This report explores the principles of marketing, focusing on target markets, marketing mix, and competition. It analyzes the marketing strategies of Dove and Sure brands in the deodorant industry. Discover how these brands target specific consumer segments and use effective product placement, pricing, and promotion strategies.
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Principles of Marketing
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EXECUTIVE SUMMARY The project paper here involves all the respective elements of marketing, which is comprising of the certaininformationsregarding the identification of target marketsand classification of consumers according to the nature , gender, class etc. similarly with this the marketing mix along with the 4 Ps of it is in the evaluation for the optimum growth of business and beating the competition in a healthy manner.
INTRODUCTION The marketing is an integral process of the organisation which is crucial for achieving all the goals and objectives of business in relation to the post production scenario. It can be easily understood as the systematic procedures and selective pattern that is followed by a respective organisation in order to connect with its existing consumer base as well as to interact with the potential share of the market (Szablewska and Kubacki, 2019.). In this report paper there are mainly two organisations named asDove (deodorant for women)andSure (deodorant for women)both of these brands secures an effective and optimum position in the global trading as they majorly deals in the market of deodorants for women. This project will directly aim at evaluating the course of effective marketing principles. Thus the report will include a brief study on the targeting and marketing mix of Dove and Sure brands respectively within the confines of deodorant industry. FINDINGS Target Market Dove and Sure deodorants both of these corporation targets their market demographically, which either can be justified as respective brands produce and market only for the female persona of the market. Among the deodorant sector Dove and Sure are well renowned for providing quality products and services to medium and upper class customer segment in a favourable price structure. The marketing strategies of the organisation are devised according to the respective segment and target of their products. Such targeting process is here discussed briefly in relation to Dove and Sure company respectively. Dove (Deodorants for women):The organisation certainly targets female segment among those groups of people who are generally conscious with the brand name and its standards along with the product. These groups are effectively comprised of medium and high class society of the respective market place whether the company deals in domesticate boundaries or on a global level. The brand mainly emphasises on the range of 16 to 40years (Hart. and Sumner, 2020). The major reason behind selecting this target audience is that this section of market is primarily influenced by the urge to leave a good impression in public. Sure (Deodorants for women):The organisation holds a large share of the deodorant market. Sure deodorants runs their business in more than 100 nations, with different names of 1
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recognition as Rexona, Shield, Sure etc. The company usually targets the female section of the global market. The brand is well renowned for its effective goods and services in terms of deodorant and its other variants especially for women. The respective products of the brand influences a vast range of quality buyers within the age group of 16 to 50. There is a wide range of deodorant portfolio which offers certain products that fulfil the needs and demand of respective age group and class groups. The customer base of Sure deodorants is not so conscious with the brand as they seeks to get the magnificent quality within the determined price structure, thus the company is able to fulfil such criteria effectively and efficiently. Product/Brand Dove(Women deodorants)-The company provides wide variety in the perfumery and deodorant portfolios across the globe. Such product ranges of Dove are aimed at giving solutions and commodity to consumers for all their needs and demand for a good smell. There is a vast range of products in the Dove deodorants where it provides all types of deodorants and roll on especially for the working women. These include the product such as the Dove deo stick, Dove roll on, Dove Fresh Cucumber and so on. With such wide product list the organisation gets an effective and positive support from its customer base, as the Dove has a large proportion of loyal and regular customer in its annual sales records (Swanson, 2019). The quality and standards of the products influences a extensive range of market. The packaging and product specification is also distinctive of Dove deodorants. It enables the potential set of consumers to identify the product significantly among the heavy rush of competition within the retail market stores. Sure (Deodorant for women):The brand is famous for its qualitative premium products that are available in approximately 100 countries. These products cover a wide range of deodorants. The company offers premium variations of deodorants for men as well as for women. This helps it to gain the overall attention of both genders of the society, although Sure is well classified in the female segment of the market. The products under this brand comes with different names and qualities in the market, this influences the customer to buy the most suitable product according to them that meets with their respective needs and demands in aspects of using a deodorant, it could be in terms of long lasting deodorant, sweet smelly deodorants, deodorants for sport purposes etc. 2
Price Sure(Deodorantsforwomen):Theorganisationhasawellplannedstrategically approach that emphasis on thepenetrative pricing policy.This approach is followed by the organisation in order to gain the maximum attention of all the elements within themarket.The determination of pricing is effectively done by considering all the economic factors of the respective marketplace.with a view to gain the attention of all sections of society. This feature of the Sure Deodorant company enables it to increase the sales and generate more revenue to enhance the maximum profitability from its wide product range. Dove (Deodorants for women)being a global brand itself Dove faces a competitive rivalry from all the leading firms in the women oriented deodorant sector applies the strategy for determining the pricing policies according to competitive scenarios within the marketplace. It moderates the prices of the deodorants as per the demand of the market as there is no fixed standard, the price factor in Dove is quiet flexible. Thus its also necessary to deflect and inflate the pricing as per the existing market conditions. The company does also provide certain offers on festivals, occasions and in case of market growth Place Dove(Deodorantsforwomen)Thebrandenjoysthefundamentalsofefficient popularity within the domestic and international markets where it becomes necessary for the effectiveproductplacing.Dovedeodorantsareeffectivelydistributedthroughrespective channels that enforces to the all time availability in the retail stores of its global market. The organisation acquires a big proportion of the online market, as these are widely purchased from varioustypesconsumersbelongingtodifferentdifferentnationalities.Itpromotesand implements the type of FMCG marketing in all the nations. Thus all these measures of product placing helps in to increase the reach scale of brand and its products to the potential customer base. Sure (Deodorants for women)The organisation works on quite similar placing patterns of Dove (deodorants), company mostly use the E- commerce platforms to tap the maximum share of consumer base. The current customer segment of the company spends most of the time online and prefer to save the time which is excessively consumed while doing the shoppingin the physical markets. Thus with that view the marketing of company emphasises more on the effective placing of products as its certainly getting desired results from it. Meanwhile Sure 3
(deodorants) are also available at the physical utility stores in national as well as international boundaries. Promotion Dove (Deodorants for women)The particular sections of advertising and promotion are effectively responsible for the promotion of each and every product also with the brand, as well as it has an important function of introducing the new product in the market (English. and Fleischman 2019). Dove uses multiple tools and tactics such as billboards, radio & TV commercials, social media campaigns, advertisements on various top websites and streaming platforms for the effective promotion of its deodorants to attract the female segment in the market. The company also initiates timely surveys within its respective market share, these surveys helps in to understand the demand and need of the current market trend as well as it also enhance the brands popularity and potential in the global consumer base. Sure (Deodorants for women)The company also emphasis on a great level of promotion. The effective promotion is attained by the respective organisation in terms of enhancing its high market capturing aswell as increasing sales and profitability. The entity uses all the essential and effective tools of promotion according to the standards and guidelines of the firm. Sure is engaged in the use of corporate exhibitions, general meet ups of distributors and marketing agents, advertisements, banners, online promotions , personal selling etc. to maintain an effective connection among all its stake holders. These promotional activities helps the organisation to gain optimum results and preferable customer relationswith the respective female sections of market. DoveSureKool Deodorants Website11.51.5 Amazon1.511 Ebay1.511 Average1.31.11.1 Table1Indicating the online performance of the deodorant brand 4
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DoveSureKool Tesco111.1 ASDA1.21.51.4 Brand retails1.811 Average1.31.11.1 Table 2Indicating the offline performance of the organisation. Thus from the average and all the finding of differnmt channels of these three company. Iit can be ascertained that Dove is gettinga good response in the online as well as in the existingoffline performances. CONCLUSION The report above includes all the brief information which are evaluated in respect of both the organisations. The preferred targeted segments of market is analysed while all the general principles of marketing mix are assessed in detail. Thus all the given information helps in tomanage the marketing function efficiently and effectively. 5
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