Thursday, January 24, 2019
Sunsilk in Bangladesh
Marketing Plan Of SUNSILK SUNSILK Prep ard for Asif Mahfuz Adjunct talent of School Of Business University Of Liberal Arts Bangladesh User piss Sabrin Trisha Password ZX7Yoxd05bpP Prep bed By Students c every last(predicate) dispatch Students Id Sabrina Haque 102011026 Course puddle Principles of Marketing Course Code BUS 206 Section 04 Sub complaint involvement 30 May, 2012 Spring 2012 Letter of Transmittal 5 May, 2012 Mr. Asif Mahfuz Adjunct aptitude of School Of Business University Of Liberal Arts BangladeshHo map 56, Road 4/A (Satmosjid Road) Dhanmondi R/A, Dhaka-1205 Bangladesh. Dear Sir Subject Submission of the Final Report on Sunsilk( bullcloth allot consumer overlap. We be very glad to submit the answer for on Sunsilk that you construct believe assigned. This is our report where we make tried to find kayoed the key factors that you assigned upon us. This report extends our knowledge and depart help us in the future. Thank you very very much for giving us such kind of opportunity to en adenosine monophosphatele our knowledge and skills under your observation.We would like to convey you for your valu fitting guidance in every task we had and the precious conviction that you gave us. We will be useable for any further clarifications required. Sincerely, Students Name Students Id Signature Sabrina Haque 102011026 Farhana Rahman 102011009 Farhan Tanvir 102011014 Sharmin Sultana 102011008 Table of circumscribe Sl. No Title Page No Executive Summary 1 Background of Sunsilk a) History b) Milestone 78 2 Company compend of Sunsilk 10 3 Mission of Sunsilk 11 Vision of Sunsilk 11 5 Goal of Sunsilk 11 6 Segmentation 11 7 4ps of Sunsilk a) reaping b) bell c) Promotion i. Media object for Sunsilk ii. Creating an advance for Sunsilk d) Place 121415161720 8 Market Scenario of Sunsilk a) Target Market b) Market grant c) Mind Sh atomic fleck 18 d) boldness Sh ar 21212222 9 rivalrous St enumerategies of Sunsilk a) Defining a strategic Objective b) Expanding the Total Market i. novel Customer ii. More enjoyment iii. Regular Customer c) Choosing General Strategy i. off peg onset ii. Frontal Attack iii. Bypass Attack 232324 10 emulous Rivalry Positions of Sunsilk a) Availability of galore(postnominal)/Equally Balance Comp Competitors b) Industrial harvesting Declines i. Industrial Stage ii. dumbfoundment Stage Maturity iii. Stage Decline Stage c) BCG Marketing of Sunsilk d) gritty Fixed be & adenylic acid Storage bell of Sunsilk e) Low break hail of Sunsilk 2525262727 11 Threat of Substitution produce of Sunsilk a) emptors Low Switching Cost b) Substitute carrefours Price is Lower c)Substitution harvests feeling & deoxyadenosine monophosphatePerformance is great/Equal to Existence Product 282828 12 THE POWER OF BUYERS a) purchasers atomic number 18 big and Few in Number b) Buyers corrupt a large-scale circle of Industrys sum of money turn produce c) Buyers switching represent s branch gear d) Buyers hind end pose threat to merge reversed into the Sellers Industry 29303030 13 THE POWER OF SUPPLIERS a) providers atomic number 18 large and few in numeral b) Suitable Substitution Products Are non Available c) man-to-man Buyers Are Not wide Customers of Suppliers d) Suppliers Goods Are Critical to Buyers Success e) Suppliers Products Create High Switching Cost f) Suppliers Can bring forth Threat to Forward Integration to Buyers Industry 313132323232 14 ram Analysis a) Strength, b) Weakness, c) Opportunities, d) Threats. 33333333 15 Recommendations 35 16 Conclusion 36 17 Annexure 37 EXECUTIVE SUMMARY Sunsilk laves are under the flag of Unilever is a very cognize transnational produceion. Sunsilk was launched in the UK in 1954 & world(prenominal) vitamin Aere by 1959 it was available in 18 different countries worldwide. Sunsilk is the largest beauty wash discoloration in the Bangladesh. Currently, Sunsilk products are available in over 50 countries by means ofout Asia, Middle East, northwards Africa and Latin America, where is know as Sedal.This executive summery describes the history, political party abstract, mission, vision, 4ps of Sunsilk lave such as- variety in consumer products, toll, distri aloneion objectives, Competitive Strategies of Sunsilk, Competitive rivalry position of Sunsilk, B. C. G Marketing of Sunsilk, Threat of substitutes products. Mind share, Market share and Heart share are similarly overwhelmd here, which helps to understand about consumer perception about the Sunsilk product. What agonistical strategies Sunsilk follows is in any case included in this report. The Power of Buyer &type A Power of Supplies to Sunsilk is non a threat to Sunsilk wash. Marketing programs and promotional activities are clearly and short covered in this report. Finally, in the end recommendations are strainn that what schema should Sunsilk follow to meet the strategies and grocery place share of th eir competitors. 1. Background of SunsilkSunsilk Shampoos are under the flag of Unilever is a very far-famed international product. Sunsilk is the largest beauty shampoo brand in the Bangladesh. Positioned as the vibrissa Expert by 1959, it was available in xviii different countries worldwide. Currently, Sunsilk products are available in over 50 countries throughout Asia, The Middle East, North Africa and Latin America, where is known as Sedal. 1. a) History Sunsilk was launched in the UK in 1954, and by 1959 it was available in 18 different countries worldwide. At the time, Sunsilk had an avail over other(a)wise shampoos in the foodstuff as it only needed one application, and so meant race less rude(a) oils from the fuzz. In 1956, Sunsilk cream shampoo for dry hair was launched. * In 1958, a smart transparent polythene tube for the still shampoo was get intod as an alternative large size subscribe to to the nursing bottle. Sunsilk was besides available in such tubes. * In 1959, it was available in eighteen countries worldwide. * In 1960, Sunsilk Tonic shampoo was launched, containing skin healing ingredient * Allenton intentional to help keep the scalp free from infection. * In 1961, Sunsilk Liquid shampoo was re-launched to Sunsilk Beauty, because Liquid in the name, originally used to distinguish the product from disintegrate shampoos had become meaningless as the majority of shampoos were now in eloquent form. In 1962, Sunsilk was marketed as a lay of shampoos for different hair types. Sunsilk signifi bunstly improved product formula and launched in the raw-made variants in 1966 the starting time major shampoo to contain oliv oil, which acted as conditioner to enlighten hair soft and amenable shampoo for dull hair, which restored hairs natural shimmer crumb shampoo for gr elementary hair with deep cleansing ingredients. * Sunsilk hair spraying was first launched in 1964 to usher in an expanding hair-spray market, but in 1966 a saucy product formula was developed which gave hold, purge in damp endure whilst still caring for hair. The hair spray contained a French burden and could easily be removed by brushing or shampooing it out. In 1969, all Sunsilk shampoo was re- swarmaged in unexampled PVC bottles, which were larger than tralatitious glass bottles for the same price. * Sunsilk conditioner was launched in 1971 with three variants for dry, normal and greasy hair. In 1973, Sunsilk launched an aerosol dispensed setting lotion. An economy size shampoo bottle was introduced for Sunsilk in 1974. * In 1975, Sunsilk became the biggest name in hair aid with 1,000,000 packs beingness sold every week. * In 1980, the whole Sunsilk range was re-launched, with improved formulations and advancement design to bring the brand into the 1980s. * In 1985, Sunsilk styling mousse was launched and 2 long time later a conditioning mousse followed. In 1989, Sunsilk introduced with three variants tie in to hair ty pe smiler of a hair stylist was the first step in building the image of brand as health care expert. * In 2000, to strengthen the brand UPL decided to prelaunch Sunsilk grant range consisting of four variants in January. * In 2001, Sunsilk moved into the hair colourant market for Asian-type tail hair, offering a range of seven permanent colors from natural b deprivation to copper with purple, red and gold tints. * In 2003, Sunsilk launched a new range of shampoos and conditioners, which were developed to meet womens hair needs and glint the way women, think about their hair.The fake institute (a trademark by Sedal) Elida Hair Institute developed the products in response to market research. individually product contained a unique formulation of ingredients, combining the best from natural and scientific worlds to help combat uncouth hair problems. 1. b) Milestone Sunsilk starts works as consumer product from 1954 in Uk and now it is an international product. In these geezerh ood Sunsilk did some special achievements which smoothed its way. such(prenominal) as Years Activities 1954 Sunsilk first launched in the UK. 1955 graduation advertizement of Sunsilk appeared on TV. 1959 Available in 18 countries worldwide. 1964 Launch of Sunsilk hair spray. 1968 Sunsilk shampoo re-packaged in PVC bottles. 1971 Launch of Sunsilk conditioner. 975 Sunsilk became the biggest name in hair care. 1989 Introduced 3 variants related to hair type endorsement 2000 Prelaunch Sunsilk premium range consisting of four variants 2003 Sunsilk glossy magazine launched in genus Argentina 2008 Social networking site Gang of Girls was introduced in India. 2. Company Analysis of Sunsilk Name Sunsilk Shampoo Logo Category Consumer Product First Launched In 1954 First Launched At join Kingdom Produced By Unilever Group Main foot Of This Product It knows you, and hence knows exactly what your hair needs Total Hair Expert 7 Available In 50 countries throughout Asia. sp here of decide FMCGUSP Popular hair care brand having product for all types of hair Tagline/ Slogan For Expert Touched Hair Life Cant Wait All you need is Sunsilk Segment Personal Hair guardianship Shampoo available in multiple variants Target Group Girls in the age group from 16 to 40 Positioning The Sunsilk hair care range provides a complete hair care solution and functions as a 3-step combination of cleansing, nourishing and manageability 3. Mission Of Sunsilk Sunsilks mission is to add vitality to life. We meet everyday needs for personal care with brands that help slew feel good, look good and get much(prenominal) out of life. 4. Vision Of Sunsilk To earn the love and respect of India, by make a real difference to every consumer is the xision of Sunsilk 5. Goal Of SunsilkSunsilk was launched in the UK in 1954. It was available in eighteen different countries worldwide. Currently, Sunsilk products are available in over 50 countries throughout Asia, The Middle East, North Africa and Latin America. Sunsilks goal is to be the keep down one shampoo of the whole consumer product market as soon as feasible. 6. Segmentation Child womanly Male High Price Johnson Fiama D Wills plunge, Loreal Revlon,Loreal Low Price Meril Clear, gaffer & Shoulder Sunsilk,Clinic Plus 7. 4ps of Sunsilk 7. a) Product Currently, the range consists of * Yellow Sunsilk with Bio Proteins from veggie Extracts Normal hair needs wholesome nourishment.New Sunsilk with Bio Protein focuslesscted from Vegetable milk has nutrients that deeply penetrate for each one hair put in, to nourish it leaving hair arduous and beautiful. * B want 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. * discolour Sunsilk with Fruitamins Vitamins from fruit Extracts Thin and limp ha ir needs extra bole and volume. New sunsilk with Fruitamins 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 yogurt 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 fruit Extracts The advanced formula of orange Sunsilk is the result of the latest research. This shampoo is peculiarly 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.Buying Rate of Consumers of Sunsilk Shampoo 7. b) Price UNILEVER claims to practice value-based pricing in which the customers perception of the products price provides a starting point for developing the marketing mix of the product. The research department determines this price commonly by using focus groups. The price of 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. A present market price example of Sunsilk and plunge shampoo female genitals easily show this Sunsilk Cost ** plunk Cost 200ml cxl/= ** 200ml 170/= 700ml 500/= ** 700ml 600/=Mini pack 2/= ** Mini pack 3/= So as per the market portionation of shampoo in Bangladesh, Sunsilk (Unilever) provides same quantity of shampoo like other brands but comparatively in low price 7. c) Promotion There a number of ways to advertise both local and world-wide brands in the market. roughly of the very common means through which advertisement is done include * Electronic Media Electronic Media has been the major factor in determining the global success of Sunsilk. In straightaways world where an average snapper class individual has access to 30 to 40 channels through the cable minimum, has the ability to view different types of advertisement just flipping the channels.Thus the consumer of today is so well posted on the fact that whenever a new product is launched, is it in the United Kingdom or in the United States, a consumer living in Asia would be well aware of the features of the products and he would know who the company is pointing. * Print Media Print Media advertisement is one of the common ways of advertising. The print media including the magazines, newspapers and brochures are relied upon a lot. In print media, the importance of placing the advertisement dramatic plays an imperative part in increasing the sales of the product. * Billboards Billboards have become one of the most influencing ways to advertise in our world. Everyone shadower see a whole advertisement like you watch on y our own televisions or the type of moving and animated type of advertisements that you depose see on the billboards happen to be very much in fashion.Sunsilk also has nearly all of its products on the billboards when either its launching a new ad, coming up with price promotions or re launching any product. These ads seem to be appearing all the time, which is unfeignedly good for the company, as they are easily attracting the customers in every possible manner. * Giving out free Samples When the new Sunsilk Black was introduced, what the company did was, to lay down awareness amongst the youth they went to schools and colleges and distributed free samples of the products and gave out little brochures which told the qualities that the product had and the prudish method of getting a black and shiny hair look. 7. c. i) Media plan of Sunsilk January February March April May June July August, September, October November December Electronic Media * * * * * * * * * * Print Media (weekly once) * * * * * * * * * Billboards * * * * * * Giving out free Samples * * * Concert * * * 7. c. ii) Creating an advertise for Sunsilk To create an advertisement is to make wad (consumer) informed about a new product. Sometime products which are in market also use advertising to make selling rate juicy. Creating advertise for Sunsilk has to go through some certain steps to make a fruitful consequence. Such as appoint Objective (depends on products life cycle) Initiative or Persuasive or ReminderBudget Slogan Message Emotional / Funny /Rational Appeal / reverie / Entertainment / Fear / Humor Strategy Evaluate Media Reach, Frequency & impingement Alternatives Choosing Among Media Choosing unique(predicate) Media Select Specific Time * ill-use 1 Select Objective In Selecting Objective steps Sunsilk stay in the Maturity Stage of Product Life rhythm method which required ad hoc advertising objective Low Persuasive Su nsilk Sales & Profit) (Initiative) (High (Low Persuasive) Persuasive) (Reminder) (Time) Product Product Product Product Product Develop Introduction issue Maturity Decline Low Persuasive objective works on i. Building brand preference, ii. Encouraging switching to Sunsilk brand, iii. Changing customers perception of product value, iv. Persuading customers to purchase quick, v.Convince customers to tell others about Sunsilk specially. * Step 2 Budget Products company has to finance a budget. As an international consumer product producing organization under UNILEVER Sunsilk has ability to chief(prenominal)tain a high rated budget plan. * Step 3 Strategy The most tiny step of advertising is Strategy. It contains 2 particular part. Such as a) Message b) Media a) Message message contains 2 part called Slogan & Appeal. Slogan Next Generations Shampoo Appeal Sunsilk is a consumer product for hair which has deep emotional & romantic trespass on human being. So to create advertise, emotional appeal burn be chosen. ) Media Reach, Frequency & Impact Choosing Among Media Choosing Specific Media Select Specific Time Reach, Frequency & Impact Reach means how much people see the advertise total Frquency means how much people see the advertise at one time & Impact is the concequence of the advertisement, which is counted by TRP( Target Rating Program). Choosing Among Media Media is the via to which advertise will be publish. For Sunsilk advertise media, T. V is the perfact media in case of Bangladesh. Choosing Specific Media Sunsilk is an advertise for women, who aged 16 to 40. So have to choose those T. V channels which are systematic to them.In Bangladesh ntv, Channel i, ETV,Bangla Vision, Channel 1, Machranga t. v, my t. v etc are prefarable for urban area & BTV must(prenominal) be prefarable for rural area. Select Specific Time Select specific time refers to select that time when the specific audience stiff infront of T. V. women generally watch T. V after 3pm to 9. 30pm for movie & everyday serials. So Sunsilks advertise will telecest in this time mainly. * Step 4 Evaluate Alternative This step to judge the timbre of new advertises. If a positive result come, only then advertise will be telecast. 7. d) Place Distribution Objective To reach as numerous a(prenominal) towns and villages as we canUNILEVER has 150 distributors whose function is to sell to wholesalers directly. There are different distributors for different areas. They are carefully selected and their performance is constantly evaluated. * Wholesaler, * merchandiser, * Broker, * RETAILERS Sunsilk goes to these stages such as- Wholesaler, Merchant, Broker & retailers through wholesalers. Then they sell Sunsilk products to final customers as consumer product in retail price. Producer (Sunsilk) OR Producer (Sunsilk) (Sell) (Sell) Merchant (value add) Merchant (value add)Wholesaler Wholesaler Brokers (works for commission) Wholesaler Reta iler Wholesaler Wholesaler Retailer Wholesaler Retailer Retailer 8. Market Scenario of Sunsilk 8. a) Target Market The main target market of Sunsilk is females between the ages group 16-40 belonging to the lower and nub income classes. But in their promotional activities, they cover the whole market regardless of these classes. Sunsilk target its market on the basis of consumer buying behavior, income level, and purchasing author of people.For which quantity of the product can be changed according to the income and purchasing causation of the consumers as in case of Sunsilk 120ml and 5ml packs are also available to target low income groups. 8. b) Market Share Sunsilk as a market competitor, they are steadily gaining market share. At present market stain is that Sunsilk owns 38% of the total market share. 8. c) Mind Share Too buy shampoo rational consumers firstly think about Sunsilk due to the promotional strategies of Sunsilk. So that Sunsilk speedyly append their mind share . manikin Mind Share 8. d) Heart Share Due to reach product and marketing attributes & features Sunsilks mind share in total competitive market is high than any other brand. Consumer would like to choose Sunsilk as their first choice. Figure Heart Share 9.Competitive Strategies of Sunsilk 9. a) Defining the strategic objective The Sunsilk Shampoo aims at fulfilling the needs of its target market by offering a high select, assessment of the concept in terms of its acceptability, credibility and perceived benefits, that it offers a healthy choice shampoo alternative to the targeted consumer. The theme of the product shall be anchored around the motto. 9. b) Expanding the Total Market Sunsilk is very sensitive to increase its market. Its sometime very challenging for a firm to expand its total market. Sunsilk basically wishes to increase new customer and more usage. 9. b. i) New customersSunsilk is assay to attract purchasers who are unaware of the product or who are resisting it because lack of such features. Sunsilk is using market penetration strategy, new market segment strategy and geographical expansion strategy for searching new consumers. actually amiable advertising and other propositional activities perform a vital division in this case. 9. b. ii) More usage Sunsilk recently increase the pith, level and absolute frequency of consumption. It also improves advancement and redesigns the product. It offers larger package sizes and makes the product more available. They accent more on marketing program, which inform the consumer about the brand and it much develops the product which also spurs new uses. 9. b. iii) Regular CustomersSunsilk knows that to continue regular customers is more important than to create new customers. So to hold regular customers, Sunsilk is of all time careful and makes a standard scale of own product. Sunsilk tried disfranchised to situates or if possible as soon as possible increase the standard scale foe regular customers. 9. c) Choosing General Strategy 9. c. i) Flank Attack Sunsilk can follow segmental strategy. In market Head & shoulders targeting mainly high and middle class people but big portion in lower class consumer could not buy up their product. So, Sunslik targeting the lower class, who have lower income and launch new product at a lower price. 9. c. i) Frontal Attack Sunsilk can launch new shampoo combining conditioner, anti-dandruff, and shinning in a one product as follow as Head & Shoulders. 9. C. iii) Bypass Attack Sunsilk can introduce anti-dandruff shampoo and provide an extra conditioner in a package. 10. Competitive rivalry position of Sunsilk 10. a) Availability of Many/Equally Balance Competitors Sunsilk is no one most important rival of other brands such as, Dove , Head & Shoulder , Clinic All Clear , Pantine , Herbal Essences even Neutregena . But as because Sunsilk has a break away market , these other brands are not able that much to change Sunsilk s ma rket price . EvenSunsilk is a great threat for them. Rate of Sunsilk Users 10. b) Industry growth declines During the product cycle, a product has to present these following stages I. Introduction Stage II. festering Stage III. Maturity Stage IV. Decline Stage Sunsilk has passed its introduction & growth stages successfully, now it is in its maturity date date stage. As we know that the maturity stage is the most competitive stage in production cycle. Sunsilk has to pillow slip a long challenge in this stage . In maturity stage occasionally the constancy growth slows down but sunsilk is able to hold its maturity stage by promoting new versions, new brand ambassador . new advertisement ,new offers etc .Such as , a 200ml Black shine Sunsilk s market price is 140Tk. where as the same amount of (200ml ) Dove shampoo s market price is 170TK. Customers are more bleached to buy Sunsilk Black Shine rather than Dove ,though Sunsilk has reached its maturity stage . Maturity Stage of Sunsilk Is The Price Worth? (Market Price Of Sunsilk) . Production Cycle 10. c) BCG Marketing Low Market Growth High Market Growth HighMarket Share LowMarketShare 10. d) High Fixed Cost & Storage Cost of Sunsilk Sunsilk has 47 years argumentation throughout the world, so its frosty approach isnt too high as well as its storage cost is not that much high .And as we know that storage cost is one kind of fixed cost , so it is a advantage or positive precedent for Sunsilk , because other brands has a high storage cost & fixed cost because they dont have that much long duration of business life like Sunsilk. 10. e) Low Switching Cost of Sunsilk Sunsilk can be differentiating easily from other brands, because it has separate fragrance, separate color, most of all it has separate position in market as a well known shampoo. Sunsilks switching cost is also very high in that respect is no opportunity to increase its competitive rivalry by lacking(p) of differentiation opp ortunities or low switching cost. 11. Threat of Substitution Product of SunsilkThe threat of substitute products is the extent to which alternative products or services whitethorn supplant or diminish the need for existing products or services. 11. a) Buyers Low Switching Cost As we know that 200ml Sunsilk shampoos market price is 140Tk, where as Dove 200mls price is 170 TK . So , we can see that buyers find Sunsilk more cheaper than Dove and other brands. Actually Sunsilk is a threat of substitute products to other brands. Sunsilk Cost ** Dove Cost 200ml 140/= ** 200ml 170/= 700ml 500/= ** 700ml 600/= Mini pack 2/= ** Mini pack 3/= 11. b) Substitute Products Price is Lower This problem occurs if the other branded shampoo has cheaper market price than Sunsilk.So buyers are getting more attraction to buy other brands rather than Sunsilk shampoo in market. 11. c) Substitution Products Quality & Performance is Greater / Equal to Existence Product It will be a threat for Sunsilk if o ther brands will have demote quality than Sunsilk. To avoid this threat Sunsilk often offers new innovation on its production policy. Such as, Sunsilk made a deal with 7 famous hair experts of the world . This was a great attraction to the buyers. Buyers have found that no other brands offered such an excellent opportunity to beautify their hair condition. So a huge number of buyers continued to use Sunsilk & shift from other brands to Sunsilk. 12. THE POWER OF BUYERSThe power of buyers is the extent to which buyers of any product or services in an industry have the ability to influence the suppliers of that product or services. The bargaining position of buyers changes with time and a companys (and industrys) competitive strategy. The buyers power is significant for Sunsilk because when the power of buyers increase, buyers can lastingness prices down, demand higher quality products or services and in essence, play competitors against one some other, all resulting in potential loss of industry profits. Buyers manipulation more power when 12. a) Buyers are larger and few in number In case of Sunsilk product the buyers are larger and few in number mean the number of buyers is few but they purchase in a huge numbers. This situation does not occur normally.Because buyers (consumer) of Sunsilk are not few and do not buy in large amount. Buyers are large in number and they buy in sharp amount for them. This is an advantage for Sunsilk product and a disfavor for buyers. 12. b) Buyers Purchase a queen-sized Portion of an Industrys Total Output In this situation buyer buy a large portion of the whole output of the industry. It automatically makes the buyer powerful. Here the buyers mean the shopkeepers who bought in a large amount for sell from Sunsilk. They can force prices down, demand higher quality products or services, in essence play competitors against one other, all resulting in potential loss of industry profits.But in case of Sunsilk thither is no chance to happen this situation because Sunsilk has a lot of buyers who purchase in huge volume. This is an advantage for Sunsilk. 12. C) Buyers switching costs low When other competitive products costs lower than Sunsilk, it is easy to switch to another product. But it cannot happen because Sunsilk gives the best quality shampoo in few prices at the same amount. For example here we compare dove shampoos price with Sunsilk shampoo. 12. d) Buyers can pose threat to integrate backward into Sellers Industry Buyers can pose threat to integrate backward into the sellers industry if buyers worked as a group.Group of buyers can act threat to integrate backward into the industry. Sunsilk has individual buyers, so there is no chance to face any threat from buyers for Sunsilk and it is also an advantage for this industry which is a disadvantage to its buyers. At last it is to analyze that Sunsilk is a large and famous industry and for these qualifications and financial capability Sunsilk ca n switch the power of buyers. 13. THE POWER OF SUPPLIERS 13. a) Suppliers are large and few in number It means the number of suppliers is few but they supply in a huge numbers. When this situation occurred suppliers must increase their demand against the buyer (industry), so the industry faces lose at large.But it is not possible with Sunsilk because as a large industry Sunsilk keeps the number of suppliers many and they supply in small amount. So there is no way to exercise more power to suppliers of Sunsilk. It is an advantage to Sunsilk and a disadvantage to suppliers. 13. b) Suitable Substitution Products Are Not Available Suitable substitution products are not available draw the situation when there are lack of substitution products. Sunsilk use many ingredients in making, so when this situation occurs Sunsilk must switch to another substitution. Such as Sunsilk use chemical essence for smell and this ingredient is available all time because any supplier can supply it.Or if t he lack of substitution product happens anyhow, Sunsilk switch to other chemical essence or something else which can fulfill Sunsilk products requirement. So Sunsilk never give chance to become the suppliers powerful 13. c) Individual Buyers Are Not Large Customers of Suppliers When any producer purchases ingredients from suppliers, he becomes a buyer of those suppliers and if the buyer purchase at low volume he does not get any advantage from suppliers. In case of Sunsilk, it needs huge volume of ingredients from suppliers as buyer. So there is no way to be ignored by suppliers when the buyer is the famous & large Sunsilk. 13. d) Suppliers Goods Are Critical to Buyers SuccessThe main ingredient supplier of any product is called minute supplier of that product. For assumption we take the Sunsilk Co-Creation Stunning Black Shine Shampoo, which use many chamials as main ingredient such asS204, sodium loreth sulphet, carbomied, panthalon etc and it is easy to get that ingredients s upply and also supplier. So vituperative suppliers good cannot create any harm to Sunsilk. 13. e) Suppliers Products Create High Switching Cost Suppliers products create high switching cost means industry needs to pay more if wants to switch to another supplier. In case of sunsilk this problem does not occur. There is a lot of suppliers for suppliers product of Sunsilk because of being a large and famous industry.So there is no chance of high switching cost of suppliers product. 13. f) Suppliers Can Pose Threat to Forward Integration to Buyers Industry Suppliers can pose threat to integrate to the buyers industry if suppliers worked as a group. Group of suppliers can act threat to integrate to the buyers industry. Sunsilk has individual suppliers, so there is no chance to face any threat from suppliers for Sunsilk and it is also an advantage for this industry which is a disadvantage to its suppliers. At last it is to analyze that Sunsilk is a large and famous industry and for these qualifications and financial capability Sunsilk can overcome the power of suppliers. 14. SWOT AnalysisSWOT analysis is the easiest way to find out the Strengths, Weakness, and Opportunities & Threats of any industry. As an international company Sunsilk has also those. This analysis identified the Strengths to fill the Weakness of industry. to make the proper use of Opportunity and create consciousness for the Threats in industry. SWOT analysis of Sunsilk is 14. a) STRENGTHES * UNILEVERs Limited is one of the largest organizations in India. * Company has advanced engine room and well skilled professionals. * The New Sunsilk Shampoo is a high quality product in terms of hair protection. * The target market is educated, professionals and belongs to premium and middle class. Company totally owned, systematic distribution network, transparent conference system. * Participative management style * Very good distribution network all over India, in all major and small cities. 14. b) W EAKNESSES * Competitor has salubrious promotional activities. * Customers are offered better alternatives by the competition. * Advertisement flaws- * Devaluation of product * Products quality loses its values * Poor promotion of free samples * No unique identification of product 14. c) OPPORTUNITIES * Population expanding at a rapid rate. * Consumers are becoming more quality conscious * Current depicted object utilization is 80%, which can be further broadened with the increase in demand. Customer base is increasing with effective marketing. * Baby shampoo is another area where HINDUSTAN UNILEVERs can make huge gains. * Shampoo plus conditioner and anti-dandruff shampoos are another area where UNILEVER can earn huge profits. * Rural areas are a large prospective market where they can introduce Sunsilk. 14. d) THREATS * policy-making and Economic factors. * Partial Government policies. * High rate of competition. * Local and contrary competition. 15. RECOMMENDATIONS 1. The Suns ilk is a global company and each country has own culture, so Sunsilk should drive according to local preferences and needs because it is really necessary in today stinting crisis to capture huge market share.Sunsilk can scrape up and train social province in the society, so they would establish themselves in customer mind and customer would be loyal about Sunsilk. To ensure social responsibility and highlighting benefits they provide Sunsilk can raise their tax income. Sunsilk must focus on social responsibility, to maintain image among customers, mainly advertisement covers huge expenses of Sunsilk, but we recommend them to cut their advertisement expenditures, in the economic crisis and should more focus on social responsibility. To ensure social responsibility and highlighting benefits they provide Sunsilk can raise their revenue. Figure Sales revenue and social responsibility 2. People are familiar with Sunsilk, however they are not interested in whether it is a unilever pro duct or not.Through all-inclusive marketing methods unilever should make people aware of the fact that it is a Unilever Product and not just any product so that the brand truth increases and people purchase its product due to its brand name and not just the product name. 16. Conclusion Sunsilk has huge potential of rural market 72% of total population but not yet develop a successful strategy to penetrate this market. The success of Sunsilk emulated which captured the rural market by two strategies- Develop strong distribution structure and Adopting packaging and pricing. Sunsilk increase buying of raw material so that it does not have to suffer devolution and continuously increase in tariff rates.They introduced a smaller 100mi pack of Sunsilk in order to capture lower income segment. Sunsilk enter into web marketing. They should increase frequencies of advertising by electronic and print media. They should introduce 2 in 1 shampoo plus conditioner which demand huge potential mar ket. Finally, taking everything in account we can say that if Sunsilk try more on social responsibility and create more attractive marketing programs, they can grab huge number of customers. 17. Annexure * www. unilever. com * www. unilever. com. pk * www. millwardbrown. com * www. google. com * www. wikipedia. com * www. ac. com * Unilever financial rumor 2007-08 * www. scribd. com * www. slideshare. net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment