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Marketing Sem002 Gp C
1. HTM 2121
TOURISM AND
MARKETING
SEM002
Group C
LAU Ellen 11302520D
Mak Ka Tik, Roy 11317559D
Ng Wing Chung, Witty 11367431D
Wang Huihan, Freda 10834481D
Zhang Xi yue, Everlyn 10813412D
4. Demographic trends
Chinese females travel consumption
amount
Growth rate of household consumption in
China
Salesof premium chocolate 129% in
past 5 years
6. Technological trends
Health-conscious consuming trend
New technology to produce
reduced-fat & fat-free chocolate items
Multi use trend
Innovative technology to produce
chocolate cocktails
chocolate cosmic
chocolate hotpots
7. Political-legal trends
Issue: Use of child labor and slaves in cocoa
farms
e.g.15,000 children were working
in the chocolate farms of Cote d'Ivoire
Establishment of a industry-wide labor
standards
System for monitoring the industry
8. Social-cultural trends
Double side trends:
Criticism:
high-fat milk chocolates – threaten health
Popularity :
contain antioxidant flavones- associated health
benefits
Pursuit for ‘healthy chocolates’
-Low fat
-Nutritious
-Organic
10. Opportunities
Satisfaction for ‘diet ’ trend
- Low fat and calories
Satisfaction for ‘healthy and fit’ trend
- Organic materials with rich nutrition
Best choice as souvenirs
- Hong Kong as an attractive tourism destination
- Specialty of Hong Kong-Chinese chocolate brand
Cooperation with hotel chains
- Special promotional tool
- Concentration on target market
11. Threats
Competition from other matured
companies (e.g. Godiva)
Existing market share Loss of potential
Recognizable brand customers
Powerful promotion
Imitation of brand concept
- ‘Organic and Diet chocolate’
- Diminishing uniqueness
12. Competitor analysis
A new market
Current Competitor
Godiva ( similar image and services
at similar prices)
13. Competitor analysis
PRODUCT
-Two production methods (enrobing and shell-
molding )
-Made by fine chocolate and high quality
ingredients
-Two types of chocolates: Gold collection and
Piece by Piece
PLACE
-15 stores in Hong Kong
-Luxury product shopping mall
14. Competitor analysis
PRICE
Piece-by-Piece: HK$140 per 100gm.
Gold Collection 8/15pcs: HK$150/$280
Gold Collection 25/32pcs: HK$450/$580.
PROMOTION
Cooperate with Town gas Cooking
Centre Chocolates School for making
chocolates class.
15. Competitor analysis
Strength
High quality product
Global brand
Leader
Complete sales net in the worldwide
Weakness
Godiva chocolate’s price set on a high level
16. Competitor analysis
Opportunities
Luxury image and positive brand name
Close interaction between Hong Kong
and Mainland China
Threats
Keen competition
E.G: Agnes B operated its own chocolate
shop these years.
17. Our Objectives...
To become a famous brand in Hong Kong
5% Market share in Hong Kong market
18. Market share of choclatiers in
China
30% Foreign
chocolate
brands
70% Local
According to Marbury (2009), foreign chocolate brands
have captured 70% of the Chinese chocolate market.
19. Become a famous brand
HOW?
A high quality
materials
Well-planned strategy
An environmental
friendly way and
sustainable
development policy
High quality
21. Target customers analysis
Chinese traveler is a big group of
potential customers
High demand of product and purchasing
power
Our product can satisfy their wants
Healthy
Psychology
Purchase pattern
22. Marketing Mix strategies and
programs (4Ps)
Positioning
Mainland female traveler in Hong Kong
aged 26-47
Luxury brand
Main competitor - Godiva
Trailer made chocolate for Mainland
female
Hong Kong based company
Cater cultural need
23. Marketing Mix strategies and
programs (4Ps)
Products
French woman
Sophisticated
Independent
Stylish and modern
28. Marketing Mix strategies and
programs (4Ps)
Place
Business and leisure
5 stars chain hotels
29. Marketing Mix strategies and
programs (4Ps)
Promotion
Free chocolate desert for the hotel
restaurant
Hotel staff promote our chocolate
Free chocolate gifts for hotel guests on
their birthday
35. Marketing controls
Corrective actions
Services
Ensuring staff quality meets standard
Lessons for improving service attitude
Food
Consider another cocoa supplier to enhance
higher quality
Develop more products that can attract
different customers
36. Marketing controls
Corrective Actions
Promotion
Decreasing the budget of the least effective
channel.
Cut the budget of the most effectiveness
promotion channel and uses it to other new
channels in order to test the market.
Remain one or two highest effective channels
instead of multi channels if the promotion cost
could not provide expected sales.
37. Reference
Australian Vitamins. (n.d.). Cacao Beans: Raw Organic. In Australian
Vitamins.
Retrieved Mar 7, 2012, from
http://www.australianvitamins.com/products/view/908.Price.
China.com. (2006). 中國女性生活狀態報告. In China.com. Retrieved
2006, from
http://big5.china.com.cn/info/zhuanti/nxsh/node_7003138.htm.
Godiva. (n.d.). Godiva Chocolatier. Retrieved March 8, 2012, from
http://www.godiva.com.hk/
HIGHBEAM BUSINESS. (2011). Chocolate and Cocoa Products market.
In HIGHBEAM BUSINESS. Retrieved March 8, 2012, from
http://business.highbeam.com/industry-reports/food/chocolate-
cocoa-products
38. Reference
HKTB. (2010). Visitor arrival statistic. In HKTB . Retrieved 2010, from
http://tw.partnernet.hktb.com/pnweb/jsp/comm/index.jsp?pageContent=%2Fjsp
%2Frso%2Frso_pub.jsp&charset=b5.
In N Marbury (Chair)(2009). Paper presented at Godiva brand brief.
H.Smith. (1935). 中國人的性格. In angelfire. Retrieved 2010, from
http://www.angelfire.com/hi/hayashi/xinge.html.
Karyu Realty Ltd. (n.d). Retrieved March 21,2012, from
http://smeitrade.com/showroom/model/T0126/templateCategoryProductList.do
?ParentId=1326965323672000479&webId=1318559973524012836&editCurrentLan
guage=1318559973556012837.
Leanne, M. (2011). Top 10 Luxury Chocolatiers. In The Asia City Network. Retrieved
March 21,2012, from
http://hk.asia-city.com/restaurants/article/top-10-luxury-chocolatiers.
39. Reference
National Bureau of Statistics of China.Retrieved March 8, 2012, from
http://www.stats.gov.cn/
Net MBA Business knowledge Center. (n.d.). The Marketing Mix (The 4 P's of
Marketing). In Net MBA.Retrieved Mar 7, 2012, from
http://www.netmba.com/marketing/mix/
Qunar. (2010).女性旅遊報告趨勢. In Qunar. Retrieved 2010, from
http://hot.qunar.com/download/2010womentravelreport.pdf.
The Epoch Times. (2005). 中國女性生活質量報告.In The Epoch Times . Retrieved
2006, from
http://tw.epochtimes.com/b5/6/3/2/n1242531.htm.
Ycharts. (2011). Rocky Mountain Chocolate Factory Gross Profit Margin. In
Ycharts. Retrieved March 21,2012, from
http://ycharts.com/companies/RMCF/gross_profit_margin.