ACME Smoothies UK
ABRIDGED Marketing Plan
Student Name
Submission Date
Executive Summary
ACME has developed a range of smoothies and wishes to market these within the UK market. ACME’s founder, Joe Bloggs, has no experience in trading in the UK or elsewhere and has limited resources. This report aims to achieve ABRIDGED Marketing plan for ACME Smoothies UK. For achieving that purpose, the market analyzation has been made including giving the recommendation for the company to be succeeded.
Table of Contents
Executive summary 1
Table of contents 2
Purpose of the Report 3
Report objectives 3
Significance of the Report 3
Specific objectives 3
Methodology 4
Background of the company 4
Product details 5
Acme
…show more content…
Good quality product comparing with other similar product in UK market
2. The founder of the company is expert and known chef, which may gain the trust of the customers
3. Affordable price of the products comparing with other similar product in UK market 1. New brand name
2. Lack of knowledge in respect with this type of business and trading as well.
Opportunities Threats
1. The product may attract more consumers if it is with affordable price and tasty
2. There is chance to joint sales with other products
3. The new generation wants to try the new products especially in a group of students
4. Internationally, there is a big chance to franchise the brand and achieving more revenue accordingly
5. With having attractive and smart website with using the search engine optimization, the company shall be able to gain more customer 1. Tough competition which may lead to decrease the price to be able to sell the product
2. In spite of that there is a good opportunity in investing this product abroad, but there is much risks also due to terrorism, tough competition, the product …etc.
PEST Analysis
Political
…show more content…
The workers of the plant need to be aware of the upcoming technologies and their preliminary education is also a factor.
ACME Smoothies UK - Target Market:
• Children, students and married women (housewife and working women) with children.
• Children between the ages of 8-10 years, students aged 17-24 years and mothers aged 26-40 years.
• Hospitals and polyclinics
• Diet and nutrition centers
Product Strategy & Value of ACME Juice:
• The juice products are freshly, healthy and with affordable price in addition it is free of the effect of preservation materials.
• To target places of families either in cities or even in the remote areas, so the product will be known and familiar to the people in addition to gain more market segments.
• Good quality product to gain the customer trust and consumer satisfaction.
• The core value is the taste that gives refreshing.
Promotion Strategy:
Branding is essential to build the brand image and create top of mind awareness to the customers. In this junction, following activities can be taken create brand awareness.
• Shopping mall branding: There are a good numbers of shopping malls in cities where target customers regularly visit for various purposes in particular in the food court areas.
Branding area
1. Sign boards inside the
A huge sum has been invested, so now it is really crucial for the product to succeed. Moreover the current product mix is not sufficient to bring long term profits for the company. As far as short term goals are considered, management wanted a successful launch for the product which will provide the right marketing and target of the new product line. While the long term goals involved adding variety and diversity to the product line to achieve a long term sustainable growth rather than just achieving short term
Blackberry offers a line of wireless handheld devices. Products provided are smartphones, tablets, software itself and Internet Service. The company’s headquarters is in Waterloo, Ontario, Canada. BlackBerry operates offices in Europe, Latin and North America and Asia Pacific.
Today we live in a glоbal econоmy in which the time taken for peоple to mоve between continents has been significantly rеduced and in which Internet and other connections make instant connections possible. So to be succеssful these days, even small businesses must plan their marketing strategies to attract cоnsumer interest outside of their local markets. Although there are risks involved, there also are plenty of аdvantages to expanding a business worldwide. If you don’t offer a product on the world market, a competitor probably will. Some types of businesses are more аppropriate than others for global market expаnsion.
Porter’s Five Forces Porter’s Five Forces framework is to identify the level of competition within the industry and to determine the strengths or weaknesses which can utilise to strengthen the position. The framework consist of five elements: threat of entry, bargaining power of supplier, bargaining power of buyer, threat of substitutes and industry rivalry. Forces Analysis Implication Threat of new entrant Low Threat Diversified of product There are high demand of furniture and electrical appliance.
Threats: First and most importantly, there is a high threat of consumers backward integrating and making their own smoothies. Second, other smoothie competitors could cut their prices or innovate new products and steal some of Jamba Juice’s market share. Third, potentially, raw material prices could unexpectedly increase due to a variety of environmental or business factors Fourth, fairly stagnant market demand and low barriers to entry could lead to new entrants entering and stealing market share. Fifth, the changing economy may leave consumers with less disposable income, which will result in a decline in the sales of Jamba Juice.
In order to stay competitive they needed to find a way increase their profit. Jamba Juice only offered cold drinks, so in areas with cold seasons, such as New York, they lose money during the winter months. McDonald’s offered smoothies for about one dollar less than Jamba Juice and Starbucks was well known for their adult coffee beverages, which gave them an easy way to enter into a market for children who already came to the store with their parents. With their higher profit margins, large fast food companies could use smoothies as a loss leader and cause Jamba Juice to lose their footing. As McDonald’s began to market their smoothies, it became clear that they were seeing Jamba Juice as a rising
And achieve as a result, the growth for its brand, market share, and sales
Pestle Analysis Political Factor Eataly operates in global environment with their operation spread all around the globe; the operation of the company is influenced strongly by political situation of the country where they are doing business. As Eataly have flexible policies to adjust in an unstable economy (Reijers & Mansar, 2005). Economic Factors The entire planet has witnessed the economic decline and hence the characteristic of purchasing products has been greatly affected all companies without exception Eataly. In addition, the income level of Europe is relatively uneven which makes some people fail to pay for products offered by the company (Chaffey, 2009).
• Rivals face high exit barriers Very High Potential Entrant Pressure • High entry barriers • Strong product differentiation • Menus change constantly with
Introduction Every business organization is using a marketing concept which is used as a tool to identify customer’s needs. And further try to meet them by making right decisions in line with customer’s needs. In line with meeting customer’s needs the ultimate goal of every business is to gain profit. That’s why they make use of different marketing strategies to meet not only the need of the customer but as well as the goal of the company. We know for a fact that marketing strategies comprises everything from developing a product, to introducing it to the market, to selling and improving it as the need of the target market changes.
Branding aims to establish a significant and differentiated presence in the market that attracts and retains loyal customers (Business dictionary.com). Branding precede and underlie any marketing effort, it is not push but pull. Branding is the essential true value of an organization, product, or service. It communicates the characteristics, values, and attributes that clear view of what this particular brand. Kapfere (2001), describe branding can be a subjective term where no one is talking about precisely the same thing.
International marketing strategy is a combination of marketing principle that could be used to formulate a marketing strategy for specific products and services within one or more countries to extend or internationalise the company. The research paper is based on the international marketing strategy of Nike Inc. (a Sports Apparel retail company working internationally) to help the management of the company shortlist and identify potential market for them to expand their business. It utilised macro and micro analysis of the sports retail market to identify the potentials of the industry that would help them to increase their business performance in the international marketplace. Macro Factors PESTLE It is noted that PESTLE is one of the most important and effective that often used by organisations in order to assess different macro factors that influence their activities in a negative manner (Li, et al., 2014).
A substitute product for Nandos is ready made chicken from supermarkets like Woolworths. This could deter customers from choosing to buy from Nandos as the chicken that is ready made from the supermarket can be perceived to be healthier as well as more convenient as it is ready made and there is no need to order and wait where as customers would at Nandos. Threat of new entrants to the market It is not only current competitors that steal customers. New businesses entering the market also create challenges in the market.
PORTER’S ANALYSIS New Entrants: In general, there are few barriers to entry in the smoothie industry, which would make this force very strong. • Economies of Scale: There are no considerable decreases in average costs as output increases. Smoothies are generally high margin products, which means that new companies could be profitable without having to sell too many products. • Capital Requirements: In the smoothie industry, there are few fixed assets that would need to be purchased in order to operate.
The spread is organized according to per capita basis in these countries. Besides, the mission of the company is to provide a complete range of products to the consumer in relax and pleasant environment. Other than that, the workforce also play a big role. The company has employed around 45,000 workers in its retail store shop where each of them is well