MARKETING STRATEGIES OF NESTLE INDIA FOR CHOCOLATE PRODUCTS
DECLARATION
I hereby declare that the project work entitled “MARKETING STRATEGIES OF NESTLE INDIA FOR CHOCOLATE PRODUCTS” submitted by me for the partial fulfilment of the requirement of summer project. It is own original work and has not been submitted earlier either to any university or to any other Institution for the fulfilment of the requirement for any course of study.
I also declare that no content of this project, in whole or in part is lifted and incorporated in this report from any earlier / other work done by me or others.
ACKNOWLEDGEMENT
The completion of this project gives me an opportunity to convey our regards to all those who helped me to reach a stage where I have the confidence to launch my career in the competitive world of management.
I take this opportunity to express my heart felt gratitude to
Nestle India Ltd., for providing this opportunity to complete my summer training for Amity University. Their guidance made me in tune with corporate world. Their team of efficient colleagues extended full support and cooperation.
I am also thankful to my faculty guide for her valuable guidance and support at all time.
TABLE OF CONTENTS
INTRODUCTION
LITERATURE REVIEW AND PROBLEM FORMUALTION
COMPANY PROFILE
• Industrial Scenario
• Historical Highlights
• Major Products
• Marketing Strategies
• Distribution network
• Brand Loyalty
• Market
The marketing strategy of Haigh’s chocolate has been identified through detailed analysis of the external and the internal environment of the present market conditions and development of the Haigh’s. There has been complete detailed SWOT analysis of the company on the basis of research conducted from several secondary sources. It has been conducted in order to determine the important strategies and the key strengths of the company. Talking about the chocolate sector which has been further segmented into several categories in which Haigh holds the important position and have captures the major chunk of the market. Such markets range from chocolate blocks, bars and other diet varieties like gluten and eggless products. The demand in the chocolate market is also divided on the basis of the geographic location markets like that in Sydney, Melbourne and Adelaide chocolate markets. Other factors affecting demand in the market includes demographic, behavioural and psychographic segmentation.
Its value is that they will be caring and considerate of their employees, customers, suppliers, shareholders, the community and the environment by showing respect to each other and valuing diversity, working together to achieve a safe, friendly and positive working environment, setting clear expectations, recognising contribution and developing their people, leading by example and taking responsibility for their actions, communicating clearly, inclusively, honestly and in a timely manner, having pride in their product and passion for the business, its heritage and its future and contributing to the community through corporate benevolence and environmentally sustainable practices (Haigh's Chocolates).
You will also read about the Company’s advertising strategy and how this approach will bring into line the Company’s marketing goals. It will be determined how effectively the advertising will be measured and how the different promotional strategies relevant to the Company advertising will be utilized. Further discussion will establish the best marketing research approach used to measure customer satisfaction with the Company’s product (cassava powder) and training service initiated to train farmer in implementing large-scale farming. It will be explained how gaps in customer expectations and experiences will be addressed by the marketing wing of the Company, using the high knowledge and proficiency of experienced and well-schooled people in marketing management.
Once again, thank you so much for the continuous and unrelenting support you have been imparted as my mentor and colleagues.
I cannot thank you enough for all the opportunities and experiences you have provided me during my time with the company.
Furthermore, I have noticed/admired your (above average) active listening skills that you have demonstrated throughout the semester. For example, when a student would ask a question and could not fully complete their thought or idea, you would always step in and smoothly articulate their story and connect it to a real life situation or social work field related – and for that, I am thankful for having a professor that is detail oriented and caring.
I would also like to express gratitude for the teachers, leaders, and faculty as well. They have all been so caring and generous with their time and so I thank you for taking the time to read this,
I would also like to thank you, and every member of the Board of Trustees and leadership for providing me the opportunity to showcase my talent, strengthen my professional development, and to increase my efficiency in weaker areas.
I thank Ms. IS for teaching I that I was artistic; I thank Nathan Robinson for teaching me how to go into a job interview and how to lay masonry along with being kind; I thank all my ag teachers for teaching me their traits, skills, and knowledge; I thank Ms. Danidio for teaching me a language, I didn’t know; and I thank all of my core class teachers for teaching me the basics building blocks to
I would like to acknowledge and give thanks to the people who have helped me in the preparation
Marketing plays the most important role for the success of a business. In this chapter, the business’ marketing objectives are laid out together with the plans or actions that will be needed to achieve these objectives. Furthermore, this chapter includes the profile of the respondents which aided the researchers to create this part of the feasibility study.
Before spending an additional $3,000 on an advertising campaign Marilyn Lysohir needs to strategically consider how to reach her goal of becoming a profitable company by analyzing consumer perceptions, pricing strategies, identifying and gaining access to effective distribution channels and efficient use of its Web site.
Opening a facility in Kentucky allows the company to ship their products to the Scharffen Berger retail stores located in New York City (Upper West Side and Greenwich Village), and other upscale department and retailers, such as Trader Joes, located throughout the United States. This will save transit time and freight costs substantially[2] .as compared to shipping directly from California to the stores. In a cost comparison researched showed that there was a delta of $4,167.43 when shipping from the West Coast facility to New York compared to shipping from the East Coast facility to New York. This opportunity to reduce transit time can ensure the integrity of the chocolate to conceal the freshness. With a new
After a thorough analysis of Apollo Foods business situation, a decision plan regarding the launch of a new chocolate product for its new branch acquisition Montreaux Chocolate USA has become clear. This decision plan is based on the following key challenges and marketing issues that need to be addressed. These challenges and marketing issues can be best summed up by a decision on what brand the product will be home to, whom the product will be marketed to, the ingredients and formulation of the product, the packaging of the product, can the product perform well enough in a sales forecast plan to exceed a $30 million dollar hurdle rate, and finally to launch or to test market the product. After reviewing Apollo Food’s data, their market research findings, and sales forecasts. A decision plan that addresses all of the key issues and marketing points has been created and will be
I would also like to thank all those people who directly or indirectly helped us in accomplishing this project.