preview

P & G's Product Development And Marketing Strategy Toward Japan

Good Essays

1. P&Gs Product Development and Marketing Strategy Toward Japan
Procter & Gamble is a large company in the U.S. that manufactures consumer products. It has earned public image and reputation as one of the global best marketers. The produces and markets above two hundred products that it vends in approximately one hundred and thirty nations across the world. Procter & Gamble is leading international force in cleaning products, laundry detergents, pet food products and personal care products (Sandholm et al., 2006, p. 57). P&G is one of the largest US-based consumer products companies that have managed to develop successful business model in both domestic and international markets.
Currently, the company is engaged in manufacturing, marketing and distributing of more than 200 products worldwide (Hill et al., 2016). However, in order to achieve and maintain such growth, the company has faced with significant challenges and barriers associated with operating in culturally diverse markets. It diversified its business operations globally after the Second World War through exporting its brands, products and marketing policies to the Western Europe, originally with substantial prosperity.
The strategy of developing fresh products and …show more content…

Good example was illustrated by the dish soap – new product developed for Japanese market in 1995. Three years later the company has gained a 20% market share for this product and left behind its key local competitors. The company has identified and addressed the specific needs of Japanese consumers and thus increased customer’s loyalty towards the brand. By observing over the habits and behaviors of Japanese consumers, the company has managed not only to develop appropriate product but also to develop effective and specific marketing communication

Get Access