Competitive strategy and advantages - Jamshaid Sarwar
-14287597790Sunsilk Shampoo Report-95250608965-133350561975S NOTopicPage No.1.Executive Summary042.Corporate Mission and Objectives053.Marketing Strategy& organization structure6-74.Marketing target Strategy8-95.Distribution, promotion,Sunsilk product strategy10-126.Branding strategy137.Promotional strategy148.Market Situation Analysis (PEST)15-169.SWOT Analysis16-petitive Environment and Market pany18-petitive strategy and advantages19-munication Tools of Sunsilk &Branding20-2214.Target marketing strategies22-2415.Target marketing strategies24-2816.Promotional plan2917.Sources30Unilever Pakistan SUNSILKExecutive Summary:Sunsilk is a brand that provides the hair care facilities. It is a brand of Unilever. It targets the segment on women of 16 to 40 years of age having middle or upper income class. Sunsilk brand is sold in more than 69 countries world-wide. Sunsilk was introduced in Pakistan in 1989. Its main competitors in the market are Pantene and in rural areas Bio-Amla.Theintroduction of shampoo in Pakistan dates back to the?British reign in the country. Being arecent progress the growth of shampoo or rather the penetration levels of shampoo inthe Pakistan has been?commendable.The shampoo market in Pakistan is estimated to be Rs 2,500-3,000?crore. The shampoomarket is Pakistan is?categorized according to the benefits they provide.?Mostly consisting of?three kinds of shampoos cosmetic, herbal and anti dandruff, the shampoo market in Pakistan has managed to tap users of the various segments according to their requirements and?preferences.Due to the continuous efforts of the top?shampoo brands in Pakistan penetration of shampoosin urban areas is almost 100%. As far as penetration of?shampoo in the rural areas isconcerned it has risen by almost 18% in the current scenario.The top shampoo brands in Pakistan include Sunsilk, Clinic Plus, Dove and?Pantene. Thecompany that leads the shampoo market in Pakistan is Unilever Pakistan Limited. The topthree most sought after brands Sunsilk, Dove and Clinic are produced by ULP. Thecompany holds a 44% market share in the Pakistan shampoo industry. It is?said that ULP earns almost 8% of its revenue from the sale of?these products The other recent brand thathas taken the Pakistani personal care industry by storm is Pantene. Since its very inceptionthe brand was a best seller. A product of?FMCG giants Proctor and Gamble Pantene hasslowly and steadily managed to capture quite a large amount of the Pakistani market.Proctor and Gamble the second top shampoo brand in Pakistan holds?a market share of?around 25% in the Pakistani shampoo industry.Corporate Mission and ObjectivesMission:The new Sunsilk Shampoo aims at fulfilling the needs of its target market by offering a high quality, assessment of the concept in term of its acceptability, credibility and perceived benefits that it offers a healthy choice shampoo alternative to the targeted customer. The name of the product shall be anchored around the motto:“Softness Shine and Manageability of Hairs”The mission statement of Sunsilk offers the clear guide the product market of the firm by providing the information about the product features and also saying that it fulfill the need of the customer and provide the high quality.Objectives:Neither our on nor our major competitor’s objectives are simple or clear. There are many choice between short term and long-term profit, between growth and cash flow, between growth and assets and growth in earning, between proportion of earning paid to shareholder as dividends or reinvested.It is reasonable to assume that these different objectives of different competitors predetermine some of their strategies and tactical behavior.Assess the concept of product acceptability, credibility and perceived benefits.Examine consumer’s assessment of the product,in terms of product performance and related benefits.Explore consumers reaction towards packagingUnderstanding consumers perception of quality advertisement in term of its impactSunsilk is one of the big names in playing the market. No one of the single firm cam attain the name if they don’t have a proper planning, objective and purposes. The objectives are set according to the time frame as it is mentioned earlier.Review Corporate ProgressBalanced growth in volumes ahead of Sunsilk markets reflected continuing strong performances in Pakistan. Progress of sun silk’s different product is reviewed after each month on the basis of their strength and limitation analysis. The reports are also generated after each month, quarterly, semiannually and annual basis. Different consideration are provide like impact of sale, consumer confidence, financial costs, taxes, earning per share, restructuring and disposals, acquisitions and cautionary statement are provided in reviewing process.Marketing Strategy:Sunsilk marketing strategy basically revolved around the well known four P’s of the marketing also known as the marketing mix. Innovations in products, reasonable price, the area where to target the market and selecting the mode of promotion. The success of the organization highly depended on the promotion that directed for the interest of the customer. By recognizing what factors to improve, the marketers, entrepreneurs and owners may have different strategies to improve their promotional or marketing strategy performances for the success of the organization in the futureThe main focus of any organization is to earn the profit but with specialized marketing activities this would seem to be a dream. Sunsilk shampoo corporate planning is specified in term of marketing. A lot of campaigns sunsilk did in order to maintain its share in the market. At the very start it was focusing on the different countries and was focusing to address the hair issues. But due to low level of advertisement its market was declining.Then sunsilk started a new campaign in which they tried to focus the youngsters and the target audience was also defined as single, fashion-conscious, working women who economized when looking good. After that different campaigns like “life can’t wait”, Gang of girls etc.Ms Sadaf Javed is the brand manager of sunsilk. She is responsible of all the marketing activities of sunsilk in Pakistan. Under her marketing recommendation sunsilk is touching the height of the market. There are a lot of changes occurring in the market. The first thing is the increasing the number of different products that are substitute to the sunsilk shampoo. As the time passes the customer want variety in one product. In response to the customer requirements sunsilk lounged different conditioners.A common rule in the advertising world is that, to be successful, an advertisement must capture its target audience’s attention immediately. A potential buyer must be able to view a better and more refined version of reality and also be able to relate to the circumstances portrayed in the advertisement. For this reason, advertising agencies use new and creative methods to promote their products in previously untapped markets, ranging from men’s beauty products to products for women who don head scarves. Recently, Pakistani firms have started catering to the more conservative segments of society. The first product implying this evolving market trend is Sun silk’s shampoo for ‘covered hair’. Though such products have existed in other Muslim countries such as Malaysia, Indonesia and Egypt (introduced as Safe Hair-shampoo designed for veiled women), the Pakistani market is comparatively new but highly accepting of this new trend, according to Fareshteh Aslam Brands and External Communications Manager Unilever Pakistan.Sunsilk launched its Lively Clean and Fresh shampoo for covered hair in Pakistan around two months ago and according to Aslam, “the product has been highly successful”. The launch of this shampoo in Ramazan proved fruitful for the brand’s image as well as the product, but Aslam explains that it was being planned for many months. “We listen to the consumer, look at the market pattern and then see how we can cater to the demands through our resources.” Aslam states that this shampoo had been in the global Sunsilk market for a quite some time and was in high demand in countries such as Indonesia. Therefore, the team thought that it was high time that Pakistani women, who cover their head, also get a fair chance to have ‘lively and fresh’ hair. The team that planned out the whole campaign had to be mindful of Pakistani society. Besides thinking extensively about how to advertise the shampoo, they also had to keep in mind the basic ground rule for advertising, which is to “respect the lifestyle of each market”.Marketing planning and Structure of Organization:As already mentioned in the report that sunsilk is the brand of Unilever Pakistan. The structure of organization is focusing work specialization. Work specialization help in various ways ie it helped in division of labor that yield a greater result in term of efficient use of employee skills then the traditional ways. Hierarchy in Unilever Pakistan is as under The hierarchy in functional departmentalization is as under.In unilever Pakistan there is a decentralized structure. There is a narrow span of control and a strong communication between different departments. There is a flexible environment in organization.Marketing target StrategyA little competition can be a healthy thing. It could be also a too much costly and terrible in if organization is not in competition in market, Particular business or product. How the organization Handle the competition can be a direct link to the success or failure of the organization. However the organization have the to compete and significantly increase the chances of coming out on the top or market place and creating the competitive edge.Sunsilk Marketing objective.Sunsilk increase his sale due to his Marketing strategy. Every company has primary Market objective and that is increase of its sales. Company is made for earning profit and with help or maximizing sales high profit and with the help or maximizing sales high profit can be achieved. Second purpose of such strategy .Third objective of unilever company extended their market that is resone company working whole the world. Fourth one is to be socially ethical with the society and the customerSUNSILK Colour Shampoo Marketing Objectives:Establish a strong brand image and consumer loyalty.The must be and easiest available sunsilk product to the target consumerAwareness about the uncommon the product Reduce the cost Maintain positive strong growth in starting yearTarget Market:Target market as these type of market where the customer that will purchase or for whom you make product.IdentificationFemale gender between the age of 14 to 30Especially target to fashionable girls?Why they selected?There are two reasons for selecting 14 to 30 years girls as a target market for SUNSILK COLOR SHAMPOO.The people of 14 to 30 are normally age of fashion.This product is for all fashionable girls.?Competitors:Only the company, Unilever, that producing color shampoo.No other company is making this type of product. Positioning:Positioning is your product’s desire image in your target customers or what do your customers actually think about your product.Distinctive qualitiesSUNSILK Color Shampoo is not only a hair color shampoo but a dandruff removing shampoo also.SUNSILK Color Shampoo is suitable for all types of hairs.SUNSILK Color Shampoo is delivering Consumer Promise?Slogan:Slogan is tags line that company use to make its customer easy to remember its product.Official SUNSILK Slogan???????? Because Life Can’t WaitColor Shampoo Slogan???????? Live in ColorsDistributionDistribution channels:Existing distribution network is used for this product also.Market coverage Strategy:For SUNSILK Color shampoo “inclusive” market coverage strategy will be adopted. Every retail store, super store and beauty salon is member of distribution network.Distribution objectiveTo reach as many towns and villages as we can.Unilever has 150distribution whose function is to sell wholesaler directly .they are clearly performance is constantly evaluated.The distribution must be known following things. Know about the significance characteristics of the product.Place the product along with its major competitors like p&G.Display the sachets distinctly.And give the incentive to the distributors.?PromotionPromotional strategyPull strategy will be used for this product. Complete and thorough information regarding product will transfer through advertising and other promotional techniques.Marketing communications budgetHigh communication and advertising budget will allocate for this product.Public relations & publicityOther techniques like public relations & publicity will use.Personal selling & sales forceSales force will hire for promotion of this color shampoo that will visit to homes and institutes for product demonstrations.Method Adopted to promote e the brand name of sunsilkActresses as spokespersons.Co- marketing.Many films were made exclusively for retailers like wale mart and telecast in store.Sponsor fashion show.Innovation and unique strategy of unilever company implemented by sunsilk in Pakistan lunched the gang of girls websitepushed on line and via TV and print Lots of media mention as it as a successful brand.More over college festival malls and multiplexes across pk.The registered user pany taking the benefit of new web 2 technologies ranging from blogs to power of social networkAs far as brad is concerned plus side for sunsilk use the power of technology to position brand successful and create following among niche users whom must have generated enough feedback for the brand to understand demographic served Sunsilk product strategyPoint of parity:For an offering to achieve a point of parity on a particular attribute or benefit, sufficient number of customers must believe the brand is good enough on the dimension like other Sunsilk consist of such POPs areDream soft and smoothStunning black shineLusciously thick & long Anti dandruff solutionHair fall solutionDream soft and smooth:Turn rough dry hair to soft smooth hair from the first wash with almond oil energizers.Stunning black shine:Enriched with Amla pearl energizers, it’s give deeper shiner from the first wash.Lusciously thick and long:Makes hair looks thicker and long with nourishing yoghurt protein energizers.Anti dandruff shampoo:Give total free hairs from dandruff.Hair fall solution:Ginseng & soya energies boost hair strength to visibly reduce hair fall due to breakages.Point of difference:The point of difference, the brand must demonstrate clear superiority. Sunsilk PODs is Co Creation. They came with this idea to grab the market and to be superior in the market. Sunsilk started working with a number of professional experts to develop new and improved products. Sunsilk teamed up seven global hair experts bring the world’s first co created product range for all specific hair types hailing from fashion hubs the world New York, London, Paris, Tokyo, Los Angles.Branding decision:Branding strategy is one of the most vital decisions taking by marketers. It is a strategy which brings lot of positive feedback for a firm.Brand Elements:Brands elements can play a number of brand building roles. Brand elements are those trademarks able devices that identify and differentiate the brand.Branding strategyMemorable: Every consumers mind catches the brands name. Their short term brand name is easily memorable for consumers.Meaningful: Every consumer has a clear meaning about sunsilk. Consumers think sunsilk as a product which solve their problems relating with hair.Likable: It is found that most of the people like the brand verbally and visually.Protectable: The brand is legally and competitively protectable. The brand retain their trademark rights and not generic.Target market for sunsilkSunsilk target its market on the basis of consumer buying behavior, income level and purchasing power of consumer. Quantity of the product changed according to the income and purchasing power of buyer.Price:HUL claims to practice value based pricing in which the customer perception of the product price provides a starting point for developing the marketing mix of the product. This price is using the focus groups. Sunsilk is also available in Rs 45 & Rs 169 bottle to cater to the demands keeping in mind the wants of this particular segment. When initial price is determined, HUL then uses target costing in order to achieve the required profit.Promotion:Build top of the line consumers awarenessCreating personality of the brandSunsilk advertising objectives since it was being re launchedTo increase the usageConditioning the benefitsPromotional strategyInnovative campaigns were launched to attract women to the brandSponsored short films that were broadcast during popular television showsMedia platform usedPrint media usedFree sample distributionsHoardings SponsorshipsEnhancement of product mixNew product formulation to fulfill the consumer demandsAdvertising Methods adopted to promote the brand name of sunsilkActresses as spokespersonCo marketingSponsor for fashion showsMedia audience:FemalesHigh educated women’sMiddle high income femalesAdvertising strategy:A product particular strategy also depends on the level of competition involved in each product. Unilever seeing the trend change so sunsilk advertising strategy designed according to functional basis. Unilever evaluates the product present position in a market, the promotion objective wants to achieve and the level of competition involved. Sunsilk has come up with the new promotional campaign GOOD HAIR DAYS in six major cities in calibration with famous hair stylist of the countryAdvertising evaluation:Unliver also carries out on extensive evaluation process. Targeting audience rating points are used to evaluate a product. Households are monitored in various cities to get consumers response and feedback. Weekly figures are presented by research departments.Place:Distribution objective to reach as many towns and villages as we can. Unliver in Pakistan uses a 150 distributors whose function is sell to wholesalers directly. There are different distributors for different areas. They carefully selected and evaluated on daily basis. Sunsilk has a very good distribution network all over the world. They have struggled hard to adopt such channels that guarantee the perfect results regarding the placement of the product.These distributors are given clear instructions regarding the selection of retailers and to make sure that the retailers:Knows about the characteristics of the productPlace the product along with its major competitors P & GDisplay the product distinctlyThese distributors contribute to the promotion of sunsilk by word of mouthOutlets, RetailersMarket Situation AnalysisPEST Analysis:Political Analysis:Political factor has a great impact on a company’s future plans and strategies. These effect on the ground of different functional areas like operation, cost and the main focus of the company like assessing the need of a product.Pakistan’s political environment is stable. Ups and downs occurs in every political environment but as far as the Sunsilk is concerns in the boundaries of Pakistan it don’t have much impact because it is a consumer product and it has the same effect as other rivals had and this will not lead to Sunsilk out of business or competition.Economical Analysis:Economic condition of Pakistan is not much favorable as it is in the developed nations. The main reason is the poverty level and low per capita income of people of Pakistan. That’s why Pakistan is mainly relying on foreign aid as well as suffering from a huge burden of debt.Social Analysis:Pakistan is accepting a great change in its socio culture environment. As level of education increasing the life style of people is also changing. World is becoming a global village and information is accessible to the general public and they are now relying on quality so there life style is changing.Technological Analysis:Technology plays a vital role in development of a firm. It include information technology, innovation in production and research &development etc. While we talk about Pakistan we see that Pakistan is not as much advanced in technology as the developed countries are but still Pakistan is seeking new opportunities.SWOTStrengths:Brand of a well known company of the world UnileverAdvanced technology in productionSkilled workersProvide hair protection and other hair issues resolving Target market is well educated and well aware of productHigher or middle class targetedDistribution system is very goodStrong research and developmentGood communication systemWeakness:Strong rivalryAlternatives are availableConsumer is price conscious Strong promotional activities from competitionCultural appeals are not present in addsOpportunities:Focusing on rural areaAdvertisement channels are increased ie internet and social networksPopulation is increasing so great number of consumer will b availableCreate market spaceDifferent shampoos have different benefits so providing all benefits in one shampooThreats:Economic factors in Pakistan Rumors in general publicStrong competitors Globalization Smuggling Competitive Environment and Market AnalysisWhile we see the competitive environment and the market we found two types of competitors. Direct CompetitorsIndirect CompetitorsDirect competitors are those who are competing in term of product category these include Pentene, Head and Shoulders etc. The direct competition is having a part of 75 % in over all competitive environments.Indirect competitors are those competitors that share a small number of competition. These are basically the substitutes of the product. These include soaps and non branded shampoos. The share of indirect competition in the market is 25%.Core Competitor of Sunsilk:Pentene:Pentene is product of Proctor and Gamble Pakistan Ltd the main competing company of Unilever Pakistan Ltd. According to a surveys of retail stores sale of pentene is more than 75% then Sunsilk.What company should do?Making the company as a market leader contains different strategies. In these conditions our responsibility is to create the mindset of the consumer. Looking the weaknesses of the competing company and working on the basis of them by introducing and developing new innovation in sunsilk.As it is the general perception of the consumers that P&G products use harmful chemicals and it may cause of hairfall and other problems with hairs. Sunsilk should work on low potency chemicals and introduce the formulas that can save the hairs and that P&G is not producing.Situation Analysis:In situation analysis of sunsilk we will see the 3 panyCompetitorsCustomersCompany:Sunsilk is the brand of Unilever Pakistan. While looking at the company we see that Unilever has different areas to work like accounting, finance, marketing and production. In production Unilever produces food, home and personal care products. Unilever not only provide the products but also provides the information regarding health and nutrition.The main focus of Unilever is the one that is Customer Satisfaction. In Unilever suppliers are considered as the partners of the organization so there is a mutual relationship between suppliers and the company that is beneficial for both. Unilever is ruling world market with share of 70%.Competitors Analysis:The main competitors of the sunsilk brad are the P&G product Pantene and head and shoulders. But other competitors are Bio Amla in rural areas only. In urban area where Sunsilk face competition with Pantene, Sunsilk is challenger in the market because p&g product captured a lot of market due to a great deal of advertisements. While on the other hand in rural areas Bio Amla is just competing with that it is less costly but still Bio Amla quality is far away from Sunsilk.Customers Analysis:Sunsilk has different product categories that include Sunsilk Hair Fall Solution Shampoo, Sunsilk Dream Soft and Smooth Shampoo, Sunsilk Lusciously Thick & Long Shampoo, Sunsilk Stunning Black Shine Shampoo, Sunsilk Damaged Hair Reconstruction Shampoo and Sunsilk Anti-Dandruff Solution Shampoo. In Pakistan and Asian countries Sunsilk Black Shine Shampoo demand is more than the demand of other categories. Pool of customer’s preferences is as petitive strategy and advantagesDefinition of strategic objective:The sunsilk shampoo aims at fulfilling the needs of its target market by offering high quality assesmement of the concept in terms of its acceptability, credibility and perceived benefits that is prefers a healthy choice shampoo alternative to the targeted consumer. The theme of the product shall be anchored around the motto. Expending the total market:Sunsilk is very sensitive to increase its market. It’s sometime very challenging for a firm to expend its total market. Sunsilk basically wishes to increase new customer and more usage.New customers:Sunsilk trying to attract buyers who are unaware of the product or who are resisting it because lack of such features. Sunsilk using market penetration strategy. New market segment strategy and geographical expansion strategy for searching new consumer. Very attractive advertising and other propositional activities perform a vital role in this case.More usage:Sunsilk recently increase the amount, level and frequency of consumption. It is also improves packaging and redesigns the product. It offers larger package sizes and makes the product more available. They emphasize more on marketing program, which inform the consumer about the brand and it frequently develops the product which also spurs new munication Tools of Sunsilk There a number of ways to advertise both local and global brands in the market. Some of the common means through which advertisement is done include:Print mediaElectronic mediaBill boardsFree samplingAdvertising allianceSponsorshipsPrint Media:Print Media advertisement is one of the common ways of advertising. The print media including the magazines, newspapers and brochures are relied upon a lot. In print media, the importance of placing the advertisement plays an imperative part in increasing the sales of the product.Electronics Media:Electronic Media has been the major factor in determining the global success of Sunsilk. In today’s world where an average middle class individual has access to 30 to 40 channels through the cable minimum, he have the ability to view different types of advertisement just flipping the channels. Thus the consumer of today is so well posted on the fact that whenever a new product is launched, is it in the United Kingdom or in States, a consumer living in Asia would be well aware of the features of the products and he would know who the company is targeting.?Billboards:Billboards have become one of the most influencing ways to advertise in our world. Everyone can see a whole advertisement like you watch on your own televisions or the type of moving and animated type of advertisements that you can see on the billboards happen to be very much in fashion. Sunsilk also has nearly all of its products on the?billboards when either it’s launching a new ad, coming up with price promotions or re launching any product.? Giving out free Samples:When the new Sunsilk Black was introduced, what the company did was, to create awareness amongst the youth they went to schools and colleges and distributed free samples of the?products and gave out little brochures which told the qualities that the product had and the?proper method of getting a black and shiny hair look.BrandingBranding strategy firm: The branding strategy for a firm reproduce the number and nature of common and different brand elements applied to the different product sold by the firm. Branding strategy involves deciding the nature of new and existing brand elements to be applied to new products.Brand decisions:Brand strategy is one of the important decision making by marketers. It’s a strategy which brings much positive feedback for a firm. The first decision is whether to develop a brand name for a product .now today branding issue a force that hardly anything goes unbranded , unilever follow individual name for setting brand name for their different products .like sunsilk shampoo , ponds, fair &lovely . Unilever get a major advantage of an individual name strategies that a company does not tie its reputation to the products .if any brand fails or appears have to low quality the company names or images are not effect and hurt.Brand elements:Brand elements can play role a number of brand buildings .brand elements are those trade mark able devices that identify and different the brand .most strong brands employ multiple brand elements.Market choose brand elements to build as much brand quality as possible .brand element such as possible memorable, meaningful ,likeable ,adaptable and protectable .we describe those element in short there are followingMemorable ; Every consumer mind catch the brand names .the marketing program set the brand name in consumer mind .the short brand name such as dove ,pond, sunsilk are very easily memorable.Meaning-full:The meaning must clear about the product. Consumers think this product sothe problem of hair or related with its problems’.Likeable Through research we find many people who like the brad verbally and visuallyProtectable The brand name is must legally an competitively protectable.The brand retain the trade mark rights Adaptable very different pack size and new formulas are easily accepted by consumer. The brand name and product easily acceptable in the market . avoid the wrong or inferior name.Target Market of SunsilkThe main target market of sunsilk is female which age between 16 to 40 and which belong to love and middle classes .but in the promotional activities they are covering the whole market. sunsilk target its market on the basis’s of consumer buying behavior ,income level ,and purchasing power of people .for which quantity of product can be changed according to the there income and purchasing power of consumer as in case of sunsilk 120ml and5ml packs are also available which target to low income groups. Market segmentation different needs, characteristics or behavior who might require separate products or marketing mixes.Step in market segmentationmarket segmentation1 identify on the basis for segmenting the market2 develop segment profilesTarget marketDevelop measure the segment attractivenessSelect target segmentMarket positioning1. Develop positioning for the target segments2. Develop a marketing mix for the each segmentVariables for segmenting consumer market1 geo graphics segmentation;Nation,states,regions,cities,largestdisplay store in Dhaka,medium in Chittagong,small in rajshahi2 demographic segmentation;Age,gender, family-size and family life cycle,income,occupation, education and religion,race,generation and nationality.Mostly popular and widely used bases.3 psychographics segmentation:Social class,lifestyle or personality characteristicsRequirements for Effective SegmentationTo be useful market segments must be:Measurable: size, purchasing power, and profiles can be measured. Scattered customers difficult to be measure.Accessible: the effectively reached and served. Substantial: large or profitable enough to serve. Differentiable: conceptually distinguishable and respond differently to different marketing mix elements and program. Actionable: Sufficient resources, marketing capabilities I.e. effective marketing programs can be designed for attracting and serving the segments. Staff limitationTarget Marketing: evaluate and selectThe process of evaluating each market segment’s attractiveness and selecting one or more segments to enter. Evaluating market segmentsThree factors:Segment size and growth: right size and growth. relative Segment structural attractiveness: strong competitors, substitute products, power of buyers, powerful suppliersCompany objectives and resources: make sense for long run objectives and have required resources. Target Marketing: evaluate and selectSelecting target market segmentsTarget marketing strategies:Target broadly (undifferentiated / mass marketing): ignore market segments, go after the whole market with one offer. Coca-Cola , keep down cost Differentiated marketing: target several market segments and designs separate offers for each. GM (cars for every “purse, purpose, personality”); P&G – more total market share. Increase cost Concentrated (niche) marketing: large share of one or a few segments or niches, ignored by larger competitors. limited resources, gain operating Economies through specialization. Porsche – sports car market, Volkswagen – small car market. Target Marketing: evaluate and selectSelecting target market segmentsTarget marketing strategies (continued):Micromarketing: tailor products and marketing programs to the needs and wants of specific individuals and local customer groups. 1Local Marketing: local customer groups – cities, neighborhoods, Retailers. Customize each store’s merchandise and promotions. 2Individual Marketing: individual customers. Dell computer.Marketer's success in influencing purchase behavior depends in large part on how well they understand consumer behavior :?Marketer's success in influencing purchase behavior depends in large part on how well they understand consumer behavior FACTORS INFLUENCING CONSUMER BUYING PROCESS CULTURECulture Subculture Social Class Elite and Rich Upper Class Upper Middle Class Lower Middle Lower Class ?SOCIAL:Reference group Opinion leaders Roles and status Family Decision Making The initiator The information provider to The influencer The decision maker The purchasing agent The consumer PERSONAL: PERSONAL INFLUENCES Age and Lifecycle stage Occupation Economic Situation Personality & Self-concept LIFESTYLE IDENTIFICATION Activities Interests Opinion PSYCHOLOGICAL Motivation Perception Learning Beliefs & Attitude and behaviorPROBLEM RECOGNITION INFORMATION SEARCHALTERNATIVE EVALUATION POST PURCHASE EVALUATION PURCHASE DECISION Motivation Perception Attitude Formation Integration Learning PROBLEM RECOGNITION :?PROBLEM RECOGNITION Out of stock Dissatisfaction New needs and wants Related products/ purchases Market induced problem recognition New products INFORMATION SEARCH :?INFORMATION SEARCH Personal sources Marketer-controlled sources Public sources Personal experience ALTERNATIVE EVALUATION :?ALTERNATIVE EVALUATION criterion: Functional consequences Psychological consequences PURCHASE DECISION :?PURCHASE DECISION Purchase intention What to buy When to buy Where to buy How much money to spend Actual Purchase POSTPURCHASE EVALUATION :?POSTPURCHASE EVALUATION Is important because the feedback acquired from actual use of the product will influence the likelihood of future purchases Marketing Mix:Product:Sunsilk shampoosDream Soft and SmoothStunning Black ShineAnti – Dandruff SolutionHair Fall SolutionLusciously Thick and LongThe main target market of sunsilk is females between the age of 16 to 40 years belonging to lower and middle income groups but promotional activities cover the whole classes.Sunsilk exist in pure competition. The major competitor of sunsilk in rural areas is BIO AMALA and in urban areas is Head & shoulder. The Bio Amla shampoo is offer in low price so attract the rural areas customers. In urban areas sunsilk acting market challenge with head & shoulder. Sunsilk has got the advantage of keeping their prices lower than P&G but P&G has capture.Price:Unilever claims to practice value based pricing in which customer perception of the product price provides a starting point for the developing of product mix of the product. The sunsilk sachets price is 3 rupees shows how the price also reflect the convenient for consumer. Price 150 for 200mlPlace:Sunsilk target both urban and rural areas. Unilever introduce a smaller (100ml) for lower income groups and rural areas.People: Sunsilk target especially young girls and women’s age between 16to 40year.Sunsilk increase the promotional activities and direct compete with competitor.Packaging:The packaging design for new sunsilk range is exciting and makes the brand look modern and contemporary. This new range has clearly identified there is a separate product for each hair type.3800475-66675Sunsilk Softening Anti- Dandruff Shampoo:Sunsilk black shine shampoo36099751523365Sunsilk long and strong shampooSunsilk soft touch shampoo152400326390Promotional planSunsilk advertising objectives since it was being re-launched were:To increase the usageConditioning benefitsMakes the hair clean and shinyFeeling of freshnessUnique range for every hair typeUnilever believes that message about product delivered source must be persuasive. Nabila is recognized and high qualified hair stylist is used by sunsilk in its ads because they want to bring out an expert image. Sunsilk held an event in 6 big cities in Pakistan collaboration of famous hair stylist. Advertising activity:Internet, TV, Fashion Magazine, bill boards etc.Direct Marketing activity:Catalog marketing will be used, direct mail also considerable.Online Marketing:Unilever website used to provide online purchase facility.Events Activity:Different fashion shows and hair treatment programs held for create the awareness for product. Hair stylist makes effective promotion activities.Sources: ................
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