Project Title: Dave's Sweet Tooth B2B Business Expansion Strategy
Dave's Sweet Tooth
| Details | |
|---|---|
| Project Title | Dave's Sweet Tooth B2B Business Expansion Strategy |
| Project Topics | Growth Strategy Marketing Sales & Business Development |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity | Dave’s Sweet Tooth Toffee is a family company producing homemade, handmade sweets. The company operates mainly in a B2C business model and asks you to help identify and evaluate opportunities for expansion in the B2B segment. To achieve that, we want you to analyze the current B2B partners of the company, highlight the mutual business benefits, and define directions for further mutually beneficial collaborations.
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| Project Synopsis: Activities/Actions Required | After you've understood the company's vision, mission, and business model, prepare a market analysis to understand the current state of the B2B market, including size, growth potential, trends, and competitive landscape. Identify the target audience, and adapt the company's products or services to meet the specific needs of the B2B market. Analyze competitors in the market and develop strategies to differentiate the company's products or services from those of competitors. Develop a comprehensive sales and marketing strategy that targets the identified market, including defining the most effective channels for reaching potential customers, developing messaging that resonates with the audience, and determining the appropriate budget for marketing efforts. Recommend potential partners or suppliers that can help the company enter the B2B market and create strategic alliances. Develop metrics to measure the success of the company's entry into the B2B market, including tracking revenue, customer acquisition, and customer retention. Prepare a detailed business plan for implementing the company's entry into the B2B market, including timelines, resource allocation, and contingency plans for potential obstacles or challenges.
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| Project Synopsis: Expected Results | The company aims to acquire 10-12 new customers in the casino giveaway market and 10-12 new customers in the corporate gift market this year. Please help us identify potential new business partners and prepare a business plan to achieve that goal.
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Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
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Program Kickoff |
Jan 17 2022 | Event |
Program Managers
| Name | Organization |
|---|---|
| Jonida Dervishi | Montclair State University |
| Geoff Chellis | Montclair State University |
| Nicole Koppel | Montclair State University |
