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Want Beverages Case Study

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Case Study
Want Beverages

The following document will provide a case analysis for “Want Beverages” as found within the New Venture Creation textbook.
Question 1
The start up company presented in this case, Want Beverages, portrays several strengths. Both entrepreneurs, Bill and Angela, are able to use their work experience from Spellbound to develop a thorough understanding of their target market, young active sports drinkers. In addition, they have participated in multiple sporting events that have provided the business owners with an understanding of the Canadian action sports industry. Want Beverages has a history of promotional efforts that have created a significant brand image. Some of these promotional efforts include supplying decorated Want refrigerators in retail outlets and sponsoring events such as The Ontario Cup Downhill Mountain Bike Race. Want Beverages also has engaged in philanthropic efforts such as donating 15 cents for every bottle sold to support action sports such as local skate parks, snowboard hills, and BMX trails. These efforts have created a reputation for Want beverages that resonates within their target market. Another strength of Want Beverages is their flexible production schedule that allows them to place an order with as little as two weeks led time. Another strength of Want Beverages is that they have a large product line and are continuing to expand the flavor options available. These strengths have allowed the company to prosper over the years.

Though Want Beverages has several strengths, they also face several challenges. One of the biggest challenges facing the company is the lack of human capital. As the company expands the need for a larger staff becomes apparent. Another weaknesses facing the company are their lack of financing. Currently they have been using ‘bootstrapping’ methods with minimal amounts of

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