How to Write a Summary of an Article? Francesco in set up a business in the cocoa and coffee sector, and then decided to concentrate exclusively on coffee. They are also selling products which fit to the coffee world like, machines, capsules and also accessories. There is a real increase over the years.
How to Write a Summary of an Article?
Strategic Planning Illy Espressamente On the other hand, coffee culture in Vietnam is established and strong since colonial time. Globalization and economic growth bring about two main growing Strategic planning illy espressamente that Supersaturates should target: There are several deferent options for expansion but after careful consideration and analysis we come to the conclusion that Supersaturates should reintroduce Itself In Vietnam.
Additionally, we also come up with strategies for two other potential markets, Germany and India. The implementation plan In the next 6 years for this strategy research, operation plan and taking care of relevant necessary documents suggests penetration of the market in 5 by entering the market as a wholly-owned subsidiary.
In 6 years, the total expense cost is estimated to be USEDfor preparation, opening new outlets, communication plan and operation plan. This implementation plan will ensure the success of the proposed strategy. Table of Contents 1.
It has been a stunning success in its home market, Italy and others such as France and Germany, generating millions of revenues. However, the launch in Vietnam has been a fiasco as 3 out of the 5 stores in the country have been closed after 4 years of operation.
They now face the decision whether to pull out of the country and move to one of the countries in the case or reintroduce itself in the Vietnamese coffee market with a different strategic approach.
To stand out from competitors by Italian coffee service experience e. Italian-themed superior outlets, Italian coffee styles, bringing artistic value to the service experience. Marketing Goals To be sustainable in the current market and become top-of-mind brand when consumers search for superior Italian transit coffee.
Marketing Objectives Increase the availability of Lily Supersaturates by opening at least 8 stores in each country. Firstly, the product and service offer is inappropriate as it is perceived to be overpriced and too conservative Strategic planning illy espressamente making Italian authentic coffee by the Vietnamese customers — ho prefers their traditional black and milky coffee made from Robusta beans.
Both of these problems demonstrate the lack of customer insight and marketing campaign coming from Supersaturates collaborator — Lien Thai Bin Dong Pity. Besides, the company is incapable in managing coffee chained shops as well as running effective marketing campaigns Appendix E for more details.
Moreover, the Vietnamese customers are not familiar with the taste of Arabica coffee beans. Apart from this, there are segments that pursue higher social statues via branded reduces. In addition, the impacts of globalization as well as the development of sophisticated taste in coffee bring significant opportunities for Lily Supersaturates to penetrate the market.
With these come increased concerns for ethics and sustainability coming from the growing segment of globally influenced people. Lily Supersaturates weaknesses lie in understanding customer insight leading to key problems and the lack of integrated marketing communication strategies to promote the brand in such high concentrated market like Vietnam.
However, having one the est. Threats T Fierce competition between chained coffee shops High threat of new entrants High threat of substitutes Low supply of Arabica in Vietnam Low consumption of coffee, compared to global scale Novelty seeking Vietnamese people are not familiar with Arabica coffee beans SST Strategies Penetrate the market by focusing on premium quality, rather than competing on price Focus on relationships with Vietnamese Arabica growers to consolidate local apply WET Strategies Avoid in going into a price-war with other competitors to increase sales by keeping premium price for premium quality Avoid introducing Robusta coffee beans but bring new taste in the market Differ to other competitors in term of having small capacity yet high-end outlets 5.
Strategic Solutions and Situation Scenarios Strategy 1: Cups and dishes will have artworks from modern artists and a piece of information on how sustainable the product is made or how Lily contributes to help the farmers in its supply chain printed on them. However, everything will be kept minimal and sleek, adhering to the current theme.
They might be modified in the preparation period as ell as in the middle and end of the 5-year plan to be updated. To establish 5 outlets in India in the next 5 years, offering a high quality Italian coffee and prestigious experience to a segment who seeks for a higher social status and novelty of the population, through luxury-designed outlets on Rajah Street, New Delhi, India.
Customers visiting Lily Supersaturates will experience the luxury service environment designed base on Italian interior style as well as well- trained waiters serving at the table.
Higher social status and novelty seeking segment: By setting Lily Supersaturates outlet in this area, the level of exposure to target customers is higher. Potentials Risks Huge market of growing middle class First mover advantage as the market has low level of competition Lack of acceptance from a tea-drinking population Banking system and bureaucracy may hinder business Strategy 3: To become wholly-owned subsidiary and establish 11 outlets in Ho Chi Mini, Vietnam in the next 5 years, offering superior Italian coffee service by providing segments — Globalizes expatriates and Brands Chasers people who value superior the baristas and stopping collaborating with Lien Thai Bin Dong.
Hence, Lily should end the collaboration and take full control over the new outlets operation and communication. Vietnam government will allow foreign wholly owned subsidiary from January 5 distinguishing ; hence, Lily Supersaturates has one year for taking care of legal documents and business preparation.
Hence, they will appreciate the value propositions of Lily Supersaturates, which is high quality and ethically grown coffee alongside with the artistic ambiance.
Moreover, this segment also wants self-identity; hence, fitting with Lily Supersaturates offers. Therefore, it is sufficient for Lily Supersaturates target this segment.
By establishing 5 Italian city-themed outlets, 1 high-end bar in shopping mall and 5 high-end bars in the art galleries with mentioned tactics, Lily Supersaturates can get closer to the targeted customers and transfer the image of superior Italian experience to them.
Potentials Lily Supersaturates can be more active in marketing campaign and have more control ever the business by stop collaborating with Lien Thai Bin Dong Co. More in-depth research for the market can be made in this period.
The artistic and ethical value will attract globalizes and superior value will attract the Brand Chasers.STRATEGIC MARKETING STRATEGIC PLANNING ILLY ESPRESSAMENTE Page | 1 TEAM MEMBERS: CLEMENT DUBOC – S TAN NGUYEN – S TUE LE – S VI LUONG – S Strategic Planning ILLY ESPRESSAMENTE Proposed to Mr.
Christopher Munro. The standard also provides a reference for the systematic evaluation of differences among various national contexts related to the supply chain, supporting strategic planning and the definition of. Illy also faces some strategic weaknesses it lacks large financial resources to from MBA at Park University.
Strategic Planning Illy Espressamente On the other hand, coffee culture in Vietnam is established and strong since colonial time. Globalization and economic growth bring about two main growing segments that Supersaturates should target: Globalizes (well- educated, CARS-focus, globally influenced) and Brand Chasers (novelty, status-seeking).
Illy Espressamente is a franchise chain by Illy, stretching over 34 countries and offering Illy’s coffee in a genuine Italian coffee bar. The beverage menu is composed purely of coffee-based drinks made from the finest Arabica beans processed with Illy machineries and technique.
Planning a trip to Istanbul? Foursquare can help you find the best places to go to. Find great things to do/10().