Kolson's Slanty Final Report

30
August 28, 2004. COMPETITVE BENCHMARKING: KOLSON’S SLANTY

Transcript of Kolson's Slanty Final Report

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August 28, 2004.

COMPETITVE BENCHMARKING:KOLSON’S SLANTY

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INTRODUCTION

CHAPTER I

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o ASAD SAEED KHANo SHAHRUKH RAISo AAMNA SAQUIBo FIZZA RIZVIo SOMAIRA KHATRI

THE TEAM

Asad
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PRESENTATION OUTLINE

o Background / Introductiono Target Groupo Research Scopeo Research Hypothesiso Research Objectiveso Conclusions o Recommendationso Key Findings o Q & A Session

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BACKGROUND

Federal Distribution & Marketing was founded in 1986.

FDM provides facilities of distribution, logistics, marketing, storing & warehousing.

It 1986, FDM joined with K.S. Sulamjee – the makers of KOLSON products.

Slanty was launched in March, 1999. Slanty is a pallet (papad) based snack and

enjoys 98% market share in this category.

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PRODUCT INTRODUCTION Three Flavors:

Plain Salt, Vegetable, Jalapeno

Two Variants: 15 gms pack & 35 gms pack

Retail Prices: 15 gms = PKR 5 35 gms = PKR 10

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RESEARCH HYPOTHESIS,SCOPE & OBJECTIVES

CHAPTER II

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RESEARCH HYPOTHESIS

“ Slanty is the leading local snack brand of Pakistan today. It has left

the previous local snack brand, Super Crisps, behind in terms of sales and

taste preference”

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TARGET GROUP Sample comprised of:

Male/Female Age Groups

2-12 12-20 20-25 25+

Residential area segregation Class segregation Occupation (Student/Working/House Wife, etc.)

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SAMPLE DETAILS

Extent => Karachi Sample Size (Consumer Surveys) =>

267 cases Sample Size (Retail-outlet Surveys)

=> 6 cases Sample Size (Mall-intercept

Interviews) => 8 cases (respondents)

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DATA COLLECTION METHODS

Consumer Survey Questionnaire. Detailed questionnaire to be distributed among

snack consumers. SWOT analysis based on responses.

Retail-Outlet Survey Questionnaire. Short questionnaire to understand consumer

preferences with regard to local and imported snack brands

Mall-Intercept Interview Questionnaire. Face to face questions with snack consumers to

understand the dynamics of life-cycle stage in progress.

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LIMITATIONS Coverage Biasing Error Factors

Interpretation Insufficient / Outdated Knowledge. Misleading Information Time constraints Unwillingness

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RESEARCH OBJECTIVES Determine factors influencing the purchase of

snacks Determine how satisfied consumers are with Slanty Determine factors influencing the purchase of

different flavors of Slanty Identify factors determining the preference of

Slanty over other snacks Determine how significant price is as a purchase

determinant for snacks

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KEY FINDINGS

CHAPTER III

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KEY FINDINGS

PREFERENCE BASED ON GENDER Respondents.

Male: 159/267 Female: 100/267

Preference: Jalapeno: 36% Male, 30% Female 20-20% don’t have slanty at all Male’s preference: Vegetable. Female’s preference: Plain Salt

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KEY FINDINGS

Cross Tabulation: Gender vs. Favorite Flavor

All Flavors JalapenoNon

ePlain

SaltVegetabl

eGrand

Total

Male 43 48 42 11 15 159

Female 16 36 22 15 11 100

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KEY FINDINGS

PREFERENCE BASED ON AGE GROUP Respondents:

2-12 => 22 13-20=> 52 21-25=> 89 25+ => 100

Cross Tabulation: Age Group vs. Favorite FlavorAll Flavo

rs Jalapeno NonePlain

SaltVegetabl

eGrand

Total

Age Group 2-12 6 4 5 3 3 21

Age Group 13-20 13 10 9 14 6 52

Age Group 21-25 21 39 16 3 10 89

Age Group 26+ 19 34 34 6 7 100

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KEY FINDINGS

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KEY FINDINGS

SLANTY AWARENESS Major Popularity Factor: WoM

(Word of Mouth) Friends & Families are the major

sources

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KEY FINDINGS

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KEY FINDINGS

SLANTY AD RECALL Total: 238 More than 200 cannot recall any ad

campaign for any snack brand.

Cross Tabulation: Age Group vs. Ad RecallNone Others Slanty Slanty and Others Grand Total

Age Group 2-12 14 7 1   22

Age Group 13-20 39 13 52

Age Group 21-25 67 19 2 88

Age Group 26+ 82 11 2 1 96

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KEY FINDINGS

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KEY FINDINGS SLANTY BUYING DECISION FACTORS

Buying is based on two most essential factors. Price Taste

Children are most attracted to the aesthetics of the packaging.Cross Tabulation: Age Groups vs. Buying Decision

Factor

FreshnessPackagin

gPric

e Shape of EatableTast

eGrand Total

Age Group 2-12 5 5 5 2 14 31

Age Group 13-20 18 12 22 5 35 92

Age Group 21-25 15 17 42 18 57 149

Age Group 26+ 27 11 23 7 40 108

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KEY FINDINGS SLANTY BUYING DECISION FACTORS

Consumers in ‘Below 8’ & ’25+’ brackets are less concerned with the price raises.

28% consumers say they won’t purchase if the price is raised.

Respondents between 16-24 are highly price sensitive.

10% say that price is an important factor with respect to snack purchase.

Cross Tabulation: Income vs. Effects on Purchase due to Price Raises

Don't Know No Yes Grand Total

Below 8 3 2 3 8

(8-15) 10 8 8 26

(16-24) 20 11 7 38

25+ 39 19 31 89

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KEY FINDINGS SLANTY BUYING DECISION

FACTORS

Smoked Chicken and Cheese are most preferred flavors. Smoked Chicken: 32%. Cheese: 28%

Children mostly prefer Tomato. Teenagers prefer Cheese.

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KEY FINDINGS

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CONCLUSIONS & RECOMMENDATIONS

CHAPTER IV

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RECOMMENDATIONS New Flavors. Ad-Campaigns.

Shelf Space Ads attracting Kids. Airing time of advertisements.

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CONCLUSIONS Major market segment (based on

flavors) Jalapeno: Equally liked between adult

males & females. Plain Salt: Teenagers. Children consume slanty irrespective

of flavor preference. Buying Factors

Taste, Price & Freshness are the major factors.

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DO YOU STILL HAVE ANY QUESTIONS ?