Professional Documents
Culture Documents
ALONE
MARKETING PLAN
OF COLGATE
Bano, Marc Anthony A.
Consolacion, Julito U.
Edem, Danilo Jr. C.
Lim, Roseve Jay B.
Bayoco, Shanaia Britney B.
Clavido, Anne Mariz
Gapol, Maevel
Laurel, Kristine Marie C.
Maningo, Kristyl Mae Y.
Nalong, Ailah C.
POLITICAL FACTORS
• Political factors play a significant role in determining the factors that can impact Colgate
Company’s long term profitability in a certain country or market. Colgate Company is
operating in Personal Product in more than dozen countries and expose itself to
different types, of political environment and political system risk. The achieve success in
such Personal Product industry across various countries is to diverse the systematic
risks of political environment.
ECONOMIC FACTORS
• Now a days country is experiencing inflation where in the supply of every commodities
is decreasing while the prices are increasing . And so the Colgate company consider this
kind of problem where in the company provide Colgate's in a very affordable price.
SOCIAL FACTORS
• Colgate has recently set a new goal of 100 percent recyclability of plastics in packaging
across all it’s product categories by 2025. As part of it’s system ability, corporate and
social responsibility goals, Colgate aims to be using 100% sustainable palm oil by the end
of 2018.
• The company stated that it recognizes it’s responsibility to work with industry groups
suppliers, governments and other to ensure it’s sources palm oil and it’s derivative's in
ways that do not harm the environment or exploit workers.
TECHNOLOGICAL FACTORS
• Technology is a factor whose value cannot be ignored. Technology vary with the
passage of time in all industries and so we made our techniques and methodologies up
to date for keeping our product preferable in the market.
• Since we are in the 21st century wherein most of the teenagers uses most of their times
in social media and so the company decided to advertise their product through youtube,
facebook, and etc. Through this the company can compete globally.
• Threat of Substitutes
The threats of substitutes in which customers switch product references are
primarily caused by several external and internal factors. One of the factors in
which customers tend to switch their preferences is the price cost of a product. If
a product raises its cost value, customers may have a second thought of sticking
into as his/her preference; therefore, the tendency is that the shift and switch of
preference occurred. Most often, in this kind of business like marketing an
energy reserves, the threat of substitution of customers come in the instability of
a price. The price cost of a product if it increases due to social and political
factors, it stand to be a threat for the company. However, the Colgate-Palmolive
good strategy like increasing switching costs, alliances, customer surveys to learn
about their preferences, accentuated differences and the entrance of substitute
market, these reduced the threat of substitutes.
• Competitive Rivalry
Competitive rivalry between existing players In any business price competition is
significant because it attracts customers, the less you price a product, the more
customers you gain, yet, in competitive rivalry, in order to reduce it, avoidance
to price competition is necessary in which the Colgate-Palmolive observed. Their
competition is not on price but on how to manage strategy that would best
leverage a product. CP uses different strategies to market their product and be
competitive.
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