TempSleeve is a product that allows users to heat or cool liquids in beverage containers through exothermic and endothermic chemical reactions. It is targeted towards college-aged outdoor enthusiasts. TempSleeve provides a convenient way to alter liquid temperatures and is positioned as more effective and eco-friendly than competitors like Thermos that can only maintain temperatures. Market research found that potential customers valued TempSleeve's heating and cooling abilities and portability. The product will be marketed as enhancing the outdoor experience while protecting the environment.
Chapter 07 promoting services and educating customersNardin A
The chapter discusses marketing communications strategies for promoting services. It covers the challenges of communicating intangible services and the roles of various marketing communication tools. The key points are:
1) Marketing communications help position services, educate customers on offerings, promote personnel contributions, and manage demand.
2) Services have challenges like intangibility that require tangible cues and metaphors in promotions.
3) Effective communication planning involves understanding objectives, audiences, messages and appropriate channels.
4) The marketing communications mix for services includes traditional channels like advertising, public relations, and personal selling as well as internet options.
FACTORS INFLUENCING THE ADOPTION OF E-GOVERNMENT SERVICES IN PAKISTANMuhammad Ahmad
E-government provides opportunities to deliver various services more effectively and better serve citizens. In developing countries, e-government initiatives provide services that have been previously inaccessible to their citizens. However, e-government initiatives in developing countries are still in their infancy and face a wide range of barriers that restrict wide-spread use. Like many other developing countries, Pakistan has a low level of e-government services adoption. Previous research has investigated e-government services in developing countries from the organizational perspective. However, the research stream suffers from an absence of studies that have investigated e-government from a citizen’s perspective. The success of e-government services depends on government support as well as on citizen’s adoption. This paper aims to fill this gap by exploring the challenges and barriers of e-government services from the user’s perspective. In this study, an amended version of the UTAUT model is used to investigate the factors influencing the uptake of e-government services in Pakistan. The results show that the factors influencing the adoption of e-government services in Pakistan are related to ease of use, usefulness, social influence, technological issues, lack of awareness, data privacy, and trust. Implications for e-businesses and government policy decision makers are also considered in this study.
This document provides a business plan for a proposed food business called Company Bite and Brew Snacks that specializes in puto pao, a Filipino delicacy. The executive summary describes puto pao and the business as a food business focused on producing puto pao. Sections provide details on the puto pao industry, target customers as Filipinos both in the Philippines and abroad, and competitors. The company description outlines the mission to create a fusion of flavors combining puto pao and beverages while honoring Filipino culinary traditions. Production processes are described for making asado meat filling and puto pao, as well as a coffee frappe beverage.
1. The document discusses three strategies for implementing organizational change: economic strategies that focus on top-down restructuring and efficiencies, OD strategies that focus on building capabilities, and Beer's combined strategy that balances economic and OD approaches.
2. Beer argues the most effective strategy combines elements of economic and OD strategies by developing a vision, managing stakeholders, and adopting a socio-technical approach that involves managers.
3. The document also notes that situational variables must be considered when shaping implementation strategies, with more directive strategies appropriate when change is urgent versus more collaborative strategies when change requirements are unclear and resistance is expected.
These are complete slides and are based on the book of christover lovelock and useful for MBA & BBA students... These slides covers all the syllabus of different universities...
TNT recognized in 2008 that to meet increasing customer expectations, it needed to make major changes to ensure it could deliver a superior customer experience. It developed a two-year Customer Promise program with a core strategy of customer focus. TNT communicated the promise internally and externally, and aligned its employees and culture to support the promise through training, development initiatives, and rewards that recognized employee contributions to customer satisfaction. As a result, TNT achieved the highest levels of customer satisfaction in its market and met its targets despite economic challenges.
1. The document discusses how the internet impacts corporate strategy and industry structure. It examines essential questions around how economic benefits will be distributed and how the internet will impact profitability and competitive advantage.
2. Three levels of e-business strategy are described from experimentation to integration to transformation. The stages of an e-business strategy process are also outlined.
3. Stage two of the process involves diagnosing the industry environment through analyzing competitors and benchmarking technology, as well as diagnosing the company through assessing customers, suppliers, technologies, and identifying SWOTs.
Chapter 07 promoting services and educating customersNardin A
The chapter discusses marketing communications strategies for promoting services. It covers the challenges of communicating intangible services and the roles of various marketing communication tools. The key points are:
1) Marketing communications help position services, educate customers on offerings, promote personnel contributions, and manage demand.
2) Services have challenges like intangibility that require tangible cues and metaphors in promotions.
3) Effective communication planning involves understanding objectives, audiences, messages and appropriate channels.
4) The marketing communications mix for services includes traditional channels like advertising, public relations, and personal selling as well as internet options.
FACTORS INFLUENCING THE ADOPTION OF E-GOVERNMENT SERVICES IN PAKISTANMuhammad Ahmad
E-government provides opportunities to deliver various services more effectively and better serve citizens. In developing countries, e-government initiatives provide services that have been previously inaccessible to their citizens. However, e-government initiatives in developing countries are still in their infancy and face a wide range of barriers that restrict wide-spread use. Like many other developing countries, Pakistan has a low level of e-government services adoption. Previous research has investigated e-government services in developing countries from the organizational perspective. However, the research stream suffers from an absence of studies that have investigated e-government from a citizen’s perspective. The success of e-government services depends on government support as well as on citizen’s adoption. This paper aims to fill this gap by exploring the challenges and barriers of e-government services from the user’s perspective. In this study, an amended version of the UTAUT model is used to investigate the factors influencing the uptake of e-government services in Pakistan. The results show that the factors influencing the adoption of e-government services in Pakistan are related to ease of use, usefulness, social influence, technological issues, lack of awareness, data privacy, and trust. Implications for e-businesses and government policy decision makers are also considered in this study.
This document provides a business plan for a proposed food business called Company Bite and Brew Snacks that specializes in puto pao, a Filipino delicacy. The executive summary describes puto pao and the business as a food business focused on producing puto pao. Sections provide details on the puto pao industry, target customers as Filipinos both in the Philippines and abroad, and competitors. The company description outlines the mission to create a fusion of flavors combining puto pao and beverages while honoring Filipino culinary traditions. Production processes are described for making asado meat filling and puto pao, as well as a coffee frappe beverage.
1. The document discusses three strategies for implementing organizational change: economic strategies that focus on top-down restructuring and efficiencies, OD strategies that focus on building capabilities, and Beer's combined strategy that balances economic and OD approaches.
2. Beer argues the most effective strategy combines elements of economic and OD strategies by developing a vision, managing stakeholders, and adopting a socio-technical approach that involves managers.
3. The document also notes that situational variables must be considered when shaping implementation strategies, with more directive strategies appropriate when change is urgent versus more collaborative strategies when change requirements are unclear and resistance is expected.
These are complete slides and are based on the book of christover lovelock and useful for MBA & BBA students... These slides covers all the syllabus of different universities...
TNT recognized in 2008 that to meet increasing customer expectations, it needed to make major changes to ensure it could deliver a superior customer experience. It developed a two-year Customer Promise program with a core strategy of customer focus. TNT communicated the promise internally and externally, and aligned its employees and culture to support the promise through training, development initiatives, and rewards that recognized employee contributions to customer satisfaction. As a result, TNT achieved the highest levels of customer satisfaction in its market and met its targets despite economic challenges.
1. The document discusses how the internet impacts corporate strategy and industry structure. It examines essential questions around how economic benefits will be distributed and how the internet will impact profitability and competitive advantage.
2. Three levels of e-business strategy are described from experimentation to integration to transformation. The stages of an e-business strategy process are also outlined.
3. Stage two of the process involves diagnosing the industry environment through analyzing competitors and benchmarking technology, as well as diagnosing the company through assessing customers, suppliers, technologies, and identifying SWOTs.
The document discusses brand positioning and differentiation. It defines positioning as how a product is defined by consumers on important attributes compared to competitors or other products. Marketers identify competitors' strengths and weaknesses through customer ratings. Brands can be differentiated through points-of-difference (unique attributes) or points-of-parity (shared attributes). Effective positioning comes from desirable, deliverable, and differentiating attributes. The document also discusses brand mantras, perceptual maps, and emotional branding to convey a brand's identity.
Lovato Bakery Café is a partnership between 5 individuals operating out of Ampang, Selangor, Malaysia. The business was established in March 2013 and specializes in producing and selling cheese tarts in 5 flavors. The business plan outlines the company's vision, objectives, management structure, marketing strategy, and financial projections. It identifies key competitors in the area and provides sales forecasts projecting over RM1 million in annual revenue.
The business plan is for a company called Sweetbits that produces and sells various flavored sweets and snacks. The company aims to target customers with low budgets, especially students, by providing tasty yet affordable products. Sweetbits plans to ensure high product quality through careful manufacturing processes. Financially, the company forecasts earning a profit within its first week of operations. The marketing strategy involves promoting the products on campus and establishing brand loyalty through reward programs. Regulatory compliance and capital structure are also addressed in the business plan.
7-Eleven Malaysia Sdn. Bhd. is the largest 24-hour convenience store chain in Malaysia, operating 1,497 stores nationwide. Founded in 1927 in Texas, 7-Eleven first opened in Malaysia in 1984 and has since become a prominent brand known for providing customers access to daily necessities 24/7. The company targets busy adults, youth, and families by offering groceries, snacks, drinks and other convenience products, as well as services like ATMs and bill payment. While facing competition from stores like KK Mart, 7-Eleven remains dominant in the convenience store market due to its brand recognition and widespread national coverage that allows customers to easily access stores.
UCD Smurfit: Digital Merchants Business Model AnalysisLara Zaccaria
This document analyzes different digital merchandising business models including bricks and clicks, catalogue merchants, pure players, and bit vendors. It discusses the key features and challenges of each model. It also examines the characteristics of e-merchants like ubiquity, global reach, information density, and personalization. Finally, it provides an overview of Tesco's online business model focusing on their key activities, resources, value propositions, channels, and customer segments.
This document is from a chapter in an economics textbook that discusses comparative environmental frameworks and the economic environments facing businesses internationally. The chapter objectives are to understand the importance of economic analysis, compare macroeconomic indicators and economic systems, and discuss drivers of economic transition. It covers topics such as gross national income, inflation, unemployment, poverty, productivity, and the balance of payments. It also contrasts market, command, and mixed economic systems and dimensions of economic freedom.
The document outlines a marketing plan for Dream Bakers, a café and bakery located in Mardan, Pakistan. It will offer a variety of coffee, cakes, pastries and other products at competitive prices. The plan details the target market, strategies, financial projections, and controls to achieve the mission of offering high quality bakery products and becoming a leading reputable bakery in the area. It analyzes competitors, trends, and provides breakdowns of expenses, cash flows, and the breakeven point. The marketing team will implement strategies around pricing, promotion, and product/service quality to attract customers and achieve financial objectives.
The document discusses key aspects of services marketing. It notes that the service sector makes up a large portion of economic activity and employment in most developed economies. Services range from those provided internally by organizations to their external customers. There are also four main categories of services defined by whether they process people, possessions, mental stimuli, or information. The characteristics of services, including intangibility and variability, have important implications for marketing strategy. Firms must consider customer involvement in production and the role of employees, as well as how to effectively design service delivery processes and channels.
This chapter discusses the importance of studying services marketing. It notes that services now account for over 60% of global GDP and are the strongest growth area for marketing. It defines services as economic activities offered by one party to another that employ time-based performances to bring about desired results, with customers obtaining value through access rather than ownership. Key factors transforming the service economy include advances in technology, globalization, changes in business trends and government policies, and social changes. The chapter categorizes services and differentiates between service products, customer service, and after-sales service. It also presents a process perspective for understanding services.
The document discusses the importance of adopting a market-driven strategy that begins with understanding customers and competitors in order to create superior value. It outlines the key characteristics of becoming a market-oriented organization such as acquiring market information, developing distinctive capabilities, and aligning organizational structure and processes around satisfying customer needs. The challenges of implementing a market-driven strategy in today's global and technologically changing environment are also addressed.
Services account for over 60% of the world's GDP and most new employment. Marketing of services differs from products in several key ways: services are intangible, perishable, inseparable from their production and delivery, and variable. The 8Ps marketing mix framework expands the traditional 4Ps to address the unique characteristics of services, including elements like process, physical environment, and people. Properly understanding customer involvement in the co-production of services is vital, as illustrated by the servuction model which maps the visible and invisible factors shaping the customer experience.
O documento descreve o catálogo de produtos da CILIPARTS, incluindo cilindros de ignição e peças para vários modelos de veículos da General Motors, Volkswagen, Fiat, Mercedes e Ford. A CILIPARTS está ampliando sua linha de produtos para fornecer mais opções para clientes.
The document discusses developing service concepts, including distinguishing core and supplementary elements. It describes augmenting the core product with supplementary services and delivery processes. Flowcharts can document the sequence of service delivery over time. The "Flower of Service" model identifies core products and two types of supplementary services - facilitating and enhancing. There are various branding alternatives for services. New services can be developed through reengineering processes, using physical goods as ideas, and research.
This document summarizes Michael Porter's Five Forces model of competition. It was developed by Michael Porter to analyze industry structure and competition. The five competitive forces are: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products, and competitive rivalry between existing competitors. The document explains each of these forces and factors that influence the degree of each force within an industry.
The document provides an overview of factors that influence consumer behavior, including cultural, social, personal, and psychological factors. It discusses theories of motivation from Freud, Maslow, and Herzberg and key psychological processes of perception, learning, emotions, and memory. It also outlines the consumer decision process and models of low-involvement decisions. Behavioral factors like heuristics, framing, and mental accounting are examined in relation to how consumers sometimes stray from rational decision making.
The document discusses market segmentation and targeting. It defines a market segment as a group of customers who share similar needs and wants. It identifies different ways to segment consumer markets, including geographic, demographic, psychographic, and behavioral segmentation. The key requirements for effective segmentation are that the segments are identifiable, substantial, accessible, differentiable, and actionable. Companies must also choose the most attractive target markets to enter.
The document discusses market segmentation and targeting. It defines a market segment as a group of customers who share similar needs and wants. It identifies different ways to segment consumer markets, including geographic, demographic, psychographic, and behavioral segmentation. The key requirements for effective segmentation are that the segments are identifiable, substantial, accessible, differentiable, and actionable. Companies must also choose the most attractive target markets to enter.
The document discusses the market opportunity for mobile virtual network operators (MVNOs) targeting small and medium-sized enterprises (SMEs). SMEs represent a large percentage of business customers and revenues but are often overlooked as a segment. To effectively target SMEs, an MVNO needs to accurately segment the market, design products that meet the specific needs of SMEs, and identify efficient marketing channels for this segment. Private mobile networks using technologies like nanoGSM are presented as a potential solution that could allow an MVNO to provide services tailored for SMEs.
Final version of bottle flask proposal English for Management UTAR UTAR
5.3 Benefits
6.0 Proposed Plan
6.1 Marketing Strategies
6.1.1 Campaign on Social Media
6.1.2 YouTube VLOG advertising
6.1.3 Roadshow
6.1.4 Sponsoring events
runner-up of the race will get The Season Flask as an award.
6.1.5 Product launch party
7.0 Timeline
9.0 Proposed Budget
1.0 Executive Summary
2.0 Introduction
3.0 Objectives
4.0 Situation Analysis
4.1 SWOT Analysis
4.1.1 Strength
4.1.2 Weaknesses
4.1.3 Opportunity
4.1.4 Threats
4.2 Result of Market Survey
5.0 Description of the Proposed Product
5.1 Product
5.2 Target audience
From Sustainability Trends and Labelling - to Real Business Actions and Value...Revista H&C
This document summarizes a presentation on sustainability trends in the household cleaning products industry. It notes that green claims are increasingly common but often vague and unsubstantiated. Consumers want more education on sustainability claims. The presentation identifies five key sustainability issues for the industry and argues that enzymes can help address these issues and provide benefits like high performance at low temperatures. It provides examples of brands that have grown by incorporating stronger sustainability messages and scientific documentation of their products' environmental profile through life cycle assessments.
The document discusses brand positioning and differentiation. It defines positioning as how a product is defined by consumers on important attributes compared to competitors or other products. Marketers identify competitors' strengths and weaknesses through customer ratings. Brands can be differentiated through points-of-difference (unique attributes) or points-of-parity (shared attributes). Effective positioning comes from desirable, deliverable, and differentiating attributes. The document also discusses brand mantras, perceptual maps, and emotional branding to convey a brand's identity.
Lovato Bakery Café is a partnership between 5 individuals operating out of Ampang, Selangor, Malaysia. The business was established in March 2013 and specializes in producing and selling cheese tarts in 5 flavors. The business plan outlines the company's vision, objectives, management structure, marketing strategy, and financial projections. It identifies key competitors in the area and provides sales forecasts projecting over RM1 million in annual revenue.
The business plan is for a company called Sweetbits that produces and sells various flavored sweets and snacks. The company aims to target customers with low budgets, especially students, by providing tasty yet affordable products. Sweetbits plans to ensure high product quality through careful manufacturing processes. Financially, the company forecasts earning a profit within its first week of operations. The marketing strategy involves promoting the products on campus and establishing brand loyalty through reward programs. Regulatory compliance and capital structure are also addressed in the business plan.
7-Eleven Malaysia Sdn. Bhd. is the largest 24-hour convenience store chain in Malaysia, operating 1,497 stores nationwide. Founded in 1927 in Texas, 7-Eleven first opened in Malaysia in 1984 and has since become a prominent brand known for providing customers access to daily necessities 24/7. The company targets busy adults, youth, and families by offering groceries, snacks, drinks and other convenience products, as well as services like ATMs and bill payment. While facing competition from stores like KK Mart, 7-Eleven remains dominant in the convenience store market due to its brand recognition and widespread national coverage that allows customers to easily access stores.
UCD Smurfit: Digital Merchants Business Model AnalysisLara Zaccaria
This document analyzes different digital merchandising business models including bricks and clicks, catalogue merchants, pure players, and bit vendors. It discusses the key features and challenges of each model. It also examines the characteristics of e-merchants like ubiquity, global reach, information density, and personalization. Finally, it provides an overview of Tesco's online business model focusing on their key activities, resources, value propositions, channels, and customer segments.
This document is from a chapter in an economics textbook that discusses comparative environmental frameworks and the economic environments facing businesses internationally. The chapter objectives are to understand the importance of economic analysis, compare macroeconomic indicators and economic systems, and discuss drivers of economic transition. It covers topics such as gross national income, inflation, unemployment, poverty, productivity, and the balance of payments. It also contrasts market, command, and mixed economic systems and dimensions of economic freedom.
The document outlines a marketing plan for Dream Bakers, a café and bakery located in Mardan, Pakistan. It will offer a variety of coffee, cakes, pastries and other products at competitive prices. The plan details the target market, strategies, financial projections, and controls to achieve the mission of offering high quality bakery products and becoming a leading reputable bakery in the area. It analyzes competitors, trends, and provides breakdowns of expenses, cash flows, and the breakeven point. The marketing team will implement strategies around pricing, promotion, and product/service quality to attract customers and achieve financial objectives.
The document discusses key aspects of services marketing. It notes that the service sector makes up a large portion of economic activity and employment in most developed economies. Services range from those provided internally by organizations to their external customers. There are also four main categories of services defined by whether they process people, possessions, mental stimuli, or information. The characteristics of services, including intangibility and variability, have important implications for marketing strategy. Firms must consider customer involvement in production and the role of employees, as well as how to effectively design service delivery processes and channels.
This chapter discusses the importance of studying services marketing. It notes that services now account for over 60% of global GDP and are the strongest growth area for marketing. It defines services as economic activities offered by one party to another that employ time-based performances to bring about desired results, with customers obtaining value through access rather than ownership. Key factors transforming the service economy include advances in technology, globalization, changes in business trends and government policies, and social changes. The chapter categorizes services and differentiates between service products, customer service, and after-sales service. It also presents a process perspective for understanding services.
The document discusses the importance of adopting a market-driven strategy that begins with understanding customers and competitors in order to create superior value. It outlines the key characteristics of becoming a market-oriented organization such as acquiring market information, developing distinctive capabilities, and aligning organizational structure and processes around satisfying customer needs. The challenges of implementing a market-driven strategy in today's global and technologically changing environment are also addressed.
Services account for over 60% of the world's GDP and most new employment. Marketing of services differs from products in several key ways: services are intangible, perishable, inseparable from their production and delivery, and variable. The 8Ps marketing mix framework expands the traditional 4Ps to address the unique characteristics of services, including elements like process, physical environment, and people. Properly understanding customer involvement in the co-production of services is vital, as illustrated by the servuction model which maps the visible and invisible factors shaping the customer experience.
O documento descreve o catálogo de produtos da CILIPARTS, incluindo cilindros de ignição e peças para vários modelos de veículos da General Motors, Volkswagen, Fiat, Mercedes e Ford. A CILIPARTS está ampliando sua linha de produtos para fornecer mais opções para clientes.
The document discusses developing service concepts, including distinguishing core and supplementary elements. It describes augmenting the core product with supplementary services and delivery processes. Flowcharts can document the sequence of service delivery over time. The "Flower of Service" model identifies core products and two types of supplementary services - facilitating and enhancing. There are various branding alternatives for services. New services can be developed through reengineering processes, using physical goods as ideas, and research.
This document summarizes Michael Porter's Five Forces model of competition. It was developed by Michael Porter to analyze industry structure and competition. The five competitive forces are: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products, and competitive rivalry between existing competitors. The document explains each of these forces and factors that influence the degree of each force within an industry.
The document provides an overview of factors that influence consumer behavior, including cultural, social, personal, and psychological factors. It discusses theories of motivation from Freud, Maslow, and Herzberg and key psychological processes of perception, learning, emotions, and memory. It also outlines the consumer decision process and models of low-involvement decisions. Behavioral factors like heuristics, framing, and mental accounting are examined in relation to how consumers sometimes stray from rational decision making.
The document discusses market segmentation and targeting. It defines a market segment as a group of customers who share similar needs and wants. It identifies different ways to segment consumer markets, including geographic, demographic, psychographic, and behavioral segmentation. The key requirements for effective segmentation are that the segments are identifiable, substantial, accessible, differentiable, and actionable. Companies must also choose the most attractive target markets to enter.
The document discusses market segmentation and targeting. It defines a market segment as a group of customers who share similar needs and wants. It identifies different ways to segment consumer markets, including geographic, demographic, psychographic, and behavioral segmentation. The key requirements for effective segmentation are that the segments are identifiable, substantial, accessible, differentiable, and actionable. Companies must also choose the most attractive target markets to enter.
The document discusses the market opportunity for mobile virtual network operators (MVNOs) targeting small and medium-sized enterprises (SMEs). SMEs represent a large percentage of business customers and revenues but are often overlooked as a segment. To effectively target SMEs, an MVNO needs to accurately segment the market, design products that meet the specific needs of SMEs, and identify efficient marketing channels for this segment. Private mobile networks using technologies like nanoGSM are presented as a potential solution that could allow an MVNO to provide services tailored for SMEs.
Final version of bottle flask proposal English for Management UTAR UTAR
5.3 Benefits
6.0 Proposed Plan
6.1 Marketing Strategies
6.1.1 Campaign on Social Media
6.1.2 YouTube VLOG advertising
6.1.3 Roadshow
6.1.4 Sponsoring events
runner-up of the race will get The Season Flask as an award.
6.1.5 Product launch party
7.0 Timeline
9.0 Proposed Budget
1.0 Executive Summary
2.0 Introduction
3.0 Objectives
4.0 Situation Analysis
4.1 SWOT Analysis
4.1.1 Strength
4.1.2 Weaknesses
4.1.3 Opportunity
4.1.4 Threats
4.2 Result of Market Survey
5.0 Description of the Proposed Product
5.1 Product
5.2 Target audience
From Sustainability Trends and Labelling - to Real Business Actions and Value...Revista H&C
This document summarizes a presentation on sustainability trends in the household cleaning products industry. It notes that green claims are increasingly common but often vague and unsubstantiated. Consumers want more education on sustainability claims. The presentation identifies five key sustainability issues for the industry and argues that enzymes can help address these issues and provide benefits like high performance at low temperatures. It provides examples of brands that have grown by incorporating stronger sustainability messages and scientific documentation of their products' environmental profile through life cycle assessments.
This marketing plan summarizes Tervis Tumbler's mission to create trendy and environmentally friendly reusable tumblers made in America. It outlines competitive products and analyses strengths, weaknesses, opportunities, and threats. The plan sets a SMART goal to sell 10,000 tumblers in Ventura County by end of 2014. It describes the product strategy including life cycle, core/actual/augmented products, packaging, and brand. Promotion strategies include word of mouth, advertising, sales promotions and a website. Pricing objectives are to increase market share while maintaining profit. Financial projections estimate $2-5 profit per tumbler.
Green drinking pitch deck final by jaderJader Beltre
Green Drinking is a startup founded by Jader Beltre, Cristopher Thomson, and Edgar Delgado to address the problem of easily and conveniently sterilizing reusable water bottles. Their solution is an electronic device called Green Drinking that uses UV light to sterilize bottles in less than 30 seconds. Green Drinking will have three models for institutional, industrial, and home use. They are seeking $100,000 to finalize production of the three models, obtain patents, build a website, and launch the product. The founders believe Green Drinking can help reduce waste from disposable cups and bottles which contributes to global warming.
The document is an internship report prepared by two interns, Zeeshan Ahmed and Sharjeel Zaheer, for their internship at the Chemical Engineering department of Novatex Limited from May 24th to June 23rd, 2012. It provides an overview of Novatex Limited and its parent company, Gatron (Industries) Ltd, including information on the company history, products, production processes, and departments visited by the interns during their time there such as polycondensation, batch preparation, utilities, and the laboratory.
This document provides an analysis of issues facing Nestle due to a Greenpeace video criticizing Nestle's palm oil sourcing practices. It identifies loss of customer trust and loyalty, negative publicity, and loss of business to competitors as key threats. The document evaluates alternatives for Nestle to address the problem, recommending a media statement and supply chain amendments, along with appointing a compliance manager and implementing a supplier code of conduct with training and quarterly assessments. It also outlines a contingency plan and concludes that timely communication and ensuring brand image is critical to resolving the issue.
New Product Audit PowerPoint Presentation SlidesSlideTeam
Deliver best of the products and services using professionally designed content-ready New Product Audit PowerPoint Presentation Slides. Conduct brainstorming session, evaluate ideas, assess market trends, analyse competition, prepare for launch and more with new product audit PPT presentation templates. Using this ready-made new product audit PPT presentation slides for better development of the product. Ensure you meet customer’s expectations and deliver best of the products to the consumers. Have a competitive edge in the market with new product audit PowerPoint presentation templates. This deck covers templates such as product analysis example, new product portfolio management, strategic opportunity matrix, detailed analysis, product performance, detailed analysis, product analysis, category analysis, porter’s five forces model, etc. These templates are editable. You can use these slides as per your requirement. Create your own strategy of bringing newly developed product in the market with our ready-to-use new product audit PowerPoint presentation slideshow. Define the agenda with our New Product Audit Powerpoint Presentation Slides. Establish the criteria to be fulfilled.
Highlights Newsletter Tetra Pak Arabia Dec 2008raufhameed
The document discusses a study on awareness of osteoporosis in Gulf countries. Key findings include:
- Awareness of osteoporosis is high among Gulf residents, especially women and older people.
- Many associate the disease with weak bones and think its main symptom is joint/muscle pain.
- While most think osteoporosis affects women more, views in Saudi Arabia, Bahrain and Kuwait were that men are more susceptible.
- Regular milk consumption is seen as preventative due to its calcium content, though some in the Gulf find milk unpleasant to drink.
Weatherchem has been known for quality dispensing closures in the spice and seasonings market. But look - we have much more to offer today, because we listen to our customers and innovate to solve their problems!
Green Drinking is an electronic device that washes and sterilizes bottles and cups using UV light in less than 30 seconds. It aims to reduce waste from disposable drink containers. The founders are seeking $100,000 to finalize the product, obtain patents, and build a website. Green Drinking will have three models for institutional, industrial and home use to appeal to a broad market including hospitals, schools, coffee shops, and parents of babies. The product aims to help cities reduce waste and meet sustainability goals while providing a fast, convenient way for users to clean drinkware and do their part for the environment.
Running head BUSINESS SUSTAINABILITY Business Sus.docxjoellemurphey
Running head: BUSINESS SUSTAINABILITY
Business Sustainability
Name
Institution
Date
BUSINESS SUSTAINABILITY 2
Business Sustainability
This is the management of the environmental, social and financial demand so
as to attain the ethical, responsible and on-going success of the company or
organization. Sustainability is generally where the company satisfies the demands of
the customers, workers and the environment so as to attain the success of the
organization.
Sustainability is geared by three main themes. These are ecology, society and
economy. Any company is supposed to satisfy the ecological needs of the
environment so as to maintain the success. This is because customers are not
attracted by an organization which is not concerned with the conservation of the
environment (Carroll & Buchholtz, 2014).
Society sustainability is where the company tries to satisfy the demands of the
consumers by giving the quality products. This is because consumers are attracted
to organizations which are producing quality products so as to satisfy their needs.
Economical sustainability is whereby the company comes up with strategies which
will help them to catch up with the growing economy of the country, and also observe
the prices of their products so that they may not be higher than the economical level
of the country. When prices are high the consumers tend to go to the competitors of
the organization who sell their products at a cheaper price.
Businesses define sustainability as the ability and process of satisfying the
needs of the consumers so as to attract more customers than their competitors.
They focus on ecology, society and economical sustainability (Carroll & Buchholtz,
2014). Companies tend to come up with campaigns for conservation of the
environment and production of environmental friendly products so as to attract
BUSINESS SUSTAINABILITY 3
customers. For example, since 1990 Top Shelf Company was dominating the shoe
industry in the world. But by the year 2001, another company came up and started
producing shoes which would not pollute the environment. It was even found out that
Top Shelf used methods which were not environmental friendly. This reason led to
the new company competing with Top Shelf in the market and the sales of Top Shelf
started reducing. The other definition of sustainability by businesses is that they
satisfy the needs of their workers (society) hence increasing their production. For
example, it was noticed that Top Shelf paid their workers poorly hence leading to a
reduction in the number of sales. This is because customers are attracted to the
organizations which are observing the rights of the workers and consumers. Top
Shelf used to pay their workers poorly so as to reduce the cost of production but this
led to a decrease in the number of sales when a competitor company came up.
Very many businesses are comi ...
Green Drinking is an electronic device that washes and sterilizes bottles using UV light in less than 30 seconds. It aims to reduce plastic waste from single-use water bottles and cups. The device will come in three models - institutional for places like hospitals and schools, industrial for coffee shops, and home base for personal use like sterilizing baby bottles. The $100,000 investment will allow the company to finalize production, obtain patents, and build a website to market the more environmentally friendly product.
1 Exercise 1 THE CALORIE INTRODUCTION A.docxaryan532920
1
Exercise 1
THE CALORIE
INTRODUCTION
All animals, including humans, need to consume energy in order to survive. We
call this energy food. The unit which is used to describe the energy content of food is
the Calorie (food calorie, note the capital ‘C’). One calorie (note the lower case ‘c’) is the
energy required to raise one gram of water by one degree Celsius. The food Calorie is
defined as 1000 calories or one kilocalorie (kcal). Most scientists not dealing with food
now use other units such as joules or British Thermal Units (BTUs) to measure energy,
but the Calorie is still used to describe food energy.
The Calories in food are measured using a CALORIMETER, which is a special
combustion device designed to burn food samples completely and capture the energy in
a water jacket. For a 100% efficient calorimeter, the energy captured is equal to the
energy content of the food as shown below:
Energy captured = (mass of water) ´ c ´ (Temp. change) = Energy Content (1)
The constant c is the specific heat of water and is equal to 1
Cg
cal
°
(one calorie per
gram per degree C). In our case, however, the calorimeter we use will capture only a
fraction of the total energy, so we must account for this reduced efficiency.
THE CALORIMETER
The device that scientists use to capture the heat energy of a combustible mixture
is a bomb calorimeter. It is a metal chamber which is supplied with a measured amount
of oxygen during the combustion of the test material. The heat from the burning
material is transferred to a water reservoir that surrounds the metal chamber containing
the test material. The change in temperature is used to determine the number of calories
that the material originally held. A bomb calorimeter is very nearly 100% efficient. It is
also very dangerous (thus the name ‘bomb’ calorimeter) and so we will use a simpler
(but less efficient) type of calorimeter.
A SIMPLE CALORIMETER
The simple but effective calorimeter we will use consists of a calorimeter can (a
metal cylinder with a notch out of the bottom), a calorimeter lid to hold a 125 ml flask, a
flask stopper and thermometer, a sample holder and some tools. Each group of students
will have their own calorimeter to use. Because these simple calorimeters are not 100%
efficient, the water will not capture all of the energy content of the food. Therefore, the
equation for this calorimeter must be modified to:
Energy captured = (mass of water) ´ c ´ (Temp. change) = Energy Content ´ e (2)
where e is the efficiency of energy capture by the water. With this equation and a food
item of known caloric content, we can determine the efficiency of our calorimeter and
2
explore why the efficiency might vary from one group to another. Once a consistent
efficiency is achieved, we can use that efficiency to determine the caloric content of any
combustible item.
OBJECTIVES:
1) To measure the energy content of a food sample. ...
The document discusses various topics related to the energy drink market including its history, types of products, key companies, and growth over time. It provides details on the lifecycle of products in the market and factors that influence it such as new entrants, customer needs, and marketing strategies. New opportunities for products catering to specific needs are also mentioned.
This document provides an introduction and overview of refrigerator technology and the refrigerator industry. It discusses the basic refrigeration process, the different types of refrigerators (manual defrost, partial defrost, and frost-free), marketing and trends in the refrigerator industry, objectives and hypotheses of the study, and the research methodology used including primary and secondary data collection. The overall purpose is to understand refrigerator energy usage and purchasing behaviors.
This report analyzes potential international market opportunities for the German bottled water company Gerolsteiner Brunnen GmbH & Co. It finds that the Chinese market has the highest expected growth rates for bottled water sales and presents the best opportunity for expansion. The report recommends that Gerolsteiner initially export products to China to gain experience, then establish distribution through independent representatives. In the longer term, a joint venture with a leading Chinese bottled water company could allow Gerolsteiner to leverage local knowledge for further market penetration and growth in China.
A Microscale Spproach to Organic Laboratory Techniques by Donald L. Pavia.pdfANAYNALLELYLAPON
The purpose of this current edition of the microscale lab book is to teach students the techniques of organic chemistry. We desire to share our joy and love of the organic chemistry lab with our students! In this edition, we include many new up-to-date experiments that will demonstrate how organic chemistry is evolving. For example, there are new experiments involving nanotechnology and biofuels. We also include several new experiments based on Nobel Prize awards, such as using organometallic catalysts for synthesis (Sonogashira Coupling of Iodosubstituted Aromatic Compounds with Alkynes Using a Palladium Catalyst and Grubbs-Catalyzed Metathesis of Eugenol with 1,4-Butendiol to Prepare a Natural Product). Also included is a synthesis of the pharmaceutical drug Aleve® (naproxen) in a projectbased experiment. This experiment includes a resolution step and makes extensive use of NMR spectroscopy. There are several new Green Chemistry experiments, and the “green” aspects of experiments from our previous book have been improved. We think that you will be enthusiastic about this new edition. Many of the new experiments will not be found in other laboratory manuals, but we have been careful to retain all of the standard reactions and techniques, such as the Friedel-Crafts r eaction, the aldol condensation, Grignard synthesis, and basic experiments designed to teach crystallization, chromatography, and distillation.
Temperature consistency when a PCM oscillates between solid and liquid phases is where a truly good refrigerant comes in handy. It matches the temperature of the product while it is going through its phase change, making it ideal for temperature sensitive applications.
The document discusses strategies for Tai Pei, a frozen Asian food brand, to appeal to Millennial consumers ages 18-25. It outlines research conducted including social media listening, focus groups, surveys, and interviews. Key findings show Millennials want variety, value, and convenience. The document proposes a brand platform that Tai Pei understands the complicated lives of Millennials and offers solutions to make life more flavorful and manageable. Three creative concepts are presented: "Almost Completely Prepared", "Meal Time on the Line", and "Shortcuts". A variety of tactics are suggested including outdoor, in-store, online video, and television.
1. TempSleeve
! !
Hot and Cold on the Go
By: Adam Lehman, Caroline Ryniec, Ayda Tahmasbi, Eric Yee, Breannah Yeh
TempSleeve is a product that encapsulates beverage containers and allows the user to alter the
temperature of liquids through the use of exothermic and endothermic chemical reactions.
2. SWOT Analysis
Strengths
Inexpensive to Produce: TempSleeve requires minimal materials and is affordable to produce.
Neoprene costs $1.57 per square foot (Foam Order, 2015) and the chemicals cost $1.18 per
pound for ammonium nitrate (Ammonium Nitrate, 2015) and $1.35 per pound for magnesium
powder (Magnesium Powder, 2015). The total cost of production is about $2 per TempSleeve,
allowing for an affordable purchase price for consumers (See Appendix Calculation #1).
Unique Features: TempSleeve offers the option of heating and cooling bottled liquids, providing
customers with the ability to conveniently adjust the temperature of their bottled liquids. These
elements are the most important to survey respondents (Qualtrics, 2015). The heating element
can even be used to heat soup containers for on-the-go backpackers. Additionally, the neoprene
sleeve protects the water bottle from dents, creates buoyancy, maintains temperature, and
provides a good grip (Neoprene Polychloroprene, 2015).
Weaknesses
Non-Reusable Packets: The inner packet of the sleeve containing the heating and cooling
chemicals cannot be reused once the reaction is activated. It must be replaced after each use.
Inexperienced Management: As undergraduate students, no member of the management team
has experience running a business. Managing a supply chain and working with retailers are
foreign to the team members and will require time and experience for TempSleeve management
to develop these skills.
Opportunities
Sports Retailers: The projected 2.6% annual growth rate of the sporting goods industry from
2010-2015 has led to increased number of sporting good retailers (Sporting Goods, 2015). This
means there will be numerous locations at which the product can be sold.
Outdoor Recreational Events: Outdoor conventions, which each attract about 53,000 attendees
annually, will give TempSleeve exposure and attract outdoor enthusiasts, the target customer
base (Miller, 2015). These events also contain potential company partners. There are numerous
events throughout the year, such as the GoPro Mountain Games. (Exhibitors, 2014).
Social Media: Outlets such as Instagram, Twitter, and Facebook allow for opportunities to gain
customers and increase publicity. TempSleeve could benefit from launching its own campaign,
like REI’s “#REI1440Project”, by utilizing hashtags. Viewers can engage with social media
accounts and raise awareness through their own channels (Lulu Gephart, 2015).
Threats
Competitors: The great number of water bottle companies and products makes it difficult to gain
recognition and stand-out as a new company. The homeware market is a very saturated market
containing well-known water bottle companies such as CamelBak, Hydro Flask and Thermos.
TempSleeve would be competing with Thermos, which alone holds 0.9% of the market share
(Passport, 2015).
Changing Technology: In the early 1900s, Thermos created technology to keep liquids cold for
12 hours (Thermos Technology, 2015) and in 2008, Hydro Flask created new technology that
could keep liquids cold for 24 hours (Hydro Flask, 2015). TempSleeve’s technology can be
outdated with new advancements from competitors in the future.
3. STP 1
TempSleeve, a unique bottle accessory, quickly heats or cools bottled liquids. It is
primarily targeted towards college-aged outdoor enthusiasts because they are 50% more likely
than all adults to use a product like TempSleeve (MRI, 2013). Additionally, college-educated
individuals are 34% more likely to use beverage containers than all adults (MRI, 2013). While
campers and backpackers generally do not have equipment readily available to cool or heat
their drinks and food, TempSleeve allows customers to significantly alter the temperature of
bottled liquids, like water or soup, almost instantaneously with its chemical reaction technology.
The target market, college-aged outdoor enthusiasts, are young, adventurous adults
between the ages of eighteen and twenty-four. The target user, John, is a twenty-year-old
college student who has an active interest in camping. He considers himself an eco-friendly
outdoorsman and enjoys the luxury of cool water or a can of steaming soup wherever his
adventurous spirit leads him. TempSleeve allows him to heat-up meals in areas of the
wilderness where building a campfire is not an option as well as cool his water after days of
camping when ice and cooling appliances are unavailable. As an environmentalist, John prefers
not to build a campfire to heat food because it is damaging to the environment, so he
appreciates TempSleeve’s eco-friendly alternative.
TempSleeve provides an innovative way of altering the temperature of liquids. While
there are many products in the market, such as those offered by Thermos, that help maintain
the liquid’s temperature, they do not have the ability to alter it as well. TempSleeve will attract
environmentalists because it allows campers to heat bottled liquids while avoiding building
campfires, which burn wood and emit harmful toxins, such as fine particulate matter, carbon
monoxide, formaldehyde, and sulfur dioxide, into the atmosphere (Wood Smoke, 2015). This
eco-friendly attribute is important to highlight for the target market because adults under thirty-
five years old are 53% more inclined to buy a product that is environmentally friendly (Nearly
Half of Adults, 2012).
Initially, TempSleeve will be a relatively unknown brand in the beverage container
industry. To gain consumer awareness, TempSleeve will be placed on endcaps (display sections
at the end of shopping aisles) at major sporting goods stores where it will gain visibility, promote
awareness, and distinguish itself from competing products. Establishing the brand as an
effective, time-saving method of heating and cooling liquids will make TempSleeve an industry
leader.
Positioning Maps (STP 1):
4. STP 2
TempSleeve plans to attract young-adult, outdoor enthusiasts aged 18-25, who are
looking to cool or heat their liquids on the go. TempSleeve targets males and females who camp
one or more times each year (See Table and Graph #2). This is significant because it means
that TempSleeve will not have to market its product differently to males and females.
TempSleeve is primarily targeted towards college-aged individuals and outdoor enthusiasts
because they are 50% more likely than all adults to use a product like TempSleeve (MRI, 2013).
Fifty percent of the survey respondents identified themselves as both a student and an
outdoorsman, further showing the need to target college-aged outdoor enthusiasts (Qualtrics,
2015) (See Table and Graph #4).
TempSleeve's primary competitor is Thermos. Thermos’ insulating products have the
ability to maintain the temperature of bottled liquids, while TempSleeves’ enable consumers to
alter it. On a five point scale, the mean response from survey respondents showed TempSleeve
to rate 0.9 points higher than Thermos in both heating and cooling abilities. This shows that
TempSleeve provides a greater perceived value on two of the product’s most important
attributes. Over 90% of survey respondents believe the heating and cooling aspect of
TempSleeve is important (Qualtrics, 2015). This interest in the product being able to heat and
cool beverages or food demonstrates the appeal of TempSleeve, which would be the only
product on the market to do this. At $15 per sleeve, 6.3% of survey respondents would buy the
product (Qualtrics, 2015).
Eco-friendliness is important to the TempSleeve company as well as the consumers, as
evidenced by the fact that 93.5% of survey respondents claimed to be concerned about the
environment (Qualtrics, 2015) (See Table and Graph #5). This attribute allows TempSleeve to
market itself as environmentally friendly and promote sustainable practices in the manufacturing
and distribution process. By providing a feature that target customers are concerned about,
TempSleeve creates value.
Convenience is also important to TempSleeve, and 77% of survey respondents reported
they would purchase TempSleeve at sporting goods stores, which sell goods that cater to the
outdoorsman lifestyle (Qualtrics, 2015) (See Table and Graph #9). The target user, Pat, is a 19-
year-old student at Cal Poly who regularly goes camping with his group of male and female
friends. He often goes on these camping trips during spring and summer breaks, and finds the
water to be very warm during the day in the streams he comes across. With Pat's TempSleeve
however, combined with the cooling inserts, he can make his water ice cold after it has been
filtered into his bottle. At night, he can easily heat a can of soup with his TempSleeve without the
hassle or the damaging environmental effects of a campfire. Pat also appreciates that
TempSleeve takes up little room in his day pack so it is convenient to take with him wherever he
may hike to, no matter how many days his trip lasts.
Positioning Map (STP 2):
(Qualtrics, 2015)
Graph #4:
Sample Size Psychographic: Identity
5. Product Strategy
TempSleeve offers individuals the ability to alter the temperature of a beverage
container’s contents in an efficient and convenient way. TempSleeve’s portability makes it ideal
for college-aged outdoor enthusiasts who are regularly on the go. The product’s heating and
cooling abilities are the most important attributes for the target market (See Table and Graph
#1). Individuals enjoy being able to quickly alter the temperature of their drinks, especially by
heating. Simplicity is another of TempSleeve's key characteristics, which is best demonstrated
by its easy-to-use technology. (Qualtrics, 2015).
TempSleeve will be sold in a small, 3x8x1.5 inch, cardboard box containing the sleeve
and four packets, two for heating and two for cooling. A cardboard box is used because it is
lightweight, weighing only 50 grams (Carton Packaging, 2015). The company logo is a
snowflake on fire, representing TempSleeve’s most attractive features, cooling and heating. The
logo will be printed on the box and the sleeve to clearly identify and distinguish the company
from competitors. Since the product is simple to use, the directions can be printed and
illustrated on the box. Because the contents of the chemical packets contain either an oxidizer
or a fuel they will require typical Hazmat shipping procedures, including special labeling and
mandatory delivery confirmation (Hazardous Material, 2015).
To promote customer satisfaction and loyalty, TempSleeve also comes with a money
back guarantee if returned within 30 days, which is identical to what Thermos offers (What
Matters to Us, 2015). This applies to the sleeve itself, in case it is damaged or ripped while in
use, as well as the packets, if the chemicals fail to activate correctly. This warranty allows
customers to feel confident about their purchase.
The cardboard will be made of 100% recyclable material in order to further
TempSleeve’s environmentally friendly image. This is key because 75% of respondents believe
it is important or very important that a product is eco-friendly (See Appendix Calculation #6)
(Qualtrics, 2015). To appeal to the environmentally-conscious side of the target market, the
color of the box will be brown, which experts claim “can represent anything from peace and
calm to wholesomeness and reliability” and also is considered “the epitome of nature” (Cousins,
2015). The cardboard box will include a small circular cutout on the back through which
customers may feel the neoprene and realize its durability. Its simplicity will be used to attract
consumers, just as many products in the market appeal to the customer through simple
packaging (Hemsworth, 2015).
Graph #1:
Attribute Comparison & Importance
6. Place Strategy
The TempSleeve distribution process will begin with the production of the neoprene
sleeves at Accurate Products, an Illinois based company specializing in rubber products
(Accurate Products, 2015). Next, Pack Service Co. (PSC), the primary packager and distributor,
will use trucks to ship the sleeves from Accurate Products to the PSC warehouse in Texas. PSC
offers premium products and customized services, like supplying bulk chemicals and providing
quality control, essential for the manufacturing of the heating and cooling chemicals (Services,
2015). PSC will manufacture the insertable heating and cooling packets, and then package the
packets with the sleeves to be sold together as a single product. PSC will also print the name,
logo, and basic instructions onto the package. Once the final product is fully packaged, PSC will
truck the TempSleeves to various retailers on and near college campuses.
Ninety-one percent of survey respondents expect to find TempSleeve in sporting goods
stores (Qualtrics, 2015), and placing the product near universities will provide easy access for
the primary target customer. Additionally, the U.S. personal consumption expenditures for
sporting equipment and supplies is forecasted to grow at an annual compounded rate of of 2.6%
between 2012-2016 (Sporting Goods Stores, 2015). This increasing trend for shopping at
sporting goods stores will improve TempSleeve’s visibility in the market, being sold at well-
known outdoor supply stores that appeal to outdoor enthusiasts, such as Dick’s Sporting Goods.
TempSleeve will operate only within California in the early stages as it is based in San
Luis Obispo and does not have the adequate resources to market across the country. To keep
risk to a minimum, the product will first be distributed to nearby universities in California,
including UC Davis and Cal Poly. These colleges are prime locations for the product’s target
market because they offer clubs and programs, such as UC Davis’s Outdoor Adventures and
Cal Poly’s Poly Escapes, that attract many college-aged outdoor enthusiasts (UC Davis, 2015;
ASI Cal Poly, 2015). From this select group, data will be collected and analyzed to help
determine how the company should proceed. After TempSleeve makes the necessary changes
and has a sizeable market share in California, it will expand and begin marketing in other
regions across the country.
!
Graph #9:
Expected Place of Purchase
7. Promotion Strategy
TempSleeve’s advertising thrust, “Hot and Cold on the Go,” highlights the product’s
uniqueness, being lightweight, compact and able to heat or cool bottled liquids. Ninety percent
of survey respondents consider TempSleeve’s strongest attribute its ability to change the
temperature of bottled liquids (See Appendix Calculation #7). Furthermore, 72.5% of survey
respondents consider TempSleeve lightweight and compact, or “convenient”, in comparison to
competitors (See Appendix Calculation #8). By focusing on these attributes, consumers will
recognize the product’s value proposition. (Qualtrics, 2015).
A pull promotion strategy will communicate TempSleeve’s advertising thrust directly to
customers, utilizing social media campaigns, college newspapers, and outdoor conventions.
The promotion strategy focuses on college-aged outdoor enthusiasts in California, and once the
product has gained enough recognition, will expand nationally. Since the product’s target market
involves millennials, known for social media activity, utilizing social media will effectively reach
them (Bennett, 2014). Consumers will be asked to use #WearYourSleeve to share different uses
and experiences of TempSleeve. Gamification will be implemented: the company will choose a
best hashtag user and offer a free TempSleeve each month on each social media platform
(Facebook, Twitter, and Instagram). Campus newspapers, such as Mustang News, would also
serve to reach the college-aged demographic. Lastly, using outdoor conventions, such as
GoPro Mountain Games, will reveal TempSleeve as a new, revolutionary product and establish
connections with other outdoor enthusiasts and companies.
A push marketing strategy will conveniently get the product into customer’s hands.
TempSleeve will contact and negotiate with retailers near and on college campuses, such as
Dick’s Sporting Goods and the University Store, to stock the product since 91% of survey
respondents would expect to purchase TempSleeve at these locations (See Appendix
Calculation #9) (Qualtrics, 2015). TempSleeve will also utilize personal selling at outdoor events,
such as festivals and outdoor conventions, establishing more personal relationships with
customers.
The company will gain exposure through publicity by enabling customers to rate the
product and share their experiences over social media. Thirty-five percent of survey
respondents most expected social media as the channel of promotion (See Table and Graph
#10). In order to initiate the product’s social media movement, customers will receive a 10%
discount incentive for uploading demonstration videos of the product on social media and
challenging their friends to do the same.
TempSleeve will also use sales promotions, such as free samples and coupons, to get
the product to more people who may be hesitant to try it. Up to 1,000 free TempSleeves will be
given out at outdoor event and festival campsites popular among college-aged individuals, such
as Coachella, to demonstrate the product’s usefulness. The target age range makes up 57% of
Coachella attendees, so this strategy will be an effective means of reaching potential customers
(Music Festival Study, 2014). Additionally, college students will receive a 20% discount on their
first purchase upon showing their college identification card. Coupons offering 10% off on
chemical packets will be placed in college-campus newspapers, covering the 7.5% California
sales tax (Tax Rate, 2015).
Graph #1:
Attribute Comparison & Importance
Graph #10:
Expected Channel of Promotion
8. Pricing Strategy and Financials
TempSleeve is an inexpensive product to produce, requiring only neoprene to make the
sleeve and small packets of ammonium nitrate and magnesium powder to cool and heat,
respectively. Each packet needs 10 grams of either chemical to heat the liquid from 60 degrees
to 140 degrees, or cool the liquid from 70 degrees to 35 degrees. Each sleeve requires 115
square inches of neoprene. Neoprene material cost $1.57 per square foot (Foam Order, 2015),
or $1.88 per sleeve. The cost of the chemicals will be $1.18 per pound of Ammonium Nitrate
(Ammonium Nitrate Company, 2015) and $1.35 per pound of magnesium powder (Alibaba,
2015). Each pack of chemicals costs an average of $0.03. The total cost of making one
TempSleeve is $2.00. (See Appendix Calculation #1). The estimated cost of shipping from the
manufacturing sites to TempSleeve, located in California, is $4,500 (Services, 2015). Lastly,
$200,000 will go to administrative and salary expenses to fairly compensate employees..
Survey respondents are more likely to purchase TempSleeve for $15 compared to $10,
supporting the perceived quality of TempSleeve (Qualtrics, 2015) (See Table and Graph #8).
Based on calculations, 6.3% of people would buy TempSleeve for $15, compared to only 4.1%
of people for $10 (see Appendix Calculation #2 and #3). The target market is 22,191 people,
since TempSleeve understands it is impossible to reach all college students in California and
therefore plans to intially target 25% of them (Simon, 2015) (See Appendix Calculation #4). In
the second year, TempSleeve plans to reach 70% of all college students in California.
TempSleeve plans to expand outside of California beginning the third year. The price inelasticity
of demand is calculated to be 0.14, meaning customers are not price sensitive and will purchase
the product with little regard to price changes (See Appendix Calculation #5). At this price, there
is an estimated profit margin of $13 per sleeve and a projected revenue of $332,872.
TempSleeve will offer a 20% discount to college students as an incentive to purchase
the product for the first time, since college students, earn an average income of $8,935.30 in the
United States, and are less likely to have a large disposable income (Current Prices, 2015) (See
Table & Graph #14). A tear-out coupon, offering 10% off repurchasing chemical packets, will be
offered in the Mustang News. The use of coupons are proven effective since 49% of shoppers
regularly use coupons (Proquest, 2014).
To launch the product, each group member will invest $2,000 each to cover the cost of
raw materials, transportation, and advertising campaign. To create awareness of the product,
the company plans to purchase advertising spaces in local newspapers and rent booths at
outdoor conventions. The cost of placing ads in the local newspaper and Mustang News’
website will be $350 per banner ad (Mustang News, 2015). Booths will cost around $850 each
(Outdoor Retailer, 2015). TempSleeve will also hand out up to 1,000 free samples at five of
these conventions, which is a promotional expense of $10,000 to the company. The benefit of
getting the product known will outweigh the cost. Subtracting expenses, TempSleeve plans to
earn a net income of $69,790.
Target Market:
704,492 ←(2,817,968 college students in California x 25% expected to reach in year 1)
x 6.3 % that would buy TempSleeve for $15
x 50 % of college-aged outdoor enthusiasts.
22,191
9. Percentage of people that would buy TempSleeve for $15:
Very likely 4 25% 1
Likely 3 5% .2
Somewhat Likely 4 1% .04
1.19
1.19/19=.063 = 6.3%
Price Inelasticity of Demand:
(1.19-1.11)/1.11 = 0.07
(15-10)/10 = 0.50 0.07/0.50 = .14
Graph #8:
Likelihood of Purchase at Specific Price
!
20. Table & Graph #14:
!
Calculations:
1:
!
2: % of people that would buy TempSleeve for $15
!
Very likely 4 25% 1
Likely 3 5% .2
Somewhat Likely 4 1% .04
1.19
1.19/19=.063 = 6.3%
21. 3: % of people that would buy TempSleeve for $10
!
Very likely 3 25% .75
Likely 6 5% .3
Somewhat Likely 6 1% .06
1.11
1.11/27=.0411 = 4.1%
4: Target Market:
704,492 ←(2,817,968 college students in California x 25% expected to reach in year 1)
x 6.3 % that would buy TempSleeve for $15
x 50 % of college-aged outdoor enthusiasts.
22,191
5: Price Inelasticity of Demand:
(1.19-1.11)/1.11 = 0.07
(15-10)/10 = 0.50 0.07/0.50 = .14
6: Eco-Friendly
Very Concerned: 15
Concerned: 28
43 43/46 = 93.5%
7: Importance of Heating and Cooling Liquids
Important Very Important
Cooling 22 18
Heating 22 20
48 38 86/96= 90%
22. 8: Importance of Lightweight & Compact
Important: 12
Very Important: 17
29 29/40 = 72.5%
9: Place of Purchase
Sporting Goods Stores: 33
University Store: 6
39 39/43= 91%
Qualtrics Survey:
!
27. Works Cited
Ammonium Nitrate Company. (2015). Retrieved from http://www.ammoniumnitrate.company/
ASI Cal Poly. (2015). Retrieved from http://www.asi.calpoly.edu/poly_escapes
Bennett, S. (2014, November 11). Millennials Love Social Media And User Generated Content
[INFOGRAPHIC]. Retrieved from http://www.adweek.com/socialtimes/millennials-social-
content/502984
Care and Use. (n.d.). Retrieved from http://www.thermos.com/careuseCoolers.aspx
Carton Packaging. (2015). Retrieved from http://www.pyr.fi/eng/forms/packaging-data-
declaration-form/packaging-weight-units.html
Cousins, Carrie. (2015). Color and Emotion: What Does Each Hue Mean? Retrieved from
http://tympanus.net/codrops/2012/04/03/color-and-emotion-what-does-each-hue-mean/
Current Prices. (2015). Global Market Information Database. Retrieved from
http://www.portal.euromonitor.com/portal/dashboard/Statistics
Exhibitors. (2014). Retrieved from
http://www.greatamericanoutdoorshow.org/exhibitors/exhibitor-info.aspx
Hazardous Materials. (2015). Retrieved from http://www.fmcsa.dot.gov/regulations/
hazardous-materials/how-comply-federal-hazardous-materials-regulations
Hemsworth, M. (2015). How a Simple Packaging Design Can Catch Eyes in a Cluttered
Market. Retrieved from http://www.trendreports.com/article/simple-packaging-design
Hydro Flask. (2015). Retrieved from http://www.hydroflask.com/pages/hydro-flask-technology
Leonidou, L. C., Katsikeas, C. S., Fotiadis, T. A., & Christodoulides, P. (2013).
Antecedents and Consequences of an Eco-Friendly Export Marketing Strategy:
The Moderating Role of Foreign Public Concern and Competitive Intensity. Journal
Of International Marketing, 21(3), 22-46.
Simon, L. (2015, June 3). Personal interview.
Lulu Gephart on How REI Created a Sustainable User-Generated Content Resource -
SocialMedia.org. (2015, January 13). Retrieved from http://www.socialmedia.org/blog/
lulu-gephart-rei-created-sustainable-user-generated-content-resource/
Magnesium Powder. (2015). Retrieved from
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for_60113520170.html
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ection=&PageActionOptions=&TransactionID=3&Repeatable=0&T=167vCyX9t7wRYIuK5
SUgON
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m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=1&Repeatable=0&T=5Anhzr0fsD0OBVsVt
m9OhS
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29. ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
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m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=1&Repeatable=0&T=5Anhzr0fsD0OBVsVt
m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=2&Repeatable=0&T=5qTWIiaU7jxATvEI0Y
4udh
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=1&Repeatable=0&T=5Anhzr0fsD0OBVsVt
m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
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m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
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m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=1&Repeatable=0&T=5Anhzr0fsD0OBVsVt
m9OhS
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ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=1&Repeatable=0&T=5Anhzr0fsD0OBVsVt
m9OhS
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ControlPanel/?
ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
ection=&PageActionOptions=&TransactionID=1&Repeatable=0&T=5Anhzr0fsD0OBVsVt
m9OhS
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ControlPanel/?
ClientAction=setActiveReport&Section=RP_0uJ9tYFFNDzKMkt&SubSection=&SubSubS
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m9OhS
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