¶ … Integrated Communications Strategy Organizational Overview • Betony Artwork focuses on art object and artistic creation that include tangible and non-tangible art products. • Our work also deals with sculpture and painting specifically to enhance aesthetic appeal. • We also focus on interior design for individuals...
¶ … Integrated Communications Strategy Organizational Overview • Betony Artwork focuses on art object and artistic creation that include tangible and non-tangible art products. • Our work also deals with sculpture and painting specifically to enhance aesthetic appeal. • We also focus on interior design for individuals private and public organizations. • Moreover, we focus on comprehensive consulting interior design services that include furniture design, decorating fabric as well as office and home accessories services.
• Variety of services that we offer makes increasing number of people to appreciate the work of art that we offer, which makes our company to enjoy market advantages. Market Analysis • Betony Artwork has built a defined target market and this has formed the basis of our business. • Effective marketing combined with product offering is critical for market demand and future profitability. • Increase in American population has contributed to the increase in market growth of people.
• Moreover, increase in the standard of living of the U.S. households has also contributed to the increase in the market demand of the artwork. • Despite the increase in the demand for the artwork in the United States, Betony is still facing a stiff competition an artwork business environment. Competitive Environment • Competition of the artwork is strong. The competitors include home-based interior designers, artists, prestigious architects and professional architects.
• Interior Designers are part of the main competitors our company, and interior designers' charge is based on cost per yard. • Some of our competitors also include the catalogue designers. • Moreover, window designers, decorator fabric and office decorators are other competitors of our company. Integrated Marketing • The competitions that Betony Artwork faces make the paper to design an integrated communication strategy to assist the company enhancing competitive market advantages.
• The traditional channel of advertisement such as print media, radio, and television have been designed to reach large number of population. • However, the non-traditional channel of advertisement such as internet, FaceBook, telemarketing, and social media are also increasingly popular among the younger generation.
• Using both traditional and non-traditional channel of advertisement, Betony Artwork will be able to reach Integrated Communications Strategy • ICS (integrated communications strategy) is the combination of various communication tools such as traditional advertising, and public relations to reach the target audience to achieve organizational communication objectives • ICS (integrated communications strategy) is designed to assist organization to communicate effectively with stakeholders to meet organizational objectives. • ICS is also to demonstrate to the stakeholders the success of our work.
• Cost effective packaging is one of the strategies that our company will employ to assist in enhancing effective packaging, distribution and shipping. • The company also keep costs low as much as possible to provide innovative and stylish product for our products. • Betony Artwork integrated communication strategy marketing solution is to reach large number of potential customer. SWOT Analysis • Betony Artwork has a strong brand image and brand mission that contribute to the company marketing success.
• However, Betony is facing market challenges because of the dwindle economic problems of the past economic problems of the United States. • The SWOT analysis reveals the strengths, weakness, opportunities and threats that the company is currently facing within a business environment. • The results of the analysis will assist the company to target required customer to design effective marketing campaign. SWOT Analysis Contn. Strengths • The strengths of Betony Artwork is as follows: • Strong brand personality and identity that assist Betony Artwork to enjoy market advantages.
• Product diversity, integration and customization among product lines. • Cost effective products making the company to attract increasing number of customer. • Strong company value. • Positive reputation among its customers. • Strong, dedicated leadership that assists in delivering high quality art work for customer. • Pool of talented and skilled workforce. SWOT Analysis Contn. Weaknesses • Betony Artwork is currently facing challenges in achieving global presence. • Poor deliver service. • Facing challenges to raise funds from pubic to increase its investments.
• Lack of effective marketing and promotion materials to gain more publicity. • The company has not been able to develop a global brand image. • Minimal marketing budget SWOT Analysis Contn. Opportunities • Increase in demand for artwork with improvement in national economy. • The social networking assists in more popularity of artworks. • Online marketing assists in enhancing global focus of the company product. • Increase in number of software product that assists the company designing high quality artwork at lower costs.
• Online business environment has assisted our company increasing the global artwork demand. SWOT Analysis Contn. Threats • Increased in the competitive environment from both national and international competitors. • The presence of internet has made the company to face intense competition from both national and international artwork companies. • Continued price pressure because of the increased of competitive environment leading to reduction in contribution margins. • Dramatic changes in design in styles, and colors can present challenges in achieving required target customer base.
• Expansion of discount stores that offer low price for artworks is making our company to face price war with other companies offering artworks. Attitude Current Customers • Findings reveal that Betony Artwork is facing stiff competitions in a business environment. • The competitions that the company is facing is making some customers to consider switching to other companies offerring low priced artwork product. • Increasing numbers of customers prefer buying artworks at affordable low price.
• Attitude of the customers towards low priced artwork will require Betony to differentiate its product in order to achieve competitive market advantges. Pricing Objectives • Based on the information collected o, competitive business environment and current attitude of customer, the presentation provides the following pricing objetives: • Increase of online traffic by 10% in 12 months. • Increase in-store foot traffic by 5% in 12 months. • Increase the company awareness and target market by more than one million people within 12 months. • Increase sales by 15% in 12 months.
• Increase the sales from returning customers by 15% within 12 months. • Increase the number of customer associated to our customizable artworks by 10% within 12 months. Pricing Strategy • Based on the information collected on competitive business environment and current attitude of customer. • The pricing strategies is to create low priced, customizable artworks that fits the needs of all our customer and meet the artistic tastes of our customers. • Our pricing strategy is based on providing high quality product at affordable price compared to price being offered by our competitors.
• Moreover, we will deliver our product to meet the price need of our customer. • The company will design different artworks using different quality and different prices to meet the needs of our customer no matter their income level. Pricing Strategy Contn. • Discount pricing is another pricing strategy that our company will offer to attract our customer. • Discount pricing is the strategy of offering reduced price to certain category of customer.
• For example, our company will offer reduced price to customer intending to purchase high priced artworks. • Our company will also use price discrimination as price strategy, where the company will offer the prices based on different classes such as income levels, ages Pricing Strategy Contn • We will also use penetration pricing as our pricing strategy. • Our penetration pricing is to set the price of our products and services artificially low to gain market shares.
• One we have achieved the market shares, we will increase the price. • The Sky TV and.
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