Executive Summary
Baked KL, a niche, home-based vegan snack and dessert business, caters specifically to consumers with strict dietary restrictions. This case study examines Baked KL's strategic approaches to market challenges by focusing on its unique positioning (i.e., as a first mover in the Klang Valley’s vegan market) and recommending solutions in line with the ethos of its owner.
Its key challenges are (1) consumer awareness, (2) economic conditions, and (3) Technical and material limitations. Solutions include (1) operational modifications, (2) business expansion, and (3) strategic marketing and delivery services. We argue that combining economic and managerial theories with hands-on tactics can enable niche food businesses to thrive by embodying theories and skilfully applying them to overcome complex issues and achieve long-term growth in a fast-changing market. Baked KL's journey demonstrates the importance of agility in small businesses and the value of applying a targeted, niche approach which does not necessarily rely on the mass market.
ASB-ARC | BCS007 | AUGUST 2024
The views and opinions expressed are those of the authors and do not represent those of the ASEAN Research Center (ARC), the Asia School of Business (ASB) or its affiliates. All errors remain the authors’ own.
Attribution – Please cite the work as follows:
Asher, Olatimidé., Josan, Jeevesh Singh & Sharma, Mohit (2024). Baked KL: Prospects for a Pioneering Actor in the Local Vegan Market. ARC BCS ID: BCS007. https://asb.edu.my/faculty/research-publication-database/ Kuala Lumpur: Asia School of Business.
Creative Commons Attribution CC BY 3.0
Please visit https://asb.edu.my/research-office/the-asean-research-center-arc/ for further information on the ASB ASEAN Research Center – Business Case Study Series.