CONTENT
Question 1. Analyze the factors leading to Colgate Max Fresh's success in the US market………………………………………………………………………………………..4
Question 2. Critically evaluate CMF's adaptation strategies in China and Mexico. From a global CMF perspective, what are the short-term and long-term impacts of these adaptations?.............................................................................................................................6
Question 3. Suggest guidelines for optimizing new product introductions for Colgate Palmolive worldwide. Provide appropriate justifications……………..……………………………….11
Question 4. Write an outline marketing plan, focusing on product, price and promotion for the launch of CMF as a global brand. Provide
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The marketing strategy of the CMF launch on the U.S. market was well planned. A celebrity Emily Procter was invited to make advertising. According to Hofstede’s typology, the U.S. belong to an individualistic culture and Emily Procter was known for her “individual” success, the consumers were expected to “follow” her. As individuals are concerned primarily with their own interests and are concentrated on good appearance, fresh breath and white teeth are important components of their attractiveness. U.S. also belong to a masculine culture where material success and assertiveness are of great value (which Emily Procter communicates).
The packaging was thought out properly: “liquid-bottle form with mini breath strips clearly visible through the clear plastic container.” According to Martin Ross (1995) “sensory brand images would perform well in countries where high individualism is a dominant cultural pattern”, “a product with sensory appeal provides novelty, variety, and sensory gratification” . CMF embodied this image.
CMF achieved phenomenal success accounting for over 40% of the company’s revenues along with the products released after 2000.
Question2.
With a successful product in the US, Colgate-Palmolive decided to target its global audience by marketing to various geographies, especially the growing emerging markets, such as China and Mexico. Their global strategy posed immense challenges in terms of overcoming cultural
This marketing plan lays the foundations on which to build a solid and successful entry and entail a marketing campaign promoting core brand attributes and aligning them with our target market. To keep the plan on track specific objectives have been created to guide all strategic decisions. The objectives are divided into marketing and financial objectives
Question 2: Describe the methods for marketing planning, including business portfolio analysis, the Boston Consulting Group market
1) What significant changes have occurred in the Canadian mouthwash market in the past three years?
In our society today a business is not a business without an advertisement. These advertisements advertise what American’s want and desire in their lives. According to Jack Solomon in his essay, “Master’s of Desire: The Culture of American Advertising,” Jack Solomon claims: “Because ours is a highly diverse, pluralistic society, various advertisements may say different things depending on their intended audiences, but in every case they say something about America, about the status of our hopes, fears, desires, and beliefs”(Solomon). Advertisers continue to promote the American dream of what a women’s body should look like. They advertise their products in hopes for consumers to buy them, so they can look like the models pictures in the ads. Behind these ads, advertisers tend to picture flawless unrealistic woman with the help of Photoshop. In our society today to look like a model is an American dream and can be the reasons why we fantasizes and buy these products being advertised. “America’s consumer economy runs on desire, and advertising stokes the engines by transforming common objects;signs of all things that Americans covet most”(Solomon).
3. Repeat the Question 2 analysis, but now assume that the new marketing program is implemented.
Behavioral: Benefits - Show-off, being popular, being sexier Attitude toward product - Positive, sexual attractive, American lifestyle Not many companies use mass marketing these days. Instead, they practice target marketing by identifying market segments, selecting one or more of them, and developing products and marketing mixes tailored for each. A&F is a successful brand that targets the A&F, Analysis Report young generation market precisely. Based on our survey, A&F has achieved phenomenal success by portraying a brand image that comprises a series of very attractive imagery. Teenagers see a lot of this imagery through advertisements; however, what influences them most is their peers (Goodman & Dretzin, 1999).
2) What are the key components of a marketing plan? List and describe each component briefly.
Colgate-Palmolive Co (CP) was an international leader in household and personal care product, with the sales of $6.06 billion and profit of $2.76 billion in 1991. CP set up a five-year plan in 1991, pointing out that company needed to focus on new product launching and entry into new geographic markets by improving the manufacturing, distribution and the continuance of the core consumer products. Started from 1984, CP’s CEO awaked the company from “sleepy and inefficient” to profitable. Both gross margin and annual volume growth increased from 1985. Although everything seemed good, CP was facing the worldwide strong competitions from other companies. In order to have some protections, 170 CP’s
This initiative creates an impression of an environmentally friendly company hence creating a greater appeal for the company’s products. Colgate-Palmolive created 275 new products and introduced them to global markets in the last five years. The company then ensured product presence by building factories in China and Europe.
CompuCo is attempting to move from a domestic producer to that of an international producer. In order to achieve this feat, the company must have an international focus in regards to its overall business operations. It is quite apparent from the case, that CompuCo does not have the will or desire to be proactive with its international subsidiaries. In order to achieve greater international success, Dr. Durand must first alter the company culture. First, all international subsidiaries should be treated as a primary business irrespective of their individual performance. It seems, through reading the case, that much more emphasis is placed on French product development and applications that is given to its international counterparts. This is a detriment to business as many of CompuCo's international customers have differing tastes and sentiments in regards to product offerings. The case cites numerous examples of this between both French and American consumers. French consumers, for example, like to read product manuals and prefer complexity over simplicity. Their American counterparts however prefer ease of use, and a simple design. The company was slow to discern these changes in consumer demands and elected instead to emphasize its French product design. This created consumer ill-will and
Q.1. Assess the business scenario for ChotuKool? What are the critical success factors for this product to succeed?
Market segmentation is usually regarded as one of the main elements of marketing, with benefit segmentation commonly referred to as the most meaningful form of segmentation. Even though the importance of segmentation is broadly accepted, limited research, do exist about cosmetic medical products (Mohr, Sengupta, & Slater 2010, 79). There are very few real examples of segmentation studies available. This article has focused on Johnson and Johnson products marketing strategy globally. The spread of global culture is normally facilitated by the rise of global capitalism, the proliferation of transitional corporations, homogenization of global consumption, and widespread aspiration for material possessions. International market researchers have discussed the breadth of convergence of cultural values across countries.
Culture has progressed with many consumer merchandises that have become necessities and transformed into the day-to-day routines of society without having to think twice about it. CP or Colgate-Palmolive, is an icon for the personal hygiene industry throughout the United States, and as a worldwide company has positioned the brand as a most important home care in multiple foreign countries.The CMF line is CP’s most popular brand. The brand was a huge hit because of its individuality and the value that it crafted for consumers was astonishing. Colgate Max combined a new breath-strip and a mixture of therapeutics’, which added to more
In today’s economy a company needs to expand its customer base if it wants to continue to grow and develop. This process is sometimes difficult for older business managers. The need to stay locally and only focus within natural boundaries that were a staple in business in the past is no longer the way business operates. If the company does not branch out, it gives the opportunity for other companies to take more of the global market share and could eventually creep into the local area affecting the business that was not looking to expand. The international market place has provided a new template for many companies leading to adjusted and improved products or even in many incidents new products that would not have been realized at the local levels. Anson Zong-Liscum in a 2013 article provides five excellent reasons for why companies should expand internationally, staying competitive, opens up opportunities, growth for the company, increase personnel resources and advances in technology (Zong-Liscum, 2013). In the Oreo case study three of these reasons were directly looked at as being keys to the successful outcome in both China and India. This paper will review how Kraft strategically planned to enter the Oreo brand into new markets, the obstacles that occurred, lessons learned and how these processes changed the next expansion for the Kraft Oreo brand.
The report is about the market segmentation, targeting and positioning of the tooth paste industry in the local market of Mauritius. For a total population size of approximately 1, 2 million, toothpaste represents 80% of the market. This market is being shares which Colgate Palmolive which represents Colgate has 45% of the market share and the rest is being played among Aquafresh 20% and Blendax occupies 14% of the market share. 21 % of the toothpaste market shares are occupied by Signal, Close up, Casino and other make of toothpaste. Nowadays to be able to survive in this fierce competition world, firms need to satisfy the needs of its potential customers, hence keeping the existing and gaining new ones. For this to be