Category | Coursework | Subject | Management |
---|---|---|---|
University | BPP University | Module Title | Customer Experience Strategy |
Count Words: | 2,500-word |
Assessment: | Report |
Programme: | MSc Management |
You are tasked with writing a 2,500-word report on the customer experience (CX) strategy of a specific product from a company of your choice listed below. The report should focus on analysing the CX strategy as it is implemented in a particular country where the company operates.
You should write your report for the Board of Directors of the company you have chosen from the list below. Within the business report, reference should be made to relevant CX concepts, literature and application as appropriate. Only use tables to answer the requirements where it is suggested to do so. Below is an overview of the global retail chain industry.
Industry Overview: TOBACCO INDUSTRY
The global tobacco industry is a multi-billion-dollar sector undergoing significant transformation due to shifting consumer preferences, regulatory pressures, and advancements in technology. In 2023, the industry's market size was estimated at approximately $941 billion, with projections suggesting growth to $1,122 billion by 2030 at a modest annual growth rate of about 2.5% (Mordor Intelligence; MAXIMIZE MARKET RESEARCH)
Cigarettes remain the dominant product category, accounting for over 80% of revenue, but alternatives like e-cigarettes, heated tobacco products, and smokeless options are gaining traction. These innovations cater to a growing demand for reduced-risk products, especially among younger, health-conscious consumers (Grand View Research; Talk Tobacco)
Geographically, Asia-Pacific is the largest market, representing nearly 60% of global revenue in 2023. The region's growth is driven by large youth populations and aggressive marketing by key players. Meanwhile, North America and Europe see a gradual decline in traditional tobacco use due to stringent regulations, health awareness campaigns, and the rising popularity of non-combustible nicotine products (Grand View Research; Knowledge Sourcing Intelligence LLP; Talk Tobacco)
The industry faces challenges from increased taxation, advertising bans, and packaging laws designed to curb consumption. However, these factors also spur innovation, with companies focusing on next-generation products to sustain growth (MAXIMIZE MARKET RESEARCH; Talk Tobacco.
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