Market Research Analysis for Baskin Robbins
This marketing report has studied and analyzed on Baskin Robbins in City Square Mall Johor Bahru. Researches have been done to collect data and their marketing pace through out their success expansion in this business. It is one of the largest market in ice cream shop in the world created in 1945 by Mr. Irv Robbins and Burt Baskin in Los Angeles. In 60 years of operating, this business has expanded to more than 7000 stores in almost 50 countries from every region of the world today. All their products are fully imported from US to maintain their premium quality and taste and ensure that customers are being served with the unique and original flavors of this ice-creams brand. Famous for its “31” trade
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Baskin Robbins introduced the Ice Cream Cake which is a big hit for the business. The 31 flavours that are in store also gives the consumers a great variety of choices and they get to try different flavours that are offered every month. Products that are available besides ice cream are milkshakes where are made with any ice cream according to the consumers preference , yogurt smoothies, flavours blast, Waffles and ice cream cake. These can impress the consumers and give them the opportunity to experiment with different assortments of great flavours to satisfy ice cream lovers’ taste buds out there. There are also certain flavours offered in store that are less sugar or frozen yogurt flavours for those who are conservative about their health and yet want to indulge in the rich sweet goodness of their ice creams. Some of Baskin Robbins outlet also provide delivery service where they send your
Pricing Strategy
The price of the products are relatively cheap combined with the variety of choices that are served compared to the other companies in the market such as Haagen Dazs, Swensen’s and Ben & Jerry’s. They also promotes their product during seasonal period and give discounts to every purchase from Baskin Robbins counter. Baskin Robbins are quite generous in giving promotional value and discounts to the customers
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Over the years, they have made a lot of changes and effort in maintaining the quality of their products and techniques have been carried out to ensure that the customers are getting the best from their brand. They have done a remarkable job in maintaining this business up to this point. It shows how the marketing promotional steps that they take did result to a well known branding combined with the best quality ice cream that they serve as well. This report has shown some of the research that has been found and the analysis of this business and how they work to overcome their competition in the market in a productive
Competition exists in most industries, and it is considerably fierce in the restaurant business. This is especially true for the focus of this paper, Panera Bread, and the specific restaurant market it operates within, “Fast Casual”. According to the balance, Fast Casual offers the ease and convenience of fast food but with a more inviting sit-down atmosphere. As evidenced by Panera’s explosive growth since its inception, their execution has helped define the Fast-Casual concept.
Running head: pantry inc. case analysis 1 pantry inc. case analysis 20 Pantry Inc. Case Analysis Sekia Grimes GEB5787 Table of Contents Introduction 3 Industry Analysis 4 General Environment 4 Sociocultural………………………………………………………………………………4 Political/Legal…………………………………………………………………………… .4 Economic…………………………………………………………………………………5 Porter’s Five Forces ……………………………………………………………………………... 5 Rivalry……………………………………………………………………………………5 Threat of New Entrants…………………………………………………………………..
Market Segmentation: To be of value market segments must be measurable, substantial, accessible, differentiable, and actionable (Kotler & Keller, 2012). Segmentation of demographics for Costco is vast as the current product offerings include all genders, ethnicities, incomes. age groups, and social classes. When considering demographics, it is important to consider the average or typical characteristics of the target market. As mentioned earlier the target market or focus for this company is supplying the small- to medium-sized business and targets the middle- to high-end consumer with its private label brand Kirkland Signature.
The strategy recommended would match both external and internal fit that help Ice-Fili to increase its current market share (5%), maximise its long term profits and to achieve a sustainable competitive advantage. To dominate the Russian ice cream market and maintain its market leader position, it has to brand itself as the top historical Russian ice cream producer and strengthen its core product in the impulse segment. Due to little product differentiation, there is low brand loyalty for consumers. Ice-Fili could distinguish itself from creating high brand awareness via marketing and advertising.
3.0 Concepts 3.1 Resources and Capabilities In order to achieve and sustain competitive advantage, a business needs both resources and capabilities. Resources are assets that are owned or employed by an organization. The organization utilizes and uses these assets to carry out their business operations. Resources can be grouped either tangible assets or intangible assets.
Executive Summary Taco Bell is a fast food restaurant chain in America based in California (Grant, 2006). This fast food restaurant specializes in serving burritos, nachos, quesadillas and tacos among other food items in their menu (Grant, 2006). It serves about 2 billion consumers every year in over 6,500 restaurants majority in the United States, where over 80% are operated and owned by independent franchisees in countries including Australia, United Arab Emirates, India, Mexico, Poland, Greece, Philippines, United Kingdom, and Chile among others (Grant, 2006). This fast food restaurant was founded by an individual known as Glen Bell (Walker, 2014). Tacos Bell had a franchise in Dubai shopping mall which was opened in November 2008 and closed
Chapter 1 THE PROBLEM AND ITS SETTING Introduction The original owner Tony Tan and his family opened a Magnolia ice cream parlour in Cubao Quezon city in 1975. In 1978 he and his siblings engaged the services of a management consultant. Manuel C Lumbia,Who shifted the business focus from ice cream to hot dogs after his studies showed a much larger market waiting to be served.
KFC uses this research so that to consider being valuable because whenever they want to develop new products and bringing up to the markets, they undergo this research for testing and investigate what their customer’s favourite food and how much they know about KFC Company. Hence, this qualitative research it basically the customer’s opinions. The purpose of qualitative research • To provide specific details to guide or understanding in a particular situation. •
ADVANCED AND APPLIED BUSINESS RESEARCH Name: Muhammad Zubair Qureshi ERP: 12191 Section: MBA (Morning) Topic: WAC (Pillsbury Cookie) Submitted to: Dr. Huma Amir Date: 31-1-2016 EXECUTIVE SUMMARY This case tackles the research analysis that was conducted by General Mills Canada to understand the major factors in terms of variables of their target market in order to make a specific strategy to better the sales performance of the Pillsbury Refrigerated Baked Goods or “RBG”. This research highlights how the company was analyzing consumer preferences in accordance to taste usage and purchase intension for the RBG cookies.
Sugarbun was established in 1979, from a humble ice cream parlour into an innovative food and beverage franchise restaurant brand. A fast food restaurant was added with SB Chick-en as its hero product in 1981. With monumental presence in Sarawak, even in rural towns such as Mukah, Kapit and Saratok, Sugarbun has moved into international markets success-fully such as Brunei Darussalam, Bangladesh, Australia and Indonesia. SugarBun has evolved into a diversified and franchising group with more than 50 restaurants spread across Malaysia. Sugar Bun’s exacting standards has earned it the coveted MS ISO 9002 award for 'Quality Excellence in Preparation and Sale of Food ' by the Standard & Indus-trial Research Institution of Malaysia (SIRIM).
In order to formulate an effective ad, the target audience must always be defined and understood. Starbucks Coffee’s target audience is families with young children. There are several factors involved in determining the target audience, and that is demographic, geographic, psychographic, and consumer insights. Firstly, there are several demographic variables that are taken into account.
6.1 Marketing Mix Marketing mix is a set of controllable marketing tactics used by business to promote their product and achieve its marketing objectives. (L. Lake, 15 June 2017) Marketing mix is also called the 4Ps which consist of Promotion, Place, Product and Price. (M. J. Baker, 2001, p.54) 6.1.1 Product
At burger King, consumer are given more food and service choices. Personalization coupled with fast and efficient service make dining experience at burger King unique. The introduction of the new veggie burger open a new segment of market that cater for vegetarian and such effort make BK one of the vegetarian like restaurant. Burger king takes pride in its ability to provide personalized product to ensure they can reach all level of consumer. Some product from double patties to children applesauce and juices to veggie burger, so they can interact with all kind and level of
AMITY UNIVERSITY, AMITY SCHOOL OF BUSINESS, NOIDA, UTTAR PRADESH PROJECT REPORT ON: “MARKETING STRATEGIES OF ‘CADBURY’-MONDELEZ INDIA” SUBMITTED TO: DR.SUPRIYA JHA ASB, AMITY UNIVERSITY, NOIDA, UP SUBMITTED BY: ADITI GUPTA BBA – CO7 A3906413041 SUMMER PROJECT REPORT ASB, AMITY UNIVERSITY, NOIDA, UP OBJECTIVES OF STUDY To study about the company’s marketing objectives. To study company’s variety of products. To overview company’s competitors. To study its marketing strategies: communication strategy, distribution strategy and pricing strategy.
Vadilal faces competition from major players such as Amul, Havmor, Mother-Diary and Kwality Wall’s. It also faces competition from other local players in India. Competition is one such factor which is beyond the control of Vadilal. Due to the presence of so many competitors the ice-cream market in India is flooded with a variety of new products in various new flavours. Amul is a market leader in ice-cream space currently occupying 38% of market share.