Comparison of Marketing Mix between Head and Shoulders and Pantene
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This report compares the marketing mix of Head and Shoulders and Pantene, including product, price, place, and promotion. It also analyzes the target market of both brands and provides recommendations for each.
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4P MARKETING MIX_ COMPARE BETWEEN TWO BRANDS
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EXECUTIVE SUMMARY The marketing mix is defined as the combination of different factors which supports the selling of the product and services within the competitive market. It is very necessary for the company to have an effective and efficient marketing mix as it includes the decision of what product to bring in the market, what price needs to be charged form the consumer and in what way. Also, it includes how to provide the goods and services to the ultimate consumers and also how the promotion of the products and services will take place by the company.
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Comparison of target market..................................................................................................3 Marketing mix........................................................................................................................5 CONCLUSION................................................................................................................................7 RECOMMENDATIONS.................................................................................................................7 REFERENCES................................................................................................................................9
INTRODUCTION The marketing mix is a combination of different factors and component which are used by the company in order to influence and encourage consumers to buy the product and services (Fan, Lau and Zhao, 2015). This is very important for the companies to have very effective and efficient marketing mix because the competition is also tough and to overcome this company needs to have an appropriate marketing mix. The present report is based on comparison of two different companies that is Head and Shoulders and Pantene Lady’s Shampoo. Both the companies are the competitor of each other and that is the reason of choosing these two strong competitors for the comparison of the marketing mix. In the present report first the analysis of the target market of both the shampoo brand will be done. And in the next segment the comparison of all the elements of marketing mix will be done that is product, price, place and promotion. MAIN BODY Comparison of target market Analysing the target market is very necessary for the company in order to know its position withinthetargetmarket.ForanalysingthismodelofSTPisappliedwhichincludes Segmentation, Targeting and Positioning. The STP for both the companies is as follows- ElementsHead and ShouldersPantene Lady’s SegmentationThis is defined as dividing the consumers in certain group on thebasisofsomecommon characteristics. This is done in order to group the consumers togetherandthishelps companyinfocusingthat particulargrouponly.The segmentation used by Head and Shoulders is geographical and demographic(Datta,Ailawadi and Van Heerde, 2017). This The segmentation strategy usedbyPanteneisthe psychographicand behavioural. This has been optedbythecompany because of the reason that everypersonisdifferent andtheirhairtypesare also different and thus the companymainlyfocuses ontheneedsand requirements of the person
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has been used by the company asthissegmentationhelpsin covering large areas at the same time. accordingtotheir behaviour and psychology (Sulaiman, 2016). TargetingThis is defined as targeting a particulargroup of people so thatthemainfocusofthe company is on those consumer groups only. The target market is the specific segment of the society for which the product is made. The major target of Head andShoulderisthefemales. This is majorly because of the reasonthattheyarevery conscious about their look and in look the first thing comes are the hairs. The major target group for Pantene is the females and in females also the main focusisontheworking females.Thisismajorly because of the reason that these people do not have much time to give to their appearance and for this the companyhasprovided muchproductrangefor such target group (Bahadir, Bharadwaj and Srivastava, 2015). PositioningPositioning refers to as the act of position the product in the eyes of the consumers. This is very necessary because of the reason that if the product is not placedcorrectlythenthe consumers will not know about the features of the product in the correct way (Shaw, 2016). Thepositioningstrategyused by Head and Shoulders is the functionalpositioningthatis the company mainly focuses in For the competitor that is Pantenethepositioning strategy is the experiential position. It means that the company majorlyfocuses onthefactthatthe consumersmustfirst experience the product and thenmustdecidethat whethertheproductwas useful or not.
the functions of the product to attract the consumers. Marketing mix The marketing mix is defined as the art of placing the right product in the right place and along with right prices so that it attracts more of the consumers and the sales of the company increases. (Stead and Hastings, 2018) The marketing mix is a very important aspect in the success of the company. The underlying reason is that if the product is not placed correctly then there will not be any success. Thus, the comparison between the marketing mix of two brands that is Head and Shoulders and Pantene is as follows- ElementsHead and ShouldersPantene Lady’s ProductTheHeadandShoulders provideawidevarietyof products. Theproduct hereis theshampooonlybutthe variety pertains to the different options and flavours which are added in the shampoo for the different person such as anti hair fall,anti-dandruff,menthol, hairrejuvenatingandmany others (Išoraitė, 2016). Similarly, Pantene is also havingawiderangeof products that is variety of flavours and choices in the shampoo.Thisismainly focussed by the company because everyperson has different types of hairs and theirrequirementof shampooisdifferentand thisgivesPantenean opportunitytodevelop different type of choices for cateringtotheneedsof differentpersonand consumers. PriceThe pricing strategy used by the companyisthepenetrating pricing(Massinghamand Pomering, 2017). This is used The pricing strategyused bythiscompanyisthe competitorspricing strategy. Under this type of
by the company because of the reason that this strategy helps thecompanyinpenetrating withinthemarket.Herethe company first start the product withlowerpriceandthis strategyhelpsthepeoplein getting used to the product and after that the company increases the prices of the product slightly andthislittledifferencedoes not affect the consumer. strategy first the company analyses the strategy of the competitors and then they designtheirownpricing strategykeepinginmind the strategy of other similar business. PlaceThe place of the product is both that is physical stores and also theseproductsaresoldwith help of wholesalers and other intermediaries. This is because ofthereasonthatthe intermediaryhasstrong channels of distribution which is beneficial for the company to expand the market. Theplaceofdistribution for Pantene is the physical stores and the online mode of selling. This is majorly because of the reason that onlinepurchasingisvery muchintrendandthis needs to be followed to be in the intense competition (Sinapuelas,Wangand Bohlmann, 2015). PromotionThis is the most essential part of themarketingmixwithout whichthecompanycannot succeedinitsbusiness.The promotionalstrategyusedby HeadandShouldersisthe advertisement in television and also online. The major focus is The promotional tool used bythiscompanyisthe onlinemarketing.This marketing is done with the help of theadvertisement providedonthedifferent socialmedianetworking sitessuchasFacebook,
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onthetelevisioncommercial featuring big celebrities. This is majorly because of the reason thatthisattractsmoreofthe consumersandmostofthe females are non- working and thetelevisionisthemost common thing which they do most (Ramaniand Srinivasan, 2019). Instagram,Twitterand many other different social mediaplatforms.Thissi used majorly because of the reasonthatthisattracts more of the consumers at a single time and involves a lesscostascomparedto other marketing tools. CONCLUSION From the above study it can be concluded that for running the business successfully in the highly competitive market it is very necessary for the company to use an effective marketing strategy and marketing mix. Along with the marketing mix it is also essential for the company to use an effective STP because this is base for marketing mix. This is majorly because of the reason that the STP first outlines the target market and then only keeping the target market in mind the other strategies that is what price to be levied, which ways of promotion to be used to attract the target market is decided. The present report first compares the STP of both the companies that is Head and Shoulder and Pantene. In the next the comparison of both the companies marketing mix is done to identify the different strategies used by the company to sell their product. RECOMMENDATIONS The major recommendation for Head and Shoulders is to give more focus on the online method of marketing. This is majorly because of the reason that there is a great influence in the online marketing over the consumers. It is so due to the fact that the people use much of the social media networking sites and this can increase the consumer base for the company. Another recommendation for Pantene is to use the price skimming method of the pricing. This is because of the reason that under this pricing strategy the company first sets a high price and then lowers the prices eventually. This sis done because of the reason that high prices attract the high income group and when the high income group is attracted towards the product then the
company lowers the price to attract medium class people and after catering to the needs of this group the further price is dropped.
REFERENCES Books and Journals Bahadir, S.C., Bharadwaj, S.G. and Srivastava, R.K., 2015. Marketing mix and brand sales in global markets: Examining the contingent role of country-market characteristics.Journal of International Business Studies.46(5). pp.596-619. Datta, H., Ailawadi, K.L. and Van Heerde, H.J., 2017. How well does consumer-based brand equity align with sales-based brand equity and marketing-mix response?.Journal of Marketing.81(3). pp.1-20. Fan, S., Lau, R.Y. and Zhao, J.L., 2015. Demystifying big data analytics for business intelligence through the lens of marketing mix.Big Data Research.2(1). pp.28-32. Išoraitė,M., 2016. Marketingmixtheoreticalaspects.InternationalJournal ofResearch– Granthaalayah.4(6). pp.25-37. Massingham, P.R. and Pomering, A.A., 2017. Introducing Knowledge Management to the Marketing Mix. Ramani, N. and Srinivasan, R., 2019. Effects of Liberalization on Incumbent Firms’ Marketing- MixResponsesandPerformance:EvidencefromaQuasi-Experiment.Journalof Marketing.83(5). pp.97-114. Shaw, S., 2016.Airline marketing and management. Routledge. Sinapuelas, I.C.S., Wang, H.M.D. and Bohlmann, J.D., 2015. The interplay of innovation, brand, and marketing mix variables in line extensions.Journal of the Academy of Marketing Science.43(5). pp.558-573. Stead, M. and Hastings, G., 2018. Advertising in the social marketing mix: getting the balance right. InSocial Marketing(pp. 29-43). Psychology Press. Sulaiman,J.A.,2016.THEINFLUENCEOFMARKETINGMIX4AANDHEALTH CONCIOUSNESSTOWARDSETHICALCONSUMPTION(Doctoraldissertation, President University).