Implementation, Controls, and Plans STR/581

Implementation, Controls, and Plans

STR/581

Implementation, Controls, and Plans

Nestlé is "the world's leading Nutrition, Health, and Wellness company" (Nestle, n.a.). To maintain this position Nestlé will implement a combination of strategies: product differentiation, low-cost leadership, and product development. The purpose of this paper is to discuss 1) the implementation plan, 2) required organizational change management strategies, 3) key success factors, budget, and forecasted financials (including a break-even chart) and 4) a risk management plan, including contingency plans for identified risks.

Implementation Plan

Adopting a combination of product differentiation, low-cost leadership, and product development strategies will help Nestlé maximize strengths and neutralize threats as these strategies support Nestles mission and align with their objectives. Nestlé will continue to develop healthy nutritious food and beverage alternatives for their consumers. Populations are rising and aging quickly. In 2009 39.6 million people in the United States were over the age of 65, predictions estimate there will be 72.1

English: The Nestlé Logo. Deutsch: Das Nestle Log...

English: An image of the Nestle Tower (UK Headquar...

English: Nestlé Japan headquarters in Kobe, Hyogo...

million Americans in 2030 (AOA, 2010). Obesity statistics are even more alarming. In America 58 million are considered overweight, 40 million are obese, and three million are morbidly obese (Obesity, 2007). As these statistics rise, so do the number of consumers looking for healthier alternatives. Nestlé has already manufactured a line of products tailored to the aging and weight conscious and will continue to create and improve upon these products. Nestlé creates leading edge products, improving upon them when necessary, and uses their dominant market share to maintain low costs.

To implement a strategic plan successfully, Nestlé must 1) identify short-term objectives, milestones, and deadlines 2) initiate specific functional tactics, 3) Communicate policies that empower people in the organization, rewarding them effectively (Robinson & Pearce, 2011, p. 266), 4) assign task ownership to...