Essay About Business Strategies And Case Study

Case Study one- Shoes for Moos – Case Study – Linda Byrne
Search
Essays
Sign up
Sign in
Contact us
Tweet
Index
/Business
Case Study one- Shoes for Moos
MK8102 Cases in Marketing StrategyCase study one- Shoes for MoosLinda Byrne 15104705Problem Jim Wells is the creator of Shoes for Moos.  Shoes for Moos are a specially designed shoe for cows to support the treatment of foot and hoof infections. Jim is lacking in both experience and capital. He must decide if he should go ahead and invest in Shoes for Moos. To do this he will need to investigate other options currently on the market, finalise his selling price and determine who are his potential customers. Once he has determined these factors he must decide if he will launch the product or not. If it is decided to launch the product Jim must then choose how and where to distribute and market the product.AnalysisWells needs to analyse his competitors, customer base, and markets. There are two competitors in the industry.Competitor One: Shoes are sold in three sizes with either a flat or adjustable heel that can be elevated. They advertise using Direct mail catalogues from the United States and are sold at $21.80 each. The height of the show can allow dirt and moisture in which has the potential to worsen the infection.Competitor Two: Hydrotherapy boots with hoses, suspenders and compressor.  Not intended for general use in hoof infection proposed for clinical use. Sols at $400 a pair.

Business strategies: There are three potential business strategies Jim should consider for his product. Niche, product quality, and business to business sales or direct sales.A niche business strategy would concentrate on the needs of the target market. To ensure this is successful. Jim needs an excellent understanding of his customers, competitors, and any substitute products. This will allow the team to be precise in satisfying the customers’ requirements. With a product quality strategy design, function and durability will be key features used to market the product to consumers. Testing and proving the quality will be vital to reinforce the message.If Jim focuses on B2B sales he is likely to be able to reach a larger market. However, there is a cost involved that would need to be factored in. How much of a mark-up would retailers require?Direct sales have their own costs involved and may have a smaller market reach. However, they should be considered in our analysis.Options Direct mail using Foundations of the Mentally Handicapped (Ontario and Quebec).A cost-effective option that allows Jim to have full control of his business and build relationships with his customers. It has an appealing contribution margin which ensures a higher return. Dealers at stores – 40% mark up.This option offers a broad exposure if dealers are encouraged to promote the product in. The dealers will be required to order a minimum stock increasing the number of shoes on hand and increasing availability for consumers. Dealers would require a 40% mark up which would drastically increase the selling price.

Continue for 3 more pages »
Read full document
Download as (for upgraded members)
Citation Generator
MLA 7
CHICAGO
(2019, 03). Case Study one- Shoes for Moos. EssaysForStudent.com. Retrieved 03, 2019, from
“Case Study one- Shoes for Moos” EssaysForStudent.com. 03 2019. 2019. 03 2019 < "Case Study one- Shoes for Moos." EssaysForStudent.com. EssaysForStudent.com, 03 2019. Web. 03 2019. < "Case Study one- Shoes for Moos." EssaysForStudent.com. 03, 2019. Accessed 03, 2019. Essay Preview By: Linda Byrne Submitted: March 4, 2019 Essay Length: 769 Words / 4 Pages Paper type: Case Study Views: 166 Report this essay Tweet Related Essays Nike Case Study SHORT CASE SUMMARY Nike, Inc. (503-671-6453, www.nike.com) is the worlds #1 athletic shoe and apparel seller. Nike currently employs 20,700 employees, with total sales of 1,706 Words  |  7 Pages Hilton Hotels Case Study one Situation Analysis Hilton Hotels Case Study One Situation Analysis Week Three Catherine Seeley University of Phoenix MKT / 551 Marketing Management TRGRAD24 Marlene Deatherage April 17, 2006 2,661 Words  |  11 Pages Gene one Case Study Running head: PROBLEM SOLUTION: GENEONE Problem Solution: Gene One Aaron Pough University of Phoenix Introduction Gene One is a biotech company that started with 4,311 Words  |  18 Pages Cape Shoe Company Case Study ATENEO DE DAVAO UNIVERSITY SCHOOL OF BUSINESS AND GOVERNANCE MARKETING DEPARTMENT In partial fulfilment of the requirements for MKTG 321 Strategic Marketing Management 2nd Semester, 1,120 Words  |  5 Pages Similar Topics Case Study Gerber Babyfoods Montclair Papermill Case Study Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter