Professional Documents
Culture Documents
Mission Statement
The mission of Allstar Brands is to provide our
customers with a safe and effective product at a
fair price, while respecting our stockholders
interest. We do this by providing our employees
with creative opportunity to use their talents for
research and product development but never
losing sight of our goal to improve the quality of
life for our customers.
Allstar Brands
Allstar Brands
SWOT Analysis
Strengths
Allstar Brands
SWOT Analysis
Weaknesses
Oversaturated market
During first 5 years, prices were
not increased according to
inflation and demand
Surveys were not purchased
during first 6 years
Allstar Brands
SWOT Analysis
Opportunities
Ability to expand and diversify our
product line due to strong client
base
Talented product development
personnel
Capability to increase production
without increased manufacturing
costs
Allstar Brands
SWOT Analysis
Threats
Direct competition within target
markets
Generic brand medications with
competitive pricing and consumer
confidence
Suffering economy which may
cause a downturn in the stock
market affecting Allstar Brands
stock price
Allstar Brands
Marketing Objectives/Activities
1. Reassess advertising budget every
year and adjust appropriately
Adjust according to product life and
performance, economy, and current
budget
Increase advertising costs between
15% - 20% for all new products within
the first 3 years
Allstar Brands
Marketing Objectives/Activities
2. Assess product line every three years and
reformulate based on consumer needs
Purchase surveys
Increase advertising costs to keep
customers updated on reformulations
Allstar Brands
Marketing Objectives/Activities
3. Increase brand awareness for Allright from 52.5% to 70% in three years
Allstar Brands
Marketing Objectives/Activities
4. Increase prices based on national
inflation and market inflation rates
Adjust prices according to
customer demand
Keep products competitive by
altering prices to attract new
customers and keep loyal ones
Allstar Brands
Marketing Objectives/Activities
5. Maintain a stock price above $80 per share
Allstar Brands
Marketing Objectives/Activities
6. Increase overall market share to 27% in the next four years
Allstar Brands
Lessons Learned
Price - Adjust pricing for
introductory products
Promotion Develop marketing
strategy for allocating resources
Place Preserve loyalty of the
most profitable distribution
channel
Product Reformulate according
to customer demands while
maintaining brand reliability
Allstar Brands