Subway's Market Entry Strategy in China with Farmacy Partnership
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Added on  2023/01/09
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This report analyzes Subway's market entry strategy in China through its partnership with Farmacy, a vegan food restaurant. It discusses the marketing objectives, segmentation, targeting, and positioning strategies. The report also reviews the competitive landscape and explores the marketing mix elements.
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EXECUTIVE SUMMARY Report has analysed various aspectsof international marketing where globally there are various new companies and brands coming up with high innovation business marketing, new attractive marketing mix services which builds on goodwill levels and higher marketing paradigms important for developing strong place. INTRODUCTION International marketing within global food industry has been gaining wide functional advancement amongoperations, mergers and various business amalgamation with various new restaurants with new ideas of strong diverse marketing paradigms through which it can be analyzed that consumers have wider choices and various food option. SUBWAY is one of the biggest global food companies which serve customers best products from various part of world within it stores and has been highly adopting philosophy of bringing veganism within food options. The brand has recently acquired Farmacy which produces organic protein based foods with high nutrition value where products many times look like non vegetarian food within their appearance and texture. Report explains global expansion of this product into Chinese market which facilitates speedy review of various marketing parameters for gaining alternative business development with wider innovation, creativity and forming global marketing plan. Report brings forward how Subway plans to target various young and health conspicuous people with innovative marketing mix factors and stronger objectives (Cateora, Meyer and Graham, 2020). Marketing environment TheChina business marketing environment holds enormous scope for Subway to bringbefore new partnership with Farmacy for various healthier food options and vegan recipes where people are widely looking upon new options as alternative for meat and dairy food products, beverages. ï‚·The Chinese business market is one of the highest prominently developing business place where new goals of wider innovation in marketing, promotion has opened up various pathways for new companies to establish firm place for higher competitive advantage levels.Marketing environment of china is widely growing up specifically in food and beverage industry where consumers are in high demand for various new healthycuisineswithnutritionalvaluecontentforyoungpeople.Subwayand
Farmacy food joint partnership will have strong market environment within China withvariousinnovativeveganfoodoptionsforyoungerandhealthconscious population who are widely looking upon adopting new food options. ï‚·Subway company will be able to promote new end marketing goals by developing higher end partnership with Farmacy and entering ontowider innovative business scenario where China has wide promising business opportunities to bring forward various new profitability within expansion . The young population of China are lately becoming known to how much nutrition is vegan food, and lately avoidingnon- veg food which has also contributed to global warming and depletion of animal resources. Sunway since has globally achieved goodwill forproviding bestservices to all customers who look for variety and innovative food quality options it has been profitability expanding in various new arenas (Katsikeas, Leonidou and Zeriti,2019). ï‚·The business marketing environment is highly dynamic with various digital platforms available forSubwayto promote its new marketing goals and innovative goals to bring before customers by partnership with Farmacy where the brand will be aiming to bring before vegan foodin the look and attractiveness of meat. The brand will be using various plant based protein sources such as soybean, various green leaves and highfibre and nutrition sources for attracting various consumers who are health conscious. China business environment is not only highly innovative to bring before various new end goals of innovative marketing but Subway will be able to achieve high profitability and long term consumer market share goodwill by developing new end goals along the partnership with Farmacy. ï‚·Business market of china is widely growing withvaried competitiveness and strong innovation with various new food companies coming upwith new business plans, expansion of high creativity with best yield of synergy where people look for various food options. Subway with partnership with Farmacy shall be able to develop strong networking of new goodwill parameters by bringing before various new paradigms of innovative business planswhich shall be focusing on vegan food options with high vegetariannutritionvalueproposition.Chinabeingoneofthebestdeveloped economy within world have various best marketing parameters available for strongly focusing new end business goals and also provide wide young age customer segments for higher profitability metrics (Li, Liu and Bustinza, 2019).
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Competitor review TheChina market is one of the most rapidly growing economy when it comes to analyze how many food and beverage companies are present within country having wide range of innovative services and widerange of customer segments withvarious high class new paradigms of creativity within them . Subway for bringing in new vegan food options within its mealswhere there are variousfood services available , menus with protein and fibre rich sourced protein where texture and appearance are highly correlated with meat options. The brand shall be focusing to use high quality organic food supplies and ingredients within its food services to reach higher customer segment goodwill with wide force of innovation among all parameters.Competitive market is highly important for developing expansion plans among various international market paradigms where there are various new companies coming up, start ups booming in with various resources of innovation and new end marketing styles for gaining wider customer segments confidence (Eteokleous, Leonidou and Katsikeas, 2016).China has various established food chainsand big companies who operatetheirbusinesswithvastinnovationandadvanceddevelopmentsynergyof innovation whereSubway need to competitively build on various new end goals of innovative marketing, leverage of keen synergy of innovation where various potential development shall be focused in for gaining wide customer support. International marketing is highly scoped place whereinvestment of various resources shall be done as perhigh strategic competitivedemands among consumer market where there is wide demand for keeping inwide leverage of mew synergy of potential development, higherprofitsand functional advancement among various resources. STP ï‚·Segmenting:Subway will segment its customersmarket share based on age groups and specific preferences for bringing up wider range and customer based satisfaction services through which goodwill is enhanced along withprofitability margins. Subway shall segment is customers into segments such as vegan food eaters , health consciouscustomersthroughwhichrapidevolutionisadoptedinbusiness partnership with Farmacy where there not only wide scope is present for bringing forward new chain of food products which will enhance brand name to lager global levels. China being one of the most advanced and rapidly growing business economy has various expansion opportunities for Subway to segment its business services into
customers from various age groups who prefer various new quality food services and wider healthy food options. ï‚·Targeting:The brand Subway shall further target its various segmented customers into various patterns by using various targeting techniques for innovativemarketing paradigms tofunctionally enhance its business proposition with higher value for gaining stronger metrics. This is highly important step for gaining wider reach among customers based on their specific preferences, new end goals and new relative advancement forgaining stronger metrics for higher effective business scenarios. Targeting will also ensure that Farmacy new ideas and philosophy of adopting vegan foodchoicestocurbvariousclimatechangefactorsandspreadingpositive developmentasthegoalandaimofSubwaytobedevelopedwithhigher effectiveness and customer satisfaction services with which new end goals are vividly formed upon new arenas (Kotler, Keller., and Leong, 2018). ï‚·Positioning :Positioning is also highly important for developing new end scope and wider goalsof business arenas among customerswithin china where Subway has already strong goodwill and various parameters of new innovation. The positioning factors will also rapidly develop strong marketing quality standards and also keenly promote wider technical advancement among operations to gain onto new competitive food and beverage industry where there are various brands available. Positioning will also make sure that company is able to develop best reflective synergy of new innovationamong products and targeting the various new position metrics for advancing new end competitors present within business world. Market entry strategy The market entry strategy of Subway with acquiring of Farmacy, vegan Food restaurant which specialises in various healthy food products and meals where texture and look of food looks like meat but are totally made from plant sourced protein rich in flavours and high nutrition value.The China Market holds various growth business opportunities for company where the market entry strategy shall be focused by using various social media platforms, new innovative creative ideas for promoting this to large section of people. The market entry strategy will also bbe focusing on best customer services within Subway stores and through online delivery apps where there is wide competitive development present. The ingredients such as plant sourced soybean, various high fibre meals and coconut milk rich deserts where everything is vegan andfreshly sourced from farm sources. The marketing
strategy shall be focusing to bring on rapid development, new leverage goals of new end digital marketing where the brand Subway is already largely developed and has specific focused market strength to bring on new determinants for gaining competitive place among business avenues. The marketing strategy will also be focused to use various communicative social media handles channels such as Facebook, YouTube,Instagram where high reach within customer segments can be effectively reached on among China business market (Asseraf, Lages,. and Shoham, 2019). Marketing objectives The marketing objectives for Subway which is acquiring Farmacyvegan food enterprise shall be to bring before high quality fresh ingredients food choices, where the look and texture shall be as meat but it will bemade with plant sourced protein and highly nutritious as it is loaded with high fibre content. The marketing objectives are as follows: ï‚·Subway will be able to develop wider innovation and reach onto diverse customer segments with entering in the China market where its economy ismostrapidly developing with high enddemand and various paradigms of strong consumer demands. Farmacy being one of thebest restaurantin UKproposesnew end marketing paradigms with use of soya reach ingredients within meals where quality richness of nutrition is widely focused for gaining strong profits and goodwill. The marketing objectives can be analyzed with the fact thatbrand seeks to bring before technical new end goals withusing up various social handles for marketing and promotional ethics programming new use of various resources with cost effective edge (Christofi, Vrontis and Thrassou, 2018). ï‚·Subway marketing goals by developing strong effective marketing ideas can also be understood from the fact that there is high demand for creative functional strength, high protein rich healthy foodgainingwide pace within competitive food and beverage industry. The company with use of best marketing practices with use of various digital websites will be able to develop strong competitive place among its vivid business scenario where the various parameters of growth are widely gaining competitive place. Marketing objectives will be strongly focused to bring on stronger effective reach among global customers where demand for vegan food has been continuously increasing.
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Marketing mix The marketing mix is one of most highly used innovative marketing tool which enables companies to promote its products strongly and with diverse factors among various customer segments where there is not only wide scope for brands to bring beforenew rational paradigms. Subway shall be using various metrics of marketing mixto develop competitive place among world whereittargets to use new innovative goals of bringing forward healthy vegan food cuisines within chinabusiness market wherethere is high competition present and also wide demands for healthy food options for people (Gnizy, 2016). ï‚·Place:The brand Subway has various stores and branches within China market where companyhasbeensuccessfullydevelopingstrongplacewithincompetitive global ,market scenario. Place factor also enhances how much reach and wide availability factors are thereamong customers for gaining new scope of profitability and stronger synergy ofinnovation and advancement. Place factor within marketing mix will also make sure that brand has wide reach and exploration parameters among customerswheretakeawayfacility,deliveryoptionsarewidelyavailablefor customization and higher profits within business scenario. ï‚·Price:Subway will use effective price range factors by keeping an affordable parameter for all products and meals being served within all stores, with best facilities and services available. Farmacy restaurant will also make sure to bring before evocative ideas, new price factors and innovative business cost effective ideas to fundamentally develop wide scope among business arenas. Price is highly important for gaining consumer strength and advancement among operations and services where brand also enjoys various goodwill paradigms. Price shall be developed as per wider competitive demand factor for reaching customer focused price strategies and also develop new end goals through which strong innovation can be inbuilt. ï‚·Product:Subway products arewidely known and are popular among customers globally because offresh ingredients and wide fresh supply ofbest nutrition meals which have made strong customer goodwill and wide profit paradigms among business services. The new partnership of business partnership with Farmacy, vegan food options with high protein rich sourced from natural fibre options shall be widely appreciated among people. Chinas has various group of people young and health
conscious where aim is to bring before various newvarieties for people who can experience wide change in their food habits. ï‚·Promotion :The promotion is another most important factor of marketing mix where company proposes various fundamental goals, new endparadigms for gaining wider segment strength with use of innovative promotional factors. The promotion factors are widely focused by Subway to uses social media handles and various digital platforms which are not only widely used by competitive marketing fundamentals by various best food companies and big brands which aim to bring before new goals for framing news strong goodwill and wider profit business ends. The company will be using digital marketing for promotion of new vision of bringing in vegan food options where Farmacy restaurant presents before high variety of plant sourced protein food choices with varied technical advancement (Fatehi, Priestley and Taasoobshirazi, 2018).Promotion tools will also make sure that customer satisfaction services are developed strongly by communicating with their concerns andpresenting before them varied marketing fundamentals. CONCLUSION Thereportcanbeconcludedwithevaluationandexplanationofhowvarious fundamentals of internationalmarketing shall be inbuilt among various levels of diverse functional advertisements where there are high level synergy of innovation demanded along with leverage of various goals for gaining strong consumer market share. Subway expansion onto international market of China by programming its expansion and partnership with Farmacy to bring before vegan food meal which in appearance and in looks of texture are very similar to nonveg food. The report concludes marketing entry strategies, communicative objectives with various customers market share and to yield on best STP strategies for gaining strong place among customers based on their demands along with strong resources development. Report also concludes innovative marketing mix for Subway where brand shall bring before new end goals and strategies for promoting, marketing its new services and product ideas within China market where there is high scope available. Subway by acquiring Farmacy, an organic food company serving various fresh meals of high nutrition value shall be programming on high end services and developed synergy of innovationwithin its company business levels (Paul and Rosado-Serrano, 2019).
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