Table of Contents INTRODUCTION...........................................................................................................................3 Marketing objectives and Strategies.......................................................................................3 Marketing Implementation Plan.............................................................................................6 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Marketing plan is a report that outlines the company strategies to achieve the final aims and objectives. Basically, marketing plan is a kind of roadmap that businesses use to organize, execute and track their marketing strategy over a given period. Present assignment will presenting a marketing plan on Unilever in which the brand will launch new skincare products in Kyoto which is capital of Japan. In order to take care of the human skin Unilever launch the new campaign for its new products which is totally inspired by organic ingredients. Further, in this report will outline about the marketing objectives to enter into the new market. Besides, research will also explains the new market segmentation, differentiation and positioning of the brand in order to engage the high attention of the buyers. Marketing objectives and Strategies. Marketing objectives to enter into the new market Marketing objectives Promote new products or services To target the new customers growth To building the new image and reputation in the market Develop a brand loyalty among the customers. Define the market :Before entering into the new city or country company should clearly define the selected customer attention (Ashley and Tuten, 2015). However, it is very necessary to analyse or determine the needs and wants of the selected market on the basis of some following basis like demographics, location, common interest needs of target customers.For example : Before entering into the Kyoto Market Unilever should required to analyse the customer needs and wants. Perform Market Analysis :Expanding into the new markets market analysis is very necessary and important to determine the new opportunities and threats. You all want to develop an in- depth understanding of market growth rates, forecasted demand and competitors (Beck, Chen, Lin and Song, 2016). In order to conduct market analysis Unilever can take help from the marketing models such as PESTLE analysis and Porter's five forces in order to analyse the market.
In order to enter into Kyoto market Unilever should briefly understand the market of Kyoto through PESTLE model. PESTLE Analysis (Kyoto Market) Political :Kyoto political environment is Monarchy which influence companies profitability growth. Japan political relationship is very good with other Asian countries that helps businesses to get support for running the business (Blakeman, 2018). On the same side, Country also facing disputes in terms of gathering resource oils natural gas, oils, and further marine resources. Unilever can beneficial to explore the opportunity in Kyoto. Economical :Kyoto is the capital of Japan which economical condition is very strong and stable. This comes under the top 5 largest economies in the world. This factor can be beneficial for Unilever in terms of earning customer attention and profitability. But on the same side, Unilever might have facing to recruit quality staff or employees for the company functions due to unemployment rate. Social :Social factor is the another influencing and competitive factor of business environment which have impact on the company in either positive and negative manner. Japan country has consisting 127+million residency (Casillas and et.al., 2018). Unilever can attract huge number of customers towards their new innovation which is Skin care products. Technological :Technological factor has always been proved positive for the organisation which gives several ways of techniques to inspire new market gain. Japan has a advanced technology development tools which creates leading opportunities for the business growth. This factor has provides the good impact on the company sales. Legal :Legal factors of the business environment such as Labour and corporate laws are based on the European system. Company can also find employee laws in any employment contract like working hours minimum wage laws etc. so according to that Unilever should have knowledge to manage the balance between all laws and regulations. In case company fails to abide the imposed laws and regulations (Cawsey and Rowley, 2016). It can be given the negative impact on the company positioning. Environmental :To analyse the environmental conditions of the country Unilever also take consideration with the fact that Japan is surrounded by huge water which sometimes cause tsunamis and earthquakes which might be dangerous for the organisation. However, such situations sometimes make uncertain situations for the business development.
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Internal capabilities :Another objective is to analyse the internal capabilities which is refer by the organisation. In this task company can asked questions to undertake the information that how much they are capable to leverage the profitability growth. This analysis can be done through SWOT (Unilever) Strength Unileverhavingstrongbrandvalue acrosstheworldbecauseofhigh quality maintenance. Unilever also having strong position on global market (Chung and Lee, 2017). It has different kinds of product mix and more business opportunities. Weaknesses Despiteitsstrongmarketposition, Unilever has also define to being the mosteffectivelearningand approachable. Limited business diversification is the weaknessesofthecompanywhich underpin the business less effective. Unilever dependency is based on the retailers. Opportunity Unilevermusttakeadvantageof growth opportunities by launching the new product or services into the new market. Business enhancement for environment al conservation. Threat Tough Competition rivalry is the threat for the company. Product imitation can be threat for the company sometimes which restrict the business gain (Wen and Lin, 2016). Prioritizes and Select markets :Once the business identifies there internal capabilities. It seems to prioritise potential markets for expansion. Markets should be prioritized based on the strategic fit and the ability to serve them (De Mooij, 2018).Like :Unilever planning to open new functioning in Kyoto to target both men or women in order to select the best identification techniques. Develop Market Options :Next step would be taken is to choose the market entry options. For example Unilever further will be taking franchising as the market entry strategies. Target Market segmentation, differentiation and positioning. Segmentation/differentiation
Geographic Segmentation :Segmentation on the basis of geographical manner which is dividing as per the state, regional and national basis. Like Unilever select Kyoto place which is situated in Japan. Demographic Segmentation :Demographic segmentation of customer based on demographic factors. Demographic segmentation has been done on the basis of age, income, purchasing power, etc (Huston, Rahimzad and Parsa, 2015). All such factors should be considered by the organisation as per the require point of view. Like Unilever provides the affordable product or services to their buyers. Psychological Segmentation :Psychological segmentation has been done on the basis of buyers interest, activities, opinions, values. Like before launching new skincare cream company should priorly measure the buyers opinion weather they use organic creams or chemical invested creams to protecting their skins. BehaviouralistSegmentation:Behaviouralsegmentationisbeendoneonthebasisof behaviour of the organisation (Kotler and et.al., 2015). Like user status of buyers, loyalty, readiness to buy, occasion, attitude toward offering. Positioning Positioning is a marketing concept which popularized business and helps to measure its current position in the market. Unilever is positioned for affordable prices with high quality standards. Their main purpose is to provides the product or services to the end consumers (Psacharopoulos and Patrinos, 2018). Marketing Implementation Plan. Marketing Mix Product :Product mix define the company overall products with which they deal with clients. Like Unilever provides categories of foodrefreshment, personal care, home care and water purifier. New product that company will launch in Kyoto is Skin care products. Price :Price mix explains the brand product range like Unilever acquiring below pricing strategy and penetration pricing strategy in order to attract customer attention (Kumar and et.al., 2016). Also prices have been changed as per the marketing conditions sometimes. Company should set low price strategy for the skin care products.
Place :Place should always be convenience for the buyer through they easily access the product or services. Like skin care products is selling by the company through retailers and online marketing. Promotion :Promotional activities support the marketing plan or strategies with the help of different marketing campaign, advertisement etc (Petersen and Pearce, 2017). this also helps to explore the new developing and opportunities and gained. Marketing Matrix Dogs :In this situation the main purpose of the marketing is to advice here is to aim to remove any dogs from the product portfolio as they are a drain on resources. Question mark products :Question mark products are generally having high growth markets with low market share (McDONALD, 2016). However, In order to move product into more popular scale. Company required to push or invest good amount of investment. Stars :Products in high growth markets with high market share. This market is highly profitable for the company growth. Cash Cows :In this market products in low growth markets with high market share. Financial projections FinancialProjectionsalsocalledfinancialforecasting.Inotherwords,financial projection will typically take into account both internal information such as a historical income and cost data and estimates of the development of external market factors. For project results financial projection can be done by different form like project prepared for 12 months, long range, strategic plan, for next five year, cash forecasts etc (Ozawa and et.al., 2016). for example present project will be preparing budget of only one year. Like Unilever invested over€250m in Kyoto market. ExpensesCost in€ Human Resource80 m Franchising70 Raw Material & techniques60 Miscellaneous expenses40 Total250 m
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Estimated Return on investment Rate of return is the outcomes which comes from the investment on the new product or services. Return on investment is a performance measure used to evaluate the efficiency of a number of of different investments (Patrutiu Baltes, 2015). ROI is calculated with the help of (current value of investment, cost of investment and cost of investment). Current value of investment after one year =600 m Cost of investment = 250m ROI= (Current value – Cost of investment/ cost of investment) 600-250=1.4 m CONCLUSION On the basis of above report it has been concluded that how much marketing activities can help to explore the business marketing activities. Further In this study, researcher explained about the marketing with the help of supporting marketing models and applications. The purpose of the study is to developed the aspect of marketing business in order to open up the business into new market.
REFERENCES Books & Journals Ashley, C. and Tuten, T., 2015. Creative strategies in social media marketing: An exploratory studyofbrandedsocialcontentandconsumerengagement.Psychology& Marketing.32(1). pp.15-27. Beck, T., Chen, T., Lin, C. and Song, F. M., 2016. Financial innovation: The bright and the dark sides.Journal of Banking & Finance,72,pp.28-51. Blakeman,R.,2018.Integratedmarketingcommunication:creativestrategyfromideato implementation. Rowman & Littlefield. Casillas, G. and et.al., 2018. Adjusting USD/MXN projectionsamid a more challenging environment. Cawsey,T.andRowley,J.,2016.SocialmediabrandbuildingstrategiesinB2B companies.Marketing Intelligence & Planning.34(6). pp.754-776. Chung, H. and Lee, E., 2017. Store brand quality and retailer’s product line design.Journal of Retailing.93(4). pp.527-540. De Mooij, M., 2018.Global marketing and advertising: Understanding cultural paradoxes. SAGE Publications Limited. Huston,S.,Rahimzad,R.andParsa,A.,2015.‘Smart’sustainableurbanregeneration: Institutions, quality and financial innovation.Cities,48, pp.66-75. Kotler, P. and et.al., 2015.Marketing. Pearson Higher Education AU. Kumar, V. and et.al., 2016. Research framework, strategies, and applications of intelligent agent technologies (IATs) in marketing.Journal of the Academy of Marketing Science.44(1). pp.24-45. McDONALD, M. A. L. C. O. L. M., 2016. Strategic marketing planning: theory and practice. InThe marketing book(pp. 108-142). Routledge. Ozawa, S. and et.al., 2016. Return on investment from childhood immunization in low-and middle-income countries, 2011–20.Health Affairs.35(2). pp.199-207. Patrutiu Baltes, L., 2015. Content marketing-the fundamental tool of digital marketing.Bulletin of the Transilvania University of Brasov. Series V: Economic Sciences.8(2). Petersen, E. and Pearce, J., 2017. Emergence of home manufacturing in the developed world: Return on investment for open-source 3-D printers.Technologies.5(1). p.7.
Psacharopoulos, G. and Patrinos, H. A., 2018. Returns to investment in education. Wen, C. H. and Lin, W. W., 2016. Customer segmentation of freight forwarders and impacts on thecompetitivepositioningofoceancarriersintheTaiwan–southernChinatrade lane.Maritime Policy & Management.43(4). pp.420-435.
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