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STARBUCKS CHOCOLATE HUI YAN YI, KATHY LAU HOI LING, JOANNE

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Presentation on theme: "STARBUCKS CHOCOLATE HUI YAN YI, KATHY LAU HOI LING, JOANNE"— Presentation transcript:

1 STARBUCKS CHOCOLATE HUI YAN YI, KATHY LAU HOI LING, JOANNE
LAU YAN LING, JENNY TO CHIN PANG, BEN WONG WA CHUN, RYAN

2 Brand Attributes One Person One Neighbourhood One Cup
Green and earth colour logo Mermaid Image Stylish High but affordable Quality Price High Package and single-serve coffee and tea Comprehensiveness Coffee mugs Beverage Food 60 countries worldwide Approachable Ubiquity Store Facilities Comfortable seating WIFI Music Write your name on the cup Customer Experience Customized Smiley face “Just say yes” One Person One Cup One Neighbourhood

3 Starbucks’ Wheel Stylish Comfortable 3rd place Good taste Relax
Seat and music How the brand makes me look How the brand makes me feel Stylish Comfortable 3rd place Good taste Relax Satisfying Customized WIFI Services Quality of life Caffeine Convenient Taste New seasonal product Refresh Excitement

4 New Product Description
Brand Extension – Chocolate with fluid coffee filling Why chocolate? Mocha Peppermint Chocolate Cappuccino Macchiato Caramel Latte Vanilla Brand Extension

5 Starbucks’ Wheel Brand 3rd place Stylish Comfortable Value Relax
We are in the people business serving coffee, not the coffee business serving people Brand Seat and music How the brand makes me look How the brand makes me feel 3rd place Stylish Comfortable Value Relax Satisfying Not just coffee Lifestyle WIFI Services Good taste Customized Caffeine No limit to becoming Sense of belonging Convenient CORE Taste Quality of life Human spirit New seasonal product Refresh Exploration Excitement Mission What does the product provide for me How I would describe the product Energetic **Starbucks follower are an asset (FB fans ) For fun Friendly Delicious Sharing Caffeine For some caffeine addict Happy Personality Unique Needs Starbucks own flavours texture Satisfy needs of coffee and chocolate at the same time Endorphin Rich taste Chocolate and fluid coffee Happiness Product

6 Brand Equity Customer-based brand equity Aaker(2009) Perceived Quality
Brand Awareness Green and white Starbucks logo Brand Loyalty Superior level of customer service High degree of customer loyalty Perceived Quality High quality of brand Selection and training of barista Brand Associations American World-wide Large variety Corporate social responsibility Brand Asset Brand name Starbucks indicates strong brand identify Customer

7 Archetypes Explorer Freedom & Fulfillment Self-directed
“Exploration is really the essence of the human spirit.” Quoted by Frank Borman Get away from stress life Helps people feel free Explore the ways to satisfy customers needs Create a lifestyle Freedom & Fulfillment New product categories Endless possibilities for great parings Experiencing new things Self-directed

8 Geographic Segmentation & Targeting
Sources: Rating and Valuation Department, 2015

9 Demographic Segmentation & Targeting
Source: Hong Kong Annual Digest of Satistics 2015

10 Median Monthly Income by Education Level
Demographic Segmentation & Targeting Median Monthly Income by Education Level Lower Secondary and Below $8,500 Upper Secondary/Sixth Form $10,000 Post-secondary $13,500 (Diploma/Certificate) $12,360 (Sub-degree Course) $25,000 (Degree Course) Source: 2011 Population Census Thematic Report: Household Income Distribution in HK

11 Positioning and Competitor
High quality Low Price High Price Perceptual maps are based on the buyer's perception this is challenging: what may be viewed as a quality product by one buyer, may not be perceived as a quality product by another buyer. Low quality

12 Positioning - Differentiation
The product differences are usually minor; Can be merely a difference in PACKAGING or ADVERTISING THEME The physical product need not change, but it could. CORE

13 References Aaker, D. A. (2009). Managing brand equity. Simon and Schuster. Census and Satistics, The Government of the HKSAR. (2011). Hong Kong 2011 Population Census – Thematic Report: Household Income Distribution in Hong Kong. Retrieved from Chamberlin, E. H. (1949). The theory of monopolistic competition: A re-orientation of the theory of value. Kotler, P. Keller, K. L. (2015). Marketing Management. USA: Pearson Rating and Valuation Department, HKSAR. (2015) Hong Kong Property Review Retrieved from Kotler, P. Keller, K. L. (2015). Marketing Management. USA: Pearson Census and Satistics


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