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Reassessment-ASM1-231.BMM5312.A01-Principles of International Business-209041011
Reassessment-ASM1-231.BMM5312.A01-Principles of International Business-209041011
OVERVIEW
Nestlé is the world’s largest, most
diversified food and beverage
company. The company has a unique
global footprint and sells products in
188 countries worldwide.
SWOT
Incomparable skill in terms Disapproval voiced for
of R&D. excessive water use, tainted
Global reach and one of the food sales, anti- unionism,
most diverse income streams forced child labour, and
among similar companies. other unethical actions.
Superior variety of goods and Recalled foods due to
labels. contamination.
Efforts to preserve the
environment.
Holdings in some of the most
famous brands in the world.
PESTLE ANALYSIS
SOUTH IVORY
SUDAN COAST
During the internal conflict in
Operations and supply chains 2002, Cote d'Ivoire saw periods
may be impacted by of political instability; however,
governmental policies and in the recent past, political
political unrest. stability has significantly
P improved.
P
Currency fluctuations and Production gains in cashew,
inflation are two economic cocoa, cotton, and other food
issues that have an impact on crops (rice, banana, cassava, and
pricing and profitability. corn) are the main drivers of
E agriculture's return.
E
Consumer preferences are
shaped by social dynamics, such Ivory Coast's cultural diversity is
as health consciousness and regarded as remarkable.
demographics.
S S
Operational efficiency is To bolster IT infrastructure, the
affected by infrastructure government is working to install
constraints and technological about 6,500 km of fiber optic
advancements. cables.
T T
Legal factors like intellectual The Ivoirian judiciary is beset by
property rights and regulatory high levels of authority operator
compliance are crucial. intervention and corruption.
L L
Ivory Coast is party to over 15
Production and sourcing are international agreements
impacted by environmental covering a wide range of issues,
factors such as climate change including waste management,
and sustainability initiatives. marine debris, climate change,
SOUTH IVORY
SUDAN COAST
Threat of New Entrants: Minimal Threat of New Entrants:
because of obstacles like high There are several obstacles in
startup costs, intricate laws, and the way of new competitors
Nestlé's dominant position in the entering the consumer food
market. market.
BEST CHOICE
IVORY COAST
NESTLE ENTRY
IVORY COAST MARKET
JOINT
AVANTAGES ACQUISITION
VENTURES
1. Strong Brand Nestlé may consider Nestlé
Nestlémay
may buy
buyanan
Reputation. forming joint already-existingIvory
already-existing Ivory
2. Product ventures with local Coast
Coastcompany,
company,or oraa
Diversification. companies or related venture
related venture in in the
the
3. Global Experience investors to food
foodandandbeverage
beverage
and Expertise. strengthen its market sector. Nestlé
sector. Nestlé can
can
4. Commitment to position, gain access quickly obtain the
quickly obtain the
Sustainability to distribution assets of of
assets a target
a target
5. Strong Distribution networks, and company
company through an
through an
Network. enhance its acquisition, including
acquisition, including
6. Local Partnerships understanding of the itsits
manufacturing
manufacturing
and Relationships local market sites, distribution
sites, distribution
dynamics. systems,
systems, intellectual
intellectual
property,
property, and and market
market
KEY STEPS share. Using
share. Using
acquisitions,
acquisitions,Nestlé
Nestlé
can can
fortify its
fortify its
1. Market Research and Analysis. standing
standing in in the
the Ivory
Ivory
2. Formulate a Market Entry Strategy. Coast
Coastmarket
market and
and
3. Regulatory Compliance and Legal eradicate
eradicate rivals,
rivals,
Considerations. consequently
consequently
4. Build Local Partnerships. augmenting
augmenting its its
5. Invest in Distribution and Infrastructure. market
market share
share and
and
6. Brand Awareness and Marketing. augmenting its
augmenting its
7. Monitor and Adapt growth opportunities.
growth opportunities.
IN CONCLUSION