The document outlines the business strategy of Lemon Tea Shop to address challenges from negative publicity. The strategy has three phases:
1) "Peace in the eye of the storm" - Using social media to spread information about health impacts of chemicals and gain customer trust.
2) "Silent movement" - Conducting research to introduce new exclusive lemon teas, adjust prices and packaging, target customers, and benchmark competitors.
3) "Storming" - A short-term strategy to introduce new products and enhance service quality over 6 months, and a long-term 5-year strategy to increase market share and profits. The strategy aims to strengthen the brand through innovation and growth.
Cement industry has to play important role in the structural changes of the country. It helps welfare activities in HEMADRI CEMENTS (VEDADRI) LTD. JAGGAYYAPET, in order to motivating employees of the form through the study.
This document summarizes a research project on launching a new café shop. It includes a presentation flow, objectives to analyze feasibility and customer preferences, methodology using surveys, findings and recommendations. Key findings include: CCD was the most recalled brand (55.7%); customers most order coffee (90.7%) and visit 1-2 times a month; quality and ambience were most important factors. Recommendations suggested increasing snack availability, promotions, and partnering for bulk orders to attract customers.
The document summarizes research conducted on the coffee shop industry in India. Some key findings include:
1. Café Coffee Day is the largest player with 55.7% market share, followed by Barista at 30.9%.
2. Quality and ambience are the most important factors for customers when choosing a coffee shop.
3. Most customers order coffee but awareness could be increased about other beverages and snacks.
4. Recommendations include improving ambience and quality, offering snacks, targeted advertising, loyalty programs, and bulk deals.
This document appears to be a summer training report submitted by Mayank to the New Delhi Institute of Management about conducting a study on retailer and consumer behavior towards Mohani tea. It includes an executive summary of Mohani Tea Leaves Pvt. Ltd, which is a leading tea company in India. The report also details conducting primary research through surveys of retailers and consumers in Delhi to understand their behavior regarding Mohani tea. It concludes with learnings from the six-week summer training and recommendations.
This document discusses the history and spread of tea culture from China to other parts of Asia and Europe. It then focuses on tea culture and shops in Malaysia, comparing two tea shops called Chwan Deng Tea Art and Swee Tin Tea House. Chwan Deng Tea Art was founded more recently in 1999 in Klang, Selangor, sells pu-erh and oolong teas, and has 15 employees. Swee Tin Tea House was established earlier in 1942 in Ipoh, Perak, sells a wider variety of teas imported from China and other countries, and has 1 storekeeper and 15 warehouse employees. The document concludes with recommendations for both shops.
DRIVING THE LOYALTY SALES PERCENTAGE OF RELIANCE FRESH STORE, VAISHALI NAGAR,...BHOMA RAM
This document provides a 3-paragraph summary of key aspects of driving customer loyalty for retail stores:
1) Building customer loyalty requires strong service, quality control, constant innovation, diversifying product lines, and strong distribution chains. Good customer service and ensuring consistent product quality are essential.
2) Retailers must innovate constantly to keep customers engaged and meet evolving tastes. They should also expand into similar product categories to deepen customer relationships.
3) Establishing widespread distribution networks so products are readily available is critical for customers to remain loyal. If customers can't easily obtain a brand's products, they will switch to alternatives. Maintaining strong availability is a key part of retaining customers.
The document outlines the marketing mix strategy for a new coconut water product called "DHAB". Key elements of the marketing mix include:
- The product brand is called "DHAB" with a vision of providing natural coconut water. The packaging will be in bottles and aluminum cans with a 6-month shelf life.
- Pricing will be 50 taka for a 500ml bottle and 80 taka for a 1000ml bottle, with cans priced at 60 taka for 250ml. This is competitive with similar products.
- Promotion will include TV, newspaper, billboard ads as well as radio, sales promotions, sales forces, public relations and digital marketing.
- Distribution will utilize
Cement industry has to play important role in the structural changes of the country. It helps welfare activities in HEMADRI CEMENTS (VEDADRI) LTD. JAGGAYYAPET, in order to motivating employees of the form through the study.
This document summarizes a research project on launching a new café shop. It includes a presentation flow, objectives to analyze feasibility and customer preferences, methodology using surveys, findings and recommendations. Key findings include: CCD was the most recalled brand (55.7%); customers most order coffee (90.7%) and visit 1-2 times a month; quality and ambience were most important factors. Recommendations suggested increasing snack availability, promotions, and partnering for bulk orders to attract customers.
The document summarizes research conducted on the coffee shop industry in India. Some key findings include:
1. Café Coffee Day is the largest player with 55.7% market share, followed by Barista at 30.9%.
2. Quality and ambience are the most important factors for customers when choosing a coffee shop.
3. Most customers order coffee but awareness could be increased about other beverages and snacks.
4. Recommendations include improving ambience and quality, offering snacks, targeted advertising, loyalty programs, and bulk deals.
This document appears to be a summer training report submitted by Mayank to the New Delhi Institute of Management about conducting a study on retailer and consumer behavior towards Mohani tea. It includes an executive summary of Mohani Tea Leaves Pvt. Ltd, which is a leading tea company in India. The report also details conducting primary research through surveys of retailers and consumers in Delhi to understand their behavior regarding Mohani tea. It concludes with learnings from the six-week summer training and recommendations.
This document discusses the history and spread of tea culture from China to other parts of Asia and Europe. It then focuses on tea culture and shops in Malaysia, comparing two tea shops called Chwan Deng Tea Art and Swee Tin Tea House. Chwan Deng Tea Art was founded more recently in 1999 in Klang, Selangor, sells pu-erh and oolong teas, and has 15 employees. Swee Tin Tea House was established earlier in 1942 in Ipoh, Perak, sells a wider variety of teas imported from China and other countries, and has 1 storekeeper and 15 warehouse employees. The document concludes with recommendations for both shops.
DRIVING THE LOYALTY SALES PERCENTAGE OF RELIANCE FRESH STORE, VAISHALI NAGAR,...BHOMA RAM
This document provides a 3-paragraph summary of key aspects of driving customer loyalty for retail stores:
1) Building customer loyalty requires strong service, quality control, constant innovation, diversifying product lines, and strong distribution chains. Good customer service and ensuring consistent product quality are essential.
2) Retailers must innovate constantly to keep customers engaged and meet evolving tastes. They should also expand into similar product categories to deepen customer relationships.
3) Establishing widespread distribution networks so products are readily available is critical for customers to remain loyal. If customers can't easily obtain a brand's products, they will switch to alternatives. Maintaining strong availability is a key part of retaining customers.
The document outlines the marketing mix strategy for a new coconut water product called "DHAB". Key elements of the marketing mix include:
- The product brand is called "DHAB" with a vision of providing natural coconut water. The packaging will be in bottles and aluminum cans with a 6-month shelf life.
- Pricing will be 50 taka for a 500ml bottle and 80 taka for a 1000ml bottle, with cans priced at 60 taka for 250ml. This is competitive with similar products.
- Promotion will include TV, newspaper, billboard ads as well as radio, sales promotions, sales forces, public relations and digital marketing.
- Distribution will utilize
ORGANIZATION DEVELOPMENT IMPLEMENTED IN STARBUCKSIndiran K
Starbucks has implemented various organization development initiatives to become more environmentally sustainable and socially responsible. Some key initiatives include committing to source coffee ethically and reduce environmental impact through initiatives like using 25% less energy by 2015 in company stores. However, Starbucks faces challenges meeting some of its aggressive sustainability goals due to issues like infrastructure limitations. Starbucks' social responsibility efforts also provide opportunities like attracting employees who share its values and enhancing its brand image with consumers.
Degree's final project from myself during the last year of University Jaume I. I used all the knowledge learned on the degree Business Administration.
The project is a business plan of an ecological enterprise may be implemented in the market of Spain. The business is viable, the information obtained is from a qualitative study made in Castellón and different references.
This document analyzes the marketing environment of Coca-Cola in Vietnam. It examines both the macroenvironment, including economic, natural, technological, political, and cultural factors, as well as the microenvironment comprising the company itself, suppliers, marketing intermediaries, customers, competitors, and publics. Some key points are that economic instability can impact sales while technological advances allow for more environmentally friendly packaging. Coca-Cola faces competition from Pepsi in Vietnam and must consider public opinion to protect its reputation.
Comparative Statistical Analysis between PRAN Foods Limited and Akij Foods an...Pantho Sarker
One of the most important things that we observe and apply in our day to day activities is statistics which itself is both science and art as well. When doing a study on “Comparative Statistical Analysis on PRAN Foods Limited and Akij Foods and Beverage Limited on Customer Satisfaction in the University Area”, we have used many of statistical techniques like mean, median, mode, 1st quartile, 3rd quartile, standard deviation, mean deviation, coefficient of variation Pearson’s coefficient of skewness, software coefficient of skewness, coefficient of correlation, coefficient of determination, and regression analysis. The main objective of this study is to find out whether PRAN Foods Limited or Akij Foods and Beverage Limited has a better performance in customer satisfaction in the Dhaka University Area. All these statistical techniques have been used to measure the independent variable X shown as sales and the dependent variable Y shown as profits in this report to find necessary interrelations between them.
This document analyzes the feasibility of starting a meal service that provides lunch to office employees. It conducts analyses of the product/service, organization, industry/market, and financial feasibility. Key points analyzed include desirable customer benefits, target market attractiveness, competitive environment, startup costs, projected revenue and expenses, and positive net cash flow in the first year. The conclusion is that the idea has potential to succeed in practice based on earning a net profit and positive cash flow.
Ineffective operational management - a case of Papa Garden.pdfNuioKila
This document is a case study on the ineffective operational management at Papa Garden, a fast food restaurant in Ho Chi Minh City, Vietnam. It finds that from 2016-2017, Papa Garden experienced falling sales volumes and low customer satisfaction levels compared to its competitors. The key cause identified is Papa Garden's ineffective operational management, such as poor supervision from managers, insufficient staffing, and a lack of coordination between departments. The study recommends implementing seminars, counseling sessions, and team building activities to improve staff training and collaboration as a solution.
The assignment analysis about the potential local brand of Nature‟s Secrets and Forever which satisfy the consumers. Also, the brands are the good competitive advantage compare with other local and foreign brands.
Sapid Sweets is introducing a new healthy energy bar to target young health-conscious professionals. A SWOT analysis found strengths in existing customers and opportunities in market growth. The target market is ages 18-30, especially office workers. Goals are to appeal to health interests with organic ingredients like omega-3 fatty acids. Market testing found preferred prices of $2.40-$3.00 for 100g bars. Promotion will include billboards and radio ads targeting an active lifestyle. Sales will be monitored through retailer feedback and marketing research.
The document is a project report on strategic management for Dr Pepper Snapple Group. It includes the company's vision and strategy, which focuses on building brands, executing with excellence, and continuous improvement. An external analysis identifies opportunities like expanding into new markets and threats such as strong competition from Pepsi and Coca-Cola. Matrices are used to evaluate the company's external factors and competitive position. Recommendations and an action plan are proposed.
“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”.
Amber's aims to integrate digital applications with the traditional coffeehouse to create the most comfortable and convenient coffeehouse around. We are currently in the works to develop a pre-order app to eliminate the hassle of queuing that usually take up most of the consumer's time
Eco-cycle was created to make recycling more convenient for consumers. The company plans to install recycling machines that use infrared technology to sort recyclables. This will eliminate the need for consumers to sort items themselves. Eco-cycle aims to capitalize on the growing demand for easy recycling options. The document outlines Eco-cycle's financial projections, management team, and risks including new competitors and high manufacturing costs. The business plan details Eco-cycle's mission to improve recycling and environmental stewardship.
Week 12 Final AssessmentPreparing for Your Report Languag.docxcelenarouzie
This document provides information about an assessment for a marketing and finance course. It outlines the structure and requirements for a 2500 word individual business report that is due on May 5, 2017. The report must include an executive summary, introduction, product description, pricing strategies, promotion strategies, distribution strategies, and marketing environment analysis with a bibliography. It also requires a current financial requirements section and financial forecast. Guidelines are provided for each section of the report.
Business Plan - MEBF - Gaetan Bio - Feb-2023.pdfGaëtan Bio
My Eco Best Friend is a proposed online platform and non-profit association that aims to help users live more sustainably. The platform would function as both a marketplace for eco-friendly products and services as well as an information hub containing eco-tips, challenges, and tools to track sustainable activities. Products and sellers on the marketplace would be rated on a 1-5 star scale for environmental friendliness. The platform seeks to educate and empower users to make progress towards more eco-conscious purchasing and lifestyle choices in a non-judgmental way. If successful, it could benefit small, local sustainable businesses by providing an online sales channel and marketing support to help them compete with larger companies.
NCV 4 Management Practice Hands-On Support Slide Show - Module 2Future Managers
This slide show complements NCV 4 Management Practice Hands-On Training by Bert Eksteen & Anthony Hill, published by Future Managers Pty Ltd. For more information visit our website www.futuremanagers.net
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 is a marketing plan submitted by a group of students for a proposed health drink called C+. It includes an executive summary, introduction, company summary, marketing environment analysis, and other sections. The executive summary states that C+ will be a green coconut juice drink launched nationwide within 5 years. It will provide a natural option and compete with other drinks. The introduction explains that C+ will fulfill people's desire for a healthy yet convenient drink. The company summary outlines the proposed startup plan, mission, and goals of positioning the brand in consumers' minds. The marketing environment analysis section evaluates microenvironment factors like suppliers, customers and competitors, as well as macroenvironment factors that could impact the business.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
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ORGANIZATION DEVELOPMENT IMPLEMENTED IN STARBUCKSIndiran K
Starbucks has implemented various organization development initiatives to become more environmentally sustainable and socially responsible. Some key initiatives include committing to source coffee ethically and reduce environmental impact through initiatives like using 25% less energy by 2015 in company stores. However, Starbucks faces challenges meeting some of its aggressive sustainability goals due to issues like infrastructure limitations. Starbucks' social responsibility efforts also provide opportunities like attracting employees who share its values and enhancing its brand image with consumers.
Degree's final project from myself during the last year of University Jaume I. I used all the knowledge learned on the degree Business Administration.
The project is a business plan of an ecological enterprise may be implemented in the market of Spain. The business is viable, the information obtained is from a qualitative study made in Castellón and different references.
This document analyzes the marketing environment of Coca-Cola in Vietnam. It examines both the macroenvironment, including economic, natural, technological, political, and cultural factors, as well as the microenvironment comprising the company itself, suppliers, marketing intermediaries, customers, competitors, and publics. Some key points are that economic instability can impact sales while technological advances allow for more environmentally friendly packaging. Coca-Cola faces competition from Pepsi in Vietnam and must consider public opinion to protect its reputation.
Comparative Statistical Analysis between PRAN Foods Limited and Akij Foods an...Pantho Sarker
One of the most important things that we observe and apply in our day to day activities is statistics which itself is both science and art as well. When doing a study on “Comparative Statistical Analysis on PRAN Foods Limited and Akij Foods and Beverage Limited on Customer Satisfaction in the University Area”, we have used many of statistical techniques like mean, median, mode, 1st quartile, 3rd quartile, standard deviation, mean deviation, coefficient of variation Pearson’s coefficient of skewness, software coefficient of skewness, coefficient of correlation, coefficient of determination, and regression analysis. The main objective of this study is to find out whether PRAN Foods Limited or Akij Foods and Beverage Limited has a better performance in customer satisfaction in the Dhaka University Area. All these statistical techniques have been used to measure the independent variable X shown as sales and the dependent variable Y shown as profits in this report to find necessary interrelations between them.
This document analyzes the feasibility of starting a meal service that provides lunch to office employees. It conducts analyses of the product/service, organization, industry/market, and financial feasibility. Key points analyzed include desirable customer benefits, target market attractiveness, competitive environment, startup costs, projected revenue and expenses, and positive net cash flow in the first year. The conclusion is that the idea has potential to succeed in practice based on earning a net profit and positive cash flow.
Ineffective operational management - a case of Papa Garden.pdfNuioKila
This document is a case study on the ineffective operational management at Papa Garden, a fast food restaurant in Ho Chi Minh City, Vietnam. It finds that from 2016-2017, Papa Garden experienced falling sales volumes and low customer satisfaction levels compared to its competitors. The key cause identified is Papa Garden's ineffective operational management, such as poor supervision from managers, insufficient staffing, and a lack of coordination between departments. The study recommends implementing seminars, counseling sessions, and team building activities to improve staff training and collaboration as a solution.
The assignment analysis about the potential local brand of Nature‟s Secrets and Forever which satisfy the consumers. Also, the brands are the good competitive advantage compare with other local and foreign brands.
Sapid Sweets is introducing a new healthy energy bar to target young health-conscious professionals. A SWOT analysis found strengths in existing customers and opportunities in market growth. The target market is ages 18-30, especially office workers. Goals are to appeal to health interests with organic ingredients like omega-3 fatty acids. Market testing found preferred prices of $2.40-$3.00 for 100g bars. Promotion will include billboards and radio ads targeting an active lifestyle. Sales will be monitored through retailer feedback and marketing research.
The document is a project report on strategic management for Dr Pepper Snapple Group. It includes the company's vision and strategy, which focuses on building brands, executing with excellence, and continuous improvement. An external analysis identifies opportunities like expanding into new markets and threats such as strong competition from Pepsi and Coca-Cola. Matrices are used to evaluate the company's external factors and competitive position. Recommendations and an action plan are proposed.
“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”.
Amber's aims to integrate digital applications with the traditional coffeehouse to create the most comfortable and convenient coffeehouse around. We are currently in the works to develop a pre-order app to eliminate the hassle of queuing that usually take up most of the consumer's time
Eco-cycle was created to make recycling more convenient for consumers. The company plans to install recycling machines that use infrared technology to sort recyclables. This will eliminate the need for consumers to sort items themselves. Eco-cycle aims to capitalize on the growing demand for easy recycling options. The document outlines Eco-cycle's financial projections, management team, and risks including new competitors and high manufacturing costs. The business plan details Eco-cycle's mission to improve recycling and environmental stewardship.
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This document provides information about an assessment for a marketing and finance course. It outlines the structure and requirements for a 2500 word individual business report that is due on May 5, 2017. The report must include an executive summary, introduction, product description, pricing strategies, promotion strategies, distribution strategies, and marketing environment analysis with a bibliography. It also requires a current financial requirements section and financial forecast. Guidelines are provided for each section of the report.
Business Plan - MEBF - Gaetan Bio - Feb-2023.pdfGaëtan Bio
My Eco Best Friend is a proposed online platform and non-profit association that aims to help users live more sustainably. The platform would function as both a marketplace for eco-friendly products and services as well as an information hub containing eco-tips, challenges, and tools to track sustainable activities. Products and sellers on the marketplace would be rated on a 1-5 star scale for environmental friendliness. The platform seeks to educate and empower users to make progress towards more eco-conscious purchasing and lifestyle choices in a non-judgmental way. If successful, it could benefit small, local sustainable businesses by providing an online sales channel and marketing support to help them compete with larger companies.
NCV 4 Management Practice Hands-On Support Slide Show - Module 2Future Managers
This slide show complements NCV 4 Management Practice Hands-On Training by Bert Eksteen & Anthony Hill, published by Future Managers Pty Ltd. For more information visit our website www.futuremanagers.net
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 is a marketing plan submitted by a group of students for a proposed health drink called C+. It includes an executive summary, introduction, company summary, marketing environment analysis, and other sections. The executive summary states that C+ will be a green coconut juice drink launched nationwide within 5 years. It will provide a natural option and compete with other drinks. The introduction explains that C+ will fulfill people's desire for a healthy yet convenient drink. The company summary outlines the proposed startup plan, mission, and goals of positioning the brand in consumers' minds. The marketing environment analysis section evaluates microenvironment factors like suppliers, customers and competitors, as well as macroenvironment factors that could impact the business.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
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The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
2. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
Table of Contents
1. INTRODUCTION.....................................................................................................................................3
1.1 Overview..........................................................................................................................................3
1.2 Mind map of business strategy........................................................................................................3
2. BUSINESS STRATEGY.............................................................................................................................4
2.1 Ansoff’s model of product development.........................................................................................4
2.2 Detailed business strategy...............................................................................................................4
2.2.1 Phase 1: “Peace in the eye of the storm”.................................................................................4
2.2.2 Phase 2: “Silent movement”.....................................................................................................5
2.2.3 Phase 3: “Storming”..................................................................................................................7
3. CONCLUSION.........................................................................................................................................9
VIETNAM YOUTH TO BUSINESS FORUM 2013
ONLINE COMPETITION
3. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
1. INTRODUCTION
1.1 Overview
Start – up is always attractive to almost young and ambitious people who want to define themselves a
niche in market whereby become successful businessmen in foreseeable future. They often observe
customer needs and then catch that market signal for translating it into practice. In fact, present
young generation has a great flair for market trend, in particular “lemon tea – air blade” – emerging
phenomenon from the end of the year 2012, which is considered as worth start – up opportunity. I
also integrate into this trend through inaugurating a lemon tea shop with assured certified materials
bringing my successful passion together. However, bad publicity and rumors spreading widely about
hygiene of lemon tea force me to have to think strategically to get rigid of turn-around situation and
for vital competition.
1.2 Mind map of business strategy
4. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
2. BUSINESS STRATEGY
2.1 Ansoff’s model of product development
First of all, my current business is self – evaluated in terms of application of Ansoff’s model to
evaluation to indicate how to develop my products. The result shows that product development is
necessary to improve my current business situation as competitors are eating up shares of others in
context of severe competition.
2.2 Detailed business strategy
We continue the business normally. At the same time, we will propose the new business plan which
will change our situation and restore customer belief.
2.2.1 Phase 1: “Peace in the eye of the storm”
There is increasingly trend that people refuse using lemon tea contained chemicals and uncertified
materials. This is appropriate point of time to support for this by using social networking to spread
more information about impact of these chemical comsumption on people health. Specifically, the
application of viral social network is illustrated below:
The consequences of using social networking will bring both advantages and associated risksfor my
business. However, the risks are tolerated within my control and I am willing to enjoy risks to take
higher returns.
5. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
We are willing to enjoy risks to take higher returns.
2.2.2 Phase 2: “Silent movement”
The critical analysis: conducted on range of areas including product assessment, market research of
the customer needs and customer targeting and finally competitors benchmarking.
Customer Targeting:
A
D
V
A
N
T
A
G
E
S
R
I
S
K
S
S
70%
30%
6. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
The majority targeted customer is students/pupils accounting for 65%. They are
willing to spend money to buy product as long as the prices are reasonable and they
are entitled quality beverage.
This is most important customer category to be significantly developed in future.
The other category includes groups of friends, young people and couples. They often
go to lemon tea shop about average 2 times per week especially on the weekend.
We estimate these category accounts for 35%.
Product Assessment:
Selling price: we current offer 8,000 VND.
The price is then adjusted for 10,000 VND.
Production costs: based on the current situation, production costs are 3,000 VND.
The production costs is adjusted for 4,000 VND after researching and introducing
new exclusive “special” lemon tea.
Quality: After researching and introducing, we will register with department of health
of Ho Chi Minh City about the guarantee on out product.
Design of package: We are using plastic cups for our products.
The paper cup will replace the current plastic cup with design of environment
friendly.
The paper cup can be recycled for next times
Competitors Benchmarking:
Similar selling price: about 8,000 VND – 16,000 VND
Our adjusted offer is reasonable (10,000 VND)
The component of menu list are all similar causing boring on customers
The new menu list with exclusive “special” lemon teas refreshing customer’s
tastes.
The services of lemon tea shop are rather acceptable as a whole. However, they have
not yet reflected the professionalism in serving customers.
Our waiter force will be trained to be friendlier with specific performance indicator
each month and they will be provided uniform.
7. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
Intensive researching of “special” product of lemon tea and redesign of the menu list:
2.2.3 Phase 3: “Storming”
Short term strategy – 6 months
o Product Orientation
Product Communication Competition strategy
+ Using social network, websites, word of mouths
about new products of lemon tea
+ Copy of “Hygiene License” on food safety and
processed materials
+ Offering trial free use of new products
+ Competing on existing products
while attracting customer to new
products.
+ Enhancement of service quality to
maintain customer satisfaction.
+ Issue scoring cards:
8. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
o Focus on developing market share from current customers
Sale revenue is increased by focusing on other (35%) firstly in six months. The revenue is expected
to increase at level of 10%, the production costs is at 5%.
Long term strategy – 5 years
9. [ LEMON TEA SHOP – THE BUSINESS STRATEGY]
LEMON TEA SHOP – THE BUSINESS STRATEGY | CONFIDENTIAL
The summary of sale revenue from combination of long term strategy and short term
strategy:
3. CONCLUSION
We are confident to go throughout the storm and build our brand stronger through combination both
short term and long term strategies to introduce new version of lemon tea which is more environment
friendly and increase our profitability in the foreseeable future. We are willing to take associated risks
in order to earn higher return and take all necessary actions to ensure that the risks are within our
control. With our slogan “Think different – Do excellent” we believe that our business strategy will
bring successful as soon as it is implemented in practice.