Management Management Organization Organization Presented by: Ng Yuk Yu Chan Hoi Ho Ma Man Chung Cheong King Chong Vitasoy International Holdings Limited
Management OrganizationManagement Organization
Presented by:Ng Yuk YuChan Hoi HoMa Man ChungCheong King Chong
Vitasoy International Holdings Limited
Vitasoy’s Industry BackgroundVitasoy’s Industry BackgroundSoya milk is a healthy soybean drinks
from china.Vitasoy is the first and Biggest packed
soymilk manufacturer in Hong Kong.
Vitasoy’s HistoryVitasoy’s HistoryBased in Hong KongFormer : Lo Kwee Seong(1910 – 1995)Current chairman: Lo Yau-laiMarch 9, 1940
The first branch Vitasoy operate, early soymilk sale at 6 cents, the first day sold only nine
Vitasoy’s HistoryVitasoy’s History
Now: sales in 40 markets worldwide
Now: sales in 40 markets worldwide
WW2
Business NatureBusiness NatureTheir business include manufacture and
sale of food and beverages.Soymilk:Soybean product:Tea, Juice:Cal added soymilk:Chinese tea:
Business NatureBusiness NatureVita has two subsidiary provide Lunch
boxes and Snacks service.Vitaland Hong Kong Gourmet
Vitasoy cultureVitasoy cultureA story of soya bean and Hong Kong
◦Die of malnutrition in Hong Kong◦Fresh milk was unaffordable for poor people
Mr. Lo start a factory to produce nutritious, high-protein soymilk.◦A substitute of fresh milk◦an affordable price(6 cents)
Vitasoy cultureVitasoy cultureConcern of CSR
◦Support local charitable organizationse.g. Oxfam, Red Cross
◦Sponsor programmes related to health
Vitasoy cultureVitasoy culture
Vita have become …◦a household name ◦A healthy product.
Human touch◦Close relationship with employee
and customer◦Stay by me
Vitasoy structure & designVitasoy structure & design
Chairman: Lo Yau-lai
CEO: Mr. Laurence P.
EISENTRAGER
Vitasoy structure & designVitasoy structure & designMechanistic
◦Food and drink productFunctional departmentalization
◦Product Development, Engineering, Transportation
Vitasoy’s Mission and GoalsVitasoy’s Mission and GoalsMarket:
◦ soymilk market is saturated in Hong KongCustomer:
◦Teenagers still lead of marketEmployee:
◦most valuable assetsGoals: Keep customer loyalty and enhance
employees’ satisfaction
Vita’s SVita’s StrengthstrengthsWOT WOT (cont’s)(cont’s)
• household brand• Brand dominance
–build up image of soy expert Good reputation ( 名譽 )
• First mover– ‘Tetra Pak’ paper packing
Vita’s SVita’s StrengthstrengthsWOTWOTNature of the product
◦high nutritionGood internal management
◦high transparency◦public confidence◦Corporate image
Own transport team
Vita’s SWVita’s SWeaknesseaknessOTOTStrong employee forces
◦Powerful associationWeak machine productive forces
◦(list 生產力數據 )Focus on soymilk
◦Occur high-risk when any problem in soy
Vita’s SWOVita’s SWOpportunitiespportunitiesTT• CEPA
–Enter to Mainland–Tariff policy
• High public demand–High nutrition –healthy
• Melamine 三聚氰胺
–milk vs. soymilk• Brand of beverages easily to enter
Vita’s SWOTVita’s SWOThreatshreats• Raw material price fluctuations
– Difficult to control• Competitor
– milk• Trappist Dairy1956• Dairy Form1916• The Kowloon Dairy LTD1950• Nestle
– Soymilk• Yeo’s
– Health Drink• Healthworks• Yeo’s
• Financial Tsunami 金融風暴 + Inflation 通脹
– decrease consumption
時期: 2008 年事件:首次工潮,員工反對無理解僱司機,爭取加薪
BCG MatrixBCG Matrix
External EnvironmentExternal EnvironmentEconomic Environment - Financial crisis - Inflation Social Events- Melamine - SARSWeather- Temperature - Bad weatherSupply Chain- increasing in material prices
Government Policy - CEPACulture- More and more people focus on health - Many Hong Kong people have feeling on
Vitasoy
Overall in Vitasoy Overall in Vitasoy (Non-carbonated drinks)(Non-carbonated drinks)Market Share (High):
◦Familiar brand ◦Leading in non-carbonated drinks market
Market Growth (Low):◦ Intense competition ◦Saturation
Soy milkSoy milk
Market Share (High):Leader in the soy milk market
Market Growth (Low):Is not a new product Difficult to achieve breakthrough
Tea drinks Tea drinks Market Share (High): Leading in marketingE.g. AC Neilsen
In 2005, Hong Kong people drinked 200 million package lemon tea. Vitasoy sold more than 100 million package lemon tea.
Market Growth (Middle):Can match different type of combinationEasily to develop a new productEasily to develop a new market
Distilled water Distilled water Market Share (Middle):Two leaders in distilled water and mineralized
water : Watsons & BonaquaBrand effect
Market Growth (Low):SaturationRising in cost of operationMarket prospect is not too
optimistic
Healthy drinksHealthy drinks
Market Share (Low):Many competitors
Market Growth (High):Hong Kong people are more and more
focused on health Increasing in marketing demand on high
nutrition and healthy drinks.
TofuTofuMarket Share (Low):Enter the market in 2007 Need more time to develop and take the
market share.
Market Growth (Low):Common food.Market demand will not change much.
Vitasoy in ChinaVitasoy in ChinaMarket Share (High):Leading steadily in the Soy milk marketE.g. Guangzhou, Shenzhen, Shanghai over 50%
market share.Sales champion in Guangdong
Market Growth (High):After Melamine incident, more Chinese people
to be emphasis on health and quality of security.
Soy milk is a new concept in China.Great development potential in China.
Vitasoy in ChinaVitasoy in China
StrategiesStrategiesMarkingPromotionInvestmentProducts diversificationProducts customization
MarketingMarketingGrowth StrategySell the product with slot machine,
supermarket, small food shop
PromotionPromotionGrowth StrategyCost of advertisement had increased around 16%Bronze Award of Cannes Lions 2009 in Media
CategoryFor example Package, Advertisement
70th Anniversary with the Launch of 70th Anniversary with the Launch of 70 Specially Designed VITASOY Packs70 Specially Designed VITASOY Packs
1984 advertisementhttp://www.youtube.com/watch?v=RqaW4EpWuVk&feature=PlayList&p=6CD6370206269B15&playnext_from=PL&playnext=1&index=3
SeminarSeminar“Soy: Food of the Future” had been holdInstill the Health Benefits of Soy
InvestmentInvestmentRenewal strategyInstalling new high speed packaging
machine
Products diversificationProducts diversificationGrowth StrategyProduct line is more than thirtyThe market had been segmentation
Products customizationProducts customizationDevelop new products base on healthy,
tasty, need
Evaluation of MarketingEvaluation of MarketingSuccessful element of improving their
saleSelling the product almost anywhereEnhancing and getting a competitive
advantageLeader of the market of soymilk in South
China area
Evaluation of InvestmentEvaluation of InvestmentEstimating the quantity will reach more
than 1,300,000,000 per yearEstimating the time of production will be
spared more than 10%The recourse will be utilized wellEliminating the Weakness of SWOT
Vita throughout the worldVita throughout the world
Comment & Evaluate of ProductComment & Evaluate of Product
wide range◦Different product line
Package
Comment & Evaluate of ProductComment & Evaluate of ProductDevelop new product
Finance ReportFinance Report
(HK $ million)
( Year )
( Year )
(HK $ thousand)
referencereferencehttp://www.vitasoy.com/http://www.vitasoy.com.hk/chi/
main.htmlhttp://www.designerhk.com/forum/
post/2411
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