Business Plan: UK Dairy Company Entering into Chinese Market
Table of Contents
Business Plan: UK Dairy Company Entering into Chinese Market4
Introduction4
Objectives6
Mission6
Company Summary7
Company Ownership7
Start-up Summary7
Management Summary10
Personnel Plan11
Background of the Chinese market11
Internal analysis13
Good Morning Dairy13
Good Morning Dairy dairy products14
Research and development15
The external analysis16
The market structure16
Market Segmentation18
Target Market Segment Strategy20
Industry Analysis20
Competition and Buying Patterns21
Competition21
Place25
Product25
Promotion26
Price27
Marketing strategy28
Steps for market penetration29
Tactics30
Product30
Price31
Place32
Promotion33
Strategy and Implementation Summary34
Sales Strategy34
Sales Forecast34
Competitive Edge36
Milestones36
Products to be Introduced37
Drinking yoghurt37
Fruit yoghurt - adult38
Fruit yoghurt - children38
Proposed future developments38
Fruit yoghurt for adults40
Fruit yoghurt for children40
Drinking yoghurt40
Financial Plan41
Important Assumptions42
Break-even Analysis42
Projected Profit and Loss44
Projected Cash Flow46
Projected Balance Sheet48
Business Ratios50
Business Plan: UK Dairy Company Entering into Chinese Market
Introduction
This paper investigates the possibility of Good Morning Dairy company entering the Chinese market. The business plan gives an insight and analyses the company's internal capabilities as well as its external industrial forces that may influence and direct strategies and tactics. Finally, it presents a suggested possible strategic and tactical marketing approach that could alternatively be used by Good Morning Dairy in optimising performance when targeting the Chinese market.
Good Morning Dairy is a new organic bakery specializing in gluten, wheat and dairy free products. Within the last three years there have been significant increases in demand for these bakery products. This can be explained to a large degree by the fact that up until recently Americans have had food allergies that have been undiagnosed. It has been only in the last few years that medical doctors have begun to diagnosis food allergies correctly. What was once an unknown problem that affected so many people with no recourse has become a manageable ailment that is easily dealt with through modification of diets? This is very positive for both those people that are affected as well as bakeries such as Morningstar that specialize in these products.
The Products
Morningstar offers a wide range of exciting products. The first group is spelt breads, muffins, and pastries. Spelt is used as there are far fewer people that are allergic to this grain. Yeast allergies are also common and Morningstar offers a menu of yeast free breads. Dairy free muffins and pastries are offered for vegans. Lastly, egg free breads, muffins, and pastries are offered.
Customers
Morningstar will focus on three distinct customer segments. The first group is the Allergy group. This segment is growing at 15% a year with 32,000 potential customers. The second niche is the Doctor group. This segment is also growing at 15% with 14,200 potential people. The last group is the Dieters group. This segment is typically making modifications to their diet based on their desire to lose weight. This niche also is growing at 15% with 48,000 possible customers.
Management Team
Recognizing the importance of human capital, Morningstar has assembled a strong management team. The team is led by Donna Sharp. Donna comes to Morningstar with 10 years of baking experience. In addition to her industry specific experience, Donna has had 2 years of management experience. Donovan Bailey brings financial skills to Morningstar after a 15 year CPA career. Tara Juniper-Reid will lead the marketing efforts having participated in her ...