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NEW PRODUCT AND SERVICE DEVELOPMENT NEW YORK UNIVERSITY – SCPS FALL 2010. AV. OVERVIEW. OVERVIEW. Presentation:. Presentation:. American Company founded in 2005. Cachaça is a Brazilian spirit distilled from sugar cane juice. It is the key ingredient to the Caipirinha cocktail. - PowerPoint PPT Presentation
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NEW PRODUCT AND SERVICE DEVELOPMENTNEW YORK UNIVERSITY – SCPSFALL 2010
AV
American Company founded in 2005.
Cachaça is a Brazilian spirit distilled from sugar cane juice.
It is the key ingredient to the Caipirinha cocktail.
Cachaça is the third most-consumed spirit in the world.
Leblon is market leader in this segment in US.
Current Situation:
Presentation:
OVERVIEW
Current Situation:
Presentation:
OVERVIEW
The Caipirinha is the fastest growing cocktail in
the US, growing 250% on cocktail menus in the
past two years.
OBJECTIVES
A Global Brazilian Iconic Brand:
To Establish Leblon as the Luxury Cachaça of Brazil.
An Authentic and Credible Source as Brazil’s Finest Cachaça/ Leblon Caipirinhas Internationally.
Position Leblon as something never seen before: a classy, truly upscale brand that fits our target’s lifestyle.
STAGE GATE PROCESS
Launch
Discovery
Idea Screen
Scoping Business Case Development Testing & validation
Post launch review
Stage 1 Stage 2 Stage 3 Stage 4 Stage 5
Gates: go / kill
Action plan
DISCOVERY STAGE: IDEATION
BrainstormingInternal campaign
for ideas *
Customer research
Interviews at bars, liquor stores
Research Web
Analyze competitors
Trade Publications/ Consumer Magazines IDEA BANK
Agencies
• Develop a Leblon Idea Bank Online for employees participate with suggestions and interesting comments about their market. Creating a important communication and information channel between the entire Sales department and Marketing.
• Responsible for Idea Bank – Leblon Brand Manager
GATE 1: IDEA SCREEN
Criterias:
Fit within Leblon business strategy.
Reach Leblon’s target.
Help the consumer’s know about Leblon Cachaça.
Have to be a differential event.
Meet Leblon’s objective.
Gatekeepers
CEO, Director of marketing, Brand Manager.
STAGE 1: SCOPING
Define event size and potential.
Concept tests with potential guests.
Possible time.
Estimate costs .
Recommendations and Plans.
GATE 2: SECOND SCREEN
Reach the target market.
Involve one of 2 communication platforms: fashion and music.
Consumers must have an unforgettable experience with the brand.
Innovative project.
Costs maximum $20K.
Gatekeepers
CEO, CFO, Director of marketing, Brand Manager.
STAGE 2: BUSINESS CASE
Market investigation and Market Research : determine
what kind of events my consumer wants to go.
Detailed look at the market competition – direct and
indirect.
Event analysis: determines event size, trends, segmentation
and complete competitive beverage situation.
Detailed business and financial analysis.
Plans and Recommendation
GATE 3: GO TO DEVELOPMENT
Gatekeepers
CEO, Operations, Director of Marketing, Brand Manager, Sales, Legal
Just one event
goes to next
stage!
Result of detailed event analysis.
Costumer needs, wants, benefits desired
Preliminary marketing plan.
Event definition.
Estimate costs, timing, resources.
Legal.
Financial analysis.
Plan of action for next state.
STAGE 3: DEVELOPMENT
Marketing and operations plans.
Working model.
Tests.
Update financials.
Facilities requirement.
Launch plan.
Customer feedback.
Start spend more money
GATE 4: GO TO TEST
Gatekeepers
Operations, Brand Manager, Financial Analyst, Logistic, Legal
Review probable execution.
Revised financial analysis.
Check quality of Stage 3.
Go to tests.
STAGE 4: TESTING AND VALIDATION
Event definition, characteristics.
Extensive validation.
Production materials process.
Customer acceptance: research, in house tests.
Revise financial and business analysis.
Refine marketing plan.
Verify that all areas are prepared for the event.
GATE 5: GO TO LAUNCH
Gatekeepers
CEO, Operations, Brand Manager, Marketing Director, Financial Analyst, Logistic, Legal
Check quality and result.
Quality of validation.
Estimates of the production and marketing costs, sales volumes, logistic.
Financial analysis.
Ready to launch - into the market.
Implementation of event plans.
Implementation of operation plans.
STAGE 5: LAUNCH
POST LAUNCH: REVIEW
Review Costs.
Analyze the results.
What was learned?
Is worth to do it again?
What can be done better next time?
Did the repercussion is good?
Does the project increase our market share?
CONCLUSION
Before decide to sponsor, participate or organized an event:
Define some criterias. Don’t fail in love with any event opportunity before make
sure that fits you consumer want and need. Avoid waste your money doing the wrong investment.
THANK YOU!!!