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The potential market of Unilever
Nature and scope of marketing strategy
Nature and scope of marketing strategy
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Recommended: The potential market of Unilever
Task: 11(Lo 4.1)
Plan marketing mixes for two different segments in consumer markets.
Unilever is one of the worlds largest consumer product companies and world market leader. It is also leading suppliers of food, home and personal care product with sales in all over the country.
Fast Moving Consumer Goods (FMCG)
Fast moving consumer goods product are relatively low cost and don’t require a lot of time and financial investment to purchase. Profit of individual product FMCG product is less.
FMCG is a classification and wide range of frequently purchased consumer products are toiletries, soaps, cosmetics, teeth cleaning products, shaving products, detergents and other non-durables products.
Unilever is a fast moving consumer goods company. Unilever provided goods for consumer non-durable product. They are frequently purchased consumer product are toiletries, soaps, cosmetics, toothpaste and other products.
Unilever building powerful brands and achieving a high level distribution. It is a global company. Unilever have powerful supply chain market. Unilever supply chain is the interrelated collection of process and resources. It includes supplier, manufacturers, distributors, wholesaler lead up to delivery to the final customer.
Marketing mix plan:
Product plan: Product planning is mostly important of marketing mix planning. The product must be provide value for the customer. It also have good quality of product. Product planning depends on market research and consumer research.
Price plan: Price planning is a main thing for product and grow up business. Price depends mainly product quality. Customer will assume a higher quality product.
Place plan: place is important for product surveys for customer. It also surveys one place...
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...rket have goals.
Product purchased (Derived demand)
Consumer market is origin of product demand. Derived demand means is direct demand. Product is usually less technical and complex. Organizational product demand is based on the demand. products often require technical expertise.
Buying process:
Both markets follow the same buying process. such as information search, alternative evaluation, purchase decision. both market a committee or several people often are involved in every buying process.
Marketing methods:
Salespeople directly marketing on organizational market. They marketing face to face. Marketing material is more technical and more focuses.
Distribution:
Distribution channels are used to reach as many people and consumer market.
For example: a product producer will use physical retailer store, online retailer store to show number of product for consumer.
Place Strategy: Based on channel’s performance and feedback, we are going to allocate sales force to increase sales revenue. At the same time, we are going to use benchmarking to compare performance and sales force allocation by channel. We want to encourage our channels through an outstanding support, and salesforce is a key to building strong relations with partners, taking into consideration we expect to launch two more
This will help them in achieving maximum sales. The company’s marketing team should first collect information regarding the income level of customers who live in the vicinity of the potential store location. They should determine income of the area’s population in order to make sure that it matches that of their typical customers. They should also take a look at education level as well occupational information for the area in question.
A consumer is a person who is seeking for products and services for personal, domestic and household use or consumption only.
In the sci fi novel Ubik, Philip K. Dick reveals consumerism in the year of 1992 where the technology to preserve oneself is readily available for the right price. Business dictionary claims that the definition of consumerism is organized-efforts by individuals, groups and government to help protect consumers from policies and practices that infringe consumer rights to fair business practices. In the book Ubik at the beginning of every chapter they are trying to sell you something. For example in chapter 15 they are trying to sell you Ubiks powerful germinal foaming action. .Their view on consumerism is trying to get you to buy the product whether it's good for you or bad for you . Page 16 in Ubik states “ Instant Ubik has all the fresh flavor of just brewed drip coffee . Your husband will say,Christ, Sally , I used to think your coffee was only so-so , but now , wow! Safe when taken as directed . They don't tell you what could happen if not used directed .
(Yoder-Wise, 2015) During the process of planning you need to assess your internal and external environment, identify any opportunities and threats. Then you want to create your plan and identify your goals and objectives, implement the plan and lastly you evaluate and make any necessary changes. In strategic marketing, you want to identify your target market and research it. When planning you identify your strategies and objectives you identify what services you will provide and at what cost an how you’re going to market your plan. You can evaluate by getting feedback from consumers through different
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
F.M.C.G. Company Heinz is the most global U.S. based food company, with a world-class portfolio of powerful brands holding number 1 and number 2 market positions in more than 50 worldwide markets. There are many other famous brand names in the company¡¦s portfolio besides Heinz itself, StarKist, Ore-Ida, Plasmon, and Watties. In fact, Heinz owns more than 200 brands around the world and makes over 5,700 varieties.
The company has a focus on new product development and innovation. Products range from oral hygiene products to pet foods. The company sells high margin products that they are able to produce at a low cost to the company (Datamonitor, 2011). Colgate-Palmolive’s financial strategy has helped the company to achieve great success.
P&G is an international and famous consumer goods founded in United States by Williams Procter and James Gamble both from the United Kingdom since 1837 about 177 years ago. P&G manufactures diversified range of product such as personal care, cleaning items, beauty product, pets food, drugs, & other beverages. Their products are sold in more than 180 countries around the world through grocery and departmental stores and retailers. They are also among the world’s most profitable consumer product company, with highest amount of sales. Their products are recognized in most part of the world. Their company have an organizational strategy to touch the live of its employees which is the major strength and competitive advantage of the company.
Although Unilever’s Path to Growth strategy involves all components of the general environment, two segments that are especially relevant are the global and sociocultural segments. A major strength of the company’s global environment is its geographic diversification of its major product markets. In 2003, Unilever had sales and marketing efforts in 88 different countries. The key is that it gave decision-making power to its managers in different countries so that they could tailor their products to the market’s specific preferences and consumers’ local tastes. Thus, it was the cross-country preferences of consumers that determined what products Unilever would carry. The global segment provides an enormous opportunity for Unilever. The case states that emerging country markets show the greatest potential for sales growth. Major competitors such as Procter & Gamble and Kraft Foods had sales in roughly 140 to 150 different countries in 2003, and Nestle, Unilever’s main rival, had market penetration in almost every country in the world. If Unilever is able to expand its operations into 50 or more new countries and concentrate its advertising campaign on consumer preferences, it could significantly increase its market share in the global economy.
By investing more in market research than any other company, conducting thousands of research studies and investing millions in consumer understanding every year, P&G has made a success out of articulating unspecified consumer wants and needs translating them into products. Not only is their a successful transition from idea to product, but P&G has also demonstrated global success in branding these products into household names with the logistics and distribution capabilities to translate it into meeting consumer and retailers needs satisfactorily. By translating these characteristics into continuously improving efficiency and productivity, P&G can give the best brand value to the Indian market by building relationships with consumers,businesses and retailers, making Oral B the toothbrush household name in India.
Unilever is the world third largest consumer goods company which produces a wide range of foods, home care and personal care products. Behind the sustained development over 8...
Service: Unilever works quite closely with the customer to ensure customer satisfaction and also to understand the trending needs of the customer.
Unilever is one of the largest packaged consumer goods companies specializing in hundreds of different brands. Unilever is based in Holland and the UK and is jointly owned by Unilever N.V and Unilever PLC. Both companies have the same board of directors but operate as a single entity and list there stock separately. In 2000, Unilever restructured their board of directors by electing new faces to the board and seeing other key members retire, like Jan Peelen and Robert Philips.
...the business environment. B2B involves activities between two organizations that may be producers, wholesalers and retailers. The products are not sold to final consumers. The activities in B2B involve more serious evaluations to ensure that the best decision is made. Experts are involved in the process. On the other hand, B2C involves one individual making a decision whether informed or not. The advantage is that B2C is less risky as compared to B2B. Marketing activities have proved to benefit the B2B activities as opposed to B2C where decisions are made based on emotions created on an individual.