56EEESssssituational analysis

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Nov 24, 2024

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Strategic Decision in The International Marketplace Name Course Date
Contents Executive summary ...................................................................................................................................... 3 Introduction ................................................................................................................................................. 3 Company Profile .......................................................................................................................................... 4 Strategic Focus and plan .............................................................................................................................. 5 Mission .................................................................................................................................................... 5 Vision ....................................................................................................................................................... 5 Situational analysis-strategy ........................................................................................................................ 5 External environment(PEST Analysis) ...................................................................................................... 5 Competitive Analysis ............................................................................................................................... 8 Consumer analysis ................................................................................................................................... 8 Industrial strategic analysis ...................................................................................................................... 9 Porter's Five Forces Model ........................................................................................................................ 10 SWOT ANALYSES .................................................................................................................................... 13 SMART Goals ............................................................................................................................................. 16 Marketing strategy ..................................................................................................................................... 17 Marketing Mix ........................................................................................................................................... 18 Control and implementation ..................................................................................................................... 19 Projected Profit and Loss Statement ($) .................................................................................................... 22 References ................................................................................................................................................. 24
Executive summary The purpose of this marketing plan is to conduct an analysis of the expansion of Focus Company in Ireland. Focus aims to create an extensive hospitality chain in Ireland and the global market in terms of large market share and economic growth. Some of the factors discussed includes political,economic,technology and legal environment aspects. This particular plan offers a comprehensive view on the competitive position of the firm and strategies that enables it to fit in the food and beverage industry. To attain the reports objectives,SWOT analysis, PESTEL and Porters five forces model was carried out (Kanter,Reyes & Corvalán,2017).The situational analysis’s part described the marketing strategies needed to reach the smart objectives set by the company. In addition, the report will examine control and implementation aspects and suggest a concrete profit and loss statement account in order to understand the deliverable outcomes of all the proposed goals and strategies. The marketing plan concludes by offering recommendations such as how to affirm products quality to achieve competitive advantage in Ireland Introduction This particular marketing plan showcases how the firm will expand its business operations in terms of its geographical coverage. It will outline the market strategies to attract prospective customers by establishing its prices to generate more products and enhance successful business endeavors in a competitive market domain (Vassallo et al 2018).By carrying out a detailed marketing analysis utilizing several marketing frameworks. Focus Company can gain valuable insights into its target market, competitive landscape, and overall marketing strategy. (Adeigbe et al 2015).This will enable the company to incorporate more effective marketing campaigns, improve customer satisfaction and loyalty, and ultimately achieve its business goals.
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Company Profile Focus is a food and beverage company which operates in Ireland. Various entrepreneurs drive the firm forward as a project to target children interested in food items and drinks. It works across ten stores and employs at least 50 employees in all departments. There was an initial observation that the client's choice is quite limited to other firms offering limited services, which is basically at the lower end of the scale. This prompts startups of the firm to provide premium products. Focus real strength lies in its partnerships with restaurants and other food joints to deliver the products. There exists stiff competition in the food industry (Kraak et al 2016). Hence, Focus plans to delve into various stores, using innovative aspects to counteract the existing situation. Opening more units in Ireland with client satisfaction would be imperative to maintain an advantage in the market. Products Scope-Country of Entry Country-Ireland City: Dublin Location:Leinster
Strategic Focus and plan Mission The mission of Focus company is to offer phenomenal taste at affordable prices in a suitable atmosphere environment. Vision The firm's vision is to create and inspire a healthier society by connecting individuals and kids to real-world food and beverages. This will enhance the creation of client loyalty and meet their needs and preferences. Situational analysis-strategy External environment(PEST Analysis) Political Economic Irelands policy variables typically directly impact the company's activities and profitability margins. Focus must abide by Ireland's stable political and legal models. This includes variables like accrued benefits for workers, information safety, copyrights and patent rights, reduced regulations, firm protection laws and taxation policies. If the firm has to minimize the Economic booms and slumps in Ireland and other UK states can affect the firm's bottom-line activities. Although Focus Company is expanding in various developed locales (Kraak et al 2016). Ireland is still prone to inflation, increased interest rates, foreign exchange changes and competitive variables. Other factors revolved
political hazards, diversification in states with low political instability would be essential (Bennett et al., 2020). The company evaluate the current political environment of Ireland before expanding its businesses. around government interventions impacting economic performance and improvement. According to Bragg et al. (2018), a low economy will be exposed to exchange rate changes which are hazardous to the Focus bottom line hence the need to enforce hedging frameworks. The state's economic development, education level and adequate skills are factors that Focus will put into consideration before investing in other markets. Ireland's education and skill set in the workforce is tremendously growing. Social Technological The social environment directly adopts the existing business culture and model of the marketing aspect. It involves the client's conduct and promoting institutions (Kraak et al Advanced innovation factors have evolved the way firms operate across the globe. Focus will be able to reach a wide range of customers worldwide, attracting a larger customer base and
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2016). Focus company must evaluate the following elements: client demographics, power structure, community culture, perception, attitudes, lifestyle and leisure preferences among the society domain. In this case, Ireland has middle-income earners and a rising population density. In this case, the school-going children would prefer to consume ready-to- drink soft drinks. Most people spend some disposable income on buying food and beverages for their children. Conversely, the decision-making systems in the family, culture, attitudes and health consciousness should be evaluated. Some of the parents who are decision-makers in the family ensure that children will not consume beverages since some are bringing about minimal production costs. Focus should analyze the existing technological diffusion and the speed at which it affects Ireland's food and beverage business (Boukid & Castellari,2021). It will attain this aspect by understanding the rival's current innovation growth, operation costs, and supply chain nature. The other elements are product offerings and the value chain. This will boost the efficiency of distributing the food and beverage products to all stores across Ireland
believed to have health issues. These perceptions might lead to decreased sales. Competitive Analysis : A competitive analysis is necessary to understand the competitive landscape of the food and beverage industry. Conversely, this comprises pinpointing the key competitors of Focus Company, evaluating their strengths and weaknesses, and identifying potential opportunities for growth and differentiation. Some of the competitors include Bigstore, Drinkit, Greenworld and Valueshop firms (Machado et al 2017). Evaluating the company's digital presence, including its website, social media accounts, email marketing campaigns, and online advertising efforts, can provide valuable insights into its overall marketing strategy and effectiveness (Truman & Elliott,2019). Consumer analysis Comprehending consumers is essential to developing an effective marketing strategy (Gittelsohn, Trude, & Kim,2017). This includes analyzing the motivations and needs of consumers, their decision-making processes, and their perceptions of the products and brands of Focus Food and Beverage Company. As seen, kids tend to love juices, and there is a need to invest in non- alcoholic brands. Packaging is also crucial in attracting children (Jackson & Singh,2015). Measuring the efficacy of marketing efforts is essential to evaluating the success of any
marketing strategy. This includes analyzing key performance indicators such as sales revenue, customer acquisition and retention rates, and marketing campaigns' return on investment (ROI). Industrial strategic analysis It is imperative to understand that Focus company has implemented a strong global presence in the food and drinks industry, attracting various competitors. Over the years, these rival firms have enacted strategies to deal with Focus growing influencing Ireland (Kraak et al 2016). Being one of the industry's players, Focus has accumulated extensive management expertise and a significant advantage in customer recognition. It has successfully carved out a market niche and utilizes modern marketing strategies (Nirino,Miglietta, & Salvi,2020).For example, there is utmost need for Focus to apply effective ERP system that consolidates market data, enhancing stakeholders like material suppliers, potential clients and workers to access information from a central platform. By extracting customer feedback from their website, focus marketing department can design strategies based on reliable and factual data (Wilson et al 2016).
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Value shop and drinkut are two notable competitors that have posed a problem to Focus.Typically,the food and beverage industry is expected to grow in the future due to the increasing global population, which currently stands at 7.7 billion people (Machado et al 2017). As the population continues to grow steadily even in Ireland, so will the demand for food. there, customer needs and demands will evolve alongside modern lifestyles, necessitating continuous adaptation by market players to cater to the needs of the contemporary buyer. Market share It aims at offering over 1 million to the international non-alcoholic beverage industry. This has made it have a large chunk of the market share (Nirino, Miglietta & Salvi,2020). The international beverage industry was valued at approximately US$ 1.51 trillion in 2018, and it is anticipated to increase at a CAGR rate of 3% to reach an estimated market application of US$1.9 trillion by 2024 (Wood et al 2021). Porter's Five Forces Model The threat of substitute products:
According to Kanter,Reyes,& Corvalán, (2017),there exist no close substitutes available for a product, consumers are willing to pay any price. However, in the case of Focus , there are threats from various homemade food products that are normally sold at lower prices. In addition, concerns regarding the healthiness of toddler’s beverages have led health-conscious individuals to seek alternative options (Nirino,Miglietta, & Salvi,2020). Supplier's bargaining power: As a brand, Focus holds significant command and can exert its influence over suppliers in the same industry especially in Ireland (Nguyen, 2017). This enables focus to purchase products from producers at lower prices, thereby increasing its revenue. For example, suppliers supply palm oil and has low bargaining power, enabling Focus to control the price. Buyer's bargaining power: The existing bargaining power of Focus clients customers is high because of variables like low switching costs and the availability of substitute products from brands like Valueshop (Khayat, 2015).By not responding to clients concerns and overall feedback could lead to a mass exodus, negatively impacting the firm’s profitability ratio. Barriers to entry: Entry barriers in the market include factors such as product differentiation, government restrictions, increased capital needs and large economies of scale. Focus faces drawbacks from entering new markets due to the lack of product differentiation, as their products can be found in other companies like good food Ireland making it difficult to attract new customers. Competitive rivalry: In Ireland and other locales, the food and beverage industry are highly competitive, which exposes Focus to intense rivalry (Johnson et al., 2013).To extend its operations, Focus ought to continually innovate its marketing and manufacturing strategies to
meet the demands of modern customers. The loyalty of customers to the Nestle brand is an advantage in this competitive landscape. These three models help identify Nestle's market position. Porter's Five Forces Model reveals the power dynamics in a competitive environment and external factors affecting firm’s development. In as much as it offers key insights for management, it falls short in offering specific strategies to overcome competition (Ogle et al 2017).Conversley, PESTLE model evaluates macro- environmental factors affecting the organization but does not directly assess competitive advantage. It assists management in understanding rules and policies related to the external environment. Additionally, a SWOT analysis helps identify internal strengths that contribute to the company's growth. These models collectively highlight the significance of Focus brand recognition and its competitive position. Comparing with global data
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To mitigate the bargaining power of buyers, focus must invest to provide products or services with no close substitutes.Product differentiation plays a crucial role in this regard (Nguyen, 2017). Clear and accurate labeling that reflects product quality can help attract a larger customer base. SWOT ANALYSES Conducting SWOT analyses will be vital in understanding Focus's business model. Based on such prospects, the firm will capitalize on the benefits to enhance its resilience and improve performance. Strengths Focus company provides premium food through its online and physical stores, which enhances its competitive advantage (Vassallo et al 2018). It targets the specific demography of people in society and, in this case, the kids. This improves its brand loyalty by use of satisfactory management levels. Focus possesses solid management in its collar as kind of its former investment banker and software manager. This has enabled the firm to solve challenges and will prevent future expected traditional start-up barriers (Carpenter et al., 2020). It aims at partnering with other firms and enforcing logistic services. Its increased competitive power and sophisticated partnerships reduce unfair play in the market from rivals. It also has immense pricing power and offers high-quality food and beverages. Weakness
Like many hospitality businesses, Focus struggle with employee turnover, staffing shortages, or maintaining a skilled and motivated workforce. This can impact service quality, guest satisfaction, and operational efficiency. The company’s online reputation and presence can significantly impact its success. Negative online reviews or social media mentions can harm the hotel's image and affect customer perception. Managing online reputation effectively is crucial but can be challenging (Pitts et al 2018). Additionality has an older property, it may face challenges related to maintaining and updating the infrastructure, such as outdated facilities, plumbing or electrical issues, or the need for extensive renovations (Nguyen, 2017). This could affect guest satisfaction and the hotel's overall competitiveness. Due to limited delivery partners and suburban areas and an increased number of restaurants, Focus cannot extend its operations in those locales. The firm also faces pricing barriers where clients prefer the cheapest costs. This minimizes brand loyalty. Opportunities There exists a regular change in food habits and trends. There is also optimal awareness among potential customers concerning healthy lifestyles, alternatives and takeaway choices. It has fast pace development and robust marketing strategies. It enables the firm to cater to client's needs, demands and preferences. It attracts new clients and retains the old ones.
Focus has become one enterprise to deal with food delivery to kids hence maximum growth in revenue generation. The firm will continue to expand its operations overseas since it can cater to children's needs. Focus boasts a strong and widespread brand image across different regions. This global presence has contributed to the company's continuous growth and increased revenue over the years (Pitts et al 2018). As the global food and beverage industry continues to expand, new startups introduce innovative approaches to food production, requiring Focus to remain vigilant and adapt to stay relevant in the market. There are developing markets for Fresh food, kids drinks and kitchen cupboard across the UK,US, India and Asia countries. Therefore, the company will diversify its logistics and supply chain to reach many consumers. This will be actualized by use of opt for foreign direct investment method. Franchising will be established and Focus will build joint ventures with firms like Value shop. Maximum use of brand portfolio, such as in the health sector, like introducing water and sugar- free beverages for children's consumption (Bresciani,2017). Threats There is increased competition from firms dealing with substitute goods and services. There is a potential change in client behavior and lifestyle patterns Existing currency fluctuations Unfriendly Ireland government policies in the market Minimally skilled labor in the locale
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SMART Goals SMART Goals Specific To optimize the market share in the Ireland food and beverage sector by 10% in the next fiscal year Measurable To attain 6% growth rate in revenue in the initial fiscal year to 7& increase in the next year Attainable Grow and launch mew innovative products to meet the ever-evolving client’s needs. There is also need to extend distribution channels in order to create awareness of the existence of the product to diverse target group Relevant Properly align with increasing clint demand for sustainable and healthy foods. This will leverage Focus expertise in the industry Time-bound Finalize new product development and launch within 4 months. Progress to be tracked 4 times per year to make sure that target growth rate is being realized.
Marketing strategy Focus will utilize various strategies in order to attain the smart objectives set Focus has proactively adapted its marketing strategies to cater to the target audience needs and preferences.Consequently,Focus management has enhanced the aspect of creating the firm’s own niche in the social media market and successfully implemented digital marketing strategies (Bresciani,2017).The firm has established business profiles on various social media channels and utilized influencer marketing to promote its products and services (Street,2015).With approximately 95 profiles across different platforms such as Facebook, TikTok, Instagram, and Twitter.Hence,Focus has effectively engaged with the youth and teenagers, building trust and maintaining a strong online reputation. This is all aimed at reaching the smart goals. Enacting digital campaigns like caring campaigns In the coming fiscal year, Focus needs to improve and install campaigns like Ceregrow.It will be relaunched to target urban couples with children between the ages of 2-5 years. Recognizing the significance Ireland parents place on their child's health and nutrition, Focus must efficiently showcase how mothers are concerned about their child's nourishment (Bresciani,2017). The brand indicates how such campaigns not only satisfies hunger but also provides the necessary nutrients for the child's immunity, overall development, and nourishment.
Pricing Strategy In as much as it possesses goods priced higher than retail brands and catering to diverse cultures and demographics globally, Focus has successfully positioned itself as the world's largest food production company in Ireland. It aims to continue establishing a price skimming strategy, initially entering a specific market at a higher price and gradually reducing costs as manufacturing and distribution cycles are established (Sudari et al 2019).By targeting the mass market through segmentation and differentiation, Focus benefits from an affordable pricing strategy, offering fair prices for product groups tailored to different cultures, demographics, and geographic regions. Brand Building and Equity In this modern era having competitive business environment, selling a product is not enough. Enterprise like Focus must establish themselves as brands that provide compelling reasons for customers to puck them regularly. As stated by Bresciani (2017),It has undertaken various initiatives to expand brand presence and visibility across different regions. A convenient model is through franchise stores, which help enhance brand recognition and reach. Clearly, Focus focuses on ensuring shelf availability of its products by maximizing production cycles, lessening distribution channels, and raising the level production and distribution units in Ireland. Marketing Mix Existing products New products Existing markets Use of effective supply chain management efficient advertisement Rival firms acquisition strategies Research and development
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Acquisition of rival firms Strategic price decrease programs Inclusivity and rapport with existing market control system sand leaders New markets Extending its operations to other geographical segments Intensive market research and growth Partnerships, franchising and licensing of companies that are locally operating Control and implementation This will be used to improve the company by acquiring feedback from individuals and prioritizing reducing the negative concerns raised for better future outcomes. Revenue Growth Outcome: The results include the rise in generated revenue rate by Focus KPI: Year-over-year percentage growth in revenue. Criteria: Main criteria to be used revolves around setting a target growth rate based on Ireland market environment and historical performance.
Profit Margin Outcome: There has been reports on increased profitability ratio by Focus activities from the sales volume recorded. KPI: Gross profit margin and net profit margin. Gross profit margin=total revenue-cost of goods sold*100 Total revenue Criteria: Proper comparison of different profit margins with industry benchmarks and set targets for improvement. Market Share Outcome: Extension of Focus market share in key product categories and geographic regions. KPI: Market share percentage in targeted markets and segments. Criteria: tracking and comparing the existing market share data with rivals like and evaluate the success of market penetration strategies (Telukdarie et al 2020). Customer Satisfaction Outcome: increased client loyalty, satisfaction and retain. KPI: some of the key performance indicators to address this includes; Customer satisfaction surveys, Net Promoter Score (NPS), customer retention rate. Criteria: Day to day monitoring of customer surveys to measure satisfaction levels and track customer retention rates. Set targets for NPS improvement. After acquiring client feedback, there will be a weekly review to mitigate risks and improve the marketing outcomes
(Bresciani,2017).Thus, it will be taken to overcome negative results. Conversely, the workers' performance levels will be reviewed after 2 months to establish their key performance indicators. The assessment will also be based on a reward system to motivate them Product Innovation and Development Outcome: Focus company has launched quality new products and innovations. KPI: Number of new product introductions, revenue contribution from new products. Criteria: Tracking the quantity of new products launching the local market, monitor their performance in the market, and assess their impact on revenue. The firm has already established a website whereby any client who needs to offer a review; can duly register and do so. Additionally, every client will receive feedback from the bill section after purchasing food or drinks (Street 2015). Sustainability and Environmental Impact Outcome: lowering Focus environmental footprint and conformance to sustainability objectives. KPI: less emissions of gases, energy conversion rates, water usage ratios. These are aimed at providing data to conserve the ecology Criteria: Set specific reduction targets aligned with Focus sustainability commitments and monitor progress regularly.
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Projected Profit and Loss Statement ($) PROFIT AND LOSS STATEMENT FOR FOCUS COMPANY IN IRELAND, in USD Yr 1 Yr2 Period 1 Period 2 Period 3 Period 4 Totals Sales Revenue Fresh food 250,000 300,000 242,500 351000 1143500 Frozen food 250,000 300,000 429,500 446,000 1425500 Kitchen cupboard 250,000 265,000 317,500 466000 1298500 Drinks 250,400 275,000 317,500 406,000 1248900 Total Sales Revenue [J] 1,000,400 1140000 1307000 1669000 5116400 Cost of Sales Fresh food 110,000 116,000 121,150 198,900 546050 Frozen food 120,000 145,800 150976 162,120 578896 Kitchen cupboard 90,000 65,600 78,220 90,629 324449 Drinks 5,000 1,800 23,976 25,894 56670 Entertainment 30,000 22,000 29,970 32,368 114,338 Total Cost of Sales [K] 355,000 351,200 404,292 509,911 1620403 Gross Profit [L = J-K] 645400 788800 902708 1159089 3495997 Headquarters Operating Expenses Supply Chain 14300 9,600 9,510 8,236 41646 Internet 2,000 4,200 6,110 6,333 18,643 Others 6,050 6,120 7,777 7,234 27,181 Total IT Expenses [M] 22,350 19920 23,397 21,803 87,470 Archetype 9,000 11,500 11,025 11,576 43,101 copyrights 19,000 10,000 22,050 23,153 74203 Wages and salaries 20,000 36,570 27,563 28,941 113,074 Total Research & Development Expenses [N] 48,000 58,070 60,638 63,670 230378
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Wages and salaries 20,000 30,000 35,000 27,288 112288 internet Services 10,000 5,000 8,050 6,000 29,050 Raw materials 17,000 18,000 20,000 28,700 83700 Children & adult recreation 3,000 3,600 1000 2,315 9915 Rent 15,000 20,000 21,000 20,425 76425 Phone 2,500 4,800 4,121 4,234 15655 Total General & Administrative Expenses [O] 67,500 81400 89171 68537 327033 Total Operating Expenses [P = M+N+O] 137,850 159390 173206 154010 566151 Net profit 507550 629410 729502 1005079 2929846
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References Adeigbe, R. T., Baldwin, S., Gallion, K., Grier, S., & Ramirez, A. G. (2015). Food and beverage marketing to Latinos: a systematic literature review. Health Education & Behavior, 42(5), 569- 582. Barquera, S., Hernández-Barrera, L., Rothenberg, S. J., & Cifuentes, E. (2018). The obesogenic environment around elementary schools: food and beverage marketing to children in two Mexican cities. BMC Public Health, 18, 1-9. Bennett, R., Zorbas, C., Huse, O., Peeters, A., Cameron, A. J., Sacks, G., & Backholer, K. (2020). Prevalence of healthy and unhealthy food and beverage price promotions and their potential influence on shopper purchasing behaviour: a systematic review of the literature. Obesity reviews, 21(1), e12948. Boelsen-Robinson, T., Backholer, K., & Peeters, A. (2015). Digital marketing of unhealthy foods to Australian children and adolescents. Health promotion international, 31(3), 523-533. Boukid, F., & Castellari, M. (2021). Food and beverages containing algae and derived ingredients launched in the market from 2015 to 2019: a front-of-pack labeling perspective with a special focus on Spain. Foods, 10(1), 173. Bragg, M. A., Roberto, C. A., Harris, J. L., Brownell, K. D., & Elbel, B. (2018). Marketing food and beverages to youth through sports. Journal of Adolescent Health, 62(1), 5-13. Bresciani, S. (2017). Open, networked and dynamic innovation in the food and beverage industry. British Food Journal.
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Carpentier, F. R. D., Correa, T., Reyes, M., & Taillie, L. S. (2020). Evaluating the impact of Chile’s marketing regulation of unhealthy foods and beverages: pre-school and adolescent children’s changes in exposure to food advertising on television. Public health nutrition, 23(4), 747-755. Chowdhury, M. T., Sarkar, A., Paul, S. K., & Moktadir, M. A. (2020). A case study on strategies to deal with the impacts of COVID-19 pandemic in the food and beverage industry. Operations Management Research, 1-13. Fleming-Milici, F., & Harris, J. L. (2020). Adolescents’ engagement with unhealthy food and beverage brands on social media. Appetite, 146, 104501. Gittelsohn, J., Trude, A. C. B., & Kim, H. (2017). Peer reviewed: pricing strategies to encourage availability, purchase, and consumption of healthy foods and beverages: a systematic review. Preventing chronic disease, 14. Jackson, L. A., & Singh, D. (2015). Environmental rankings and financial performance: An analysis of firms in the US food and beverage supply chain. Tourism Management Perspectives, 14, 25-33. Kanter, R., Reyes, M., & Corvalán, C. (2017). Photographic methods for measuring packaged food and beverage products in supermarkets. Current developments in nutrition, 1(10), e001016. Kraak, V. I., Vandevijvere, S., Sacks, G., Brinsden, H., Hawkes, C., Barquera, S., ... & Swinburn, B. A. (2016). Progress achieved in restricting the marketing of high-fat, sugary and salty food and beverage products to children. Bulletin of the World Health Organization, 94(7), 540.
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Machado, P. P., Claro, R. M., Canella, D. S., Sarti, F. M., & Levy, R. B. (2017). Price and convenience: The influence of supermarkets on consumption of ultra-processed foods and beverages in Brazil. Appetite, 116, 381-388. Nirino, N., Miglietta, N., & Salvi, A. (2020). The impact of corporate social responsibility on firms’ financial performance, evidence from the food and beverage industry. British Food Journal, 122(1), 1-13. Ogle, A. D., Graham, D. J., Lucas-Thompson, R. G., & Roberto, C. A. (2017). Influence of cartoon media characters on children's attention to and preference for food and beverage products. Journal of the Academy of Nutrition and Dietetics, 117(2), 265-270. Pitts, S. B. J., Ng, S. W., Blitstein, J. L., Gustafson, A., & Niculescu, M. (2018). Online grocery shopping: promise and pitfalls for healthier food and beverage purchases. Public health nutrition, 21(18), 3360-3376. Scott, C., Hawkins, B., & Knai, C. (2017). Food and beverage product reformulation as a corporate political strategy. Social Science & Medicine, 172, 37-45. Scrinis, G. (2016). Reformulation, fortification and functionalization: Big Food corporations’ nutritional engineering and marketing strategies. The Journal of Peasant Studies, 43(1), 17-37. Street, A. (2015). Food as pharma: Marketing nutraceuticals to India’s rural poor. Critical Public Health, 25(3), 361-372. Sudari, S., Tarofder, A., Khatibi, A., & Tham, J. (2019). Measuring the critical effect of marketing mix on customer loyalty through customer satisfaction in food and beverage products. Management Science Letters, 9(9), 1385-1396.
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Telukdarie, A., Munsamy, M., & Mohlala, P. (2020). Analysis of the Impact of COVID-19 on the Food and Beverages Manufacturing Sector. Sustainability, 12(22), 9331. Triguero, A., Fernández, S., & Sáez-Martinez, F. J. (2018). Inbound open innovative strategies and eco-innovation in the Spanish food and beverage industry. Sustainable Production and consumption, 15, 49-64. Truman, E., & Elliott, C. (2019). Identifying food marketing to teenagers: a scoping review. International Journal of Behavioral Nutrition and Physical Activity, 16(1), 1-10. Vassallo, A. J., Kelly, B., Zhang, L., Wang, Z., Young, S., & Freeman, B. (2018). Junk food marketing on Instagram: content analysis. JMIR public health and surveillance, 4(2), e9594. Wilson, A. L., Buckley, E., Buckley, J. D., & Bogomolova, S. (2016). Nudging healthier food and beverage choices through salience and priming. Evidence from a systematic review. Food Quality and Preference, 51, 47-64. Wood, B., Williams, O., Nagarajan, V., & Sacks, G. (2021). Market strategies used by processed food manufacturers to increase and consolidate their power: a systematic review and document analysis. Globalization and health, 17(1), 1-23.
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