case in marketing - madonna case
DESCRIPTION
SWOT analysis of Madonna brandTRANSCRIPT
SWOT Analysis - MADONNA
• STRENGTH• Madonna has large and loyal fan base
• Strong brand name (well established)
• Big market share
• WEAKNESSES• Age (old)
• Difficult to get new fans
SWOT Analysis - MADONNA
• OPPORTUNITIES
• Collaboration with new / young artist
• Ability to invent new product to get new market (clothing, gym, perfume, bag)
• Internet growth (advertise the brand : Twitter, Facebook)
• THREATS
• Competitors (old and young artist, e.g. Britney Spears Lady Gaga)
• New artists who imitate Madonna’s style
• High-end brands in the market
Madonna’s Strategy• Expand brand positioning strategy
• To get broader audience, more loyal fan base, but still focus on the older loyal fans. Collaborate with other artists.
• Always reinvent the brand
• Do research, make unique brand / style in competitive market so it would be difficult to imitate.
• Differentiate the brand
• The brand should be memorable and meaningful
• Use technology and the internet (creative industries)
• Music (iTunes), Social Media (Facebook, YouTube), Fashion, MTV
• Associate with the brand • Madonna as the person and as the brand itself