1 Project: Product Development-Haggis By the end of year 2005, the new products will be offer: Existing Products Traditional Haggis Americanized Haggis.

Slides:



Advertisements
Similar presentations
Financial Services for the Poor Presentation by Karin Dahlström Division for Market Development, Sida May 12, 2004.
Advertisements

SCHOOL BREAKFAST!. SCHOOL BREAKFAST Children who eat school breakfast --- Eat more fruits Drink more milk Eat a wider variety of foods Children who participate.
Strategy: Now Next Later Specialising in Nutritional Recipe & Menu Management, Healthier Food & Specialist Diet and New Product Development.
U.S. Department of Health and Human Services National Institutes of Health A national education program working with parents and caregivers to address.
Determinants of Demand
Developments in Consumer/Customer Needs Related to Whey Based Products Richard Field, Orrani Consulting 1.
The Red Meat Market Today What is driving or hindering the red meat market? May 8, 2014.
Mushroom Blendability. Chopped mushrooms blend seamlessly with ground meat Healthier versions of iconic American foods Better flavor Better sustainability.
IT’S ON EVERYBODY’S LIPS!. VENDED MILK IS A HIT WITH KIDS… KIDS LOVE MILK. SO IT’S NO SURPRISE THAT A RECENT STUDY SHOWS THAT VENDED MILK IS A BIG HIT.
Click to edit Master text styles – Second level Third level – Fourth level » Fifth level Click to edit Master title style Confidential © SweetWorks, Inc.
1 Free From Food Brussels “Not Only Gluten Free”
The Marketing Decade The Marketing Decade is the beginning of the Marketing Decade and our mission to open new frontiers (markets)
Markets and Consumer Trends Evaluating Consumer Trends Cinda Williams, UI Extension 2005 Sustainable Small Acreage Farming & Ranching.
Objectives Course Organization Tasks of Marketing Major Concepts & Tools of Marketing Marketplace Orientations Marketing’s Responses to New Challenges.
Tomorrow’s Insights Suzanne Durie. Tomorrow’s Insights The Power of Trends The NPD Radar Looking for Patterns Focussing the Signals Lift Off!
Norwegian Ministry of Fisheries and Coastal Affairs Objectives in the Norwegian Seafood industry Norwegian Minister of Fisheries and Coastal Affaires Mr.
BETTER LIFE SOLUTIONS is an unmatched unique business opportunity for every individual. Its opportunity has been created for the uncommon people to.
© Food – a fact of life 2009 The Consumer Market Extension/Foundation DRAFT ONLY.
Kellogg’s Founded by Will Keith Kellogg in Battle Creek, Michigan, in 1906 Has manufacturing plants in 18 countries Sells in more than 180 countries Offers.
Marketing Strategy Jeremy Kees, Ph.D..
FOOD CONSUMPTION AND EXPENDITURE PATTERNS
Strengths. Weaknesses. Opportunities. Threats.
The Sudbury and Manitoulin Districts Food Security Network.
Fibrine Luis Humberto Saldaña Lozano. Product: high fiber food Family: Food/high fiber/ cookies Attributes : high fiber, healthy Target: people over 55.
Sofitel Sustainable Food Guideline TDA National Conference 2013.
© Food – a fact of life 2009 Product Development Foundation DRAFT ONLY.
Bill Knudson, Marketing Economist MSU Product Center for Agriculture and Natural Resources Overview of Demand for Alternative Pork Products.
Lessons Learned Scaling Up Housing Microfinance Richard Shumann Technical Officer, Housing Finance CHF International SEEP Annual Meeting 2006.
Page 0 Confidential – for Internal Use Only Financial Acumen Ability to understand and apply internal and external business drivers and metrics to produce.
Chiquita To Go Taking Bananas to Fresh New Places 2009.
IE 312 Project Fall 2012 IE  This is a group project. You can form your own group of 2-3 people in each group. If you have problems finding partners.
CHAPTER 9 Managing the Product M A R K E T I N G Real People, Real Choices.
Food Science Food Choices © PDST Home Economics..
Dietary Guidelines for Americans, 2015 & The Nutrition Food Label What’s New? Lacey Chapa Wednesday, June 25, 2014.
Proposed Joint Program Advisory Committee Structure Craig Uden, Chair Federation of State Beef Councils Hank Maxey, Chair CBB Special Committee on Committee.
Presented by: Anh Nguyen, Hien Phan, Renee Leaman.
MGRECON401 Economics of International Business and Multinationals LECTURE 5 Formulating a Global Strategy.
The World of Marketing Standard 1 Objective 1. Marketing Marketing is the activity, set of institutions, and processes for creating, communicating, delivering,
Marketing I Curriculum Guide. The World of Marketing Standard 1.
VERTU phone Nokia – aiming at a particular segment of the market, phones range from £2,000 to £150,000. very high profit margin Hand built phones, adding.
Challenges for the British Food Industry Henry Matthews. Writtle College. England.
Business Technology Mr. Bernstein DECA, pp 16-20: Determine What To Buy (…or What To Offer!) September 19, 2013.
Types of product development. Line extensions As consumers demands grow for a certain product, the manufacturing companies need to expand their sales.
Introduction to Entrepreneurship Develop the Marketing Plan.
WEIGHT GAIN OR LOSS. MYTH OR FACT? An eating plan which offers weight reduction of over eight pounds in the first week is a good plan. This gives your.
Ensuring A Future Market For Shellfish A.Introduction Source To Plate Product To Consumer Via Branding B.Ensuring The Future Market C.The Loch Fyne Brand.
Elements of a Marketing Plan situational analysis including SWOT and product life cycle establishing market objectives identifying target market developing.
Innovation and New Product Development Team 3 Consuelo Haller Murat Onel Afrah Al-Madani M. Ratnadurai Jim Carswell June 2007 Prof. M Baker.
Grow Local with Organic Haywood Organic Growers Association.
Develop a Marketing Plan.  Your marketing plan gives you a guide on which to base decisions and ensures that everyone is working together to achieve.
Sources for Credible Nutrition and Fitness Information 502 D Sources for Credible Nutrition and Fitness Information.
EU foreign Trade by products (fruit, vegetables and berries) – analysis of export and import flows.
Marketing I Curriculum Guide. The World of Marketing Standard 1.
Marketing is the process of planning and executing the pricing, promotion and distribution of ideas, goods, and services to create exchanges between buyers.
The Times 100 Business Case Studies Edition 15 New products from market research Kellogg’s.
Tasting Arizona: Connecting a sense of place (and fun) to your taste buds Patty West
Phone No.: +1 (214) id:
Strategic Trends.
DRAFT ONLY The Consumer Market.
If You Fail to Plan, You Plan to Fail
Sources for Credible Nutrition and Fitness Information
PROS & CONS: USING UNCONVENTIONAL RAW MATERIALS IN THE ROMANIAN MEAT PRODUCTS INDUSTRY   Roxana Procopie1, Magdalena Bobe2 and Smaranda Giușcă3 1) 2) 3)The.
Chapter 1 Marketing in the Twenty-first Century Marketing Management
Sherri Parson & Trisha Ballester | Advocare
Chapter 1 Marketing in the Twenty-first Century Marketing Management
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Mesifurane Market trends research and projections for :
Nutrition. Good Food Health.
Peanut Butter Market PPT : Global Trends, Scope, Demand, Opportunity and Forecast by 2024
What Are The Data Analytics Solutions By The Market Research Agencies?
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Plant Protein Ingredients Market is estimated to surpass USD 8 billion.
Presentation transcript:

1 Project: Product Development-Haggis By the end of year 2005, the new products will be offer: Existing Products Traditional Haggis Americanized Haggis Vegetarian Haggis New Assortments Taiwanese Haggis Mexican Haggis

2 Why Is Product Development Important to McBain? Consumer’s wish Changing eating trends Preference for “value-added” product –Greater nutrition –Variety of taste Driver:

3 Challenges Huge unmet demand for wider range of flavor Opportunities Increase consumer outreach Ensure sustainability Why Is Product Development Important to McBain?

4 Research Shows Clients Demand Wider range of variety Traditional Haggis Americanized Haggis Vegetarian Haggis Taiwanese Haggis Mexican Haggis

5 Marketing Strategy Health Concerns: McBain wants to promote Haggis as the balance source of nutrition Low saturated fat

6 Limitations Budget

7 a. Volume requirements/ expectations b. Profit requirements/ expectations c. Consumer trends and needs d. Technical innovations e. Preliminary economic analysis Determine food product target(s) based on:

8 Test Market McBain USA Mid West Plant  Less expensive setup

9 Production Process Meat MixingBlending Packaging Additives