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Business & Marketing
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English (U.S.)
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Topic:

Branding Strategies for the New App: SWOT Analysis

Coursework Instructions:

-You are working for a health care organization that is starting a new service. You will be part of the roll-out for a new app that allows patients to access personalized health advice 24/7. What are some realistic branding strategies you could use to evaluate the new service? Be sure to provide rationale for your choices.
JUST USE THE SCENARIO ABOVE TO COMPLETE THE PAPER
-be creative
-you can use the SWOT analysis to help create branding strategies
Step 1: Strengths
First, identity one or two major competitors. Next, consider what does the company/product do better than (or at least equivalent to) the competition. This could be:
Specific product attribute advantage.
Brand perceived value.
Customer service of company.
Step 2: Weaknesses
What does the company/product do that is not as good as the competition? How is this going to affect your customer's sales?
Thought needs to be given to how you can compensate for, or overcome these issues. What is the cost of overcoming these issues?
Is it necessary to overcome the issues or are they something you can accept and deal with?
Step 3: Opportunities
What area of the market could you enter with some modifications to the product/service or company? The main elements here could include:
Change size, shape, or color.
Additional services.
New packaging.
Different distribution points.
New promotional focus.
Step 4: Threats
What actions could threaten the product or standing in the market?
New competitor entry.
Major product failure.
Reduction in promotional spend.
Customer changes.
Changes in the market.

Coursework Sample Content Preview:

Branding Strategies for the New App: SWOT Analysis
Name of the Student
Institution
Course
Instructor’s Name
Date
Branding Strategies for the New App: SWOT Analysis
Strengths
GoodRx is a key competitor for the new app, which offers access to affordable prescription medications. However, the new product is more advanced because, unlike the rival, it offers primary healthcare services. GoodRx does not offer medical interventions. The customer service for the new app is 24/7 and has a customer service team that is available for all with a wait time of less than 1 hour.
Weaknesses
The new product does not have prescription discounts. Clients may opt for Good Rx because it gives these discounts hence a loss of sales. The firm can overcome this issue through a future partnership with a firm that can sell medications to customers at lower fees. Also, the new app will not issue discount cards for its services. However, this is an issue that the firm can deal with because the product is o...
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