H. W. U.
T Research for Milo We are going to produce a SWOT research to find out how effective Milo is working and what internal factors may affect its success. A SWOT research analyses the internal factors that may influence the achievements of a business. The initials SWOT stand for: S trengths W eaknesses O pportunities To hreats This is the SWOT examination on Milo: Strengths 2. Focusing only on delicious chocolate energy beverage. * Big sales far away. * It can be available in different sizes, shapes and type. 2. Value for money. Promotion/advertising done in various other countries. Weak points * Insufficient diversity in flavours 2. Packaging (design of tin + labelling ) Options * Improved media readily available (mobiles/internet) 2. Increased health industry 5. Increase awareness of health and fitness * Sponsorship (through sporting events) Threats * Competitors (hot chocolate, energy drinks) 5. Well known successful brands while competitors * Competitors can use aggressive promoting tactics cut prices/increase advertising * Competitors bring out related products Competitors have variety in presentation (bottles, pouches, cans, etc) Challenges Milo also has problems in marketing the product to consumer. The challenges are in sizzling chocolate and energy beverage. The challenger in hot chocolate is definitely Vico. Vico chocolate beverage also is the widely used choice between to consumer in Malaysia. Vico chocolate drink have more chocolate test than Milo and the selling price also more affordable than Milo. Vico may be the substitution merchandise for Milo. The energy drink, the challenges is result from Horlick.
Horlicks contain wide range of vitamins and minerals. This device gives energy to human body to working or take action activities. Generally this beverage will take inside the breakfast. Horlicks are good in advertisement. For instance , in Ramadhan, we need energy to fasting and they make use of this chance to market their item that can offers energy to body in fasting. Improvement To improve the industry, I think Milo have to do a thing in their taste and advertisements. For taste, make an investigation more regarding consumer behaviour in Malaysia.
Find a style that client really like. Do the experiment with 100 customers to find which flavour is good and what consumer wants available in the market right now. Use celebrity can make good ad to release new product. The movie star can catch the attention of customer to learn about new product. Aggressive marketing in press can improve the market. Produce new product packaging that can appeal to customer to get and ceremony in the ingredient about supplement and energy that can gives to consumer when they drink it.
