Product Life Cycle & Marketing Strategy of Colgate, Dairy Milk and Samsung 3D tv
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Type AssignmentTopic PLC & Marketing StrategySubmitted to Purvi Madam
Overview Introduction Product Life Cycle Marketing Strategy FMCG Consumer durables Cadbury Dairy Milk Introduction PLC Marketing Strategy Colgate Introduction PLC Marketing Strategy Samsung 3D TV Introduction PLC Marketing Strategy
IntroductionThe assignment is consider the Product Life cycle of the Product & Marketing strategy of the company for their product. The PLC & marketing strategy is of Consumer durable & FMCG (Fast Moving Consumer Goods).
Product Life Cycle- The period of time over which an item is developed, brought to market and eventually removed from the market. First, the idea for a product undergoes research and development. If the idea is determined to be feasible and potentially profitable, the product will be produced, marketed and rolled out. Assuming the product becomes successful; its production will grow until the product becomes widely available. Eventually, demand for the product will decline and it will become obsolete.
Product Life cycle has the 4 Stages. 1) Introduction 2) Growth3) Maturity 4) Decline
1) Introduction- Product Introduced in the Market2) Growth- It is a period of Rapid Market acceptance & sales rise at the increasing rate3) Maturity- Sales rise but at Decreasing rate4) Decline- It is the stage when sale star falling.
Marketing Strategy-Anorganization'sstrategythat combines all of itsmarketinggoalsinto onecomprehensiveplan.Marketing strategy is a long-term course of action designed to optimize allocation of the scarce resources in delivering superior customer experiences and promote the interests of other stakeholders.
Marketing strategy should be linked with the firms mission and values (although these elements are not strictly part of marketing strategy).
FMCG (Fast Moving Consumer Goods)- Frequently purchased/Used essential or non-essentialgoodssuch asfood, toiletries, soft drinks, disposable diapers.Ex. Shampoo, Milk, Chocolate
Consumer Durable Goods-Mass marketheavygoods(such as washingmachines, refrigerators, furniture) intended tolastthree or more years. Alsocalleddurable goods or hard goods. Ex. Washing Machin, Television, Computer.
ProductsFMCG- Cadbury Dairy Milk, Colgate, Head & Shoulder Shampoo.
Consumer Durable- Samsung 3D TV
Cadbury Dairy Milk-Cadbury company was founded in 1824 by John Cadbury in Birmingham, UK. Cadbury co. was entered in Indian market in 1948. Cadbury Dairy Milk was launched in India in 1984.The Popularity of Dairy Milk is so high in India that Dairy milk alone holds 30% value share of the Indian chocolate market.
Cadbury also launched so many flavours under the Brand name Dairy Milk, like Dairy Milk Shots, DM Silk, DM fruit & Nuts, DM Almonds, DM Crackle etc.
The Product Life Cycle of Dairy Milk-
Inspite of Dairy Milk introduced in 1984 in India, it is in the Growth level as per the Dairy Milk India co. Pvt. Ltd.
Cadbury continually keep change its shape, packing & other things but therere two things that are not change so highly from starting to present in India that are Price & Taste. There may be slide difference from introducing to now but it doesnt affect the Love of Dairy Milk in the heart of people of India.
Marketing Strategy Dairy Milk is available in various sizes from 10 gm to premium packs Competitive pricing starting from Rs.5.Manufacturing units of the Cadbury- Thane (MH) Pune (MH) Gwalior (MP) Bangalore (KA) Baddi (HP)
The media mix for the campaign comprises TV, outdoor, Internet and radio also.Cadbury Company also promote the Dairy Milk by several types of Campaign like1) Real taste of India in 19942) Khane walo ko khaane ka Bahana Chahiye in 19983) Pappu Pass Ho gya in 20014) Kuch Mitha Ho jaye in 2004 which inspire the customer to use Dairy Milk instead of Sweet on Traditional occations.5) Shubh Aarambh in 20106) Khane ke Baad kuch Mitha ho jaye in 2011
These all the campaigns are very successful but the most popular are Khane ke Baad kuch Mitha ho jaye, Pappu Pass Ho gya, Shubh Aarambh.
The most common thing in all the Promotion campaigns is that they all are directly targeted to the Tradition or culture of Indian people. In earlier time Dairy Milk make the target Market only to the Kids but now a days it targeted to the people of all ages by their campaigns.
Colgate PalmoliveIn 1806,William Colgate introduced starch, soap and candle factory on Dutch Street inNew York Cityunder the name of "William Colgate & Company". In 1857, William Colgate died and the company was reorganized as "Colgate & Company" under the management ofhis son Samuel Colgate In 1873, the firm introduced its first toothpaste, an aromatic toothpaste sold in jars. In 1928, Palmolive-Peet bought the Colgate Company to create the Colgate-Palmolive-Peet Company, In 1953 Peet was removed from the name & named as current Colgate Palmolive Company.
Vairous Product Category- Oral Care Colgate Max Fresh Personal Care Naturals Moisturizing Body Wash - Milk and Honey Home Care Palmolive dish washing Paste Professional Oral care Colgate Sensitive
Product Life Cycle of Colgate
Marketing StrategyIn 1940 Colgate use the slogan "It cleans your breath while it cleans your teeth, in 1960 "The Colgate ring of confidence The different type of marketing strategy are being used by colgate to promote the brand like, For Urban population, they would come up with the products suiting to young generation, For Urban rich and consuming class products on the basis of functional benefits, They launch the different types of toothbrush & toothpaste for different Group age.
Colgate used some promotional activity which are mostly unique like free Dental check up centers, Free Dental check up mobile vans.
Colgate gives the Scholarship to students by offers. Company increases the wholesalers in town areas as per their Promotional & marketing plans.
Samsung 3D Tv-
Samsung company was founded in 1938 in. Samsung-Sanyo began production of black-and-white televisions for domestic sale in 1972, in 1977 they started to export colour television. Samsung entered in the Indian market in 1995 with launching Mobile phones.
The 3D TV was introduced in starting of 2010 in the Global Market but it was introduced in Indian Market at the ending of 2011. The growth of the 3D TVs in India is very slow then LCD & LED TV.
Product Life Cycle of Samsung 3D TV-
Currently the growth of Samsung 3D tv is at between the Introductory stage & growth stage in Product Life Cycle. Marketing Strategy The marketing strategy of Samsung is not so high as like in their other products like Mobile. Company focuses on mobile market in india so they can not grow in 3D television market so fastly but it is also true that the popularity of Samsung 3D TVs are much higher then othe brand like LG, Panasonic.