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10 STEP
Marketing Plan for Lucky Me!

       Sam Acosta
      November 2012




     ph.linkedin.com/in/rosamaeacosta   1
Disclaimer
This 10 Step Marketing Plan is part of the mandatory
  requirements of Prof. Remigio Joseph De Ungria’s
  AGSB marketing management class.
The data included in this report are based on publicly
  available data such as those on internet websites,
  news, package declarations, public reports.
When appropriate, data are “masked” so as not to
  create unexpected conflicts.
The reports are posted and linked on slideshare, blogs
  and facebook so that there is easier sharing among
  students from different marketing classes.
            ph.linkedin.com/in/rosamaeacosta
Steps 1 to 5
Embracing care and good
health to the general public…
1.   Lucky Me! PTM is the general public
2.   Who wants convenience and assurance
     for care and good health
3.   Can choose Payless & Maggi
4.   Gap is all other brands are more known for
     the nutrient contents of their product
     (catering to children) & for its affordable
     price
5.   The market share is 86.1%.
     Lucky Me! Niche is 59%

               ph.linkedin.com/in/rosamaeacosta
Steps 6 to 10

      Summary headline of the
      marketing mix & strategy
6.     Lucky Me! is an instant noodle with wide
       assortment of flavours in wet, dry and cup
       noodles
7.     Is priced 15% more than Payless and 8%
       more than Maggi
8.     Utilizes TV, advocacies, events and
       experiences
9.     Is distributed nationwide
10.    Uses differentiation approach to win

                      ph.linkedin.com/in/rosamaeacosta
1. Lucky Me! Primary target
    market is the general public
   4 – 50 years old, social classes AB, C, D & E,
    from kids to teens to elders (regardless of
    marital status)
   Varies from working professionals to full time
    mothers, health-conscious people, to kids who
    wants to enjoy eating conveniently together with
    their friends and loved ones
   Eaten once a day during snack or meal times
    and can be shared with the group, which
    satisfies ones appetite depending on the
    desired flavour, worry free from artificial
    preservatives
              ph.linkedin.com/in/rosamaeacosta
PTM needs to obtain good health
         and be with their loved ones




I want to share my moments
     with my loved ones




      I want to be
     full & healthy

                             Reference: Maslow’s Hierarcy of Needs Marketing Management, 11 th ed, Philip Kotler

                                                                                                             6
                         ph.linkedin.com/in/rosamaeacosta
2. The general public have their
 own needs, wants, & demands

The general public basically needs to obtain good health
  through healthy foods and sense of belongingness by
  being spending time with their loved lones

The general public prefers Lucky Me! Over the other instant noodle
  brands because of flavour variety, flavorful, claim of no
  artificial preservatives added (NAPA) , fortified with
  essential micronutrients, credibility, support to
  advocacy (National Famealy Day), certified by DOH with
  Sangkap Pinoy seal

The general public demand
Obtain good health, convenience and easy cooking , value-
  for-money, flavorful that suits their appetite


                 ph.linkedin.com/in/rosamaeacosta
3a. Lucky Me! Has a wide
competitive landscape
   Direct: Payless, Maggi, Nissin, Quickchow

   Indirect: ready-to-eat/pre-cooked pasta/
    noodles in groceries and convenient stores

   Variables: Price, age, lifestyle, packaging,
    availability, convenience of use , value-for-
    money, location, flavour desire
    (appetite), claim of no articifial
    preservatives added (NAPA)

            ph.linkedin.com/in/rosamaeacosta
Lucky Me! maintains a dominant
   position in the noodle industry
                                                               as of 2010
                                                Price vs. Content Matrix
            Natural        Vegetable             Meat
Price/    Preservative      Variants            Variants
                                                               Asian
                                                              Flavors
Age         Content

Matrix
High                      Lucky Me
                Lucky Me Malunggay                 Lucky Me    Lucky Me
                 Instant  N-Rich                    Instant     Instant
price            noodles
                                   Quickchow
                                  Veggie Plus       noodles     noodles

        Maggi              Maggi

        Mami
                              w/         Maggi
Low                       Malunggay
                                         Mami
           Payless
Price                                           Payless Payless
            Mami
                                                 Mami    Mami
                  ph.linkedin.com/in/rosamaeacosta
as of 2011
      Lucky Me! marking a difference in
      the noodles industry
                                         Benefit Positioning vs. Brand Matrix
                                                                            Quickcho
               Functional Benefits            Lucky Me   Maggi   Payless       w

less susceptible to cancer (NAPA)

promotes good health

flavorful

easy to prepare

suits to wide range of taste/appetite
quality assured (through membership to
international organization

preferred by children

saves money

            Lucky Me! Still needs to work further on cost
            reduction
                              ph.linkedin.com/in/rosamaeacosta
as of 2011
      Lucky Me’s differentiating factor
      is the NAPA claim
                                         Benefit Positioning vs. Brand Matrix
                                                                            Quickcho
               Functional Benefits            Lucky Me   Maggi   Payless       w

less susceptible to cancer (NAPA)

promotes good health

flavorful

easy to prepare

suits to wide range of taste/appetite
quality assured (through membership to
international organization

preferred by children

saves money

            Lucky Me! Still needs to work further on cost
            reduction
                              ph.linkedin.com/in/rosamaeacosta
4. Lucky Me! holds a dominant
position in the industry…
Lucky Me! is the only instant noodles that:
 claims with No Artificial Preservatives Added (NAPA)

 has a wide variety of flavorful flavours

 caters to the appetite of a wide range of consumers
  from kids to elders

The customer’s preference of buying more affordable
  products is not satisfied

Lucky Me! can be repositioned by adding in its brand
  image that it also promotes healthy and fit body
  through its low fat products.

            ph.linkedin.com/in/rosamaeacosta
4. “Positioning”: brand
identity from the maker

 Brand Identity from the maker:



Logo visually sends the signal that the brand truly cares
   for its customers. The circle gives the feeling of a
   warm embrace from a good friend. The waft connotes
   the pleasant aroma and freshness of the meal ahead.
(source: Monde Nissin website)


             ph.linkedin.com/in/rosamaeacosta
5. In 2009, noodle market
constitutes 86.1%
In 2010, Lucky Me! claims an overall value share of 59%
 the first player to introduce product types such as pancit
   canton and Asian flavoured noodle soups in the
   Philippines
 it continues to invest heavily in research and development.



Other prominent noodles players in 2010 included Universal
  Robina Corp, Nissin-Universal Robina Corp, Zest-O Corp,
  SM Investments Corp and Nestlé Philippines Inc.

(source: http://www.euromonitor.com/noodles-in-the-
   philippines/report)


             ph.linkedin.com/in/rosamaeacosta
6a. Lucky Me! has the same
packaging as Maggi and Payless




       ph.linkedin.com/in/rosamaeacosta
6b. What marks the difference
between Lucky Me! And its
competitors

   Only instant noodle claiming that has
    No Artificial Preservatives Added
    (NAPA)
   Certified with Sangkap Pinoy Seal
   Member of the World Instant Noodles
    Association


           ph.linkedin.com/in/rosamaeacosta
6b. Lucky Me! Is the only instant noodle that
offers a wide variety of products for a wide
variety of consumers…


Instant Noodles unique items: chicken &
  egg, native chicken, spicy hot beef,
  sparibs, pork ribs
Specialty Noodles: sotanghon lite, lomi,
  sopas, jjampong, kari, po-ku
Specialty Dry Noodles: pancit bihon, curly
  spaghetti, pancit palabok, baked mac,
  chow mien, etc.

           ph.linkedin.com/in/rosamaeacosta
7. Price difference among
major noodles brands…
   Instant Noodles – Chicken Flavor
               Size Cost (Php) Price Difference
    Lucky Me    55g            6.50
     Maggi      55g            6.00               8%
    Payless     55g            5.65                15%

 Instant Noodles – Beef Flavor
  Lucky Me – 55g @ Php 6.75
               ph.linkedin.com/in/rosamaeacosta
8a. Lucky Me! uses TV ads, family
events and experiences..




1




                          4
2

3



        ph.linkedin.com/in/rosamaeacosta
8a. Competitive offering to a
the wide range consumers
   Given that Lucky Me! caters to the general
    public, it developed TVs specific to each
    age bracket.
   For Kids:




http://www.youtube.com/watch?
  v=0UtZuq8pKg4&feature=relmfu

            ph.linkedin.com/in/rosamaeacosta
8a. Competitive offering to a
the wide range consumers
   For teens/friends:




http://www.youtube.com/watch?v=maR6CQ7E6LE
   For Elders:




   http://www.youtube.com/watch?
    v=NXacfp6HsBc&feature=related

                ph.linkedin.com/in/rosamaeacosta
8a. Competitive offering to a
the wide range consumers
   For Mothers:




http://www.youtube.com/watch?v=W_vFLty_O1U
 For Family:




http://www.youtube.com/watch?v=CBo0LqCjGMY


               ph.linkedin.com/in/rosamaeacosta
8a. Lucky Me! also got the
country’s leading celebrities…
   Sharon Cuneta:




http://www.youtube.com/watch?v=AbmMHcHY0ok
 Edu and Luis Manzano




http://www.youtube.com/watch?v=GK4_JGotLAA


              ph.linkedin.com/in/rosamaeacosta
8a. Lucky Me! also got the
country’s leading celebrities…
   Sarah Geronimo & John Lloyd Cruz:




http://www.youtube.com/watch?v=pgMAkuzSaWk




               ph.linkedin.com/in/rosamaeacosta
8a. Lucky Me’s
institutionalized advocacy
   In 2007, “Kainang Pamilya Mahalaga”
    advocacy was launched, which promotes frequent
    family meals together as a simple yet effective way to
    raise happy, healthy & successful children

   Became institutionalized Presidential Decree
    declaring the 4th Monday of September as
    Salu-salo ng Pamilya Mahalaga Day which is
    in conjunction to the celebration of Lucky Me!'s
    National Famealy Day

              ph.linkedin.com/in/rosamaeacosta
8a. Lucky Me’s
institutionalized advocacy




http://www.youtube.com/watch?v=d0930S5sSFw





         ph.linkedin.com/in/rosamaeacosta
8b. Payless focused on
children…




   http://www.youtube.com/watch?
    v=opYibJbnjK0&feature=related


       ph.linkedin.com/in/rosamaeacosta
8b. Lucky Me’s dominance
   Since 2010, Lucky Me! was the clear leader in both the
    cups/bowl instant noodles and pouch instant noodles
    categories.
   Its dominance also reflected its superior capacity for
    innovation.
   First player to introduce product types such as pancit canton
    and Asian flavoured noodle soups in the Philippines.
   Sustained investment in high profile marketing campaigns
    that feature local celebrities
(source: http://www.euromonitor.com/noodles-in-the-
   philippines/report)


                 ph.linkedin.com/in/rosamaeacosta
9. Lucky Me! is distributed
nationwide through Monde Nissin
facilities…
   Supermarkets, sari-sari stores,
    convenience outlets, drugstores
   Nationwide

   Pick-up by customers

   Cash and credit transaction




        ph.linkedin.com/in/rosamaeacosta
10. Lucky Me! is a leader in
differentiating the noodles
industry
   Lucky Me’s core strategy is product
    differentiation – it provides quality products
    with flavorful varieties, that only Lucky Me!
    could offer
   It benefits from the supply and distribution
    leverage of Monde Nissin as it has 2 plants in
    the country
   Has a quality, fortified & affordable products
    distributed nationwide
            ph.linkedin.com/in/rosamaeacosta
Steps 1 to 5
Embracing care and good
health to the general public…
1.   Lucky Me! PTM is the general public
2.   Who wants convenience and assurance
     for care and good health
3.   Can choose Payless & Maggi
4.   Gap is all other brands are more known for
     the nutrient contents of their product
     (catering to children) & for its affordable
     price
5.   The market share is 86.1%.
     Lucky Me! Niche is 59%

               ph.linkedin.com/in/rosamaeacosta
Steps 6 to 10

      Summary headline of the
      marketing mix & strategy
6.     Lucky Me! is an instant noodle with wide
       assortment of flavours in wet, dry and cup
       noodles
7.     Is priced 15% more than Payless and 8%
       more than Maggi
8.     Utilizes TV, advocacies, events and
       experiences
9.     Is distributed nationwide
10.    Uses differentiation approach to win
                      ph.linkedin.com/in/rosamaeacosta
10 STEP
Marketing Plan for Lucky Me!

       Sam Acosta
      November 2012




     ph.linkedin.com/in/rosamaeacosta   33

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Lucky Me Marketing Plan by Sam Acosta

  • 1. 10 STEP Marketing Plan for Lucky Me! Sam Acosta November 2012 ph.linkedin.com/in/rosamaeacosta 1
  • 2. Disclaimer This 10 Step Marketing Plan is part of the mandatory requirements of Prof. Remigio Joseph De Ungria’s AGSB marketing management class. The data included in this report are based on publicly available data such as those on internet websites, news, package declarations, public reports. When appropriate, data are “masked” so as not to create unexpected conflicts. The reports are posted and linked on slideshare, blogs and facebook so that there is easier sharing among students from different marketing classes. ph.linkedin.com/in/rosamaeacosta
  • 3. Steps 1 to 5 Embracing care and good health to the general public… 1. Lucky Me! PTM is the general public 2. Who wants convenience and assurance for care and good health 3. Can choose Payless & Maggi 4. Gap is all other brands are more known for the nutrient contents of their product (catering to children) & for its affordable price 5. The market share is 86.1%. Lucky Me! Niche is 59% ph.linkedin.com/in/rosamaeacosta
  • 4. Steps 6 to 10 Summary headline of the marketing mix & strategy 6. Lucky Me! is an instant noodle with wide assortment of flavours in wet, dry and cup noodles 7. Is priced 15% more than Payless and 8% more than Maggi 8. Utilizes TV, advocacies, events and experiences 9. Is distributed nationwide 10. Uses differentiation approach to win ph.linkedin.com/in/rosamaeacosta
  • 5. 1. Lucky Me! Primary target market is the general public  4 – 50 years old, social classes AB, C, D & E, from kids to teens to elders (regardless of marital status)  Varies from working professionals to full time mothers, health-conscious people, to kids who wants to enjoy eating conveniently together with their friends and loved ones  Eaten once a day during snack or meal times and can be shared with the group, which satisfies ones appetite depending on the desired flavour, worry free from artificial preservatives ph.linkedin.com/in/rosamaeacosta
  • 6. PTM needs to obtain good health and be with their loved ones I want to share my moments with my loved ones I want to be full & healthy Reference: Maslow’s Hierarcy of Needs Marketing Management, 11 th ed, Philip Kotler 6 ph.linkedin.com/in/rosamaeacosta
  • 7. 2. The general public have their own needs, wants, & demands The general public basically needs to obtain good health through healthy foods and sense of belongingness by being spending time with their loved lones The general public prefers Lucky Me! Over the other instant noodle brands because of flavour variety, flavorful, claim of no artificial preservatives added (NAPA) , fortified with essential micronutrients, credibility, support to advocacy (National Famealy Day), certified by DOH with Sangkap Pinoy seal The general public demand Obtain good health, convenience and easy cooking , value- for-money, flavorful that suits their appetite ph.linkedin.com/in/rosamaeacosta
  • 8. 3a. Lucky Me! Has a wide competitive landscape  Direct: Payless, Maggi, Nissin, Quickchow  Indirect: ready-to-eat/pre-cooked pasta/ noodles in groceries and convenient stores  Variables: Price, age, lifestyle, packaging, availability, convenience of use , value-for- money, location, flavour desire (appetite), claim of no articifial preservatives added (NAPA) ph.linkedin.com/in/rosamaeacosta
  • 9. Lucky Me! maintains a dominant position in the noodle industry as of 2010 Price vs. Content Matrix Natural Vegetable Meat Price/ Preservative Variants Variants Asian Flavors Age Content Matrix High Lucky Me Lucky Me Malunggay Lucky Me Lucky Me Instant N-Rich Instant Instant price noodles Quickchow Veggie Plus noodles noodles Maggi Maggi Mami w/ Maggi Low Malunggay Mami Payless Price Payless Payless Mami Mami Mami ph.linkedin.com/in/rosamaeacosta
  • 10. as of 2011 Lucky Me! marking a difference in the noodles industry Benefit Positioning vs. Brand Matrix Quickcho Functional Benefits Lucky Me Maggi Payless w less susceptible to cancer (NAPA) promotes good health flavorful easy to prepare suits to wide range of taste/appetite quality assured (through membership to international organization preferred by children saves money Lucky Me! Still needs to work further on cost reduction ph.linkedin.com/in/rosamaeacosta
  • 11. as of 2011 Lucky Me’s differentiating factor is the NAPA claim Benefit Positioning vs. Brand Matrix Quickcho Functional Benefits Lucky Me Maggi Payless w less susceptible to cancer (NAPA) promotes good health flavorful easy to prepare suits to wide range of taste/appetite quality assured (through membership to international organization preferred by children saves money Lucky Me! Still needs to work further on cost reduction ph.linkedin.com/in/rosamaeacosta
  • 12. 4. Lucky Me! holds a dominant position in the industry… Lucky Me! is the only instant noodles that:  claims with No Artificial Preservatives Added (NAPA)  has a wide variety of flavorful flavours  caters to the appetite of a wide range of consumers from kids to elders The customer’s preference of buying more affordable products is not satisfied Lucky Me! can be repositioned by adding in its brand image that it also promotes healthy and fit body through its low fat products. ph.linkedin.com/in/rosamaeacosta
  • 13. 4. “Positioning”: brand identity from the maker Brand Identity from the maker: Logo visually sends the signal that the brand truly cares for its customers. The circle gives the feeling of a warm embrace from a good friend. The waft connotes the pleasant aroma and freshness of the meal ahead. (source: Monde Nissin website) ph.linkedin.com/in/rosamaeacosta
  • 14. 5. In 2009, noodle market constitutes 86.1% In 2010, Lucky Me! claims an overall value share of 59%  the first player to introduce product types such as pancit canton and Asian flavoured noodle soups in the Philippines  it continues to invest heavily in research and development. Other prominent noodles players in 2010 included Universal Robina Corp, Nissin-Universal Robina Corp, Zest-O Corp, SM Investments Corp and Nestlé Philippines Inc. (source: http://www.euromonitor.com/noodles-in-the- philippines/report) ph.linkedin.com/in/rosamaeacosta
  • 15. 6a. Lucky Me! has the same packaging as Maggi and Payless ph.linkedin.com/in/rosamaeacosta
  • 16. 6b. What marks the difference between Lucky Me! And its competitors  Only instant noodle claiming that has No Artificial Preservatives Added (NAPA)  Certified with Sangkap Pinoy Seal  Member of the World Instant Noodles Association ph.linkedin.com/in/rosamaeacosta
  • 17. 6b. Lucky Me! Is the only instant noodle that offers a wide variety of products for a wide variety of consumers… Instant Noodles unique items: chicken & egg, native chicken, spicy hot beef, sparibs, pork ribs Specialty Noodles: sotanghon lite, lomi, sopas, jjampong, kari, po-ku Specialty Dry Noodles: pancit bihon, curly spaghetti, pancit palabok, baked mac, chow mien, etc. ph.linkedin.com/in/rosamaeacosta
  • 18. 7. Price difference among major noodles brands…  Instant Noodles – Chicken Flavor   Size Cost (Php) Price Difference Lucky Me 55g 6.50 Maggi 55g 6.00 8% Payless 55g 5.65  15%  Instant Noodles – Beef Flavor Lucky Me – 55g @ Php 6.75 ph.linkedin.com/in/rosamaeacosta
  • 19. 8a. Lucky Me! uses TV ads, family events and experiences.. 1 4 2 3 ph.linkedin.com/in/rosamaeacosta
  • 20. 8a. Competitive offering to a the wide range consumers  Given that Lucky Me! caters to the general public, it developed TVs specific to each age bracket.  For Kids: http://www.youtube.com/watch? v=0UtZuq8pKg4&feature=relmfu ph.linkedin.com/in/rosamaeacosta
  • 21. 8a. Competitive offering to a the wide range consumers  For teens/friends: http://www.youtube.com/watch?v=maR6CQ7E6LE  For Elders:  http://www.youtube.com/watch? v=NXacfp6HsBc&feature=related ph.linkedin.com/in/rosamaeacosta
  • 22. 8a. Competitive offering to a the wide range consumers  For Mothers: http://www.youtube.com/watch?v=W_vFLty_O1U  For Family: http://www.youtube.com/watch?v=CBo0LqCjGMY ph.linkedin.com/in/rosamaeacosta
  • 23. 8a. Lucky Me! also got the country’s leading celebrities…  Sharon Cuneta: http://www.youtube.com/watch?v=AbmMHcHY0ok  Edu and Luis Manzano http://www.youtube.com/watch?v=GK4_JGotLAA ph.linkedin.com/in/rosamaeacosta
  • 24. 8a. Lucky Me! also got the country’s leading celebrities…  Sarah Geronimo & John Lloyd Cruz: http://www.youtube.com/watch?v=pgMAkuzSaWk ph.linkedin.com/in/rosamaeacosta
  • 25. 8a. Lucky Me’s institutionalized advocacy  In 2007, “Kainang Pamilya Mahalaga” advocacy was launched, which promotes frequent family meals together as a simple yet effective way to raise happy, healthy & successful children  Became institutionalized Presidential Decree declaring the 4th Monday of September as Salu-salo ng Pamilya Mahalaga Day which is in conjunction to the celebration of Lucky Me!'s National Famealy Day ph.linkedin.com/in/rosamaeacosta
  • 26. 8a. Lucky Me’s institutionalized advocacy http://www.youtube.com/watch?v=d0930S5sSFw  ph.linkedin.com/in/rosamaeacosta
  • 27. 8b. Payless focused on children… http://www.youtube.com/watch? v=opYibJbnjK0&feature=related ph.linkedin.com/in/rosamaeacosta
  • 28. 8b. Lucky Me’s dominance  Since 2010, Lucky Me! was the clear leader in both the cups/bowl instant noodles and pouch instant noodles categories.  Its dominance also reflected its superior capacity for innovation.  First player to introduce product types such as pancit canton and Asian flavoured noodle soups in the Philippines.  Sustained investment in high profile marketing campaigns that feature local celebrities (source: http://www.euromonitor.com/noodles-in-the- philippines/report) ph.linkedin.com/in/rosamaeacosta
  • 29. 9. Lucky Me! is distributed nationwide through Monde Nissin facilities…  Supermarkets, sari-sari stores, convenience outlets, drugstores  Nationwide  Pick-up by customers  Cash and credit transaction ph.linkedin.com/in/rosamaeacosta
  • 30. 10. Lucky Me! is a leader in differentiating the noodles industry  Lucky Me’s core strategy is product differentiation – it provides quality products with flavorful varieties, that only Lucky Me! could offer  It benefits from the supply and distribution leverage of Monde Nissin as it has 2 plants in the country  Has a quality, fortified & affordable products distributed nationwide ph.linkedin.com/in/rosamaeacosta
  • 31. Steps 1 to 5 Embracing care and good health to the general public… 1. Lucky Me! PTM is the general public 2. Who wants convenience and assurance for care and good health 3. Can choose Payless & Maggi 4. Gap is all other brands are more known for the nutrient contents of their product (catering to children) & for its affordable price 5. The market share is 86.1%. Lucky Me! Niche is 59% ph.linkedin.com/in/rosamaeacosta
  • 32. Steps 6 to 10 Summary headline of the marketing mix & strategy 6. Lucky Me! is an instant noodle with wide assortment of flavours in wet, dry and cup noodles 7. Is priced 15% more than Payless and 8% more than Maggi 8. Utilizes TV, advocacies, events and experiences 9. Is distributed nationwide 10. Uses differentiation approach to win ph.linkedin.com/in/rosamaeacosta
  • 33. 10 STEP Marketing Plan for Lucky Me! Sam Acosta November 2012 ph.linkedin.com/in/rosamaeacosta 33