Page 6: Conclusion
Successful businesses use all the tools at their disposal to stay at the top of their chosen market.
Kellogg's was able to use a number of business tools in order to successfully re-launch the Nutri-Grain brand. These tools included the product life cycle, Ansoff”s matrix and the marketing mix. Such tools are useful when used properly.
Kellogg's was able to see that although Nutri-Grain fitted its strategic profile a healthy, convenient cereal product it was underperforming in the market. This information was used, along with the aims and objectives of the business, to develop a strategy for continuing success.
Finally, when Kellogg's checked the growth of the re-launched product against its own objectives, it had met all its aims to:
- re-position the brand through the use of the marketing mix
- return the brand to growth
- improve the frequency of purchase
- introduce new customers to the brand.
Nutri-Grain remains a growing brand and product within the Kellogg's product family.