This is a final project that was done by Dov Shore, Yechezkel Gorelik, and Ezra Elzas. It was an analysis of a Dutch Company 2Improve. This is a company that sells acne cream to both male and female consumers.
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To Improve @Improve
1. Machon Lev
Technology Marketing
and Management Team: Ezra Elzas
Yechezkel Gorelik
07-June-2012
17- Sivan-5772 Dov Shore
Advisor: Dr. C. Ehrman
1
2. Founded in 2007 by Dr. Jim Wikler
OTC Acne Treatment Company
www.tooimprove.com
Based in Amsterdam,
The Netherlands
“Young and Hip” Image
2
3. As of 2008 the European OTC Skin Care
Market is worth €3.3 Billion, and the Acne
Market in particular is worth €561 Million.
Biggest competition includes: Garnier,
L’Oreal and Clearasil. OTC Skin Care Market
In The Netherlands 3.3 Billion
Acne
no medical proof 0% 0%
Cream
is required. Market
17%
Increase in health
conscious consumers.
83%
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4. Toenlargen the market share of 2Improve
significantly.
• Analyse the market
• Assemble two surveys
1
• Distribute the surveys
• Analyse the results
2
• Create various courses of actions and
suggestions
3 • Hand in the research and suggestions
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5. People tend to distrust pharmaceutical
Older
Population
advertisements. They are perceived to be
highly biased. (Diehl, 2008)
The color blue gives a positive impact to
Increase
Pursuit of Wealth in
Germanic females. Colors have been proved
Agelessness Emerging
Industry Economies
to increase product recognition by 80 %.
(Aarti, 2010)
Advertisement is Growth one-way
no longer a
channel. (Scot, 2011)
Increased
Technological
Health
Advances
Awareness
Market research
World (2012)
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6. Find out what consumers are looking
for in their acne treatment product.
Identify the key characteristics that
appeal to the consumers.
Determine characteristics by
demograpahics.
Identify room for improvement.
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7. 4
Conjoint Analysis
2Improve scores well
3.5
4.5
on Price and Result.
4
3
They can do better at
3.5
2.5
Time and Distribution.
3
2
2.5
1.5 2Improve
2
1 Overall Average
Outcome is the most
1.5
0.5
important.
1
0
Price
0.5 can be raised as
long as outcome and
0
timespan stay the
Outcome Timespan Low Price
same. 2Improve Industry
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9. Results
Results Price Irrelevant
of Price
Time
With Not
Time Reach
Going
Too Far
A
Price Way Cheap
Way
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10. To gauge performance based on
customer feedback.
Identify the main media source for
consumers.
Identify repeat customer rate.
Identify level of happiness within
different areas.
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12. • “Packaging and
Time- Cheap
Post” has a span
Price
& Fast
positive effect
when the product
was purchased
for others. Packaging
Post
Packaging
& Post
• “Cheap and Fast”
has no influence
on purchases Outcome Quality
made based on
magazine
advertisments.
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13. The USP of having a gel and wash should be
promoted further.
Research has shown that the color blue
would be better for the female line of
products.
There is room to raise the products prices as
long as the outcome stays the same.
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14. Customers are satisfied with the price and
result of 2Improves products. However, time
and distribution could be improved.
2Improve should continue their positive
trend of promoting through radio
advertisments and Google’s AdWords.
“Packaging and Post” has significant
influence on customers purchasing the
product for others.
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15. Male and female lines were marketed well
and received as expected by customers.
To give 2Improve an edge over the
competition they could conduct medical
proof.
Further data analysis and sources can be found in the “To
improve 2Improve” final report.
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