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Marketing analysis and strategy
Marketing analysis and strategy
Marketing strategy methodology
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I will be opening restaurant called The Sandwich Shop at the University of Regina Campus. Here I will discuss how I will operate my business from a marketing perspective by explaining my approach to segmenting the market, which segment I will target, my location of business and how I will incorporate the 4-P’s into my business. By addressing all these strategies/theories of marketing my business has a higher chance to succeed.
Since my business, The Sandwich Shop, is on a university campus the largest demographic would be young adults ranging from ages 18-22. This demographic is already specific as it is, since most people that age going to university share the same values and interests. However, I will go deeper and target the group of people
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Students need to be able to access The Sandwich Shop without much delay. By having it at the most populated part of the university, the restaurant will have more exposure and people may be more inclined to go there. If it were at the middle of the university then everyone would have equal access to it in terms of distance. If someone is in a rush they would rather to go to the restaurant that is closest to them. I wouldn’t mind if The Sandwich Shop is near any of the other restaurants since customers will easily be able to compare prices and see that my restaurant is cheaper. However, it is more important that it is accessible by students whenever. For the promotion of my restaurant I will have free samples (concept testing) at the opening day of release and for couple more days to introduce the product. There are many places around the university to put flyers to gain attention. Around the store there would be employees handing out coupons for people who choose to purchase the products within a certain time frame. Making a website that has the store hours, menu and nutritional value of the food will
WinCo Foods is a supermarket chain with headquarters in Boise, Idaho. It started in 1967 and has since expanded to include over 100 locations throughout the United States. Until 1999, all of its stores operated as Cub Foods or Waremart Food Centers, but the company now has its own branded locations. It also has five distribution centers. The stores and distribution locations employ more than 15,000 staff members in a variety of positions.
This will help them in achieving maximum sales. The company’s marketing team should first collect information regarding the income level of customers who live in the vicinity of the potential store location. They should determine income of the area’s population in order to make sure that it matches that of their typical customers. They should also take a look at education level as well occupational information for the area in question.
Greggs is a leader of located bakery chain in the UK, a series of sweet food and soft drinks including sandwiches as well as bottled. In 1939, Greggs was established the own brand Gregg as a Tyneside bakery. In 1951, the first bakery shop was opened in Gosforth. Until 2016 years, Greggs has been running about 76 years. The Greggs is provides the freshly prepare food, drinks of Greggs in each day in the shops of Greggs so that all of customers could enjoy the ‘Always Fresh, Always Tasty’ experience including sandwiches, soft drinks. This is the mission of Greggs. Stores of Greggs are located in more cheaper retail locations in the shopping malls and main streets of the city. This means shops of Greggs are not located in tourist locations. Shops of Greggs are opens during the standard business hours so they can serve consumer`s breakfast, lunch and dinner every day. Greggs could serve about five million consumers in the stores of Greggs each week with products and sandwiches.
It still has to launch some sales promotion to keep the existing customers and attract the new customers to try this kind of food. Therefore, the Boiling Crab should stimulate more sales by launching the periodic promotion. For example, every $50 gets five percent discount or free Cajun fired. This promotion may stimulate customers to eat up to $50 because we have to pay more than $50-60 with the number of people more than 3. The promotion can be modified based on each location. In the U.S. market for the restaurant, Yelp is the mandatory choice to draw attention of local people or people living in U.S. more than 1-3 months because whenever people travel to each location in U.S., they have a tendency to look for restaurants from Yelp. Therefore, the Boiling Crab may launch some promotion to encourage customers to check-in and review in each location, so the highest review will push the name of restaurant in the top rank in that location. The owner may offer free soda for each review. Moreover, Twitter, Facebook, and Instagram are the next choices to use to advertise the Boiling Crab because these options are quite popular for U.S. and other countries, like Thailand, Brazil, and Germany. These options help increase the customers both from local and foreigner. The advertising in the social networks is very
Cheesecake Factory can initiate an environmental responsibility activity in the community within which it operates. This would form part of its corporate social responsibilities. The endeavor can include contributing, either directly or indirectly, to researches aimed at producing eco-friendly solutions in the hospitality sector.
This will be over the founders of Buffalo Wild Wings. Main Sources: Buffalowildwings.com, Wikipedia.com. They have revolutionized the world with their amazing chicken wings and amazing flavors. The founders have solved hunger issues and have solved them with the best chicken wings in the world. Buffalo Wild Wings was founded in nineteen eighty two by Jim Disbrow, Scott Lowery, and Bernard Spencer.
Considering where Vegemite is in the Product Life Cycle, it is obviously a mature and established brand. With such an established brand, it is a constant process of revitalization to ensure it stays relevant in the contemporary market place, and “iSnack 2.0” is one of the outcomes.
Wendy’s is one of the world’s third largest hamburger companies that is quick service. There are over 6,500 company and franchise restaurants worldwide. Wendy’s mission is to stand for honest food, higher quality, fresh wholesome food, prepared when you order it, prepared by Wendy’s kind of people, do it Dave’s Way, we don’t cut corners. This company believes in fresh and non-frozen products so the customers are satisfied and now they bought from an honest restaurant. The foundation believes in long term success that include there core values in every production. The core values are “Quality is our Recipe” “Do the Right Thing” and “Give Back”. Wendy’s focuses on the responsibility that the stakeholders are also the key to success.
Heinz is a United States based food processing company headquarters in Pittsburgh has been producing high-quality foods for 145 years. The company is manufacturing food products in plants on six continents. They are marketing these products in more than 200 countries and territories in the world. The company consists of 150 number-one/number-two brands worldwide. Heinz holds a market share in excess of 50% in ketchup in the US, whereas they are ranked as first in ketchup. They were selling 650 million bottles of Heinz ketchup every year in the world. Beyond ketchup, Heinz is also marketing other great tasting foods such as sauces, meals, snacks, and infant/nutrition
Pizza has always been significant to the American culture. It is quick, easy and customizable. As the number one meal choice in many American households, it’s no surprise that the pizza industry world-wide sales continue to increase. One of the segments comprised in the pizza industry are pizza chains. Papa John’s is a well-known pizza chain that has been ranked as the third largest pizza business in the quick serve restaurant industry. Quality and customer loyalty has always been the stem of their success but it was employee performance that affected profitability. They have had to confront strong internal and external competitive pressure forcing them to change their strategy and strengthen their position within the industry, increase sales
The main competition for Panera Bread in the Food Service Industry is not necessarily restricted to coffee shops as I originally thought. Instead I consider Panera’s direct competition as including Bakery-Cafe restaurants such as Starbucks and Einstein Bros. but also Fast Casual such as Chipotle Mexican Grill, Panda Express, Baja Fresh, Q’Doba, and McCallister’s Deli. Panera and all of these restaurants are also in competition with Quick Service Restaurants such as McDonald’s and Jack-In-The-Box, and Casual Dining Restaurants like Applebee’s and Olive Garden. Panera’s competition is effected by buyer power, rivalry among competitive sellers, and substitutions by companies in other segments. There could also
O.3. & W.5. Use the brightness of the LED lights outside the physical store in order to let the people become aware of the existence of the company as if they are welcome to eat there at any time
My company plan is open a small cafe in CBD. My Café will be located on the West Street, Near Auckland University. Because mostly students visit café for food, entertainment and coffee and they enjoy some time with their friends. So my café fulfill students all needs and provide opportunities to enjoy with friends and colleagues.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
test whatever it's a bad effect or not. So when it used on humans, we