Differentiation: A strong brand helps a company stand out in competitive markets by clearly communicating its value proposition. It creates a unique identity, establishes a competitive edge, and positions the company as a leader in its industry. For example, Google is synonymous with internet search.
Customer Loyalty: A positive brand experience builds emotional connections, making customers less price-sensitive and willing to pay a premium. Loyal customers generate repeat business and act as brand ambassadors, reducing customer acquisition costs and boosting long-term profitability.
Talent Acquisition and Retention: A strong brand not only attracts top talent but also enhances employee morale and engagement. Employees who identify with a reputable brand are more motivated, productive, and committed, driving better business outcomes.
Scoring brand strength is subjective because it relies on individual perceptions and interpretations of various factors, such as customer sentiment, market dynamics, and the competitive landscape, which can vary.
Using our scoring methodology, the average score of a business is calculated as being C (average). This differs from the average score of the top 10,000 businesses featured in our coverage. Weighted to that cohort, the average brand strength score increases to a B (good).
The analysis team have noted the following factors impacting its brand strength:
The 7Ps of marketing are crucial components of strategic decision making for any organisation in any industry vertical.
Using the 7Ps in competitive analysis provides a holistic view of the marketplace, allowing businesses to refine their strategies, capitalise on competitors' weaknesses, and better meet consumer needs. The 7P's are defined as:
- Product/Service
- Price/Fee
- Place/Access
- Promotion
- People
- Physical Evidence
- Processes
All these elements together frame an organisation's marketing mix, crucial for creating effective marketing strategies.
This 7P analysis is designed to provide a valuable insight into the business strategies of the company. It can be used to reveal strengths and weaknesses in their marketing mix, offering opportunities to compare and enhance a business.
1. Product/Services: Olam International is a leading global agribusiness company that offers a wide range of products and services. Their product portfolio includes agricultural commodities such as cocoa, coffee, nuts, and spices, as well as edible oils, rice, and dairy products. They also provide services such as sourcing, processing, and distribution of these products.
2. Price/Fees: Olam International follows a competitive pricing strategy for its products. The company offers a variety of pricing options to cater to different customer segments. They also provide volume discounts and promotional offers to attract customers.
3. Place/Access: The company has a strong global presence with operations in over 60 countries. They have a well-established distribution network that ensures easy access to their products for customers worldwide. In addition, Olam International has invested in infrastructure and technology to ensure efficient supply chain management.
4. Promotion: Olam International uses a mix of traditional and digital marketing strategies to promote its products and services. They advertise through various media channels, participate in trade fairs and exhibitions, and also use social media platforms to reach out to their target audience.
5. Physical Evidence: The company maintains high-quality standards for its products and services, which serves as physical evidence of its commitment to providing top-notch products. They also have a strong brand reputation and customer testimonials that act as evidence of their reliability.
6. Processes: Olam International has a well-defined and streamlined process for sourcing, processing, and delivering its products. They have implemented efficient supply chain management processes to ensure timely delivery and maintain quality standards.
7. People: The company values its employees and invests in their training and development. They have a diverse workforce that brings in different perspectives and skills, which helps in the growth and success of the business. Olam International also has a strong focus on corporate social responsibility, which highlights their commitment to people and the community.