Marketing Plan for Nestle: Evaluation, Strategies, and PESTLE Analysis
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This presentation discusses the marketing plan for Nestle, including evaluation, strategies, and PESTLE analysis. It focuses on the production of fat-free and healthy chocolates for health-conscious individuals.
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MARKETING ESSENTIALS TASK 2
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Table of Contents Evaluation of marketing plan for Nestle Marketing plan for Nestle Strategic marketing plan CONCLUSION REFERENCES
INTRODUCTION The present presentation explain marketing plan for Nestle and also clarify PESTLE analysis for company.
Evaluationofmarketingplanfor Nestle Marketing plan is one of the best technique that help to achieve desired goals and business objectives. Marketingmanagerofcompanycreatemarketingplanformanufacturefatfree chocolates to its customers. This is one of their main business objective which help to grab the attention of clients and make them feel happy for purchasing. In competitive environment, many other organizations manufacture products within including all the necessary things base on customers requirements and try to fulfill their needs.
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CONTI…. They find out the business objective and then start segmentation process which is based on target market program. It is one of the best way to know about people likes and customers preferences before implementing any plan. Marketing planis effectiveprocess thathelpto know aboutcompanystrength, weakness, threats and opportunities. Nestle produce new variety of chocolate withinincluding fat free ingredientsand healthy supplements that help to make chocolates more healthy and tasty
MarketingplanforNestle Nestle is a Swiss multinational drink and food firm in Switzerland. Company is known as one of the largest food organization in the world. They want to producefat free and healthy chocolates forthose people's who is diet conscious and need to be physically fit in their lives. Executive summary- Nestle want to retain its customers with them for longer time and give better experience through providing fat free chocolates for those who are health conscious. This presentation has been explain PESTLE analysis and SWOT analysis which help to know more about Nestle business capability. Vision- Nestle vision is to Manufacture diet and fact free chocolates for health conscious people. Mission- Nestle mission is to garb the attention of customers, in order to gain specific goal, company produce diet free chocolates for health conscious clients and other people who love chocolate but couldn't eat due to having a lot of fact in product.
CONTI…. Objective- S- Raise high platform in business world M- providing diet chocolate to their consumers A- goal is achieve with the help of making market plan for new products. R- it increase profit margin T- 1 Year.
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CONT…… STP- Segmentation, targeting and positioning include in marketing plan of Nestle, this plan make through marketing manager of company. In this plan they will set target market, segment base on their requirements and offer products to segment group. Segmentation-Nestle marketing manager segment those society where people are very serious about their health and east healthy food. Target customers-manager set their target in market for particular products, for example, they target diabetic patients who avoid eat sweets. Positioning-They are using advertisement process in which they reach to the target customers easily. 03/04 /19
CONTI… SWOT- Strength-Nestle is a diversified organization operating in various sectors and markets in which they increase more profit rather than the others.Firm provide variety of products which make them strong rather than the others. They set different segments of market base on requirement and needs of customers. Weaknesses-Nestle cannot invest money in marketing process rather than the others. Threat-Walmart,Aldiandothercompaniesconsistentlypromotingtheir productsa which is beneficial for them. This is one of the biggest threat for Nestle which make pressure form large retailers to them.
CONTI… Opportunities-Nestle promote their new and existing products via online promotion that open up new opportunities to them. With the help of marketing companygarb customers attention and attract other people towards their business it will increase demand of product. Nestle produce healthy and fact free chocolates and drink for these customers that will maximize their productivity and profitability.
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PESTLE- Political factor- Nestle provide its products in various countries, in which each country has different regulations and set of rules made by the government. Taxation is one of the political factor that need to be followed by organization, sudden changes in government tax policy make impact on company trading process in which they need to make some changes in their existing trading procedure to run business effectively or smoothly. Economic factor- Economy growth is one of the economic factor that make impact on Nestle production plan. Rising economy require a lot of things in products for example, people get more serious about their healthy and like to eat healthy food. Thus, at this situation company needs to manufacture healthy food products .
CONTI.. Social factor-Customers needs and preferences is one of the social factor which affect business operations the most and also influence productivity and profitability. Changes in consumer preferences based on current trends directly impact each and every function of Nestle. Some people's like to eat healthy and fat free chocolates, so company has to use all the healthy ingredients and concentrate on includingnutrition in food products. Technology factor-Technology provides many opportunities to Nestle for improving existing products and developing the new ones. Current business environment raise competition level in which each company need to use new techniques. Organization are also using new procedure of marketing like e-commerce and internet which is essential to focus in modern era. Firm using different technologies in many business operations like manage database with the support of software.
CONTI… Legal factor-Legal elements include legal environment of Nestle and its impact on each operation to minimize cost and meet need.Company follow all the regulations and policies and implement employment law in which they focus on its staff safety. Sudden changes in employment law and rules make negative impact on its productivityand business reputation. Environmental Factor-Nestle make eco friendly packaging which cannot harm environment.
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Budgets AssetsBudgets Resources100 Marketing campaign50 Promotion120 TV advertisement40 Total310
CONTI…. Evaluation and control- Nestle company make fat free chocolate and make effective marketing plan for it, marketing manage give their contribution in this process. Marketing research is one of the best way to evaluate the effectiveness of marketing plan . Manager conduct market research for monitoring affectivity of plan and getting knowledge about customer experience in regard form fat free chocolates.
Strategicmarketingplan Nestle want to retain their customers with them for longer than they will, to manage this operation they use many strategies and make plans. Company identify customers needs and manufacture products according to it. They need to increase their productivity and profitability more than the others companies and build good reputation in marketplace. Thus, to achieve all these goals company understand clients current requirement in which they are more focusing on eating healthy and nutrients supplements rather than fat food products. Producing new variety of chocolates is one of organization business objective. To achieve desired goals marketing manager of Nestle make marketing plan in relate with its new product.
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CONTI…. Products- Nestle produce fat free chocolates for diet conscious people which help to make them fit and healthy in their lives. Promotion- Company use different sources for promoting their new products that helps to garb the attention of customers. It is one of the best way to show Nestle concern about their clients health and requirements.Online promotional strategy is using by organization. Price- Price is dependent on market of each individual products, Nestle manufacture new variety ofchocolatein whichtheymainlyconcentrateonnutritionand healthy ingredients . Low pricing strategy is one of the best process using by company.
CONTI.. Place-Customers like to purchase products or other things in malls and supermarkets where they get all the necessary things. So Nestle promote their new variety of chocolate in the same place where they easily garb the attention of consumer. People-Nestle recruit number of people to join its organization, they provide training to their existing and new workers that help to handle queries of customer and also give better consumer services. Process-Organization producing new products by processing it using different and better technology . Physical evidence-Setting up the coffee corners is one the best physical evidence that has been created by Nestle.
CONCLUSION The present presentation discuss about marketing plan of Nestle manager. It has been concluded manager make plans for new fat free chocolate . This report discusses Strength, weakness , opportunities and threat of company. It discussed Low pricing strategy and Online promotion strategy of Nestle marketing manager. Furthermore, Nestle produce new fat free chocolate for customers this presentation discuss marketing plan for the same that support to grab the attention of people and increase profit margin more than the others.
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REFERENCES Adnyana, R. and Darma, G.S., 2015. Strategi Marketing Mix, Yield Management, Customer Satisfaction and Occupancy Rate.Jurnal Manajemen dan Bisnis.12(1). pp.98-121. French, J. and Gordon, R., 2015.Strategic social marketing. Sage. Groucutt,J.andHopkins,C.,2015.Marketing.MacmillanInternationalHigher Education. Islam, K.R., 2016. Corporate marketing–a study of corporate communications at Nestlé Bangladesh Limited. Online MarketingMixon7P's.2018.[ONLINE].Available through:<http://www.assignmentpoint.com/business/marketing-mix-on-7ps.html>