ASM3 Client Deliverables - Report Slide
ASM3 Client Deliverables - Report Slide
ASM3 Client Deliverables - Report Slide
DELIVERABLES
TEAM 04
By:
Findings &
2 Design Challenges 5 Recommendations
3 6
Experiment Reference &
Strategy Appendix
Executive BUSINESS ISSUE
Challenges in B2C Expansion
Summary
HYPOTHESIS 1 HYPOTHESIS 2
HYPOTHESIS 3
Tutorial cooking videos on Facebook will help the loyalty program with a rewarding system
Customized box will highly appeal to
drive brand awareness and customer would increase the retention rate of
MeatWorks target customers at HCM city.
engagement by 25%. customers in HCMC by 15%.
RECOMMENDATION 1
Featuring Influencers in the social media RECOMMENDATION 2 RECOMMENDATION3
contents. Modify our loyalty scheme. Further pilot testing on the box set idea.
Tailor exclusive promotional messages in the Further testing our new scheme. Add complementary services.
social content.
Improve the quality of images and sounds.
Conduct further pilot testing on the
hypothesis.
DATA & FINDINGS 3
DATA & FINDINGS 2 73% respondents love this customize box
DATA & FINDINGS 1 64% considered the program appealing. idea.
91.3% say they would buy groceries online for Secondary research shows that most 43% and 38% of respondents confirm that
home cooking. rivals conduct membership/loyalty Quality and Price are their utmost
63.3% and 50% said promotional material and programs and retain customers well. priorities when choosing our combo
Influencers should be in the video to boost its boxes.
appeal.
Business Introduction
About Product Current status
Specialized in Australian imported beef and Seven locations: six in Ho Chi Minh City, including
lamb along with locally sourced chicken and wholesale distribution places and one on Phu Quoc
pork (Meatworks n.d). Island (Meatworks n.d).
Additional condiments: butter, sauce and Present on social media (Facebook only), website and
spices (Meatworks n.d) e-commerce sites.
Vision
Mission
Expanding their market to the Central and Northern
Elevating culinary experiences in Vietnam with a Vietnam, especially high developed cities such as
commitment to superior quality, ethical Hanoi & Da Nang.
sourcing, and a diverse selection of premium
Focusing on Business to Customer channel to
meats.
facilitate expansion.
Innovation opportunities
Newly established brand in the market, threatened by fierce
competition in the F&B market.
Threats from changing consumer demand, arisen technologies in the
industry and other environmental factors.
Meet our Team
CURRENT STATE
THE GAP
Low brand awareness Lack of Customer Trust
Amidst a fierce competitive market with low
Being a new brand with low awareness, customer
differentiation among players (Appendix 4),
trust is also moderate. They may be loyal to another
MeatWorks has yet to stand a solid position.
brand and hesitate to switch to MeatWorks unless it
Challenge in maintain sales margin can showcase its premium quality and authenticity.
Design For the new customers in the target segment (Appendix 2 & 4)
Challenge So that they will take action to explore about the brand and start trying
out its products.
Hypothesis Statements
HYPOTHESIS 1 HYPOTHESIS 2 HYPOTHESIS 3
We propose a series of short videos We propose a Loyalty Program in We propose a Special Occasion
showcasing cooking recipes with which customers can get monetary boxset comprises of necessary
MeatWorks products and condiments, benefit from purchasing multiple ingredients for a festive home-made
guiding the Customers to make fresh times at MeatWorks. dinner.
meals at their home.
This Hypothesis aims to attract the This Hypothesis also aims to attract
This Hypothesis aims to change the attention of the new target customers the attention of the new customers
way MeatWorks attract attention of and retain the current customers. and convince them to try
the new customers on social media. MeatWorks products.
Experiment Strategy
Experiment Selection
Test by public post on MeatWorks Fanpage requires approval from the Client and poses high risks.
Experiment Strategy
HYPOTHESIS 1 HYPOTHESIS 2 HYPOTHESIS 3
Step 4: Criteria
Step 2: Test
To verify this, we will upload a sample video featuring Hoshi Phan on
MeatWorks Facebook page or include it in a customer survey. In the video, an
attractive promotional message is called out by the Influencer.
Step 3: Metric
We will measure:
The increase in engagement rate on the content post and click on the
links to explore MeatWorks products and promotional programs.
The number of survey takers give positive reactions to the sample
content and click on the links to explore more. HOSHIPHAN250
Voucher discount of
250k for orders over
2.5 million
Step 4: Criteria
We are right if the content post on Facebook engagement rate increased Figure 2. Demo video content featuring Hoshi Phan calling out
MeatWorks exclusive promotion deals.
by 20% and at least 15% of survey takers click on links to our website.
In-scope
Test Card 2
Create a poster/ flyer with detailed scheme of
the membership program.
Step 1: Hypothesis
We belive that the loyalty program with a rewarding system would
Attach the poster in the online survey to ask
increase the retention rate of customers in HCMC by 15%.
people for their opinion on the scheme’s
attractiveness.
Step 2: Test
To verify that, we will create poster with a detailed loyalty scheme
Short interview questions to let people give
about the program to be provided in an online customer survey to ask
suggestions on idea that best match their
people for their opinions.
preference.
Step 3: Metric
And measure the ratio of survey respondents giving positive feedback
over negative one towards our loyalty program.
Step 4: Criteria
We are alright if more than 70% of respondents say “yes” to our
loyalty program scheme.
Out-scope
Create a landing page (Figure 2) of detailed membership
scheme with a call-to-action button.
Figure 4. A tutorial
cooking video posted on
Figure 4. A SEO audit tool to measure customers’ interaction with the landing page. Meatworks Facebook
Learn Card 2 RECOMMENDATION
Step 1: Hypothesis Modify our loyalty scheme to better appeal to the
We believe that the loyalty program will attract current the target customer segment.
propect customer’s attention also helps retain customers.
Further testing our new scheme to validate the
hypothesis before launching.
Step 2: Observation
We observed that:
64% of respondents found the program is attractive.
On secondary research, we find the majority of competitors COMPETITORS REVIEW
also run membership/loyalty programs and achieved a
good customer engagement and retention rate.
Step 2: Test
Conduct a survey on the new loyalty scheme to test customers’
reactions towards the scheme’s attractiveness. Ask people to
leave their emails to receive further information about the
program.
Step 3: Metric
Measure the proportion of positive responses and actions
taken on at least 30 people within the target customer segment.
Step 4: Criteria
We are alright if more than 70% of survey takers giving us a
positive responses and more than 50% leave their email
address to register for the new products.
TEST CARD 3 In-scope
Create a mockup of the combo product
Step 1: Hypothesis Critical: featuring the detailed components.
We belive that Customized box will highly appeal to MeatWorks target Showcase the mockup image in an online survey
customers at HCM city. form to ask for customers’ opinions towards the
Data product design.
Test Cost: Reliability:
Step 2: Test
From that we learned that the target customer segment is helps reduce the price-quality sensitivity of
Step 2: Test
To verify that, we will introduce a mockup design of a re-usable
box packaging and a list of complementary products from a
partner brand (Figure 6) in a customer survey.
Step 3: Metric
And measure the proportion of positive responses and actions
taken on at least 30 people within the target customer segment.
Data collecting method: save cost, time and efforts. Do more customer surveys to gain
Data are promptly analysed and visualized. quick insights without heavy cost.
LIMITATIONS
Data collecting method: due to Stakeholders’
concerns, conducting online customer survey Combine multiple testing
restricted the number of survey takers and Rely on only methods and utilize social
resulted in small sample size and lack of diversity survey media advertising to reach
of survey takers’ background. wider audience
Prototyping
KOL content production: $2,500 Poster Design: $100 Mock-up box design: $1,150
Data Collect Survey Platform: $100 | Survey Incentives: $500 Platform fees + Ads: $2,000 | Staff salary: $2,500
Learning Tools for data visualisation and analysis: included in Platform fees | Staff salary: $2,500
Statista (2023) Meat: revenue, Statista website, accessed 1 December 2023. https://www.statista.com/outlook/cmo/food/meat/vietnam?
fbclid=IwAR2wY100VC25HMfMMzusIR3KtSSh--mty-Uw-9N2oad-7wmg76Ssb-BEOnQ#revenue
Viet Nam net (2023) Vietnam spends US1.49 billion on importing meat, Viet Nam net website, accessed 2 December 2023.
https://vietnamnet.vn/en/vietnam-spends-us1-49-billion-on-importing-meat-2108855.html
WTO center (n.d) Producers for importing goods into Vietnam, WTO center website, accessed 2 December 2023.
https://wtocenter.vn/german-market/19049-procedures-for-importing-goods-into-vietnam
Charles Hoots (2021) 'Working in Livestock Development and Humanitarian Settings', Agrilinks website, accessed 7 December 2023,
https://agrilinks.org/post/working-livestock-development-and-humanitarian-settings.
Fidelio (2021) 'Consumer Trends in Food and Beverage', Commsoft website, accessed 7 December 2023,
https://www.commsoft.ca/en/News/Article/consumer-trends-food-and-beverage.
WTO Center - VCCI (n.d) 'Procedures for Importing Goods into Vietnam', WTO Center, Vietnam Chamber of Commerce and Industry, accessed
7 December 2023, https://wtocenter.vn/german-market/19049-procedures-for-importing-goods-into-vietnam.
SGT (2023) 'Meat products from Queensland Australia win Vietnamese customers’ heart', The Saigon Times, accessed 7 December 2023,
https://english.thesaigontimes.vn/meat-products-from-queensland-australia-win-vietnamese-customers-heart/.
DeFranzo SE (n.d) Advantages and Disadvantages of Surveys, SnapSurveys website, accessed 19 January 2024.
https://www.snapsurveys.com/blog/advantages-disadvantages-
surveys/#:~:text=Respondents%20may%20not%20feel%20comfortable%20providing%20answers%20that,a%20lower%20validity%20rate%
20than%20other%20question%20types.
REFERENCE
SKemp S (2023) DIGITAL 2023: VIETNAM, Dataeportal website, accessed 1 December 2023.
https://www.statista.com/forecasts/1307552/vietnam-food-market-revenue
BMI (2023) Vietnam 2023 Consumer Outlook: High Inflation Weigh On Retail Sales Growth, Fitch Solutions website, accessed 7
December 2023. https://www.fitchsolutions.com/consumer-retail/vietnam-2023-consumer-outlook-high-inflation-weigh-retail-sales-
growth-10-11-2022 .
Delteil B, Francois M, Mai D and Seong JM (2023) The new faces of the Vietnamese consumer, McKinsey & Company website, accessed
7 December 2023. https://www.mckinsey.com/featured-insights/future-of-asia/the-new-faces-of-the-vietnamese-consumer
Pham, M (2023) 'Vietnam’s Livestock Industry: Challenges and Opportunities', Vietnam Briefing, accessed 7 December 2023,
https://www.vietnam-briefing.com/news/vietnams-livestock-industry.html/.
SavorEat (2022) 'What is 3D Meat, How is it Made, and What are its Benefits?', SavorEat, accessed 7 December 2023,
https://savoreat.com/what-is-3d-meat-how-is-it-made-and-what-are-its-benefits/.
Zozina et al. (2020) 'A Comprehensive Review on the Role of Coenzymes Q10 and Vitamin E in Cardio-metabolic Diseases', Diabetes,
Metabolic Syndrome and Obesity: Targets and Therapy, vol. 13, pp. 2021-2044, accessed 7 December 2023,
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https://www.zendesk.com/blog/customer-relations/
Meatworks (n.d) About Meatworks, Meatworks website, accessed 2 January 2024. https://meatworksasia.com/en/
An Nam Gourmet (n.d) 'Membership Program', An Nam Gourmet website, accessed 7 December 2023, https://shop.annam-
gourmet.com/hcm-taka/vi/loyalty-program
SavorEat (2022) 'What is 3D Meat, How is it Made, and What are its Benefits?', SavorEat, accessed 7 December 2023,
https://savoreat.com/what-is-3d-meat-how-is-it-made-and-what-are-its-benefits/.
APPENDIX
TABLE OF CONTENTS
Appendix No. Contents
Appendix 2 Canvases
Appendix 5 ABC
Appendix 6 ABC
High-end (Price)
Market Size
Premium
MARKET
(Quality)
9.07 billion USD Standard
OVERVIEW
(Statista 2023). (Quality)
She prioritize solitude as well as a setting conducive to concentrated and Motivated to cook for relatives with
Digital native: spend a lot of time
productive training. This means avoiding overcrowding, especially during the best quality food.
rush hours, to optimize the advantages of customer's workout. everyday on social media,
especially Facebook (Kemp 2023).
Interested in culinary trends and
incorporating them into cooking.
Appendix 1.
Customer Profile
Value Proposition Vietnamese Millennial (aged 25 - 40), living in mega cities
Middle to high income (above 30M VND monthly)
3D Printing Meating and Lab grown Prefer sustainable options Disruption of supply chain (WTO,
meat threatens to replace the Current trend of preferring 2023)
traditional grown meat as consumers organic food.
raising demand for humanity (SavorEat Health-conscious and fitness
driven (Fidelio, 2023)
2022)
Problem Statement
Access Link:
https://docs.google.com/forms/d/e/1FAIp
QLSes_6XPfVL393ULvmpvGiTap6lyCmz2
weBUt2b8donokjgwSQ/viewform?
usp=sf_link
How long have you been used social media for a What do you think about the content below if this
day? piece of content appears on your newsfeed?
1-2 hours/day 2-4 hours/day
Normal, don't care too much
>4 hours/day
Interesting Not interesting
Interesting
56.5%
2-4 hours/day
21.8%
Yes 0 2 4 6 8 10 12 14
91.3%
NO, I am not interest in this progr…
YES, I love it.
NO, I am not interest in this program
What are your thoughts on 27%
For this gift box product, which elements are you most interested
in:
Quality 43.2%