Line extension- Innocent Drinks

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  • 1. innocent Cereals giving you 2 of your 5-a-day!
  • 2. New Market Mechanisms New Market Development Deeper Market Penetration Derivative Products Platform Products R&D Strategic Portfolio Map Bar & Caf
  • 3. Cereals won fairly through the democratic procedure of voting. Evaluation Screen Innocent Evaluation tool innocent ideas Product advantage Market attractiveness Synergy with innocent innocent enough? Total Cereals 4.5 3.5 4.5 4.5 17 Caf & Bar 4 4 4 4.5 16.5 Jam & Dipping 4 3.5 4 4 15.5 Ice cream 4 3 3 3.5 13.5 Story books 0.5 0.5 1 0.5 2.5
  • 4. innocent Cereals
    • innocently fruity
    • Natural, healthy, Fair trade and organic
    • Product for all ages
    • mainly focus on young professionals
    • innocence
    • Stay in our domain
    • Do what we do best
    • Breakfast cereals sales are expected to grow by 3% (Euromonitor,2009)
    • In 2009, healthy eating was IN (Euromonitor,2009)
    • Not just for breakfast
    Why The innocent What The innocent
  • 5. Portfolio Circle Positioning in innocent Product Portfolio Smoothietasty Juicy Milky Vegilicious innocently crunchy
  • 6. Table reproduced from Kotler and Armstrong (2009) Brand Development Strategy Line Extension New Brands Multiband Product Category Brand Name New Existing New Existing Brand Extension innocent cereals
  • 7. innocent Cereal and its Market Position 13.7% 30.1% 14.9% 5.1% 8.2% Others We find our niche!
  • 8. Original source: www.lovemarks.com innocent Cereal - The Product LOVEMARKS Its Love Strawberries Raspberries pink Grapefruits BRANDS Low Love High Respect High Love High Respect PRODUCTS FADS Low Love Low Respect High Love Low Respect Its Joy Mangoes Pineapples Bananas Its Magic Blueberries purple Grapes Apples
  • 9. Source: Exactitudes (2010) Who wants to be innocent - Our Target Group Young Pro. Socially conscious Health conscious Highly educated Time- strained Primary Health Ethics Secondary
    • Natural
    • Safe
    • Ethical
    • Production
    • Initiatives
    • Package
    Tertiary! -Low % of salt, saturated fats, etc. -Food digestibility -Insurgence of allergies -Reduced energy/water use -Profit sharing -Recycled/renewable packaging Needs Evolution
  • 10. Support for an ethical and healthy life Tool for targeted social campaigns Mean that strengthens the corporate vision Improve their lives in a healthy and ethical way Opportunity to increase their shareholders return Listen to What Stakeholders Say Owners Employees Consumers Government Community
  • 11. Service Offerings innocent Product Portfolio Business Requirements innocent Services Understand Targeted Young Professionals Needs Mix innocent cereals with other products Shape up High blood pressure Look after your heart Breakfast Through Feedbacks Adjust innocents products or services Intangible Inseparability Variability Perishiability Ownership Existing Products
  • 12. We sure aren't perfect, but we're trying to do the right thing. Future Ethical Positioning External Environment
    • Fair Trade Positioning
    • Fair & local employment
    • No discrimination (ethical background or physical disability)
    • High respect and observation of national and international trade laws
    • Fair trade partnership with different countries and farmers
    • Regular inspection of on-site working environment (local production)
    • Regular visit and inspection of contractors working environment
    • Organic Positioning
    • Max. effort to use 100% organic raw materials
    • Max. effort to use 100% organic packaging
    High profile positioning in : ecological ethics supply ethics product ethics
  • 13. External Environment Future Product Development The Component Current Component Development Future Development The Packaging
    • 100% recycled and recyclable carton
    Perfectly Innocent The Colours
    • Solvent-free
    • Not yet bio-degradable
    R&D: 100% bio-degradable colours for packaging print The Glue
    • Not yet bio-degradable
    R&D: 100% bio-degradable glue for packaging OR Fold up box (no glue needed!) The Plastic Bag
    • 100% recyclable
    • Not yet possible to use 100% recycled plastic
    R&D: 100% use of recycled plastic for bags For freshness!
  • 14. 090017830 Anuja P. Vibe Manager 090006400 Brain H. Corporate Slave 080014363 Viswanath K.S. Secret Agent 090016369 Daniele P. Corporate Godfather 090011159 Nicole H. Design Geek 090015434 Christiane S. Fair Trade Fairy T H A N K S
  • 15.
    • Alara Wholefoods Ltd. 2010. Our Products . [Online].
    • Available at: http://alara.co.uk/124,l2.html . [Accessed 10 April 2010].
    • Carroll, A.B. and Buchholtz, A.K. 2006. Business and Society: Ethics and Stakeholder Management. London: Thomson.
    • Cereal Partners. 2010. Our Brands . [Online].
    • Available at: http://www.cerealpartners.co.uk/brands/default.aspx . [Accessed 10 April 2010].
    • De Pelsmacker, P., Geuens, M. & Van den Bergh, J., 2007. Marketing Communications: A European Perspective . 3rd ed. Harlow : Prentice Hall.
    • Doves Farm Foods Ltd. 2010. Breakfast Cereals . [Online].
    • Available at: http://www.dovesfarm.co.uk/breakfast-cereals/ . [Accessed 10 April 2010].
    • Euromonitor. 2010. Breakfast Cereals. (Updated 14th April 2010) Available at: www.euromonitor.com . [Accessed 10 April 2010].
    • Innocent Ltd. 2010. Our Ethics . [Online].
    • Available at: http://www.innocentdrinks.co.uk/us/ethics/ . [Accessed 10 April 2010].
    • Kellogg Company. 2010. Products . [Online].
    • Available at: http://www.kelloggs.co.uk/products/ . [Accessed 10 April 2010].
    • Kotler, P. & Armstrong, G. 2009; Principles of marketing. 12th ed. London: Pearson Education Inc.
    • MarketWatch. 2010. Food: Industry Update. Global Round-up, Mar2010, 9(3), pp.59-60. Abstract from Business Source Premier Database.
    • Available at: http://web.ebscohost.com/ehost/detail?vid=2&hid=13&sid=873e846e-9bae-4979-9c2f-075cb036c0ba%40sessionmgr4&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=buh&AN=48617934. [Accessed 10 April 2010].
    • The Co-operative. 2010. Website. [Online].
    • Available at: http://www.co-operative.coop/food/. [Accessed 10 April 2010].
    • Traidcraft. 2010. Breakfast Cereals . [Online].
    • Available at: http://www.traidcraftshop.co.uk/c-27-traidcraft-fair-trade-muesli.aspx . [Accessed 10 April 2010].
    • Weetabix Food Company. 2010. Our Brands . [Online].
    • Available at: http://www.weetabix.co.uk/brands/ . [Accessed 10 April 2010].
    • WholeEarth, 2010. Cereals . [Online].
    • Available at: http://www.wholeearthfoods.com/products/cereals/ . [Accessed 13 April 2010]
    References