Nivea Marketing Plan: A Comprehensive Analysis of Market Strategy
VerifiedAdded on 2023/04/21
|9
|1582
|255
Report
AI Summary
This report provides a comprehensive marketing plan for Nivea, addressing the issue of declining market share in the men's grooming sector. It begins by identifying the problem and conducting a situational analysis, including a SWOT analysis to assess Nivea's strengths, weaknesses, opportunities, and threats. The report then explores alternative strategies for improving Nivea's market position, such as potential mergers and enhanced advertising campaigns. Specific recommendations include launching celebrity-endorsed media campaigns, innovating in post-shave product offerings, and specializing in grooming products tailored to men's unique needs. The summary plan focuses on shifting consumer attention from mere skincare product purchases to increased brand engagement, targeting men aged 18-35, and leveraging both online and offline platforms for media positioning, including social media marketing, email campaigns, and print leaflets with discounted prices to attract a broader customer base.
1 out of 9