Strategy and Implementation.: Competitive Edge Competitive Strengths
Strategy and Implementation.: Competitive Edge Competitive Strengths
Strategy and Implementation.: Competitive Edge Competitive Strengths
We will combine heavy print advertising with special events and targeted promotions to introduce City
of Naga residents and tourists to our Milk Tea. Repeat sales depend on consistently high quality
products and service. Our milk tea offered at a price premium that discourages customers seeking
cheap, low-quality goods. This not only enhances the feeling of prestige customers get when patronizing
our tea, but also ensures that customers will have similar expectations of service and quality, based on
their socio-economic class.
Competitive Edge
Competitive Strengths
Our staff are well trained server. We are the only full-scale milk tea house within the city.
We have arranged competitive distribution contracts with high-end tea growers internationally.
We are the only retailer offering such a wide array of tea. Our interior design will give an
intimate, cozy, comfortable, and chic feeling, without reminding customers of doilies and lace.
We are committed to providing only high-quality products and services.
Competitive Weaknesses
Our primary weakness is that we are a new business competing against established chains, for
customers who may not know how great our products are. To significantly build sales, we must
not just find new customers, we must take customers away from existing stores and from their
coffee-drinking habits. We can accomplish this only by offering a superior selection of teas
focusing on high-quality service and full service delivery.
Marketing Strategy
Our marketing strategy needs to accomplish two things: first, to make potential customers
aware of Milk Tea business opening and location; second, to educate potential customers as to
what a Milk Tea is, and why it is so wonderful. Clearly, with committed Milk tea drinkers, the
first will suffice. However, for the rest of our target market, we must strategically define
ourselves as the answer to the many different things each group is seeking. Our highly visible
location in the heart of the city or on the baywalk.
The marketing budget will not exceed 3% of our gross annual sales.
Walk-ins: In mild weather, our best chances are to increase the visibility of our store to
encourage visits from tourists strolling through the city. The storefront design in our highly
visible location will include our name and logo, and we will place standing signs pointing
towards our store at both nearby intersections. Our menu, prices, and hours will be posted in
the windows at all times.
Sales Strategy
Because Milk Tea is a new entity, we understand that we will have to prove our company’s worth to
upscale tea buyers in order to earn their respect and business. Our Sales Forecast depends on
establishing a loyal customer base who visits our teahouse at least once every month, we expect a few
committed milk tea drinking regulars who will come in more than once a week. In order to achieve this
kind of repeat business, every customer, whether on the first visit or their hundredth, will be treated
graciously and with respect.
Part of our mission is to educate our customers about milk tea and tea brewing, however, this must only
be done in a respectful fashion. Our knowledge is a resource, and must never be used to make a
customer feel uncomfortable or ignorant.
Tea Profiles
- In addition to our extensive menu, our company have developed a “Tea Profile” card for new
tea drinkers, or customers looking to broaden their tea experience. These cards include
questions about taste preferences which will help our server guide the customer to a tea they
will enjoy. Our teas vary widely in taste, aroma, smokiness, fruit, and pungency, and very few
people will enjoy them all equally. A customer who finds his or her personal tastes met is much
more likely to be a repeat customer than one who simply orders a popular tea.
Special Events
- In addition to our monthly milk tea tasting parties, our milk tea will offer customers the option
of reserving the entire teahouse for a party or special event. We anticipate business for bridal
and baby showers, as well as a few children’s birthday parties.