Analyse Brand Strategies
Work individually to analyse existing brand strategies and develop an integrated marketing proposal to drive Lululemon’s future growth, based on the case attached [ Lululemon Athletica].
Imagine yourself as a brand manager of Lululemon; your Marketing Director is asking you to evaluate the brand performance and propose a growth plan. Your marketing proposal MUST include the following,
1.Analyse category, competition, and consumer trends
2.Assess the situation of the Lululemon brand ~ how well does it execute on its brand positioning through the core elements of the marketing mix?
3.Develop a proposal covering 1] your recommended option and 2] related marketing strategies (4P decisions) to support this strategic direction.
The tools you need to use for the above analysis and suggestions are:
situational analysis, segmentation, targeting, positioning, and 4P strategies.
All your work needs to involve:
product, brand, style, communications and channels.