Kellogg's strategy and SWOT analysis with revenue and expenditure.
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Language: en
Added: Sep 25, 2014
Slides: 22 pages
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Kellogg's started with only 44 employees in Battle Creek, Michigan, in 1906. Founder, W.K. Kellogg, had a strong commitment to nutrition, health and quality. Kellogg's has historically been a leader in industry, innovation and marketing. Kellogg's is the world’s leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. Its products are sold in more than 180 countries worldwide . HISTORY
PRODUCTS
“To enrich and delight the world through foods and brands that matter.” " Nourishing families so they can flourish and thrive. VISION MISSION
Growth in cereal business Global expansion of convenience food’s/snacks Sustainable growth Be a trusted provider of great tasting, safe and high quality products to consumers Promote corporate responsibility to communities Reinforce the idea of healthy lifestyle for population OBJECTIVES
Kellogg’s continued to execute a strategy based on fundamental strengths It included the expanding family of megabrands, strong global opportunities product innovations people across the globe STRATEGY
Kellogg's is executing their strategy across four tracks. STRATEGY
in may 2012 from acquired And they stated that
MARKETING STRATEGY THE FOUR P’s PRODUCT: It provides the following benefit: food, health, healthy lifestyle, sense of sophistication PRICE: PROMOTION: PLACE: Price per box of about 300gms is around 120 Rs – 170 Rs The new products launched will have to be aggressively advertised on a number of media People in the city and urban areas prefer such products and hence it should be marketed there on a large scale.
Unique products Online growth Effective communication Strong brand equity Cost advantage SWOT ANALYSIS STRENGTH: WEAKNESS : Follower in pricing strategy Weak management team
MARKET SEGMENTATION AGE GENDER INCOME TASTE THE FOUR Variables for market selection are Products are marketed according to the age groups like children, teens, adults, senior citizens Men and women have different tastes and preferences and accordingly the products are marketed Kellogs has been committed to producing nutritious, high quality breakfast meals Income can be a barrier or a boon. Investing in region with high income group ( becoz they prefer convenience foods)is always a boon.
MARKET RESEARCH We surveyed 200 people belonging to different age-groups, socio-economic groups & living in different areas. Questions Asked Do you have breakfast regularly? Have you tasted Kellogg’s? If yes, Did you like the product used by you? How likely are you to purchase the product?
MARKET RESEARCH Do you have Breakfast? Have you tasted Kellogg’s? Did you like the products used? How likely are you to purchase the product?
REVENUE & EXPENDITURE
CONCLUSION Healthy food at convenience cost effective Better standard of living Innovation in products and taste Excellent Quality Value for money