NESTLÉ’S CURRENT SCENARIO Nestle India has an excellent understanding of the local market and has launched products that meet the tastes and needs of the local population. The majority of its products currently cater to urban Indians and the company is progressively expanding its reach into rural areas as the country’s per capita income grows. According to Nestle India ‘At Nestlé India we make big investment in people‚ they are our top priority. For us‚ our people are the key drivers for our success
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Ovaltine‚ Vi-Co‚ Nescafe. Horlicks and Ovaltine is a malted milk hot drink. It is made from malted barley and wheat flour. It comes with different taste and smell compared with Milo which is made from chocolate. It served as a beverage same with Milo and fortified with vitamins and minerals. Vi-Co is commonly known as the straight competitor to Milo. It serves the same hot chocolate milk as Milo. Nescafe serves different kinds of coffee. They start with coffee powder like Nescafe Classic‚ Gold and
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Competitive Landscape The two primary coffee brands in India are Bru by Hindustan Unilever and Nescafé by Nestlé India. Bro - retail volume share of 30% ‚ Nescafé-15%. Bru Roast & Ground - fresh ground coffee sales‚ Volume share of 26% Nescafé’s Classic and Sunrise – Instant Coffee 53% of retail value sales in 201; Bru (41%). Illy and Lavazza are the premium coffees in India. Bru and Nescafé offer differently priced products which cater to low price and premium tastes. Data Trends
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marketing that affect marketing management’s marketing management’s ability to build and maintain successful relationships with target customers Marketing Environment Larger societal forces The actors close to the company Macroenvironment Microenvironment 3 The Marketing Environment Demographic Company Economic Cultural Publics Company Competitors Political Suppliers Customers Intermediaries Natural Technological 4 2 N.Karami ‚Marketing
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welfare 6. The rise of Pacific Rim 7. The decade of women in leadership 8. The age of biology 9. The religious revival of the new millennium 10.The triumph of individual Identifying and responding to the major Macroenvironment Forces Identifying and Responding to the Major Macroenvironment Forces • The substantial speedup of international transportation‚ communication‚ and financial transactions‚ leading to the rapid growth of world trade and investment‚ especially
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environmental trends and spotting opportunities. -The marketing environment surrounds and impacts upon the organization. There are three key elements to the marketing environment which are the internal environment‚ the microenvironment and the macroenvironment . The internal environment refers to the company and its existing products‚ marketing strategies. It also includes the strengths of the company with regard to manufacturing abilities‚ distribution capacities‚ and marketing abilities. Internal
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following; Actors – macroenvironment; suppliers‚ distributors‚ customers‚ competitors. Forces – Microenvironment; Economic‚ political‚ technological‚ social – PEST Introduction Tell them what you are going to tell them. Identify the key concepts involved in the marketing environment. Describe the nature of the marketing environment. What it means and how it shapes the activities of the company. Explain the difference between the microenvironment and macroenvironment. Introduce the company
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MARKETING MANAGEMENT Chapter 1 Defining Marketing for the 21st Century Five basic markets & their connecting flows Figure 1.1 Marketing Management - An Asian © Kotler‚ Keller‚ Ang‚ of Perspective Structure Leong & Flows in a Modern Exchange Economy Tan 4th Edition International Executive MBA PGSM Page I.01 MARKETING MANAGEMENT Figure 1.2 A Simple Marketing System © Kotler‚ Keller‚ Ang‚ Leong & Tan Marketing Management - An Asian Perspective 4th Edition
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The microenvironment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself‚ its suppliers‚ marketing intermediaries‚ customer markets‚ competitors‚ and publics. The macroenvironment refers to all forces that are part of the larger society and affect the microenvironment. It includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Microenvironment The company aspect of microenvironment
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and available for Australians to purchase at their local supermarket. However‚ in order to establish the target market for chai latte and introduce it into the Australian market‚ a situational analysis is to be conducted. Marketing and the Macroenvironment According to Kotler‚ Brown‚ Adam‚ Burton and Armstrong (2007‚ p. 7) marketing is defined as an organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships
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