Preview

Marketing Plan

Good Essays
Open Document
Open Document
1166 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Plan
Thanushi Marketing Plan | Bubble Tea |

|

Executive summery
The following marketing plan forms the basis for the introduction of an innovative new product by Elephant house beverages sri lanka. The analysis allows us to outline the best strategies to follow for the achievement of the company’s strategic goals. "Bubble Tea" will be marketed as a unique functional drink while striving to reinforce the company’s status as the leader in innovation and successful product launches. The marketing strategies will enable to expand its marketing capacity while satisfying the needs of the still-unsaved market for ready-to-drink bubble tea. Success will be reflected by a sizeable capture of market shares within this market, while strategically carrying the company up to the top spot as the market leader in the functional drinks segment of soft drinks. Export potential will be considered in India and USA. Company Description
Elephant House Beverages presently include carbonated soft drinks, caffeine based beverages, known in certain parts of world as energy drinks and natural beverages. The Elephant House carbonated soft drinks range include Elephant House Ginger Beer, better known as EGB which contains natural ginger, Cream Soda the popular vanilla flavored youth beverage, raspberry flavored Necto, orange flavored Orange Crush and Orange Barley, Lemonade, Soda, Apple Soda, Dry Ginger Ale and Tonic.
Caffeine based Wild Elephant and Blue Fountain bottled drinking water brands are also presently manufactured and marketed by Elephant House Beverages which is probably the beverage company with the widest reach in the island. Elephant House manufacturers and markets a unique brand of Ice cream which is the leading frozen confectionery brand both in Sri Lanka and Maldives, where many other international brands are available but humbled.

Brief description of the new product, & strategic role in the future position of the company
"Bubble Tea" will be

You May Also Find These Documents Helpful

  • Powerful Essays

    marketing plan

    • 4590 Words
    • 19 Pages

    The target market will carefully be selected based upon the size of the target group and the expected profitability. The costs of promoting Beyond the Bean have to fit the promotion budget of $6.000 which is a relatively small budget, so the promotion plan will mostly be based on the costs of the promotion tools. Moreover, the partners have two possible pricing scenario’s to decide from, the product pricing will again be based upon profitability. The final product offering can differ from also serving alcoholic beverages in the café or only non-alcoholic beverages. The final product offering will be based on suitability, convenience and…

    • 4590 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Marketing Plan

    • 1547 Words
    • 7 Pages

    My plan is to build specialized and customizable wagons and wheel barrows for decorative use. They can be used as gift baskets, or pieces for landscaping. The product is a new and neat idea for anyone attending a baby shower or a child’s birthday party. Because the product can be customizable by color and writing, the customer will have a many options to make their wagon or wheel barrow personal and special to them.…

    • 1547 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Coke Zero

    • 666 Words
    • 3 Pages

    As consumer tastes and preferences change over time, firms in the soft drink industry should adjust their existing products to meet the needs of their existing client base in order to maintain their market share. Since more markets are emerging, they also need to develop new product that will win the emerging markets. By modifying their old products to meet the demands of the existing/ loyal clients, it will…

    • 666 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Energy Drinks Case Study

    • 938 Words
    • 4 Pages

    There are new coming items in beverage industry during the mid-2000s, which are energy drinks, sports drinks and Vitamin-Enhanced beverages. These items focus on different flavors, specified consumers, efficient distribution systems, and products innovation in the beverage market. They compete with water, soft drinks, juices, tea, and other common drinks, which are in low prices, good and long history of brand reputation, easy to accept the taste. From 2005 until now, alternative beverages grow fast and take more and more market share in the whole world beverage market. The main alternative beverages companies are Coca Cola, PepsiCo, Red Bull and Hansen Natural Corporation.…

    • 938 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Marketing Plan

    • 3715 Words
    • 15 Pages

    M2M Customs is a start-up auto restoration shop. The company is engaged in the restoration of old American cars, and the designing and building of hot rods, and street rods. Body work and rust repair is the majority of our work. Phaethon's Chariot has recently bought a new state-of-the-art restoration shop, located at 6632 Reese Road, Memphis TN. The company is dedicated to providing the highest quality workmanship. M2M Customs keeps up on all the latest tools and techniques of the trade to perform the highest quality work possible today. Phaethon's Chariot is located in Memphis, TN. Our company and employees are dedicated to doing each job right the first time, and retaining each car owner as a lifetime customer of our shop.…

    • 3715 Words
    • 15 Pages
    Good Essays
  • Powerful Essays

    Tata Tetley

    • 1170 Words
    • 5 Pages

    As part of Tata Tea’s strategic intent to rely less heavily on black tea revenues and position itself to benefit from the growing convergence between the tea beverages business and other beverage segments, Tata Tea and the Tata Group have recently acquired a 30% equity stake (the “Acquisition”) in Energy Brands Inc. (“Energy Brands”) for an overall consideration of USD677m. Energy Brands is a “new age”beverage company that was formed in 1996 and is engaged in the branding and marketing of enhanced water. It is one of the fastest growing beverage companies in the USA(CY2005 revenue growth of 89% and sales of USD176m).…

    • 1170 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Marketing Plan

    • 885 Words
    • 4 Pages

    How is building a brand in a business-to-business context different from doing so in the consumer market? When one first thinks of this one probably think about loyalty. Loyalty means consumer choses to use again and again the same product, the same brand. Consumers who are loyal to a brand are not willing to change it with another competitor brand. The business market vs. the consumer market the difference may seem obvious but the two can’t be any more subtle. Dwyer and Tanner (2006) said that business market generally entails shorter and more direct channels of distribution and consumer aim is a large demographic group through mass media and retailer and it on a more personal level. Hutt and Speh (2001) stated that most business marketers commit only small portion of their budget to advertising. When setting up advertising to the consumer market they usually pull out all the stops.…

    • 885 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Marketing Plan

    • 3995 Words
    • 11 Pages

    The Range Rover Evoque is a luxury compact SUV and was released in 2011. The car is a smaller and lighter alternative to the other products in the Land Rover product portfolio which is more fuel efficient (JaguarLandRover, 2011). Land Rover’s market share currently sits under 20% however with the release of the Evoque it is expected to increase (Telegraph, 2011). With the proposed marketing plan, the price of the car is very flexible, ranging from £25 000 to £45 000, attracting a wide variety of customers from different market segments and gaining advantage over competitors at different ends of the SUV market such as Volkswagen, Mercedes and Audi. Customers can change their product in its appearance and performance to fit their needs. The car will be heavily promoted through collaboration with the music industry on television shows such as ‘The X Factor’ in order to gain high profile attention and a premium status by being awarded to the winning contestant of the competition. This also gives the product an opportunity to appeal to customers in diverse sectors of the market watching the show. Men’s style and car magazines will also be targeted in order to gain a good relationship with potential consumers and improve Range Rover’s brand image. The car’s improved fuel efficiency will attract consumers who are conscious about environmental sustainability and improve Range Rover’s brand image. Improved fuel efficiency also satisfies customers as they feel they are getting better value. Traditionally the buyers of Land Rover and Range Rover cars have been men (eHow.com, 2011), however the Range Rover Evoque’s unique size and shape means it appeals to more women. Expanding their market to women gives Land Rover bigger potential to grow. The following marketing plan will therefore not only expand Land Rover’s customer base, it will increase the market share of Land Rover and assist them in becoming the leading manufacturer of SUVs…

    • 3995 Words
    • 11 Pages
    Best Essays
  • Powerful Essays

    Marketing Plan

    • 7748 Words
    • 31 Pages

    SA Recycling is a recycling company that has been in the industry for over 50 years and is recognized as the largest scrap metal recycler in the Southwestern United States, providing approximately ten percent of total scrap metals exported annually. In this marketing plan, we focus on the supplier side, specifically in the residential area, to obtain more recyclable materials in order to maintain its exporting market share in the industry. We suggest SA Recycling apply a market penetration strategy as its strategic direction for long-term sustainable growth.…

    • 7748 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    Bubble Tea

    • 1161 Words
    • 5 Pages

    There are many variants of the drinks, and many kinds of types are used and ingredients added. The most popular bubble drinks are bubble milk tea with tapioca and bubble milk green tea with tapioca.[2]…

    • 1161 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The tea market of Bangladesh is growing rapidly. Tea sales have increased over the past years with the number of tea stalls offering sit down services. Most of the peoples of Bangladesh have accepted tea as an affordable refreshing beverage. We have surveyed different stores of Dhaka in order to create a new tea brand for the consumers researching on the current tea brands. After researching the market we came to know about the existing tea brands of Bangladesh. Our research led us to the top five tea brands of tea. They are as follows Ispahani Mirzapur, Lipton Taaza, Tetley, Finlay & HRC. They became the top five tea brands because of their quality, cost effectiveness & good marketing strategy. Most of them started as foreign brands, but now they produce and market locally. We analyzed the existing tea brands in the market for their composition, features, forms & product levels. Then we tried to reveal the pricing strategies of our rivals. The place, promotions & advertisements scrutiny came afterwards & thus we acquired a very good concept of the tea product line.…

    • 13990 Words
    • 56 Pages
    Good Essays
  • Good Essays

    marketing plan

    • 2040 Words
    • 9 Pages

    In this chapter is marketing plan of the Company XY. It is a description of its competitors, the demand for the service, and the strengths and weaknesses from a market standpoint of both the business and its competitors. In more detail, the field of activity, potential customers, the location, the operating markets and the business level is clarified. After chapter five, the operational plan will be explained.…

    • 2040 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    MARKETING PLAN

    • 2960 Words
    • 14 Pages

    RIC AND REMY’S Bakeshop is a sole proprietor operating business here in Zamboanga City. A progressive, socially oriented enterprise continually seeking to provide high quality baked products for its market sector targets.…

    • 2960 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Soft Drink Industry

    • 2188 Words
    • 9 Pages

    Generally speaking, the soft drink off-trade value worldwide is gradually rising ever year, from $231,401 in 2001 to $323,031 in 2006 (Global Market Information Database 2007). The biggest market for soft drinks is still North America and Western Europe, which together consumed 43% of gross soft drink volume worldwide in 2006 (Global Market Information Database ‘07). However, the general developing trend for the North America and Western European market is now shrinking in terms of the global market while the Asian market is expanding very rapidly in recent years to now account for 22% of the global market (Global Market Information Database ‘07). The market volumes of Africa, the Middle East, and Australia are comparatively smaller. However, the Middle East, Africa, Eastern Europe, and Asia-pacific markets are “emerging markets” and attract many companies, ranging from multinationals to niche specialists, who continue to see volume growth well in excess of the market average (Robinson ‘04).…

    • 2188 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Ceylon Cold Stores Limited (CCS) is a Sri Lanka-based company which was originally known as The New Colombo Ice Company and was introduced more than 100 years ago. They purchased Colombo Ice Company in 1894 which was producing ice and mineral water those days. It is now mainly recognized as Elephant House .In 1936; CCS introduced latest machinery in their production line to introduce carbonated soft drinks. The principal activities of the Company currently are manufacturing and marketing of beverages and frozen confectionary. The Company operates in two business segments: manufacture and retail trade. Ceylon Cold Stores Limited is now owned by John Keells Holdings.…

    • 3382 Words
    • 14 Pages
    Powerful Essays

Related Topics