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Essay on A Competitive Audit of Nestle's Milo

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A Competitive Audit of Nestle's Milo

I plan to produce a SWOT analysis, PEST analysis and a Competitive
Audit on Milo. This is because I’m going to need to produce a good analysis on the market place, if I intend to create the best marketing strategy. This is important because there are a range of options available when creating a marketing strategy. Without these analytical processes I will not be able to identify, which strategy is appropriate. I am going to produce a SWOT analysis to find out how effective Milo is operating and what internal factors may influence its success. A
SWOT analysis analyses the internal factors that may influence the success of a business. The initials SWOT stand for:

Strengths
Weaknesses
Opportunities …show more content…

The purpose of the PEST analysis is to analyse the organisation (Nestle Milo) operates and to identify how it may influence marketing decisions. A PEST analysis analyses the external environment in which an organisation operates and identifies how it should influence marketing decisions.

The initials P.E.S.T stand for:

Political

Economical

Strengths

Threats

Political Factors

The actions of governments can have major effects on business and markets, including creating or reducing demand for particular products and services.

Economical Factors

Consumer spending may be controlled by

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