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MKT460.-9 Assignment1 Hungrynaki
MKT460.-9 Assignment1 Hungrynaki
MKT460.-9 Assignment1 Hungrynaki
Submitted to:
Sherina Idrish (SeH)
Senior Lecturer,
Department of Marketing and International Business
Submitted by:
NAME ID
Tameem Chowdhury 1811692630
Md. Mahin Rahman Saquif 1821131630
Kashfia Aman 1812166030
Farhat Lamia 1731872630
Tahamina Akter 1631116630
Ahnaf T Rahman 1821291030
Hasan A. Tareq 1912010630
Chowdhury Ahmedus Salehin 1712646030
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April 9, 2020
Sherina Idrish
Lecturer, Department of Marketing and International Business,
North South University
Dear Ma’am,
We are pleased to submit the assignment of MKT 460 course. We were assigned to submit an
assignment on Hungrynaki. We have tried our level best to come up with the expectation of you.
We, therefore, hope that you will accept our file and will consider our unwanted mistakes.
Yours obedient,
Tameem Chowdhury
Kashfia Aman
Farhat Lamia
Tahamina Akter
Md. Mahin Rahman Saquif
Ahnaf T Rahman
Hasan A. Tareq
Chowdhury Ahmedus Salehin
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Hasan A. Tareq (Covid- 1912010630 Porter’s Six Forces Industry Analysis (Low
19 Positive) Inovolvement)
Chowdhury Ahmedus 1712646030 Bowman’s Quality Perception Clock and
Salehin (Newly added Justification,
to the group) New product Value Proposition, Innovation
Adoption Curve (Low involvement)
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Acknowledgment
The opportunity to conduct the project report we had with Sherina Idrish ma’am was a great chance
for our learning and professional development. Therefore, we consider ourselves as very lucky
individuals as we were provided with an opportunity to be a part of it.
Bearing in mind previous we were using this opportunity to express our deepest gratitude and
special thanks to ma’am who in spite of being extraordinarily busy with her work and duties, took
time out to hear, guide and keep us on the correct path and allowing us to carry out our project at
her esteemed guidance.
Executive Summary
Hungrynaki is a local food delivery service in Bangladesh. Hungrynaki is a known name in this
business. Hungrynaki is the first food delivery service that started back in 2013 at that time this
was completely a new concept in the country so it took time for Hungry to grow as it’s a small
venture that started by few friends. Later local businesses like Patho food, shohoz even global food
delivery services joined for example Foodpanda . This made the market more competitive.
Hungrynaki was struggling to be one of the top food delivery services as it was far behind those.
Hungrynaki’s owners got an offer from Alibaba for acquisition that through their e-commerce
platform Daraz they will also start an app based food delivery service just like the Alibaba acquired
Ele.me which was china’s second biggest food delivery service so now as Daraz is the top e-
commerce platform in the country so also for food deliver services they want become one of the
tops. Hungry is currently running under Daraz.
In this report, we tried to set a strategy for our SBU as per Bowman’s Quality perception clock
and justified our selection. We portrait our functional level strategies and used visual references
as well. Explained our target market strategies designed for our customers. Relationship marketing
is depicted with detailed explanation, examples and visuals. We did some competition analysis
and shared offensive and defensive strategies. We made a lot of changes like upgraded their app
interface making it more user friendly, introduced two modes light and dark and also introduced
grocery and medicines as new segments also added contactless delivery system.
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Contents
Introduction of the Industry .........................................................................................................................................1
Introduction of the Corporate Brand ...........................................................................................................................2
Introduction of the SBU ................................................................................................................................................3
PESTEL Analysis for HungryNaki: SBU of Daraz (Alibaba) ..............................................................................................4
Porter’s Six Forces Industry Analysis for your SBU ......................................................................................................9
Hungrynaki’s Current Consumer Profile .....................................................................................................................11
Marketing Mix of HungryNaki ....................................................................................................................................12
Swot-Tows Analysis ....................................................................................................................................................17
Turnaround Strategies for Hungrynaki .......................................................................................................................17
Growth Strategy for Hungrynaki ................................................................................................................................18
Bowman’s Quality Perception Clock and Justification ..............................................................................................20
New Customer Profile Table: PRIZM format ..............................................................................................................21
New Target Market Strategy with Justification .........................................................................................................22
New Target Market Strategy and Positioning Statement ..........................................................................................22
Customer profile summary .....................................................................................................................................22
Positioning Statement .............................................................................................................................................23
The changes/ revisions to Hungrynaki’s current product and service offerings .......................................................24
New Product Value Proposition for HungryNaki .......................................................................................................27
Innovation Adoption Curve for HungryNaki ................................................................................................................28
Chasm strategies for Our Extensions..........................................................................................................................30
Relationship marketing strategies ..............................................................................................................................32
Strategies to convert customers from ‘Iron to Gold’ and then ‘Gold to Platinum’ ..................................................37
Competition Analysis and Strategy ............................................................................................................................38
Offensive Strategy and Defensive Strategy to fight the present competitors ........................................................38
Strategic Graph of competition of HungryNaki and other food delivery services brands ......................................40
References ...................................................................................................................................................................42
Appendix: ....................................................................................................................................................................44
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first Bangladeshi food delivery startup is in fifth, with an average of 2,500 deliveries a day. (Babu
& Sajid, 2021)
5 5
Political
Gend
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Place: Hungry’s food delivery service is currently serving all over Dhaka and in Chittagong,
Sylhet, and Narayanganj. But in the future, they are planning to expand all over the country.
According to Md. Raihadul Haque Hungrynaki in Dhaka alone has more than 250 riders working
day and night. In other food delivery companies after the order is placed through the app then the
order is confirmed directly to the restaurants and later the rider calls the customer only a few
minutes before coming to the location. For example, Foodpanda. On the other hand, in Hungrynaki
when the order is placed through the app a confirmation call from the customer service is given to
the customer to confirm the order then after the confirmation rider calls and places the delivery.
Nowadays Hungrynaki is trying to improve its delivery services so that the customers are satisfied
with their services and keeping customers satisfied is their main goal for now. For that, they are
trying to deliver the food faster. They are trying to deliver the food within 30-45mintues. If an
order takes more than 40 mins to deliver then the rider is questioned immediately why he couldn't
reach the time limit. To motivate the rider, they are giving more money than other companies for
per order delivery. If a rider delivers a product by cycle, he gets 45 TK per package and if he
delivers by bike then he gets 55 TK per package. They aren’t only getting per package money but
also getting a monthly salary. Hungrynaki offers a full-time job to the rider. Thus, they are getting
a monthly salary of 8000tk salary. But they need to stay online to get that salary. Hungrynaki offers
a lot to motivate the rider. Some riders don’t follow Hungrynaki rules and do not show manners
to the customer. To solve this issue Hungrynaki is currently using a call patch app to track the
communication between rider and customer.
To register as a rider of Hungrynaki a person has to follow some rules and need to submit some
documents. These are:
• Picture of the rider is a must
• If the person registers with Bike then he needs to submit a bike license.
• Have to share NID card photocopy
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• A rider can’t use any other online food delivery service app on that same phone. For
example, Foodpanda, Shohoz, and others.
Riders can’t use any other food delivery service app because it is against company policy as this
is a full-time job and they are getting a salary accordingly.
Price: In the app of Hungrynaki all the prices are mentioned clearly of all the food and even the
total price with delivery charges are mentioned to the customer before placing the order and there
are no hidden charges. Hungry used to take delivery charges for every order but recently they are
giving free delivery services. In the past Hungrynaki was focusing on slow growth. Now they are
trying to grab the market that’s why they are giving discount coupons. To stay on top of a
competitive market discount strategy is something every food delivery company is focusing on.
As they are facing high competition from other renowned food delivery companies, they adopted
a competitive pricing policy. To give customers value they also follow value-based pricing.
Promotion: Promotion is an important tool for every company. Promotion plays an important role
in creating brand awareness and for promoting its current offers as the market is getting so
competitive nowadays. Hungrynaki promotes all its upcoming offers on all social media platforms
like Facebook, Instagram and also sends text messages. Over the years they have failed to
communicate with their customers but recently they changed their way of communication. They
are doing better promotions and communicating well. The company is focusing on content
marketing recently. In content marketing, they are sharing attractive and informative content using
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their social media handles to attract customers. Content marketing creates an impact on our minds
and can offer pure entertainment. Before the Covid-19 situation, they did many university
activations programs to target the youth. They visited North South University and some other
universities as well and organized so many contests and games under there for better promotions.
Recently Hungrynaki worked a lot on their communication method and promotional activities.
Their recent lockdown-related contents are very attractive. Nowadays every food delivery
company focuses on a discount strategy. Hungrynaki is trying to give exciting discount offers
according to festivals and national holidays. Recently they shared a promo code “KLSHADHIN”
in Chittagong and Dhaka city during the month of Independence. Hungrynaki is giving a cashback
offer as well. For example, 10% cashback is someone pays using the Nagad mobile banking
system. To get new customers the brand is giving a special offer that is 50% off on the first order.
Hungrynaki is trying to collaborate with food bloggers for better promotions. Daraz and
Hungrynaki partnered up for an event named Good vibes only, which took place in Radisson Blu
Dhaka Garden.
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Strengths Weakness
S1. Very first player in the W1. Area restrictions
delivery at your doorstep W2. No new adaptive
services in Bangladesh. strategy
S2. Positive brand image W3. Poor marketing and
S3. A dedicated customer lack of proper positioning
services W4. Price differences in
S4. Trained people for menu and app services
making home deliveries W5. Low online presence
S5. Good organizational W6. Limited range of
structures and managers restaurants offered
S6. Delivery is free W7. No delivery service
S7. Good and clean after 11 pm
packaging
S8. Better payment system
Opportunities SO WO
O1. Expanding places for home S1O6. There are a lot of W1O1. They can increase
deliveries international companies like their presence by reaching
O2. Add more variations of UberEats (past), Foodpanda out to areas where they are
restaurants but Hungrynaki is the first not currently providing
O3. Need to increase the time of Bangladeshi company so services such as in Badda,
delivery service customers prefer this one. Khilgaon, Rampura, Wari,
O4. Add more payment S8O4. Supports online Old Dhaka & etc.
methods payment methods like W6O2. By increasing their
O5. Signed contracts with other Bkash, visa, master card & variations of restaurants
agencies like Daraaz, Alibaba also cash on delivery. offered in their apps like
and etc. S3O5. Use their existing adding home catering foods.
O6. Increase in customer facility to capture the local W7O3. Should deliver after
loyalty programs growing market as much as 11 pm & also on occasions
possible to increase sales like Ramadan by offering
and profits. Sehri meals late nights.
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Threats ST WT
T1. Increased potential S3T2. Customers shifting to W2T1. Solidify their online
competitors in the market other apps due to low range presence to shape consumer
T2. Present customer base is of restaurants offered & no behavior during the
low late-night deliveries. pandemic. Use emotional
T3. Change in economic S6T3. Try to keep cost content online to bond with
conditions down as much as possible consumers. It may also
T4. Negligence of potential due to the sudden increase in attract sales with these
customers cost with the economies of contents.
T5. Increasing health scale production. W5T2. Improve marketing
consciousness S7T5. Due to the Covid-19 and branding to fight the
pandemic, they should start threat of emerging
providing hygienic competition in the market.
packaging to customers.
Swot-Tows Analysis
Hungrynaki had the first-mover advantage initially as it was the only food delivery service in the
country. Later on, when other food delivery companies entered the market, it became very
competitive due to the presence of local and global food delivery companies. As a result,
Hungrynaki was struggling for high competition. They lost a lot of market share. So, it's very
important to apply a turnaround strategy at this stage or else Hungrynaki won't be able to survive.
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Consolidation Contraction
• Young adults, kids, and office-going ● Most of the online food delivery services
people are fond of restaurant foods more are not working smoothly because of some
than Old age groups. Young adults, office- unskilled riders. People don’t like to get their
going people, and newly married people food delivered late. Thus, food delivery
use online food delivery services the most. companies should check on their riders.
Hungrynaki currently offers only food Hungrynaki is not an exception here. They
delivery services. If they launch two new should be more careful about their riders. They
segments of Groceries and Medicine then can motivate their employees and riders by
they will be able to target new target giving them an incentive and work holidays. If
markets. Housewife or the person who goes any employee or rider creates much trouble,
shopping for groceries will buy from Hungrynaki should fire them.
Hungrynaki online grocery Shops.
Ordering medicine just using a phone is not ● In some places of Bangladesh, people do
something familiar. This option can really not use online food delivery services much.
help a lot of people. The reasons are they live in a place where all
the restaurants are situated or they are not
• Hungrynaki app interface is not very user- introduced to the internet service yet.
friendly. So, we can change the app Hungrynaki should do some research and find
interface to make something that will not out places where people don’t want to or less
only be user-friendly for all age groups but using online food delivery services. After
also attractive. finding these places, it would be best if they
provide fewer riders to these zones. Keeping
high amount riders into the zone means they
need to pay them more as Hungrynaki provides
a full-time salary to their riders.
Market Penetration: Hungrynaki is giving food delivery service in Dhaka, Sylhet, Chittagong,
Narayanganj, and Cox`s Bazar area. We can ensure more availability in these areas. For instance,
I tried to use the Hungrynaki app in the Sayed Shah Road area of Chittagong district, but according
to my GPS location, their service wasn’t available there. On that contrary, we can say that we have
to develop the business in the existing market first. Designing the current website and app in a
better way and making user friendly can be an excellent improvement as well. We are changing
the name of current food segments in the app to “Foodlagbe”
Product Development: Product development helps to target new customers. Hungrynaki grocery
delivery service and Hungrynaki medicine delivery service will help to expand the business a lot.
If we think about the present Covid-19 situation, getting groceries and medicine on the doorstep
just using smart devices will be a blessing for people. At first, we will introduce these in existing
markets. We will name the grocery shopping segments “Grocerylagbe” and the Medicine shopping
corner “Medicinelagbe.”
Market Development: Hungrynaki food service not available all over the country. It’s just in
some districts of Bangladesh. We are planning to reach every district. By expanding Hungrynaki
will get a higher market share and will increase its position in the market of the food delivery
industry. Hungrynaki can do some market analysis and then start expanding into many districts of
Bangladesh. For example, Rajshahi, Barisal, and many more.
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take advantage of economies of scale. Their strategy is to produce in bulk and sell in volume.
Despite having a low profit margin on each of the items, they can earn an overall high profit.
Price v/s perceived value position as per bowman's strategy: Current Services - Shohoz app
offering provides new ticket services by which you can easily book your bus tickets from the app
to visit any cities, which is convenient for the customers during this pandemic. They are focused
on adding up their services with new things, which makes them in position 4. Customers are more
prone to book their tickets from them.
Price v/s perceived value position as per bowman's strategy: Current Services- Since
Hungrynaki is being acquired by Daraz, so it makes it a hybrid company. The heat of pandemic
felt by the management and providing services in many areas even after competing with Shohoz
foods and Food panda.
New Customer Profile Table: PRIZM format
Food Service:
Target market- Busy bees, Munches
Groceries:
Target market- Busy Bees, House makers
Medicine:
Target Market- Busy Bees, Out of the blue
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Delivery services are popular among the young adults or people with active social lives and new
careers as there is little to no time to think about what to make for dinner, let alone buy groceries.
Some restaurants deliver their food themselves but not all. The introduction of these delivery
companies has now become convenient for the customers to enjoy the food at home without going
to the restaurants under one roof.
As the Covid-19 pandemic broke out a lot of people stopped ordering online so HungryNaki had
to change their operating style thus, free delivery option was introduced. So instead of going to
restaurants to eat, a lot of people started ordering online as it more efficient and can maintain social
distancing.
So, we are following turnaround strategy and introducing new segments like medicines and
groceries so that it becomes easier and more convenient for the customers to get their deliveries at
their doorstep without going out.
Positioning Statement: According to customer profile and our growth strategy Hungrynaki is
trying to reach all group people. Hungrynaki trying to position in the customer mind in a way that
indicated the brand, the company care about customer satisfaction.
All over the Bangladesh we will deliver groceries, medicine, food with super-fast delivery system.
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HungryNaki will work on its app interface to make it more user-friendly. The app will have two
modes one will be light mode and another one will be dark mode as it differs from user to user
which mode, they prefer for using. Customer satisfaction is one of their major goals. For service-
based businesses it’s very important to ensure the service is very good and customers are happy.
To keep the riders happy is important too as they are playing such an important role in delivering
the product. Thus, they are getting a monthly salary which other food delivery service companies
don’t follow. HungryNaki is not only paying a fixed monthly salary but also gives a higher
commission per order so that the riders give their best service.
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Grocery Store
Emotional Less hassle Feel happy as it will be Safest option for shopping
more safe
Medicine Store
Benefits Functional Online medicine Clear options of medicines Virtual Guide for
24/7 with names and details medicines
Moore’s Perspective focuses on Techies and Visionaries whose market segments witness fast
growth. Afterward, it gradually slows and often completely stalls.
Techies: This group of people are more tech savvy. They try to do new things. They usually pay
a substantial amount to try out new products and services. In any industry, they are the first mover
customers. They feel no risk of getting their money into losses. They do not look for reference
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groups. HungryNaki’s IMC should be improvised to attract this group. Through the new and
improvised IMC tools awareness will be created towards them. For our online store and online
medicine shop first, they will be introduced will key benefits targeting them.
Visionaries: Technology is the main key of Hungrynaki. Despite the fierce competition from the
rocket internet rival foodpanda in every way hungrynaki already made a name for their distinct
approach to customers. Their only priority is to deliver the best service to their customers. IMC
should think of the other alterations in this segment.
Pragmatists: Pragmatists are people who think practically. Their primary deal is motive.
Pragmatists work as different reference groups as well. They look out for value for money all the
time. To fulfill IMC (Integrated Marketing Communications) every enterprise should keep in mind
about the pragmatists. HungrNaki should ensure best value for money for the pragmatists.
Conservatives: This group of people stay back a little compared to the other groups. They take
decisions on the basis of review of pragmatists. Pragmatic customers should be prioritised and
served properly, then conservatives will automatically come forward to avail our new online store
and online medicine delivery services.
Furthermore, in Roger’s Perspective, the main differentiating factor is the readiness of the audience
to accept technologies. Our goal is to take our disruptive idea into the mainstream. For this reason,
we believe it will be wise to target Innovators and Early Adopters for our new offerings. A wide
number of Early Adopters turns into a wide number of Early Majority.
Innovators: This segment of audience is willing to adopt new perspectives. They like to try the
bumpy ways and love new trendy innovations. As people go along with trends nowadays even if
it costs a little more. They happily accept the new changes.
Early Adopters: This segment of people are the opinion givers. They try out new things and
review them. They try to influence people both in positive and negative sides. They set trends in
society. They can intensify different aspects of services. They will most probably like our new
services.
Early Majority: This segment of people are average risk takers. But they need reference from the
early adopters who have already availed our new service offerings.
Late Majority: This segment of people usually do not like taking risks and they tend to accept
new alterations once it's accepted by everyone around them. They also research reviews and
testimonials before taking services. Old services usually attract them the most as reviews already
exist but new products are accepted once it’s accepted by others.
Laggards: They are highly constant in terms of getting existing services from the companies. They
often are forced to break the traditional method of getting services. As they are older fashioned in
terms of availing services. We’ll try to convert them as our customers as much as possible.
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1. Bowling-Alley Strategy: We are targeting visionaries and techies for our expansion. Our aim
is to maintain our WOM (Word of Mouth) marketing and induce organic reach among the
consumers and customers as much as possible. We should also create as many testimonials and
reviews as we can. We will start with mass segmentation as our target is to tap into rural and
suburban areas within 64 districts of Bangladesh. Our bowling market will be targeted
according to household income. The two major categories are 15,000 BDT -50,000 BDT &
above 50,000 BDT.
• Online Store
• Online Medicine Store
Promotion-
Social community
· Social Media
2. Invasion Force Strategy: We realize that to convert pragmatists we need to earn their trust
and value. For ensuring value and trust for products and services HungryNaki can partner with
big established brands. With proper collaboration of the invasion force strategy HungryNaki
services can skyrocket in no time.
· HungryNaki + Superstores (Swapno, Meena Bazar, Agora, Unimart): We can connect with
the superstores to provide all the necessary essentials in due time. This will help our brand to have
access to everything our customers are looking for right in one place with fast delivery. Through
this co-branding, we plan to create a better everyday life for our customer.
We can collaborate with Lazz Pharma, Tamanna Pharmacy, Springwell Pharmacy and with other
famous pharmacies. So, they can offer their pharmaceutical products to our customers. These
pharmacies have large distribution networks over the country. They will offer distinguished
products to our customers. The customers will get significant offerings from these pharmacies. All
the necessary pharmaceutical items will be catered to our customers. The goal is to make win-win
partnerships for all the stakeholders through co-branding. They will take off the inventories and
we’ll take care of the packaging and intense delivery channel.
We can collaborate with different branded hospitals for better service provision to consumers and
customers. Hospitals can provide additional support of online medical check-up, doctors,
emergency medicine support. We can collaborate with the hospital's team and use this partnership
to leverage co-branding benefits and develop efficient services.
We can collaborate with the local grocery stores to gather the maximum amount of market shares.
Usually people tend to order groceries from the nearest grocery stores. So, if daily needs grocery
items are available online, people will buy it for their convenience. Users of HungryNaki will
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prefer it in terms of getting the product delivery faster. Local stores will take care of the inventory
and HungryNaki will take care of the delivery. By doing partnerships with the local grocery stores
HungryNaki will gather many new customers. Also, through these partnerships, HungryNaki will
reach the untouched market of superior online shopping experience.
Personalised Profiles:
Fully customizable individual profiles for personal grocery preferences, medicinal choices, health
options and alternatives will help consumers to get convenience and flexibility over the usages of
apps and websites.
Better development of apps with newer toggling options and features will enable users to have a
very easier and better experience all over the country. The app and websites UI and UX will be
developed in such a manner that it becomes convenient for the consumers and customers daily
usage.
Relationship marketing strategies
Relationship marketing is a strategy that is carefully designed to ensure customer loyalty,
satisfaction, long-term engagement, and interaction. It is designed in a way that customers' needs
and interests are satisfied as it promotes open communication with customers. Hungrynaki has
been in the food delivery service for quite some time. After doing market research they can work
on segments that will target new customers. As loyal customers are important for any business.
They need to satisfy their loyal customers and have to attract new customers.
contactless method and another one is “home delivery.” That means Hungrynaki will have
different options for the user. Users are getting the flexibility of choosing from multiple options.
One to one/1:1 Marketing: Hungrynaki can do market research to know about their target market.
By collecting online search information and using the Facebook insight, the Instagram insight they
can know the interest of users to show content and advertise according to their interest. Hungrynaki
will give special attention to the customers. According to the behavior of their customer, they will
try to connect them. For example, the barber of the saloon we visit regularly knows which haircuts
we want.
Permission Marketing: Discount will be given to customers based on their special days like
birthdays, anniversaries, etc. The data will be collected from the app. They will collect information
about birthdate and marital status when a user creates their account in Hungrynaki. There will be
a consent option. They will take information only if users give their permission to take it. This
information can be used for email marketing or for offering promo codes. In the birthday week of
the user, they will get a promo code ‘Birthday Bash,’ using that their customer can avail 80TK off
on order above 680TK. On Valentine's day, we are suggesting not to leave single people behind
and to give special offers for them. They can provide a 10% discount on every order for single
people on valentine's day. There will be an option that after every 12 orders users will get a 12%
discount on the next order. Users can sign up for the loyalty program of Hungrynaki. They will
analyze in which time their customer is ordering and when they aren’t. Based on their consumption
time and type the Hungrynaki will show items to them. Also, by the following consent, Hungrynaki
customer care agents can call the customers and talk about offers that will be only for them.
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• Storytelling: To make the experience interacting with customers Hungrynaki will encourage
customers to share their experiences with the hashtag “#nothungryanymore” and one lucky
winner with the most detailed review of Hungry’s delivery experience will get a voucher worth
300tk that they can avail from Daraz app for products worth more than 1200.
• Contest: Hungrynaki can offer some contests or hashtag challenges on Facebook, Instagram,
or TikTok. For example, to win a smartphone. On social media platforms like Facebook,
Instagram, there will be interactive content and they will announce contests monthly where
one lucky winner will get a promo code “khelahobe100” for 100 TK off that can be applied on
any order above 700. Hungrynaki and Daraz, in collaboration, can do online events like “Daraz
11:11.”
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• There is no limit to how long a single user id can keep the code; the code is created each
and every time the survey is completed.
Strategies to convert customers from ‘Iron to Gold’ and then ‘Gold to Platinum’
Lead Customers into Iron Customers:
There is no reason to spend extra for them as they are already familiar with our services. They will
receive notifications through app- an automated message through emails, Facebook or a simple
message on the phone.
Iron Customers into Gold customers:
There are numerous ways to turn Iron customers into Gold customers. This includes finding out
what is most important to the iron customers and not accepting that it is the same thing that's
imperative to Gold customers--and at that point going to the particular variables that drive the iron
customers' fulfillment and behavior. HungryNaki should do intensive research on their
performance so that they can gain more customers and implement on it. When a customer orders
from them, for their next purchase they can give discounts or the delivery charge can be free so
that in the future they can use this offer and return to us. HungryNaki will also create emotional
and humorous content which will create emotional benefits for the customers along with functional
benefits.
Gold customers into Platinum Customers:
The most important requirement for turning Gold customers into Platinum customers is to fully
understand them and their individual needs. With an business-customers firm and a dedicated sales
force, this need is often met because the salesperson knows the business well enough to stay
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constantly in touch with the customers and to anticipate their needs. HungryNaki can give out
discounts in special occasions and also some offers from time to time to their customers so that
they have a reason to come back.
Offensive Implementation
Strategy
Flank Foodpanda, being the market leader currently operates in almost every
Attack district in Bangladesh. Alongside, Pathao food is also expanding its
operations outside Dhaka. Efood with its parent evaly has a wide
established network outside Dhaka and will look into expanding as well
very soon. They are covering many restaurants in these rural cities but
they could not reach many locally famous restaurants and hotels in these
cities. However, as the prime focus for most of these established
competitors are centrally and they are competing with different strategies
here thus they are not focusing on rural areas heavily. Taking this blind
spot or a current existing weak point of competitors in mind,
HungryNaki can tap into the rural market and try making it one of their
core competencies with time. They can partner up with as many local
restaurants and hotels in these places to gain mass popularity and sales in
these regions. For instance, Sylhet’s “Pach Bhai” restaurant is very
popular locally and they have no online presence, getting them on board
and partnering up with them will create a massive response in those
areas. As Daraz(Alibaba group’s largest e-commerce Bangladesh) is one
of the largest (currently second after evaly but very recent market leaders
in e-commerce for the past few years) already has a wide reach
throughout the country with its wide delivery network in 64 districts in
Bangladesh, it will be easier for HungryNaki to tap into this flank attack
strategy. While tapping into these local markets, HungryNaki must keep
in mind its TG (Target Group|) and design its app and user interface
likewise as the rural area people need easy to use experience. They can
take great examples from fintech brand rocket and teleco brand Robi as
P a g e | 39
they used this flank attack strategy to tap into rural markets and
successfully became strong market shareholders in those places.
Alongside, they can partner up with many local restaurants in urban
areas as well which are often overlooked by other competitors because of
their lack of online presence. If implemented properly, this strategy can
skyrocket for HungryNaki.
Defensive Implementation
Strategy
1. Divesting Firstly, HungryNaki will cut down all the unnecessary setups in the
Strategy company which is irrelevant for the business in the current scenario.
Being the first mover of the food delivery industry, it had created many
investments in the industry which are overtaken by other market entrants
and competitors with time thus closing down of those resources and
teams can help HungyNaki focus more on its current core competencies.
A large amount of monetary investment is associated with this and thus
P a g e | 40
this strategy will save a lot of the cost for HungryNaki and make the
operations more efficient and effective. On the other hand, HungryNaki
will focus on its core competency. It will expand its operations in the sub-
urban and rural areas of Bangladesh. More acquisition of new customers
will take place. More customers will gather more revenues for the
company. The people of suburban and rural areas are still deprived of
food delivery services. New customers will be introduced to the food
delivery services and the market will slowly expand. Being first movers,
HungryNaki will position them as initiators everywhere which will gain
them mass popularity again. Furthermore, Bangladeshi people and market
is price sensitive. They decide to buy products or services mainly based
on price mostly. HungryNaki will give insane levels of discounts on food
on their platform and ensure value for money for their customers. This
step will increase the number of customers. After the preliminary stage,
suburban people will be habituated with the food delivery services. Then
the discounts can be cut down slowly and the effectiveness and efficiency
of this strategy can be measured thoroughly.
Strategic Graph of competition of HungryNaki and other food delivery services brands
P a g e | 41
In the food industry, Foodpanda is the market leader in providing high-quality services. Besides,
their price range is also high. Pathao Food also provides a high level of service to the customers
and their price is comparatively higher than their competitors. Efood being the new entrant
provides high service quality with lower prices and Kludio on the other hand runs on a small scale
with very low price and high service quality. On the contrary, the current scenario of HungryNaki
is of low service quality and higher price and Shohoz food’s service is a bit better but it still
provides lower service quality with a high price. Considering the current situation, HungryNaki
needs to work a lot on their market and services to create a better perception in the eyes of the
consumers and customers.
P a g e | 42
References
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P a g e | 44
Appendix:
Name: Md. Raihadul Hoque
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 4;5 ___________
(Round average for each group member to two decimal places, e.g. )
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 5 ___________
(Round average for each group member to two decimal places, e.g. 4.
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 5 ___________
(Round average for each group member to two decimal places, e.g. 4.25)
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
3. Shared responsibilities 5 5 5 5 5 5 5
and did not try to take
charge inappropriately
effort
6. Communicated thoughts 5 5 5 5 5 5 5
and feelings effectively
P a g e | 49
5.00
5.00
5.00
5.00
5.00
5.00
5.00
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 5 ___________
(Round average for each group member to two decimal places, e.g. 4.25)
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 5 ___________
(Round average for each group member to two decimal places, e.g. 4.25)
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 5 ___________
(Round average for each group member to two decimal places, e.g. 4.25)
Carefully evaluate the performance of each member of your group, excluding yourself, over the period of the group
project.
effort
The average for this person (1 to 5): 5 ____ ____5__ _5_______5____ 5 ___________ 4 ___________
(Round average for each group member to two decimal places, e.g. 4.25)