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Jakub Szczapa
Kacper Włodarczyk
Mateusz Żyła
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Market penetration- the number of rich Product development- WITTCHEN is
people in Poland is increasing, which already actively investing in developing
WITTCHEN can utilise to increase their new lines of products. Despite having
sales. The brand is already known as some series which started off in 90s,
luxurious and marketing campaigns can WITTCHEN is regularly launching new
help them increase sales. A good example product lines, including f.e. suitcases. This
of market penetration is the recent strategy looks very promising, despite
campaign in Lidl. being quite risky, as WITTCHEN brand has
already established its position as leader
on the exclusive leather goods market.
Market development - WITTCHEN is Diversification- this may be the most risky
widely recognisable as a luxury brand in strategy for WITTCHEN. Expansion on a
Poland, but it is not known in western new market with introducing new products
countries. The company can safely expand is always dangerous, however as
by opening new salons, for example in mentioned before, WITTCHEN already has
western Europe. The target audience for a great established reputation on the
WITTCHEN would be very hard to change market. With conducting specialised
because of their specialisation, but the research including hiring business
company can also try to make more consultants before entering new market,
products for men. WITTCHEN may thrive and develop on it.
Best choice and explanation
In our opinion the best choice for WITTCHEN right now would be to focus on the product
development. Diversification is obviously too risky and frankly unnecessary, as the brand is
in position where they are firmly established on the market and their product is actually
exactly what they are designed to produce. Market development may be efficient, as they
can move to western market and increase their influence on the eastern one, however in our
opinion the most effective thing for WITTCHEN to do now is to develop their products. They
already have them on a very high quality which is going to be very hard to improve, but
obviously it is not impossible. Nevertheless, the thing that we wanted to put the biggest
emphasis on was the introduction of new lines of products, especially for men. Most of the
products offered by the brand are primarily for women, and therefore they are the main
customers of the brand. We believe, that men are also attracted by the company, and
therefore it should introduce a broader line of products for them. It could be anything, but
giving an example, it could be a completely new line of leather backpacks or for example
introduction of new line of leather coats and jackets. Although WITTCHEN is currently in a
very good position and seemingly they don't need to improve much, it is obviously to stay
active on the market, always being one step ahead of the competition.