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Marketing is one of the significant aspects, which is considered by every organisation for global expansion. It is important for the business to manage its marketing structure to promote the products to the new market. Moreover, the concept of marketing is vital as it is based on the targeted market and the type of the product to be promoted. In this regard, it is stated that, one of the marketing agencies has been requested by a global chocolate manufacturer to work with them for the launch of a chocolate bar. The chocolate manufactured by the company is dark in nature and is of good quality with 150gm of weight. The objective of the company is to launch the chocolate in South America for a prosperous venture. The target market for the dark chocolate is the ageing population over the age of 65 years. The aim of the company is to launch the chocolate bar in South America targeting at the over 65’s market (Cant & et. al., 2009). The aim of the paper is to market the chocolate in the global market focusing on the ageing population of over 65 years. 2. Changing Global Market for the over 65’s Market The global market is showing changing trend in the market due to the demographic factors, specially the ageing population. It is observed that the trend of market is focusing more on the people above the age group of 65 years. This is a long term change and a lasting trend which is taking place in both the developed as well as developing countries. This change is observed in several countries which include the United Kingdom, the United States of America and others with increasing aging population. It is evidential that in the past few years the life expectancy rate has increased to a considerable extent as compared to the 1970’s by 5... ... middle of paper ... ...ntrepreneurship, pp. 2-52. Perry, G. & Leipziger, D.M., 1999. Chile: Recent Policy Lessons and Emerging Challenges. World Bank Publications. Paul, J., 2008. International Marketing: Text and Cases. Tata McGraw-Hill Education. Roberts, M., 2014. Gut Bacteria Turn Dark Chocolate 'Healthy'. BBC. [Online] Available at: http://www.bbc.com/news/health-26626507 [Accessed April 8, 2014]. Slide Share, 2014. Industry Analysis. Industry. [Online] Available at: http://www.slideshare.net/angelteezhiqi/industry-analysis-15701119 [Accessed April 08, 2014]. Santos, P.M., 2006. Relations Between Portugal and Brazil. JPH, Vol.4, No.2, pp. 1-15. The Hofstede Centre, 2014. What about Brazil? Brazil. [Online] Available at: http://geert-hofstede.com/brazil.html [Accessed April 08, 2014]. World Bank, 2013. Business Environment Snapshot for Brazil. Downloads, pp. 1-7.
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.
Market research and information about the industry is very important to the organization because it will allow the organization to position itself well in terms of sourcing chocolate raw materials and in identifying the market for its products. For example, understanding that some chocolate product purchases are seasonal, e.g., at Christmas; around Mother’s Day; and, on Valentine’s Day, allows the organization to have more product on hand and to create displays, in store, that will increase purchases and attract more customers when existing customers tell their friends about the availability of high end products, at reasonable prices, in their store.
The key issues facing the client are that; firstly; the business is focusing all of its energy onto the youth market and not attracting business and sales from the older demographic that in years to come will be a massive market, which is as yet untapped. This may be due to the fact that one of the client's main aim is to "help provide children with healthier food" (GMID 2007). Secondly; the client has not fully taken into account the changing lifestyles of people and their demands, emerging markets within the health drinks market such as health snacks have not been considered by the client and must be if they wish to expand their business and move away from being known as a one product business.
Coe, Sophie D., and Michael D. Coe. The True History of Chocolate. 2nd ed. New York: Thames and Hudson, 2007. Print.
In the early 1990’s, as Chile transitioned into democracy, a campaign was begun to position Chile as the “Gateway into the Americas.” This campaign focused on “openness” or better stated “open regionalism” in order to promote market growth and advance its markets diversification (China Quarterly). As a result from its new market strategy, Chile shifted its focus from trade with superpowers such as the United States and European Union towards the Asian pacific region (Heine 2005). In 1993, Chile joined the APEC organization, making them the second Latin American country to do so (Alvarez 1998). Being a part of this agreement allowed Chile to further tap into Asian markets and gave Chile the opportunity to be exposed to many more trading partners. It also further projected their trade ...
The main problem I see is, which would be for any business, if that they have struggled to achieve profitability and growth with it being in business for four years so far. The thing that has kept the business alive this far is the positioning of her products in some of the location’s, but although she has been successful in some places she has really struggled getting her business to expand outside of Moscow. Another thing that is hurting her is that she does not have a target group really, so therefore she does not know exactly where is best to place her products. On top of that it is already hard to find customers that will enjoy the mixture of hot and spicy with chocolate. Because of the unusual mix of foods this also puts her products
To do so Apollo has bought the rights of Montreaux Chocolate company to sell Swiss dark chocolate in USA. They also partnered with Neilsen Bases to evaluate and improve the new dark chocolate initiative and also created New Development Group to achieve national distribution. The problem for Apollo was that the consumer had never tasted the product, they had narrowed down from 45 to 12 ideas on the bases of the online survey of 200 consumers. As the data collected by the company was on a hunch and not because of actual product testing. The Mountain Man beer case is about the company trying to improve it sales and profits and also trying to convince the launch of a new light beer in the market to improve profits. The company is planning to launch this new light beer just so that they can target the younger demographic as they prefer light beer over the strong beers in the market. The main problem for the Mountain Man beer was that they had limited financial capital to support the launch of a new product. In both the cases they have a similar problem, both of them were trying to tap into a new market segment so they can increase their market share and profits. The problem for both the companies was that all the testing was done via internet surveys and none of the customer base had never tasted the product. All the data that was collected over a
What do the statistics reveal about the product? This reveals that the market for the two products is present, and combining them will result in a profitable business. This paper is a report on targeting and segmenting the new liquor-filled chocolates as a potential business. To begin with, it is crucial to appreciate the meaning of segmentation and targeting, because these two terms lay the foundation for this report. Consequently, segmentation is dividing a market, into groups of consumers with homogenous traits in order to provide each group with the desired product.
The international business development has heightened the importance of international market selection (IMS) of companies, especially for their exporting strategy. However, not many companies really comprehend the geographical, social, economic characteristics of foreign countries in comparison with their home countries (Cavusgil, 1985). This fact has challenged many studies to create the optimal approach for IMS. The major question is: Which foreign market should a company enter? Thus, this report focuses on providing a practical consultancy to evaluate and determine its most appropriate foreign markets.
Recently the company sales was hit with a growing demand for low-carb snack bars. Customer preference has changed towards the NRG-A and NRG-B bars and so they want a product with low-carbohydrates in it. Fitter Snacker decides to put a new low-carb bars into the market because of its plans to remain in competition even though it isn’t recording any lost in sales.
Brazil is a diverse and enormous country. There are large, medium and small sized aities that stretch from coast. From Brazilian cit...
Marketing is a fundamental aspect of all businesses, whether they are set out to make a profit, or charitable organisations - they will have to carry out marketing research of some description. It has been described as being, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (Chartered Institute of Marketing) This essay will explore the role of marketing in a marketing oriented business and different aspects of the external environment that a smartphone company should be aware of. The points raised throughout will be supported using relevant journals, textbooks and newspaper articles.
Of course with any age group not everyone who populates it will be a firm consumer of the product concerned. Evidence suggests however that the over 50’s could be a profitable target audience. Studying consumer behavior Kellogg’s quite rightly stated over 50’s behavior suit breakfast products, commenting 65+ year olds “Spend longer on breakfast” (Kellogg’s) emphasizing that breakfast does feature if not more in the over 50’s market segment than others. Economics also determine the potential of this market s...
To acquire a significant market share, the company will employ the 4Ps of marketing mix. The company will offer healthy product unrivalled in the market. A thorough market research identified this lucrative but ignored opportunity in the market. The company will ensure that its products are competitively priced such that a wider segment of the target market can afford them. This will also aid in lifestyle change i.e. from junk to healthy food. Already, the company has set up strategic joints in Auckland and Wellington; plans are complete to have outlets in all urban areas for ease of accessibility. Through the use of the mass media (television and radio) as well as the social media platform, the company will intensely market its products to secure a significant portion of the market.
Regardless of the success of your company on a national scale, to engage yourself in a successful venture outside of your borders requires several critical elements that one must acknowledge and apply with great care. One of those requirements would be to thoroughly research the cultural environment in which you wish to launch your product no matter how popular and indispensable you believe it might be. In the past, many national giants have hit the wall when introducing a foreign market or launching a new marketing campaign because of the cultural gap they encountered on the other side of their borders. Another way of preventing a flop on an international market is to carefully study the economical past of this country, which might differ quite a bit from the one the company flourished in. In addition to the previous precautions, it Would be advise to make sure that your product will blend seamlessly within the spending habits of the consumers. Overall, meticulous market studies and patience often constitute the way to success on a foreign soil.