Priya D/O Porcheliyan (A0085054H)
Trung Nguyen Coffee Individual Assignment
1) What is the product mix of Trung Nguyen? What are the key attributes of its coffee? How do these attributes help Trung Nguyen to differentiate itself from its competitors?
Trung Nguyen brought new meaning of the word coffee into our world. With its various varieties and tastes, it has pushed the boundaries of coffee from being merely a daily supplement to our lives to being a beverage consumed enjoyably at our own leisure. Coffee still remains its core product but certain distinctions have been added into its taste and flavours. Along with instant coffee, Trung Nguyen Coffee also offers roasted coffee.
Roasted coffee is now available in three
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Rather than offering tangible benefits of coffee to customers, it focuses on the intangible aspects which set it apart from its competitors.
2) What are the roles of branding? What are the benefits of branding to sellers and buyers in the coffee market?
Brand identifies the seller or maker in this case, Trung Nguyen image as a coffee producer was established due to repetitive branding. A brand also distinguishes the producers from other competitors. For example, in the coffee market, the branding of the coffee attributes alone can identify the producer and differentiate it from their competitors. Branding also protects the proprietary rights of the original coffee producers through trademark registration thus preventing sale of counterfeit coffee products. Furthermore, strong branding help build the corporate image, making it easier to launch coffee products and gain acceptance by distributors and customers. Hence, that is why G7 instant coffee was readily accepted by the customers upon its launch into the coffee industry. Companies with strong brands can also charge more for their products and services because the brand is valuable in the eyes of consumers. For example, in the coffee market, a customer may choose to buy coffee from a national coffee chain rather than from a local store. The reason is that the branding has established in the minds of customers that the
Phuong Nguyen passed away peacefully in her sleep at just 22. Despite living such a short life, she packed a lot of living into it. She did a lot of moving around in her teen years. But like most young adults her age, she went to college, had a part time job, up till the automobile accident that caused her to part this world and her loving family.
The coffee served in Second Cup is also high quality and the drinks available strongly rival those in Starbucks. In the past decade there has been an explosive growth of 157% in the area of coffee shop market. Canadian coffee market share, new companies have limited to no space for growth in North America. Second Cup’s market share at the Canadian market is about 8%.Upon these facts and analysis there is an unlimited growth possibilities in the coffee market in Canada. There are different factors that do influence in the purchase of coffee from these outlets and the the way these coffees are priced. Customers are reluctant to get coffee from these outlets as the prices are too high than the coffees that could be made at home. There is a huge conflict between the pricing of coffees at these places and homemade ones. Coffee shops are determined to serve the best quality coffees which are been imported from South America and Africa, due to the rise in oil prices transportation charges have also been increased. And also due to different global climatic conditions the prices of these gourmet coffee beans have been increased.
A recent primary research survey has found that 70% of occasional coffee drinkers view the Mr. Coffee brand as an inferior or budget coffee brewing device that does not make a superior cup of coffee (Appendix, Opinion survey). Brands such as Keurig, Cuisinart, and DeLonghi inspire more thoughts of quality coffee than Mr. Coffee. Other consumers are opting to spend several dollars per cup of coffee at coffee houses such as Starbucks, Caribou Coffee, Dunkin Donuts, and even McDonalds (Appendix, Opinion survey).
_________ is the general purpose of relaxing your audience by providing it with a pleasant listening experience.
To differentiate the brand from competition, labels and packaging would be used. Moreover, all visual communication tools and promotional items featuring the brand logo and
In this assignment I will be comparing both Apple and Starbucks to find out how marketing techniques are used to market products. I will include an Ansoff’s Matrix, survival strategies, branding and relationship marketing.
Bullying can be describes as an aggressive behavior from an individual that feels the need to overpower, and control others, whether physically or mentally. The term “bullying” is thrown around a bit excessively these days that we go to extremes when we hear the word, we either ignore it completely or we go off the handle and want to stamp everyone as a bully. As a society we have become desensitized to term while at the same time trying to stay politically correct, in other words we tend to look the other way, but when approached by others about it we try to save face. At times we even try to avoid explaining Darwins Theory of Evolution or in other words “natural selection” and label it as bullying. At the end of the day we need to address
A high quality and well defined offering – the concept is differentiated from market leader Starbucks (i.e. European versus North American). There is also a high attention to detail to build a truly authentic European coffee house environment that is supported by
For the concept of standardization of The Coffee Bean & Tea Leaf, branding and image are consistent in host markets with that of home market. Despite the expectation that cultural differences may affect the demand for their products and services the coffee shop felt that maintaining standardization was more important than adaptation. Standardization is enforced by the company on branding to ensure that the brand image and value is being perceived consistently by the customers in all markets. Adaptation has also applied to the product offering For example in its home country, the coffee shop have a limited range of food and beverage items in their outlets. However, the coffee shop had included a wider range of hot food items in Asia as Asians need to have food with their coffees. The Coffee Bean & Tea Leaf also provide both the good quality of input and output has brings a big achievement. The foundation of the coffee chop is a commitment to quality. They produce and serve only the finest coffees and teas from around the world.
Branding is a tool to make the goods of one producer different from another producer (Keller, 2003). Carroll (2008) asserts that branding is a sign of quality, and it is helpful to increase
gourmet coffee quality. They have less than six months to launch the product, and very limited
1. In the early 1980’s, how did Howard Schultz view the possibilities for the fledgling specialty coffee market? What were the most important factors in shaping his perspective and its success?
Additionally, promotion can be considered as a marketing strategy which helps the increase in sales (Shimp 1997:42). Starbucks attempted to establish a national monopoly without having to use advertising. They relied on organizing events and promoting their brand – by using mugs and T-shirts on which they printed artworks that were a reflection of a city’s personality.
The drink was no longer just a utilitarian morning stimulant and has a satellite pastime very European style: the windows from floor to ceiling, special atmosphere, soft music, dozens of varieties of coffee. However, besides all this, coffee is a business not only successful, but also has today a huge potential for development.
The high quality product and unique sizing of their products also set them apart. Rather than using the standard small med and large names they used unique identifies that helped make their products stand out in memory. Before they came around your options for coffee outside the home were very limited and the ability to get such high quality even at a premium price was a welcome feature in the market place. For the longest time they were really the only player in the space and that niche afforded them very rapid growth and early successes that help fuel even more growth as they expanded worldwide.