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RESEARCH PROJECT
SONY SEBASTIAN
FIT19MBA105
INTRODUCTION
LIFEBUOY
Lifebuoy is Unilever’s oldest brand launched in 1894 as
disinfectant soap in the UK to support people in their quest for
better personal hygiene. Lifebuoy is a brand that is truly “global”
before the term “global brand” was invented. Lifebuoy soap is
found across the world, in some countries such as India where it
is the market leading brand. This report includes the strategic
marketing plan for the lifebuoy, which covers the strengths,
weaknesses, opportunity and threats of the lifebuoy. It reflects the
internal and external environment, strategic marketing mix and it
ends with the recommended medium term strategy. Strategic
marketing plan covers the goals and strategies of the
organization’s marketing effort and should be coordinated with
companywide planning.
Goal of the lifebuoy is to provide accessible hygiene and health
solution with the affordable price that enable people to lead a life
without fear and hygiene anxieties and health consequences.
Lifebuoy is launched in 1894, consistent in lifebuoy is 110 plus
year history has been championing to support life through
unbeatable protection is at the heart of the brand name itself i.e.
Lifebuoy, the guarantee of protection in threatened.
Problem Identification
“Analysis of consumer usage of Anti-Bacterial Soap
(Lifebuoy)”
In today’s era due to covid19 the wants and needs of
antibacterial soap market was complex with large number of
competitors. In response to the COVID-19 pandemic, the brand
has embarked on a public service campaign to remind people of
hand hygiene importance and how it can help reduce the spread
of infections. So, in order to cope with the competition companies
have to understand the needs and wants of customers and to
know about factors influencing their buying decision. Here we
study about the customer perspectives about Anti-Bacterial Soap
(Lifebuoy).
Objectives:
To identify the relative advantage of Lifebuoy soap over
other antibacterial soaps.
To study how price, compatibility and social influence affect
the purchase decision of customers
To know about the purchase intention of customers
Research Methodology
Data collection method:
Primary data has been collected by “questionnaire
method”. Where secondary data collected through internet and
magazine.
Sample Size
The present study is conducted in the 10 prospective
respondents. The sample size is collected in random method.
Findings
Social Influence
Overall trend from the study is that advertisement was found to be
influencing the purchasing behaviour of consumers. The result
elucidate the customers are aggravated to purchase bathing soap
because of the advertisement, word of mouth publicity,
personality etc.
Conclusion
From the above data, we can conclude that half of the customers
are influenced by promotion ideas of the brand and they are ready
to recommend this brand. It is also clear that customers buy these
brand own their own without their friends and family
recommendation.
Quality
When it comes to making a good bar of soap there are 5 qualities
that most soap makers formulate their soap recipe for: bubbly,
cleansing, hardness, conditioning and creamy.
Features
Customers will gave importance to the appearance of the
products. That’s why we consider color and fragrance in this
survey.
Conclusion
From this, we can conclude that every customers are satisfied
with the features of brand that provided.
Suggestions
Consumer concern has continued to grow with panic buying and
precautionary safety measures due to covid-19. With these
factors, it is predicted the demand for soap will continue to
escalate as well. So concentrating more on germ protection
power of soaps and the features related to that will help to
increase the demand of soaps.
For Soaps:
Reduce burning sensation.
Smaller size of soaps to enable the travelling people to be
brand loyal.
More attractive packaging should be adapt come with new
packing and thus higher their sales.
For Sales:
Attractive packaging.
TV commercials telecasted specifically during the prime
time.
Advertisement through radio channels during morning and
evenings.
Conclusion
From the data we can conclude that most of the
customers are satisfied and gives more importance to
antibacterial soap in this Covid19 time. Through this study we
got an image of what all factors influence while purchasing an
antibacterial soap. The study was conducted in a small
population which may not be as accurate as conducting it
with a much larger population as the responses may differ.