Preview

Market Research Kudler

Better Essays
Open Document
Open Document
1127 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Market Research Kudler
Marketing Research – Kudler Fine Foods

Michael Bennett

MKT/421

March 18, 2013
R. Wayne Downing

Marketing Research – Kudler Fine Foods

This marketing research discussion regarding Kudler Fine Foods is designed to identify certain requirements for Kudler Fine Foods to support their marketing plan for 2014. Marketing research is an important aspect to consider when developing a marketing strategy and is discussed further. Research needs must be identified so a plan to execute the research is developed. Competitive intelligence must be gathered and analyzed to generate an effective marketing plan.

Marketing Research Kudler Fine Foods has conducted market research in the past. The most recent survey was conducted in 2012. The survey was posted on the company website for random completion by random customer and viewers of the website. It is uncertain if the person completing the survey ever visited the store. This was not a scientific sample of customer opinion, but it gives Kudler Fine Foods somewhere to start when determining their research needs.
Survey
This survey consisted of 9 questions regarding customer service representatives’ courtesy, customer satisfaction with store appearance and selection of products. Other factors such as store hour convenience and the appearance of the merchandise on the shelves was reviewed. According to a Kudler Fine Foods survey taken in 2012, the item disagreed with most frequently is, “The merchandise sold is a good value for the money.” ("Kudler Fine Foods", 2012). Apparently a majority of customers do not see the value of gourmet foods. Customers shop at the stores knowing they are a gourmet foods supplier, and must understand that gourmet foods are going to be more expensive, but that does not mean they consider it a good value for the price. Another key piece of information gathered on the survey was the response to the statement, “The customer service representatives were



References: Kudler Fine Foods. (2012). Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Kudler2/intranet/docs/KFFSurvey02.xls Kudler Fine Foods. (2011). Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Kudler2/internet/news.asp Kudler Fine Foods. (2013). Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Kudler2/intranet/marketing-overview.asp

You May Also Find These Documents Helpful

  • Better Essays

    Kudler Fine Foods is the brain child of Kathy Kudler. She envisioned a one stop gourmet food store and has grown to three locations to date. She continues to maintain direct control over large bulk purchase order items, stringent customer service policies, and hiring. The following is a discussion of how the organization competes in the marketplace and the strengths and weaknesses of the firm as indicated by the marketing surveys completed by their customers. There will also be discussion of the market structure which best applies to the organization and how that structure positively and negatively affects the firm, how the effectiveness of the competitive strategies in the market structure affect the organization’s long-term profitability, and what competitive strategies recommendations may be made.…

    • 1028 Words
    • 4 Pages
    Better Essays
  • Better Essays

    In the Service Request for Kudler Fine Foods it is important to know the determination requirements of the project. The analyst need to identify the specific analysis methods used to determine user needs. The objective of a Service Request is to develop a new system for Kudler to track customer purchases through a Frequent Shopper Program to redeem loyalty points. To meet the goal for the Service Request analyst need to identify the specific analysis methods used to determine user needs. The basic process of analysis involves three steps:…

    • 865 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Kudler Fine Foods was founded in June 1998 by Kathy Kudler. Within nine months the store reached the break-even point and showed a profit by the end of the year. In the next five years Kudler Fine Foods would expand to three locations and has proven to be a profitable business. Currently, Kudler Fine Foods is a privately owned business but needs to expand. Three methods of expansion will be analyzed by SWOT analysis and feedback will be provided for a recommendation of the best method of expansion.…

    • 1383 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Kudler Market Structure

    • 1203 Words
    • 5 Pages

    The organization has developed a loyalty by its customers and has profited from this loyalty. The company has achieved profitability by expanding its services such as parties and frequent shopper programs (Apollo Group, 2011). The development of these added programs increased their revenue and expanded their customer base. Kudler Foods was the first to create these type of programs, first in their marketing area. Another way the company is competitive in the marketplace is through providing customers with new gourmet selections (Apollo Group, 2011). This allows the company to follow trends of its customers and being able to set a price on those items. By being flexible on their pricing, the company can change prices when there is need to stimulate the sale on select products. This keeps Kudler Fine Foods competitive in the…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Kudler Eco 365

    • 970 Words
    • 4 Pages

    Currently, KFF has minimal competition and owns a substantial portion of its market share. From the 2010 and 2011 customer marketing surveys, strengths and weaknesses of KFF strongly identify with the consumers view. The 2010 market survey shows KFF’s strengths to be convenient store hours, appealing atmosphere/décor, attractive displays, merchandise satisfaction, and the overall satisfaction of the store. Each category listed as strengths from the 2010 survey shows that less than 20% of the customers shopping at KFF express dissatisfaction in these areas. This analysis leads to the weaknesses shown in 2010. The weaknesses would be any category that has a customer dissatisfaction rate above 20%. Listed from weakest to weak; good value, good selection, courteous, and knowledgeable staff categories show red flags. These four categories alone define Kathy Kudler’s mission for creating an upscale gourmet shopping experience. The areas KFF most wants to prevail are the areas given the most dissatisfaction by customers. Looking into the 2011 market survey, it shows that dissatisfaction is rising in other categories. KFF strengths in 2011 according to its consumers are, store hours and the atmosphere/décor. Of the nine categories, customers show satisfaction with only two of the nine survey categories. This is a significant decline from the five satisfied categories…

    • 970 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Some ways they make themselves a great part of the exclusive market of fine foods. Some of Kudler’s ways Kudler makes this possible is by the expertise that is given with the gourmet setting at all the locations from the wine to the cheeses and other fine foods. Kudler went over and beyond to make sure the expertise was carried out by the use of the surveys they had customers and visitors to complete in 2010 and 2011. According to these surveys, Kudler showed strengths and weakness that they hold above the competitors are the outstanding customer relations and the enormous selection of the world’s best fine foods. The gourmet food was satisfactory for the money that was spent and appreciated by the majority of their customers. The high quality food for the right price and how the right price is deterred is another fine example of the marketing research. Some weaknesses of Kudler is indicated in the same customer surveys that where received these included the marketing Kudler uses for customer service and the display of the merchandise. In this instance Kudler can easily change the way it displays the merchandise and make the displays more attractive to make the equally appeal the intended customers.This Is a great example of when Kudler needs to do marketing research to help find answers and resources to fix the problems. Excellent customer service is Kudler’s primary focus this was noticed by…

    • 1058 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Kudler Fine Foods

    • 681 Words
    • 3 Pages

    Kudler Fine Foods wants to increase customer loyalty with offering more services, increasing the firm’s understanding of customers’ buying patterns, and giving more efficient operations. Customers will be informed through marketing and word of mouth (Virtual Organization Portal: Kudler Fine Foods). The company wants to widen its service by giving a catering service with the including the in-store parties that it currently offers. The company wants to utilize local organic growers to buy products. Planning and strategizing helps the organization create future goals and create the steps needed to accomplish those goals. The company needs determine how management can frequently scan grocery industry for ideas needed to make their vision a reality. Kudler Fine Foods need to capitalize its internal and external strengths. The company can achieve this by concentrating on the company’s values and mission statements. With a good strategic plan, the company can be successful.…

    • 681 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Kudler Fine Foods

    • 925 Words
    • 4 Pages

    In 1998 Kathy Kudler (owner), opened a gourmet food establishment with an ideal image of starting a business which provided the freshest ingredients as well as cooking instruments for individuals cooking benefit. Due to the company’s success Kathy has moved forward with expanding business. Business additions include three locations. Within the companies continued success Kudler’s foods continues to improve, provide and expand services to improve the operation while attracting and retaining customers. Kudler Fine Foods has generated a profit due to Kathy’s dedication to her employees, customers and operation. Kathy’s knowledge and awareness in regards to remaining successful will benefit the company as it develops effective marketing strategies included but not limited to tactics as well as marketing research.…

    • 925 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Throughout this paper, I will explain the marketing research on Kudler Fine Foods. This paper will also discuss the significance of marketing research and how it affects the evolution of Kudler Fine Foods’ marketing strategy and tactics. Then, the fields where further market research is required will be distinguished. Subsequently, the significance of competitive intelligence and analysis concerning the promotion of Kudler Fine Foods’ marketing strategy and tactics will be considered. Kudler Fine Foods Marketing Research Kudler Fine Foods is primarily located in southern California with three successful sites. The original store launched in La Jolla in 1998 by Kathy Kudler, a creative thinker who wished for a place where she could purchase everything she wanted so that she could make dinner and thought that opening a chain of gourmet markets was the answer. The Del Mar and Encinitas sites were in motion within five years (University of Phoenix, 2013). Marketing research comprises more than just talking to a consumer and asking them to fill out a survey answering questions to find out how they agree and disagree. It implicates the identification of the elements of the part of the population that is the target market, the way people live and their values, and the information collected while conducting the fundamental research and analyzing the information. The results can then be used to make current business strategies better, make business decisions that are based on supply, demand, the demographics, avoid any indiscretions, calculate a correct likelihood and accurate probabilities centered on consistency of past experiences, and decide which strategic expenses are sensible for the company. Marketing research draws in a lot of time and can be expensive, before making valuable marketing choices and a communication strategy, it is essential to reflect the different kinds of buyers and consumers, and…

    • 1084 Words
    • 31 Pages
    Better Essays
  • Powerful Essays

    The definition of marketing as stated by the American Marketing Association is that: “Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.” (marketingpower.com, 2008) Marketing is not a choice but yet an essential part of any business. Kudler Fine Foods is a local upscale specialty food store located in the San Diego metropolitan area. The company has three locations (La Jolla, Del Mar and Encinitas). Each store has a large amount of retail space located in a stylish shopping center. The stores are stocked with the very best domestic and imported produce (phoenix.edu, 2008). Kudler Fine Foods has decided to explore new options to which they might offer to their customers. This paper will first justify the importance of marketing research in the development of Kudler Fine Food’s marketing strategy and tactics. Next the paper will explain Identify the areas where additional market research is needed.…

    • 1298 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Kenler Foods

    • 1248 Words
    • 5 Pages

    This marketing research will justify the importance of Kathy’s team to develope a marketing strategy for Kudler Fine Foods (KFF), which currently has three-specialty gourmet supermarkets in Southern California. This research will also identify the areas where the KFF’s additional market research is needed, as well as analyze the importance of competitive intelligence and analysis regarding the development of KFF’s marketing structure and tactics. Also examined are KFF’s strengths and weaknesses indicated by marketing surveys completed by their customers.…

    • 1248 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The company continually strives to drive innovation within the confectionery category and offers its brands in a variety of formats and pack sizes, relevant to today’s changing consumer environment. Critical to this success is innovation in the development of new products and brands. Gathering information can be done by either desk or field research. Market research is the gathering, recording and analysing of information about markets and their probable reaction to product, price, distribution and promotion decisions. Market research is critical for successful NPD and marketing mix planning.…

    • 2162 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    marketing research

    • 1440 Words
    • 17 Pages

    On completion of this Lecture and Unit 9 of the text, you should be able…

    • 1440 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    Market Research

    • 1360 Words
    • 6 Pages

    Product positioning is what comes to mind when your target market thinks about your product compared to your competitor’s products. When you hear Rolls Royce automobile, what do you think? Probably: highest-end luxury and exclusivity. That’s their positioning. There’s no confusing the positioning of Rolls Royce and Hyundai.…

    • 1360 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    market research

    • 2658 Words
    • 11 Pages

    With the flourishing recognition that store design is one of the restaurant’s most important concerns, store designing has emerged as top management priority in most restaurants businesses nowadays; various gizmos are employed to attract clientele, thus increasing profitability.…

    • 2658 Words
    • 11 Pages
    Good Essays