Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

2a/ Mission statement:

Encourage baking at home. Providing baking mixes that do not contain GMOs and preservatives,

helping consumers easily create delicious cakes at home, helping family members create joy in

the kitchen at their home.

2b/

Non-Financial:

+ Product improvement and diversification:

- Research and introduce 2-3 new products and new flavors next year.

- Pay attention to consumer opinions on online shopping platforms. Typically, Amazon,

there by improve the bad points of previous products.

+ Build community:

- Build a community of people who love baking at home, create a blog on this topic. From

organizing events in this community, we can get many different opinions, learn more tips

to improve products, along with being able to promote the brand.

+ Ensure clean suppy:

- Cooperate with supplier have clean supplies that do not harm consumer health and the

environment. From there, we can build customer trust in the brand.


Financial Goals:

+ Revenue Growth: Increase annual revenue by 15% - 20% compared to the previous year.

+ Cash flow to prevent risks: 15% of total value ($750.000 in 2015).

+ Working Capital Management: 20% of total value ($750.000 in 2015).

2c/ Competitive Advantage:

It's easy for a person who doesn't need to be good at cooking or have much knowledge to still

be able to make their own cake thanks to the specific indicators and instructions available in the

product. It is also very suitable for use in cooking lessons or entertaining children. In addition,

customers' curiosity after watching the "shark tank", it will strongly boost revenue. And natural

ingredients that do not contain preservatives and GMO will create purchasing confidence in

consumers.

Internal Strenghs Weaknesses


- Quality ingredients: Do not have - High cost: Due to the natural and
preservatives and non-GMO. demanding ingredients, challenges are
faced in keeping production costs low.
- New concept: With ingredients
individually packaged and pre- - Industry Competition: Face competes
measured, making baking at home with large companies that have been
easier and more convenient. around for a long time in the baking
market.
- Early success: Although it is a small
company, it has struck deals with - Lack of employees: There are not
local grocery stores, expanding its enough employees, so when orders are
reach to customers. overloaded and there are not enough
people to work.

Opportunities Threats

- Market expansion: After appearing - Reliability: Because it is a new brand,


on "Shark Tank," Scratch and Grain consumers will still be hesitant to trust it
Baking Co. landed a deal with Target and the taste may not be suitable for
stores. many people.

- Growing Market: 2015 is a time - Cash Flow Challenges: Financial


when demand for convenient baking difficulties are always a problem for
External
products, safe ingredients, and newly opened companies and cash flow
quality continues to increase, to maintain operations is always a
providing expansion opportunities. problem (we can see that Scratch and
Grain Baking Co. shut down due to
- Recognition: After appearing on insufficient cash flow to maintain
"Shark Tank", the brand continuously operations).
appears on social networking sites
and is increasingly known to
consumers.

2d/ S.W.O.T

You might also like