Professional Documents
Culture Documents
Session: 2022-23
(ASST. PROF)
I hereby declare that project entitled “Study of marketing mix & Competitive
analysis of Surf Excel” is authentic & I have put In my efforts meticulously to
make this project to come up to the expectations and pragmatically viable.
NARAYAN KARODIYA
MBA 3RD SEM
ACKNOWLEDGEMENT
We would like to express gratitude and appreciation to all those who gave us the
possibility to complete our project management report on the topic “Study on
marketing mix and competitive Analysis of Surf Excel”. Special thanks to
faculty mentor Mr. Uday Singh whose help stimulating suggestions guidance
and teachings helped me to successfully complete this project management
report.
NARAYAN KARODIYA
M.B.A 3rSem
AFMR
Introduction
As a result, both the customer and the marketer benefit. Marketing is a mix of
techniques and procedures used by businesses to locate, establish, and maintain
satisfying connections with customers. An effective marketing plan requires a
marketer to balance the appropriate parts and procedures. This depends on the
type of goods, services, or concepts the business wishes to promote. It also
includes the choices the management makes in order to carry out the positioning
strategy and ensure that the company's overarching goals are met. According to
Armstrong & Kotler, a marketing mix would also include the marketing
techniques the marketer use to reach these objectives in the target market
(2009). The four components of marketing are place, price, product, and
promotion.
Element of Marketing Mix
Regulatory authorities are one example of a non-profit group that benefits from
the same commodity. Marketers must think about the correct product features
and benefits, such as branding, labelling, style, installation, durability,
packaging, and quality, in order to create the ideal market mix.
Price: Pricing is a choice that the marketer must make as part of the marketing
mix. Price is the amount that one party must forgo in order to obtain something
from another party during a transaction. To the parties involved in the
transaction, it can, however, represent something very different.
Place: Simply put, the place component of the marketing mix indicates that the
products must be available to the target customer at the appropriate time and
location. Making sure that products are available when and where they are
needed is the responsibility of the marketer. This indicates that decisions about
the distribution of commodities are made with an eye toward developing a
system that makes it simple for customers to obtain products and make
purchases of them. A marketer should make sure the system they select is
efficient and effective because this is not as easy as it seems.
As a product progresses through its life cycle, the marketing mix evolves, and
strategies relating to the mix should follow suit. Additionally, a marketing
strategy specific to each product should be established, keeping the target
market in mind.
A home care brand known as Surf Excel belongs to the FMCG industry. It was
introduced in the Indian consumer market in the year 1959 and is a subsidiary of
its parent business, Unilever. Surf Excel is a detergent that has continuously
improved its formulation to satisfy the shifting requirements of Indian
housewives. One of its greatest advantages is how well it removes the majority
of stains. Several companies compete with Surf Excel, including some of the
following:
Aerial
Tide
Nirma
There are now options available for washing machines in the front- and top-load
categories. Surf Excel produces products with wonderful smells by utilising
natural extracts and essential oils. Following are a few of its well-liked products
from its diverse product portfolio:
Promotion:
The Surf Excel marketing strategy uses the following promotional and advertising
tactics For its products, Surf Excel uses a 360-degree marketing strategy. The
corporation built the entirety of its marketing campaign around the tenet "Dirt is
Good." Both above-the-line (ATL) and below-the-line (BTL) promotion strategies
have been utilised by HUL for the brand. The business places a lot of emphasis on
potent TV ads in ATL. Surf Excel has used a variety of themes in its advertising
campaign to include youngsters in order to create an emotional connection with the
audience.
For its advertising efforts, the business has worked with a variety of TV and film
stars. The business has also made use of billboards, posters, print media like
newspapers and magazines, as well as well-known radio stations. The firm has
held a number of competitions, including a hand painting competition, as part of its
BTL marketing. It has started programmes like "Surf Excel and You" to encourage
mothers to instil in their children a habit of active learning. Mothers can discuss
their proud memories and special times with their kids on this topic. To foster a
sense of community, Surf Excel has also embraced social media sites like
Facebook and Twitter. Thus, the Surf Excel marketing mix has been completed.
Here is the comparison of Above the line Vs Below the line marketing commonly
known as ATL vs BTL
In terms of price, Surf Excel sets competitive prices in the market through the
following ways:
price to distributors where everyone is treated fairly,
In order to ensure that all retailers receive the products at fixed prices, Unilever
also provides price margins to distributors for wholesale prices.
In order for customers to purchase the products at set prices, the company also
controls retail prices.
Another aspect of Surf Excel is discounts, where distributors and wholesalers who
purchase in bulk receive a 1% discount on purchases above Rs 600. Unilever
additionally provides a trade discount for services like warehousing and bookkeeping.
Surf Excel is distributed through indirect marketing methods, with the products first
going through distributors, then retailers, and eventually consumers. Regardless of the
economic classes, Surf Excel Unilever serves the entire nation. Wherever it is
convenient for the target consumer, you can discover these products in department
stores like Decent Departmental Stores as well as retail stores and little kiosks.
Conclusion
One last thing about Surf Excel before we go. It is the country's oldest detergent
powder brand and is credited with coining the phrase "Old is Gold." Large
brands flooded the market. Some of them continued to dominate the market,
while others died. But Surf Excel consistently upheld the quality of their
products. In terms of TV advertisements, they outperformed the rivals.
Moreover, they asserted its position at the top of all using a strict marketing
strategy. One of the country's oldest domestic brands, it displayed its dominance
in the market with grace. Simply put, this brand is a wonderful example for
other brands and businesses to follow.