group assignment about ths group

Big idea: TH true BEAN brings a line of quintessential natural products, pure sweetness,freshness, nutrition, and diverse flavors.. 4P analysis: Product: TH true Bean''''s green black bean

GROUP ASSIGNMENT

Class: BA17D01 Subject: MKT201 - MKT304 - MKT318m - FIN202

Lecturers:

Nguyen Thi Thu Hien Nguyen Thi Doan Trang Nguyen Mai Hoang Vy

GROUP 7

Members:

Nguyen Thi Thu Uyen - DS170084 Bui Thi My Tam - DS170149Nguyen Thi Kim Ly - DS170109 Hoang Thi Thu Hang - DS170002

Da Nang, 2023

2 Reasons for choosing the product:

III Product development:

II Competitor analysis:

III Positioning map:

A OVERVIEW BRAND:

I About TH group:

● Establish: in 2009

● Founder: Entrepreneur Thai Huong

● Meaning of the brand: the word True Happiness - True Happiness.

● Core value: “Completely Natural” and “For Community Health”.

● Product line: TH Group has been operating several foods and beverage

projects including manufacturing and processing fresh milk, nut milk, vegetable, herbals, purified water, fruit juice…

● Finance: The enterprise was established under the main financial advice of

Bac A Commercial Joint Stock Bank - stock code is THMILK

II Brief introduction about the industry- Reasons for choosing the product:

1 Industry overview:

Black bean water is one of the types of water with high nutritional and healthbenefits A delicious choice for those who are vegan or want to avoid dairy.However, the development of this market in Vietnam is still not promisingenough Currently, bean juice product lines often only exist at a manual level orare produced by small businesses

2 Reasons for choosing the product:

If in 2002, the average person in our country only consumed 6.04 liters/year ofsugary drinks, then in 2021 it will increase to 55.78 liters/year This figure showsthat after only nearly 20 years, the use of sugary drinks in our country hasincreased 10 times (Medinet.gov.vn, 2023) Noticed a rapid increase in the use ofsugary drinks photo directly affects consumer health With the desire to raiseawareness, improve lifestyle, health quality and create a new, attractive businessenvironment in the food and beverage industry Taking advantage of reputablequality to create a large-scale product, from raw materials to finished productsfrom TH Group This product line currently does not have a large facility that hasinvested in development or has a high reputation in the Vietnamese market This

is an opportunity to quickly reach customers and create an outstanding productline called age in the Vietnamese market

III Product development:

1 Big idea:

TH true BEAN brings a line of quintessential natural products, pure sweetness,freshness, nutrition, and diverse flavors The product is a safe and great choicefor everyone from children to the elderly, vegans, weight loss,… The productcares about consumers’ health, safety, quality and direction To a natural healthcommunity The product provides nutrition for the body, prevents a number ofdiseases and accompanies people for a long day of fun, study, work full of energyand a healthy lifestyle

Great taste: The product has new flavors with unique formulas, bringing an4

attractive and interesting experience to customers

3 Formula, ingredients, production process:

Formula

Ingredient:

(The main ingredient is green black beans, grown concentrated on large samplefields in Thai Binh and Nghe An provinces by FVF International Clean Fruit andVegetable Production and Supply Joint Stock Company - part of TH Group )Water: Is the main ingredient that creates the structure and solution of theproduct

Green black beans: provide the product's characteristic flavor and color.Refined sugar: (low content) creates taste

Lotus seeds, chia seeds, brown rice, honey, aloe vera

Production process:

Step 1: select the finest beans, clean them and peel them

Step 2: put the beans in the machine and dry until the beans are fragrant.Step 3: put in blender and filter through sieve and then cook

Step 4: put into the mixing line

Nutritional Ingredients Amount per Bottle

Brown Rice Flavor 5g

Step 5: bottling process, creating finished products for consumers.Function:

o Traditional black beans: clears heat, detoxifies the body, is good for the heart, beautifies the skin, regulates blood pressure

o Black beans with lotus seed flavor: support insomnia, improve taste, inflammatory, anti-oxidant

anti-o Black beans and chia seeds: detanti-oxify the banti-ody, suppanti-ort digestianti-on, pranti-ovide minerals (potassium, iron, magnesium, phosphorus), anti-oxidant

o Black beans mixed with roasted brown rice: beautifies the skin, helps stabilize blood circulation, prevents diabetes and kidney stones

4 Price: 10,000 VND/ bottle

B ANALYSIS:

I SWOT model:

STRENGTH

Prestigious brand

High quality of raw materials

Strong financial potential

Large distribution system

High market coverage

WEAKNESS

Invest in design development, balance prices with the general market, high quality, low price.Supply chain: influenced by external factors, the quality of rawmaterials needs to be guaranteed

OPPORTUNITIES

Enhance marketing and

advertising

High customer demand

Level of market competition

Product line- Diverse

THREATS

Fluctuations in raw material prices on the marketSubstitute products in the market Direct competition with TH products: filtered water, fruit juice, rice water,

II Competitor analysis:

Product Feature Price

Tan Hiep Phat Number 1 Soya Canxi - Helps support bones from

deep inside

- Enhance the health of the body

8.000-10.000 VND/ bottle

Nutifood - Nutizen soy milk and aloe

vera

- Nutizen aloe vera fruit milk

- Nutizen milk thistle tea

- Nutizen bird's nest water

with chia seeds

Provides many important vitamins and minerals for the body such as (A, E, D3),collagen,

9.000 - 11.000 VND/ bottle

Vinamilk - VFresh (orange, apple,

grape, guava, )

- Coco fresh coconut

- Supplementing natural vitamins for beautiful skin

- Add energy, strengthen theimmune system, support

35,000-40,000 VND/ 1 liter

good resistance

Suntory

Pepsico

O Long Tea+ without sugar

O Long Tea + lemon flavor

- Helps reduce cholesterol, protect cardiovascular health

- Protects the digestive tract,stabilizes blood sugar

8,000 - 10,000 VND/bottle

TH - TH true TEA (lemon green

tea, natural oolong tea)

- TH true RICE (roasted rice,

red brown rice)

- TH true JUICE (orange,

apple, peach apple)

- Lose weight, stabilize blood pressure, good for the heart

- Stimulates intestinal mucosa activity, increases absorption, and eases digestion

- Manage diabetes, preventcancer

- Supports digestion, brightens skin, anti-oxidant

10.000 – 18.000VND/bottle

III Positioning map:

IV 4P analysis:

Product:

TH true Bean's green black bean juice is not only a unique drink, but also aperfect combination of delicious taste and nutritional quality The product ismade from fat-free green black beans, combined with natural flavors andimportant nutrients that can be suitable for all ages This creates a unique andattractive product for

consumers, especially those who focus on health benefits and self-careprioritizing convenience…

Price:

TH true Bean's pricing strategy is built on the special value the product brings.The price is consistent with the general level of products on the market, but stillensures high quality, natural raw materials and advanced processing technology.This price is an impression of brand reputation and quality for customers, whilealso meeting expectations for a unique experience and health value

Place:

To ensure the product reaches the right customers, TH true Bean black bean juice

is distributed at specialized sales points, including organic food stores andsupermarkets specializing in organic products, facilities, and health care stores.And distributed in both rural and urban areas In addition, building relationshipswith reliable distribution partners helps products reach a large number ofpotential customers in the market

Promotion:

The advertising campaign of TH true Bean green black bean drink focuses oncommunicating the value and benefits of the product to customers Throughonline advertising on websites, social networks and e-commerce sites, productswill be widely promoted At the same time, creating quality content about healthbenefits and product uses will help increase customer understanding and drivepurchasing

decisions Promotional programs, influential sponsorship activities oraccompanying gifts featuring TH true Bean will also be applied to stimulateshopping and enhance product appeal.

V Customers:

1 Consumer behaviour:

Life / Style - Lover of healthy

- Vegetarians and Vegans

Personality - Dynamic and vibrant

- Likes new things,

Usage rate 2,5 - 3 liter /week 3 - 3,5 liter / week 2,5 - 3 liter /week

- Pay attention to form

- Drinking to help you

- Taste easy to drink

- Bold flavor, not sweet

- Helps prevent diseases

lose weight, have

beautiful skin and figure

in consumer expectations of brands A competitive product not only provides anaffordable price but also ensures stable quality Notably in specialized segmentssuch as bottled water - maintaining customer loyalty is a very importantcondition.

3 Target customers:

TH true Bean's target demographic focuses on individuals between the ages of 15

- 35 years old The rationale behind this strategic choice is diverse First, TH trueBean identified the resonance between the brand's special attributes - specificallythe fresh, creative, natural, modern spirit - as the trend of this customer segment

A significant proportion of individuals in this age group are students or workers,showing that they are people who require dynamism, novelty, convenience andnutritional value a day of their activities Notably, the age group from 15 to 35, aperiod characterized by a tendency to both like new things but also desire safety,drives the need to use and find suitable solutions when launching the line newproduct This period also corresponds to a time marked by profound adjustments,personal, financial, and lifestyle Important factors that influence establishinglong-term brand loyalty with TH true Bean determine lead generation patternsand the likelihood of adopting cyclical or cumulative purchasing behaviours

4 Insight:

Based on the insights gathered from the interview process, it is clear that the current customer trend is that they care about health and a healthy lifestyle, and

they research and prioritize products that are convenient, but still brings certain health values, especially in the age group of 15 - 35 - facing a lot of study and work activities outside These individuals find that using bottled water that has nutritional value and internal health benefits is a perfect combination that fits their context Instead of using hand-cooked drinks, which take time, are difficult

to balance taste, are difficult to use, and have limited value, now TH true Bean products have partly solved most of the difficulties of customers row It is convenient, easy to drink, affordable, brings health benefits and changes their consumption habits

C MARKETING STRATEGY:

I Campaign objective:

Increase market share to 13%

Increase brand awareness by 65%

Push product trials (online and offline channels) to 200,000 visitsRaise community awareness about the importance of health

Increase coverage and build brand image in the market

Promote consumer purchasing awareness

II Media plan:

1 Digital marketing:

For Youtube, Facebook, Tiktok, TH TRUE BEAN will officially upload theTVC "Pure sweetness, health from nature" TH true Bean launched TVC onJanuary 10, 2024 The advertising message that TH true Bean conveys is blackbean water, a familiar drink in Vietnamese culture since ancient times, with asweet and cool flavor, not only does it help cool down and purify the body, but italso brings many health benefits.

In modern life, the pressure of work, study and love for Gen Z generation cancause stress and fatigue TH black bean water becomes a great solution to helpthem relieve stress, restore energy and spirit The sweet and delicious taste of THblack bean water is like a cool breeze, dispelling fatigue and anxiety In addition

to helping quench thirst and purify the body, TH black bean water is alsobeneficial for health with 100% pure black beans, providing energy, vitamins andnecessary minerals It also supports digestion and prevents constipation, suitablefor all ages, both children and the elderly The film ends with a messagesuggesting that TH Black Bean Drink is not just a drink, but also a spiritualconnection between generations TH black bean water is truly a bridge, bringingpeople closer together in love and memories TH true Bean will run TVC tohighlight its campaign on this social network channel to better communicateabout this campaign

2 SMS marketing:

TH True Bean will use AI Chatbot technology to send health care messages tocustomers TH True Bean can deploy campaigns on online communication

channels, such as email, mobile applications, or through traditional channels,such as SMS, phone,

The valuable message: Health is the most valuable asset of humans - Messagesemphasize the importance of health, encouraging customers to take care of thehealth of themselves and their loved ones Messages demonstrate TH True Bean'scare and concern for customers, helping them feel appreciated and attached totrademark

Send to parents:

"Dad/Mom, let's start the day with a delicious glass of TH black bean drink to

be full of energy and optimism!"

Send to grandparents:

"I wish you a very peaceful day Please drink lots of TH black bean water to stayhealthy and live a long life!"

Send to lover/husband and wife:

"My dear, let's start the day with a delicious glass of TH black bean drink to befull of energy and spirit of love!"

Send to friends/siblings:

"My friend, start your day with a cool glass of TH black bean water to dispelfatigue and be full of energy!"

3 Out- of - home media:

Location: H ng V ng - ng ch Khi m intersection, Da Nang, Vietnam.u uo O I e

Reason: High traffic volume, Extended red light time, High frequency of exposure;

Helping the advertisement to be seen by many people

Billboard in HCM

Location: 60-62 C ch M ng Th ng T m, District 3, Ho Chi Minh City.a a a a

Reasons: Prime location, located in the city center - High traffic density with 1,313,000 vehicles per day and night

of the vending machine Customers who answer the question correctlywill receive a free TH true Bean’s product

Time: 1 week

Location: Parks and crowded areas in 3 big cities (Hanoi, DN, HCM)Question about TH black bean water:

What ingredients is TH black bean water made from?

What effects does TH black bean water have on health?

How many types of TH black bean juice are there?

Question about black beans:

Where do black beans come from?

How many types of black beans are there?

What dishes can black beans be processed into?

Program "Intellectual challenge - Receive free TH black bean water" of THTRUE BEAN This program introduces a creative way to interact directly withcustomers and create a special connection through asking questions related to THblack bean juice The rules of the program are simple: Customers participate byanswering questions about TH black bean juice or black beans Questions willappear on the screens of vending machines at traffic points and crowded areas.The event lasts for 1 week in parks and crowded areas in Hanoi, Da Nang and HoChi Minh City Those who participate and answer the questions correctly willreceive a free bottle of TH black bean juice, creating excitement and positiveinteraction with the brand Program "Intellectual challenge - Receive bean juice