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Main strategies to develop a
  brand for a chocolate factory
    in Brussels Belgium 2012




              Susana Paredes

ICHEC Brussels Management School, September 2012
The objectives
1. Identify and prioritize strategies to develop a
   strong brand for the company
2. Define customer’s profile: origin, occupation and
   reason to visit Brussels
3. Recognize customer’s motivations to visit the
   shop
4. Learned about the media preference among
   customers
5. Identify customer’s perception of the shop and
   service
How to achieve the objectives?
           Identification of customer’s      Market
        profile & perception of the brand   research




          Investigation of competitive      Strategic
        environment and company offer       analysis




          Determination of distinctive
                competences




               Develop strategies
Consumer Market Research Results
• Tourists coming from France, Spain, USA,
  Germany, the UK and the Netherlands.
• Found Chocopolis by chance, while they were
  wandering around the city looking for Belgian
  chocolates
• Main source of information is internet
• What they liked most of Chocopolis: chocolate
  and service
SWOT Matrix Chocopolis
                                  INTERNAL FACTORS                                    STRENGHTS                                                WEAKNESSES
                                                                  1. Central location of shop, dow ntow n Brussels next 1. Small new company w ith 6 years in the market
                                                                  to main touristic attactions
                                                                  2. Factory and shop located at same facility, no
                                                                  transportation or freezing involved                   2. Limited distribution points: 2 boutiques in Brussels
                                                                  3. Tradition of handmade production                     3. No branding strategy
                                                                  4. Online sales available                               4. Actions oriented to sales rather to marketing
                                                                  5. Quality product made of 100% cocoa butter            5. High debt level due to recent investment
                                                                  6. Friendly and costumer oriented sales staff           6. Company has no w ebsite
EXTERNAL FACTORS                                                                                                          7. Building frontage is not attractive
                    OPPORTUNITIES                                 SO                                                      WO
1. Consumer more conscious w ith personal finance affects         1. Special live demonstrations for tourists             1. Develop company website ( 03, W6)
brand loyalty                                                     contacted by tour operators in their home               2. Use online marketing to build up brand
2. Seven million tourists visit Belgium every year                country (S1,S6,O2)                                      awareness (O3, W3,W4)
3. Internet leading source of information for tourists            2. Target emerging eastern european                     3. Renew building's frontage and exterior
4. Sustainability important driver in consumer purchasing         countries using new distribution channels               displays (O2,W8)
decisions                                                         (S5, O5)                                                4. Find commercial partners to enter eastern
5. Emerging countries attractiveness due to increasing            3. Build brand identity based on distinctive            european markets (O5,W2)
middle class disposable income and low chocolate                  competence (S3, O1)
consumption rate per capita                                       4.Offer customer to order online chocolate
6. Customization     has    become     a   leading   trend   in   bars tailored to their own taste (S3, S4, O6)
manufacturing


                           THREATS                                ST                                                      WT
1. Cocoa products w ith up to 5% of vegetal fats are              1. Promote online sales in Asia and Eastern             1. Use alternative promotional channels to
considered chocolate leveling the quality of the product          European countries (S4, T6, T2)                         engage consumers (W2,T6)
2. Potential saturation of chocolate market in Western            2. Create a communication program to teach              2. Target niches not attended by the
Europe and the US                                                 costumers about the meaning of 100%                     competitors with customized products (W3,
3. Four companies dominate the industrial chocolate supply        cocoa products (S3,S5, T1)                              W4,T2)
in Belgium
                                                                                                                          3. Open a shop in Bruges (W2, T6)
4. Leading companies in the sector are multinationals w ith
several years in the market

5. Competitors have developed strong brands
6. Competitors have multiple distribution channels
Chocopolis Distinctive Competences
• Preserves Belgian tradition of
  handmade chocolates
• High quality product
• Personalized service
• Taste matches for the
  discerning       international
  palate
Brand Identity Proposal

          Brand Image                  Brand Identity                Brand Position
  Great      flavor,   beautiful Not          the       biggest Belgian         handmade
  shop       and       excellent worldwide          chocolatier, chocolate,   synonym   of
  service.                      but     the     true    Belgian craft and quality, for the
                                flavor.                         discerning    international
                                                                palate.
Target Market
Primary
                                      Tourists

                                      Consumers

Secondary
• Tourists from Latin America an Eastern Europe
• Retail investors
• Companies
• Special occasion consumers
Strategies
1. Organized in two groups:
   short term priory 3 years,
   long term 5 years
2. Oriented     to     target
   emerging markets, use
   alternative promotional
   channels and develop
   closer relationship with
   customers.
3. Tend to match internal
   resources to external
   factors
Conclusions
       1.   Branding has become key issue to determine Chocopolis
            future.
       2.   Customers’ profile: internet savvy tourists, from France,
            Spain, USA, Germany, the Netherlands and UK, whose
            most appreciated characteristics in a chocolate are taste,
            price and service.
       3.   Chocopolis customers’ arrived to the boutique by chance
            thus the need to work actions to call their attention.
       4.   Brand image, brand identity and brand positioning
            harmony.
       5.   Distinctive competence of Chocopolis will lead branding
            strategies.
       6.   Manage strengths to target emerging markets, use
            alternative promotional channels and engage consumers
            at a personal level.
       7.   Match internal resources and skills to external factors,
            converting weaknesses and threats into opportunities to
            determine permanency in the market.
Recommendations
1. Innovation
2. Brand proposal economic evaluation
3. Strategies could be used as framework
4. Corporate analysis to develop long term
   strategic plan
5. Keep regular market consumer market research
6. Detailed reports for Chocopolis management to
   engage
THANK YOU

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Chocolate factory brand proposal

  • 1. Main strategies to develop a brand for a chocolate factory in Brussels Belgium 2012 Susana Paredes ICHEC Brussels Management School, September 2012
  • 2. The objectives 1. Identify and prioritize strategies to develop a strong brand for the company 2. Define customer’s profile: origin, occupation and reason to visit Brussels 3. Recognize customer’s motivations to visit the shop 4. Learned about the media preference among customers 5. Identify customer’s perception of the shop and service
  • 3. How to achieve the objectives? Identification of customer’s Market profile & perception of the brand research Investigation of competitive Strategic environment and company offer analysis Determination of distinctive competences Develop strategies
  • 4. Consumer Market Research Results • Tourists coming from France, Spain, USA, Germany, the UK and the Netherlands. • Found Chocopolis by chance, while they were wandering around the city looking for Belgian chocolates • Main source of information is internet • What they liked most of Chocopolis: chocolate and service
  • 5. SWOT Matrix Chocopolis INTERNAL FACTORS STRENGHTS WEAKNESSES 1. Central location of shop, dow ntow n Brussels next 1. Small new company w ith 6 years in the market to main touristic attactions 2. Factory and shop located at same facility, no transportation or freezing involved 2. Limited distribution points: 2 boutiques in Brussels 3. Tradition of handmade production 3. No branding strategy 4. Online sales available 4. Actions oriented to sales rather to marketing 5. Quality product made of 100% cocoa butter 5. High debt level due to recent investment 6. Friendly and costumer oriented sales staff 6. Company has no w ebsite EXTERNAL FACTORS 7. Building frontage is not attractive OPPORTUNITIES SO WO 1. Consumer more conscious w ith personal finance affects 1. Special live demonstrations for tourists 1. Develop company website ( 03, W6) brand loyalty contacted by tour operators in their home 2. Use online marketing to build up brand 2. Seven million tourists visit Belgium every year country (S1,S6,O2) awareness (O3, W3,W4) 3. Internet leading source of information for tourists 2. Target emerging eastern european 3. Renew building's frontage and exterior 4. Sustainability important driver in consumer purchasing countries using new distribution channels displays (O2,W8) decisions (S5, O5) 4. Find commercial partners to enter eastern 5. Emerging countries attractiveness due to increasing 3. Build brand identity based on distinctive european markets (O5,W2) middle class disposable income and low chocolate competence (S3, O1) consumption rate per capita 4.Offer customer to order online chocolate 6. Customization has become a leading trend in bars tailored to their own taste (S3, S4, O6) manufacturing THREATS ST WT 1. Cocoa products w ith up to 5% of vegetal fats are 1. Promote online sales in Asia and Eastern 1. Use alternative promotional channels to considered chocolate leveling the quality of the product European countries (S4, T6, T2) engage consumers (W2,T6) 2. Potential saturation of chocolate market in Western 2. Create a communication program to teach 2. Target niches not attended by the Europe and the US costumers about the meaning of 100% competitors with customized products (W3, 3. Four companies dominate the industrial chocolate supply cocoa products (S3,S5, T1) W4,T2) in Belgium 3. Open a shop in Bruges (W2, T6) 4. Leading companies in the sector are multinationals w ith several years in the market 5. Competitors have developed strong brands 6. Competitors have multiple distribution channels
  • 6. Chocopolis Distinctive Competences • Preserves Belgian tradition of handmade chocolates • High quality product • Personalized service • Taste matches for the discerning international palate
  • 7. Brand Identity Proposal Brand Image Brand Identity Brand Position Great flavor, beautiful Not the biggest Belgian handmade shop and excellent worldwide chocolatier, chocolate, synonym of service. but the true Belgian craft and quality, for the flavor. discerning international palate.
  • 8. Target Market Primary Tourists Consumers Secondary • Tourists from Latin America an Eastern Europe • Retail investors • Companies • Special occasion consumers
  • 9. Strategies 1. Organized in two groups: short term priory 3 years, long term 5 years 2. Oriented to target emerging markets, use alternative promotional channels and develop closer relationship with customers. 3. Tend to match internal resources to external factors
  • 10. Conclusions 1. Branding has become key issue to determine Chocopolis future. 2. Customers’ profile: internet savvy tourists, from France, Spain, USA, Germany, the Netherlands and UK, whose most appreciated characteristics in a chocolate are taste, price and service. 3. Chocopolis customers’ arrived to the boutique by chance thus the need to work actions to call their attention. 4. Brand image, brand identity and brand positioning harmony. 5. Distinctive competence of Chocopolis will lead branding strategies. 6. Manage strengths to target emerging markets, use alternative promotional channels and engage consumers at a personal level. 7. Match internal resources and skills to external factors, converting weaknesses and threats into opportunities to determine permanency in the market.
  • 11. Recommendations 1. Innovation 2. Brand proposal economic evaluation 3. Strategies could be used as framework 4. Corporate analysis to develop long term strategic plan 5. Keep regular market consumer market research 6. Detailed reports for Chocopolis management to engage