general overview own strengths own weaknesses opportunities threats internal perspective external...
TRANSCRIPT
General Overview
Own Strengths Own Weaknesses
Opportunities
Threats
InternalPerspective
ExternalPerspective
• Technology and R&D
• Patented products• Highest quality
• Innovation• Diversification • Eco-friendly technology• New adhesive technology (acrylic, natural rubber)
• Growth of economy market
• PST has no economy products
• Diversified product portfolio (packaging services)
• Limited products• Basic services
• Decreasing service quality
• Premium strategy• No products for
construction
• Stagnating market• Price sensitive customers• Growing construction market
General Overview
One Finger DownCristian Dohi, Lena Grosse, Nicklas PeeleConsumer Behavior
Was this a threat PST should respond to?Yes, judging by the SWOT Analysis, they should respond
by entering the economy market with a separate economy brand.
General Strategic Recommendations
Market research: - Customer behavior- New usage opportunities- Diversification opportunities - Understanding the buying center
Obtain external quality certificates (e.g. SGS).
Shift of corporate mentality: selling the benefit (safety), instead of product
Improve delivery service to boost customer satisfaction.
More effective sales management & usage of CRM
Include direct distribution
Explore green technology, resealable tape technology, acrylic and natural rubber adhesive tape technology.*
Up- and downstream integration
*Epple, T. C. (2013). Evolving Pressure- Sensitive Tape Adhesives. Adhesives & Sealants Industry, 20(9), 18-19. Adams, J. T. (2013). In Pursuit of the Perfect Cover Tape. SMT: Surface Mount Technology, 28(4), 30-34.
One Finger DownCristian Dohi, Lena Grosse, Nicklas PeeleConsumer Behavior
PST Holding
PST
K2 Packaging Services
Other Services
Cheapo Economy Tapes
Brand-based Strategic Recommendations
New brand (subsidiary)
K2 Recommendations
- Restructure sales:- Key Account Management with specialized
services (Direct Sales).- Distributor consultant team- Remuneration scheme focused on
repurchase and relationship building. Build a dedicated sales force for K2.
- Distribution:- Introduce incentive programs for
distributors. - Co-brand with retailers or service
providers (e.g. using and branding K2 adhesive for UPS packages for both B2B and B2C)
- Form partnerships with construction firms, since this is a growing industry.
- Expansion into other industries (e.g. medical industry with kinesio tape, modern heart disk drives)
Cheapo Recommendations
- Sales:- Offer only basic services- Dedicated sales force to inform
distributors about new product line.- Distribution:
- Introduce incentive programs for distributors.
- Initiate dialogue with smaller distributors- Form partnerships with home
improvement stores (e.g. Home Depot)- Marketing activities geared more towards mass
marketing.
One Finger DownCristian Dohi, Lena Grosse, Nicklas PeeleConsumer Behavior