From lab to table: launching Thani Food Institute’s passion fruit-infused vinaigrette
Issued Date
2024-01-01
Resource Type
eISSN
20450621
Scopus ID
2-s2.0-85204381879
Journal Title
Emerald Emerging Markets Case Studies
Volume
14
Issue
3
Start Page
1
End Page
34
Rights Holder(s)
SCOPUS
Bibliographic Citation
Emerald Emerging Markets Case Studies Vol.14 No.3 (2024) , 1-34
Suggested Citation
Chirakranont R., Racela O.C. From lab to table: launching Thani Food Institute’s passion fruit-infused vinaigrette. Emerald Emerging Markets Case Studies Vol.14 No.3 (2024) , 1-34. 34. doi:10.1108/EEMCS-05-2024-0207 Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/101358
Title
From lab to table: launching Thani Food Institute’s passion fruit-infused vinaigrette
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Author's Affiliation
Corresponding Author(s)
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Abstract
Learning outcomes: After reading and discussing this case study, students will be able to explain the concept of diffusion of innovation and predict how the passion fruit-infused vinaigrette (PFIV) might spread throughout the Thai market; analyze the market environment for condiments in Thailand and identify specific opportunities that Preedha Vinchit and her team should consider for the successful launch of the PFIV; interpret both qualitative and quantitative data gathered by the new product development (NPD) team and discuss its implications for the product’s market strategy and development; and critique the initial launch plan proposed by Krit Anon, suggest practical strategies and calculate the break-even point necessary to meet the project’s financial goals. Case overview/synopsis: During July 2023, Vinchit, product marketer at the Thani Food Institute (TFI), faced a critical decision regarding the launch of the APFIV. Developed from TFI’s patented passion fruit peel powder, the PFIV offered functional benefits and addressed the sustainable use of passion fruit resources. As COVID-19 restrictions eased, TFI’s board of advisors anticipated a successful market entry for PFIV. Anon, culinologist and chef behind PFIV’s formulation, expressed keen interest in launching it independently with a startup investment of THB 500,000 (US$14,388). Vinchit, with market research and home-use test results indicating positive consumer reception in hand, contemplated whether to proceed with a launch plan of TFI’s design or endorse Anon’s entrepreneurial venture. Critical considerations included market viability, strategic partnerships, target demographics and marketing strategies encompassing pricing, distribution and promotional campaigns. The decision hinged on maximizing PFIV’s market potential amidst Thailand’s robust condiment consumption and growing health awareness. Complexity academic level: This case study can be used in undergraduate and graduate courses in entrepreneurship, food product development, marketing strategy, market research and innovation on topics including NPD, opportunity identification, concept testing, consumer research analysis, marketing strategy formulation, business/financial analysis and launch strategies. This case study may be more useful in the middle or later parts of a course or module when an instructor is focusing on any or all stages of the NPD process and the strategic decisions, particularly for aspiring entrepreneurs with limited resources. Additionally, students should have developed at least some preliminary understanding of qualitative and quantitative research methods. This case study has been very effective in demonstrating various organizational processes and decision-making tools, which allow students to apply strategy frameworks and systematically evaluate several alternatives. Supplementary materials: Teaching notes are available for educators only. Subject code: CSS 3: Entrepreneurship.