Strategic Marketing Plan: Nestle's Healthy Drink in the USA and UK

Verified

Added on  2023/04/22

|11
|595
|301
Report
AI Summary
This report provides an analysis of the marketing strategies employed by Nestle for its new healthy drink product, which is designed for gym enthusiasts and individuals with diabetes. The report identifies targeting tactics such as concentrated, differentiated, and undifferentiated strategies. It explores the marketing mix elements in the USA and UK, considering the different business climates, purchasing power, and consumer preferences in each country. The report also discusses business-to-business (B2B) and business-to-consumer (B2C) marketing strategies, as well as international versus domestic marketing approaches, highlighting the challenges and considerations involved in each. The conclusion emphasizes the importance of selecting an appropriate segmentation approach for effectively targeting the product to the right buyers.
Document Page
Task 4
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Introduction
In order to meet this, cited firm have come up with their new products
namely Nestle healthy drink which is especially made for the gym lovers
and also for the individuals who are suffering from the diabetes
Document Page
Targeting tactic
Concentrated strategy
Differentiated strategy
Undifferentiated strategy
Document Page
LO 4.1 MARKETING MIX FOR TWO
DIFFERENT SEGMENTS
Company is doing operations in more than 25 countries. Now the new
product has been planned to launch in two different nations. There is a
difference in the business climate of the two countries
USA
Prices in USA will be kept higher because the purchasing power of the
customer is high
The marketing mix elements in USA re very dynamic
The customer in USA are more prices conscious
People in USA are little concerned about their health
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
UK
The prices will be kept lower because the purchasing power of the
customer is low
However the economic conditions have improved a lot
People in UK are quality conscious and more hygienic
People in UK are more concerned about their health
Document Page
4.2 MARKETING STRATEGY TO MARKET THE
PRODUCTS AND SERVICES TO AN
ORGANIZATION
Business to business marketing
Business to business marketing is related with doing the trading with
other companies
Nestle can make use of direct marketing in order to generate the
lead, loyalty, demand and faith from the customers
The sales and volume of B2B business will be higher
The number of buyers will be less
Document Page
Business to Consumer marketing
It is concerned with marketing the products to the customers
The objective is to transform the shopper into purchasers
The time period for business transaction is short
Marketing campaigns are designed to gain the interest
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
4.3 MARKETING STRATEGY TO MARKET
ABROAD
International Marketing
High level of competition
Many barriers are there such as tariffs, cross culture, language
differences
The rules and regulations from the side of government is high
Document Page
Domestic Marketing
Domestic marketing refers to the activities in which trade transactions takes place
within the country
Government interference is low or zero
The level of competition is high
Document Page
CONCLUSION
It can be concluded from the given report, in order to carry out the
segmentation of customers firm must select an appropriate approach.
This is because, if not selected then the product of company cannot be
segmented by the buyers effectively.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
REFERENCES
Dibb, S., and Carrigan, M., 2013. Social marketing transformed: Kotler,
Polonsky and Hastings reflect on social marketing in a period of social
change. European Journal of Marketing. 47(9). pp. 1376–1398.
Henley, N., Raffin, S. and Caemmerer, B., 2011. The application of
marketing principles to a social marketing campaign. Marketing
Intelligence & Planning,29(7). pp. 697-706.
Kim, J. H. and Hyun, Y. J., 2011. A model to investigate the influence of
marketing-mix efforts and corporate image on brand equity in the IT
software sector. Industrial Marketing Management. 40(3). pp. 424-438.
Olimpia, N., 2011. From Internal Marketing to Human Resource
Marketing. A Conceptual Framework of the Human Resources Marketing.
Ovidius University Annals, Economic Sciences Series. 11(1). pp. 1473-
1476.
chevron_up_icon
1 out of 11
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]