SWOT Analysis of New Zealand Naturals Ice Cream Brand
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This article provides a SWOT analysis of New Zealand Naturals ice cream brand. It includes strengths, weaknesses, opportunities, and threats of the brand. The article also includes customer analysis and reviews.
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Running head: NEW ZEALAND NATURALS NEW ZEALAND NATURALS Name of the Student Name of the University Author Note
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1NEW ZEALAND NATURALS New Zealand Naturals SWOT analysis StrengthsWeakness The brand has an advantage concerning an excellent brand value, which helps the firm in pleasing the customers. The firm has won a considerable number of rewards throughout the past few years for the excellent service which the firm has been able to provide to the different customers. The products meet the needs of premium and health-conscious customers, which is thenewtrend(MoutinhoandVargas- Sanchez 2018). Thepackagingoftheproductisalso excellent. Social consciousness concerning the health aspect of the ice-cream. The brand seems to have absolutely no digital presence in Australia, and hence, concerning this, it becomes considerably difficult for the firm to perform well. The firm does not engage in any digital work, which will then allow the firm to undertake considerablesuccessinthelongrun. Moreover, the organisation is also not being able to engage in digital advertising, which shall assist the firm to ensure that it will perform considerably well. The price of the product can be considered to be relatively high. Moreover, the firm also faces considerable competition from various other firms. OpportunityThreats The firm can launch productsin different countries and ensure that they can offer goods to a more massive crowd. Thefirmneedstospreaditsbrandname digitally and ensure that it can be available to the customers on all social platforms and food delivery applications which shall then allow the firm to ensure considerable success in the long run. In addition to this, the firm can charge any price for the product as this will help them to maintain their image as a premium brand. Market competition can be stated to be very comprehensive. Theotherfirmswhicharepresentinthe market tend to have often a better digital presence, which will then go a long way in assistingthefirminensuringlongterm success. In addition to this, these firms are available on social media platforms as well, which will allow the firm to ensure future success as well. There are better alternatives and substitutes available in the market. Manyconsumersareveryofteninclined towards the cheap ice-creams instead of the premiumbrands(Newzealandnatural.com
2NEW ZEALAND NATURALS 2019). Hence, from the given analysis, it can be primarily understood that the firm has been successful in forming a particular niche market for itself.However, in line of this, it has to be understood that the firm has little or no digital presence which then restricts the overall operations of the firm and in front of this, also tends to limit the popularity of the brand in the eyes of the customer.The premium pricing, which is offered by the firm enables the firm to perform well accordingly (Baker and Saren 2016). However, there is much competition as available in the market, and very often, the customers are lured towards the cheaper options. The firm can utilise the opportunity and expand in the international market. Customer analysis The customers of the firm are young individuals and families who like to enjoy the ice- cream. Moreover, as young individuals often tend to purchase the goods online and hence, provide reviews accordingly, it is believed that a digital presence is the need of the hour. Secondary analysis: Customer reviews After analysing the trip advisor, it was observed that the firm has been successful in gaining mostly positive reviews. In the line of this, it can be mentioned that on a scale of 1 to 5, the firm has very often received four to five stars by several customers who have visited the different outlets as present (Chernev 2018). A total of four reviews taken from the trip advisor is being analysed, and the findings can be presented as follows: ï‚·The customers are under the belief that the products are priced reasonably, and the taste is considerablydelicious.Theyalsopraisedthestaffandthoughtthattheywere substantially friendly.
3NEW ZEALAND NATURALS Another customer mentioned that, they loved the ice-cream and smoothies and that they are regular customers of the place. They have provided the outlet with considerable compliments and stated that the product quality could be reported to be much good. Through the analysis, only one negative compliment could be identified given by a single customer who mentioned that the products were a little too sweet as compared to the other brands as present. Moreover, the customer believed that various other Italian places in Australia are much better. The store seemed like a food chain rather than an ice cream parlour which made it lose out its authenticity (Homburg, Jozić and Kuehnl 2017). Lastly, another customer mentioned the place to be a happy one with reasonable prices, friendly staff and excellent products. The customer seemed to enjoy the overall vibe of the place.
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4NEW ZEALAND NATURALS Figures 1, 2 and 3: The review on Trip Advisor (Source: Tripadvisor.in 2019). Primary analysis A survey of 20 customers was conducted, and they were asked four questions regarding the particular products at New Zealand Naturals and how they tend to purchase online. The respondents were gathered on a random sampling basis from various restaurants and malls. Q. Rate the taste of the product on the given scale: Excellent - Above Average – Average - Below Average - Very Poor RatePercentageof respondents No. of respondentsTotal respondents
5NEW ZEALAND NATURALS Excellent40%820 Above average20%420 Average20%420 Below Average15%320 Very Poor5%120 ExcellentAbove averageAverageBelow AverageVery Poor 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Percentage of respondents Figure 4: View on the taste of the product (Source: As created by the author). Q. Do you believe that the pricing of the ice-cream is reasonable? Strongly Agree – Agree – Undecided / Neutral - Disagree - Strongly Disagree. RatePercentageof respondents No. of respondentsTotal respondents Strongly agree25%520 Agree20%420 Neutral40%820 Disagree10%220 Strongly disagree5%120
6NEW ZEALAND NATURALS Percentage of respondents Strongly agreeAgreeNeutral DisagreeStrongly disagree Figure 5: View on the pricing of the product (Source: As created by the author). Q. How often do you order an ice-cream online? Always – Often – Sometimes – Seldom – Never. RatePercentageof respondents No. of respondentsTotal respondents Always35%720 Often25%520 Sometimes15%320 Seldom15%320 Never10%220
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7NEW ZEALAND NATURALS Always Often Sometimes Seldom Never 0%10%20%30%40%50%60% 50% 25% 10% 10% 5% Percentage of respondents Figure 6: Frequency of online orders (Source: As created by the author). Q. How would you rate the overall discounts as offered by the ice cream firms online? Excellent - Above Average – Average - Below Average - Very Poor. RatePercentageof respondents No. of respondentsTotal respondents Excellent50%920 Above average10%320 Average15%320 Below Average20%420 Very Poor5%120
8NEW ZEALAND NATURALS ExcellentAbove averageAverageBelow AverageVery Poor 50% 10% 15% 20% 5% Percentage of respondents Figure 7: View on discounts offered online (Source: As created by the author).
9NEW ZEALAND NATURALS References Baker, M.J. and Saren, M. eds., 2016.Marketing theory: a student text. Sage. Chernev, A., 2018.Strategic marketing management. Cerebellum Press. Homburg, C., Jozić, D. and Kuehnl, C., 2017. Customer experience management: toward implementinganevolvingmarketingconcept.JournaloftheAcademyofMarketing Science,45(3), pp.377-401. Moutinho, L. and Vargas-Sanchez, A. eds., 2018.Strategic Management in Tourism, CABI Tourism Texts. Cabi. Newzealandnatural.com2019.Ourstory[online].Availableat: https://www.newzealandnatural.com/our-story(Retrieved on: 20 May 2019). Tripadvisor.in2019.Userreviews[online].Available at:https://www.tripadvisor.in/ShowUserReviews-g255069-d8419111-r465170026- New_Zealand_Natural_Ice_Cream-Cairns_Cairns_Region_Queensland.html(Retrieved on: 20 May 2019).