Discuss about the case study Meal for Food, Families and the Market.
Competitor Name |
Maggi |
Koka |
Nissin |
Position strategy |
· Maggie has positioned itself as the ‘the 2-minutes noodles (Ekström, 2016). · In the view of the customers, it is easy to cook and good to eat. · It reinforces the health focus · It has positioned itself as noodles with soup for kids to give satisfaction the hunger pangs in between the meals · The communication of brand focuses on the situations in which the children demand something to consume prior to having dinner · The communication of brand focuses on the situations in which the children demand something to consume prior to having dinner · It has positioned itself and has created a unique position (Ekström, 2016). |
· Koka is positioned to offer high quality without compromising the taste and convenience. · It offers popular local flavours like Satay and Laska. · It has positioned its products as healthy instant noodles and has a hope of attracting the noodle eaters who are health conscious · They aim to provide the new forms of experience for the consumers who purchase the noodles manufactured by their company · It has positioned itself as a healthy brand as it not includes Mono Sodium Glutamate (MSG) (Jobber& Ellis-Chadwick, 2012). |
· After Maggie, the next brand which arrived in the market is Nissin (Hollensen, 2015). · It has positioned itself and has created a unique position · This brand has adopted the attribute of a product based positioning and has also highlighted its products · It has positioned itself as noodles with soup for kids to give satisfaction the hunger pangs in between the meals · The communication of brand focuses on the situations in which the children demand something to consume prior to having dinner · It reinforces the health focus · It has positioned its products as healthy instant noodles and has a hope of attracting the noodle eaters who are health conscious (Boone & Kurtz, 2013). |
Differentiation strategy |
· It employs the differentiation strategy related to the forms, features, quality, performance, reliability, durability, reparability, design and style as well as service. · It had opened a complete new market for instant noodles · Its campaigns of advertising are used as tools for creating market differentiation (Kotler et al., 2015) |
· The precept of health has been one big way to create differentiation in the market · Its campaigns of advertising are used as tools for creating market differentiation (Boone & Kurtz, 2013). · It had opened a complete new market for instant noodles (Jobber& Ellis-Chadwick, 2012). |
· It employs the differentiation strategy related to the forms, features, quality, performance, reliability, durability, reparability, design and style as well as service. · It had opened a complete new market for instant noodles (De Mooij, 2013). |
Pricing Strategy |
· The initial strategy of pricing was low in order to make the products reasonably priced (De Mooij, 2013). · It comes in reasonable prices starting from rupees five · Instead of increasing the prices, it has reduced the quantity · It also analyzes the cost, products and prices of its competitors · It sets lesser prices for boosting the market share as it can gain the profits of a long-term basis · It sometimes reduces the prices of its products for promotion (Czinkota & Ronkainen, 2013). |
· It analyzes the cost, products and prices of its competitors · It sets lesser prices for boosting the market share as it can gain the profits of a long-term basis · The initial strategy of pricing was low in order to make the products reasonably priced · Instead of increasing the prices, it has reduced the quantity · It sometimes reduces the prices of its products for promotion · It also analyzes the cost, products and prices of its competitors |
· The cheap price of Nissin can meet the objectives of pricing · It sometimes reduces the prices of its products for promotion · It sets lesser prices for boosting the market share as it can gain the profits of a long-term basis · It also analyzes the cost, products and prices of its competitors · This food company sometimes reduce its prices because it considers the lower price of its competitors and it gives a response to the changes of prices (Rosenbloom, 2012). |
Distribution strategy |
· The distribution network of Maggi is well spread in almost all parts of the world · It is readily available in grocery stores , and retail shops · Its distribution has become more intensive and it has adopted a variety of programmes in order to encourage its products over its competitors in the global market · The distribution of Maggi products is carried out intensively by means of several ways such as : Ø Supermarket Ø Grocery shops Ø Convenience Stores · The customers can also the buy its products from anywhere at anytime (Armstrong et al., 2014). · |
· The relationship between the sales volume and place of distribution is very close. · It is readily available in grocery stores , and retail shops · Its distribution has become more intensive and it has adopted a variety of programmes in order to encourage its products over its competitors in the global market (Armstrong et al., 2014). |
· The distribution of Nissin products is carried out intensively by means of several ways such as : Ø Supermarket Ø Grocery shops Ø Convenience Stores Ø Vending machine · The customers can also the buy its products from anywhere at anytime · The relationship between the sales volume and place of distribution is very close · Its distribution has become more intensive and it has adopted a variety of programmes in order to encourage its products over its competitors in the global market |
Promotional Strategy |
The products of Maggie are promoted by: · Distribution of free samples · Effective communication of the tagline · Different sizes s Maggie e.g. 200 gms, 100 gms, 50 gms etc. · Giving gifts on returning the empty packets · Wet sampling (Distribution of cooked Maggie)and Dry sampling (distribution of Maggie packets) · Sponsoring several events of children · Spending huge amount on the electronic as well as printing media advertisements · The company does promotions by providing the free samples · It s now targeting the products at the entire level of family and not only the children (Armstrong et al., 2012). |
· It is observed as an innovator in the market in terms of processing the noodles · It utilizes the technology of cooking by means of steam and air drying · Its purple wheat noodles are very much popular and is in high demand by the public · It is also recognized as an environment friend brand since it prefers to utilize the recycled materials · Spending huge amount on the electronic as well as printing media advertisements · The company offers a variety of flavours (De Mooij, 2013). |
· The company offers a variety of flavours such as mushroom, chicken, chilli crab, laksa and tom yam seafood. · The packet noodles comprise of different types such as dry, semi-dry and soups. · Nissin foods has been discovered to be win the challenge of the world campaign and it has a tie up with the Manchester United · The agreement on global partnership with the Manchester United is intended to offer a big scope for expanding the Nissin instant noodles · The company does promotions by providing the free samples · Spending huge amount on the electronic as well as printing media advertisements |
References
Armstrong, G., Adam, S., Denize, S., & Kotler, P. (2014). Principles of marketing. Pearson Australia.
Armstrong, G., Kotler, P., Harker, M., & Brennan, R. (2012). Marketing: an introduction. Pearson Prentice-Hall, London.
Boone, L. E., & Kurtz, D. L. (2013). Contemporary marketing. Cengage learning.
Czinkota, M. R., & Ronkainen, I. A. (2013). International marketing. Cengage Learning.
De Mooij, M. (2013). Global marketing and advertising: Understanding cultural paradoxes. Sage Publications.
Ekström, K. (2016). 5 The multi-cultural food market. The Practice of the Meal: Food, Families and the Market Place, 10, 57.
Hollensen, S. (2015). Marketing management: A relationship approach. Pearson Education.
Jobber, D., & Ellis-Chadwick, F. (2012). Principles and practice of marketing(No. 7th). McGraw-Hill Higher Education.
Kotler, P., Burton, S., Deans, K., Brown, L., & Armstrong, G. (2015).Marketing. Pearson Higher Education AU.
Rosenbloom, B. (2012). Marketing channels. Cengage Learning.
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