This presentation discusses the marketing principles involved in launching Dove toothpaste for kids. It covers the existing brand and brand values, description of the target market, analysis of the new market and trends, an explanation of the new product, competition, and conclusion.
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Principles of Marketing
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Table of content INTRODUCTION METHODOLOGY FINDINGS Existing brand and Brand Values Description of the Target Market Analysis of the New Market, Including Trends An Explanation of the New Product Competition CONCLUSION REFERENCES
Introduction In present times, for each organisation it is important to conduct marketing action in an appropriate manner for achieving goal as well as objective in timely manner. Marketing involve action that help in attracting large number of user towards which is provided by them. Herein, the organisation is taken is Dove that is owned by Unilever and established in 1955. The company provide different variety of goods such as hair care, beauty bar, body wash and so on. Now the organisation focuses on planning to launchinnovative product named as Dove toothpaste for kids in order to conduct analysis of market that help in accepting marketing principle. The objective of improving this assignment is to acknowledge various aspects related to marketing and their component (Kotler and Keller, 2015).
Existing brand and Brand Values Brand involves name, term, symbol that help in finding commodity which is provided by seller and that must be differentiated from another seller. In addition to this, brand extension help in assessing brand stretching that is determined as a marketing plan which is used by organisation in context of maximize product within similar brand image. Apart from this, there is a different concept related to marketing that is adopted like Keller brand equity model that includes four section in which Dove need to assess value in marketplace that help in acknowledging or increasing knowledge regarding who they are. The second is assessing regarding market and target large number of audience and lastly the focus is on maintaining relationship between organisation and consumer. Their main purpose is to target large number of user at marketplace that helps in increasing sales and profit margin in future period of time (Porral and Stanton, 2017).
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Description of the Target Market Target market involves consumer through which organisation increase and offer commodity as well as different kind of facility in order to achieve aim in market. In reference of Dove, they determine overall age group of individual person as their user because the focus is on using toothpaste for kids as well as elders. In addition to this, it is helpful in getting superior type of toothpaste in less price because they focus is on maintaining balance of fluoride, Hydroxide, silica, aluminium and many more. It is useful in brand image and reputation of company in front of customer at marketplace.
Analysis of the New Market, Including Trends Therefore, there is a need to conduct PESTEL as well as Ansoff Matrix that help in assessing proper condition at marketplace. According to PESTEL analysis, their needs involves political, technological, environmental, social, economic & legal component that is helpful in appropriate determination that link to market. Furthermore, they include different aspect that is related to market help in making effective plan related to innovative products such as toothpaste. It is also helps in assessing external environment in order to conduct different activities in an appropriate manner. In addition with this, the organisation focuses on conducting events by using Ansoff matrix in order to accept innovative goods along with proper or unique characteristic that help in attracting large number of user during the period of time. In context of dove toothpaste, they possess enough amount of aluminium, Hydroxide, silica and many more for kids and other individual person. It is also superior for cavity, sensitivity and other problem (Kotler, 2010).
An Explanation of the New Product The innovative product offered by dove is determined as a tool that is provided to its kids and individual person that help in maintaining proper balance of ingredients such as silica, fluoride, aluminium that help in fighting with different issues such as cavity, sensitivity and so on. In assistance of this, if an individual person is adopting proper toothpaste then they do not need any other kind of paste for relief from these kinds of diseases. For the respective organisation uses various advertisement expenses such as social media, newspaper, TV and so on in order to promote their product and attract large number of consumer during the period of time.
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Competition Dove launching innovative product named as Dove toothpaste that has enough amount of calcium, aluminium as well as other ingredients according to need of kids and other individual person. In addition to this, it is also helpful to prevent from oral issues such as cavity, sensitivity and so on in comparison to its rival firm named as brand such as Aqua fresh brand that is must focus on teeth cleaning (Kotler, 2017).
CONCLUSION On the basis of above given information, it has been analysed that the organisation focuses on attracting large number of audience towards product and services provided by them. It is also assessed in whether user like innovative commodity and organisation develop plan according to them. In this process, they need to conduct various actions is market analysis to understand the appropriateness of brand and organised through using models such as Keller brand equity model. Therefore, it is needed for user to acknowledge market commodity and so on. Hence, it assists in improving appropriate determination that is linked to innovative goods.
REFERENCES Kotler, P. and Keller, K.L., 2015.Marketing management, global edition(pp. 194-209). Edinburgh Gate, England: Pearson Education Limited. Kotler, P., 2010.Principles of marketing: a South Asian perspective, 13/E. Pearson Education India. Kotler, P., 2017. Philip Kotler: some of my adventures in marketing.Journal of Historical Research in Marketing. Porral, C.C. and Stanton, J.L., 2017.Principles of marketing. ESIC Editorial.
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