1. Introduction
Transcription
1. Introduction
Brand Management of E.Excel International, Inc Jessiyar 041FM005 1. Introduction Page 1 Brand Management of E.Excel International, Inc Jessiyar 041FM005 1. Introduction My name is Zhang Jing Ya and I am a fashion marketing student at Raffles Design Institute in Shanghai. In the last semester of our study we are required to do a Brand strategy doctrine case analysis as a final graduation assignment. Report purpose This module is designed to emphasize the importance of Brand Strategies. The module will investigate branding strategies, and how a poorly planned co-branding strategy can confuse customers and devalue a company’s brand in the face of intense competition. The module articulates brand building, the challenges in branding development, and designing branding strategies to form competitive barriers that work toward sustainable market share erosion. Learning outcomes Upon successful completion of this module we will be able to: y Identify and analyze branding issues in Product Strategy development. y Understanding the concept of brand equity how a brand name can be carefully managed so that the brand equity does not depreciate. y Identify how branding campaigns interact with the other business functions to promote organizational effectiveness and economic resilience. y Relate theory to practice, modify applications and identify and offer solutions to brand management challenges to suit differing organizational constraints and market conditions. y Understand and interpret how current trends will influence the future development of the industry. y Solve business problems supported by a range of both quantitative & qualitative data. Page 2 Brand Management of E.Excel International, Inc Jessiyar 041FM005 2. Executive Summary Page 3 Brand Management of E.Excel International, Inc Jessiyar 041FM005 2. Executive Summary Why choose E.Excel International Company In today’s society, people are paying most attention on their health administration. E.Excel International Company is famous for its Nutritional Immunology science, excellent research team, advanced production equipments, and the beautiful promise of “sharing the gifts of health and knowledge with mankind”. E.Excel became a successful company gradually in recent years, it is a popular star in whole Southeast of Asia, but the development road of E.Excel in China is not so smooth and favoring. China is a huge and potential market for E.Excel to improve its business plan. The sales policy, promotion method, strategic management of the company must to be changed and developed; for the better evolution to E.Excel in the future. The brief introduction of E.Excel International Company E. Excel International was founded in 1987 by Dr Jau-Fei Chen as a vehicle to share the science of Nutritional Immunology with the world. Dr Chen is passionate about research. E. Excel International has provided Dr Chen the perfect platform for continuous research on plant foods. She is ably supported by qualified research personnel and cutting-edge manufacturing methods. Only the highest quality plant food products can bear the E. Excel brand name. The company ensures that consumers receive the highest quality products every time. This uncompromising stand on quality ensures the E. Excel family grows from strength to strength Page 4 Brand Management of E.Excel International, Inc Jessiyar 041FM005 3. The Company Page 5 Brand Management of E.Excel International, Inc Jessiyar 041FM005 3. The company 3.1 History 1 ○ In 1987, E. Excel International, Inc. was established by Dr Jau-Fei Chen in Springville, Utah, USA. Its headquarters and spacious manufacturing plant lie on 15 acres of land at the base of the Wasatch Mountains. Presently, E. Excel International is one of the finest health food manufacturers in the world. E. Excel continues to grow at a rapid rate because of its commitment to manufacturing the finest quality products and teaching the principles of Nutritional Immunology to promote healthy living. Currently, E. Excel International has expanded from the USA and Canada into Singapore, Malaysia, Taiwan, Korea, Philippines, Thailand, Hong Kong, China, and many countries in Europe. It is a truly international company. With each passing year, E. Excel experiences tremendous growth. The company has now expanded to include manufacturing facilities not only in the USA, but also in Singapore and Shanghai, to ensure a continued supply of products around the world. Over two decades since its inception, E. Excel has built a reputation that lives up to its name: Extra Excellence. E. Excellers across the globe, from USA and Canada to China, Europe, Hong Kong, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand have obtained the gifts of excellent health, a wonderful career, continued learning, fabulous vacations, access to quality healthcare and countless avenues to fulfill their dreams. This is the Excellence Way of Life, a lifestyle that embraces anyone anywhere and gives him or her opportunities of a lifetime. E. Excel International also believes strongly in contributing to artistic, cultural and humanitarian initiatives. Some of our beneficiaries are World Vision International, Mercy Relief, AIDS patients and children with Down's Syndrome. In addition, educational grants have been offered in Dr Chen's name to encourage and reward students dedicated towards scientific research. Page 6 Brand Management of E.Excel International, Inc Jessiyar 041FM005 4. Actual Marketing Page 21 Brand Management of E.Excel International, Inc Jessiyar 041FM005 4. Actual Marketing 4.1 E. Excel Nutritional Immunology 9 ○ The human body is constantly at war; every day the immune system defends against innumerable threats to our health. But the ability to ultimately win the war against illness and disease is in our control. We have the best defense known to man - the human immune system. E. Excel Nutritional Immunology® is the science that focuses on the delicate balance between nutrition and our ability to maintain optimal health. When we eat properly, get sufficient rest, and exercise regularly our immune systems can function at peak efficiency. However, when we deprive our bodies of proper nutrients, our immune system is weakened, making us susceptible to poor health. At E. Excel International, we have taken the guesswork out of customers’ diet. The qualified team of scientists, led by Dr. Jau-Fei Chen, has carefully researched each ingredient and product formulation, so you never have to wonder if you are getting the nutrition you need. E.Excel uses whole food ingredients, sourced from all over the world and harvested at the appropriate time for maximum nutrition. These ingredients are then tested to ensure that each meets our stringent standards of quality and contains the highest nutritive value. And the products are designed for lifestyles on the go—conveniently prepackaged and containing the right combination of herbs to suit individuals at every stage of life. 9 http://www.eexcel.net/NutritionalImmunology/EExcelNutritionalImmunology/tabid/53/Default.aspx ○ Page 22 Brand Management of E.Excel International, Inc Jessiyar 041FM005 4.2 Products It is our brief that eating the right foods today is the start of a healthy tomorrow - a wholesome diet is vital to maintaining good health. Our dedication to wholesome nutrition and quality ingredients places E. Excel at the forefront of the nutritional industry. First and foremost, our goal is to help people build a stronger immune system and improve their lives. We research, test, and retest our formulations and ingredients until every product meets the highest standards of quality and effectiveness. The outcome is a superior line of products that enhances the immune system by providing the body with maximum nutrition on the cutting edge of scientific research in a convenient and delicious form. 12 Healthy Foods ○ Wholesome Food Series Daily Nutrition Pack (Triflora) Daily Nutrition Pack (Evernew) Symphony of Excellence Shape of Excellence Basic Nutrition Drinks Nutrifresh Nutrifresh – D EverNew EverNew Orange Evernew – D Feiron Wholesome Beverages Triflora Li – Dan Refresh Herba Page 25 Brand Management of E.Excel International, Inc 4.3 Price Jessiyar 041FM005 15 ○ Products: Nutritional Food Wholesome Food Series Basic Nutrition Drinks Price Range (RMB) 1,889 – 3,389 217 – 1,078 Wholesome Beverages 250 – 358 Performance Drinks 1,078 Plant Essence Series 354 Whole Food Concentrates 203 – 273 Family Products Products: Elemente Beauty 35 – 72 Price Range (RMB) Oxyginberry 822 – 918 Moisture Essentials 450 – 822 Radiance 300 – 450 For Men 300 – 820 Colored Hair Care 300 Pampering 300 Food for Beauty Elemente Cosmetics 1,120 285 – 798 Pricing in China is competitive, as other countries are more protected, or do not have such a large domestic manufacturer bases as China. As a multi-national with superior products, the price reflects the quality and character of E.Excel products, E.Excel also thought the need of customers, provides the logical price which can afford by customers. 15 E. Excel Product Catalog 2007 ○ Page 33 Brand Management of E.Excel International, Inc 4.4 Place Jessiyar 041FM005 16 ○ E.Excel (Shanghai) Co, Ltd is located in the 7th Building, Fortune Plaza, No. 198, Puming Road, which is the head office of China. “Committed to excellence” is an apt description of E.Excel Intentional central tenet and working attitude. The insistence on and pursuit of excellence is clearly evident in the products and corporate management style of E.Excel Shanghai. It spared no expense to locate its office building in the heart of Shanghai’s most prosperous financial district – the Lu Jia Zui Financial & Trade Zone. On top of that, it spared no effort to ensure that only the best is used in its office’s design, layout fittings and facilities. The business centre reflects the status of E.Excel, build up well company image. E.Excel Shanghai also set up its own manufacturing facilities in Songjiang District. Equipped with some of the world’s most advanced production facilities and using stringent test processes, it produces safe, effective and convenient products to share with the world. E.Excel retailing franchised store sell in direct marketing, opened more than 600 stores in more than 32 cities and districts all around China. E.Excel products are getting in touch with people’s daily life gradually. 16 http://www.eexcel.com.cn/lx/lx.asp ○ Page 34 Brand Management of E.Excel International, Inc 4.5 Promotion Jessiyar 041FM005 17 ○ Preferential event During the important festivals, E.Excel would launch the special gift package with discount. VIP can enjoy the discount in 19% off. Book, Magazine & Video High quality printed magazine share in company employees and existing customers. Video of products introduction and Nutritional Immunology seminar also shared in company employees and existing customers. Nutritional Immunology seminar and new products launching event Dr. Jau-Fei Chen always launches the seminars of Nutritional Immunology in universities and public auditoria, in order to let people know Nutritional Immunology knowledge and E.Excel through the seminar. When there are new products would be launched, the company will open a degustation meeting; share the new products to masters and customers. Page 35 Brand Management of E.Excel International, Inc Jessiyar 041FM005 Celebration and encouragement travel In 2007 E.Excel International turns 20, a year of celebration and joy of how far it has come. E.Excel celebrate with global E.Excel family last year, on the celebration, E.Excel present and share the precious non-launched products to E.Excel masters and partners, in order to encourage them get the higher achievement in next year. When E.Excel master get the high achievement, E.Excel provides the chance of free travel, when they are traveling, the masters can share and communicate their harvest of sales and study. TV, graphic advertising E.Excel is a low-pitched company, so it didn’t do any TV or graphic advertising. Not only TV and graphic advertising, but also E.Excel doesn’t promote on billboard. Dr. Jau-Fei Chen give a speech in TV program just as a doctor career, but not publicize for company. 17 http://www.eexcel.com.cn/fx/fx.asp ○ Page 36 Brand Management of E.Excel International, Inc Jessiyar 041FM005 18 Charity sponsor ○ In spreading Dr. Jau-Fei Chen‘s message of health, she has undertaken an additional responsibility – touching and improving the lives of the less privileged. Under the leadership of Dr. Chen, the E.Excel family has brought new hope and a helping hand to many less able but high-spirited members of the world community. One such beneficiary is the China Disabled People’s Performing Art Troupe. The E.Excel family also supports World Vision International, a non-profit humanitarian organization that aims to improve the lives of those cruelly affected by war, poverty and other adversities, around the world. Support is given not only in dollars and cents but also as mental, emotional and social encouragement for their activities. In addition to the above, the E.Excel family also works closely with other welfare organizations. Marginalized members of society, such as those with HIV/AIDS and physical deformities, are given much welcome financial and moral support. To reward their pursuit of knowledge, students with a passion for science and research are offered scholarship programs in Dr. Chen’s name. It takes just one pebble to create a ripple in a pond. But the effects are far-reaching. Guided by a generous founder, the E.Excel family aims to cast many more humanitarian pebbles into the waters of the world community. Through the charity business to enhance the company awareness, and extend the effect. Its aim is not only to share a message of health but also a message of hope that an extra hand can make the impossible possible. 18 A profile of excellence page 32 ○ Page 37 Brand Management of E.Excel International, Inc 4.6 SWOT Jessiyar 041FM005 19 ○ Strength Processing and Standardization Research is an integral part of E. Excel's mission. It allows us to keep abreast of the very latest scientific discoveries so that we, in turn, can apply this knowledge to creating the finest products in the industry. Ongoing research plays a crucial role in the development of new products and the refinement of existing ones. It offers further insights into the science of Nutritional Immunology, and allows us to continually explore the beneficial properties of plant foods. E. Excel products are the result of a detailed process that is carefully controlled from beginning to end. The growth and harvesting of E. Excel's plant foods is a crucial first step in product development. Each plant must be cultivated in just the right climate for optimal growth. Temperature, exposure to sunlight, fertilization, moisture, and soil conditions all must be carefully monitored for each plant to retain the maximum amount of nutrients. E. Excel plant foods are harvested only when their nutrients are most plentiful. Careful research has revealed which parts of certain plants contain the most nutrients. We select only the highest grade of plant foods for our products, and carefully maintain the balance in every formulation. Processing is the next step in manufacturing E. Excel products. This is required to prevent the loss of phytochemicals after a plant is harvested. The longer a plant remains uneaten or unprocessed, the more nutrients it loses. Although there are many different methods of processing available, every plant food has one ideal method for preserving its unique combination of nutrients. Some plants require heat to destroy toxicity, and other plants cannot be exposed to heat or valuable nutrients will be lost. Using the latest technology available on the market, we employ methods such as freeze-drying and spray drying to process our whole foods. Highly specialized equipment Page 38 Brand Management of E.Excel International, Inc Jessiyar 041FM005 allows us to carry out the processing techniques quickly and efficiently to ensure that our plant foods are processed under optimal conditions. To ensure consistent, high quality nutrition in every formulation, E. Excel scientists perform regular tests for quality control. Every plant food we use must pass the same high standards of excellence. The plants are tested for contamination of any kind before they are used to manufacture E. Excel products. Anything less than the highest quality is rejected. We conduct product tests at various stages of the manufacturing process to determine product efficacy. This practice makes it possible to produce pure, healthy products ideal for strengthening the immune system. Good health is perhaps the most important thing that anyone can ask for, and we are committed to helping you achieve this goal by providing the finest whole food products available anywhere. Because our products are consumed by the old, young and people of every age in between, we have taken on the responsibility to ensure that every product meets E. Excel's high standards of excellence. So that the public praise of customers is high and fine. Weakness Without any TV and Graphic advertising, the company is not very famous in China now. Company political system always change, makes store holders and customers confused. Internet stores sell products in a very low price, with illegal discount. The source of product is unclear, it is possible the products are fake, breaks the customer credit. Opportunity The launch of direct marketing law, the customers’ requirement of nutritional products, and the large development area of Chinese market provide the grandiose opportunity to E.Excel. Health products are popular in Chinese market, especially in gymnasium, vegetarian circle; E.Excel can get the high sales market by its good public praise. Threat Too many same type products competitors, too many fake products, people don’t know how to choose the best and right one. Fake products break the brand loyalty of customers. Clients always love the new and loathe the old, attracted by the latest products. Page 39 Brand Management of E.Excel International, Inc 4.7 PEST Jessiyar 041FM005 20 ○ Political Because E.Excel is a pyramid selling company in foreign countries; pyramid selling in China is illegal, so E.Excel in China is direct marketing selling system. In 2005, China government launched the latest law of direct marketing, direct marketing is legal, and the selling road of E.Excel in China is bright and considerable. Economic The trend of commodity prices in China is upwards this year, relatively speaking, the price of original produce materials increases, the sales price of E.Excel is not changed, and people would like to buy E.Excel products. Social People pay more attention on healthy management in their daily life, they care about what they eat, how they eat, are their eating healthy or not, how to eat mote health. E.Excel products can satisfy their requirement. Technological Digital period is coming; almost everything is related to digital. E.Excel has a full set of refining equipment, complete automated computer-controlled equipment, and a series of advanced production equipment. E.Excel takes full advantage of digital technology. World-class processing facilities controlled by a computer center effectively prevent cross pollution to ensure the highest product quality. A uniform, fast and accurate production process brings about high quality products. A standardized, strictly controlled flow production leads to high productivity. Unique freeze-drying facilities effectively remove impurities while retaining the ingredients’ original color, taste and nutrients. Get easy access to optimal nutrition in the form of small capsules. E.Excel unique food powder products cater to consumer’s busy lifestyle. 20 A review of E. Excel International ○ Page 40 Brand Management of E.Excel International, Inc Jessiyar 041FM005 5. Brand Assessment Page 48 Brand Management of E.Excel International, Inc Jessiyar 041FM005 5. Brand Assessment Current situation The world’s famous nutritional food company, provides the excellent products to customers In 1987, E. Excel International, Inc. was established by Dr Jau-Fei Chen in Springville, Utah, USA. Its headquarters and spacious manufacturing plant lie on 15 acres of land at the base of the Wasatch Mountains. Presently, E. Excel International is one of the finest health food manufacturers in the world. E. Excel continues to grow at a rapid rate because of its commitment to manufacturing the finest quality products and teaching the principles of Nutritional Immunology to promote healthy living. Currently, E. Excel International has expanded from the USA and Canada into Singapore, Malaysia, Taiwan, Korea, Philippines, Thailand, Hong Kong, China, and many countries in Europe. It is a truly international company. With each passing year, E. Excel experiences tremendous growth. The company has now expanded to include manufacturing facilities not only in the USA, but also in Singapore and Shanghai, to ensure a continued supply of products around the world. Over two decades since its inception, E. Excel has built a reputation that lives up to its name: Excellence. Page 49 Brand Management of E.Excel International, Inc Jessiyar 041FM005 7. Brand Blueprint Page 57 Brand Management of E.Excel International, Inc 7. Brand Blueprint Jessiyar 041FM005 25 ○ 7.1 Brand name The meaning of E.Excel’s name The meaning of E.Excel’s Chinese name “丞燕” is akin to the symbolism of the swallow in the E.Excel logo. The company dreamed of representing Excellence. From our dreams came our name – E.Excel International. The E. represents Extra, with Excel symbolizing our pursuit of Excellence. This corporate philosophy is not just firmly engrained in the way the Company is run, but also reflected in its product research and development. E.Excel will always pursue excellence and insist on perfection in all areas, including research, development, technologies and product quality. 7.2 Brand logo Extend your wings and soar Why is the swallow chosen to be in the E.Excel logo? The swallow may be a small, graceful bird but it has powerful wings that enable it to fly great distances. The swallow is an explorer, found in many parts of the world, and will travel thousands of miles each year to reach its seasonal destination. Swallows also have an innate sense of unity. As each swallow flaps its wings, it creates an uplift for the birds that follow. When a swallow is injured, two swallows will follow it to help and protect it. Such team spirit is central to the E.Excel family. Page 58 Brand Management of E.Excel International, Inc Jessiyar 041FM005 11. Conclusion Page 82 Brand Management of E.Excel International, Inc Jessiyar 041FM005 11. Conclusion Through the brand assessment of E. Excel, we can know that E. Excel is a genuine brand. It has a high commitment to their employees and customers, the company try its best to satisfy its customers’ needs, and they did many event to promote their brand promise and culture, to enforce the brand image. But E. Excel still has the huge space can be improved to let it be stronger. As a genuine brand, E. Excel is not only should pay attention on what they have done, such as the brand promise they deliver to consumers, satisfy the customers’ needs, etc; but also should focus on what they have to do, like get more market share, to exceed Amway become the leader of nutritious food industry. From 1987 till now, it has been 20 years since E. Excel’s inception. But one thing remains the same despite the passage of time: the continuous efforts in R&D, in sparing no expense to ensure perfection in every product, and the spirit of staying true to its mission of benefiting mankind. For 20 years, E. Excel has been disseminating the seeds of knowledge of Nutritional Immunology from the USA to all over the world, such as Canada, China, Europe, Hong Kong, Taiwan, Korea, Malaysia and Thailand. Today, E. Excellers can be found all over the globe staying true to one mission: Dr Jau-Fei Chen’s dream of creating a disease-free world. And in the future, together with the combined efforts of E. Excellers, E. Excel will lead Nutritional Immunology into the lives of many, and all over the world. Page 83