This report discusses the marketing strategies for a new fast-food brand and its potential success in the market. It includes an analysis of the market and customers, financial objectives, and implementation plans.
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Executive summary The very sole objective for undertaking this report is to decide whether the launch of a new fast-food brand will be able to penetrate successfully within the market or it fail to obtain a major proportion of the market. The fast-food chain industry like that of McDonald's and Hungry Jack's, taking into view the marketing operations and business strategies of such firm, the rival new brand is about to be launched, which will be extraordinary in terms of the services.
Table of Contents Background to sustainable offering.................................................................................................5 Environmental analysis....................................................................................................................5 Market and customer analysis.........................................................................................................6 Financial objectives.........................................................................................................................7 Marketing objectives.......................................................................................................................7 Stakeholder objectives:....................................................................................................................8 Target Market..................................................................................................................................8 Marketing strategies.........................................................................................................................9 Market positioning...........................................................................................................................9 Product offering...............................................................................................................................9 Optional additional product-related strategies for service-oriented offerings...............................10 People:.......................................................................................................................................10 Process:......................................................................................................................................10 Physical evidence:.....................................................................................................................10 Price setup strategy........................................................................................................................11 Promotional marketing campaigns................................................................................................12 Marketing implementation.............................................................................................................12 Budget............................................................................................................................................13 Evaluation and control...................................................................................................................14
Background to sustainable offering The nature of the consumer product that will be offered to the customers will be the fast food category and is designed for instant consumption. There will be an administrative body; our staff will serve the clients as they understand the importance of time that stays in the hand of the customers. The staff is trained to serve in a manner that would be convenient for the passing by consumers to consume the food while he/she is walking down the street. There has been a separate menu targeting the youngsters which are designed in a portable manner so that the youngsters can enjoy the food along with their activities. We give priority to the family members too. Environmental analysis We make a strategic plan to deliver goods at such that the consumers feel comfortable to consume while carrying on their desired activities. We aim to serve a quick and portable manner. We care for the consumers that arrive in our counter, we understand their rush and taking into account their value of the time we have designed the entire menu of food products. Besides, the economy is now well aware of the health issues with the fast foods category for which we have implemented a separate menu for health-conscious consumers. To attract the interest of the consumers, we aim to make more and more healthy products with the introduction of the developmentphase.Foodsegmentscontainfoodproductsthatareoflowcaloriesand cholesterols thus maintaining the health of the consumers. We mainly aim towards health which is something new within the fast food industry. This will be one of the key aspects for pulling the consumers. The popularity of fast food items is increasing at a high pace and taking into consideration the market. There is a huge scope for such marketing business plan within the near future. The food brands like McDonald's, KFC, Dominos, Subway and Wendy's have gain fame
and popularity but fails to take care of the health-related issues. Market and customer analysis The World Health Organization (WHO), stated that within the ear of this 21stcentury, there exists a huge threat to the wellbeing and health of the consumers, especially of the youngsters. The market is favorable for fast food consumption; people’s consumption behavior towards a particular food category is very desirable. In the era of 2010, the WHO has stated that there exists a total number of 42 million kids, they are under the age group of five years, yet they are facing with the issue of obesity. The major issue is that this particular problem seems to be increasing at a huge rate and there is a requirement of the preventive step to make the market stable along with the economy. The foods which are available now are of junk food categories, which will lead to some diseases in consumed at a high rate. Diseases such as diabetes and cardiovascular sickness are taking place because of the consumption of junk foods. The youths are mainly attracted to the fast food chains in spite of the health-oriented product category. Within the era of 2010, about 17 percent of the Aussie consumers were addressed as overweight, and that too most proportion were the youngsters. The expense takes place in respect to cure the disease or to undertake preventive steps; we aim to acquire this money to be contributed towards the health conscious products. Financial objectives The new fast chain business unit, claim for a total sale of about$1,641,104. The firm’s projected profit outstand to amount$123, S56-7.55%ofSales. The Return on Investment is assumed to be$60,772:(-3.S %). Beside the following actions are taken: • Sales - Continuous monitoring through the generation of cash register reports, to ensure that targets
are met. • Return on investment (ROI)- calculated as per annual basis, and is formulated within the end of the financial year and after generation, it is being compared with that of the planned budget. Marketing objectives The characteristic of product offering- The product that is served will be of low price category and is designed with the view for quick and instant consumption. Product offered will be cheap food is intended for quick utilization and must be utilized once before a second buy is required. There will be administration components; We make our employees trained enough to serve the consumers that arrive at our counter with a qualitative food and that too in a manner that would be suitable for the consumers to consume it while they are on their way. Our kid's menu is given special focus in order to take care of their health issues. Healthy, nutritious nature-based food products at a fraction of time and as fast as possible. Unique Selling Proposition (USP) – The necessary ingredients required are acquired after a couple of tests is being carried on to make sure the quality of the ingredients. They are endorsed by the National Heart Foundation (National Heart Foundation 2011). This ensures thatthefoodprovidedwillbeofassurancequalityandanacceptablemarkbythe endorsement team. Stakeholder objectives: They are theowners as well as the investors of the company. Their sole objective is to earn a satisfactory amount of profit in order to make the firm sustain within the market. The investment is carried out to acquire a profitable return to expand further business operations.
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Target Market Our primary area of focus will be on the household sector as well as the youngster. However, we have given special focus upon the menu of the children choice keeping into view their health criteria. The food that we serve will consist mostly of the proteins supplement. The health factor is the key to our planning as this will the innovation within the fast food industry. Our marketing vision comprises of the fact that since, they are already a consumer of the fast food so, making them aware of the health-related fast foods will gain us a major proportion of the market share. We aim to add nutritional value to our foods chain. Marketing strategies Joint participation with the local market chains in order to push the food within the local market. Providing attractive offers like free trials, and coupons. Positioning of a promotional medium such as ads, banner, and billboard within the local outlets. Making use of the brand equity and goodwill of the brand. Since it is a franchise there lies a huge scope to penetrate within the market. Market positioning Inparticular,ourmarketofferingisahealth-orientednatureproduct.Themain concentration of the food that we will provide to the end customers will be of health aspects. We make sure that the quality of the foods passes through the National Health Foundation of Australia's assurance of endorsement.
Product offering We aim to deliver foods that are healthy and cannot be addressed as a threat towards health. The sole objective is to make it ready for quick consumption. We train the staff to deliver food ta a glimpse of time for instant consumption. Price setup strategy We will provide at a low price in the very first stage, after gaining the interest of the consumer’s we will make the price of the products high. We will also care and provide special offers to those who will consume in a bulk amount. The business firm will head for direct distribution channel using, Value-Added Reseller (VAR). Wholesaler/Distributor. Direct/Internet. Consultant. Retail. Dealer. Direct/Catalog. Direct/Sales Team. Sales Agent/Manufacturer’s Rep. Promotional marketing campaigns Guerrilla marketing:This is a specific kind of marketing strategy that we plan to make
use of, the promotional activity takes place in an outdoor ambiance. The promotional activity is undertaken using billboards and charts denoting the logo and services that will be provided. The investment will be on small nature; we mainly aim to capture the public interest and acquire the major proportion of the consumer interests. Direct marketing:The new food chain market, we aim to make use of this platform by conducting cold-calling and e-mail basis promotional technique. Advertising:Use of any paid medium of the channel to bring the product in the eye of the consumers by the use of sponsor. Public relations (PR):We aim to create a healthy and long term basis relationship with the consumers of Aussie. Sales promotion:We aim to add a value-added benefit to boost the sale of food products. Such measures like buying one get one free will be of desirable choice. Marketing implementation Product:We will make the product available at a trial or free sample distribution basis. Place: We make use of such an area where the number of the general public is in bulk amount. Price: The price will be decided to depend upon the market forces. The price will be fixed by the demand of the consumers and the market structure. Promotion:The promotional activity will be carried out through various means like the newspaper, banner, billboards, and digital media.
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Budget % of Income SpentSummary %ofincomespentpiechart.The percent value can be found in cell below LESSPRODUCTIONCOSTS $6,15,414 LESSDISTRIBUTIONCOSTS $10,400 LESSMARKETINGCOSTS $90,000 LESSOTHERCOSTS $550 PROJECTEDPROFIT $123,S56-7.55%ofSales
Evaluation and control We make use of the best practice in delivering the products; we plan to survey periodically for estimating the area of gaps that lacks our potential. We make an effort towards the consumer satisfaction criteria. We seek for the wellbeing of the society. We take measures for the overuse of the ingredients and use as per normal standards.
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