This document provides a group project report for a marketing management course. It includes an analysis of the restaurant industry covering topics such as the economy, laws and regulations, costs, competition, and technology. It then presents the group's proposed restaurant concept called La' Giardino, including its mission statement, SWOT analysis, target market, marketing goals, and marketing mix strategies. The key details are that the group proposes an Italian garden-themed restaurant targeting upper and middle-income families in the Shahrai Faisal area of Karachi, Pakistan with competitive pricing and a focus on fresh, healthy foods.
The document provides details on the marketing plan for a proposed new healthy food restaurant. It discusses the mission to exceed customer expectations through sensory experiences. It will target middle and upper middle class customers aged 16-40. The unique selling point is providing at least 35% lower calorie dishes without compromising taste. Advertising will be through colleges, gyms and organic vendors. The marketing mix discusses products like healthy foods and beverages, pricing to be competitive, locations in business parks, and promotions using discounts, loyalty programs, and digital/print advertising.
Sugar sweetened beverages (SSBs) were once seen as harmless indulgences, but are now falling from grace as ASEAN struggles with rising diabetes and obesity figures.
Read how sugar taxes in ASEAN markets are impacting CPG companies and what options exist to protect their bottom line.
This document discusses several socio-cultural factors that influence the business decisions of Alliance Marketing International, a newly established marketing company in Nepal. It describes how changing consumer preferences, demographics, cultural differences between ethnic groups, political instability, and religious practices impact the types of products the company imports and markets in Nepal. Specifically, it provides details on several products, like Napoli pasta and Malee Juice, that are tailored to local consumer preferences around sugar, vegetarianism, and language.
F A M I L Y D E C I S I S O N I N O R A L H Y G I N E P R O D U C T Finalrupakfeb7
The document discusses family roles in decision making for oral hygiene products. It outlines the oral hygiene market players and buying behaviors, including habitual, dissonance-reducing, and variety-seeking behaviors. The family decision making process is described involving need recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation. Husbands typically dominate decisions for certain products while wives dominate others, and some decisions are made jointly. Advertisements may target both parents and children for children's oral hygiene products.
This document discusses how two theories of consumer behavior - demographic and behavioral segmentation - apply differently in China compared to Australia, providing opportunities for an Australian exporter. Demographic segmentation looks at factors like age, income, gender. China has a growing elderly population, while Australia already has many elderly, indicating a market for age-appropriate products. Behavioral segmentation examines culture and lifestyles. Chinese consumers value functional features and status/prestige, while Australians are often brand loyal, especially for expensive purchases. These differences must be understood to successfully market in China versus Australia.
ENERG Juice Bar is launching a new line of fresh fruit juices containing added energy boosters and vitamins. The juices will be available on tap at their new outlet in Shapes Gym in Lahore, Pakistan. Their target customers include young people, athletes, professionals, and patients seeking healthy options to boost their energy levels. The juices will provide calories as well as support fitness and health goals. ENERG Juice Bar aims to fill a gap in the market by offering fresh energy juices not found in packaged formats from competitors.
The document discusses how the ASEAN Economic Community (AEC) in 2015 will connect countries in the ASEAN region, impacting markets through connections between institutions, infrastructure, and people. This will result in new diverse markets and "ASEAN diasporas" within countries. To understand evolving consumers, companies must examine similarities and differences in ethnicity, religion, language, and diets among ASEAN countries. New approaches are needed to study consumers as individuals and gain insights beyond demographics. This will help companies develop appropriate products for the various ASEAN sub-markets and new consumers.
The document outlines Team CrestMark's marketing plan for a new mango and mint juice called "Joosh" which includes sections on product overview, pricing and distribution strategies, product and communication strategies, segmentation and positioning, competitor analysis, and ATL/BTL communication approaches. The plan provides details on the product, target markets, pricing, distribution channels, promotion and advertising tactics to introduce the new juice product.
The document provides details on the marketing plan for a proposed new healthy food restaurant. It discusses the mission to exceed customer expectations through sensory experiences. It will target middle and upper middle class customers aged 16-40. The unique selling point is providing at least 35% lower calorie dishes without compromising taste. Advertising will be through colleges, gyms and organic vendors. The marketing mix discusses products like healthy foods and beverages, pricing to be competitive, locations in business parks, and promotions using discounts, loyalty programs, and digital/print advertising.
Sugar sweetened beverages (SSBs) were once seen as harmless indulgences, but are now falling from grace as ASEAN struggles with rising diabetes and obesity figures.
Read how sugar taxes in ASEAN markets are impacting CPG companies and what options exist to protect their bottom line.
This document discusses several socio-cultural factors that influence the business decisions of Alliance Marketing International, a newly established marketing company in Nepal. It describes how changing consumer preferences, demographics, cultural differences between ethnic groups, political instability, and religious practices impact the types of products the company imports and markets in Nepal. Specifically, it provides details on several products, like Napoli pasta and Malee Juice, that are tailored to local consumer preferences around sugar, vegetarianism, and language.
F A M I L Y D E C I S I S O N I N O R A L H Y G I N E P R O D U C T Finalrupakfeb7
The document discusses family roles in decision making for oral hygiene products. It outlines the oral hygiene market players and buying behaviors, including habitual, dissonance-reducing, and variety-seeking behaviors. The family decision making process is described involving need recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation. Husbands typically dominate decisions for certain products while wives dominate others, and some decisions are made jointly. Advertisements may target both parents and children for children's oral hygiene products.
This document discusses how two theories of consumer behavior - demographic and behavioral segmentation - apply differently in China compared to Australia, providing opportunities for an Australian exporter. Demographic segmentation looks at factors like age, income, gender. China has a growing elderly population, while Australia already has many elderly, indicating a market for age-appropriate products. Behavioral segmentation examines culture and lifestyles. Chinese consumers value functional features and status/prestige, while Australians are often brand loyal, especially for expensive purchases. These differences must be understood to successfully market in China versus Australia.
ENERG Juice Bar is launching a new line of fresh fruit juices containing added energy boosters and vitamins. The juices will be available on tap at their new outlet in Shapes Gym in Lahore, Pakistan. Their target customers include young people, athletes, professionals, and patients seeking healthy options to boost their energy levels. The juices will provide calories as well as support fitness and health goals. ENERG Juice Bar aims to fill a gap in the market by offering fresh energy juices not found in packaged formats from competitors.
The document discusses how the ASEAN Economic Community (AEC) in 2015 will connect countries in the ASEAN region, impacting markets through connections between institutions, infrastructure, and people. This will result in new diverse markets and "ASEAN diasporas" within countries. To understand evolving consumers, companies must examine similarities and differences in ethnicity, religion, language, and diets among ASEAN countries. New approaches are needed to study consumers as individuals and gain insights beyond demographics. This will help companies develop appropriate products for the various ASEAN sub-markets and new consumers.
The document outlines Team CrestMark's marketing plan for a new mango and mint juice called "Joosh" which includes sections on product overview, pricing and distribution strategies, product and communication strategies, segmentation and positioning, competitor analysis, and ATL/BTL communication approaches. The plan provides details on the product, target markets, pricing, distribution channels, promotion and advertising tactics to introduce the new juice product.
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.
If you want to start this year, but it is uncertain what kind of business will start, then there are some ideas in the new financial and credit survey guidelines - ensuring that you are not alone. According to US Small Business status until 2018, the main reason people start their own business.
[Kantar] Consumer insights asia Q1/2017Duy, Vo Hoang
Consumer spending in Asia started to recover in Q1 2017, with Taiwan seeing the strongest growth. Overall FMCG growth was moderate, with food and beverages slowing, while personal care posted stronger gains. By country, China's economy and consumer spending accelerated. Korean consumers sought value and larger sizes. Taiwanese FMCG rebounded from prior issues, while makeup and indulgence grew. Indian and Indonesian consumers favored natural products and self-care. Spending was cautious in Malaysia and Saudi Arabia. Vietnam and the Philippines showed ongoing resilience.
This document provides an analysis of Trader Joe's competitive strategy in the supermarket industry. It discusses how Trader Joe's achieves competitive advantages through various aspects of its business model, including maintaining low prices through private label products and bulk purchasing, keeping operations simple with few SKUs and small store formats, investing in employee training and benefits, and relying on word-of-mouth marketing rather than traditional advertising. The analysis examines Trader Joe's strategy using Porter's Five Forces and a value chain framework to illustrate how Trader Joe's unique approach has allowed it to carve out a profitable niche and maintain sustainability in the highly competitive grocery market.
Pfizer Study Tour Presentation - Steven Walden & Kalina JanevskaBeyond Philosophy
This document discusses customer experience and the experience economy. It provides examples of how different companies can stage experiences for their customers from undifferentiated commodities to differentiated experiences. These include examples for cakes, credit cards, healthcare, and libraries. It also discusses the importance of customer experience measurement and culture for driving change. Key takeaways are that themes alone do not differentiate companies and that the interpretation and follow through of themes is important. A case study shows how a slight shift in priorities at a grocery chain led to a major decline in customer experience and business.
The document discusses The ACME Agrovet & Beverages Ltd., a leading conglomerate in Bangladesh. It operates in several sectors including pharmaceuticals, FMCG, IT, and aviation. As part of an internship, the report aims to analyze the company's integrated marketing programs and their role in the FMCG sector. It outlines the company's history, operations, objectives of the study, and methodology which includes interviews and reviewing sales reports. Limitations include lack of prior research and limited access to information.
This document provides an overview and analysis of marketing and business decisions for a new mouthwash product launch by Lambert & Lawrence. It includes:
1) An agenda outlining topics like case overview, recommended decisions, financial analysis, and competitive analysis.
2) Recommendations for an initial prime marketing strategy, secondary prime marketing, standard initial selling, superior secondary selling, launching a naturals brand, premium pricing with $1 off coupons, product donations, and silver packaging.
3) Analyses of the recommended decisions including reasons for the naturals brand, premium pricing strategy, donations program, and silver packaging choice. Financial impacts and a SWOT analysis are also summarized.
the following presntation is made by Praveen Patel, Manoj Tiwari & Nishant Subba..... MBA student of Western International University india..
ppt is regarding how to launch any new product..
The document discusses the fruit beverage market in India and a company called Fruit Bar Inc. that aims to produce organic fruit juices. It provides details on the market size and growth, Fruit Bar's product offerings and target markets, and financial projections that estimate profits will increase from 11 lakhs in the first year to over 35 lakhs in the third year as sales grow.
The Main Factors Influencing Consumer Behavior towards Bershka Store in Kazak...Dr. Amarjeet Singh
The fashion industry has made a considerable growth
in the global market all over the world comparing to the rest
of market representatives. Many experienced entrepreneurs
strive to invest their money in this area of business because
they find it profitable to set up and develop in Asian and
Central Asian countries. However, many young companies
suffer from different problems while penetrating this type of
market and getting to the same level of success that fashion
giant companies achieved, the fashion industry is still expected
to be one of the fastest developing and competitive industries
in the world. The fashion market in Kazakhstan has made
several steps to improve the current situation in the local
market taking into account that giant companies such as Zara,
Bershka, H & M penetrated the Kazakh clothing market not a
long time ago and gained its success by paying attention to
some factors that have a significant impact on the consumer
attitude in Kazakhstan. This makes sense to study the main
aspects influencing on the behavior of customers in
Kazakhstan based on previous works which were made in this
particular field. Studying these factors might help to
understand the consumer behavior from it’s the most
important side of management.
Customer behavior is an activity that is directly
involved in the acquisition and consumption of goods and
services, including the decision processes that precede and
follow that activity. Understanding the factors that affect
consumers to make their purchases can help to improve the
current situation and make important steps to increase the
sales in the future.
Of the three major environments in a situation analysis (internal, customer, external), which do you think is the most important in a general sense? Why? What are some situations that would make one environment more important than others?
ASSIGNMENT: ORGANISATION AND BUSINESS MANAGEMENTRofidah Azman
Tesco is one of the largest food retailers in the world, operating in 12 countries with over 530,000 employees. The document discusses Tesco's external environment, including political, economic, social and technological factors that influence it. It also analyzes Tesco's industry using Porter's Five Forces model. The largest industry in the UK is food and drink retail, providing employment for over 4 million people. Tesco has grown significantly since being founded in 1919 and continues to expand its product offerings and services.
“SWIFT” is a soft drinks manufacturer company that heading into its fourth year of operation and produces mango juice, apple juice, blackberry juice, date juice etc. All of the items mentioned successfully running and continued to future profitability. To give them customer a new juice taste depending on marketing research information of the customer, we are going to launch a new favorite soft drink named “SWIFT Sugarcane Juice”.
Sample business plan assignment for students. Its is simple, yet professional, and students can use it as a guide. You can contact us for a custom business plan template for students.
Assignment 3 Long-Term Investment Decisions Due Week 9 and wort.docxsherni1
Assignment 3: Long-Term Investment Decisions
Due Week 9 and worth 300 points
Assume that the low-calorie microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions.
Use the Internet to research government policies and regulation.
Write a six to eight (6-8) page paper in which you:
1. Outline a plan that managers in the low-calorie microwaveable food company could follow when selecting pricing strategies for making their products as inelastic as possible. Provide a rationale for your response.
2. Examine the major effects that government policies have on production and employment. Predict the potential effects that government policies could have on your company.
3. Determine whether or not government regulation to ensure fairness in the low-calorie microwavable food industry is needed. Cite the major reasons for government involvement in a market economy. Provide two (2) examples of government involvement in a similar market economy to support your response.
4. Examine the major complexities that would arise under expansion via capital projects. Propose key actions that the company could take in order to prevent or address these complexities.
5. Suggest the substantive manner in which the company could create a convergence between the interests of stockholders and managers. Indicate the most likely impact to profitability of such a convergence. Provide two (2) examples of instances that support your response.
6. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Propose how differences in demand and elasticity lead managers to develop various pricing strategies.
• Analyze the economic impact of contracting, governance and organizational form within organizations.
• Use technology and information resources to research issues in managerial economics and globalization.
• Write clearly and concisely about managerial economics and globalization using proper writing mechanics
2
Running Head: Operations Decisions
Assignment 2: Operations Decisions
Toni Washington
Professor J. Elu
Econ 550
February 23, 2014
The Market Structure of the Low calorie Food Company
From the regression results in the previous assignment, it clearly shows that the product inelastic. Considering the elasticitie ...
Jump Start Health will be a mobile health food service that provides healthy smoothies and products. It will target young, health-conscious consumers in urban areas through marketing on its website and social media. One potential foreign market is Korea due to cultural similarities. The target market is females aged 16-30 who value convenience, quality, and price. Strengths include filling a niche with few competitors, while weaknesses are longer preparation times. Opportunities are potential growth as the area develops, while threats include lack of brand recognition. The market position will focus on quality, healthy products with good customer service at reasonable prices.
This document provides an overview of the food and beverages industry including trends, Porter's five forces analysis, and a PESTEL analysis. It discusses how the industry has grown due to liberalization of the economy and changing consumer preferences. The document analyzes competition in the industry, power of suppliers and buyers, potential for new entrants, and threats from substitutes. It also outlines various political, economic, social and technological factors impacting the industry like regulations, labor costs, health trends and dietary habits.
The document discusses plans to open a combined play and eat restaurant and daycare center called Play & Eat Restaurant in Ottawa, Canada. It aims to provide both childcare services and a cafe/restaurant space so that parents can relax while their children play. The author conducts an environmental scan analyzing competitive forces in the market, economic factors, social trends, technological considerations, and regulatory requirements that may impact the business. Key areas of focus include demographic trends supporting population and business growth, strategies for differentiating the concept from competitors, and implementing security and monitoring technologies like CCTV in the daycare space.
(iCHEFTeam A) (DeVry Inc. MGMT 600 November.docxjoyjonna282
(
iCHEF
Team A
) (
DeVry
Inc.
|
MGMT 600
|
November 24, 2015
)
Industry Review
iCHEF is a convenient service presented to our customer through a mobile APP. We offer an array of Appetizers, Entrees and Desserts. The industry we are embarking on is the Food Service and Catering industry.Examining the food service/ catering industry, we’ve learned that this industry is on the rise. It is an industry that is expected to expand over the next five years. This industry will continue to grow and define its niche by being innovative, offering international cuisines and beverages, and using sustainable locally sourced produce. The industry has received a boost from an improving economy, as consumer spending is expected to rise at an annualized rate of 2.6% during the five years to 2020. Households, which account for over 50.0% of industry demand, are expected to bolster their demand for catering services as consumer conditions improve. Unemployment is forecast to decline over the next five years, while disposable income is expected to moderately grow. As consumer conditions improve, time-poor consumers are also expected to prefer to use catering services, rather than attempt to do it themselves.
Over the next five years, consumers will continue to demand higher-quality food, better food presentation and a wider menu selection with healthier alternatives. Many customers will also begin to seek out caterers that use organic and locally sourced foods. Menus will need to more thoroughly describe items, by methods such as listing ingredients, where they came from and how they were prepared. These new demands may force some operators to increase their purchase expenses, or choose to vertically integrate by owning and operating their own farms. Consumers will also demand more value-added services, such as decorations, floral arrangements and entertainment. Overall, the number of industry enterprises is anticipated to increase 1.2% per year on average to 11,320 households and businesses.
Industry profitability is expected to strengthen and stable over the next five years in line with rising demands of the consumers. However, profit growth will be limited by strong internal and external competition and forecast rising purchasing costs. As competition rises, it will become even more important for operators to define their niche and find a way to differentiate themselves from competitors, whether through services offered or quality of service. Food costs are forecast to increase due to strong emerging market demand and volatile weather conditions. The trend towards serving more innovative, exotic food and using locally sourced and sustainable produce will also increase purchasing costs for caterers. Wage costs are also expected to increase by 2.0% per year on average over the next five years to reach $3.0 billion, as higher-paid chefs and consultants are brought on to provide more complex fare.
Looking ahead the food service/caterers industry is in the mat ...
The food service industry has changed irrevocably this year. Between a global pandemic forcing so many restaurants to close forever and Generation Z entering adulthood in quarantine, the market has adapted to the new normal and businesses need to pivot accordingly to stay relevant in consumers’ minds.
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.
If you want to start this year, but it is uncertain what kind of business will start, then there are some ideas in the new financial and credit survey guidelines - ensuring that you are not alone. According to US Small Business status until 2018, the main reason people start their own business.
[Kantar] Consumer insights asia Q1/2017Duy, Vo Hoang
Consumer spending in Asia started to recover in Q1 2017, with Taiwan seeing the strongest growth. Overall FMCG growth was moderate, with food and beverages slowing, while personal care posted stronger gains. By country, China's economy and consumer spending accelerated. Korean consumers sought value and larger sizes. Taiwanese FMCG rebounded from prior issues, while makeup and indulgence grew. Indian and Indonesian consumers favored natural products and self-care. Spending was cautious in Malaysia and Saudi Arabia. Vietnam and the Philippines showed ongoing resilience.
This document provides an analysis of Trader Joe's competitive strategy in the supermarket industry. It discusses how Trader Joe's achieves competitive advantages through various aspects of its business model, including maintaining low prices through private label products and bulk purchasing, keeping operations simple with few SKUs and small store formats, investing in employee training and benefits, and relying on word-of-mouth marketing rather than traditional advertising. The analysis examines Trader Joe's strategy using Porter's Five Forces and a value chain framework to illustrate how Trader Joe's unique approach has allowed it to carve out a profitable niche and maintain sustainability in the highly competitive grocery market.
Pfizer Study Tour Presentation - Steven Walden & Kalina JanevskaBeyond Philosophy
This document discusses customer experience and the experience economy. It provides examples of how different companies can stage experiences for their customers from undifferentiated commodities to differentiated experiences. These include examples for cakes, credit cards, healthcare, and libraries. It also discusses the importance of customer experience measurement and culture for driving change. Key takeaways are that themes alone do not differentiate companies and that the interpretation and follow through of themes is important. A case study shows how a slight shift in priorities at a grocery chain led to a major decline in customer experience and business.
The document discusses The ACME Agrovet & Beverages Ltd., a leading conglomerate in Bangladesh. It operates in several sectors including pharmaceuticals, FMCG, IT, and aviation. As part of an internship, the report aims to analyze the company's integrated marketing programs and their role in the FMCG sector. It outlines the company's history, operations, objectives of the study, and methodology which includes interviews and reviewing sales reports. Limitations include lack of prior research and limited access to information.
This document provides an overview and analysis of marketing and business decisions for a new mouthwash product launch by Lambert & Lawrence. It includes:
1) An agenda outlining topics like case overview, recommended decisions, financial analysis, and competitive analysis.
2) Recommendations for an initial prime marketing strategy, secondary prime marketing, standard initial selling, superior secondary selling, launching a naturals brand, premium pricing with $1 off coupons, product donations, and silver packaging.
3) Analyses of the recommended decisions including reasons for the naturals brand, premium pricing strategy, donations program, and silver packaging choice. Financial impacts and a SWOT analysis are also summarized.
the following presntation is made by Praveen Patel, Manoj Tiwari & Nishant Subba..... MBA student of Western International University india..
ppt is regarding how to launch any new product..
The document discusses the fruit beverage market in India and a company called Fruit Bar Inc. that aims to produce organic fruit juices. It provides details on the market size and growth, Fruit Bar's product offerings and target markets, and financial projections that estimate profits will increase from 11 lakhs in the first year to over 35 lakhs in the third year as sales grow.
The Main Factors Influencing Consumer Behavior towards Bershka Store in Kazak...Dr. Amarjeet Singh
The fashion industry has made a considerable growth
in the global market all over the world comparing to the rest
of market representatives. Many experienced entrepreneurs
strive to invest their money in this area of business because
they find it profitable to set up and develop in Asian and
Central Asian countries. However, many young companies
suffer from different problems while penetrating this type of
market and getting to the same level of success that fashion
giant companies achieved, the fashion industry is still expected
to be one of the fastest developing and competitive industries
in the world. The fashion market in Kazakhstan has made
several steps to improve the current situation in the local
market taking into account that giant companies such as Zara,
Bershka, H & M penetrated the Kazakh clothing market not a
long time ago and gained its success by paying attention to
some factors that have a significant impact on the consumer
attitude in Kazakhstan. This makes sense to study the main
aspects influencing on the behavior of customers in
Kazakhstan based on previous works which were made in this
particular field. Studying these factors might help to
understand the consumer behavior from it’s the most
important side of management.
Customer behavior is an activity that is directly
involved in the acquisition and consumption of goods and
services, including the decision processes that precede and
follow that activity. Understanding the factors that affect
consumers to make their purchases can help to improve the
current situation and make important steps to increase the
sales in the future.
Of the three major environments in a situation analysis (internal, customer, external), which do you think is the most important in a general sense? Why? What are some situations that would make one environment more important than others?
ASSIGNMENT: ORGANISATION AND BUSINESS MANAGEMENTRofidah Azman
Tesco is one of the largest food retailers in the world, operating in 12 countries with over 530,000 employees. The document discusses Tesco's external environment, including political, economic, social and technological factors that influence it. It also analyzes Tesco's industry using Porter's Five Forces model. The largest industry in the UK is food and drink retail, providing employment for over 4 million people. Tesco has grown significantly since being founded in 1919 and continues to expand its product offerings and services.
“SWIFT” is a soft drinks manufacturer company that heading into its fourth year of operation and produces mango juice, apple juice, blackberry juice, date juice etc. All of the items mentioned successfully running and continued to future profitability. To give them customer a new juice taste depending on marketing research information of the customer, we are going to launch a new favorite soft drink named “SWIFT Sugarcane Juice”.
Sample business plan assignment for students. Its is simple, yet professional, and students can use it as a guide. You can contact us for a custom business plan template for students.
Assignment 3 Long-Term Investment Decisions Due Week 9 and wort.docxsherni1
Assignment 3: Long-Term Investment Decisions
Due Week 9 and worth 300 points
Assume that the low-calorie microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions.
Use the Internet to research government policies and regulation.
Write a six to eight (6-8) page paper in which you:
1. Outline a plan that managers in the low-calorie microwaveable food company could follow when selecting pricing strategies for making their products as inelastic as possible. Provide a rationale for your response.
2. Examine the major effects that government policies have on production and employment. Predict the potential effects that government policies could have on your company.
3. Determine whether or not government regulation to ensure fairness in the low-calorie microwavable food industry is needed. Cite the major reasons for government involvement in a market economy. Provide two (2) examples of government involvement in a similar market economy to support your response.
4. Examine the major complexities that would arise under expansion via capital projects. Propose key actions that the company could take in order to prevent or address these complexities.
5. Suggest the substantive manner in which the company could create a convergence between the interests of stockholders and managers. Indicate the most likely impact to profitability of such a convergence. Provide two (2) examples of instances that support your response.
6. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Propose how differences in demand and elasticity lead managers to develop various pricing strategies.
• Analyze the economic impact of contracting, governance and organizational form within organizations.
• Use technology and information resources to research issues in managerial economics and globalization.
• Write clearly and concisely about managerial economics and globalization using proper writing mechanics
2
Running Head: Operations Decisions
Assignment 2: Operations Decisions
Toni Washington
Professor J. Elu
Econ 550
February 23, 2014
The Market Structure of the Low calorie Food Company
From the regression results in the previous assignment, it clearly shows that the product inelastic. Considering the elasticitie ...
Jump Start Health will be a mobile health food service that provides healthy smoothies and products. It will target young, health-conscious consumers in urban areas through marketing on its website and social media. One potential foreign market is Korea due to cultural similarities. The target market is females aged 16-30 who value convenience, quality, and price. Strengths include filling a niche with few competitors, while weaknesses are longer preparation times. Opportunities are potential growth as the area develops, while threats include lack of brand recognition. The market position will focus on quality, healthy products with good customer service at reasonable prices.
This document provides an overview of the food and beverages industry including trends, Porter's five forces analysis, and a PESTEL analysis. It discusses how the industry has grown due to liberalization of the economy and changing consumer preferences. The document analyzes competition in the industry, power of suppliers and buyers, potential for new entrants, and threats from substitutes. It also outlines various political, economic, social and technological factors impacting the industry like regulations, labor costs, health trends and dietary habits.
The document discusses plans to open a combined play and eat restaurant and daycare center called Play & Eat Restaurant in Ottawa, Canada. It aims to provide both childcare services and a cafe/restaurant space so that parents can relax while their children play. The author conducts an environmental scan analyzing competitive forces in the market, economic factors, social trends, technological considerations, and regulatory requirements that may impact the business. Key areas of focus include demographic trends supporting population and business growth, strategies for differentiating the concept from competitors, and implementing security and monitoring technologies like CCTV in the daycare space.
(iCHEFTeam A) (DeVry Inc. MGMT 600 November.docxjoyjonna282
(
iCHEF
Team A
) (
DeVry
Inc.
|
MGMT 600
|
November 24, 2015
)
Industry Review
iCHEF is a convenient service presented to our customer through a mobile APP. We offer an array of Appetizers, Entrees and Desserts. The industry we are embarking on is the Food Service and Catering industry.Examining the food service/ catering industry, we’ve learned that this industry is on the rise. It is an industry that is expected to expand over the next five years. This industry will continue to grow and define its niche by being innovative, offering international cuisines and beverages, and using sustainable locally sourced produce. The industry has received a boost from an improving economy, as consumer spending is expected to rise at an annualized rate of 2.6% during the five years to 2020. Households, which account for over 50.0% of industry demand, are expected to bolster their demand for catering services as consumer conditions improve. Unemployment is forecast to decline over the next five years, while disposable income is expected to moderately grow. As consumer conditions improve, time-poor consumers are also expected to prefer to use catering services, rather than attempt to do it themselves.
Over the next five years, consumers will continue to demand higher-quality food, better food presentation and a wider menu selection with healthier alternatives. Many customers will also begin to seek out caterers that use organic and locally sourced foods. Menus will need to more thoroughly describe items, by methods such as listing ingredients, where they came from and how they were prepared. These new demands may force some operators to increase their purchase expenses, or choose to vertically integrate by owning and operating their own farms. Consumers will also demand more value-added services, such as decorations, floral arrangements and entertainment. Overall, the number of industry enterprises is anticipated to increase 1.2% per year on average to 11,320 households and businesses.
Industry profitability is expected to strengthen and stable over the next five years in line with rising demands of the consumers. However, profit growth will be limited by strong internal and external competition and forecast rising purchasing costs. As competition rises, it will become even more important for operators to define their niche and find a way to differentiate themselves from competitors, whether through services offered or quality of service. Food costs are forecast to increase due to strong emerging market demand and volatile weather conditions. The trend towards serving more innovative, exotic food and using locally sourced and sustainable produce will also increase purchasing costs for caterers. Wage costs are also expected to increase by 2.0% per year on average over the next five years to reach $3.0 billion, as higher-paid chefs and consultants are brought on to provide more complex fare.
Looking ahead the food service/caterers industry is in the mat ...
The food service industry has changed irrevocably this year. Between a global pandemic forcing so many restaurants to close forever and Generation Z entering adulthood in quarantine, the market has adapted to the new normal and businesses need to pivot accordingly to stay relevant in consumers’ minds.
I. Introduction
Define ethics, ethics in business and the important of ethics in business context
II. Background of the business
Introduce to McDonald’s
III. Case Outline
The case of unhealthy ingredients
IV. Stakeholder (Direct and indirect)
The people affected by the issue directly and indirectly
V. Key Ethical Issue
Consequences from this issue
VI. Ethical Analysis
Ethical analysis on alternative reasons behind the occurrence of the issue
VII. Recommendation
Our comments and suggestions to McDonald’s , the US government and consumers
A local business owner in Oxford Mississippi, Good Nutrition manager, Ms. Cynthia Bolden, asked for ideas to make her business prosper further in the Lafayette county community. Good Nutrition is an all natural supplement store and distributor of Nature's Sunshine products.
Running head BUSSINESS PLAN DRAFT1BUSSINESS PLAN2Bu.docxsusanschei
Running head: BUSSINESS PLAN DRAFT
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BUSSINESS PLAN
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Business Plan Draft
BUS 599
Avery Clementin
Dr. Daniel Goldsmith
November 29, 2016
TABLE OF CONTENTS
COMPANY DESCRIPTION AND SWOT ANALYSIS 3
COMPANY NAME AND SIGNIFICANCE 3
WEFIT’S COMPANY MISSION STATEMENT 3
TRENDS IN THE NON-ALCOHOLIC BEVERAGE INDUSTRY 3
WEFIT’S STRATEGIC POSITION 4
OVERVIEW OF WEFIT’S DISTRIBUTION CHANNELS 5
RISK ANALYSIS OF WEFIT COMPANY 5
SWOT ANALYSIS 6
MARKETING PLAN AND SALES STRATEGY 6
SALES STRATEGY 7
COMPANY’S TARGET MARKET 8
ANALYZE THE TYPES OF CONSUMERS 8
COMPANY’S MARKET COMPETITION 10
COMPETITION FACTORS 11
JUSTIFICATION OF COMPANY STRATEGY 11
WEFIT DIET DRINK FIVE FS 12
ETHICS AND SOCIAL RESPONSIBILITY 13
COMMITMENT OF THE COMPANY 13
EFFECTS OF WEFIT ACTIVITIES ON THE ENVIRONMENT AND HOW TO MITIGATE THEM 13
CHOICE OF PACKAGING 13
DISPOSAL OF BOTTLES 14
HEALTH ISSUES 14
COMPANY’S PLAN TO REACH THE APPROPRIATE MARKET 15
BUSINESS PLAN FINANCIALS 15
STRATEGIC FINANCIAL PLANNING TECHNIQUES 15
BUDGETING 16
PRICING ANALYSIS 16
EVALUATING COSTS 16
CASH FLOW MANAGEMENT 17
PERFORMANCE ANALYSIS 17
REFERENCES 18
Company Description and SWOT Analysis
Company Name and Significance
The name of my Non- alcoholic beverage (NAB) company is WeFit Diet Drinks. This company deals with the production and the manufacturing of the non-alcoholic beverages that have zero calories content. The significance of this beverage is to provide soft drinks to the people who enjoy the various tastes of different sodas, but they are no longer willing to indulge in drinks that have the calories as a measure of ensuring a healthy lifestyle. This company will provide drinks with different flavors just like the other sodas. These drinks will aid in meeting the needs of the people who have decided to adopt healthy lifestyles such as avoiding the high-calorie content drinks.
WeFit’s Company Mission Statement
The mission statement of the WeFit Diet Drinks is to ensure the provision of sophisticated and inviting diet soft drinks that do not mislay the authenticity of the people health habits. As a company, we are committed to ensuring that we meet the various needs of our customers through the provision of high-quality products, to ensure that they are satisfied and also provide a high level of professionalism. In addition to this, we are also aiming at making a difference and ensuring the creation of value as a company.
Trends in the Non-Alcoholic Beverage Industry
One of the trends in the non-alcoholic beverage industry is that there is a revolution whereby the sugary drinks and juices sales are likely to slip. This is a result of the increasing need for the development of new and healthy beverages and other brands that are much healthier than the prevailing ones. In the developed countries, many people have become more sensitive to health ...
This letter from Team 8 transmits their analysis of the supermarket and grocery retailing industry to various managing partners at Copeland Associates, describing their examination of the overall industry, Whole Foods Market, and The Fresh Market, concluding that Whole Foods is currently better positioned for sustainable growth based on an evaluation against key success factors.
Running Head:SWOT ANALYSIS
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NETFLIX
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SWOT ANALYSIS 16
SWOT Analysis
Week 3 / BUS 475
12 Mar 17
Business Division/sector: Grocery
Business Model: Sales and Services.
EXTERNAL FORCES
STRENGTHS
WEAKNESS
OPPORTUNITY
THREAT
TREND
Legal and Regulatory
Legal and Regulatory Most of the trade policies in the grocery division favor its markets. Taxes on the products are low which helps in the process of maximizing profits
Road systems which require inspection of goods create delays in the delivery process. This contributes to the rise in customer complaints.
Trade policies in support of globalization have helped in creating new international markets. These markets open an opportunity for grocery business to expand internationally.
The GMO groceries are becoming popular and are creating a very stiff competition in the domestic market.
The GMO groceries like the tomatoes are a new trend. Grocery firms are still analyzing on whether to embrace them or continue relying on the naturally grown products.
Global
The grocery division are capable of exercising control over its market due to diverseness. The division specializes in various foods such as vegetables, meat, and bakeries.
Competition has stiffened due to global as many large international companies are expanding geographically.
Due to global, small enterprises are slowly being eliminated from the market. This creates an opportunity for the big groceries to secure their customers and increase these clients to their list.
Major trends include the product curation by consumers, shopping done by the client across multiple channels and the private labeling of groceries is gaining popularity.
Economic
Economic Since economics deals with how the market works, grocery divisions can come up with strategies that can help them improve on their customer relation which will be vital in improving sales.
Economics has made the grocery sector to be very competitive forcing supermarkets to be oligopolistic. This forces the grocery business which wants to stay in the competition to come up with new strategies so that they can improve on their operation strategies.
The groceries retail stores and supermarket have the ability to fine tune their expansion plans due to economics. Competition has resulted in the grocery sector to becoming innovative. Most of the product are packed in a way that they can now be internationally moved without them getting spoilt.
The global economy has affected the retail strategies due to the introduction of discounted items which were never discounted. Economy recessions have slowed down the process plans which has been helpful in maintaining the quality of grocery products. Segmentation and premium extensions are some of the examples which slow down quality improvement methods
The trend in economics is how the number of supermarkets and gro.
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.
Foodservice Sector: A Catalyst for Innovation ——Marie-Pierre Membrives, Foods...Simba Events
This document discusses opportunities for innovation in the foodservice sector. It notes that foodservice encompasses a wide range of establishments from street vendors to high-end hotels. The foodservice industry is changing as different categories adapt to new trends, requiring constant innovation. Some key factors that can help foodservice businesses improve competitive advantage include focusing on food quality, developing a clear business identity, and maintaining a clean and attractive environment. The document also examines trends in the Chinese foodservice market and opportunities to better meet consumer demands around food safety, customization, and health. Overall, it argues that digitization, changing consumer preferences, and a focus on sustainability present many possibilities for innovative new approaches in foodservice.
Marketing Principles involves several types of strategies, tools and methods which help the company to organize their marketing activities in more effective and efficient way. Sample Report on Marketing Principle.
Whole Foods has experienced success over the past decade by establishing itself as the leader in the natural and organic food retailing industry. They currently operate 414 stores across North America and the UK. Their mission and strategies focus on profitability, community involvement, and an organizational philosophy of societal marketing. While demand for natural and organic products has increased industry growth, Whole Foods remains well positioned due to their reputation and loyal customer base. Their marketing objectives center on retaining customer loyalty by providing valuable healthy products and experiences.
This document discusses marketing nutrition programs and the role of the food industry in food choice. It provides an interview with the head nutritionist at Princess Basma Teaching Hospital in Jordan. The nutritionist discusses the benefits of developing marketing plans for nutrition programs, important factors to consider in marketing plans like targeting specific audiences, and the need to evaluate plans on an ongoing basis. The nutritionist also comments on the impact of food advertising, the role of media in childhood obesity, the responsibilities of nutritionists regarding product labels, and how government policies and regulations can positively or negatively impact population nutrition and health.
A PESTLE analysis is a framework that analyzes the macroenvironmental factors in the political, economic, sociocultural, technological, legal, and environmental domains that may affect an organization. It is used to identify threats and weaknesses which then feed into a SWOT analysis. The six factors - political, economic, sociocultural, technological, legal, and environmental - make up the PESTLE acronym and each category contains examples of factors that should be analyzed.
The document summarizes a thesis titled "The influence of hurdles and benefits on the diffusion of online grocery shopping." It discusses key factors that influence consumers' adoption of online grocery shopping. The thesis concludes that hurdles to online grocery shopping have a higher impact on resistance than benefits have on increasing adoption. It identifies three consumer segments with different preferences regarding price benefits, quality/delivery options, and time savings. The thesis recommends food retailers understand consumers at each stage of adoption and address the most important hurdles of delivery options, fees, and quality to drive increased usage of online grocery shopping.
DEMOCRACY IN PAKISTAN BALANCING HOPES AND OVERCOMING HURDLES.pptxZiyad Zaidi
The document discusses the evolution and current state of democracy in Pakistan. It covers Pakistan's history of military rule and political instability. It also examines the country's constitutional framework and the roles of citizens, political parties, and civil society in shaping democracy. Challenges to Pakistan's democracy are discussed, including corruption, electoral issues, and regional disparities. The roles of media, women's participation, youth engagement, and international relations are also addressed in relation to democracy in Pakistan.
Monetary policy involves central banks manipulating money supply and interest rates to influence economic activity and achieve goals like full employment and stable prices. Tools include open market operations, reserve requirements, and discount rates. Monetary policy can be expansionary, increasing money supply to boost economy, or contractionary, decreasing money supply to curb inflation. The document discusses monetary policy mechanisms, types of policies, transmission mechanisms, side effects, factors influencing inflation in Pakistan, and the IMF's impact on Pakistan's monetary policies. It also outlines some advantages of monetary policy.
Project Cost and Scheduling Management.pptxZiyad Zaidi
This document outlines the phases and quality standards for a home renovation project, including defining objectives, developing design plans, procuring materials, construction, electrical and plumbing work, interior decorating, quality checks, and project closure. It discusses the importance of projects from an organizational perspective in building reputation and expertise. Cost management, staff management, and stock management are identified as key risks to the project. The document emphasizes maintaining high standards of workmanship, using quality materials and finishes, and assigning a dedicated project manager.
Project procurement Management final report.docxZiyad Zaidi
this is a report on Project procurement of management Saudi Pan Kingdom Company Procurement-plan (Final Project). its is a plan of Saudi Pan Kingdom Company Procurement-plan (Final Project)
Agriautos Industries Ltd is a Pakistani company that manufactures and sells auto parts including shock absorbers. It has implemented SAP R/3 ECC 6.0 to automate its business processes and gain industry-specific best practices and better controls. The ERP implementation aims to improve operational efficiency, streamline processes, enhance data management and customer service. Challenges include change management, data migration and customization but the system is expected to provide improved efficiency, data accuracy, inventory management and financial controls.
PMP Presentation of Failed project of HAL HF-24 Marut.pptZiyad Zaidi
The HAL HF-24 Marut was India's first indigenous fighter jet, developed in the 1960s. It had design flaws that limited its performance and was not thoroughly tested before deployment. While pioneering for India's aviation industry, the Marut program ultimately failed due to technical issues, inadequate testing, and lack of funding. However, it provided valuable lessons that informed future aircraft development in India.
PMP Presentation of Failed project of HAL HF-24 Marut.docxZiyad Zaidi
The HAL HF-24 Marut was India's first domestically designed and produced fighter aircraft. Developed in the 1960s by Hindustan Aeronautics Limited with German designer Kurt Tank, the Marut had a small swept wing and was highly maneuverable but had limited combat capabilities due to its low-powered engines. A total of 147 Maruts were produced for the Indian Air Force, serving as both an interceptor and ground attack aircraft until being phased out in the 1980s due to its inability to reach supersonic speeds as originally intended.
Vertex Engineering is presenting their quality management plan for a construction project in Bahria Town, Karachi. The plan outlines their quality objectives, which include verifying control testing, monitoring design and progress, checking dimensions, and inspecting materials. It describes the quality management process, which involves reviewing drawings and maintaining schedule and budget compliance. Key roles and responsibilities are defined, along with the tools and techniques that will be used, such as audits, checklists, and reports. Field inspections, material testing procedures, and quality reports are also covered.
Project Quality Management Final Report.docxZiyad Zaidi
The document outlines a quality management plan for a construction project. It discusses:
- The roles and responsibilities for quality management, including a quality control manager who will oversee inspections and testing.
- A quality management process involving defining requirements, assurance, control, deliverables acceptance, and final acceptance.
- Tools and techniques used for quality planning, assurance, and control such as audits, reviews, and checklists.
- Key quality assurance activities like reviewing plans, inspecting materials, and monitoring subcontractor work.
The quality control manager will implement the plan, documenting inspections and tests, to help ensure the project meets specifications.
This document establishes the Quality Management Plan for the construction of the new Abbotsford Hospital and Cancer Centre in Abbotsford, BC. The plan defines quality management objectives, processes, roles and responsibilities to ensure a uniform high quality of workmanship throughout all phases of construction. Key aspects of the quality management process include defining quality characteristics, performing quality assurance activities, using tools and techniques such as cost-benefit analysis and statistical sampling, conducting quality reviews, and maintaining quality records. The quality control manager is responsible for ensuring all materials and work comply with contract specifications.
This document discusses project governance and organizational project management (OPM) governance. It defines governance and OPM governance, which includes the policies, procedures, and systems through which organizational leadership directs, defines, authorizes, and supports the alignment of strategy and organizational goals for projects. The document also outlines the key domains of OPM governance: risk, alignment, performance, and communication. It provides examples of activities within each domain to implement effective OPM governance.
Project governance is defined as the set of rules, procedures and policies that determine how projects are managed and overseen. It defines how decisions are made during projects and determines the metrics by which project success is measured. Project governance provides the management framework for project decision making and is critical because it lays out the accountabilities and responsibilities associated with projects, unlike organizational governance arrangements. There are different levels of governance including organizational, project, program, portfolio, and others.
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Presentation looks at the role , relevance and importance of built and natural heritage, issues faced by heritage in the Indian context and options which can be leveraged to preserve and conserve the heritage.It also lists the challenges faced by the heritage due to rapid urbanisation, land speculation and commercialisation in the urban areas. In addition, ppt lays down the roadmap for the preservation, conservation and making value addition to the available heritage by making it integral part of the planning , designing and management of the human settlements.
NANOTECHNOLOGY IN FOOD PACKAGING (FOOD TECHNOLOGY)
Final project
1. MARKETING MANAGEMENT
GROUP PROJECT REPORT
Group Members :
SYED ZIYAD BIN HASAN (11091)
La' Giardino Restaurant:
Economy:
During an economic recession, limited-service restaurant sales might increase since consumers
opt to use relatively inexpensive dining options such as fast-food while full-service restaurant
sales are more likely to plunge due to high menu prices. Market share: full-service versus
limited-service restaurant sales the economy still plays a major role in industry trends, as
wholesale food costs rise and employment stabilizes. ... With hot button issues like health care
and minimum wage affecting labor costs, this is also impacting the need for restaurant
operations to be more efficient.
Our business economy is growing over time so we are a responsible organization so we
Lawsand Regulations:
2. Rules can be described as the guidelines or instructions for doing something correctly. these are
the principles that govern the conduct or behavior of a person in an organization or country. On
the other hand, regulations refer to the directives or statutes enforced by law, in a particular
country. Restaurants and quick-serve restaurant franchises can find it challenging to stay
compliant with the many regulations that apply to the foodservice industry. Violations can be
costly and dangerous – many regulations for the foodservice industry carry significant fines for
non-compliance, and failing to follow proper procedures in a restaurant can lead to illness or
injury. Managers and owners who do not stay current with laws that apply to their restaurants
can put themselves, their staff, and their customers at risk.
Costs:
Cost inflation:
Food-at-home prices are up just 0.4% annually, while restaurant prices are up 2.6%, a gap of
2.2 percentage points. The inflation gap has been there for three years now and partially explains
why consumers have been eating out less. It's easy to cut out restaurants when budgets get tight.
Cost of restaurant supplies/food
A profitable restaurant typically generates a 28%-35% food cost. Coupled with labor costs,
these expenses consume 50%-75% of total sales. Because of the impact food cost makes on an
operation, food cost is one of the first things we examine at a troubled property.
Competition(increasing/decreasing)
n fact, as a general rule, the higher the level of competition, the more demand there is for the
product or service that has inspired that high level of competition. ... Before you can develop a
winning competitive strategy, you need to understand the market forces that affect competition.
At what stage in the product life cycle would you consider themed restaurants?
Explainwhy.
Like any other product, your restaurant concept also has a life cycle. In this article, we will
help you understand your restaurant's life cycle dynamics and prepare you for managing
each phase as you move your concept along in the marketplace.
When first planning to open your restaurant, your goal is to get open, your strategy is to get
open and all support tactics involve getting open. On one hand, you can't wait to hear the
register start ringing. On the other, you just know that you're going to forget something.
All in all, it's hard to think past opening day -- until after opening day. Then your goal is to
do a better job tomorrow. Your strategy is to learn from your opening-day mistakes. But
3. there is no time to plan any corrective tactics. You close the front door at 11 p.m., get
home around 1 a.m., and open the back door maybe seven hours later, often sleep-deprived.
You've likely been warned of the reactive life of a restaurateur, constantly caught up in
managing the business for today with no time to get ahead of the learning curve. There is,
however, a way to be a proactive restaurateur.
Technology:
technology has always had a strong, positive impact on the restaurant industry. The
combination just makes sense. Restaurants want to deliver a flawless, convenient, and
enjoyable experience to their customers. Technology offers a means to speed up processes and
improve the customer experience.
Social factors/changes
There is no doubt that society is continually changing. The tastes and fashions are a great
example of this change. One of the most significant differences is the growing popularity of
social media. Social networking sites like Facebook have become very popular among younger
people. The young consumers have grown used to mobile phones and computers.
The younger generation prefers to use digital technology to shop online. Older people will
perhaps stick to their traditional methods. The effect of changing society is often discussed. You
must also understand that these changing factors have a toll on businesses too. Changes in social
factors can impact a firm in many different ways.
Companies often focus on these changes in depth. To do so, they employ environmental analysis
such as PEST analysis. STEP is a variation of PEST. Extended versions include PESTLE,
STEEP, and STEEPLE analysis. The “S” in all these analyses indicates social or socio-cultural
factors. Other factors you should assess are political, economic, technological, environmental,
ethical, and legal.
Businesses choose an environmental analysis depending on the nature of operations. However,
all of them study the social factors.
In the social step for these analyses, you have to look carefully at the social changes. You will
also have to look into the cultural changes which take place in your business environment.
Market research is a critical part of this step. It is vital to see the trends and patterns of society.
4. To understand the impacts better, you might need to study the factors in detail. Most companies
analyze population growth and age structure. They also show interest in consumer attitudes and
lifestyle changes. Your analysis can show if there are faults in your marketing strategy. It can
also help find new ideas.
Below is a list of social factors which impact customer needs and the size of markets:
Lifestyles
Buying habits
Education level
Emphasis on safety
Religion and beliefs
Health consciousness
Sex distribution
Average disposable income level
Social classes
Family size and structure
Minorities
Attitudes toward saving and investing
Attitudes toward green or ecological products
Attitudes toward renewable energy
Population growth rate
Immigration and emigration rates
Age distribution and life expectancy rates
Attitudes toward imported products and services
Attitudes toward work, career, leisure, and retirement
Attitudes toward customer service and product quality
5. The social aspect focuses on the forces within society. Family, friends, colleagues, neighbors,
and the media are social factors. These factors can affect our attitudes, opinions, and interests. So,
it can impact the sales of products and revenues earned.
The social factors shape who we are as people. It affects how we behave and what we buy. A
good example is how people’s attitude towards diet and health is changing in the UK. Because of
this, UK businesses are seeing some changes. More people are joining fitness clubs. There is also
a massive growth in demand for organic food.
Products often take advantage of social factors. The WiiFit, for instance, attempt to deal with
society’s concern about children’s lack of exercise.
Population changes are also directly affecting organizations. The supply and demand of goods
and services in an economy can change with the structure of the population. The decline in birth
rates means demand will decrease. It also indicates greater competition as the total consumers
fall.
World food shortage predictions can lead to call for more investment in food production. An
increase in the world’s population can have the same effect. African countries like Uganda are
facing a food shortage. They are reconsidering the rejection of genetically modified foods now.
Mission Statement:
Our main focus is on our mission statement which is “Keep it Fresh and Unique”
We provide fresh, healthy, nutritious, and great tasting food at reasonable prices in a clean,
friendly, and convenient environment. This aim makes us different from others.
SWOT
Strengths:
Financial strong
Food quality
Innovative foods & fresh
Marketing & customer engagement
6. Weaknesses
calorie-heavy menu
dissatisfied franchisees.
Opportunities
innovative & healthier menu
expansion in the Asian market
partnership with another brand
market opportunities born of changing customer demographics.
Threats:
Intensify competition
Poor economic situation globally
Strength dollar
Brand Ambassador:
Our brand ambassador is “Shah Rukh Khan”. Because Shah Rukh is the most celebrity in Asia.
Our restaurant's main focus is to expand all over Asia and became a leading brand in the food
industry so the shah rukh is most beneficial for our business.
CompetitiveStrategy:
We are is one of the best firms that is which we launch in the fast-food industry. We are
successful through a reasonable price of food. Because we offered nutritional value while raising
awareness about health. Additionally, it has expanded into different markets through the use of
innovative and creative strategies. Our aim of the organization is to expand rapidly in
international markets while we offering quality food at affordable rates.
Marketing Goals:
The aims and objectives of La Gardino are not only to sell the food also to make money and
make a profit, but they are also to expand as a business whether that’s to be an aisa wide business
or just to open up a few more restaurants around the country to provide a better and faster service
for the customer, to beat competitors.
7. TargetMarket:
Type of
segmentation
Segmentation
criteria
target segment
Geographic
Region Domestic/international
Density Urban/rural
Demographic
Age 8 – 65
Gender Males & Females
Life-cycle stage Bachelor Stage: young, single people not living at home
Newly Married Couples: young, no children
Full Nest II: youngest child six or over
Income Low and middle
Occupation Students, employees, professionals
Behavioral Degree of
loyalty
‘Hardcore loyal’ and ‘Switchers’
Benefits sought Cost benefits, time efficiency
Personality Easygoing & careless
User status Potential and regular fast food eaters
Psychographic Social class Lower, working, and middle classes
Lifestyle our targets Resigned, Struggler and Mainstreamer individuals
according to Cross-Cultural Consumer Characterization
developed by Young & Rubican
Marketing Mix Descriptions:
Visual Merchandising:
8. Visual merchandising is multi-dimensional and hoteliers can choose from various ideas
when designing displays. Most noticeably, merchandising is no longer considered an
afterthought, it has emerged as something that restaurant and foodservice owners now
consider a must – something as important as the kitchen design and the menu.
Color Is King:
We use color because is powerful; it can either make or break the store’s visual displays.
Our hotel or the foodservice joint might have an erratic display but if the colors
coordinate well, the display can still work well together. Consider using contrasting
colors or monochromatic colors for creating intriguing and eye-catching displays for our
business.
Use Menu as a Power Tool:
we also use the menu because it is the greatest marketing tool and should be used
beyond simply listing the dishes and their prices. The average customer will spend
around three minutes looking at the menu, so it needs to attract them to not only order
the most profitable items but want to order more than just one. The menu should be
designed in such a way that it entices the customers to come back to try other dishes.
Price:
Our price is reasonable because we target segment is to target all classes
Place:
The place of our franchises and stores is near to parks or amusement parks, at food streets and
also sell on online e-stores like food panda or ueat, and also sell son our digital channel.
Promotion:
We promote our restraints on social media and through banks and also higher the high-level
production agencies.
Product:
Our product is eatable so our product mix is shown as:
Part 8
9. RestaurantName:La' Giardino
Slogan:Food Full Of Mood
Tagline:Enjoy The Flavors Of Nature
Why weselected this name and design?How does it promote the restaurant's
image?
La' Giardino is an Italian two-word phrase that means "The Garden". The basis of our
restaurant is that it is a Garden themed restaurant which comprises of all green plantations and
beautiful fragranced flowers around and all over the place, with Italiano Cuisine presenting a
massive hit. The main idea of our garden-themed restaurant is because it provides a very relaxing
and blissful vibe to our customers, the calming and relaxing atmosphere of our garden will
improve people’s moods and reduces the likelihood of stress-related depression. plants and
greenery increase levels of positive energy and help people feel secure and relaxed. Karachi, a
city which is a crowded and stressful place to live, also comes in the list of most populated cities
10. in the world. Our garden-themed restaurant fits best with Karachi's people. Its a great Blissful
place for them to experience
How does your taglineimpactyour intended targetmarket?
Our tagline provides the main idea of our quality products and services which means that our
delicious, aromatic food will cheer you up with the essence of nature and greenery vibes which
will surely change your mood. It has a positive influence on our target market near the Shahrai
Faisal area.
Our focus is on the upper and middle-income level families living and shopping in the area. La
Giardino will focus on the income level of at least $50,000 and above, and 98% of families
living and shopping in the area. We focus on these specific groups because these are the types of
people who frequently will visit our restaurant. They are the ones that are willing to spend their
money on good dining and service at a value price.
Merchandising:
La'Giardino offers a variety of merchandising items and products which are available to our
customers to buy and shop while waiting for their order. This includes the following items
PENS, KEY-CHAINS, NAME TAGS, BADGES
T-SHIRTS, SHOES WITH LABEL AND LOGO OF OUR RESTAURANT
CHILDREN'S TOYS
HOUSING DECOR ITEMS
THEMED PLATES AND SILVERWARE UTENSILS
NOTEPADS AND STICKERS
We will sell our merchandising goods in our outside garden area. Whereas setting prices for your
products can be tough. Set prices too high, and you miss out on valuable sales. set them too low,
and you miss out on valuable revenue. Thankfully, pricing doesn’t have to be a sacrifice or a shot
in the dark. We will use the prestige-pricing strategy for our merchandising products and goods.
It is also known as premium pricing and luxury pricing, a prestige pricing strategy is when
companies price their products high to present the image that their products are high-value,
luxury, or premium. Prestige pricing focuses on the perceived value of a product rather than the
actual value or production cost. Prestige pricing is a direct function of brand awareness and
brand perception. Brands who apply this pricing method are known for providing value and
status through their products — which is why they’re priced higher than other competitors.
Because our products are luxurious, exclusive, and rare.
Visibility:
11. Our customers will get to know as we will use the strategy to set up our merchandise in a highly
visible and high traffic area of your establishment. A lobby area or near the cash registers is the
best place to place merchandise. The goods will be seen each time customers enter and leave
your restaurant. We will also add a small flyer in your check presenters that are given to every
table when they are ready to close out their bill.
Positioning-StrategicPartnership or Sponsorship
A target market refers to a group of customers to whom a company wants to sell its products and
services, and to whom it directs its marketing efforts.
Dividing a target market into various segments is as simple as dividing the population into
groups that can be measured by key characteristics. These include gender, age, income levels,
race, education, religion, marital status, and geographic location.
Consumers that fall into these groups tend to value the same products and services, which is why
narrowing down these segments is one of the most important factors to determine the target
market.
Demographics of our target market is Shahrai Faisal area its road is about 18km long in
Pakistan's largest city having head offices of all major local and multinational firms that are
working all over Pakistan. It's the busiest route across one million vehicles pass through it. It's
the central market to meet up with upper and middle-class people at one point. Shahram Faisal is
the strongest center point to make a business worthy and it helps us to meet our target audience.
The marketing mix deals with how a business uses price, product, distribution, and promotion to
market and sell its product. It is known as a "mix" because each ingredient affects the other and
the mix must overall be suitable to the target customer. Our marketing mix is unique as it is
targeted to the busiest center throughout the city connecting with areas like bahadurabad, Tariq
road, karsaz road. The people are the mix up of middle class and upper class, people around this
area busy in shopping malls, nearby schools, and major head offices which is the main reason for
our targeting
We have a lookout at the actual buying history of your target market. The most reliable indicator
of a customer who will make future purchases is one who has already made similar purchases in
the past. The purpose of targeting your market to habitual buyers is to spend your marketing
efforts on the most lucrative customers who are most likely to take advantage of your offers
Capitalized Hours
12. If you don’t already do so, you should track when you make the most sales. Understanding
macro trends in your customers’ patterns can help you maximize your profits. Most restaurants
will find that they are slower on certain days of the week, certain times of the year, and even
certain times during the day.
You can turn those slow times into some of your busiest hours by offering specific discounts and
specials. Many restaurants find that Mondays and Tuesdays are slower than other days of the
week. If that is the case for your business, consider offering daily specials on Monday and
Tuesday.
For example, Monday could be a day when you offer half-off appetizers. Tuesday could be a day
where you offer Happy Hour pricing for the entire afternoon. Those specials will help incentivize
people to visit during times that are historically slow for your restaurant.
Similarly, Happy Hour discounts are often used to draw in customers at times that are usually
slow for your business. Many times, this is the downtime between the lunch rush and the dinner
hour. Use discounts and specials to get customers in the doors, and they will come back as long
as the service and the food meet their expectations
Part 11 Physical Setting Of Our Restaurant