Nivea Case Study

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  1. NIVEA Case Study
  2. You can download this presentation at: www.cleverpresentations.com Please visit www.cleverpresentations.com for more presentations on marketing, strategy and case solution
  3. Introduction
    • Market research is systematic collection and analysis of data relating to sale and distribution of financial products and services. Market research is an early step in the marketing process, and includes an analysis of market demand for a new product, or for existing products, as well as appropriate methods of distributing those products.
  4. Introduction Market Reserach Product Testing Production
  5. Market research
    • Market research provides businesses with information about their customers, their competitors, and their overall industry. It is commonly used to identify marketing problems and opportunities, as well as to develop and evaluate the effectiveness of marketing strategies.
    • It helps Beiersdorf to meet its customers' needs and thus secure the long-tem future of the business. Research is linked into new product development to satisfy these needs.
  6. Market research – Details
    • Market research has two main purposes – to inform companies about consumers and markets and to give consumers the opportunity to make their views known to producers.
    • Consumers' insights are what drive new product development. In an international business, the challenge is to find consumer wants and needs that are the same in different nations and cultures.
  7. Market research – Details
    • The main types of research tools used to find information that could be linked to NIVEA Deodorant were:
      • Primary Research - used to collect brand new data. This told researchers that women shaved their underarms more often and wanted to look after them in all seasons. Much of this was qualitative research – collecting views and opinions.
      • Secondary Research – uses existing data. A consumer usage and attitude survey had been conducted a few years previously and there was an external study about the importance of fragrance products.
    • The market research showed that there was an unexplored market for a new product that addressed the idea of 'underarm beauty'.
  8. Creating the Product
    • Working with the research conclusions, the marketing team created product ideas. Several key features of the product emerged and the business needed to know which of these was most important. To test this, quantitative research (where returns can be measured) was carried out in France and Germany. Consumers were shown just one product concept each to gain their views. Concepts tested were:
      • The core benefits of the product as a fragrant deodorant
      • Additional benefits such as the 'silky' feel to the skin
      • Relevance of the product to the target market.
    • After finding the 'winning' concept, marketers tested possible names, packaging and price.
  9. Product Testing
    • The next stage was to test the product on actual customers. The product was 'blind tested' by a group of target consumers for a week. This means that they could not form an opinion based on brand or image. They tested the new deodorant under one armpit and compared it with their usual brand under the other armpit. Results were very positive for NIVEA. NIVEA Pearl and Beauty was added to the range of products. The next stage is to advertise the product. This requires even more research before suitable media and messages are chosen. Even after the product is launched, research still goes on to track sales and success.
  10. Thank You

+ Adhirock Adhirock , 3 years ago

custom

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Nivea Case Study

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