How we applied STRAP™ to a beverage brand in South Africa
BACKGROUND
A brand plan is a document that should summarize “where we are now.” “where we want to play” and “how we can win.” This includes a description of the marketing initiatives planned to achieve the business goals, and some of the tactical details (e.g., product, price, channel strategy, calendarized promotional activities, etc.) for each initiative and the associated budget, as well as KPI metrics to track success. A good brand plan must be sufficiently simple to generate buy-in from senior management; yet it also needs to provide sufficient details to generate consensus and address questions from multiple stakeholders, such as finance, commercial, operations, and creative
A beverage brand in South Africa faced declining sales and a complex set of portfolio and marketing activities required to achieve its ambition. Their team asked us to help facilitate the brand-planning process by connecting consumer strategy to commercial initiatives in a multi-day workshop
PROBLEM
When consumer choice moves so quickly, how do you accelerate your brand planning process while ensuring that it integrates your consumers’ insights, aligns with your commercial strategy, and reflects your business priorities?
APPROACH
We used the STRAP™ approach to answer four basic questions:
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- Do your initiatives reflect your Strategic Targets: the consumers, the occasions, the drivers and barriers that you want to address?
- What Risks have you not accounted for and need to be addressed? Consider consumer backlash, legal barriers, cannibalization, poorly tested communications, supply chain constraints, etc.
- Are your initiatives Adequately resourced in terms of budget, manpower, and time?
- Do you have a clear sense of Priorities among your initiatives based on their expected impact and your business goals? This should include some sort of quantification of expected ROI, to varying degrees of sophistication based on what’s feasible.
Performing a STRAP™ diagnostic requires a multidisciplinary approach. It is more holistic than a marketing mix modeling (but can make more strategic use of it) and includes other statistical and data mining techniques as well as qualitative mechanisms designed to collect key information from various stakeholders.
- Ensure you have clear and quantified the growth pillars for your brand that are going to bridge the gap between your brand current situation and its business goals. These pillars vary by industry, and might include consumer targets, needs to address, key occasions to win, or innovation.
- Gather all your stakeholders in one room, go through your initiatives, and rate them against their potential to deliver on each one of the growth pillars and your level of confidence for each.
- Review the findings and compare to the marketing spend and resource allocation that you have planned against each initiative, and see if they align.
EXAMPLES OF FINDINGS AND CLIENT'S IMPACT
- Overall good fit of Brand Plans with Strategic Plans, but opportunity to shift the focus from a pure frequency strategy into a more balanced mix of frequency and recruitment, especially in some demographics. This also required a renewed focus on Occasions and Motivations that had previously been ignored
- Identification of a new sponsorship opportunity to deliver one of the newly identified growth corridors
- Total initiatives collectively unlikely to meet ABP growth target, pointing to a 1.2% decline vs. a 2.2% growth target. This would mainly be driven by a continued decline of one of the brands in the portfolio, not sufficiently offset by other existing brands and by innovation. This realization drove a renewed effort from SLT to accelerate growth in other categories to still meet overall company plans