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Streets Ice Cream - Innovation & Market Strategy
study

May 2023

Streets Ice Cream - Innovation & Market Strategy

The brief was to pick a real company, analyse their current innovations, and propose a new one. We chose Streets Ice Cream, Unilever's dominant Australian ice cream brand, and tried to think like product strategists rather than students writing a report.

What I did: a 4Ps competitive analysis against Baskin Robbins and Dairy Bell, a PESTLE and SWOT review, and evaluation of two live Streets innovations - the shift to plant-based options and the sustainable packaging push (diverting 3,000+ tonnes of waste annually). Then a proposed innovation targeting the personalised/customisable category, a space none of the main competitors had credibly addressed.

What I learned about innovation strategy: the right move is always context-dependent. The vegan product line and sustainability push aren't just trend-chasing - they're simultaneously compliance moves, cost plays, and brand assets. Understanding why a company does something tells you more about their strategy than what they do.

Key insight: Streets' positioning (broad distribution, accessible price points, low-to-middle income targeting) is defensible, but it leaves them exposed on the premium end. A personalised offering is one credible path to move up the value chain without abandoning the core. Identifying that gap was the real output of the analysis.

Topics & Skills

EntrepreneurshipInnovation StrategyMarketingBrand StrategyCompetitive AnalysisMarket PositioningSWOTPESTLE4Ps AnalysisConsumer BehaviourSustainability StrategyProduct DevelopmentPremium Segmentation

Course

BUSM3028 · WSU