Capstone – Project
Prepare to Launch Farina by Producing a Comprehensive Marketing Strategy
A Collaboration Between
Hive Hospitality is an organization with lots of experience designing, launching, and scaling hospitality concepts. They are preparing to launch a new concept called Farina, a concept that blends of . They need your help preparing for launch and planning out their marketing strategy to get customer adoption quickly once they launch. How can Farina differentiate themselves? How do you inform customers about the opening of the physical store locations in Reston and Arlington, VA? What ways would you suggest cross-selling the subscription to physical patrons? What about selling the subscription to customers that have not yet been in the store? Don’t forget to dive deep into successful marketing examples for similar companies to see what best practices we can learn from them. The ideal outcome of this project would be a comprehensive marketing plan, including a detailed overview of the marketing mix to achieve the best results. An effective marketing plan should also outline resources required for the plan to be successful and how you would measure success. With any additional time, please help the Farina team think through the official launch strategy as well.
Project Topics
Marketing
Operations
Product Design & Development
Research & Development
Sales & Business Development
Company Information
Company | Hive Hospitality |
HQ | Washington, DC |
Revenue | Unlisted |
Employees | 50-100 |
Stage | High-Growth Startup |
Hiring Potential | Follow-on Projects, Formal Internship, Entry Level Full-Time, Upper Level Full-Time |
Website | https://www.brescadc.com/ |
Company Overview
Experiential Learning Program Details
School | Washington University of Virginia |
Engagement Format | - |
Course | BUS 700 Business Research (Capstone) – Fall 2021 |
Level |
|
Students Enrolled | 30 |
Meeting Day & Time | Tuesdays, 2:20pm - 4:50pm |
Student Time Commitment | 4-7 Hours Per Week |
Company Time Commitment | 3-5 Hours |
Duration | 14 Weeks |
Program Timeline
Touchpoints & Assignments | Due Date | Type | |
---|---|---|---|
REMINDER OF CONFIDENTIALITY
REMINDER OF CONFIDENTIALITY
During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
|
August 28th, 2021 | Event na | |
KICKOFF ASSESSMENT DUE
KICKOFF ASSESSMENT DUE
Survey link: https://forms.gle/1RU5M8qZfL9hWKXW8
|
August 29th, 2021 | Evaluation evaluation | |
PROJECT KICK-OFF
PROJECT KICK-OFF
Zoom: Meeting ID: 828 7747 6211
Passcode: 512419
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
|
August 31st, 2021 | Event na | |
Check-In #1 with FARINA (Groups A & B)
Check-In #1 with FARINA (Groups A & B)
2:30-3:00pm (A1) / 3:00-3:30pm (A2) / 3:30-3:50pm (B1) / 3:50-4:10pm (B2) / 4:10-4:30pm (B3)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
September 7th, 2021 | Event na | |
Upload DELIVERABLE #1 File(s) [Groups A&B]
Upload DELIVERABLE #1 File(s) [Groups A&B]
Upload presentation file and written file (if one) to CapSource website.
|
September 14th, 2021 | Submission Required submission-required | |
DELIVERABLE #1: Q&A With FARINA LEADERSHIP (Groups A & B)
DELIVERABLE #1: Q&A With FARINA LEADERSHIP (Groups A & B)
Deep dive on concept, the market and competitive analysis.
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
September 14th, 2021 | Event na | |
TEMP CHECK #1 DUE
TEMP CHECK #1 DUE
Survey link: https://forms.gle/E5HB3DSt4YbXykCz6
|
September 21st, 2021 | Evaluation evaluation | |
Check-In #2 with FARINA (Groups A & B)
Check-In #2 with FARINA (Groups A & B)
2:30-3:00pm (A1) / 3:00-3:30pm (A2) / 3:30-3:50pm (B1) / 3:50-4:10pm (B2) / 4:10-4:30pm (B3)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
September 21st, 2021 | Event na | |
FACULTY / TEAM CHECK-INS (All Teams)
FACULTY / TEAM CHECK-INS (All Teams)
2:30pm - 2:45pm: All Teams Check-In (Dr. Chase)
2:45pm - 4:30pm: Individual Team Meetings (Team Leaders)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
September 28th, 2021 | Event na | |
DELIVERABLE #2: PRESENTATIONS (All Teams)
DELIVERABLE #2: PRESENTATIONS (All Teams)
GROUP A: Present Financial Modeling Plan to Farina Leadership (Deliverable #2)
GROUP B: Competitor Marketing Brief + Presentation (Deliverable #2)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
October 5th, 2021 | Event na | |
Upload Deliverable #2 Presentation files (ALL TEAMS).
Upload Deliverable #2 Presentation files (ALL TEAMS).
Upload presentation and written files (deliverables) to CapSource.
|
October 5th, 2021 | Submission Required submission-required | |
FACULTY / TEAM Check-Ins (All Teams)
FACULTY / TEAM Check-Ins (All Teams)
2:30pm - 2:45pm: All Teams Check-In (Dr. Chase)
2:45pm - 4:30pm: Individual Team Meetings (Team Leaders)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
|
October 12th, 2021 | Event na | |
TEMP CHECK #2 DUE
TEMP CHECK #2 DUE
Survey link: https://forms.gle/8AvLiVJNnuL4DyFy8
|
October 13th, 2021 | Evaluation evaluation | |
Check-In with FARINA (Groups A & B)
Check-In with FARINA (Groups A & B)
2:30pm-4:30pm - All teams meet with Farina for Check-In.
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
October 19th, 2021 | Event na | |
FACULTY / TEAM Check-Ins (ALL TEAMS)
FACULTY / TEAM Check-Ins (ALL TEAMS)
2:30pm - 2:45pm: All Teams Check-In (Dr. Chase)
2:45pm - 4:30pm: Individual Team Meetings (Team Leaders)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
|
October 26th, 2021 | Event na | |
Upload Deliverable #3 Presentation & Written Files (ALL TEAMS)
Upload Deliverable #3 Presentation & Written Files (ALL TEAMS)
Upload presentation and written files (deliverables) to CapSource.
|
November 2nd, 2021 | Submission Required submission-required | |
DELIVERABLE #3: PRESENTATION (All Teams)
DELIVERABLE #3: PRESENTATION (All Teams)
Group A: Present Preliminary Working Financial Model (Deliverable #3)
Group B: Present Your Comprehensive Marketing Plan (Deliverable #3)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
November 2nd, 2021 | Event na | |
FACULTY / TEAM Check-Ins (ALL TEAMS)
FACULTY / TEAM Check-Ins (ALL TEAMS)
2:30pm - 2:45pm: All Teams Check-In (Dr. Chase)
2:45pm - 4:30pm: Individual Team Meetings (Team Leaders)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
November 9th, 2021 | Event na | |
TEMP CHECK #3 DUE
TEMP CHECK #3 DUE
Survey link: https://forms.gle/X3xki8eDpfb9Q5KK9
|
November 12th, 2021 | Evaluation evaluation | |
Check-In with FARINA (Groups A & B)
Check-In with FARINA (Groups A & B)
2:30-3:00pm (A1) / 3:00-3:30pm (A2) / 3:30-3:50pm (B1) / 3:50-4:10pm (B2) / 4:10-4:30pm (B3)
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
November 16th, 2021 | Event na | |
NO CLASS - Thanksgiving Break
NO CLASS - Thanksgiving Break |
November 23rd, 2021 | Event na | |
DELIVERABLE #4: FINAL PRESENTATIONS (Group A)
DELIVERABLE #4: FINAL PRESENTATIONS (Group A)
Present Improved Financial Model with KPIs and Dashboards for Farina Concept (Deliverable #4).
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
November 30th, 2021 | Event na | |
Upload Final Presentation & Written Deliverable #4 files (Group A).
Upload Final Presentation & Written Deliverable #4 files (Group A).
Upload presentation and written files (deliverables) to CapSource.
|
November 30th, 2021 | Submission Required submission-required | |
DELIVERABLE #4: FINAL PRESENTATIONS (Group B)
DELIVERABLE #4: FINAL PRESENTATIONS (Group B)
Present Comprehensive Marketing Plan with Launch Strategy (Deliverable #4).
Join Zoom Meeting
https://us02web.zoom.us/j/82877476211?pwd=b2ZhL2FQR1BvUTA1ZkxkUHU1QlBWUT09
Meeting ID: 828 7747 6211 / Passcode: 512419
One tap mobile
+13017158592,,82877476211#,,,,*512419# US (Washington DC)
+16465588656,,82877476211#,,,,*512419# US (New York)
Find your local number: https://us02web.zoom.us/u/kbCxa9CRE
|
December 7th, 2021 | Event na | |
Upload Final Presentation & Written Deliverable #4 files (Group B).
Upload Final Presentation & Written Deliverable #4 files (Group B).
Upload presentation and written files (deliverables) to CapSource.
|
December 7th, 2021 | Submission Required submission-required | |
FINAL SELF ASSESSMENT DUE
FINAL SELF ASSESSMENT DUE
Survey link: https://forms.gle/bXxZA1K4hvguMM1j9
Please complete the Final Self-Assessment. Please take time to honestly answer these.
|
December 12th, 2021 | Submission Required submission-required | |
FINAL PEER ASSESSMENT DUE
FINAL PEER ASSESSMENT DUE
Survey link: https://forms.gle/xdRbuYz3m75kmm1R7
Please take time to thoughtfully answer this Peer Assessment of your teammates. Your responses will be part of the collective assessment (grade) of your fellow team members. This is your opportunity to help Dr. Chase assess the contribution of your fellow students throughout this entire course.
IMPORTANT: You need to fill out a separate assessment for each member of your team (i.e. 5 team members = fill out 4 assessments (you + 4 = 5).
For "Your College/University" put "WUV"
For "Name of Company/Organization your worked with" put "FARINA"
For ""What is the title of the project you worked on?" put your team name, i.e. "Team A1 (Kelly)" or "Team A2 (Murat)" or "Team B1 (Surendra)" or "Team B2 (Nuttima)" or Team B3 (Onon)".
|
December 12th, 2021 | Submission Required submission-required |
Key Project Milestones
-
September 14, 2021 - Deep Dive on Concept, the Market and Competitive Analysis
- What’s the difference between brick and mortar retail vs. subscription models?
- How does this materialize with food service companies?
- What companies have been able to accomplish both within one model? (See Cooper’s Hawk as good reference)
- Who are the top players in subscription food service?
- What about subscription wine and spirits?
Suggested Deliverable:
Prepare for Q&A with Farina Leadership
-
October 12, 2021 - Identify Successful Marketing Strategies Used by Similar Concepts
- How does the retail store strategy compare with the subscription concept?
- What components need to be included in the comprehensive marketing strategy based on your diligence?
- What are the key differentiators for Farina? How can the company highlight those through a carefully designed marketing strategy?
Suggested Deliverable:
Prepare Competitor Marketing Brief + Presentation
-
November 9, 2021 - Produce a Comprehensive Marketing Strategy
- How would you plan marketing for the first 12 months of operations?
- What budget would be required?
- What about other resources like desgners, copywriters, PR agents?
- How will you measure success?
- What should be the marketing mix?
- Are there influencers or others that might add value?
- What should be the social media strategy?
Suggested Deliverable:
Outline and present your comprehensive marketing plan
-
December 7, 2021 - Finalize Marketing Plan with Official Launch Strategy
- How should the company plan for the official launch of the Farina concept?
- How can they make the launch extra successful?
- How would you measure success?
- What types of event marketing and promos could be a good fit for a concept like Farina?
- Who should be at the launch?
- What about PR?
Suggested Deliverable:
Produce comprehensive marketing plan with launch strategy
Project Resources
There are no resources currently available