MARKETING STRATEGY OF CAFÉ BEAN
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Transcript of MARKETING STRATEGY OF CAFÉ BEAN
MARKETING STRATEGY OF CAFÉ BEAN
Submitted By: Archit Garg Anubhav Agarwal Rachit Pahuja Rahul Vij
OBJECTIVES
• Café Bean as Global brand.• Café Bean Market Analysis.• Identify its customers.• Present the Market Message for Customers.• Café Bean Market Strategy.• Café Bean Action Plan and Conclusion.
MARKETING MESSAGE
•DISCOVER MORE, EXPLORE MORE, CREATE MORE WITH JUST A SIP.
CAFÉ BEAN AS GLOBAL ENTERPRISE
• Café Bean is launched in competition to brands like Costa coffee and Starbucks.
• The brand is launching itself in 2016 in the following places: India, Sri Lanka and UAE.We will expand the business in the coming years.
• It is a brand of specialty coffee in the world.• It serves brewed coffee, espresso-based hot
drinks, snacks, mugs and coffee beans.
MARKETING ANALYSIS OF BRANDSCOMPETITOR QUALITY PRICE SERVICES AWARENESS
STARBUCKS Excellent High Very Good Poor
BARISTA Good High Very Good Very Good
COCO VERANDA Good High Average Average
COFFEE BEAN AND TEA LEAF
Good High Average Very Good
MC DONALDS Average Low Average Average
CHOCO LUV Average Average Poor Average
THE COMMONS COFFEE HOUSE
Average High Average Poor
BREAD TALK Good High Very Good Average
CAFÉ BEAN MARKET ANALYSIS
SWOT ANALYSISSTRENGTHSGlobal researchQuality productsProfitable organizationStrong financial foundationVisionary leader
WEAKNESSHigh price
Importing roasted coffeeKnown only for coffee
OPPORTUNITIESLaunching new productsSkilled Labour marketMore tourist attractionUse of social media network
THREATSCultural & Political issues
Real State cost and laws in Sri LankaEconomic down turns
Health cautious customers
OBJECTIVES & GOALS Open 50 outlets in 2 years
Gain 75% of market share in 4 years
Increase market revenue by 5% each year
Increase brand awareness
1000 - 3000 number of new customers within first month
Capturing 5,000 + Facebook likes within first two months
Number of returning customers 30% in 1 year
Become a super brand in 5 – 7 years
CAFÉ BEAN MARKETING STRATEGY
• Target Market
• Age group: 18 – 40
• Lifecycle: Young and adults.
• Gender: Male and female.
• Occupation: College students, persons in managerial, executive, and professional positions.
• Income: Middle and higher income earners.
• Location: India, Sri Lanka and UAE
CAFÉ BEAN MARKETING STRATEGY
• Positioning Price High
Price low
High perceived qualityLow Perceived Quality
CAFE BEAN MARKETING STRATEGY
• PRODUCT • Customized coffee (However you want).• PHYSICAL• Modern furniture, uniform, sign boards, non smoking, kids play area, music, free wifi.• PROCESS• Quick service, customized cups with name, collect suggestions and feedback from
customers.• PRICE• Higher than others (Rs.200 for tall, Rs.275 for grand Rs.320 for super).• STAFF• Active, skilled staff.• PROMOTION• Social media, Free samples, Credit card discounts.• LOCATION• Accessibility, availability.
FUTURE PROSPECTIVE
Café Bean as a Global Chain.
Better Brand Positioning.
Reputed Brand Image.
Providing job opportunities to people of different age groups.
ADVERTISING
• “WE PROVIDE THE BEST.” is the quote that you’ll find on the cup of café bean.
• Our promotional campaign introduces the different types of coffee available at CAFÉ BEAN only which are as follows: Toffee Latte, classic frappe, bean crush cappuccino and so on.
• Moreover, CAFÉ BEAN provides an option of Customizing your cup of coffee by adding the flavor of your choice to the respective cappuccino and frappe.
CONCLUSION
This business plan introduced Café Bean to the
markets of Sri Lanka, India and UAE . We
presented information about the marketing
message, market analysis, market strategy,
objective and presented the action plan.
CAFÉ BEAN A SIP MAKES A DIFFERENCE.
THANK YOU!