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A05E Number1 FinalReport
A05E Number1 FinalReport
A05E Number1 FinalReport
1. Our product:
This report focuses on the product development process from the initial idea to achieving
success with impressive revenue during the 3-day "Lanh" event. Throughout this process,
we have created a total of 3 main products.
Product 1: Spaghetti with vegetable sauce
Product 2: Plant-based Bun Cha
Product 3: Kumquat tea
3. Our Team
Our team is formed by 5 representatives from different departments within the company.
Each member of the team has specific roles and responsibilities, accompanying each stage
of the product development process. We believe that clarifying the roles and obligations of
each team member is crucial to minimizing risks within the team. To ensure efficiency and
optimal coordination, we apply the RACI method (Responsible, Accountable, Consulted,
Informed). This is a responsibility management approach that helps define the roles and
responsibilities of each member in the work process.
The "Responsible" role identifies the person directly responsible for specific tasks and
activities in each stage of the product. They are accountable for executing and completing
the work as required.
The "Accountable" role is the ultimate responsible person for the success of the product.
They ensure that all tasks are performed on schedule, meet the quality standards, and
achieve the set objectives.
The "Consulted" role refers to individuals who are consulted and requested for input during
the decision-making and task implementation process. Their advice is significant in making
accurate decisions and ensuring consensus.
The "Informed" role includes individuals who are informed and provided with information
about the progress and results of the product. Although they are not directly involved in
task execution, they need to be informed to understand and make appropriate decisions.
By applying the RACI method, we ensure clarity and transparency regarding the roles and
responsibilities of each member of our product team. This helps us enhance coordination,
increase productivity, and effectively achieve product development goals.
1. Opportunity statement
Project type: New product
Situation: Stemming from concerns raised by students, professors, and staff members of
UEF University, there is dissatisfaction with the hygiene standards of food vendors near
the campus gate. The food often contains excessive oil, grease, and seasoning. Ordering
food through mobile apps poses challenges as it requires going downstairs to collect the
order and involves long waits for elevators. Due to time constraints, individuals are unable
to prepare nutritious home-cooked meals, yet still desire to consume balanced, healthy, and
nourishing food options.
Solution: Understanding the concerns of the individuals involved, our team has conceived
an idea to provide a convenient, wholesome, and environmentally friendly dining
experience.
Competitive advantage: By promoting a green lifestyle, we aim to attract individuals who
prioritize environmental sustainability and prioritize their health.
Preliminary estimation: Over a period of three days (October 11-13), we anticipate
generating a minimum revenue of 2 million VND. The sales team will consist of five
members and additional investments will be made for items such as kumquat tea, wooden
chopsticks, posters, ice, and paper cups, totaling approximately 400,000 VND.
Decision: We will seek input from our guiding professors and proceed with the
implementation of this opportunity.
III. The market environment for product
1.1. PESTEL:
Political (P):
The National Action Plan for Transparent, Accountable, and Sustainable Food
System Transformation in Vietnam by 2030 (referred to as the Action Plan) requires
food and beverage (F&B) producers and suppliers to provide clear information on the
origin, production process, ingredients, and quality of their products. Additionally, F&B
businesses must adhere to standards and regulations regarding resource management,
environmental protection, and climate change adaptation. Companies may need to adapt
and implement measures to ensure the sustainability of their operations. The Action Plan
also opens up opportunities for business development and expansion to meet consumer
demands for food safety and nutrition, creating a stable and reliable business environment
for F&B enterprises.
=> O1: Businesses meet the criteria of the Action Plan
Reduction of Value-Added Tax (VAT) from 10% to 8%:
In practice, in the context of inflation, the impact of increasing VAT and prices in the F&B
industry can have complex and difficult-to-control effects. Some of the impacts can be
listed as follows: Increased consumption capacity: When the value-added tax (VAT)
decreases, the cost of F&B products will also decrease. Along with good inflation control
in Vietnam, this can motivate consumers to spend and consume more. The F&B market
will become more attractive due to lower prices, potentially increasing consumption and
sales volume in the industry. Investment and expansion incentives: The reduction in VAT
can create a more favorable environment for F&B businesses to invest in and expand their
operations. With reduced production and business costs, companies may have greater
financial resources to invest in upgrading infrastructure, expanding store networks,
improving product and service quality, or enhancing marketing and promotion activities.
=> O2: Encouraging consumers to spend and consume more
=> O3: Reducing the cost of imported raw materials
=> O4: Using the saved money for more beneficial investments
=> O5: Alleviating financial pressure on consumers
World political situation is volatile:
The CEO of JP Morgan Chase stated, "The conflict in Ukraine combined with the recent
attacks on Israel could have far-reaching implications for the energy and food markets,
global trade, and geopolitical relationships. This may be the most dangerous time the world
has seen in decades." This indicates that wars can have a significant impact on the F&B
industry in Vietnam, including Decreasing consumer demand: In times of war, uncertainty
and concerns about the future can reduce consumer confidence and purchasing power. As
a result, consumers may choose to cut spending on dining out and entertainment to alleviate
financial burdens. Furthermore, the impact of the unstable world political situation creates
an uncertain and unpredictable market outlook. Food and beverage businesses need to
adapt to market fluctuations and changes. This may require developing new strategies and
approaching new markets to overcome challenges and seize opportunities.
=> T1: Uncertain and unpredictable market conditions
=> T2: Continuous updating to adapt to market changes
=> T3: Consumers still have a skeptical mindset due to the impact of the world situation
Economic (E):
The inflation situation in the second half of 2023 is expected to show a decreasing
trend.
The Consumer Price Index (CPI) chart for the months from the beginning of the year until
now indicates a gradual decline in inflation compared to the same period last year. The data
shows that the CPI in January recorded the highest increase at 4.89%. However, from then
until June, this index decreased to 2%, and in July, the growth was only at a low level of
2.06%. There are several key factors contributing to this decreasing inflation trend. One of
the important factors is that domestic fuel prices have decreased following global prices.
Therefore, it is evident that inflation is tending to decrease in the last six months of 2023.
The decrease in inflation can have several positive impacts on the F&B industry in
Vietnam. Here are some key effects:
● Increased investment and expansion opportunities: When inflation is controlled, the
business environment becomes more stable and reliable. This can create more
favorable conditions for F&B businesses to invest and expand their operations.
Businesses can easily access investment capital, mobilize resources, and develop
new projects, including expanding production scale, distribution, or expanding store
networks.
● Enhanced access to financial funding: In a stable and less volatile business
environment, financial institutions (such as banks and investors) may tend to trust
and provide financial funding more easily to F&B businesses. This can help
businesses strengthen their financial capacity, invest in technology, improve service
quality, and expand their operations.
● Reduced caution and concerns of the population: When inflation decreases, people
tend to trust the government and have expectations for the stability and development
of the economy. This can reduce people's hesitations and worries about their
economic and personal financial situation. Instead, people are more willing to spend
without excessive concerns about saving, and they may seek new experiences in
enjoying food and beverages. This can lead to increased sales and growth in the
F&B industry.
Furthermore, there are additional implications:
=> O6: Decreased interest rates for business loans
=> O7: More stable business environment in Vietnam compared to the global situation =>
O8: Increased ability to persuade investors O9: Reduced caution and concerns of the
population
=> T4: Excessive reduction in inflation may cause economic recession.
The F&B industry in Vietnam has tremendous development potential.
In 2023, the F&B sector in Vietnam is expected to continue its strong growth, reaching
revenues of nearly 610 trillion VND, an increase of about 18% compared to the previous
year. Despite the forecasted difficulties in the economic outlook for 2023, Euromonitor
predicts that the F&B market value will increase by 18% compared to 2022. After a
prolonged period of social distancing due to the pandemic, the demand for F&B products
has rebounded strongly. This demonstrates the interest and preference of consumers for the
F&B industry. Businesses in the industry have undergone various fluctuations and adapted
to meet the new market demands. Based on the strong growth and recovery of the F&B
sector, forecasts indicate that this industry will continue to develop at a steady pace.
According to Euromonitor, by 2026, the F&B market value is expected to reach nearly 1
million trillion VND (938,305 trillion VND). This demonstrates the potential and
development opportunities in this field.
=> O10: The F&B industry still has significant potential and stable development.
=> O11: Users are still interested in receiving new products.
Average income of workers:
According to the "PRESS RELEASE ON THE LABOR EMPLOYMENT SITUATION
IN Q3 AND 9 MONTHS OF 2023," the average monthly income of workers in Q3/2023
is 7.1 million VND, an increase of 6.8%, corresponding to an increase of 451 thousand
VND compared to the same period last year. This income level may be sufficient to live in
small to medium-sized provinces and meet basic daily expenses, as well as to save a
portion. However, if workers live in major cities like Hanoi and Ho Chi Minh City, this
average income level will be relatively low. The income of 7.1 million VND may meet
basic needs for some people but may not be enough for areas with higher living costs or
when facing special expenses. Therefore, it can be understood that people living in major
cities will be more sensitive to higher prices, and businesses need to offer attractive
promotional programs or provide higher-value products to meet customer expectations.
Specifically, the age group of 23-25 years old and the age group of 26-30 years old are the
groups with the highest consumption levels for eating out services among all 6 groups.
The frequency of eating out 1-2 times per month accounts for the highest proportion across
all income groups. This indicates that regardless of high or low income, consumers tend to
have a preference for eating at home with this frequency. Additionally, the group with the
least frequent use of eating-out services at least once a day shows an increasing trend with
higher income levels. This suggests that individuals with higher incomes are more likely
to spend on eating-out services daily. Therefore, based on the information provided, it can
be concluded that higher income is associated with the ability to spend on eating-out
services, or this group values convenience and time-saving. Individuals with higher
incomes tend to eat out daily, while the lower income group tends to eat out less frequently.
Eating out services are not popular on a daily basis, and most users only occasionally use
this service. This indicates that eating out is not a regular habit for the majority of users.
Instead, the demand for this service is often triggered by specific factors or specific needs
within a certain period. Younger age groups and higher income groups tend to consume
eating out services more than other groups. This can be explained by the convenience and
time-saving benefits that eating out services provide. Younger age groups often have busy
lifestyles and less time for cooking, while higher income groups have the financial ability
to afford eating out services.
When choosing to use eating out services, the most important criteria are delicious food
and reasonable prices. The importance of delicious food accounts for the highest
proportion, reaching 88.2%. This indicates that users prioritize the quality of food and
beverages when selecting eating out services. Next, the factor of price is also considered
important, with a rate of 72.9%. This shows that users also care about the price they have
to pay for using eating out services.
These results may be surprising because the factor of "Attentive and professional service"
ranks only fifth among the priority factors for customers, while the factor of "Promotions"
receives only 34% of attention. Although the attention rates for "Attentive and professional
service" and "Promotions" are not high, it does not mean that these factors are not
important. It is possible that in the current diverse culinary environment, customers
consider the quality of food and prices as the main determining factors when choosing
eating out services. Therefore, based on these results, businesses or restaurants can focus
on providing delicious food and beverages, while ensuring competitive prices to attract and
maintain customer interest. At the same time, attentive and professional service and
promotional programs should also be considered to create additional value for customers.
=> O18: The age group of 23-30 years old is the group with the highest consumption level
for eating out services.
=> T13: Vietnamese people still maintain the habit of eating and cooking at home.
=> O19: The willingness of people to spend if the product saves time and is beneficial to
health.
=> O20: The development and potential for the food service industry in the young
population structure.
=> O21: There is no need to incur excessive costs for future promotions and discounts."
Trend of saving idle money:
According to the latest survey data from The Conference Board and Nielsen, despite recent
positive economic developments, the economic recession mentality continues to persist in
the mindset of Vietnamese consumers. 48% of respondents believe that the country is going
through a recessionary period due to the impacts of the global economic and political
situation, as well as the prolonged effects of COVID-19. Although 76% of people still
believe that their personal financial situation will be good or excellent in the next 12
months, nearly half of the respondents believe that this is not a good time to spend money
on shopping.
Changes in priorities and values:
Despite concerns about spending money, consumers are still willing to spend a significant
amount of money on expenses related to improving the quality of their personal lives,
families, and children. With increasing concerns about health and well-being, products and
services that can meet healthcare needs will attract the attention and emotions of
Vietnamese consumers.
=> T14: Trends in people's savings.
=> T15: Product value must be improved to provide more value than ever before to meet
customer needs.
Customer purchasing behavior:
Vietnamese consumers are becoming more sophisticated and are changing according to
four trends:
● Increased awareness of value: Vietnamese consumers are becoming more
sophisticated and concerned about the true value of the products and services they
purchase. As mentioned above, instead of just focusing on price, they evaluate other
factors such as quality, features, convenience, and the social impact of the products.
They are becoming smarter in comparing prices and seeking deals and promotions
to ensure they get the best value for their money.
● Preference for clean and organic food: Mr. Nguyen Minh Tien, Director of the
Agricultural Trade Promotion Center, has given a positive assessment of the priority
given to clean and organic food. He observed that opening organic food stores and
clean fruit stores in cities is not difficult, and consumers are willing to pay higher
prices for these products. The reason is that these products have clear origins and
are inspected and monitored for quality by authorities. Mr. Nguyen Minh Tien's
observation reflects the increasing trend of consumers prioritizing and choosing
clean and organic products. Consumers have recognized the health and
environmental benefits of prioritizing these products and are willing to invest more
to obtain better quality and safety. However, it should be noted that the opening of
organic food stores and clean fruit stores depends not only on consumer acceptance
but also on the development and stable supply from farmers and producers. This
requires support and investment in organic agriculture to meet the increasing
demand of the market.
● Preference for mixed-channel platforms: Customers increasingly prefer shopping
through multiple channels, including both online and traditional shopping. They can
research products online, order through mobile apps or websites, and then pick up
the products at stores or their homes. The ability to choose multiple shopping
channels helps customers have a flexible and convenient shopping experience, while
taking advantage of deals and promotions from different channels.
● Less loyalty to brands and stores: Brand loyalty is no longer as important as before.
Customers are switching and experimenting with new brands and stores. They can
easily search for information, reviews, and feedback from users before deciding to
make a purchase. This puts pressure on brands and stores to maintain product quality
and service while creating a good shopping experience to attract and retain
customers.
● Having specific purposes when shopping: Consumers increasingly have specific
purposes when shopping, not just buying to meet basic needs. They tend to seek
products and services that can meet their goals and lifestyles. For example, they may
look for organic products, environmentally friendly products, or products with
positive social impact. This reflects the growing trend of interest in health,
sustainability, and social impact in purchasing decisions.
=> T16: Unstable customer needs
=> O22: Customers have a tendency to be curious and prefer new things
=> T17: Challenges for new businesses due to too many distribution channel choices to
reach consumers
=> O23: Customers are willing to pay for organic, green, and clean products
=> T18: There must be a strong workforce to manage distributors and predict market
demand.
Many factors influence consumers' purchasing decisions:
Currently, social media plays a significant role in the purchasing decisions of young
consumers. Instead of seeking opinions only from family members, friends, or people
around them, they search for information from various sources and individuals on social
media platforms such as Facebook, TikTok, YouTube, Instagram, and many others. Social
media provides young consumers with a diverse and rich array of opinions and experiences
from multiple sources and different users. They can follow bloggers, vloggers, influencers,
and individuals with expertise on social media, receiving reviews, product evaluations,
usage guides, and shared experiences from those who have used similar products or
services. This diversity helps young consumers have a broader perspective on the products
and services available in the market. They can see multifaceted opinions from individuals
with different characteristics and experiences, including different skin tones, nationalities,
and cultures. This enables them to have a more comprehensive view and make more
objective evaluations before making purchasing decisions. However, relying on social
media also requires caution. Young consumers need the ability to discern reliable
information and assess the quality of the information source. At the same time, they should
consider opinions and experiences from multiple sources to have a comprehensive view
and make smart and reasonable purchasing decisions.
=> T19: Handling the media crises becomes more challenging.
=> O24: Users suffer from information overload.
Technology (T):
Enhancing e-commerce activities, promotion, and connecting the food and agricultural
consumption market through e-commerce channels and social networks:
With over 73% of the population using the Internet and 78% of them engaging in online
shopping, users have accepted and adapted to the online shopping model. According to the
Vietnam E-commerce Report, the scale of the retail e-commerce market in Vietnam
reached $16.4 billion in 2022, accounting for 7.5% of the country's total retail revenue for
goods and consumer services. This indicates that the average online shopping value
reached $288 per person per year. Based on the above data and information, it can be seen
that e-commerce is thriving in Vietnam. With rapid growth and increasing participation in
online shopping, enhancing e-commerce activities, promotion, and connecting the food and
agricultural consumption market through the value chain is an important direction.
Businesses and retailers can leverage the popularity of the Internet and social media to
efficiently reach and market their products to customers. E-commerce channels, including
both online stores and social media, can be utilized to build and promote brands, generate
interactions with customers, and meet the online shopping needs of consumers. In
particular, connecting stakeholders within the value chain, from producers to consumers,
through e-commerce platforms can provide convenience and enhance business efficiency.
Prominent e-commerce trends in 2023 include:
Potential development through Headless eCommerce: Headless eCommerce allows
businesses to be more flexible in developing user interfaces and integrating new
technologies. This creates opportunities to enhance the shopping experience for customers,
from using artificial intelligence (AI) to provide personalized product recommendations to
applying augmented reality (AR) to provide more realistic product previews. With
Headless eCommerce, businesses can quickly adapt to market changes and customer
demands. They can deploy new features, improve performance, and optimize websites
quickly without being constrained by traditional CMS systems. The Headless architecture
also creates opportunities for business expansion and scalability. Businesses can easily
integrate with third-party platforms, such as payment systems, customer relationship
management (CRM) systems, and more, helping create a comprehensive and integrated e-
commerce system..
- Omni-channel selling is a powerful and suitable business strategy for the current
consumer shopping habits. Nowadays, consumers often refer to reviews and product
information on social media platforms before making purchasing decisions. They
also like to visit physical stores to try out products and compare prices from different
sellers before making their final purchasing decision. By implementing an omni-
channel selling strategy, businesses can meet these needs by creating a synchronized
effect between their social media channels and website, providing a consistent
customer experience and cohesive information. Furthermore, omni-channel allows
businesses to create an interactive store environment where consumers can come,
try out products, and receive assistance from sales staff. This helps build a better
shopping experience, trust, and connection between the business and customers.
- Livestream selling trend: In an era where Vietnamese people are increasingly using
social media and spending more time watching videos, livestream selling has
become a prominent trend in the years 2022-2023. Using livestream selling caters
to customers' video viewing habits, allowing them to interact directly with sellers,
ask questions, and receive immediate feedback. Beyond just interaction, livestream
selling enables customers to see the products and services they are interested in
directly through video. Instead of relying solely on images and descriptions,
customers can visually see the products and services in real-time. This helps them
gain a clearer and more detailed understanding of the products, leading to more
accurate and confident purchasing decisions. During the livestream, customers can
participate in special promotions and make direct purchases. This stimulation and
motivation prompt customers to make immediate purchase decisions, creating quick
business effectiveness for companies. By using multiple channels such as Facebook,
YouTube, Instagram, TikTok, and other social media platforms, businesses can
reach a diverse and potential audience while saving time and labor costs.
=> T20: Requires high investment costs for Headless Ecommerce and Omni Channel
=> O25: Opportunity to increase sales through livestream selling via social media channels
=> T21: Organizing a well-managed personnel system for e-commerce activities
=> W1: Inability to manage all e-commerce activities
=> W2: Implementing e-commerce activities in an unstructured and disjointed manner
=> W3: Insufficient capital strength to fully leverage all e-commerce trends
=> S1: Constantly updating young personnel with good e-commerce practices
=> W4: Limited personnel leading to challenges in providing good customer service"
Diverse Ordering and Delivery Methods:
Currently, young people tend to order food through food delivery apps. The main reason
is that young people often live alone, away from their families, and are busy with work, so
they have less time to cook at home. According to a survey conducted by IPOS.vn with a
total of 3,940 participants in Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, and Can Tho,
the most frequently used food delivery app is ShopeeFood, with 58% of users. Next are
GrabFood and Baemin, with 48% and 36% of users, respectively.
The reasons why they choose food delivery apps are that 65.3% of the respondents stated
that discount codes are the main reason when considering between online food delivery
apps. In addition, 45.4% of users also choose based on user interface.
Overall, the trend of ordering food through food delivery apps is becoming increasingly
popular, especially among young people, as it provides convenience and a variety of food
choices.
=> O26: Increase sales by collaborating with online food delivery apps and reaching a
wider customer base.
=> T22: High potential risks if not managing and controlling third parties.
=> T23: Ensure timely delivery service to maintain customer trust.
=> T24: Ensure appropriate cost and pricing for consumers when collaborating with
delivery services.
Diverse Payment Methods:
In a survey with a total of 3,940 participants, the most preferred payment method by
customers is bank transfer, accounting for 72.9%. However, since the second quarter of
2022, payment methods through QR code scanning (such as VietQR) have become
increasingly popular, currently reaching a rate of 28.4% among preferred users. This is a
surprising indicator, as more and more customers prioritize non-cash payment methods
over traditional payment methods. The second-ranking payment method is cash,
accounting for 60.5%. Payment by credit/debit card is the least chosen, accounting for only
19%. Overall, the payment trend for ordering food through food delivery apps is changing,
with an increase in bank transfers and QR code scanning. This reflects the shift from cash
payment to non-cash payment in this field.
=> T25: Provide QR code scanning devices and integrate non-cash payment methods.
=> O27: Payment through bank transfer and QR code scanning is usually faster and more
convenient than exchanging cash.
=> S2: There are only three payment methods, which are cash, electronic wallet (Momo),
and VNpay.
Environment (E):
Agricultural Soil Pollution:
Soil pollution is a major challenge in Vietnam, especially in the agricultural sector. One
of the main issues is the shrinking agricultural land area. With pressure from population
growth and industrialization-modernization processes, the agricultural land area is
decreasing.
Currently, only about 26.1% of Vietnam's natural land area is used for agriculture, and this
area is shrinking over time. Another issue related to soil pollution is the characteristics of
hilly and mountainous terrain in Vietnam's tropical rainy regions. With 3/4 of the territory
concentrated in hilly and mountainous areas, this environment faces issues such as erosion,
soil erosion, and soil degradation. Due to high air temperatures and intense mineralization
processes, the soil becomes depleted of organic matter and essential nutrients. This leads
to soil degradation, causing soil to lose its fertility and making it difficult to restore its
original state. Soil pollution can occur from various sources, including the use of unsafe
agricultural chemicals, industrial waste discharge, and improper solid waste management.
These activities can cause soil pollution and reduce the quality of agricultural land.
=> T26: Food safety risks.
=> T27: Increased raw material costs due to the need for expensive technology and
cultivation methods.
=> T28: Lack of assurance in the quality of raw materials.
Climate Change:
According to Deloitte, climate change has had a significant impact on the food supply. The
increase in global average temperature affects crop yields, and each degree Celsius increase
can reduce the production of different crops. According to Deloitte, temperature increases
can reduce wheat production by up to 6%, rice by up to 3.2%, corn by up to 7.4%, and
soybeans by up to 3.1%. It is important to recognize that not only F&B businesses can
address greenhouse gas emissions-related issues. Consumers should also have awareness
and contribute to environmental protection. Some greenhouse gas control issues are beyond
the control of businesses in the industry. Estimates show that about 80% of emissions fall
under "Scope 3" (including consumption, transportation, investment), for example, when
consumers waste food before consumption or improperly dispose of packaging. This poses
a significant challenge for F&B businesses as they must face the impact of climate change
on food supply while trying to control and reduce greenhouse gas emissions within their
scope. Businesses need to develop innovative and sustainable solutions to address this
situation while also promoting consumer awareness and action to reduce unnecessary
emissions in the food supply chain.
=> T29: Climate change reduces raw material productivity.
=> O28: Opportunity for "Green" businesses to gain consumer sentiment and trust through
environmental protection programs.
=> S3: Limit the use of plastic and nylon products to contribute to environmental
protection.
Laws (L):
Certificate of Food Safety Facility: According to Article 12 of Decree 15/2018/ND-CP,
facilities that do not require a Certificate of Food Safety Facility are small-scale
establishments that do not produce or process food but only trade in small-scale food. The
exemption from the certification requirement for these facilities can have the following
impacts on businesses:
● Food Safety Regulations: Although they do not require a Certificate of
● Food Safety Facility, small-scale food businesses still have to comply with food
safety regulations specified in other legal documents.
● Customer Trust: The absence of a Certificate of Food Safety Facility can affect
customer trust in the business. Some customers may have concerns about the quality
and safety of food provided by facilities without a certificate demonstrating
sufficient safety conditions.
● Competition in the Industry: Small-scale food businesses without a Certificate of
Food Safety Facility may face difficulties in competing with certified counterparts.
Customers may tend to prioritize establishments that are certified to ensure food
safety.
=> O29: Reduce costs and time to obtain permits.
=> T30: Customer concerns about the quality and safety of food.
=> T31: Difficulty in competing with certified counterparts.
S1: Pure plant ingredients, full of nutrients W1: Thời gian làm sản phẩm khá lâu
good for health W2: Nhân viên bán hàng chưa chủ động
S2: Convenient for those pursuing a trong việc mời chào khách
healthy lifestyle W3: Intense competition from multiple
S3: Access to many customer files competitors (especially since this is a
(especially those who like to eat traditional popular Vietnamese dish), making it
dishes)
S4: Delicious sticky rice grains blended challenging to maintain customer loyalty
with nutritious plant ingredients to the product.
S5: Attract people with interests in
traditional dishes rich in national identity
S6: Low costs and high profits
S7: Protect the environment with clean,
completely natural ingredients
O1: Suitable for Vietnamese people's tendency T1: High competitiveness in the market
to like to eat traditional dishes, popular during T2: It is very easy to lose customer trust when
traditional holidays product quality does not meet requirements
O2: Create opportunities to emphasize cultural T3: Difficult to market and distribute in the
characteristics and health concerns market
O3: Focus on health and quality aspects T4: Many products and alternatives on the
O4: Expand markets, attract new customers market
O5: Cooperate with culinary and restaurant T5: Changing customer preferences:
partners Customers easily change their eating
preferences, making it difficult to retain long-
term customers
T6: Difficulty in accessing international
markets
T7: Marketing and promotion challenges
=> W8: Takes more time to heat the product compared to sticky rice
=> W9: Higher prices compared to sticky rice
=> W10: Customers have to wait if they want to buy additional drinks
=> W11: Primarily focus on advertising on two social media platforms, Facebook and
TikTok
=> W12: The counter is not invested in as much as competitors at events
=> S4: Offers a variety of price levels for customers
=> S5: Offers a greater variety of nutritious food types
=> S6: Provides delivery service
=> S7: 100% nutritious products
=> S8: Sales staff actively seek out customers
=> S9: Sales staff have clear assignments to ensure product consumption
=> S10: Sales staff receive sales script training
=> S11: Posts on Facebook to sell products during events
=> S12: Recycles paper bags at home to make bags for customers
1.5. SWOT
S1: Young staff continuously update their W1: Inability to manage all e-commerce
knowledge in e-commerce activities. activities effectively.
S2: There are only three payment methods, W2: Implementing e-commerce activities
which are cash and electronic wallets in an unstructured and sporadic manner.
(Momo and VNpay). W3: Insufficient capital to fully leverage e-
S3: Restricts the use of plastic and nylon commerce trends.
items to contribute to environmental W4: Limited personnel, making it
protection. challenging to provide good customer
service.
S4: Offers a variety of price levels for
W5: Low customer switching costs. W6:
customers.
Maintaining customer relationships
S5: Offers a wider variety of nutritious food manually and instinctively.
types. W7: Failing to establish a reputation for the
S6: Provides delivery services. brand.
S7: 100% of the products are nutritious. W8: Takes more time to heat the product
S8: Sales staff proactively seek out compared to sticky rice.
customers. W9: Higher prices compared to sticky rice.
S9: Sales staff have clear assignments to W10: Customers have to wait if they want
ensure product consumption. to buy additional drinks.
W11: Mainly focusing promotional
S10: Sales staff receive sales script
activities on two social media platforms,
training.
Facebook and TikTok.
S11: Posts on Facebook to sell products W12: Less investment in the counter
during events. compared to competitive rivals at events.
S12: Recycles paper bags at home to make W13: Low ability to negotiate prices with
bags for customers. suppliers.
S13: Locally sourced ingredients. W14: Products have a short shelf life.
S14: Short order and delivery times. W15: Products are priced higher than the
average market price in the F&B industry.
S15: Reduces inventory costs and product
preservation.
S16: Ensures consumer health with the
products.
O1: The business meets the criteria of the T1: The market is uncertain and hard to
Action Plan. predict.
O2: Encourages consumers to spend and T2: Continuous updates are required to
consume more. adapt to market changes.
O3: Reduces the cost of raw materials. T3: Consumers still have a sense of
O4: Uses the savings for a more beneficial skepticism due to global influences.
investment. T4: Excessive deflation can lead to
O5: Reduces financial pressure on economic recession.
consumers. T5: Consumers in major urban areas are
O6: Lowers interest rates for business price-sensitive.
loans. T6: High initial promotion costs are
O7: A more stable business environment in necessary to attract customers.
Vietnam compared to the global market. T7: Unemployment rates in Vietnam are
O8: Increases the ability to persuade well-controlled.
investors. T8: Decreasing job appeal in the F&B
O9: Reduces people's hesitation and industry.
concerns. T9: Lack of long-term commitment from
O10: The F&B industry still has a lot of employees in the F&B industry.
potential for stable growth. T10: Employee training costs.
O11: Users are still interested in receiving T11: Keeping up with the ever-changing
new products. trends of the youth.
O12: A younger demographic structure.
O13: An increased interest in improving T12: High costs and time required to
health through diet. convince them of a healthy lifestyle.
O14: A growing interest in both internal T13: Vietnamese people still maintain the
and external health. habit of eating and cooking at home.
O15: A trend toward consuming more T14: A trend of cost-consciousness among
vegetables and organic food for both the population.
appearance and health. T15: The product value needs to be
O16: Young people are transitioning to a enhanced to provide more benefits.
diet rich in organic vegetables. T16: The instability of customer demands.
O17: Opportunities for the health food T17: Difficulties for new businesses due to
business. numerous distribution channel choices to
O18: The 23-30 age group has the highest reach consumers.
consumption rate for eating out. T18: Requires a strong workforce to
O19: People are willing to pay if a product manage distributors and predict market
saves time and is good for health. demand.
O20: Development and potential for the T19: Handling public relations crises is
eating-out industry in the young challenging.
demographic structure. T20: High investment costs for Headless
O21: Minimal need for costly promotions Ecommerce and Omni Channel.
and discounts in the future. T21: Organizing a human resources
O22: Customers have a tendency to be management system for e-commerce
curious and prefer new things. activities.
O23: Customers are willing to pay for T22: High-risk potential if third parties are
organic, green, and clean products. not well managed and controlled.
O24: Information overload for users. T23: Ensuring timely delivery services to
O25: Opportunities to increase sales maintain customer trust.
through live streaming on social media. T24: Balancing costs and pricing
O26: Increased sales through collaboration appropriately for customers when
with online food delivery apps, reaching a cooperating with delivery services.
wider customer base. T25: Providing QR code scanning devices
and integrating non-cash payment methods.
T26: Food safety risks.
O27: Payment via bank transfer and QR T27: Increased raw material costs due to
code scanning is often faster and more technology and cultivation methods.
convenient than cash. T28: Unreliable quality of raw materials.
O28: Opportunities for "Green" businesses T29: Climate change reducing raw material
to gain consumer trust and affection yields.
through environmental protection T30: Customer concerns about food quality
programs. and safety.
O29: Reduced costs and time for licensing. T31: Competitive challenges with certified
O30: Low market competition. competitors.
O31: Current competitors lack market T32: Balancing quality and reasonable
dominance. pricing.
O32: The Plant-based product market still T33: Finding reliable organic plant-based
has many opportunities for development. ingredient suppliers with quality.
O33: Low barriers to exit. T34: Many businesses prioritize profit over
O34: Minimal initial investment capital ethics, impacting the industry's reputation.
required for business. T35: Supply chain disruption risk if
O35: Low barriers to entry into the suppliers choose not to distribute
industry. ingredients.
O36: Easy access to fresh local plant-based T36: Risk of product quality changes
ingredients. during production relocation.
O37: Reduces the risk of food wastage. T37: High customer expectations for
O38: Low initial distribution channel quality.
investment costs. T38: Efficient management of imported
O39: Offering various sizes and prices to raw materials.
meet customer needs. T39: Pressure on businesses to sell
O40: Yet to fully tap the potential of the products within a specific timeframe.
plant-based food market. T40: The majority of Vietnamese people
O41: Differences in target customers help still stick to their regular diets.
plant-based product businesses avoid direct
competition with large brands in the F&B
industry.
O42: Low price competition in the plant-
based food industry.
GEOGRAPHIC
DEMOGRAPHIC
Age 18-30
PSYCHOGRAPHIC
BEHAVIORAL
MEDIA
Through a survey of 168 people, it was found that 97% of people are interested in a "Green"
lifestyle, and "Food and beverages" account for 76.1% of the candidates' interest.
Prediction rate of products sold: 1%
Because the project limits commercial criteria and enhances the purpose of propagating
green lifestyles, surveying small markets at UEF, and bringing knowledge about healthy
food to improve users' health, the prediction rate is 1% of products sold.
Product 03: Brown rice with mushroom floss and pork sausage
Product The dish is a combination of: brown rice, shrimp from chicken thigh
Definition mushrooms, and pork sausage from tofu.
Age range: 18-50
Occupation: student, lecturer, staff at UEF
Customer Target Income: 3,000,000 - 30,000,000
Chicken thigh mushrooms: vitamins B, C, D... protein, calcium, have a
lot of fiber and essential amino acids that the body cannot synthesize on
its own.
Tofu: provides nutrition from all 3 main groups of substances: protein,
carbohydrates, and fat for the body.
Brown rice: provides fiber, carbs, protein, fat and many other nutrients
Benefit it brings that are good for the body.
Product The dish is a combination of: bun cha, lettuce, fish mint, perilla, herbs,
Definition and rolls (from soybeans).
Age range: 18-50
Occupation: student, lecturer, staff at UEF
Customer Target Income: 3,000,000 - 30,000,000
Bun: provides carbs, fat and many other nutrients that are good for the
body.
Patties: made from soy protein to provide protein.
Benefit it brings Lettuce, fish mint,..: provide fiber for the body.
Product
Definition This is a combination of: lipton tea, diet sugar, kumquat.
Age range: 18-0
Occupation: student, lecturer, staff at UEF
Customer Target Income: 3,000,000 - 30,000,000
Cool, instant refreshment for the body.
Benefit it brings
B. Decision matrix
The group needs to choose one beverage and two dishes to create a combo, so they will use
a decision matrix to prioritize the requirements and make the best selection. The final result
shows that among the beverage options, Tamarind Tea has a higher score than Fruit
Smoothie, and in the food category, Spaghetti with Vegetable Sauce and Vegetarian Bun
Cha have the highest scores. Therefore, the group will choose Tamarind Tea, Spaghetti
with Vegetable Sauce, and Vegetarian Bun Cha as the products to sell at the "Lanh" event.
It is possible to position the products of the supply group in the High Price - Health Safety
area close to the 2 closest competitors to the product, OSHO x Hanh and Xoi countryside
x Hanh.. Customers will pay the cost equivalent to receiving product quality, saving time
and health safety instead of buying products at the school canteen, street food sold in front
of the school gate, GS25 convenience store and cooking for yourself at home.
1.5. Product Layers
According to Kotler, products are divided into 3 main levels including: core products,
actual products and complementary products. Each level of the product will determine
different consumer needs.
1. Core Product
a. Product platform
Pure vegetable vermicelli and spaghetti with vegetable sauce are inspired by meat
vermicelli and beef spaghetti to create a new, more delicious look for vegan meals. This is
a unique variation that helps vegan meals be creative and not boring when eating purely
plant-based every day. From ingredients such as vegetables and tubers, the kitchen imports
from Vietgap, selecting and eliminating the poor quality parts, keeping only the freshest
parts. Besides, the vegetarian patties are also made by the chef himself and not imported
from vegetarian shops in the market, thus ensuring nutrition and eating whole food. That's
why the group's pure plant-based dishes always bring a feeling of freshness, cleanliness,
and full nutrition to a meal.
When the food arrives at the customer's door, the customer does not need to prepare it and
can eat it immediately, ensuring that they enjoy the delicious taste to the fullest.
Pure vegetable vermicelli noodle products include:
- Vermicelli: imported from the vermicelli factory every day, guaranteed to always be new
vermicelli, say no to old vermicelli
-Vegetables: imported from Vietgap every day, carefully select good quality vegetables,
remove damaged parts
-Vegan: Main ingredients from pure soy flour and protein, no chemicals, no preservatives
(can be stored for ~1 month in the freezer, ~1 week in the refrigerator) prepared by the chef
himself ensure nutrition and hygiene
-Peanuts and fried onions: Imported fresh ingredients from outside, but prepared in the
kitchen
Spaghetti products with vegetable sauce include:
-Vegetable sauce: made from peas, tomatoes, corn, cowpeas, carrots sourced from clean
vegetable stores (stored in the refrigerator for a shelf life of ~3 days) and made by the
kitchen itself. hand made
-Spaghetti: boiled in 100 degree sauce
b. Benefits that the product will bring to consumers or customers
A plant-based diet provides you with high levels of fiber and protein, while also helping to
reduce the amount of calories absorbed into the body. This helps you lose weight
effectively. Foods rich in fiber and antioxidants in plant-based foods help limit cholesterol
absorption and stabilize blood sugar levels. In addition, using raw foods with minimal
processing and very few additives and preservatives also contributes to preventing high
blood pressure and reducing the risk of cardiovascular disease. Vitamins, minerals and
good fats from vegetables, fruits... help improve the digestive system, make the body
lighter and the skin younger and smoother. Using less animal products contributes to
reducing the risk of cancer, reducing blood sugar levels and improving kidney function.
After eating a purely plant-based meal, you will also feel very different: your body will be
lighter, more relaxed. more bearable and not heavy in the stomach.
2. Actual product
a.Material goods bring desired benefits
The team's pure plant food products not only bring good nutrition to the body, but also
delicious meals that don't get boring. Although the ingredients are all derived from plants,
they still ensure quality, enough quality, and enough nutrition. This means that we
ourselves can eat delicious food but still meet the criteria of good health
b. Packaging
With environmentally friendly criteria, each portion of food is packaged in paper boxes,
with wooden spoons and chopsticks included. Make sure that every piece of food not only
says no to animals but also contributes to protecting the environment. Through each piece
of food, we also want to convey the message of "Healthy" living from the smallest things
to our customers.
3. Enhanced products
a.Delivery
We have a delivery system within school areas, as long as you order from 8:00am to
3:00pm, we will deliver it to you without shipping fees.
b.Warranty
After purchasing our products, you will receive a warranty within 2 hours from the time of
purchase. To ensure that we can serve customers with the best quality products
1.6. Value Proposition and Positioning Statement
Hai core product bao gồm Vegan Bun Cha và Spaghetti với sốt rau củ sẽ được nghiên cứu
cặn kẽ, đi sâu vào chi tiết để đem đến một cái nhìn rõ ràng và đầy đủ hơn. Qua quá trình
nghiên cứu, chúng tôi sẽ tìm hiểu mọi khía cạnh của hai sản phẩm này, bao gồm
Customer Target:
This customer target will benefit from using this product because it helps them:
2. Pricing Strategy
- Choose a pricing method:
Calculate prices based on analyzing break-even conditions and ensuring target profits.
One of the methods of forming prices on the basis of cost is method
The calculation method ensures the target profit. Prices are tried to be determined to ensure
The group earns the desired profit.
Method of price formation with calculation to obtain target profit
built on the basis of a break-even chart. The graph shows the total cost and total
Expected revenue at different sales levels. According to calculations, in terms of food, with
3 days of selling 50 meals with a capital of 35,000 VND (total capital of food = 1,750,000
VND) and a selling price of 43,000 VND, 41 boxes of food need to be sold to break even.
capital.
As for drinks, with the cost price of kumquat tea being 297,000 VND, my group only needs
to sell ~ 18/50 cups of kumquat tea to break even (sold for 15,000 VND).
- Select final price:
According to a survey conducted by the event team, 38.7% of respondents want food and
drinks to cost less than 40,000 VND and 30.7% want food and drinks to cost between
40,000 and 50,000 VND.
This is not a good price for our group because for food, we had to spend up to 35,000
VND/meal, and according to the prices of other food groups, they only sell from 30,000 -
40,000 VND. VND/meal, the likelihood of potential customers choosing to buy our
products is reduced and the competition rate increases. So in order to stimulate consumers'
purchasing ability, we decided to use a bundling strategy. This is a combo selling method,
reducing prices to stimulate demand, allowing our team to sell products and generate
greater sales revenue. Bundling can even help my team avoid losses because the profit
margin on each item can be increased. So we decided to reduce the price and sell it as a
combo of 1 meal + 1 kumquat tea for 50,000 VND.
So to break even, our group needs to sell about ~ 41 combos (total capital/selling price of
1 combo = 2,027/50 = ~41 combos)
And to reach the target profit in the 3-day event of 500,000 VND, we need to sell all the
purchased goods.
-And in the survey, the "Green" products that you are most interested in are food and drinks.
-Based on the above information, the Marketing department proposes to produce the
following promotion programs:
+Because the group's products are vegetarian dishes and vegetarian dishes are not popular
with students, the group has set up a promotion program for products that are purchased in
combos to be reasonably suitable. with financing and providing customers with purchases.
+When buying a portion of food with a cup of kumquat tea, it will cost 50,000 VND.
Buying a combo will be cheaper than buying each item individually. A portion of food
costs 43,000 VND and a cup of kumquat tea costs 15,000 VND.
+ Milk group also has a promotion program specifically for kumquat tea. When buying 3
cups of kumquat tea, it will cost 30,000 VND.
- Selling in this combo can bring many benefits and efficiency to both sellers and
customers. Here are some key benefits of selling in combos:
+Attractive value: Combo includes multiple products combined for a better value than
buying each part individually. This creates a great appeal for customers because they can
save money and get more value from buying in combos.
+Increase sales: Combo selling can increase sales by getting customers to buy more. By
combining related products in a reasonable combo, customers tend to buy more to take
advantage of the promotional value.
+Reach new customers: Combos can help attract new customers, especially those who have
never purchased the product. The appeal of buying in combos can create curiosity in new
customers, leading them to buy additional products.
+ +Create value for customers: Selling in combos can create a better experience for
customers. By combining compatible products, customers can receive a complete solution
that best meets their needs. This creates a positive experience and increases customer
satisfaction.
-In short, selling in combos can bring many benefits and efficiency to both businesses and
customers. It creates compelling value, increases sales, reaches new customers, and creates
value.
-Especially, our group decided to use 100% of the profits earned during the three-day event
to donate to "Lang tre SOS".
-After completing the promotion programs, the Marketing department will use appropriate
social network channels to announce the "WELL" fair as well as about its booth.
-The group has written articles introducing fair information and products.
- Articles are posted on each member's personal page and groups within the UEF student
community. This will help the fair reach a wider audience and become known to more
people.
Picture: our group's distribution channel during the 3-day event "Lanh"
The first would be to welcome customers by saying: “Hello Number 1 team. Welcome to
Thien Tam Vegan Food. Our booth has many delicious pure plant-based dishes waiting for
you.”
Step 2: Ask customers about their food preferences and see what foods they are
interested in
“I wonder if you are interested in plant-based food?”
-If the customer answers that they are not interested or do not know about pure plant-based
food, the salesperson must share information about this product line so that the customer
can have more information, thereby making the customer satisfied. care about your product
“We invite you to take a look at our group's products. These are dishes made from pure
plant foods. Pure plant food is not just simply vegetables with simple preparation methods,
but it also has many ways to prepare it to help us be both delicious and ensure our health.
And pure plant foods bring many benefits not only to our bodies but also to the environment
(Say out the values and benefits of pure plant foods to the body and the environment). At
the fair today, our group had a chance to enjoy delicious and attractive plant-based dishes
including vegan vermicelli noodles and spaghetti with vegetable sauce, in addition to a
delicious beverage called kumquat tea ( Introduce your products and their benefits and
values. Provide information about the ingredients and processing of the products.)
Part of our group's vegan bun cha dish will include vermicelli, clean vegetables imported
from Vietgap and vegetarian spring rolls made by the chefs at Thien Tam vegetarian food.
And this is spaghetti with vegetable sauce. In this sauce there are peas, tomatoes, corn,
string beans and carrots. These are all healthy vegetables. In addition, our group also sells
kumquat tea cooked by group members.
As you may know, pure plant foods bring many benefits to the body.
A plant-based diet provides you with high levels of fiber and protein, while also helping to
reduce the amount of calories absorbed into the body. This helps you lose weight
effectively. Foods rich in fiber and antioxidants in plant-based foods help limit cholesterol
absorption and stabilize blood sugar levels. In addition, using raw foods with minimal
processing and very few additives and preservatives also contributes to preventing high
blood pressure and reducing the risk of cardiovascular disease. Vitamins, minerals and
good fats from vegetables, fruits... help improve the digestive system, make the body
lighter and the skin younger and smoother. Using less animal products contributes to
reducing the risk of cancer, reducing blood sugar levels and improving kidney function.
After eating a purely plant-based meal, you will also feel very different: your body will be
lighter, more relaxed. more bearable and not heavy in the stomach.
Our slogan is: change the world, starting with every meal you eat
I hope you too will contribute something to the world with these plant-based meals
If you buy a combo of 1 cup of kumquat tea and 1 portion of food, you will get a discount
compared to buying each item individually."
-If the customer replies that they are interested in plant-based food, the salesperson will
introduce their outstanding plant-based dishes, emphasizing the health and environmental
benefits of eating plant-based. Provide information about ingredients and processing
methods of products.
“Then let me introduce my products. At the fair today, our group had a chance to enjoy
delicious and attractive plant-based dishes including vegan vermicelli noodles and
spaghetti with vegetable sauce, in addition to a delicious beverage called kumquat tea (
Introduce your products and their benefits and values)
Part of our group's vegan bun cha dish will include vermicelli, clean vegetables imported
from Vietgap and vegetarian spring rolls made by the chefs at Thien Tam vegetarian food.
And this is spaghetti with vegetable sauce. In this sauce there are peas, tomatoes, corn,
string beans and carrots. These are all healthy vegetables. In addition, our group also sells
kumquat tea cooked by group members.
As you may know, plant-based foods bring many benefits to the body. A plant-based diet
provides you with high levels of fiber and protein, while also helping to reduce the amount
of calories absorbed into the body. This helps you lose weight effectively. Foods rich in
fiber and antioxidants in plant-based foods help limit cholesterol absorption and stabilize
blood sugar levels. In addition, using raw foods with minimal processing and very few
additives and preservatives also contributes to preventing high blood pressure and reducing
the risk of cardiovascular disease. Vitamins, minerals and good fats from vegetables,
fruits... help improve the digestive system, make the body lighter and the skin younger and
smoother. Using less animal products contributes to reducing the risk of cancer, reducing
blood sugar levels and improving kidney function.
After eating a purely plant-based meal, you will feel very different: your body will be
lighter, more comfortable, and your stomach won't feel heavy.
Our slogan is: change the world, starting with every meal you eat
I hope you too will contribute something to the world with these plant-based meals
If you buy a combo of 1 cup of kumquat tea and 1 portion of food, you will get a discount
compared to buying each item individually."
Step 3: Tell about previous customer experiences to create trust and attract customers
In this step, we will tell about the experiences of previous customers who have had positive
experiences with our vegan food products (this story can be a true story or you can think
of it yourself) in order to attract and create trust for customers
“Friend Tho - 3rd year student at Ho Chi Minh City University of Economics and Finance
is a loyal customer of our pure plant food. Before that, you didn't know what vegan eating
was like. You simply understood that it was vegetarianism, eating boiled and fried
vegetables. Because of the stereotype that eating a plant-based diet is vegetarian, you don't
have a good feeling about it. Because according to you, vegetarian food, other than
vegetables, is only made from flour and it does not bring any nutritional value and even
has a lot of fat that is not good for health. However, after you learned about Thien Tam
Vegan Food, you changed your thinking, you have a new perspective. Because unlike other
vegetarian foods on the market, our products are not only vegetarian but also purely plant-
based. Made from healthy ingredients, no grease, no chemicals, providing high nutritional
value without making you feel bored."
3. Division of work
Because it's a semester, during the 3 days of organizing the fair, there will be team members
who are stuck with school schedules or personal matters, so it is necessary to have a
reasonable time roster to ensure that the booth is always open for sale. in 3 days.
Table: STUDENT OCTOBER 11, 2023 OCTOBER 12, OCTOBER 13, 2023
Time 2023
Nguyen Thi x x x x x x
My Huyen
Nguyen x x x x x x
Ngoc Thao
Tran
Nguyen Bao x x x x x x
Anh Tho
Nguyen x x x x x x
Nhu Nhi
Trang
STUDENT OCTOBER 11, 2023 OCTOBER 12, 2023 OCTOBER 13, 2023
Nguyen Ngoc Sales staff in Sales staff in Sales staff in Salesperson Salesperson Salesperson
Thao Tran school areas school areas school areas at the at the at the
counter counter counter
Nguyen Bao Salesperson Salesperson Salesperson Sales staff in Sales staff in Sales staff in
Anh Tho at the at the at the school areas school areas school areas
counter counter counter
Nguyen Nhu Sales staff in Salesperson Sales staff in Salesperson Sales staff in Salesperson
Nhi Trang school areas at the school areas at the school areas at the
counter counter counter
Nguyen Thi Asked Asked Salesperson Sales staff in Salesperson Sales staff in
Kim Ngan lecturer lecturer at the school areas at the school areas
permission permission counter counter
for eye for eye
examination examination
As previously mentioned, our team is in the business of two plant-based products: Plant-
based Bun Cha and Spaghetti with vegetable sauce. To ensure the effective delivery of our
Value Proposition and Positioning Statement, we will conduct a more detailed analysis of
the nutritional components and calculate whether these two plant-based meals provide
enough energy to curb snacking for up to 5 hours.
First, we will investigate the daily energy requirements. Although there are many articles
on Google stating that females need around 1500 calories and males need about 2000
calories per day, we want more specific figures to ensure accuracy regarding the energy
needed for each of our products. Therefore, we will use two crucial indexes, BMR (Basal
Metabolic Rate) and TDEE (Total Daily Energy Expenditure), to calculate the energy
required for weight loss and maintenance for both men and women.
BMR and TDEE are two important indexes to understand the caloric energy needed daily
to maintain basic activities and overall health. If you consume more calories than TDEE,
you will gain weight, and if you consume fewer calories than TDEE, you will lose weight
and burn fat. Understanding BMR and TDEE is crucial for planning an appropriate diet
and exercise regimen to achieve the weight and health goals of each individual.
Additionally, comprehending these indexes helps assess the level of health and balance
caloric consumption to ensure the body receives enough energy for daily activities without
consuming excess calories, which may lead to health issues.
To make the information specific and clear, we will calculate based on the average height
and weight of Vietnamese people. According to Insider, the average height of Vietnamese
people, based on the 2020 health database of the NCD Risk Factor Collaboration (linked
with the Royal College of Physicians, London, UK), is 159.01 cm (males being 164.44 cm
and females being 153.59 cm). According to BrightSide, the average weight of Vietnamese
males is 58 kg and of Vietnamese females is 45 kg.
Therefore, we will calculate the BMR and TDEE indexes for males and females based on
these figures.
Based on the data mentioned earlier, our team has calculated and found that women
need about 1519 calories (if they are not exercising), and men need about 1868
calories per day. With the eating habits of Vietnamese people, who typically have
three meals a day, this means that on average, women should consume around 500
calories per meal, and men should consume approximately.
Furthermore, there are additional nutritional standards to consider.
Regarding Carbohydrates, a regular person should consume between 45% and 65%
of their daily caloric intake from carbs. For a female's diet (1500 calories), one
should consume between 69 and 244 grams of carbs per day. In the case of a male's
diet (1868 calories), one should consume between 88 and 303 grams of carbs. It's
important to note that an individual should not consume fewer than 130 grams of
carbs per day, as recommended by experts.
=> On average, per meal, men should consume 29 to 101 grams of carbs, and women
should consume 23 to 81.3 grams of carbs.
Regarding Protein, a healthy person should get between 10% and 35% of their daily
caloric intake from protein, which is equivalent to 37.5 to 131.25 grams of protein
per day for women and 48 to 163.45 grams of protein per day for men.
=> On average, per meal, women should consume 12.5 to 43.75 grams of protein,
and men should consume 16 to 54.48 grams of protein.
Regarding Fat, one should limit the percentage of daily calories derived from fat to
be between 20% and 35%, which is equivalent to 33 to 58.3 grams of fat per day for
women and 41.5 to 72.6 grams of fat per day for men.
=> On average, per meal, men should consume 14 to 25 grams of fat, and women
should consume 11 to 20 grams of fat.
Nam Nữ
2. PRODUCT REQUIREMENTS
After additional research and updating product modifications, the team set requirements
for the product
2.2. Non-functional:
Description:
-Bun cha is a traditional Vietnamese dish, and when made in a vegan style, it becomes an
ideal choice for those following a vegetarian diet. The pure vegetable vermicelli noodle
dish includes main ingredients such as vermicelli, vegetarian patties made mainly from
beans and spices, vegetarian fish sauce and raw vegetables such as lettuce, herbs,
cucumber.
-In addition, we also have spaghetti with vegetable sauce. Vegetable spaghetti includes
spaghetti and a sauce of vegetables such as carrots, cabbage, tomatoes, onions and green
peppers in a little olive oil.
-These are all vegetarian dishes but still full of nutrients, ensuring that you will have a
balanced and healthy meal.
Product ingredients:
Ingredients table of pure plant-based Bun Cha:
Ingredient Percentage/pack
2 Vegetarian rolls 9%
3 Salad 10%
4 Herbs 5%
5 Cucumber 20%
6 Peanut 4%
7 Fried onion 2%
Ingredient Percentage/pack
1 Pasta 45%
2 Tomato 25%
3 Carrot 5%
4 Peanuts 5%
5 Mushroom 5%
6 Peas 10%
7 String beans 5%
Production process:
-To create a delicious dish, after choosing the ingredients, the chef will boil the noodles in
boiling water, make vegetarian rolls, vegetable sauce and choose fresh vegetables to ensure
the deliciousness of the dish.
-After that, the dishes will be divided into each paper box.
Pack:
Security and safety:
Dishes that meet standards according to national technical regulations:
-QCVN01-1:2018/BYT: National technical regulation QCVN 01-1:2018/BYT on Clean
water quality used for domestic purposes.
-QCVN 8-1:2011/BYT: National technical regulation on limits of fungal toxin
contamination in food.
-QCVN 12-1:2011/BYT: National technical regulations on hygiene and safety for
packaging and tools in direct contact with food made of synthetic plastic.
This is the budget estimate for the 3-day "Lanh" event, along with financial sponsorship
from 3 members: Tran Thao Ngoc Nguyen, Huyen My Thi Hoang, Trang Nguyen Nhu
Nhi.
XI. Measurements and metrics
The team completed practice sessions before, during and after the event. From there,
measurement indicators that closely follow the reality of product management can be
drawn. Besides, introducing theory and practice helps the team better understand the
necessary factors when managing products:
Financial metrics and KPIs are quantifiable metrics chosen by the team to align with sales
goals and process goals before, during, and after the event. Including revenue, number of
customers received, conversion rate.
The group's proposed revenue is at least equal to the expected capital, in the range of
2,400,000 VND. During the implementation process, the group achieved the target with
revenue of 3 days 11, 12, 13 of 1,242,000, 1,306,000 and 796,000 VND respectively. The
expected number of products is 50 portions of vegetarian vermicelli and vegetarian
spaghetti. The group completed their goal of selling 50 meals and 73 kumquat teas. In
addition to the expected revenue, some customers paid extra to donate to SOS Children's
Villages with a total amount of 1,026,000 VND.
Cost of participate in the LÀNH event
The number of customers reached was 312 people through online posts, direct
introductions and product displays at booths during the event. Of which, the number of
customers who chose to use the group's products during the event was 114 customers. Due
to some limitations such as not being able to transport long distances, products sold at the
event have a limited time,... the group cannot supply all of these potential customers.
Therefore, during the 3-day event at Hanh, the group's conversion rate from potential
customers to actual customers was 36.54%.
These metrics focus on how users interact with the group's products and amenities
including vegetarian dishes, kumquat tea, and ask about donating to SOS Children's
Villages through product purchases.
On average, a potential customer spends 1-2 minutes on the product by finding information
through display posters, product introduction posts, and event announcement posts.
Customers using the product spend an average of 4-8 minutes on the product through
texting advice, chatting to ask for product information, and asking carefully about donating
to SOS Children's Villages through purchasing the product, listen to direct feedback from
customers who have used the product before.
Customers mainly bought the group's products online with the number of 82, bought
directly at the counter with 20, knew the group and asked friends and colleagues to help
them order with 12 customers. So the number of customers interacting with the group
through two main forms: online messaging and going to the display counter is 89.47%.
Interaction via social networking sites ensures customers can easily check information and
save more time, thus reaching 71.93% of total customer interactions. It can be said that this
is a signal for the group to choose the main form of online business if they intend to develop
the project in the near future.
The team simply measures customer satisfaction through post-use product reviews.
Includes assessments of product quality and service quality. The group based on 3-level
assessment: Very Good - Normal - Not Good and personal comments to identify customer
satisfaction as follows:
XII. Risks
- Inventory risk: Because the group's products are processed foods, they have a short
shelf life. For pure plant-based bun cha, ingredients such as vegetables and
vermicelli need to be used within the same day because they are easily spoiled. They
can be preserved by placing them in the refrigerator, but this will reduce the
freshness of the vegetables and vermicelli left over the day. It also has a sour taste
that does not ensure food safety and can affect your health. As for the ingredients
for vegetarian patties, they can also be stored in the refrigerator. However, when
importing, a portion of pure vegetable bun cha includes vermicelli, vegetables and
patties, but only the patties are guaranteed to still be usable through the day. Later,
this means that if they cannot sell, they can only keep the rolls and the next day will
have to import more noodles and vegetables, causing a capital deficit. Spaghetti with
vegetable sauce has a longer shelf life than vermicelli. Even though the spaghetti
has been processed, it can be stored in the refrigerator (~2 days) and can be boiled
again to ensure freshness. Besides, the vegetable sauce if stored in the refrigerator
has a shelf life of nearly ~4 days. Because of this, the group imported more spaghetti
than vermicelli in the 3 days of sale. However, because there are only 3 days of sale,
if after those 3 days there is still inventory left, you can only throw it away or find
another way to handle it, but you cannot return the goods. Therefore, the inventory
risk of food items is very large, not only in quantity but also in the shelf life of this
item.
- Variation in price: Fluctuations in raw material prices, production costs and
incidental costs can affect net profit and final selling price. To be more specific,
kumquat tea requires The ingredients are sugar, kumquat, tea, and ice to complete a
delicious cup of kumquat tea. The price of sugar and sugar can change with each
purchase, maybe a few thousand VND difference, but that also affects the net profit.
For example, the initial price of 1 kg of sugar is 132,000 VND, 1 kg of kumquat is
22,000 VND. However, after the first day of sale, all that kumquat and sugar was
used up, and I had to buy more to be able to sell kumquat tea in the following days.
At this time, the price of 1 kg of sugar bought at another store has changed to
135,000 VND, 1 kg of kumquat costs 25,000 VND, which means the price of raw
materials has now increased to 6,000 VND compared to the original. Although the
cost of a cup of kumquat tea has increased at this time, the selling price cannot be
changed because it is the listed price for 3 days of opening. This means that the
group will have to suffer a decrease in profits compared to the original estimate.
- Risk of location selection: Inappropriate booth location can affect the number of
customers coming to the store. Because there are many booths open for sale during
the 3 days of the fair, booth location is very important in attracting customers. If
you choose the booths inside, the number of visitors will be less because they are
attracted to the booths outside. In addition, the fact that the event was held on the
6th floor of Ho Chi Minh City University of Economics and Finance is also a big
minus point. Because here, big events are often held on the 15th floor, where many
students attend, while the 6th floor is a place for self-study, group study and rest for
students, a number of students visit every day. Not much here. It is easy to see that
during the 3 days of the event, few students came here to attend this event and this
caused the revenue to not reach the maximum threshold and team members had to
invite end-users on other floors. .
XIII. Appendices and supporting material
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