Principals of Marketing (MKT 101) Prepared For Kashfia Ahmed Senior Lecture Department of Business Administration East West University Prepared By Name of Students ID JahidHasanRajib F M AlifHossain 2010-3-13-059 2010-2-10-096 Nabila Kamal IshratAshrafi 2010-1-10-177 2011-1-10-439 Samira Mostafa Samia Sultana 2010-2-10-345 2010-3-10-039 Program : Bachelor of Business Administration (BBA) Semester : Spring-2011 Course Name : Principal of Marketing Course
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Nestle Case Study What are the environmental and internal forces that argue for Decentralization Vs Centralization at Nestle? The “Nestlé way” is to dominate its markets. Its overall strategy can be summarized in four points: * think and plan long term * decentralize * stick to what you know * Adapt to local tastes For many companies‚ such a long-term strategy would not be profitable‚ but it works for Nestlé because the company relies on local ingredients and markets products
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Nestle in China Research Report 1. objective Our objective is to provide good-tasting foods and beverages‚ as well as services‚ bring nutrition‚ health and wellness to Chinese consumers. 2. description of the company’s Nestlé is the largest consumer packaged goods’ company in the world‚ founded and headquartered in Switzerland. Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company‚ which was established in 1866 by brothers George Page and Charles Page‚ and the Farine Lactée Henri
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timely addressed‚ this may result to a web of chaos for Nestle. Greenpeace is a global campaigning organisation that enhances to change attitudes and behaviour of people in order to protect and conserve the environment. (About Greenpeace‚ n.d.) The reputational threat instigated by Greenpeace stemmed from Nestle’s weak stakeholder/customer relations which is a factor in selling products/services‚ one of the seven basic functions of marketing. Though it is true that supplier contracts including one
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EXTERNAL ENVIRONMENT Demographic External factor More the education more will be the awareness about brand and quality food. If the income level of people is high then purchasing power will be high so they willpurchase more. Nestle products are made for people belonging from all age groups. Both male/female are included equally in its target market. Economic environment If the inflation rate is high then there will be decrease in purchasing power. so inflation indirectly affects the company‘s
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Explanation of what a marketing audit is: The purpose of a marketing audit is to review and appraise existing marketing activities and to look at the way the marketing is planned and managed‚ giving the opportunity for a systematic examination of each element of the organisations current marketing activity and achievements‚ and to objectively evaluate the effectiveness of the organisations investment in marketing. The marketing audit assists in the evaluation of the whole marketing activity‚ and provides
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1. Marketing environment audit : Macro : economic GDP Nominal: $1.449 trillion (2014)‚ GDP growth 2.1% (2012) GDP per capita $32‚020 (PPP‚ 2012) inflation (CPI) 1.1%‚ Jan 2014 Unemployment 3% demographic Population 50.95 million (South Korea) (2012)‚ Population Increase Rate 0.45% (2012)‚ Median Age 38.9 years (2012)lifestyles : Nighttime marketing is designed to meet the changing needs of our customers. People are much busier now‚ and they need products and services at all hours. political Tax levels
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UNDERSTANDING & APPLICATIO N OF MARKETING AUDIT Th e R e port Pr epa re d b y‚ CM /20 05/ 183 L. H. S. R a nat hun ga Su bj ec t: St rat eg ic Ma rk et in g Ma na ge men t (B MKT 3 2054 ) Le ct ur er: Mr . Aj it h P. Med is nd Se me ste r: 3rd Ye a r 2nd Se me ste r‚ 2 009 Department of Marketing Management University of Kelaniya ACKNOW LEDG EMENT This assignment was prepared for the purpose of getting the understanding about marketing audit and its important part is concerned. I’m
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What is a marketing audit? A marketing audit is a detailed analysis of the elements that constitute or influence a company’s efforts to profitably market its products- today and in future when both market and products may undergo radical change (John‚ Alexander‚ & Theodore‚ 1969). The marketing audit helps to understand the fundamentals of a company’s marketing planning process. Auditing is not only conducted not only at the planning stage and also conducted during various stages until the implementation
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A marketing audit is not unlike a financial audit in that it helps the organisations to examine progress or lack of process towards the goals. A marketing audit is an evaluation of the marketing within an organisation to see if their strategies in place are effective within the marketing environment. There is an “internal and external” form of audits. The internal audit assists with considering the effectiveness of the marketing strategies in place at the time of the audit. The “external” audit
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