SECOND PROJECT SUBMISSION

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School

Alexander College *

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Course

MISC

Subject

Business

Date

Nov 24, 2024

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docx

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3

Uploaded by LieutenantCrownLeopard27

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JASHANPREET KAUR 2129722 MRKT 201: MARKETING MANAGEMENT SECOND PROJECT SUBMISSION
Part A: Segmentation for Tim Hortons Segment 1: Coffee Enthusiasts Demographics: Age 18-50, diverse income levels, urban and suburban. Psychographics: Passionate about coffee culture, frequent visitors to cafes. Behavioral: Regular coffee consumers, likely to try different coffee blends and seasonal offerings. Tim Hortons has a significant chance to capture the dedication of coffee enthusiasts who value the artistry and variety of coffee. Offering limited version mixes, coffee-tasting events, and a reliability program for visit purchasers might increase the offer to this segment. Furthermore, Tim Hortons may collaborate with coffee influencers and professionals to build a community around coffee engagement. Segment 2: Health-Conscious Consumers Demographics: Age 18-35, diverse income, urban and suburban. Psychographics: Fitness enthusiasts, health-conscious, value nutritional information. Behavioral: Preference for healthier food and beverage options, interest in low-calorie and high-protein offerings. With the rising trend of health-consciousness, Tim Hortons may appeal to this segment by expanding its menu to include more nutritional options. Offering plant-based and low-calorie menu items, prominently displaying dietary data, and encouraging the use of high-quality fixings may all attract health-conscious clients. Collaborations with wellness influencers and wellness campaigns can help Tim Hortons establish itself as a brand devoted to making healthier choices. Segment 3: Families on the Go Demographics: Age 25-45, families with children, diverse income levels, suburban. Psychographics: Busy parents, family-oriented, seeking convenience. Behavioral: Regularly visit quick-service restaurants for family meals, value kid-friendly menu items. Tim Hortons can focus on providing quick and healthy supper options by understanding the needs of active families. This section might be requested by advertising family supper discounts, helpful drive-thru administrations, and generating a family-friendly vibe in its foundations. Tim Hortons may also explore offering customisable children's meals and arranging family-friendly events or initiatives. Part B: Targeting the Coffee Enthusiasts Segment Tim Hortons should purposefully target the Coffee Enthusiasts segment among the three recognized segments. This collection appeals to a young and committed clientele who appreciates the unique characteristics of coffee. Tim Hortons may exploit their current coffee renown to elevate it to a more premium and experience level by focusing on this segment. Coffee Enthusiasts are inclined to appreciate and examine various combinations of coffee, regular offers, and innovative brewing techniques. Tim Hortons can capitalize on this by offering limited edition coffee blends, hosting coffee tasting events, and partnering with famous coffee professionals to provide a more elevated coffee experience. Furthermore, concentrating on Coffee Enthusiasts aligns nicely with the current global trend of coffee appreciation and the evolution of coffee culture. This area is active on social media stages, allowing Tim Hortons to build a dynamic online community around its coffee products. Tim Hortons may establish itself as a go-to target for coffee authority through critical marketing efforts, locks in content, and relationships with
coffee influencers, so sustaining brand devotion and attracting prospective customers who share a passion for high-quality coffee experiences. Part C: Positioning Statement for Tim Hortons Targeting Coffee Enthusiasts: Tim Hortons rises as the embodiment of a sophisticated and avant-garde engagement, specifically tailored for the observant Coffee Enthusiast, inside the realm of coffee artistry. Our dedication to the art of coffee goes above and beyond the standard, with a carefully chosen group of limited-edition blends meticulously crafted by industry-renowned professionals. Each glass tells a tale, inviting aficionados to go on a sensory journey where tradition and innovation coexist. At Tim Hortons, we understand that coffee is more than just a beverage; it's a social wonder and a personal tradition. We take pleasure in demonstrating an immersed engagement that goes beyond the typical coffee shop visit. We develop a vibrant community of like-minded people who enjoy the intricacies and subtleties of rare coffee through select sampling events, interesting material, and organizations with influencers that share our enthusiasm. Our positioning goes beyond simply providing a cup of coffee; it represents a way of life—an appreciation for the best aspects of coffee culture. Tim Hortons becomes a haven where Coffee Enthusiasts may indulge in the pursuit of perfection, discovering untapped measures of flavour, and grasping the fullness of our handpicked selections. With each sip, we invite our customers to savour rather than just taste, making Tim Hortons the clear choice for anyone seeking a more sophisticated coffee participation.
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