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Marketing PlanSara Mcdonald, Hailey Bowman, Kiran Toor, Aldrin Dias
Introduction
Research Report Marketing Plan Phase 1,2
Agenda
Key Macro Environmental Factors
Key Issues
Key SWOT
Financial and Marketing Objectives
Recommendations
Action Plan Flow Chart
Budget
Measuring and Monitoring
Conclusion
Macro Environmental Factors
Demographic Environment
• Millennials account to 9.1 million people in Canada
Mississauga
• Mississauga is 6th largest city in Canada
• Population of approximately 700,000 people
Economic Environment
• About 1.2 million employees were employed in the food
industry in 2013.
• Increase in GDP growth since 2013:
1.7% 2.4% increase in 2014
• Food service sales in Canada lifted 4.6 per cent in 2013
due to high rates of Canadians going to restaurants.
Economic Environment
• Overall commercial restaurant sales is expected to grow
4.2% in 2014 and 4.1% more in 2015
• Disposable income has had a slight increase from 2013
3.5% 3.8% in 2014
• In 2013, drinking places in Canada acquired first sales
increase since 2008
Technological Environment
• Faster, more reliable inventory checks
• Convenient systems and helpful
gadgets are replacing payment
methods and current jobs
• Advancements in free WiFi
• Customers use online (mobile and
computer) outlets for information
• Big Data analytical tools are being
used
Key Issues & SWOT
Key Issues
• REVENUE DECLINE
• WEST 50 HAS VERY LOW CONSUMER AWARENESS
• Canada’s Largest Pourhouse!
• CUSTOMER ARE HAVING A BAD EXPERIENCE
• SOCIAL MEDIA AND WEBSITE NEED TO BE REVISED
SWOT
Strengths
• Largest Pourhouse in Canada
• One unique location
• Convenient promotions on the weekends
• Offer daily specials
• Patio available
SWOT
Weaknesses
• Lack of Social media content
• Too many target markets
• Low promotion for events
SWOT
Opportunities
• Advertise their wide beer selection
• Growth in technology
• Many businesses located near by
• Schools located near by
SWOT
Threats
• Companies are facing potential shortages in employees
• Replacing restaurant servers with ipads
• The new organic movement
• High competition
• Negative reviews on social media
Financial & Marketing Objectives
Financial Objectives
To increase sales by 15% by the end of
fiscal year.
Marketing Objectives
• To gain the awareness of business people and
students.
• To re-brand West 50 as Canada’s largest pour
house to retain customers.
• To improve current menu to suit target
market
• To maintain competitive daily specials &
discounts.
• To increase customer satisfaction
Recommendations
Re-branding
• Differentiate from competitors
• Enhance brand image
• Develop strong positioning
Recommendations
West 50 logo modification
Rationale
• To position West 50 as the largest pour house in Canada
• Enhance customer perception of brand
Action Plan
• Improve logo by implementing a beer theme
• Hold contest for Sheridan students to create best logo
Measurement
• Social media likes/responses on best looking logo
Recommendations
R&D for unique West 50 beer
Rationale
• Differentiate from current competitors
• Increase brand loyalty
Action Plan
• Conduct surveys within West 50 about best selling beers
• Social media interactions for beer preferences
• Contest for new beer name
Measurement
• Highest bidding consumer preference
Recommendations
Upgrade the facility
Rationale
• To create a visually appealing and continuous pourhouse
theme throughout the facility
• To create a better overall experience
Action Plan
• Hire a design professional to build a unique, pourhouse
theme
• Constant maintenance of furniture and décor
Measurement
• Customer feedback through review sites, social media and
surveys
Recommendations
Implement West 50 Uniforms
Rationale
• Enhance West 50’s image as a pour house
• Increase customer interactions with staff
Action Plan
• Include beer facts on the back of uniforms
• Design T-shirt through online custom website
Measurement
• Customer feedback through touch points & social media
Recommendations
Develop a better suited menu
Rationale
• To better address the main target markets wants and needs
• Ex. Fast service
• To reduce the chances of running out of food or wasting any by
having to throw it out
• To reduce the costs of food
Action Plan
• Include a wider range of starters
• Include ingredients that may be stored longer
Measurement
• Number of starters purchased and amount of food costs cut
Technology
• Integrate through Social media
• Technology to serve customers
• Enhance customer experience
Recommendations
Increase social media presence
Rationale
• To increase customer awareness
• Understand customer preferences, needs & demand
Action Plan
• Assign specific staff to manage social media
• Promote daily promotions & activities
• Active social media listening
Measurement
• Social media audit (likes, negative/positive response rates)
Recommendations
West 50 beer menu cell phone application
Rationale
• Improve accessibility for customers
• Increase promotional activity
Action Plan
• Beer is sorted by name, origin, flavour and popularity
• Customers can create personalized beer menu
• Advertise West 50 promotions on application
• Link social media channels on application
Measurement
• Number of customers that have installed the application
Recommendations
Incorporate E-mail marketing
Rationale
• To increase customer awareness on promotions
• Attain brand loyal customers
Action Plan
• Collect customer email through beer passport program
• Send mass emails from collected emails
• Responsible staff members can send emails
Measurement
• Number of emails collected through beer passport program
Recommendations
Install CRM software
Rationale
• To track purchase frequency for promotional direction
• To determine most profitable customers
Action Plan
• Collect customer information through CRM software
• Purchase software from CRM company
Measurement
• Amount of customer information collected
Recommendation
Implement WiFi Hotspot
Rationale
• To attract and accommodate the target market
• To provide access to internet for the new application and
reference to website and social media
Action Plan
• Implement free WiFi throughout entire restaurant
Measurement
• Track how many people use the service regularly
Marketing & Promotional
• Increased sales via better promotions
• Improved customer relations
• Increased customer awareness
Recommendations
Attract Business Professionals
Rationale
• To attract a better suited target market
• To differentiate from competitors
Action Plan
• “Relax, Avoid Traffic and Have a beer” promotion
• Discounted lunch menu
Measurement
• Number of business professional customers gained
Recommendations
Use coupons and Receipts
Rationale
• To build a higher customer return rate
• To build long term relationships
Action Plan
• Promotional receipt and couponing methods
• Include rewards at the bottom of receipts
• Complementary coupons will be added along with the receipts
Measurement
• Number of promotional receipts/coupons used
Recommendations
Encourage Customer Feedback
Rationale
• To improve customer relationships
• To reduce bad reviews and bad word of mouth
• To constantly adapt to consumer needs
Action Plan
• Implement customer survey feedback on receipts or at
each table in the restaurant
• Quick response rate to positive and negative comments
Measurement
• Number of resolved conflicts
• Use of customer feedback
Recommendations
Increase efforts towards public relations
Rationale
• To attract a wider student customer base
• Increase corporate social responsibility
Action Plan
• Support & sponsor college events
• Sponsor a local sports team
• Donations towards charitable organizations
Measurement
• Total dollars spent on sponsorships/donations
• Increase in sponsorship requests
Recommendations
Personal selling to local businesses
Rationale
• To create awareness of other services West 50 provides
• Ex. Meetings, conferences, catering
• Personal selling to local businesses will attract business
professionals and increase event bookings
Action Plan
• Door-to-Door approach with pamphlets and mailouts
Measurement
• Number of businesses booking events
• Overall Sales
Schedule
Budget
Task Budget Percentage
Public Relations Contribution to the community by
sponsoring events at Sheridan college,
sponsoring the Mississauga football team
and charitable contributions to sick
kids/terry fox.
10%
Social Media Hire Candybox marketing and continually
listen and promote on social media.
8%
West 50 Beer Research and Development to introduce
the new beer & marketing the beer.
20%
Eliminate kids menu Eliminate the kids menu and add smaller
meals instead.
5%
Cellular Phone Application Grand cash prize for Sheridan technology
students for application development.
5%
CRM Software Purchase of CRM software from
salesforce.com
15%
Improved Logo Pay a team of Sheridan students to develop
the West 50 logo.
5%
West 50 uniforms Create and order West 50 uniforms from
entripy.com.
2%
Receipt & Couponing Print and distribute coupons for customer
retention.
4%
Customer feedback Survey Print customer survey feedback for each
table at West 50.
2%
Promotion to Local businesses Printing of flyers to be distributed to local
businesses in order to gain business.
2%
Facility Upgrade Furniture and overall restaurant design as
well as equipment to be upgraded in order
to avoid long term maintenance.
15%
Starters Introduction Cost of goods for introducing the new
starters every 2 months.
5%
Discounted Lunch Hour Menu Social media promotion of discounted
lunch menu.
2%
Measuring & Monitoring
Measuring & Monitoring
• Monitor web presence
• Social media channels monitored
• Generate qualitative research
• Monitor promoters performance
• Evaluate monthly financials
• Monitor direct emails
• Keep staff connected
QUESTIONS?

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West 50 Presentation

  • 1. Marketing PlanSara Mcdonald, Hailey Bowman, Kiran Toor, Aldrin Dias
  • 3. Agenda Key Macro Environmental Factors Key Issues Key SWOT Financial and Marketing Objectives Recommendations Action Plan Flow Chart Budget Measuring and Monitoring Conclusion
  • 5. Demographic Environment • Millennials account to 9.1 million people in Canada Mississauga • Mississauga is 6th largest city in Canada • Population of approximately 700,000 people
  • 6. Economic Environment • About 1.2 million employees were employed in the food industry in 2013. • Increase in GDP growth since 2013: 1.7% 2.4% increase in 2014 • Food service sales in Canada lifted 4.6 per cent in 2013 due to high rates of Canadians going to restaurants.
  • 7. Economic Environment • Overall commercial restaurant sales is expected to grow 4.2% in 2014 and 4.1% more in 2015 • Disposable income has had a slight increase from 2013 3.5% 3.8% in 2014 • In 2013, drinking places in Canada acquired first sales increase since 2008
  • 8. Technological Environment • Faster, more reliable inventory checks • Convenient systems and helpful gadgets are replacing payment methods and current jobs • Advancements in free WiFi • Customers use online (mobile and computer) outlets for information • Big Data analytical tools are being used
  • 10. Key Issues • REVENUE DECLINE • WEST 50 HAS VERY LOW CONSUMER AWARENESS • Canada’s Largest Pourhouse! • CUSTOMER ARE HAVING A BAD EXPERIENCE • SOCIAL MEDIA AND WEBSITE NEED TO BE REVISED
  • 11. SWOT Strengths • Largest Pourhouse in Canada • One unique location • Convenient promotions on the weekends • Offer daily specials • Patio available
  • 12. SWOT Weaknesses • Lack of Social media content • Too many target markets • Low promotion for events
  • 13. SWOT Opportunities • Advertise their wide beer selection • Growth in technology • Many businesses located near by • Schools located near by
  • 14. SWOT Threats • Companies are facing potential shortages in employees • Replacing restaurant servers with ipads • The new organic movement • High competition • Negative reviews on social media
  • 15. Financial & Marketing Objectives
  • 16. Financial Objectives To increase sales by 15% by the end of fiscal year.
  • 17. Marketing Objectives • To gain the awareness of business people and students. • To re-brand West 50 as Canada’s largest pour house to retain customers. • To improve current menu to suit target market • To maintain competitive daily specials & discounts. • To increase customer satisfaction
  • 19. Re-branding • Differentiate from competitors • Enhance brand image • Develop strong positioning
  • 20. Recommendations West 50 logo modification Rationale • To position West 50 as the largest pour house in Canada • Enhance customer perception of brand Action Plan • Improve logo by implementing a beer theme • Hold contest for Sheridan students to create best logo Measurement • Social media likes/responses on best looking logo
  • 21. Recommendations R&D for unique West 50 beer Rationale • Differentiate from current competitors • Increase brand loyalty Action Plan • Conduct surveys within West 50 about best selling beers • Social media interactions for beer preferences • Contest for new beer name Measurement • Highest bidding consumer preference
  • 22. Recommendations Upgrade the facility Rationale • To create a visually appealing and continuous pourhouse theme throughout the facility • To create a better overall experience Action Plan • Hire a design professional to build a unique, pourhouse theme • Constant maintenance of furniture and décor Measurement • Customer feedback through review sites, social media and surveys
  • 23. Recommendations Implement West 50 Uniforms Rationale • Enhance West 50’s image as a pour house • Increase customer interactions with staff Action Plan • Include beer facts on the back of uniforms • Design T-shirt through online custom website Measurement • Customer feedback through touch points & social media
  • 24. Recommendations Develop a better suited menu Rationale • To better address the main target markets wants and needs • Ex. Fast service • To reduce the chances of running out of food or wasting any by having to throw it out • To reduce the costs of food Action Plan • Include a wider range of starters • Include ingredients that may be stored longer Measurement • Number of starters purchased and amount of food costs cut
  • 25. Technology • Integrate through Social media • Technology to serve customers • Enhance customer experience
  • 26. Recommendations Increase social media presence Rationale • To increase customer awareness • Understand customer preferences, needs & demand Action Plan • Assign specific staff to manage social media • Promote daily promotions & activities • Active social media listening Measurement • Social media audit (likes, negative/positive response rates)
  • 27. Recommendations West 50 beer menu cell phone application Rationale • Improve accessibility for customers • Increase promotional activity Action Plan • Beer is sorted by name, origin, flavour and popularity • Customers can create personalized beer menu • Advertise West 50 promotions on application • Link social media channels on application Measurement • Number of customers that have installed the application
  • 28. Recommendations Incorporate E-mail marketing Rationale • To increase customer awareness on promotions • Attain brand loyal customers Action Plan • Collect customer email through beer passport program • Send mass emails from collected emails • Responsible staff members can send emails Measurement • Number of emails collected through beer passport program
  • 29. Recommendations Install CRM software Rationale • To track purchase frequency for promotional direction • To determine most profitable customers Action Plan • Collect customer information through CRM software • Purchase software from CRM company Measurement • Amount of customer information collected
  • 30. Recommendation Implement WiFi Hotspot Rationale • To attract and accommodate the target market • To provide access to internet for the new application and reference to website and social media Action Plan • Implement free WiFi throughout entire restaurant Measurement • Track how many people use the service regularly
  • 31. Marketing & Promotional • Increased sales via better promotions • Improved customer relations • Increased customer awareness
  • 32. Recommendations Attract Business Professionals Rationale • To attract a better suited target market • To differentiate from competitors Action Plan • “Relax, Avoid Traffic and Have a beer” promotion • Discounted lunch menu Measurement • Number of business professional customers gained
  • 33. Recommendations Use coupons and Receipts Rationale • To build a higher customer return rate • To build long term relationships Action Plan • Promotional receipt and couponing methods • Include rewards at the bottom of receipts • Complementary coupons will be added along with the receipts Measurement • Number of promotional receipts/coupons used
  • 34. Recommendations Encourage Customer Feedback Rationale • To improve customer relationships • To reduce bad reviews and bad word of mouth • To constantly adapt to consumer needs Action Plan • Implement customer survey feedback on receipts or at each table in the restaurant • Quick response rate to positive and negative comments Measurement • Number of resolved conflicts • Use of customer feedback
  • 35. Recommendations Increase efforts towards public relations Rationale • To attract a wider student customer base • Increase corporate social responsibility Action Plan • Support & sponsor college events • Sponsor a local sports team • Donations towards charitable organizations Measurement • Total dollars spent on sponsorships/donations • Increase in sponsorship requests
  • 36. Recommendations Personal selling to local businesses Rationale • To create awareness of other services West 50 provides • Ex. Meetings, conferences, catering • Personal selling to local businesses will attract business professionals and increase event bookings Action Plan • Door-to-Door approach with pamphlets and mailouts Measurement • Number of businesses booking events • Overall Sales
  • 38. Budget Task Budget Percentage Public Relations Contribution to the community by sponsoring events at Sheridan college, sponsoring the Mississauga football team and charitable contributions to sick kids/terry fox. 10% Social Media Hire Candybox marketing and continually listen and promote on social media. 8% West 50 Beer Research and Development to introduce the new beer & marketing the beer. 20% Eliminate kids menu Eliminate the kids menu and add smaller meals instead. 5% Cellular Phone Application Grand cash prize for Sheridan technology students for application development. 5% CRM Software Purchase of CRM software from salesforce.com 15% Improved Logo Pay a team of Sheridan students to develop the West 50 logo. 5% West 50 uniforms Create and order West 50 uniforms from entripy.com. 2% Receipt & Couponing Print and distribute coupons for customer retention. 4% Customer feedback Survey Print customer survey feedback for each table at West 50. 2% Promotion to Local businesses Printing of flyers to be distributed to local businesses in order to gain business. 2% Facility Upgrade Furniture and overall restaurant design as well as equipment to be upgraded in order to avoid long term maintenance. 15% Starters Introduction Cost of goods for introducing the new starters every 2 months. 5% Discounted Lunch Hour Menu Social media promotion of discounted lunch menu. 2%
  • 40. Measuring & Monitoring • Monitor web presence • Social media channels monitored • Generate qualitative research • Monitor promoters performance • Evaluate monthly financials • Monitor direct emails • Keep staff connected