Drft2 | Marketing homework help

Marketing Strategies for the Opening of African Fast Food Stores in Silver Spring

Table of Contents
Introduction 3
Strategic Marketing Brief 3
Marketing Environment 4
Marketing Mix for African Fast Food Stores 4
Market Orientation 5
Microenvironment Influence 6
Macroenvironment Influence 6
Buyer Behavior 6
Purchase Decision Process 6
Buying Influences 7
Diffusion of Innovation Curve 7
Conclusion 8
References 9

Don't use plagiarized sources. Get Your Custom Essay on
Need an answer from similar question? You have just landed to the most confidential, trustful essay writing service to order the paper from.
Just from $11/Page
Order Now

The strategic purpose of our organization is based on the overarching aim of establishing a sustainable and lucrative business in the long run. The feasibility and sustainability of the fast food sector in Silver Spring have been verified by extensive research conducted on the competitive landscape, market trends, and consumer behavior.

Moreover, our organization is dedicated to integrating socially responsible activities into our overall strategic approach. Our objective is to contribute to the economic and social growth of Silver Spring through the implementation of strategies such as favoring locally produced products, building sustainable supply chains, and actively engaging with the local community. The dedication to social responsibility exhibited by businesses is in accordance with the anticipated standards of contemporary customers and has attracted prospective investors who prioritize ethical conduct in business operations.

Marketing Environment

The determination of prices plays a crucial role in shaping our marketing strategy. The price strategy employed by our organization incorporates various factors, such as our cost structure, market dynamics, and the purchasing power of our intended consumer base (Darmawan & Grenier, 2021). We aim to achieve a harmonious equilibrium between cost and excellence to sustain competitiveness and profitability within the fast-food sector. Location selection is another crucial aspect of our strategy. We will focus on urban areas in Silver Spring with high foot traffic and proximity to our target customers, ensuring that our stores are easily accessible and convenient (Wang et al., 2023).
In terms of promotion, our strategy includes advertising through digital and traditional channels and active engagement with the local community. We aim to build brand recognition and loyalty through advertising and community involvement.

Market Orientation

Our African fast food store venture’s market orientation is primarily customer-centric, with a strategic blend of product-centric elements. This approach acknowledges the importance of meeting our target market’s specific needs and preferences while recognizing the value of innovative product development.

Customer-Centric: Central to our market orientation is a profound comprehension of our client’s preferences and anticipations. Silver Spring is a community characterized by diversity, encompassing a wide range of tastes, nutritional habits, and cultural influences (Richardson et al., 2015). To tackle this variety, a substantial investment has been made in market research to comprehensively understand local consumer habits, preferences, and the dynamic nature of culinary trends. By emphasizing the customer’s viewpoint, we guarantee that our menu selections are customized to cater to the distinct preferences of the people of Silver Spring.

Product-Centric Elements: The primary focus of our approach is centered around the client, yet we acknowledge the significant significance of product quality, innovation, and difference within the fast food sector. It is well-acknowledged that providing a superior product is vital to attain a competitive advantage (Gupta & Ramachandran, 2021). Our dedication to a product-centric approach entails ongoing research and development efforts to craft exclusive menu offerings that seamlessly blend the familiarity of popular fast food choices worldwide with the distinct taste profiles of African gastronomy. Furthermore, we emphasize ensuring product quality and consistency throughout our entire network of stores to cultivate a robust brand reputation. By integrating these two viewpoints, we aim to deliver a cohesive and enjoyable eating encounter characterized by delectable and distinctive culinary options.

This positioning has strategic implications. To attract early adopters, we must emphasize our distinctiveness and excellence. As we move into the early majority phase, building credibility, dependability, and consistency will be crucial to winning over a broader customer base (Dube & Gumbo, 2017). As our products become more recognizable, we can use partnerships, loyalty programs, and menu expansion to sustain growth and customer retention.

Conclusion

In conclusion, our Silver Spring African fast food shop approach emphasizes customer service, product quality, and innovation. We appreciate Africa’s diverse culinary traditions and offer a culturally appropriate menu that stands out locally. Our long-term sustainability and social responsibility make us a formidable industry competitor. The marketing mix—product, price, location, and promotion—is adapted to local tastes, pricing dynamics, and accessibility. Micro and macroenvironmental elements guide our planning, and our customer-centric market orientation ensures our products satisfy Silver Spring inhabitants’ different tastes. Our Diffusion of Innovation curve position shows our versatility and readiness to succeed in this unique market. Our strategic marketing brief emphasizes the huge potential, cultural importance, and ethical business practices driving our ambition to be Silver Spring’s top African fast food.

Darmawan, D., & Grenier, E. (2021). Competitive Advantage and Service Marketing Mix. 
Journal of Social Science Studies (JOS3)
1(2), 75-80.

Dube, C., & Gumbo, V. (2017). Diffusion of innovation and the technology adoption curve: Where are we? The Zimbabwean experience. 
Business and Management Studies
3(3), 34-52.

Gupta, S., & Ramachandran, D. (2021). Emerging market retail: transitioning from a product-centric to a customer-centric approach. 
Journal of Retailing
97(4), 597-620.

Hogan, M. C., Norton, J. N., & Reynolds, R. P. (2017). Environmental factors: macroenvironment versus microenvironment. 
Management of animal care and use programs in research, education, and testing, 461-477.

Ramsay, J., Wagner, B., & Kelly, S. (2013). Purchase offering quality: The effects of buyer behavior on organizational supplying behavior. 
International Journal of Operations & Production Management
33(10), 1260-1282.

Richardson, N., James, J., & Kelley, N. (2015). 
Customer-centric marketing: Supporting sustainability in the digital age. Kogan Page Publishers.

Wang, R., Wang, Q., & Chiang, W. Y. K. (2023). Optimal Promotional Mix and Pricing When Faced with Uncertain Product Value. 
European Journal of Operational Research.