Professional Documents
Culture Documents
Customers are the most essential part of a business's performance, and developing customer
loyalty is critical in the road to long-term success.
Appropriate customer value management through analytics and design thinking methods such as
viewing the world through the eyes of the customer are critical in creating the foundation for a
customer-centric strategy. Most importantly, businesses must plan their operations around the
requirements of their customers.
Firstly, businesses must establish operational models that delegate decision-making to frontline
staff who are the most exposed to consumer reactions and input.
Secondly, cross-functional friction must be reduced by creating an atmosphere in which team
members, regardless of function, prioritize the requirements of the customer.
Individual performance and awards should be evaluated based on how well the team meets the
customer's demand, which is the team aim. These actions result in localized responsibility,
knowledge, and efficiency, which in turn directs the organization's attention to the customers and
allows the firm to experience consistent success in a competitive market.
How local brands can be vulnerable to multinational brands? How can they overcome? *
A multinational corporation is a company that works in several countries but has its headquarters
in just one of them. It operates in other countries through the establishment of subsidiaries or
affiliates, as well as the acquisition or merger of local businesses. Due to the size of their
activity, multinational firms can have a negative influence on the economies and businesses of
local enterprises in their host countries, depending on the circumstances.
Global consumer brands hurt developing-country economies by distorting competition, driving
out local rivals, and encouraging consumer aspirations that frequently lead to debt.
Multinational businesses typically manufacture more goods and make more money. As a result,
they are able to offer greater wages and hire more highly skilled employees. Local companies
may suffer as a result, since they must match the higher salary scale to minimize worker turnover
in their own operations.
Focusing on Clients:
Customer service often gets short shrift, but it can be a huge differentiator in almost any industry.
knowledge of local tastes not only serves to increase client satisfaction, but is used to build brand
loyalty and generate repeat business.
However, although small firms can more immediately respond to changes in their environment,
they also need to stay close to customer needs and avoid making reactionary decisions.
Size doesn’t matter nearly as much as success, profitability and longevity. Small firms can
successfully compete with global competitors by carving out a niche and making the most of
their strengths.
Brand name:- The name Chillox contains a chill vive, sounds cool which shows that the target
group is principally youth which is understandable and logical because they operate with Burger
which is incredibly popular among the youths of the country.
Logo:- the logo is Chillox written with white in red background. the colours are vibrant and
memorable.
Memorable:- the name Chillox itself could be a very memorable name. Beside that, they need a
robust social media presence across all popular medias. The social media handler of Chillox is
incredibly funny as he/she shares meme and sometimes engages with other organic phenomenon
brands page with comment in a very fuuny and friendly way. that produces it even more
memorable.
Appealing:- Its juicy and engaging burger. Its already appealing. Also, the food pictures they
share in social media makes it more so.
Transferable- Name Chillox is transferable across the merchandise. they will start selling pizza
and other foods under the identical name.
Protectable:- chillox includes a unique name that proposes a singular value. they ought to make
patent of it if not already made.
Can national budget affect your company's brand strategy? Why or why not? Justify. *
Yes, depending on its own situation, the national budget can have a significant impact on brand
strategy. For example, if a country has a budget deficit or a contractionary policy, economic
growth would slow. In such a case, a brand that formerly concentrated on premium products may
decide to shift its focus to more affordable ones. Toyota, for example, may move its attention
from the Lexus brand to more affordable brands.
Evaluate communication 2 in terms of reaching its target customer, brand message it wants
to deliver and effectiveness of the communication. *
The TVC showed a young girl is helping his friend’s mother while cooking noodles for a group
of friends. The girl complained why his aunty (his friend’s mother} did not accept his friend
request. The aunty also asked why they were always chatting although she liked when they came
as a group. Then we see all of them enjoying their noodles and the girl again came to kitchen and
told aunty that all the other friends came only for noodles but she came for something else.
Words are not spoken in this scene but we realize the love of a mother and a daughter.
Target Customer: Clearly the target customer is college going or university going youth. But the
producer intelligently incorporated mother who cooks and decides which noodles to use in this
ad. So this ad is very well targeted.
Strong point:
Story line: As described above very interesting story line depicting a strong relationship of
friends over a plate of noodles.
Delivery of message: As mother is cooking the noodles and we can easily associate mothers with
love. The ad also ends with the tagline “স্বাদ নাও ভালোবাসার”