2
1. What is marketing management?
Today’s businesses operate in a dramatically
different marketplace. Not only has technology
enabled customers to access products and
services globally but the advent of globalization
itself has made foreign brands available in the
local markets. Customers and companies are
also increasingly aware of social responsibility,
leading to a marketplace where all participants
are more informed, responsible, and
respondent.
Marketing management is essentially the management of a business’ marketing strategy that involves
application, tracking and review of how well a company utilizes its marketing resources. It is not only
aimed at increasing the customer base but also strives to enhance the value perceived regarding the
company’s products and services.
Businesses need effective marketing to promote their products and services and create demand for
them which in turn generates revenues. Marketing is a very broad term used for activities such as
advertising, product design, and market research, all of which promote a firm’s brand and help it stand
out.
2. Bellamy’s Australia Limited
2.1 Company Overview, industry and
products
Bellamy’s Australia is a food and
beverage company that specializes in
supply, sale and distribution of organic
food and formula products for toddlers,
babies, and young children. With its
mantra ‘A pure start to life’, the
company’s mission is to make simple,
nutritious and organic food that is free
from all the bad stuff and gives a pure start to life. It operates in the ‘food and beverage’ industry
which is Australia’s largest manufacturing industry. Bellamy’s had a turnover of A$328.7 million for
financial year 2018 (Bellamy’s Australia Limited, 2018).
Bellamy’s Australia offers a wide range of products that are broadly categorized into ‘Formula’ and
‘Food’. The ‘Formula’ products include a range that evolves with the baby’s age and includes infant
formula, follow-on formula, toddler milk drink, junior milk drink and a pregnancy formula.