Task 2: Business Plan
IMRAN KAISAR TALUKDAR
C0206VSAVSA0614
TABLE OF CONTENT
INTRODUCTION: 2
ABOUT LUCOZADE: 4
ANALYSIS: 5
TARGET MARKET: 6
Who will buy the product? 7
Why do they buy? 7
GROWTH OPPORTUNITY 8
REFRENCES: 10
Internet Sources: 10 INTRODUCTION:
Marketing is a powerful tool for any business. If the product marketing is up to the mark then the product will easily success in the market. It is a process of communicating the value of product and service to customers. Broadly there are four levels of marketing in which company can enter:
Locally – it means in the
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Company has to make the marketing strategies for making the product success in the market. And those general strategies would be effecting in different context throughout the company. To enter into the global market company has to use different signs, symbols, shape, slogans, by which is easily understandable to that country because if the product is not easily memorable to customers then they will easily move to the substitute product and then the product will have a chance for failure in that market. So before entering into the global market company has to research all the taste and preference of that country because to enter in to the new market it wants a very huge expense.
ABOUT LUCOZADE:
Lucozade is a Glucose carbonated drink which was created in Newcastle by Thomas Beecham in UK in 1927. It was first sold in whole Britain. It was first out in the market as Glucose syrup. To provide energy to people who were ill. In 1929, name was changed to Glucozade to lucozade. (thefactsite.com)
After further research this lucozade was use as energy drink and slogan changed to” lucozade replace lost energy”. From 1987 to 2003 many flavors were made like orange, lemon and new apple. And the packing get totally changed. The amount of caffeine in a 380 ml bottle
Marketing is the function that connects businesses to their target audiences’ needs. It is how a business presents and distributes their product to their audience. For example, a business can market their product by advertising it to the public. This can be seen in many forms of media; such as: on television, via web, posters or on billboards.
Marketing is a very unique process that enables limitless methods or variations for an entity to appeal to a particular target market as well as to deter from a particular market. Marketing is used in more than just business; The kinds of clothes an individual wears and the attitude a person portrays can be used to market him or herself to the public for many reasons: Maybe to attract a woman a man is attracted to, possibly to impress the president of a company a person is interviewing for, and even to just create a base of his or her character in which other people will judge him or her by. Marketing is everywhere from the business side of the spectrum to relationships people have
Marketing is an important tool for any business. It is how a company makes their product known to the public. Without marketing, the consumers will either not know that the product even exists or will not know all the applications of the product; who makes it, what it is and what it is made from, when came on the market, where it can be purchased, how it can help the consumer and why the consumer should even purchase the product in the first place. According to Tom Ash, Marketing is the process whereby demands for products, services and ideas are anticipated, managed and satisfied (2011).
Marketing is the term where companies create their products or services awareness into the market. This goes ahead with identifying the customer’s needs and then working on purpose. The customers found to be in the centre of the whole process as they help in profit making. Marketing techniques can be defined in to different strategies which are:
Both coffee and tea’s discovery occurred before the discovery of the chemical responsible for their effects; caffeine. Both of their discoveries can be traced to legends speaking of their accidental consumption; coffee in 850 by goats owned by the Ethiopian farmer Kaldi, and tea in 2737 BCE by the Chinese emperor Shen Nung. Caffeine was later isolated in 1819 by Friedlieb Ferdinand Runge. Although it was Runge that isolated the compound, it was Emil Fischer that first determined its structure in the 1890’s and was later able to synthesize the compound in 1895 (organicchem). Today, it is the most used stimulant in the world (Toxicology).
There are (3) reasons why I have chosen energy drinks as my NAB. First off, there is a growing market for energy drinks. Red Bull and Monster Beverage Corporation, together, form over 80% of domestic energy drinks volumes by estimates. Dollar sales for energy drinks grew almost 6% to $6.67 Billion in measured channels in 2013, which propelled sales growth for convenience stores (Team, 2014). A growing thirst for caffeinated “energy” drinks, which include the likes of Red Bull, Monster, and Rock star, has spurred a heart-thumping surge in sales. Globally, the energy drink industry has gone from a $3.8-billion business in 1999, to a $27.5-billion
Marketing is a strategy that all organizations use in today’s society. In one way or another, business’s today need to market their purpose of existence. Although the strategy of marketing may be different in every industry, the basics of marketing are often times the same.
After comprehensive research in to the scrapbooking market, I have discovered a gap which can be undoubtedly accommodated for by Happy Scrappy. We specialise in a variety of uniquely hand crafted scrapbooks which are personalised by the customer using their own photos, and themes or colours. The business will have a range of suggested template designs however, the customer will have the ability to change or create a whole new design using the interactive website.
Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of goods, services, and ideas to create exchanges that satisfy individual and organisation objectives. Marketing has many ways that products are sold. It includes advertising, selling and delivering products to people. Marketers try to get the attention of target audiences by using slogans, packaging design, celebrity endorsements and general exposure in the media world. The process of developing, promoting, and distributing products to satisfy customers' needs and wants.
A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.
This report will critically be discussing the marketing strategy, position and the marketing mix employed by LUCOZADE and the use of some principles. Therefore, the analysis will help to identify how brand is positioned in the energy drinks market and how company promotes its product. After analysing existing marketing strategies, recommended future strategies will be given to advice companies of where the brands are leading to and how they will get there.
Every company depends on an efficient marketing program to fulfill customers' needs. Marketing is a process of finding out what the customer wants and meeting those requirements. Within the company, the marketing group has to consider customer values and customer satisfaction before considering offering a product. Marketing is part of our everyday world, and can be perceived everywhere and every time. At any time, everyone has been exposed to different kinds of marketing or advertising depending upon personal necessities such as T.V commercials, radio, internet, etc.
Windmill fish and wine bar is basically based on eat in and delivery strong strategy of customer value proposition in a niche Market, and main strategy propose of Windmill Fish and wine bar is focusing on satisfying the needs and creating the wants of low to middle class resident and businesses that are located near to this business
To obtain successful business we must put together a team of experienced professionals, secure a brilliant high-traffic location, also set up a network of suppliers, in order to buy and sell products that are of the maximum quality reliability with competitive price. Guarantee customer satisfaction by encouraging the two most key principles, honor and integrity. Build high morale by rewarding employee achievement with monetary compensation.
In general terms, marketing is all related to the places of buying and selling of goods and services to satisfy customers’ needs. Nowadays marketing is the most important issues for success of every business marketing is the activity, set of institution, and process for creating, communicating, delivering, and