Documentos de Académico
Documentos de Profesional
Documentos de Cultura
There are so many biscuits available in the market. Some of them are working under giants of
industry and some of them are working solo and created their brand name with time. Most of the
companies are selling their products saying that their product is different and unique; they claim
to have different taste. But now people are getting aware that most of the companies have similar
taste. As they have same biscuits in different packing.
People now want something unique and something that turns up different from all other biscuits
brand that are available in the market. By judging the requirement of the people we discovered
that there is need for a product that is actually unique in taste and also keeps its self different
from other biscuits brands.
After identifying the need we decided to launch biscuits that are going to fulfill the needs of the
people and also healthy from others. These biscuits have unique taste of mint in them that no
other biscuit have. This unique mint taste of biscuits differentiate us from other biscuit producing
companies.
2. Our Innovation
Explanation of our innovation:
We are introducing mint biscuits family, which is not introduced yet in Pakistan. There are many
types of biscuits and have many types of flavors but, no biscuits have refreshing taste as our mint
biscuit have. In start we are introducing plain mint, and later we are planning to include orange
mint, chocolate mint & lemon mint biscuits. It can replace mint toffees, mint bubbles etc.
• Mint flavor
• Helps in digestion
• Refreshing taste
Mint biscuits create differentiation from its mint flavor, as mint flavor is introduced first by our
company in biscuits, now people can also taste mint in biscuits. People who use to drink mint tea
after lunch they can have mint biscuits instead of taking tea, it works in a same way, and no other
biscuit have quality of making digestion easy. It can also be a good option for smokers to
refresh their mouth.
Need Gap Analysis and how mint biscuits fulfill this need?
Techniques for determining the steps to be taken in moving from a current state to a desired
future-state: It begins with
(1)After judging this Gap we are going to launch a new product so, first of all we have to
work on the development of the product. We will do free sampling and sponsors the
shows so that people can be aware of our product.
(2) After maintaining the maturity point, when we will feel that our sales and profits are
stable and they are not increasing then we will diversify our product. Here we will
introduce new flavors to attract the more customers.
(3)As we have mentioned that we will first of target the market of Lahore, so after attaining
the desired position in Lahore, we will introduce our product in Islamabad, Faisalabad
etc.
Justification of the Innovation-why we think it’s going to sell?
We think mint biscuits are going to sell in the market because of the following reasons.
1. We think Mint Biscuits are going to sell because people want something different, people
want something refreshing yet different from the typical taste of the other biscuits
2. Smokers will highly prefer our product as there is no such direct substitute of Mint Biscuits™
3. It is first of its kind Biscuits that helps in digestion as there is Mint in it.
9%
16%
EBM
Kolson
LU Continental
55%
Bisconni
20%
Above is the current market situation of all the biscuits companies. Here we don’t have any share
of us, because we are new to the market. We hope to have break even point in the 2 nd year and
after that we hope to have 2-3% of total market share within four to five years.
1. Currently peek freans and LU are the two major biscuit manufacturers in the market and
enjoying the highest share in the market.
2. the demand of the biscuits is all time high and people are demanding biscuits in different
taste and flavors.
3. We are going to launch the product initially in Lahore so our expected market size is all
the area within the Lahore district.
4. We are sure that the market size of biscuit will increase in time as people tend to eat more
biscuits rather than other snacks
5. All the people who are consuming any biscuit product and also who don’t like to eat
biscuit are our target and potential customers.
6. We also believe that in time our potential market will be all Pakistan as we will increase
our production and distribution all over the country.
3. DEEP-LIST Analysis
Demographic Environment:
Mint biscuits are not specifically concerned with any religion, race, occupation, family
life cycle or sex and have a target market in every societal group. Main concerned
segment is young boys and girls, smokers and children. But we are also targeting
families; we will also keep an eye on seasonal festivals and other festivals in the country.
And we are also targeting the students of school, colleges and universities because most
of the students like to have biscuits with tea in the break time.
Economic Environment:
All income groups are favorable for the business of our mint biscuits. Minta also making
its products at lower prices. The reason why minta making its products cheep is that
every class in the economy can take benefit from our products.
Ecological Environment
Minta strive to put the 3 R’s (Reduce, Reuse, recycle) into action. Minta wants dramatic
reduce in the amount of waste we create, as soon as possible, through a policy of
Reducing, Reusing, and Recycling.
Political Environment:
Legal Environment:
it is not allowed to produce Haram food in Pakistan so that Minta acting upon on this
rule and producing Halal food.
Informational Environment:
Like all other companies minta have collected its information mostly from the consumer
market and also gather information directly from customers on internet or via questioner
or directly meetings with customers because information is very important for every
company.
Technological Environment:
As we know that technology plays a vital role to reduce cost and improve quality so, we have
purchased manufacturing plant from china for the production of biscuits.
4. Corporate Intent
Our mission statement:
• “To make and provide highest level of quality and taste in the
most cost-efficient manner.”
• As we think that we are going to face loss in the first year, so our goal is to achieve the break
even point after 2nd year. This will happen if we sale 48000 units of Tikky pack, 25000 units
of Half Roll and 10000 units of Family Pack per day.
, the total revenue for the year for us will be 189750000. After subtracting cost of goods sold, all the
commercial expenses, interest and the tax, we will have a net profit of Rs. 13520 at the end of 2nd year.
This will be our break even point.
products.
5. Competitive Analysis
Our indirect competitors:
• Peek Freans,
• Continental biscuits,
• Kolson.
• Biscconi
Substitute competitor:
• mint candies,
• Mint chocolate
i. Market Segment:
a) Demographics:
To divide the market into groups on the basis of variables such as age, family size, family life cycle,
gender, income, occupation, education, religion, race, generation, nationality and social class is known as
demographic segmentation.
Minta is not concerned with any religion, race, occupation, family life cycle or gender and has a target
market in every social class. Main concerned segment is youth who have experienced high product
consumption level and smokers who love to have something so that they can avoid bad ouder after
smoking.
b) Geographic:
To divide the market according to different geographical units such as nations, states, regions, countries,
cities or neighborhood is known as geographical segmentation.
In start we are just launching our product in Lahore. After its successful launching in Lahore, we will
launch it in all the big cities of Pakistan like Islamabad, Karachi, Quetta, Faisalabad and later on in all the
countries of Pakistan.
c) Psychographics:
In psychographic segmentation, buyers are divided into different groups on the basis of psychological or
personality traits, lifestyles, or values.
We are launching a product that is suitable for all the personalities. It is also suitable for all the people
whether all have different values or lifestyle.
d) Media graphics:
• Hoardings
• Boards
• News paper
• City 42
• Walls chalking
As you can see in this figure, that a single product is sold in a single market.
P = Product M = Market
Brand Name:
“Minta”
OUR LOGO:
Trademark:
Features
• Minta has mint in it.
• It is hygienically packed.
o CARBOHYDRATES
o PROTEIN
o FAT
o SATURATED FATTY ACIDS
o MONOUNSATURATED FATTY ACIDS
o POLY UNSATURATED FATTY ACIDS
o Energies
o Mint essence
Attributes
• Our Minta biscuits are baked to perfect timing and temperature.
• The tasty and crispy Minta biscuits have all the goodness of mint, wheat and milk.
• High in nutritional value, these Minta biscuits have mint for instant freshness.
• Our Minta biscuits are prepared and baked under the most hygienic conditions.
• Our biscuits have a delightful aroma, Freshness and crisp in every bite.
• Packaging is available in 3 different sizes ( tikie pack, Half role, Family Pack)
• We are providing the best of the Biscuits varieties at the friendliest of the rates to our
consumers.
Benefits
• It opens doors to freshness.
• It helps in digestion
• Consumers will get the maximum level of satisfaction against the price paid
Product mix
Range of associated products which yield larger sales revenue when marketed together than if they are
marketed individually or in isolation of others.
As it is mention earlier that at this time we are just focusing on a single product, so we don’t have any
product mix strategy till now. But in future when we will expand our product range or product line we
will make a strategy of product mix.
Strengths:
Weaknesses:
1. Heavy capital will be required for the promotion
2. Consumers are brand loyal these days so it will take time to capture their
loyalty
3. We have a limited target market (Only in Lahore division)
Opportunities:
1. No direct competitor
2. Can introduce more flavors
3. Our product is Hygienic alternative of bubbles and beetle nuts.
4. Now we are doing selective specialization, we have opportunity to do
market specialization.
5. We can make ourselves as a strong brand in future.
Threats:
• S/O matches show the company's strengths and opportunities. Essentially, the company
should attempt to use its strengths to exploit opportunities.
• S/T matches show the company's strengths in light of major threats from competitors.
The company should use its strengths to avoid or defuse threats.
• W/O matches illustrate the company's weaknesses coupled with major opportunities. The
company should try to overcome its weaknesses by taking advantage of opportunities.
• W/T matches show the company's weaknesses against existing market threats.
Essentially, the company must attempt to minimize its weaknesses and avoid threats.
These strategy alternatives are generally defensive.
S/O Strategies S/T Strategies
• As our product is the need of the • With our good quality people will
market so it will give us in start believing in our Brand (S2:T3)
making strong brand in the
future (S5:O5)
Placement Strategy
Wholesaling:
As we are new to the market and due to the limited budget our wholesaling
department would be at the same place at factory and at fewer wholesalers. Besides
that we are looking forward to enhance our wholesaling outlets in the market. We
are also giving wholesalers a good profit margin to increase our sales.
Distribution:
Our distribution department would be at the place of factory. We would do both
direct and indirect distribution of our Minta biscuit. We have selected this strategy
because it is our goal to hit, enhance and overcome the market in a short period of
time with our newly innovative product.
Retailing:
As we want to expand our market share we have decided to do massive retailing of
our product. We need our product to reach at every Shop, Stores and Khokha in
Lahore, for this retailer would sell our product due to a good profit margin.
Channels of Distribution:
The intensity of our distribution would be “Intensive”. Due to a new and
innovative product, we need our product to reach to the customer. There would be
dedicated shelf spacing to maintain the SKU (stop keeping units). We are
providing Minta to A, B and C class stores.
9) Promotion Strategies
1. The first step to position our product in the market we had to find who the
relevant buyers are. Now since we have started a unique Mint based biscuit
there is a lot of potential in the market. Now the question is how we are
targeting this potential market, our Main focus is to separate those who are
going to be the actual buyer and who going to be our long term buyers.
2. Now that we have focused the buyers, we are now going to explain our
customers that what we have is different from all the others who are in the
market. Mint biscuits are a unique concept itself. It’s of good quality full of
nutritious values and hygienically packed pack. Also the mint inside our
biscuits makes it one of a kind healthy product. This will attract people who
like to have mint flavor but are not that attracted towards biscuits.
3. In the next step we select a few customers and try our positioning strategy
on them so that we can have some initial feedback. That can help us later in
making major market positioning statement.
1. Functional positions
o Solve problems
o Provide benefits to customers
o Get favorable perception by investors (stock profile) and lenders
2. Symbolic positions
o Self-image enhancement
o Ego identification
o Belongingness and social meaningfulness
o Affective fulfillment
3. Experiential positions
o Provide sensory stimulation
o Provide cognitive stimulation
We have not ignored even a single positioning concept just to make sure that all
the related people are associated with and no one is left. Also making sure that
building a strong image in the mind of the customers
Strategy choose by US
We are offering fast moving consumer goods (MINT BISCUIT) that is in its
launching stage and we all know that in introduction stage, we have to invest
heavily on the advertisement. So, we have decided to use Above the Line
marketing strategy as we are in the process of launching new product so first of
all we want that people can be aware of our product. To get the people aware of
our product, we will use TV, Radio, Newspapers, Magazines, Outdoor, and
Internet.
b) Advertising Objective
Trial:
Brand Switching
We are using advertising strategies so that people can be aware of our product and
they can switch from competitors brands to our brand. It is a common strategy that
our company is using to compare product price or quality in order to convince
customers to switch to our product brand.
Campign Theme:
“Stay cool…Stay healthy”
Reach:
Frequency:
We are going to use the following media vehicles to reach our customers:
• Broachers
• TV
• Sponsoring Events
• Free Sampling
• Radio
• Wall chalking
Newspaper 940000
TV 2500000
Radio 200000
Push strategy:
When the manufacturer uses its sales force and trade promotion money to induce
intermediaries to carry, promote, and sell the product to end use.
Pull strategy:
When the manufactures uses advertising and promotion to persuade consumers to ask
intermediaries for the product, thus inducing the intermediaries to order it
Push strategy Vs Pull strategy:
We have selected Push strategy so that our new product is launched with greater effect. If we use
push strategy we will encourage the wholesaler and the retailer to sale our product to the
consumer. This way our new product can be launched successfully
Promotional Materials
We are in the launching stage of the product so we have decided to use maximum promotional
tools to help us promote our product in a better way.
We will use POS terminals in different shops and provide them racks in which only our product
will be displayed.
We will attend trade fairs and exhibitions so that we can keep our self updated to the current
market situation
10.Price
List price Trade price Margin price
Tikky pack 6 5.4 .6
Half role 12 11 1
Family pack 24 23.5 1.5
Par pricing:
We will use par pricing strategy for our product in the market because we are new in the market
and keeping an eye on our competitors we cannot use market skimming strategy because if we
use market skimming strategy we will have few customers because of Pakistani economic
conditions and we are not use penetration strategy because now a day’s people think that low
price means low quality as some time before Honda reduces his Honda 70 bike price and people
thought that they are giving low quality so for that reasons we will use Par Pricing Strategy to
overcome the market in the future.
11. People
i. Key people with specific skills:
Our company’s key people are our Marketing and Sales Force. These people are creative and
well known to their jobs and the field. These are the people with whom we will introduce our
product in the market and people will soon aware of our product. This Staff has the appropriate
interpersonal skills, attitude, and service knowledge to provide the product that consumers are
paying for.
Finance Department:
Production Department:
1 Manager, 1 Assistant, 1 Supervisor, 4 Technicians, 2 engineers, 6 Quality Check, 10 Packing
& 4 storerooms
Support Staff:
12 people for Loading and Unloading, 3 Office Boys, 8 Sweepers & 4 Guards
12. Processes
Our customers will acquire our product directly from the any Shop any store or Khokha. As our
outlet is at the same place of factory, this will give our wholesalers and retailers more
convenience in acquiring our product. We have our head office at raiwand Road from where
wholesalers and retailers can place their orders in bulk with special offers. Due to our Intensive
distribution, customers will face no difficulty in acquiring our product.
Physical Evidence
1. Land and Building
We purchased the Land on Raiwind Road, Lahore. The land cost Rs. 10000000. It took Rs.
25000000 on the construction.
2. Outlets
Our main and only outlet would be at the same place (Raiwind Road) where our production plant
is situated. As we will increase our production and diversify our product we are planning to
launch new outlets all across the District Lahore
The site area is 3 kannal and facing the main Raiwand road
Flank Attack:
Attacking a weak position in the opponent’s force is flank attack. Challenger identifies the weak areas in
the offering as well as marketing territories of the opponent and attacks those areas. A front attack may
also be launched simultaneously, but the frontal attack is only to engage the opponent. But the real victory
is won in the flanks. Market share gain in weak territories is the objective, but the opponent is forced to
defend his share even in his strong territories and products.
Launch plan:
There are two types of launch plan
Official launch:
The debut of a product into the market, the product launch signifies the point at which
consumers first have access to a new product.
After testing our product in soft launch we will officially launch our product when we ensured
that every distributor has our biscuit and it is ready to sale.
Strengths:
Weaknesses:
Opportunities:
• No direct competitor
• Can introduce more flavors
• Our product is Hygienic alternative of bubbles and beetle nuts.
• Now we are doing selective specialization, we have opportunity to do
market specialization.
• We can make ourselves as a strong brand in future.
Threats:
Currently our monthly sales are Rs. 14765625 and we want to increase this monthly sale up to
25000000 within 4 month and then we want to increase this monthly sales up to 40000000 within
8 months and then we want to increase this monthly sales up to 50000000 with in the year
Income Statement
Minta Biscuits ™
Income statement
For the Month ended 31st Dec, 2010
Revenue: 177187500
Minta Biscuits ™
Balance Sheet
As on 31st Dec, 2010
Amount Owners equity + Amount
Current Assets (RS) Liability (RS)
56390000
108274910 108274910