Trung Nguyen Coffee

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COURSE TITLE:

ACCOUNTING FOR MARKETING MAKING DECISION ACC 601
Final Assignment

IN GLOBAL ENVIRONMENT
Student: Doan Kim Hiep

Lecturer: Dr. Huy, Pham Quang Trainee: Mr. Hiep, Doan Kim

Oct 2012

Lecturer: Ms. AnhTho Andres Mr. Nguyen Van Hoan COURSE CODE: Final Assignment MKT 601 - DOAN KIM HIEP

UBIS INTAKE 2012 - 2013
Page 1

MKT 601

Final Assignment
Name of student: Doan Kim Hiep Class: MBA UBIS INTAKE 2 Case of study: Export strategy of Trung Nguyen Coffee Company I. INTRODUCTION Vietnam’s leading coffee company, Trung Nguyen is looking to turn Vietnam into a global coffee powerhouse. Coffee is a massive global market: roughly 2.5 billion cups of coffee are consumed around the world every day and sales exceeded more than $70 billion a year. Vietnam is a major player, currently the number two global exporter of coffee, behind only Brazil. However, while the country earned a record $2.7 billion in exports last year, many feel that it only represents a fraction of what the coffee industry here can become. Vietnam’s number one coffee company, Trung Nguyen, is trying to help move the nation’s coffee up the value chain from primarily an exporter of beans into a recognizable symbol of its own quality right. Author is going to use the theories about Marketing Mix, Marketing Environment, Potter’s five forces model, PESTEL, Target Marketing, Marketing Segmentation and cultural elements to analyze and define an export strategy to foreign market for Trung Nguyen. II. GENERAL COMPANY DESCRIPTION Vietnam is a major player in coffee and is the number two exporter of the socially acceptable bean in the world. Trung Nguyen is Vietnam’s number one coffee producer, processor and exporter and with coffee shops that incorporate the key to touch points of global franchises but provide a very Vietnamese application, retaining the identity of home-grown society. It dominates the coffee culture in Vietnam reassuringly and the young and ambitious Chairman, Dang Le Nguyen Vu, is intent on developing Vietnam’s coffee approach to challenge the global marketplace. Innovation strategy colors of this young and energetic company but not at the expense of what is proven to work. It’s a very Vietnamese approach. Final Assignment MKT 601 - DOAN KIM HIEP Page 2

Main office: 82 – 84 Bui Thi Xuan Street, Ben Thanh Ward, District 1, Ho Chi Minh City. Date of founding: 16/6/1996 Tel: (84.8) 39251852 Fax: (84.8) 39251848 Website: www.trungnguyen.com.vn Email: office@trungnguyen.com.vn Mission, vision and core value The mission: To connect and develop coffee lovers in the world Vision and core value: Great ambition National and international spirit Unceasing creativity and break through Good execution Value generation and sustainable development

Customers of Trung Nguyen: Various types of customers with different favourite tastes of coffee in Vietnam and the world. The coffee industry - The domestic coffee’s industry is growing. The number of consumed coffee is increasing rapidly year by year. The foreign coffee market is very large, potential and still has a lot of spaces for Trung Nguyen to develop. The most important strengths of Trung Nguyen are its famous brand name and its strong marketing. III. EXPORT STATEGY

Author is going to define the export strategy based on the theories about Marketing Mix ( 4P), Market/ Environment ( Porter’ five forces model, PESTEL ) Target Marketing, Market Segmentation and cultural elements,....that Trung Nguyen had used . 3.1 Products and Services 3.1.1 Theory Final Assignment MKT 601 - DOAN KIM HIEP Page 3

To describe deeply Trung Nguyen’s products, author will use the theory about Marketing Mix - The 4P. Marketing mix is the set of marketing tools that the firm uses to pursue its marketing objectives in the target market (Kotler, 2002). The marketing mix has an important role in determining a product or brand's unique selling point The marketing mix is classified into four broad...
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