Business plan for vit-pop brand functional drink
2
Issued Date
2022
Copyright Date
2022
Resource Type
Language
eng
File Type
application/pdf
No. of Pages/File Size
xv, 96 leaves
Access Rights
open access
Rights
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Rights Holder(s)
Mahidol University
Bibliographic Citation
Thematic Paper (Master of Business Administration (Business Administration))--Mahidol University 2022)
Suggested Citation
Sasinipha Cheaudomsap Business plan for vit-pop brand functional drink. Thematic Paper (Master of Business Administration (Business Administration))--Mahidol University 2022). Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/113899
Title
Business plan for vit-pop brand functional drink
Author(s)
Abstract
Functional drinks industry is in high demand and grows faster than other segments in Thailand. Therefore, there was an opportunity for new players to enter the market by offering products that meet customer demand and mitigate customer pain points. The objective of this study was to validate customers' insights in terms of functional drink behavior and customer experiences. To gain customer insight information, data were collected from 400 working people living in Bangkok or metropolitan areas through an online questionnaire via Google Forms. Descriptive statistics were used to analyze the data. The initial investment was 2,046,196.15 THB, where the capital was derived entirely from equity, with no debt. The expected growth rate increased by 13.30% in accordance with the growth rate of the functional drink market. The brand estimated the products sold at 582 bottles/day or 209,322 bottles/year, which could considerably generate profit. As a result, the first-year project revenue was 1,963,854.79 THB. The project’s capital budgeting determined an NPV of 14,196,475.16 THB, an IRR of 97.43%, and a payback period of 1.92 years. Hence, the VIT-POP project was feasible and worthwhile to invest in. IMPLICATION OF THE THEMATIC PAPER: This business plan was beneficial for a new start-up company in developing a prototype and designing marketing strategies for launching a new product into the functional drink market, as well as for financial planning and risk management.
Degree Name
Master of Business Administration
Degree Level
Master's degree
Degree Department
International College
Degree Discipline
Business Administration
Degree Grantor(s)
Mahidol University