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Project Paper on Ganga Soap

Satisfactory Essays

Marketing Management Project On Ganga Soap

INDEX

Executive Summary
Industry Analysis
4 Ps of Marketing * Product * Price * Place * Promotion

EXECUTIVE SUMMARY
This report brings out the launching of Ganga Soap, failure to make a mark in toilet soap industry, being re-launched again, failing yet leading to absolute end of the product in the market.
Launched by Godrej Industries in 1993, Ganga soap was produced from the holy water of the Ganges. It was considered to be an innovation on the part of the company. With the focus on the lower to middle consumer segment, it was priced affordably. The promotion techniques used for selling the product ended as the company claimed it to be created from the holy water of Ganga.
With …show more content…

It is evident that it is not only targeting the customer base having sentiments with the holy water i.e on religious norms but also the typical customer base in urban areas.
Thus, to create a giant base of customer, it has to be well understood that the customer needs a proper requirement of the product. Thus, it is the constant process of the company to understand the requirements of the customers and bring out the best in it.
The strategies involving the Ganga soap in improving its marketing will include the four P’s of marketing which are places, product, promotion and price. Using these methods, the whole product process of launching this soap will be processed.

Industry Analysis
The toilet soaps market is estimated at 530,000 tap including small imports. The market islittered over with several, leading national and global brands and a large number of small brands, which have limited markets. The popular and premium brands include Lifebuoy, Lux,Cinthol, Liril, Rexona, and Nirma.Toilet soaps, despite their divergent brands, are not well differentiated by the consumers. Itis, therefore, not clear if it is the brand loyalty or experimentation lured by high volumemedia campaign, which sustain them. A consequence is that the market is fragmented. It isobvious that this must lead to a highly competitive market. Toilet soap, once only an urban phenomenon, has now penetrated practically all areas including remote rural areas. Theincremental demand

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