Four Factors of Success

Four Factors of Success

Wennström’s Four Factors of Success A simple tool to innovate healthy brands By Peter Wennström Published by Wennström’s Four Factors of Success A simple tool to innovate healthy brands By Peter Wennström Published by New Nutrition Business The Centre for Food & Health Studies Crown House 72 Hammersmith Road London W14 8TH, UK Telephone +44 (0) 207 617 7032 Facsimile: +44 (0) 207 900 1937 www.new-nutrition.com Distributed into the book trade by Woodhead Publishing Limited Abington Hall Granta Park Great Abington Cambridge CB21 6AH , UK www.woodhead-publishing.com This edition printed April 2009 © The Centre for Food & Health Studies Limited 2009 “Wennström´s FourFactors” and “The FourFactors” are registered trademarks of Wennström Integrated Concept Development AB. For more information see: www.thefourfactors.com. Trademark notice: Product or corporate names may be trademarks or registered trademarks and are used only for identification and explanation, without intent to infringe. This book contains information obtained from authentic and highly regarded sources. Reprinted material is quoted with permission, and sources are indicated. Reasonable eff orts have been made to publish reliable data and information, but the authors and the publishers cannot assume responsibility for the validity of all materials. Neither the authors nor the publishers, nor anyone else associated with this publication, shall be liable for any loss, damage or liability directly or indirectly caused or alleged to be caused by this book. Neither this book nor any part may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, microfi lming and recording, or by any information storage or retrieval system, without permission in writing from the publishers. The consent of Woodhead Publishing Limited and New Nutrition Business does not extend to copying for general distribution, for promotion, for creating new works, or for resale. Specifi c permission must be obtained in writing from New Nutrition Business for such copying. British Library Cataloguing in Publication Data. A catalogue record for this case study is available from the British Library. Library of Congress Cataloging-in-Publication Data A catalog record for this book is available from the Library of Congress. New Nutrition Business ISBN: 978-1-906297-21-3 Woodhead Publishing Limited ISBN 10: 1-84569-718-9 ISBN 13: 978-1-84569-718-1 II Contents About the author ............................................................................................................................................V Introduction ....................................................................................................................................................VII Who is this book for? ......................................................................................................................VII How to get the most out of this book? .............................................................................VIII How this book is organized ..........................................................................................................X Executive Summary ..................................................................................................................................XIII Part 1: The Four Factors .............................................................................................................................1 Why Four Factors? .............................................................................................................................................3 What is so scary about this? .........................................................................................................3 Motivation and permission ..........................................................................................................6 The Four Factors work best in harmony ..............................................................................7 Factor 1 – Need the product ......................................................................................................................9 Who? Gender diff erences and life stages ............................................................................9 The mother is the health manager ......................................................................10 Understand the role of the gatekeeper ............................................................ 11 When and why? Consumption occasion ..........................................................................11 Understand the demand of the situation ........................................................12 Why? Changes in consumer behaviour create opportunity ................12 The example of breakfast ...........................................................................................13 Create a Needmap .......................................................................................................................... 13 Diff erent categories compete for the same situation ..............................14 Getting the whole product right ...........................................................................................15 Factor 1 in Practice: Women’s Essentials ............................................................................17 Summary – Factor 1: Need the product ............................................................................18 Factor 2: Accept the ingredient ............................................................................................................. 19 Is the ingredient accepted by medical and scientifi c community? .................19 What awareness does the ingredient have among early adopters? ...............20 Is there potential awareness in the mass market? .....................................................20 Which trends can you benefi t from? ...................................................................................24 Factor 2 in Practice: Body Bio Calcium ................................................................................26 Summary – Factor 2: Accept the ingredient ...................................................................27 Factor 3 – Understand the health benefi t .......................................................................................29 The importance of feeling the benefi t ...............................................................................29 Target the group with the best understanding of the benefi t ........................... 31 Educate about the problem to be able to sell the solution ................................ 31 Become the expert brand for your chosen health benefi t ....................................31 III Health claims ...................................................................................................................................... 34 Understand the diff erence between a hard or soft claim led strategy ..........37 Creating trust in the message .................................................................................................. 37 Emotional benefi ts are what really motivate the consumer ................................38 Factor 3 in Practice: Aim ProBone ..........................................................................................39 Summary – Factor 3: Understand the health benefi t................................................ 40 Factor 4 – Trust the Brand.......................................................................................................................... 43 The power of brands ..................................................................................................................... 44 Trust a new brand? ......................................................................................................................... 46 Factor 4 in Practice: Boots Calcium with Vitamins ..................................................... 48 Summary – Factor 4: Trust the Brand .................................................................................49 The complete Four Factors concept .................................................................................................. 51 FourFactors – two strategies: ................................................................................................................. 53 Example 1: Danone Actimel Probiotic Drink ...................................................................54 Example 2: Innocent Smoothies ............................................................................................ 61 Part 2: Case Studies – the Four Factors applied .................................................................69 Introduction .................................................................................................................................................... 71 Technology/medically-led brands: Case study 1: Benecol cholesterol-lowering dairy drink .........................73 Case study 2: Yakult daily dose probiotic dairy drink ................................77 Case study 3: Anlene bone health dairy products ..................................... 83 Lifestyle-led brands: Case study 4: Red Bull energy drink .....................................................................89 Case study 5: Silk soymilk ........................................................................................... 93 Mass-market brands: Case study 6: Emmi energy milk ...........................................................................

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