Final Project: Tabasco 7-Spice Chili Recipe Case Study MKTG - 1030 - F16
Final Project: Tabasco 7-Spice Chili Recipe Case Study MKTG - 1030 - F16
Final Project: Tabasco 7-Spice Chili Recipe Case Study MKTG - 1030 - F16
• Ashley Epperson
• Eduardo Arellano
• Paul McConkie
• Ernest Simmons
• Maxwell Collins
• Ramona Wolfgramm
• Joshua Burt
CASE STUDY : Tabasco 7-Spice Chili Recipe (NOT TABASCO
PEPPER SAUCE)
For more than 100 years, the world’s premier marketer of red
pepper sauce has been churning out its mainstay product with no
sense of urgency about diversifying its line. The family-owned
McIlhenny Co., makers of the Tabasco sauce that all but owns the
hot sauce market, started marketing other products only in 1973.
It was then when they introduced a Bloody Mary mix, followed by
a picante sauce in 1982. Now they offer Tabasco Brand 7-
Spice Chili Recipe mix, which plays off the strong heritage and
widespread awareness of the Tabasco brand.
Tabasco got its start in 1865 when Henry McIlhenny used peppers
brought from Mexico’s Yucatan Peninsula to create the sauce. For
four generations, each patriarch has taken a daily walk, dressed in
suit and tie, through the fields of peppers during the fall harvest
to personally inspect the crop’s quality, examine the mash in the
vats, and watch the shipment of bottles. For more than a century,
neither the bottle nor the name nor the logo has changed.
SWOT ANALYSIS
Strengths
Tabasco sauce was traditionally used in Mexican cooking, but
it has become a key item in almost all households.
Well known throughout the world.
Sold in every grocery store in the U.S
Ingredients are all natural.
It has a long shelf life
The company has strong heritage values passed down from
generation to generation.
Weaknesses
Produced in one factory on an island. Making it hard to
relocate and distribute.
Limited number of products to distribute.
Thought of as mostly hot sauce, hard to appeal to the mild
fans.
Family owned company could have limits to financial
backing.
Company relies on Tabasco brand name to sell their product.
Opportunities
Market to people who enjoy spicy foods.
Video campaigns could be put into action for the 7 spice chili
sauce.
Large fan base of the sauce already. Already has a good
reputation.
Easy meal to fix for the family
Tabasco should consider making the chili ready-to-eat.
Threats
Hot sauce is on the rise.
More hot sauce companies are coming into the hot sauce
game.
The location makes it prone to storms, floods, etc.
Limited growth due to location.
Other products that have been on market longer with
stronger presence and different options. McCormick Chili Mix
for example offering a variety of different chili flavors.
TARGET MARKET
The plan is the prestige of the Tabasco Sauce will get into the ears
of young adults up to people of the age of 50. We want the people
whom like to party, tailgate, relax, or even just want chili for a
family dinner to get our message.
TELEVISION COMMERCIAL
(Separate document uploaded)
Script:
LIMITED DEAL
offer (DON’T SLEEP)
e