumers' attachment was to the brand itself rather than its owner.
Vegemite Toast - Banking IT Regulation In Asiatheonassiokas
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Vegemite was invented in 1922 by Cyril P Callister. It is a spread commonly used on toast, biscuits, and sandwiches in Australia. The lamington is a sponge cake coated in chocolate icing and coconut flakes that was invented by Charles Wallace Alexander Napier Cochrane-Baillie, though the exact date is unknown. ANZAC biscuits were originally called soldier biscuits and were sent to troops instead of food that would not last the trip.
1) Sales of the popular Vegemite product in Australia had been declining, so the company conducted social media research and launched a smoother, milder version called iSnack 2.0 with cheese.
2) They received over 300,000 submissions for how people eat Vegemite and saw a 5% increase in sales of the new product in its first two months.
3) However, when they tried to rename iSnack 2.0 to "Cheesymite," it caused a negative reaction on social media and hurt the brand, so they faced a problem of how to increase market acceptance for the new name without cannibalizing the original Vegemite product.
Consumer Behaviour Case study - i-Snack 2.0felicitydawes
Kraft developed a new Vegemite-flavored spread called iSnack 2.0, which received huge public backlash in Australia for its perceived un-Australian name. Although sales were still good, Kraft allowed the public to vote on a new name, ultimately selecting "Cheesybite." Perceptions of Kraft prior to iSnack were neutral, but Australians saw the American name as insulting. Vegemite maintained its iconic status. Kraft successfully changed perceptions by soliciting consumer input on a new name and marketing Cheesybite as a fun, new option versus the traditional Vegemite.
Vegemite, a popular bread spread in Australia, saw declining sales and profits in the late 2000s. To address this, the company conducted social media research analyzing over 1.5 billion posts, finding that while Vegemite had high household penetration, people primarily used it for toast at breakfast with limited other occasions. They also launched a new product called iSnack 2.0, but it initially increased sales while harming the brand image. The recommendations include changing the product name again and promoting multiple uses through marketing campaigns.
In 2009, Kraft Foods launched a new brand extension of Vegemite to boost declining sales and brand equity. Customers were invited to help name the new product, as they did with the original Vegemite. Market research involved an advertising campaign asking how people like their Vegemite and a name competition. Despite some anger over the name change directed at Kraft Foods and not Vegemite, sales of Vegemite were solid. Choosing the most popular name from the competition aligned with Vegemite's original naming concept of belonging to the public.
This document appears to be a design journal entry for a Vegemite branding project. It describes a scenario where a teenage boy named Jayden is running late for the bus with a piece of bread in his mouth. When the bus arrives, it has an attractive mural of Dwayne Johnson on the side. Dwayne Johnson then steps off the mural and talks to Jayden about how eating a healthy breakfast with Vegemite on toast can provide vitamin B and help him do better in school by converting glucose to energy and supporting brain function and red blood cell production. Dwayne concludes by saying Vegemite is one of the richest sources of vitamin B.
In 2009, Kraft Foods launched a new brand extension of Vegemite to boost declining sales and brand equity. Customers were invited to help name the new product, as they had with the original Vegemite brand. Market research involved an advertising campaign asking how people like their Vegemite and a name competition. Despite some anger over the name change directed at Kraft Foods, sales of Vegemite remained solid as consumers' attachment was to the brand itself rather than its owner.
Vegemite Toast - Banking IT Regulation In Asiatheonassiokas
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Vegemite was invented in 1922 by Cyril P Callister. It is a spread commonly used on toast, biscuits, and sandwiches in Australia. The lamington is a sponge cake coated in chocolate icing and coconut flakes that was invented by Charles Wallace Alexander Napier Cochrane-Baillie, though the exact date is unknown. ANZAC biscuits were originally called soldier biscuits and were sent to troops instead of food that would not last the trip.
10 Alltime great principles for Effective Communication by manpreet singh dig...Manpreet Singh Chhabra
Communication is a problem for over 76% of the population in the world.
The presentation is the solution for that problem.
10 Alltime great principles for Effective Communication by manpreet singh digital.
This document summarizes the state of online retail in India. It notes that the Indian retail sector is $500 billion while e-commerce is $3.1 billion but expected to grow to $16 billion by 2016. Major online retailers in India include Flipkart, Myntra, and Snapdeal, which have received large funding rounds. While online retail is growing rapidly, physical retailers still face challenges from decreasing foot traffic in malls. The document also discusses issues around warranty authorization online, price wars among retailers, the need for physical experience, and payment concerns in India. Recommended solutions include seller ratings, exclusive product launches, educating customers, and the idea that omni-channel retailing will shape the future of the
10 Timeless Quotes that will make u a better advertiset by manpreet singh Dig...Manpreet Singh Chhabra
Here is the collection of 10 of the most great quotes by advertising gurus that should be known to every advertiser to become great by Manpreet singh digital
New retail store Concept, tea store chain By Manpreet singh DigitalManpreet Singh Chhabra
Retail and most importantly food retail is the future of india. Are you planning to open a retail chain of tea shops?
this documents contain all the concepts of retail management which are applicable in food retailling. this is a complete business plan for opening mordern tea store chain By manpreet singh digital
for PP Visit http://www.slideshare.net/ManpreetsinghChhabra/new-retail-store-concept
Culinarian is a cookware brand that aims to provide high quality products with advanced technology. In 2006, its strategic priorities are to widen its network, increase market share, and preserve its brand image with a revenue growth target of 15%. While a sales manager supports offering price promotions to boost awareness and engagement, the CEO believes it could harm the brand image based on negative results from 2004 promotions. The document considers pros and cons of price promotions versus alternative promotional strategies like cash back schemes and cooperative advertising to meet growth targets while maintaining a premium brand image.
The document discusses a visit to Big Bazaar store in Kalyan, India, outlining the retailer's merchandise assortment, store layout, target customer segments, and objectives of the visit which were to understand the retailer's operations, merchandising, store atmosphere, and marketing strategies. Big Bazaar is a major hypermarket chain in India with over 250 stores that aims to provide customers a wide range of products at low prices through a shopping environment modeled after Indian bazaars.
Channel 4 won the rights to broadcast the 2012 London Paralympic Games in the UK. They launched an innovative campaign to increase awareness of and interest in the Paralympics. The campaign featured athletes telling their stories and rebranding Paralympians as "superhumans". It included a 90-second film aired simultaneously on 78 UK channels. The campaign was hugely successful, increasing awareness of the Paralympics from 16% to 77%. It helped Channel 4 exceed its audience targets and broke UK records for Paralympic TV viewership and attendance. The campaign won numerous awards for its creativity and impact.
This document summarizes the US automotive retailing industry from 1995-2002. It discusses the industry's key revenue streams, cost structure, regulations, and drivers of consolidation. It notes that new vehicle sales generate 50-60% of revenue ($410 billion) while used vehicles generate $379 billion. Service and parts generate $118 billion in profits of 45-55%. Insurance and finance generate $93 billion in profits of 100% per unit. Variable costs make up 62% of costs while fixed costs are 38%. Compensation expenses are the largest cost at 47%. Floor plan interest and advertising are also critical factors. Government regulations restrict the number of franchises owned and require uniform pricing. Industry fragmentation and poor customer experience drove public dealers
Cineplex Entertainment is a major movie theater chain in Canada that was formed through mergers and acquisitions. It controls around 64% of the box office market but faces challenges from piracy, streaming, and other entertainment options. The company wants to launch a loyalty program to gain more customer data and perform better segmentation. Marketing director Sarah Lewthwaite must choose a partner, design rewards and promotions, and prove the program's value. She is considering partnerships with Scotiabank or Flight Miles and must determine the best approach.
P&G is a global leader in branded consumer goods known for pioneering direct-to-consumer advertising. It has over two dozen $1 billion brands and 2010 sales of $78.94 billion. P&G focuses on brand building through continuous product development, customization, and monitoring return on marketing investment. It has been influential in market research and consumer behavior analysis. P&G was also pioneering in its use of television, radio, and celebrity endorsements for marketing.
Coca-Cola launched a social media campaign called "The Social Media GuarD" to encourage people to limit their social media use and focus more on real life interactions. The campaign video featured people wearing funnels over their heads to block phone screens, representing guarding against excessive social media. It received over 2 million YouTube views in its first week and generated significant engagement and discussion online. The lighthearted campaign was effective at connecting Coca-Cola's message of optimism to reducing social media dependence.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
10 Alltime great principles for Effective Communication by manpreet singh dig...Manpreet Singh Chhabra
Communication is a problem for over 76% of the population in the world.
The presentation is the solution for that problem.
10 Alltime great principles for Effective Communication by manpreet singh digital.
This document summarizes the state of online retail in India. It notes that the Indian retail sector is $500 billion while e-commerce is $3.1 billion but expected to grow to $16 billion by 2016. Major online retailers in India include Flipkart, Myntra, and Snapdeal, which have received large funding rounds. While online retail is growing rapidly, physical retailers still face challenges from decreasing foot traffic in malls. The document also discusses issues around warranty authorization online, price wars among retailers, the need for physical experience, and payment concerns in India. Recommended solutions include seller ratings, exclusive product launches, educating customers, and the idea that omni-channel retailing will shape the future of the
10 Timeless Quotes that will make u a better advertiset by manpreet singh Dig...Manpreet Singh Chhabra
Here is the collection of 10 of the most great quotes by advertising gurus that should be known to every advertiser to become great by Manpreet singh digital
New retail store Concept, tea store chain By Manpreet singh DigitalManpreet Singh Chhabra
Retail and most importantly food retail is the future of india. Are you planning to open a retail chain of tea shops?
this documents contain all the concepts of retail management which are applicable in food retailling. this is a complete business plan for opening mordern tea store chain By manpreet singh digital
for PP Visit http://www.slideshare.net/ManpreetsinghChhabra/new-retail-store-concept
Culinarian is a cookware brand that aims to provide high quality products with advanced technology. In 2006, its strategic priorities are to widen its network, increase market share, and preserve its brand image with a revenue growth target of 15%. While a sales manager supports offering price promotions to boost awareness and engagement, the CEO believes it could harm the brand image based on negative results from 2004 promotions. The document considers pros and cons of price promotions versus alternative promotional strategies like cash back schemes and cooperative advertising to meet growth targets while maintaining a premium brand image.
The document discusses a visit to Big Bazaar store in Kalyan, India, outlining the retailer's merchandise assortment, store layout, target customer segments, and objectives of the visit which were to understand the retailer's operations, merchandising, store atmosphere, and marketing strategies. Big Bazaar is a major hypermarket chain in India with over 250 stores that aims to provide customers a wide range of products at low prices through a shopping environment modeled after Indian bazaars.
Channel 4 won the rights to broadcast the 2012 London Paralympic Games in the UK. They launched an innovative campaign to increase awareness of and interest in the Paralympics. The campaign featured athletes telling their stories and rebranding Paralympians as "superhumans". It included a 90-second film aired simultaneously on 78 UK channels. The campaign was hugely successful, increasing awareness of the Paralympics from 16% to 77%. It helped Channel 4 exceed its audience targets and broke UK records for Paralympic TV viewership and attendance. The campaign won numerous awards for its creativity and impact.
This document summarizes the US automotive retailing industry from 1995-2002. It discusses the industry's key revenue streams, cost structure, regulations, and drivers of consolidation. It notes that new vehicle sales generate 50-60% of revenue ($410 billion) while used vehicles generate $379 billion. Service and parts generate $118 billion in profits of 45-55%. Insurance and finance generate $93 billion in profits of 100% per unit. Variable costs make up 62% of costs while fixed costs are 38%. Compensation expenses are the largest cost at 47%. Floor plan interest and advertising are also critical factors. Government regulations restrict the number of franchises owned and require uniform pricing. Industry fragmentation and poor customer experience drove public dealers
Cineplex Entertainment is a major movie theater chain in Canada that was formed through mergers and acquisitions. It controls around 64% of the box office market but faces challenges from piracy, streaming, and other entertainment options. The company wants to launch a loyalty program to gain more customer data and perform better segmentation. Marketing director Sarah Lewthwaite must choose a partner, design rewards and promotions, and prove the program's value. She is considering partnerships with Scotiabank or Flight Miles and must determine the best approach.
P&G is a global leader in branded consumer goods known for pioneering direct-to-consumer advertising. It has over two dozen $1 billion brands and 2010 sales of $78.94 billion. P&G focuses on brand building through continuous product development, customization, and monitoring return on marketing investment. It has been influential in market research and consumer behavior analysis. P&G was also pioneering in its use of television, radio, and celebrity endorsements for marketing.
Coca-Cola launched a social media campaign called "The Social Media GuarD" to encourage people to limit their social media use and focus more on real life interactions. The campaign video featured people wearing funnels over their heads to block phone screens, representing guarding against excessive social media. It received over 2 million YouTube views in its first week and generated significant engagement and discussion online. The lighthearted campaign was effective at connecting Coca-Cola's message of optimism to reducing social media dependence.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.