Preview

Greggs

Powerful Essays
Open Document
Open Document
3139 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Greggs
International Marketing Strategy
Laura Klinke
BAMBA 2010
Assignment

Table of Content

I. Executive Summary 3
II. List of Figures 4
III. List of Appendices 4 1. Introduction 5 2. About Greggs 5 3.1. The History 5 3.2. Greggs in Numbers 6 3.3. Greggs Foundation 6 3.4. SWOT-Analyse 7 3. PESTEL – Analyses 8 4.5. Australia 8 4.6. Canada 9 4.7. India 9 4.8. Ireland 10 4.9. PESTEL-Evaluation 11 4. Market Entrance Strategy Ireland 12 5. Marketing Mix 13 6. Conclusion 13 7. Bibliography 15 8. Appendix

I. Executive Summary

This report is an assignment in the course International Marketing Strategy. It is about the British company Greggs, a well-known bakery retailer in the United Kingdom. Greggs wants to expand its business into a foreign market. The author had the choice between for countries – Ireland, Canada, Australia and India. In the report it is the task to find the best country to invest in.

With the help of the SWOT analyse the author was able to find out the strength and weaknesses as well the opportunities and threats of Greggs. This will help to choose the suitable country.
After this, the author was able to find the optimal country with the aid of the PESTEL framework.

After finding the right country to expand to the author will describe the ideal market entrance strategy and a optimal marketing mix to be successful.

II. List of Figures
Figure 1: Greggs Logo: Greggs (2010) Home [Online] www.greggs.co.uk [Accessed: 02/11/2010]
Figure 2: SWOT-Analyse (own figure)
Figure 3: Flag of Australia: Wikipedia (2010) Australia [Online] http://en.wikipedia.org/wiki/Australia [Accessed: 07/11/2010]
Figure 4: Map of Australia: Wikipedia (2010) Australia [Online] http://en.wikipedia.org/wiki/Australia



Bibliography: * Duncan Baird Publishers (2002) Australia: Eyewitness Travel Guides London: Duncan Baird Publishers * Duncan Baird Publishers (2004) Canada: Eyewitness Travel Guides London: Duncan Baird Publishers * Duncan Baird Publishers (2004) Ireland: Eyewitness Travel Guides London: Duncan Baird Publishers * Durmmond, G., Ensor, J * Johnson, G., Scholes, K. and Whittington, R. (2002) Exploring Corporate Strategy. 6th ed., Edinburgh: Pearson Education Limited * Taliashvili, G., (2009) Joint Venture Company – JVC under German and UK jurisdictions, 1st ed., Norderstedt: GRIN Verlag Web Page * Wikipedia (2010) “Home” [Online] www.wikipedia.com * Greggs (2010) “Home” [Online] www.greggs.uk.ac

You May Also Find These Documents Helpful

  • Powerful Essays

    Greggs competes with all bakery chains and food outlets as well as coffee shops to gain customers as Greggs relies on people needing food so they must make their products affordable and of high quality in able to ensure that customers will choose their products rather than other food retailers. Greggs has also set the standard for other bakery chains by expanding outside of the UK with two shops in Belgium and plans for many more shops in Europe making them the first british bakery chain to attempt and expansion outside of the UK. In 2008 the global bakery products market is estimated to have been worth US$275 billion making it a very profitable market which is ever increasing.…

    • 3143 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    McDonald’s is a fast growing international business that desires to attract customers in all countries and cater to their needs, wants, and desires. Many countries include the American Cultural Icon that McDonald’s has created but not all desire the soy and beef products, so McDonald’s has decided to cater based on the specific countries desires. When an organization decides to go international, unfamiliar political and governing regulations are presented. The new organization will be considered an outsider and will receive much suspicion from the natives as to how this new venture will operate in their country. As will be obvious throughout this paper McDonald’s is really the king of adapting its business to the various cultures of the countries they operate in. This paper will summarize the findings from previous Learning Team assignments, and include the rationale for selecting a target country based upon previous learning team Country Risk Analysis. This paper will determine the marketing mix specific to the selected global product and service and explain the choice of marketing mix. A marketing plan that addresses product modification,…

    • 7188 Words
    • 29 Pages
    Powerful Essays
  • Satisfactory Essays

    Swot Analysis Of Greggs

    • 331 Words
    • 2 Pages

    The company believes in investing on internal development to gain access to the markets and products in which they operate. In the previous year 2 new bakeries were opened to further this point, these are based in Newcastle and Cumbria. (Greggs, Netherton 2011) This means they would be producing exactly what they…

    • 331 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Introduction to Greggs

    • 440 Words
    • 2 Pages

    * 35% reduction in salt and 17% reduction in fat in our core confectionery lines…

    • 440 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Qantas PESTLE

    • 2562 Words
    • 11 Pages

    Qantas began in the Queensland outback during 1920. It was first registered as the Queensland and Northern Territory Aerial Services (QANTAS) and has since grown to be Australia's largest domestic and international airline, as well as one of the strongest brands in Australia, employing close to 35,000 personnel worldwide (Qantas, 2010).…

    • 2562 Words
    • 11 Pages
    Best Essays
  • Better Essays

    External Greggs

    • 1233 Words
    • 5 Pages

    Social trends affect the success of Greggs. For example, in early, there was a horse meat scandal in the UK: in January, it was discovered that horse meat – predominantly from Eastern Europe – was imported to the UK and being sold as beef. As a result, all across the UK, sales in beef products dropped significantly, as people became more wary about they ate. Furthermore, today’s society is a lot more health conscious than previous generations, meaning some people would rather spend £3 getting a healthier lunch i.e. a Caesar Salad than a Greggs pastry.…

    • 1233 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Greggs Swot Analysis

    • 1072 Words
    • 5 Pages

    One advantage to Greggs of the vision and values it holds is the ability to attract customers due to its focused approach. “to be the number one for sandwiches and savouries...” is Greggs’ vision and this translates well through to all stakeholders. Customers are promised “a wide range of great tasting food made with quality ingredients.” This quickly helps customers to accept that the low price afforded to them does not reflect low quality. Therefore, customers are more likely to buy from Greggs as the combination of low price and high quality is their stakeholder objective. This means that Greggs should be able to build a vast customer base with many loyal customers which will improve cash inflow for Greggs.…

    • 1072 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Michel’s Patisserie

    • 2538 Words
    • 11 Pages

    This report analyses the expansion of Michel’s Patisserie into the Chinese market through the creation of joint venture franchise agreements. Michel’s will be evaluated based on the motivations for expanding to China, process of internationalisation, choice of entry mode, and standardisation versus adaptation decisions. This analysis will be undertaken so that recommendations can be made to determine the most effective means of securing the future success of Michel’s in Shanghai. It will be demonstrated that while the motivations for expansion were fundamentally sound (being largely proactive rather than reactive), Michel’s Australian managers should have invested more time and money into research before the commitment was made. The process of internationalisation was perhaps too informal and while the entry mode was sound, there should have been more support for the franchisees from Australian management. Moreover, the initial standardisation versus adaptation decisions did not recognise the significant differences in culture and tastes in Shanghai. Accordingly, we have recommended that Michel’s Patisserie develop a long-term strategic commitment sympathetic to cultural, social and legal differences, and invest more heavily in advertising to establish the brand and avoid confusion regarding its French-Australian origins. Further, Michel’s may continue to test the market and engage in further research to determine the most viable product offerings for the Shanghai market.…

    • 2538 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Camar Automotive Hoist

    • 944 Words
    • 4 Pages

    Recently the major project and problem is that Mark Cammar, President of CAH, determine what marketing strategies should be implemented for this move to the European market in 2001 from these options such as, licensing, joint venture and direct investment, in order to succeed in this business in the future.…

    • 944 Words
    • 4 Pages
    Powerful Essays
  • Best Essays

    This individual assignment will be assessed by means of a 3,500 ± 10% word Report. The assignment has been designed to allow you to develop and use your knowledge and skills in understanding key strategic issues relating to food retail internationalisation. You will be required to apply the strategic concepts and analytical techniques studied in this module. All the learning outcomes below will be assessed:…

    • 1267 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Ruth Chris's Bakwas

    • 424 Words
    • 2 Pages

    France – French people have a fascination for beef and the consumption rate is over 100. Being densely populated and having an urbanization rate of 76% makes France an ideal location for business expansion. France is also known for wine which is a good combination with steak. France is also a country which favours tourism giving an advantage for company expansion.…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    References: Johnson, G. and Scholes, K. (1993, 3rd. edition) Exploring Corporate Strategy, Hertfordshire, Prentice Hall Int. (UK) Ltd.…

    • 2625 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    The Grafton Group Project

    • 11906 Words
    • 48 Pages

    Johnson, Gerry, Scholes, Kevan, Whittington, Richard – Exploring Corporate Strategy, 8th Edition, FT Prentice Hall, 2008…

    • 11906 Words
    • 48 Pages
    Powerful Essays
  • Powerful Essays

    This report aims at facilitating the company’s decision-making process concerning the consideration of expanding its international operations in food retailing to South Africa. The overall competitiveness and investment attractiveness will be based on the extended version of Porter’s National Diamond and supplemented with key management issues of South Africa food retail industry, to which the company can tailor its strategy. The analysis recommendations will be made, that need to be considered by the company before deciding in opening its operations in South African food retail industry.…

    • 4597 Words
    • 19 Pages
    Powerful Essays
  • Best Essays

    Bp Analysis

    • 974 Words
    • 4 Pages

    1. Johnson, G., Scholes, K. and Whittington, R. (2008), Exploring Corporate Strategy: Text and Cases, 8th Edn. Edinburgh: Pearson.(pp 54-67)…

    • 974 Words
    • 4 Pages
    Best Essays