Organico: A Business Innovation Project for Organic Baby Food Market

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Added on  2021/06/14

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AI Summary
This project analyzes Organico, an Australian company specializing in organic baby food and beverages. It presents a detailed business plan, including market analysis, consumer preferences, and the growing demand for organic infant food. The project outlines the company's business model, emphasizing its focus on offering high-quality organic products such as formula, cereals, rusks, milk drinks, and ready-to-serve baby foods. It utilizes the Business Canvas Model to illustrate key partners, activities, value propositions, consumer relationships, resources, channels, consumer segments, cost structures, and revenue streams. Furthermore, the project highlights critical success factors, including unique advertising and public relations strategies. It also details how social media platforms like Facebook, Twitter, YouTube, and Instagram will be used to communicate with the target market and gather customer feedback. The project also covers important information about baby food, including the importance of chemical-free products, appropriate packaging, and adherence to strict government regulations. The project concludes that organic baby food items are the best substitute, and proper utilization of advertisement and business communication is the key to increase sales, revenue and goodwill.
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Business Innovation in Baby
Food Products: Organico
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INTRODUCTION
Organico is an Australian Company that will have its business
operations in offering organic food and beverages (Organico.co.uk,
2018).
The company is an efficient organic infant formula producer
The idea of new infant organic food business of Organico relies in
trend change within the market along with consumer preferences that
impacts the consumer trends in infant organic food market.
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INTRODUCTION
The proposed business model
developed for the company
facilitated in recognising the
segmentation and cost that
are experienced by the
organization.
This company will offer
organic food products for
young children that offer
formula and toddler cereals,
rusks and milk drinks along
with ready to serve baby
foods (Beal, 2015).
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JUSTIFICATION OF THE
PROPOSED BUSINESS
Children require particular
nourishment when they initially
start eating.
The food must be soft yet
nutritious, and it's ideal if the
nourishment is advantageously
packed (Seidel et al., 2014).
Child food organizations make this
kind of nourishment.
They prepare the baby food, and
after that offer it straightforwardly
to clients or through retailers.
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JUSTIFICATION OF THE
PROPOSED BUSINESS
Numerous guardians need to give their youngsters the most flavorful
and nutritious infant food conceivable in organic varieties (Falguera,
Aliguer & Falguera, 2012).
This motivation has prompted noteworthy development in the
business as of late.
As indicated by Zion Market Research, the worldwide infant food
showcase is on course to be a $76.48 billion industry by 2021.
Organico utilizes each significant accomplice and also exercises in
enhancing the business viability for betterment of their products and
increasing their business.
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THE BUSINESS IDEA
Organico is an Australian
Company that will have its
business operations in offering
organic food and beverages.
The company is an efficient
organic infant formula producer.
This company will offer organic
food products for young children
that offer toddler cereals, rusks
and milk drinks along with ready
to serve baby foods (Parvin et
al., 2014).
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THE BUSINESS IDEA
Organico is created in a way that every one of the parts of the business canvas is
centered around offering buyers with the best product in the baby food genre.
The channels alongside cost structures of Organico are related together to obtain
high incomes from higher shopper gathering.
Additionally, inside the organization's procedure of offer alongside key accomplices,
the organization has concentrated on unmistakable customer centered techniques.
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BUSINESS CANVAS MODEL
Key Partners- Team of brands and many more, Subsidiaries,
Advertisers, Associates.
Key Activities- Supply chain management, Sales, Direct purchasing,
Merchandising, Refresh stores.
Value Proposition- Supermarkets, Home improvement, Wide range of
promotions and discounts
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BUSINESS CANVAS MODEL
Consumer Relationship- consumer first team organizational culture,
Users community, Price based, Consumer satisfaction, Being a
member of loyalty program considers attracting consumers in market
by means of offering high discounts.
Key Resources- Anticipating trends for making space for new products,
Presence, Brand, Know-how.
Channels- Organic product stores, Social media, New delivery options,
Supermarkets, Websites, Coupons.
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BUSINESS CANVAS MODEL
Consumer Segments- Wide market, Consumers those are price
sensitive.
Cost Structures- Presence, Assets, Offices, Advertising and marketing,
Salaries, Rent, Maintenance, Licenses, Taxes, Cost of goods, Logistics
expenses.
Revenue Streams- Online sales, Retail sales.
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CRITICAL SUCCESS FACTORS
In obtaining the competitive
advantages the organization has
developed several new infant
organic products that can affect
the food market along with
facilitating quality services
(Harding, et al., 2014) .
Unique advertising power and the
public relations serves as the
major critical success factors for
the organization by means of
newspapers, media use and the
journals.
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CRITICAL SUCCESS FACTORS
The new business idea of opening the organic food business offers increased job openings
which offers jobs to the people within the host countries which works within the
supermarkets.
Prices offered by the company is cheaper and affordable in comparison to the competitors in
the market.
Through selling organic products the organization is observed to obtain increased market
share.
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