Helena Chocolate Ltd. Is located in
Castlebar and it is a family run business. The business was established in 1987
i.e. 31 years ago; Dirk Schonkeren, Belgian born, and Elaine Schonkeren-O’Mahony,
an Irish native have developed the business into numerous international winning
awards for the elegant chocolate produced by the company. The company is
renewed today for the quality in desserts, afternoon tea trays, salads, pastries,
and coffee; whilst catering for celiacs, vegetarians, vegans, and diabetics.
Helena Chocolates commenced as the local retail branches and cottage industry
supplier with its products. The business soon expanded to supply Kilkenny
Design and Brown Thomas that are national luxury retailers. The aim of this
paper is to present the business canvas model for Helena Chocolates. An
effective and efficient business canvas plan would be a significant
contribution to the business success.
Business Canvas Model for Helena
Chocolate
Problem
It is
analyzed that in 2017 there was just 1% growth in the chocolate industry when
compared to the year 2016. However, it is analyzed that consumers are aware
of the chocolate benefits and as there are different products for the
different customers according to the requirement example, there are products
or chocolates for the diabetic, vegetarian people still the companies in the
industry faced loss, because of ineffective marketing strategies. However,
there is the need for the business to grow nationally and internationally in
the market so that there could be the effective growth of the chocolate
industry.
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Solution
It could be
suggested to the Helena chocolate that company should grow nationally and
internationally so that maximum customers could get the products.
However,
there is the need to make the products or chocolate according to the
customer's requirements or choice so that maximum customers could get
products according to the choices. Example there should be products for the
vegetarian, diabetic, celiacs etc.
Another
solution is marketing through the campaigns like there was a fearless
campaign was launched by the company that focused on building the company’s
power brand by forming the new media partnership.
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Unique Value Proposition
For the value
proportion, there is the need that Helena chocolate should make the stuffed
chocolates and other different types of chocolates for the consumers so that
customers could be attracted. There is the need to create the chocolate with
the tropical fruits and the chocolates need to be made without sugar so that
the customers could get the unforgettable experience.
There is the
need to meet the supply protein as the nutritional goals so that there could
be services for the customer who wants the additional proteins.
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Unfair Advantages
For the
unfair advantages; the Helena need to focus on the search engine marketing
and also the competitive advantage so that company could make or build a
great market.
However, for
that, the company needs to focus on the high quality of the products as well
as the transparent relationship with the stakeholders. Moreover, there is the
need focus on the business activities so that they could alive.
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Customer Segments
There are
chocolates for the whole population, however, Helena is targeting the
vegetarian, diabetic, celiacs customers and also the bodybuilders. Moreover,
there are products for the customers prefer protein.
In this way,
the company could achieve the profit margin and there could be services for
the patients suffer from sugar so that they could live life healthier.
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Key Matrices
The key
matrix for this business, include the production process until the product
shipped and given to the customers. However, butter, sugar, flour as well as
the chocolate. After the food processed it’s given to the vendors and then
shipped. The effective management of the products in the warehouse is also
under the key matrix. There is also the need to manage chocolate trucks,
revenue stream as well as the value proposition for the management of Helena
Resources for
the Helena chocolate include the following:
Grinding
machine of cocoa
·
Human resources.
·
Knowledge resources
·
Publicity
·
Oven
·
Involving the
stakeholders
·
Engaged in
activities
·
Consultation with
marketing experts
·
Organic customer
acquisition
·
Molds
·
Technology
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Channels
Channels for
the Helena chocolate include the following:
·
Retailers
·
Serving the
customers online
·
Twitter and Facebook
·
Website sales
·
Links with different
travel agencies
·
Supermarkets
·
Commercial agents
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Cost Structure
Channels for
the Helena chocolate include the following:
·
Marketing cost
·
Web platform and IT
applications
·
Raw materials costs
·
Efficient
development
·
Distribution costs
·
The entrance of the
new competitors
·
Marketing managers
·
New technology
·
Production cost
·
Public services cost
·
Commercial agents costs
·
Payment of employees
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Revenue Streams
The revenue
stream for the Helena chocolate includes the following:
·
Revenue from sales
that are from the channels
·
Fair values of
services
·
Publicity on the
websites
·
Promotions
·
Management of the
customer base
·
Packages with the efficient
pricing
·
New clients
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National and International Markets
of Business Canvas Model for Helena Chocolates
One of the largest industries in the
world is chocolate. 2 percent value growth was experienced by chocolate
confectionery in 2017 in Ireland and its maturity has given the solid
performance. The lead was secured by Mondelez Ireland Production Ltd with 39 percent
value share in 2017, the percentage was the one point decline as compared to
the percentage in 2016. The increase was recorded in overall sales by which the
overall growth was reflected in chocolate confectionery. In 2016, a fearless
campaign was launched by the company that focused on building the company's
power brand by forming the new media partnership.
Mondelez Ireland Production Ltd,
consequently, worked in 20 weeks period with creative agencies so that the
customer engagement could be increased with the company brand. CAGR of 1
percent was expected by chocolate confectionary at the constant price of 2017
to reach EUR709 million over the forecast period as consumers keep indulging on
the regular basis. The volume of retail sales was also expected to reach 38,000
tonnes by growing at 1 percent's CAGR with strong demand despite the wellness
trend and growing health.
Mondelez Ireland Production Ltd
anticipated that there is 1% growth in the chocolate industry when compared to
the year 2016; as the consumer are aware of the chocolate benefits still there
are issues. In this way, there is the need to increase the national as well as
the international sales of the company so that there could be maximum advantages
in the market. As Helena need to focus on the unfair advantages; example, the
national and international search engine marketing and also the competitive
advantage so that company could make or build a great market and there is the
need to maintain the transparent relationship with the stakeholders (Burrow & Fowler, 2015).
For the national as well as the
international market growth Helena Chocolates firstly, need to focus on the administration
of the organization assumes a part of authority through distinguishing the
learning, and in view of the information, set a dream, mission, and techniques.
The authority really rolls out the social improvements in the organization to
incorporate with the new patterns. For Instance, the administration utilizes
the information administration esteems in the organization and shows the
business strategies, which are sufficient to contend in the aggressive market (Ferrell & Hartline, 2010).
However, Hofstede's cultural values or
six measurements of culture help the Helena Chocolates in the understanding
social contrasts as the groups are given the information in regards to the
effective practices, so as to comprehend the social qualities with the goal that
they could globally perceive. Hofstede's cultural values example include power
distance, masculinity versus femininity, indulgence versus restraint and
individualism versus collectivism, uncertainty avoidance index, pragmatic
versus normative etc.
There is the need to focus on the acts
of the Hofstede's social esteem so that there could be compelling practices for
the database of culture insights thus that there could be benefits (Piepenburg, 2011).
Potential
Market Opportunities of of Business Canvas
Model for Helena Chocolates
For the market potential opportunities,
Helena chocolate should make the stuffed chocolates and other different types
of chocolates for the consumers so that customers could be attracted.
Customer's requirements or choice for the maximum customers need to be
concerned; in order to make products according to the choices. Example there
should be products for the vegetarian, diabetic, celiacs etc.
There is the need to create the
chocolate with the tropical fruits and the chocolates need to be made without
sugar so that the customers could get the unforgettable experience. They are
likewise engaged to see the client require that could likewise give the
advantages in perceiving the organizations about the changing client needs. In
this way, the esteem arranges additionally assist the organizations with
focusing on the examination viewpoint so that there could effectiveness in the
social and specialized assets (Melville, 2010).
There is the quickly changing business
that the advancement is a key yield to help the organizations to get the
accomplishment in the market. Thus, there are numerous organizations have the
accomplishment because of the spotlight on the speed of advancement and
quality, thus, for the market potential opportunities Helena chocolate can also
focus on the retailers so that products could be served in an effective way;
the customers’ needs to be online cater example, the awareness can be given on
the Twitter and Facebook. Helena chocolate needs to increase the website sales,
supermarkets sales etc.
Fast innovative change can create the
market potential opportunities for the Helena chocolate. The organizations
through advancement are bringing the adequacy of the administrations and the
items, hence there is the blast of lavishness with the goal that organizations
could take after the practices identified with the learning administration and
development. Viable partner’s administration or inventory network administration
can be concerned by the Helena chocolate; as the company could give the
additional common advantages in the business (Lusch, Vargo, & Tanniru, 2010).
Keeping in mind the end goal to get the
achievement in the distinctive organizations, organizations are centered on the
advancement of the products can assist the organizations; as there could be
better viable methodologies. Helena chocolate needs to keep in mind the end
goal to upgrade the authoritative execution that is decidedly connected with
the incredible providers, the valuable arranging data, in regards to the
advancement in the inventory network administration the organizations are
improving and advancing the practices that are useful for the organizations so
they could develop.
Marketing Plan of
Business Canvas Model for Helena Chocolates
Helena Chocolates can focus on the new
item and the business techniques with the goal that the organizations could
ready to manage the upper hand through advancement in the market and along
these lines, There is also the need to meet the supply protein as the
nutritional goals so that there could be services for the customer who wants
the additional proteins. It is analyzed that Helena is targeting the
vegetarian, diabetic, celiacs customers and also the bodybuilders, therefore,
customers need to give awareness about the products through online marketing
and campaigns so that company could achieve the profit margin and there could
be services for the patients suffer from sugar so that they could live life
healthier.
Helena chocolate solution is marketing
through the campaigns like there was a fearless campaign was launched by the
company that focused on building the company’s power brand by forming the new
media partnership. Helena Chocolates need to focus on the search engine
marketing and also the competitive advantage so that the company could make or
build a great market. However, for the benefits in the market, there is the
need to examine that organization is worried about the inventive ways so that
there could be affected from the coordinate (Lusch, Vargo, & Tanniru, 2010).
Helena Chocolates can focus on the
online marketing; as there is an online stage that is having the extraordinary
message and the keen gathering of people. Moreover, Helena Chocolates need to
focus on the deals that autonomously dealing with the customer's relationship
so that there could be viably disapproved of readership thus that most extreme
clients become more acquainted with about the requests and there is a more
shrewd spotlight on the less unsurprising methodology.
For the advertising effectiveness,
Helena Chocolates should produce more camping’s regarding customers awareness
that includes the supporters and additionally the colleagues so those corporate
customers can give the sustainability to the new media organizations. Effective
strategic planning is also an effective approach in order to manage the customers
or marketing perspective of the company (Melville, 2010).
Influence of Online Trading
of Business Canvas Model for Helena Chocolates
Helena Chocolates need to focus or
influence on the online trading, example, the company need to register with the
New York stock exchange, Dow John stock exchange, Shanghai China stock exchange
for the online trading. With the help of the online trading, there can be
benefits related to the concentrated on the usage system, there the choice of
the promoting technique with a specific end goal to get the positive outcomes
and compelling deals conveyance in the market.
Consequently, with the online trading company
can get the benefits as it could increase the company website trafficking and
there could be maximum customers, through concentrated on the viable online
networking association or by making groups of experts this assignment could be
adequately done.
For the cost and conditions and the
assets, there is the need of the group of experts with a specific end goal to
deal with the online networking in order to get the advantages in the online
trading; online trading has the most extreme partners can be fulfilled and
given mindfulness. As to and assessment there will be the convenient input and
the appraisal from the clients.
Online trading is based on the
procedure that is should be completed effectively in the retail portion.
Consequently, thusly, there will be the association of the up close and
personal correspondence and in addition the composed correspondence so that
there viable business process and clearness could be there in activities. There
is the need to focus on the online trading by the Helena Chocolates so that
there could be benefits related to the user can be conceivable through endeavor
or considering the successful promoting plans talked about above.
Conclusion/Analysis of
Business Canvas Model for Helena Chocolates
It can be concluded that Helena
Chocolates has the local retail branches and cottage industry supplier with its
products, however, through focus on the business canvas model of the company,
it is analyzed that Helena Chocolates is effective and efficient business but
there is the need to focus on the significant contribution of marketing aspects
in order get the business success. It is analyzed that in 2017 there was just
1% growth in the chocolate industry when compared to the year 2016.
Thus, there is the need for the business
to grow nationally and internationally in the market so that there could be the
effective growth of the chocolate industry.
Helena Chocolates can make the chocolate according to the customer's
requirements or choice so that maximum customers could get products according
to the choices. Example, there could be products for the vegetarian, diabetic,
celiacs customers and also the bodybuilders. Helena Chocolates can also focus
on the management of the customer base as well as the packages with the
efficient pricing for the benefits in the market.
References
of Business Canvas Model for Helena Chocolates
Burrow, J. L., & Fowler, A. R. (2015). Marketing.
Cengage Learning.
Ferrell, O. C., & Hartline, M. (2010). Marketing
Strategy (Cengage Learning ed.).
Lusch, R. F., Vargo, S. L., & Tanniru, M. (2010).
Service, value networks, and learning. Journal of the academy of marketing
science, 38(1), 19-31.
Melville, N. P. (2010). Information systems innovation for
environmental sustainability. MIS Quarterly, 34(1), 1-21.
Piepenburg, K. (2011). Critical analysis of Hofstede's
model of cultural dimensions: To what extent are his findings reliable, valid
and applicable to organizations in the 21st century? GRIN Verlag.