This presentation discusses the international business plan for Dove Soap, including background, key points analysis, management style, historical strategies, success and failures, recommendations, and references.
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International Business Plan TASK 1
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Table of Content Introduction Background of the brand and product Key points analysis Management style Historical strategies Success and failures Recommendations Conclusion References
Introduction Internationalmarketoffershuge opportunities for business to grow their business and make a strong position in the competitive market. Therearedifferentwaysthrough whichorganizationscanbecome globalised.
Background of the brand and product Unilever is a British-Dutch company having its business in international markets. The headquarters in London, United Kingdom and Rotterdam, Netherlands. It deals in cleaning agents, beauty, food, beverages and personal care items. In the context of this report, the product chosen is “Dove Soap” which is one of its successful product in beauty products. It is manufactured in many different countries. It is sold in about 150 countries and are offered for men, women and babies.
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Key points analysis Key points affecting the business have been discussed below: Financial position:Dove soap has a strong financial position in the industry as its has sufficient financial resources with effective strategies for allocation of the funds. Pricingstrategy:Unileverfollowsa competitive pricing strategy for Dover soap. Competitiveadvantage:Unileverisa successful brand because of products like Dove which is always in high demand. Market share:The market share of Dove soapissignificantinmanydeveloped, developed and developing countries. Brand recognition:It is a famous brand which has been recognised in variety of countries.
Management style Management is crucial for the managing the employees within the organization. This is done for maintaining co-ordination among all the units working in an entity. There are various styles which is applied by leadersfor handling the employees at the workplace. On talking about the leadership/managementstyle,Unileverhasfolloweddifferenttypesofstylesforeffective management of people working in the company. It has used autocratic when conducting business within domestic boundaries. With the expansion at international level, it changed leadership style to democratic wherein parties in concerned companies were free to decide their own policy for high selling of Dove soap.
Historical strategies Earlier, Dove was not as popular as it is in the current scenario that also at global scale. The position of Unilever specifically this product is achieved with the appropriate strategies. These have helped it gainingapositionwhichhasresultedinmany positiveresults.Dovefocusedonfollowing different kind of legislations and rules on it in all those countries in which it has its operations set up.
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Success and failures Dove soap has seen ups and downs in its journey till this date. The positive or success were in the form of world recognition. This was achieved when it used real women in the advertisements instead of celebrities or models. This changed the definition of beauty which further attracted huge number of women to use this soap in a their routine. With this, it receipt awards, appreciation and even free media exposure. These kinds of initiatives has made it reach the level of successful product list in international market.
Recommendations The product is doing good in the globalised markets. However, it should acquire small scale companies in Venezuela to form its own retailer and wholesale outlets. For which it can raise funds from existing shareholders and obtain loan from banks or financial institutions. Setting up stores in a whole new country where shortage of beauty products has been noticed will require sufficient amount of funds. Furthermore, it should focus on acquisition of those brand which are already established. This will help it form its place of business without much hindrance. In this way, it can sell its products in physical shops to huge number of customers.
References Abdelal, R., Blyth, M. and Parsons, C. eds., 2015.Constructing the international economy. Cornell University Press. Pour, S., Bakhshizadeh, A. and Barati, E., 2012. An empirical study to measure the relationship between management style and conflict management.Management Science Letters. 2(6). pp.2249-2254.Financial positionofUnilever.2018.[Online].Availablethrough: <https://www.unilever.com/investor-relations/annual-report-and-accounts/>. Unilever'sstrategy.2019.[Online].Availablethrough:<https://www.unilever.co.uk/about/who-we-are/our- strategy/>. SuccessandfailureofDovesoap.2019.[Online].Availablethrough: <https://www.prweek.com/article/1582147/doves-real-beauty-campaign-won-nearly-lost-its-audience>.
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