It is packaged in bright yellow color given that this color is quite attractive to younger people. This color makes Maggi both easily distinguishable and also lively.It has a strong distribution and its availability is present in both traditional retail (kirana stores) and up-market posh supermarkets. It sells mostly in single size serving however it has innovatively changed the packaging allowing multiple serving inside the same packet. Through this it wants to increase brand loyalty. Typically
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CBBE Pyramid Powerful brands create meaningful images in the minds of customers (Keller‚ 1993). A strong brand image and reputation enhances differentiation and has a positive influence on buying behaviour (Gordon et al.‚ 1993; McEnally and de Chernatony‚ 1999). A brand is a bundle of functional‚ economic and psychological benefits for the end-user (Ambler‚ 1995). Brand equity‚ as defined by Keller (1993)‚ occurs when a brand is known and has some strong‚ favourable and unique associations in a
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Nestle India – Good Food‚ Good Life FMCG sector‚ Manufacturing. INTRODUCTION Industry Structure The Indian Fast Moving Consumer Goods sector is the fourth largest and fastest developing sectors in the economy with a total market size in excess of US$ 44.9 billion in 2013 with a growth rate of about 16.2% since 2006. Products which have a quick turnover‚ and relatively low cost are known as Fast Moving Consumer Goods (FMCG). FMCG products are those that get replaced within a year. The growth if
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1.0 Introduction Fast Moving Consumer Goods (FMCG) is the products that are frequently purchase by consumers and it is comparatively low cost in retail shop for example soft drinks or newspaper. Nestle is one of the global leaders in the FMCG segment. Nestle is a Swiss multinational food and beverage company which was founded in 1866 by Henri Nestle. It has around 450 factories and operates in 86 countries included Malaysia. Nestle Malaysia started in 1912 as the Anglo-Swiss Condensed Milk Company
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Positioning and repositioning Before positioning companies has to do segmentation and targeting. Segmentation is dividing the market into segments upon some set of criteria and evaluating the profitability of each segment Targeting is selecting one or more segments and going after them Positioning is how do you want your brand to be considered by consumers when compared to other competing brands. Positioning is based on product features such as color‚ price‚ fluffiness‚ quality of service
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Introduction 1. Undoubtedly noodles are a popular food in the world. The business of noodles is heating up as more and more households are opting for it as convenient snacks for home‚ school tiffin and guests. Noodles are now consumed by many health-conscious people‚ especially job holders‚ as an afternoon meal because it helps save time. According to Wikipedia‚ archeologist found earthenware bowl containing the world’s oldest known noodles‚ measured roughly 4000 years in Asia. Wheat noodles in
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A STUDY OF THE CONSTRUCTION OF BCG MATRIX FOR NESTLE INDIA Tarun Jain1 TABLE OF CONTENTS Executive Summary Objectives Research Methodology Introduction Studying the construction of BCG matrix for Nestle Conclusion Suggestions Limitations Bibliography Annexure – I (The BCG Matrix explained) Annexure – II (List of Nestle Products worldwide) Annexure – III (List of Nestle Products offered in India) Annexure – IV (List of provisional stores surveyed for the study) 1 For details‚ visit http://ssrn
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THE PROCESSES OF BUILDING BRAND EQUITY This paper combines the conceptual framework of customer-based brand equity (Keller‚ 1993) and six-stage model of brand evolution (Goodyear‚ 1996) to develop the processes of building brand equity. Focuses of brand equity building are suggested for each stage. Key words: brand equity‚ brand knowledge‚ brand evolution INTRODUCTION Successfully building‚ managing‚ and tracking the brand equity of brands are main goals of brand management. The brand strategies
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SCHOOL OF MANAGEMENT (SOM) PRINCIPLES OF ECONOMICS (DBF 1231) SECTION 3 PREPARED BY : FIQRATUL AHDA BINTI MARTIAS MATRIC NUMBER : DBF 131078 PREPARED FOR : MR.HAFIZ QUESTIONS: 1. With your own words‚ describe ‘economics’ (2marks) * Economics is about making choices. Simple put‚ the buying and selling of products and services. 2. What is your opportunity cost of each of the following ? (8marks) a) Attending your next Principles of Economics
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EXECUTIVE SUMMARY This coursework basically is an analysis of the NESTLE MAGGI NOODLES and the various strategic issues associated with it. The analysis is done in five parts which help us in implementing our company’s future strategy. The first part basically briefs us about the external environment of the noodles industry by analysing various models like the porters five forces‚ pest analysis‚ product life cycle‚ Environment basics‚ competitive analysis key success factors‚ segmentation target
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