Kudler Fine Foods has shown the upscale of products not is important that customers see the product as such. If the product is not marketing the upscale quality of the décor sales can decline for store locations. Importance of Competitive Intelligence Competitive intelligence is an area within the company that may pose a challenge. Competitive intelligence is imported to Kudler Fine Foods to help show what will keep the company successful. It doesn’t appear that there is many other upscale specialty food stores in the areas, Kudler would have to look in other regions.
Grocery stores are in competition with smaller markets like Kudlers and Whole Foods. If the brand name grocery stores like Ralphs and Vons did not offer organic and specialty items, the market structure of Kudler Fine Foods would differ. This market structure positively affected Kudler because there was no barrier to entrance within the quality foods market. What negatively affects the company with this market structure is that they are compared to big companies who are able to supply some of these rare items at a more competitive price. One of the marketing strategies that ensure the company of long-term profitability is the personal relationship built with the customer base.
Kudler Fine Foods also have various opportunities. First, the company has no direct competition they focus on attracting “discriminating gourmets who are looking for the more than organic foodstuffs, they want the best foods and excellent customer service” (Administration, Strategic Plan). Another opportunity is that
The generic strategy is the main ideal about how Kudler Fine Foods can best challenge in the marketplace. The ideal of Kudler Fine Foods is to have a one-stop shopping experience for the finest meats, cheeses, organic foods and ingredients, and wines at sensible prices. Kudler Fine Foods will not pursue the strategy of the lowest cost leader in the area because of its gourmet and organic foods, wine selections, and different services they provide. As an alternative Kudler Fine Foods will emphases on producing and marketing its products and services through differentiation. Achievement of this plan will involve Kudler Fine Foods possessing good marketing abilities, innovative skill, support of the stakeholders, and a reputation for quality in the
For each factor, indicate its significance. Provide support for your answer. Evaluate whether or not the business strategy is dictated by the industry or type of business. Provide an example of an industry and your rationale. DQ 2 : "Panera Bread" Please respond to the following: Evaluate Panera Bread’s strategy and its effectiveness with executing the strategy within the competitive fast-casual restaurant marketplace.
Another weakness would be that they failed to be as competitive then other restaurants especially technology wise. One way Ruby Tuesdays can utilize its strength and minimize its weakness to be competitive would be to use their American style burgers and different varieties of appetizers and make it with different promotions at different prices for families as well as a couple dinner and make efficient prices that customers can afford even being broke. In my opinion I think this would be effective because doing
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.
I think it is essential that the catering service also have that standard. This will ensure that there is no profit loss from make the decision to do these services. In order for them to be competitive they focus on value added services instead of discounting and subtracting profit. Another question could be what the value of the product or service is to the buyer. Kudler Fine Foods has a competitive advantage because customers already use their facilities for parties.
Making good use of real estate (using the in store kitchen for catering cooking) and improving efficiency/lowering cost (agile inventory system) gives the organization a competitive advantage in the gourmet food industry. “Marketing has encouraged the purchasing department to find ways to reduce costs of ordering foods and minimize
Everyday companies are trying to find new ways to keep customers at their restaurants. They make cheap, but profitable additives to put