Crayola: Environmental Disruptions Affecting Its Back-To-School Strategy
Founded in 1885, Crayola has since established itself as US-based iconic brand with a wide array of quality products and deep connections with consumers, retailers, and licensing and business partners. By March 2020, Crayola had achieved category leadership and was outselling the majority of its competitors. It was on trend with new products and online content for educators, parents, and children-all with the goal of inspiring creativity among children. Crayola had also created strong relationships with and earned the respect of retailers, who had come to value the role Crayola played in their business, especially during the two most important retail seasons: back-to-school and Christmas. At the beginning of the second quarter of 2020, Crayola had to make some critical decisions. The rapid spread of the COVID-19 virus across the United States had led to business and school closures across the country (and the world), as well as personal physical restrictions. Crayola needed to immediately focus on three key areas: maintaining company culture, collaborating with partners to preserve the volume of back-to-school revenue, and ensuring a strong supply chain to meet consumers’ needs. These three actions would ensure that Crayola could take advantage of key opportunities and continue creating strong and sustainable relationships with educators, parents, and children.
The case puts you in the place of a marketing top executive to suggest solutions and take appropriate decisions. Please relate the case to major Marketing Management material discussed in class, and write a case report around it, structured into an introduction, problem description, analysis & discussion, recommendations, and conclusion. Please support your ideas with respective literature, duly accompanied with in-text and end references, then compile all into PowerPoint Slides to be presented in class.
Please refer to attached file.