This case study explores the entrepreneurship of Senor Sisig, a food truck business that combines Mexican, Filipino, and American cuisines. It discusses the target market, customer concerns, solutions, differential advantage, and how to leverage it.
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Running head: Introduction to Entrepreneurship1 Entrepreneurship: Senor Sisig Case Study Student’s Name Institutional Affiliation
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INTRODUCTION TO ENTREPRENEURSHIP2 Entrepreneurship: Senor Sisig Case Study Target Market One of the markets that Sisig has managed to capture is vegetarians. The Burritos, Fajitas, and Tacos offered by Senor Sisig target vegans and non-vegans alike. For Vegans, Sisig’s cuisines offer a perfect blend of vegetables, carbohydrates, roughages, and spices in their sumptuous dishes. In the Bay Area Region, many residents are accustomed to street food. Vegetarians now have a food joint they could go to without having to swift through restaurant menus to find a vegan meal. Additionally, Sisig has managed to combine Filipino, Mexican, and American cuisines, this way vegetarians who are either Filipino, Mexican, or American will not feel left out in their offerings. Customer Concerns The major concern with many popular food trucks is the long queues. Sisig is no exception to this occurrence. Many people flock to Sisig food trucks with the intention of getting their favorite dishes. As a result, the long queues would have customers wait for long before they are served. The other concern is that the demand tends to overcome the supply. Due to the long queues, some clients miss out on what they had gone to buy because the products have run out. This is one issue that is often raised a lot in the food truck business. Solutions to Customer Concerns One of the key strategies that could be used to address the customer concerns raised above is market penetration. For example, they could introduce door to door sales or outside catering to target professionals who leave their offices to queue in the food truck lines. By identifying strategic door to door
INTRODUCTION TO ENTREPRENEURSHIP2 sales locations, Sisig could significantly reduce their long queues. Market penetration could also help them solve the issue of scarcity (Meyer & Tran 2006).By making more products, there will be fewer cases of customers missing out on their favorite meals. Differential Advantage One of the differential advantages that Sisig has over other food truck businesses is her ability to fuse Mexican, Filipino, and American cuisines in her dishes. While a majority of the food truck businesses offer common foods or may major purely on Mexican, American, or Filipino dishes, Sisig has managed to outdo them by capturing the Mexican, American, and Filipino clients. How To Leverage The Differential Advantage The smartest approach to leveraging Sisig’s edge in the food truck industry would be to use the diversification approach in line with the 4ps of marketing (Goi 2009).Sisig should add new products to their existing collection. The product should address customer concerns and demand. For example, they may introduce a recipe of burritos or tacos that is an alternative for vegans who cannot take their non- vegan recipes. Differential pricing could also be advantageous to Sisig. Pricing capabilities play an important role in the sales of any given business (Johansson et.al 2012). Differential pricing and segmentation on the Internet: the case of hotels.Management Decision,39(4), 252-262.. Since all of Sisig’s products sell for no more than $12, they should capitalize on their affordability and introduce a cuisine that is cheap. The other thing to consider is promotion. They should think about what makes their product stand out and why it is different from other offerings, and capitalize on these features in their marketing messages.
INTRODUCTION TO ENTREPRENEURSHIP2 According toKramoliš & Kopečková, placement would increase Sisig’s competitiveness (2013).Where Sisig will place its products will affect her market share. They could recruit interns to market their products to business premises, residential premises, and in strategic spots across the city in an effort to popularize the new product.
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INTRODUCTION TO ENTREPRENEURSHIP2 References Goi, C. L. (2009). A review of marketing mix: 4Ps or More?.International journal of marketing studies,1(1), 2. Johansson, M., Hallberg, N., Hinterhuber, A., Zbaracki, M., & Liozu, S. (2012). Pricing strategies and pricing capabilities.Journal of Revenue and Pricing Management,11(1), 4-11. Kramoliš, J., & Kopečková, M. (2013). Product Placement: A smart marketing tool shifting a company to the next competitive level.Journal of Competitiveness. Meyer, K. E., & Tran, Y. T. T. (2006). Market penetration and acquisition strategies for emerging economies.Long Range Planning,39(2), 177-197.