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ï‚€Head cook of an
establishment
ï‚€Chief of a kitchen
ï‚€Leader or head of a
group of people,
organization, etc.
ï‚€Development and implementation of
ideas to produce new or improved
products, processes and services.
ï‚€Change that creates a new
dimension of performance.
1. COMPETITION
+
=
2. LOWER COSTS
3. DEMAND
+ +
+= =
4. CREATION OF NEW
MARKET
5. IMPROVE QUALITY
6. INTRODUCE NEW
PRODUCTS TO EXISTING
LINE OF PRODUCTS
Know the TRENDS
ï‚€Identify the most important trends in your
market. Some are interesting but doesn’t have
impact to your market.
ï‚€Look at what’s happening overseas. Some
changes in trends may be a year ahead in
another country
ï‚€Helps you keep ahead of your competitors
CONCEPTUALIZE
ï‚€Ask questions like what is the problem that
the idea solves
ï‚€Who is the consumer for the idea
ï‚€How the solution will be delivered to the
consumer
THINK OUTSIDE THE BOX
ï‚€Think differently
ï‚€Step out of your comfort zone
ï‚€Try not to think of obvious things, but think of
the things beyond them.
Check your INGREDIENTS
ï‚€Nowadays, natural ingredients can deliver health
benefits to numbers of wellness-seeking consumers.
Natural ingredients offering different flavors and health
benefits are likely to achieve higher growth
Example: herbs, high-potency sweeteners,
antioxidants
ï‚€Know the ingredients or flavors that are trending in the
market
Example: green tea, pandan
FAD
ï‚€Driven by emotional need to purchase, based on hype
and idealistic product perceptions
ï‚€Short-term
“Fads are random sparks that catch on with a group
of people. They come out of nowhere, burst into a
full-blown buying frenzy, then quickly fizzle out.”
-Lisa Satura
Fried ice cream Sanfo treats
Cookie milk cupsJipangyi, Korean cane ice cream
TREND
ï‚€Have identifiable rises driven by consumers’ functional
needs and consistent with their lifestyle tends
ï‚€Rise slowly and takes longer to build
ï‚€Long-term
ï‚€Effects may be felt for years,
even decades
Zagu
Milk Tea
Potato corner
Master siomai
How to surpass fad
ï‚€Know the demographics of your consumers
ï‚€Do market research
ï‚€Check your competitors
ï‚€Review your product
The Convenience Market
ï‚€Fast-paced living created the convenience-driven
lifestyle
The Convenience Market
ï‚€The “Millennial” behavior influenced the wide
availability of convenient products and services
The Convenience Market
ï‚€Changing perceptions on quality thru product
innovation
ï‚€Innovation is a key driver in business
ï‚€Innovation is important in business growth
ï‚€Helps business owners push themselves and
business to evolve
ï‚€Also pushes employees think harder on how they
can fulfill their jobs but take their positions even
further
ï‚€Entices consumers to purchase more goods from
you
ï‚€Increase the productivity of the organization
ï‚€Gives competitive edge that any business is
striving to achieve
ï‚€Commissary for food production
ï‚€Started May 2012
ï‚€Strongest points: new concept-based recipe
development and customization of recipes
according to clients needs and budget
Products:
Products:
Products:
Products:
Chef Bruce Lim - Business Lessons from an Executive Chef's Perspective

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Chef Bruce Lim - Business Lessons from an Executive Chef's Perspective

Editor's Notes

  1. 60% of millennial eats fast food at least once a week