Introduction
Healthy Potion is a business that specializes in producing a unique healthy beverage. It is in a good developing situation and has made considerable profits from its current business activities. However, the business that has reliance on one single product and single operation system might have difficulty in sustainable development in the long run. Therefore, it is significant for the business to work out plans for business diversification with improvement of its risk management for the future growth. This case study report will provide strategic analysis and strategy for new business development using SWOT analysis as well as some recommendations funds raising.
Strategic Analysis
Healthy Potion has a favourable business
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As a private retail company, Healthy Potion has few external stakeholders and it means that the owner has the perfect control of all stores. In addition, the business has obtained a brand name, which has a large amount of recurring customers from the significantly increasing sales, and it helps to improve the customers’ power and loyalty (Guthrie 2008). However, there are several weaknesses existing in the business. The production of the beverages requires the importation of some special concentrate from China and that means there are high delivery costs and import duty costs.. Nevertheless, the single-product business model lacks diversity and can hardly satisfy customers’ expectation in products and have sustainable growth in the future. Healthy Potion is a business that produces unique healthy non-alcohol beverages, and it is a relatively new business in the beverage industry. That means the business has a tight budget and limited financial resources, such as funding, sources of income and investment opportunities (Australian Beverage Council 2013). The business also faces with opportunities as well as threats. Healthy Potion keeps in firm connection with Chinese suppliers and it can bring benefits to getting increasing reputation and competitive advantages in the international financial
Every organization strives to achieve financial success and competitive advantage once a product or service is introduced into the market. For this reason, it is often essential to undertake a SWOT analysis to understand the internal and external constraints that can otherwise affect the business growth. This paper analyses Shark Energy, a beverage company and highlights on the possible strategies that can be implemented to ensure profitability. Question One Shark energy is a NAB company that produces energy drinks.
When Quiksilver announced the start of its women line Roxy in 1990, they defined the brand as a “fun, bold, athletic, daring and classy” brand for young women. Market segmentation is a crucial marketing strategy and Roxy utilizes the four bases that are commonly used for segmenting consumer markets including geographic, demographic, psychographic, and benefits sought segmentation. The geographic segmentation is ideally unlimited for the Roxy target market because the brand offers clothes for both warm and cold weather, however, it focuses mainly on the “beach lifestyle” and is generally more popular in beach towns. The demographic segmentation of the Roxy brand, is aimed to attract young women between the
An opportunity exists for the firm to venture into new product lines like energy drinks and other culinary applications.
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f. Legal- legal strategies are two sided as they put into consideration of the governmental legal requirements and, on the other hand, defines the organization’s policy administration. For a triumphant marketing plan, understanding the government legal approaches allows for efficient operation and inter-relationship with other organization. Similarly, internal legal policies allow the company to uphold its operation in a set manner.
The SWOT analyses showed that Mondelez still had a large and stable portion of Canadian’s chocolate market, which is conclusive of Mondelez 's position as being on of the top three confectionary companies in Canada. The SWOT also made evident of the rising market for healthier foods and healthier alternatives. These were considered the points that held the most merit to help develop the new product meaning that the approach chosen was a Strength-Opportunity strategy.
New Times Providers designed their sales and marketing strategies by analyzing the current market conditions and their own strengths. Through this process, New Times Providers was able to develop their sales and marketing strategy to leverage their competitive advantage with peculiar marketing strategies. This enabled them to establish the company as the leading print service provider for consumers and business. New Times Providers has created momentum by engaging critical brand and mass recognition. The company will monitor the degree of effectiveness of their marketing efforts to establish the return of advertising on commerce and investment generated from different channels. The ongoing sales and marketing strategies by New Times Providers entail expanding and maintaining a wide range of target markets (Nash, 2011). Further, they are creating alliances with services and products firms to deliver quality products. This has enabled the company to invoke themselves thus bringing and implementing total solutions for the benefit of customers. The marketing plan for New Times Providers is based on key fundamentals, which include:
The global marketplace is an excellent and exciting and high paced. It offers businesses and companies with a broader client base, and it means that there has to be an application for all the relevant strategies intended to bring business growth. It also offers these organizations the chance to create variation to their goods or rather products most likely unheard of/not familiar only operating in America or their domestic countries (Siegert, 2011). The objective of this report is utilizing the SWOT analysis to determine quickly the international markets that Kraft Foods need to enter and venture and also ways of developing strategies for the new products. One of the most influential and powerful weapons of a corporation has in the globe to get into global markets in their respective reputation. Apparently, money and healthy products are the additional weapons. SWOT analysis entails the examination and assessment of both internal and external factors which include the (opportunities and the threats) such as the business strengths and weaknesses that may impact an organization. Having the ability to determine the SWOT analysis offers a corporation with the potential and power to determine its strategic plan. It is important for a business to ensure that they fully maximize their high points and opportunities and reduce its weaknesses and threats to be able to position itself ahead of the strategic team.
The object of study is the Zhambil Library, which is the non profit enterprise strongly in need of active marketing promotion.
However, Healthy Potion also has a few weaknesses that should be improved upon. As addressed by the purpose of this case study, Healthy Potion’s offer of a single product, on which its profit and performance are solely reliant on, exposes the business to large risk. Also, Healthy Potion only has once store open and has no online presence, hence limiting the company’s exposure to customers.
Healthy Potion (HP) is a small, unique business operating within the $1.1 billion Australian functional beverage industry (Gargano 2014). HP specialises in the production and sale of a single health beverage product. In the past two years the company has made significant profits and has found a niche in the industry with a loyal customer base. However, reliance on a single product raises concerns about instability and profitability in the future and thus HP’s vision has evolved into one of growth and expansion. Through the use of a SWOT analysis coupled with Porter’s Five Forces Model, this report will explore potential business development strategies and will recommend, along with a fund raising plan, the most
Healthy Potion business specializing in production and sale of distinctive beverage generated desirable sale figures and an increasing trend in sale. It appears that healthy potion has substantial customer base (O’ Connor 2014a). To maintain this sale momentum, the business needs to develop strategic plans to further expand the business. There are possibilities of a shift in demand for healthy potion by customer and new competition entering into the market. Thus, the business needs to adopt strategic planning tools such as SWOT analysis to evaluate the business’s strength, weakness, opportunity and threats (Bovee and Thill 2014) as the first step to develop a plan for expansion of the business. This essay will perform strategic analysis on the business, develop and discuss some possible strategies the business could apply, determine the best strategy the business could undertake, and finally outline how the plan can be funded.
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