Nestle Corporation Assignment Example | Topics and Well Written Essays - 500 words

Nestle Corporation - Assignment ExampleMost changes in industries are driven by the desires of customers (Doublethink, 2010). In the 1900s the company implemented s order change when the firm transformed from a domestic company into a global enterprise. The organization penetrated new-sprung(prenominal) marketplaces by purchasing subsidiaries in the contradictory markets. Nestle aggressively targeted the U.S. marketplace during the World War II due to the increasing demand for dairy products. Another mo order change that occurred at Nestle was the movement of corporate offices from Switzerland to the United States. The firms moves were based on the goal of increasing efficiency and productivity. In 1974 Nestle underwent another secant order change when the firm decided to change its strategical approach by implementing a diversification strategy. A diversification strategy captures whatever strategic benefits that exist within a portfolio of businesses and turns them into a com petitive advantage for the company (Chaneta). The firm became a major shareholder of the cosmetics company LOreal. A second acquisition that increased the level of diversification of the company was the purchase of Alcon Laboratories. Alcon Laboratories is dedicated to the manufacture of pharmaceutical and ophthalmic products. A first order change that the new CEO of the company, Brabech-Letmathe, implemented was the hiring of ten new executives to the executive board.