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Successful innovation strategies   in BRIC markets Peter Wennstrom President & Expert Consultant Healthy Marketing Team 9th Annual World Food and  Technology and Innovation Forum 2011 All content including Wennstrom’s Four Factors® and the FourFactors® Brand Analysis system (The three- stakeholder curve) ©2010 Healthy Marketing Team Reproduction ONLY by written consent from SimonG@HealthyMarketingTeam.com
Who we are: Global specialists in health and wellness marketing .  In 2010 alone supporting our clients on the ground in 25 countries. Helping them to understand: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What we do? ,[object Object],Education and Training “ How to be a winner in the H&W market!” EDUCATION INSPIRATION CONSULTING Consulting for clients “ Brand Positioning in health and wellness.” Events, conferences, seminars, master classes “ From consumer trends to brand success!”
Brand Positioning in health and wellness: Brand New How to  create and launch the right new idea Brand Direction How to choose “Where to Play” in the Market Brand Rescue How to deal with a failing brand ,[object Object],[object Object],[object Object]
The Emerging Markets B I R C
A Marketer cannot afford to ignore it!  ,[object Object],[object Object],[object Object],[object Object]
The Emerging Consumers B I R C
An emerging market?!  ,[object Object],[object Object]
Phsicology of Market Stages 1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
Market stages/psychology ,[object Object],[object Object],[object Object],[object Object],1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
The “ ER ” Factor ,[object Object],[object Object],[object Object]
The “ ER ” Factor ,[object Object],[object Object]
Spotting the right angle Coca-Cola and Vitamins…Europe vs. Brazil ,[object Object],2010: Coca-Cola launches Coca Light Plus in Brazil during Sao Paulo Fashion Week and explodes sales
[object Object]
One  general rule B I R C
One  general rule Be prepared to  break  all rules!
What is right for our Category? Minute Maid Pulpy - China ,[object Object],[object Object],[object Object]
Learning: Consumers don’t know your category ,[object Object],[object Object]
What is right for our brand and our category?  McDonald’s India ,[object Object],[object Object],[object Object],[object Object]
Learning: Adapting to local culture ,[object Object],[object Object]
Health?: BREAK THE BRIC! B I R C
BREAK THE BRIC! ,[object Object],[object Object],[object Object]
Innovation in BRIC in Health and Wellness A Strategic Framework B I C
Two  routes to market B I R C
Development Model for Health & Wellness Market in Foods  MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Development of Healthy Foods Market in BRIC  The Classical Way MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Development of Healthy Foods mraket in BRIC  Breaking the Rule!
The Health foods market develop in  two  ways in BRIC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Three  roles for the brand B I R C
Technology Stakeholders The BRIC Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Lifestyle Stakeholders The BRIC Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
Anlene for bone health
Mass Market Stakeholders The BRIC Perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MEDICAL EARLY ADOPTERS  EARLY MAJORITY LATE MAJORITY LAGGARDS
The pride of the nation! ,[object Object]
Brands can take 3 Roles in H&W ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Role of Brands in BRIC  ,[object Object],[object Object],[object Object],[object Object]
CHINA INDIA BRAZIL
Five  innovation strategies B I R C
Five Key Innovation Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
New Category Creation - BRIC ,[object Object],[object Object],[object Object],Create A New Category By Innovating In Distribution Channel Comvita is a brand of manuka honey which is said to have anti-microbial properties.  New Zealand based company Comvita targeted Hong Kong and then mainland China through its own-branded stores and created a new super-premium segment of health supplements.  Comvita honey is today one of the fastest growing natural wellness supplements in China and its own branded stores reinforce it’s imagery of “specialness” and also help maintain the premium margins.
Whole Category Substitution-BRIC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Functional Foods Makeover - BRIC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The rule for Market Innovation in BRIC countries: Be prepared to break all rules: Be prepared to reshape brand offers to fit into BRIC consumers’ expectations from the category. Be prepared to innovate and create brand value by leveraging and fitting into local habits and cultural codes. Be prepared to innovate your brand to keep step with the changing aspirations of the growing urban middle class  Be prepared to enter the market in a classic Western way starting in premium  or  the other way around. Be prepared to rethink your innovation strategies.
Thank you ,[object Object],[object Object]

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World Food Technology and Innovation Forum Peter Wennstrom 2

  • 1. B I R C
  • 2. Successful innovation strategies in BRIC markets Peter Wennstrom President & Expert Consultant Healthy Marketing Team 9th Annual World Food and Technology and Innovation Forum 2011 All content including Wennstrom’s Four Factors® and the FourFactors® Brand Analysis system (The three- stakeholder curve) ©2010 Healthy Marketing Team Reproduction ONLY by written consent from SimonG@HealthyMarketingTeam.com
  • 3.
  • 4.
  • 5.
  • 7.
  • 9.
  • 10. Phsicology of Market Stages 1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. One general rule B I R C
  • 17. One general rule Be prepared to break all rules!
  • 18.
  • 19.
  • 20.
  • 21.
  • 22. Health?: BREAK THE BRIC! B I R C
  • 23.
  • 24. Innovation in BRIC in Health and Wellness A Strategic Framework B I C
  • 25. Two routes to market B I R C
  • 26. Development Model for Health & Wellness Market in Foods MEDICAL EARLY ADOPTERS EARLY MAJORITY LATE MAJORITY LAGGARDS
  • 27. Development of Healthy Foods Market in BRIC The Classical Way MEDICAL EARLY ADOPTERS EARLY MAJORITY LATE MAJORITY LAGGARDS
  • 28. Development of Healthy Foods mraket in BRIC Breaking the Rule!
  • 29.
  • 30. Three roles for the brand B I R C
  • 31.
  • 32.
  • 33. Anlene for bone health
  • 34.
  • 35.
  • 36.
  • 37.
  • 39. Five innovation strategies B I R C
  • 40.
  • 41.
  • 42.
  • 43.
  • 44. The rule for Market Innovation in BRIC countries: Be prepared to break all rules: Be prepared to reshape brand offers to fit into BRIC consumers’ expectations from the category. Be prepared to innovate and create brand value by leveraging and fitting into local habits and cultural codes. Be prepared to innovate your brand to keep step with the changing aspirations of the growing urban middle class Be prepared to enter the market in a classic Western way starting in premium or the other way around. Be prepared to rethink your innovation strategies.
  • 45.