Principles of Marketing: A Comparative Analysis of Head and Shoulders Shampoo and Pantene Lady's Shampoo
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This project report analyzes the marketing mix of Head and Shoulders Shampoo and Pantene Lady's Shampoo, including pricing, promotion, product, and place strategies. It also discusses the target market and provides insights into effective marketing principles.
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Principles of marketing
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EXECUTIVE SUMMARY The project report is based on information connected with marketing mix which is required to be followed while launching a product for target consumers. The selected brands are Pantene Lady's Shampoo as well as Head and Shoulders Shampoo. Marketing mix involves pricing, techniques of promotion, unique product and places to promote each commodity. The pricing strategy for Head and Shoulders shampoo is Competitive pricing policy for reaching into new market where as for Pantene Lady's Shampoo is value pricing strategy to offer the product at distinct prices. The Head and Shoulders shampoo have attractive packaging and simple in appearance but Pantene Lady's shampoo have colourful packaging along with charismatic shapes. Promotions of the products are done through newspapers, billboards, social media and magazines. Before application of marketing mix, effective marketing plan is needed to be framed for getting successful outcomes.
Table of Contents INTRODUCTION...........................................................................................................................1 FINDINGS.......................................................................................................................................1 1.Comparison of target market....................................................................................................1 2. Product.....................................................................................................................................2 3. Price.........................................................................................................................................3 4. Place.........................................................................................................................................3 5. Promotion.................................................................................................................................4 CONCLUSION................................................................................................................................4 REFERENCES................................................................................................................................6
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INTRODUCTION Marketing is an activity that is undertaken by an entity for promoting purchase or sale of commodities. It is a discipline that includes actions implemented by firm to draw attentions of customers together with maintaining relationships with other businesses through delivering commoditiesaccordingtotherequirements.Marketingprinciplesaregenerallybasedon marketingideasusedbyfirmsforeffectivepromotionalstrategy(Ewing,DeBussyand Ramaseshan, 2015). In broad sense, marketing of product relies on the principles that are named as “4 Ps” comprising product, price, place along with promotion. The present report is based on marketing mix of two brands that are Head and Shoulders Shampoo and Pantene Lady's Shampoo. To analyse market, application of marketing principles is done on the products for discussing strategies to market both products. Aaker's brand personality framework as well as Levitt's brand model are used for ascertaining strategies to market both brands. FINDINGS In this project, Pantene Lady's Shampoo along with Head and Shoulders shampoo are considered for making comparative analysis. Pantene Lady's Shampoo is an hair carebrand that is introduced by Richardson Vicks along with Hoffmann-La- Roche. It was launched in Europe in the year 1945. In 1985, Procter and Gamble owned the brand. It is sold in approximately 95 countries with diverse product lines. It has market shares of 10% within modern retail market and 8.2% in metros. On other hand, Head and Shoulders Shampoo is brand of non dandruff as well as anti dandruff shampoo introduced in the year 1961 by Procter and Gamble (Head and Shoulders Shampoo. 2019). The brand has gained market shares of 15% in retail hair care market and 20% in global market. This brand is ranked on second position within UK and has been used by 7.7 million people in the same country. 1.Comparison of target market Target market is said to group of consumers which are main focus of organisational advertisements. The emphasis is communicated through usage of print capabilities and social media. The consumers which are considered as to buy the product that are offered by entities ar said to target market. It comprises breaking the segments as well as concentrating marketing efforts towards key segments including consumers to whom organisational commodities are offered. 1
Hand and Shoulders ShampooPantene Lady's Shampoo It is a brand that is specially designed to solve dandruff related issues. The target market of such product are higher middle class individuals who are early adopter, cares about health of hairs and arebrandconscious.Thedesiredmarketis targeted only after ascertaining income, lifestyle and class of people. Individuals within the age group of 20 years to 45 years who are more educated and focused about their hair health are the target market to whom wide variety of H&S shampoo are offered to wide countries. PanteneLady'sShampooisbasically designed for women and it only target all women'sasitstargetmarket.Ittargets women those are within mid to early 40s as well as are proactive in enjoying healthy lifestyle addition to feel confident when their hair looks good. Targetted consumers are attracted through providing wide products in context of prices as well as products offered in distinct countries(Fine, 2017). 2. Product Product are the commodities that are offered by institutions and requires attractive advertisements for influencing the consumers that attracted to make purchase decisions. In order to make a product more attractive, its packaging, size, shape as well as colour are needed to be eye catching that can attract huge proportion of consumers to purchase it. Head and Shoulders shampoo: The product is generally simple in appearance having high quality along with decent and unique packaging. According to Levitt's brand model, one product has four phases involves in its life cycle. Phases includes introduction, growth as well as decline. For selected product, it is essential for firm to have knowledge about life stages of product before introducing it in front of targetted consumers as well as formulating marketing plan. Similarly, Jennifer Aaker framework involves five dimensions towards personality of brand. These are competence, ruggedness, excitement, sincerity and sophistication. The shampoo posses all these dimensions as it is successful, quite honest, up to date and sophisticate. Pantene Lady's Shampoo: It is hair care product that provides the products in colourful packaging as well as charismatic shapes which attracts targetted consumer groups(Mobus and Kalton, 2015). It is in its growing stage as it continuously grabbing proportion of large market shares. It is some what different from the competitors commodities as it delivers products in 2
recyclable bottles that are easy to use as well as are in small sizes that makes it handy. Considering dimensions of Aaker model, the product comprises all the dimensions that makes it imaginative, tough, down to earth and charming. 3. Price Price is termed to payment quantity that customers have to make while acquiring products. In context to Head and shoulders shampoo, it is projected as premium commodity but the institution has adopted well unified pricing structure that keeps the pricing policies affordable as well as reasonable but distinctive. The time when the prices of such shampoo was compared with other companies it was analysed that prices are little higher then other shampoos that competitors offers(Morden,2017). It is renowned as high end product to cure dandruff by targetted consumers and they have willingness to pay additional pounds when it comes to their beauty of hair. Head and Shoulders shampoo have adopted policy of competitive pricing for its commodity in order to reach in new market as well as gaining further customers. Pantene Lady's Shampoo offers exquisite product range by emphasising on its pricing in order to provide diverse product line under distinct price range. The important role that price plays is making popularity of the brand and the effectiveness of its pricing strategy helps in setting price value aside competitors. The shampoo follows value pricing policies in distinct periodic intervals in order to adjust the prices as per customer purchasing power as well as prevailing conditions at specific location. It leads towards enjoying high sales volume that shows greater profits together with larger revenues. Head and Shoulders shampooPantene Lady's Shampoo Competitivepricingpolicyisfollowedfor reachingwithinnewmarkettogetherwith gaining further customers. Valuepricingpolicyisadoptedtodeliver products in distinct prices as per pertaining circumstances. In UK, Price for head and Shoulder Shampoo is £5.00 for classic clean and £1.00 for anti dandruff shampoo. Price for Pantene Lady's Shampoo is £7.95 in UK. 3
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4. Place Head and Shoulders Shampoo: It is an international product that has strong global presence. The shampoo is sold in about more than 80 countries including Bangladesh, united States, United Kingdom, Pakistan, India, Canada and many more through effective distribution system. The distribution channel for such shampoo involveshypermarkets, corner shops, discount stores and local market. Pantene lady's Shampoo:It has international presence as well as the product is spread inapproximately 95 countries including Australia, Bangladesh, France, United Kingdom, China, India, Taiwan and many more(Moskowitz, 2017). To provide the product, distribution system like retailers, wholesalers as well as old age stockists channel along with various e- commerce channels are used fro expanding the reach. 5. Promotion Head and Shoulders Shampoo: The product heavily relies on promotional activities performed by marketing team. It is the most recognised product as well as has introduced several ad campaigns for building and maintaining visibility in the international market. In addition, it has specific promotional strategy of no dandruff after 7 days of usage that motivates peope to accept the product. The promotions for the shampoo are aired on distinct television channels, magazines, newspapers, radio, posters, hoardings at strategic locations as well as through pamphlets. Pantene Lady's Shampoo: It is one of the strong product with high brand recall. Promotions through print addition to digital media, billboards, magazines, social media as well as movies plays crucial role for success of the product. It has unique promotion strategy of no hair fall after usage of fourteen days that influences positively on targeted women group. The product is promoted through aggressive marketing strategy that involves advantages of various advertising tools at disposal(Oswald, 2018). The increasing usage of social media leads on emphasisingpromotionsonvarioussocialmediasitesforpromotingtheshampoo internationally. CONCLUSION As per the above report it has been concluded that marketing principles as well as choosing target market is key for making growth and success of business. When a company 4
effectively follows marketing principles of 4Ps then they achieve success in making the commodity more marketable. Marketing principle involves product, place, promotion and price that plays essential function in targeting consumers. The brand achieve success when they effectively apply the elements of marketing mix in best manner. These mix also fosters addition to help in promoting unique value of brand for standing against rivals. Effective communication for enhancing awareness fro product in the targeted market is required to introduce product internally in unique and better ways. 5
REFERENCES Books and Journals: Ewing,M.T.,DeBussy,N.M.andRamaseshan,B.,2015.Integratedmarketing communications: Conflicts of interest, politics and performance. InProceedings of the 1998 Academy of Marketing Science (AMS) Annual Conference(pp. 265-272). Springer, Cham. Fine, S. H., 2017.Marketing the public sector: Promoting the causes of public and nonprofit agencies. Routledge. Mobus, G. E. and Kalton, M. C., 2015.Principles of systems science(p. 755). New York: Springer. Morden, T., 2017.Principles of management. Routledge. Moskowitz, H., 2017.Applied sensory analy of foods. Routledge. Oswald, L. J., 2018. The law of marketing. Parsons, E., Maclaran, P. and Chatzidakis, A., 2017.Contemporary issues in marketing and consumer behaviour. Routledge. Scott, D. M., 2015.The New Rules of Marketing and PR.: How to Use Social Media, Online Video, Mobile Applications, Blogs, News Releases, and Viral Marketing to Reach Buyers Directly. John Wiley & Sons. Online: HeadandShouldersshampoo.2019.[Online].Availablethrough: <https://www.headandshoulders.co.uk/en-gb> 6