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Ben Brockman Caroline Mertens Scott Gillespie Alex Keller Dustin Dingenthal GEORGE FOREMAN GREEN MACHINE

Spectrum Powerpoint Alex

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Page 1: Spectrum Powerpoint Alex

Ben BrockmanCaroline Mertens Scott Gil lespie Alex KellerDustin Dingenthal

GEORGE FOREMAN GREEN MACHINE

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OUR PURPOSE

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ECO-FRIENDLY PRODUCT

HEALTHIER FOR THE

CONSUMER

OUR GOAL

OUR PURPOSE

George Foreman mission statement: “We work to help today’s families meet their goals of healthy eating and healthy

lifestyles overall.”

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SOURCE: The Nielsen Company

WHY?

“Over the last decade, Americans’ awareness of and sensitivity to the

environment has grown dramatically…going hand-in-hand with this awareness

is a desire to purchase products that are green…manufacturers have to

innovate and approach product introductions in new ways if they want to fully leverage these opportunities.”

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“The program set a goal of reducing facility emissions and product content of PFOA and

related chemicals on a global basis by 95

percent, no later than 2010, and to work toward eliminating

emissions and product content of these

chemicals by 2015.”

“The eight participating companies

have informed the EPA that they are on

track to phase out PFOA

products by the end of

2015.”

WHY?

SOURCE: Environmental Protection Agency

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PRODUCT

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Features• Glazed ceramic

coating on grill surface

Attributes• Eco-friendly

production process

• Scratch resistant• Easy to clean

Benefits• Ultimately

increases the happiness and healthiness of families

• Customer feels a sense of accomplishment for helping the environment

PRODUCT

George Foreman Green Machine: will replace the current coating on the grill surface with a

ceramic coating First grill to modify:

George Foreman Champ Grill

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Characteristics of Neofl am Cookware: Multiple layers of coating Ceramic non-stick coating Exclusive Anion (Negative Ion)

What is the Anion? Has long been associated with improvements in mood and

physical health Research conducted in the last decade shows that it can help

stimulation in blood circulation and act as an antimicrobial agent

The ceramic coating emits more than 20 times the Anion than typical cookware

SOURCE: http://www.highel.com/EcolonAdvantage.html

SUGGESTION: ECOLON

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ECOLON CERAMIC COATING

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SOURCE: Amazon.com

CUSTOMER REVIEWS

“Everything seems to cook better in it. Meats come out especially tender and juicy. Delivers all that is promised and is a beautiful looking

addition to any kitchen.”

“I thought these seemed a little overpriced until I used it. It stands up to almost anything and always, always

cleans up with a paper towel. It is really the BEST I have ever used or seen.”

“I have been amazed by these pans. They are

completely non-stick and completely non-toxic.”

“I don't think I will ever buy anything else for non-stick unless these become

unavailable.”

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TARGET MARKET

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Health conscious consumers looking for healthy cooking products to help live improved lives

Blue Collar Work 8-5 Middle Class

Young Adults Age: Between 18-35• College, city apartments, and small housing

Don’t have access to outdoor grilling experience

• Continue to target our already loyal customers

TARGET MARKET

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GEORGE FOREMAN CONSUMER

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PLACE

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Introduce in Wal-Marts: Where universities and colleges are present or where

college students are densely populated Highly ranked metropolitan health conscious cities.

Wal-Mart shelves in household section of store.Displays be eye catching and positioned towards the

top of the shelving In store displays: household/kitchen section and a

display near meat in the grocery department.

PLACE

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PRODUCT PLACEMENT

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TOP 10 MARKET POTENTIALS FOR UTILITY GREEN ENERGY PROGRAM

Rank DMA

1 San Francisco Metro Area, CA

2 Los Angeles, CA

3 Washington Metro Area, DC

4 New York, NY

5 San Diego, CA

6 Chicago, IL

7 Las Vegas, NV

8 Sacramento Metro Area, CA

9 Salt Lake City, UT

10 Houston, TX

Source: The Nielsen Company

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PROMOTION

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Off er rebates to trade in/recycle old Teflon grillsFacebook and Twitter social media sitesCooking/cleaning demos in the meat/frozen food

section Continuous streaming video set-up in the cooking

section

Partner with Green Peace USA Volunteer Give Back

PROMOTION

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PACKAGING

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STRATEGY AND PRICE

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STRATEGY AND PRICE

Phase 31 to 3 years up-date all models in George Foreman Grill line

Phase 26 months to a year evaluate results and decide how many other models to up-date

Phase 1Update the George Foreman Champ Grill

Using a product phasing strategy so as to not totally eliminate all current models

Currently, the George Foreman Champ Grill is priced at $49.00 and we suggest pricing the George Foreman Green Machine at $59.00

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COMPETITION

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COMPETITOR COMPARISON

In-Store

Proctor Silex Price: $18.88

Hamilton Beach Price:

$60.54

Out-of-storeCuisinart

Griddler Price: $99.95

Calphalon Price: $129.95

Eco-Friendl

yOrgreenic

Price: $22.99

Neoflam Ecolon Price:

$47.95

George Forema

nChamp

Price: $49.00

Control Temp Price: $79.00

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COATING COMPARISON

In-StoreProctor Silex

Standard nonstick coating (fluorocarbon)

Fluorocarbon uses PFOA

Hamilton Beach Nonstick grids (PFOA-free)

George Foreman Nonstick coating

Out-of-StoreOrgreenic

Ceramic nonstick coating (PFOA-free)

Neoflam Ecolon Ceramic nonstick coating

(PFOA-free)

Cuisinart Griddler Nonstick coating

Calphalon Calphalon unison nonstick

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Type Item Ecolon Coating

PFOA Coating

Environmental Factor

Chemical EmissionProduction MethodCuring Temperature

Non-existentEco-friendly200 degrees Celsius

Starts at 240 degrees CelsiusPFOA is used450 degrees Celsius

Durability

Coating HardnessMax. Cooking TemperatureScratch resistance

8H450 degrees CelsiusExcellent

4H250 degrees CelsiusFair

Efficiency

Thermal EfficiencyInfrared ReflectionAnionHeat Reflection

Excellent90-93%Released when cooking55-65%

Good80-85%Not released20-30%

Non-Stick

Non-Stick AbilityConvenience for Cleaning

Good for a long timeEasy to clean

Excellent but wears off easilyHard to clean after repeated use

COATING COMPARISON, CONT’D

SOURCE: http://www.highel.com/EcolonCoating.html

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Video

DOES IT REALLY WORK?