Professional Documents
Culture Documents
Marketing Project Final
Marketing Project Final
We dedicate this project to our beloved parents and our teacher MAM, A!WA" #A$M%. "heir love, guidance, and prayers always accompanied us in all our tas&s. What ever we are today is just because of them. All of our achievements are belong to them.
Page | 1
ACHIEVERS
ACKNOWLEDGEMENT
'irst and foremost than&s to Almighty ALLAH, who has bestowed us with wisdom and for giving us strength to ma&e this report complete. "hen we than&s to our best MAM. A!WA" #A$M% for guiding us, because without her support, s&ills, and guidance this report would not be completed. 'inally we are than&ful to our all group members for coordination and group wor&.
Page | 2
ACHIEVERS
EXECUTIVE SUMMARY
NESCREAM is a Nestls new product entrant in t e !ar"et and launc ing #or t e $er% #irst ti!e in Pa"istan& in August' (espite t e !a)or co!petitors in t e !ar"et& we are a*le to co!pete *ecause people are well aware o# NES+,Es product t e% "now NES+,E pro$ides t e *est in dair% product& wit $alue added #la$ors at a $alue added price' -ur !ain target will *e t e ousewi$es& otels& and restaurants *ecause t e% are t e one w o can use our product in !ore .uantit%' -ur $ision and strategic #ocus is to adding $alue to our target custo!ers'
Page | /
ACHIEVERS
INTRODUCTION
ABOUT NESTLE:
Nestl as *een ser$ing Pa"istani consu!ers since 1011& w en our parent co!pan%& t e Swit2erland3*ased Nestl SA& #irst ac.uired a s are in Mil"pa" ,td' +oda% we are #ull% integrated in Pa"istani li#e& and are recogni2ed as producers o# sa#e& nutritious and tast% #ood& and leaders in de$eloping and upli#ting t e co!!unities in w ic we operate' 4e at Nestl Pa"istan ensure t at our products are !ade a$aila*le to consu!ers w ere$er in t e countr% t e% !ig t *e' Con$enience is at t e eart o# t e Nestl p ilosop %& and our ai! is to *ring products to people5s doorsteps'
Page | :
ACHIEVERS
+ e !ission state!ent represents t e policies o# t e co!pan%' 9t s ows t at t e *asic ai! o# t e co!pan% is to !a;i!i2e t e s are olders wealt ' 9t ai!s to i!pro$e t e .ualit% and taste o# NESCREAM' 4e will !a"e sure t at our custo!ers get w at t e% need and desire wit !a;i!u! e##icienc% and relia*ilit%' 4e will assure our custo!ers t at we will *e t ere w en t e% need us'
BAC'(ROUN):
Nestl Co!pan% ad started o## #ro! a single !an5s idea& and de$eloped into a giant corporation' 9n 11<< 8enri Nestl& a p ar!acist& de$eloped a !il" #ood #or!ula #or in#ants w o were una*le to tolerate t eir !ot er !il" =Nestle'co!>' 8is product *eca!e a success& and it created a de!and t roug out Europe' As Nestls popularit% grew !ore *usinesses wanted to !erge and *eco!e partners wit 8enri Nestl5s *usiness' 7ro! 11<< to 10:? t e Nestl Co!pan% ad gone t roug se$eral na!e c anges' 9n 10@A& Anglo3Swiss Condensed Mil" Co' and 7AR9NE ,AC+EE 8enri Nestl !erged& and t e co!pan%s na!e *eca!e Nestl B Anglo3Swiss Condensed Mil" Co' + en in 1020& Peter3Caller3Co ler C ocolates Suisse S'A' Page | A ACHIEVERS
!erged wit t e co!pan%' + e na!e was t en c anged to Nestl B Anglo3Swiss 8olding Co' ,td& on No$e!*er 2?& 10/<' 9n (ece!*er 10:?& Co' ac.uired all t e s ares capital o# t e A,9MEN+ANA S'A' Co!pan% in e;c ange #or #i#teen Nestl s ares and #i#teen DN9,AC s ares #or eac o# A,9MEN+ANA S'A' s are& so t is point t e na!e was at Nestl A,9MEN+ANA S'A' And t en #inall%& t e last na!e c ange t at t e co!pan% would endure was in 10??& w ere it adopted t e na!e Nestl SA =MER6EN+ -nline>' Along t e wa% Nestls co!pan% re!ain success#ul& w ic allowed t e! e;pand to new region and territories t roug out t e world& !a"ing t e! t e worlds *iggest #ood and *e$erage co!pan%' Nestls ead.uarters are located in EEEEF& Swit2erland& *ut t e Nestl Co!pan% as #actories or operation in al!ost e$er countr% in t e world' Since t e Nestl case was pu*lis ed in 1001& it stated t at Nestl ad e!plo%ed 2/@&@@@ people worldwide& wit G?1'? *illion in sales =Rodgers& 2@@@>' Now !o$ing #orward to 2@@/& Nestl as increased t e a!ount o# e!plo%ees to 2A/&@@@ people& wit G11 *illion in sales =Nestle'co!>' Nestl is increasing t e si2e o# t eir co!pan% %ear *% %ear' 9n addition& to t e increase in t e si2e o# t e Nestl Co!pan%H Nestl also as increased t e $ariet% in t e di##erent products t e% o##er' 9n Nestls *usiness strateg% t e% encourage product growt t roug inno$ation and reno$ation =Nestle'co!>' + is strateg% as allowed Nestl to de$elop !an% di##erent products in t e $arious #ieldsI *a*% #oods& dair% products& *rea"#ast cereals& ice crea!s& c ocolates and con#ectioner%& prepared #oods& *e$erages& #ood ser$ices& *ottled water& and pet care'
EXTERNAL ANALYSIS:
(uring e;ternal anal%sis& #ir! !ostl% considers t e custo!er anal%sis o# t e !ar"et' Nestl is one o# t e largest and !ost success#ul #ood co!panies in t e world' 9t as success#ull% introduced !an% new products into !an% di##erent seg!ents o# t e #ood and *e$erage industr% and pro$ed in satis#%ing di##erent needs o# custo!ers' + ere#ore it as ta"en step #orward to *ring inno$ati$e c ange in dair% industr% *% introducing #la$ored crea! in PAC9S+ANs *ig !ar"et in account to *asicall% capture t e ig inco!e and ig status !ar"et o# Pa"istan and to satis#% consu!ers needs and wants' -ur e;ternal anal%sis s ows t at t e concept o# #la$ored crea! is not %et introduced and its great an opportunit% #or NES+,E to capture t e !ar"et' Currentl% t ere are no direct co!petitors in t e !ar"et *ut our indirect co!petitors are e;pected to *e all well "nown co!panies li"e 6--(M9,C& -,PERS& etc'
Page | <
ACHIEVERS
C"i , E- !uti.
)ir !tor
)ir !tor
)ir !tor
)ir !tor
)ir !tor
ACHIEVERS
MAR'ET SUMMARY:
Nestle Pa"istan ,i!ited =Nestle Pa"istan> is a su*sidiar% o# Nestle S'A' *ased in Swit2erland' Nestle Pa"istan is principall% engaged in t e !anu#acture& processing and sale o# #ood and *e$erage products w ic include !il"& %ogurt& g ee& crea!& co##ee& )uices& instant drin"s and *ottled water' + e co!pan% also !anu#actures in#ant cereals& *rea"#ast cereals& prepared !eals& c ocolates& con#ectioner% and culinar% products' + e co!pan% !ar"ets its products under international *rand na!es t at include Nesca#e& Maggi& Cerelac& Mil"%*ar& Cit Cat& Jar3-ne& Mil"!aid& and Pure ,i#e' + e co!pan% wit t ree !anu#acturing #acilities operates all o$er Pa"istan' 6lo*al Mar"ets (irects Nestle Pa"istan ,i!ited' 9t as 1@K s are in t e !ar"et o# dair% products and "nown #or *est #ood pro$ider'
Page | 1
ACHIEVERS
S1OT ANANLYSIS:
S1OT anal%sis is a tool #or auditing an organi2ation and its en$iron!ent' 9t is t e #irst stage o# planning and elps !ar"eters to #ocus on "e% issues' S,OT stands #or str ngt"s2 3 a0n ss s2 opportuniti s2 and t"r ats% Strengt s and wea"nesses are int rna# #actors' -pportunities and t reats are -t rna# #actors'
STREN(T*S:
9t includes internal capa*ilities& resources and positi$e situational #actors t at !a% p t e co!pan% to ser$e its custo!ers and ac ie$e its o*)ecti$es' Co!pan%s reputation& as nestle is well "nown co!pan% *ecause o# w ic custo!ers *u% it wit out esitation' NESCREAM is pure and *est in .ualit%' ,ow entr% *arriers' Made #ro! original and natural #la$ors' 9ts price is also #easi*le' + e product as *een launc ed a#ter a t oroug e;plorator% researc and is pro$ed *% 9S-' A$aila*ilit% in di##erent si2es and #la$ors' Al!ost no co!petitors' +etra pac"aging'
1EA'NESS:
9t includes internal li!itations and negati$e situational #actors t at !a% inter#are wit t e co!pan%s per#or!ance' NESCREAM as *een launc ed on s!aller scale li"e Pa"istans onl% !a)or cities =9sla!a*ad& Carac i& ,a ore& Rawalpindi& etc>' No direct !ar"eting e;perience' 9ts not good #or eart patients' 9ts pro!otion and positioning is $er% di##icult'
O44ORTUNITIES:
+ ese are #a$ora*le #actors or trends in t e e;ternal en$iron!ent t at t e co!pan% !a% *e a*le to e;ploit to its ad$antage' Page | 0
ACHIEVERS
Currentl% t ere is no #la$ored crea! in t e !ar"et& its great opportunit% to capture t e !ar"et' 9ncreasing de!and' 6rowing trend o# using read%!ade products' 9n toda%s ealt conscious societ%& we are introducing ealt *ase product' Pro#it !argin will *e good'
T*REATS:
+ ese are un#a$ora*le e;ternal #actors or trends t at !a% present c allenges to per#or!ance' Entr% o# upco!ing ri$als' C ange in go$ern!ent policies suc as ta;es& rules& etc' 7ailure o# product is possi*le i# people dont *u% it' C ange in consu!ers de!and' C anging tec nolog%' 9ncrease in rate o# inputs' CONCLUSION O& S1OT ANALYSIS: + e strengt s and opportunities o# NESCREAM outweig t e wea"nesses and t reats t ere#ore t e NESCREAM as a long wa% to go supported *% e;tensi$e pro!otion and ad$ertising to create de!and and position'
STRATE(IC 4LANNIN(:
+ e process o# de$eloping and !aintain a strategic #it *etween t e organi2ations goals and capa*ilities and its c anging !ar"eting opportunities' Jeing #a!iliar wit t e strategic planning concept we a$e introduced a new product na!ed NESCREAM' 9ts a !il"% crea! wit di##erent #la$ors' 9ts an opportunit% #or NES+,E to launc t is product as t ere is no ot er #la$ored crea! in t e !ar"et and people want so!et ing li"e NESCREAM so t at t e% dont a$e to *u% t eir desired #la$ors taste and crea! di##erentl%' 4e are a$ailing t is opportunit% so t at to !aintain a strategic #it *etween t e NES+,Es goals and capa*ilities and its c anging !ar"et opportunities'
Mission Stat m nt
Page | 1@
ACHIEVERS
OBJECTIVES OF NESTLE:
Mar"eting o*)ecti$es are co!pati*le wit t e o$erall corporate o*)ecti$es o# nestle' Co!pan%s o*)ecti$e is to *e t e worlds largest and *est *randed #ood !anu#acturer w ile insuring t at nestle na!e is s%non%!ous wit t e products o# t e ig est .ualit%' 9ts c ie# o*)ecti$es areI L to ac ie$e co!pati*ilit% wit international $oluntar% standards on en$iron!ental !anage!ent s%ste!s' L +o *uild !utual trust wit consu!ers& go$ern!ental aut orities and *usiness partners' L +o ensure continuous i!pro$e!ent o# nestles en$iron!ental per#or!ance' L Conser$ation o# natural resources and !ini!i2ation o# waste' L +otal co!pliance wit t e laws' L +o esta*lis t e *enc !ar" #or good *usiness practice' L E!plo%ing new tec nologies and processing' L J% co!!itting to resources& *ot u!an and #inancial' L Measuring t e cost and *ene#its to *usiness o# its acti$ities'
&INANCIAL OB6ECTIVES:
+o ac ie$e and o$er all pro#it o# /AK o# total capital in #irst %ear' Sales 9ncrease 2A K per %ear
Page | 11
ACHIEVERS
NESTLE BUSINESS 4ORT&OLIO: Nestle pro$ides a large nu!*er o# products under #ollowing eadsI
Bab+ ,ood:
CERE,AC PREPARE( MEA,S 2(M9ND+E N--(,ES P-,-
B . rag s:
NESCA7E M9,MD9CE 9NS+AN+ (R9NCS AEA
Page | 12
ACHIEVERS
Br a0 ,ast ! r a#s:
NESTL7 CORN&LA'ES NESTL7 'O'OCRUNC*
Bott# d 3at r:
NESTL PURE LIFE
Page | 1/
ACHIEVERS
E;ternal sources 7or Nescrea!& we can use internal sources in w ic co!pan% can #ind new ideas t roug #or!al researc ' Co!pan% can select ideas o# its e!plo%ees& e;ecuti$es& !anu#acturing sta## and sales people' 4e eld a #or!al !eeting o# eig t group !e!*ers in w ic e$er% one can gi$e !an% ideas #or de$eloping new product'
:% Id a S!r ning:
9dea screening is a #irst idea reducing idea stage in w ic screening new product idea in order to spot good ideas and drop poor ones as son as possi*le' + ose ideas w ic are generating in idea generation are salad& diet c ocolate& " eer and #la$or crea!' 7ro! t ese ideas we are selected onl% one ides i'e' #la$or crea! *ecause it will gi$e *ene#it to t e custo!ers o# target !ar"et and it is also !atc wit t e co!pan%s goals and o*)ecti$es' Nestle as s"ill people and resources #or producing Nescrea! as it as alread% producing Nestle !il"pa" crea!' 9t also deli$ers !ore $alue to custo!ers as it as no co!petitor' Nescrea! #ocus t e !ar"et o# !a)or cities and t e price is set according to t e si2e o# pac"age =e'g' 1@@!l 3 Rs 2A>
Nestls tas" to de$elop t is new product into alternati$e product concepts& #ind out ow attracti$e eac concept is to custo!ers and c oose t e *est one' 4e !ig t create t e #ollowing product concepts #or Nescrea!'
A !oderatel% priced product as it is used in our dail% li#e' An ine;pensi$e product s ould appeal ealt conscious people'
ACHIEVERS
Concept testing is testing new product concepts& wit a group o# target consu!ers to #ind out i# t e concepts a$e strong consu!er appeal' + e concept !a% *e presented to consu!ers s%!*olicall% or p %sicall%'
4e did our concept testing *% using .uestionnaires to #ind out t at our product will a$e strong custo!er appeal or not'
=% Busin ss Ana#+sis:
9n t is step& t e process *eco!e $er% dependent on !ar"et researc as e##orts is !ade to anal%2e t e $ia*ilit% o# t e product idea' 9t is re$iew o# sales& costs& and pro#it pro)ection #or new product' Cost on 1@@!l will *e Rs 2@& 2@@!l will *e Rs /A& and A@@!l will *e Rs 1A' Nescrea! ai!s to capture 1@@K !ar"et s are as Nestle !il"pa" crea! alread% a$e 1@K !ar"et s ares' 9# t e product will #it wit co!pan%s o*)ecti$es t en it will !o$e to Product de$elop!ent'
?% T st Mar0 ting:
Page | 1A
ACHIEVERS
+est !ar"eting is a stage in w ic product and !ar"eting progra!s are testing in !ore realistic !ar"et setting' 4e use Standard T st Mar0 ts #or our product in w ic we select so!e !a)or cities =9sla!a*ad& ,a ore& and Carac i> #or testing' + en conducts a #ull !ar"eting ca!paign in t ese cities and #ind ot er !easures to gauge product per#or!ance' + e results are used in disco$er potential product pro*le!s and #ine tune t e !ar"eting progra!'
@% Comm r!ia#iAation:
9n t is step introduce a new product into !ar"et' 9t as two partsI i% Introdu!tion timing 4e will introduce our product into t e !ar"et in su!!er 2@1@' ii% 1" r to #aun!" n 3 produ!t: 4e will launc our product in !a)ors cities o# Pa"istan li"e Carac i& ,a ore and 9sla!a*ad'
According to J-S+-N C-NSD,+9N6 6R-DP =JC6>& NESCREAM lies in t e .uestion !ar" categor% *ecause at initial stages t e growt rate o# NESCREAM is $er% slow as t e product is o##ered on a s!all scale' 9t as low growt s are *usiness in ig growt !ar"et' Page | 1<
ACHIEVERS
As nestle as t e largest !ar"et s are and it is introducing a new product NESCREAM to capture t ose custo!ers w o want crea! in di##erent #la$ors #or eas% use& t ere#ore it will use 4rodu!t ) . #opm nt Strat g+%
MAR'ETIN( STRATE(Y:
+ e !ar"eting logic *% w ic t e *usiness unit opes to ac ie$e its !ar"eting o*)ecti$es' Nestle as di##erentiated itsel# *% pro$iding t e *est .ualit%& relia*le products to its consu!ers' + ere#ore now it is introducing NESCREAM in -der to di##erentiate #ro! usual dair% crea! *% satis#%ing t e needs and wants o# otels& restaurants& *a"ers and o!e users' 4e will a$e to di##erentiate our sel# in ter!s !ar"eting !i; =price& place& pro!otion& product>' Currentl% we are introducing our product NESCREAM in a s!all scale t ere#ore we will use #ollowing strategiesI 4e will in$est on pro!otional strategies to aware people o# our product' 4e will o##er t e price w ic is a##orda*le 9nitiall% we will launc NESCREAM in t ree di##erent #la$ors i'e' !ango& c ocolate& and straw*err%' 4e will o##er s!all pac"s o# NESCREAM as sa!ple' Page | 1?
ACHIEVERS
MAR'ET SE(MENTATION:
Mar"et seg!entation is process o# di$iding t e !ar"et into distinct groups wit distinct needs& c aracteristics or *e a$ior w o !ig t re.uire separate products or !ar"eting progra!s' E$aluation o# !ar"et attracti$eness and selecting t e !ost potential one is our "e% criteria' Mar"et seg!entation #or our new product will *e as #ollowI
(EO(RA4*IC SE(MENTATION:
(i$iding a !ar"et into di##erent geograp ical units' -ur geograp ical seg!entation will *eI 1or#d r gion Countr+ r gion Cit+ Sout Asia Pa"istan 9sla!a*ad3 Rawalpindi& Carac i& ,a ore& 7A9SA,AJA( Page | 11
ACHIEVERS
C#imat
)EMO(RA4*IC SE(MENTATION:
(i$iding A Mar"et 9nto 6roups *ased -n Earia*les Suc As Age & gender& #a!il%'etc -ur geograp ic seg!entation will *eI A(E (AN)ER &AIMLY SI8E &ami#+ #i, B!+!# In!om O!!upation Nationa#it+ R #igion 7or all ages Male N 7e!ale A,, A,, a*o$e Rs 1@@@@ ANF ANF ANF
(i$iding a !ar"et into groups *ased on consu!er "nowledge& attitude& etc -ur *e a$ioral seg!entation will *eI
Regular and special occasions Purit%& taste& ealt & a##orda*le 7irst ti!e users Aware 9ndi##erent
TARGET MARKET:
Page | 10
ACHIEVERS
4e cannot sur$i$e *% )ust waiting si!pl% #or t e costu!er to co!e to us' 4e s ould *e e##icient and acti$e enoug to pro$ide our product to custo!ers w ere e$er t e% are' 4e !ust get *etter at attracting speci#ic !ar"et seg!ents w ose needs !atc w at we a$e to o##er' 7ocusing on t e target !ar"et is t e "e% to our #uture' + ere#ore a#ter seg!entation& t e NESCREAM a$e e$aluated t e relati$e i!portance o# eac seg!ent and it as t en decided to #ollow t e strateg% o# undi##erentiated !ar"et'
4OSITIONIN(
+ e wa% t e product is de#ined *% t e consu!ers on i!portant attri*utes3 t e place t e product occupies in t e consu!ers !inds relati$e to co!peting products 9t includesI 4ositioning o, produ!t CNESCREAMD 4ositioning map C"oosing a )i,, r ntiation and 4ositioning Strat g+ Id nti,+ing a s t o, possib# .a#u di,, r n! s and !omp titi. ad.antag s
4e can portra% t e i!age in t e consu!ers !ind t roug Pricing& w ic s ould *e set little !ore& *ecause *u%ers in Pa"istan are dou*t#ul a*out t e lower prices' -ur product s ould *e easil% and readil% a$aila*le in all t ose places w ere consu!ers can *u% NESCREAM' -ur pro!otional ca!paign will support our positioning strateg%'
4ositioning map:
Nestle pro$ed itsel# in t e !ar"et as a pure and natural products pro$iders w ic is good #or ealt % li#e wit a good taste' Nestle alwa%s distinguis itsel# on t e na!e o# purit% as #ollowing t e sa!e !ap NESCREAM also *e percei$ed as pure and %gienic product& wit t ree di##erent #la$ors' Currentl% t ere no #la$ored crea! in t e !ar"et and people are using si!ple crea! to !a"e desserts& s a"es etc' people are using crea! wit #la$ored essence separatel% so t is ti!e NES+,E is going to !erge t e two concepts and !ade NESCREAM wit t e tre!endous taste'
!ustom r .a#u
+o *uild pro#ita*le relations ips wit t e target custo!ers& !ar"eters !ust understand custo!er needs *etter t an co!petitors do and deli$er !ore custo!ers $alue' NES+,E identi#ied t e possi*le $alue di##erences and co!petiti$e ad$antage o# NESCREAM i'e' 7la$ored crea! w ic no suc co!pan% as introduced *e#ore in Pa"istan' NES+,E pro$ed *est in pro$iding .ualit% #oods and it as a good i!age in consu!ers !ind w ic is a co!petiti$e ad$antage' NESCREAM di##erentiate itsel# as relia*le product in t e !ar"et'
ACHIEVERS
An ad$antage o$er co!petitors gained *% o##ering consu!ers greater $alue& eit er t roug lower prices or *% pro$iding !ore *ene#its t at )usti#% ig er prices' NESCREAM is uni.ue in t e !ar"et as it in$ol$es t e taste o# t ree di##erent #la$ors'
Important:
9t will deli$er a ig l% $alued *ene#it to target custo!ers and #ul#ill t eir wants and needs'
)istin!ti. :
As t ere is no ot er #la$ored crea! in t e !ar"et so t is !a"es t e product distincti$e'
Communi!ab# :
+ e di##erence is co!!unica*le and $isi*le to *u%ers and t e target custo!ers would attract towards t e product'
A,,ordab# :
Ju%ers can a##ord to pa% #or t e di##erence as t e prices are according to t e current !ar"et situation w ic is low and a##orda*le'
4ro,itab# :
9t can generate ig pro#it #or co!pan%'
-ur o$erall positioning strateg% is !ore #or less' As it is a dail% use ite! and will *e used *% all age groups' So it s ould *e c eap' + ere#ore we a$e selected !ore #or less positioning strateg%' Page | 22
ACHIEVERS
And we adopt t is positioning strateg% to ser$e t e needs and wants o# our target !ar"et'
ACHIEVERS
Marketing mix:
+ e set o# controlla*le tactical !ar"eta*le tools 4rodu!t2 4ri! 2 4#a! and 4romotion t at t e #ir! *lends to produce t e response it want sin t e target !ar"et' As we a$e decided our !ar"eting strateg%& now we will plan t e details o# !ar"eting !i; one *% one
PRODUCT:
Pro&u(t #ame:
ENESCREAM$
Pro&u(t slo$a#:
ECr am up Your Li, $
Pro&u(t lo$o:
A"out NESCREAM:
NESCREAM indicates its a dair% product' +oda% in co!peting !ar"et !an% co!panies o##ers di##erent dair% products li"e crea!' As NESTLE as alread% launc ed dair% crea! na!ed ENESTLE MIL'4A' CREAM$% Jut in order to gain !ore !ar"et s are and to co!pete NESTLE see" t e opportunit% and is now launc ing crea! in di##erent #la$ors under t e na!e NESCREAM w ic is !anu#actured #or satis#%ing consu!ers wants and needs #or di##erent #la$ors in crea! w ic can *e directl% consu!e or use in !a"e s a"es& s!oot ies& desserts etc'
L . #s o, produ!t:
Page | 2:
ACHIEVERS
At !or b n ,its we see t at consu!ers *u% crea! #or !a"ing g ca"e& s!oot ies& desserts& s a"es etc along wit #la$or essence li"e !ango& c ocolate& and straw*err%& to add in crea! #or t eir desired taste' NES+,E grasp t is opportunit% and decide to launc #la$ored crea! At second le$el core *ene#its are con$erted into a!tua# produ!t and de$elop product .ualit%& color& st%le& #eatures& and *randing and we did it *eauti#ull%' + ird le$el is augm nt d produ!t w ic intangi*le e'g' warrant%& deli$er%& ser$ices etc' at t is le$el we our decided to return !one% i# our product .ualit% decrease or e;pire *e#ore e;pir% date'
VARIETY:
Page | 2A
ACHIEVERS
+ ree #la$ors are o##ered c ocolate& straw*err%& !ango' FUALITY: Product .ualit% is one o# t e !a)or positioning tools *ecause it is closel% lin"ed to custo!er satis#action and $alue' As its co!pan% o*)ecti$e to pro$ide t e *est .ualit% product t ere#ore we a$e to "eep in $iew t at .ualit% will *e t e *est as custo!ers are !ore conscious a*out #ood products .ualit%' And its a*out co!pan%s i!age' )ESI(N: 6ood design *egins wit a deep understand o# custo!er needs' Product designers s ould t in" !ore a*out ow custo!ers will get *ene#it #ro! it and use it and ow it will elp in attracting custo!ers' NESCREAM will *e a$aila*le in tetra pac"aging wit cap' So t at t e products .ualit% will re!ain sa!e and custo!er #eel co!#orta*le in using it' STYLE: Anot er wa% to add custo!er $alue is t roug distincti$e product st%le' St%le si!pl% descri*es t e appearance o# product w ic s ould *e e%e catc ing' So t at it will attract !ore custo!ers' + ats w % NESCREAM will *e in tetra pac" wit a cap& and its color sc e!e will indicate t e #la$or itsel# so t at its sensational loo" attracts !ore custo!ers' &EATURES: Products #eatures act as co!petiti$e tool #or di##erentiating co!pan%s product wit co!petitors product' NESCREAM as great #eatures li"e it is in t ree di##erent #la$ors =c ocolate& !ango& straw*err%> in order to attract custo!ers and co!pete in t e !ar"et' BRAN) NAME: NESCREAM is launc ed under t e *rand na!e NES+,E M9,CPAC CREAM' 4AC'A(IN(:
4a!0aging is t e science& art and tec nolog% o# enclosing or protecting products #or distri*ution& storage& sale& and use' Poorl% designed pac"aging can cause eadac e #or custo!ers and loss in !ar"et s ares' -ur product will *e in tetra pac"aging wit cap t at will protect it #ro! ger!s and it will *e in di##erent si2es li"e 1@@!l& 2@@!l& and A@@!l'
PRICE:
Page | 2<
ACHIEVERS
Pricing strategies usuall% c ange as product passes t roug its li#e c%cle' As our product NESCREAM is at its introductor% stage and its c allenging to set a #air price' +wo *road pricing strategiesI Mar0 t s0imming pri!ing Mar0 t p n tration pri!ing 7ro! t ese two strategies we will use !ar"et penetration pricing strateg%' At start we will set low prices so t at we can gain !ore !ar"et s are' A#ter ac ie$ing t e tas" o# gaining !ar"eting s are we will increase our prices' J% doing so NESCEAM can ac ie$e #ollowing *ene#itsI Currentl% t ere is ig in#lation rate in Pa"istanH *% setting low prices we can produce !ore !ar"et growt ' 9t creates cost reduction and cost control pressure #ro! t e start as sales $olu!e increases and lead to greater e##icienc%' ,ow pricing act as a *arrier #or co!petitors to enter !ar"et'
ACHIEVERS
A ,un!tiona# dis!ount =also called a trade discount> is o##ered *% t e seller to trade c annel !e!*ers w o per#or! certain #unctions& suc as selling& storing& and record "eeping' 4e *elie$e t at *% pro$iding discount or incenti$es to t e! we can !a"e t e! sincere and lo%al so t at t e% can place our product in !ar"et e##icientl%'
S gm nt d 4ri!ing
9n seg!ented pricing& t e co!pan% sells a product or ser$ice at two or !ore prices& e$en t oug t e di##erence in prices is not *ased on di##erences in costs' As we are launc ing our product in Pa"istans !a)or cities at t e !o!ent& t ere#ore we dont use t is pricing strateg% and will set sa!e prices' Jut in #uture *% !o$ing in ot er coutries we will set t e prices according to t e countr%'
4s+!"o#ogi!a# 4ri!ing
9n using ps%c ological pricing& sellers consider t e ps%c olog% o# prices and not si!pl% t e econo!ics' As people are well aware o# NES+,E& t ere#ore t e% will pa% an% price *ecause its a #ood ite! and t e% dont want to co!pro!ise on it' As prices sa% so!et ing a*out t e product& our product price is $er% attracti$e #or !iddle and upper class w ic can !a"e a good i!age o# our product in !ar"et'
4romotiona# 4ri!ing
9n pro!otional pricing strateg% Co!panies will te!poraril% price t eir products *elow list price and so!eti!es e$en *elow cost in order to increase t ere s ort run sales' People !ainl% use our product occasionall%H t ere#ore we can appl% t is strateg% on occasions o# E9(& C rist!as etc
( ograp"i!a# 4ri!ing
Ad)usting prices to account #or t e geograp ic location o# custo!ers 9n order to attract !ore custo!ers we #irstl% need to appl% t e uni#or!3 deli$ered pricing strateg% in w ic our co!pan% will c arge price plus #reig t to all t e custo!ers regardless o# Page | 21
ACHIEVERS
t eir location *ecause we want our custo!ers to *elie$e t at t e% are $alua*le to us and we care #or t e!' + en we will appl% #reig t3 a*sorption pricing strateg% in w ic t e co!pan% a*sor*s all or part o# t e #reig t c arges'
)+nami! 4ri!ing
Ad)usting prices continuall% to !eet t e c aracteristics and needs o# an indi$idual custo!ers and situation 4e will conduct sur$e%s a#ter < !ont s to see w et er t e custo!er is in #a$or or willing to pa% t e set price' 4e will c ange t e prices on t e *asis o# custo!er satis#action and dissatis#action *ecause we want our custo!ers to *elie$e t at t e% are $alua*le to us and we care #or t e!'
4ri! C"ang s
A#ter de$eloping t e pricing structure and strategies co!panies o#ten #ace situations in w ic t e% !ust initiate price c anges or respond to price c anges *% t e co!petitors' 9nitiating price cuts 9nitiating Price 9ncreases Ju%ers reactions to price c anges Co!petitors reaction to price c anges Responding to price c anges
ACHIEVERS
Se$eral situations !a% lead #ir! to considering cutting its prices w ic are as #ollowI E;cess o# capacit%' 7alling de!and in t e #ace o# strong price co!petition' 9# suc cases arises t an we will cut our prices to *oost sales and s are' At t e !o!ent our prices are low and #air and we can co!pete and attract custo!ers t roug it as t ere is no co!petitor #or our #la$ored crea! =NESCREAM>'
4RO4OSE) 4RICE:
4e o##er a $ariet% o# pac"aging #or t e #easi*ilit% o# users' Page | /@
ACHIEVERS
1@@!l priced #or Rs'2A =7or 9ndi$idual Dse> 2@@!l priced #or Rs':A =7or 7a!il% Dse> A@@!l priced #or Rs'11@=7or ,arge Scale Dse>
PLACE:
Page | /1
ACHIEVERS
Place includes co!pan% acti$ities t at !a"e t e product a$aila*le to target custo!ers so t at t e custo!er #eel at ease' As our o*)ect is capture !ore !ar"et s ares #or t is we a$e to capture !ore custo!ers *% gi$ing !a;i!u! satis#action' 7or t is purpose we will #ollow t e #ollowing "e% aspects o# placing a product in !ar"etI C annels Co$erage Assort!ents ,ocations +ransportation ,ogistics
C*ANNELS:
4e design our distri*ution c annel in suc a wa% t at it !a"es our products a$aila*le to custo!ers in di##erent !ar"ets'
7irst we will sell our product to w olesaler w o t en sales our product to t ose w o *u% it #or resale or *usiness purpose and is trans#erred to t e retailers w o are in$ol$ed in selling goods directl% to t e consu!er #or personnel use'
CONTROL ON )ISTRIBUTION:
Page | /2
ACHIEVERS
+ e control on distri*ution c annel is i!portant *ecause success o# indi$idual c annel !e!*ers depends on o$erall success& t ere#ore all c annel #ir!s s ould wor" toget er s!oot l%'
ACHIEVERS
RES4ONSIBILITIES O& C*ANNELS: 9t s ould *e t e responsi*ilit% o# eac and e$er% c annel !e!*er to agree upon price policies& conditions o# sale& territorial rig ts and speci#ic ser$ices to *e per#or!ed *% eac part%' 7or t is purpose we a$e esta*lis a list price and a #air set o# discount #or inter!ediaries' Co. rag : +o gain !ore !ar"et s are we a$e to !a"e our product NESCREAM easil% a$aila*le in t e !ar"et #or t is purpose we co$er !a;i!u! area o# !ar"et' Lo!ation: + e location #or our product will *e super store =li"e !etro& cos!os etc>& general store& *a"eries& Transportation: +ransport ser$ice will *e a$ailed *% a speci#ic responsi*le transport co!pan% so t at our suppl% wont a##ect and we !a"e our custo!ers lo%al' Logisti!s: Co!plete #low o# pro$iding *est .ualit% goods and suppl% will *e !aintained *% our co!pan% as it doing now'
4ROMOTION:
Pro!otion strateg% is a "e% process t roug w ic we can create awareness a!ong t e custo!ers a*out our new product !erits and persuade t e! to *u% it' + ere are two strategies t at t e !ar"eters appl% t at isI Page | /:
ACHIEVERS
A!ong t ese two strategies we will use t e pull strateg% to pro!ote our product' As our product is new and uni.ue t ere#ore we requires high spending on advertising and consumer promotion to build up consumer demand for a product. By success of this strategy we can gain more and more market shares. 4romotion "as ,our di,, r nt asp !ts: Ad. rtising 4 rsonn # s ##ing Sa# s promotion 4ub#i! r #ations
Ad. rtising:
Ad$ertising is a #or! o# co!!unication intended to persuade an audience =$iewers& readers or listeners> to ta"e so!e action' 4e will pro!ote our product t roug using electronic !edia li"e +'E& radio' 8owe$er we will also use *ill*oards& oardings and posters so t at people will aware o# our product Using E# !troni! M dia: 9n electronic !edia we a$e decided to pro!ote our product t roug local tele$ision c annels& 7M radio stations' J% doing t is we can easil% aware our custo!ers a*out our product and t is will *ring us !a;i!u! result' 4e will also pro!ote our product t roug our co!pan%s own we*site in w ic we will gi$e e;tra in#or!ation w ic is re.uired to our custo!ers' 4rint M dia: we will use t e *ill*oards o# !a)or cities and wealso pro!ote our product t roug popular !aga2ines and newspapers' 4e will use posters and pa!p lets in eac and e$er% depart!ental store *% doing t is we can easil% create awareness o# our product a!ong our custo!ers
4ERSONNEL SELLIN(:
Page | /A
ACHIEVERS
personnel selling is t e !ost e##ecti$e t%pe o# pro!otion as it ta"es place #ace to #ace or o$er t e p one so it results .uic" #eed*ac" #or! our custo!ers' 7or t is purpose we will ire well educated and well trained e!plo%ees so t at t e% *uild long ter! relation wit our custo!ers' + ere#ore we will also spend on t is t%pe o# pro!otion' SALES 4ROMOTION:
Sales promotion is any initiative undertaken by an organization to promote an increase in sales, usage or trial of a product or service. First of all we will give trail packs of NESCRE ! as a sample to test w"et"er our product satisfies customers needs or not.
4UBLIC RELATION: Pu*lic Relations is de#ined as 5t e deli*erate& planned and sustained e##ort to esta*lis and !aintain !utual understanding *etween an organi2ation and its pu*lics5' 9t is relati$el% c eap& *ut certainl% not c eap' 4e will use pu*lic relation to *uild good relations ip wit custo!ers' 4e will ac ie$e good pu*lic relation *% supporting c arita*le pro)ects& and *% sponsoring di##erent e$ents'
Page | /<
ACHIEVERS
CRITICAL ISSUES:
+ e !ain critical issue can *e t e disli"ing o# our product *ecause it is launc ing #irst ti!e in !ar"et'
MAR'ETIN( RESEARC*:
+ e s%ste!atic design& collection& anal%sis& and reporting o# data rele$ant to a speci#ic !ar"eting situation #acing an organi2ation' 4e use !ar"eting researc to understand custo!er satis#action and purc asing *e a$ior w ic elps us to assess !ar"et potential and !ar"et s are or to !easure t e e##ecti$eness o# pricing& product& and distri*ution and pro!otion acti$ities' Page | /?
ACHIEVERS
4e use !ar"eting researc to c ec" t e !ar"et situation t roug !ar"eting researc ' T" mar0 ting r s ar!" program "as ,our st ps: 1' 2' /' :' (e#ining t e pro*le! and researc o*)ecti$es' (e$eloping t e researc plan' 9!ple!enting t e researc plan' 9nterpreting and reports t e #indings'
9% ) ,ining t" prob# m and r s ar!" ob5 !ti. s :B As regarding to t e pro*le!& Nestle as decided to launc #la$ored crea! under t e na!e NESCREAM in t ree di##erent #la$ors so t at people dont *u% di##erent #la$or essence and crea! separatel%' NESCREAM is !ade #ro! natural ingredient to deli$er speci#ic ealt *ene#its and pro$ides desired taste' R s ar!" ob5 !ti. s :B 4e did E*plorator Resear(' w ic to gat er t e preli!inar% in#or!ation *% w ic we can suggest %pot esis' 4e did e;plorator% researc regarding t e new product' 4e gat ered t e *asic data #ro! .uestionnaires' 4e also did )ESCRI4TIVE RESEARC* to *etter descri*e !ar"eting pro*le!& situations& or !ar"ets& suc as t e !ar"et potential #or NESCREAM or t e de!ograp ics and attitude o# consu!ers' :% )EVELO4IN( T*E RESEARC* 4LAN :B A#ter de#ining t e pro*le! and o*)ecti$es we decided ow to get e;act in#or!ation regarding our product e##icientl%' 7or t is purpose we use di##erent !et ods suc as researc approac es& contact !et ods& sa!pling plans and Ruestionnaires to gat er t e in#or!ation' (at" ring 4rimar+ data 9n#or!ation collected #or t e speci#ic purpose at and' 4e collected t e data #ro! .uestionnaire& sa!pling plans and contact !et ods' 4e e$aluate t e data w ic is rele$ant& accurate& current and i!partial #or our pro)ect' A#ter collecting t e secondar% dataI 4e de$elop t e plan #or pri!ar% data collection w ic includes researc approac es& contact !et ods& sa!pling plan& and researc instru!ents'
ACHIEVERS
9t includes o*ser$ations& sur$e%s& and e;peri!ents' 4e use o*ser$ational researc to collect data *% o*ser$ing rele$ant people& actions& and situations' 4e also used sur$e% researc to collect data *% as"ing people .uestions a*out t eir "nowledge& attitudes& pre#erences& and *u%ing *e a$ior'
Conta!t m t"ods:B
4e collect in#or!ation *% conducting t e perso#al i#tervie)s% telep'o#e% o#li#e a#& t'rou$' mail *% di##erent "inds o# peoples suc as students& pro#essionals& 7a!ilies and #riends etc'
Samp#ing p#an:B
4e use C#ust r Car aD sa!ple in pro*a*ilit% sa!ple' 4e sur$e%ed di##erent peoples suc as Students& pro#essionals& 7a!ilies& and 7riends' 4e too" A@ sa!ples #ro! eac categor% and total sa!ples are 2@@'
Page | /0
ACHIEVERS
Page | :@
ACHIEVERS
Page | :1
ACHIEVERS
-UESTIONNAIRE
Nam : O!!upation:IIIIIIIIIIIIII
9% )o +ou 0no3 N st# H a' Fes *' No :% )o +ou us N st# produ!tH 1"+H SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS ;% )o +ou a#r ad+ us dair+ !r am ,r Gu nt#+H a' Fes *' No <% Sp !i,+ 3"i!" t+p o, dair+ !r am it isH a' Plain *' ,ow #ats c' Condensed =% 1"i!" brand o, dair+ !r am do +ou us most ,r Gu nt#+H a' -lpers *' Nestle !il" pac" c' 8alee* d' -t ers Page | :2
ACHIEVERS
>% I, a dair+ !r am is in ,#a.ors 3i## +ou us itH a' Fes *' No ?% 1"at do +ou t"in02 3"o 3i## us ,#a.ors !r am ,rom t" !ombinationH a' 8ouse oldN*a"eriesN otels *' Jusiness usersN ouse oldNrestaurants c' Ja"eriesN otelsN*usiness users @% In 3"at 3a+ 3i## +ou g t b n ,it ,rom N s!r amH a' Ma"e desserts *' Ja"e ca"e c' S a"es and s!oot ies d' All o# t e a*o$e J% In 3"at t+p o, pa!0ag 3ou#d +ou #i0 N s!r amH a' +etra pac" wit plastic cap *' Plastic pooc c' 6lass *ottle 9K% 1"at ,#a.ors 3ou#d +ou #i0 in NESCREAMH a' Straw *err% *' Mango c' C ocolate d' -t ers 99% +ou #i0 t" #ogo and s#ogan CCr am up +our #i, D o, N s!r amH a' Fes *' No 9:% (i. som sugg stions or !omm nts on NESCREAMH IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
Page | :/
ACHIEVERS
Page | ::
ACHIEVERS