Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Teston, Ivan
December 2018
I. Brief Overview of the business
II. Industry Analysis
III. Market Segmentation, Targeting and Positioning
IV. Consumer Behavior
V. Product Planning
VI. Product Life Cycle
VII. Place – Channel of Distribution
VIII. Price – Pricing Strategies
IX. Promotions
I. Brief Overview of the Business
Vision
Mission
Objectives
Customer satisfaction
Use only high-quality ingredients
Promote restaurant concept as healthy living restaurant
Manager
Chefs
Cooks
Dishwashers
Serving staff
Hosting staff
Bus persons
Requirements
Swot Analysis
Strengths Weaknesses
Opportunities Threats
P - The standard of proper hygiene and sanitation of the restaurant for the
safety of the customer.
E – This involves with the inflation fate, taxes and exchange of currency.
The market can be divided into two market segments, travelers and
individuals. Individuals will comprise the majority of dinner time business
with travelers making up the majority of lunch time business. Boodle fight
restaurant will be operating against within the fast-casual niche of the
restaurant industry. They will be competing against other segments within
the industry such as fast food as well as more traditional sit-down
restaurants.
III. MARKET SEGMENTATION, TARGETING AND
POSITIONING
Market Segmentation
Demographic
Psychographic
For people who wants to experience traditional filipino culture and like to
have a taste of famous filipino dishes.
Geographic
Behavioral
For people who loves to try good filipino dishes and want to experience the
traditional filipino culture.
TARGETING
Travelers
Individuals
Ages 20-25, 26-30 years old
Near their offices
More convenient for individuals
Travelers looking for filipino traditional culture
POSITIONING
Standard Cost
This sets up the business for customer minds as the standard choice. this
will be worth to pay because its not heavy to their budget at the same time
they will experience the filipino culture with standard cost only.
Quality
The quality of our restaurant is that we serve fresh and clean food from
reliable resources of ingredients and we are eco- friendly when it comes to
the tools we use in our restaurant.
Service
Our restaurants aim to give service near offices and near the places where
there is a lot of travelers. Offer our service 100% to make them feel at
home.
This will give the craving needs of customers needs who wants to eat
and experience filipino food and culture.
Motivation
Purchasing decisions
This will give the customers good option because its not to expensive
just a standard cost at the same time it gives satisfaction.
ECONOMIC NEEDS
PSYCHOLOGICAL VARIABLES
• Filipino tradition
• Filipino etiquette
SOCIAL INFLUENCE
• Travelers
• Mid-class
• Culture lover
PURCHASE SITUATION
• Filipino dishes
• Mid-class people ages 20-25 years old and 26-30 years olD
V. PRODUCT PLANNING
PRODUCT
IDEAS
BRANDING
Individual
Our product is also made by us.
PACKAGING
Presentable
sustainable packaging
WARRANTY
N/A
PRODUCT
CLASSES
Menu planning
Marketing
IT
Suppliers
At this point it would also be beneficial to hire consultants that are
well versed in the food and beverage (F&B) industry. This is also the time
to fill the management role in order to hash out the concept further since
most of them will have the experience to help drive the business further.
Phase 2: Growth
During this phase of the life cycle, the restaurant should aim for
consistency. Since the business is in the service sector, all matters of
services should have standard that should be delivered day after day to
make sure that the experience of each diner is one and the same.
For the next two to three years, the restaurant should also consistently train
the staff to make sure that their skills and knowledge are at par with the
best in class.
Marketing side should also focus on the consistency of the branding
and image of the restaurant in order to make a clearer recall to the people
who sees the restaurant in the promotions.
Phase 3: Maturity
By the time the restaurant hits this phase, the business should be
focusing on being the best in the industry through improvements. Most of
this can be done through cost efficiency without letting the client side feel
the cuts.
Another good focus for the restaurant is to create in-store marketing
programs like focusing on Filipino month, frequent diner cards, "fiesta"
themed events and catering, coupons and the like.
At a certain point the restaurant will hit a lull and decline due to the
changing landscape. This would be the time to retool and start the research
and development in order to be revitalized in the market.
Objectives:
Boodle fight restaurant will interfere with the food and beverage sector. The
target customers will be the travelers and office employees.
The restaurant is located in BGC Taguig City in Metro Manila. This caters
to travelers, solo, family and friends.
The type of channel use is Direct because after we finish the product it is
automatically serve to the customer.
Objective
Our pricing objective is Sales oriented.
Demand
Our demand is a cost-based price strategy. We will calculate all the
expenses then add our desired profit.
Costs
Variable costs. It may change based on our sales activity.
Pricing environment
Most of our competitors pricing strategies are Premium pricing.
Which means both of their price and quality are high. But some are
economy pricing, both of their price and quality are low.
Strategy
We have a Low price but has a high-quality service/product. So, we
choose the penetration pricing as our strategy. To satisfy our
customer while earning profit.
Tactics
Pricing for individual products. We will be offering two separate types
of payments to purchase the product.