Always-on, 24/7 web-based course teaches all essential business skills for producing and selling wine. Work at your own pace with 12-months of access!
The class synchronously surveys the key drivers and the necessary decisions from the vineyard, wine production, production/winery model options, then considerations of sales channels, distribution, and getting a product into the wine market. This lesson format is designed for providing a deeper understanding of the entire supply chain and value chain from the grapes to the glass. The subjects of marketing, distributing, and selling expands to include both a primary brand as well as a range of products, including options for export and negotiate brands.
You gain 12-months of access to the course as soon as you enroll.
Through a combination of video lectures, project-based learning, selected reading, and optional activities, students will be able to:
- Understand the contribution of the individual components (grapes, production, cellaring, and packaging) to the potential cost and value of a wine product.
- Describe the business issues associated with viticulture, production, marketing, distribution and points of sale.
- Evaluate alternative approaches for weighing the quality and financial options associated with viticulture, production, marketing, distribution and points of sale.
- Calculate costs associated with the different components of a wine business: wine cost of goods, sales channel options, marketing and point of sale.
- Expand the understanding of the distribution and regulatory issues to include the international wine market.
- Assess the internal environment of a wine product or business, identifying the strengths and weaknesses in a wine business by conducting a SWOT analysis.
- Assess the external environment, identifying the opportunities and threats to a wine business by conducting a SWOT analysis.
- Draft a plan for going to market with a new wine product or business based.
- Plan for and consider understanding global supply and demand issues and effects, future wine markets and alternative channels of wine commerce.
NOTE: There is no course text per se. Reading assignments will be a combination of published papers, and news/hot topic articles that pertain to each lesson segment. Additionally, you will be asked to view additional videos and conduct simple activities that can be accomplished when shopping at stores (grocery stores, wine stores), winery visits (when/if possible) and dining in restaurants. These activities have you look at wine product selections, pricing and details you would not normally consider asking yourself, “how did this get here, what is the market for this wine, and how much did it cost to produce it?” Also strive to discuss the wine business, not your usual wine aesthetic discussions, with anyone and everyone you run into! There is not a time limit for any section or part of the course and it can be completed in a week for highly motivated students working several hours a day, or over a period of weeks or even months by anyone wishing to do the work over a longer time period.