File Name: chickens and pigs business models and competitive strategy .zip
- (2015) Nutrition Modeling for Pigs & Poultry.pdf
- Chickens And Pigs Business Models And Competitive Strategy
- Chickens And Pigs: Business Models And Competitive Strategy
Americans love chicken wings.
This is the first of four answers to interesting questions. Then I realized that answering these questions is blogworthy. So here is the first of four:. As a genuine ex-hippy baby boomer entrepreneur, I like touchy-feely do-gooder measurement systems. Like just about everything else in business, the value is money.
(2015) Nutrition Modeling for Pigs & Poultry.pdf
Americans love chicken wings. Last year they ate three billion pounds of the sauce-covered poultry products. Great Sea , my favorite wing place in Chicago, makes Korean-style wings that are so addictive they have wall of fame for most wings consumed by one person in a sitting. The record is Americans also love pork. Anatomical problems aside, this question was posed to my colleagues and me by Mike Brown, President of Farmland Foods, a division of Smithfield Foods.
Pig wings are one of many examples of category creation that Farmland is attempting. Others competitors like Pioneer Meats also market them. For a complete New York Times overview of this new delicacy, click here.
Restaurants who serve pig wings say consumers love them. And yet when marketing the innovation to consumers, Farmland is continually met with skepticism. In limited tests in grocery stores, shoppers either walked right by or had no idea how to even consider it. This is the conundrum of category creation. Products that are truly breakthrough tend to be harder to explain because consumers have no frame of reference or are confused by the offering.
This is especially true in food, where getting adult Americans to eat differently is as difficult as getting young kids to eat new food: It takes persuasion, persistence and sometimes peer pressure. Here are the three things to keep in mind when trying to market a product that creates its own new category:.
So you need new data sources for customer intelligence. And you often need to create it. Think like an entrepreneur: Conduct quick experiments that allow for rapid learning. Fail fast and fail cheap. In contrast, new categories often have to be shown and experienced. This is why more experiential business models — like doing rollouts in retail settings that allow for demonstration and sampling — have been a key to the success of category creators like Apple and Starbucks.
Third, category creation tends to be built more locally and socially — and thus more slowly. Word of mouth is critical: Before a consumer will try a new category, he often needs to hear a testimonial from someone he trusts. Social marketing companies like House Party are cracking the code on the new marketing model, as it represents the ideal blend and sequence of local, social, and then national marketing.
Understanding these three concepts, Farmland is taking two important steps to try to help consumers warm up to pig wings:. First, they are partnering with culinary experts to create the latent demand factbase. Second, they are pursuing a local, core markets strategy to launch these new pork category creations. Pork is the 1 consumed protein in the world, but only 3 in the US. Yet there are pockets of the US — such as Kansas City — where pork is much stronger.
So Farmland has a multi-pronged, local pig wing strategy by partnering with Kansas City venues including sporting arenas like the Sprint Center, high-end gastropubs like Gram and Dun, and more casual chains that specialize in chicken wings.
Consumers who see pig wings in multiple food service venues are much more likely to buy them in a grocery. Overall, it will take longer to get pig wings into home refrigerators than it would another flavor of deli meat.
But the slow approach helps mitigate the risk of a big, splashy marketing launch that may or may not pay back. Ultimately when it comes to category creation, the purveyors of pig wings may learn best from the tortoise and the hare. You have 1 free article s left this month. You are reading your last free article for this month. Subscribe for unlimited access. Create an account to read 2 more. Read more on Branding or related topics Strategy execution and Sales.
Chickens And Pigs Business Models And Competitive Strategy
To place an order, pay N10, to. Soft copy only. Here are the aspects of pig rising that a grower must carefully consider:. Pig feeders can be obtained from stock breeders, and producers, in auctions and classified ads. If you are choosing a male, which is observed to grow slightly faster than females, get one that is already castrated. Male or female, they are preferably immunized. Ask the breeder for health information and stock of the breeder.
Be prepared to be inspired and start asking yourself what is your WHY? It is easy to see how this can transform your customer engagement, beyond a simple transactional relationship into that Nevada of life time loyal customer. By purpose he is not talking about making money, which is the result that comes from achieving your purpose. He is talking about the inner connecting thought that gets people engage in what you do. Compare the two sales messages below:. People who get your purpose, will quickly build powerful relationships with you. You can read more about his methodology on his web site.
Chickens And Pigs: Business Models And Competitive Strategy
Pigs can birth up to 15 offspring at once and that is just one of the things that make pig farming attractive to investors. Pigs also grow very fast and pork meat is in huge demand in most countries where there is a minority of people practicing religions that forbid consumption of pork meat. In a typical pig herd, there are the males which are known as the boar, the females known as the sows and the little pigs known as the piglets or the farrows.
The livestock sector globally is highly dynamic. In developing countries, it is evolving in response to rapidly increasing demand for livestock products. In developed countries, demand for livestock products is stagnating, while many production systems are increasing their efficiency and environmental sustainability. Historical changes in the demand for livestock products have been largely driven by human population growth, income growth and urbanization and the production response in different livestock systems has been associated with science and technology as well as increases in animal numbers.
Kfc competitive advantage - SlideShare. Improving farmyard poultry production in Africa.