PHINMA UPANG COLLEGE URDANETA
Nancayasan, Urdaneta City
Humanities and Social Sciences
12 HUMSS 2 – GROUP 1
FEASIBILITY STUDY
Presented as Partial Fulfilment of the Requirement for
APP 007 INQUIRIES, IMMERSION, AND INVESTIGATION
Submitted to:
Ms. ELEARDEN MEI N. CATALAN
Professor
Submitted by:
ALVARO, QUEZONIA MAY M. AYCO, ARON ACE G.
BRIOSO, JEAN VALERIE C. COLLADO, JENELLE A.
CANTO, JERWIN N/A FLORIDA, MC JETRO O.
HILARIO, MELODY T. MALLARI, JAMIEL L.
MARIANO, KAYECLYN M. MORDEN, JONA MAE G.
PISO, KEVIN N/A ROMBAOA, NATHANIEL ZOE L.
SEMBRAN, CHRISTIAN S.
HUMSS Students
Second Semester
Academic Year 2020 - 2021
CERTIFICATE OF ACCEPTANCE OF FEASIBILITY STUDY PAPER
This is to certify that we have read the Feasibility Study Paper of Quezonia
May Alvaro, Aron Ace Ayco, Jean Valerie Brioso, Jenelle Collado, Jerwin Canto,
Mc Jetro Florida, Melody Hilario, Jamiel Mallari, Kayeclyn Mariano, Jona Mae
Morden, Kevin Piso, Nathaniel Zoe Rombaoa, and Christian Sembran entitled:
“A FEASIBILITY STUDY PAPER FOR KOOKIE DOUGH”. They defended the same
before an Oral Examination Committee on February 29, 2020. The committee
found the Feasibility Study Paper Acceptable and has successfully passed the
Oral Defense.
ELEARDEN MEI N. CATALAN
Feasibility Study Adviser
ARNEL Z. BAUZON JASON C. MUNAR KRISTINE MOLINA
Member Member Member
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ACKNOWLEDGMENT
This paper came into reality with the kind support and help of many
individuals. We would like to express our gratitude to all of them.
First, to Almighty God who gives us strength and knowledge in accomplishing
our Feasibility Study paper. Without him we believe we are not here now
taking our new step in our journey.
Second, to our adviser Ms. Elearden Mei N. Catalan. Thank you for all the
knowledge you’ve shared to us and to your unending patience to your
students.
Next would be our colleagues, Quezonia May Alvaro, Aron Ace Ayco, Jean
Valerie Brioso, Jenelle Collado, Jerwin Canto, Mc Jetro Florida, Melody Hilario,
Jamiel Mallari, Kayeclyn Mariano, Jona Mae Morden, Kevin Piso, Nathaniel Zoe
Rombaoa, and Christian Sembran, we want to thank them for their moral
support, love and inspiring messages to us while doing my paper.
And lastly to our families and graduating students of May 2021 without you
we think we cannot survive our journey. We love you all and thank you so
much for everything.
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THE RESEARCHERS
DEDICATION
We honor and offer this accomplishment to our Almighty Father for His
unfailing love and guidance and to our families. We are doing smart and hard
work because of our families. Our success is your success too.
For from him and through him and to him are all things. To him be glory
forever. Amen
Romans 11:36
THE RESEARCHERS
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TABLE OF CONTENTS
CONTENTS PAGE
Title Page
Approval Sheet/Certificate of Acceptance i
Acknowledgement ii
Dedication iii
Table of Contents iv
Executive Summary
CHAPTER 1: BUSINESS PROFILE 1
A. Business Name 1
B. Product Description 2
C. Unique Quality 4
D. Business Structure 6
E. Location 7
F. Strategic Analysis of the Company and its
Business Vision, Mission, Goals, Objectives
iv
and Core Values
v
CHAPTER I
BUSINESS PROFILE
This Chapter provides the derivation, description, and fundamental
prospects of the business and its signature product.
A. BUSINESS NAME
kookie dough derived from the word “Cookie” and “Dough”
which gives emphasis on the business’ chosen industry~ food
manufacturing focusing on dough products; or to simply put,
pastries. However, kookie dough is not the typical
manufacturer that simply manufactures pastries on a normal
scale, and not the typical bakery that produces variations of
bread and baked products. It is a combination of both and a
mixture of a certain advocacy~ creating an alternative choice for
individuals on munching and savoring the taste of delicacies
without the expense of health which narrows the gap of
individuals suffering medical illnesses and sweet delicacies.
Figure 1.1
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B. PRODUCT DESCRIPTION
kreenkle vine is the forefront and primary product of kookie
dough. Originally coming from the words “Crinkle”, “Green”, and
“Vine”; “KREENKLE” a mixture of the words “Crinkle” and
“Green” seeks to establish itself as a captivating and relished
name while maintaining its essential advocacy; “VINE” on its
part, came from the vines of the Ampalaya, the fundamental
ingredient of the product giving credentials onto the superfood.
Figure 1.2
I. PROPERTIES
kookie dough will serve crinkles made out of dough
and ampalaya. The kreenkle vine is consisted of cocoa
powder, melted dark chocolate, flour, eggs, brown sugar,
and all-natural ampalaya to attain less similar to mundane
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ingredients of the traditional crinkles and become
advisable to health-aware individuals.
II. PURPOSE OF THE PRODUCT
The conceptualization of the product is inspired by
the growing demand of the market over healthier
alternatives for food. With booming demand, kookie
dough places itself on the front with producing sweet
delicacies and replacing its ingredients with more “green”
ensuring its consumers nutritional value, and health
awareness.
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C. UNIQUE QUALITY
1. Is loaded with a mouthful of nutrients.
Ampalaya is loaded with Vitamin C which is an important
micronutrient in fending off diseases. It is also rich in
Vitamin A which promotes proper vision and skin-health. It
provides folate, an essential for growth development; and
enriched with smaller portions of potassium, zinc, and iron.
It is also packed of antioxidants namely catechin, gallic
acid, epicatechin, and chlorogenic acid. Plus, it is also low
in calories, yet rich in fiber fulfilling an amount needed for
daily intake.
2. Reduces blood sugar.
The vegetable is thought to improve the way that sugar is
utilized in the tissues by promoting the secretion of insulin.
Some studies also suggest that the vegetable is also used
in indigenous communities to treat diabetes-related
illnesses.
3. Might have cancer-fighting properties.
According to [Link], there are several
concentrated studies that showed that an extract of the
Ampalaya was effective at killing cancer cells of several
organs, and was as well been successful in the blockage of
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growth and spread of breast cancer cells while also
promoting cancer cell deaths according to a similar study.
4. Could minimize cholesterol levels.
An article of the aforementioned website above also
suggests studies that when rats on a high-cholesterol diet
are fed with an extract of Ampalaya, it led to relative
decrease of “bad” cholesterol levels.
5. Aids weight loss.
Ampalaya is very low in calories and very high in fiber. It
contains an approximate of 2 grams of fiber in each 94-
gram serving. Thus, adding a fiber-rich food in diet helps
increase smooth food passage to the digestive tract,
keeping a fuller for longer and reducing hunger appetite.
6. Distinctively Delicious
Ampalaya has this unique bitter taste which sets
indifferently among other vegetables. Eating even just a
portion of the vegetable will not only entice the taste buds,
but allows innately to become addicted onto it.
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D. BUSINESS STRUCTURE
The business is built by individuals with a common goal. Thus,
the business is entirely based on a system called a Limited
Liability Company or LLC. Unlike other business structures, LLCs
are very flexible, being able to imitate other business structure at
ease. Although it is still recent in the Philippines, more and more
companies appear to register their businesses onto these
structures for to protect the owners’ personal assets and
liabilities over and out of the company. And, it is also much
simpler when during taxations, and being able to own multiples
of properties under only the company. However, it trammels the
owners from going public; hence, unsuitable for public
ownership. But, as stated, LLCs are able to mutate whenever and
whichever it wants. So, it can integrate itself on adapting and
restructuring itself unto a General Partnership’s perks of being
swift through bureaucratic works and settings; plus, able to go
public.
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E. LOCATION
The business shall be established near Puregold Jr. of Brgy.
Bonuan Guiset Dagupan City since it places a likely speculated
growth knowing that the area can be passed through vehicles
and where certain places for gathering can be found. Moreover,
the purchase of supplies will as well be conveniently near.
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Figures 1.3 and 1.4
Market
The people of Brgy. Bonuan Guiset and the tourists that flock
towards the Bonuan Beach will be one of the primary targets of
the business despite the threat of the pandemic.
F. STRATEGIC ANALYSIS OF THE BUSINESS
Vision
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kookie dough will be one of the pioneers in modifying local
delicacies into meeting the growing demand of healthier
alternatives all in while showing rapid expansion nationwide
dominating not only the delicacy industry but as well as the
tourism sector as it aims to reach worldwide, establishing a
foothold at presenting the new taste of the Philippines.
Mission
To ensure the beneficial desire and to exhibit all-out services for
our customers, and to give every person a chance at a healthy
life; our company kookie dough aims to supply and quench the
healthy nutritional diet of our clients without compromising the
irresistible taste of delicacies.
Goals and Objectives
● High Quality – to provide high caliber manufactured pastry
products to be consumed by our customers and nothing
less of it.
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● Innovation – to be a forefront innovator in health through
the nutrition of our product provides, having state of the
art manufacturing quality and industrial expertise to
deliver our promise and to fuel our success.
● Commitment – to be a reliable and trusted food
manufacturing business by providing tasty and neat
vegetarian pastry products that gives our customers high
nutritional value.
● Job Opportunities – provide locals opportunities in careers
contributing to the resolution of unemployment nationwide.
● Recognition – making the product popular regionally in 3
years.
● Expansion – assuring stability and cost effectiveness of
operations reaching towards far-flung areas.
● Mainstream – utilize social media as a platform for
promotion and gain popularity from the netizens.
Core Values
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● Value – the business maintains the quality of not only the
product, but as well the name where it is deeply rooted.
● Nationalism – the product is locally made, thus, promoting
not merely the company, but the whole nation as a whole.
● Courtesy – the business understands the fundamental
rights of its customers, hence, setting the “customer
always right” policy into a norm.
● Integrity – the business remains firm onto the advocacy
where it originates. It shall not tolerate any lapses against
it.
● Competent – the company appears friendly, however it
shall remain a very competitive opponent within the
industry.
● Eco-friendly – the founders sees the whole world into the
integration of nature friendly movements, the incorporation
of such norms shall be inviolable.
● Transparent – the company understands the need for a
business to become trustworthy towards its customers,
thus, assuring the enforcement of fair trade through the
government’s policies.
● Flexible – when the business sees a likely growth, it adopts
such trends meeting the needs of the market as timely as
possible.
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● Serve – the founders know that having a successful
business is not all about the money, thus, setting such
principles for the people.
Social and Ecological Responsibility
● “Isang kookie para healthy” is kookie dough’s primary
corporate obligation for the community. It is a program
where the company allocates funds for the execution of
feeding programs to the needy across each baranggay
within close proximity. The program as well teaches on how
to bake pastries and other food products to the households
for them to have income.
● “Kain kookie, plant a tree” is kookie dough’s primary
corporate obligation towards nature. It is a program where
when a customer purchases a product, there will be a tree
seedling to be planted or transferred onto the mountains
and or anywhere the seedling is capable of growing.
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CHAPTER II
MARKETING ANALYSIS
This chapter shall identify the best strategies to be utilized to compete
with existing competitors and what factors should be comprehended. The
business’ entrance to the market might seem narrow considering the
existence of alike-establishments; however, the business shall offer healthier
products with a very low price compared to competitors. The product offered
by the business will have a positive nutritional impact towards the market.
TARGET MARKET
Based on the 2015 census, Brgy. Bonuan Guiset alone has an
approximate of 23,373 population. A total of 13.65% of the total population
of Dagupan City.
The demographics shows that aged 15 to 19 comprises of that
population with 2,449 individuals. Aged 14 and below make up of about
7,031. Aged 15 up to 64 15,269. And aged 65 and over a total of 1,073.
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Thus, the age groups of 15 up to 64 are the most likely customers,
ranging for an estimate of 65% of the total population of Brgy. Bonuan Guiset
alone.
The age group comprises of high school and college students, and the
working clusters; taking note of excluding the elementary student cluster.
With the great value of the business’ product with its affordability of any
cluster in the market, the target market shall be attainable.
DEMAND
With a rising appreciation and notice to healthy lifestyle, nutritious
foods are replacing convenient and fast food products. With the launch of the
product, people will take notice the combination of nutritional and
convenient food; hence, persuading them to try an alternative healthy food
without the expense of manageability.
SUPPLY
The establishment resides within close proximity of able suppliers. With
the existence of a Puregold Jr., from which offers its products with a
wholesale price, make it less for transportation expenses less and or fondly
absent.
MARKET POSITIONING
The business produces vegetable-themed crinkles from which many
knows it is concentrated with sugar-rich ingredients knowing it is served
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purposeful for desserts. However, in the existence of the kreenkle vine, it
will be able to sustain the demand of individuals longing for constant healthy
alternatives as a means to include into their diets. Making the customers
distance themselves from consuming regular crinkles and sweet delicacies
alike.
120
100
80
High Quality
60
Low Pricce
40
20
FIGURE 2.1
MARKET SEGMENTATION
The business’ target market shall be divided into:
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Market Share
15 to 64
65 above
14 below
Others
FIGURE 2.2
a. The 45% of sales is projected to be covered by the age group of 15
until 64, who are the primary target market of the business.
b. The 25% of sales is projected to be covered by the age group of 14
below.
c. A conservative projection of 10% of sales is to be covered by the
age group of 65 above.
d. And the others comprised of residents of near communities and
tourists will cover the projection of 20%.
MARKETING PLAN
These are the marketing tools that will help the company attain its
objectives; it shall follow the 4Ps of Marketing Mix:
Product
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The business produces vegetable-themed crinkles, made
primarily of the ingredient Ampalaya. It is for the individuals who tend
to be health conscious preferring nutritional foods. It is also for the
people who tend to prefer convenience. Basically, it is a combination of
both.
Price
The business offers products per piece or per dozen. A single
kreenkle vine costs 3 Php. And a dozen kreenkle vine costs 35 Php.
However, it will also adjust accordingly to various impositions of the
government policies such as taxes. However, transportation costs will
no longer be intertwined into the price of a single kreenkle vine since
the supplier will come at a walking distance.
Place
The business shall be established in Brgy. Bonuan Guiset of
Dagupan City, Pangasinan. The establishment shall be near Puregold
Jr., from which the supplies will be sustained. It shall also be near
communal institutions such as the Public Elementary and High School
in the said community. Moreover, it shall also be established near the
road where tourists access the beach.
Promotion
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The strategy is to penetrate and exploit the rising demand and
awareness of healthy living. By associating kreenkle vine as one of the
pioneering products in nutritional food alternatives. Through this, while
gradual recognition is taking place, an execution of promoting health
awareness shall also be utilized as a means of putting a positive remark
towards the product, and allowing better customer service through time.
Chapter III
This chapter shall discuss the process and operations necessary to
produce Kookie Dough’s quality Kreenkle Vine.
Process Planning
The company Kookie Dough aims to execute and achieve its objectives,
in order to do that, the seven steps of process planning shall be observed.
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1. Setting Objectives - According to the demographics incurred
by the company, the location where Kreenkle Vine will be first
established, Bonuan, Guiset, a place famous for its beach has an
approximate of 23,373 population. The target consumers of the
company will be the tourists, and residents aged 15 to 64, that is
equivalent to the 65% of the population. Therefore in a span of
two years the company aims to sell a dozen of Kreenkle Vine to
every target consumer residing in the area and a total of 2,000
dozens to its tourists.
2. Developing Planning Premises - The objective was set based
on the expenses incurred in acquiring the resources needed and
taxes to pay for two years, the set target sales are deemed
necessary for the company to increase its income and still
operate for the following three years, and later expand the
business to different areas.
3. Identifying Alternative Courses of Action - Kookie Dough
takes one step at a time therefore sets attainable objectives.
With that in mind, the company’s two-year objective is backed up
by alternatives and actions in mind to execute over the course of
achieving its objective. The shareholders have agreed to boost
its social media advertisement and increase the services offered
while ensuring that the product offered and the space where it
operates is safe and clean, abiding to the health protocols.
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4. Evaluating Alternative Course of Action - The company will
quarterly assess the courses of action executed to further
analyze the pros and cons of the action taken. In this phase, the
company will discuss what is effective to the promotion of the
product and what is not.
5. Selecting One Best Alternative - Selecting the best
alternative course of action will depend on its effectiveness by
the time it is carried out by the company in the future. The
company will carefully study all its alternatives to come up with
the best course of action helpful in the attainment of its
objective.
6. Implementing the Plan - The company will hire a social media
strategist that specialises on promoting businesses and a set of
competent and able employees that will execute the plan. The
company will also purchase the resources needed in order for the
plan to operate.
7. Follow up Action - A system of proper feedback mechanism will
be established so that the company will be made aware of
customers' response about the product and services offered,
revenue collection, and employees response on the course of
action.
Inputs in Production
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The inputs needed in the production were classified into two resources, the
transforming and transformed resources.
Transforming resources are used to turn raw materials as transformed
output, which includes the house/building, machinery, and people that carry
out the transforming process. Under this, the following are needed:
Establishment
1. Baking Kitchen
Equipments (Appliances)
1. Oven
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1. Blender
Tools
1. Parchment Paper and Baking Tray
1. Wire Whisk
1. Mixing Bowl
1. Measuring Cups and Spoons
22
1. Ice Cream Scoop
1. Spatula
Personal Protective Clothing
1. Apron
1. Protective Mask (disposable)
23
1. Hair Net
1. Protective Gloves (disposable)
Transformed resources on the other hand refers to the raw materials
that undergo the process of utilizing the transforming resources that
translates transformed resources to a finished product. The transformed
resources needed to produce ampalaya crinkle cookies are as follows:
Kookie Dough’s Kreenkle Vine (for every 30
pieces)
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1. 1 ¼ cup of brown sugar
1. 2 eggs
1. 7 tbsp. vegetable oil
1. ¾ cup of cocoa powder
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1. ¼ cup of melted chocolate
1. 1 cup all-purpose flour
1. ¼ tsp. each of baking powder and
soda
1. ¼ tsp. salt
1. ¼ cup of blended ampalaya
26
1. ¼ cup confectioners sugar
Production Process
In this process, the company first incurred the 2 sets of resources. First the
transforming resources which includes the house/building, machinery, and
people that carry out the transforming process, and secondly the
transformed resources which are the raw materials and components that are
transformed into end products.
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Figure 3.1
28
Product Design
The company will use sealed reusable plastic tubs for take outs and large
amounts of orders, and paper bags for small orders to help lessen plastic
waste.
Labeling
For labeling, the company will both use its product and company logo. Not
only that to ensure the safety of the consumers the list of ingredients used
for the product and its date of expiration will be also used as a labeling for
the product.
Product Packaging
Figure 3.2
As for the product packaging, the container of the product is a transparent
plastic tub, since the tub is transparent the consumer can actually see the
condition of the product, the ingredients used and its time of expiration
before buying, this is a strategic move for the company as this will earn the
consumers trust.
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CHAPTER IV
HUMAN RESOURCE MANAGEMENT
This chapter shall include the manpower behind the production of the
product, and the individuals behind the business. It contains the
organizational chart, the basic requirements before admission in the
company, and the fundamental documents for the progression of the
business.
Organizational Structure
The structure of the organization will help differentiate the
responsibilities administered by each individual within the business.
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Figure 4.1
The positions are of follows:
Position Duties and Responsibilities
Oversees business operations.
Development and implementation of
strategies.
Evaluation of overall business performance.
General Manager Generating reports and presentations.
Analysing financial data.
Oversees business maintenance.
Conducting inspections.
Maintaining stability within the crew.
Leading by example.
Crew Chief Manages the team.
Ensures cleanliness in food preparation.
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Sorts, stores, and distributes ingredients.
Cooks and presents food.
Serves according to customer demand.
Kitchen Crew Acting upon instruction by the chief.
Manages documents and files.
Records information.
Updates, maintains, and processes
documents.
Organizes office areas.
Office Staff
Acting upon the instruction of the general
manager.
The business will hire 1 general manager, 1 crew chief, 2 kitchen crew,
and 2 office staff. However, the general manager can be the proprietor
himself if wishes to do so. But, the other aforementioned positions require a
skilled worker.
Hiring Process
Step 1: Step 2: Step 3: Step 4: Step 5: Step 6:
Identifying
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what help is Screening Interviewing Closing a Offering a Orienting the
needed in the the negotiation good employee on
the daily candidates candidates in between the employment his first day,
operations of whether they order to have employer agreement and allowing
the business. are fit and a broader and towards the him to
able to take understandin candidate candidate explore the
up the g towards and and assuring environment
responsibiliti them through exchanging it is a win-win and the
es in the asking information decision. norms
operation of questions. between surrounding.
the business. them.
Hiring Strategy
Position Qualification Offer Job Employer’s
s Description Expectation
*A Degree in Manages, If able to
a business- administers, generate
related and reports and
course. the additional
operations monthly
*At least 1-
General Manager of the income of
year
business, 15-20% of
experience.
and the
*Strong conceptualiz business, a
Leadership es then bonus of
33
skills. implements 10,000
various Philippine
*Excellent 15,000
strategies to Peso shall
communicati Philippine
generate be
on and Pesos a
more compensate
interpersonal month,
revenue and d towards
skills. and full
expand the the
formal
*Meticulous array of the employee.
employme
attention to business.
nt
detail.
benefits.
*Strong work
ethic.
*Organized.
*At least a Assures and If there are
high school maintains no mistakes
graduate. stability and done by the
responsibilit crew
*With 2-3
y within the throughout
years of
8,000 team, and the monthly
Crew Chief work
Philippine ensures that operation of
experience
Pesos a all tasks and the
in the field.
month duties are business, an
*Strong met and additional
leadership done within 2,000
34
skills. the Philippine
operation of Pesos shall
*Accountable
the be given
.
business. compensatio
*Diligent. n.
*At least a 5,000 Takes up Able to
high school Philippine tasks given accomplish
graduate. Pesos a by the crew tasks on a
month. chief, and given time,
*Responsible
serves the and does
Kitchen Crew *Diligent demand of not
the complain
customers unnecessaril
and the y.
business’
interests.
*At least Records, If does not
finishing a manages, miss out any
technical- stores, and necessary
vocational interprets information,
course. documents secures
and documents,
*With 1-year
presentation and passes
work
35
Office Staff experience s allowing a the
in the related more requisites on
7,000
field. technical or before
Philippine
outlook the
*Accountable Pesos
towards the deadline. An
.
prospects additional
*Diligent. and 2,000
performance Philippine
*Responsible
of the Pesos shall
.
business. be given in
*Computer
compensatio
and
n.
numerically
literate.
CHAPTER V
STRATEGIC PLANNING
This chapter shall discuss the internal and external factors which are
essential in starting a new business. It shall identify and help kookie dough
36
in preventing unexpected risks that might affect revenue. The combination of
the information adapted from both analyses, kookie dough can hold both
external and internal factors setting n advantage in the enhancement of the
business strategies and productivity.
Political and Legal Environment
With the increasing cases of COVID-19 and the increasing debt of the
Philippines towards the World Bank, it is likely that tax rates shall further
upsurge, thus setting a more expense on ingredients, operations, and
obligations as a business entity.
Economic Environment
The livelihood of the Filipino people at the onset of the pandemic is low.
It is also estimated that the current debt of the country has almost surpassed
the half of the GDP capita. Hence, allowing a friendlier price for the
consumers in order for them to perceive an affordable product is necessary.
Social and Cultural Environment
Filipinos have this “sweet-tooth” appetite; every delicacy they come
across with has a high probability of being consumed. Moreover, it is also
37
popularly known that Filipinos love to eat anytime of the day, and allow
snacks between and after meals. Thus, setting the kreenkle vine likely
being consumed as a dessert and snack.
Technological Environment
The business is able to thrive even during the pandemic through the
utilization of various social media platforms as a means to market and
promote the product and the business itself. Furthermore, it also helps
connect the business towards potential suppliers, dealers, and or even
resellers. Thus, adding more efficiency and portability throughout the
operations of the business anytime and anywhere.
Swot Analysis
Swot analysis is a useful technique for understanding the Strengths
and Weakness, and for identifying both the Opportunity open to you and the
Threats your business is going to face. SWOT can help you uncover
opportunities that you are well-placed to utilize. By understanding the
weakness of your business, you can manage to eliminate threats that may
pose threats to your business.
Table 5.1
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SWOT Analysis
Strengths Weakness
Location: our location is near Owners are still beginner in a
from a tourist attraction in business industry.
Dagupan Existence of Competitors
Uniqueness: offering a healthy Popularity: The Company and
crinkles for all in affordable our product are still new and it
price is not popular.
Opportunities Threats
Innovation of our product Competitors that offers cheaper
Loyalty of the customers one price
Negative Reviews
Marketing Objectives
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1. Develop digital presence in social media platform, number of costumer
grow day by day.
2. Keep the product prices in line, while increasing sales.
3. Launch an increase sale of kreenkle vine by 13% by the next 3 months.
Marketing Program Strategy
We have a plan that we will going to execute first is we will create a
loyalty card and using this loyalty cards and promos, and producing enough
flyers to promote our product which indicates the name of our very own
crinkles is our main strategy to increase its popularity and sale. The first
thing to be highlighted in the flyers is the availability of the promos of our
product once purchased by a customer. We will distribute loyalty cards to
those who are interested and are willing to buy our products. These loyalty
cards will cover rewards for their cookie cravings once they reach the promo
and for them to always come back and buy cookies.
Table 5.2
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Order Promo 10 free cookies for purchasing 5
boxes
Discount Promo For every 10 boxes of cookies
purchased within a month, a gold
advantage card that can let
customers save up to 15% for
every box of cookies will be
guaranteed for their next month of
purchase.
Blog or Vlog Challenge Post a video or an article of you
reviewing our very own product
and you will receive a voucher
promo or a 1 box of our product.
Market Development
41
Market Development is a 2-step process to tap the untapped market. It
begins with market research wherein a company does a segmentation
analysis and short market segments which are worth pursuing. It is an
attempt to use the existing product or service to attract new customers. The
goal is to expand the reach or tap into a different segment or unexplored
market. A segment is defined as the small sub-group of a larger population.
Kookie Dough's Marketing Team can divide the target market based on
geography, demographics, as well as income levels.
Regarding Kookie Dough's target market, the main target market
consists of age group of 15 until 64 which is 45% of sales projected, while
the 25% of the sales is covered by the age group of 14 below, another 10%
of the sales is to be covered by the age group of 65 and above and lastly, the
others comprised of residents and tourist will cover the 20% of sales. This
target market will prefer sweet but healthy snacks. This information will help
Kookie Dough to create a specific strategy for this certain target market.
Once the company decides which segment to choose, the next step of
market development involves creating a promotional strategy to enter into
the market. For that, companies may have to take the support of audio and
visual media to push the product deeper into the market. Kookie Dough will
conduct social media advertising since social media is widely used
nowadays.
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Another aspect is the pricing of the product. If there are competitors in the
market, we may have to price the product accordingly or come out with a
product which belongs to the same segment but differs in taste, quality etc.
In order to counter existing competitors, our marketing team could look at
the pricing where we can price the product below competitors’ product to
gain market share. Regarding this, Kookie Dough will also have promos and
vouchers in order to increase market awareness.
The major challenge faced by our company is market development because
it is quite costly. It requires huge capital investment to keep the company
going. If the investment in the new segment doesn’t succeed or failed, then
the whole strategy turns out to be worthless. So, Kookie Dough will develop
good relationships among possible future partners in the business industry.
We will conduct customer satisfaction surveys in order to know the certain
problems that we should solve, and to know the strategies that are working
for our customers.
Product Development
Product development, also called new product management, is a series
of steps that includes the conceptualization, design, development and
marketing of newly created or newly rebranded goods or services
(TechTarget Contributor). Kookie Dough will not only focus on crinkles but
also on other foods and beverages. Shortly, our business will also offer
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drinks, cupcakes, cakes, services and rice meals which are nutritious and
good for people.
Competitive Strategies
Competitive strategy is a long-term action plan developed by businesses
to achieve a competitive advantage over their industry competitors. The aim
of this strategy is to achieve an above-average position and a higher Return
on Investment (ROI). This approach is critical for businesses operating in a
dynamic environment with a plethora of similar goods available to
customers.
1. Cost Leadership
The company's main goal is to become a lower-cost producer in
the industry by enacting production in large-scale operations that
enable the company to gain economic advantage. Strong negotiating
skills, large capacity utilization, and advanced technology deployment,
to name a few, are all essential factors for successful cost leadership.
Cost leadership refers to a company's goal of being the lowest-
cost producer in its market. Cost advantages can come from a variety
of places, depending on the industry's structure.
2. Differentiation Leadership
Kreenkle Vine is a one-of-a-kind crinkle in the pastry industry
since its main ingredient, “ampalaya” or bitter gourd, is both vegan
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and organic. Vegan products are a novel concept for a pastry product
in Brgy. Bonuan Guiset, Dagupan City, and they are only well-known in
other richer countries, so they will entice consumers to purchase and
try them. It will also distinguish the product from other pastry products
in the area.
3. Cost Focus
This approach is somewhat similar to the cost leadership
strategy; however, the cost focus strategy companies target a specific
segment within the industry, and that segment receives the lowest
price for the product or service. This form of strategy will help please
the customers while still increasing brand recognition.
4. Differentiation Focus
Differentiation Focus Strategy focuses on a specific market
segment; however, instead of providing cheaper rates to customers,
businesses distinguish themselves from their rivals. To cater to its
target segment, the Differentiation Strategy provides unique features
and characteristics.
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LEADER’S ASSESMENT
Leader: Rombaoa, Nathaniel Zoe L.
Members:
Alvaro, Quezonia May M. – 95
Ayco, Aron Ace G. – 100
Brioso, Jean Valerie C. – 100
Canto, Jerwin Bert N/A – 100
Collado, Jenelle A. – 100
Florida, Mc Jetro O. – 95
Hilario, Melody T. – 85
Mallari, Jamiel L. – 85
Mariano, Kayeclyn M. – 100
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Morden, Jona Mae G. – 85
Piso, John Kevin N/A – 100
Sembran, Christian S. – 85
47