1. Which segments of the general external environment, if any, are relevant to the Russian ice-cream industry? Why
While assessing the general outside environment, I discovered every one of the six of the fragments to be applicable in the Ice-Fili case. The crumple of the previous Soviet Union greatly affected the ice-cream industry as the economy moved towards an open-market system. After the fall, Russia depended on exporting to fulfill customer's needs and acquiring goods from local producers became scarce. This brought about a lessening in local production, which altogether negatively influenced ice-cream businesses. After fall of the Soviet Union, companies had to endure the 1998 financial crisis, which reduced the worth of the Russian ruble. After the crisis, numerous companies in the frozen food industry wound up with no work. Many of these frozen food companies found new work within the ice-cream realm. Patents and trademarks became
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A newer company could copy a successful company’s business strategy, products, naming conventions, and even logo if they really wanted to. The lack of laws pertaining to patents and trademarks makes it a lot easier for a new company to enter the ice-cream industry. Consumers would not have any loyalty to one brand since they all are offering very similar products. Since many companies are using older technologies, a new firm wanting to enter the market could utilize the newer technologies to give them a competitive advantage. The lack of brand awareness could allow a new company to launch a successful marketing campaign. Consumers mainly purchased vanilla and chocolate flavors of ice cream. A marketing strategy could be advertising new and exciting flavors that customers would want to try. If a marketing campaign of this nature is successful, the company could establish themselves as a leader in Russia for ice cream
Threat of Substitution is high. Many other products are able to meet consumer needs for snacks, including beer, soda pop, chocolate, and other candies. Many of these other industries are far larger than the Russian ice cream industry and thus have greater access to resources and bigger marketing budgets. Rivalry Among Existing Competitors is low. International players have entered the market and other domestic producers are able to make some of the staple products produced by Ice-Fili. However, many international companies were scared away by Russia’s volatile economy, and many of the domestic producers were not able to successfully transition from state-run factories to private companies. In addition, a large
To achieve that Ice-Fili will highlight its main asset: the fact that their ice creams are made using only natural products. This corresponds perfectly to the needs of Russian consumers and this is a very differentiating element with respect to its competitors.
We at Temple Consulting have completed an analysis of Ice-Fili’s current corporate standing using data collected over the past several years. Using tools such as Porter’s Approach and SWOT we have analyzed the internal and external environments and have recommended several strategic plans of action. Current areas for improvement such as marketing initiatives and re-evaluation of distribution channels will increase sales and profitability almost instantly. Long term plans such as lobbying against luxury tax on ice cream, partnerships with franchise vendors, and bringing new products to the market, performing an IPO, and planning more global efforts will help keep Ice-Fili rooted as the
The management in Premier Drinks reports a recent substantial increase in competition in the local market by multinational companies. According to the report two foreign companies, one from Germany and one from Poland, have recently established operations. The report discusses the suspicions that local officials have accepted payment by the competitors in exchange for permission to sell their products in government buildings and sport events; many of these establishments have been previously inaccessible to Premier Drinks. The arrangements between local officials and the competitors correlate to the drop in sales.
There was a dramatic drop in ice cream companies from 1991 to 1992. The output fell to levels last experienced in the early 1970s. Foreign ice cream companies, including Ben & Jerry’s, Baskin & Robbins, Nestle, and Unilever, all poured into to Russian market to capitalize on the open market opportunity. This show Ice-Fili’s technology were same as before that way new competitor enter in Russia as a result.
In business there are no guarantees for success. Skills, knowledge, great motivation and honest evaluation of ability to carry out and then manage the operations are just some of the requirements that determine the probability of the successful project. Success is never automatic and does not rely on luck. There are no ways to foresee or eliminate all of the risks that might affect successful operation of a new business. However detailed planning, thorough analysis and well-carried out organization create good potential for a new business. In the provided case study, we will assess the probability of success for Icedelights franchise in Florida. Analysis will be done through evaluation of each step in the decision making process, close
1. Please provide an in-depth five forces analysis to illustrate the competitive environment for Russia’s ice cream industry. How is it likely to evolve?
profitability, slowing demand growth and a surge in private label sales threatened to undermine the
The entrance of a new competitor into a market can cause a business to change its marketing strategy. For example, a small electronics store that was the only game in town might have to change its image in the marketplace when a large chain store opens nearby. While the smaller store might not be able to compete in price, it can use advertising to position itself as the friendly, service-oriented local alternative.
In the late 20th century, the ice cream industry market share was classified into frozen novelties and packaged ice cream, and packaged ice cream could be divided into super premium, premium and lower-price products. Dreyer’s Grand Ice cream Company mainly focused on the premium products.
This paper focuses on global business strategy of The Coca-Cola Company, who is the leader in the beverage industry as well as, the world?s leading soft drink maker that operates in more than 200 countries and owns or licenses 400 brands of nonalcoholic beverages. The paper will concentrate on the PESTEL analysis of the organization focusing on the external factors of the business and the environment where it operates. All of the following environments will be discusses in the research; Political, Economic, Sociological, Technological, Legal, and Environmental as they the changes in the market segment. Within this paper it will discuss some of thr
Essay title: You work for Cadbury Schweppes in the confectionary division; you have been asked to look at the launch of their confectionary products in Poland. You have been requested to provide a 2000 word draft entry review, which outlines how you would go about taking an entrance strategy for approval. Identify the key areas you would like to research and investigate and justify them using marketing theory and practice, with appropriate references.
Besides sales increment, the number of ice-cream manufacturers, parlour and restaurants has grown and they are gaining popularity by introducing new flavours of ice-cream and providing a comfortable environment. Supermarkets play a role in supporting the sales by selling multipack ice-cream and bulk ice-cream. (SeowMIee, 2011) Hence, we will use PEST, SWOT and Porter's five forces analysis to analyse the industry.
1. Decline in competitor popularity – As frozen yogurt seems to have reached its maximum tier, this creates an opportunity for an ice cream business to obtain more of the market share.
The paper provides analysis of Ice-Fili, and the paper reveals that Ice-Fili is one of the important ice cream producers in Russia. However, the entrant of foreign ice cream producers such as Nestle has made Ice-Fili to face stiff competitions within the industry. Porter five analysis reveals that Ice-Fili has not been able to compete effectively with foreign companies because the company still relies on imported equipment and technology and traditional method of production, which lead to high cost of production.