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Hummus bar
1. HUMMUS BAR: DI PPING I NTO
I NTERNATIONAL MARKETS
Submitted by:
Hari Padmakumar
Jijo Francis
Navtej Singh Sran
Case 1
2. INTRODUCTION
Learning objectives:
To evaluate potential international markets using various
business models.
To develop decision-making skills.
To use quantitative data to make decisions.
To consider and evaluate several modes of market entry.
3. HUMMUS BAR
• Hummus bar is a successful, customer friendly bar located in Budapest,
Hungary.
• It has got 7 restaurants in that region.
• It is known for its cheap price and healthy fast food.
• They offer different kinds of salads, desserts, soups, meat and vegan
dishes.
• It has been recognized and awarded for being the best exotic cheap eatery
by the Time out magazine
• It has got take out and delivery services.
• It has got many loyal customers.
• They conducts several events in order to entertain
the customers.
4. WHAT IS HUMMUS…??!!!!
• Hummus is Middle Eastern and Arabic food dip/spread made from
cooked, mashed chickpeas with tahini, olive oil, lemon juice, salt
and garlic.
• Both vegan and non- vegan customers consume hummus.
• Hummus is a really healthy dish due to its ingredients.
• Hummus can be used as a side dish for almost most of the food
items.
5. MARKET RESEARCH
Data Collection Method:
Face-to-Face Interviews:
This quantitative data collection
method is used for gathering
information. In this method the
customers are called upon to conduct
direct interviews.
6.
Went to stores and restaurants and conducted face-to-face
interviews with 50 customers.
65% female and 25% male participants.
Customers of age between 18 and 60yrs.
92% liked humus ;
among which 83% bought hummus products and dishes
on a regular basis.
Customers prefer the hummus bar because they get tasty,
healthy and variety dishes for lower prices.
7. MARKET ANALYSIS
PEST Analysis:
Political/Regulatory factors:
Affect price and sales of the food items.
Price varies with different region (Taxes, Trade Restrictions and
other laws).
Economic factors:
Hummus bar sells products at cheaper price, because they are
made locally.
For international market, product price will increase due to
economic growth, exchange rates & inflation.
8.
Socio-cultural factors:
Customers choose their food by price, promotions and preferences.
Socio-cultural factors customer needs, size and nature of market.
Hummus products will not be affected by this factors because of the
quality and price.
Technological factors:
This factors deals with the manufacturing, packaging and
distribution of products.
Hummus bar does not rely much on this factors.
9. SWOT ANALYSIS
Strength
Weakness
• High quality food
• Low brand awareness
• Variety food items
• High competition
• Low cost
• Less investments
• Loyal customers
• Rapid growth in hummus
market
• Fresh & healthy fast food
• Increase brand
awareness
Threats
• Threat of over competition while market
expansion
• Possibility of failure in
attracting trust and
interest
Case 1
Opportunities
11.
Marketing Mix:
Product: Cheap due to local preparation of hummus dishes.
Hummus bar has got variety of dishes. The place attracts a lot of
people due to its cost and freshness.
Price: Provides fresh and tasty fast food for a cheaper price.
More loyal customers. It is a great threat for its competitors.
Place: Need to increase the number of wholesale grocery store
clients, thus improving the business and brand awareness.
Promotion: Promotion is necessary for expanding the business.
Proper promotions can lead to increase in brand awareness of the
restaurant.
12. SUMMARY
It’s wise for hummus bar to stick with the domestic expansion.
More loyal local customers.
Hummus market will keep on growing.
More business can be achieved by selling the products to the local
wholesales stores. This also increases the brand awareness.
The business will promptly spread to nearby
regions.