Developing savory rosti-crsps (cast study 6)
Most people see the snack market as dynamic and innovative, but actually it is surprisingly conservative. Most of what passes for product innovation is in fact tinkering with our marketing approach, things like special offers, promotion tie-ins and so on. We occasionally put new packs round our existing products and even more occasionally we introduce new flavors in existing product ranges. Rarely though does anyone in their industry introduce something radically different. That is why project Orlando is both exciting and scary Monica Allen, Technical Vice-President of PJT’s snack division, was commenting on a new product to be marketed under PJT’s best-known brand ‘Dreddo Dan’s Surfer
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This had convinced the company the Orlando was worth significant investment and it had been giving priority development forward. She decided to put together a dedicated project team to oversee the development. “It is important to have representatives from all relevant part of company. Although the team will carry out much of the worked themselves, they will still need the corporation and the resources of their own departments. So, as well as being part of the team, they are also gateways to expertise around the company. ‘The team consisted of representative of marketing, the development kitchens (laboratories), PJT’s technology Centre (a development facility that served the whole group, not just the snack division), packaging engineers, and representatives from the division’s two manufacturing plants. All but the Manufacturing representatives were allocated to the project team on a fulltime basis. Unfortunately, Manufacturing had no –one who had sufficient process knowledge and who could be spared from their day-to-day activities.
Development Objectives
Monica had tried to set the objectives for the project in her opening remarks to the project team when they had first come together: ‘we have a real chance here to develop a product that not only will have major market impact, but will also give use a sustainable competitive advantage. We need to make this project work in such a way that competitors will find it difficult
The product I chose to work with is J.M. Smucker’s Uncrustables. This product has a lot of potential and I am excited to work with it. The first new product idea that I would consider developing a marketing plan for is a breakfast Uncrustable. There is a lot to work with from this perspective and I think it has numerous possibilities not only with the ingredients, but in preparation. The second brainstorming idea is to have a gluten free option. These days so many people have a gluten intolerance or a medical condition related to gluten. There are possibilities in making this product gluten free and when it comes to snacks for children there are very few options. This option I feel is very appealing to work with because of it being considered
The Rose Company is building a new plant to reduce cost, improve the quality of products, and maintain competitive leadership by gaining a slight production advantage. The main obstacles to be overcome are the commissioning of a new plant, new methods and process, and administrative reporting issues. As the newly hired General Plant Manager, I plan to resolve these issues by insisting that all plant communications flow through me, instituting training for plant personnel and setting operational expectations.
The product can be marketed effectively by fine-tuning the products attributes, price, delivery channels, and overall image for a carefully defined segment. Introducing the product into a niche segment will also ensure that Exotic Fruit Bars gains a foothold against larger more resourceful competitors, and eventually grows into a larger competitor with conceivably newer and more diversified product selections.
Cracker Jack is one of the most recognized consumer food brands in the United States. The brand possesses virtually universal awareness, holding steady at 97 percent among persons between the ages of 15 and 60. It also has an enviable 95 percent brand name awareness among heavy users of caramel popcorn. In spite of this gold mine, it is still regarded as traditional, stale, old fashioned, a product from a bygone era and less hip and less contemporary than its major rival, Crunch ‘n Munch. To add to this dilemma, the product diversification strategy that led to the development of several other versions such as Cracker Jack Fat Free, Butter Toffee, and Nutty Deluxe, in the hopes of
According to Exhibit 5, from 1985-1989, Orange crushes’ market share decreased from 22% (1985) to 8% (1989), this data shows that prior to the entrance of Coca Cola’s Slice and Pepsi’s Minute Maid, Orange Crush had more of the market share which at the time, they were positioned toward groups between the ages of 13-40. Since 1985, Crush repositioned itself to target individuals between the ages of 12-17.
The following marketing plan forms the basis for the introduction of an innovative new product by Snyder’s-Lance Inc. This analysis allows me to outline the best strategies to follow for the achievement of the company’s strategic goals. “Pretzel Abobodas” will be marketed as a unique flavored pretzel that targets the Hispanic consumer, while striving to reinforce the company’s focus on wanting to penetrate the Hispanic market. The marketing strategies will hopefully enable our company to
Marketing executives at Cadbury Beverages, Inc. want to re-launch the following brands: Crush, Hires, and Sun-Drop soft drinks. However, Cadbury has seen several challenges arise in the eve of their next attempt to lead the market. Senior marketing executives decided to focus generally on the Crush brand of fruit flavored carbonated beverages. The key issues that were foreseen by Cadbury executives were the rejuvenation of the bottling network, figuring out brand equity, and develop new positioning. Lastly, there are numerous opportunities available for Crush to take advantage of that which
The strength of the unit is based on the fact that the company is built on an innovative and entrepreneurial culture with a decentralized management philosophy with Knowledge sharing and dissemination as a key part of Art’s business philosophy. Despite the high level of decentralization and profit accountability, technology and human capital were both widely shared among divisions. The company also moved quickly to bring products to market. An idea which showed promise was funded as funds were always available for small beta batch productions. This allowed market testing to achieve proof of concept within ART. Investment funds were readily available to fund an investment once an innovation has been approved.
The Papa John’s case provides a classic example of a company that entered a highly saturated and mature market and was able to enjoy immense growth and success due to its creative product differentiation strategy. The company’s motto has been consistent from the day the first restaurant was opened: Superior ingredients and a superior product from its competitors. John Schnatter took the basic concept of product differentiation and positioning to new heights as he created a strong global brand, which had an unprecedented track record of success and customer loyalty over its competitor’s pizza products.
Simply, the developing an understanding of consumer taste preferences was a key to expanding into international markets. The taste preferences for salty snacks were similar from country to country, which enables PepsiCo to make moderate changes to its snacks in most countries. For example, Lay’s, Doritos, and Cheetos snacks were sold in Latin America. However, a seaweed-flavored Atesanas chips sold in Thailand and Lay’s White Mushroom potato chips are sold in Russia. In 2007, PepsiCo was eliminating trans fat from its snacks and expanding in Europe, since the demand for health and wellness products is increasing 10-13
Subway Sandwich, as presented in the Case Study presented in the Marketing Management MGT 551 class, is an undisputed market leader in a segment that is “firmly established as a nationwide food item for which there is plenty of room in all areas” (University of Phoenix, 2008). However, with a growing competition, changing consumer trends and increased product specialization, Subway’s real strategic marketing challenge is to be able to develop and maintain a differential advantage while sustaining sales growths and profitability.
The communication problem in the project particularly occurred between the team leader and the startup’s owner. After several weeks of data collection, the interns discovered that the existing logistical arrangements were inadequate and that they were hindering the project. These problems included poor cooperation from the farmers and the inability to access some of the field areas. The team leader conveyed these issues to the owner through email as soon as possible. The initial response from the owner was negative, as she chided the team for failing to solve the problems that typically emerge in the field. Given this initial response, the team continued with the project. However, the logistical problems continued to hinder their progress, leading to their poor
Though this phase had identified that there is some disconnect between the project team and the champion it failed to list down the key stakeholders and their involvement in the project. This phase should clearly develop a high level project plan to show the highlighted completion date with the list of team members.
Learning becomes an essential aspect of an individual’s way of life, as there is nothing greater than knowledge being inculcate through the process of learning. As rightly quoted by:.. Being a part of the management consulting module instilled in me an in-depth understanding to be an effective consultant that could relate, analyse and apply specialist skills in helping the organisations achieve their purpose and objectives by solving management and business problems ultimately seizing new opportunities, enhancing learning and implementing changes for the future. Highlighting my natural characteristics of being a logical thinker and operational planner, the assigned summer project would strengthen and amplify my knowledge and understanding of wider issues surrounding the business and industry, moreover it would make me responsive to the ramification of future trends in the market environment. For this reason I was looking forward to working as a team on project Formica, which is world’s ubiquitous and leading brand in high pressure laminates (HPL) and surfacing solutions. Our Team of five comprised of analytical skills and expertise in different domains that was formed with core objective of analyzing the problem through a diverse and integrated approach so as to facilitate the process, ensuring a well balance solution that could potentially minimizes the laborious barrier that the client encounters and propose recommendations that could be implemented. When project Formica
2) Strong research and development (R&D) - Ben & Jerry’s has a wide assortment of innovative flavours to cater to the various preferences and please the taste buds of its consumers (Ben and Jerry's, 2015).An example of a recent R&D includes Ben & Jerry’s researching into dairy-free vegan ice-cream that shall be launched into the US market next year ( Business Monitor International Ltd. , 2015).