This report analyses the challenges faced by Hellofresh, including customer retention and excessive packaging, and proposes solutions to overcome them. The report also discusses new opportunities for the organisation to achieve sustainable performance in the market.
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Table of Contents INTRODUCTION...........................................................................................................................4 MAIN BODY...................................................................................................................................4 TASK..............................................................................................................................................4 Description of the situation....................................................................................................5 Problem of the organisation and plan of Analysis..................................................................5 Analysis and Findings...........................................................................................................8 Proposed solution to problems...............................................................................................9 Recommendations................................................................................................................10 CONCLUSION.............................................................................................................................11 REFERENCES:.............................................................................................................................12 Books and Journals...............................................................................................................12
EXECUTIVE SUMMARY This report aims to analyse about understanding the various problems which is stopping the growth of the Hello fresh. On the other hand, the main focus of the report is to provide various solutions of the problems with the help of theories and frameworks. Along with that, the organisation can overcome the problems and can achieve a sustainable performance in the market. For further instance, the main focus is on the provide healthy meals during the time of Covid 19 to maximize the profits in the market. There are various challenges which might be faced by the brand. They need to improve certain areas in order to attract different target audience in the market. Hello fresh had improved their services and aims for the rapid expansion in different region to enhance the sales volume.
INTRODUCTION Hello fresh is the one of the most reputed meal kit company. Despite various challenges the organisation has seen an effective growth in the market.There are several issues which is faced by the organisation during the time of Covid 19. Hellofresh has expand their business in different other regions to maximize the overall profits. The report aims to analyse about addressing different problems which is faced by Hello fresh and provide solutions to overcome different challenges(Kim, 2019). The most ongoing challenge for the organisation is that they need to retain the customers with the help of different strategies and approaches and generate more profits in the market. The customer retention problems was mainly due to the pricing of the products and taste. Another concern for Hello fresh is there is excessive packaging of the products which questions the organisation sustainability in the market. On the other hand, in this report there will be brief discussion about new opportunities on which the organisation can capitalise to achieve a sustainable performance in the market. Along with that, in this report there will be brief discussion about new opportunities on which the company can capitalise in the market. With the help of significant improvement they can acquire a huge share in the industry. For further instance, in this report there will evaluation of different concepts and principles which the organisation can implement in the workplace and achieve great results in the market. MAIN BODY TASK Aim:To analyse the issues faced by the Hellofresh which is customer retention, This is the primarily one of the major issue which is stopping the organisation to perform as per their full potential. The second major concern which is faced by the organisation is excessive packaging of the products which creates a negative impact on the environment. They are fail to achieve a sustainable performance in the market. Objectives: To analyse the concern of the customer retention in Hellofresh To evaluate the issues which the organisation is facing and solving the problem of excessive packaging of products and services.
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Toexaminethestrategiesthatwillhelptheorganisationtoovercomedifferent challenges. Description of the situation Hellofresh is one of the fastest growing organisation which offers meal kit to different consumers in the market. Due to the ethical practices the organisation has managed to acquire a huge share in the market. They had established their business operations in 14 other regions. The main vision of the organisation is to expand their services in other regions as well and dominate the market(Hanaysha, 2018) (Huarng,and Yu,2020). The main ongoing challenge for the organisation is customer retention. Hellofresh needs to use multiple strategies and approaches in order to attract different customers and maximize the sales volume. The management had to innovate new ideas to gain a competitive advantage in the market. They need to become superior and use the promotion strategies with the help of different campaigns to attract new potential customers. Another major concern for the organisation is that they minimize the packaging of the products. This will impact the environment in an negative way. They need to achieve sustainable performance in the industry. On the other hand, Hellofresh needs to take different measures to overcome different challenges which is stopping the growth. They also needs to maintain a positive brand integrity in the market. The case study of Hellofresh revolves around the two major concerns which needs to addressed in a systematic manner. The management needs to invest in minimizing the waste and preserve the environment. With the changing market conditions they needs to provide better services and products in order to gain a competitive advantage in the industry(Leong,Ahady,and Muhamad, 2022). The principles and ethical values will help the organisation to gain preserve the nature and optimize the resources in a systematic manner. The organisation can implement a digital infrastructure in order to manage their working operations. Problem of the organisation and plan of Analysis Statement of the Problem:The main problem which is analysed form the case study is HelloFresh is further categorised in two parts which isdescribed below: Customer retention –The main concern for the organisation is they need to attract different individuals in the market in order to maximize the profits. They need to take differentmeasurestoovercomethischallenge.ThemainpriorityforHellofresh management is that they needs to improve their services to attain maximum customer
satisfaction(Quach, 2022). This will significantly help them to retain different consumers in the market. They can use the social media platforms to target new potential customer and improvise the overall sales of the organisation. Excessive packaging in products– This is another major concern which is questioning the organisation sustainability in the market. They needs to minimize the packaging to preserve the environment. This will also help them to improve the positive brand integrity in the market. They need to analyse the new marketing conditions and works in a systematic manner(Ross,2018). Hellofresh needs to upgrade their technology and use the new advancements in order to achieve a sustainable performance in the industry. They need to plan their working operations and various other critical factors in which they are lacking. They can comply with the new surrounding in order to provide better services to the market. Proposed Plan Analysis It is a systematic roadmap for Hellofresh by evaluating the critical areas which could resolve the problem for the organisation and help them to achieve great results in the future. This particular analysis will help the researcher to solve the two problems identified from the case study. Research Questions What is the importance of customer retention for the organisation ? What are the issues which the organisation is facing to solve the problem and improvise the sales of the products ? What are strategies which Hellofresh can use to achieve great results in the market ? Literature Review What is the importance of customer retention for the organisation in the market ? According to the Customer retention plays a vital role which can help the organisation to enhance the sales volume(Mahmoud, Hinson,and Adika,2018). This will be attained by providing excellent quality products and services to the consumers in the market. In order to achieve great results the organisation needs to use different platforms to promote the products and expand their business operations in different regions. The main vision of the company is to generate more profits and gain competitive advantage in the market. Hellofresh needs to use various technological tools to attract the potential customers. With the changing market scenario
they need to provide the products according to the customer preferences. They will be able to dominate the market by following the ethical practices. What are the issues which the organisation is facing to solve different problems and improvise the sales of the products ? According to the the sales of products and services could be increased by providing quality products and services to the customers. With the formulation of different strategies the organisation can achieve better results in the future(Larsson,and Broström,2019). The major issue is the technology which needs to be imported in systemic manner. Hellofresh can indulge in various joint ventures to generate more capital and implement necessary solutions of the concerns. This will surely help them to improve the overall sales of the products and they are bale to attract new customers in the market. This will help them to gain a competitive advantage in the market. What are strategies which Hellofresh can use to achieve great results in the market ? According to the Hellofresh could implement various strategies to dominate the market and acquire a huge share in the industry. They can use the three basic principles which is effectivelymentioned below: Step 1:Providing quality products to the consumers to achieve increased retention Step 2:Implement the feedback system which could help the company to improve various critical areas of the organisation. Step 3:using different social media platform to attract new customers from the market. The strategy is used by the Hellofresh is effective in terms of every manner. They can dominate the market and enhance the sales volume(Bhatt, 2020). They are able to attract new targets customers in the market and acquire huge share. The three strategies could help the organisation to achieve to success in thefuture. Providing better products –The organisation can provide better products toe the consumerto attain maximum customer satisfaction. They are bale to dominate the market. This will enhance the overall sales of the organisation. Implement new system to improve the areas –The organisation needs to implement new ways and indulge a feedback system. This will help them to improve the critical areas and achieve greater performance in the market.
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Build a heathy relationship with the customers– This plays one of the most vital role which could help the organisation to achieve different targets and retain the customers in an effective manner. Hellofresh needs to follow different ethics and values in order to achieve a huge customer share and dominate the market. Analysis and Findings From the above plan of analysis and problem statement there are different measures which Hellofresh can take in order to overcome different challenges and increase the profits in the market. The organisation needs to take effective measures in order to offer better products to the consumers(Stolberg,2019). This wills surely increase the customer retention rate for the company. From the above problem statements and the literature review the organisation needs to use the certain principles to effectively improve various areas and address the concerns. The company needs to introduce new ways and indulge in various joint ventures. This will help them to become more profitable in the market. Findings It has been analysed that Hellofresh needs to introduce new ways to become more efficientandoptimizetheiroverallperformance.Withthenewtechnological advancementstheycansignificantlyprovidebetterservicesandproductstothe consumers in the market. It has been analysed that the organisation has managed to achieve a systematic growth in the market(Bischof, and Rudolph, 2021). They had improved various factors and expand their business in different other regions for the recent years. This will certainly help them to incur more profits in the market and achieve greater results in the future. From the industry it has been analysed that Hellofresh needs to introduce new ways to retain the customers. They need to provide the products according to the customer preferences. With the formulation of right strategies and approaches they are able to acquire a huge share in the market. The organisation has expanded their business by providing different quality products to the consumers. They had provide the products which are gluten free and healthy (DeTienne, and Westwood, 2019). This is the major source to attract different individuals in the market and achieve more profitability.
The organisation has expanded their boundaries and provide essential products for the different regions. They value their customers which is one of the major source. It helps them to achieve success in the industry. It has been analysed that the organisation can attract the customers with the help of loyalty rewards. This will help them to build a healthy relationship with the consumers. They need to offer better products and needs to attain maximum customer satisfaction in the industry. Proposed solution to problems After analysing the problems of the Hellofresh there are various new ideas which the organisation could innovate in order to become more efficient and improve serval areas of the organisation(Guardiola Ramírez, 2019).They tend to focus on different areas which will make them dominate the market and help them to gain a competitive advantage in the upcoming future. The solution of the challenge isdescribed below: The organisation needs to implement new ideas in order to acquire a huge share in the industry. The management needs towork with the employees in a coordinated way and impoverish certain areas to offer better products to the consumers. There a re various new opportunities in the industry on which the organisation can capitalise in an effective manner. Hellofresh needs to enhance their digital infrastructure to improve certain areas in the market. This will help them to optimize the performance and through this they are able to achieve great results in the future. The organisation needs to use different principles and establish an enhanced structure in the workplace(Katte, 2019). This will help them to improvise the productivity of the workplace and increase the working operations. They can offer better products to the consumers with the implementation of new structure in the workplace. They could expand their business in other regions and provide the products which fulfils the needs and wants. They can also use the different platforms in the new era to attract potential customers from the market. With the indulgent in new campaigns they can promote the products at a rapid pace and generate more revenues in the industry.
The main plus point for the organisation is the experience which help them to attract different audience. They hadmanaged to build a healthy relationship with the customer which will help them to create a step forward toward the competition. ThebestfitsolutionforHellofreshisthattheyneedtoimplementthedigital infrastructure in the workplace. This will help them to become more profitable in the market. They can retain the customers and help them to achieve greater results in the future. There are various other opportunities with the changing market trends they can capitalise in a systematic manner. On the other hand, they can build healthy relationship with the customers and enhance the sales(Wierckx,2020). This will benefit them in the upcoming future and optimise their performance in a significant manner. This is one of the most suitable solution which could solve major problem for the organisation. With the formulation of different strategies and addressing the concern in an significant manner Hellofresh will able to achieve better performance in the industry. The main vision of the organisation is to provide healthy meals to the consumers which benefits them in an appropriate manner. Recommendations With the implementation of right technology and different tools Hellofresh can manage the work operations effectively and offer excellent quality services to the customers in the market. This will also help them to utilise the resources in an effective manner. They can offer better products to the consumer. On the other hand they can attract the consumers with the help of different rewards. This will help them to build a healthy relationship with other individuals. They could generate more profits in the market. Hellofresh can offer loyalty points to the consumers which will help them to retain different customers. This will help them to gain a competitive advantage over the competitors. The main vision of the organisation is to expand their business in different regions and achieve different targets in the market. Hellofresh can implement a feedback system to improve various critical areas of the organisation. With the help of new technology they can understand the customer preferences and improve the company overall performance. The management of Hellofresh needs to innovate new ideas and address the concerns and overcome different challenges. There are various benefits which could help the company
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to grow their business in different regions by fulfilling the needs and desires of the consumers. Scope:It has been analysed that there was not much wider scope for conducting the research. It is based on local level which does not consist wide information form range of sources. For further research, it will make sure that the information and data will be collected on national level. CONCLUSION From the above report. it has been concluded that the organisation needs to take different measures in order to offer better products and services to the consumers. On the other hand, in this report there is brief discussion about various measures which is stopping the growth of the organisation. Along with that, there is evaluation of different techniques and principles which I could be beneficial for the company. For further instance, in this report there is discussion about new opportunities on which the company could capitalise and enhance the sales in the market.
REFERENCES: Books and Journals Bhatt, S.K., 2020, December. Survey on Big Data Analytics: Domain Areas and Features. In2020 2ndInternationalConferenceonAdvancesinComputing,Communication Control and Networking (ICACCCN)(pp. 254-258). IEEE. Bischof, S. and Rudolph, T., 2021.Consumer Goods Subscriptions: How to Win in Retail in the 21st Century. Walter de Gruyter GmbH & Co KG. DeTienne, K.B. and Westwood, J., 2019. An Empirical Study of Service Recovery Quality and Customer Retention.Journal of Management Research,19(4), pp.235-249. Guardiola Ramírez, F., 2019. Towards Paper Insulation Packaging: Evaluation of Thermal and Logistics Performance. A Case Study at HelloFresh. Hanaysha, J.R., 2018. Customer retention and the mediating role of perceived value in retail industry.WorldJournalofEntrepreneurship,ManagementandSustainable Development. Huarng, K.H. and Yu, T.H.K., 2020. The impact of surge pricing on customer retention.Journal of Business Research,120, pp.175-180. Katte,L.M.V.,2019.HelloFresh:arecipeforsustainablemarketleadership?(Doctoral dissertation). Kim, J., 2019. The impact of different price promotions on customer retention.Journal of Retailing and Consumer Services,46, pp.95-102. Larsson, A. and Broström, E., 2019. Ensuring customer retention: insurers’ perception of customer loyalty.Marketing Intelligence & Planning. Leong, V.S., Ahady, D.M.H. and Muhamad, N., 2022. Corporate image as an enabler of customer retention.International Journal of Quality and Service Sciences, (ahead-of- print). Mahmoud, M.A., Hinson, R.E. and Adika, M.K., 2018. The effect of trust, commitment, and conflicthandlingoncustomerretention:themediatingroleofcustomer satisfaction.Journal of Relationship Marketing,17(4), pp.257-276. Quach, S., 2022. Customer retention: Exploring the effects of relationship layers and perceived indifference.Journal of Consumer Behaviour,21(3), pp.543-553. Ross,N.,2018.Customerretentioninfreemiumapplications.Journalofmarketing analytics,6(4), pp.127-137. Stolberg, T., 2019. Applicability of bio-based polymer packaging in the meal kit context-A case study with HelloFresh. Wierckx, P.J., 2020. The Retention Rate Illusion: Understanding the Relationship Between Retention Rates and the Strength of Subscription-Based Businesses.Journal of Applied Business & Economics,22(14).