Thursday, January 13, 2011

MARKETING PROCESS OF PIZZA HUT

  1. Understand the Marketing Place, Needs, Wants & Demands
  2. Designing a  Customer Driven Strategies
  3. Prepare a Marketing Plan
  4. Building Customer Relationship
  5. Capture value from customers in return 
 
  1. Understand the Market Place,Needs,Wants & Demands:
  • Being lover of fine food Italians imported this terrific dish to America.
  • They always add something new to their menu, trying to reach new markets.
  • They offered many different food items for customers who did not necessarily want pizza.
  • They are still using the diversification of their pizza according to culture & people regional values. 
  • They offer different varieties of pizza according to customer’s want & purchasing power e.g. The Extreme pizza.    
 
     2.  Designing a Customer Driven Marketing Strategy:
  • Their main strategy that they still follow today is the diversification of products they offer. 
  • Other strategies followed by pizza hut are C.H.A.M.P.S. & 3 F’s.  
  • According to customer’s demand they make their strategies by keeping following points in mind; 
          Which customer they will serve?
          How will they serve these customers? 
  
 
Which customer they will serve?
  • They serve their customers on the bases of income level, age through market segmentation.
  • Their main segment which they has captured are combination of higher incomes & dual career families.
  • Their maximum market segment is younger generation ranges from 12-30.
How will they serve these customers?
         They fulfill their customer’s demand through;
          
  • Value proposition
  • Positioning
  • Unique selling proposition (USP) 
     3.  Prepare a Marketing Plan:
         
         They develop best product with the resources available.
         Their marketing plan is comprises on 4P’s;
         Product
         Price
         Place
         Promotion 
      4.  Building Customer Relationship:
They build strong relationship with customer by offering them best pizza and they create customer delight through;
  • Customer Relationship Management (CRM)
  • Partnership Relationship Management (PRM) 
Customer Relationship Management (CRM):
  • In 1995 they began two customer satisfaction program;
1-800 customer hot line & a customer call back program.
They’ve full service restaurant as well as delivery services.
  • Crewmember at pizza hut strive each day to provide ‘customer mania’.
  • They also offer two products within single price. 
  
Partnership Relationship Management (PRM):
  • They’ve inside & outside partners e.g customers, competitors, suppliers.
  • Functional department corporate & focus on an area such as marketing, HR.
  • In 1977 Pepsi co bought pizza hut & 1982 they stared joint venture with Whitbread.
  • In 2006 Whitbread sold their share of joint venture to YUM! Brands Inc. Pizza hut UK Ltd was now 100% owned by Yum!
 

     5.  Capture Value from Customer in Returns:
  • Pizza hut is committed to providing uncompromising product quality offering customers the highest value for money & giving service that is warm, friendly & personal.
  • They also follow social factors to maintain their image through corporate social responsibility.
 

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