Professional Documents
Culture Documents
MGNM 584
INTERNATIONAL BUSINESS ENVIRONMENT - II
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INTRODUCTION:
In early 2013, Samir Singh faced a challenge—in fact, a double challenge.
When he was named Global Brand VP for Lifebuoy soap in early 2010, this
iconic Unilever brand was suffering. Its global market share had fallen from
11.2% in 2005 to 9.7% in 2009. In India, its largest market, the situation was even
worse: its 2009 share had dropped to 15.5% from 18.4% four years earlier. But
just as Singh and his team managed to reverse the decline, his boss challenged
them to double sales in five years.
As large as this task was, it was made even more demanding by another
commitment Singh had made—to improve the health and hygiene of a billion
people by 2015. This ambitious goal was part of the Unilever Sustainable Living
Program (USLP), an initiative introduced by the company’s newly appointed
CEO, Paul Polman. Aiming to decouple Unilever’s growth from its impact on
earth, USLP challenged the company to halve the environmental footprint of its
products, to source 100% of its agricultural raw materials sustainably, and to
help improve the health and well-being of a billion people worldwide. Singh’s
challenge was to make Lifebuoy the standard-bearer of this last goal while
simultaneously doubling sales and meeting ambitious profit objectives. It would
be quite a test.
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PROBLEM IDENTIFICATION
EXTERNAL ENVIRONMENT ANALYSIS
The external environment analysis is needed for the Unilever s Lifebuoy in India
Implementing the Sustainability Plan Case Study to make sure that it actively, and
proactively responds to the macro-environment. The macro environment or the
external environment for the Unilever s Lifebuoy in India Implementing the
Sustainability Plan Case includes those factors which are not in control of the business
or the company directly. As a result:
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PESTEL Analysis
Political
Political factors and elements can have a direct and indirect impact on the business.
This is seen through the Unilever s Lifebuoy in India Implementing the Sustainability
Plan Case Study.
Policy Makings
Taxation
• Tax policy will influence the cost of doing business for Unilever s Lifebuoy in
India Implementing the Sustainability Plan.
• An increase in organization taxation (on business profits) has a similar impact
as an expansion in expenses.
• Organizations can pass a portion of this increase on to shoppers in more
expensive rates, yet it will likewise influence the bottom line of the business.
Government Support
• The government helps organizations in two primary ways: monetary help and
regulatory.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan can use
government assistance and grants for purposes of growing the business,
advancement, exporting, and innovative work.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan can also be
impacted by when Governments modify regulations and laws.
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Political Stability
Economic
The economic factors are one of the most important of PESTEL factors and can
influence Unilever s Lifebuoy in India Implementing the Sustainability Plan in several
ways.
GDP
• Economic components have the most evident effect on the profitability and
overall appeal of Unilever s Lifebuoy in India Implementing the Sustainability
Plan.
• Even though GDP per capita is a useful economic factor, GDP per capita gives
just a fractional perspective on the economic factors that may influence Unilever
s Lifebuoy in India Implementing the Sustainability Plan.
• Higher GDP leads to higher disposable income and hence higher sales for
Unilever s Lifebuoy in India Implementing the Sustainability Plan.
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Inflation
• Higher inflation will disintegrate the purchasing power of the consumer and the
shopper
• Higher inflation will also harm the costs of raw materials and other inputs that
are utilised by Unilever s Lifebuoy in India Implementing the Sustainability Plan.
Interest Rates
• Fluctuations in interest rates may translate into higher or lower costs for the
purchase or sale of items and administrations provided by Unilever s Lifebuoy
in India Implementing the Sustainability Plan.
• Higher interest rates hurt the disposable cash of consumers.
Unemployment Rate
Social
Social influences will stem from social components of the macro environment. Under
the PESTEL Analysis, they can influence Unilever s Lifebuoy in India Implementing
the Sustainability Plan in several ways:
• Social patterns affect work trends and patterns and are directly related to the
behaviours of consumers.
• Social patterns also have a direct influence on buyer tastes and inclinations,
and the specific kind, structure, and volume of interest for an item or service.
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• The checking of social patterns will enable Unilever s Lifebuoy in India
Implementing the Sustainability Plan to reposition its items or administrations
to meet the changing desires and needs of consumers.
• Social trends of higher education have allowed firms like Unilever s Lifebuoy in
India Implementing the Sustainability Plan to have access to a pool of higher
skilled talent – but at the same time, also face a more criticising consumer base.
• Higher education has also made consumers more aware of different product
offerings by companies like Unilever s Lifebuoy in India Implementing the
Sustainability Plan.
• consumers are also more educated and knowledgeable of different substitutes
of a product, as well as become more readily available at different touchpoints.
Technological
The technological factors can influence Unilever s Lifebuoy in India Implementing the
Sustainability Plan in several ways:
Innovation
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The advent of the internet and online retailing
• The expansion of the Internet and online business has discarded many
intermediaries. Unilever s Lifebuoy in India Implementing the Sustainability
Plan can communicate and retail directly to the consumers now, or through
modern intermediaries such as eBay as well, for example.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan may also use
current social networks to retail and use e-commerce to boost sales.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan can make use
of social media to interact and reach with consumers
• Social media can also be used to reach the target market audience more
effectively
• Social media is cost-effective and strategically more influential for Unilever s
Lifebuoy in India Implementing the Sustainability Plan
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• It must be always be updated on any technological developments in the
business and industry.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan should weary
of how the company are probably going to influence its future attractiveness
and profitability.
Environmental
Environmental sustainability
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reconciliation of ecological and social activities in their basic leadership
procedures and tasks.
Legal
Labour law
• Labour law refers to the guidelines in regulations that set up minimum and
benchmark conditions.
• These include identifying with the work of people.
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• Labour laws include aspects of minimum working age, least time-based
compensation, etc.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan must be
mindful of these laws in routine business tasks such as hiring, for example.
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• The five forces identified in Porter's model can effect Unilever s Lifebuoy in
India Implementing the Sustainability Plan ’s ability to serve its clients and make
a profit.
• A change in any of the five forces may regularly require a business unit from
Unilever s Lifebuoy in India Implementing the Sustainability Plan to reassess
the market place given the general change in industry data and dynamics. The
general industry appeal and attractiveness.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan should apply
and centre their skills, plan of action or business models to accomplish profits
above the business average. This may be done in multiple ways, each
distinguished in their application to the forces individually as is elaborated
below:
• New entrants to an industry bring new potential and a choice to increase the
market share and overall share of the pie that puts pressure on price, costs,
and the investment price essential to compete.
• For Unilever s Lifebuoy in India Implementing the Sustainability Plan,
particularly while new entrants are diversifying from different markets into the
chief industry, they will be able to leverage existing talents and cash flows to
shake up the opposition.
• The threat of entry in the industry, consequently, puts a cap at the earning
capacity and profit capability for Unilever s Lifebuoy in India Implementing the
Sustainability Plan.
• While the threat of new entreaty is high, Unilever s Lifebuoy in India
Implementing the Sustainability Plan should maintain their prices or increase
funding and investment to discourage new competition.
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• The risk of entry in an industry depends upon on the peak of entry barriers and
limitations that are a blessing for players such as Unilever s Lifebuoy in India
Implementing the Sustainability Plan and on the response that new entrants
can count on from existing players.
• If entry barriers are low and novices count on little retaliation from the
entrenched competition, the chance of entry is high, and profitability for Unilever
s Lifebuoy in India Implementing the Sustainability Plan will be moderated.
• It is the danger of entry, not whether the entry of new players takes place that
holds down profitability.
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• Focus on building economies of scale in production and sales.
Substitute form
• There are always different alternatives or substitutes for various products that
lead an industry.
• These substitutes may be direct or indirect– the direct substitutes are the same
category products. produced by different players; indirect substitutes are the
ones from different product categories that can replace the product for Unilever
s Lifebuoy in India Implementing the Sustainability Plan.
• Switching costs for direct substitutes is not very high for consumers.
• The per-unit-volume prices may be higher or lower.
• This makes the threat of substitute high.
• Alternatives to the product or substitutes may not be able to provide the same
benefits
• May often lead to additional costs incurred.
• Switching costs towards alternatives becomes higher, and consumers may not
switch to substitutes.
• This, in turn, will make the threat of substitutes low.
• From the point of view of the consumer, there are some differences between
the ways different products of the same or similar category are used, but many
consumption decisions are a matter of personal taste - this makes products
vulnerable to the threat of other substitutes.
• Overall, the threat of substitutes is assessed to be moderately high.
Nature of fragmentation
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• The market is highly fragmented, which makes it more competitive.
• The market is never too concentrated, and as a result, it has players of varying
size of operation – from very small to big players.
Brand management
Diversification
• Purchasers and buyers have a wide range of products to choose from, with
relatively low switching costs. These factors tend to intensify rivalry.
• Though players in the industry may off niche or premium products, they also
continue to operate in the mass markets at large, which again leads to high
competition.
• The high fixed cost and the high bargaining power of the buyers, which can lead
to the lowering of the prices from manufacturers add to the highly competitive
nature of the industry.
• The overall rivalry is assessed to be high.
Pentagonal analysis
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The threat of new entrants
• The high number of direct and indirect alternatives available also make Unilever
s Lifebuoy in India Implementing the Sustainability Plan vulnerable to the high
threat of substitutes.
• Low to negligible switching costs experienced on the part of the consumers and
buyers.
Profitability
Increased competition
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• They have similar functional benefits and features.
Market fragmentation
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• This outsourcing is done by third-party manufacturers.
• A large number of suppliers present lowers the bargaining power of suppliers.
• Players in the industry have low switching costs between suppliers.
• Suppliers usually are contracted by producers.
• Producers may change suppliers frequently.
Industry rivalry
Intensity of competition
Differentiation
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Figure 1 Pentagonal analysis for Unilever s Lifebuoy in India Implementing the
Sustainability Plan
Identification of the place and placement on the industry lifecycle is important as it will
help Unilever s Lifebuoy in India Implementing the Sustainability Plan make important
decisions and strategies for the future.
Budget allocation
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Introductory stage
Firm strength
Financial Position
Nature of product
• Products offered during this stage re doubtful as success and life of the product
is unproven and not known.
• Unilever s Lifebuoy in India Implementing the Sustainability Plan will use a
focused strategy during this phase to emphasise the uniqueness of the product.
• The product or the brand will have a small market of consumers – known largely
as early adopters
• Marketing strategies adopted by the company will focus on generating
awareness of the product and therefore, will largely use a functional appeal.
Growth stage
Financial position
Growth factors
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• Consumer feedback from the introductory phase will be incorporated, and
research and development will be conducted to make appropriate changes in
the product design and offering.
• Success in this stage for Unilever s Lifebuoy in India Implementing the
Sustainability Plan will lead to growing demand, which in turn will fuel sales
demand.
Nature of Product
• Products in this stage have high growth and high market share.
• There is also increasing competition and rivalry in the market – new entrants
will enter and compete looking at the success of products during this stage.
Maturity stage
Strategic Marketing
Firm size
• Firm size is generally larger and is more dominant over players if successful-
compared to growth stage.
• Innovations continue but are stable and not radical.
Decline stage
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Industry changes
• Specialization
• Brand identification
• Push versus pull strategies
• Channel determination
• Product quality
• Technological position
• Vertical joining
• cost position
• Service
• Price strategy
• Financial or working influence
• Parent organization relationship
• Government relationship
Despite the various aspects available for comparison of competing players, it is often
important to differentiate strategic groupings of players of aspects of how they
compete with each other, and on aspects of where they compete as well
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entry/exit to be able to decide potential developments inside and between
groupings.
For Unilever s Lifebuoy in India Implementing the Sustainability Plan, strategic group
analysis is important because it will:
• The strategic group analysis is also important for Unilever s Lifebuoy in India
Implementing the Sustainability Plan because it will assist in analysing the
current market position of players, as well as help in assessing future strategic
moves and directions of the competition in the market.
• Assists in evaluating and identifying different underlying factors that will
influence the company’s profitability.
• Makes use of standard comparison aspects between different players in an
industry to group them as per strategic directions as well as strategic
dimensions.
• Different strategic dimensions along the matrix of strategic groupings are often
characterized by barriers to entry and exit along the strategic groups’
dimensions, as well as by mobility barriers.
• These barriers make it difficult for companies to move along, and in between
different strategic dimensions – often forcing it to stay in place with the same
competition.
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ANALYSIS OF RESOURCES AND COMPETENCES
The following section presents a brief analysis of the VRIN strategic tool as it is applied
to Unilever s Lifebuoy in India Implementing the Sustainability Plan and its impact on
the strategic direction.
VRIN analysis
Valuable
International distribution network
The company has an international distribution system with agents and contracts in
countries across the world. This helps the company in making sure that its products
are widely available and easily accessible to all consumers.
Marketing skills
The company has a unique blend of marketing skills, which allows it to reach
consumers directly through various channels, in a creative way. This is a valuable
resource for the company as it allows the company to ward off potential competition.
Market research
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The company invests in market research regularly, which allows it to stay updated with
market trends, consumer needs, demands, as well as the changes that take place in
different markets and consumer groups. This is also valuable as it then allows Unilever
s Lifebuoy in India Implementing the Sustainability Plan to make changes in product
and service offering accordingly.
Rare
Use of progressive technology
The company makes use of progressive technology and invests in new technology to
help it make the business more effective and efficient. This is important for maintaining
competitive differentiation. The technology used by the company also allows lower
chances of human error and increases precision.
The company makes use of modern as well as new and innovative means of cropping
and harvesting as well. The means of production are important for a business to
maintain cost efficiency. This allows lower levels of spoilt raw materials and enhances
the quality as well as the feel of the final product. Also, it allows the company to
maintain the product quality in-house, and maintain consistency in the raw material.
The company’s effective and efficient use of resources has allowed it to maintain
economies of scale. The company uses economies of scale as a rare resource
available to maintain costs, enhance production, and increase sales – all the while
maintaining a high focus on premium quality and consistency of taste.
The company has a unique and diversified portfolio. This has allowed it to penetrate
different consumer groups. And maintain income from different streams. Into urn, that
gives a strong financial cushioning to the business.
Inimitable
Human resource management
The company has taken part in exemplified human resource management in all its
function – from recruitment to training of talent management. This has allowed the
company to develop an inimitable resource that is aligned with the organizational
goals, and mission, and which is synonymous to the organization itself.
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R&d - new product development
The company’s continued investment in r&d allows it to generate ideas for new
products, as well as test these new products in limited market settings. This allows the
company to assess the viability of new ideas, as well as generate feedback for
improvement where needed. This is an inimitable resource for the company because
it has become part of the company’s system and culture.
Innovation
Organizational culture
Cost control
The company has employed progressive means of controlling costs and maintaining
economies of scale. In this way, prices of the products are maintained and controlled,
and very few cost increases are passed to the consumers. This allows the product to
be easily affordable by the company’s target audience.
Non-substitutable
Brand recognition
The brand value and brand recognition enjoyed by Unilever s Lifebuoy in India
Implementing the Sustainability Plan is a non-substitutable resource. The high brand
recognition across different consumer group’s in different countries allows the brand
to enjoy high consumer ship, high sales, and a unique bond with the consumers. This
cannot be imitated at all by the competition as the brand recognition and resonance
has been built over the years through hard work and quality deliverance.
Brand equity
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The Unilever s Lifebuoy in India Implementing the Sustainability Plan enjoys high
brand equity. This has been developed through the different stages presented by
Keller in his model for brand equity. The high brand equity also reflects a high
emotional appeal that Unilever s Lifebuoy in India Implementing the Sustainability Plan
has for the consumers.
This means that the brand fulfils not only functional but also emotional and
psychological needs of the consumers. Again, this is an inimitable resource which the
company has developed because of its honest and trusted relationship with the clients
over some time.
VRIO ANALYSIS
Rare
Unilever s Lifebuoy in India Implementing the Sustainability Plan is one of the greatest
company all inclusive. Even though there are other worldwide and international chains
of competing companies, Unilever s Lifebuoy in India Implementing the Sustainability
Plan has made a distinct name for its quality and offers.
Non-substitutable
For the time being, no competition of Unilever s Lifebuoy in India Implementing the
Sustainability Plan could match such an enormous international presence in terms of
quality and consistency. It would require critical investment and assets to achieve this.
Organized to exploit
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Unilever s Lifebuoy in India Implementing the Sustainability Plan additionally
incorporates information and detailed ingredients for its products to interest an
assortment of clients.
Rare
Other competition also offers different products that are offered by Unilever s Lifebuoy
in India Implementing the Sustainability Plan, which means that it is not a rare resource
for the company. This is because other players also have access to similar products
and portfolios.
Inimitable
Considering other businesses and players are now using this capacity as a means of
expansion and penetration, it can, therefore, be imitated.
The Unilever s Lifebuoy in India Implementing the Sustainability Plan brand name
enables clients to enjoy and feel a bond of association with the brand. This allows
consumers to feel emotionally attached with the brand, and experience it as an
extension of themselves as well. As such, this becomes a valuable asset for the
company.
Rare
Non-substitutable
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It would be generally simple for other companies to revamp their packaging and
duplicate the plan of action of Unilever s Lifebuoy in India Implementing the
Sustainability Plan. In this way, the upscale and comfortable promise of the offering
by Unilever s Lifebuoy in India Implementing the Sustainability Plan could be imitated.
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conceptualization, Unilever s Lifebuoy in India Implementing the Sustainability
Plan ’s value chain gives reasonable and tasteful products to target buyers.
• The accompanying outline shows the value chain for Unilever s Lifebuoy in
India Implementing the Sustainability Plan and its situation in the bigger value
arrangement of the industry:
Figure 3 Value chain for Unilever s Lifebuoy in India Implementing the Sustainability
Plan
Value framework
Unilever s Lifebuoy in India Implementing the Sustainability Plan ’s value chain is a
segment of the business' value framework. The value framework is made out of
different other value chains of the speciality units of all associations included, for
example, the organization's producers and the remainder of the inventory network. In
the value chain representation, Unilever s Lifebuoy in India Implementing the
Sustainability Plan works directly, as well as through contracted third parties.
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Example from value framework for Unilever s Lifebuoy in India Implementing
the Sustainability Plan
Primary activities
Inbound logistics
The inbound logistics for Unilever s Lifebuoy in India Implementing the Sustainability
Plan refers to producers in different designated and appointed locations by the
company. Also, it also refers to selecting the finest quality raw materials from in-house
production as well as from third-party contractors. These are transported to the storage
sites after which the raw materials are used for producing different products by the
company.
Operations
Unilever s Lifebuoy in India Implementing the Sustainability Plan operates
internationally directly or indirectly. The company has owned offshore shops, as well
as stocks its products with other shops across different countries.
Outbound logistics
The company has contracted agents in offshore countries and sites to manage product
selling. However, a majority of the products are sold directly to licensed sellers and
shops locally as well as internationally.
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Unilever s Lifebuoy in India Implementing the Sustainability Plan produces and invests
in high quality and premium products. It also invests in a high level of customer
servicing and marketing. All its marketing activities, however, are based on strong
market research and market data.
Service
Unilever s Lifebuoy in India Implementing the Sustainability Plan invests in customer
service to develop customer loyalty and build strong relations with its clients. The
company invests in gaining and incorporating customer feedback and in solving
customer queries effectively.
Support activities
Infrastructure
This includes different departments like management, finance, legal, etc. which are
required to keep the company’s business running.
Technology development
Unilever s Lifebuoy in India Implementing the Sustainability Plan has been
commended and celebrated for the use of effective technology not only production but
also to make the overall system of production and sale, as well as in house production
more effective and efficient. Also, the company also uses technology to communicate
and connect with its consumers effectively.
Procurement
This involves purchasing the raw material for the final product. The company has
appointed agents that work for the company in different countries and regions to
purchase consistently high quality raw material so that the company can produce the
finest product qualities for delivering to the consumers.
Bottom line
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The concept of the value chain for Unilever s Lifebuoy in India Implementing the
Sustainability Plan helps in understanding how value is added in each process and
stage of the value chain. It also helps to understand and separate useful activities from
those that are not useful as such. This improves the overall bottom-line of the company
and increases the profit margins for the company as well.
Virtual chain
Customer-centrism
Generic strategies
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This section of the SWOT analysis model works with the inner variables that the
organization can use as competencies and strengths to address shortcomings and
ensure the business against rivalry. For this situation, Unilever s Lifebuoy in India
Implementing the Sustainability Plan ‘primary qualities are:
• In the SWOT analysis model, the global distribution network through directly
owned subsidiaries, or contracts with third-party agents further strengths
Unilever s Lifebuoy in India Implementing the Sustainability Plan by supporting
activities.
• For instance, the organization has a worldwide system of providers that are
deliberately chosen dependent on criteria relating to quality, for example, of raw
materials as has been discussed in the value chain - primary and supporting
activities.
• The focus on innovation not only keeps the company apart but also facilitates
its industry leadership.
• The internal core strengths and competent variables recognized in this section
of the SWOT analysis of Unilever s Lifebuoy in India Implementing the
Sustainability Plan demonstrates that the business has qualities that advance
strength through expansion and a worldwide production network.
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• This is done through contracts with offshore agents and licenses. Also, the
company continues to broaden its portfolio by adding new products based on
market research and consumer data.
Standard and benchmarked regulations and business procedures for all portfolio items
Generalization
• Likewise, this SWOT analysis highlights that generalized standards for all
portfolio products may be a weakness because it restrains the adaptability of
these products and items in the business.
Imitability
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Fighting the challenge of imitation
• The internal factors in this section of the SWOT analysis of Unilever s Lifebuoy
in India Implementing the Sustainability Plan demonstrate that the business
must create qualities to diminish the unfavourable impacts of impersonation and
the impact of high value focuses on the organization's share of the overall
industry in the international and local business.
Business enhancement
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• This can help improve the long term position of Unilever s Lifebuoy in India
Implementing the Sustainability Plan.
• For instance, through higher diversification of the portfolio and the overall
business, the Unilever s Lifebuoy in India Implementing the Sustainability Plan
organization can diminish its reliance on its present enterprises, and along
these lines work towards improving its general income development.
• The company can also formulate new B2B relations and contracts with other
companies and corporate entities.
• The external key factors in this section of the SWOT analysis demonstrate that
Unilever s Lifebuoy in India Implementing the Sustainability Plan can improve
its industry position by building up its activities to make use of the opportunities
in the international business markets.
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• Unilever s Lifebuoy in India Implementing the Sustainability Plan competes with
a wide assortment of firms in the local as well as the international market.
• For instance, the organization competes against significant premium
companies as well as against cheaper companies that offer cheap priced items
and products.
• This external but important factor in the SWOT assessment undermines
Unilever s Lifebuoy in India Implementing the Sustainability Plan because such
competing players can lessen the organization's share of the overall industry
by competing based on low prices and overall low costs of production.
Increased competition
Independent players
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FINAL RECOMMENDATIONS
Based on the overall internal and external analysis done for Unilever s Lifebuoy in
India Implementing the Sustainability Plan, this section will offer recommendations
which will help the company take on strategic directions that will enhance its core
competencies and capabilities, as well as reduce its chances for risks and threats?
The following recommendations are thus made for Unilever s Lifebuoy in India
Implementing the Sustainability Plan:
Control
This is an important strategic recommendation as it will allow higher control to the
company over its products in different markets. The company will be able to control
where its products are placed, and thereby, will also be able to enhance the
accessibility and easy availability of its products.
Higher penetration
This strategic recommendation will help the company reach a higher number of
consumers and penetrate deeper into target consumer groups. Also, this strategy will
allow the company to increase trial and consumption and sales of its products.
Market expansion
Another strategic recommendation for Unilever s Lifebuoy in India Implementing the
Sustainability Planis to expand into newer regions and markets. This can be done by
expanding into new markets, firstly. This expansion will give the company exposure to
new consumer groups. Increase the overall consumption rate, as well as diversify
income streams. Also, it will give the company related expansion exposure regionally
as well as internationally.
Product diversification
Another means of expansion is through product diversification. By adding new
products, the company will be Abe to penetrate deeper into existing markets bye
exploring new consumer groups, and new target consumer groups. This will also
diversify income streams for the company, and increase its overalls hare of the market.
By strengthening the value network further, and by adding quality and enhanced
elements at different stages, the company will be able to maintain competitive
advantage, as well as put off new players from the industry by increasing barriers to
entry. This will allow the company to maintain sustainable competitiveness over other
players, as well as maintain a possible leadership position in the local and international
markets and industry.
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