Marketing Plan for Unilever: Strategies for Sustainable Living
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Added on 2023/06/06
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This marketing plan for Unilever focuses on building a sustainable atmosphere for all processes and businesses. It includes an executive summary, festival schedule, mission, goals and objectives, SWOT analysis, Porter's Five Forces analysis, segmentation, target and positioning, marketing mix, and budget.
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C04544 Marketing Planning
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Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Executive Summary....................................................................................................................1 Festival Schedule........................................................................................................................1 Mission of the greats festival......................................................................................................1 Goals and Objectives..................................................................................................................1 SWOT Analysis..........................................................................................................................1 Porters Five Forces Analysis......................................................................................................1 Segmentation, Target and Positioning........................................................................................1 Marketing Mix............................................................................................................................1 Schedule and marketing budget..................................................................................................1 CONCLUSION...............................................................................................................................1 REFERENCES................................................................................................................................1
INTRODUCTION Marketing Plan is a document which upholds the strategies which the company needs to apply for its advertising campaigns, successful execution of the strategies helps the organisation to achieves its predetermined goals and objectives and create its brand value. Marketing plan successfully helps the organisations to reach n number of audience and target the specific ones which helps brand like Unilever to penetrate the market. MAIN BODY Executive Summary Unilever primarily made its presence in London and is recognised as a consumer goods company which operates in the Fast moving consumer goods sector. The company is focusing on building a strong and cordial relationship with its customers by provide the wide range of the products along with the value of money, which is highly appreciated by the customers. As the FMCG sector is highly competitive, Unilever too faces a lot of competition from the well established brands, on contrary the organisation do not need to worry about the new entrants in the sector as it is not a piece if cake to provide the quality along with the value of money like Unilever do. Festival Schedule The festival schedule of Unilever had a primary focus to inspire the marketers through which they will be able to transform the brand image along with their career growth. The event hosted by Unilever lasted for 3 days which gave a big welcome to the year 2022. Mission of the greats festival The mission of the greats festival of Unilever was to expand the brand horizon along with the company focused on being real for its customers and solve real problems that people are facing which needs the highest priority(Musah,and Tul 2018).The another objective was to make the brand unmissable which meant to expand the company’s accessibility and feasibility. 1
Goals and Objectives Unilever's goal is to make sustainable living a common place which extensively focuses on building a sustainable atmosphere for all the processes and businesses. The primary objectives of the organisation is to develop the product portfolio in spaces which have high growth, executing the business for the betterment of individuals. SWOT Analysis Strengths:Thecompanyishavingawide operationalrangewhichprovidesthe marketing teams a large demographics to deal with which allows them to experiment with their tactics. Weakness:Themarketingteamsofother brands such as P&G and Nestle are equally strongacapableastheUnilever'swhich creates a lot of pressure. Opportunity:The arising usage of social media and the indulge of adapting western lifestyle has been beneficial for the company. Threats:Thepresentglobalcriseshave affected the FMCG sectors badly, and Unilever is not saved from the effects. Porters Five Forces Analysis Competitive RivalryAs the FMCG sector is having many well establishedplayerswhohaveadevoted marketing teams makes it tough for Unilever to sustain its brand value Potential of new EntrantsAs the brand is too having a strong grip in the sectors and its customers have loyalty for the company,whichmakesittoughfornew entrants to make their space(Humphries-Kil, 2019). Power of suppliersCompetitivemarketinghasprovided quality informationtotheconsumerswhichhas triggered the low switching cost. 2
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Power of customersAs now the customers have a wide range of options to choose from this indicate the low switching cost of the consumers which have a strong impact on the brand. Threat of substitutesThroughitsmarketingteam,Unileverhas showcased the value of money and the quality thatthebrandprovideswhichcannotbe copied. Segmentation, Target and Positioning Segmentation:Along with the marketing strategies of the company, the brand is able to segment itsproductsonthebasisofdemographic,geographic,psychographicandbehavioural segmentation which helps the brand to market it product for the targeted audience(Dubey, 2022) Target:On the basis of the vision the mission of the brand, targeting is done as this helps the company to present its products to those individual who are interested in purchasing. Positioning:Through its marketing tactics the company very strategically has created its market position as a sustainable brand. Marketing Mix The marketing team of Unilever very wisely and strategically analysis the environment on the basis of the 4Ps of marketing. On the basis of which strategies are formulated which helps the business to sustain its brand image along with provide the qualities that has been promised by the brand in respect of sustainability. 3
Schedule and marketing budget In order to develop this marketing campaign and centre it around the festivals conducted by Unilever, a budget has been developed below which helps add credibility to this proposed marketing campaign. This budget will also be supplemented by a tight schedule of operational activities which will help the company succeed in its promotional efforts. ParticularsYear 1Year 2Year 3Year 4Year 5 Opening Capital015000001090000835000573000 Investment20000000000 Total200000015000001090000835000573000 Marketing Outflow Marketing350000250000175000185000175000 Publicity10000085000800007700090000 Special discount scheme development5000075000000 500000410000255000262000265000 Closing Capital15000001090000835000573000308000 The schedule of the proposed plan has been highlighted herein. Market research on changing consumer trends Development of marketing objectives Implementing special promotional schemes on account of the special festival Using digital marketing techniques such as search engine optimization and integrated digital marketing communications network across social media channels CONCLUSION This document aimed to develop the marketing strategy of Unilever on the basis of several analysis frameworks which helps in analysis of the micro as well as the macro factors which affects the execution of the business operations and can prove to be a decision factor for the company market place. 4
REFERENCES Books and Journals: Musah, S. and Tul, S.I., THE SPECIFICITY OF INTERNATIONAL ECONOMIC ACTIVITY OFFAST-MOVINGCONSUMERGOODSCOMPANIES(BASEDONTHE «UNILEVER GROUP»). Редакційна колегія, p.333. Dubey, A., 2022. Understanding the consumer: A comparison of buying behaviour among consumers of Hindustan Unilever and Patanjali products. Applied Marketing Analytics, 7(3), pp.276-287. Humphries-Kil,M.,2019.UnileverandLeadership:Gender,Race,andClassificationin CorporateGlobalisation.InSAGEBusinessCases.SAGEPublications:SAGE Business Cases Originals. 5