Enterprise and Business Development - Zinlet Vegan and Organic Food Market
Verified
Added on 2023/06/18
|12
|812
|154
AI Summary
This presentation is the pitch for the newly developed small size business enterprise “Zinlet” that aims to increase the concern for health awareness and also by this creating sustainability. Learn about the market needs, value proposition, target customers, and revenue model of Zinlet Vegan and Organic Food Market.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Enterprise and business development
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Content Introduction Business idea Market needs Value proposition Target customers Revenue model Conclusion References
INTRODUCTION Entrepreneurship is the innovative process in which anentrepreneurconductadynamicprocessto create an enterprise. Thispresentationisthepitchforthenewly developed small size business enterprise “ Zinlet- vegan and organic food market”.
New Business idea In order to spread the word of healthy, fresh, organic and vegan food and drinksthe new business is created named as “Zinlet”. The firm is the small size organisation that aims to increase the concern for health awareness and also by this creating sustainability. The business has wide range of products among which there are both raw food and drinks and ready to eat meal. Zinlet vegan and organic food market
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Market Need The ways to identify the market need is : Beeverobservantandintrospective:byobservingthe competitors and their activities thee strengths and weaknesses of them can be identified. The weaknesses of the competitors can become the need of the market. Surveys:In order to understand and identify what customers are wants, expect and demand currently in the market the survey and interview are the best way to identify the needs of the market.
VALUE PROPOSITION The Value proposition canvas model isaeffectivetoolthathelpsthe company by ensuring that products are positioned around the customers valuesandneeds.Thismodelis divided into two building blocks i.e. customerprofileandcompany's value proposition.
Continue….. Customer profile:Gains,Pains, Customer jobs Value map:Gain creators, Pain relievers, Products and services The value proposition matrix is useful to analyse value proposition in respect of value to the customers and competitive advantage of the company.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TARGET CUSTOMERS The STP model is comprises of three activities: Segmentation, targeting and positioning. Segmentation:In Zinlet the market is segmented into basic two categories the vegan customers segment and health conscious customer segment. Targeting:All the customer segment must be distinct in order to target the group that can generate the revenue. Positioning:The Zinlet will use the social media advertising as their positioning strategy as through this company will reach high amount of youth that are the most health conscious group.
REVENUE MODEL When the company invest in starting a new business then the company expects to generate or earn the higher revenue in return. Ad- based revenue model:in the current business environment marketing and advertisement is very essential in order to speak the word of mouth of the product and also highlight the new product and its features in market. Retail sales:the setting of traditional physical departmental stores where the owner of the business offers the goods and service physically to their customers.
CONCLUSION From the above report it is concluded that entrepreneurs create a new business in order to solve the problems in the market by developing a product that meets the market needs and wants. For the successful development of the company and launch of its products analysing the market needs is essential. Thus, to right customer segment it is crucial for company to conduct market segmentation and targeting in order to effectively position in the market. Thus revenue is created through different revenue creation model such as freemium model, direct sales web-sales etc.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
References Landström, H., 2020. The evolution of entrepreneurship as a scholarly field.Foundations and Trends® in Entrepreneurship,16(2), pp.65-243. Haque, M.A., 2020. Market and Brand Development Strategy of ACI Consumer Brand Limited: A hands-on Practice through Customer Need Analysis technique. Pokorná, J and et. al., 2015. Value proposition canvas: identification of pains, gains and customerjobsatfarmers'markets.AGRISon-linePapersinEconomicsand Informatics,7(665-2016-45080), pp.123-130. Bigo, C., Raj, A. and Situmeang, R.R., 2021. Segmentation, Targeting, Positioning (STP), Communication and Price Strategies on Consumer Purchasing Decisions at PT. Alfa Scorpii Medan.Jurnal Mantik,4(4), pp.2370-2375. Xu, B., 2021. The Analysis on Revenue Model and the Platform of Taobao.Frontiers in Economics and Management,2(5), pp.64-67.