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This report answers the following questions on the case study - - The task
- Your task is to read and consider the information provided in the case documents. Based on your studies so far in the course you are required to audit the actions and strategies of Lego from a marketing perspective and provide specific advice and commentary to Lego for their future direction in the areas noted below.
- 1. Building Strong Brands:
- a. How has Lego valued and managed its brand equity?
- b. Conduct a brief competitive analysis for Lego, what can this tell you about their brand positioning and what advice would you offer to improve or strengthen where you currently seem the positioned?
- 2. Shaping the Market Offerings:
- a. What are your thoughts about Lego's current pricing strategy and what price adaptations should they consider in their marketing strategies moving forward and what would you advise their primary pricing objective to be? Explain and defend your reasoning.
- 3. Delivering Value:
- a. How would you advise Lego in relation to their distribution strategy for their products and what market-logistics issues should Lego consider and what would you advise in relation to their channel levels and intermediaries
- 4. Communicating Value:
- a. How could Lego use and capitalise on word-of-mouth communications, customer driven and viral marketing techniques;
- b. How might Lego use concepts such as co-creation to increase its market share and relevance to its customers?
- c. What forms of interactive marketing would be most appropriate for Lego given its objectives and channel decisions?
- d. How can Lego drive customer-focused marketing and strategic innovation throughout their organisation?
- 5. Creating Successful long-term growth:
- a. What role should social responsibility play, if at all, in Lego's marketing strategy moving forward?
- b. How should Lego evaluate its marketing efforts to date and for the future? Suggest several specific steps they should take and defend these suggestions with appropriate theory?
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