Thursday, December 5, 2013
Implementation Evaluation Control
Planning good strategies is only a start toward successful marketing. A brilliant marketing strategy counts for little if the company fails to implement it properly. Marketing Implementation is the process that turns marketing plans into marketing actions in order to accomplish strategic marketing objectives. Whereas marketing planning addresses the what and why of marketing activities, implementation addresses the who, where, when, and how. HelpCakes company will makes these actions by following are business plan, we will have set goals that the company will be able to accomplish with the help of marketing as well as word of mouth. We are very hopeful that our cupcakes will speak for itself, not only the taste, but also our ethics and the reasoning behind why we started this company. For effective implementation and control, the marketing plan should define how progress toward objectives will be measured. Managers typically use budgets, schedules, and performance standards for monitoring and evaluating results. With budgets, we can compare planned expenditures with actual expenditures for a given week, month, or other period. Schedules allow us to see when tasks were supposed to be completed and when they were actually completed. Performance standards track the outcomes of marketing programs to see whether the company is moving toward its objectives.
Price
I thoroughly thought of what the price of the cupcakes will be, I wanted it to be a fair price within Whole Foods, and they can't be to cheap because cheap doesn't always mean quality, and to expensive can be non-appealing to the customer. Price for the Helpcakes will start at $15 for a box of four. Our product will be edible and people can buy the product and be happy with it, its a portion where a family can share and enjoy together knowing that they have done something good. Thus, whereas marketers see themselves as selling products, customers see themselves as buying value or solutions to their problems. And customers are interested in more than just the price; they are interested in the total costs of obtaining, using, and disposing of a product.
Promotion
Many companies follow the selling concept, which holds that consumers will not buy enough of the firm’s products unless it undertakes a large-scale selling and promotion effort. In order for our company to obtain customers, we will be under going a very aggressive approach. We will get our name our through radio ads and TV commercials. We believe this approach will be very beneficial to our product. We will also be handing out free cupcakes in the first week of distribution within Whole Foods, customers can have a sample while they shop so they can decide on buying our products. We want to educate and inform the public what are cause is and what they can do to help the victims in the Philippines as well.
Distribution
Activities such as consumer research, product development, communication, distribution, pricing, and service are core marketing activities.We have chosen to go with Selective Distribution which is a small number of retail outlets that are chosen to distribute the product.Whole Foods is the retail store that will be selling our Helpcakes, you can attain these treats at any Whole Foods around the Las Vegas area. Our packaging will take a hold of 4 cupcakes. It will be very similar to a small house that will have different colors all around and represent the fact that we are helping the Philippines. The production concept holds that consumers will favor products that are available and highly affordable. Therefore, management should focus on improving production and distribution efficiency. This concept is one of the oldest orientations that guides sellers.
Product
We will be having two flavors for our Helpcakes which well be Cinnamon and Chocolate. Marketers want to develop unique market positions for their products. If a product is perceived to be exactly like others on the market, consumers would have no reason to buy it. Whole Foods has a few options for cupcakes, but nothing like what we have in mind. There cupcakes seem to be a bit dull and small which will not compare to what we will be offering. Our cupcakes will be medium size portions of fun as well as deliciousness in our tummys. Our chocolate cupcakes will be about the same size, with the Philippines flower known as a sampaguita. Our vision for this cupcake will be a chocolate cupcake with edible pearls, with a sampaguita on top. We want our cupcakes to represent who we are helping and have a meaning. Success comes not just from what products you offer customers, or from the prices you charge. It comes from offering the combination of products and prices that produces the greatest customer value—what customers get for the prices they pay.
Target Market Strategy
The first four steps of the marketing process focus on creating value for customers. The company first gains a full understanding of the marketplace by researching customer needs and managing marketing information. There are over 1 million likes on Facebook that love cupcakes alone. Our marketing strategy will definitely be a success. Cupcakes have been trending for a few years now, with various types of shows. We know that the market is there, we just need to know how to market our customers. We know that our customers will be women, all kind of women whether they are mothers, stopping by to do some quick grocery shopping and buy a few treats for their home. Narrowing down our focus to one specific demographic gives potential customers a reason to notice who we are. If prices are low and understandable the consumer looks at price as being the motivator. After deciding on its overall marketing strategy, the company is ready to begin planning the details of the marketing mix, one of the major concepts in modern marketing.
SWOT Analysis
STRENGTHS- Our company strengths will be the taste of our cupcakes, we know they will be filled with deliciousness. The goal is to match the company’s strengths to attractive opportunities in the environment, while eliminating or overcoming the weaknesses and minimizing the threats. Another strength will be what type of company we are, We understand that people will adapt well to our mission and will also try to do something for the people in Typhoon.
WEAKNESSES- Our weaknesses will have to be our branding and reputation because we are a new company, and we are not sure how people will act to our company. There are plenty of cupcakes brand with loyal customers, we will just have to learn how to achieve loyal customers and people that would love to try something new.
OPPORTUNITIES- The opportunity that our business will gain will be definitely getting our name known, once we have our name out there, we will be able to provide help internationally and hopefully branch out to other markets rather then just being limited to Whole Foods.“Growth is pure oxygen,” states one executive. “It creates a vital, enthusiastic corporation where people see genuine opportunity.” At the same time, a firm must be careful not to make growth itself an objective. The company’s objective must be to manage “profitable growth.”
THREATS- Helpcakes threats are all baked goods inside Whole Foods, whether they are cookies, cakes, and even other type of cupcakes. There is also the chance that people won't like the cupcakes we are offering and are probably looking for red velvet and vanilla. We are limited to our flavors.
WEAKNESSES- Our weaknesses will have to be our branding and reputation because we are a new company, and we are not sure how people will act to our company. There are plenty of cupcakes brand with loyal customers, we will just have to learn how to achieve loyal customers and people that would love to try something new.
OPPORTUNITIES- The opportunity that our business will gain will be definitely getting our name known, once we have our name out there, we will be able to provide help internationally and hopefully branch out to other markets rather then just being limited to Whole Foods.“Growth is pure oxygen,” states one executive. “It creates a vital, enthusiastic corporation where people see genuine opportunity.” At the same time, a firm must be careful not to make growth itself an objective. The company’s objective must be to manage “profitable growth.”
THREATS- Helpcakes threats are all baked goods inside Whole Foods, whether they are cookies, cakes, and even other type of cupcakes. There is also the chance that people won't like the cupcakes we are offering and are probably looking for red velvet and vanilla. We are limited to our flavors.
Objectives
The company’s strategic plan establishes what kinds of businesses the company will operate and its objectives for each. Then, within each business unit, more detailed planning takes place. The major functional departments in each unit—marketing, finance, accounting, purchasing, operations, information systems, human resources, and others—must work together to accomplish strategicobjectives. Our companies objective is to create as much clientele as we can, the more customers we are able to achieve, the more money we have to donate. Our main goal is to produce enough money to help the people in Typhoon. We want the victims to be safe and taken care of. Not only do we want to achieve money, but we also want our customers to have an amazing experience, if they are giving, we want to give to them as well. It is in fact, the least we can do. We love our customers, and we want our customers to love us. An effective marketing program blends all of the marketing mix elements into an integrated marketing program designed to achieve the company’s marketing objectives by delivering value to consumers. We also need to have objectives within our marketing technique, if we are able to intrigue customers through are marketing program, we know we are doing the right thing. We want our customers to see our commercials and say wow, I would love to be apart of that.
Business Mission Statement
Helpcakes is a cupcakes business that is here to help people internationally. Today, we are here for the victims in Typhoon. Our mission is to always provide what is needed and to care for those in need, we are a non-for-profit organization which means that what you spend with us gets sent to those in need.This broad mission leads to a hierarchy of objectives, including business objectives and marketing objectives. The objectives for marketing are to get as much hype as we possibly can, we are a Las Vegas base company but are located throughout all Whole Foods locations worldwide. Our marketing technique is through social media as well as other platforms. We have set-up a Facebook page, as well as Twitter and Instagram. Social media is linked to both a younger and older generation and this is a great way to say who we are and why we are here. We have also been apart of a few local commercials that are broadcast with or without cable so people can hear about us. like Nike, outstanding marketing organizations employ strongly customer-driven marketing strategies and programs that create customer value and relationships. These marketing strategies and programs, however, are guided by broader company wide strategic plans, which must also be customer focused.
Week 10: EOC What are the benefits VS. the Features
The benefits for Helpcakes definitely have to stand out aside from other cupcakes. Our cupcakes are not only to help the victims in Typhoon, but also the fact that they are made with love. Are bakers love what they do, and eat what they love. They're objective is to make every single "Helpcake" to perfection and absolutely delicious. The benefit will be homemade, fresh daily and straight from the oven. Just like mom and grandma made them. They are made from scratch, so no need to wonder about any secret ingredients, as a matter of fact, join the fun and help us bake some. You, as a parent will know how they are made and why our Helpcakes will be better then the rest. Super Fresh , Super Delicious, and a million times of Care.
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