Sweetgreen PPT
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Transcript of Sweetgreen PPT
Agenda:o Company
backgroundo Overviewo Target
audienceo Strategyo Promotion
scheduleo Questions
Kendal Duncan | Talia Glickman-Simon | Michaela Ragaisis Jewels Tortorello | Paige Triplett
Founded: 2007 in Washington, D.C.Food: delicious, healthy, and transparentCategory: quick, casual diningCore values:
BACKGROUND
win, win, wincreate solutions where the company wins, the customer wins, the community wins
think sustainablymake decisions that will last longer than you will
keep it realcultivate authentic food and relationships
add the sweet touchcreate meaningful connections everyday from farm to patron
make an impactthink smarter, work harder, do it together
OVERVIEW
MACRO ENVIRONMENT
Political• Upcoming elections• Trade, tariff, and tax
regulations• European law: health and
safety regulations, food labeling regulations
Economic• Coming out of the worst
economic recession of 21st century
• Disposable income• Business cycle stage-
recovery into prosperity
Social• Big diet/health concern: U.K.
has the greatest obesity and eating disorder issues in Europe
• Work/life balance• Environmentalism
Technological• Mobile apps become
customer buying mechanisms
• Personal advertisements/ communications
OVERVIEW
MICRO ENVIRONMENT
Bargaining power of buyers - Moderate• Large number of them
but little “financial muscle”
• Industry is not essential to consumers a leisure activity that can be lost in tough financial times
• Driving customer loyalty through low pricing, heavy brand building
Threat of substitutes- Strong• Consumers can eat in (cheaper) or
spend money on another leisure activity
• Increase in snacking/ eating on the go
Threat of new entrants- Strong• Low initial costs but industry is run by
major corporations (McDonalds, Yum!)• Low-margin markets have the threat of
increasing minimum wage
Rivalry- Strong [small number of multi national
corporations and med. sized brands]
Bargaining power of suppliers- Moderate• Quality and on time
delivery of produce is essential
• Switching costs and disruption to the supply chain would cause issue
• Suppliers have significant negotiating power- one supplier for many restaurants
OVERVIEW
INTERNAL ENVIRONMENT
Strengths• Customer is in control of meal-
customizable salads (thousands of combos)
• Organic ingredients, guaranteed fresh (takes advantage of health food trends)
• Heavy focus on the customer and community (sustainability)
Weaknesses• Price and availability of
ingredients vary because they are locally sourced (seasonality issue)
• Only offer soup and salads• Unknown brand in the UK
Threats• Increase in minimum wage could
increase costs drastically • Heavily competitive lunch market-
Pret, Chop’d, EAT (more well known)• Fast food chains are starting to offer
healthier options
Opportunities• Expand menu to include
sandwiches• Offer house made, brand version
of sides (drinks, dressings, cocktails)
o70% of diners claim they are more likely to eat a restaurant recognized for its sustainability
o2/3 of consumers display a shift in attitude towards locally sourced ingredients
OUR CONSUMER TRENDS: LIKING LOCAL
oUK Garden Centre reports an 85% rise in the sale of superfoods due to “more people choosing to ‘eat clean’”
oIFIC has found that healthfulness is almost as important as price as a purchase driver
oAccording to Cobra, the organic market is projected to experience a slow but steady growth over the next 5 years
OUR CONSUMER TRENDS: NUTRITION-FOCUSED
oQuick service food account for 50% of meals eaten outside of the home
OUR CONSUMER TRENDS: CONVENIENCE
o According to Cobra, demand for easy, quick, and affordable lunches is increasing, and widespread availability of money-off vouchers will provide an extra incentive
DECISION FLOW IN CHOICE OF MEDIA
Objectives
Promotional Budget
Feedback Target Audience
Decide Message
Promotional Mix
Choice of Media
TARGET AUDIENCE
People who work in London4,200,000
Yearly income of £29,000+(52%)
2,184,000
Yearly income less than £29,000
Concerned about eating a well
balanced diet (35%) 267,540
NOT concerned about eating a well-
balanced diet(65%)
Generation X (35%)764,400
Generation Y (20%)436,800
NOT concerned about eating a well-
balanced diet(65%)
Concerned about eating a well-
balanced diet (35%) 87,360
oDemographic:oWorking age oLives in London and commutes to work
on tube oBusy professional and social lives
oValues: oHealth conscious oCares about the environment oFocused on eating organicallyoEnjoys leisure time and eating out
A TYPICAL CUSTOMER
POSITIONING MAP
High Price
Healthy
Low Price
NOT Healthy
DECISION FLOW IN CHOICE OF MEDIA
Objectives
Promotional Budget
Feedback Target Audience
Decide Message
Promotional Mix
Choice of Media
Value proposition: o convenienceo nutritional
ingredientso local sourcing
PROMOTIONAL MESSAGE
If you are what you eat, shouldn’t you know what you’re eating?
#Knowurnutrition
SWEETGREEN LOCATIONS
Regent Street- working class (lunch breaks) and shoppers (disposable income)
Canary Wharf- business/finance professionals
DECISION FLOW IN CHOICE OF MEDIA
Objectives
Promotional Budget
Feedback Target Audience
Decide Message
Promotional Mix
Choice of Media
o Social Mediao Achieve 5,000 likes on each Sweetgreen London location’s Facebook
page by 1 April 2016 (end of Year 1) through the promotion on advertisements and daily posts
o Increase Twitter followers (@sweetgreenuk) by 3,000 followers by 1 April 2016 through the promotion on advertisement and daily posts
PROMOTIONAL OBJECTIVES
o Mobile Application Usageo 3,000 downloads of Sweetgreen mobile
app by 1 April 2016 (end of Year 1) through the promotion on advertisements and social media
o 50% of those who downloaded app become active users (earning one rewards salad bowl a month) by 1 April 2016
DECISION FLOW IN CHOICE OF MEDIA
Objectives
Promotional Budget
Feedback Target Audience
Decide Message
Promotional Mix
Choice of Media
PROMOTIONAL BUDGET
TOTAL BUDGET = £678,604
Medium Cost per Month
Number of Months
Total Cost
Tube Adverts £3,834 6 months £23,004
Bus Adverts £7,600 6 months £45,600
Escalator Adverts £100,000 6 months £600,000
Guerilla Marketing £2,000 5 months £10,000
DECISION FLOW IN CHOICE OF MEDIA
Objectives
Promotional Budget
Feedback Target Audience
Decide Message
Promotional Mix
Choice of Media
Integrated Communications Mix
[pull strategy]
TUBE AND BUS ADVERTS
If you are what you eat, shouldn’t you know what you’re eating?
TUBE AND BUS ADVERTS
TUBE AND BUS ADVERTS
GUERILLA MARKETING
Sweetgreen.com
HASHTAG: #knowurnutrition #becometheexpertFACEBOOK
Daily fun fact/picture posts Farmer of the month Salad of the month- focuses on seasonal veggie or fruit Share recipes/salad combinations on Sweetgreen Facebook group
TWITTER Quirky, “punny,” tweets about healthy eating and living
INSTAGRAM Contest: Tag @sweetgreenuk in pictures of your salad, whoever gets the most “likes” will win a gift card Tag workout buddies and other Sweetgreen lovers
SOCIAL MEDIA
FACEBOOK POST
MOBILE APP & LOYALTY CARD
Profile
Fitness
Nutrition
Points
Calories
Protein
Fat
Sugar
Vitamins
Check into the gym on the app to earn points
SCHEDULE
Goal #1: Increase brand awarenessMeasured by:
Number of likes on Facebook (end of year 1 = 5,000) Number of followers on Twitter (end of year 1 = 3,000) Traffic brought to Sweetgreen website from our ads
Track number of consumers brought to Sweetgreen landing page and bounce rate of these consumers through our ads’ specific links
Goal #2: Increase loyalty to brandMeasured by:
Number of Sweetgreen app downloads (end of year 1 = 3,000) Number of free salads given (1 free salad means consumer has
been presenting/checking in with app)
EVALUATION TECHNIQUES
" "A l l Na t u r a l " Jus t O n e Pa r t o f t he Equa t i on f o r Fa s t F ood O pe r a t o r s . " Pass po r t . Ju l y 31 , 200 8 . Acc essed Janu a r y 28 , 2 015 . h t t p : / / w ww. po r t a l . eu r o m on i t o r. c om / p o r t a l / ana ly s i s / t ab.
" Bus Adv e r t i s i ng P r i ces and O p t i ons . " - PSV M ed i a . Acc essed Feb r ua r y 5 , 2015 . h t t p : / / w ww. ps vm ed ia . c o . uk / bus - a dve r t i s i ng - p r i c es . h t m l.
" Bus Adv e r t i s i ng P r i ces and O p t i ons . " - PSV M ed i a . Acc essed Feb r ua r y 5 , 2015 . h t t p : / / w ww. ps vm ed ia . c o . uk / bus - a dve r t i s i ng - p r i c es . h t m l. " G ene r a t i on D i f f e r ences i n t he Wor kp la ce - - I m p l i ca t i ons f o r Ca r ee r Deve lopm en t . " C a r d i f f . ac . u k . Acc essed Feb r ua r y 7 , 2015 . h t t p : / / w ww. ca r d i f f . a c . uk / l ea r n / ass e t s / PDF / C PD/ C PD- m em be r sh ip / p lac e / G e ne r a t i ona l D i f f e r ence . p d f . F r i e nd , E l i zabe t h . " Fa s t Ca sua l D in ing ' s I n t e r na t i o na l P r ese nce I s G r ow ing . " Passp o r t . Nov em be r 26 , 201 4 . Acc essed Jan ua r y 28 , 2015 . h t t p : / / w ww. p o r t a l . eu r o m on i t o r. c om / p o r t a l / ana ly s i s / t ab.
F r i e nd , E l i zabe t h . " Th e Fu t u r e o f De ve lop ed M ar ke t Fo odse r v i ce M enu s : Ev e r y t h ing D e -Com m od i t i sed . " Passp o r t . Dec em ber 5 , 2014 . Acc essed Janu a r y 28 , 2 015 . h t t p : / / w ww. po r t a l . eu r o m on i t o r. co m / p o r t a l / ana ly s i s / t ab.
F r i e nd , E l i zabe t h . " O p e r a t o r s f r om Fas t Foo d t o Fu l l Se r v i c e Jo in t he Fas t Cas ua l G o ld R ush . " Pas spo r t . Dec em b er 1 6 , 20 11 . Acc essed Jan ua r y 28 , 2015 . h t t p : / / w ww. po r t a l . eu r o m on i t o r. co m / p o r t a l / ana ly s i s / t ab.
WORKS CITED
F r i e n d , E l i z a b e t h . " T h e R o a d A h e a d : S e v e n K e y s t o F u t u r e F o o d s e r v i c e G r o w t h . " P a s s p o r t . S e p t e m b e r 1 3 , 2 0 1 2 . A c c e s s e d J a n u a r y 2 8 , 2 0 1 5 . h t t p : / / w w w. p o r t a l . e u r o m o n i t o r . c o m / p o r t a l / a n a l y s i s / t a b .
K r y s , R a c h e l . " T h e G a p i n t h e W o r k p l a c e . " E f a . o r g . u k . A c c e s s e d F e b r u a r y 6 , 2 0 1 5 . h t t p : / / w w w. e f a . o r g . u k / d a t a / f i l e s / p u b l i c a t i o n s / 5 0 4 / T h e - G a p - i n - t h e - W o r k p l a c e - G e n e r a t i o n Y. p d f.
" L o n d o n U n d e r g r o u n d : 1 5 0 F a s c i n a t i n g Tu b e F a c t s . " T h e Te l e g r a p h . A c c e s s e d F e b r u a r y 5 , 2 0 1 5 . h t t p : / / w w w. t e l e g r a p h . c o . u k / t r a v e l / d e s t i n a t i o n s / e u r o p e / u k / l o n d o n / 9 7 8 9 9 6 6 / L o n d o n - U n d e r g r o u n d - 1 5 0 - f a s c i n a t i n g - Tu b e -f a c t s . h t m l.
" O u r S t o r y | S w e e t g r e e n . " S w e e t g r e e n . A c c e s s e d F e b r u a r y 9 , 2 0 1 5 . h t t p : / / s w e e t g r e e n . c o m / o u r - s t o r y /.
P o w e r p o i n t . C M 5 2 1 : E u r o p e a n M a r k e t i n g S t r a t e g y. L e c t u r e 1 . J a c q u i B i s h o p .
" R e s t a u r a n t s M a r k e t U p d a t e 2 0 1 5 . " K e y N o t e . J a n u a r y 1 , 2 0 1 5 . A c c e s s e d J a n u a r y 2 8 , 2 0 1 5 . h t t p : / / w w w. k e y n o t e . c o . u k / m a r k e t - i n t e l l i g e n c e / v i e w / p r o d u c t / 11 4 9 3 / r e s t a u r a n t s / c h a p t e r / 1 / e x e c u t i v e _ s u m m a r y #.
" S t a t i s t i c a l B u l l e t i n : 2 0 11 C e n s u s : P o p u l a t i o n E s t i m a t e s f o r t h e U n i t e d K i n g d o m , 2 7 M a r c h 2 0 11 . " 2 0 11 C e n s u s : P o p u l a t i o n E s t i m a t e s f o r t h e U n i t e d K i n g d o m , 2 7 M a r c h 2 0 11 . A c c e s s e d F e b r u a r y 9 , 2 0 1 5 . h t t p : / / w w w. o n s . g o v. u k / o n s / r e l / c e n s u s / 2 0 11 - c e n s u s / p o p u l a t i o n - a n d - h o u s e h o l d - e s t i m a t e s - f o r - t h e - u n i t e d - k i n g d o m / s t b - 2 011 - c e n s u s - - p o p u l a t i o n - e s t i m a t e s - f o r - t h e - u n i t e d - k i n g d o m . h t m l. " Ta r g e t M i l l i o n s o f L o n d o n e r s w i t h D i g i t a l E s c a l a t o r P a n e l s . " G e t M e M e d i a . c o m . A c c e s s e d F e b r u a r y 6 , 2 0 1 5 . h t t p : / / w w w. g e t m e m e d i a . c o m / i d e a s / t a r g e t - m i l l i o n s - o f - l o n d o n e r s - w i t h - d i g i t a l - e s c a l a t o r - p a n e l s / c b s - o u t d o o r. h t m l .
" Te a m L o n d o n B r i d g e a n d t h e L o n d o n B r i d g e B u s i n e s s I m p r o v e m e n t D i s t r i c t . " Te a m L o n d o n B r i d g e a n d t h e L o n d o n B r i d g e B u s i n e s s I m p r o v e m e n t D i s t r i c t . A c c e s s e d F e b r u a r y 7 , 2 0 1 5 . h t t p : / / w w w. t e a m l o n d o n b r i d g e . c o . u k / D e a l c a r d - A d v e r t i s i n g - C B S - O u t d o o r - f a n t a s t i c - o f f e r s - o n - t u b e - a d v e r t i s i n g - a t - L o n d o n- B r i d g e - a n d - B o r o u g h - s t a t i o n s - 1 5 0 2 z z z n z z z . a s p x ? n e w s l e t t e r = 1 3 6 & ? n e w s l e t t e r = 1 3 6.
WORKS CITED CONTD.