MARKETING MANAGEMENT
MARKETING PLAN
X Restaurant
Name :Bharathi.T
Reg No :14397017
Class : 1st year Sec ‘A’ Executive summary:
The X restaurant is a new startup in the region of Puducherry. We want to provide a unforgettable dining experience for our diners. We want to create a unique identity for us among the customers.
So we mainly focus on giving a quality, healthy and delicious foods with reasonable price, and also provide the best service. We also like to expand our business in other cities also. In 10 years we want to be in the list of top 100 restaurants in India.
Situational Analysis:
The X restaurant is focused in providing quality and healthy foods .The restaurant focuses on Italian and French cuisines. The situational
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The food is important for every person ,they never like to comprise on their food .Among all Indians are known for their love for food. To enter into a market like this we need to be very careful .We cannot satisfy everyone ,so only thing we can do is to be focused on what we actually have to do. The issue we mainly have to face is mainly the competitors.
Objective:
To create a value for our food we provide and a unique identity for our restaurant.
To provide delicious, healthy and high quality food for our customers.
To maximize our profits and expand our business in other places in and around puducherry.
Mission:
Our mission is to satisfy every customers by our foods and be a part of their happiness and their life also.
Vision :
To be India’s top restaurant ,Providing a food which is close to the hearts of people.
Marketing Strategy:
Segmentation:
The segment is done based on Demographic Factors. The following are the demographic factors involved in segmenting our Business
Based on Culture The people from different culture prefer different foods. the people from the French culture are
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The place were many French nationalities live and were an thousands of tourists arrives.
Promotion:
For every business promotion is an important, it is factor which enhances the business activities. The promotion campaign may be costly but you need to do it in order to gain attention among the customers.We are going to advertisement in newspapers, TV channels, FM etc. Since Puducherry is small city we can advertise easily. Banners can be kept at main places were people gather ,especially were French people gather (eg Auroville) .Since it is a cuisine which most of the younger generations prefer ,the banners can be kept near colleges.
SWOT analysis:
Strength
Quality food: Our restaurant is going to provide healthy food with high quality.
Reasonable price: When compared o our competitors we are going to provide foods at reasonable prices. This is an added advantage to our business.
Weakness
High price of raw materials: The prices of vegetables will be fluctuating seasonally and the prices of oil and other products are increasing
An example of demographic segmentation is being used in the automobile market. This is done on the basis of income from a household. Suzuki has a low-price bracket for their cars whereas BMW have a high price bracket so it targets high end buyers who are willing to spend more money. BMW have segmented a market by differentiating their products. Comparing it to Suzuki, BMW allow customers to design their car such as the seat material, colour, wheels and engine.
Mission The company’s mission is to exceed customers’ expectations in sections such as food, health and home retailer through great prices. They also have a purpose of the company, which is to help Canadians – Life Live Well. Values Real Canadian Superstore has many values and principles they follow. They believe in respecting the environment and preserving the land.
The reason for choosing this outlet is they are committed to customer satisfaction through offering high quality food with exceptional service and good value. They take great pride in serving each other, their customers and their communities. They seek continuous improvement in all that they do. They value a sense of urgency and emphasize an innovative, entrepreneurial approach to business. They expect fairness and mutual respect in all our activities.
Answer: (a): Market segmentation is the first step in defining and selecting a target market to pursue and penetrate. Basically, market segmentation is the process of splitting up an overall market into two or more groups/classes of consumers. Each group of consumers is called as a market segment. Each group (or market segment) should be similar in terms of certain characteristics or product/ service needs. In business world, market segmentation is considered to be a most important tool in enabling marketers to better meet customer needs and requirements.
In this regard, the restaurants had to provide quality food at affordable prices while at the same time focusing on making profits. Possibly, there are different ways of addressing
Company Overview Publix Corporation is consider to be a leading grocery store in the industry. Publix Corporation ranks on the top list of Fortune 500 best companies to work for. Our company currently operates throughout the United States, and is currently seeking to explore business opportunities internationally. Publix Corporation currently prides itself on being a family oriented, and a great place to buy fresh food, while sampling simple ready to eat meals.
Unit 1: The Business Environment Task 1: Describe the types of business, purpose and ownership of two contrasting businesses. Tesco is a profitable British global company and is the third largest retailer in the world measured by profits. Brockenhurst is a non-profitable local organisation located in the New Forest run by the government. Tesco 's is the grocery market leader in the UK where it has a market share of 27.8%. (Tesco 's was founded in 1919 in London and Jack Cohen bought a plot of land in 1934) since then the supermarket has expanded.
Introduction The restaurant industry in the United States had annual sales of $ 631.8 billion and employs 12.9 million people in 2012. Even in times of recession there is little evidence that this industry has seen a decline especially in its fast food and quick service segment. But with a depressed economy with no immediate upward trend in the near future, majority of the customers indicated that they would either curtail their spending on eating or best maintain its current level which is certainly going to affect the future of many restaurants in the industry. Chipotle is part of the fast casual segment of the U.S industry with over 1,600 restaurants.
Topic Page No. 1. Introduction 3 2. Domino’s Market In India 4 3.
INTRODUCTION Burger KAMI fast food restaurant which served to prepare the burgers were different from those found in Malaysia. Burger was necessarily meet the aspiration of the people of Malaysia for meat produced meat to make hamburgers come from fresh meat. We produce our own beef burger with certain processes to be used as a meat burger. We have the concept of serving fast food to suit local tastes with fast and efficient service in a comfortable and relaxing environment. Our company will also sell fast food service, eco-friendly appeal to the price conscious, health-minded consumers.
Purpose and process of market segmentation The purpose of segmentation is to allow the marketer to be better able to reach the consumer needs and wants which increases the positive responses for the brand. Segmentation is important during the promotion process, this is where the team decided who what and where as well as, age gender and things like buying patterns. Because of this, marketing g segmentation comes before targeting. By dividing the audience, it makes it easier to target exactly who and where to send the devices or what to do with their next model.
Market are segmented in order to make it easier for businesses to target these segments according to the features and habits they exhibit. These segments must be definable, specific, profitable, and is has room to grow. The following outlines the segmentation for the market of Mercedes Benz broken down into demographic, behavioral and psychographic segmentation. Demographic Segmentation: Markets can be segmented by geography where the business would market its offering towards individuals living in a certain area.
According to TrackMaven, market segmentation is the process of dividing the market of potential customers into groups, or segments, based on different features. The created segment consists of consumers who will respond to the same marketing strategy and who share the nature of the same interests, needs, or locations. McDonald uses demographic segmentation as their main types of market segmentation. According to Sakshi Natani (2016), McDonald in Malaysia used mainly demographic segmentation, which divided in age, income, family-life cycle and social class.
1. MARKAT SEGMENTATION Market segmentation is a strategy that is generally used by a company to identify and define the target customers, and provide the supporting data for the marketing plan elements. There are five types of market segmentation which are demographic segmentation, geographic segmentation, psychographic segmentation, benefits segmentation and volume segmentation. • Demographic Segmentation Demographic segmentation is market segmentation according to age, family size, religion, race, gender, income and education. By using this segmentation, a company can categorize the needs of consumers more easily and target its consumers more accurately because demographics can segmented into several markets.