Marketing Case study examination 2013
“Renova”
Purpose & Mission
* Definition (What business are we in?) * Renova is a private Portuguese-owned company that manufactures disposable tissues and hygiene products under the brand name “Renova”.
* Purpose (What do we want to be in? * They would like to be Europe’s leading brand that loves the customers, care about them and has a culture * Expand new market in Western EU * To promote the well-being brand of both body and mind, while supporting successful relationship not only of a person with oneself, but also with the whole environment.
Company/Organisation Analysis
SWOT Analysis
Strength: (Internal) * Strong domestic
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Since toilet paper is a convenience product, people will have to purchase a lifetime long, there is a big opportunity of steady and broad sales and profits.- Moist toilet paper success in Wester EU countries. - Expand the paper rolls impregnated with lotions and balms.- Color toilet paper used to successful in the past. (lead to customer change behavior in the future) * People have more confidence in the quality of the brand due to their experience over time and are more willing to try something new when secure about appropriate quality standards.- Fierce competition from consumer-goods behemoths - there is the opportunity of sales promotions to get consumers acquainted with your product’s quality and justify higher prices. - Necessity throughout the western world and in luxury hotel and restaurants around the world (Exhibit 5). | Threats (External)- The Western European toilet paper market is polarized, with strong growth for premium brands in 2002-2005.- Market is already greatly penetrated and saturated - overcome the threat of market saturation.- High competition on shelf space. Limited shelf availablity space at retail stores.- The company has to be aware of the following tight situation: due to the threat of a saturated and highly penetrated
In order to gain market shares through the low-income segment of the Brazilian market, Unilever should launch a new Detergent Powder brand at an affordable price, which could replace in the long-run Campeiro, its cheapest brand. However this strategy is not without any risks, since it can lead to the cannibalization of Minerva.
Thirdly, option is to strategically adjust the prices of their products because consumers are often very price sensitive. By doing so the company can either create more value that defines the quality and quantity of the product.
The entire purpose of promoting products is to create awareness, persuade and inform customers about your product or service while identifying key features compared with competitive products. There are many benefits of performing successful promotion such as increasing sales and acquiring a greater market share, showing your products features and exposing competitive product’s flaws, teaching the market benefits of your product, explaining different usage of your product, conveying your brand image of your organisation and promoting new and improved features of your products.
Value creation can lead to higher sales. In terms of competitive advantage, a product could offer more value to the customer for the same or lower cost. There are two ways this can be broken down: 1. Lower prices to generate demand in the market or 2. Increasing price to reflect higher value.
b. A future without toilet paper! The S400 is a toilet made in Japan and is completely paper free. Touching a wall-mounted console causes a wand to emerge from beneath the pre-heated seat, from which a warm, pulsating spray gently and effectively cleans the designated area including a “front” function to get the ladies so very, very clean. Next, the dryer function kicks in and the user will enjoy a rush of air warmed to your choice of three temperature settings. They even built in a fail safe for those of us accused of leaving the seat up, a tiny sensor embedded in the seat automatically raises the lid whenever a human of either sex looms within range; then gracefully lowers it again. The future will be great, it will be like the Silvester Stalone movie, Judge Dread, with the three sea shells.
The biggest impediment is that the Clorox enters an already existing market and the dominant market leader, PUR, has well developed its “PUR Ultimate” system. Moreover Procter & Gamble are about to take control over PUR. It is also likely that the sale of
In the article, “ Modern Marvels” by John Loocrapper, it conveys the history of toilets and toilet paper along with how they are made. In the ancient cities of Harappa and Mohenjo-Daro located in present day Pakistan, they had the most advanced plumbing system of the world. It was very important to drain the sewage out of the cities so the smell would not cover a vast part of their area and they did just so. These devices have changed from then but most of the concepts that were created are still in use today. This piece of literature supports the claim how a toilet is made, the history of toilet also known as the evolution, and the background of toilet paper.
For many years, people have always debated upon the correct orientation of the toilet paper roll. Now, as this may seem like a foolish topic, it has been the base of many heated arguments between spouses, roommates, and friends.
There’s a saying, it’s that the three necessities of life are food, shelter, and toilet paper. In 1890, when toilet paper was first put on a roll, was when the world truly started. Toilet paper is the best invention ever created because it gets us clean and fresh in seconds. Joseph Gayette was the man behind it all. His invention has and will be used in the world for hundreds and hundreds of years. It’s almost as if you didn’t even leave to do your business. Imagine a life without toilet paper, I just couldn’t do it. Toilet paper is so easy to get rid of, practically everywhere, and it’s clean and effective.
Costs play an important role in setting international prices. Travelers abroad are often surprised to find that goods that are relatively inexpensive at home may carry outrageously higher price tags in other countries. Besides, such price escalation may result from differences in selling strategies or market conditions. In most instances, however, it is simply a result of the higher costs of selling in foreign markets such as the additional costs of modifying and packaging the product, higher shipping and insurance costs, import tariffs and taxes, costs associated with exchange rate fluctuations and higher channel and physical distribution costs. Futhermore, Milo also adopted Promotional Pricing strategy. Selling products is challenging when shelves are lined with similar-quality products, and customers are bombarded with advertising messages. Promotional pricing helps differentiate Milo’s product with its competitor and leverage a potential customer's attention long enough to purchase the Milo products. Promotional pricing involves lowering the price of a product, distributing coupons or offering specials, such as buy-one-get-one-free offers. For example, Milo offer promotional pricing for its product in weekly catalogue to create excitement and a sense of
However, toilet provision has remained inadequate in most communities, which lack even rudimentary toilet access (Gershenson & Penner, 2009; Molotch & Noren, 2010). According to Kitchin &
The buyers in this sector are individual households. People use toothpaste for their own personal use. “The customer power is magnified when the market has many sellers and fewer customers. The switching cost from one seller to another is another
Product quality and efficient marketing are the core value propositions that set the pace for Gillette’s success. With continued innovation in both product development and marketing strategies Gillette has been able to retain a commanding
Promotion is an aspect of the marketing mix that has great importance. In order for our product to be successful, the promotion we use will be very vital. This is because of the fact that the method of promotion we use for the product can help to differentiate our product from other products which makes it unique and outstanding amongst other brands. Moreover, using the right promotion can be used as a way to persuade consumers of our product that they made the right choice.