Page 84 - Tyrrells Flip Teaching Guide
P. 84

Milner however, recognised that customers were the same

               the world over and as such could be attracted to Tyrrells
               chips without great marketing adjustment for country

               cultural norms.




               2: Analyse the Market


               Chase carried out extensive market research which to all
               intents manifested in rapid growth. He recognised that the

               customer wanted a tasty, nutritional, organic product and

               were willing to pay a premier price in exchange for it.

               3. Analyse the Competition


               The general market for crisps was declining so Chase

               pursued the premier chip segment as this was neglected by
               the main industry players.




               4: Research distribution


               Chase sought high end independent outlets. After his
               experiences with some supermarkets, he tried to tightly

               control the supply chain excluding supermarkets such as

               Tesco. Although he recognised the value of exports, he did

               not actively seek them.

               Milner extended distribution recognising the value of the

               supermarkets and the international market and rapidly
               abandoned Chase’s reservations.




               5: Define Marketing Mix


               Understanding the Marketing Mix

               Price: premium pricing
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