This assignment explores the concept of marketing mix and its application in the case of Dove and Sure. It discusses the importance of target market, product/brand, price, place, and promotion in marketing strategies. The effectiveness of marketing mix and STP planning process is also analyzed.
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The 4Ps/Marketing Mix
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Executive summary Marketing mix refers to the several elements which is helpful for running business successfully. Moreover, this assignment will explain several marketing principles along with different types of factors which relates marketing like product, price, place, promotion. Another hand, marketing is most considerable part of every firm towards targeting potential customers within short period of time. There are two types of organisations named as Sure and Dove both are dealing with Women deodorant as women are more conscious towards hair as well as beauty. Thus, both firm use such kind of marketing principles to reach high position at marketplace.
INTRODUCTION Marketing mix has been defined as set of actions as well as tactics which is used by firms in order to promote its product and brand within the marketplace. Whereas, 4P'S of marketing mix includes product, price, place and promotion. Nowadays, marketing mix regularly increasing by having some another P'S such as people, positioning, packaging along with vital mix elements. Therefore, marketing plays significant role within every organisation or firm. This assignment is based on two organisations named as Dove, it is personal care brand was founded byUnileverin1955.whereas,Surealsodealswithdeodorantandsomanyproducts. Furthermore, this assignment includes effectiveness of marketing mix for firms along with STP marketing planning process will get covered (Ottman, 2017). Target Market It refers to the large number group of customers within services or business that available at market in which business have purpose to put huge marketing efforts along with resources in order to achieve targeted goals and objectives in an appropriate manner. Thus, target markets based on income, locations and lifestyle of people which is profitable for firms to run business successfully. This analysis is based on STP planning process that helps businesses towards increasing their sales and revenue at highest level. In context of Dove (deodorant for women), it is considered as premium brand at marketplace(Notta and Vlachvei, 2015). For segmenting its market they use demographics, behavioural, psycho graphics and geographic, thus they focuses on demographics segmentation by which they can concentrates on all women above 18 years as they always conscious about skin care. Therefore, they always wants to use qualitative products of skin. So hat they can easily target women of all ages and they can easily purchase deodorant of Dove. Apart from this respective firm is able to make position of its deodorant product by satisfying needs and wants of women. In regards with Sure, it is related with Rexona brand deals with several kind of goods and services like beauty care products for women such as deodorant, shampoo, soap and many more. In order to segmenting its goods and services in which oner of the famous product is deodorant they use psycho graphic segmentation by which they can understand lifestyle, values, attitudes and interest of people. By segmenting process they are able to target market by executing several 1
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strategies so that they can analyse its sales and profit. Thus, they can effective give proper position of their product through satisfying consumer's needs and wants. Product/Brand In order to understand different types of brand and products, Levitt's model has been used which identified several shape, colour, size, packaging of particular goods and services. Some levels of this model are following below: Core need:In regards with Dove (deodorant for women) core need of this company is to produce and develop best quality of goods and services so that they can satisfy all over needs and wants of people in an effective manner. Thus, they are manufacturing more attractive bottle for sprays used by women along with satisfied them. In the case of Sure, as it deals with deodorant for women so that they are generally required huge resources in order to provide better deodorant for females so that they can effectivelyprovideseveralfragrancethataccomplishcustomer'sandfirm'sgoals(Lee, Kozlenkova and Palmatier, 2015). Actual product:As per this level both brand able to show its actuality of goods at marketplace. Thus, it can be said that Dove includes huge variety of goods like antiperspirants, boy wash, beauty bars and so on. Whereas, actual goods of Sure consist body spray for women that makes their sustainability at marketplace. Expected product:In this level, both companies are needed to have huge resources and goods by which they can satisfy consumer's expectation through execution of several colours and shape of bottles. Augmented product:As per this both brands or businesses are required to earn huge benefits for consumers such as producing huge discounted products so that they can achieve its goals. Potential product:In this level of model there are several types of items manufactured by both brands in which deodorant is one of the potential product for women that satisfied their wants and demands on time. With the help of possible goods they achieve successful goals. Through following several levels of respected model this can be said that, if both brands are able to implements on these assorted stages than they can satisfied customers needs on time which is beneficial for them to achieve targeted goals. 2
Price In regards with Dove, pricing strategy is based on affordable and reasonable cost by which they can beat competition along with able to satisfy consumers desires on time. Thus, they always implements on great pricing policy that satisfy customers into competitive scenario. DoveSure £0.78~1.30£1.35~2.02 10.0p~20.5p38.9p~54.0p According to the above mentioned table it can be said that, Sure firm having high cost of its deodorant product as they have great image at marketplace. Whereas, Dove having great experience as they have effective costing strategies. In the context of Sure, products of this organisation based on variable pricing strategy which is easy for those customers who willingly by their goods and services. As women spray from Sure are very famous thus they have give special offers as well as discount with certain amount to satisfying overall desires of people. Place Dove:It is a global brand with great presence. Thus, it has wide network in so many parts of world as they manufactures large number of goods and services in several countries like Pakistan, South Africa, Ireland and many more(Lacoste, 2016). Thus, they have responsibility to provide its products easily to customers so that they can achieve their targeted goals. Sure:Product of this organisation spread worldwide along with it has been formed as one of the best brand during antiperspirants. Thus, availability of this brand products everywhere. With the help of this they can give huge services of its products to customers whereas, women deodorant are very famous so that they generally attain huge profits. Promotion In context of Dove, it has huge brand awareness within the consumer market so that it is easy for them to advertising and branding. Therefore, there are lots of marketing policies that plays significant role towards making brand successful. By doing advertisement always increase 3
brand visibility of brand and positively impact on consumer's mind. For advertising large number of goods and services they are using different types of channels such as print media, radio television, newspapers, magazines and billboards(Kotoua and Ilkan, 2017). For instance, as they has been decided to go with women deodorant as women commonly use such kind of products in order to protect skin from any negative issue. For better advertisement of this, they use social media or online websites that develop better image of this firm within their consumer's mind. Therefore, Promotional strategies have direct impact on profit or probability of firm. In regards with Sure, they have been promoting its goods and services through using unconventional or traditional ways since established its goods. In order to use best promotional strategies they use large number of websites as well as social platform by which they can create awareness of its particular goods and services within the consumer's mind. On the other side, there are so many different ways of developing best promotional strategical ideas in order to achieve targeted goals through execution of several ideas or thoughts in a perfect way. According to the above mentioned marketing mix it can be said by using several tools and techniques both firms are able to achieve its desired goals and objectives in short period of time. Along with, it helps firm to both brands encourage them towards achievement of targeted goals and objectives in a perfect way(Murthy and Kumar, 2015). 4
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CONCLUSION As per the above mentioned report it has been analysed that, principles of marketing as well as marketing mix refers to the collaboration of several tools and tactics in order to develop best ways to run business successfully. In this assignment two firms have been selected that always follow such kind of marketing mix or principles by which they can make different types of strategical ways to make effective sustainability of business in an appropriate manner. Apart from this using of STP planning process also helps them to segment goods and services as per the targeted market in order to give better position of their goods and services effectively. 5
REFERENCES Books and Journals Kotoua, S. and Ilkan, M., 2017. Tourism destination marketing and information technology in Ghana.Journal of destination marketing & management. 6(2). pp.127-135. Lacoste, S., 2016. Sustainable value co-creation in business networks.Industrial Marketing Management,52, pp.151-162. Lee,J.Y.,Kozlenkova,I.V.andPalmatier,R.W.,2015.Structuralmarketing:Using organizational structure to achieve marketing objectives.Journal of the Academy of Marketing Science,43(1), pp.73-99. Murthy, D.N. and Kumar, B.V., 2015. Internet of things (IoT): is IoT a disruptive technology or a disruptive business model?.Indian Journal of Marketing,45(8), pp.18-27. Notta, O. and Vlachvei, A., 2015. Changes in marketing strategies during recession.Procedia Economics and Finance.24. pp.485-490. Ottman, J., 2017.The new rules of green marketing: Strategies, tools, and inspiration for sustainable branding. Routledge. 6