Maggi Marketing Mix Strategy Assignment

Maggi Marketing Mix Strategy Assignment Words: 1035

This is in line with the fact that people all over the world are cooking less and less from scratch. There is a wide range of MAGI products marketed worldwide in several countries. These include dehydrated bouillon, granulated seasoning, soups, recipe mixes, snacks, frozen foods, etc. In 1863 Julius Magi developed a formula for bring added taste to meals, which later became lead to the beginning of Magi and convenience food products.

MAGI, known worldwide for innovation and quality worldwide, understands that consumers are usually under great pressure in terms of time, edged, cooking skills etc and therefore tries to establish a bond through giving ideas and advice that make providing food easier. This results In the food provider being appreciated by family and friends. Magi as a brand Is globally known In the product category of bouillon or soup cubes. Nestle decided to introduce Magi brand in India in the same product category.

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This soup was initially test marketed in 1974 in Kraal. The response was not encouraging. Having then realized that the dietary habits of Israelites are not conductive to the Idea of drinking soup, test marketing of the brand extended to Ago with the idea that Goanna food habits have some similarity with western habits. Fortunately for the company, the test turned out to be positive and Magi became an accepted brand In India. Magi has faced lot of hurdles in its journey In India. The basic problem the brand faced Is the Indian Psyche.

Indian Palate is not too adventurous in terms of trying new tastes. That may be the reason why we are still stuck with Idle and Samara. So a new product with a new taste that too from a deferent culture will have difficulty in appealing to Indian market. As of owe, Magi Is the brand for 2-Emanuel noodles, Chinese noodles, ketchup’s and sauces for Nestle. As per the latest available data, sales of Magi 2-minute noodle in India are highest among all other Nestle products worldwide.

Analysts say Nestle, which faced one of the most challenging years in the FMC industry in 2003, has realized that unless It continuously innovates In an endeavourer to provide value-for-money to consumers, the company’s bottomless may be Impacted In the long run. MARKETING MIX Marketing decisions generally fall into the following four controllable categories: ; Product Price Place (distribution) Promotion 1964 article, The Concept of the Marketing Mix.

Borden began using the term in his teaching in the late sass’s after James Scullion had described the marketing manager as a “mixer of ingredients”. The ingredients in Border’s marketing mix included product planning, pricing, branding, distribution channels, personal selling, advertising, promotions, packaging, display, servicing, physical handling, and fact finding and analysis. E. Jerome McCarthy later grouped these ingredients into the four categories. These are the 4 As of Marketing Mix.

These four Up’s are the parameters that the marketing manager can control, subject to the internal and external constraints of the marketing environment. The goal is to make decisions that center the four Up’s on the customers in the target market in order to create perceived value and generate a positive response 4 As of MARKETING MIX Marketing decision variables are those variables under the firm’s control that can affect the level of demand for the firm’s products. They are distinguished from environmental and competitive action variables that are not totally and directly ender the firm’s control.

It is a great way to help us focus on the elements of a good marketing plan that we can’t control but must be aware of and anticipate such as: – new competitors, – new legislation, – change in consumer confidence, – change in consumer tastes; and The four marketing decision variables are: Price variables Allowances and deals Distribution and retailer mark-ups Discount structure Product variables Quality Models and sizes ; Packaging Brands Service Promotion variables Advertising Sales promotion ; Personal selling Publicity Place variables Channels of distribution

The “Basic product benefit” which our product provides to our target market is a good taste with proper nutrition levels and good health, as one of its punch line says “Taste Phi Health Phi”. The “Expected product benefit” which Magi provides is a proper and a good package which is vacuum zed which ensures customers a good quality, fully packed seasoning taskmaster & affordable prices. In most of the underdeveloped and developing countries like India competition takes place in the “expected product benefit” as Augmented product benefit stage is still to come.

The form shape, size, physical structure of Magi is very attractive as it is easy to carry, comes in various packs and sizes according to customers convenience. For example “Magi Piccolo ketchup” packs which is a smaller quantity consumption variant. The various features of Magi Tomato Ketchup are first of all its perfect taste according to the Indian touch & spices, its possibility factor, packaging, easily transformation of recipe according to the different tastes of consumers, an ideal preparation recipe at the back of its pack & above all its competitive prices.

As according to our survey report we found out the performance level of Magi Tomato Ketchup was excellent there were various other brands offered to our target market, but Magi prevailed as the winner out of them because of its various factors (taste, less consumption of time in preparation, prices, pack etc. ) Quality is the main factor on which Magi Tomato Ketchup emphasizes as it is Magi’s main strength which provides Magi an edge over its competitors.

As all the products of Magi are produced identical which fulfills its promise to its target market. Magi products are arable as due to its preparation these products are easy to store, have a long shelf life and can be stored at any given temperatures which is tested and approved. Reliability is also one of Magi’s strength, as one can always rely on a Maggie product for a particular taste which it guaranties that is no matter which pack you are buying you would be provided with the same taste, aroma & seasoning.

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