Categories: SWOT Analysis

Marketing Plan of Domino’s Pizza

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<h2>Executive Summary<&sol;h2>&NewLine;<p> Domino’s Pizza is an American restaurant chain and an international franchise pizza delivery company&period; The company started its origin in 1960 and now known to be the second largest pizza chain in the United states after Pizza Hut&period; The parent company is headquartered in Michigan&comma; US and maintains the overall control on the sourcing and supplying of raw materials to other franchises&period; <&sol;p>&NewLine;<p>Here is a brief marketing plan of the company that explains where the company stands out in the market and how it can remain sustainable in the years to come&period; <&sol;p>&NewLine;<p><b><&sol;b> <&sol;p>&NewLine;<h2>Challenges<&sol;h2>&NewLine;<p>The Domino’s Pizza Company is recognized as the world’s leading pizza Delivery Company&period; The company faces an ongoing challenge of ever-increasing awareness of its latest deals and boost up user engagement and sales&period; <&sol;p>&NewLine;<h2>Situational Analysis<&sol;h2>&NewLine;<p>Domino’s Pizza began as a single store in 1960 and now holds the recognized world leader position in pizza delivery&period; The company operates over 11&comma;000 stores in more than 70 countries&period; Domino’s pizza has been known as the pioneer of pizza delivery business since its foundation and the total system delivers more than 400 millions pizzas all across the world&period; <&sol;p>&NewLine;<p>In the beginning&comma; pizza was the only item on the Domino’s menu but in order to remain competitive the company evolved itself and extends its product line&period; The Domino’s has 26&percnt; of UK market just a little ahead of the Pizza hut with a much greater dominance in the growing delivery market&period; <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>The current market cap is &dollar;4&period;21B&period; <&sol;p>&NewLine;<h2>Customer Analysis<&sol;h2>&NewLine;<p>Domino’s Pizza knows very well that the consumers are price sensitive and by increase in price can lead to a decrease in sales &period;This is why Domino’s Pizza does not perform dine-in offerings to its customers and instead focuses on delivery and carry out methods&period; The company successfully targets a large no of customers online due to its fastest delivery service&period; <&sol;p>&NewLine;<h2>Competitive Analysis<&sol;h2>&NewLine;<p>Pizza Hut is the strongest competitor of Domino’s Pizza penetrating in the market since 1958&period; Both of the brands are being respected for its social media engagement and permanence&period; Pizza hut takes the lead over Domino’s Pizza in terms of food taste and no&period; of stores in the market&comma; while Domino’s is preferred over quick delivery service&period; <&sol;p>&NewLine;<p>Pizza hut’s strength lies in its strong marketing campaigns and superior food quality and services&period; However&comma; the prices are high compared to the Domino’s Pizza&period; <&sol;p>&NewLine;<p>The current market cap is &dollar;31&period;81B&period; <&sol;p>&NewLine;<h2>Collaborators<&sol;h2>&NewLine;<h3>Joint Ventures<&sol;h3>&NewLine;<p><b><&sol;b>The Company launched its first outlet in Vietnam with a Vietnamese franchisee Vietnam food and Beverage Service&period; <&sol;p>&NewLine;<h3>Subsidiaries<&sol;h3>&NewLine;<p><b><&sol;b>Domino’s Pizza LLC &lpar;Michigan&rpar;&comma; Domino’s Pizza IP Holder LLC &lpar;Delaware&rpar; etc&period; <&sol;p>&NewLine;<h2>Climate&colon; Pest Analysis <&sol;h2>&NewLine;<h3><b>Political and Legal Environment&colon; <&sol;b><&sol;h3>&NewLine;<p><b><&sol;b>The political factors that could affect the company’s business may include the laws and regulatory framework of the country&period; The political instability may disrupt the company’s routine operations as well&period; <&sol;p>&NewLine;<h3><b>Economic Environment<&sol;b><&sol;h3>&NewLine;<p><b><&sol;b>The domino’s Pizza conducted a survey where they found out people are more willing to purchase mostly in the beginning of every month&period; If there is a rise in the inflation rate&comma; the cost of raw material will also increase which will further increase the price of the company’s products&period;<b><&sol;b> <&sol;p>&NewLine;<h3><b>Social and Cultural Environment<&sol;b><&sol;h3>&NewLine;<p><b><&sol;b>Domino’s Pizza has adapted itself according to the social and cultural values and beliefs of the country where they operate<b>&period;<&sol;b> <&sol;p>&NewLine;<h3><b>Technological Environment<&sol;b><&sol;h3>&NewLine;<p><b><&sol;b>The new consumer technology has had a huge impact on the restaurant industry&period; Domino’s took advantage of this opportunity and implemented a mobile and web ordering development&comma; social media integration that increases brand awareness&comma; sales and customer satisfaction&period; &lbrack;large&rsqb; <&sol;p>&NewLine;<h2>SWOT Analysis <&sol;h2>&NewLine;<h3>Strengths<&sol;h3>&NewLine;<p>&CenterDot; Strong brand recognition&period; <&sol;p>&NewLine;<p>&CenterDot; Strong brand loyalty&period; <&sol;p>&NewLine;<p>&CenterDot; Hygienic food quality and service&period; <&sol;p>&NewLine;<p>&CenterDot; Known as the leader in online and carry out ordering&period; <&sol;p>&NewLine;<p>&CenterDot; Brand equity is well maintained through heavy advertising and marketing campaigns&period; <&sol;p>&NewLine;<p>&CenterDot; Global franchise operations in more than 70 countries&period; <&sol;p>&NewLine;<p>&CenterDot; Effective supply chain management&period; <&sol;p>&NewLine;<h3>Weaknesses<&sol;h3>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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