SlideShare a Scribd company logo
1 of 45
B I R C
Successful innovation strategies   in BRIC markets Peter Wennstrom President & Expert Consultant Healthy Marketing Team 9th Annual World Food and  Technology and Innovation Forum 2011 All content including Wennstrom’s Four Factors® and the FourFactors® Brand Analysis system (The three- stakeholder curve) ©2010 Healthy Marketing Team Reproduction ONLY by written consent from SimonG@HealthyMarketingTeam.com
Who we are: Global specialists in health and wellness marketing .  In 2010 alone supporting our clients on the ground in 25 countries. Helping them to understand: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What we do? ,[object Object],Education and Training “ How to be a winner in the H&W market!” EDUCATION INSPIRATION CONSULTING Consulting for clients “ Brand Positioning in health and wellness.” Events, conferences, seminars, master classes “ From consumer trends to brand success!”
Brand Positioning in health and wellness: Brand New How to  create and launch the right new idea Brand Direction How to choose “Where to Play” in the Market Brand Rescue How to deal with a failing brand ,[object Object],[object Object],[object Object]
The Emerging Markets B I R C
A Marketer cannot afford to ignore it!  ,[object Object],[object Object],[object Object],[object Object]
The Emerging Consumers B I R C
An emerging market?!  ,[object Object],[object Object]
Phsicology of Market Stages 1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
Market stages/psychology ,[object Object],[object Object],[object Object],[object Object],1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
The “ ER ” Factor ,[object Object],[object Object],[object Object]
The “ ER ” Factor ,[object Object],[object Object]
Spotting the right angle Coca-Cola and Vitamins…Europe vs. Brazil ,[object Object],2010: Coca-Cola launches Coca Light Plus in Brazil during Sao Paulo Fashion Week and explodes sales
[object Object]
One  general rule B I R C
One  general rule Be prepared to  break  all rules!
What is right for our Category? Minute Maid Pulpy - China ,[object Object],[object Object],[object Object]
Learning: Consumers don’t know your category ,[object Object],[object Object]
What is right for our brand and our category?  McDonald’s India ,[object Object],[object Object],[object Object],[object Object]
Learning: Adapting to local culture ,[object Object],[object Object]
Health?: BREAK THE BRIC! B I R C
BREAK THE BRIC! ,[object Object],[object Object],[object Object]
Innovation in BRIC in Health and Wellness A Strategic Framework B I C
Two  routes to market B I R C
Development Model for Health & Wellness Market in Foods  MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Development of Healthy Foods Market in BRIC  The Classical Way MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Development of Healthy Foods mraket in BRIC  Breaking the Rule!
The Health foods market develop in  two  ways in BRIC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Three  roles for the brand B I R C
Technology Stakeholders The BRIC Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Lifestyle Stakeholders The BRIC Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Anlene for bone health
Mass Market Stakeholders The BRIC Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
The pride of the nation! ,[object Object]
Brands can take 3 Roles in H&W ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Role of Brands in BRIC  ,[object Object],[object Object],[object Object],[object Object]
CHINA INDIA BRAZIL
Five  innovation strategies B I R C
Five Key Innovation Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
New Category Creation - BRIC ,[object Object],[object Object],[object Object],Create A New Category By Innovating In Distribution Channel Comvita is a brand of manuka honey which is said to have anti-microbial properties.  New Zealand based company Comvita targeted Hong Kong and then mainland China through its own-branded stores and created a new super-premium segment of health supplements.  Comvita honey is today one of the fastest growing natural wellness supplements in China and its own branded stores reinforce it’s imagery of “specialness” and also help maintain the premium margins.
Whole Category Substitution-BRIC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Functional Foods Makeover - BRIC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The rule for Market Innovation in BRIC countries: Be prepared to break all rules: Be prepared to reshape brand offers to fit into BRIC consumers’ expectations from the category. Be prepared to innovate and create brand value by leveraging and fitting into local habits and cultural codes. Be prepared to innovate your brand to keep step with the changing aspirations of the growing urban middle class  Be prepared to enter the market in a classic Western way starting in premium  or  the other way around. Be prepared to rethink your innovation strategies.
Thank you ,[object Object],[object Object]

More Related Content

More from HMT18

FourFactors of Success in Healthy Ageing
FourFactors of Success in Healthy AgeingFourFactors of Success in Healthy Ageing
FourFactors of Success in Healthy AgeingHMT18
 
Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...
Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...
Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...HMT18
 
Gira Dairy Club: Opportunities in Emerging Market Dairy
Gira Dairy Club: Opportunities in Emerging Market DairyGira Dairy Club: Opportunities in Emerging Market Dairy
Gira Dairy Club: Opportunities in Emerging Market DairyHMT18
 
Gira Dairy Club: Mature Market Opportunities for Dairy
Gira Dairy Club: Mature Market Opportunities for DairyGira Dairy Club: Mature Market Opportunities for Dairy
Gira Dairy Club: Mature Market Opportunities for DairyHMT18
 
Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...
Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...
Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...HMT18
 
NutrEvent 2011: Which Strategies to Run your Business With or Without A Claim
NutrEvent 2011: Which Strategies to Run your Business With or Without A ClaimNutrEvent 2011: Which Strategies to Run your Business With or Without A Claim
NutrEvent 2011: Which Strategies to Run your Business With or Without A ClaimHMT18
 
Healthy Marketing Presentation with DSM at Vitafoods
Healthy Marketing Presentation with DSM at VitafoodsHealthy Marketing Presentation with DSM at Vitafoods
Healthy Marketing Presentation with DSM at VitafoodsHMT18
 
Antioxidants Conference presentation 2011
Antioxidants Conference presentation 2011Antioxidants Conference presentation 2011
Antioxidants Conference presentation 2011HMT18
 
World Food Technology and Innovation Forum Sam Waterfall March 2011
World Food Technology and Innovation Forum Sam Waterfall March 2011World Food Technology and Innovation Forum Sam Waterfall March 2011
World Food Technology and Innovation Forum Sam Waterfall March 2011HMT18
 
Notebooks
NotebooksNotebooks
NotebooksHMT18
 
HMT health claims brussels 1 december
HMT health claims brussels 1 decemberHMT health claims brussels 1 december
HMT health claims brussels 1 decemberHMT18
 

More from HMT18 (11)

FourFactors of Success in Healthy Ageing
FourFactors of Success in Healthy AgeingFourFactors of Success in Healthy Ageing
FourFactors of Success in Healthy Ageing
 
Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...
Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...
Health and Wellness in the Dairy Sector: How to use this to your Brand's Adva...
 
Gira Dairy Club: Opportunities in Emerging Market Dairy
Gira Dairy Club: Opportunities in Emerging Market DairyGira Dairy Club: Opportunities in Emerging Market Dairy
Gira Dairy Club: Opportunities in Emerging Market Dairy
 
Gira Dairy Club: Mature Market Opportunities for Dairy
Gira Dairy Club: Mature Market Opportunities for DairyGira Dairy Club: Mature Market Opportunities for Dairy
Gira Dairy Club: Mature Market Opportunities for Dairy
 
Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...
Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...
Rules of Stevia Marketing: Getting the Right Communication for the Right Cons...
 
NutrEvent 2011: Which Strategies to Run your Business With or Without A Claim
NutrEvent 2011: Which Strategies to Run your Business With or Without A ClaimNutrEvent 2011: Which Strategies to Run your Business With or Without A Claim
NutrEvent 2011: Which Strategies to Run your Business With or Without A Claim
 
Healthy Marketing Presentation with DSM at Vitafoods
Healthy Marketing Presentation with DSM at VitafoodsHealthy Marketing Presentation with DSM at Vitafoods
Healthy Marketing Presentation with DSM at Vitafoods
 
Antioxidants Conference presentation 2011
Antioxidants Conference presentation 2011Antioxidants Conference presentation 2011
Antioxidants Conference presentation 2011
 
World Food Technology and Innovation Forum Sam Waterfall March 2011
World Food Technology and Innovation Forum Sam Waterfall March 2011World Food Technology and Innovation Forum Sam Waterfall March 2011
World Food Technology and Innovation Forum Sam Waterfall March 2011
 
Notebooks
NotebooksNotebooks
Notebooks
 
HMT health claims brussels 1 december
HMT health claims brussels 1 decemberHMT health claims brussels 1 december
HMT health claims brussels 1 december
 

Recently uploaded

Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperityhemanthkumar470700
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsIndeedSEO
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAITim Wilson
 
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow ChallengesFalcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow Challengeshemanthkumar470700
 
Cracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareCracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareWorkforce Group
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptxRoofing Contractor
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...meghakumariji156
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannaBusinessPlans
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Adnet Communications
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptxnandhinijagan9867
 
Power point presentation on enterprise performance management
Power point presentation on enterprise performance managementPower point presentation on enterprise performance management
Power point presentation on enterprise performance managementVaishnaviGunji
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165meghakumariji156
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityEric T. Tung
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentationuneakwhite
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdflaloo_007
 
BeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfBeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfDerekIwanaka1
 

Recently uploaded (20)

Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow ChallengesFalcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
 
Cracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareCracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' Slideshare
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
Power point presentation on enterprise performance management
Power point presentation on enterprise performance managementPower point presentation on enterprise performance management
Power point presentation on enterprise performance management
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
 
BeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfBeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdf
 

World Food Technology and Innovation Forum Peter Wennstrom 2

  • 1. B I R C
  • 2. Successful innovation strategies in BRIC markets Peter Wennstrom President & Expert Consultant Healthy Marketing Team 9th Annual World Food and Technology and Innovation Forum 2011 All content including Wennstrom’s Four Factors® and the FourFactors® Brand Analysis system (The three- stakeholder curve) ©2010 Healthy Marketing Team Reproduction ONLY by written consent from SimonG@HealthyMarketingTeam.com
  • 3.
  • 4.
  • 5.
  • 7.
  • 9.
  • 10. Phsicology of Market Stages 1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. One general rule B I R C
  • 17. One general rule Be prepared to break all rules!
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. Health?: BREAK THE BRIC! B I R C
  • 23.
  • 24. Innovation in BRIC in Health and Wellness A Strategic Framework B I C
  • 25. Two routes to market B I R C
  • 26. Development Model for Health & Wellness Market in Foods MEDICAL EARLY ADOPTERS EARLY MAJORITY LATE MAJORITY LAGGARDS
  • 27. Development of Healthy Foods Market in BRIC The Classical Way MEDICAL EARLY ADOPTERS EARLY MAJORITY LATE MAJORITY LAGGARDS
  • 28. Development of Healthy Foods mraket in BRIC Breaking the Rule!
  • 29.
  • 30. Three roles for the brand B I R C
  • 31.
  • 32.
  • 33. Anlene for bone health
  • 34.
  • 35.
  • 36.
  • 37.
  • 39. Five innovation strategies B I R C
  • 40.
  • 41.
  • 42.
  • 43.
  • 44. The rule for Market Innovation in BRIC countries: Be prepared to break all rules: Be prepared to reshape brand offers to fit into BRIC consumers’ expectations from the category. Be prepared to innovate and create brand value by leveraging and fitting into local habits and cultural codes. Be prepared to innovate your brand to keep step with the changing aspirations of the growing urban middle class Be prepared to enter the market in a classic Western way starting in premium or the other way around. Be prepared to rethink your innovation strategies.
  • 45.