This report discusses the marketing plan for Unilever Plc, a multinational organization offering a variety of products. It includes a SWOT analysis, STP model, action plan, and control measures for effective marketing strategies. The report also highlights the vision, mission, and objectives of Unilever Plc.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing plan
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Marketing plan is defined as that plan in which effective marketing strategies are framed by a business concern in order to achieve the objectives as well as goals of the organisational in an effective and efficient way. It is a document that facilitates an organisation by laying out is marketing efforts in a period which is to be come usually a year and traces promotional as well as marketing strategies along with advertising business activities that are planned for period. In this report, a marketing plan is going to be discussed on Unilever Plc in order to enhance marketing strategies for its products. MAIN BODY Unilever Plc is a multinational organisation that is located in London, England and is offering a variety of products such as home and health care products, food products, etc. to its customers(Calzada, 2020). Below is a marketing plan of Unilever that would help the company in enhancing its marketing strategies to sell its products in large quantity. Executive summary: Within Unilever, marketing plan is designed in order to recognised the targeted-audience and fordeveloping marketing strategies to reach out to them. Marketing plan for respective organisation consists of situational analysis, sales forecast, budget and different promotional strategies. Vision:The vision of Unilever is to make sustainable living commonplace and the company believes that it is the best long-term way for the growth of its business. Mission:The mission of Unilever is to add vitality to life as the company meets everyday requirements of its customers regarding nutrition, hygiene as well as personal care with brands that facilitate people in feeling good, looking good and getting more out of life(Fotiadis, Mombeuil and Valek, 2018). Objectives: To enhance customer satisfaction by 10% in a year by serving new and innovative products to customers in order to expand value of services. To extend the selling of products by 15% in a year in order to enhance business operations and profitability. SWOT Analysis:
This tool helps the administrators of Unilever in measuring and analysing the internal strengths as well as weaknesses along with the external opportunities and threats that influence performance of business operations within company. SWOT Analysis of Unilever is explained as under: Strengths:The company has a wide as well as deep portfolio of brands and it is also having a large number of products such as home care products, health care products, food products,etc(Hanlon,2022). Thismakethecompanyauniqueorganisationand positioned at top because it is delivering its products according to the changing customer preferences across the world. Weaknesses:The major weakness of Unilever is that the products of the organisation can easily be replaced with its substitutes especially in the emerging markets of Asia as well as Africa where rural consumers in hinterland frequently using natural as well as traditional options of the products that are offered by Unilever. Opportunities:It is a major opportunity for Unilever to introduce the products by considering health consciousness as consumers are more aware about their health after pandemic situation of COVID-19. This would help the company in expanding its market segment and creates a good brand image within market place. Threats:High level of competition within the markets of UK can be a major threat for Unilever as there are various rivalries of the organisation such as Nestle, P&G, Johnson & Johnson, Mars and many more. These organisations are working in an innovative culture of the workplace and are bringing innovative products so it can be a threat for Unilever as innovative products can seize the market share of Unilever. STP: It is a three phase model that facilitates in identifying the market segments to target its potential customers in order to sell the products in an effective manner(Raji, 2019). Unilever would use this marketing model for classifying propositions through evolving as well as serving significant information for attracting more customers. The STP model for Unilever is discussed as follows: Segmentation:This process assists managers of organisation in dividing the markets into small segments of recognisable as well as different groups of customers in order to
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
determine importance of each market segment. Unilever use this approach to categorise its customers on the basis of age, location, etc. Targeting:In this process, attractive market segments are targeted from stage of segmentation. Administrators of Unilever can select the targeting strategy of location in order to expand its business operations throughout the world including those countries in which it does not exist currently. Positioning:This last phase of STP model helps in analysing the comparison between the products of organisation and its competitors(Westwood, 2019). The company can use various promotional strategies such as offline and online advertising, social media advertising, digital marketing and many more. This would help Unilever in gaining competitive advantages over its competitors in the market-place. Action Plan: The action plan for Unilever has been based on 4Ps of marketing mix that is discussed as below: Product:Unilever is offering a wide variety of products like food products, health and home care products with superior quality that would help it in capturing more customers. Price:Respective company is using cost plus pricing strategy that would facilitate it in increasing its business operations by gaining considerable margin of profits over the cost. Place:Unilever can expand its market in those places also in which it is currently not present or conductingbusinessoperations.It would helpcompanyin maximising profitability and productivity level. Promotion:Company can use social media as a promotional strategy in order to advertise its products through describing new features and benefits of them. Forecast: This concept helps Unilever in identifying business opportunities and also prepares managers in order to overcome challenges within business. In this stage, an estimated budget can be designed for optimum utilisation of resources. ParticularsAmount (£) Trainer200000 Marketing50000
Safety measures50000 Equipments400000 Total700000 Control: It is final stage of marketing plan that helps in controlling those business activities that are generating losses within organisation. This helps in measuring and analysing performance of business as a whole by making a comparison with performance of standard one. It helps Unilever in extending profitability level though minimising waste that is generating through products. Therefore, this function is significant in marketing plan in order to check errors occurred and takes corrective actions against them to rectify. CONCLUSION From above explanation of report, it has been concluded that marketing plan helps a business by framing effective marketing strategies for promoting and selling organisational products. In this report a marketing plan has been designed in context to Unilever that helped company in enhancing its market segments as well as customers.
REFERENCES Books and Journals Calzada,J.A.,2020.Communication,MarketingPlan,andStrategy.InComprehensive Healthcare Simulation: Program & Center Development(pp. 133-140). Springer, Cham. Fotiadis, A., Mombeuil, C. and Valek, N.S., 2018. Designing and implementing a marketing plan.InTheEmeraldHandbookofEntrepreneurshipinTourism,Traveland Hospitality. Emerald Publishing Limited. Hanlon, A., 2022.Digital marketing: strategic planning & integration. Sage. Raji, S. J., 2019. Introducing 5P’s Methodology as Healthcare Marketing Plan: Using 5P’s Healthcare Marketing Plan in Diabetic Foot Care Management.Indian Journal of Public Health Research & Development,10(6). Westwood, J., 2019.How to Write a Marketing Plan: Define Your Strategy, Plan Effectively and Reach Your Marketing Goals(Vol. 152). Kogan Page Publishers.