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Market In 2019, Pizza 4P's chain achieved a revenue of 749 billion VND, while The Pizza
Company achieved more than 617 billion VND, up 21.8% and 24% respectively. Joining later
in this group, Pizza 4Ps also continued to break the gap when recording revenue of nearly VND
570 billion, up 34%.
Although 2021 is a bit difficult due to the Covid 19 epidemic, Pizza 4Ps has collected 30 billion
VND in 8 months after developing a website system and delivering door to door delivery.
2.6.2. Indirect Competitors
Fast food chains such as KFC, Popeyes, and Burger King sell different items than Pizza 4P's,
yet they all cater to the same client base. They have the advantage of having entered the
Vietnamese market early, which means they already have a dedicated client base, therefore
when it comes to fast food, fried chicken and hamburgers are always first. Consumers, on the
other hand, are increasingly turning to alternative products and services. This is an opportunity
for Pizza 4P's to expand their market share.
HÌNH
SSECTION 3: TARGET CUSTOMERS ANALYSIS & POSITIONING
STRATEGY
Geographic: Pizza 4P's chooses to operate in heavily populated cities like Ho Chi Minh City,
Hanoi, Da Nang, Hai Phong,....
Demographic: With pricing from 25,000 to 500,000 VND per serving, Pizza 4P's is intended
at people aged over 8 who have a medium to high income.
Psychographic: The bulk of Pizza 4P's consumers are people who live a modern lifestyle and
appreciate trying new things; this lifestyle is conducive to Pizza 4P's routinely releasing new
taste pizzas. Pizza 4P's consumers are primarily students and office workers, with a
preference for meeting friends or families, who are members of the middle and upper classes.
Pizza 4P's has easily entered the Vietnamese market because to the proper selection of target
customer, the right approach, and the right taste of Vietnamese people. To attract a larger
upper-class segment, our team will create new strategies to "attack" them in this essay.
Pre- Need arousal Society is evolving, the need to experience the service is
purchase not simply eating enough, but also more than that. They
stage were curious as to what it was at Pizza 4P’s that attracted
so many people to it. As a result, people will consider the
need of experiencing the service at Pizza 4P's.
Unlike other businesses, Pizza 4P's positions itself as a fine-dining restaurant chain rather
than a fast-food restaurant or pizzeria.
Achievements: Despite the scale of only 24 restaurants, not as big as other competitors such
as Pizza 4P's (90 stores) and Pizza Company (70 stores), Pizza 4P's revenue far exceeds its
competitors, achieving the figure of 570 billion VND in 2019 with a profit of more than 50
billion VND after 5 years of operation.
To position itself in such a position, Pizza 4P's has "taken care" very carefully in every stage
of its service.
- Pizza 4P's has no concept of pre-made and reheated cakes. The cake when placed in front of
the customer is always a cake that has just come out of the oven and still has the aroma of the
new dough.
- The pizza base must be kneaded by hand to reach the desired thickness.
- The taste of food at Pizza 4P's combines Japanese and Italian cuisines.
- Pizza 4P's also produces its own cheese. The entire cheese-making process is completely
handmade, just like the French tradition.
Facilities: The restaurant is always located in good locations. The restaurant has a luxurious
but unique design. Each restaurant has its own style, idea, and story.
Simultaneousness between production and consumption: Pizza 4Ps only makes a pizza when
the client arrives, and they can't establish a service without the customer's involvement.
Customers are both consumers and active participants in the development of services.
The decisiveness of the human factor in the process of creating services: Employees, in addition
to clients, play a vital role in the service delivery process.
Perishability and non-storable: Pizza 4P's products are easily damaged if not stored properly
because production and service consumption occur at the same time.
Difficulty in quality control: Customers cannot foresee quality in advance due to the unique
nature of the service business, and can only truly sense it through consumption.
Seasonality: Customers have to go to school and work throughout the day, so there are normally
less customers at Pizza 4P's outlets during the day. The time window with the most customers
will be in the evening.
Superficiality: Customers' evaluations and feedback on service quality are influenced by the
attitude and working style of each employee as seen from the outside
Pizza 4P's core product is to provide food and beverages, particularly pizza, to diners and
potential consumers. The 3 things that make Pizza 4P's core products different from existing
brands on the market are: “House-made cheese”, " Farm To Table" and "Omotenashi" -
The Spirit of Japanese Hospitality
→ For this marketing plan, we will still keep the core product and the above difference of
Pizza's 4P restaurant service. Based on these distinctions, our team has created the
"Premium Chill" menu, which is targeted to the high-end consumer niche includes 3 main
services. Pizza 4P's will be able to sell not only limited-edition pizzas, but also allow
customers to "personalize" their pizza by choosing all of the ingredients. As a consequence,
meals will take longer, allowing customers to enjoy more comfortable "chill" time. As
either a result, this meal is also served in a different, more opulent setting. In addition, to
accommodate the post-pandemic situation, Pizza 4P's will provide new frozen pizza items
and side dishes based on the menu.
+ Information: Currently, Pizza 4P's has set up a system to provide detailed information
about their services, such as their introduction, their schedule/service hours; menus and
related prices, store locations, contact phone numbers, and how to book a table online;
online delivery through all means. Pizza 4P's will leverage short video platforms like
TikTok, Instagram's Reels, and Youtube's Shorts to give information.
+ Order-taking: The staff will need to understand the products, menu differences, and
pricing. Therefore, each employee will be able to comprehend this via an internal app,
and clients will have access to an app for purchasing food via internet platforms such
as Zalo or Messenger.
Hình 3
+ Billing: Pizza 4P's offers smart tablets with menus and prices to make it easier for
consumers to keep track of their orders. Customer information, service time and
location, and expense data will all be included on invoices. In addition, 4Ps can send
out more electronic invoices to make payments easier.
+ Payment: Pizza 4P's accepts a number of payment methods, including cash, vouchers,
and electronic wallets such as Moca and MoMo.
+ Consultation: The staff at Pizza 4P's is well-trained, knows the recipes, understands
the ingredients, and is familiar with the menu's usual dishes thanks to the use of the
"Premium Chill" menu. From there, they can offer suggestions so that customers can
pick their own toppings while still feeling satisfied.
Pizza 4P's has had a distinct food sales channel called Boxes 4P's for a long time. Pizza 4P's
offers its cheese to Horeca (restaurants, hotels...), a few mini grocery chains, and on Box 4P's
in addition to restaurant use. Box 4P's model has been transformed into Pizza 4P's Online Store
in order to improve. Furthermore, Premium 4P's will continue to develop and reproduce the
Pizzaland brand and also “Beer for Peace” brand. We can see that 4P's uses the “House of
brand” brand technique after this. The logo of the main brand, Pizza 4P's restaurant, has been
reused since the name of Box 4P's was changed to Pizza 4P's online.
Pizza 4P's will add a new brand, Pizza 4P's Premium, to further broaden its offerings. Pizza
4P's Premium specializes in providing luxury and high-class restaurant services based on pizza
products. The new brand name keeps the title Pizza 4P's and simply adds the word "Premium"
to make it easier for customers to recognize while still offering the same features and benefits
as the primary brand. Since then, 4P's has hoped to see more smiles on customers' faces and to
bring peace to the globe.
Pizza 4P's is targeting a group of customers with a good or higher average income.
As a result, it is possible that product prices fluctuate higher than in the previous segment
with above-average levels, specifically:
In order to provide a reasonable price that is affordable to customers Pizza 4P's reviewed a
price proposal based on three factors:
- Cost-based pricing:
Pizza 4P's always tries to upgrade its quality and services such as: self-producing dairy
ingredients such as cheese, building a cooperative relationship with Thien Sinh farm -
ensuring vegetables are always fresh, So, The production cost is quite high, so the price is
higher than the average, but the product quality is always guaranteed and the best service for
the target customer segment.
- Value-based pricing (Customer-based pricing) :
With the goal of spreading happiness and positive energy through its services, Pizza 4P's
prioritizes pricing strategy based on product value and customer perception. Especially when
targeting the group of medium-to-high-end customers. Customers at Pizza 4P's want not only
delicious and safe products, but also accompanying services of a certain value, so they are
willing to pay more for products/ services that they believe are worthy of what that
product/service brings. Pizza 4P's pricing strategy also revolves around the perceived value of
customers:
The values that Pizza 4P's bring to consumers:
+ Using environmentally friendly production processes to reduce negative
environmental impacts. Using high-quality ingredients that are safer, grown on the
farm, natural, and free of chemicals. Thien Sinh Farm - Pizza 4P's partner - employs a
completely natural growing method. Pesticides and chemical fertilizers, on the other
hand, are not used. Create safe and high-quality manufacturing processes to protect
consumers and the environment.
+ Handmade cheese production that is both delicious and safe. Pizza 4P's does not
import cheese, but instead creates handmade cheese products with unique flavors that
are only available at Pizza 4P's.
+ Customers will not be bothered by the space's coziness and luxuriousness. Space set
aside for high-end customers who have all of their utility needs met. Interesting
design elements such as the waiting area, the VIP room, or the dining tables
overlooking the kitchen...
+ Professional and fast support services: ticket booking consultation via website or
phone number, quick delivery, convenient and diverse payment options, customer
event support...
+ Service that promotes thoughtfulness: enthusiastic consultants who embody the
Japanese spirit of "Omotenashi," or dedication demonstrated by the staff's thoughtful
actions.
- Competition-based pricing
If consumers do not perceive a difference in value between products and services, they will
tend to select the cheapest option for themselves. Pizza 4P's products are more expensive than
competitors'. This distinction stems from the higher value that Pizza 4P's products and
services bring to a new higher segment, a different value compared to competitors, by
improving customer perceived value.
Unit: VND
Course Pizza 4P’s Al’s Pasta Buzza Pizza 4P's Domino’s
Fresco Paradise Pizza Pizza
- For Pizza 4P's, the company uses a variety of pricing methods and pricing strategies to
maximize revenue and bring value and benefits in line with the prices that customers pay.
- To manufacture a product, a certain amount of money must be spent. However, because of
the intangible nature of the service, cost measurement becomes more complicated for this
type of service. As a result, in order to easily measure costs, Pizza 4P's employs a
measurement method based on Activity-based costing (ABC management system), which
approaches each step in the service delivery process and provides cost statistics for each step
- Based on the evidence, the Pizza 4P's choose one of the primary pricing strategies: Customer-
Based Pricing. Strong market brand awareness, and pricing that is possibly slightly higher.
Beside, the quality and safety of the product will be guaranteed in proportion to the customer's
payment.
- The product is considered innovative. The slightly higher price not only emphasizes the
product's features, but it also prevents other competitors from entering the new segment. To
entice new customers, offer preferential prices, express gratitude, and offer cost-effective
product packages.
In the Pizza 4P's product supply cycle, it is necessary to pay attention to 3 main flows:
Information and promotion flow, negotiation flow and product flow.
- Information and promotion flow: attracting customers mainly through online channels such
as: Website, Fanpage of 4P's and personal email of customers.
- Negotiation flow: encouraging customers to experience the service on both direct and online
channels by providing information, advantages of Premium services (products, space) and
preferential programs.
- Product flow: focus on exclusive distribution to main branches of Pizza 4P's
To reach potential customers, Pizza 4P's needs to exploit convenient locations such as near
residential areas, shopping centers, luxury apartments, and stable traffic. Pizza 4P's is using
direct distribution in some major cities through online and offline channels.
For the high-end product line, 4P's pizza will be distributed exclusively at prime locations,
first of all in Ho Chi Minh City. The districts can refer to: As districts 1, 3, 11, and 7.
Especially for Premium Pizza, exclusive distribution to the main store and no intermediaries to
ensure that high-end customers experience the product service in a complete and professional
manner, and at the same time convey the essence of the product. With this form of distribution,
customers can come to the place to experience the space, and at the same time be provided with
high-class additional services in addition to the store's products. Besides, upgrade service to
support remote table reservations for customers.
Realizing that potential customers are often free in the evenings, especially on weekends, Pizza
4P's will supply more ingredients and allocate resources at crowded branches.
Some similar development locations for Premium Pizza in Ho Chi Minh City:
184 Le Dai Hanh Street, Ward 15, District 11, Ho Chi Minh City
8 Thu Khoa Huan, Ben Thanh Ward, District 1, Ho Chi Minh City
To find new sources of income during the Covid 19 epidemic, Pizza 4P's pioneered in
building a sales channel through its own website. At the same time, Pizza 4P’s develops heat-
retaining batteries in paper boxes to ensure the most delicious and perfect cakes when
reaching customers.
Inheriting and promoting the potential of the online channel (revenue 30 billion VND, 60,000
orders/ 8 months) Premium Pizza can be mentioned on the web site's list of special dishes.
Accordingly, improving technology-enabled service delivery at Pizza 4P's:
● Customer care: support product information, record and handle feedback from
customers,... Premium Pizza product lines need more preferential policies and gifts
for potential customers. 24/7
● Website building: eye-catching design to provide information, and receive orders.
Through the web can control the inventory items. In addition, the website also
facilitates the collection of data and information-seeking behavior of consumers,
thereby marketing services through media such as Gmail, Facebook, … Adding
videos recording the journey of making Premium Pizza lines for customers to
visualize and attract more easily.
Apply shipping unit Ahamove and payment unit Momo to all products, including Premium
Pizza. Manage and ensure the delivery - receipt of pizza products, 24/7 fast shipping to ensure
time needs for customers.
To ensure a good image of products and service quality, stores that distribute products Premium
Pizza of 4Ps pizza need to be strictly controlled. Brand value can be controlled more carefully,
leading to additional service maintenance costs.
With Premium Pizza, the goal is towards safe, quality products and high spiritual value for
consumers in the upper-class segment. Premium Pizza of 4P’s is located in city center locations
to ensure to meet the needs of potential customers and build brand image.
To avoid overcrowding on holidays in Vietnam, Pizza 4P’s needs to arrange more waiting
rooms to create comfort for potential customers. In addition, it is necessary to arrange more
spacious and airy parking space for customers to conveniently move.
4P’s target customers are mainly from the age of 18 to 35, with middle-income earners and
above. They usually are young people, tourists, and family members who care about food
quality and experience.
4P's is "Omotenashi", which means the spirit of welcoming guests with all your heart,
showing the hospitality of the Japanese people. Omotenashi shows concern, and attentive
service to customers. The message of Pizza 4P's is to bring rich experiences to help each
customer who enters Pizza 4P's store to reap interesting and positive things. Pizza is the door
leading to a soul filled with complete relaxation. Positive energy is spread through the
culinary experience and 4P’s services.
● Advertising:
Social media: Premium 4P's will continue to use the advantage of customer files from ads on
Facebook, 4P's Website and improve more ads with more trendy, younger, and more interactive
content. to launch new menus as well as new high-end restaurant services. A short experience
video will be posted on the Youtube platform to ensure it attracts the curiosity and interest of
the young customer segment. "Pizza Bun Dau Mam Tom" is an example of the success of this
method. To make a difference for premium service, Pizza 4P's ads will link together like a
story. Each story will be associated with other high-end Vietnamese brands.
● Public relations
Pizza Making Workshop for school and family groups on National Children's Day
With the goal of sharing happiness through making your own pizza, we will continue to
organize a Pizza Making Workshop at Pizza 4P's for groups of students and families. and bake
Pizza in the oven. We will further develop this model for other holidays for couples, and
holidays for families to increase more "touchpoints" from service to customers.
Picture : Kids making pizza in the workshop
Besides that, we will sponsor scholarships for children orphaned due to Covid-19 to help them
choose a career as a chef in the future.
Pizza 4P's organized Paper return Programme
Customers can swap 3 boxes of Pizza 4P's for an appetizer such as salad, mixed veggies, etc.,
in addition to continuing the Jar return program. The program will be implemented on the direct
channel and exclusively through 4P's delivery service on the indirect channel. Its purpose is to
improve the brand's human image and the ethos of "Farm-To-Table."
● Sales promotion
Freedom leads to happiness
Every year on Vietnam Reunification Day, the restaurant will give a special Pizza for a group
of 3 or more customers. The purpose of this event is to celebrate the end of the Vietnam War
and honor the soldiers who served the country.
Sense of luxury - Pizza 4P’s premium
The goal of this strategy is to focus on the elite, making a difference from the usual service.
This group of people enjoys quiet spaces and exceptional services. Therefore, Pizza 4P's
premium will be designed more meticulously and delicately through high-class dishes such as
golden steak, golden pizza, lobster or Kobe beef. Customers will experience a professional
service style and a number of other privileges but in return a 5% service fee.
Your pizza - your choice
In order to develop the “ customers as co-producer” concept, we recommend that the brand
should let the customer design their own pizza. They are the one who chooses ingredients,
topping, make the dough, and design their own pizzas by combining sauce, cheese, and
different ingredients on the base. This program will attract curiosity and guests who like
experiences. It will create a widespread and unique communication effect to the public.
● Online advertising
Pizza 4P's reaches customers through social networking sites such as Facebook, and
Instagram.Detailed information about the program of organizing live baking sessions, new
dishes, campaigns, corporate awards ... is always specifically mentioned by Pizza 4P's on the
Website.
● Company’s website
Pizza 4P's uses its own website for a variety of communication tasks, such as showcasing the
brand, from ingredients and baking process to achievements and awards. Therefore, the website
is a very important channel, Premium 4P's will improve the following points:
+ The interface has a separate yellow-green color for the segment.
+ Improve user experience by using AI system for consulting and ordering.
+ Faster online booking system, allowing payment by bank link.
Service Outlets
Pizza 4P's applies the motto "Exchanging, Sharing Happiness" in a space that brings a sense of
Vietnamese culture. To give clients a nice experience when approaching the open kitchen
space, which serves as the restaurant's main highlight, maximize the landscape view.Another
factor is the company's reputation for its style and ingredients, they use organic fresh vegetables
and fruits. Things to do to show “Pizza 4P’s” in the interior design of the new store “The
Emporium”.The purpose is to create an open and relaxing environment to enjoy clients’ time
at 4P’sThey used indigo as an accent color as a symbol of respect for both countries. Adopting
brass as a highlight, the glossy feel of the metal specifically tightens the space and incorporates
elegance as an element.
Frontline Employees
Because of the increasing demand for clean food from customers, Pizza 4P's expanded and
distributed ingredients to prestigious hotels and restaurants.
All products are made in-house under strict management to ensure the quality.
Pizza 4P's has also given a number of additional services to enhance, including self-deploying
delivery services without the need of a third party to ensure on-time delivery, developing an
online ordering platform, and providing delivery services.
● Word of Mouth
Pizza 4P's stores mostly do not advertise but attract customers through word of mouth and a
good reputation. The word-of-mouth effect, the trust of diners, and the curiosity of those who
have not tasted this "mythical" pizza have made 4P's a phenomenon.
Blog is also a type of WOM, Pizza 4P's marketing is interested in blogs evolving as a new form
of social interaction on the website. Currently, on Youtube, there are many bloggers who like
to post reviews about the food and service at Pizza 4P's restaurant that they have experienced
and directly felt that also brings a lot of attention from the audience. Premium 4P's will make
good use of this to reach young successful customers with three main keys: beautiful images,
trendy content and a famous social networking platform.
e.The role of Corporate Design Service
Looking at Pizza 4P's restaurant, we can see the unique restaurant design with modern
neoclassical architecture and a hint of antiquity, decorated with nostalgic colored rustic wall
tiles impressive.4P’s restaurants use a unified and distinctive visual form for all logical
elements to facilitate recognition and reinforce the desired brand image.
Reference: Pizza 4P’s News and Media https://pizza4ps.com/news/338/
How the Team Behind the Iconic Pizza 4P's Brand Plans to IPO by 2020
https://vietcetera.com/en/how-the-team-behind-the-iconic-pizza-4ps-brand-plans-to-ipo-
by-2020
Service process plays a pivotal role in the service marketing plan which ensures the service
will be delivered to the customer.
Act 2: - The staff will give the menu - The staff leads guests to - Customers may spend a
Delivery of to the guests politely, the wrong table they long time waiting for
the core introduce the dishes, set booked in advance. staff to order, waiting for
product menus to ask customers if they their drinks and dishes
have any allergies, and allow due to a large number of
customers to choose the -The order may have errors orders.
ingredients they like. such as staff forgetting the
- Take notes of the dishes that order, and getting the - It is possible that the
the customers have ordered. wrong item. estimated time of the first
- After that, the order will be customer's meal will
sent to the kitchen to make the exceed the time of the
dishes. next customer, if the
- If the customer orders a number of guests is
drink, the staff will bring it and large, there will not be
pour it for the customer. enough tables for the
next customer, causing
the customer to wait.
-
Act 3:The - When dishes have been - Food quality is not - It is hard to avoid errors
drama brought to the table, the staff guaranteed due to some in the process of
concludes will serve customers the best problems in the kitchen. receiving orders, the staff
they can. Worst of all, customers may bring the wrong dish
report discovering strange and customers have to
- Finally, when the customer things in their meals. wait to change the dish.
has finished eating and want to
pay for the meal, usually many - Staff carrying food has - Customers have to wait
of the customer's expectations not been ready, spilled. when using other
will be mentioned in the services: toilets, ....
following factors: - Each person has a
different taste in food, and - The payment process
- Clear payment invoices, it is impossible to control may take a long time.
ensuring accuracy from the quality of the dish at
cashiers, politely delivered by each branch.
staff at the fastest time to
avoid waiting for customers. - In the Bill stage: the
number of items in the
- Thank customers sincerely, invoice can be mistaken or
resend the card (when the delayed.
customer pays by Customers
may use the toilet afterward so - Toilets are not checked,
the toilet must always be full and cleaned regularly.
of paper and clean
- Problems when paying via
card and problems in the
guest car park.
Picture : Act 1 Prologue and Introductory Scenes
Act 2 Delivery of the core product
- Cognitive: They develop confidence in the quality of dishes with fresh ingredients.
Everything in the dish is carefully, professionally and delicately made to suit the taste
of even the most demanding customers.
- Emotional: Customers feel comfortable and relaxed with the surrounding environment.
They feel stimulated when sitting and watching pizza being created directly and the
feeling of waiting to enjoy it.
- Psychological: The warmth and friendliness of the staff make customers comfortable
and easy to make requests.
a. Ambient conditions:
Music: Soft instrumental music creates a pleasant atmosphere.
Temperature: The temperature in the restaurant is not too cold which create comfort for guests.
Noise: 4P’s restaurants are usually separate space away from the noise outside and the hustle
and bustle of the urban area. This has created a tranquil and relaxing space.
Scent: There is a slight aroma from the dish when brought out.
Color: Although there are many branches, 4P's branches are always dominant with the natural
wood design combined with light brown and light yellow tones, creating a friendly, bright
space.
Pizza 4P's has to create a service scenario that focuses on the "details," and the crew must be
observant to capture the customer's psyche from the moment they enter the restaurant until
they leave. Supporting clients with the tiniest items like hair bands, wet wipes to clean phone
screens, bags for personal possessions, aprons, and so on, even if they don't ask for it, will
make a lasting impact in their minds. This demonstrates the staff's concern and enthusiasm
for its customers.
In addition, staff with health knowledge will more easily help customers choose dishes.
Instead of just recommending the dishes that Pizza 4P's has, the staff can ask about the
customer's health status or diet and then recommend reasonable pizzas.
The benefit of having fewer branches is that easier to manage. Currently, each Pizza 4P's
restaurant has its own website, which assists customers in better understanding that restaurant
through information and photographs on the web, resulting in fewer ordering and creating
table problems, making it easy for the staff to serve their customers.
Pizza 4P's has made great efforts to establish a comfortable working environment for its
employees so that they do not have "phony customer service smiles" or the ambiance is too
quiet and too "employee-customer"
Customers are crucial in the F&B service industry, but employees are equally important
contributors to success.
Hire the Right People Pizza 4P's must have the following to be able to hire
competent employees:
Enable Your People Pizza 4P's has a "From farm to table" concept, which
means that employees are not only taught professional
skills but also can tour and practice at the restaurant's
agricultural farms. This will assist personnel in better
understanding the food production process as well as the
challenges of growing clean veggies, allowing them to
appreciate food more, reduce food waste, and explain to
other diners about the dish's components.
- Conflict situations.
Motivate and Energize To make employees excited about their job, Pizza 4P's
People must:
product
DL MÔN: 4/5