Pizza 4P’s is one of the leading pizza chain brands in the world.4P's operates in four areas: restaurants, cheese production, cheese wholesale, and dairy retail, and the main business is
Trang 1Pizza 4P’s is one of the leading pizza chain brands in the world.4P's operates in four areas: restaurants, cheese production, cheese wholesale, and dairy retail, and the main business is Pizza 4P's.
The name 4P's means "For Peace" - Peace pervades the world The brand and logo of4P's embody the desire to always bring rich experiences to help each guest enteringtheir world reap something positive and exciting The brand focuses on qualityingredients That's why the idea of "Farm to table" was put into practice
<Make the World Smile for Peace= -Pizza 4P's hopes that people realize their true inner peace and will overflow with compassion and happiness They aim to realize
a world in which individuals gently respect each other and appreciate the earth, society, and their own existence.
<Delivering Wow, Sharing Happiness= – Bringing <Wow=, Sharing Happiness It describes
a delightful surprise, an experience that can make your heart dance, an abundance of
positive energy and an uplifting spirit Pizza 4P's believes that happiness will spread and fill the world The message of Pizza 4P's is to bring rich experiences to help each customer who enters Pizza 4P's store to reap interesting and positive things <Bringing the World to Smile for Peace.= 4P's pizza creates smiles, and those smiles are the "catalysts" that help people taste the taste of lasting happiness, of inner peace
– for the world to be filled with this kind of Peace.
Trang 2Joining after the Pizza 4P's and the Pizza Company chains, however, Pizza 4Ps is still highlyappreciated and increasingly narrowing the revenue gap It can be seen that Pizza 4P’s restaurant chain is meeting the needs of Vietnamese people quite well.
Target market:
● Food / Fastfood
● Supply chain
Pizza 4Ps seeks to realize the following key benefits for its customers:
- Fresh food: Customers can enjoy fresh and delicious food with guaranteed input ingredients.
- Good infrastructure: Customers can experience the Japanese - Italian -
Vietnamese culture both luxurious and close at convenient locations.
- Omotenashi - top service quality: Customers are served enthusiastically,
thoughtfully, and true to the spirit of Omotenashi of the Japanese.
- Fast food has become a high-spending product in Vietnam, especially for young people
- The more economic conditions develop, the more people pay attention to
health, and natural products are focused on.
- Manufacturers need to meet the Westernized consumption habits and
demand for clean food of Vietnamese people.
Market In 2019, Pizza 4P's chain achieved a revenue of 749 billion VND, while The Pizza Company achieved more than 617 billion VND, up 21.8% and 24% respectively Joining later in this group, Pizza 4Ps also continued to break the gap when recording revenue of nearly VND 570 billion, up 34%.
Although 2021 is a bit difficult due to the Covid 19 epidemic, Pizza 4Ps has collected 30 billion VND in 8 months after developing a website system and delivering door to door delivery
Trang 42.6.2 Indirect Competitors
Fast food chains such as KFC, Popeyes, and Burger King sell different items than Pizza4P's, yet they all cater to the same client base They have the advantage of having enteredthe Vietnamese market early, which means they already have a dedicated client base,therefore when it comes to fast food, fried chicken and hamburgers are always first.Consumers, on the other hand, are increasingly turning to alternative products and services.This is an opportunity for Pizza 4P's to expand their market share
HÌNH
Trang 5SSECTION 3: TARGET CUSTOMERS ANALYSIS & POSITIONING
STRATEGY
Geographic: Pizza 4P's chooses to operate in heavily populated cities like Ho Chi Minh City,
Hanoi, Da Nang, Hai Phong,
Demographic: With pricing from 25,000 to 500,000 VND per serving, Pizza 4P's is
intended at people aged over 8 who have a medium to high income.
Psychographic: The bulk of Pizza 4P's consumers are people who live a modern lifestyle and
appreciate trying new things; this lifestyle is conducive to Pizza 4P's routinely releasing new
taste pizzas Pizza 4P's consumers are primarily students and office workers, with a preference
for meeting friends or families, who are members of the middle and upper classes
Pizza 4P's has easily entered the Vietnamese market because to the proper selection of target
customer, the right approach, and the right taste of Vietnamese people To attract a larger
upper-class segment, our team will create new strategies to "attack" them in this essay.
purchase
stage
Information search
Encounter
stage
Service delivery system
Service facilities
Trang 6Personnel The employee is welcoming, supportive, and
responds well to the requirements of customers,…
encounter stage
Post-Customers show their satisfaction by coming back next time or recommending to others,
Achievements: Despite the scale of only 24
restaurants, not as big as other competitors such as Pizza 4P's (90 stores) and Pizza Company (70 stores), Pizza 4P's revenue far exceeds its competitors, achieving the figure
of 570 billion VND in 2019 with a profit of more than 50 billion VND after 5 years of operation.
To position itself in such a position, Pizza 4P's has "taken care" very carefully in every stage
-Italian-style wood-fired pizza in a terracotta oven.
-The pizza base must be kneaded by hand to reach the desired thickness.
-The taste of food at Pizza 4P's combines Japanese and Italian cuisines.
Trang 7unique design
Each restaurant has its own
style, idea, and story.
-Consumption: continue to
maintain strong positive quarterly growth
(regardless of
seasonal sales), increase
consumption per use or increase frequency of use.
-Penetration:
achieved a steady increase,
increasing the
number of
customers using Pizza 4P's
restaurant
services.
-Value: higher-end brand positioning.
TIEU LUAN MOI download :
Trang 8- Level of loyalty: increase brand loyalty.
+ Services product main characteristics:
Relative Intangibility: The restaurant service provided by Pizza 4P is composed of a variety of characteristics, including intangible elements that clients cannot see or feel before using the service They can only sense the elements of the service, such
as the scent, taste, and attitude of the employees after they have consumed it.
Simultaneousness between production and consumption: Pizza 4Ps only makes a pizza whenthe client arrives, and they can't establish a service without the customer's involvement.Customers are both consumers and active participants in the development of services
The decisiveness of the human factor in the process of creating services: Employees, in addition to clients, play a vital role in the service delivery process.
Perishability and non-storable: Pizza 4P's products are easily damaged if not stored properly because production and service consumption occur at the same time.
Difficulty in quality control: Customers cannot foresee quality in advance due to the unique nature of the service business, and can only truly sense it through consumption
Seasonality: Customers have to go to school and work throughout the day, so there are normally less customers at Pizza 4P's outlets during the day The time window with the most customers will be in the evening.
Superficiality: Customers' evaluations and feedback on service quality are influenced by theattitude and working style of each employee as seen from the outside
Pizza 4P's core product is to provide food and beverages, particularly pizza, to diners andpotential consumers The 3 things that make Pizza 4P's core products different from existing
brands on the market are: <Housemade cheese=, " Farm To Table" and "Omotenashi"
-The Spirit of Japanese Hospitality
→For this marketing plan, we will still keep the core product and the above difference ofPizza's 4P restaurant service Based on these distinctions, our team has created the
"Premium Chill" menu, which is targeted to the high-end consumer niche includes 3 mainservices Pizza 4P's will be able to sell not only limited-edition pizzas, but also allowcustomers to "personalize" their pizza by choosing all of the ingredients As aconsequence, meals will take longer, allowing customers to enjoy more comfortable "chill"time As either a result, this meal is also served in a different, more opulent setting Inaddition, to accommodate the post-pandemic situation, Pizza 4P's will provide new frozenpizza items and side dishes based on the menu
Trang 9+ Information: Currently, Pizza 4P's has set up a system to provide detailed information
about their services, such as their introduction, their schedule/service hours; menus andrelated prices, store locations, contact phone numbers, and how to book a table online;online delivery through all means Pizza 4P's will leverage short video platforms likeTikTok, Instagram's Reels, and Youtube's Shorts to give information
+ Order-taking: The staff will need to understand the products, menu differences, and
pricing Therefore, each employee will be able to comprehend this via an internal app,and clients will have access to an app for purchasing food via internet
platforms such as Zalo or Messenger.
Hình 3
Trang 10+ Billing: Pizza 4P's offers smart tablets with menus and prices to make it easier for
consumers to keep track of their orders Customer information, service time andlocation, and expense data will all be included on invoices In addition, 4Ps can sendout more electronic invoices to make payments easier
+ Payment: Pizza 4P's accepts a number of payment methods, including cash,
vouchers, and electronic wallets such as Moca and MoMo.
+ Consultation: The staff at Pizza 4P's is well-trained, knows the recipes,
understands the ingredients, and is familiar with the menu's usual dishes thanks tothe use of the "Premium Chill" menu From there, they can offer suggestions so thatcustomers can pick their own toppings while still feeling satisfied
+ Hospitality:.In order to promote the spirit of thoughtfulness with customers,
this marketing strategy will be improved with the following points:
● Restaurant area: Because this section caters to high-end customers, the restaurant space will be more opulent, modern, and private, with tables ranging from two to one group (6 people) In addition, each space should have a pleasant outlook.
● Lounge area: In order to increase customer experience, Pizza 4P'S will design aseparate lounge area with its own restroom system, locker system, designedaccording to festive seasons and trends to encourage consumers to take pictures.Some additional services will be added such as: snacks, soft drinks and herbal hand washing bowls for guests, in line with the post-Covid-
19 pandemic mentality and the habit of using hands when eating pizza In addition, 4P's can provide some necessary items such as masks, hair ties, gifts for children, towels,
● Customer engagement in person: Show customers how to build a pizza and have the crew decorate their table right in front of them.
● Customer interaction on the internet: Turning Pizza 4P's website into a physicalstore with eye-catching pizza graphics, ensuring a pleasant customerexperience: fast, simple, accurate, convenient, time and cost saving; prefer
"internet of things" application to automate as many things as possible
+ Safekeeping: Pizza 4P's will have to provide free lockers for the upper-class
client group, in addition to providing free parking and security guards to keep cars and personal things safe.
+ Exceptions: Customer complaints concerning the food will be happily handled by Pizza
4P's If a fault or error occurs with the dish, pizza 4P's will replace it with a new
one Internal employees will assist clients in the event of service quality issues and will endeavor to fix as much as feasible or the manager can invite customers to re-experience with reasonable promotional vouchers.
Pizza 4P's has had a distinct food sales channel called Boxes 4P's for a long time Pizza 4P's offers its cheese to Horeca (restaurants, hotels ), a few mini grocery chains, and on Box 4P's
Trang 11in addition to restaurant use Box 4P's model has been transformed into Pizza 4P's Online Store
in order to improve Furthermore, Premium 4P's will continue to develop and reproduce the
Pizzaland brand and also <Beer for Peace= brand We can see that 4P's uses the <House
of brand= brand technique after this The logo of the main brand, Pizza 4P's restaurant,has been reused since the name of Box 4P's was changed to Pizza 4P's online
Pizza 4P's will add a new brand, Pizza 4P's Premium, to further broaden its offerings Pizza4P's Premium specializes in providing luxury and high-class restaurant services based onpizza products The new brand name keeps the title Pizza 4P's and simply adds the word
"Premium" to make it easier for customers to recognize while still offering the same featuresand benefits as the primary brand Since then, 4P's has hoped to see more smiles oncustomers' faces and to bring peace to the globe
Pizza 4P's is targeting a group of customers with a good or higher average income.
As a result, it is possible that product prices fluctuate higher than in the
previous segment with above-average levels, specifically:
Menu of Pizza 4P's
Trang 12guaranteed and the best service for the target customer segment.
- Value-based pricing (Customer-based pricing) :
With the goal of spreading happiness and positive energy through its services,
Pizza 4P's prioritizes pricing strategy based on product value and customer
perception Especially when targeting the group of medium-to-high-end customers Customers at Pizza 4P's want not only delicious and safe products, but also
accompanying services of a certain value, so they are willing to pay more for
products/ services that they believe are worthy of what that product/service brings Pizza 4P's pricing strategy also revolves around the perceived value of customers: The values that Pizza 4P's bring to consumers:
+ Using environmentally friendly production processes to reduce negative environmental impacts Using high-quality ingredients that are safer, grown on the farm, natural, and free of chemicals Thien Sinh Farm - Pizza 4P's partner - employs a completely natural growing method Pesticides and chemical fertilizers, on the other
Trang 13hand, are not used Create safe and high-quality manufacturing processes
to protect consumers and the environment.
+ Handmade cheese production that is both delicious and safe Pizza 4P's
does not import cheese, but instead creates handmade cheese products
with unique flavors that are only available at Pizza 4P's.
+ Customers will not be bothered by the space's coziness and luxuriousness Space set
aside for high-end customers who have all of their utility needs met Interesting
design elements such as the waiting area, the VIP room, or the
dining tables overlooking the kitchen
+ Professional and fast support services: ticket booking consultation via
website or phone number, quick delivery, convenient and diverse
payment options, customer event support
+ Service that promotes thoughtfulness: enthusiastic consultants who
embody the Japanese spirit of "Omotenashi," or dedication demonstrated
by the staff's thoughtful actions.
-Competition-based pricing
If consumers do not perceive a difference in value between products and services, they will
tend to select the cheapest option for themselves Pizza 4P's products are more expensive than
competitors' This distinction stems from the higher value that Pizza 4P's products and
services bring to a new higher segment, a different value compared to competitors, by
improving customer perceived value.
-For Pizza 4P's, the company uses a variety of pricing methods and pricing strategies to
maximize revenue and bring value and benefits in line with the prices that customers pay
Trang 14-To manufacture a product, a certain amount of money must be spent However, because of the intangible nature of the service, cost measurement becomes more complicated for this type
of service As a result, in order to easily measure costs, Pizza 4P's employs a measurement method based on Activity-based costing (ABC management system), which approaches each step in the service delivery process and provides cost statistics for each step
- Based on the evidence, the Pizza 4P's choose one of the primary pricing strategies: Customer-Based Pricing Strong market brand awareness, and pricing that is possibly slightly higher Beside, the quality and safety of the product will be guaranteed in proportion to the customer's payment.
- The product is considered innovative The slightly higher price not only emphasizes the product's features, but it also prevents other competitors from entering the new segment To entice new customers, offer preferential prices, express gratitude, and offer cost-effective product packages.
In the Pizza 4P's product supply cycle, it is necessary to pay attention to 3 main flows: Information and promotion flow, negotiation flow and product flow.
-Information and promotion flow: attracting customers mainly through online
channels such as: Website, Fanpage of 4P's and personal email of customers.
-Negotiation flow: encouraging customers to experience the service on both direct and online channels by providing information, advantages of Premium services
(products, space) and preferential programs.
-Product flow: focus on exclusive distribution to main branches of Pizza 4P's
To reach potential customers, Pizza 4P's needs to exploit convenient locations such as near residential areas, shopping centers, luxury apartments, and stable traffic Pizza 4P's
is using direct distribution in some major cities through online and offline channels
Trang 15For the high-end product line, 4P's pizza will be distributed exclusively at prime locations, first
of all in Ho Chi Minh City The districts can refer to: As districts 1, 3, 11, and 7
Especially for Premium Pizza, exclusive distribution to the main store and no intermediaries
to ensure that high-end customers experience the product service in a complete andprofessional manner, and at the same time convey the essence of the product With thisform of distribution, customers can come to the place to experience the space, and at thesame time be provided with high-class additional services in addition to the store's products.Besides, upgrade service to support remote table reservations for customers
Realizing that potential customers are often free in the evenings, especially on weekends,Pizza 4P's will supply more ingredients and allocate resources at crowded branches
Some similar development locations for Premium Pizza in Ho Chi Minh City:
184 Le Dai Hanh Street, Ward 15, District 11, Ho Chi Minh City
151B Hai Ba Trung Ward 6, District 3, Ho Chi Minh City
8 Thu Khoa Huan, Ben Thanh Ward, District 1, Ho Chi Minh City
Pizza 4P's branch at Le Dai Hanh street
To find new sources of income during the Covid 19 epidemic, Pizza 4P's pioneered in building
a sales channel through its own website At the same time, Pizza 4P’s develops
Trang 16heat-retaining batteries in paper boxes to ensure the most delicious and perfect
cakes when reaching customers.
Refer to website: https://delivery.pizza4ps.com/market4ps
Inheriting and promoting the potential of the online channel (revenue 30 billion VND, 60,000orders/ 8 months) Premium Pizza can be mentioned on the web site's list of special dishes Accordingly, improving technology-enabled service delivery at Pizza 4P's:
● Customer care: support product information, record and handle feedback from customers, Premium Pizza product lines need more preferential
policies and gifts for potential customers 24/7
● Website building: eye-catching design to provide information, and receive orders
Through the web can control the inventory items In addition, the website also
facilitates the collection of data and information-seeking behavior of consumers,
thereby marketing services through media such as Gmail, Facebook, … Adding
videos recording the journey of making Premium Pizza lines for
customers to visualize and attract more easily.
Apply shipping unit Ahamove and payment unit Momo to all products, including Premium Pizza Manage and ensure the delivery - receipt of pizza products, 24/7 fast shipping to ensure time needs for customers.
To ensure a good image of products and service quality, stores that distribute products Premium Pizza of 4Ps pizza need to be strictly controlled Brand value can
be controlled more carefully, leading to additional service maintenance costs.
With Premium Pizza, the goal is towards safe, quality products and high spiritual value forconsumers in the upper-class segment Premium Pizza of 4P’s is located in city centerlocations to ensure to meet the needs of potential customers and build brand image
a Based on the characteristics of the market:
To avoid overcrowding on holidays in Vietnam, Pizza 4P’s needs to arrange more waitingrooms to create comfort for potential customers In addition, it is necessary to arrange morespacious and airy parking space for customers to conveniently move
b Based on business products
Because the core service is a high-class Pizza restaurant service, it is very important to
distribute at 4P's pizza to ensure uniform quality in each branch as well as in online
delivery channels.
c Based on the capacity of the business: