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P&G - Touching Lives, Improving Life
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A brief case study of the marketing management of P&G.
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P&G - Touching Lives, Improving Life
1.
P&G Touching lives, improving life. P&G
2.
Company Background
3.
Acquisitions...
4.
Charmin Paper mill - Household paper products
5.
Others include Crush International Limited - soft drinks Frostproof - citrus processing company Norwich Eaton Pharmaceuticals - prescription drug business Richardson-Vicks and G.D. Searle - Non-prescription drug business
6.
Corporate Mission : “More Consumers, In More Parts of the World, More Completely.”
7.
P&G is the leader of branded consumer goods. WHY ???
8.
1.
9.
Wide product mix.
10.
2.
11.
Selected marketing campaigns.
12.
Examples......
13.
IVORY SOAPS Marketed through magazines and direct communications targeting with it's purity and simplicity.
14.
TIDE A new synthetic formula for a detergent. Was introduced straight to market for lead on competition.
15.
PAMPERS Disposable diapers. Manufacturing efficiency made it affordable.
16.
CREST First toothpaste with fluoride. Highly improved dental health.
17.
ALWAYS Sanitary Pads. Biggest innovation in feminine hygiene history
18.
3.
19.
Connect and Develop Strategy.
20.
P&G selects potential partnership products which.....
21.
A) Has some degree of success (prototype, consumer interest)
22.
B) Represents ideas that could benefit from existing P&G capabilities.
23.
P&G Relies on global networks and outside facilitators to make connections for them...
24.
25.
As a result of this, Innovation success doubled alongwith simultaneous drop in cost of innovation.
26.
Innovation and R&D at P&G
27.
28.
7 global business units (GBUs) replaced the 4 geographic business units.
29.
50% of innovation - from P&G’s network of labs. Rest 50% - through partnerships with non- P&G scientists and engineers.
30.
P&G'S BRILLIANT MARKETING MANAGEMENT
31.
THE MARKETING STRATEGY
32.
Aim to become the leading product design company.
33.
So design was also involved in P&G's long-standing focus on functionality and price.
34.
P&G's brands faced 2 moments of truth...
35.
First on store shelf. Second when customer uses the product.
36.
Also P&G's sub-brands take leverage from the parent, i.e multi-branding.
37.
COMMITMENT TO CONSUMER
38.
Conducts group discussions, interviews consumers at home, and performs in-context visits and in- store interviews.
39.
Carries out Neuromarketing and Psychological surveys to measure mood and electric activity in brain subjected to commercials.
40.
ADVERTISING
41.
Early innovations were sponsorship of daytime radio dramas and television commercials. Also Soap Opera was first introduced.
42.
More design and emotion driven advertisements to inspire customers and employees.
43.
First a "media neutral" idea is developed and then translated across a range of media.
44.
US Olympics team in 2010. SPONSORSHIP
45.
Few automatic endorsements due to acquisitions of other companies while all other endorsements are developed. ENDORSEMENTS
46.
DIGITAL MARKETING
47.
People conduct research online for easy information. Thus websites were launched serving as help forums and community developers.
48.
Ex. The Old Spice you-tube sensation. Two web series under it's product line "My black is beautiful". Pampers.com
49.
50.
SOCIAL MEDIA P&G used Facebook as a marketing supplement. Manofthehouse.com aimed to speak to the whole man was introduced to help men who use women sites for family care duties.
51.
52.
DISCLAIMER This case analysis
on P&G was performed by Pranjal Singh, (IIT Delhi) as a part of marketing management intern under Prof. Sameer Mathur, IIM Lucknow.
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