Professional Documents
Culture Documents
Bhd
Nicer Dicer product
Intro
A start up kitchen appliance supplier
A trading company
Imports directly from manufacturer in
China
Nicer Dicer Interchangeable kitchen
blades attached to a container
Reduces the time to slice vegetables &
fruits greatly
Mission
To always provide excellent service to our customer with
quality kitchen appliances.
Objective
Focus on selling kitchen tools and machineries.
Market and selling all range of products related to kitchen
appliances in order to achieve the maximum margin.
Expanding the market share continuously.
Produc
t
Durabil
ity
No
Versatil
ity
Challen
ges and
Issues
Imitati
ons and
Frauds
Produ
ct
Safet
y
SWOT Analysis
Strengths
Weaknesses
Unique product
Wide range of
sales channel
High-quality
components.
Instruction and
demonstration.
Dangerous.
Retailers in
Germany.
Product design
Unclear
instructions and
demonstrations.
Opportunities
Threats
Improve safety
features
Worldwide open
market
After sales
services.
Face-to-face
demonstrations.
Imitations and
similar products.
Online frauds
Hard to get
spare parts.
Not all users are
well informed
TOWS Analysis
Weaknesses
W1 - The product is very dangerous and full of
sharp blades.
W2 - Retailers only available in Germany.
W3 - The product design is very fragile and
easily broken.
W4 - Unclear instructions and fast
demonstrations of product.
WO Strategies
W1O1 The products safety features can be
improved from time to time in the upcoming
product versions.
W2O2 Find good retailers worldwide outside of
Germany.
W3O3 The company should provide good after
sales services due to the weakness in product
design.
W4O4 The company should make road shows in
order to present clear use instructions.
WT Strategies
W1T1 The product should be redesigned.
W2T2 Promote through regional shops
worldwide to provide legal products.
W3T3 Spare parts should be given together
with the products.
W4T4 Develop more detailed yet simple
instruction videos and manuals.
Place (Distribution
Strategy)
Direct to Corporate Customer
Kitchiehelp Retail Store
E-Commerce
Logistics
Promotional Strategy
Demonstrate the product and enhance the
retail store
Engage local artist
Non Traditional marketing
Kitchiehelp Tour
Attend Bicycling and Rock climbing competitions
Kitchiehelp design contest
Social Media
Advertisement in Newspapers
Recommendation
To achieve more success in the kitchen appliances industry, Kithchiehelp should realign
the Vision, Mission and Objective in the future without compromising the core values
of the original purposes:
Vision
To be the number one preferred kitchen appliances provider in the South East Asia
Region
Mission
Excellent services and in depth understanding of our customers needs will enable
us to deliver quality and value to our customer.
Objective
Shifting business focus on high quality and user friendly kitchen appliances
Recommendation
Simplified and straightforward sales strategies
Decentralized marketing department to cater specifically
for SEA market and will embark on the following
strategies.
Focus on core products.
-focus on the current product nicer dicer and two more
product lines for our business.
-sales team shall initiate an advertisement which will
make users
to understand on how to use the product
correctly.
- Product manual also will be printed and available in local
languages
3.0.2 Recommendation
Sell deep into each account
-Based on existing Kitchiehelp customer base, the sales team
shall introduce to them the companys products / solutions in
kitchen and
culinary.
-Sales person to conduct direct demonstration on all products
Business Development
-Sales team will be encouraged to develop projects for the longer
term and address the immediate needs of the customer.
-develop further understanding on the customers perception
towards our products.
-Sales team to expand their relationship to cover the home users
as well as culinary department of restaurants and hotels.
3.0.3 Recommendation
Distribution Channels
-To reduce the initial operational cost, we start selling via Online
channels or E- Commerce portals such as other discounted channels
at a later stage.
-As the company grows, the company needs to look at expanding
the market awareness by promoting the products in hypermarkets
3.0.4 Recommendation
Pricing
-target middle to lower income families
4.0 Implementation
4.5 Marketing
Segmentation
Online: Align online marketing strategies and targeted
advertisement to the needs and behaviours of the identified
market segments of middle to low income households.
Product
Brand Name----->Kitchie Help Nicer Dicer
Quality------->High Moulded plastic and Stainless steel cutting Blade
Scope of product line----->Cutting, Dicing, Grating, Slicing
Warranty---->1 year
Packaging---->Attractive colour (green environment)
Price
Market penetration pricing strategy
Suppliers --->RM16
Direct selling/online---->RM20
Financial plan
a)Start-up Costs
b)Break-even analysis- Direct selling
c)Projected Cash Flow statement (12 month)-Direct
selling
d)Return on investment (ROI)-Direct selling
a)Start-up Costs
Start-up costs
Food Cost
Paper Cost
Food Cost Delivery Fees
Budgeted
24% of monthly sales
4% of monthly sales
0.3% of monthly sales
39530
9487
1581
119
2471
5534
250
296
1660
300
50
65
125
30
100
50
100
100
200
410
375
850
50
350
250
2800
1800
450
100
600
1000
500
500
350
400
988
332
34624
Regional / Co-Op Ad
TOTAL