(2007‚ April 24). Russians go on a shopping spree. American Marketing Association. Retrieved June 3‚ 2007 from http://www.marketingpower.com/content1033719.php The demand for consumer goods is steadily rising in Russia. The increase in natural gas sales and rising oil prices has led to seven years of economic growth for the country. Russians are now spending 70 to 80 percent of their per capita income in the retail marketplace. By Western standards‚ many Russians are still considered
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Jerry’s Ice Cream Ben and Jerry’s ice cream shop is a company found by Ben Cohen and Jerry Greenfield back in 1978‚ when they began their company with a 12‚000 dollar investment. They opened the ice cream parlor in a renovated gas station in downtown Burlington Vermont‚ but after two months they closed down realizing that they were not making any profit. In 1980‚ Ben and Jerry rented space in an old spool and bobbin mill on South Champlain Street in Burlington and began packing their ice cream in pints
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THE PEOPLE’S PERCEPTION ON THE PRICE OF SELECTA MAGNUM ICE CREAM IN THE PHILIPPINES: AN ANALYSIS A Thesis Presented to The Faculty of Cosmopoint International Institute of Technology Quezon City‚ Philippines In Partial Fulfillment Of the Requirements in English 310 By: SEAN GONZALES MYLES CAPAREDA VANZ LAVADO April 16‚ 2012 ACKNOWLEDGEMENT The authors sincerely extend their heartfelt gratitude to the following important persons who‚ in one way or the other‚ extended their
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Ice-Fili (АЙС-θИЛИ) You cannot defeat a nation that enjoys ice cream at minus 40 Celsius. — Winston Churchill To survive in Russia’s ice cream industry during the 11 years since the collapse of the former Soviet Union was no small feat (see Exhibits 1 and 2). To be successful in these turbulent times was nothing short of amazing to industry observers. In 2002‚ Ice-Fili‚ a midsized Russian company with more than $25 million in sales‚ was Russia’s top ice cream producer. Surprisingly‚ it had
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company was privatised and rechristened “Ice Fili”. Anatoliy Shamanov‚ an expert in the technical processes essential in the frozen food industry‚ joined the company in 1968. After six years of service he decided to further his expertise serving in a variety of other roles elsewhere in the frozen foods industry. He later retuned as CEO in 1988 and was inspirational in leading the company through the vast changes that ensued. Ice Fili are Russia’s top ice cream producer so one could forgive Shamanov
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Club Gelato 1. Company Profile: Club Gelato is an ice-cream parlor offering Italian gelato with different flavors. It is a joint venture of Singapore and Bangladesh. In Bangladesh there is only one branch of Club Gelato which is in Banani 11. They take all the materials from Italy and manufacture the ice-cream over here. Club Gelato has made quite an impression on ice-cream lovers with its unique flavors‚ including the famed “Ferrero Rocher”. Club Gelato also serves gourmet coffee and delicacies
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How attractive is the Russian ice cream market? How is it likely to evolve? Market attractiveness refer to all the characteristics that contribute to the success of organizations within the market. Profitability is one and Exhibit 9 suggests profit margins for retailers and distributors are about 30% - 50%‚ and producers’ is about 15%. This is high in the Russian food industry where‚ the profitability in the confectionary industry was only 6% - 8%. The russian ice cream industry had about 300 companies
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ICE FILI CASE 1) Is Russia’s ice cream industry attractive? Yes‚ it is. Russia is one of the largest nations in the world and‚ as such‚ holds promising market share potential due to its sheer size in geographic‚ demographic and economic terms. Russians love ice cream‚ even in the subzero winter climate. Despite decreased market share due to recent increased consumption of beer‚ soda and confectionary products; the Russian ice cream industry is attractive due to its lower entry barriers
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structurally attractive is the Russian ice cream market? How is it likely to evolve? Analyzing from using five force model we can conclude that the structurally attractiveness of Russian ice cream market is quite low due to several reasons. Firstly‚ the crisis in 1998 had greatly reduced the consumption ability of ice cream market and increased the imported ingredients for producers. Secondly‚ Centralize planning system that is used in Russia caused the Russian managers to have little knowledge
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five forces analysis to illustrate the competitive environment for Russia’s ice cream industry. How is it likely to evolve? The competitive set of the ice cream industry is highly fragmented and very diverse. International brands such as Nestlé have through their size‚ position and also advertising expenses managed to capture market share. The local‚ much smaller producers on the other hand have the majority of the Russian population on their side. In addition their organizational structure and their
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