Principles of Marketing: Head and Shoulders vs Pantene
Verified
Added on 2023/01/12
|8
|1875
|2
AI Summary
This report compares the marketing mix and STP model of Head and Shoulders and Pantene, two popular shampoo companies. It discusses their product, price, place, and promotion strategies, as well as their target market and positioning. The report concludes with recommendations for both companies.
Contribute Materials
Your contribution can guide someone’s 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.
INTRODUCTION Principles of marketing are define as the core marketing ideas that helps in driving and implementing a successful marketing strategy. In this report the principles of marketing are discussed on the two popular shampoo companies that are Head and Shoulders and Pantene. Head and Shoulder is an anti-dandruff shampoo company originated in America. It is a subsidiary of FMCG Company Procter and Gamble. It is a 58 years old brand arrives in November 1961. Pantene is an American shampoo brand created in Switzerland. It is a hair care brand owned by fast moving consumer goods company Procter and Gamble. Pantene was founded by Swiss citizen named Hoffman-La Roche in the year 1945. The report covers the comparison of marketing mix of two companies of same industry. The report also include the illustration of STP marketing planning process model of two companies(Shaw, 2016). Executive Summary Aim:The aim of the report is to determine the importance of marketing mix in growth of a given brands as well as evaluating the significance of targeting and positioning in the success of given brands context. Research Methodology:Secondary research methods are used in this report. All the findings are gathered from online sources that means websites. Results:Results drive from the assignment is that it Pantene is expensive than Head and Shoulders.Bothusecelebrityendorsementtopromotetheirproduct.Bothhavestrong distribution network which enable them to reach at every corner of the world. Head and Shoulder is a subsidiary of Procter and Gamble while Pantene itself is brand of Procter and Gamble. In this way both brands are linked to the same FMCG Company. Conclusion:The report has been conclude that marketing mix are of huge importance for the companies. Price element of Head and Shoulders and Pantene is different as former is cheap and easily affordable and later is little more expensive. The report also conclude that targeting and positioning plays a crucial role in growth of the companies. Head and shoulder and Pantene have different target market as former brand target middle aged men with dandruff problem and later brand target young women. Head and Shoulder positioned as the solution of dandruff problem and Pantene positioned as a mechanism to extract inner and outer shine of a woman. 1
TASK 1 Marketing Mix Comparison of Head and Shoulder and Pantene Every company consider some major elements that are part of marketing process. These elements of marketing are collectively called as marketing mix. Marketing mix consist of 4Ps. The 4Ps of marketing are product, price, place and promotion. Product refers to distinct quality and benefits offer by the company to serve customers. Price is the pricing strategy of the company. Place connote the distribution channel of the firm. Lastly the promotion is the way to communicate with customers. The detail description of marketing mix of Head and Shoulders and Pantene is given below:- Product Head and shoulder manufactures product that prevent hair problems mainly dandruff. Head and Shoulder develop their products after years of extensive research and development process. It use highly effective and unique formula to solve several hair problems such as anti- dandruff, anti-hair fall, silky black etc. Pantene offer wide varieties of shampoo as per the need of individual. Pantene is the leading brand in the shampoo industry that mainly target women. Pantene shampoo and conditioners are initially delivers in the plastic bottles later arrives in format of sachet. Pantene sachet and bottles are designed beautifully in order to fascinate the target market(Bowie, and et. al., 2016). Price Head and Shoulder adopted strategy of price penetration in order to compete with its immediate rival Unilever Limited. They offer shampoo at reasonable price. Products of the company are easily affordable by the middle class and even lower middle class people. There is intense competition in the shampoo industry. Slight increase in price can divert customer interest toward other brand therefore Pantene follows price penetration strategy. Even though the company utilize competitive pricing strategy the price of the product is slightly high to maintain a perceived added value of good quality shampoos. Place 2
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Head and Shoulder avail a strong distribution network because of its parent company Proctor and Gamble. Products of Head and Shoulder are found on almost every format retail outlet. It is available both online and offline retail stores. Customer can purchase its products at General stores, departmental stores, groceries store and e-commerce store(Alserhan, 2015). Being a product of popular company Proctor and Gamble Pantene enjoys a good supply chain system. Company is very conscious over their availability in the market. Pantene ensure that their shampoos are available at any retail store at any point of time. Stocks of Pantene originatefrommanufacturingplantandreachestofinalconsumersbycrossingseveral intermediaries. Promotion Head and Shoulder often choose big celebrities as their brand ambassador. Celebrities endorse Head and Shoulder brand in television advertisements. The company positioned its brand as the most effective solution for dandruff problem. Firm promote their product through several marketing mediums such as television commercials, newspaper, hoardings, posters and magazines. Their campaigns are mainly emphasis on making shampoos as a means to achieve confidences(Bühler, and Nufer, 2015)). Pantene uses all the means of advertisement like television, social media, billboards, YouTube, poster and hoardings. Shampoos of Pantene have been endorsed by beautiful actress andmodels.Theadvertisementshowcasesitasapremiumbrandforwomen.These advertisements are usually broadcast on daily soap and movie channels. TASK 2 STP model of Head and Shoulder and Pantene Every product has a specific consumer category according to people age, gender, income, lifestyle, thought process, mind-set, culture, value and belief. Companies targetsprofitable consumer segment according to feature and quality of product. Firm categorize whole population into different segment according to certain common characteristics. This process is called as segmentation. Segmentation is of four types- demographic, geographic, psycho graphic and socio 3
cultural.Demographicsegmentationincludesincome,agegroup,gender,educationand occupation. Geographic segmentation refer to regions of domestic and foreign marketplace. Psycho graphic segmentation connotes lifestyles and mindset of an individual and lastly socio culture segmentation implies culture, values and belief.Segmentation is followed by selecting profitable consumer segment that is called targeting. Targeting is followed by creating image of the product in the minds of consumer that means positioning. All the three activities of marketing are essential for success of any firm. STPmodel of Head and Shoulder and Pantene are discussed below:- Segmentation Head and Shoulder is a FMCG company. It cater to the needs of customers from all demography and geography. Company divide their market on the basis of psycho graphic segmentation. Company mainly concerned with the lifestyle and preferences of people. The main segments are the people suffering from dandruff, people desiring black silky and shiny hair in low price(Storey, Hess, and Saffitz, 2015). Pantene also utilize demographic and psycho graphic segmentation. It segments the market according to gender and lifestyles of an individual. Targeting Head and Shoulder usually target higher middle class people of society. Target consumer segment of company are people want to prevent or cure dandruff. The advertisement of Head and shoulder depict their shampoo as one stop solution for all hair problems. Company launch their Firm usually aims to attract middle age men with and dandruff and hair fall problems or the men wishing shiny and silky hair(Saunders, Barrington, and Sridharan, 2015). Pantene mainly target teen and youth aged women of middle income and upper middle income class. On the basis of lifestyle it target those women who are fond of going to salon for styling and maintaining their hairs. They insist women to purchase Pantene shampoo and conditioners instead of spending heavily on salon services. Positioning 4
Head and Shoulder create a positioning of its brands as the most effective remedy of dandruff that can solve the problem of dandruff in one wash. It is a pioneer in offering dandruff solution to the people. It is a market leader in niche market of anti dandruff segment. It became successful in acquiring large market share in the shampoo industry. The strong distribution network covering all the rural market consequent in acceleration of the sales in recent years. Thus it became a market leader(French,and Russell-Bennett, 2015). Initially Pantene positioned itself as cheap substitute of salon services. Later the company repositioned their brand as product that is the cause of shining in women. A product that extract internal shine with aid of external shine in hair render by shampoo. CONCLUSION AND RECOMMONDATIONS From the above file it has been concluded that both companies deals in same category of products. Price of the Pantene is higher than Head and Shoulder. Both have strong distribution network and large market share. Both use celebrity endorsement as a way of promotion. The report also conclude that Head and Shoulder targets anti-dandruff segment and Pantene targets young women. Head and Shoulders positioned as the best solution for dandruff while Pantene positioned as the effective tool for shining hair and shining personality. Head and Shoulder is recommended to launch new format of hair care products such as cream, gel and oils. Pantene is recommended to reduce the prices of product or introduce new cheap variety for niche market. 5
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and Journals Bonaparte, Y.L., 2019. Sustainable outcomes of an experiential learning project in a principles of marketing course.Journal of Global Scholars of Marketing Science.29(1). pp.7-14. Bowie, D., and et. al., 2016.Hospitality marketing. Taylor & Francis. Bühler, A. and Nufer, G., 2015. Marketing in sports. French, J. and Russell-Bennett, R., 2015. A hierarchical model of social marketing.Journal of Social Marketing. Saunders, S.G., Barrington, D.J. and Sridharan, S., 2015. Redefining social marketing: beyond behavioural change.Journal of Social Marketing. Shaw, S., 2016.Airline marketing and management. Routledge. Storey, J.D., Hess, R. and Saffitz, G., 2015. Social marketing. 6