Thursday, July 21, 2016

What's Next?


 Existing Market

Step 1: In my "The Amazon Whisper" exercise, I mention about the restaurant information app. I chose this because food industry will more increase than previous.  The fast food store will decrease and slow food will increase. People will find more clear and healthy food.

Step 2: Actually, I'm in South Korea right now so I cannot do an interview with English because they cannot speak English well. Therefore, I will write the interview which I did in Korean and transfer to English.

Manyoung Kim (The owner of Korean restaurant 'Mongshell')
Me : Hello, Manyoung Kim. Thank you for doing interview.
       I am doing a research for food market.
       What should we be doing that we aren't planning to do?
Manyoung Kim : We should prepare and studying the customer's taste.
                       It is important to know because food market has also trend.
                       If you don't know the trend, the restaurant will close soon.
Me  : Thank you for answer. Then, what customers might want next?
Manyoung Kim : In my opinion, recently, customers are looking for vegetable food
                      better than meat. They prefer chicken than pork or beef. Chicken breast
                      is most popular food right now. It contains high protein so it is good
                      for diet
.Shinyoun Kim (Manager in restaurant) : She emphasis creative menu. In the future,
                                                     many people want new taste

Hayeon Lee (The chief of Korean restaurant) : Try to make high quality but it must be
                                              cheap. People are not buying expensive food easily.

Step 3: Get a feedback from customers, many people recommends that doing
          something special. What it means that just do what I only can do. It contains
          that it requires characteristic and specialization. Then, it will growing my own
          existing market.


 New Market

Step 1: My targeting is young people looking for well-being food. 
             First, they want to do a diet. Well-being food is the most easy and fast way to do a
             diet. Many young people are doing a diet because of good shape. Second, they
             want to live healthy. Now the technique of medical treatment is developed so many
             people live long as one-hundred-years old. To live long for healthy body, food is
             most important. For poor country such as Africa, they usually starve because they
             do not have enough food. Therefore, they need well-being food for their health and
             basic nutrition requirement.

Step 2: I want to make different market such as try to sell the product cheap but high quality.
             Most of the food ingredients will be fruit and vegetable so it is important to make
             good contract with farmer and provider. It is important step because it depends to
             sell the customer with good quality of product.

Step 3: 

Dongyup Shin (reporter) : He recommend that food must be looking good. Therefore, try to
                                  make the food good shape. It will help that customer want to eat.

Narae Jang (traveler) : Advertising is important. Try to make advertise special. She
                                                                 recommend to advertise traditional Korean style.

Minsu Han : Focus on weather's food. For example, in South Korea we have 4 seasons.                     Therefore, it has each food to eat for each season. It will help to increase profit.

Step 4: 
I was surprised that many people think how to improve food industry. Now only for their own store but all of food market. It requires many effort to change the new market. I am so attractive food market because it has infinite challenge to success. 

15 comments:

  1. Thank you for the translations on your assignment. And I must say that it gives your concept more impact to know that it could really be used globally as you have shown in your interviews. I hope you submitted your concept in the showcase. Good Luck!!

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  2. This was interesting! Many people are switching to healthier lifestyles, I know I have (with the exception of the occasional steak that I cannot say no to!). Thank you for translating your interviews! Making food appealing is very important, people will be more likely to recommend food and eat it if it is visually appealing.

    Have a great time in South Korea! My cousin lived there for a long time and love it!

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  3. Jooncheol, I think it would've been cool to hear it in Korean. I agree that knowing your customers taste is very important. IF you are able to offer high quality at a low price you are probably going to need to move a lot of product. I am interested in trying some of this healthy korean food you are mentioning. Have you been to Florida? Is there a place where I could find some good and Healthy Korean food? Good luck to you!

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    Replies
    1. Hey Tim, thank you for feedback.
      Yes, I know one of good Korean restaurant in Gville.
      Find 'Ginger and garlic' !. There is good place you can find good healthy Korean food.

      Delete
  4. I think you have a great idea here! I think this is great perspective on a global scale!! It is true that people have been trying to make that switch to healthy food and typically in other countries they are much healthier than over here in America. Great job!

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  5. Jooncheol,
    Great job on your "What's Next" assignment. Being in the food industry myself, a lot of the individuals you interviewed are actually right. The revenues and success on the restaurant depend a lot on what they offer and the trends they follow. It is interesting to see that when I go back home to Connecticut that the trends in the restaurants are always about six months behind, but you also see their importance. I see what works here and then how it starts working in other parts of the country as well.

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  6. Jooncheol,

    First off, thank you for completing this assignment for us. I agree with your interviewees and that food does have a trend. Food is much like fashion in that way. And now people are more health conscious and are swaying away from fast food and red meat. I also like how you will cater your menu to the different seasons. Different season, like fashion, call for different foods. I cut down on red meat and mainly eat chicken, because chicken is usually cleaner. Good job, and enjoy South Korea and the rest of the summer.

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  7. Jooncheol,
    wow sounds like you are having an amazing summer, I am jealous! Great job on this entire assignment, I know it had to take you a lot of time to translate all of that. I think that the food market if definitely the way to go because just like you said the possibilities are endless!

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  8. Hey Jooncheol,

    From what you found out in your interviews, it seems as though a lot of people in that market — and probably the food industry as a whole — are looking to switch over to cleaner, healthier foods. Given the rise of "fast casual" restaurants, cheap, quickly prepared whole foods are rapidly becoming the norm. If you can capitalize on this trend and get ahead of the pack — perhaps by offering unique and healthy takes on popular fast-food items — you might be able to cash in on this concept. If you can, try and expand on the information you've got by interviewing people stateside, whenever it is that you come back. Other than that, good job!

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  9. Your app will be very popular during the get ready months. The gyms are and health store are always pack when people are trying to get "spring break ready" and working on their “summer body". I would personal have advertising targeting these people during these months. These people will always fall for tricks that say will help them get this “look” that they are looking for.

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  10. Jooncheol,

    Great job. Hope you're having fun over there! I really like your idea and think that society is moving toward healthier lifestyles which include the food market. Therefore, your idea fits with what the market has been doing, especially with the growing organic market. Great job on the assignment!

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  11. Hi Jooncheol, I think you did a great job with this assignment. It looks like you got a lot of varied responses that you can use to your advantage. I agree that having a seasonal menu would help you deal with shortages during different seasons. It also has the advantage that it keeps the menu interesting and different which customers will like because it won't get repetitive. However, I do think that you would benefit from keeping your most popular dishes on for the whole year so that you can maintain customer loyalty.

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  12. Great job on this exercise, and I think it’s very cool you were able to do this while in a different country! This shows that the idea is marketable in more than one area, which is good for revenue and practicality. I think the only way to improve this would have been to do a couple more interviews to get different opinions, but it was a great idea and well thought through!

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  13. Jooncheol,

    You did an excellent job on this exercise. As I said in your previous post, I am impressed by the amount of detail and thought you have put into your first concept. I think that the more people you interview, the better your final concept will be. Keep talking to people, and keep up the great work!
    David

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  14. Jooncheol,

    Great job with your assignment. Ive always been impressed with your work, and Im even more impressed that you translated an assignment back into English for us when it isn't your native language. I like that your interviewees mentioned that food has seasons. I think that your concept is pretty cool. Good work.

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