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
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