UNIT TITLE Marketing Planning ASSIGNMENT TITLE Unilever Marketing Audit ASSIGNMENT NO 1 of 2 Intro to Unilever With 400 brands spanning 14 categories of home, personal care and foods products, no other company touches so many people's lives in so many different ways. Unilevers brand portfolio has made us leaders in every field in which we work. It ranges from much-loved world favorites including Lipton, Knorr, Dove and Omo, to trusted local brands such as Promise and Suave.
Headquarters Rotterdam, Netherlands Unilever House, London, UK Founded 1929 (by merger) Unilever, the Anglo-Dutch global consumer goods company, will open its first factory in Myanmar Marketing Plan A good Marketing Plan details what you want to accomplish and helps you meet your objectives. A Marketing Plan should: Explain (from an internal perspective) the impact and results of past marketing decisions. Explain the external market in which the business is competing. Set goals and provide direction for future marketing efforts. Set clear, realistic, and measurable targets. Include deadlines for meeting those targets. Provide a budget for all marketing activities. Specify accountability and measures for all activities. Changing perspective The production concept: achieving high production efficiency,low cost and mass distribution they assume that consumers are primary interested in product availability and low prices. The product concept :products that offer the most quality, performance, or innovative features. Managers focusing, on this concept concentrate on making superior product concentrate on making superior products and improving them over time. The selling concept: The organization must undertake an aggressive selling and promotion effort. The marketing concept: the company being more effective than competitors in creating, delivering and communicating customer value to its selected target customers. The societal marketing concept: determine the needs , wants and interest of target market and to deliver the desired factions more effectively and efficiency than competitors.
Changing Perspective in Marketing,1.1
The importance of social media has change the way marketing has been done before. Unilever should always be in touch with its customers through the use of social media, listening to their feedbacks and reminding, keeping tabs to them. This is the changing perspective in doing market and this shows that weaknesses have to be transformed to Strength and Threat have to be transformed to Opportunities. Capability for planning its future marketing activities,1.2 Organisational capability defined in terms of its core competence, synergistic effects, strengths, weaknesses and resources and behaviour. It represents a capacity of an organisation to use its strengths to overcome it weaknesses and create an opportunities and face in its external environment. Future planning for Unilever involves determining the current and future needs of the market . Unilever should review the organizations resources which can be grouped into these categories Financial capability Technological capability Brand Effect Loyal Customers
These categories explain here: Financial capability: This is a massive Company with its net income 5.3 billion (2013). They can also lend money easily from a bank since Unilever is a globally trusted brand. Technological capability: The great vast use of internet has smoothen the whole operation process till order taking and feed back requiring processes. Brand Effect: This famous and respected brand has a brand effect on the country Myanmar, inspiring and having excitement in the peoples mind. Loyalty: Unilever needs to know its loyal customers and retailers and wholesalers in order to satisfy them at all cost. Techniques for organisational audit and analysis of external factors A SWOT (strengths, weaknesses, opportunities and threats) analysis looks at internal and external factors that can affect businesses. For example, we can use a SWOT analysis to help us decide if and how we should: Take advantage of a new business opportunity. Respond to new trends. Implement new technology. Deal with changes to our competitors' operations.
PESTLE analysis, which is sometimes referred as PEST analysis, is a concept in marketing principles. Moreover, this concept is used as a tool by companies to track the environment theyre operating in or are planning to launch a new project/product/service etc. PESTLE is a mnemonic which in its expanded form denotes P for Political, E for Economic, S for Social, T for Technological, L for Legal and E for Environmental. It gives a birds eye view of the whole environment from many different angles that one wants to check and keep a track of while contemplating on a certain idea/plan.
Technique to analyze the External Factors This is how Pest and Swot are linked
Carry out External Analysis(Pestel),1.4 Political: The recent political changes in Myanmar has given a great opportunities to foreign investment to help country on the run. The democratization has bring a lot friendlier policy and favor greatly to foreign investment. E.g. Five years annual tax-free period for investors, lower land rental fees is a major fact and strong law protecting the investors from other countries.
Economical: Myanmar has broken down its doors and opened-up dramatically. Most people are eyeing on the recent dramatic changes and exciting about the improvement in economical sector. The rate of inflation on currency has been ceased and the interest rates on having a loan and the exchange rates are very stable (1$ equivalent to 800kyat). Sadly, the average income of every Burmese people in the country is around 3$ a day. They sure have very little disposable income.
Social: The living standards of the Myanmar people are not up to the standard. There are very few percentage of the people living in the metropolitan area. However, the hunger for the rise in living standards has given a chance for luxury products also. Lifestyle changes are quite fast. Technology: In terms of technology, I think that the company is fully prepared for it has more than fifty years of experience. Better packaging, mass production, and services to customer and better quality products. Legal: I am sure that the country is quite stable on legal issues and Unilever should hire a decent local legal officer to assist in doing business here in Myanmar.
Carrying out the SWOT analysis,1.4 This is the three chosen products
Cosmetics is the chosen product segment that I am going to perform SWOT analysis. Cosmetics sector has been a very successful crowning products for Unilever Swot analysis STRENTH Products are free from any toxic or mercury content
Excellent advertising and branding as Ponds is one of the most recognized brands
The packaging of Ponds products are eye-catching, suitable for its target market Affordable to everyone Weaknesses Most products have limited packaging sizes, which may be inconvenient for some consumers
Intense competition in the cosmetics industry from international brands like NIVEA
Opportunity Expansion of cosmetics industry into semi-urban and rural areas of the country Targeting audience from all age groups Threat High price for the products can limit potential consumers Cosmetic Care still not a market in rural parts of the country Availability of cheaper products from other brands in the market