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Competitive analysis of a chocolate company
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Introduction: Gifts make occasions better; they lighten moods, swell the atmosphere and make an ordinary occasion memorable. Authenticity is often valued, and origin specific gifts can be of great value to some. Al Nassma chocolates founded and owned by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum pride themselves to be the only producer of camel milk chocolate in the world. The chocolate helps encapsulate the flavors and taste of the Arabian world proving to be the ideal delicious gift for a on the go traveler. Despite being the sole producer of camel milk chocolates in the world, Al Nassma chocolates are made from top quality ingredients namely Bourbon Vanilla and pure cocoa butter making each individual chocolate a ‘Halal’ quality product. Deserts pride the Middle East. The tradition and flavors that encompass the vast landscape are nurtured well by Al Nassma through the rich camel milk chocolate they provide. The company remains grounded to tradition, which is its USP (Unique Selling Point) and sells chocolates through its farm-attached store with over 3000 camels on its Dubai based farm to luxury hotels & private airlines. Expansion hits the doorstep of every established well rooted company, with ever growing consumers and an ever expanding market base Al Nassma see’s a successful potential future in foreign markets. This study will take you through a detail structured Market Entry proposition that Al Nassma chocolates would need to undergo in order to successfully imbed themselves into the European Markets. Business concept and rationale: Chocolate has been deemed unhealthy because of sugar concerns and various other factors contributing to diabetes, obesity and other health related concerns. Al Nassma ... ... middle of paper ... ...ost importance from any marketer’s perspective. At AL NASSMA focuses on providing their consumers with taste joy and satisfaction like any brand that seeks consumer satisfaction and places the needs of the customer as priority. But most of all the company takes pride in the area of providing the consumer with an exceptional experience. The packaging and the USP makes it evident that Nassma aims to position its product as a product of exclusivity and the grand emboss packaging resembles the prestige it tries to bring forth. With the added health benefits of camel milk, the product is further positioned as one that is healthy to consumers that are health conscious. Despite the exclusivity and health structured positioning the company at a broader perspective aims at establishing bonds and building relationships in order to nurture goodwill and repeat purchases.
While Europe and the United States account for most chocolate consumption, the confection is growing in popularity in Asia and market forecasts are optimistic about the prospects in China and India (Nieburg, 2013, para 9). According to the CNN Freedom Project, the chocolate industry rakes in $83 billion a year, surpassing the Gross Domestic Product of over a hundred nations (“Who consumes the most chocolate,” 2012, para 3). If chocolate continues grow popular in Asia, it stands to become even more lucrative.
The company has established good relationships with most of its customers which has assisted it to create high level of brand and customer loyalty
The videos provided for this subject builds a great understanding on what happens behind the scenes and how the production cycle of chocolates turns deadly for few. The chocolate industry is being accused having legit involvement in human trafficking. The dark side of chocolate is all about big industries getting their coco from South America and Africa industries. However, it is an indirect involvement of Hersheys and all other gigantic brands in trafficking (Child Slavery and the Chocolate Factory, 2007).
Claire’s Chocolates has a mix of quality, hand make chocolate products sold individually, in varying sized gift packs, and boxed chocolate. As well, the organization sells a variety of hot chocolate drinks for the chocolate connoisseur, along with quality coffees and teas. Each hot beverage is accompanied by an individual chocolate product and this also allows the customer to taste and experience a unique chocolate product first, before potentially purchasing it at a later date.
Chocolate or cacao was first discovered by the Europeans as a New World plant, as the seed of the tropical Theobroma cacao tree. In Latin, Theobroma literally means: “food of the Gods” (Bugbee, Cacao and Chocolate: A Short History of Their Production and Use). Originally found and cultivated in Mexico, Central America and Northern South America, its earliest documented use is around 1100 BC. The majority of the Mesoamerican people made chocolate beverages, including the Aztecs, who made it into a beverage known as xocolātl, a Nahuatl word meaning “bitter water” (Grivetti; Howard-Yana, Chocolate: History, Culture, and Heritage). It was also a beverage in Mayan tradition that served a function as a ceremonial item. The cacao plant is g...
Coe, Sophie D., and Michael D. Coe. The True History of Chocolate. 2nd ed. New York: Thames and Hudson, 2007. Print.
Walking down the streets of the United States, it seems impossible to avoid the sight of a major problem that is growing at extreme and fatal rates. This problem is known as obesity, which can lead to many other health problems such as diabetes and high cholesterol. One of the many causes for this is an unbalanced diet filled with foods high in fat and sugar. When given the choice, it is safe to say that many would be quick to grab a chocolate bar over a chai kale smoothie when hunger strikes. Many food companies have tried to follow the trend of the love of sweet foods by adding a fatal ingredient to their products. This ingredient is sugar.
The recent product, liquor filled chocolates, is a viable business that can sell if it is implemented professionally. This recent innovation should be able to acquire attention from the market owing to its combination of selling products. Put simply, the liquor-filled chocolates are chocolates that contain alcohol. According to Novellino (2011), chocolate-candy sales summed up to $16 billion in 2008 in the U.S. Furthermore, the statistics on alcohol reveals that liquor sales hit $19.9 billion in 2011.
...choices for executives, and gaining rapport with local suppliers, the corporation stands a good chance of achieving success in their foreign expansion.
The problem that World’s Finest Chocolate has its related to “inventory”, most of the time they have a deficient of inventory on hand, therefore, the counts never match they are either too short or too much inventory in the production area.
Fryer, Peter, and Kerstin Pinschower. "The Material Science of Chocolate." Mrs Bulletin December 2000: 1-5.
Milka is one of Mondelez International Inc. brands and the leading European chocolate. Milka chocolate unique lilac-colored packaging and the famous lilac cow symbolize the brand together with its Alpine heritage. Created by Suchard in 1901, Milka became very quickly the milk chocolate tablets specialist, which is now expanding to more delicious varieties and new products. ("Mondelez international," 2014)
Investing or venturing into the international market involves critical analysis of the internal and external environment in which the company operates. Usually, a company will decide to venture internationally due to a saturated market or fierce competition in the current country of operation. The demand for a company’s products may have diminished as a result of an economic crisis thus the company will target a foreign market to sustain its sales. In other words, the firms expand internationally to seek new customers for its products. For example, the current Euro zone crisis led to low demand in Europe and many companies extended their businesses to emerging markets where demand was high. A company may also venture in the international market to enhance the cost-effectiveness of its operations especially for manufacturing companies that will benefit from low costs of production in developing world. Global expansion is a long term project as it involves demanding logistics to be successful. Thorough research must be undertaken to ensure that the expansion will create value for share...
The Moroccan food culture is very unique and enticing through sight, smell, and taste in ways that many other cuisines cannot fulfill, all of which is due to its history and influences over the years. Morocco is located in Northern Africa right by the Mediterranean Sea. It 's location has been a great influence on both its history and culture. According to the Youngblood-Coleman (2015), Arab forces began to occupy Morocco in the seventeenth century. This then brought the Islamic culture and many other traditions, this since then, has had a large
Yousef AlMslmani, Saudi male artist, was born and raised in Hail; the natural beauty of its landscapes amazed him. This inspired his desire to pursue photography and surreal Photoshop effects when he stated back in 2003. Teaching art at schools in Hail did not stop Yousef from joining exhibitions and exposing his photographs. Yousef AlMslmani. (n.d.). Shaweesh is another Saudi male artist based in Riyadh. He began creating art in 2009 with graffiti art, and expanded his expertise to digital art street and pop art. Shaweesh pursues US pop culture and classic Arabic themes of art. He has 5 years of experience creating digital art, typography, and graffiti. Nihal, M. (2013). The Saudi man in the “Arab and Camel” artwork represents the lower class status with its harsh living conditions that the government deemed acceptable. The woman in the artwork “Attar” represents the struggles and hardship presented by society’s acceptance. Both artworks show persons from struggling communities, nevertheless they are content with their situations.