This document provides a marketing plan for Taos Mountain Energy bars. It begins with a situation analysis of the nutrition/energy bar category, including current users, competitors, and geographic markets. Research objectives and findings are presented next, showing taste and nutrition are top criteria for consumers. Opportunities for the brand are its community origins story and defining its personality. The marketing objective is to increase market share by 2.6% based on category growth trends and consumers' interest in healthy products. Research, budget, strategies, creative concepts and media plans are outlined to achieve this goal.
Kroger is the largest grocery retailer in the US, operating under 24 brands across 35 states. It has achieved success through acquisitions that expanded its geographic coverage, implementing a loyalty program, and developing an efficient supply chain system. However, Kroger also faces issues like high debt from its acquisition strategy and not having a clear competitive strategy. It has recently begun pursuing a differentiation strategy through its expanded private label brands like Simple Truth organic products. Whole Foods is another major competitor that uses a differentiation strategy focused on natural and organic products.
Marketing Mix Strategies of Soft Drink Producers in Anambra State, Nigeriaijtsrd
The document discusses marketing mix strategies used by soft drink producers in Anambra State, Nigeria. It finds that the most frequently used strategies are promotion through sponsorship of sports and entertainment, diversification, introducing new brands/products, aggressive advertising, and price reductions. Producers change their marketing mix strategies often to make products attractive, offer competitive prices, gain market share, and increase profits. A study of three major producers found they use different marketing mix strategies with a significant impact on performance, though they do not differ significantly in how often they change strategies. The document provides context on marketing mix strategy and its importance in adapting to customers and competition.
Kroger and Whole Foods have different operations strategies driven by their target markets. Kroger aims for low prices across its large network of stores to appeal to a broad customer base. It manufactures over 40% of its private label products in-house for quality control and margins. Whole Foods targets the organic and locally-sourced market through a smaller store network focused on fresh, perishable items. It relies more heavily on regional and local suppliers. Both companies leverage facility networks and sourcing strategies to efficiently deliver on their distinct strategic positions in the grocery industry.
Capitalizing on Opportunities in Fresh Prepared FoodsL.E.K. Consulting
With the increased focus on investing in the perimeter of the grocery store, fresh prepared foods is one of the most interesting growth areas for U.S. grocers. The lines of retail and foodservice have been blurring as grocers realize there is a golden opportunity to capitalize on consumers’ desire for fresh prepared foods and drive foot traffic.
This Executive Insights profiles the high-growth category of fresh prepared foods and why retailers and suppliers alike can expect to find significant opportunities in this market for years to come.
Costco plans to launch Costco "Nature", a new store focused on natural and organic foods. It will target health-conscious consumers in select locations. Key positions like CEO, marketing specialist, and buyers will need to be filled. The stores will offer a wide selection of produce and prepared foods made from ingredients in the store. iPads will be used to provide nutritional information, recipes, and sources for products. Research shows consumers of organic foods tend to be more educated. Costco "Nature" aims to utilize technology like the iPads to provide information to these consumers. Whole Foods will be the main competitor due to its focus on organic products and brand image, though its prices are seen as high. Costco
A detailed study to analyze the business strategy of whole foods market incCharm Rammandala
The purpose of this study is to understand the business philosophy behind the Whole Foods Market Inc which is the largest natural and organic foods supermarket in USA. The study will look in to the business strategy of the company along with firm specific resources and capabilities. Further, study will evaluate the future challenges and opportunities for the company.
Kroger is the largest grocery retailer in the US, operating under 24 brands across 35 states. It has achieved success through acquisitions that expanded its geographic coverage, implementing a loyalty program, and developing an efficient supply chain system. However, Kroger also faces issues like high debt from its acquisition strategy and not having a clear competitive strategy. It has recently begun pursuing a differentiation strategy through its expanded private label brands like Simple Truth organic products. Whole Foods is another major competitor that uses a differentiation strategy focused on natural and organic products.
Marketing Mix Strategies of Soft Drink Producers in Anambra State, Nigeriaijtsrd
The document discusses marketing mix strategies used by soft drink producers in Anambra State, Nigeria. It finds that the most frequently used strategies are promotion through sponsorship of sports and entertainment, diversification, introducing new brands/products, aggressive advertising, and price reductions. Producers change their marketing mix strategies often to make products attractive, offer competitive prices, gain market share, and increase profits. A study of three major producers found they use different marketing mix strategies with a significant impact on performance, though they do not differ significantly in how often they change strategies. The document provides context on marketing mix strategy and its importance in adapting to customers and competition.
Kroger and Whole Foods have different operations strategies driven by their target markets. Kroger aims for low prices across its large network of stores to appeal to a broad customer base. It manufactures over 40% of its private label products in-house for quality control and margins. Whole Foods targets the organic and locally-sourced market through a smaller store network focused on fresh, perishable items. It relies more heavily on regional and local suppliers. Both companies leverage facility networks and sourcing strategies to efficiently deliver on their distinct strategic positions in the grocery industry.
Capitalizing on Opportunities in Fresh Prepared FoodsL.E.K. Consulting
With the increased focus on investing in the perimeter of the grocery store, fresh prepared foods is one of the most interesting growth areas for U.S. grocers. The lines of retail and foodservice have been blurring as grocers realize there is a golden opportunity to capitalize on consumers’ desire for fresh prepared foods and drive foot traffic.
This Executive Insights profiles the high-growth category of fresh prepared foods and why retailers and suppliers alike can expect to find significant opportunities in this market for years to come.
Costco plans to launch Costco "Nature", a new store focused on natural and organic foods. It will target health-conscious consumers in select locations. Key positions like CEO, marketing specialist, and buyers will need to be filled. The stores will offer a wide selection of produce and prepared foods made from ingredients in the store. iPads will be used to provide nutritional information, recipes, and sources for products. Research shows consumers of organic foods tend to be more educated. Costco "Nature" aims to utilize technology like the iPads to provide information to these consumers. Whole Foods will be the main competitor due to its focus on organic products and brand image, though its prices are seen as high. Costco
A detailed study to analyze the business strategy of whole foods market incCharm Rammandala
The purpose of this study is to understand the business philosophy behind the Whole Foods Market Inc which is the largest natural and organic foods supermarket in USA. The study will look in to the business strategy of the company along with firm specific resources and capabilities. Further, study will evaluate the future challenges and opportunities for the company.
Edison Grainery is a family-owned organic ingredients supplier founded in 2011 in Oakland, CA. It has expanded from a small space to facilities totaling 30,000 sq ft while maintaining low prices and a mission of sustainability and affordability. The company sources from around the world and offers a variety of grains, flours, pastas, beans and more. To further growth, a proposed Google AdWords campaign aims to increase brand awareness and online sales of Edison Grainery through targeted keyword advertising. The campaign utilizes seven campaigns and thirteen ad groups focused on popular products like quinoa, grains and beans. Success will be measured by social media growth and increased online sales.
Whole Foods is the leading natural and organic supermarket, founded in 1978. It has grown to 264 stores in the US, 6 in Canada, and 5 in the UK, with $6.6 billion in annual revenues and 50,000 employees. While Whole Foods has strong brand recognition and product quality, its growth has been relatively slow and it faces threats from competitors expanding into organic products. The document analyzes Whole Foods' internal strengths and weaknesses as well as external opportunities and threats, and recommends the strategic plan of expanding into new markets through market development to address its weakness of being concentrated in the US market and pursue opportunities for growth.
This document appears to be a case study report on Whole Foods Market Inc. prepared by a group of students from the National Textile University. It includes an introduction to Whole Foods as the world's leading supermarket, followed by sections on the company's history, products, competitors, vision, mission, SWOT analysis, and more. Strategic analyses like EFE, IFE, CPM, and Grand Strategy matrices are also presented. The document utilizes headings, bullet points, pictures and tables to convey information on Whole Foods in a well-organized manner over multiple pages.
Kraft Foods operates in 150 countries and analyzes its macroenvironment including demographic, economic, natural, technological, political, and cultural forces. Demographically, Kraft aims to target concentrated consumer groups. Economically, Kraft faces high bargaining power from both suppliers and buyers, low threat of new entrants, high rivalry among competitors, and medium threat from substitutes. Technologically, Kraft invests in R&D and modern equipment. For its market and customers, Kraft segments into health/wellness, quick meals, snacking, and premium categories and focuses on developing brand loyalty through innovation for its snack, beverage, cheese, convenient meal, and grocery products.
This document discusses extended attributes, which are highly detailed product information guidelines created by major retailers. The goals of extended attributes are to create a superior shopping experience for consumers by providing more powerful product searches and consistent information across channels, as well as streamlining information exchange between suppliers and retailers. Specific initiatives by retailers like GS1 US, Macy's, Nordstrom, Dillard's, and Kroger's Program Mercury are aimed at collecting extensive attribute data from suppliers to achieve these goals. As extended attribute programs continue to expand across retailers, suppliers will need to provide more in-depth product information.
STARBRANDS // BUILT TO SHINE: Krótka analiza rynku nutrikosmetyków / nutricos...SOFAMI.PL
Krótka analiza rynku nutrikosmetyków i obecnych tam marek i komunikacji marek. Our quick view on the nutricosmetics market, key players, brands, brand communication..
This marketing research report summarizes a study on brand loyalty to Coca-Cola. The researchers conducted a survey of 30 people and analyzed the results using SPSS. Key findings include:
- The sample was majority female (57%) and between ages 20-25 (43%).
- Most respondents earned between 600-1500 TL per month (93%).
- Statistical tests found no significant differences in brand loyalty based on gender or income.
- Regression analysis showed a positive relationship between brand loyalty, age, and lifestyle image matching Coca-Cola's branding.
- A weak positive correlation was found between brand loyalty and lifestyle image matching.
The report concludes there may be an opportunity for Coca-Cola to
This report contains a comprehensive corporate proposal for WFM. Contained within the deliverable is a SWOT Analysis, VRIO Framework, 6 Forces Analysis, and a Competitor Map of the United States grocery industry
Winning Shelf Space: Private Labels or FMCG Brands?Aranca
Higher margins provided by the Private Labels in comparison to established FMCG brands have augured well for the growth of Private Labels. This Aranca whitepaper is an effort to delineate the emergence of Private Labels and its impact on branded products in the FMCG sector.
Organic Origins is an Australian organic food company seeking to expand globally. It currently focuses on three main market segments: fruits and vegetables, home cooking ingredients, and dairy. These segments align with the major categories in Australia's organic food industry. Organic Origins analyzes factors like customers' age, gender, and reasons for purchase to determine behavior in each segment and tailor its marketing strategy. Future growth will depend on adapting to trends like increasing online shopping and maintaining high product quality across a diverse range of offerings.
The document provides an integrated strategic marketing plan for expanding Butterfinger's product line into peanut butter spreads and Butterfinger stores. Key points include:
- Butterfinger should launch peanut butter spreads to capitalize on the $1.5 billion spreads market and Nestle's success with Butterfinger capturing 17% of the peanut butter cups category.
- Opening Butterfinger stores would provide a unique experience for consumers.
- These strategies could help Butterfinger spreads achieve over 10% growth in the next three years, with financial targets of $144 million in net revenue and $17 million in net income for 2017.
Starbucks Corporation is a global coffee and snacks retailer with over 19,000 stores worldwide. The document provides a strategic analysis of Starbucks and the retail coffee industry. It finds that the industry is mature with moderate barriers to entry. While there are many substitutes for coffee, industry leaders like Starbucks differentiate themselves through quality and experience. The analysis also examines Starbucks' strong market position and competitive strategies.
Sprouts Farmers Market Digital Campaign StrategySummer Borowski
This digital campaign brief outlines a proposed loyalty program called "Sprouts Club" for Sprouts Farmers Market. The goals are to increase customer loyalty and grow the customer base. Tactics include creating a mobile app for the loyalty program, promoting program signups in stores, and implementing a referral program. A project plan, media schedule, and budget are presented. Key stakeholders will be communicated with regularly about the program. Potential risks like lack of perceived exclusivity are addressed.
Marketing analysis of Chipotle's Scarecrow campaign. Analysis includes audience, brand and insight, creative analyses as well as the positioning and media strategy for the campaign
The document compares the strengths, weaknesses, opportunities, and threats of McDonald's and Subway. McDonald's strengths include locally adapted menus, targeting children, and the largest market share worldwide. Its weaknesses are negative publicity, unhealthy food, and low differentiation. Subway's strengths are franchise-owned restaurants, marketing strategies, and most outlets worldwide. Its weaknesses are cheap-looking interiors, high employee turnover, and too much control over franchisees. Opportunities for both include home delivery and demand for healthier options, while threats include currency fluctuations, lawsuits, and trends toward healthy eating.
Axis White Paper - Working with Group Purchasing OrganizationsJohn Krebs
Group purchasing organizations (GPOs) leverage collective buying power to negotiate lower prices for members. GPOs benefit foodservice operators by providing volume discounts, contract negotiations, supply chain services, and market intelligence that individual operators cannot access alone. GPOs also benefit manufacturers by providing access to decision-makers and opportunities for increased market share and sales growth. There are different types of GPOs including dedicated purchasing organizations, purchase consultants, and trade associations. Operators should consider factors like choice of distributors, fee structures, and customer service when selecting a GPO.
LABELWATCH is a web-app that allows users to compare ingredients and nutrition facts of over 25,000 foods. It features an ingredient glossary, color-coded nutrition comparison system, shopping list functionality, and online community. The web-app can be customized and integrated into publishers' websites to help readers make healthier food choices, understand product information, create shopping lists, access coupons, and build an online user community.
This document summarizes a research study conducted on Chipotle Mexican Grill's green marketing practices and customer awareness. The study aimed to understand the relationship between customer awareness of Chipotle's green practices and their purchasing behaviors. It involved a survey of 120 Chipotle customers in San Francisco aged 18-34. The study found that heavy Chipotle users had higher awareness of the company's green practices than light users. However, it found no significant relationship between education level and concerns about animal treatment. And changing purchase frequency after learning about green practices did not depend on being a light or heavy user. The study recommends Chipotle increase promotional efforts to boost awareness, as over half of customers lacked knowledge of its green initiatives.
This document discusses opportunities and challenges for companies in the health and wellness market. It summarizes the results of a consumer survey on health and wellness preferences. Key findings include: 1) Consumers are willing to pay higher premiums for certain attributes like organic and products with scientific/consumer claims. 2) Taste, freshness, and natural attributes are both important to consumers and command higher premiums. 3) Both millennials and baby boomers represent important demographic groups, with differing preferences, though baby boomers are willing to pay higher premiums overall.
Capitalizing on the shifting consumer food value equationOliver Grave
Capitalizing on the shifting consumer food value equation - To help retailers and manufacturers better understand the drivers of consumer values, Deloitte Consulting, the Food Marketing Institute and the Grocery Manufacturers Association conducted a joint study.
Running Head: Whole Foods, Inc. 1
WHOLE FOODS 6
Introduction
The purpose of this project is to provide a strategic plan for Whole Foods, Inc. This strategic plan will be composed of identifying strategies and how they are used at the corporate, business, and functional levels of Whole Foods Market. The following areas will be analyzed: vision, mission, organizational background, long term objectives, strengths, weaknesses, opportunities and threats.
Vision and Mission Statement
“The mission statement should define the purpose of the organization, customers, products or services, markets, philosophy, and basic technology” (Characteristics of a Mission Statement, n.d., para.7). Whole Foods Market is a company whose vision and mission statements are expressed through its core values. WFM focuses on providing the highest quality of natural and organic products, satisfying customer needs, promoting excellence in their team members, and exercising stewardship over shareholder investments. The mission also ensures to address their stakeholders by expressing social and environmental responsibility to the local and global communities.
Background Organization
John Mackey and Renee Lawson Hardy, owners of Safer Way Natural Foods merged with Clarksville Natural Grocery owners Craig Weller and Mark Skiles to form the original Whole Foods Market in 1980 located in Austin Texas. Boasting with a staff of 19 personnel, Whole Foods Market was seen as an immediate success due to the high demand for natural food supermarkets in the U.S. Today, the company is one of the top leaders in organic sells with more than 430 stores, throughout the U.K., Canada and 42 U.S. states (Whole Foods News Facts). The company continues to provide the best natural and organic foods while maintaining strict quality of standards.
Mackey, cofounder and CEO believes Whole Foods Motto – Whole Foods, Whole People, Whole planet sets the standard for reaching far beyond just a food retailer. He attributes the success in fulfilling the vision by marketing high-quality natural and organic foods to communities helping to change the eating habits of individuals in a way that attribute to the longevity of life and health.
In 2015, Whole Foods Market placed No. 18 on Fortune’s World’s Most Admired Companies’ list as well as No. 25 on the list of companies that have the best corporate, social, and responsible reputations among the U.S. public. COO, A.C. Gallo states “Whole Foods Market has consistently stayed true to its mission by putting a clear set of core values into practice that actively help make our planet a healthier, more prosperous, and more sustainable place” (Whole Foods Newsroom, 2015).
Industry Analysis
The natural and organic food indu.
Edison Grainery is a family-owned organic ingredients supplier founded in 2011 in Oakland, CA. It has expanded from a small space to facilities totaling 30,000 sq ft while maintaining low prices and a mission of sustainability and affordability. The company sources from around the world and offers a variety of grains, flours, pastas, beans and more. To further growth, a proposed Google AdWords campaign aims to increase brand awareness and online sales of Edison Grainery through targeted keyword advertising. The campaign utilizes seven campaigns and thirteen ad groups focused on popular products like quinoa, grains and beans. Success will be measured by social media growth and increased online sales.
Whole Foods is the leading natural and organic supermarket, founded in 1978. It has grown to 264 stores in the US, 6 in Canada, and 5 in the UK, with $6.6 billion in annual revenues and 50,000 employees. While Whole Foods has strong brand recognition and product quality, its growth has been relatively slow and it faces threats from competitors expanding into organic products. The document analyzes Whole Foods' internal strengths and weaknesses as well as external opportunities and threats, and recommends the strategic plan of expanding into new markets through market development to address its weakness of being concentrated in the US market and pursue opportunities for growth.
This document appears to be a case study report on Whole Foods Market Inc. prepared by a group of students from the National Textile University. It includes an introduction to Whole Foods as the world's leading supermarket, followed by sections on the company's history, products, competitors, vision, mission, SWOT analysis, and more. Strategic analyses like EFE, IFE, CPM, and Grand Strategy matrices are also presented. The document utilizes headings, bullet points, pictures and tables to convey information on Whole Foods in a well-organized manner over multiple pages.
Kraft Foods operates in 150 countries and analyzes its macroenvironment including demographic, economic, natural, technological, political, and cultural forces. Demographically, Kraft aims to target concentrated consumer groups. Economically, Kraft faces high bargaining power from both suppliers and buyers, low threat of new entrants, high rivalry among competitors, and medium threat from substitutes. Technologically, Kraft invests in R&D and modern equipment. For its market and customers, Kraft segments into health/wellness, quick meals, snacking, and premium categories and focuses on developing brand loyalty through innovation for its snack, beverage, cheese, convenient meal, and grocery products.
This document discusses extended attributes, which are highly detailed product information guidelines created by major retailers. The goals of extended attributes are to create a superior shopping experience for consumers by providing more powerful product searches and consistent information across channels, as well as streamlining information exchange between suppliers and retailers. Specific initiatives by retailers like GS1 US, Macy's, Nordstrom, Dillard's, and Kroger's Program Mercury are aimed at collecting extensive attribute data from suppliers to achieve these goals. As extended attribute programs continue to expand across retailers, suppliers will need to provide more in-depth product information.
STARBRANDS // BUILT TO SHINE: Krótka analiza rynku nutrikosmetyków / nutricos...SOFAMI.PL
Krótka analiza rynku nutrikosmetyków i obecnych tam marek i komunikacji marek. Our quick view on the nutricosmetics market, key players, brands, brand communication..
This marketing research report summarizes a study on brand loyalty to Coca-Cola. The researchers conducted a survey of 30 people and analyzed the results using SPSS. Key findings include:
- The sample was majority female (57%) and between ages 20-25 (43%).
- Most respondents earned between 600-1500 TL per month (93%).
- Statistical tests found no significant differences in brand loyalty based on gender or income.
- Regression analysis showed a positive relationship between brand loyalty, age, and lifestyle image matching Coca-Cola's branding.
- A weak positive correlation was found between brand loyalty and lifestyle image matching.
The report concludes there may be an opportunity for Coca-Cola to
This report contains a comprehensive corporate proposal for WFM. Contained within the deliverable is a SWOT Analysis, VRIO Framework, 6 Forces Analysis, and a Competitor Map of the United States grocery industry
Winning Shelf Space: Private Labels or FMCG Brands?Aranca
Higher margins provided by the Private Labels in comparison to established FMCG brands have augured well for the growth of Private Labels. This Aranca whitepaper is an effort to delineate the emergence of Private Labels and its impact on branded products in the FMCG sector.
Organic Origins is an Australian organic food company seeking to expand globally. It currently focuses on three main market segments: fruits and vegetables, home cooking ingredients, and dairy. These segments align with the major categories in Australia's organic food industry. Organic Origins analyzes factors like customers' age, gender, and reasons for purchase to determine behavior in each segment and tailor its marketing strategy. Future growth will depend on adapting to trends like increasing online shopping and maintaining high product quality across a diverse range of offerings.
The document provides an integrated strategic marketing plan for expanding Butterfinger's product line into peanut butter spreads and Butterfinger stores. Key points include:
- Butterfinger should launch peanut butter spreads to capitalize on the $1.5 billion spreads market and Nestle's success with Butterfinger capturing 17% of the peanut butter cups category.
- Opening Butterfinger stores would provide a unique experience for consumers.
- These strategies could help Butterfinger spreads achieve over 10% growth in the next three years, with financial targets of $144 million in net revenue and $17 million in net income for 2017.
Starbucks Corporation is a global coffee and snacks retailer with over 19,000 stores worldwide. The document provides a strategic analysis of Starbucks and the retail coffee industry. It finds that the industry is mature with moderate barriers to entry. While there are many substitutes for coffee, industry leaders like Starbucks differentiate themselves through quality and experience. The analysis also examines Starbucks' strong market position and competitive strategies.
Sprouts Farmers Market Digital Campaign StrategySummer Borowski
This digital campaign brief outlines a proposed loyalty program called "Sprouts Club" for Sprouts Farmers Market. The goals are to increase customer loyalty and grow the customer base. Tactics include creating a mobile app for the loyalty program, promoting program signups in stores, and implementing a referral program. A project plan, media schedule, and budget are presented. Key stakeholders will be communicated with regularly about the program. Potential risks like lack of perceived exclusivity are addressed.
Marketing analysis of Chipotle's Scarecrow campaign. Analysis includes audience, brand and insight, creative analyses as well as the positioning and media strategy for the campaign
The document compares the strengths, weaknesses, opportunities, and threats of McDonald's and Subway. McDonald's strengths include locally adapted menus, targeting children, and the largest market share worldwide. Its weaknesses are negative publicity, unhealthy food, and low differentiation. Subway's strengths are franchise-owned restaurants, marketing strategies, and most outlets worldwide. Its weaknesses are cheap-looking interiors, high employee turnover, and too much control over franchisees. Opportunities for both include home delivery and demand for healthier options, while threats include currency fluctuations, lawsuits, and trends toward healthy eating.
Axis White Paper - Working with Group Purchasing OrganizationsJohn Krebs
Group purchasing organizations (GPOs) leverage collective buying power to negotiate lower prices for members. GPOs benefit foodservice operators by providing volume discounts, contract negotiations, supply chain services, and market intelligence that individual operators cannot access alone. GPOs also benefit manufacturers by providing access to decision-makers and opportunities for increased market share and sales growth. There are different types of GPOs including dedicated purchasing organizations, purchase consultants, and trade associations. Operators should consider factors like choice of distributors, fee structures, and customer service when selecting a GPO.
LABELWATCH is a web-app that allows users to compare ingredients and nutrition facts of over 25,000 foods. It features an ingredient glossary, color-coded nutrition comparison system, shopping list functionality, and online community. The web-app can be customized and integrated into publishers' websites to help readers make healthier food choices, understand product information, create shopping lists, access coupons, and build an online user community.
This document summarizes a research study conducted on Chipotle Mexican Grill's green marketing practices and customer awareness. The study aimed to understand the relationship between customer awareness of Chipotle's green practices and their purchasing behaviors. It involved a survey of 120 Chipotle customers in San Francisco aged 18-34. The study found that heavy Chipotle users had higher awareness of the company's green practices than light users. However, it found no significant relationship between education level and concerns about animal treatment. And changing purchase frequency after learning about green practices did not depend on being a light or heavy user. The study recommends Chipotle increase promotional efforts to boost awareness, as over half of customers lacked knowledge of its green initiatives.
This document discusses opportunities and challenges for companies in the health and wellness market. It summarizes the results of a consumer survey on health and wellness preferences. Key findings include: 1) Consumers are willing to pay higher premiums for certain attributes like organic and products with scientific/consumer claims. 2) Taste, freshness, and natural attributes are both important to consumers and command higher premiums. 3) Both millennials and baby boomers represent important demographic groups, with differing preferences, though baby boomers are willing to pay higher premiums overall.
Capitalizing on the shifting consumer food value equationOliver Grave
Capitalizing on the shifting consumer food value equation - To help retailers and manufacturers better understand the drivers of consumer values, Deloitte Consulting, the Food Marketing Institute and the Grocery Manufacturers Association conducted a joint study.
Running Head: Whole Foods, Inc. 1
WHOLE FOODS 6
Introduction
The purpose of this project is to provide a strategic plan for Whole Foods, Inc. This strategic plan will be composed of identifying strategies and how they are used at the corporate, business, and functional levels of Whole Foods Market. The following areas will be analyzed: vision, mission, organizational background, long term objectives, strengths, weaknesses, opportunities and threats.
Vision and Mission Statement
“The mission statement should define the purpose of the organization, customers, products or services, markets, philosophy, and basic technology” (Characteristics of a Mission Statement, n.d., para.7). Whole Foods Market is a company whose vision and mission statements are expressed through its core values. WFM focuses on providing the highest quality of natural and organic products, satisfying customer needs, promoting excellence in their team members, and exercising stewardship over shareholder investments. The mission also ensures to address their stakeholders by expressing social and environmental responsibility to the local and global communities.
Background Organization
John Mackey and Renee Lawson Hardy, owners of Safer Way Natural Foods merged with Clarksville Natural Grocery owners Craig Weller and Mark Skiles to form the original Whole Foods Market in 1980 located in Austin Texas. Boasting with a staff of 19 personnel, Whole Foods Market was seen as an immediate success due to the high demand for natural food supermarkets in the U.S. Today, the company is one of the top leaders in organic sells with more than 430 stores, throughout the U.K., Canada and 42 U.S. states (Whole Foods News Facts). The company continues to provide the best natural and organic foods while maintaining strict quality of standards.
Mackey, cofounder and CEO believes Whole Foods Motto – Whole Foods, Whole People, Whole planet sets the standard for reaching far beyond just a food retailer. He attributes the success in fulfilling the vision by marketing high-quality natural and organic foods to communities helping to change the eating habits of individuals in a way that attribute to the longevity of life and health.
In 2015, Whole Foods Market placed No. 18 on Fortune’s World’s Most Admired Companies’ list as well as No. 25 on the list of companies that have the best corporate, social, and responsible reputations among the U.S. public. COO, A.C. Gallo states “Whole Foods Market has consistently stayed true to its mission by putting a clear set of core values into practice that actively help make our planet a healthier, more prosperous, and more sustainable place” (Whole Foods Newsroom, 2015).
Industry Analysis
The natural and organic food indu.
1Running head MARKETING PLAN AND SALES STRATEGY2Running hea.docxdrennanmicah
1
Running head: MARKETING PLAN AND SALES STRATEGY
2
Running head: MARKETING PLAN AND SALES STRATEGY
Marketing Plan and Sales Strategy
Amy E. Guy
Dr. Andrea Banto
Business 599
November 11, 2018
MARKETING PLANThe situation of the Existing Market
There exist different types and brands of beverages in Youngsville which are strong in their own way. Different types of people have different tastes of beverages they want which includes, but is not limited to the calorie levels and alcohol percentages whereas others are more sensitive about the side effects which might be caused by these beverages.
The current market situation in Youngsville, North Carolina is very competitive due to the existence of many giant non-alcoholic beverages companies which have colonized an enormous market share posing a threat to startups. These challenges elevate when these famous companies realize that a growing company has started to become a big competitor to them, hence channeling hefty resources to fight back.
Venturing into a market that is well established and full of giants such as is not an easy task. This will require the adoption of a well-founded marketing strategy that will enable us to maneuver through the unfair competition experienced in Youngsville.Target market
The total population of Youngsville, North Carolina is 18,336. Our company is targeting consumers of ages above 10 (This is about 95% of the total population) who want a life full of health. Our brands will serve as a suitable substitute to the existing but much expensive beverages enriched with vitamins and refreshing taste containing calorie and costly energy. The average income per household in Youngsville is $61,104, hence we have made our products considering the different existing economic strength of the people. Engineered with an immense level of quality to promote a healthier living, our products appeal greatly to people who want to support and be part of our company.Demographic Description
Age range: Any person above the age of 10.
Income Range: Persons with income above $ 1000.
Gender: Male, Female.
Social Class: Students, Working Class, Middle Class, Upper Class, Elite Class.
Lifestyle: Modern, Sports, Healthy Persons. Competition Assessment
We are a non-alcoholic beverage production company, a much-crowded venture, so our major competitors are giant companies such as PepsiCo, Nestle and Coca-Cola Company. Other competitors include Red bull and Dr. Pepper Snapple. The existing giant companies have wide market shares which they guard jealously hence they will not allow any other product to pose a threat against their products hence they will dedicate their effort and resources in suffocating their competitors in the market (Porter & E, 1989).
We have made our products to affordable, a way to pull the market since the same companies that offer similar bever.
Soupman, Inc.
Business Plan
Marketing Plan
Team 2: Brandi Seich, Mark Seich, Jonathan Downes, Jessica Gonzalez, Yiren Jiang, Jiachen Li
2-27-2017
Market Analysis Summary
Soupman, Inc. focuses on reaching three primary segments under the name “Original Soupman”:
1.1. The Convenience, Quality Shopper. Someone interested in purchasing a consistently tasteful quality, fresh product for themselves and/or their family, which can be prepared with ease and convenience.
1.2. The Business Folk. Local business workers within the tri-state area of NY, NJ and CT in search of a local dining experience for lunch or a quick dinner.
1.3. The Educational Consumer. Buyers within the educational market of high schools and colleges looking to provide vegetarian, quality products to students and faculty.
Market Segmentation
Soupman, Inc. under the name Original Soupman will continue to focus on three key market segments: convenience, quality shoppers; business folk; and educational consumers. There are multiple delivery systems to service these three markets including: grocery locations, food services – brick-and-mortar and mobile; and educational.
The convenience, quality shopper would be those individuals shopping at a grocery or soon to come convenience store location looking for a quality, convenient product they feel confident in for their own consumption or their families. Their needs are met through the Original Soupman soups which are available in 17 ounce Tetra Pak cartons delivered through the grocery segment in 6,500 grocery stores. The soups have prime positioning beside market leaders such as Campbell’s and Progresso. Some of the prestigious retailers within the grocery segment include Kroger, Costco, Safeway, Albertson’s, Publix, Wegman’s, HEB, Shoprite, Acme, Shaw’s and Winn Dixie among other regional chains as well.
The business folk are those within the NY, NJ, and CT area who are looking for a quick, convenient, but consistently tasteful dining experience for lunch, dinner or anything in between. In addition to soups, sandwiches and salads are also available. These consumers are served in one of our eight franchised and licensed brick-and-mortar locations. They can also be served by our mobile location, which provides a daily calendar for consumer convenience. This mobile market is served through using heat ‘n service pouches to ensure consistent flavoring no matter the location of choice.
The educational consumer is served in a number of schools and colleges in the NY area. This segment is serviced through the use of bulk flash-frozen soups and other products (e.g., Mexicali Beans, Stewed Pinto Beans and Curried Chick Peas with Tomatillos).
Soupman has identified substantial distribution opportunities in national restaurant chains, college campuses, stadiums as well as other food service venues. Early testing has begun within a national restaurant chain and has been quite successful.
Significant opportunities reside within the grocery se.
This document provides a situation analysis for launching a test marketing campaign for Brightside Morning Snacks cereal bars in the Spokane DMA. It summarizes key details about the cereal bar market such as its size, growth trends, distribution patterns, and significant trends related to health, product innovation, packaging, and snack culture. It also analyzes Brightside's competitive position and reviews the target market, recommended media plan, creative strategy, sales promotion tactics, and proposed budget for the campaign. The goal is to reach 400 GRPs in the first 90 days through radio, TV, and outdoor advertisements targeting women ages 21-39 with household incomes over $50,000.
This document provides an overview of marketing concepts through an interactive PowerPoint presentation intended for A-level students. It covers topics such as the consumer market, new product development, market segmentation, and the product life cycle. The presentation is divided into sections that can be accessed through buttons and includes definitions, examples, and quiz questions. The overall content explains key marketing strategies and considerations related to identifying customer needs and developing new food products.
5 Opportunities in the Nutritional Supplements IndustryL.E.K. Consulting
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Indeed, when asked about their prior month’s purchases, just 55% of consumers who make H&W a priority said they bought VMS, and only 25% had purchased sports nutrition products. In other words, for retailers and brands there are some significant opportunities — and even a lurking threat — to be found.
This document provides a feasibility analysis for a snack bar venture called FIX bar. It describes the founders and their responsibilities, the product which are organic snack bars designed to meet nutritional needs and facilitate daily activities, and the target market of young adults aged 18-24 in Miami. It finds that the market for nutritional bars has been growing significantly in recent years as consumers seek healthier snack options. The analysis concludes FIX bar has potential for success given the untapped market opportunity and growth trends in the industry.
Social Listening for the Food & Beverage IndustryBrandwatch
With the advent of recent technological advancements and social developments, the food & beverage industry is undergoing some serious adjustments.
Social media has facilitated closer and stronger relationships between brands and their consumers. At the same time, the public has grown more conscientious of what they consume. Brands are under scrutiny.
The Food & Beverage report outlines the industry’s social media landscape, how leading brands are optimizing their social strategies and techniques for intelligent consumer listening.
Download the report to discover:
- How to time Twitter activity to get more attention
- What bacon and kale can tell us about the health food trends and US consumers
- How Coke Zero, Snapple and Vitaminwater are covering niche interest groups
- How the frappuccino became a summer beverage
Why the health trend threatens to change big food & beverage brands’ businesses
Functional food and food ingredients marketingARMEN MEHRABYAN
1. The document discusses strategies for developing and marketing specialty foods, which provide health benefits beyond basic nutrition.
2. Key aspects of specialty food marketing include establishing the scientific relationship between ingredients and health benefits, demonstrating efficacy at safe levels, and accurately informing consumers.
3. Developing a marketing plan is also essential, including defining target customers, competitors, pricing, and promotion strategies. Market research should identify trends, demand, and how to position products in niche markets not filled by mass retailers.
Functional Foods: Key Trends by Product Categories and BenefitsMarketResearch.com
An overview of the Functional Foods: Key Trends by Product Categories and Benefits report. Within the vibrant U.S. functional food and beverage market, weight management and satiety, sports nutrition, and energy are areas showing exceptional activity, in part due to the growth of products and categories targeting breakfast and snacking occasions. As a result, important shifts in brand positioning, benefits and product claims are taking place.
Running is a form of physical exercise that involves moving at a speed faster than walking. It is a popular recreational activity as well as a competitive sport. Regular running provides significant health benefits such as improved cardiovascular fitness, weight control, and reduced risk of diseases.
This document discusses the rise of consumer demand for transparency in the food industry. It notes that consumers now prioritize factors like clean eating, labeling, farming practices, and animal welfare over questionable diets and fads. Nearly all consumers believe transparency about ingredients and production is important. While millennials are vocal advocates for these issues, surveys find consumer concern spans all demographics. Food companies that address priorities like health, safety, and sustainability can gain loyalty. Maintaining trust requires transparency across a company's operations and engaging with consumers online.
The document is a report submitted by The Daily Value consulting team to Lewis Goldstein, Vice President of Brand Marketing at Organic Prairie. The report provides research and recommendations for promoting and distributing Organic Prairie's new product, the Mighty Bar, a beef jerky snack bar. The report examines key findings around price, distribution, and promotion strategies. It also details the primary and secondary research conducted, including a survey of university students and a product taste test. The recommendations are aimed at competitively positioning the Mighty Bar in the marketplace to increase sales and market share among the target demographic of millennials aged 18-30.
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The survey analyzed spending and preferences around nutritional supplements and skincare products. It found that 80% of consumers across generations are highly engaged with both categories, spending on average over $100 per month. Key insights include: (1) Amazon is the most preferred channel for supplements and second most for skincare; (2) consumers spend significantly on the other category as well, showing crossover opportunities; (3) while spending increases with age for supplements, skincare spending is higher for millennials. The survey suggests opportunities around personalization and developing the convenience store channel.
Mid-Term Exam Marketing 435535Summer Term 2017 Exam Instructi.docxARIV4
Mid-Term Exam Marketing 435/535
Summer Term 2017
Exam Instructions: This exam is designed to measure your understanding of concepts that were discussed in class lecture, course readings, and using Wikipedia and the embedded web links. You are free to consult these materials and your colleagues when preparing your answers to questions below, but please the words you choose for your answers should be your own. Each question is equally weighted and I expect about 1/2 to a page in length, per answer (average 2/3 page), for a total of about 5-6 pages in length. Answer any 5 questions. Please put your name on exam and file name. Exam is due on D2L.
Answer any 5 of the 6 following questions:
1. If you had unilateral power, what is the one food-related regulation that you would impose - or abolish? Why would you take this action? What would be the impact on both consumers and business? And…if you happen to be a citizen/resident of a country other than the US, please feel free to put your answer in the context of that nation’s regulatory framework.
2. Do you think that the US government should allow the Amazon acquisition of Whole Foods to go through? Why or why not? And please explain what you think the impact of this deal, assuming it is completed, will be on both consumers and business.
3. Tell us three things that you did not know about retail and CPG marketing that you did not know before you took this class, but have learned from our assortment of guest speakers.
4. What has changed about the consumer’s decision journey as described in the readings from the way consumers used to shop and what are some marketing implications for reimagining the American supermarket for the future? (Refer to the readings/speakers in your answers)
5. In the class lecture it was stated that market penetration is a key to success for CPG products.
What are the two requirements described in the lecture to achieve high market penetration rates and how is the “Law of double jeopardy” related? (Use your notes and if you want Wikipedia).
6. What are the top business career opportunities according to US News and World Report for 2015 in Marketing? Of the skills reported as most important for interviewers for marketing hires which are your top 3 strengths? Which are the 3 you need to work on the most? Why is it important to develop a marketing plan for yourself for life after school?
• Guest Speaker Jason Strobbe- Going to Market in Wine
What “was” in the News 2016 this week
Mintel’s top 12 key trends for 2016
* Alternatives Everywhere: Novel protein sources and potential replacements means that what was formerly ‘alternative’ could take over the mainstream.
* Artificial: Public Enemy No. 1: Companies are removing artificial ingredients to meet consumer demand for natural food .
* Eco is the New Reality: Sustainability continues to evolve and has become a necessary part of new product development.
* From the Inside-Out: A market has been cr ...
This marketing plan aims to use social media and digital advertising to encourage more millennials to shop at Whole Foods Market. The plan focuses on creating informative video content for Instagram and TikTok to grow followers by 20% in the first month. It also aims to post 24 videos on TikTok by the end of the campaign. Advertising will be done on Amazon to target the 57% of millennials who are Prime subscribers, as well as on billboards which 71% of Americans look at. The budget allocates around $70,000 for Instagram and TikTok content creation and boosting, $20,000 for Amazon ads, and $120,000 for billboards. The goal is to inform millennials
2. Table of Contents
Situation Analysis
Research
Problems & Opportunities
Marketing Objective
Budget
Marketing Strategy
Advertising Creative
Advertising Media
Marketing Communication
Evaluation
Testing
1
6
9
10
12
15
18
24
34
36
38
3. 1
Situation Analysis
Current Users
These are primary users of the nutrition/energy bar category. These same users also include several
products from the nutritional snacks-granola market in their consideration set; Nature Valley, Nutri
Grain, Quaker, Think Thin and Special K. Consumers of these two markets are closely related. We
found the heavy users of nutrition/energy bars to be educated beyond college, have a high household
income ($149,000+), are between the ages of 25-44, have older children in the home and tend to be
physically active in sports and fitness year round. Leading competitors tend to market their products
heavily to the outdoor enthusiast. Data from GfKMRI Plus suggests users have a great deal of variety in
their physical hobbies (GfKMRI Plus, enclosures 1 and 2). Hiking, climbing and other outdoor activities
are reflected against competitors like Clif and Nature Valley, but the general user data reflects fitness
activities like yoga, or running are important to a larger portion of users (Simmons OneView, graph
7.6). These users are also socially active. They host house parties, cook with friends and go out to bars
and nightclubs. Users of nutrition/energy bars share an equal interest in video games and are music
listeners.
The heaviest consumers tend to live in the Pacific and Northeastern regions, clustered heavily in cities
(Table 1.1). There are approximately 28 million nutrition bar consumers. Females outnumber males
15.2 million to 12.4 million (Packaged Facts, 2013).
Table 1.1
Geographical Emphasis
We used SRDS data (See enclosure 7 for examples of SRDS DMA profiles) to find the geographical
location of energy bar users in the U.S. We ranked DMAs based on relevant, available population
4. 2
data. The criteria we used were population 25-44, household income of 150k+, occupation, footwear
sales, and sporting good sales. These criteria were selected based on MRI demographics of energy
bar users. This allowed us to find the top 34 DMAs. They are listed below, ranked by index (Table 1.2).
We then used data from MRI to verify the data obtained through SRDS (Table 1.3). This data, although
less specific, backed up the DMA research showed. The two areas that had indexes over 100 were the
northeast and the pacific. These two areas largely accounted for the top ranked DMAs. (See enclosure
6. 4
Purchase Cycle of Energy Bar Consumers
Frequency ‘000 Total Bars
7.0 16,098 112,686
3.0 9,128 27,384
1.0 12,855 12,855
Totals 38,081 152,925
Average # of bars purchased/7 days
4.0
Purchase Cycle
The purchase cycle for energy bars is .93 bars over a 7 day period and 4.0 bars over a 30 day period.
The total of energy bar users who consume between 1-7 bars over a 30 day period is 38,081 and the
total amount of bars they consume is 152, 925. Dividing the total number of bars consumed by the
total number of those consuming them yields an average of four bars every seven days, which can be
further broken down into .93 bars per a day. (Table 1.4)
Table 1.4
Seasonality
The category has an uptick in sales starting in January and peaking in July. Sales taper down during
the fall, starting in October. This downward trend does not bottom out as heavy users who are also
physically active continue their outdoor activity into the winter months.
Creative Requirements
Taos Mountain Energy is a high cost product that caters to a fairly specific crowd. To give themselves
credibility for the high price and to appeal to their audience, things like “gluten-free”, “non-GMO”,
and “Vegan” need to appear in the promotional materials. The National Park Foundation logo should
be present on the promotional materials as well. Traditional outdoor media should be avoided because
it works against the credibility of the brand’s “love of nature” angle.
7. 5
Competitive Sales
We were able to find competitive sales of Clif bars, Kind bars and Powerbars by looking at the category
data of snack bars in the U.S. In the category data we found market share and total market unit sales
and were able to find unit sales. We used sales of snack bars by category value in 2014 and LBN brand
shares of snack bars in 2014. (Passport, encolsure 4)
We used the following equation:
Market share = 100 * unit sales / total market unit sales
Table 1.5** sales of competitors in 2014
Table 1.6
Table 1.7
8. 6
Research
Objectives
1. To gauge users’ opinions on the nutrition and energy bar category.
2. To gather information on how users make purchase decisions in same.
3. To determine which criteria for purchase is most important to category users.
4. To discover which brands users choose most.
5. To determine which geographic markets are most suitable for expansion.
Strategies
1. Gain initial information through one-on-one interviews with members of the target audience.
Portions of these interviews will provide raw data for quantitative study
2. Gain initial input via focused group sessions with two key purchaser groups.
3. Gain geographic insight through a DMA analysis
Method
1. The research was conducted using face-to-face interviews with respondents who were found
using the intercept technique in: grocery stores, outdoor lifestyle stores, fitness and climbing
gyms and university campuses. A total of 240 interviews were conducted.
2. Each focus group consisted of 8 participants. Focus group one consisted of semi-pro and
amateur athletes, male and female. Focus group two consisted of generally active users;
predominantly women with children.
3. Created a multivariate index of all 210 DMAs to determine those most suitable for expansion.
The variables chosen included: household income level, population age 25-44, outdoor
recreational equipment sales, footwear sales, and occupation. (see enclosure 3)
9. 7
Graph 2.1
2. Taste is the number one criteria, but respondents’ attitudes about the general taste of
category products is only a little above neutral, average 3.85.
Graph 2.2
Summary of Findings
1. Respondents number one criteria for purchase is taste. Nutrition is just as important, but is
considered a given when purchasing within the category.
10. 8
3. Respondents use the product most often as a snack. The categorical products are mostly considered
a substitute for something else the user would rather have. Respondents were asked to rate their
agreeableness to the following, “When I am hungry I reach for an energy and nutrition bar first.” See
Graph 2.2 above “Reach For,” average.
4. Respondents agreed products from brands like Clif, PowerBar and Nature Valley look and taste too
processed. Expressed a desire for bars that look and taste like real food.
5. Users take and keep products with them throughout the entire day.
6. Respondents expect products in the category to be nutritious. No brand is a clear standout for taste,
ingredients, variety or quality.
7. Respondents use a large variety of products in this crowded category. Some are purely for nutrition
others predominately for taste.
Graph 2.3
11. 9
Problems & Opportunities
Community Kitchen: Kyle Hawari created Taos Mountain Energy bars in a community kitchen with a
buddy of his. Taos Mountain Energy bars has the opportunity to share this story with all consumers.
Uncertain Brand Personality: Taos Mountain Energy bars is still figuring out brand personality. Taos
Mountain Energy bars has the opportunity to reach a different target audience through different brand
personalities.
12. 10
Marketing Objective
Number
To increase share of the market by +2.6 percent, from 5.1 percent to 7.7 percent. By increasing share
of the market by 2.6 percent, Taos Mountain Energy Bars will sell 2,386,384 units.
Rationale
Sales History
According to a study report by Passport (enclosure 4), Energy and nutrition bars set to continue
its recent boom in 2014, as current value sales predicted to increase by 14% to reach US$2.8
billion
The two graphs (graph 4.1 and graph 4.2) below will illustrate the increase in market share that
the first, second and fifth ranked energy bar brands, and Taos Mountain Energy Bar’s biggest
competitors, have seen over the past 4 years. Between the two brands, there has been an
average increase of 1.3 percent. Over the past five years, the sales of energy and nutrition
bars has experienced 90 percent value growth. Taking this into consideration as well as the
steady and consistently rising increase among top brand energy and nutrition, we expect Taos
Mountain Energy Bars to experience double that percent growth, thus making our objective
double the average increase, which is 2.6 percent.
Graph 4.1 Graph 4.2
Attitudinal Changes
According to the previously mentioned Passport report (enclosure 4), Healthy positioning
continues to be key for consumers in 2014. Many consumers are concerned about the adverse
health effects that may stem from preservatives and GMOs (genetically modified organisms),
13. 11
and believe that
eliminating these can help them live a healthier lifestyle. Consequently, many producers of
snack bars continued to push the health aspects of their products to attract consumers in 2014,
which contributed to the 14 percent increase in value sales witnessed that year. Therefore, since
one of the key components of Taos Mountain’s slogan “rebel with a cause” is that the bars
are ‘real food’ made with all natural, organic, and non-GMO ingredients, these bars have the
ability to champion the movement towards healthier energy and nutrition bars, thus effectively
doubling sales in the process.
Marketing Effort
Our proposed marketing effort will extend across the country, thus making the increase in sales
spread over a broader audience. Therefore, it is reasonable to assume that sales will double, if
not triple, because the market is expanding from a market containing less than quarter of the
210 DMAs that make up the national market.
14. 12
Budget
Substantiation
Taos Mountain Energy Bars is a growing brand. Based on sales figures for the market over the past
four years, not only are sales of energy/nutrition bars expanding at an exponential rate, but also bars
produced with an emphasis on nutrition. Based on our research, energy bar users main criteria when
purchasing bars is nutrition, followed by protein and taste. Therefore, we expect our plan to expand
Taos Mountain Energy Bar’s market base to be highly successful, thus increasing sales. In order to
expand Taos Mountain Energy Bar’s base market and reach a wider target audience it is necessary to
spread advertising efforts across the country past its current centralized region. We have chosen to
focus advertising efforts on areas of the country with highest brand potential indices. We will target
individuals who fit the ideal Taos Mountain Energy Bars user description by using media best suited
to reach them. In order for us to reach our objective of expanding the market enough to gain a 2.6
percent increase of market share, while considering realistically what is within our means, we have
projected a budget of $6.8 million dollars to allocate towards advertising and public relations efforts.
The budget was calculated by multiplying projected advertising to sales to the projected number of
units sold for the following year.
The advertising to sales ratio was determined by averaging the advertising to sales ratios listed in an
article from AdvertisingAge (enclosure 5) for the following categories: Food & Kindred Products (11.5),
Groceries Related PDS-WHSL (.3), Groceries, General Line-WHSL (1.1). The average Advertising:Sales
for these categories was 4.3 percent.
The number of projected units sold was calculated by determining the projected number of units sold
for three brands within the energy and nutrition market with high, average and relatively low market
share in the category. Clif Bar, KIND Bar, and Power Bar had respectively the highest, average and
relatively lowest market shares in the category.
The number of projected units sold for each of these brands was calculated by using the following
formula :
Market Share ($) = # of units sold ($) / # units sold in the category ($).
15. 13
Information about market share and number of units sold in the category for all three bands ranging
from 2010-2014 was taken from research Passport (enclosure 4).
After calculating the number of units sold from 2010-2014, units were plotted on a graph and a line of
best fit was used to determined the projected number of units sold for the following year.
The projected units sold for the following year for each brand were then averaged to determine how
many units Taos Mountain Energy Bars would sell the following year.
Budget Allocation
The budget of $6.8 million will be divided across three markets : A, B, and C. The A market, which makes
up 10.44 percent of the population will receive $554,000, while the B market, which makes of 23.92
percent of the population will receive $715,000, and the C market, which comprises the remaining
65 percent of the population will receive $5,700,000. However, $832,000 of the national budget will
be allocated to the A market in the form of experiential advertising, which then can be reflected in
the digital national market. This is justifiable in that the experiential efforts will be published on the
RealSimple.com and Inc.com websites, thus enabling them to have a digital component, which will be
disseminated across the national market. This $832,000 can be considered as being a shared amount
of money used for both experiential and digital marketing in two separate markets.
Since the A and B markets could only comprise 35 percent of the population, they were divided based
on level of index. The first clear break in indices between the A and B market appeared at the DMA
with the 27th highest index. This first market accounted for 10.44 percent of the population, therefore
the B market then accounted for the remaining 23.92 percent.
The budget will be allocated toward digital, print, and public relations strategies. The list below shows
the dispersal of funds according to market.
16. 14
Market A (Budget: $554,000 + $832,200 from national budget)
1.Public Relations ($554,000)
2.Experiential Advertising ($832,200)
Market B (Budget: $715,000)
1.Public Relations ($715,000)
Market C/National (Budget: $5,700,000 - $832,200 to be allocated to A market)
1.Advertising ($5,700,000)
Media:
Social Media ($63,908)
Website ($2,215,000) + $832,200(digital based on experiential)
Magazines ($1,694,126)
Radio ( $726,966)
Market B
$715,000
Public Relations
$715,000
Market A
$1.4 million
Public Relations
$554,000
Experiential
$832,200
Total Budget
$6.8 million
Market C
$4,867,800
Market B
$715,000
Market A
$1,386,200
Digital
$2,215,000
Social Media
$63,908
Magazines
$1,694,126
Radio
$726,966
Market C
$4.8 million
Graph 5.1
17. 15
Marketing Strategy
Advertising
Creative:
Promotion
To establish a presence and generate top of mind awareness of Taos Mountain Energy Bars
among the target audience in new markets.
Media:
Target Audience: To deliver a target audience of men and women classified as experiencers
of varying ages, 25-44. Many users consider themselves outdoor adventurers, but the bulk
of users are merely physically active; participating in everyday fitness activities: running,
cycling, weightlifting and aerobics.
Geography: To provide a base of advertising nationally, with additional advertising placed
in the market (A) with the greatest opportunity of sales as defined by a brand potential
index.
Seasonality: To deliver a high concentration of advertising messages during Q1, Q2, and
the first four weeks of Q3 in line with peak sales of energy and nutrition bars as evidenced
by historical trends.
Continuous: Implement a continuous media schedule throughout the duration of the
campaign.
Creative Constraints: Visual media should be the primary form of media to show the how
appetizing the bars are. The “all natural” and environmentally conscious aspect of Taos
Mountain Energy makes tradition outdoor media less appealing because it is thought to
obstruct nature.
Reach Versus Frequency: To establish a frequency of at least 7, and a reach of 39 percent
within the budget.
18. 16
Public Relations
To enhance public opinion of Taos Mountain Energy as a brand for all users, not just athletes.
Experiential Marketing
To establish Taos Mountain Energy as a brand that understands the struggles of everyday
adventurers.
Digital Social Media
To establish brand engagement with the target audience by creating platform-specific content
accessible through mobile applications as well as Taos Mountain’s social media pages that
encourage users to interact with the brand.
Product
Packaging: To create packaging that is easier for use by children and active people on the go.
Pricing
The brand will maintain current pricing, however is actively seeking means in which to reduce the
price. A lowering of the price will help expand the target audience, thus allowing more sales of the
product, thus raising the share of the market.
Distribution
To expand distribution of the product into markets located across the country, this will aid to increasing
volume of sales, thus raising the share of the market.
People
The target audience for Taos Mountain Energy Bar’s expansion are everyday adventurers. They are
experiencers of varying ages, 25-44. Many users consider themselves outdoor adventurers, but the
bulk of users are merely physically active; participating in everyday fitness activities: running, cycling,
weightlifting and aerobics. Women make up 55 percent of the target audience with men making up 10
percent less. Taos Mountain Energy Bar users are post graduates who work in professional and related
fields. We classify the target audience as the VALS consumer group Experiencers. These people are
physically active, sensation seekers.
19. 17
Rationale
Creative:
Advertising messages will be delivered to the target audience via a variety of vehicles on a national
basis, thus generating greater awareness of the product and increasing sales. With the increase
of sales spreading across the United States and not just in one centralized region, Taos Mountain
Energy Bar will be able to increase its share of the market.
Media:
Target Audience: Age 35-44 and 45-54 had the highest indices on MRI for energy/nutrition bar
users. We decided to include 25-34 year olds because of the indices for education and household
income. The highest indices for education were graduated college plus and post graduate and the
highest index for household income is $150K+.
Geography: The base of the campaign will be national because the majority of our advertising will
be online and available for anyone in the United States to be exposed to.
Seasonality: Kyle Hawari informed us that Taos Mountain Energy Bar witnessed the biggest growth
in sales beginning in January 2015 with $75,000 in sales and peaking in July 2015 with $130,000
in sales. He also mentioned that there was a downturn in sales after July and during the fourth
quarter. Advertising messages should be disseminated in Q1 and Q2 with an emphasis on the first
four weeks of Q3 (the month of July) because this month witnesses the highest increase in sales.
Continuous: Implement a continuous media schedule throughout the duration of the campaign.
Creative Constraints: Keeping the campaign largely visual will emphasize the appetizing nature
of Taos Mountain Energy Bars. It will also show the audience that each bar is different in terms of
texture and flavor, which will differentiate it from competitors. Not using traditional outdoor media
highlights the “love of nature” characteristic that Taos Mountain Energy has formed.
Reach Versus Frequency: Reach and Frequency were calculated using the following steps:
1. Impressions= (Budget/CPM)*1000
2. Frequency= Impressions/ population 25-44 of the vehicle
3. Reach= population 25-44 of the vehicle/ National population 25-44
20. 18
Advertising Creative
Target Audience
1. The target audience for Taos Mountain Energy Bar’s expansion are everyday adventurers. They are
experiencers of varying ages, 25-44. Many users consider themselves outdoor adventurers, but the
bulk of users are merely physically active; participating in everyday fitness activities: running, cycling,
weightlifting and aerobics.
2. Demographics:
%45 %55
Table 7.1
Table 7.2
Table 7.3
21. 19
Criteria For Purchase
Consideration Set
Graph 7.4
Graph 7.5
2. Psychographics: We classify the target audience as the VALS consumer group Experiencers. These
people are physically active, sensation seekers. Simmons One View data describes this audience
through the following segmentation profiles:
24. 22
Rachel is 32-year-old professional dancer. She is married and planning to have a child. She is
concerned about how much her life and body will change when she has one. She has taken an
increased interest in fitness and nutrition in order to stay in shape. She may even make a second
career out of it.
Christian is 25-year-old student. He cycles for fitness and stress reduction while he studies for
his economics degree. He is a quiet adventurer, often spending time with his friends outdoors.
Schoolwork is what brings him the most stress. Everything else is an escape to help him get
through this final semester.
Cara is a 39-year-old mother of three. She is busy all day chasing her children around the house.
The children get the first fruits of everything: her time, her energy, her food and beverages. Very
few things are hers and hers alone and she seldom splurges, but works to give her children and
herself the best she can.
Penny, age 44, is an exceptional public affairs executive and semi-professional marathoner. She
is always on the move. More so than when both of her children were in the house. Her fitness
activities are more than a passing hobby. It is as much a part of her everyday as running her
department.
4. Mini Sagas:
Simple Strategy
To convince everyday adventurers
To buy Taos Mountain Energy Bars
Instead of leading category competitors
Because Taos Mountain Energy Bars have the great taste they want with the nutrition
they need
Insight
Nutrition is as useful as it tastes.
25. 23
Support
Taos Mountain Energy Bars has superior taste with the same nutritional standards as its competitors.
This statement is backed up with user testimonies and taste tests.
Considerations
There is potential for Taos Mountain Energy bars to be positioned as the bar for the whole family. The
creative should show parents sharing or giving the bars to their children.
Everyday adventurers are still adventurers. The creative should show the target audience using Taos
Mountain Energy Bars during adventurous activities of varying intensity.
Tone
Supportive and encouraging. Taos Mountain Energy Bars is here to help and encourage people to
conquer their mountain.
Rationale
The target audience are everyday adventurers who use products from this category every day.
Respondents “always have one with [them]” (see enclosure 11). Their criteria for distinguishing between
brands is taste. Nutrition and energy bars taste relatively good, but they are most often a substitute
for something else the respondent would rather have (see enclosure 12). Nutrition is nearly equal to
taste, but is considered a given for the category. They are willing to pay for a bar that has the great
taste they want and the nutrition they need. As a focus group respondent said, “if my kids will eat it,
I will buy that bar” (see exhibit FocusGroup.2). The category is crowded so a product needs to stand
out. We want to position Taos Mountain Energy Bars as a tasty nutritious snack they always have with
them to help get them through today’s challenges. – The every day bar for everyday adventurers.
Tactics
Pursue endorsements from and sponsorships for users other than professional outdoor enthusiasts
and athletes, i.e. active mothers and business professionals.
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Advertising Media
Objective
Target Audience: To deliver effective messages to everyday adventurers. They are
experiencers of varying ages, 25-44. Many users consider themselves outdoor adventurers, but the
bulk of users are merely physically active; participating in everyday fitness activities: running, cycling,
weightlifting and aerobics.
Geography: To provide a base of advertising nationally, with additional advertising placed in the
market (A) with the greatest opportunity of sales as defined by a brand potential index.
Seasonality: To deliver a high concentration of advertising messages during Q1,Q2,and the first four
weeks of Q3 in line with peak sales of energy and nutrition bars as evidenced by historical trends.
Continuity: To deliver advertising in a continuous fashion throughout Q1,Q2, during the first four
weeks of Q3, in line with past sales.
Creative Constraints: To use digital media that allows for the visual representation of the appetite
appeal of Taos Mountain Energy Bars.
Reach vs. Frequency: To maintain a frequency of at least 7, and a reach of 39 percent within the
budget.
Strategies
Media Mix and Types: To use a media mix of digital, print and radio.
Media Format: To use outdoor recreation magazines. To use online radio and a news/video streaming
websites. To use nationally syndicated radio programs such as Delilah and Ryan Seacrest.
Geographic Use of Media: To allocate money on a market-by-market basis, using brand
development index and the summation of CPPs for each DMA in the respective markets to
27. 25
determine individual market advertising weights.
Seasonal Use of Media: To advertise during peak months of energy/nutrition bar sales, with emphasis
on the first four weeks of Q3, evidenced historically by the highest peak in sales.
Flighting versus Continuity: To maintain a continuous schedule on all platforms throughout Q1,Q2
and the first four weeks of Q3.
Rationale
Support of Strategy: Using a media mix of digital and print will effectively reach all ages within the
target audience as well as expose more of the target audience to advertising messages by reaching
them via different vehicles. By using specific types of magazines, radio stations and websites, we are
able to directly reach our target audience because these are the specific places they frequent and take
interest in. Lastly, by focusing on disseminating messages across these platforms with an emphasis on
a parts of the country with the highest BPI, we are able to reach more of our target audience with a
larger frequency, thus expanding our current market while meeting our objective of increasing Taos
Mountain Energy Bar’s share of the market.
Support of Delivery and Efficiency: The original media plan (A) relied heavily on billboard advertising,
however, since the budget for the market in which this form of advertising was most desirable, was
75 percent under the necessary funds needed, and would potentially reach only 10 percent of the
national population, we chose to form a new digitally based strategy. The digitally based strategy (B)
was not only cost efficient, but also allowed for a wider reach and frequently, thus resulting in higher
campaign GRPs. Traditional media such as Radio and magazine advertising will be used in plan A
order to reach the older segment of the target demographic. In order to reach the younger segment
of the demographic, we will rely on social media advertising and the online radio streaming website,
Pandora. Social media and digital advertising is expected to yield an average GRP of 103.875, which
combined with traditional advertising vehicles, radio and magazine, results in a total of 275.73 GRPs
for the overall campaign. This high number of GRPs results in a higher number of users being exposed
to our advertising messages, thus expanding the market and leading to an increase in sales and
ultimately share of the market.
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Reach, Frequency and GRP Summary
Table 8.2
Table 8.3
Table 8.1
Tactics
Media Vehicles
Table 8.3
35. 33
Table 8.11
Buying
Constraints: Experiential advertising will not include sampling. The client is not interested in using any
social media that is newer than Facebook.
Rationale: The client has used sampling in retail stores in the past so we do not think it would be
beneficial to continue using that tactic. The allocated budget for sampling could be better put to use
elsewhere. The client does not want to use social media that is newer than Facebook because newer
social media is reaching a younger generation and is too far out of the target market.
36. 34
Marketing Communication
Public Relations
Current Situation: Taos Mountain Energy partners with Angel Fire Mountain Bike Park, local athletes
and sharing their information with local news sources. Sampling has been successful for Taos Mountin
Energy in the past.
Objective: To enhance public opinion of Taos Mountain Energy as a brand for all users, not just athletes.
Strategy: To influence consumers to purchase Taos Mountain Energy instead of Clif bars because Taos
Mountain Energy has every consumer in mind, not just the athlete.
Target Audience: Understand all of the publics. Although the head of Taos Mountain Energy will
be making decisions, the athletes and other supports are the ones engaging and reaching out to
the target publics. Make sure all groups know the reasoning behind Taos Mountain Energy and the
changes we are trying to reach.
Rationale: The strategy is correct because Taos Mountain Energy focuses on the individual consumer
and their needs rather than an entire audience. The media will run stories because Taos Mountain
Energy is focused on changing the way consumers use energy bars and the opinion that all energy
bars are the same.
Experiential
Current Situation: It is unknown whether Taos Mountain Energy has utilized any experiential marketing.
Objective: To establish Taos Mountain Energy as a brand that understands the struggles of everyday
adventurers.
Strategy: To involve the target audience with health and wellness events that showcase Taos Mountain
Energy Bar’s dedication to matching the tastes and nutritional needs of the everyday adventurer.
Target Audience: To deliver the event to Men and Women 25+
37. 35
Rationale: Sponsoring health and wellness fairs will help teach consumers about nutrition, exercise,
and other healthy habits. The everyday adventurers that we are targeting will get the chance to learn
how to overcome life’s struggles from experts and Taos Mountain Energy. This will position the brand
as the energy bar that is not just for athletes, but also everyday people.
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Evaluation
Current Situation
We are continuing our qualitative research with additional questionnaires, focus groups and
ethnographies. We adjust these to reflect the most recent findings to fine tune the data.
Objective
1. To determine the attitudes towards Taos Mountain Energy Bar and its advertising.
2. To determine target audience response to campaign creative.
Strategy
Objective 1:
To gain insight on why and where the target audience uses energy bars generally and what they think
of Taos Mountain Energy Bars specifically.
Objective 2:
Determine how Taos Mountain Energy bars taste compares to top competitors.
Objective 3:
To conduct a quantitative attitude, usage and awareness study in the middle and end of the campaign
to verify or refute the findings of the qualitative study
Tactics
Objective 1:
Conduct 500 additional surveys. Questions will focus on why and where the target audience uses
energy bars. Conduct two focus groups in the first quarter to gain insight further regarding survey data.
Objective 2:
Conduct a taste test to quantitatively measure Taos Mountain Energy Bars against their category
leaders.
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Objective 3:
Conduct the following:
1. An attitude measurement for the brand in the middle of quarter two.
2. A brand and advertising awareness measurement at the end of quarter two.
3. A purchase motivation assessment at the end of quarter three.
40. 38
Testing
Objective
To determine the sales impact of a 15 percent increase in advertising impressions against an expanded
target audience including 18 to 24-year olds.
Strategy
To use an additional digital media distribution channel to target the expanded age demographic.
Tactics
1. Use Vice Media Inc.’s digital targeting capabilities to extend the current reach of the campaign to
the 18 to 24-year-old and increase the frequency for the large 25 to 35-year-old age segment of the
target audience.
2. Work with Vice Media Inc. and current influencers to produce online video creative.
Distribute this creative through the Vice owned website, Munchies; aligning Taos Mountain Energy bar
with this segment’s epicurean pillar.
Rationale
18 to 35-year-olds are heavy users of the category, with an index of 115. They account for 7.8 percent
of purchases. The primary campaign positions Taos Mountain Energy Bars as an everyday product
for the whole family. We believe there is an opportunity to secure this position by reaching the family
members who are in transition out of the home or starting homes of their own. Reaching this segment
would associate Taos Mountain Energy Bar with additional types of adventures and adventurers and
create opportunities to expand into additional markets.