PROCTER AND GAMBLE: MARKETING CAPABILITIES
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Transcript of PROCTER AND GAMBLE: MARKETING CAPABILITIES
MARKETING CAPABILITIES
•OUTLINE p&g Fact Company background Main problem marketing at p&G conclusion
Global Leader in branded in consumer goods
Seasoned marketer with strong consumer research
The world’s largest financialcommitment to advertising
Company BACKGROUND
VisionTo be recognized as , the best consumer products and services company in the world
MissionWe will provide branded products and services of superior quality and value that improve the lives of the world's consumers .
1837- P&G FOUNDER
P&G’s approach to entering new markets was via, “acquisition or joint venture on a small scale, through trial and error, learn the formula of success before making a major commitment.”
in a “not
invented here”
approach R&D Connect-and-develop
MARKETING STRATEGY
P&G used design as a complement, helping consumers recognize, understand, and in some cases even imagine the functions of a given product.
Innovative approaches to consumer engagement
Word-of-mouth
Eye tracking to identify attention that consum
ers gave to packaging
20,000 research studies each year, and invested nearly $500 million into developing and executing these studies.39
Social Media
Interactive community promotion
While facing rivalry, it taught P&G five strategic lessons
• Never give your consumer a product-based reason to switch away from your brand.
• Think of every brand that we have, and treat every brand that we have, as though it were our only brand.
• Always determine whether a product innovation is brand-specific or generic.
• Competition will always follow your technology, not your brand.
• After you have defined your options, always test your worst-case scenario in the market. If you don’t, and if you have made the wrong move, the market will be the worst-case scenario.
OUR BILLION DOLLAR BRANDS
DISCLAMER Created by Tanya Gidwani, RCOEM
Nagpur, during an internship on marketing management by Prof.
Sameer Mathur