Neeraj Bakshi, who bought a vodka distillery in 2019 in Mississauga, Ontario, had big dreams for the distillery and purchased a 2.5-hectare property in Welland, Ontario, to increase its production capacity. Bakshi had invested significantly in NB Distillers, which now produced three types of vodka, two types of whisky, and one type of gin, and he wanted to see nothing but success. He had advertised on billboards, bus shelters, and radio, but he wanted to spend his communication budget more strategically and was open to trying new ideas. Now, in May 2021, he needed answers to several important questions: What audience segment should NB Distillers target? How should Bakshi position the distillery? What other promotional tools might help him achieve greater brand awareness?
Neeraj Bakshi, who bought a vodka distillery in 2019 in Mississauga, Ontario, had big dreams for the distillery and purchased a 2.5-hectare property in Welland, Ontario, to increase its production capacity. Bakshi had invested significantly in NB Distillers, which now produced three types of vodka, two types of whisky, and one type of gin, and he wanted to see nothing but success. He had advertised on billboards, bus shelters, and radio, but he wanted to spend his communication budget more strategically and was open to trying new ideas. Now, in May 2021, he needed answers to several important questions: What audience segment should NB Distillers target? How should Bakshi position the distillery? What other promotional tools might help him achieve greater brand awareness?
Struggling to maintain a work-life balance after the birth of her second son in 2011, Dalia Barsoum left her executive position in Wealth Management at the Bank of Montreal to start her own business. She founded Streetwise Mortgages, an independent mortgage brokerage that targeted customers interested in purchasing investment properties. Customers were offered hours of free consultations on building wealth through real estate and had access to Barsoum's network of support. The value of these consultations to customers caused many clients to book meetings, consuming time and resources without generating a penny in revenue for Streetwise. By August 2020, Barsoum felt overwhelmed by the number of requests; she had only so many hours for consultations and needed to come up with a solution. She was considering charging a refundable fee for consultation meetings to discourage less-serious customers from booking one. Alternatively, she liked the idea of a screening tool, such as a questionnaire that determined customers' needs, resources, and goals to tailor the advice and services better.
After pursuing a career in finance, the case protagonist moved back to his hometown of Toronto in 2016 to pursue his dream of being an entrepreneur. An incident involving his diabetic father during a family vacation was the primary motivation for his decision to help diabetics by offering treats they could enjoy without worrying about the health consequences. Being inexperienced in the baking industry, he invited a food connoisseur to join him in this adventure. She advised him to revise his product strategy from being solely low sugar to being low sugar, vegan, and gluten free in order to stay on top of market trends and target more customers. The entrepreneur’s new business, Bald Baker, began in January 2017, and in April of that year it officially launched three of Bald Baker’s products at the Niagara Food & Wine Expo. Bald Baker’s treats at this and other consumer food shows were receiving very positive reviews.<br><br>The entrepreneur now had to make some decisions about the future of Bald Baker. To ensure the long-term growth and sustainability of the brand, should Bald Baker’s product positioning be low sugar, or vegan/gluten-free/ketogenic-diet friendly? How should he allocate a $50,000 grant toward Bald Baker’s marketing?