Executive Summary
Manufactured by Nestle, Nestle bliss was first launch in Singapore in 2006. Often, research companies do not allocate much of their resources to marketing and neglected the need to promote these products island wide. Lack of marketing would result in the loss of competitive edge among competitors and lead to a decline in sales.
This report will evaluate the current performance of nestle bliss in Singapore, subsequently provide suggestion to giving customers a affordable prices when compared to our direct competitors and to increase product awareness as well as an increase in its market share.
For a twelve months period, we will be focusing on promotional events ranging from advertisements and sponsorships to
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This formula saved the baby’s life and within a few years, it was marketed and sold in much of Europe.
Based on its policy of diversifying within the food sector to meet the needs of its consumers, Nestlé accelerated and through acquisitions and merger with companies outside companies, it has expanded and emerged as the undisputed leader in the food industry, with more than 470 factories around the world and sales of more than CHF 81 billion.
Over the years in Singapore since 1912, Nestle has earned the trust of Singaporeans for being a food manufacturer with the highest safety and quality standard over the years and Nestlé brands are household names in Singapore.
1.2 Introduction of Nestlé Bliss Yogurt Drink
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Nestlé Bliss Yogurt Drink is a refreshing and smooth blend of low-fat milk, real fruit juice and live culture. The bottled drink contains nutritional contents such as Inulin and live culture which helps improves the digestive system. Nestlé Bliss was officially launched in Singapore on 19 May 2011 with a 14-Day Nestle Nestlé challenge marketing campaign (Refer to Appendix-A, Table-1).
1.2 Mission Statement
“Nestle is dedicated to providing the best foods to people throughout their day, throughout their lives, throughout the world. With our unique experience of anticipating consumers ' needs and creating solutions, Nestle contributes
Nestle, an international recognized multinational corporation is the world’s leading nutrition, Health and Wellness Company. Nestlé’s mission of “Good Food, Good Life” aims at providing customers with the finest quality of nutritional choices within a wide range of food and beverage classifications (NESTLÉ - Vassos Eliades. (n.d.). Retrieved from http://www.vassoseliades.com/consumer-goods/nestle.html, para. 1). The merger in 1905 between Nestle and the Anglo-Swiss Milk Company created the Nestle we know today. Nestle is one of the world’s largest suppliers of food and nutritional products operating with 461 factories in 83 countries, with 328,000 employees worldwide (Fries, Lorin, Goldberg, Ray, 2012. Nestle: Agricultural Material
Nestlé’s products are categorized as business and convenience products. They different variation of products and they have a 12 product lines. Besides, they have products which are in the introduction stage, growth stage and maturity stage. Nestlé (Malaysia) Berhad are their trade name while Nestlé is their brand name. They are using mixed branding. They also provide different kind of packaging for different type of product. They are using demand-oriented, cost-oriented, profit-oriented, competition-oriented, and special adjustment approaches. Their headquarters is in Switzerland and they has 114 outlets across the world. They 7 factories in Malaysia. They are using multichannel marketing. Furthermore, they promote their products through advertising, personal selling, public relations, sales promotion and social
Nestlé is the world’s greatest multinational food and beverage company with a 149-year history. Nestlé was founded in 1866 by a German pharmacist, Henri Nestlé and began in Vevey, Switzerland in 1867. In 1874, Nestlé started to introduce their products into China through some trading activities in Hong Kong. The “Eagle sweetened
Nestle is one of the largest food and beverage company in the world. Nearly every of the world have the manufacturing facility of Nestle. Nestle can referred to the most multinational of the multinationals. Nestlé markets approximately 7,500 brands and in can organize into the few categories such as baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. (Nestlé S.A., n.d.)
Nestlé has ten principles of business operations that everything they do in their business revolve around; Nutrition Health Wellness, Quality assurance and products safety, Consumer communication, Human Rights in business activities, Leadership and personal responsibility, Supplier and customer relations, Agriculture products, Environmental sustainability, and Water. Under each of these topics is a set of things Nestlé follows such as, making it their core aim to enhance the quality of consumer’s lives every day, everywhere by offering tastier and healthier food and beverage choices and encouraging a healthy lifestyle. Another is Nestlé, promises that everywhere in the world their products are safe and of high standard.
Anglo-Swiss Condensed Milk Company in Bishop Street, Penang was the first Nestlé office. With the continuously growth and expansion, in 1939, the company built up in Kuala Lumpur as the headquarters in order to centralise nation-wide operation. Through Food Specialities (Malaya) Ltd, Nestle opened its first factory in Petaling Jaya in 1962. This factory mainly manufactures Milo powder, the famous chocolate-based beverage, culinary sauces, chilled dairy and milk powder. With the tremendously merging and cooperation within the Nestlé group and other companies such as Cold Storage Malaysia Berhad, Nutritional Products Sdn Bhd and Food Specialist Sdn Bhd. Today, there are many Nestlé products and sells over 300 Halal products in Malaysia. Brand name such as MILO®, NESCAFÉ®, MAGGI®, NESPRAY® and KIT KAT® also become famous and trusted food brand in this generation. It is proud to mention that Nestlé Malaysia is one of the strongest companies listed on the Bursa Malaysia. The honour of the company is mainly result from the operating principle, including provide quality, reliability and convenience product to the consumer, use of good quality local raw materials and at the same time protect the environment, ensure products produced are certified HALAL by authorised Islamic certification bodies and
Nestle is the world’s leading nutrition, health and wellness company. From Henri Nestlé’s humble beginnings with the first product, Farine Lactée, which revolutionized infant feeding, the company’s priorities have remained the same -about bringing high quality, safe and nutritious foods and beverages to people through all stages of life. In Nestle’s pursuit of delighting and satisfying the customers, Nestle’s products are adapted to meet local, regional taste preferences, religious and cultural sentiments and disparities in purchasing power.
Notably, one of the core strengths of Nestlé is the strong brand image they have which inspires trust in consumers. Nestlé are able to build on this reputation to extend their brand categories. Further, recent efforts to follow corporate social responsibility strategies have heightened the firms approach to sustainability, which is aligned to current expectations from the consumer market for firms to take a greater responsibility towards the wider macro environment. Moving on to a critical analysis of the weaknesses of the company, one of the core weaknesses of Nestlé is the content of some of their products, which marks a move away from healthy eating initiatives. For example, Nestlé produce a number of confectionary goods including sweets and chocolate bars. Nestlé will in the future have to work with the UK government to ensure that a clear marketing message is put across for such treats to only be enjoyed alongside a balanced diet. Overall, however, Nestlé’s strengths overshadow their weaknesses and many of the weaknesses are being tackled by strategic actions. Recognition of the firm’s opportunities and threats leads to a discussion of the value of internationalisation and in particular the opportunities present within emerging economies. Further, the development of capabilities and thus
Since then the company has continued to flourish; mergers and acquisitions, global investment and product innovation have seen Nestlé position itself as a “global leader in Nutrition, Health and Wellness” (Nestlé, 2015) and, according to Forbes (2016), it is the largest company within the food industry and the 33rd ranked company on the Global 2000 (Forbes, 2016). Whilst renowned for chocolate, it did not become a global leader on the strength of one product. Its portfolio includes, baby food, beverages, frozen food, prepared dishes and healthcare nutrition. Food and beverages in particular have been prevalent in the aggrandizement of the corporation.
Nestlé was founded in 1866 by Henri Nestlé and is today the world's biggest food and beverage company. Nestlé employed around 250,000 people from more than 70 countries and have factories or operations in almost every country in the world. The history of Nestlé began in Switzerland in 1867 when Henri Nestlé, the pharmacist, launched his product Farine Lactée Nestlé, a nutritious gruel for children. Henri used his surname, which means “little nest”, in both the company name and the logotype. The nest, which symbolizes security, family and nourishment, still plays a central role in Nestlé’s profile. Since it began over 130 years ago, Nestlé’s success with product innovations and business acquisitions
Nestle company had started off from the owner, Henri Nestle. He is a pharmacist and developed a milk food formula for infants who were unable tolerate their mother milk. This product becomes success and it obtains demand throughout Europe. As Nestle reputation grew it attract more business wanted to become partner with Nestle. The successful of the Nestle Company which allow them to expand to new region and domain throughout the world, become the world’s biggest food and Beverage Company. Nestlé’s headquarters are located in Vevey, Switzerland, but the Nestlé Company has factories or operation in almost every country in the world. Nestle was published in 1998 and it had employed 230,000 people worldwide, with $71.7 billion in sales. Nestle increased the variety of their product they offer. The Nestle business strategy is encourage product growth through innovation and renovation. This strategy allows Nestle to develop different product to fulfil their customers throughout the world.
Nestle is a Swiss company that deals with nutritional and health products, the headquarters in in the city of Vevey, Switzerland. It’s considered to be the largest food company in the world; they include products like baby good, coffee, bottled water, breakfast cereals, snacks. 29 of Nestle's brands have annual sales of over 1 billion CHF (about US$ 1.1 billion), including, Nescafe, Kit Kat, Nespresso, Smarties, Nesquik, Stouffer's, Vittel, and Maggi. Nestle has around 450 factories in 86 countries, and employs around 328,000 people all around the world.
The Nestlé history begins back to 1886, when he first man, a European condensed milk factory was opened in Cham, Switzerland, by the Anglo-Swiss Condensed Milk Company. In 1867, the founder Henri Nestlé, a German pharmacist, established new product of cow’s milk, wheat flour and sugar in Vevey, Switzerland.
Since Henri Nestlé developed the first milk food for infants in 1867, and saved the life of a neighbor’s child, the Nestlé Company has aimed to build a business as the world's leading nutrition, health and wellness company based on sound human values and principles.
Nestlé design is to offer sheltered, wonderful, helpful and nutritious nourishments to enhance wellbeing and prosperity of buyers of any age everywhere throughout the world. To address the issues and cravings of today's and tomorrow's customers, Nestlé is unequivocally dedicated to Research and Development (R&D) to enhance items and grow new sustenance’s with particular medical advantages.