2014 Kelley School of Business National Diversity Case Competition

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Team Zenith Victoria Chen| Rebecca Cohen | Ricardo Pérez | Alan Zhang TARGETING THE HISPANIC CONSUMER

Transcript of 2014 Kelley School of Business National Diversity Case Competition

Page 1: 2014 Kelley School of Business National Diversity Case Competition

Team ZenithVictoria Chen| Rebecca Cohen | Ricardo Pérez | Alan Zhang

TARGETING THE HISPANIC CONSUMER

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INGREDIENTS•1/2 cup (1 stick) butter•1 1/2 cups all-purpose flour•1 teaspoon baking powder•1/2 teaspoon coarse salt•5 large eggs•1 cup sugar•1 teaspoon pure vanilla extract•1 can sweetened condensed milk•1 can evaporated milk•1 cup whole milk•2 cups heavy cream•5 cups fresh fruit

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AGENDA

Introduction

Meet our Designer

Strategy and Messaging

Forecast

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THE HISPANIC CONSUMER

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THE HISPANIC CONSUMER

• As of 2010, Mexicans make up 63% of the Hispanic populationin the United States

Mexican63%Puerto Rican

9%

Cuban4%

Other24%

Hispanic Population (2010)The Breakdown

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THE HISPANIC CONSUMER The Importance of Family

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• Not all Hispanics speak Spanish• 2nd and 3rd gen. citizens

• Not all Hispanics want their culture to be exclusive

Common Misconceptions THE HISPANIC CONSUMER

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INTRODUCING OUR DESIGNER

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CELEBRITY CHEF AARÓN SÁNCHEZ

• Author• TV personality • Entrepreneur• Restaurant Owner

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WHY AARÓN SÁNCHEZ? • Mexican majority • Reaching mainstream audience• Culture and cuisine • Multiple recipe books• Partnered with TJ Maxx, Marshalls, Home Goods+• Personal cookware line • Zarela Martinez

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STRATEGY & MARKETING• Trial period

• Products available in select cities• Products

• Recipe books• Cookware • Dry ingredients, spices • Existing Target products & non-existing products

• Bundling opportunities • Mother’s products• Consumer savings through bundling• Strategic store placement

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MOBILE & ONLINE OPPORTUNITIES• Social media

• YouTube commercials • Twitter posts• Facebook posts and commercials

• Commercials • Airing commercials on Spanish-speaking channels• Using well-known public figures • Commercials communicating the importance of family

• Target’s Cartwheel App • Coupons specific to designer’s line

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FORECAST

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FIVE YEAR PROJECTION• Six month trial period• Bundling and seasonal deals • Strengthen relationship with Hispanic community

without alienating other groups• Sánchez becomes Target’s Hispanic representative• Partnering in order to reach different demographics• Relating to mainstream audience through varied commercials

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Ricky’s stuff

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POSSIBLE CHALLENGES TO OVERCOME• Possibly alienating Hispanic consumer• Failing to connect with mainstream

audience• Fail to achieve desired effect

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The Hispanic Consumer

Aarón Sánchez Projections

SUMMARY