Marketing Plan
Krispy Kreme Company, an originally southern company, that is in business more than 60 years of cooking, glazing and selling donuts, and during the late 1990s, the Company has decided to expand nationally (Bir, 2003). Unlike other companies that may make known of their products by advertising, Krispy Kreme Company marketing philosophy is no advertising. The Company relies entirely on public relations to establish its presence and drive sales by building a long-term relationship with its customers. After the first successfully opening of its first Krispy Kreme Donut store in Issaquah, Washington State, Company is considering open another donut store in Seattle to expand its sales channel in Washington State. An evaluation of the company’s internal strengths and weaknesses and external opportunities and threats would be served as the basis for the marketing plan for opening additional store in Seattle. The plan concentrated on the company’s growth and marketing strategy, suggesting ways in which it can attract the new and old customers to feel the same excitement of opening additional Krispy Kreme store in Washington State.
3. Krispy Kreme should consider surveying its current customers and its customers’ clients to gain a better understanding of their changing needs and desires instead just relying on feedback of its customers. 2. As today’s consumers are more health-conscious, the “hydrogenated fats” in the donuts associated with the heart disease may prevent some consumers in choosing Krispy Kreme’s donuts as treats (Meyer, 2002). 3. The strategy of not building Kripsy Kreme store available everywhere may have limited its sale channels.
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Approximate Word count = 2210
Approximate Pages = 9 (250 words per page double spaced)
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