2011 International Conference on E-business‚ Management and Economics IPEDR Vol.25 (2011) © (2011) IACSIT Press‚ Singapore Managing the Diffusion of innovation in Ready-To-Eat Food Products in India T.Sarathy1 and Shilpa Gopal2+ 2 1 Periyar Institute of Management Studies‚ Periyar University‚ Salem University Research Fellow‚ Periyar Institute of Management Studies‚ PeriyarUniversity‚Salem Abstract: Food occupies a major purchase amount of the normal consumer. Food consumers have moved up Maslow’s
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Here we have done a project on a READY TO EAT FOOD INDUSTRY as a part of MARKETING RESEARCH INFORMATION SYSTEM course. The current situation is made known to the students when they undertake the project. The project gives better insides into the application part of the theory. The companies in an industry and their operations can be better known by the students when they analyse the data‚ and prepare the project. This project is on the study of READY TO EAT FOOD market of India. We have done analysis
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Executive Summary Indian snack food industry comprises of many Indian as well as MNCs. The Indian snack market reached a value of $307.7 million in 2001. The Indian snacks food market is of the order of 400‚000 tones. This wide range of products are categorized under Potato / Banana Chips‚ Namkeens & Fun-Foods. The organized market for chips is estimated to be 6500 tons valued at Rs.2 bn. The market for branded chips has been growing at a fast pace of around 20-25 % annually.
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History Modern convenience food saw its beginnings in the period that began after World War II in the United States. Many of these products had their origins in military developed foods designed for storage longevity and ease of preparation in the battle field. After the war‚ many commercial food companies were left with surplus manufacturing facilities. These companies developed new lines of canned and freeze dried foods that were designed for use in the home. Like many product introductions‚ not
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Introduction Fast food is the term given to food that can be prepared and served very quickly. While any meal with low preparation time can be considered to be fast food‚ typically the term refers to food sold in a restaurant or store with low quality preparation and served to the customer in a packaged form for take-out/take-away. Outlets may be stands or kiosks‚ which may provide no shelter or seating‚ or fast food restaurants (also known as quick service restaurants). Franchise operations which
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originally written while I was in still in grad school. When I’m in an expansive mood‚ I like to say that I invented currency crises – not the thing itself‚ which goes back to the invention of paper money‚ but the modern academic literature. And business has been good ever since. Now‚ most of what has gone wrong with the world these past two years has not taken the form of classic currency crises (though give it time – the Baltic nations‚ in particular‚ seem well positioned to follow in Argentina’s
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The Ready to Eat Breakfast Cereal Industry in 1994 Market demand for cereal was elastic 1. Why has RTE cereal been such a profitable business? What changes have led to the current industry crisis? Profitability- a. RTE has been very profitable – posting ROA’s in the 15-30% range. b. Restrained competition thru effective unwritten agreements for the big three to work together on restricting – trade dealing‚ in-pack premiums‚ and vitamin fortification‚ these were viewed as powerful tools for
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1 Why Industry Ready-to-Eat cereal been such a profitable business? What changes have led the industry to a "crisis"? Through an analysis of Porter’s 5 Forces focused on competitors‚ we highlight the elements that determine profitability: The suppliers of this industry would be cereal farmers who do not have much power as this product is a commodity. So any provider is easily replaceable. Customers must breakfast and this is a very good option‚ are hamstrung against price changes
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Ready To Eat Cereal 1) The Big Three firms‚ Kellogg‚ General Mills‚ and Philip Morris‚ formed practically an oligopoly in the RTE cereal market. Their price and cost levels moved in lockstep‚ following signals sent mostly by the biggest player‚ Kellogg‚ while their tactics could be used against outside competition‚ as suggested in the scenario below. Although RTE cereal is a basic food item and production technology stabilized for about half century‚ the industry had effective barriers to entry
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on Indian ‘Ready-to-Eat’ Food Industry 1. Problem Identified 1.1 Problem Definition Indian lifestyle is undergoing a massive socio-economic change‚ which is also being reflected in food habits. Owing to this fact‚ India is experiencing a significant growth in the ‘Ready-to-Eat’ Food industry. The Indian ‘Ready-to-Eat’ industry is making a huge progress and Ready-to-eat foods market in India is expected to reach Rs 2900 Cr by 2015. The popularity of ready-to-eat packed food now is no longer
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