H.J.Heinz Marketing Strategy Case Study Example | Topics and Well Written Essays - 2500 words

H.J.Heinz Marketing Strategy - Case Study ExampleThe paper shall examine these with specific reference to the initiatives launched by the come with and recommendations testament be given about the issues that can be changed within the company.Heinz has established a name for themselves in the pabulum industry through their pricing strategies. Usually, the company studies markets in its respective environs and then looks for a way in which it can stay ahead of that competition. Their prices are normally sufficient enough to attract clientele, while at the same time maintaining a level of profitability and competition within its respective regions.Numerous marketers acknowledge the fact that when sufficient treasure has been added onto a harvest, then its pricing becomes a secondary factor in convincing clients to purchase the item. For instance Heinz ketchups contain additional ingredients such as garlic and other flavours that can be used to enhance its overall taste and henc e its value. This is the reason why consumers became loyal to the brand. In addition to the latter, pricing is as well as largely determined by the strength of the brand. For instance, when one considers some of the goods offered by the company, it can be seen that some of them may be much higher than what their competitors bewray them for. However, because of the strong brand name, some people who are loyal to the Heinz brand may be willing to pay a little extra for the commodity as long as it comes from the H. J. Heinz food company. (Grant, 2005)Heinz pricing strategies are also largely affected by their geographical proximities. For instance, the largest pickle manufacturing Heinz factory is located in its headquarters within the United States. Consequently, some countries that may be in need of this product but are far from the United States will withdraw to include the additional costs that come along with shipment and the like.Heinz usually incorporates a lot of in-store d iscounting in its product offering. Most of the time, this is done through a range of grocery stores or it also deals with a series of hyper stores too. The company realises that in order to boost their sales at the last point of click with the consumer, there is a need for one to establish a mechanism that will encourage this kind of initiative. (Balakrishnana & Coyne, 1995)Perhaps the most important aspect in Heinzs marketing strategy is the strength of its products. First of all, Heinz is largely known for its fifty-seven-varieties advertisement and logos. The company has invested thoroughly in offering a range of food items such as pickles, sour onions, tomato sauce and many other varieties. The number fifty seven does not signify the exact number of products available to a lower place the Heinz name because these products are much more than this. However, the number is meant to indicate just how diverse the companys product offerings are and also, to capture consumers attenti on. (Mc Gahan, 2004)The major strategy behind Heinzs product strategy over the past three years has been to streamline their product offering. The company realized that in order to offer better quality products, it would be more helpful for them if they categorised their items. This was the reason why the company decided to offer all their products under three major brands that includedSaucesKetchupsBaby foodConvenience meals The company was determined to grow this category by buying out other companies that had specialised in some of their weak categories such as the