Aziz El Sous Catherine Carter Diego Granados Xuan Luo

Slides:



Advertisements
Similar presentations
Market Assessment for Small Businesses. Lecture Contents Marketing Mix/ Demand/ Demand Estimation Sampling Plan/ Data Collection and Analysis Market Survey.
Advertisements

Convenience vs. Homemade Foods
Convenience Foods. Convenience foods can cost more than the same foods you make at home. Choose them carefully. Make foods at home, if you have the time.
FOOD & DRINK INNOVATION NETWORK Quicker, Better, Faster NPD Conference Five Fundamentals of Concept Testing Chris Sinclair, Managing Director
Developing the Research Question
András BauerMarketing Management1. András BauerMarketing Management2 Overall marketing strategy Based on their mission statements, firms set strategic.
Understand processes and benefits of a work plan and teamwork for preparing healthy foods.
Good Business Sense 1 l 1,000 + interviews – 38 different questions l 5 Customer Focus Groups - Parents l 5 Customer Focus Groups - Children l Interviewees.
Bell Ringer  List some reasons why you think that some new businesses have almost immediate success while others fail miserably. The main idea: Successful.
Create your futurewww.utdallas.edu Data To determine whether there was a market need for healthier menu options at The Pub, a survey was developed to ask.
By Joe, Lucy H and Anya. We think this school has a tasty and healthy menu. Even though one of us has a packed lunch, she can always see something healthy.
FOOD CLUB. IN YOUR TEAMS PREPARE RECIPES, INGREDIENT LISTS AND INSTRUCTIONS. GROUP LEADER HELP YOUR TEAMS TO COLLECT INFORMATION, STICK TO BUDGET, PLAN.
MKT 346: Marketing of Services Dr. Houston Chapter 3: Positioning Services In Competitive Markets.
Starter In one paragraph (4-5 sentences) describe your favorite meal Ready…Set…Go!!
Final Presentation: Blue Apron MKTG 796 Section 302 Team 7; Chou, Jacobs, Stohler, Ramoutar, Manepalli.
Blue Apron Party Box Marketing 796 Final Project Section 302, Team 6 Emily Wu, Robert Benbow, Alyssa Gaughen, Sungjun Lee, Vikramjeet Singh 1.
Lunch Proposal Section 303 Team 8 Amelia Chappell, Susmita Das, Dustin Harris, Karen Ottoni, Neena Vasavan.
Blue Apron  Section 303  Team 9  Yousuf Alnoamany  Caitlin Degregorio  Raanan Sayag  Congrong LIU.
Section 302, Team 5: Emily Millette, Manuel Ortiz, Melody Qiao, Chad Tyler.
Reasonable Price Good Quality Good customer service Convenient location Good Range of goods.
Blue Apron: The Next Chapter Team 3 Victoria Smith, Scott Schulman, Michael Dearwester, Hyokang Lee, Steve Lee, Payal Kapoor.
: What’s Next? Market Intelligence (Section 302) Team 1: Irina Chaplygina, Matt Heitzer, Jennifer Kim, Jason Nickerson.
BLUE APRON Recommendations Shu Shu, Rishav, Trista, Caitlin, & Kelsey.
Evaluating a Product Line Extension Opportunity
Launch or No Lunch? SARAH MARTIN, MICKEY MESKIN, MARK HAMMER, PEILA ZHONG, NIKI MADA.
MKTG : MARKET INTELLIGENCE TEAM 10: Joy Anena Odongpiny, Emma Chen, Yihe Jiang, Savannah Omwochei, Susan Zhang ASSESSING A MARKET GROWTH OPPORTUNITY.
Blue Apron Business Opportunity Study: Lunch Meals Michael Gravelle, Geraldine Guichardo, Kate Mills, Ling Xiang, Jerry Zhuo.
Copyright © 2008 Prentice Hall All rights reserved 8-1 Short-Term Business Decisions Chapter 8.
ASH BUS 435 Week 3 Customer Survey Check this A+ tutorial guideline at survey Prepare.
Your how to guide for conducting effective market research.
“Blue Apron Custom” For Specific Dietary Restrictions
4 Opportunity Analysis, Market Segmentation, and Market Targeting
Marketing 1.05 MIM Acquire foundational knowledge of MIM to understand it’s nature and scope.
Section 12-1 The Menu.
Strategic Trends.
ENTREPRENEURSHIP Lecture No: 25 BY CH. SHAHZAD ANSAR
CONVENIENCE FOODS.
Introduction to Business
Market Intelligence Team 9.
October 2017 Forthcoming Events
Blue Apron Recommendations
DRAFT ONLY The Consumer Market.
The Official Breakfast of IHOP
To assess the market opportunity of a line of deliverable lunch meals
How to Improve Brand awareness for Berry Me Frozen yogurt and Cafe
Get Your Food Habit Right By Opting A Food Delivery Service
Saving Time with Online Food Delivery
Market Mapping Unit 1 Topic
Data Analysis AMA Collegiate Marketing Research Certificate Program.
MARKET RESEARCH.
“Delivering fresh products within the palm of your hands.”
Convenience foods vs. Homemade
CHAPTER SEVEN: THE MENU
Starter Activity Complete the worksheet provided by your teacher!
Week 7 Know your Customer
SEGMENTATION, TARGETING AND POSITIONING
Selling techniques to increase the likelihood of making sales.
Initiating a Research Effort
5.5 The Marketing Concept The marketing concept is the idea that consumers and competitors should be considered in every important business decision.
NIELSEN MAKE IT HEALTHY!
Team Name Who is my customer? What is my product?
Grocery Industry: Smart shopping for the future
Full Offering The more your offering fills your customer’s needs, the less likely it is for your customer to go to a competitor.
MeAl Preparation for life on the go
Marketing Name _______________ 5-2 Questions
Customer Needs.
Final Project: Marketing Promotion
SEGMENTATION, TARGETING AND POSITIONING
Market Test the Offer.
How To Conduct Market Research For A Startup Idea?
Presentation transcript:

Aziz El Sous Catherine Carter Diego Granados Xuan Luo Methira Siriburanont Thanayut Mingmankong

Index Objective Qualitative Findings Quantitative Findings Recommendation We will talk about who is J&J and what Career Opportunities It can offer. That’s it…

Objective New product line: Lunch meals Go / No Go decision Product Features We will talk about who is J&J and what Career Opportunities It can offer. That’s it…

Qualitative Findings Research Method: One-on-One Interviews   Key finding Usage situation Weekday lunch at school/work Competitors - Pack lunch/Food leftover from dinners. - Cafeterias/Restaurants Benefit - More meal variation - Convenient, Reduce Preparing Time Skepticism - No time to cook for lunch during the day or at night. - Not willing to pay higher than their regular meal Modification - Offer a pre-cooked meal, which can be assembly on spot. - Pack each meal separately in ready to go container. - Meal customization with selection of sides, salad and desserts.

Quantitative Findings Hypothesis P-Value Results There is no association between customers willingness to pay (price) for a lunch meal and delivery 0.046 Reject There is no association between price and healthiness of ingredients for a lunch meal 0.3 Fail to Reject There is no association between gender and type of lunch meal 0.25 There is no association between gender and preparation method Result 0.708 Regression analysis: DV: Likeliness to purchase Blue Apron Lunch IV: # of lunches per week 0.000 Every time someone purchases one more lunch per week, their likelihood of buying a Blue Apron lunch increases

Recommendation We infer there’s a potential business opportunity. Insights on product: Hot vs. Cold meal Assembled vs. Cook Price range $5 - $9 (including delivery) Preference for healthier food Cannot take a Go to market decision: Sample of 51 students might not be representative. Sample skewed to be students only. WTP might be higher after working full time.