Principles of Marketing: A Comparative Analysis of Dove and Sure
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This report provides a comparative analysis of Dove and Sure, two market rivals, in terms of their target markets and marketing mix. It explores the differences between the two brands and why they work differently.
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Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 Target Market..............................................................................................................................3 Product of Dove and Sure...........................................................................................................4 Price policy of Dove and Sure....................................................................................................5 Place / Distribution process of Dove and Sure............................................................................5 Promotion strategy of Dove and Sure.........................................................................................6 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Marketing is a phenomena of channelising consumers path towards the brand and its offeringsbybeinginclosetouchandcommunicationthrougheffectivemarketingand promotional activities. Marketing plays a active role in building and maintaining a brands image in market amongst other competitors and target audiences(Palmatier and Crecelius, 2019). The report holds a tactical comparisons of two brands by using the 4P's of marketing. The considered brands are Dove and Sure. The two are market rivals, Dove is an American personal care brand which is owned by Unilever founded in 1957. Sure is an Australian organisation which was founded in 1908 who is also owned by Unilever. The report covers a comparative analysis of the two brands of their target markets and their marketing mix. The assignment will be looking over the aspects which makes both the brand different and why they work differently. MAIN BODY Target Market Target market is referred to the audiences of the firm for whom the offering of the brand are aimed.It is a group of potential buyers and consumers to whom the brand is most suitable and their preferences matches with firms offerings. The marketing and promotional plans of company's are developed for attracting the target market and related audiences. One major task that is involved in higher revenue and profitability of the firm is identifying the target audiences and changing them into potential long term buyers. Thus, organisations have to develop their target market profile and for which STP (Segmentation, Targeting and Positioning) tool is used. STP is a framework with three major factors that enable firms to have a potential target audiences and make their marketing efforts and strategies for gaining their attention. A target market profile of Dove and Sure is presented below with the help of STP(Bernyte, 2018). SEGMENTATION, TARGETING AND POSITIONING STRATEGY OF DOVESegmentation-Dove is a personal care brand that covers a very large market around the globe. The company divides its market byDemographic segmentation, through which it focuses over women over age group of 18 and has high purchasing power.Targeting-The targeting stage is supported by segmentation as at this stage Dove targets the receptive group form their segmented consumers. Dove targets for all ages of women also of all shapes and sizes. The targeted audiences of Dove has to have high purchasing
power and income. Thus, they highly focus overupper and middle classwomen who are willing to pay the price for company's products. Positioning-Dove is brand which position itself as apersonal care beauty product selling brand. The company makes use of its high moisturising content to stand aside form other brands and competitors. SEGMENTATION, TARGETING AND POSITIONING STRATEGY OF SURESegmentation-Sure is also known as Rexona a brand which is offers number of variates of deodorants for creating a strategic pre-emption from the rivals for entering the industry. The company segments the market byDemographic segmentationas well where it focus over age of customers to be between 13 to 35(French and Gordon, 2019).Targeting-The target audience of Sure is the people who have a unique lifestyle and wished to stay odourless. The company focuses over the customers who lives a separate type of lifestyle like trendy, fashionable, athletic and active. Sure is a unisex company which makes its target audience diverse as it concentrates on men and women both of different age groups belonging to 13 to 35 and who live a unique lifestyles. The target segment is of middle class men, women and teenagers(Cateora and et. al., 2020). Positioning-The positioning factor is where company places itself in market amongst others. Sure presents itself on the basis of its strengths that is being a low cost producer offering diversified products with customer with number of variants and by highly concentrating on its USP of offering long lasting deodorants that can keep the user odourless for 24 hours straight. Product of Dove and Sure Marketing mix is also known as 4P's a tool that includes major tactical areas needs to be considered by organisation for developing a strong marketing strategies. The four elements are Product, Price, Place and Promotions. Productrefers to the offering of a brand, these are in tangible and intangible forms which are sold to customers to fulfil their needs and desires. Most firms manufacture goods by considering the preferences and needs of people that is their target audiences. Thus the prodcuts offering of Dove and Sure (Rexona) DoveSure(Rexona)
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When its comes to product offering of Dove the brand has a diversified product portfolio which includes range of beauty products, hair products,facecare,deodorants,soapsand many other. The product mix of Sure includes range of soaps, sprays, roll ons, deodorants and many other. The brand maintains high standards of hygienebyoffering24hourlonglasting deodorants and other products like roll ons for improving odour and keeping user refreshing. Price policy of Dove and Sure The Price factors is simple and refers to the amount organisations charge form their buyers for the respective product or the service being offered to them. The pricing policies or strategies are decided on the basis of the target audiences purchasing power and willingness to pay for the good(DeLong and Elbeck, 2018). DoveSure(Rexona) Thecompanydealsinaverycompetitive environment and have its presence around the world which exposes it to more rivalry and competition.Thus,Dovemakeuseof competitivepricingpolicy.Initiallyitused premium pricing but then due to lower demand thecompanyadoptedcompetitivepricing policy and reduced prices. Still the goods are slightly higher in price than its competitors and itsdemandishighduetohighqualityof product offering. The products portfolio is diversified of Rexona thus, its products prices are variably priced based on the consumers preferences and the type of good they are buying. Hence, pricing of Suregoodsandspecificallydeodorantsare affordableandconvenientasthecompany targets middle class customer base who has enoughpurchasingpowertosettlewith product price of Sure(Fuciu and Dumitrescu, 2018). Place / Distribution process of Dove and Sure Placerefers to the distribution channels and the location through which customers can reach to the product and service offering of a brand. The organisations are suggested to be more accessible in market to buyers with huge market presence. The goal of this tactic is to make their product present in market that are more likely to buy them by placing them in the right place, at right time and in-front of the right audiences. DoveSure(Rexona)
The distribution channels of Dove are very strong and wide spread. The company make saleinmorethan80countriesaroundthe world with presence worldwide. The parent company that is Unilever's resources are used by Dove for distribution.Dove makesales through supermarkets, general stores, whole- sellers and chemists. Sure(Rexona)hasitspresencearoundthe globewhichreflectsoveritshugemarket presence. Sure make use of outsourcing for distributing its offerings. The company unlike using Unilever's distribution channels make its pathtomarketthroughlocalretailersand general stores which enable them to be more closer to their target audiences. Promotion strategy of Dove and Sure Once the other three tactical P's are optimised now it is the time for firm to promote its offering in the market for attracting the general public for say and their target markets. There are several aspects and practices involved in promotions like advertising, public relation, social media presence, use of digital technologies, promotional strategies and many more. The major aim of this tactical step is to make potential buyers realise why they need the particular good and make them pay for it willingly and happily(Park, 2020). DoveSure Dove offer beauty product range which is a very competitive field. Dove make use of very unique marketing campaigns which involves aspirational for women. A campaign designed and known a “Campaign for real beauty” that concentrates over self esteem of women. Dove make use of creative ideas and digital tools for creating a unique and attractive advertisements to flourish its brand in market. On the contrary Sure(Rexona) adopts entirely different approach. The company reaches out tocustomersthroughmagazines,pamphlets and TV advertisements for reaching to more and the larger customer base and the targeted audiences. The company do have presence on social media but in a minimal form. CONCLUSION The above report concludes the importance and need of marketing for different brand belonging to similar or separate industries. Marketing tactics enable the organisations to make
strong and efficient market presence which induces their goodwill and loyalty of customer towards the brand. Moreover, before making marketing efforts entities needs to evaluate and determine their target audiences for taking more strategical actions. REFERENCES Books and Journals Bernyte, S., 2018. Sustainability marketing communications based on consumer values and principles.Regional Formation and Development Studies,26(3), pp.26-35. Cateora, P. R. and et. al., 2020.International marketing. McGraw-Hill Education. DeLong, D. and Elbeck, M., 2018. An exploratory study of the influence of soft and hard skills onentrylevelmarketingpositioninterviews.MarketingEducationReview,28(3), pp.159-169. French, J. and Gordon, R., 2019.Strategic Social Marketing: For Behaviour and Social Change. SAGE Publications Limited. Fuciu, M. and Dumitrescu, L., 2018, June. From Marketing 1.0 To Marketing 4.0–The Evolution of theMarketingConceptintheContextofthe21STCentury.InInternational conference knowledge-based organization(Vol. 24, No. 2, pp. 43-48). Sciendo. Palmatier, R. W. and Crecelius, A. T., 2019. The “first principles” of marketing strategy.Ams Review,9(1-2), pp.5-26. Park, S., 2020.Marketing management(Vol. 3). Seohee Academy.