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Group 8 - Midterm Assignment Presentation PDF
Group 8 - Midterm Assignment Presentation PDF
TABLE OF
CONTENTS
Executive Summary
Current Situation
SWOT Analysis
Marketing Strategy
Action Program
Budget
Control
I. EXECUTIVE
SUMMARY
This report is all about demonstrating a marketing plan for Bitis's Hunter products; with
reference to prior offers, the paper demonstrates how Biti’s Hunter may provide new
items in the market.
In this regard, the report contains comprehensive marketing plan components such as
company analysis (Biti’s Hunter's current and future status), situation or market analysis,
and competitor analysis; the report depicts Biti’s Hunter's objectives and marketing
strategies, demonstrating that Biti’s Hunter can offer and expand its product range by
offering other related products such as sport products to its customers and setting value-
based pricing strategies.
II. CURRENT SITUATION
OVERVIEW
The footwear business in Vietnam is now obviously divided
Footwear market into two distinct marketplaces. The home market and the
export market are two distinct markets, with the export
in Vietnam market accounting for a substantially bigger share of total
value than the domestic market.
Demand and Trend The demand in the domestic market for footwear is over 1.5
billion USD per year. However, at present, domestic enterprises
only meet about 40%.
II. CURRENT SITUATION
OVERVIEW
Footwear market in Vietnam
- Vietnam's leather and footwear export turnover fell 9.6% in 2020 compared to 2019,
to USD 16.6 billion, reverting to 2018.
- During the pandemic, the double-digit rise in the first month of 2021
- The footwear business in Vietnam is now obviously divided. into two distinct
marketplaces
*THE BREAKTHROUGH OF THE SNEAKER
MARKET IN 2022
Air Force 1 Sneaker Hot Step Air TerraDrake
Created by Virgil Ablo NOCTA Sneaker
Why Not? Zer0.5 Sneaker XII Retro Playoffs Kobe Bryant Crazy 97 EQT
Sneaker
II. CURRENT SITUATION
COMPETITIVE
REVIEW
Direct competitors
Indirect competitors
Biti's Hunter X: the
company's most advanced
shoe segment with an
impressive design style, Biti's Hunter Football: is a
bold personality. segment of football shoes,
designed for training needs
on artificial turf fields.
PRODUCT
Biti's Hunter Core is
positioned as its flagship
shoe line with a wide range
of products at a more
affordable price than Biti's
Hunter X
REVIEW
Biti’s Hunter Street: are
designed with a low neckline,
Biti's Hunter Running: has
creating a youthful and
been researched and
convenient style when
developed by Biti's based on
walking around, going to
the typical Vietnamese foot
school or going to work.
size and sole, providing
maximum fit and comfort.
LOGISTIC REVIEW
IMPORT EXPORT
- Bitis imports 60% of its input materials - Vietnam is currently one of the 5 largest
from outside the country, while just 40% shoe producing countries in the world. In
comes from domestic suppliers. some markets such as the US and EU,
Vietnamese footwear has the second
- Bitis's footwear production technology largest export turnover after China.
is imported from modern technology of
Korea and Taiwan - Vietnamese leather and footwear
industry had an export turnover of over
1.3 billion USD in January 2014. Footwear
exports alone reached US$859.73 million,
up 4.44% over the same period last year,
but down 7.13% from the previous month
S - STRENGTHS W - WEAKNESSES
- Poor control of agency activities
- A brand based on the national pride of
- Needs more development in the areas of
the Vietnamese people
raw materials and auxiliary industries
- Low prices and good product quality
- A part of human resources still lacks
- Has effective product promotion
awareness and responsibility
campaigns, from online to offline
- Lost market share due to some troubles
in the distribution channel
O - Opportunities T - Threats
- Has the opportunity to tap into the
notable trend of these generations - Consumers' demand for quality
- Easy to carry out advertising campaigns products is increasing day by day
to reach and assist customers in - Biti's was one of the first brands to
personalizing and differentiating products invest in Vietnamese products seriously
- Young Vietnamese spend 25-30% of their
income on shoes and clothes
- Has technology and government support
IV. OBJECTIVES & ISSUES
OBJECTIVES ISSUES
- Enhance the sales revenue for the - Enormous Targets and hard to focus on
upcoming period (12%)
- Occasionally, youngsters do not pay
- Levitate the market share and customer much attention or interested in
equity in the course of time (3%) Vietnamese product ( the quality,
promotion plan,the tendency)
- Expand the Brand Awareness towards a
plethora of individuals across Vietnam - Promotion plan towards the Gen Y and
(especially to show the solidarity of Gen X (due to the fact that these types of
Vietnamese community) Gen don’t use the social media
frequently)
- To constitute a sustainable development
throughout the period of time (exquisite
promotion plan, CSR between customers
and the firm, Brand Awareness)
MARKET
RESEARCH
ACTION
PROGRAM
1. CUSTOMER INSIGHT
The young generation, especially Gen Z today, always want to own a pair
of shoes with their own personality, but still carry the typical imprint of a
domestic brand from Vietnam. Different from the development of
technology, the fast pace of life, the elements of traditional culture and
lifestyle or national pride are increasingly strongly revived and
welcomed back. However, there has not been so many famous brand
that can spread the beauty in the spirit of solidarity of Vietnamese
people in the most complete way.
2. 4PS PROPOSAL
Price Product
Biti’s Hunter main customer segment are working and middle class
the appearance, feel, and structure of
To improve
and a small number of higher-income clients, the product price range
future models, research and development should
from 500.000 VND to 1.000.000 VND (about 21.5 to 43 dollars). Due to
focus on upgrading the rubber lining. In order for
this pricing strategy, BITI'S HUNTER is able to manufacture well-
the firm to maintain its competitive edge, it must
designed, reasonably high-quality items that stand up to its promise to
focus on product development and add a new
"Fostering your feet" and its previous reputation as a brand with
product to the Hunter line during the last months
trustworthy and long-lasting products.
of the year.
Place
All products are displayed on both online and
offline platforms. On e-commerce platforms, BITI’S
has Mall system stretching from Tiki, Lazada,
shopee and official website. If any customer have
demand to buy goods directly, they just go to the
nearest stores and branches to try and enjoy the
whole service.
Promotion New customer experience
service when buying
-Brand ambassador: H’Hen Niê
When completing the purchase procedure, each customer can
H'Hen Niê, an Ede ethnic and the first ethnic minority in Vietnam to win the
ask for a number representing for the name of one city he live, or
crown of Miss Universe Vietnam 2017. After winning the competition, H'Hen
Niê spent 100% of her prize money for the volunteering, awarding his hometown so that the staff or buyer can customize on own
scholarships to poor students as she had wished. Moreover, She made all shoes. At the same time, customers can also set up an account
people were on the cloud nine when she was the first Vietnamese with a personal illustrating picture and simple introduction lines
representative to enter the Top 5 finalists of the the Miss Universe World of themselves, words they want to send to friends, relatives or to
2018 contest in Thailand. retains our inherent identity and national pride. the community.
Vy, V. K. (2019). The impact of brand image fit on Vietnamese young consumers' attitude towards co-branded product (Doctoral dissertation, International University-HCMC).
Mizen T. (2021, September 3). Review những mẫu Giày Bitis Hunter ” Đẹp” & các Địa chỉ Bitis chính hãng tại TPHCM. Momo Shop. https://momoshop.com.vn/giay-bitis-hunter/