Comparative Analysis of Marketing Mix of Dove and Baylis and Harding Soap/Hand Wash
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This report provides a comparative analysis of the marketing mix of Dove and Baylis and Harding Soap/Hand Wash. It includes the target market, segmentation, and marketing mix characteristics of both brands. The report also offers recommendations based on the findings.
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Principles of Marketing
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EXECUTIVE SUMMARY The goal of the report, which is based on marketing principles, is to organise comparative research on the target market and conduct marketing mix analysis of two popular brands in the same industry. Dove soap/hand wash and Baylis and Harding soap/hand wash were chosen as the two brands for this report. To do so, the elements of the marketing mix are analysed in terms of soap and the retailing industry in order to conduct a thorough investigation. The paper outlines the target markets of two organisations, as well as different techniques employed by the brands to preserve competitive advantage with various marketing mix characteristics. Recommendations for the detention centre are made based on the findings and summary. 1
Table of Contents EXECUTIVE SUMMARY.............................................................................................................1 INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Aim.........................................................................................................................................3 Research methods...................................................................................................................3 Comparison of the target market (STP)..................................................................................3 Comparison of marketing mix................................................................................................5 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8 2
INTRODUCTION Marketing is considered as the business practice to study, analyse and recognise the several factors of market area of business in regard of operating and providing effective things in market appropriately. Within the competitive business environment, suitable marketing is important to create and maintain competitive edge among the market and competitors(Tokarev, Shkarovskiy and Soldatova, 2020). Market segmentation and marketing mix both are the essential concepts of marketing that are helpful in the marketing of brand and its offering regarding the brand image within the target market. The paper compares two kinds of soap/hand wash: Dove Soap/Hand Wash and Baylis and Harding Soap/Hand Wash. The target market and segmentation of both brands are usually included in the report. Apart from that, there is a useful comparison of the different marketing mix characteristics for both brands. Finally, appropriate recommendations are made for improved insight and vision. MAIN BODY Aim The main goal of this research is to create an effective comparison analysis of the two brands Dove and Baylis based on their target market and various marketing mix aspects. Research methods There are two research methods including primary and secondary data and for this report, to conduct comparative analysis, secondary method is used. Target market, marketing mix and segmentationisdonewiththehelpofsecondaryresearchmethod.Inthismethod,the information which is used for this analysis is being collected, observed and represented by other individual in different manner. Comparison of the target market (STP) Market segmentation of Dove soap/hand wash GeographicalAreaUrban and rural area LocationUK DemographicalAgeYoung and Adults (18-40) OccupationWorking class Households 3
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Students Disposable income£ 10,000 per month GenderMaleandFemalebothbut majority female PsychographicPersonalityOpenness or Extrovert Lifestyle and attitudeHealthy and cognitive BehaviouralOccasionRegular Targeting and Positioning of Dove Soap/hand wash Dove soap is a well-known and well-known brand that is owned and manufactured by Unilever, a British multinational corporation. For this, the company's products, such as soap and hand wash, are segmented in the UK market based on psychographic, demographic, regional, and behavioural characteristics (Ravina Ripoll and et. al., 2019). Dove's major market consists of female clients aged 15 to 35 who use several flavours of soap and hand wash. As a result of the launch of COVID-19, the company is now targeting male customers as well as children for their hand wash soap. Dove has successfully positioned itself inside the market by employing a variety of marketing strategies, the most basic of which is to make women feel good about their skin after using the soap. The firm also depicts the equality of female bodies, including colour, because Dove soap is all about skin softness. It is a successful brand positioning strategy. Market segmentation of Baylis and Harding Soap/ hand wash GeographicalAreaUrban LocationUK DemographicalAge22-40 age group OccupationWorking people Celebrities Disposable income£ 40,000 monthly GenderMaleandFemalebothbut majority female PsychographicPersonalityIntrovert and Ambivert Lifestyle and attitudeLuxurious and rich class 4
BehaviouralOccasionRegular, for gift purpose, on special occasions. Targeting and Positioning of Baylis and Harding soap/ hand wash As per the above segmentation, it has been identified that the main target segment of Baylis and Harding is the rich segment people who have their income more than 40,000 Euro per month. Further, the females who prefer luxurious lifestyle, expensive and high-class products. Apart from that, company also target the segment that has the lifestyle of gifting expensive products on special occasion(Aman, 2019). In regard of this positioning, the company get highly competitive price which is the best positioning strategy by which they can create competitive advantage. Comparison of marketing mix Elements of marketing mix Dove Soap/hand washBaylis and Harding soap/ hand wash ProductDove's main product is a female- oriented soap bar. Its goods come in a range of scents, sizes, colours, and packaging (AI Shajrawi and Ali Khan, 2020). There was only one smell and flavour of soap in the beginning, and it was white in colourbecausetheirtarget clientelewereallwomen.The product is good in terms of price, quality,and skin softeningafter usage. Hand wash is one of Baylis and Harding's most basic products. As aresult,thecompanyoffers exclusive,luxurious,andhigh- qualityproducts.Handwash bottles come in a variety of shapes and sizes. Products are available for wealthy women who live a high-end lifestyle. The product is of premium quality and falls into the premium category. PriceDovehasacheappricingplan sincethecompanyhasagood value and a mission to ensure that theirproductisaccessibleto everyone.Thisstrategyis The products produced by Baylis andHardinghaveapremium pricetag.Thebrand'ssmart pricing plan helps to give their clients a better impression of high 5
beneficialtothefirmsinceit allowsthemtodifferentiate themselvesinthemarketby offering a high-quality product at aninexpensiveprice.Dove's products are quite inexpensive for alltypesofcustomers(Thomas and et. al., 2018). quality and elegance. In terms of addressing the loyal client base andthepremiummarket,the company'spricestrategyis beneficial. The pricing plan was createdinordertogeta competitive edge that would allow thecompanytogeneratea reasonable profit margin. PlaceDove's products are mostly offered inretailoutletsintheUnited Kingdom,suchasSainsbury's, Tesco,Morrison's,andothers (KoláováandKoláová,2020). These retail establishments have a large consumer base and adequate self-space, which is beneficial to thebrand'soverallappealand ability to reach the target customer at the right time. Dove also sells e- commercesitessuchase-Bay, Amazon, and others. Given the goods of Baylisand Haring, the appropriate location is their own store, which has a large number of retail customers in the UnitedKingdom.Asthefirm leads to operate in both offline and online means, the corporation also has a grip on online platforms to market their products (KUSA, ZAUSKOVAandCABYOVA, 2020). E-commerce platforms are being used by the company to sell itsitems.Asaresultoftheir functionalinfrastructureand appropriatewebsites,luxury companies have a strong hold on their market position. PromotionIn terms of analysing the present competitiveaspect,promotionis criticalinthemarketingmix. Customers are more likely to buy yourproductifyouhavean BaylisandHarding'spromotion approach is limited because they are a luxury company known for the quality and price they provide toitscustomers.Qualityisan 6
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effective promotional strategy in place(SzymoniukandValtari, 2018).Dovehasaneffective promotionalapproachthathelps the company expand by keeping itsnameinpeople'sminds. Television, ads, and other forms of advertisingareamongthe company's promotional tactics. As a result, the brand establishes a successful and long-lasting brand image in the eyes of its clients. important strategy for promoting theirproducts(Khalifa,Abdel Gawad and Abdul Fadeel, 2021). Thecompany'spromotional strategy,whichincludesdirect marketingandpublicrelations, helpsthemmaintainaloyal consumer base. As a result, the company's promotional approach is effective in attracting customers and improving brand value. Hence, it has been analysed that Dove has implemented the most effective marketing mix in terms of offering the suitable products, price, place and promotional techniques. With it, dove prominently deals in offering the suitable products like soap, hand wash and shampoo and also put emphasis on female regarding their products. Also, dove consider low prices to their products in order to distribute them to the large number of people through offline and online method. Despite from this, dove tends to use different promotional methods like, television, magazine, e- mail and so on. CONCLUSION As a result of the preceding discussion, it has been determined that two separate brands operate in the same sector in different ways. The variation in their target market affects the different parts of marketing mix, which are useful in making decisions about product type, market coverage, and corporate competitiveness in the market. Each brand has its own price strategy, positioning, and promotion technique that it employs in order to target specific clients and gain a competitive edge. As a result, it is beneficial for the company to consider appropriate brand marketing and supply the right group of target customers at the right time. 7
REFERENCES Books and Journals AIShajrawi,A.andAliKhan,N.,2020.InternationalMarketingintheModern Era.International Research Journal on Advanced Science Hub,2, pp.16-19. Aman, A., 2019. Islamic marketing ethics for Islamic financial institutions.International Journal of Ethics and Systems. Khalifa, T.F., Abdel Gawad, M. and Abdul Fadeel, A.M., 2021. Correlation between adopting marketing as a business orientation and its effect on exporting in the textile firms of Egypt’s industry.International Design Journal,11(2), pp.23-33. Kolářová, V. and Kolářová, E., 2020. An analysis of the use of marketing 4.0 principles for managingcustomersrelationshipsinmicrobreweriesinthecapitalcityof Prague.Potravinarstvo Slovak Journal of Food Sciences. KUSA,A.,ZAUSKOVA,A.andCABYOVA,L.,2020.EFFECTOFMARKETING COMMUNICATIONONCONSUMERPREFERENCESANDPURCHASING DECISIONS.Ad Alta: Journal of Interdisciplinary Research,10(1). Ravina Ripoll, R and et. al., 2019. Towards a happy, creative and social higher education institution: the case of non-profit marketing and business creation subjects at the University of Cadiz. Szymoniuk, B. and Valtari, H., 2018. The REKO system in Finland: a new model of a sustainable marketing channel.Problemy Ekorozwoju,13(2). Thomas, V.L and et. al., 2018. Role-playing in a consumption context: An experiential learning activityfocusedontheconsumerdecision-makingprocess.MarketingEducation Review,28(2), pp.89-97. Tokarev, B., Shkarovskiy, S. and Soldatova, N., 2020, March. Concept of Marketing Models Combining at Stages of Innovative Startup Implementation. InInstitute of Scientific Communications Conference(pp. 1687-1695). Springer, Cham. 8