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Market analysis of burger king
Cause and effect on fast food popularity
Market analysis of burger king
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Sales and Marketing Plan
Student’s Name
Institution
Sales and Marketing Plan
Introduction
The business at hand is that of the sale of Pizza. It is hence in the industry of the fast food and hence its context is defined by the fast food industry. Pizza is a developing product that has gained much popularity among all walks of life but mostly among the youths. Pizza, being a food product, is perishable within a short period after production. The marketing plan is hence aimed at ensuring that the business attains a huge market that will ensure a smooth selling process of the Pizza (Manning, et al. 2015). The marketing plan entails the procedures and strategies that are fit for the organization to use to boost its sales and win customer loyalty.
Marketing message
The marketing message will assume the following outline.
Welcome to the fast food producing company that
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This will enhance the attainment of the set objectives in line with the marketing obligations.
Recommendation
As a recommendation, the marketing process of the pizza industry needs to be reviewed from time to time by the upcoming needs and targets (Arnett, & Wittmann, 2014). This will enable the organization to be updated on the needs, requirements of the customers as well as the ever-rising cases of customer preference changes (Westwood, 2013). Every strategy that needs to be incorporated needs to be included in the planning process. The inception of such in the planning stage will enhance preparedness in the undertakings and hence success in the future is enhanced.
References
Arnett, D. B., & Wittmann, C. M. (2014). Improving marketing success: The role of tacit knowledge exchange between sales and marketing. Journal of Business Research, 67(3), 324-331.
Manning, G. L., Ahearne, M., Reece, B., & MacKenzie, H. H. (2015). Selling today: Creating customer value. Pearson
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill Company.
Chapter 1 emphasis the importance of why marketing matters in our everyday lives. Cactus Rose is the first Latin American fusion cuisine restaurant that draws its own crowds also for its well-known tequila bar around the town of Wilton. They offer in their cuisine which includes fresh ingredients, natural beef, free range chicken, wild caught organic fish and seafood and also a variety of handcrafted margaritas. With the benefit of the marketing mix, Cactus Rose should think about what could impact its demand in terms of good, service or idea. The four Ps which are product, price, place and promotion. The four Ps will help Cactus Rose distinguish what they need to improve to better increase customer awareness, sales and profitability. A part of my contribution to the group project is conducting a new website for Cactus Rose. In terms of the four Ps, the improvements that are needed for this restaurant to gain more profit are more in the promotion decisions. In order to accomplish the marketing mix, our group planned to do more advertising for the restaurant through social
Domino’s pizza is known as one of the largest pizza food chains in the world. Domino’s competitors are comprised of stores like Pizza Hut, Papa Johns, and Cici’s. Domino’s has over ten thousand stores in more than seventy different countries. This company prides their self on having great tasting pizza and fast delivery times. Domino’s started in the 1960’s and grew their company fast throughout the years opening franchises in different states and continents. They tried to keep up with competition by making a bigger menu, having faster delivery, and by having online ordering. Although Domino’s is known worldwide, their reputation has not always been the best. Between 2008 and 2010 the Domino’s brand was crumbling from bad social media and horrible tasting pizza. The company started to focus solely on the pizza stores they competed with and neglected the broader view of the entire quick-service category. Between 2008 and 2010 Domino’s hired Russell Weiner s Chief Marketing Officer to transform the company. The company created a sense of urgency and got employees and leaders on board to reinvent their brand. The company worked as a team to come up with solutions to make their company both profitable for Domino’s and enjoyable to consumers. According to Robert Hooijberg and Dan Denison (2012) in “Leading Culture Change in Global Organizations” Domino’s started to focus on developing its capabilities, coordination and integration, customer focus and organizational learning (p. 3). By using these tools Domino’s was able to create a successful change initiative. Domino’s reinvented their brand by creating a new pizza and flavor, utilized social media, created a new campaign, offered convenient ordering options, and added a wider variet...
Although NRFC believe estimation of pizza sales could base on Contadina pasta's 24% market-penetration rate, more conservative calculation should take different ranges of penetration rate into consideration. By choosing three possible penetration rates of 5%. 15% and 25%, the estimated results are demonstrated in Exhibit 1. In all three scenarios, kit only concept will not make up to company's expectation. For kit and topping concept, only if penetration rate reach to 15%, launch decision could be supported.
Lamb, C. W., Hair, J. F., McDaniel, C. D., & Wardlow, D. L. (2009). Essentials of marketing (6th ed.). Cincinnati, Ohio: South-Western College Pub..
During the same period, Little Caesars made a strong push and they have continued to grow. Little Caesars' "two for one" marketing approach was effective in infiltrating the "mom's night off" segment, and is seen by customers as a great value. This is adding direct competition into our niche market share. Little Caesars is surely not making headway with the pizza connoisseurs, but it has effectively targeted a market in which Pizza Hut does not currently have a strong presence. 50% to55% of this market is made up of family dining situations. Our marketing team has conducted multiple data analyses on ways in which we can gain market share from Little Caesars within this market. After much thought and many hours of research, we have devised a marketing plan that will potentially improve our market share.
One of the following is an environment analysis of “largest Pizza chains” in the US and International. In the following sections, we will assess the environment analysis on “consumer satisfaction” and its re-formulated pizza recipe. Within the re-formulating and the expansion of its menu, we will see how they have been able to recapture some of the market with existing and new customers, with customer satisfaction and excellent delivery. Domino’s Pizza, for example, they have re-formulated their ingredients and added new items to their menu, but like Pizza Hut, Papa John’s, and Little Caesar, we will discuss their strength’s and weakness to be able to survive in the Pizza Industry. Within this report, I will cover the existing/future components of the general environment such as demographics, economics, political/legal, sociocultural, technological culture, and their efforts to remain a competitor in the industry.
Marketing and Branding is essential to survival. The possibility of food specials will need to be explored, as well as discounts for students, the elderly, and veterans. The ability...
The following plan is intended to provide a basic marketing communications plan for a fictitious company. The company in question operates in China and produces soft drinks, particularly adult soft drinks. The information in the plan has been sourced from various textbooks and online research including the National Bureau of Statistics China.
Domino’s Pizza is one of the world leaders in pizza delivery. It establishes in 1960 in the United States and operating with company-owned and franchise owned stores in International markets (Dominobiz, 2013). In this essay we will look through the operation management of Domino’s Pizza which in the core operation. Then, I will analyse the 4V model of attribute of demand for the service, the performance objective of the organisation, provide input-transformation-output diagram and supply network of the organisation. Lastly, provide improvement suggestion for Domino’s Pizza core operation.
Several facts are changing in today’s marketing communications. More companies adopt the new concept of integrated marketing communications (IMC) to convey a consistent message about their brand and products. Hence, IMC has played a powerful role and developed into a useful strategy for company to reach more customers and build good customer relationships. According to Herstein et al. (2008), IMC is one of a successful strategy that coordinates and integrates all of marketing communication tools to efficiently and economically influence between an organization and its existing and potential customers. Moreover, marketers can combine IMC tools (advertising, sale promotion, personal selling, direct marketing and public relations) rather than separate practices to create values and avoid potential conflicts (Duncan & Everett, 1993). In fast food industry, fast food chains integrate advertising, sale promotion, sponsorship, packaging and Internet to promote their products as well as build brand image (Sperber, 2003; Story & French, 2004; Morrison, 2010). Advertising is most used form of communication and the most frequently utilized medium due to it easily contact the target market, especially on television advertising (Story & French, 2004; Case, 2007). In addition, simple toys and products are typically used by fast food chains in children’s meal to attract children and adolescents.
...he relationship between tacit knowledge exchange and marketing success, it is said that tacit knowledge exchange influence the marketing success. The tacit knowledge shared by salespeople brings a deeper understanding of the market place and the customer to the decision-makers in marketing, which allows them to make better informed decisions.
“Marketing plan designs specific action programs that implement the desired strategy” (Walter & Dana, 2007,pp. 50). This marketing plan will look after the company’s vision, mission and values. Then, it will go on to the situation analysis where in it will discuss the competitiveness of the company among the others using the SWOT, PESTEL and Porter’s analysis. Next, it will move on to the objective of the company that will be presented and it will go on to the marketing mix strategies that need to be applied by the company in order to achieve the desired outcomes. Finally, it will present the budget to complete the effectiveness
In writing the business plan, I determined our target market and our marketing strategy to gain a share of the market. I also had t...
Wasserman, Michael. 15 Techniques When Dealing With Customers. My Success Company. 25 January 2005. .