This presentation is based on Dove and explores the concept of brand extension. It covers segmentation, targeting and positioning, Ansoff's Matrix, and PESTLE analysis. The presentation discusses how Dove utilizes its well-developed brand image to promote goods in different categories.
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Brand Extension
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Table of content Introduction Segmentation, targeting and positioning Ansoff's Matrix Pestle analysis CONCLUSION
INTRODUCTION Brandextensionismarketingapproachinwhichcompany promoting goods with well developed image utilise similar brand name in different good category. This presentation is based on Dove. It will explain the segmentation, targeting and positioning, Ansoff's Matrix and PESTLE analysis of business environment.
Segmentation, targeting and positioning Segmentation: Company can determine niche with specific wants, mature markets to discover consumers, deliver more focus and effective marketing information through segmentation. In the segmentation, various sections involves demographics, psychographics, geography, lifestyle and so on. Dove introduce Sun lotion in the market. Targeting Company target the 18-25 age group, female for selling the Sun Lotion within the market. Female are more conscious about their skin, so that it is beneficial for company in relation to increase the sales of new good in the market.
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CONTD..... Positioning It includes applying the targeting. Company make efforts to target the more and more consumers for creating position within the market as compare to competitors. High positioning aid to increase the sales and brand image in the marketplace. Highly targeted consumers aid to make positioning in the marketplace.
Ansoff's Matrix This matrix is presented growth strategy for company. In this matrix, there are four combination which aid to targetexpectedconsumersandgoods.Four combinations are Market Penetration: In this strategy, company sell existing goods in the existing market for accomplish growth and increasing the market share. Product Development: In this strategy, company seek to develop the new product for targeting to its existing market segments. For example: Dove introduce Sun Lotion in existing market which can aid to increase the market share and profits.
PESTLE ANALYSIS Dove is personal care brand operated by Unilever growing in the UK. Now, company introduce the new good that is Sun Lotion within existing marketplace. Therefore, they needs to determine all external factors which effects on operations of company. Political Factor: The political stability is highly effected on operation in relation to introduce new product in the existing market by Dove. This impact in market share and sales of company in existing market. Economic Factor: It includes inflation rate, interest rate etc. For example: If the inflation rate will increase so that consumers does not purchase new product in the marketplace. This impact in market share and sales of company in existing market.
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CONTD.... Social Factor: Changes in consumer taste and preferences will be effected on company operation in to introduce new product in the existing market by Dove. This impact in market share and sales of company in existing market. Technological Factor: Technological innovation, research and development actions will be highly effected on operation of Dove in relation to introduce new product in the existing market by Dove. This impact in market share and sales of company in existing market.
REFERENCES Ferguson, G., Lau, K. C. and Phau, I., 2016. Brand personality as a direct cause of brand extension success: does self-monitoring matter?.Journal of Consumer Marketing. 33(5). pp.343-353. ALAVI,S.andKHODADADE,S.,2017.INVESTIGATING THEEFFECTOFBRANDIDENTIFICATIONON SUCCESSFULBRANDEXTENSION:ANALYZINGTHE ROLEOFBRANDLOVE,BRANDCOMMITMENT,AND BRAND LOYALTY.\