STATEMENT OF THE PROBLEM:
Would it be
better to use the Pillsbury’s Haagen-Dazs brand name or a different brand name
for its low-fat ice cream?
OBJECTIVE:
To determine
the best brand name that the Pillsbury’s Haagen Dazs shall use for its low-fat
ice cream to counter its competition.
AREAS OF CONSIDERATION:
Market, Pillsbury
Haagen Dazs, Competition
ALTERNATIVE COURSES OF ACTION
1. Pillsbury’s Haagen-Dazs will still be the brand
name to be used for its low-fat ice cream.
Advantages:
The market
already knows the brand name Haagen-Dazs as one of the brand names of ice
cream. The retention of brand name will
also do good for the company because it will save them from extensive
advertising in the market for it although there would still be advertising but
not as much as having a new brand name.
Retaining the brand name would also be doing well to the company because
it will make them look bigger than ever with their existing competition.
Disadvantage:
The downfall
of one product using the same brand name
would also be the downfall of the rest of the products.
2. Pillsbury will use a different brand name for its
low-fat ice cream.
Advantages:
Usually the
market would opt for something new and trendy so using a different brand name
would pique the interest of the consumers and buy for it so it would make the
product saleable. The success of one
product would also bring up the other products also. It would be a good competition with the other
ice cream products in their company. A
lot of companies are already using this kind of strategy and works well with
them.
Disadvantage:
Pillsbury
would spend a lot in advertising since it is using a different brand name.
RECOMMENDATION
I recommend
for alternative course of action number 1, that is, Pillsbury’s Haagen-Dazs will
still be the brand name to be used for its low-fat ice cream because it would be least costly for
the company and they are already known for their brand name of ice cream in the
market. The retention would strengthen
their product in the market and the consumers would be anticipating a different
but still delicious ice cream from them.
So I would rather grab the opportunity while the coin of success is
still mine.
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