Principles of Marketing: A Case Study on Dove Industry
Verified
Added on ย 2023/06/15
|19
|1935
|398
AI Summary
This presentation discusses the principles of marketing and how Dove Industry has successfully implemented them. It covers topics such as brand values, new product development, target market determination, and PESTEL analysis. The presentation also includes a marketing mix comparison between Dove hair oil and L'Oreal Paris.
Contribute Materials
Your contribution can guide someoneโs learning journey. Share your
documents today.
Principles of Marketing
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENT ๏INTRODUCTION ๏MAIN BODY ๏BACKGROUND ๏COVERAGE OF THE EXISTING BRAND VALUES SUPPORTED WITH UTILIZATION OF VISUAL EXAMPLES ๏DESCRIPTION OF NEW PRODUCTS AND WITH GROWTH STRATEGY APPLY AND USES BY BRAND ๏DETERMINATION OF THE PROPOSED TARGET MARKET FOR THE NEW BRAND EXTENSION ๏CONCLUSION ๏REFERENCES
INTRODUCTION ๏Principles of marketing refers to includes activities which useful or beneficial for product promotional aspect, analysis of customer demands and influence business activities for revenue generate with application of multiple applications. ๏Marketing activity play major role when business decide to involve and develop new products for business efficiency development and for customer needs satisfaction . ๏Dove is all above personal care service distributor industry in multiple countries.
MAIN BODY Background MAIN BODY Background ๏Its essential to evaluate and determine activities of company and their performance for new practices involvement in business because without effective considering of existing organization performance its not easier to determine that which product and service engagement in useful and provide benefits. Dove industry has captured successful and effective position in personal care product in various countries because of its quality and brand position. It covers 24% market share in personal care services.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
COVERAGE OF THE EXISTING BRAND VALUES SUPPORTED WITH UTILIZATION OF VISUAL EXAMPLES ๏Brand value:It determines that which essential product services provide this company and specific massage to influence people attraction towards with the business product. ๏Dove industry brand manager and advertising experts, team members consider that they mainly use and provide product massage throughout women empowerment, self confident and individual skin colour has different and they do have to love their own skin colour donโt consider to change .
CONTINUE.. ๏Advertising campaigns ๏This company firstly consider promoting their brand with television advertising approach because most of the people watching shows on it and from the attractive advertising people get influence by and they knowing about product and services. ๏Promotion and effective market is only develop when company consider to involve effective practices of marketing and Dove brand consider that they mainly uses television advertising approach because its best and most sustainable approach for distribution of overall products and brand information to audience with effective massage.
DESCRIPTION OF NEW PRODUCTS AND WITH GROWTH STRATEGY APPLY AND USES BY BRAND ๏From the identification of customer requirement throughout the application of market research its easier to develop changes and added some new things on business because its useful for product selling activity. ๏Consideration of this aspect Dove brand industry management members also decide to engage new product which has power to influence customer attraction and on its mainly develop by market research and customer feedback identification and collection.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
CONTINUE.. ๏Ansoff matrix for growth development strategy in business ๏Market penetration: ๏Addition of effective approaches for increasing in selling activity in existing market for survives in competitive industry is all above refers to marketing penetration. ๏Dove brand has effective and quality of name which is useful and it easily attract audience attraction.
DETERMINATION OF THE PROPOSED TARGET MARKET FOR THE NEW BRAND EXTENSION ๏ ๏Primary research:One of the most effective technique for customer review identification, audience perspective evaluation and many more. Perfect and effective utilization of this term defiantly gives effective information for long term growth dvelopmeenet in business. ๏Survey and research with questionnaire research method ๏Application of target market research or product development requires research approach. Because it has potential to provide suitable and sustainable information from customer or target audience that new product has capability and people require this product or not. Confirmation from audience reviews provides better idea about new decision-making.
Key trends and PESTEL issues that have influenced your choice of brand extension idea. ๏Pestle analysis model helps to examine the external factors of the environment such as political, social, economic, technology, environmental and legal. Here, describing the pestle issues that have influenced the dove brand extension. ๏Political: The first factor determines the concept of political term which includes the tax, tariffs and other government policies which is required to be followed. ๏Looking at the Dove Company, they can obtain the political issues such as government may bring new taxation activities from which the organization has to change and manage their entire revenue generating system of an organization.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Cont..< ๏Economy: The second factor defines the concept of economical factors which includes the growth, unemployment, interest, exchange, wages and rates, minimum wages and hours. ๏As per the context of Dove company, this factor influences the Dove as if a rise of inflation rate of economy will definitely affect the product and service of an organization. ๏Along with this, it also put the impact on the purchasing power and results in the demand for economy models. ๏Social : The third factor is demonstrating the social term which involves the cultural norms, health, population growth, career attitudes and such more.
Cont..< ๏Technology : This factor includes the IT technologies, IOT which is internet of things and deep learning activities. ๏Technological factor will help and support the Dove organization to improve their growth and development by utilizing the IT technologies and internet. ๏Legal : Legal factor contains the legislation, policies and laws, import/export and taxations things. ๏These factor are used to maintain and balance the discipline in the and out of the company which will make a stable growth.
Cont..< ๏Environmental : Looking at environmental issues of a dove organization, it contains the concern regarding the surroundings such as disposal laws, environmental protection laws and energy consumption. The Dove organization canobtain the impact when the organization will not focus on the surroundings and harm the natural environment which will cause them a hug loss of consumer as well from the government authorities. For example: Dove is a company which provides the female body soap majorly. The production of soap does not include any material which harms the environment.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Marketingmix ๏In the comparative analysis, here performing the marketing mix strategy of Dove hair oil and LโOreal Paris which is key competition in the new market sector. ๏Price: The pricing strategy describes the cost which an individual has to pay in exchange for any product and services. Dove company utilizes the pricing strategy where they keep the prices down or affordable so that a consumer will buy and purchase the goods according to their financial comfort zone but on other side, LโOreal company puts the prices of their products at high which makes them look expensive and royal to attract the consumers at a higher scale. ๏Place: Place plays a vital role in the development of the organization or brand. The Dove Company uses the place strategy as they provide their goods and items at different places such as offline and online modes.
Cont..< ๏Product: The product term defines the quality of a material and item which an organization is providing to their potential consumers. Product plays a vital role in the development of organization or a company. ๏Looking at Dove product strategy then, it utilizes the key components such as vegetable oil, synthetic surfactants, and moisturizing creams. ๏Promotion: The promotion strategy will describe the ways of promoting the brand and product. ๏The Dove Company applies the social media platform to advertise their products and brands from which they can approach the consumer. It has been already known that, today in the rapid growing world, the social media is also developing in the definite manner from which the organizations are obtaining the maximum profit.
Cont..< ๏In general, it has already known that when a company extends its brand they decide the different and unique concepts and decision for utilization to help a human creature. The Dove organization wants to extend their hair oil product in the market which can drive the development and growth of a company. The company named their product differently and keeps the name as Daughter hair oil which defines the concept where it elaborates the hair condition and objectives. The dove company also has required selecting the accurate design of their packaging. They decided to provide the hair oil at a spherical shape container covering with a jute cloth bag which is actually determining the unique strategy of packaging. Providing the jute bag as a packaging will also maintain the improvement as an effective environment sustainability and harming the surroundings by utilizing the plastics waste. Looking at the logo factor, the company will apply the creation as the symbol where a mother is massaging the daughter hair. The Dove brand is a part of Unilever Company which provides various material and items but in this report, the brand extension of hair oil has been discussed in the effective way. This hair oil brand is distinct from the current other brands whether at price or product strategy, it is the different item which has to be launched.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Conclusion ๏In this report, it has been concluded that an organization named DOVE wants to extend their brands by launching the hair oil product at the market. ๏It includes the different areas and theories and focuses in the target market to expand the business. Along with this, it also includes the data such as market share and trends. ๏With the help of pestle analysis the organization has met to understand the issues regarding the pestle which can affect the development of the organization in the market. ๏After that, the brief is describing the competitive analysis with the identified brand in the market which can give a competitive challenge and how a dove company can overcome these activities. ๏At last, a visual image has been performed of the mentioned brand about its name, logo and packaging strategy. In conclusion, it has been founded that a company required different strategies and information to understand when they wanted and planning to expand their business by launching any new product and service.
REFERENCES ๏Book and journal ๏Townsend, J., and et.al., 2020. Contraceptive technologies for global health: ethically getting to safe, effective and acceptable options for women and men.Drug delivery and translational research. 10(2). pp.299-303. ๏MulderโNijkamp, M., 2020. Bridging the gap between design and behavioral research:(Re) searching the optimum design strategy for brands and new product innovations.Creativity and Innovation Management. 29. pp.11-26. ๏Engler, D., Cattani, G. and Porac, J., 2020. Studying the incubation of a new product market through realized and alternative histories.Strategy Science. 5(3). pp.160-192.