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Marketing 1011 Swot Analysis

Satisfactory Essays

Marketing 1012 - Principles of Marketing 1
Section 02

November 27, 2014

Professor Angela Keating

Kyle Gallagher
Marina Davis

1. SWOT Analysis
Strengths
• Several years of experience in the industry
• Creative mind built for innovation
• A true passion in the business
• Diploma in marketing
• Experience in Managing a variety of Restaurants
• Noteworthy research conducted
• A large sum of money ($286,000 in lottery winnings)
• Motivation to succeed more because of past experiences
• Locally sourced food items and gluten-free options on menu Weaknesses
• Fear of failure (letting down herself and family)
• Emotionally torn from previous failure in the business
• Lack of reputation (starting from the ground up)
• Low-medium profit margin
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Marketing Communications Plan
Budget: $30,000
Recommendations:
Advertising and justifications-
• Newspaper ads because our target is interested in catching up on what’s happening in their community
• Radio ads on local stations to reach a large number of potential customers besides our target
• Facebook page and Twitter handle to reach people of all ages and allow them to learn about us, our history and how to reach us (link to website)
• Our very own website filled with our history, what we’re about, what we do and offer, and pictures of what some of our menu items look like so people can get a good idea of what we have to offer
• Billboard ads to attract local traffic assuming a large portion of our market travels through the city often whether it be by vehicle or on foot
Promotion and Justifications-
• Holiday and Celebratory cuisines to develop customers relationships and show we care and we keep our service up-to-date
• Happy hour/two-for-one/buy one get the other half off deals to bring in customers during non-peak hours
• Free appetizers and/or desserts for Birthdays (must have photo I.D.)
• A child under 12 eat free for every purchase of an adult meal and beverage to encourage parents to bring the whole

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