Preview

Target Market Identification

Satisfactory Essays
Open Document
Open Document
556 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target Market Identification
Jollibee is the largest fast food chain in the Philippines, over 750 stores nationwide. Jollibee Foods Corporation (JFC) is one of the top fast-food companies in the Philippines. JFC develops, operates and franchises fast-food stores under the name 'Jollibee'. The company trademark food products are the Champ, Chicken Joy, Yum and others. It has 686 stores nationwide. Jollibee is the largest fast food chain in the Philippines, operating over 750 stores.
Jollibee was founded by Tony Tan together with his family. The business began as an Ice Cream Parlor which later grew. Jollibee knows their target audience very well. They focus on the importance of family values, making Jollibee the number one family fast food chain in the Philippines and a growing international QSR player.

. 10 STEPMarketing Plan for Jollibee Elainrose Faith B. Esberto July 2012 1
2. DisclaimerThis 10 Step Marketing Plan is part of the mandatory requirements of Prof. Remigio Joseph De Ungria’s AGSB marketing management class.The data included in this report are based on publicly available data such as those on internet websites, news, package declarations, public reports.When appropriate, data are “masked” so as not to create unexpected conflicts.The reports are posted and linked on slideshare, blogs and facebook so that there is easier sharing among students from different marketing classes. http://elainrose.blogspot.com j
3. Outline1. Primary Target Market of Jollibee2. Maslow’s Hierarchy of Need3. Competitors of Jollibee4. Marketing Opportunity5. Quantifying the Market6-9. 4P’s of Jollibee10. Winning Strategy http://elainrose.blogspot.com j
4. Primary Target Market Filipino Kids – Ages 3-10 years old ; Teens - Ages 11-21 years old. Can be Male / Female. Filipino Families – even the Senior Citizen. Social classes C, D and E Looking for budget-friendly or Quick meals. http://elainrose.blogspot.com j
5. Claimed Target Market ofJollibeeJollibee knows their target audience very well:the

You May Also Find These Documents Helpful

  • Powerful Essays

    Jollibee Foods Corporation (JFC) is banking on franchising and overseas expansion to continuously boost its earnings in the long run. The aggressive expansion program is in line with doubling the company’s earnings in 5 years, company officials said.…

    • 3502 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Jollibee Case

    • 2212 Words
    • 9 Pages

    Jollibee was able to build its dominant position in fast food in the Philippines for a number of reasons. The company had its roots in the food industry in the Philippines early on with the ice cream business, so the entry barrier into fast food was very low. It was a smooth transition from being ice cream only to fast food after the oil crisis in 1977. This transition was also aided by using a recipe that was developed in the Philippines and was appealing to the markets that were serviced by Jollibee’s. This would eventually be a contributing factor in the competitive advantage Jollibee held over McDonald’s in it’s the Philippins. Jollibee also built itself around the solid foundation of the “Five F’s”. Friendliness, flavorful food, fun atmosphere, flexibility and focus on families summed up Jollibee’s philosophy and allowed for Jollibee to become a recognizable brand throughout the Philippines. The operations and marketing strategies employed by the company can be credited with establishing a dominant position through the previously mentioned actions.…

    • 2212 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Target Market Discussion

    • 470 Words
    • 2 Pages

    For purposes of this discussion board, you are asked to select a specific product or service for discussion. This product must be different from any example already posted by your classmates.…

    • 470 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Jollibee Foods

    • 387 Words
    • 2 Pages

    Jollibee’s success in its home market developed as a result of its ability to better meet the needs of the Filipino customer. Although its success was mediated by the political and economic crises of 1983, Jollibee was still able to deliver a product that both cheaper and better tasting than that of McDonald’s.…

    • 387 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Target Market Analysis

    • 1777 Words
    • 8 Pages

    The Kao Corporation is originated by Mr. Tomiro Nagase and founded in June 1887. High quality toiletry soap becomes first manufactured goods that are launched. This corporation started to develop and expand their business to other field of business such as the beauty care business wherein the company recommend prestige cosmetics, and premium skin care and hair care products, and the fabric and home care business, which contain laundry detergents and household cleaners. In addition, in the chemical business this company develop chemical products that meet the various needs of industry (Kao Group Site, 2011). The mission of this company is to make every effort for the wholehearted satisfaction. The member of staff in the Kao Corporation has made an obligation that as their working mutually with passion and share joy with their consumers (Kao Group Site, 2011). The aim of the company is to gaining the respect and trust from the entire customer, consumers and also the stakeholders. In 1987, the Kao Corporation launching laundry detergent called Biozet attack. Biozet attack is one of the well known laundry powder in Australia. This product has superiority four times faster dissolving which means when the powders touch the water, it breaks open and dissolving the powder four times faster than other products (Biozet attack, 2009). The target market of this product is to fulfil customer expectations that wanted to clean their clothes, dress, or shirts from a stain. The 4 P’s analysis are use to discuss more deeply about this product but before applying the 4P’s analysis, there are three things need to be explained such as segmentation , target market , and positioning.…

    • 1777 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Jr., D. P., J.P. Cannon Jr., & E.J. McCarthy. (2011). Basic marketing: A marketing strategy planning approach (19th ed.). New York: McGraw-Hill Irwin.…

    • 1997 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Bud Light Target Market

    • 599 Words
    • 3 Pages

    Perreault, Jr., W. D., & Cannon, J. P., & McCarthy, E. J. (2010). Essentials of marketing: a marketing strategy planning approach (12th ed.). New York, NY: The McGraw-Hill Companies, Inc.…

    • 599 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Target Markets

    • 809 Words
    • 4 Pages

    HealthPost has two different target markets: the primary target is the buyer or large hospital systems and health plans, the secondary target audience are the consumers or women under forty-five. HealthPost will provide through its online scheduling service provide timely access in order to maintain good medical outcomes and patient satisfaction.…

    • 809 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    Jollibee is a fast food chain that is based in Manila, Philippines. Inspired by Tony’s chef dad back in 1977, the home style hamburger quickly became an instant hit among the Filipino’s market. Today, Jollibee is a family of a total of 750 stores across worldwide in countries like Vietnam, Qatar, Saudi Arabia and more. (Jollibee.com.ph,2013)…

    • 1034 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Jollibee Case Study

    • 2987 Words
    • 12 Pages

    Jollibee started in 1975 as an ice cream parlor (Barlett, Bemish 2010). It diversified into sandwiches after the company’s president Mr. Tony Tan realized that events triggered by the 1977 oil crisis could double the price of ice cream (Barlett, Bemish 2010). However, the business incorporated a year later with only five stores in Manila. Its name is inspired by the president’s vision of employees working happily and efficiently like bees in a hive (Barlett, Bemish 2010). Today, they have a wide range of products including hot meals and snacks. The company utilized internally generated funds to expand very fast until 1993 when the company went public raising 216 million pesos. The business was mainly run by the Tan family members but the marketing and finance divisions were always managed by professionals who were not family members. (Barlett, Bemish 2010)…

    • 2987 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Jollibee

    • 5268 Words
    • 22 Pages

    Jollibee Food Corporation is the epitome of entrepreneurial success in the Philippines. What started as an ice cream parlor had spawned into a national brand that even the likes of McDonalds cannot top. At present, Jollibee has established a global presence with the opening of stores in countries such as the US, Hongkong, Guam, Brunei and Vietnam, just to name a few.…

    • 5268 Words
    • 22 Pages
    Good Essays
  • Good Essays

    Jollibee Foods

    • 1082 Words
    • 5 Pages

    On the basis of this understanding from 1 above, how was Jollibee able to build its dominant position in fast food in the Philippines? What sources of competitive advantage was it able to develop against McDonald’s in its home market?…

    • 1082 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Target Market

    • 326 Words
    • 2 Pages

    Brand Brochure - 品牌手册 Concept Design-设计概念 Design Development-设计发展 Copy-Chinese-中文文案 FinalArt work-完稿 1 1 1 1 式 式 式 式 RMB RMB RMB RMB 10,000 13,000 12,000 12,000 10,000 提供最少2个设计方向 13,000 Including material development and layout development…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    JFC observed that the fast food market in Philippines had a high growth potential. They were the first movers in the market and therefore able to build up brand recognition. JFC’s success could be attributed to its differentiation strategy that created and sustained a competitive advantage especially against McDonalds.…

    • 382 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Jollibee Foods Corporation, as of July 31, 2010, has a total number of 1,582 store branches in the Philippines: Jollibee (702); Chowking (406); Greenwich (221); Red Ribbon (215); Delifrance (23); and Manong Pepe’s (15).…

    • 388 Words
    • 2 Pages
    Satisfactory Essays