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4 P’s of Sunsilk

4 P’s of Sunsilk

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Sunsilk Sunsilk Document Transcript

  • MARKETING MANAGEMENT 4 P’s of Sunsilk
  • 1. INDUSTRY PROFILE Shampoo in India was derived from the Hindi word ‘Champi’ meaning hair massage. The introduction of shampoo in India dates back to the British reign in the country. Being a recent development the growth of shampoo or rather the penetration levels of shampoo in the India has been commendable. The shampoo market in India is estimated to be Rs 2,500-3,000 crore. The shampoo market is India is categorized according to the benefits they provide. Mostly consisting of three kinds of shampoos cosmetic, herbal and anti-dandruff, the shampoo market in India has managed to tap users of the various segments according to their requirements and preferences. Due to the continuous efforts of the top shampoo brands in India penetration of shampoos in urban areas is almost 100%. As far as penetration of shampoo in the rural areas is concerned it has raised by almost 18% in the current scenario. The top shampoo brands in India include Sunsilk, Clinic Plus, Dove and Pantene. The company that leads the shampoo market in India is Hindustan Unilever Limited. The top three most sought after brands Sunsilk, Dove and Clinic are produced by HUL. The company holds a 44% market share in the Indian shampoo industry. It is said that HUL learns almost 8% of its revenue from the sale of these products The other recent brand that has taken the Indian personal care industry by storm is Pantene. Since its very inception the brand was a best seller. 2.COMPANY PROFILE Unilever, an Anglo-Dutch company, was formed in 1930 as a result of a merger between British soap maker Lever Brothers and Dutch margarine producer Margarine Union. Hindustan Unilever Limited (HUL) is a subsidiary of Unilever; one of the world’s leading suppliers of fast moving consumer goods with strong
  • local roots in more than 100countries across the globe with annual sales of about €40 billion. HUL is the first foreign subsidiary to offer 10% of its equity to Indian public. Hindustan Unilever Limited (HUL) was formed in 1933 as Lever Brothers India Limited and came into being in 1956 as Hindustan Lever Limited through a merger of Lever Brothers, Hindustan Vanaspati Mfg. Co. Ltd. and United Traders Ltd. It is headquartered in Mumbai, India and has an employee strength of over 15,000 employees and contributes to indirect employment of over 52,000 people. The company was renamed in June 2007 as “Hindustan Unilever Limited”. Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods Company, touching the lives of two out of three Indians with over 20 distinct categories in Home & Personal Care Products and Foods & Beverages. The company’s Turnover is Rs. 17,523 crores (for the financial year 2009 - 2010). In 2009 Unilever has about 52%shareholding in HUL. Hindustan Unilever was recently rated among the top four companies globally in the list of “Global Top Companies for Leaders” by a study sponsored by Hewitt Associates, in partnership with Fortune magazine and the RBL Group. The company was ranked number one in the Asia-Pacific region and in India. HUL VISION The four pillars of HUL vision set out the long term direction for the company – where we want to go and how we are going to get there: •work to create a better future every day •help people feel good, look good and get more out of life with brands and services that are good for them and good for others.
  • •will inspire people to take small everyday actions that can add up to a big difference for the world. •will develop new ways of doing business with the aim of doubling the size of our company while reducing our environmental impact. HUL MISSION To help people feel good, look good and get more out of life with brands and services that are good for them and good for others. It is a mission HUL shares with its parent company, Unilever. HUL’S Purpose & Principles Our corporate purpose states that to succeed requires "the highest standards of corporate behavior towards everyone we work with, the communities we touch, and the environment on which we have an impact." Always working with integrity Conducting our operations with integrity and with respect for the many people, organizations and environments our business touches has always been at the heart of our corporate responsibility. Positive impact We aim to make a positive impact in many ways: through our brands, our commercial operations and relationships, through voluntary contributions, and through the various other ways in which we engage with society.
  • 4P’S OF SUNSILK 1. PRODUCT Point Of Parity For an offering to achieve a point of parity on a particular attribute or benefit, a sufficient number of customers must believe the brand is good enough on that dimension Like others SUNSILK consists of such POPs are:1.Dream soft & smooth2.Stunning Black Shine3.Lusciously Thick & Long4.Anti-Dandruff Solution5.Hair Fall Solution Point of Difference (POD)With point of difference, the brand must demonstrate clear superiority. Sunsilk’s PODs is Co-creation. They came with this idea to grab the market and to be superior in the market. From 2009 Sunsilk started working with a number of professional hair "experts" to develop new and improved products. Each hair issue variant links to an expert with the relevant specialist hair knowledge.CO-CREATED BY 7 OF THE BEST HAIR EXPERTS IN THE WORLD. Branding Decisions:
  • Branding strategy is one of the most vital decisions taking by marketers. It is a strategy, which brings lots of positive feedback for a firm. Individual name: Unilever follow individual name for setting brand name for their different products, such as Sunsilk, Dove (Shampoo), Ponds, Fair & lovely, Dove for skin care .Brand Elements: Brand elements can play a number of brand building roles. Brand elements are those trademark able devices that identify and differentiate the brand. Branding strategy 1. Memorable: every consumers mind catches the brand name.Their marketing programs set the brand name in consumers mind. Their short brand namesuch as: Dove, ponds, Sunsilk etc. are easily memorable. 2. Meaningful: Every consumer has a clear meaning about Sunsilk. Consumer thinks about sunsilk as a product which solve their problem relating with hair. 3. Likable: From our research we found that most of the people like the brand verbally and visually 4. Protectable: The brand name is legally and competitively protectable. The brand retain their trade mark rights and not generic. PRODUCT RANGE Currently, the range consists of:♦Yellow Sunsilk with Bio Proteins from Vegetable Extracts: Normal hair needs wholesome nourishment. New Sunsilk with Bio
  • Protein extracted from Vegetable milk has nutrients that deeply penetrate each hair strand, to nourish it leaving hair strong and beautiful. ♦Black Sunsilk with Melanin from Plant Extracts: Dull hair needs a rich black shine. New Sunsilk with Melanin extracted from plants serves this purpose very effectively. It helps in the growth and retention of the black color of hair, giving it a rich black shine. ♦Green Sunsilk with Fruitarians Vitamins from fruit Extracts: Thin and limp hair needs extra body and volume. New sunsilk with Fruitarians has natural extracts from fruit that contains Vitamins. These vitamins help in giving extra body, shine and amazing manageability to the thinning and lifeless hair. ♦Pink Sunsilk with yoghurt proteins: Dry hair needs wholesome conditioning, extra shine and style. New Sunsilk with yoghurt proteins makes the dry hair full of life. Its especial ingredients moisturize each hair right to its tips leaving it shiny and beautiful. ♦Orange Sunsilk with active nutrients from Citrus Extracts: The advanced formula of orange Sunsilk is the result of the latest research. This shampoo is especially designed for oily hair type that looks flat and greasy due to the excess of moisture. New sunsilk with active ingredients from citrus extracts cleans the excess oil off hair while its nutrients deeply penetrate each hair strand to nourish it. Sunsilk has teamed up with seven pioneering global hair experts to bring to Australia the world’s first co-created product range for all specific hair types. Hailing from fashion hubs of the world – New York, London, Paris, Tokyo and Los Angeles – the seven hand-picked hair experts have a combined 50 years’
  • experience working in the hair industry and were selected for their specialties after an extensive search that lasted almost a year: •Tom Taw (London) – Dry & damaged hair •Teddy Charles (Paris) – Volume •Rita Hazan (New York) – Color protection •Yuko Yamashita (Japan) – Straight •Ouidad (New York) – Curls •Dr Francesca Fusco (NY) – Dandruff and Scalp issues •Jamal Hammadi (LA) – Shine - PRICING HUL claims to practice value-based pricing in which the customers’ perception of the product’s price provides a starting point for developing the marketing mix of the product. The research department determines this price usually by using focus groups. The priceof Re 1 and 2 for Sunsilk shampoo sachets shows how the price also reflects a concern to make the purchase more convenient, since the rupee is denoted in this value. Sunsilk is also available in Rs 45 and Rs 169 price bottles to cater to the demands keeping in mind the wants of this particular customer segment. The primary importance of this value-based pricing is that the product demand wills be much higher if its price is in line with the customer’s perception of its value. One crucial concern for value-based pricing is strict management of cost in order to be able to make a profit at the value-based price. After the initial price is determined, HUL then uses target costing in order to achieve the required profits.-
  • -PROMOTION •Build top of the line consumers’ awareness. •Creating a personality of the brand. Besides having these general objectives, the advertising objectives are set avoiding to the advertising strategy for each product, e.g. Sunsilk advertising objectives since it was being re-launched were: •To increase the usage.• Conditioning benefits .•Makes the hair appear clean and shiny. •Imparts a feeling of freshness-due to fragrance. •Easy to manage, silky, soft hair. •Unique shampoo for every hair type. Promotional strategy to attract women to the brand television shows.
  • “Fashion” Sunsilk has come up with a new promotional campaign GOOD HAIR DAYS in six major cities in collaboration with famous hair stylists of the country along with erences HUL believes that messages about product delivered by credible sources can be very persuasive. Hence Jawed Habib who is a hair care expert endorses Sunsilk and more value is added to the brand. Consumers relate to products itself, they can relate to a human being who consumers believe is an expert so Jawed Habib is an expert so is Sunsilk. Jawed Habib, a recognized and highly qualified hair stylist is used by Sunsilk in its ads because they want to bring out an expert’s image. PLACE Distribution Objective: “To reach as many towns and villages as we can” HINDUSTAN UNILEVER has 150 distributors whose function is to sell to wholesaler s directly. There are different distributors for different areas. They are carefully selected and their performance is constantly evaluated. OUTLETS, RETAILERS.