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Executive Summary
Our brand is malee and this brand is intended to identify our product and differentiate it
from competing products. Branding, identify or distinguish our product from others and
thus are key marketing activities that help position our product appropriately for its target
market.
Manufacture’s brand:-
About malee:-
Malee is a leading Thai Canned fruits and fruit juices processor has been
recognized for over 30 years for the exceptional quality and taste of its various topical
fruit products. The company manufactures several main product lines, namely canned
pine apple, canned fruits, pine apple juice concentrate, canned sweet corn, fruit juices
UHT milk and other beverages. Malee has received the ISO 9002 standard certification
and awards that include Prime Minister’s export Award, the 7th International food award,
World Tech 95 Award and Best Products Award at the ASEAN food conference in
Singapore in 1997,
Malee in Pakistan:-
Malee products were introduced in Pakistan by Canon Traders in
1992. Canon Traders is a leading distribution house of Pakistan engaged in the business
of import, distribution and marketing of the house ware and fruit items with its branch
offices at all major cities and through its strong marketing network, Canon Traders Pvt.
Limited is achieving its goal and objectives to provide the customers with the quality
food products, “Healthier Life……happier life…..MALEE”
Introduction:-
We under Malee brand are launching the refreshing drink “Pina
colada” in a packaged form. No brand through out the world has launched Pina colada in
packaged form but to provide our customers satisfaction and to obtain our marketing
goals we are first time introducing pina colada in a packaged form. Our product is a set of
tangible of attributes that includes packaging, color, price, quality and brand. How these
attributes are linked with our product is shown below:
Pina colada
We know that when customer will buy our product he will buy much more than just
a set of attributes. We are introducing this product with the vision of satisfying our
customers. Our product is perfectly customer-oriented
Pina colada is a famous tropical cocktail that can be enjoyed by the whole family as a
non alcoholic drink. It is a fabulous cocktail that so loved by everyone and is excellent on
a hot summer s evening for that tropical feeling. Pina colada comes from the Spanish
word pina meaning pineapple and colada meaning stained. So Pina colada in essence,
means’’ strained pineapple”
Background:-
The bartender who invented the Pina Colada, probably the famous among cocktails,
was named Ricardo Garcia and came from Barcelona, Spain. By 1950 Ricardo owned a
bunch of several bars and restaurants in Barcelona through many years of hard working.
However, he moved to Puerto Rico to work in a hotel. It had a house-made drink, the
Coco-Loco, a mix of coconut cream, juice and rum. As this used to be served in a fresh
coconut, Ricardo found himself in serious trouble when he discovering one day that all +
coconut trees around his bar where cut. Anyhow he decided to use his creativity and took
some of the pineapples of which a large supply was located next to his door. His
experience of customer response to the new mix told him right away that confirmed he
had found something special. To enhance the taste of it, he added some crushed ice and
strained pineapple, clarifying the cocktails name: Pina Colada is simply Spanish for
strained pineapple.
Ingredients:-
• Coconut cream
• Pineapple juice
• Sugar syrup
• Ice cubes
Consumer product:-
Our product (Pina-colada) is a consumer product as it is
intended for personal consumption. It will provide direct satisfaction to our customer and
will fulfil their needs.
Convenience product:-
Moreover, our company even categorized our pina colada
as a convenience product as our customer will not have to spend more time in thinking
whether to buy this product or not. In addition they don’t have to gather additional
information about our product and they can have it with a minimum of efforts. And our
product will satisfy their wants immediately
• Pina colada in a packaged form is truly a unique product. And no brand has
launched this before.
• Pina colada in a packaged form is significantly different from existing products in
terms of form, function and most important benefits provided
• This product is new for our organization but not to the market as customers are
well-aware of pina colada because it is known as a best cocktail of most of the
cafés
Marketing environmental analysis
Marketing objectives:-
Positioning strategy:-
Malee has a lot of summer drinks and canned fruits. The company has
used several planning and strategies to attract their target market. So, for the accurate
positioning of this ready-to-drink Pina colada, the company has planned to use following
strategy for the positioning of this scrumptious drink.
Marketing mix:-
The marketing mix of our product is the use of the four ps which are
product, price, place and promotion, describing the strategic position of our product in
our chosen market place.
These four ps are the parameters with which our marketing management
is control the internal and external constraints of marketing environment. The goal is to
make decisions that center our four ps on the customer in the target market in order to
create perceived value and generate a positive response.
Product decision:-
• Brand name
• Functionality
• Benefits
• Packaging
• Quality
Price decision:-
According to our research we come to know that most of our customers are
willing to pay 90 to 100 rupees for our ready made Pina-colada. And we have selected
99rupees for this product. There are some factors with which we have selected our price.
These factors are
• Channel of distribution
• Intensity of distribution
• Numbers of retailers
Promotion decisions:-
For making customers well aware of our product we are using following
items for promotion
• Advertising
• Public relations
• Publicity
Consumer voting reveals one most important aspect i.e. the Familiarity
has been rated as the last contributing attribute of Malee. It indicates that brand has to be
supported by strong advertising and promotional campaigns through electronic media so
as to make it a brand known by all. For any food brand to become the market leader,
Quality and Familiarity are two vital attributes and should be at the top in the overall
contribution to the brand. Malee needs strong Familiarity
and this may only be done by objective advertising, or by introducing interesting product
that can attract the customers.
Brand Name: Malee Juice
Category: Juice
Survey Ratings: B
To increase the familiarity with the brand Malee is now introducing Pina colada
with high quality and with strong advertising
Marketing Research:-
The objective:-
The objective of our research is to find out how people will respond to our
new product and what should our target market be. It is also carried out in order to decide
different aspects of the product for example its packaging, pricing and availability etc.
While launching a totally new product in the market it is very important that we know if
there are consumers who are ready to buy that particular product and what are their
preferences regarding its packaging, price, and availability. Also once we know there are
people who are going to buy the product we should know in which market segment they
mostly lie so that it is easy for us to target those people and convince them to buy our
product.
Situation Analysis:-
After setting the objective for our research the next step is to conduct a
situation analysis. The process involves analyzing the company, its market, its
competition, and the industry in general. A background investigation is carried out that
helps refine the research problem.
As we have decided to launch ready-made Pina colada under the brand
‘Malee’ we obtained information about the company and its business environment by
means conversations with company officials.
Conducting Investigation:-
First we conduct an informal investigation which consists of gathering
readily available information from relevant people inside and outside the company-
middlemen, competitors, advertising agencies, and consumers.
Age Income
From the graphs shown above it can be concluded that most of the
questionnaires filled were by people aging from 15-25 years and their household
income is around 100,000 or above monthly. The reason the majority is from this age
group and particular income bracket is because these are the people who are usually
aware of drinks like Pina colada. Also our target market would be selected from
among such people because they are more likely to be potential buyers for a ready-
made Pina colada.
Fourth question of our survey was to know how often does people have
pinacolada. The results are shown below.
From the results it is concluded that 28% people have pinacolada once a
month. 26% have it occasionally, 23% once a week, 13 % never, and 10% daily.
Pinacolada might not be a drink which is consumed that often but this does not mean
there is no scope for it in the market.
Results show that 72% people agree that there is a need for ready-made
(packaged) pinacolada.
Most of the people (33%) say shopping malls are more suitable. 29% selected
universities and colleges. 20% say general stores and bakeries while only 18%
selected petrol pumps and highways.
Eighteth question of the survey is regarding the packaging of the product.
Results are shown below in the form of bar chart.
From the results it can be seen that majority people think plastic glass is the
best packaging for ready-made pinacolada.
The last question of the survay is designed to know how much people pay for
regular pinacolada drink in a restraunt. This would help us set our price for the
product. Reults are shown below.
Around 44 people pay 90-100, 35 pay 125 or above 30 pay 100-125 and
approximately 28 pay 80-90 for a pinacolada in a restruant.
Situational analysis
SWOT Analysis:-
We have conducted a Swot analysis for ready made Pina colada to scan our
internal and external environment for strategic market planning. We are conducting
this analysis to match the firm’s resources with its competing environment. The
results of our analysis are shown below:-
Strengths:
At this point, the major strengths of the company are that Malee has
already established a good brand image in the minds of the consumers. Strength on
their part is the long summer season in this entire region including Pakistan where
juices and drinks do rather well as opposed to countries with cold climate. In addition,
Malee is the first brand launching ready-to-drink Pina Colada in the entire world.
These factors add to the differential advantage of the company.
Weaknesses:
The major weaknesses of the company include the fact that Pakistan being
a poor country will have a very little target market because a lot of people will not be
able to afford the drink. Apart from that, there are low barriers to entry for new
companies so if the product is successful, more competitors are expected to enter the
market. In addition, people have become very diet conscious with the increasing
awareness about health and Pina Colada being a very heavy drink might not be suited
to them. There are also many potential competitors in the market who have already
established their name in the market for juices and other similar beverages like
Nestle’ and Shezan.
Opportunities:
Having no competitor in the market presently, Malee has a good
opportunity to launch this drink first. Pina Colada is a very highly appraised drink in
this region and it has been observed through questionnaires that people would like the
idea of Pina Colada in the form of a packaged drink.
Threats:
Having low barriers to entry in the industry for new firms or companies is
a major threat to Malee. Also, the well established companies like Nestle’ and Shezan
could introduce substitutes in the future which is also a threat for the company.
Conclusion:
We have designed our channel strategy within the context of
marketing mix. We have focussed on firm s marketing objectives. Moreover, we
concentrate on price, product and promotion. At this point we have absorbed all the
members which are involved in the process of delivering our product to ultimate
customers. For achieving our marketing goals understanding the role of distribution is
essential. Because our main motive is to deliver our product at right time, at right
place and by right person.
BCG Matrix:
In the BCG Matrix, Malee lies among the cash cows as the market growth
rate of beverages is very high and the industry growth rate of the company Malee is
relatively low because of the presence of many strong, established competitors in the
market. The company needs little investment. The company need to be managed for
continued profit - so that they continue to generate the strong cash flows that the
company needs for its Stars
Competition:-
Malee faces competition in the form other companies that offer similar
products that Malee offers like juices and other kind of beverages. The product itself
will face competition in the form of restaurants like Café Zouk, Aylanto and other
well-reputed places which are famous for their beverages and exotic drinks. Other
than that, ready-made Pina Colada is not available in the market.
Pricing:-
The pricing strategy of the product is based on an in-depth analysis through
questionnaires and other market tests conducted by the company. The price of ready-
to-drink Pina Colada is Rs. 99.
Branding strategies:-
We have used strategies for our brand so that our company can face
strategic decisions.
Producer’s strategy:
Our company as a producer have used the following strategy for our brand:-
Type of channel:-
The channel which we our using is a indirect channel of distribution
because we are not selling our product directly to our customer. We are
producing a product and then with the help retailers we are delivering these
products to customers.The channel which we are using to marketing our
tangible product to ultimate customers is given below:-
Producer—retailer—consumer:
Many large resellers buy directly from us and then deliver them to
our customers under our brand.
We are selling our product through multiple, but not all
possible retailers in a market where might reasonably look for it
Distribution intensity:-
The option which our company is using to distribute its product is given
below:-
Selective distribution:-
We are using limited numbers of outlets in a geographical area to sell our
product. Our company is trying to choose the most appropriate and best performing
outlets.
Sales Plan:
For creating awareness and knowledge of our brand in the market, we
will start creating hype through different promotional means. Through which we will
be able to position the image of our brand and what we are going to provide in the
customers' mind. We will rate the marketing media that includes newspapers,
magazines, television and website so that we can better get the knowledge of which
are the sources that gets the most attention by the public and where we are actually are
supposed to launch our promotional presence in the media. Moreover banners will be
placed in the city to make the people aware of our arrival that will attract people and
spread the word as well.
Refrences
www.malle.co
www.maleesthabistro.com
www.wikipedia.com
www.google.com
www.drinksmixer.com
www.cocktailtimes.com
www.mba.com
kohli & kotler 13th addition an asian
prepective