II. Introduction Our group conducted an interview with the owner of Café de Casia which is Miss Katherine Joyce Maglalang to gather all the information we need to form and construct a marketing plan that will help the business obtain and maintain customers for the long run. The goal of the marketing plan is to make the newly operating business to be competitive enough to maintain its customers. And to know how we could help the business to improve, we started to study how environmental forces like political-legal, economic, socio-cultural and technological forces affects the operation of the business in the present and on how it will affect the business in the future. We designed a SWOT Analysis or Matrix to know and understand the business’ strength, weakness, opportunities and threats. This is to make sure that we will be able to overcome the weaknesses and threats by enhancing and developing the …show more content…
Sociocultural Forces- It is a common fact that nowadays café or coffee shops are getting a lot in numbers, unlike before there are only few coffee shops that are known where in adults are the only target market. But as businesses wants to supply the increasing changes on demands of the customers, café or coffee shops started to extend their products in a way that they could be able to accommodate the needs of the whole family in all ages. 4. Technological Forces- Years ago coffee shops only sells coffee/s and some pastries that would fit in the taste of their coffees, while nowadays coffee shop/s are also having a product that doesn’t suit their main product. It is for them to make difference with their competitors. The adding of product line/s can also make their customers satisfied and feel convenient. The café might also improve its business by providing websites that answers all the queries and providing information for customers. It can also be a site where people can make orders and reservation. Or even a way of gathering feedbacks from
SWOT analysis is a process used to identify a company’s strengths, weaknesses, opportunities and threats and was applied to evaluate Graeter’s (Pride, Hughes and Kapoor 2015 p. 163). Firstly, the business uses a unique technique to manufacture its product known as the French Pot method that results in a distinctly richer and creamier textured ice cream. Secondly, Graeter’s pride themselves on product quality and maintain very high standards throughout the business. Thirdly, while maintaining the business’s core principles, the owners explore new and innovative ideas to stimulate growth and production. Further, to support the business’s growth, the owners have sourced the assistance of consultants to develop and improve strategies, goals and
SWOT ANALYSIS: Strengths: High profitability and revenue as well as a high growth rate Weaknesses: Productivity, future debt rating and competitive market all count as weaknesses within the organisation. Opportunities: New products and services and their income level is continuously increasing. Threats: Growing competition and lower profitability and the issues associated with the rising cost of raw materials. MICRO & MACRO ENVIRONMENT:
BSBMKG622 Task 1 1. Political - New legislation to follow so the business' approach changes Economic - Inflation changes the discounted price or sales price of the business' marketing approach Social - the taste and lifestyles of customers as the basis Technological - Advertising thru social media or other platforms to expand sales 2. Trend Examples Provide two for each trend. Economic conditions Inflation, exchange rates Labour market Unemployment rates, individual wages Society and culture Consumer's lifestyle, demographic Business and economics Human behavior and decisions, exchanging good and services Technology Production, marketing Resources and the environment Temperature, land Legislation, policy and regulation Business,
The Conquistador of the New World Cabeza de vaca had a purpose for taking sail in 1527. Cabeza de vaca wanted to establish settlements along the gulf coast. Cabeza de vaca's ship went off course so they had to build rafts and leave the ship after they left the ships a strong wind blew them out into the open sea. Some people say he landed in modern day galveston. Which he was healed captive as a slave for a tribe called charrucos, he was healed as a healer.
In the story drinking coffee elsewhere the author ZZ Packner allows the reader to believe that the main character is trying to understand her sexual and racial identity but in reality the story is not about race or sexual preference, passably as metaphors for the actual problem of conceiving an authentic self. The author allows the reader to believe that Dina is exploring her sexuality as a way to transition into fitting into a group but in actuality it is a coping mechanism. Dina uses this strategy of pretending to deflect her real issue with finding her identity and where she belongs in this world. Dina is not at all gay but by the author labeling her as that she is able to metaphorical show that Dina being gay allows her to focus on being apart of something she knows so well.
A main component of this is a change in behavior of the consumer resulting from changes in styles and fashions. With the social factor, a business can resolve the socio-economic environment of its market via elements like customer demographics, cultural limitations, lifestyle attitude, and education .These factors help Alphabet Games examine consumer needs and what pushes them to make buys. Among the things that should be studied are country demographics, population growth rates, age distribution, positions toward work, way of life changes, training and ecological and health
In 2015, Denis and Mirjana took over the café and in a relatively short time have transformed it from a good suburban café with great coffee to a top drawer inner-city establishment that draws its broad customer base from happy locals to serious coffee aficionados who came for the coffee and stayed for the food, ambience and the buzz. The marketing objectives of the business is to build the brand as a unique inner-city ‘hip’ café with great ambience and gourmet food and real coffee. The owners understand inherently that their marketing mix must satisfy their target market while still meeting their marketing objectives. Strategic plan and objectives
This observation was done at a local Starbucks. The main impact this had on my observation was that I am familiar with the culture of coffee shops, even if this one was new. I had a good understanding of who I would see and my perceptions of them based on this experience, as well as other cultural norms. For example, I mentioned the couples as likely being romantically involved if heterosexual, and same sex couples to be friends/ acquaintances/ work partners, due to my experience with heteronormativity, as well as the prominence of coffee shop dates and work meetings in my cultural understanding. I also assumed adult and child pairs to be parent and child due to my own experience (as well as the words “mom” or “dad” on occasion) as opposed to any actual knowledge of their relationship.
SWOT ANALYSIS 4 3. ANSOFF MATRIX 5 3.1 Market Penetration 6 3.2 Product development 6 4. SEGMENTATION 6 4.1 Market Segmentation 6 4.2 Target Market Strategy 8 5. POSITIONING 8 5.1.1 Product 8 5.1.2 Place 8 5.1.3 Promotion 8 5.1.4 Price 9 5.1.5 People 9 5.1.6 Process 9 5.1.7 Physical evidence 9 6. MARKETING STRATEGY 10 6.1 The Product Plan 10 6.1.1 Competitors 10 6.2 Advertising 11 7.
A SWOT analysis is a tool used by organisations to identify its internal strengths and weaknesses, but also the external opportunities and threats. Therefore, this allows the organisation to assess what can be used to aid in achieving their objectives, i.e., strengths and opportunities, as well as aspects that can be improved on or potential problems that can be faced, i.e., weaknesses and threats, as they pursue on achieving business objectives and/or decision making. Explained S.W.O.T. Analysis: a) Strengths Caterpillar Inc. holds a very strong brand image worldwide that directly associates it with high quality products that they provide. In 2014, Caterpillar ranked as the number one brand in heavy equipment followed by a strong competitor,
Social Besides the many economic factors, there are also some social factors that will impact the future of the company. There are some of the social factors like changes in customers’ taste and preference, increase in number of population, population moving towards cities, increase in death/ birth rate. All of these factors will affect the company. The trend of the increasing popularity of mobile access is an opportunity (LOMBARDO, Panmore Institute, 2017) and therefore Apple has always kept up to date with the latest trend of design and technology.
Political environment includes laws, government agencies, and pressure group that influence and limit various organizations and individuals in a given society. Economic environment consists of economic factors that affect consumer purchasing power and spending patterns. Social factors include the demographic and cultural aspects of the external macro environment. In which demography is the study of human population in terms of size, density, location, age, gender, race, occupation, and other statistics; cutural environment consist of institution of other forces that affect society’s basic values, perceptions, preferences, and behaviors. Therefore, these factors have an impact on customer’s needs and size of potential markets.
Executive Summary This report complies of an extensive study of Nando’s South Africa. A brief background of Nando’s is provided. A SWOT analysis is used to scan the micro environment of Nando’s to identify the businesses strengths, which should be exploited to gain a competitive advantage, weaknesses, where strategies need to be implemented so not to lose customers , opportunities, where strategies to exploit these ideas to gain a competitive advantage need to be identified and implemented and threats, where strategies need to be implemented so the business is not negatively affected. The Porters Six Forces model is used to scan the challenges Nando’s faces in the market environment by looking at level of rivalry in the market, the threat
To decrease the complexity of the process, Starbucks has a set of suppliers that have specific locations to deliver their coffee beans to, allowing them to control the production. This is due to their highly-centralised processes that enables Starbucks to control their global networks. Another component of their value proposition is the service. The process of their customer service follows a pattern that is common to every Starbucks Coffee Shop in the world. This process helps them deliver their value proposition through four different and simple aspects which are to create the perfect product, to deliver this product in a short period of time, the caring product delivery and finally the adoption of effective problem-resolution procedure.
Winter was just around the corner. It was my first time in the biggest coffee shop in town. I could see the cheerful and brilliant lighting of the shop as I walked across the vast parking lot. There were tables outside the shop each with a brown vintage style umbrella. This particular coffee shop is not a cafe, it’s a coffee shop literally.