Introduction: Spuds Snacks is a renowned potato chip manufacturer that has gained significant success and popularity in
Question:
Introduction: Spuds Snacks is a renowned potato chip manufacturer that has gained significant success and popularity in the domestic market. With the goal of expanding its business and reaching new horizons, Spuds Snacks is now considering venturing into international markets. This case study explores the challenges, strategies, and considerations involved in Spuds Snacks' journey to sell its products internationally.
Company Background: Spuds Snacks is a well-established potato chip manufacturer known for its wide range of delicious and high-quality snack products. The company has built a strong brand reputation and a loyal customer base within the domestic market. Now, Spuds Snacks aims to explore international markets to tap into new opportunities and accelerate its growth.
Market Analysis:
Product Adaptation: Product Localization:
- Analyze the target markets' preferences regarding flavors, ingredients, packaging, and labeling regulations.
- Determine necessary product adaptations to cater to the specific tastes and preferences of the international consumers.
- Develop a strategy to maintain the essence of the brand while adapting to the local market.
Distribution and Channel Partnerships: Channel Partner Identification:
- Identify potential channel partners in the target markets, such as distributors, wholesalers, and retailers.
- Evaluate their expertise, market reach, distribution capabilities, and alignment with Spuds Snacks' brand values.
- Establish criteria for selecting channel partners based on their track record, market presence, and ability to contribute to market expansion.
Management Accounting
ISBN: 9780077185534
6th Edition
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen