Case Summary The case is about the La Shampoo, which is a high quality and more expensive product that has a same marketing strategy over years. From 1989 the line started to slowly decline its sales. Caroline, the brand manager wanted a new marketing plan to improve the sales and increase the market share, not to just keep the product remain on retailers’ shelves. Caroline has been assisted for the new ideas flowing in from Eric Woolf – Sales Manger & Beth Hansol – Ad Agency representative. The solutions suggested by both of them were given a thought but then Caroline wasn’t convinced about the way forward The case was also examined by five other experts, whose recommendations had potent in their own way.
Attracting and retaining them will be the most important part of the new business strategy. Supplier Power: Supplier power is high since the UMUC Haircuts will be changing its strategy to focus on elite clientele. Procuring only the best products available by demand of the customer will be a key part of the new business strategy and will have a positive impact on the business. Threat of Substitute Products or Services: The threat of substitute products is high
Therefore, companies employ various strategies to advertise and sell their products or services. Companies try to promote and sell their products to customers that they have identified in a target market. They implement marketing strategies to help accomplish the goal of profitable sales. Hence, marketing strategies are vital to the success of the company and the marketing strategy that a successful company employs will seek to overcome shortcomings and increase the company’s revenue. Lane Bryant is one such retail store that has developed marketing strategies that has made them one the most profitable retail stores for women who are larger in size.
The growth strategy of capturing market share and growing revenue to increase business presence in the market was achieved for Service Experts. When the founders though that they had a proven business module and growth strategies in place they decide to take the company public to further increase capital and obtain growth. All of these strategies proved to be a win success for the company, for it grew to revenues of $60 million after going public. What did Abrams franchise? Why does the research show that buying a good franchise is less risky than starting a business?
Also the oral care industry is growing (47% increase 2004-2009) due to increase in disposable income and influence of the western culture. Cottle has enjoyed the first mover advantage in the toothbrush market as it has competitive advantage in the manufacturing of the advanced technology toothbrushes without relying on the imported process. It enjoys a market share of 46% with only two competitors. Also Indians considered Cottle an authority in oral care and held their products in high regard because Cottle partnered frequently with IDA. Cottle, while focusing on the toothbrush market, introduced low and mid range products, being first to secure the market initially by creating brand awareness.
Without customers, there is no business or sales. Without sales, there is no reason to create new products or services. These are just a few reasons marketing is an important factor in the success of a business. Marketing is the process that a company performs to get the word “out” about new products and services. Notifying potential customers through advertising and promotional sales provides current sales of products and increases the future success rate for the company.
Even though the Brita products are a bit more expensive, people are willing to pay at that price for greater tasted water. Since Clorox is so successful, they have a significantly large marketing and R&D budget and that is where Clorox’s advantage is against their competitors. Clorox can further use this advantage. For example, Clorox can increase their advertisement either on TV or radio to attract new customers and to gain brand recognition. Clorox can also put more efforts on designing new
Cottle-Taylor: Expanding the Oral Care Group in India In my Marketing Strategy course we analyzed the Cottle-Taylor case study. In this study Brinda Patel is trying to increase the sales in India for toothbrushes. She is experiencing high pressures from her boss because he wants her to build a new marketing plan that will exceed the goal of 30% unit sales growth. He believes spending more money on advertising can help make an increase in sales. Patel is wondering if the increase in ad dollars will increase sales.
Situation analysis: a. Company objectives, background and forecast: Company objectives: Unilever main objectives are to evolve Dove product into a modern and desirable brand, while at the same time standing out against the myriad other products offered by competitors. Unilever primary objective is to increase the market share for its Dove brand. Company Background: Unilever was one of the largest consumer products companies in the world. Product line was available in 40 countries.
Trajectory of customer need is the path over time of increase in performance improvement in an industrial segment which consumers demand or want. Trajectory of technological improvement is the improvement over time in the level of product performance that technologists can provide. Ely Lilly originally pioneered the diabetes care market. It had some prosperous years, but eventually failed. In 1995, Novo, a major competitor, dominated the European market, and was building a new plant in the US, in order to produce insulin cartridges for its pen.