Introduction Food and beverage industry has vast market allows the industries to offer numerous productstothemarket.ManyFoodandBeverageindustriesdealtheirbusinessat international level like Nestle, Hershey, Tyson Foods, and ConAgra Foods. This report is based on comparing the essential factors affecting the objectives of marketing position, financial position, strategic development and positioning of products in three famous food and beverage organisations namely; Nestle, Tyson Foods, and ConAgra Foods. FactorsNestleTyson FoodsConAgra Foods Marketing Objectives Nestle focuses on providing quality food suitable for better health without compromising on the price; it is committed to increase its market growth through innovation and to reach mid-single- digit organic growth in the year 2020. Nestle focus good quality product for the customers, it make brand- positioning strategies Tyson Foods is committed to deliver safe, affordable, and sustainable food for all. Tyson Foods focus on effective cooperation with the stakeholders to solve the customer needs and demand for particular product, selection of price penetration strategy it aims to set lower price than its competitors and attract more Marketing Strategies in ConAgra Foods is based on the concept to find the solution for customers’ needs. Operating in four different segments: Consumer Foods, Ralcorp Food Group, Commercial Foods, and Ralcorp Frozen Bakery Products it has less control over the pricing strategy and customers have many lower cost substitutes from the
to attain the profitable return from its customers (Lehmann, Mak, & Bolten, 2019). customers from the market(Allen, 2016). competitors, it focus to enter in the merger and acquisition to deal the challenges in the market and attain the profitable return (Veil, Dillingham, & Sloan, 2016). Financial Objectives Cost saving strategies and making balance between competitive shareholders returns, flexibility for external and internal growth, earning per share and effective access to the financial market. Management in the Nestle focus to increase capital amount spend in the quality products and aiming to create share value of each Financial objective followed by the Tyson Foods, based on brand quality and in lowest price than the competitors, Tyson Foods use its brand positioning to gain the profitable outcomes from the product supply. It focuses to increase the share price return for the investors and manage the product’s sustainability for the customers. It focuses ConAgra has more than 7 acquisitions in the market since 2011, with the aim to lead the brand producer and supplier of the private brand foods, and services related to the food and beverage sector. Supplying the quality beef and other edible items, it targets lower price, which affect the quality of the product. Shareholders’
share for both shareholder and society(Varma & Ravi, 2017). to manage the short- term investment in growing challenging market for the competitors. It designs the product size, price, and quantity based on direct or indirect surveys, and market volume of the product sales and total turnover (Almanza, Constance, & Martínez, 2018). investment in the shares is responsibility to the organisation to return the profitable return for the shares. Brand positioning in the competitive market ConAgra major focus to maintain its position rather than financial stability, it design the market according the segmentation based on the age, sex, income and group. Commercial sector of the food and beverage industry, it demand the bulk supply of the beef meat and many more items in lower price hence it target to earn
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maximum financial stability from the demanded market segment(White, Trejo-Pech, & Noguera, 2018). Strategy Development Growth strategies adopted by the management of Nestle focus on product differentiation strategies. It focus in introducing many flavours for same product attracting all age customers, like instant coffee, Maggie flavours and many more. It focuses on the local market brand positioning to build close knot of connection, it target Tyson Foods focus on supply of meat processing, as it the second largest beef exporter in the US with many other industries. Acquisition strategy adopted by the management to attain the leading position in the industry helps them to identify opportunities, for the product differentiation, making the market more challenging for the competitors. The Price penetration and cost-leadership and product differentiation strategy with merger of the brand advertising in the local household sector is assumed to develop its position in the market. Increased demand of the frozen, packed quality product in the market open the opportunity to invest in this sector and dealing in the different sectors, it
to provide better quality hence cannot make cost lower (Ortega, 2010). Hence, it focuses to provide small quantity sachet for its product to make them available for low earning customers as well. cooperative strategy of the management allows them to control over the domestic market by introducing the innovative changes in the product. It focus on the attaining the effective customers relationship to measure the product demand in the market and design cost leadership and product differentiation strategy to develop its position in the market(Allen, 2016). need to transform its previous strategies to meet the goals of development with the quality return for the investors(Vashisht, 2018).
Positioning of the Product As above the market-positioning map, it is witnessed that Nestle is enjoying the leading position in the packaged frozen food and beverage industry, as it focus to maintain the quality in high price as compare to the Tyson Foods and ConAgra foods. Some issues for the product quality issues from India affected the positioning of its product named “Maggie” in India, opening the doors to the competitors, Tyson Foods and ConAgra also made efforts to maintain the product quality according to the customer’s satisfaction ground. Conclusion This report discusses strategies of the leading brands in the food and beverage industry. This report has detailed analysis to strategies adopted by the Nestle, Tyson Foods, and ConAgra Foods to meet the challenges in the industry and attain the profitable return from the market. strategy development in the organisations focus the effective marketing, High Cost High Quality Nestle Tyson foods Low Quality ConAgra Foods Low Cost
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brand positioning and detailed analysis of previous strategies and measurement of the outcomes to plan next development strategies.
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