New
York
Fries‐
Potato
Noodle
Table
of
Contents
EXECUTIVE SUMMARY
INTRODUCTION: THE COMPANY
NEW PRODUCT IDEA CUSTOMER NEEDS AND WANTS TARGETED
MARKET
SEGMENT
SWOT
ANALYSIS
BRANDING
AND
POSITIONING
PRICING
PROMOTION
PLACE
(MARKETING
CHANNEL)
APPENDIX
3
4
4 5 6
6
9
11
11
14
16
2
EXECUTIVE SUMMARY
New York Fries (NYF) is a Canadian franchise that specializes in potato, in particular French fries and hot dogs. There are few issues with the company itself, such as limited choices, limited access to the product. Our report analyzes the issues incorporated in NYF and recommend way to improve the situation. After evaluating the needs and wants of our existing and potential consumers, we
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Also, we believe that potato made noodle is more filling, and will able to satisfy our consumers’ hunger during break time. In contrast to wants, products will only be successfully introduced if consumers are able to afford, thereby converting wants to demands. We believe our targeted customers, who are
5
the white-collar working class, have the purchasing power to afford a bowl of potato noodle served by us.
Targeted Market Segment
In Hong Kong, we are targeting Asian who has tradition of eating delicious noodles. Our target customer group is aged from 20 to 45 years old, with a monthly income of $10,000 to $50,000. They are mainly the white-collars, who are in the working or middle class. They are status-oriented achievers and always demand for fashionable way of enjoying traditional foods. We target to serve our noodles as a quick lunch during the customers’ limited break-time. We believe the noodles will be beneficial to those who seek for high quality, healthy and fashionable fast food. Our target segment is relatively small but well defined at this stage in order to achieve greater market share at the introduction of our potato noodle.
SWOT Analysis
Strengths • Since NYF has been specializing in potatoes for more than 20 years, this provides us sufficient resources and abilities to produce potato products. Also, we have a strong and effective supply network in both North America and Hong Kong, which
Quick food styles are catching up fast because of more number of working couples, domestic fuel crisis, non-availability of reliable domestic servants and breaking up of joint family system. Neither time nor patience to prepare the ingredients and wholesome food in the house itself, the high price of ingredients and ready mix are also a significant factor responsible for the spectacular increase in the demand for Maggi noodles products.
Table Of Contents 1.0 2.0 3.0 Introduction Executive Summary Situation Analysis 3.1 Identification Of The Problem 3.2 Market Analysis 3.3 SWOT Analysis 3.4 Target Market Marketing Communication Strategy 4.1 Marketing Communication Plan/Objectives 4.2 Marketing Budget 4.3 Schedule for Key Marketing Communication Activities 4.4 Promotional Strategies 4.4.1 Advertising Strategies 4.4.2 Promotion and Public Relations 4.4.3 Sales Force 4.4.4 Comprehensive Support Program 4.5 Product Strategies 4.6 Distribution Strategies 4.7 Pricing Strategies 4.7.1 Potential Customer 4.7.2 Sales Forecast 4.7.3 Return on Investment (ROI) Conclusion
1. Executive Summary 2. Situation Analysis a. Market/Company situation b. Market segments c. Competitive situation d. Barriers to entry e. Strength of competitors f. Sustainable advantages g. Pricing issues 3. Macro Situation a. Economy b. Social/cultural 4. SWOT Analysis a. Internal factors b. External environment c. External threats d. Internal weaknesses 5. Issue Analysis 6. Mission, Vision, Values 7. Market Analysis a. Primary market b. Secondary markets c. Tertiary markets d. Prospective customers 8. Proposed locations 9. Action Plans a. Brand awareness action plans b. New location action
There are over 1.1 million men and woman amateur and pro bodybuilders alone in the United States. The IFBB has competitors age ranges from as young as 16 years to as old as 83 within a range categories for competition, The NutiBullet Pro is a necessary tool to assist the competitors in preparing for competitions fulfilling a need for a quick, convenient and easy way for bodybuilders to create their protein shakes, whey smoothies or one of their required 6 to 7 meals a day.
Our recommendation is to expand into sports equipment industry by offering a full line of snowboards and snowboard equipment in Europe.
Wendy’s has a number of strengths, possibly one of the most important of which Wendy's additionally offered a few interesting item such as Frosty and spicy chicken sandwiches. A further strength for Wendy's has been a unique worth menu that comprised of around 10 things that could be acquired for 99 cent. Wendy's all fast food ground sirloin sandwich chains, were currently anticipated that would meet new customer wellbeing desires without companioning the menu things on which the organizations were established. (Case study)
Kerry’s industry offers their products by using the widest technology based ingredients, flavours and functional ingredients in it. Their product portfolio of the scale and breadth of reviews is technology based, allow them to compete through world class solutions and have a competitive advantage to bring reviews to their customers. They are using the technologies that are related around Nutrition Systems, Taste Systems, Functional Ingredients and Actives which giving them to innovate and solve problems through unique capability. Firstly, Dairy and Savoury, the technologies that bring them to deliver solutions for applications through Appetisers, Savoury Snacks, Prepared Meals, Dairy, Soups Sauces and Dressings. Second is Cereal and Sweet,
Based from the survey conducted, 90 out of 160 people answered that they are expecting a lot with the flavor and taste since our main product is fried chicken pops and wings, which is served with the customer’s chosen flavor and dip. They also mentioned that they want it look and tastes mouthwatering and the aroma is really good. Next is the Service quality. The target market is expecting the service to be fast and efficient in responding with the needs of the customers and the employees are well-mannered.
This paper will describe the details of a fictitious company and provided its background and will develop a marketing plan with a focus on segmenting and positioning its product and service. Thirdly, this paper will determine and decide upon at least one (1) foreign market for the product and service.; identify the marketing segment for the product and provide a rationale for this segment and discuss the target market and provide a rationale for this target market. Also, it will perform a SWOT analysis (strengths, weakness, opportunities, and threats) for the
There are many factors to consider when marketing a new or existing product. Segmentation, targeting, and positioning are important when identifying the specific target market, examining the role that consumer behavior plays when applying basic marketing concepts, and examining the impact of purchase trends on consumer behavior. Internal and external influences on consumer behavior are all factors that must be considered when applying marketing strategies. Learning and memory theories are also factors considered when applying marketing strategies. In addition, strategies for
Since cooking is a thing that people often lazy to do, especially when they are quite busy with their university life or at their job, people consume Indomie as a simple way to eat because cooking it only took about 3 to 5 minutes, this makes Indomie as a ‘saving time food”. In addition, the taste of Indomie noodles matches the taste of this generation, who love pasta and fast foods. Thus people eat instant noodle as a convenient choice to save up time, in addition to saving money.
Basic demographic information: The age, sex, geographical region, marital status and so on of our existing and potential customers and clients. In-depth demographic information provides details on grouping 's preferences and buying habits.
To launch a new product to account the market share and get fat profits in this changeable and competitive market today is not a simple work. According to the Chief Marketing Officer in the AMA () , it is told that the new definition of marketing has changed marketing to an educational process. This means that the mainly role for marketing is going to take on the needs of the customers and stir the launch for new products to deliver the values to make the final customer happy. In this article, centering on the customer needs in the marketing, it will analyze and evaluate the role played by marketing during the process of developing a new product, using the STP and Marketing Mix Four Ps theory systems.
The first strengths are brand name and image. Our company has strong brand name in the world. It is the no.1 fast food company by sales. Our image is recognized everywhere. Hence, the company will run smooth and efficiency in the new market. We should base on this strength to develop the restaurant in Hanoi.
Executive Summary Current Market Analysis - Macroenvironment Current Market Analysis - Customer Market Description Product Review Competitive Review Channels and Logistics Review Marketing Objectives Marketing Strategies - Product Marketing Strategies - Price Marketing Strategies - Place Marketing Strategies - Promotion Execution Plan Budgets Controls Appendix - References