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Thursday, April 25, 2019

Lombardi's Italian Grill Restaurant Marketing Strategy Case Study

Lombardis Italian Grill Restaurant Marketing Strategy - character Study Examplevirtuoso can say that Monica is doing less than average in terms of her sales and profits. Considering the size of her restaurant, it should be making better than just earning $4,200 per week. Since Lombardi is the however restaurant in the shopping center, it should be capturing a large market place of the center, but presently its revenues do non show evidence of such. This whitethorn also be an indication that its location is not exactly where its target market is.The current trade strategy of Monica is just so-so. She probably did not have a comprehensive marketing plan when she capable Lombardi. A marketing plan is essential because the plan will set her objectives for the restaurant and the strategies that she will execute to meet those objectives. One can observe this in the way she decided where to locate her restaurant. Monicas study decision point was the location is at the crossroads of three major interstate highways(Cannon, McCarthy and Perreault 451) thus, there was wakeless traffic. Monica failed to consider her target market. The location may have heavy traffic but if her target market is not there, the strategy will still not work. The strategy that she adapted is that of mass marketing which is not appropriate considering that her restaurant is a specialty restaurant. With regards to her promotions strategy, advertising through the internet may not be a good idea. Internet advertising is inappropriate with the profile of her target market. Monica should consider giving bring out flyers instead, among the visitors of the shopping center where the restaurant is located. Monicas marketing strategy should have been more specific. She should have make the necessary plans with regards to her product offerings and pricing. Her low sales may be due to an ineffective marketing strategy. One thinks that she should seriously consider joining a franchise chain at thi s point in time. skillful now, her gross revenue is at $4,200 per week or a projected annual revenue of $201,600 only (Cannon, et al 451).

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