Strategic planning is crucial at this stage and there are tools available to help any business perform the analysis needed to succeed. Kudler Fine Foods is an upscale food store specializing in foods and services that appeal to a niche market; gourmet chefs and gourmet chefs in training. The firm had good initial success with its first two stores, but its third store is suffering with lower than expected sales. The firm wishes to continue expansion and increase profitable growth. Before moving forward the company’s owner, Kathy Kudler, needs to understand her company fully and have accurate knowledge about the firm’s internal and external environment.
Running Head: MARKETING Marketing Raven Harvis University of Phoenix MM/PBL502 November 28, 2011 Abstract Kudler Fine Foods is interested in expanding its service offerings to add a catering service in addition to the in-store parties that it currently offers. This paper will discuss eight areas related to this decision. First it will assess the relative value of the three pieces of market research. Second it will explain the components of the marketing mix of Kudler’s new catering service. Third it will explain how Kudler Fine Foods should determine the products it wants tooffer.
The customer service satisfaction survey that is currently in place on the Kudler website will help to identify what the customer’s like and don’t like about a minimum number of variables but market research needs to also include other vital information like culture, socio-economic background, health, and other marketing mix elements. Great marketing research will allow Kudler Fine Foods to perform studies to learn what they should focus on with their current
Integrated Marketing Communications Plan An integrated marketing communications plan is useful for Kudler Foods because it will provide the company with a cost-effective way to address the needs of consumers and reduce the price of marketing. This plan provides a Kudler with a newly refined marketing plan that will help during the implementation of the before mentioned plan to suit the needs and wants of the current/future consumers. To develop an effective integrated marketing communications plan, I will define the strengths and weaknesses of the company based on the results of the existing consumer research and make suggestions on marketing strategies/tactics that will assist in improving the before-mentioned weaknesses. I
In this case I would seek guidance for their care plan and GP as to what is acceptable for them to be having. 3. As a Support Assistant it is my job to advise & promote to all service users about a healthy balanced diet and its importance. Also to give them enjoyable foods they can eat and met their dietary needs. For example: a service user may have problems to swallow, dribble whilst eating and get embarrassed in front of peers.
Strategy Paper University of Phoenix Strategic Planning & Implementation STR/581 Kudler Fine Foods has the potential to be the best source of fresh and the finest gourmet and organic foods in the California region. But before Kudler Fine Foods can be the best they must prepare a strategic business plan that expresses what strategies Kudler Fine Foods will embark on. The role of the strategic plan is to take a set of decisions and actions that an organization will implement to achieve the company’s objective (Pearce & Robinson, 2009). In this paper will explain several strategies that Kudler Fine Foods can use and select the best strategy. Identify the Best Value Discipline The basis of every successful business can be one
If the company wants to be successful, the store must decide what market the product will thrive in, what the competition is and how to market the product given the retailer’s available resources (Marketing considerations for small-scale specialty food producers, 2007). With Kudler Fine Foods’ emphasis on gourmet items, they have created a niche market for their products. Niche marketing allows companies to target a very specific audience and to give them exactly what they want or need (Levinson & Lautenslager, 2005). By conducting market research, Kudler Fine Foods can narrow in on the wants and needs of its customers. Market research is not something a company should do on its own.
Then there are other smaller markets that are comparable such as Sprouts, Trade Joes, and other community markets that can be competitors to Kudler. By researching this it will help to divide in a different class of markets. Differentiation strategy will give the consumer a choice an integrated set of action that the company can designed to produce or deliver goods or services that customers perceive as being different in ways that are important to them. In researching customers needs and what they want gives Kudler Fine Foods an upper quality for
Given today’s business environment and each Learning Team members’ selected business idea, provide a list of the lessons learned from your Learning Team’s discussion for each of the items listed below. Use this discussion to complete this assignment. Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
In order to share helpful advice about Kudler’s Gourmet Food and what the writer would do if she could utilize her skills towards assisting with the growth. The writer has decided that she would change her business practices. Instead of dealing in perishable goods, the writer would make it so those perishables were not the only thing that were selling, and that each item within the store had some significant value to the homeowner. The best way to do this would be to have taste testers and give-away items so that the customers could experience first-hand other items besides those they are so familiar