K&n's Food
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Transcript of K&n's Food
Strategic Marketing Management
Project on K&N’s Presented to: Miss Nadia Rahim
Presented By:
Mudassar Iqbal
Company history
K&N’s, a founding pillar and beacon for Pakistan’s Poultry Industry started in 1964 with a single minded objective of providing better nutrition for health and happiness of the nation.
Building on years of poultry expertise and commitment to food-safety, K&N’s integrated all poultry production activities under one umbrella to bring you safe and healthy chicken by managing and controlling all stages of production.
Market Research
Market is changing Working communities struggle with possibilities for their lunch Needs healthy alternatives for daily consumption Economic alternatives for daily consumption
Two Offers Option 1: Freshly made home food delivered at work place Option 2: Category expansion in frozen food market
Market Research We conduct a market research & fill Questionnaire
from working men & women.And our Result shows an Individual average spending of money on food.
Market ResearchQ: If there was a service available to deliver freshly made home food to your work place
How frequently would you avail it
Market ResearchQ: If frozen meals were available in market place to be microwave and consumed
How frequently would you avail it
Marketing competence
Market share of K&N’s is almost 70% (on average) in ready to cook food category.
At Hyper Star almost 80% people buy K&N’s products.
At CSD almost 60% people buy K&N’s products.
at Macro almost 75% people buy this brand.
This is the highest market share and at this time it is the leading brand in this category.
Market share
Positive points of its productFrom the customer view point K&N’s is providing healthy food. It is easy to cook especially it facilitates the working women because they don’t have much time to make all those things in home. They are targeting the children as well through fun nuggets so women are using for their children lunch. This brand provides the hygienic food to its customer that build trust in the customer. Moreover the taste of K&N’s food is superior then others. These attributes are increasing its’ market share and this brand is growing.
Strengths
• Easily availability of all products• K&N’s is recognized as a brand name
• Less time consuming
• Full nourishment diet
• Halal food
• ISO 9001:2008 certified • Best Distribution Structure in urban areas. • Best Expertise In R&D
Weakness
• Expensive food • Target only working women• presented in only posh areas’ markets• Non presence in country side• Lack of awareness in people• Their discount only for their regular customers
Market AnalysisStrength
•K&N’s is recognized as a brand name• Easily availability of all products• Less time consuming• Full nourishment diet• Halal food • ISO 9001:2008 certified • Best Distribution Structure in urban areas. • Best Expertise In R&D
Weakness
• Expensive food • Target only working women• presented in only posh areas’ markets• Non presence in country side• Lack of awareness in people• Their discount only for their regular customers
Market AnalysisOpportunities
• Ready To Eat Product• The company will extend their business in allover the world through export the products• The country also get benefit in economic power through trade of foodstuffs• Door to Door Delivery•Emerging female Professionals Market• Increase Domestic Sale
Market AnalysisThreats
• There is a big threat from competitors like Menu, Man-o-Salva, Dawn food etc• Increase in inflation rate in the country• Diseases in the poultry like bird flu, Influenza , Hydro pericardium syndrome etc.• Growing prices of equipments• Rising rates of poultry related things such as; day old chicks, feed etc.• Electricity Failure
TOWSStrength – Opportunities
• Door to Door Delivery of Full Cooked Meal to the Offices as well Homes.
• Using the perception of Safe & healthy chicken invest into global market for halal product in adjacent countries.
TOWS
Opportunities – Weakness
• Give Expert Opinion to the general stores Owner how to manage frozen food.
• Increase Outlet’s of K&ns
TOWSThreats – Opportunities
•Due to increase new entrants K&Ns target Rural areas.
• Make more efficient distribution structure.
ACM MatrixASSETS & COMPETENCIES
WEAK
MEDIUM
STRONG
LOW
Product line refocus
MEDIUM
Retail outlets
Management of frozen foods in general stores• Cold chain management
HIGH
Diseases control• Staff expertise
-Brand-Safe and healthy chicken-Halal-Reliable-High quality-Technology
MARKET
A TTRACT IVENESS
Marketing Strategy
MARKETING STRATEGYK&N’s: is using the marketing concept as its current marketing technique stating that “the organization should be
aware of the needs and wants of the target markets and should be delivering the desired satisfaction better then the competitors do in order
to achieve the organizational goals.”
Product Concept:This concept says that “consumer will favor products that offer the most
quality performance and features and that the organization should therefore devote its energy to making continuous product
improvements.”K&N’s from the very beginning has focused on providing better nutrition for the health and happiness of the nation and we will be keeping the words as they were before. Quality is our very first priority
that will make us build strong and profitable customer relationships.
Conclusion • In today’s fast moving the major issues related to society is the TIME• More people were found to be careful about contents and taste of products they consume• They prefer easy to use and quick to serve products in their meals.• K&N’s has opportunity to expand our business