Professional Documents
Culture Documents
HANBOK Restaurant
HANBOK Restaurant
Marketing Strategy
contents
1) Executive Summary..............................................................................................02
2) Background .............................................................................................................02
a. Companys Background ................................................................02
b. Introduction about the Product/Service ................................03
c. The purpose of the marketing plan ..........................................06
3) Situational Analysis .............................................................................................07
a. Company Analysis......................................................................................07
b. Marketing Environment Analysis ........................................................08
c. Customer Analysis .....................................................................................10
4) Competitor Analysis.............................................................................................13
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HANBOK Restaurant
Marketing Strategy
I/ CONTENT
1. Executive Summary
Today, the Vietnamese economy is in the process of globalization. Go along with it is a
tremendous spread a culture. South Korea emerged as a powerful national influence the
people and culture of the region, as well as the world. Through cinema, music, fashion ...Korean
culture gradually became a wave in most of the countries, including Vietnam. That leads to a
range of services to follow the model of Korean culture as Korean shop clothes, Korean
eateries ... Korean cuisine is said to match the taste of the majority of Vietnamese. So more and
more Korean restaurants are opening in Vietnam day by day. The competition is extremely
large when the customer is limited while there were so many vendors. That forced the
restaurant, restaurants to have your own marketing strategy plays against pressure from
rivals. Here is the solution marketing strategy, effective group that we had planned to make for
their products.
2. Background
a) Companys Background
Old Vietnamese men often said: "eat to be full, wear to be warm" to refer to the importance
of food and clothing. But when society grows, the thought was becoming: "live to eat, wear
to be nice" to show the sophisticated in the way of food, clothing. The introduction of
Korean culture in Vietnam needs to enjoy the South Korean main dish of the people in
general and youth in particularly strong increasing. To meet urgent needs, many Koreanstyle restaurants have been open. After a while, the client gradually restricted to this
restaurant for many different reasons such as price, quality of food, service attitude of staff,
not Korean imbued, etc... Realizing the huge potential market of Korean restaurants, we
decided to set up a new-generation restaurant and overcome the weaknesses,
shortcomings from the model has a completely different style compared with the existing
style restaurants in the area. Since then, the HANBOK was born.
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HANBOK Restaurant
Marketing Strategy
When we talk about Korea, we cannot forget about their traditional costume, thats Hanbok. Hanbok
has become the best characteristic thing in Korea. Inspired by this, we decided to take the
Hanbok" as the name for the restaurant, to create maximum inspiration for guests when
they come to shop and recommend the most special services of the restaurant. When you
come to the restaurant, the first words you will see: "Tri nghim Hanbok, ni saranghae",
and this is also the slogan of the restaurant. Saranghae in Korean means "I love you". This
slogan speaks our wishes when the guests come and be satisfied all of the services
Our Logo
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HANBOK Restaurant
Marketing Strategy
o Product
Korean food and drink: We serve traditional Korean food that often appears in the media,
especially film and social networking, including:
Kimbap: is a popular Korean dish made from
steamed white rice (bap) and various other
ingredients, rolled in kim (sheets of dried laver
seaweed) and served in bite-size slices. Gimbap is
often eaten during picnics or outdoor events, or as a
light lunch, served with danmuji or kimchi.
HANBOK Restaurant
Marketing Strategy
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HANBOK Restaurant
Marketing Strategy
o Service
In general, our restaurant will serve customer to eat and bring to them a Korean space so
that they can experience. Customers will wear Korean costumes-in case they need-with no
cost. Taking pictures is absolutely offered.
Another service that support for our finance is that we will rent our clothes for the outside
customers. Identifying that the Youth have the demand to wear special clothes in order
taking pictures or they will use Korean costumes for other reasons. When research in Da
Nang, it seems that in Danang, Korean costume is not popular or it can be said that very
rare. From this identifying, our restaurant will order more a numbers of clothes and for
rent for whom who have demand. This can be seen a business which comes from the
derived demand and will help our restaurant sooner to get the break event. The cost for a
costume will be 40 thousands dong for per day.
c. The purpose of the marketing plan
This model is a new Korean restaurant in Da Nang City. Although this is a new restaurant and
have many differentiations with other restaurants, but HANBOK has to face some difficulties if
it will be maintained. Thus, HANBOK need an effective marketing strategy that customers will
receive the full its value, have strong relationships with the restaurant and it can be able to
capture value from customers in return. It requires us, the members of the company to work
seamlessly together, get step by step in the process of confirmed the position of the HANBOK
in customers mind for a long time.
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Marketing Strategy
3. Situational Analysis
a) Company Analysis:
SWOT Analysis
STRENGTHS
OPPOTURNITY
1. The tourism in Da
Nang is developing,
which is attracting
many domestic and
foreign tourists, so we
can expand the target
of customers such as
tourists.
2. Due to new type and
style, we havent had
direct competitors and
it seems easy to
overcome
the
competitions about all
aspect.
3. The youth is having
been influenced by the
cultural
of
Korea.
Therefore, the large
amount of potential
customers.
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WEAKNESS
1. Diversifying service.
(
)
2. Take advantage of the unique
position on the market that
having not direct competitors
yet so that we can develop
products, promote the brand,
attract
customers
and
improve management skills. (
)
HANBOK Restaurant
THREAT
1. This type has very low
barriers so it has
potential competitors.
2. Must create the deep
impression
in
the
customers mind.
3. Pressure in maintaining
the number of regular
customers.
Marketing Strategy
1. Take advantage of opportunities to
take the long-term development
strategy
and
maximize
the
available resources., make the
barriers higher and stronger to
competitive
with
potential
competitors. (
)
2. Maintain and improve these
services to make the deep
impression on customers.(
)
3. Develop the staff and maintain
reasonable price to raise the
number of regular customers. (
)
1. Perform
the
brand
advertising campaign such as
flyers, social networking,
journalism, media ... (
)
2. Diversification the target
customers base on available
relationships
and
social
networks (Facebook, Twiter,
etc)
Nature: Da Nang is located in the temperate climate and low volatility, climate
change is not clear. That facilitate to people's life convenient in work as well as
entertainment. Consumers easily go out to come to the center, restaurant...
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Marketing Strategy
Political
The diplomatic relations between Viet Nam and Korea have been established for
more 20 years (22-12-1992), but two countries have been close for a long time and
they have many same points in history as well as culture.
In the context of
globalization and economic integration, the two countries have great potential
which can help each other in the process of cooperation and development.
Moreover, the cooperation of Vietnam - South Korea also gets the strong promotion
by the political leadership of the two countries. Therefore, after 20 years, Vietnam
and Korea relations have developed spectacularly as a typical example of the
bilateral cooperation in the region.
The aid amount is also increased through the years. Korea's ODA for Vietnam in the
period 1993 - 2008 reached $ 471.4 million; but only in the last 3 years (20092011), Korea has committed to support $ 1 billion for the project development of
Vietnam. Until 30.06.2012, Korea has nearly 3,000 project investments in Vietnam
with a total registered capital of nearly U.S. $ 24 billion, which increased about 100
times in compare with the original time. Korea became the largest foreign investors
in the countries and territories that invested in Vietnam.
Base on the strong development of the relations in the past 20 years, we firmly
believe that the cooperation between Vietnam and Korea will continue to grow
stronger and more profound in the near future.
Culture
Hallyu, the Korean wave, spread in Viet Nam more extensively than any other
country in the region. Exchange Fund the Korean cultural industry published
research results based on the evaluation index of the public's level of fans for the
Korean Wave in Asia. Accordingly, Vietnam ranked fourth favorite level of Korean
The cultural industry exchange Fund published research result, which based on the
evaluate index of the level of fans to the Korean Wave in Asia. Accordingly, Vietnam
ranked fourth in favorite level of Korean Wave.
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Marketing Strategy
In 1997, the first Korean movie "Yumi - My Love" broadcasted on VTV1 and "First
Love" on VTV3 of Vietnam Television, which create opportunity for bringing Korean
culture to Viet Nam-especially to the Youth. Afterward, there are many movies from
Korea broadcasted in Vietnam. These events marked the time when Vietnamese
begin know the Korea culture.
Through cinema industry, Vietnamese got familiar with Korea culture. They interest
and search everything from Korea, remember their actors name, use Korean
products, study Korean language. From these, entertain industry, fashion and food
start coming to Viet Nam.
From that moment, people tend to know about Kimchi, Bibimbap, Tteokbokki ,
Japchae or Samgyeopsal become familiar with Vietnamese and they seem to like
this new cuisine. Nowadays, many Korea restaurants are opened in many cities in
Viet Nam as an evidence for the development of cultural exchange, relations Viet
Nam and Korea.
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HANBOK Restaurant
Marketing Strategy
People in 15 - 25
Characteristics and purchasing behavior:
-
This group is dynamic and they often change their purchase behavior. They tend to
purchase complicatedly, depending on their interests and their psychology. They like new
things and want to try new feelings.
They are the ones who do not have jobs, not create income yet, but they receive great
attention from their parents. So they always have a small amount of money to use in
months.
Young people with age about 15-25 usually have three main choices for expense:
shopping, go out to eat at restaurants with friends
and going to the movies. Particularly, young people
in Da Nang love enjoying meals with friends.
Aside from these above, young people are being affected greatly from their idols. The
Korean pop music scene has ingrained into the mind of young people and this contributes
to increase their interest to Korean food.
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HANBOK Restaurant
-
Marketing Strategy
Gender also contributes to create the difference in the consumption patterns of young
people. The girls were influenced by Korean culture (music, movies) more than the boys, so
they tend to come to the Korean restaurant than the boys.
People in 25-30
Characteristics and purchasing behavior:
-
This group is considered to be mature. Most of them have graduated and some have job
and income.
Although they have less need to experience new things such as Korean food culture, they
have a great demand in developing their social relationships through eating.
Most of them often need a peace atmosphere. Therefore, Hanbok may be a suitable
destination
Young people often change their shopping habits. They are rarely concerned with brand
loyalty. Their main purpose while come to a Korean restaurant is trying a new feel than
good food.
People who are in 15-25 tend to go out in groups,
while who between the ages of 25-30 is that there
tend to come in pairs. Therefore, restaurant will
develop a marketing strategy for each group
accordingly.
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HANBOK Restaurant
Marketing Strategy
i.
Name of
Average Price
Features
Position
restaurant
Customer
Service quality
popularity
Wifi, air
Little Seoul
70-110
cozy, luxurious,
conditioner,
139 Nguyen
Guardman,
Chi Thanh
serve foreigners
little
Park car
Saranghae
40-60
Wifi, air
113 Nguyen
conditioner,
Chi Thanh
Park car
KiKis qun
20-40
price
Small kiosk.
K112a/11
On the street
Trng N
Cheap, not
Popular
Vng
Dea jang Geum
sophisticated. Serve
for mass customer
Small
30-70
teenager, suitable
Popularity style,
restaurant,
115 Nguyen
park car,
Tat Thanh
little
guard man
ii.
Potential competitors:
The idea of opening a Korean restaurant with low barriers which leads to the risk of
having to compete with new rivals for HANBOK.
The introduction of new types of services also bi-risk copy from other individuals
and organizations, reduce the featuring images of HANBOK and reduce turnover.
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HANBOK Restaurant
iii.
Marketing Strategy
Supplier:
iv.
Client:
v.
Customers require consistent service quality and worth the money they spent.
Substitutes:
There are a lot of restaurants Da Nang. Customers have the ability to choose
between the restaurant like Phi Lu, Huong Cau, Bia To, Vuong Beo, Tran Restaurant, Little
Seoul instead of Hanbok. That is a big threat for HANBOK as well as the company's
marketing strategy plan. Kiki and Little Seoul focus exploited by the media array, the
social network for marketing their products. Little Seoul uses flyers to advertise their
product at many locations in the city because the majority customers of Little Seoul use
less time per day to browse a internet to check the information. After the analyzing of the
characteristics of each marketing alternative products. We had a combination of their
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HANBOK Restaurant
Marketing Strategy
5. Marketing Strategy
a) Segmentation and Targeting Strategy
Geographic
Demographic
Psychographic
City
Age
Relationship
Education
Occupation
Personality
Lifestyle
Danang City
15 25; 25 - 30
Single; In open or close relationships.
and
b) Positioning Strategy
Differentiation
Costume: when customers come to our restaurant would have opportunities to
wear the traditional Hanbok, are designed simply that it is most convenient but not
less attractive and beautiful
Space and back-ground: We have a space is designed and arranged in simple,
gentle and characterized Korean from tables, chairs, doors, to color. In addition, we
also decorate the walls with the back-grounds that are the Korean landscapes and
representations for customers take picture in delight.
Waiters: Our waiters, outside the main mission is taking orders from customers
and delivering dishes from kitchen also willing to advise customers about menu
and help customers choose the items that are appropriate with status (events,
feelings)
Event: We will periodically organize an event called My Idol Day for fans of
Korean stars or idol.
Presents: After using our service at our restaurant, customers also have
opportunities to get small souvenir items that are meaningful.
Positioning
Very Korean: When think about our restaurant, customers are not only thinking of
eating Korean food, but also thinking of the Korean cultural experience.
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HANBOK Restaurant
c) Marketing Mix ( 4Ps)
i.
Product
Menu
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Marketing Strategy
HANBOK Restaurant
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Marketing Strategy
HANBOK Restaurant
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Marketing Strategy
HANBOK Restaurant
-
Marketing Strategy
Service
Following to the chart, eating and experience Korean tradition will be two main services that
Hanbok will bring to customers.
-
Eating
Certainly, people going to Hanbok will be served dedicatedly with various menu so that customers
can choose many food and enjoy them. Our restaurant will make sure about the quality of food
and also the quality of the staff. The purpose of our restaurant is that bringing a new eating space
so that people can eat in the best condition. Eating is does not mean full of food; it is also means
delicious and satisfy. Moreover, according to the chart, our restaurant will have serve main meals
for the majority demands.
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HANBOK Restaurant
Marketing Strategy
Experience
Nu c mt nh hng Hn Quc m
ngoi vic n ung, bn cn c th tri nghim
hon ton vn ha Hn. Vy bn c mun
thng xuyn n y?
Experience is one of two most important things in our service. It includes many factors: Wearing
Korean traditional costume, Korean space, and taking photographs is absolutely something which
cannot be missed.
-
Hanbok restaurant creates opportunity for customers to wear the Korean traditional costume.
When going to Hanbok, the customer will be offered to wear in case they want. Certainly,
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HANBOK Restaurant
Marketing Strategy
customers can take pictures in a Korean space so that they can save their moment or post in
Facebook or something else like that to share with their friends about their experience. The most
special thing for this is that customers do not have to pay any cost; it is free!
Moreover, in our survey, when being asked to choose between sophisticate and simple feature for
costume. The number of people who choose simple is larger, and then, the costume will be simple,
with many sizes and different colors.
The costume will be designed such that customer will wear them easily and conveniently. The
cumbersome and complex details of the original costume will omitted to make it suitable. Our
costume will be something like this form.
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HANBOK Restaurant
Marketing Strategy
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HANBOK Restaurant
Marketing Strategy
Korean space
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HANBOK Restaurant
Marketing Strategy
Our restaurant will be totally decorated basing on the Korean tradition. Therefore, customers will
feel a very Korean space in their room. Room will be divided separately so that they will not feel
being annoyed and they will also have no worry about taking pictures and being looking at.
Decoration will be designed simple and gentle for customers.
The table will be low and customers will sat in the floor with the mattress like the way Korean
usually sit when they are eating. Music is absolutely from Korea. No Vietnamese music or other
foreign music will be played.
Regarding the way to layout the space, there will be two floors. On the first floor, there will be a
space for the reception, a large room which is usually for those held parties or events, a toilet, a
kitchen and a small space for moving and distributing food. On the second floors, we will divide
the space into 8 small rooms, a toilet room and also a small space for receiving food. Among every
room, there will have scroll windows and in front of every rooms will be pushing door
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HANBOK Restaurant
Marketing Strategy
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HANBOK Restaurant
ii.
Marketing Strategy
Price
According to the survey, when customers are asked about the level of concern about price, up to
57% of customers are very interested and 28% are interested, while only 2% of customers are
surveyed do not care about this issue. Thereby show that customers tend to be very concerned
about the price when they go to restaurant. Therefore, our restaurant will focus on the valuation
stage, offer reasonable price, most satisfied customers.
Rt quan tm
64
57%
Quan tm
31
28%
Bnh thng
15
13%
Khng
1%
Rt khng quan tm
1%
Price
Seaweed
4.000
Rice
1.500
Sausage
500
Eggs
1.000
Vegetables, cucumbers
Sesame
Total
1000
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8000
HANBOK Restaurant
Marketing Strategy
According to survey results, when customers are asked about the price / dish they pleased when
go to a restaurant, 43% of customers satisfied with
40.000 60.000/dish item, 50% satisfied with 25.000 40.000/dish. With the total cost for the
fixed cost above, the restaurant will offer the average price for an item is 40.000 60.000.
25k 40k/mn
55
50%
40 60k/mn
48
43%
> 60k/mn
7%
Total
(thousand ng)
12 months
Unit cost
(thousand
ng)
7.000
Table
20
1.000
20.000
Cushion
100
60
6.000
Bowl,
100
600
Roll
Number
1
List
Units
Rent
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84.000
HANBOK Restaurant
Marketing Strategy
chopsticks
Dish
130
1.040
Big Bowl
40
15
600
1.500
6.000
Electric Cooker
Pots
Hanbok
70
400
28.000
Staff Clothes
600
3.600
10
5.000
45.000
12 months
1.500
18.000
500
2.000
13
Decorative
room
Electricity and
water
Sound (
Speaker)
Salary ( *)
365 days
840
306.600
14
Total
11
12
573.584
574.000
(*) Salary:
Time
Job
Quantity
Morning shift
( 7a.m -12a.m )
Chiefs
waiter
receptionist
guardian
1
1
1
1
Afternoon shift (
12a.m 5p.m )
Chiefs
Waiter
receptionist
guardian
2
2
1
1
Night shift
( 5p.m -10p.m )
Chiefs
Waiter
receptionist
guardian
2
2
1
1
1 day
Break-even point
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Salary
( thousand ng )
70
50
50
30
= 200
140
100
50
30
= 320
140
100
50
30
= 320
Total : 840
HANBOK Restaurant
Marketing Strategy
- Average profit per dish = Average price per dish Average cost of materials per dish
= 50.000 20.000 = 30.000
- Break-even point will be reached when:
Price
Average daily restaurant sells about 100 units 191 (days) to break even.
In addition, instead of buying 50 Hanbok costumes, restaurant has bought another 20 units to
become 70 units. The first is to be able to provide enough apparel to customers in the party (if the
customer needs). Furthermore, when order more, the distributor will have more deals, more
discount from 420.000d 400,000 for each product. And order to quick to recover capital,
restaurant open services for rent with price: 40k / 1 day / 1 unit .According to market research,
this is a very reasonable price.
Furthermore, we also provide drink and alcohol, with about 5.000 per unit in profit, we will
reach the break-even point earlier so soon.
iii.
Place
Geographical location.
The location we will put ours restaurant on Hai Phong between Nguyen Thi Minh
Khai and Le Loi Street, running parallel to the main road Le Duan. We chose this
location because it is located in the city center. Furthermore, there are two high
schools nearby this location are Tran Phu High School and Phan Chu Trinh High
School. Around which there are have some universities and colleges such as the
ng University, College of Technology....
This location is convenient for the target customers of the restaurant are students in
the city of Da Nang. Because the restaurant is located in the city center should
facilitate the transfer of the customer, and do not waste time waiting for
appointments that can come the restaurant immediately after their study to eat and
entertainment. Therefore it is promises to attract the attention of the majority of
young people in the city of Da Nang.
Layout method
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HANBOK Restaurant
Marketing Strategy
First, when customers come to restaurant, clients will contact the reception. In
here, the receptionist will take the necessary information such as the number of
people, select set menu (if any), needs clothes or not then handed over to the
waiter brought to the room.
After check-in, customers will be service personnel introduce and guide the
selected item. While waiting for the food came, the customer will be provided
Korean traditional costume "Hanbok" (if required) to take souvenir photos
space between authentic Korean restaurants. Costumes are available for diners
throughout the meal.
Prepared food in the kitchen then transferred directly onto the floor served
through automatic elevator system. After the food is moved up, the service staff
will be notified through the system bell.
If the customer wants to call more dishes or questions can be used at each door
bell system to call the service personnel. Employees will immediately the rooms
rang the bell to solve for customers.
After eating, guests will be directed to payment at the front desk and get the
items here, if any.
iv.
Promotion
Advertising
Spam events: We will create a large number of events and invite all our friends , in
the same time with the same message HANBOK!! Sp xut hin ti Nng get
customers attention, and curiosity.
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HANBOK Restaurant
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Marketing Strategy
HANBOK Restaurant
Marketing Strategy
Creat fans fage and group: we creat fans fage and group not only for the purpose of
receiving feedback, we also provide information about activities such as promotion of the
restaurant in next time to pull and obtain customers use our products and services.
Write positive comment into websites (monngondanang), forum (voz, hihihehe):
with writing positive reviews of our restaurant on websites and forums those have many
visitors, we can promote image and attract the attention of customers.
Sales promotion
Discount: in the first opening week, we will discount all items 20 % to promote
procurement activities and relationships.
Presents: With each bill over 300.000VND, we send our customers a small souvenir or
small dishes.
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Marketing Strategy
****************THE END****************
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