Submitted by: Submitted by masud123456
Views: 10
Words: 813
Pages: 4
Category: Business and Industry
Date Submitted: 07/11/2015 03:30 AM
old favourites such
as the VW Beetle and the Mini. One
secret of success is to retain enough of
the old image to keep the loyalty of
present enthusiasts for the product,
whilst making sufficient innovations to
attract a whole new group of consumers.
In the world of popular chocolates and
sweets, there has been in recent years
an ongoing revolution in modifying
products. In previous times, sweets and
chocolate bars remained in more or
less the same form for many years. Today,
however, modern sophisticated consumers
constantly seek novelty and
change, and consumers have become
the driving force behind product
modification.
Take Smarties, for example, which have
undergone a series of changes in recent
years. Until the late 1980s, Smarties
came in well-established standard
flavourings, colours and packaging.
Then:
1989 Nestlé introduced blue Smarties
1991 Printing on sweets was introduced
1992 Green chocolate arrived
1995 The standard range of Smarties
was relaunched with colourful
new packets
1997 Giant Smarties were launched
1999 Smarties ice cream was launched
2000 Mini Smarties came on the scene
2001 Tetrahedon pack for Mini Smarties
Every alert, market-focused producer
recognises the need for regular change.
This is required because:
• consumers want and demand change
• rival firms are constantly re-inventing
themselves and their products
• innovation and inventiveness keep
an organisation flexible and able to
respond to further change.
Although Kit Kat continued to be the
Number 1 confectionery brand, by the
late 1990s its volume sales were falling.
Faced with several increasingly attractive
competitive offerings, consumers
began to see Kit Kat in its traditional
form as lacking in excitement and interest,
with purchases being driven more by
habit than positive choice. Although the
four-finger Kit Kat continued to be
highly popular with its core target
market of 25-40 year olds, it was losing
popular appeal...