...MKT 500 Final Project Milestone Six: Marketing Strategy-Pricing Kroger Drive Thru and Online Grocery Shopping prices will be set using customer value-based pricing. We will use the buyers’ perceptions of the value they place on the convenience of online and drive-thru grocery shopping. We chose customer value based pricing because we can afford to allow the local Kroger shoppers set the price they believe they should pay for online and drive-thru grocery shopping. In addition, we will not have many variable costs in developing our product. Most of our costs will be fixed which will mean we can get a great estimate on the initial costs associated with bringing this service to market. Our fixed costs will be staffing and marketing efforts. We can put as little or as much into marketing as we deem necessary. The costs associated with marketing will not be very high; Kroger has a great online following on their mobile application and website. Any marketing we want to do can be achieved via the website and/or the mobile application. Staffing is also a fixed cost; we know that Ohio’s minimum wage is $8.10/hr. We anticipate when we bring this product to market we will have a large amount of customers who will try the service for the first time. In preparation for the launch we plan to staff at least four additional full-time customer service associates to help with the volume of orders we are expecting. We want to be competitive with other local grocery chains and...
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...Walt Disney Corporation The Walt Disney Corporation (Disney) is an entertainment conglomerate with operations in the media networks, studio entertainment, parks and resorts and consumer products. They operate in North America, Europe, Asia Pacific and South America, with the U.S. being the major market. In order for Disney to experience long term growth, they have established 3 marketing priorities: creative innovation, global expansion and application of technology. With the execution of their marketing strategies, they had a great creative year in 2005. For creative innovation, they have invested in healthy food with Kroger and will soon launch a food line offering healthy alternatives, while personal care products, baby and toddler products, and floral items. For global expansion, Disney recently opened the Hong Kong Disneyland and resort and has recently expanded television service in India and China. For technology, they have invested in Video games, personal video players, broadband-based devices and other mobile products that will have an impact on their business. The Importance of Marketing Disney uses product development, product modification, branding, distribution, advertising, sales promotion, pricing and publicity as part of their marketing strategies. Creativity continues to be the main strategy of Disney, “from movies to television, from animation to live-action, from theme parks to consumer products to online business. Their ability to penetrate markets...
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...Relationship Management (CRM) 7 Customer Satisfaction 7 How Customer Satisfaction is Measured 7 E-Commerce Business Plan Template 8 Mobile Applications 8 Market Analysis Summary 9 Key Competitors 9 Walmart vs Amazon 10 Walmart vs WinCo 10 Data and Information Management Plan 11 Information Collected 11 How Information Collected Is Used 12 Policies to Protect Information 13 References 14 In today’s world shoppers like to have a one stop shop where they can go to get everything they need at a low price. Wal-Mart has provided that type of store for customer to be able to shop for groceries, clothes, house hold items, furniture, toys, pharmacy, and electronics. They are good at giving the customers what they want, they were the number one business of the Fortune 500 list for 2014 the second year in a row (Fortune 500 2014, 2014). Wal-Mart opened their first store in July 1962 in Roger, Arkansas. In 1991 Wal-Mart went international by opening up Sam’s Club in Mexico City. “Today, Walmart operates over 11,000 retail units under 71 banners in 27 countries (Our Story, 2014).” Walmart employs 1.3 million in the United States and 2.2 million associates around the world. Walmart’s mission statement is “Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online and through their mobile devices (Our Story, 2014).” In short Walmart often uses “We save people money so they can live a better life (Jurevicius, 2014).”...
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...Trader Joe’s No average Joe Trader Joe’s is an American privately held chain of grocery stores founded by Joe Coulombe. Trader Joe’s have been successful business for long time with their unique innovative strategy of selling natural and organic food products with only one brand of an item for low price. Their unique culture of relaxed beach environment and helpful knowledgeable employees makes their customer to stay loyal to the brand. Eighty percent of Trader Joe’s has in-house products that differentiate them from competitors and hard to imitate. Trader Joe’s target young educated people who want to eat healthy for low prices. They can really expand their business by investing in marketing, social media, loyalty- card program and building parking garages and gain bigger broader market segment in food industry. This also will help them competitive advantage over their competitors as they will have solid brand image and be successful over the long term. SWOT Analysis The strengths of Trader Joe’s are selling organic & fresh grocery at low prices, introducing new products to their stores frequently and offering friendly customer service. Trader Joe’s sell natural and organic food at cheaper price than its competitors. They buy in bulk one item rather than buying lot of similar items, which gives them competitive advantage over other supermarkets. Trader Joe’s introduce 10-15 new products every week and had special season items and; thus customers liked trying new...
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...advancements in the retail-industry such as same-day delivery services, specialty grocers, and meal-preparation businesses. Integration of ecommerce with the above services can drive fast growth in online groceries — much faster rate than offline. It can also have a better value proposition for users. ShopList is a mobile and application that helps user to track the groceries that have been bought and manage the grocery list easily with option of purchasing the groceries. The purchase options allow the customers to buy different groceries from different Retail stores. Through the market search we understood that the segment that is more attractive are people aged between 15 – 65, who purchases lot of groceries and also well versed with technology and online purchase. The user needs to have a smart phone to have the complete experience of the application. ShopList just need to attract 1.6M users to breakeven, which is less than the 1% of the population it is targeting. It looks like it is achievable. In the document we were still not able to explore all the revenue streams such as selling user data and preferences to interested organization. The success of the Application lies in getting more users and managing the grocery list and also creating a database of groceries available based on barcode. One of the competitors in the market is Amazon Button, which is still maintains the quantity level of only one grocery. ShopList takes it to a new level and helps customer’s manager all...
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...Industry size Supermarkets & Grocery Stores Market Research Report | NAICS 44511 | Jan 2015 Shopping smart: Increasing premium brand sales and healthy eating trends will spur growth The Supermarkets & Grocery Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets. Market Share of Companies Kroger Publix Super Markets Inc. Safeway Industry Statistics & Market Size Revenue $584bn | Annual Growth 10-15 1.3% | Annual Growth 15-20 | | Profit | Employment 2,489,995 | Businesses 42,036 | Industry Analysis & Industry Trends The Supermarkets and Grocery Stores industry has grown over the past five years, benefiting from a strengthening domestic economy. As per capita disposable income has grown over this period, some consumers traded up to premium, organic and all-natural brands, helping lift industry revenue. Over the next five years, the industry is anticipated to grow as a result of rising discretionary income, albeit at a more conservative rate than in the previous five-year period. As health concerns intensify, more consumers will seek all-natural and organic products, which are priced at a premium... purchase to read more Industry Report...
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...Assignment #3 – FEED Recovery Resources – Sourcing Funding Opportunities Michael Field Professor Steven Droll New Business Venture and Entrepreneurship May 24, 2014 Table of Contents | Section | Page | Abstract ………………………………………………………………….. | 3 | Introduction – Gaining Financing to Execute Business Plan...……………… | 4 | Source of Competition………………………….……….……………………. | 5 | Venture Capitalists Pursuit of Green Technology….……………………….. | 6 | Timing of Investment by Venture Capitalist…………………………………. | 7 | Friends and Family Financing……………………………………………….. | 10 | Angel Investor as Other Source of Capital………………………………….. | 12 | Conclusion …………….…………………………………………………….. | 13 | Abstract Shane Eten and Ryan Begin need to gain $250,000 in financing to launch their business venture, FEED Resource Recovery. Their business plan has gained some traction in presentations to venture capitalists without anyone taking the plunge. They have also gained some interest from potential customers, but have not secured commitments from anyone. Their current efforts focus on securing funding from available sources. As they approach potential investors, they need to acknowledge the possible downsides to their business plan including the invasion of competitors into their identified markets as well as a realistic valuation for the business based upon their lack of customers and lack of product prototype. Nevertheless, their focus on funding could emphasize friends and...
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...Introduction Walgreen Co. and CVS/Caremark are two of the largest retail drugstore chains in the United States, offering consumers a variety of basic consumer goods including household products, convenience foods, personal care, beauty care, photofinishing, and seasonal items, as well as over-the-counter and prescription medication. In addition to their well-known retail pharmacies, both companies also operate a health services health and wellness division. Within the retail pharmacy industry CVS/Caremark and Walgreens continually battle for the retail position. This document will offer an overview and basic competitive analysis of the two companies. Background Location & Type of presence (brick and mortar, or internet) According to the CVS/Caremark 2011Annaul Report, page 23; as of December 31, 2011, the CVS/Caremark Retail Pharmacy segment operated 7,327 retail drugstores with 7,271of these retail stores operating a full service pharmacy. Their stores are located in 41 states and the District of Columbia and Puerto Rico. Additionally, within these retail stores operate 657 health care clinics conducting business under the Minute Clinic name. The retail pharmacy stores operate primarily under the CVS/pharmacy or Longs Drugs names. In addition, the Pharmacy Services segment operates under the names CVS Caremark Pharmacy Services, Caremark, CVS Caremark, Care Plus CVS/pharmacy, Care Plus, and Rx America to providing pharmacy benefit management services to employers, insurance...
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...Retail 4.0: The Future of Retail Grocery in a Digital World Parag Desai Ali Potia Brian Salsberg The Future of Retail Grocery in a Digital World Introduction I f there’s one thing that always stays the same in retail, it’s change. New stores open, others go out of business. Market leaders experiment with larger or smaller store formats. They change the layout in their stores and launch new private brands on their shelves. Loyalty programs are tweaked, new offers and affinity programs designed. Supply chains become more automated and efficient, resulting in increased product availability and improvements in inventory management.But in reality there are few really big innovations in retail. Most of the change we see year after year is relatively incremental. True transformation in this sector comes along only once every few decades. And when these transformational events occur, they nearly always create new winners and leave a trail of casualties in their wake. To understand whether today’s innovations represent seismic industry shifts, it’s useful to recognize the three preceding “ages of modern retail”. This report focuses on the grocery sector, but we also draw on the best practices and experiences of leading retailers in different categories from around the world. For the purposes of this article, we’ll peg the birth of modern retailing to the 20th century and begin with what we call “Retail 1.0.” Retail 1.0: Birth...
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...Can you run your company out of your pocket? Discuss how smart phones, tablets, and other mobile devices can be used in running a business. Consider all types of devices With increase in the technology of smart phones, tablets and other mobile devices, the people are going more mobile. With use of smart phones, everybody is accessing their email accounts and contacts. With the use of some remote access tools, we should be able to access our desktop remotely in our mobile device and access from anywhere. Even for the accounting, the QuickBooks apps generated by intuit would help in maintaining the book. Even the payroll of the company can also be done using mobile devices. The major disadvantage would be the security, because if we lose the mobile devices, there is more chance for somebody to easily hack the information. The term cloud computing stems from the conceptual way the Internet is drawn, specifically as a cloud. Cloud computing is a way of explaining that users are no longer constrained or aware of where the services they are using reside. Both application and databases are moving from being hosted by the particular company to being outsourced to companies that can take entire enterprise applications and make them available to users via a browser. Yes my company uses cloud computing. It is Amazon network based Cloud computing. Our headquarters is located in Houston and we have a branch location in Louisiana. The cloud computing is very beneficial in sharing the...
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...Forecasting Forecasting is one of the most important business functions because all other business decisions are based on a forecast of the future. Poor forecasting results in incorrect business decisions and leaves the company unprepared to meet future demands. The consequences can be very costly in terms of lost sales and can even force a company out of business. Forecasts are so important that companies are investing billions of dollars in technologies that can help them better plan for the future. For example, the ice-cream giant Ben & Jerry’s have invested in business intelligence software that tracks the life of each pint of ice cream, from ingredients to sale. Each pint is stamped with a tracking number that is stored in an Oracle database. Then the company uses the information to track trends, problems, and new business opportunities. They can track such things as seeing if the ice-cream flavor Chocolate Chip Cookie Dough is gaining on Cherry Garcia for the top sales spot, product sales by location, and rates of change. This information is then used to more accurately forecast product sales. Numerous other companies, such as Procter & Gamble, General Electric, Lands’ End, Sears, and Red Robin Gourmet Burgers, are investing in the same type of software in order to improve forecast accuracy. (R. Dan Reid & Nada R. Sanders, 2009) It is not possible to accurately forecast the future. Because of the qualitative nature of forecasting, a business can come up with different...
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...COMPANY PROFILE Tesco PLC REFERENCE CODE: 34972414-9A41-4048-A7B6-1B0017054743 PUBLICATION DATE: 7 Feb 2013 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Tesco PLC TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts...............................................................................................................3 SWOT Analysis.....................................................................................................4 Tesco PLC © MarketLine Page 2 Tesco PLC Company Overview COMPANY OVERVIEW Tesco PLC (Tesco or ‘the company’) is a food and grocery retailer. The company primarily operates in Europe and Asia. It is headquartered in Hertfordshire, the UK, and employed 519,671 people, on an average, in FY2012. The company recorded revenues of £64,539 million (approximately $103,223.7 million) in the financial year ended February 2012 (FY2012), an increase of 6.8% over FY2011. The operating profit of Tesco was £3,985 million (approximately $6,373.6 million) in FY2012, an increase of 1.7% over FY2011. The net profit was £2,806 million (approximately $4,487.9 million) in FY2012, an increase of 5.7% over FY2011. KEY FACTS Head Office Tesco PLC Tesco House Delamare Road Cheshunt Hertfordshire EN8 9SL GBR 44 1992 632222 Phone Fax Web Address http://www...
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...ABSTRACT Barcode License Plate Recognition (BLPR) is a system capable of recognising number plates by scanning their barcodes for various different uses. A sophisticated barcode reader and algorithm converts the barcodes, into identifiable data. This allows the capture of critical information such as the registration of every vehicle entering a site or crossing the red light at traffics. This information can be passed to the police to assist in the pursuit and identification of contraventions. Visual proof of traffic contraventions with the corresponding time and date information can be provided as evidence and to avoid disputes. Using information supplied by the Driver Vehicle Licensing Authority (DVLA), because of our approved operator status, it is possible to identify the registered keeper of a vehicle and process the contravention automatically. The BLPR is to help eradicate road accidents on our roads which has become a headache to the government since all efforts are proving futile. It is been developed with Visual Basic.Net and Structured Query Language(SQL) Server using the Waterfall model. All data gathered by the BLPR system is stored in a database for future analysis and reporting. This project will provide an efficient way of combating crime and making the work of the MTTU easier. ACKNOWLEDGEMENT Our greatest and foremost thanks goes to God the Almighty Father. To Him be the glory for the great things he has done. It is just by His grace and guidance that...
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...reports rep or ts.informationweek.com Apri l 2012 $99 2012 Salary Survey Next 2012 IT Salary Survey For more than a decade, our annual InformationWeek IT Salary Survey has tracked salary trends in IT jobs. We go beyond the dollars and cents to look at staffing, career and personnel management issues essential to IT leaders. By Chris Murphy Report ID: R4150412-Main Previous Next reports 2012 IT Salary Survey CONTENTS 4 5 7 8 9 10 10 11 12 14 89 Author’s Bio Executive Summary Research Synopsis Rise of the Analyst An Unforgiving Market Skill Shortages Business Analyst: More Than An Order Taker Pay And Stability Motivate Education And Training: Learn Or Be Left Behind Appendix Related Reports TABLE OF Figures 8 Figure 1: Salary Growth Rate 9 Figure 2: Compensation Growth Rate 10 Figure 3: Change in Base Salary 11 Figure 4: Change in Compensation 12 Figure 5: Gender Gap 13 Figure 6: Compensation by Gender 14 Figure 7: Base Pay by Experience 15 Figure 8: Hourly Rate for Contractors/ Consultants 16 Figure 9: Base Salary for Contractors/ Consultants 17 Figure 10: Increase in Base Salary for Contractors/Consultants 18 Figure 11: Contractor/Consultant Compensation 19 Figure 12: Increase in Compensation for Contractors/Consultants 20 Figure 13: Reasons for Working as a Contractor/Consultant 21 Figure 14: Staff Base Salaries by Job Function 22 Figure 15: Management Base Salaries by Job Function 23 Figure 16: Staff Compensation by Job Function 24...
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...The purpose of this report is to conduct a comprehensive business performance analysis using financial historical information/analysis of Costco. While Costco may not seem to have the revenue, assets and market share like similar and larger companies such as Wal-Mart and Target they are without a doubt a very profitable and successful company. What Costco lacks in high margins, they make up for in being a highly efficient company boasting high asset and equity turnover while maintaining optimum liabilities and debt to equity ratios. Costco is a great company that is seeing profitable success due to their business model that prioritizes quality for both its customers and employees. However, emerging with the 21st century are new ways of doing business. Online companies like Amazon.com are quickly taking market share not just from Costco but also their biggest competitors: Wal-Mart and Target. In order to stay relevant, Costco will need to maintain their business growth in the coming years and also find ways to compete against online retail giants like Amazon.com. 1. Company Background Costco is a multi-billion dollar warehouse company that operates on a global scale. Consumers can frequent Costco to find merchandise including but not limited to groceries, electronics, furniture and home goods, pharmaceuticals and gasoline. Costco specializes in purchasing its merchandise wholesale and re-selling to consumers. Consumers who frequent the warehouse club are required to pay...
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