CHAPTER 6
MARKETING PLAN
Main Issue
Verks: Sausages and Fries must determine strategies which will help the business to prosper for them to survive in the real world of business. This issue will affect the business enterprise since one of their primary target markets are students. The business is expected to start this year, 2015. Colleges and universities will be affected since the implementation of the said program start on 2016-2017 and 2017-2018. Given that the group has their strengths and weaknesses, different opportunities and threats classified from their Market and Industry Analysis. They will fully adhere what will happen to their business and look forward on all problems and conflicts as part of challenging themselves as entrepreneurs
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They measure their profitability by the profit that they have earned each day.
People One of Verks main focus is to provide the best service experience to the customer. Their goal is to gain loyal and satisfied customers
Process Verks objectives in process is to provide fast service and provide clean service. to our customers The key results area is Utility and Usability and the performance indicator is the number of orders per day and amount of sales per day
Place Verks aims to be recognized in Malate area and to compete with the emerging market. To determine the success of these objectives would be the recognition and visibility. The indicators of which are the number of customers who buys in the kiosk per day.
Promotion The objective of Verks in terms of promotion is to identify ourselves to the customers. This would tell the business group that they have achieved their goal by the brand awareness. The performance indicator of which would be the number of customers who buys in the kiosk per day.
Verks SWOT Analysis
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Sausage is a processed meat and fries are fast food which they considered as unhealthy food. At year 2016 and onwards, K to 12 Program will be implemented for all universities and colleges located along Malate, Manila. The company will decrease the number of their products in the inventory due to this program. Buyers will have a strong bargaining power making it hard to change their price easily. However, with the implementation of K-12 program among institutions, there might be a decrease of price on the product or product promotions.
Promotion, Physical Environment and Process/Quality
There is no complete assurance of brand awareness in social networking sites. Also, the well-known competitors might have a promotion that will attract customers when the K to 12 Program is implemented. There might be an uncertain change of weather and global warming that might cause flood and other damages in the kiosk. However, there are guards around the location that will help lessen the crime in the area. In putting up a business, there is a tendency that the permits would not be processed properly which results to a delay for the business to start. Permits like business permit, BIR permit, Sanitary permit, Barangay permit, DTI permit, and other business permits to be incurred by the company. There are numerous competitors because of the boost in food cart business, other restaurants and fast food chain in Malate,
Paul Starobin’s “Pork: A Time Honored Tradition Lives On” discusses the control exerted upon local appropriations by the Legislative Branch. The author points the divide the practice of “porking” creates within the House, fiscal conservatives are fundamentally against it, while some democrats support the action. Those in opposed to the method find that it creates budget inefficiencies because the federal funding is being used to finance local projects and special interests, which is generally done for political gain. However, those in favor, believe, as elected officials, their duty is to fight for the benefits of the people and areas they were chosen to represent. In reality, there needs to be a healthy balance between the two sides, central
Marketing Simulation Managing Segments and Customers A Reflective Essay Debanjan Mal As the newly appointed CEO of Minnesota Micromotors, I was responsible for designing and executing the company’s marketing strategy. This was my opportunity to integrate and apply the mantra of marketing that I have learnt during my course: “Create, communicate and deliver value to a target market at a profit”. Before I started the simulation, I needed to understand the big picture and try to figure out the following in order to come up with my marketing strategy and execute it during the simulation: • Understand the overall market and the competitive landscape where Minnesota Micromotors has to operate. • Understand my company’s marketing
Introduction The purpose for this report is to analyse the marketing mix of Harvey Norman and JB HI-FI on two competing products, compare both marketing mixes to find the most effective marketing strategy. A marketing plan is a useful tool in the world of business. The four P’s of marketing are product (or service), promotion, price and place, this is a good way of defining the marketing mix. A successful marketing mix has many benefits, such as promotion can increase product sales, price can help stay competitive, product can help reach business goals and place can help your business target a specific audience.
In order to, analyze the company’s performance, we will closely focus on financial performance which is the degree to which financial objectives have been accomplished. This process measures the result of the overall financial health of the company over a period. The most efficient and effective metrics we choose were the improving operating income and return on equity and increasing sales, earning per share. Firstly, our sales have gradually increased in every single period, despite the minor changes in initiatives.
The survey will be applied to 100 randomly selected people from each of the municipalities studied and interview with the marketing manager of the franchise TACO BELL to learn marketing strategies implemented by the franchise internationally. The survey will be structured by 9 questions of closed type and multiple selections were used language easily understandable to the population under study to facilitate obtaining clear answers. This survey arrogates profile data about consumers as well as their tastes and preferences. In addition, an interview with the marketing manager of the franchise TACO BELL is held internationally structure with open and very specific questions which will produce qualitative data about the strategies applied by this franchise in the other countries where it has developed.
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
Panera Bread: Ethical Competitive Analysis Panera Bread is presently a recognized as a leader in the fast-casual type of the restaurant industry. However, despite its status, Panera Bread should understand the potential new entrants in the industry by conducting a competitive analysis of the fast-casual sector. The company can conduct an ethical and appropriate analysis by studying major and successful players in the restaurant sector currently dealing in unrelated food products. These companies are probable entrants in the market since they may attempt to introduce new product channels to boost their profits.
For this efficient communication with its customers is very important. It makes use of networking, media and internet to communicate. Apart from advertising itself through radio, television, banners, barouches it’s also been reaching out to its customers with the help of social media like Facebook and twitter. It also uses demographical strategy to meet its consumer’s interest. Burger king have established a data driven marketing process whose main focus is driving restaurant sales and traffic, while targeting a larger consumer
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.
Brands are complex offerings that are conceived by organisations but ultimately resides in the consumers mind (De Chernatony, 2010). A brand thus signals to the customers the source of the products and services and protects both the competitor who would attempt to provide products and services that appear similar or identical (Aaker, 2004). Brands provides the basis upon which consumer can identify and bond with a product or service or group of products and services (Weilbacher, 1995). A brand is a specific uniqueness associated with a product or services that enables the consumers connect with it by easy identification through the name, slogan, design, logo, symbols, etc. of the organisation that produces the products or
Kraft Heinz Case Study Executive Summary Problem Statement The focal problem that Kraft Heinz Company (KHC) faces is the decrease in demand of packaged-foods, while trying to increase revenue. Analysis This analysis studies Kraft Heinz Company’s strategy, competitive position in the market, problems being faced, and the company’s financials.
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
Website plan summary 9 4.1) Website marketing strategies 9 4.2) Development Requirements 10 5.0) Strategy and Implementation 10 5.1) Value Proposition 11 5.2) Competitive Advantage 11 Works Cited 12 1.0) Executive Summary Golden Foods™, is a company that specializes in selling pet foods for over a 100 years. The company has a long history due to its quality services, and is currently run by the family
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.
With this strategy, it gives customer the awareness and urge to buy in view of their low pricing as compared to other competitors. For example, KFC Zinger Double Down set priced at RM 9.95 with includes two pieces of meat while McDonald Spicy Mc Deluxe Burger set at RM 9.45 with includes only one piece