C3. SWOT Analysis: S (Strengths) 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. 2. Unique business model – expanding on the self-service trend with a unique twist and custom pricing options will be appealing to all consumers. 3. Experience and skill of managing partners – combined experience in business of over 40 years with proven skills and ability to successfully run and maintain a business and achieve maximum profit potential. W (Weaknesses) 1. Brand awareness – being a newcomer in the market will create difficulty in gaining acknowledgement; however, I feel we have a terrific product and a solid business model that will eventually speak for itself. 2. Workforce – we are still sourcing candidates to fulfill our staffing needs, but I am confident that our stringent selection process will result in hiring the most capable workforce possible. 3. Season high/low volume business – frozen desserts gain more popularity during the months of June through September, with a decline throughout the remainder of the year. We will need to explore potential alternatives that will aid in maintain and/or increasing sales during low volume seasons. O (Opportunities) 1. B2B – our company can expand into the distribution of product by exploring ice cream wholesaler opportunities. 2. Franchising – considering options to franchise Sundae Magic, LLC is
Low brand awareness -, Advanced Materials Inc. needs a strong financial effort to make prospective customers familiar with the brand
This is turning out to be the new generation of producing ice cream and still be able to satisfy customer needs. According to the director of marketing at Blue Bell Carl Breed, “We plan to go after the low carb and Hispanic influence market. But we will continue to provide fabulous tasting ice cream, that appeal to almost every customers and we will never lose sight of the fact that ice cream is supposed to
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
Expand market share through retailers Expand with regional flavors Expand portfolio to offer healthier options Private Labels are growing steadily
The team gathered a wealth of information about the products strengths and weaknesses, but lacked important consumerbrand relationship information. Supplementing the Consumer Insight Team research with the Usage and Attitude Study provided a well rounded customer understanding.
Whole foods has become such a known household name in being the go to for organic products, but times have changed and the competition has grown. I will be analyzing Whole food methods and reasoning to how they became the giant they are today and how they plan on staying ahead of the game. Using the SWOT analysis I first reviewed all of their strengths as a company. The advantages that Whole foods has is that they carry such a large variety of organic food and also their own independent brands. They also have exclusive products that only Whole foods can carry. “Cultivating new brands and exclusive products has become even more important to Whole Foods as mainstream retailers have expanded natural-food offerings” (Gasparro and Josephs 2015). Whole Foods has positioned itself to be the key place to get your organic products, not only food but also beauty, cleaning and other products. They are also a great place to get your foot in the door, “Whole Foods may not dominate specialty-foods retailing the way it once did, but for startups targeting Americans ' growing hunger for natural and organic fare, it remains the ultimate gatekeeper” (Gasparro and Josephs 2015). Others see Whole Foods as the go to for a healthy lifestyle, it has the appeal to the new generation of living a cleaner life. They also always have the latest and greatest when it comes to organic everything.
Much of the company’s success has been attributed to its superior customer service, along with low process and a broad selection of products.
Barez Brown mentions that “The best people I know who understand their personal brand demand feedback from every big interaction”. Sometimes it is hard to ask for people’s opinion or assessment about
1. Highly Skilled Managers The operation of the company will run smoothly. The performance of the company will improve and would lead the company to be successful.
Like many other small businesses, the ice cream trade has been affected by the dominance of supermarkets who can offer multi-packs of choc-ices and lollies at considerably less cost than ice cream vendors.
In the constantly shifting world of frozen treats, ice cream has followed several trends. The new health conscious American is often looking for ways to beat caloric intake, while still serving an unwavering need to divulge in a vice. Frozen yoghurt, sherbet, sorbet, or low and fat free ice cream have become the avenue for many of the American population’s need to indulge while keeping calorie levels low. To account for the lowered fat and sugar content, ice cream manufacturers pack these low calorie ice cream choices full of preservatives and chemical additives. (Hottinger, n.d.).
Issues: our main issue is competition and this is why we should increase our marketing strategies to keep our brand image and to drive away
The company’s brand recognition is visible globally. It also possesses strong capital resources and has exhibited positive results to its shareholders in the past.
How is it unique and why will your goods or services appeal to customers? This requires
Today’s highly competitive business world forces companies to create different tactics and relatively rely on multiple pricing strategies to conduct business.