4. Market Analysis Subsequent to the recovery of economy crisis at the year 1997, consumer expenditures on desserts and coffee in Malaysia has increased drastically. The rise in number of new food outlets nationwide such as bakeries, cafés, brasseries and bistros has shown a significant increase in this field. According to the Second Finance Minister Datuk Johari Abdul Ghani, Malaysians spend at least one-third of their income on food. 4.1 Market Segmentation Outside Spoon will target its marketing activities on approaching anyone between the ages of 14 to 80. The existence of this wide range is because both desserts and coffee appeal to people of all ages. We will also target both genders, however with a slight skew towards males …show more content…
Our customers are knowledgeable and keener on encountering new experiences. Maintaining an appealing menu to attract customers will be a constant challenge for the café. Segments of the core target group have a large tendency to visit coffee shops frequently. They prefer choosing cafés that are affordable with a cozy environment. Being the first café in Saujana Putra, Outside Spoon café will have the pioneer benefits of customer loyalty and name recognition. Originally, Outside Spoon café will hold a 100 percent share of the café market in Saujana Putra. However when competitors enter the market over the next five (5) years, Outside Spoon café has established a goal to retain an equal or greater than 50 percent market …show more content…
However, Outside Spoon will position itself as an exclusive café by providing air-cond facilities for a comfortable and pleasant environment which most mamak stalls lack.
We estimate that Lakehouse holds approximately 27% market share in that region where as mamak stalls appeal to 41% of customers. To ensure Outside Spoon café holds the higher market share, we will provide to not only the tastebuds, but also the minds and bodies of customers to help boost our growth in this competitive market.
The fundamental reasons for customers to constantly revisit a café is usually because of good services provided, delicious food and beverages that are affordable along with a cozy atmosphere. Hence, Outside Spoon will markdown its price of product offerings competitively to ensure its prices are at a lower rate, assure the services provided is always on par or better when compared to its competitors because we firmly believe that this would help build a strong base of loyal
This concept is now one of the most popular for a preferred dining experience, and new entrants are eyeing the market on how to enter, and existing restaurant titans are figuring out how to compete with these new disruptors. Some entrants into this segment have
Assessment of STP Options Both behavioral segmentation and age segmentation are strategies that can effectively divide consumers into two major markets
However it doesn’t have a large impact on the food industry as such as consumers need to purchase food in order to survive. Although they may decrease quantity of foods they choose to buy, they are still willing to purchase basic foods that will sustain their health. Consumers are more likely during an economic downfall to spend their money on foods they require rather than want. The company as a result obtains an advantage from its competitors as they produce long lasting food options, which allows consumer’s to save during tough times. This highlights an opportunity for the company as they produce healthier and simple food varieties which many customers desire.
1. Supporting point 1: Nowadays we can see these fast food restaurants in almost every shopping mall and there is at least one of these franchised restaurants in each area of the city and still increasing in number because of the high demand. a. Sub-supporting point 1: Although there are lots of choices of food inside a mall, but people often choose fast food as it is affordable and yet it is tasty and filling at the same time. b. Sub-supporting point 2: For example, in the Kuala Lumpur International Airport, there are a lot options of food to choose but the two franchised McDonalds are still always
In a marketing communications strategy the first objective is to identify the target audience. In the case of Kellogg’s they have two main audiences, the purchaser who is the parents and the influencer who is the children. Kellogg’s tend to have specific target audiences for each of their products. For example, Kellogg’s Corn Flakes targets families, Kellogg’s Special K targets women and/or health conscious women and Kellogg’s Coco Pops targets children.
Convenience is offered to restaurants by providing them with an established delivery service and drivers. The company offers a price value proposition. It charges consumers a flat, low fee of £2.50 for delivery. In addition, if they refer a friend who completes an order, they can receive free credit towards a meal. The company reduces risk by using packaging for food that maintains its temperature if possible.
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.
Segmentation, Targeting and positioning, also known as STP are an essential part in marketing today. This model is important for generating marketing communication strategies and it aids the marketers to prioritize schemes and deliver personalized and pertinent messages to diverse audiences. This approach is audience oriented rather than product focused in terms of communication, which results in conveying appropriate messages to the members who are more commercially appealing. Segmentation benefits the managers in finding out the area on which they have to concentrate on in terms of geography, demographics, social factors or behaviors.
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.
In Malaysia, two Sugarland Franchise Lesen (AFL) were awarded both in Johor Bahru and Sabah respectively. With AFL being invited to the state of Johor Bahru, we ex-pect it to be a golden opportunity for SugarBun 's franchise business to penetrate quickly into other states in West Malaysia. The influx of SugarBun to the Johor market was
Starbucks’ target audience is not gender-specific as it included both males and females. The age bracket for adults are between the ages of 25-40 years, and children aged 2 years and above. The adults in the target audience are married, and with children. From a social class viewpoint, affluent families are prioritized, focusing on households with middle to high income. Additionally, these are adults that have graduated tertiary education and are now urban professionals.
The first one is the coffee, as the company strives to get the best quality coffee to provide the best experience for their customers and deliver their value proposition. Indeed, to assure this high-quality Starbuck controls as much of the supply chain as possible. The company implemented a strategy that insures the same process in each of its facilities. They have a strict supplier policy and very few facilities to roast the coffee beans to be able to supervise the whole process and make sure that each bean and packaging is done the same way. This reinforces the intent on competitiveness as they have a control over their supply chain and create value throughout every step of the process.
They sell the finest coffee from all over the world. It also has a book corner in the left hand side of the shop where we can buy books. They make very good coffee as well. This place is an ideal place for students and employees to release stress. As I made my way through the transparent glass door, a blanket of warm air hit me and the rich aroma of coffee which was delectable.
A consumer can buy dishes from the basic menu and go for add-ons which is optional pricing and there are combo offers which comprise a mix of items. KFC has variety of options in each category. For example, in Bucket, there are menus with 8pcs, 12pcs and also 12pcs variety bucket (Hot & Crispy Original Recipe and Chicken Strips). KFC come up with different pricing and bundling strategies for the new launch product which are Vege burger and Vege Wrap such as lunch treat, combo meal and family meal. The superworthy meal enable to attract middle and lower class people to increase overall sales