smcgrath76: I have heard that comparison made before (Coke spending 5% of retail sales on promotion) but what Coke spends on marketing may not even be relevant for another soft drink manufacturer much less beef or other food products. Each product, each brand whether it is beef in the cooler or packaged frozen ready to eat meals would have a different marketing strategy, different marketing and distribution channels, be in a different competitive environment, be positioned differently and the amount of retail sales spent on communications (promotion) should be appropriate for that brand’s marketing strategy irrespective of what Coke spends.
Cakadu: Interesting comments re putting all eggs in one basket with one brand. Proctor Gamble has many brands of basically similar detergents and other products competing in the same market on the same shelf space.
The Minnesota Department of Agriculture has created what is effectively a brand for its pork products called MinnCert. The program is based on ISO 9000 principles and a third party certifier will ensure that producers who voluntarily participate adhere to quality standards that guarantee the customer superior quality, minimized food safety risks and traceability to the farm of origin. Basically MinnCert’s philosophy is "Say what you do! Do what you say!"
http://www.cvm.umn.edu/anhlth_foodsafety/MinnCERT.html
Canadian beef’s brand credibility has been damaged. I see our industry will need to be able offer our customers genuine, similar assurances as MinnCert before we should be spending more money on promotion.
Cakadu: Interesting comments re putting all eggs in one basket with one brand. Proctor Gamble has many brands of basically similar detergents and other products competing in the same market on the same shelf space.
The Minnesota Department of Agriculture has created what is effectively a brand for its pork products called MinnCert. The program is based on ISO 9000 principles and a third party certifier will ensure that producers who voluntarily participate adhere to quality standards that guarantee the customer superior quality, minimized food safety risks and traceability to the farm of origin. Basically MinnCert’s philosophy is "Say what you do! Do what you say!"
http://www.cvm.umn.edu/anhlth_foodsafety/MinnCERT.html
Canadian beef’s brand credibility has been damaged. I see our industry will need to be able offer our customers genuine, similar assurances as MinnCert before we should be spending more money on promotion.
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