See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/360400433 Rebranding of BlackBerry Research · April 2021 DOI: 10.13140/RG.2.2.12368.38401 CITATIONS READS 0 1,150 2 authors: Ahnaf Tahmid Mst. Jakia Afrin Ome East West University East West University 7 PUBLICATIONS 3 CITATIONS 13 PUBLICATIONS 0 CITATIONS SEE PROFILE All content following this page was uploaded by Mst. Jakia Afrin Ome on 05 May 2022. The user has requested enhancement of the downloaded file. SEE PROFILE East West University Rebranding of BlackBerry MKT201 Section- 6 Prepared for Sunny Saha Lecturer Department of Business Administration East West University Prepared by Name ID Participation (%) Anikah Naower 2020-1-10-441 16.67% Bhuiyan Md. Tasnim Hossain 2020-1-10-452 16.67% Md. Zahid Hasan 2020-1-10-208 16.67% Mst. Jakia Afrin Ome 2020-1-10-221 16.67% Qazi Zulfiquer Ahmed Jafree 2020-1-10-401 16.67% Ahnaf Tahmid 2020-1-10-327 16.67% Date of submission 28th April 2021 i Letter of Transmittal Sunny Saha Lecturer, Department of Business Administration East West University Aftabnagar, Dhaka-1212, Bangladesh Subject: Term Paper on Rebranding of BlackBerry. Dear Madam, It gave us immense pleasure in presenting this thesis paper, which was assigned to us in the MKT201 course. In this report, we have tried our level best to carry out the “Rebranding of BlackBerry”. We consider ourselves very privileged to prepare this report under your guidance. This has been an enormous opportunity for us to learn about this sector. It has provided us with a great scope of applying the gathered knowledge in the practical field. We must mention here that we are extremely grateful to you for your valuable guidance, tiresome effort, and constant attention whenever required. We will be pleased to answer any sort of query you think is necessary, as now and when needed. I would like to draw attention, particularly to the matter that there is always a space for clarification of any relevant topic. Sincerely, Ahnaf Tahmid ID: 2020-1-10-327 On behalf of the group ii Acknowledgment We would like to express my utmost gratitude and wholehearted appreciation to all those who helped us and provided us with guidance and the opportunity to complete and present this term paper. First of all, we would like to thank our honorable faculty supervisor, Sunny Saha, Lecturer, Department of Business Administration, East West University for providing us with the opportunity to observe and analyze such an interesting topic “Rebranding of BlackBerry” and for her supervision, relentless guidance and invaluable advice whenever needed. Secondly, we would like to give thanks to our friends and group members, for their enthusiastic encouragement and helps during the preparation of this term paper by sharing ideas regarding this subject and for their contribution in typing and proofreading this script. We are also grateful to our dearest parents, who encouraged us to extend our reach. With their help and support, we have been able to complete this term paper. iii Table of Contents Executive Summary ...............................................................................................................vi CHAPTER 1: Introduction ....................................................................................................1 1.1 Background of the study ..............................................................................................1 1.2 Objectives of the study ................................................................................................1 1.3 Limitation of the study ................................................................................................1 CHAPTER 2: Situation Analysis and Market Overview ....................................................2 2.1 Scenario Analysis ........................................................................................................2 2.2 Company Overview .....................................................................................................2 2.3 Competitor Analysis ....................................................................................................2 2.4 Consumer Perceptual Mapping ...................................................................................3 CHAPTER 3: Analysis of Threats & Opportunities ............................................................4 3.1 SWOT Analysis ...........................................................................................................4 CHAPTER 4: The Rebranding Strategies ............................................................................6 4.1 Core Values .................................................................................................................6 4.2 Holistic Selling Proposition .........................................................................................6 4.3 Brand Identity of BlackBerry ......................................................................................7 4.4 Brand Name .................................................................................................................7 4.5 Brand Logo & Symbol ................................................................................................7 4.6 Brand Slogan ...............................................................................................................8 4.7 Brand Packaging ..........................................................................................................8 CHAPTER 5: The Marketing Strategies ............................................................................10 5.1 Segmentation .............................................................................................................10 5.2 Targeting ...................................................................................................................11 5.3 Positioning .................................................................................................................11 5.4 Product Strategy ........................................................................................................12 5.5 Pricing Strategy .........................................................................................................12 5.6 Distribution Strategy .................................................................................................13 5.7 Promotions Strategy ..................................................................................................13 CHAPTER 6: Budget ............................................................................................................18 6.1 Budget Plan ...............................................................................................................18 6.2 Budget Allocation ......................................................................................................18 CHAPTER 7: Brand Rebuilding Milestones ......................................................................19 7.1 Activity Timeline ......................................................................................................19 7.2 Implementing Control ...............................................................................................19 CHAPTER 8: Conclusion .....................................................................................................20 Reference ................................................................................................................................21 iv List of Tables Table 01: Immediate Competitors .............................................................................................2 Table 02: Impending Competitors .............................................................................................3 Table 03: SWOT Analysis ........................................................................................................4 Table 04: Skimming Pricing ....................................................................................................12 Table 05: Competitive Pricing ................................................................................................13 List of Figures Figure 01: Perceptual Map ........................................................................................................3 Figure 02: Core Values of BlackBerry ......................................................................................6 Figure 03: Holistic Selling Proposition of BlackBerry .............................................................7 Figure 04: New Logo ................................................................................................................8 Figure 05: New packaging ........................................................................................................9 Figure 06: BlackBerry Market Share Based on Age Distribution ...........................................10 Figure 07: BlackBerry Market Share Based on Profession .....................................................10 Figure 08: BlackBerry Market Share Based on Technology Users ........................................11 Figure 09: BlackBerry Product Positioning ............................................................................11 Figure 10: Newly Released Phone ..........................................................................................12 Figure 11: Distribution Diagram .............................................................................................13 Figure 12: Newspaper Ad ........................................................................................................14 Figure 13: Subway Billboard ..................................................................................................15 Figure 14: Digital Billboard ....................................................................................................15 Figure 15: BlackBerry Facebook Page ....................................................................................16 Figure 16: BlackBerry Instagram Page ...................................................................................17 Figure 17: Budget Allocation ..................................................................................................18 Figure 18: Activity Timeline ...................................................................................................19 Figure 19: Product Release Timeline ......................................................................................19 v Executive Summary As a part of an assignment of East West University, we've been appointed to do a term paper on “Rebranding BlackBerry”. BlackBerry, a Canadian company formerly known as “Research In Motion”, or RIM, was one of the most prominent brands in the smartphone market. However, BlackBerry lost its market share with the rise of touchscreen smartphones. Market analysis shows that the smartphone market is captured by tech giants such as Apple and Samsung. BlackBerry is almost non-existent in the market among these tech giants. Other than these tech giants BlackBerry also has a huge number of competitors. Through the process of rebranding, we want to take BlackBerry to Samsung’s market position in three years. SWOT analysis shows that BlackBerry can be taken to that position with a remodeled identity and strategy. We will be changing BlackBerry’s logo, slogan, and packaging keeping its name and nostalgic identity. We segment the market by geographic, demographic, psychographic segments, behavioral and will use differentiated targeting with a wide range of products. We will take skimming and competitive pricing strategies to set prices for our products and will use a distinctive distribution strategy. For promotion strategy, we will strategize a digital marketing plan along with traditional promoting strategies. We have planned a three-year budget plan to return to its rightful position in the market. We have organized a 15-month activity timeline that will help us follow a precise schedule to release our products that will meet customer expectations to the end. vi CHAPTER 1: Introduction 1.1 Background of the study Smartphones have come a long way since the invention. This is one of the biggest markets in the world economy. This term paper mainly deals with rebranding a declined company that was once a market-leading brand in the product market. Our chosen product is the BlackBerry phones. Mobile phones by BlackBerry were once most sought for mobile phones. However, their misjudgment of the future mobile market lost them their market-leading position. They tried to capture the market again by developing a new operating system but it fell short compared to operating systems like iOS & Android. The purpose of the study is to rebrand BlackBerry and present its new marketing plan. For preparing the report, the information has been mainly collected from the BlackBerry website, Wikipedia, and other authorized articles on the internet. The models and plans that are suggested or taken are derived from thorough market research and analysis. The brand has been remodeled to capture its rightful position in the market. 1.2 Objectives of the study The objectives of the term paper were: 1. To provide a market overview for BlackBerry. 2. To analyze the market situation with perceptual mapping. 3. To display SWOT analysis of BlackBerry. 4. To present a rebranding strategy for BlackBerry. 5. To strategize a marketing plan for BlackBerry. 6. To create a budget plan for BlackBerry. 7. To show the steps of the rebranding of BlackBerry. 1.3 Limitation of the study The presented study is not out of questions in terms of limitations. A few of the limitations pertaining to it are: • The time constraint for the study. • Unavailability of data from primary sources to use in the study. • Researchers’ incapability in conducting the study. 1 CHAPTER 2: Situation Analysis and Market Overview 2.1 Scenario Analysis BlackBerry once dominated the whole mobile Industry with its phone. Their technology was better than Samsung, Sony Ericsson, and Nokia. Shortly after the introduction of the “touch phone” by Apple with their iPhone, BlackBerry lost its position. BlackBerry couldn’t come up with more innovative ideas to compete with iPhone. Analyzing through SWOT analysis, we found out that the main strength of BlackBerry is its built quality and performance and the brand reputation that it has since the beginning. The main issues or lacking are outdated processors, camera quality, and body-to-screen ratio. Then again, no positioning for years and unavailability in most of the country also count as a weakness for BlackBerry. BlackBerry can still do a huge comeback in the smartphone market. If BlackBerry can grab the attention of the younger generation and with proper advertisements and distribution they can infiltrate the current market and do well in the long run. As we live in an age 9f science, smartphones are our daily companion for everything we do start from getting up to going to bed. The smartphone industry is the fastest growing industry in the whole world and now is the best chance for BlackBerry to come back and start production. Availability of products will lead to a loyal customer for the company. 2.2 Company Overview “Get more done and have more fun” is the slogan of how BlackBerry started its production of phones. Whenever we hear BlackBerry the first thing that comes to our mind is that 3.5 inches Black colored phones with a large screen and pop-up keyboards. BlackBerry was created back in 1984 by 2 Engineers Mike Lazaridis and Douglas Fregin as research in motion. Now BlackBerry is a Canadian multinational company which is specialized in Software development and technology. BlackBerry develops Pagers Tablets and Smartphones. Lazaridis served as the CEO of the company till 2012 and the following year John S. Chen took the role of CEO. BlackBerry started with pagers and handsets and in 2011 they sold 50 million units of phones only in the US market. No wonder BlackBerry was labeled as “King of Smartphones”. BlackBerry used to dominate 50% in the US market and 20% globally. The current plan of BlackBerry is to licensing a partnership with TCL Communication a Chinese multinational electronic company to develop their smartphones and various software. 2.3 Competitor Analysis Immediate Competitor – BRAND LG Nokia Sony Oppo Motorola WEAKNESS Low-quality Camera Operating system Built-in sound quality Built quality Unavailability Table 01: Immediate Competitors 2 From the chart, we can see that no company builds a perfect smartphone. There is always some lagging in them. A perfect smartphone would be if a phone had a fast processor, a high-quality camera, strong built quality, and a stable operating system. It’s always hard to find a perfect smartphone with all these features. Impending Competitor – BRAND Apple One Plus Huawei Xiaomi STRENGTH/WEAKNESS Operating system / Price Fast processor / Battery drainage Competitive pricing / Weak capital Availability/product innovation Table 02: Impending Competitors Even the biggest smartphone companies have some major issues regarding their products. If BlackBerry can come up with all the demands it’ll be easy for them to capture the market at once. Invisible Competitor – Smartphones are the most used gadgets since the last decade. Every major and minor work can be done with it in no time and without flaw. So the price of a good smartphone sometimes is very high. To solve this problem there are some local Smartphone companies in the phone industries that produce medium quality smartphones at cheap prices. For this facility, they are slowly gaining loyal customers. They do sometimes build premium-quality smartphones but their major concern is to get customers with cheap phones. 2.4 Consumer Perceptual Mapping Here is the perceptual mapping for all recent mobile phone brands to understand the position we want to capture after rebranding. Technology(High) Cheap Expensive Technology(Low) Figure 01: Perceptual Map 3 Analysis of Threats & Opportunities 3.1 SWOT Analysis As a declined product brand BlackBerry has a lot of threats and opportunities to look out for. Even a small opportunity can bring heavenly benefits for the brand. Strengths • • • • • Brand recognition Security leader Strength in patents Leadership team • • • Opportunities • • • • • • Enterprise of things Increase in cyber attacks Licensing opportunities Weaknesses Historically slow to react to market changes Diminished brand loyalty due to defective devices Branding issues Lack of resources for R&D Threats Evolving technology Competitors Market Saturation Table 03: SWOT Analysis Strengths: Brand recognition The majority of the population in the world has used or in some way been exposed to BlackBerry devices. BlackBerry devices have been used in movies, TV shows, and by many public figures that contributed to the recognition of the brand. Security leader BlackBerry has always concentrated on security. As a result of this strength, BlackBerry has gained the United States Government’s trust. Strength in patents With over 44,000 patents, BlackBerry holds one of the leading portfolios of patents in the technological industry. This strong portfolio of patents creates a strong asset that can provide a strategic advantage among competitors. Leadership team John Chen the CEO of BlackBerry for over 7 years has been steadily improving the company goals and objectives. Over the course of Chen’s tenancy, BlackBerry has seen an increase in optimism as a result of improved margins and adjusted product strategies toward software and services. Weaknesses: Historically slow to react to market changes Before the surge of touchscreen devices, BlackBerry was at the top of the ladder with their keyboard but they did not anticipate that world will be taken over by touchscreen devices and lost their market position. 4 Diminished brand loyalty due to defective devices To compete with newly arrived touchscreen devices BlackBerry hurriedly released one of their product that turned out to be defective. This cost them millions of customers. Branding issues BlackBerry has put very little effort to effectively market the brand and retain its leading position. As a result brand loyalty, awareness, and reputation quickly declined. Lack of resources for R&D With a simple financial comparison with other leading brands in the market right now BlackBerry’s total revenue comes short by a great margin. This leaves BlackBerry with only a small fraction of money for research and development. Opportunities: Enterprise of things With the increase in concern of cybersecurity, BlackBerry should shift away from just producing smartphones and enterprise its security strength to make a better way of securing software. Increase in cyberattacks While cyberattacks are typically a threat to many leading brands, for BlackBerry it is the least of their concern. It is a great opportunity for BlackBerry to create solutions to catch the attention of the investors. Licensing opportunities The abundant patents that BlackBerry holds generate the opportunity of entering into technology licensing agreements. BlackBerry could gain the facility of monetizing its patents which could result in increased earnings and improved margins. Threats: Evolving technology Technology has seen rapid growth in the last decade and became a global threat to all companies including BlackBerry. Competitors As a declined brand BlackBerry has been left behind by many of its competitors. Any new development has a threat of being copied and improved by the competitors to steal a piece of the market. Market Saturation Market saturation is a terrifying threat as we have seen what its influence has done to the smartphone market. Saturation can be consequent of evolving technology, rising competition, or price and hence continuous product development and improvement are needed to have any probability of attaining further growth. 5 Chapter 4: The Rebranding Strategies 4.1 Core Values We believe that living by solid values is the way to great business. By providing employees with a clear direction and a sense of ownership, they will be the key to understanding the rise of BlackBerry in near future. Honesty: Our honesty will ensure our consumers what to validity expect and it will make BlackBerry more trustworthy. Integrity: As our most significant intangible asset, integrity is the way to our endurance and the source of individual and corporate development. Customer Centricity: At BlackBerry, consumers come first. BlackBerry can just exist on account of its clients. Respect for People: BlackBerry always respects every people involved with them including employees to consumers. Change: In the present speedy worldwide economy change is consistent and development is basic to a brand's endurance. We are responsible for customer’s safety, information security BlackBerry Core Values (principles to understand our values) We respect customers and employees We believe in change and evaluation We maintain a neat and clean hygienic brand culture We obey all laws and ethical standards Figure 02: Core Values of BlackBerry 4.2 Holistic Selling Proposition A holistic selling proposition means one element or the apparent advantage of a brand that makes it interesting from the remainder of the contending brands on the lookout. HSP is a vital idea utilized when a brand advances its item through any medium. A strong HSP makes a brand stand apart in the competition. As a holistic brand, we are focusing on some points. These are: 6 Figure 03: Holistic Selling Proposition of BlackBerry 4.3 Brand Identity of BlackBerry BlackBerry is an iconic brand of smartphone manufacturer. The redesign of the brand brings a new image to BlackBerry's visual identity. The BlackBerry brand personality is about lifestyle, imagination, innovation, passion & power-to-the-people through technology. BlackBerry is continuously working on the removal of complexity from people's lives, people-driven product design, and being a humanistic company with a heartfelt connection with its customers. The innovative, beautifully designed, highly ergonomic, and technology-leading products which BlackBerry delivers are not only designed to match the brand promise but are fundamental to keeping it. We fully understand that all aspects of the customer experience are important and that all brand touchpoints must reinforce the BlackBerry brand. BlackBerry has expanded and improved its distribution capabilities by opening hundreds of its retail stores in key cities around the world. 4.4 Brand Name We are keeping the same old and renowned 'BlackBerry' name. Our target customers are quite familiar with that name. Gen Z is quite familiar with the ‘BlackBerry’ name. So, changing this name will have an immense effect on our newly launched strategy. Keeping the same old renowned name will help us to grasp more customers. So changing the name would create a negative vibe among customers. 4.5 Brand Logo & Symbols We are bringing big changes to our logo. The older logo was intended to look like an actual BlackBerry fruit. There were 8 'bits' in the logo - 7 bits were displayed and 1 was missing as if someone took a bite out of the BlackBerry 'byte'. We’re bringing changes to our older logo and also the font in that logo. The new logo consists of eight BlackBerry with several leaves. The color of the logo will remain the same as ‘Black’ 7 Figure 04: New Logo 4.6 Brand Slogan The "Re-Imagine your Experience" slogan is based on a smooth android experience. Customers will enjoy redefined OS experience on new BlackBerry phones. Our newly launched phone will be equipped with a ‘Titan M’ chip, which is almost impossible to break and will ensure maximum user security. Our team will be continuously working on providing regular security patches and Android updates on BlackBerry phones so that our customers can experience a buttery smooth software experience. 4.7 Brand Packaging We're bringing changes to our product packaging. A brand needs to design attractive packaging for its products to stand out in the crowd. It is also important to attract customers. The significance of product packaging is multifaceted, and it can go a long way in securing a good first impression and lasting brand loyalty. Our new packaging will signal a higher price and will be a makeover change of the outdated package. We’ll be ditching plastic phone protection inside the box, instead, we’ll use paper-made phone protection. The new packaging will contain 30W fast charger, headphones, one cover, and a user manual. 8 Figure 05: New packaging 9 Chapter 5: Marketing Strategies 5.1 Market Segmentation BlackBerry Market Share Based on Age Distribution: Sales Based on Age 10% 18-30 Years 38% 22% 31-40 Years 41-55 years 56-70 Years 30% Figure 06: BlackBerry Market Share Based on Age Distribution BlackBerry Market Share Based on Profession: Sales Based on Profession 0.2 0.3 Students Professionals 0.2 General Public Operating Service Companies 0.28 other 0.25 Figure 07: BlackBerry Market Share Based on Profession 10 BlackBerry Market Share Based on Technology Users: Sales Based on Tech. Users 18% High tech lovers Random technology users 51% Less technology users 31% Figure 08: BlackBerry Market Share Based on Technology Users 5.2 Targeting o o o o o o o 20-60-year-old, urban, and suburban youth. Upper-mid to high-class people. Advanced Tech-loving people. Occupation- Students, employees, professionals. First-time users and regular users. Determined and ambitious personalized people. Health and environment-conscious people. 5.3 Positioning We plan to position our products concerning price, quality, attributes, and competitors. BlackBerry newly relased phone -Positionning General public,operating service companies and others (random and less tech. users) Students, Professionals (high tech. lovers) BlackBerry EVOLVE BlackBerry EVOLVE PRO BlackBerry EVOVLE MINI Figure 09: BlackBerry Product Positioning 11 5.4 Product Strategy Our older phones lacked innovation. Now we're releasing a series of smartphones with bleeding-edge specifications. The name of the series will be "EVOLVE." This series includes 3 models. All these models will receive 3-years of security updates and 2 years of warranty. Figure 10: Newly Released Phone 5.5 Pricing Strategy Pricing is one of the trickiest issues in marketing as it requires understanding the product and understanding the market. BlackBerry will also face high rivalry by others in the market like Apple, HTC, and Samsung among others. To curb this competition and to be competitive, BlackBerry has to undertake a pricing strategy that is winning. We will set the pricing strategy in two different phases- skimming pricing and competitive pricing. Skimming Pricing – Price (After launch) Price 5% decrease (After 1 year) Price 10% decrease (After 2 years) 20000 19000 18000 Price 20% decrease (After 3 years) 16000 40000 38000 36000 32000 60000 57000 54000 48000 Table 04: Skimming Pricing 12 Competitive Price – Pricing BlackBerry Evolve Mini Samsung A32 BlackBerry Evolve Samsung A51 BlackBerry Evolve Pro Samsung A52 64GB 24999 26999 27999 29999 32999 33999 128GB 26999 28666 29999 31999 34999 35999 Table 05: Competitive Pricing 5.6 Distribution Strategy Marketing strategy is the marketing logic whereby the company hopes to achieve its marketing objectives, which includes special strategies for target markets, positioning, the marketing mix, and marketing expenditure levels. Once the overall competitive marketing strategy is set, the company is ready to begin planning the distribution part. We will sell their products accordingly to the new diagram Manufacturer Authorized retailers BlackBerry store Online store Customer Customer Customer Figure 11: Distribution Diagram 5.7 Promotion Strategy Traditional Marketing Strategies – IMC Strategy For BlackBerry’s rebranding, we’re majorly focusing on vertical integration where marketing and communications objectives must support the higher-level corporate objectives and corporate missions. Besides, another focus is external integration where it requires external partners such as advertising and PR agencies to work closely together to deliver a single seamless solution that is a cohesive and integrated message: 13 o 360 degrees “reminder” – The Brand Exists- Rebranding of BlackBerry is going to involve the integration of traditional and digital media communications along with well-decorated ATL-BTL activities where the major focus will be to remind the customers’ minds about the existence of the brand. These 360-degree reminder activities are going to remind the customers about a brand that somehow is already in their minds for a long time and the activities are going to work as intensives to remind again what they loved once. o Focus on core value – Nostalgia, Simplified- The sturdy BlackBerry phones were built with a long-lasting battery, great speed processing, a great camera, clear display, great storage space, of course, QWERTY physical keyboards, and a great look! Do you know that Barack Obama in particular refused to give his BlackBerry up when he took office in The White House? After winning the election he said that if officials wanted him to stop using it they would have to “pry it out of his hands o Subtle positioning of alternative usage- Through the rebranding, BlackBerry is going to enter the market with a whole new image integrated with the nostalgia of the customers. At this point, BlackBerry will be positioned in customers’ minds with an image that BlackBerry is premium and better than other international and local mobile phone brands existing in the market right now. Customers are going to have their former love as a better alternative this way. Thus, nostalgia with a premium feel is a major consideration of this rebranding. Above the Line (ATL) Above the Line (ATL) advertising is where mass media is used to promote brands and reach out to the target consumers. These include conventional media as we know it, television and radio advertising, print as well as the internet. This is communication that is targeted to a wider spread audience and is not specific to individual consumers. ATL Activities by BlackBerry will be Print Ad, Lifestyle tabloids, Youth-focused pages, Radio, TVC, and Billboards. Figure 12: Newspaper Ad 14 Figure 13: Subway Billboard Figure 14: Digital Billboard 15 Digital Marketing Strategy – Facebook There will a Facebook page for customers to follow. The page will contain a product review along with crucial feedback from customers. They will be continuously engaged with various activities from the Facebook page. There will be bi-weekly events such as share and win events. The following is a mock Facebook Page: Figure 15: BlackBerry Facebook Page Instagram The Instagram page will be keeping in touch with the #Instatech trend. Photos and stories will be uploaded regularly to promote the campaign. Certain visuals will suggest alternative and best smartphone moments. This page will be for engaging smartphone and tech-savvy customer base. 16 Figure 16: BlackBerry Instagram Page 17 Chapter 6: Budget 6.1 Budget Plan We plan to commit to a whopping USD 22 billion budget over the next three years to extend our reach into various industry sectors. To help combat our declined position in the smartphone market, we aim to diversify our portfolio by further tapping into such areas as artificial intelligence and 5G wireless systems amongst others. We plan to hire more than 400 more new employees in the research and development department. Our budget has been to tackle other tech giants in the industry. 6.2 Budget Allocation As for budgeting, we allocated most of the USD 22 billion for research and development which is 35% because we think getting trendy and latest products from customers should be of the highest priority. The distribution extension will have an allocation of 20%. Widespread promotion with 25% of the total budget will be enough. Finally, the rest 20% of the budget will be allocated to production. Budget Allocation 20% Reserch & Development 35% Distributor Extension Widespread Promotion 25% Production 20% Figure 17: Budget Allocation 18 Chapter 7: Brand Rebuilding Milestones 7.1 Activity Timeline For the activity timeline, we have a very rigorous schedule for the first 8 months of production and promotion campaign for our new product BlackBerry Evolve, BlackBerry Evolve Pro, BlackBerry Evolve Mini. For the first 4-8 months we will focus on automation, packaging reengineering, and hype buildup. This period is very important because it will tell customers that the brand is back and it’s better than ever. The hype is needed to grab the attention of unaware potential buyers. The next 8-14months will host pre-launch events. ATL activities like print ads and radio ads will also be held at this time along with new format marketing. The following 14-20 months will have a range of activities in the forms of shows, sponsorships, ATL, TVC, billboards, product line extension via R&D, etc. 1-4 months #Production #Packging #Hype Buildup #Press Release 7-8 months # ATL - TVC, Billboard #Product Line Extention Via R&D 5-6 months #ATL - Print Ad, Radio Ad #Digital Marketing 9-15 months #Product Release #R&D Figure 18: Activity Timeline We do not plan to release all three of our products together. They will have a 3-month difference in their release dates. BlackBerry Evolve will be released first and will be followed by BlackBerry Evolve Pro and BlackBerry Evolve Mini respectively. This will give us time to work on new products. Month 9 BlackBerry Evolve Month 12 BlackBerry Evolve Pro Month 15 BlackBerry Evolve MINI Figure 19: Product Release Timeline 7.2 Implementing Control As a declined brand, we have to take every step cautiously. The gap between the promotion period and product release will give us the time to prepare our contingency plans. We risk customers becoming unsatisfied with the products. Customer feedback analysis will let us modify our strategies to maximize customer satisfaction. Comparing our stand with our competitions will let us understand what our next steps should be. We will have to measure our brand awareness and promote accordingly. Our promotional success will decide our sales performance and profit margin. Any negative feedback will be taken under review to solve any remaining errors. 19 Chapter 8: Conclusion Technology is an integral part of our life. It has enhanced every aspect of our day-to-day life. Smartphones are one of the most important fragments of technology. Smartphones have become a source of entertainment and communication among others. BlackBerry is one of the best to ever crate smartphones that changed the life of many. In this whole project, we have tried to provide a strategy to rebrand the BlackBerry smartphone brand for that we have tried to heavily emphasize promotion, activation, and value analysis. We humbly hope that after implementing this whole plan we will be able to make BlackBerry one of the top brands in the smartphone market and will be able to occupy a significant position in the mind of the people all over again. 20 References 1. Samsung values and philosophy. (n.d.). www.Scribd.Com. https://www.scribd.com/doc/26615932/Samsung-Values-and-Philosophy (Accessed: 1504-2021) 2. Our core values. (n.d.). www.Huawei.Eu. https://www.huawei.eu/who-we-are/our-corevalues (Accessed: 15-04-2021) 3. Xiaomi Segmentation, Targeting and Positioning. (n.d.). https://ResearchMethodology.Net. https://research-methodology.net/xiaomi-segmentation-targeting-andpositioning-2/ (Accessed: 14-04-2021) 4. Blackberry. (n.d.). Wikipedia. https://en.m.wikipedia.org/wiki/BlackBerry (Accessed: 1504-2021) 5. 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