sustainable competitive advantage.[1]Marketing strategy includes all basic, short-term, and longterm activities in the field of marketing that deal with the analysis of the strategic initial situation
of a company and the formulation, evaluation and selection of market-oriented strategies and
therefore contribute to the goals of the company and its marketing objectives.
Developing marketing stategy
The process generally begins with a scan of the business environment, both internal and external,
which includes understanding strategic constraints.[3] It is generally necessary to try to grasp
many aspects of the external environment, including technological, economic, cultural, political
and legal aspects.[4] Goals are chosen. Then, a marketing strategy or marketing plan is an
explanation of what specific actions will be taken over time to achieve the objectives. Plans can
be extended to cover many years, with sub-plans for each year, although as the speed of change
in the merchandising environment quickens, time horizons are becoming shorter.[4]Ideally,
strategies are both dynamic and interactive, partially planned and partially unplanned, to enable a
firm to react to unforeseen developments while trying to keep focused on a specific pathway;
generally, a longer time frame is preferred. There are simulations such as customer lifetime
value models which can help marketers conduct "what-if" analyses to forecast what might
happen based on possible actions, and gauge how specific actions might affect such variables as
the revenue-per-customer and the churn rate. Strategies often specify how to adjust the marketing
mix; firms can use tools such as Marketing Mix Modeling to help them decide how to allocate
scarce resources for different media, as well as how to allocate funds across a portfolio of brands.
In addition, firms can conduct analyses of performance, customer analysis, competitor analysis,
and target market analysis. A key aspect of marketing strategy is often to keep marketing
consistent with a company's overarching mission statement.[5]
Marketing strategy should not be confused with a marketing objective or mission. For example, a
goal may be to become the market leader, perhaps in a specific niche; a mission may be
something along the lines of "to serve customers with honor and dignity"; in contrast, a
marketing strategy describes how a firm will achieve the stated goal in a way which is consistent
with the mission, perhaps by detailed plans for how it might build a referral network, for
example. Strategy varies by type of market. A well-established firm in a mature market will
likely have a different strategy than a start-up. Plans usually involve monitoring, to assess
progress, and prepare for contingencies if problems arise.
"In his classic Harvard Business Review (HBR) article of the marketing mix, Borden (1964)
credits James Culliton in 1948 with describing the marketing executive as a 'decider' and a 'mixer
of ingredients.' This led Borden, in the early 1950s, to the insight that what this mixer of
ingredients was deciding upon was a 'marketing mix'" (34).
"In product differentiation, according to Smith (1956, p. 5), a firm tries 'bending the will of
demand to the will of supply.' That is, distinguishing or differentiating some aspect(s) of its
marketing mix from those of competitors, in a mass market or large segment, where customer
preferences are relatively homogeneous (or heterogeneity is ignored, Hunt, 2011, p. 80), in an
attempt to shift its aggregate demand curve to the left (greater quantity sold for a given price)
and make it more inelastic (less amenable to substitutes). With segmentation, a firm recognizes
that it faces multiple demand curves, because customer preferences are heterogeneous, and
focuses on serving one or more specific target segments within the overall market" (35).
"With skimming, a firm introduces a product with a high price and after milking the least price
sensitive segment, gradually reduces price, in a stepwise fashion, tapping effective demand at
each price level. With penetration pricing a firm continues its initial low price from introduction
to rapidly capture sales and market share, but with lower profit margins than skimming" (37).
"The PLC does not offer marketing strategies, per se; rather it provides an overarching
framework from which to choose among various strategic alternatives"
Introduction of HUL
Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai,
Maharashtra. It is owned by Anglo-Dutch company Unilever which owns a 51.51% controlling
share in HUL as of March 2015 and is the holding company of HUL.[2] HUL's products include
foods, beverages, cleaning agents, personal care products and water purifiers.
HUL was established in 1933 as Lever Brothers and, in 1956, became known as Hindustan Lever
Limited, as a result of a merger between Lever Brothers, Hindustan Vanaspati Mfg. Co. Ltd. and
United Traders Ltd. It is headquartered inMumbai, India and employs over 18,000 workers,
[3]
whilst also indirectly helping to facilitate the employment of over 65,000 people.[4] The
company was renamed in June 2007 as "Hindustan Unilever Limited" [5]
Hindustan Unilever's distribution covers over 2 million retail outlets across India directly and its
products are available in over 6.4 million outlets in the country. As per Nielsen market research
data, two out of three Indians use HUL products
HUL is the market leader in Indian consumer products with presence in over 20 consumer
categories such as soaps, tea, detergents and shampoos amongst others with over 700 million
Indian consumers using its products. Sixteen of HUL's brands featured in the ACNielsen Brand
Equity list of 100 Most Trusted Brands Annual Survey (2014), carried out by Brand Equity, a
supplement of The Economic Times.[6]
The "most trusted brands" from HUL in the top 100 list (their rankings in brackets) are: Lux (6),
Surf Excel (7), Clinic Plus (8), Rin (13), Lifebuoy (15), Close up (21), Pond's (22), Pepsodent
(24), Fair & Lovely (29), Dove (30), Sunsilk (34), Vim (48), Wheel (67), Vaseline (70),Pears
(78), Lakme (91).[6]
The latest launches for Hindustan Unilever include: Knorr Chinese Noodles, Schezwan and Hot
& Spicy, Lakme Absolute Sculpt Range, Lakme Lip Love, Magnum Choco Cappuccino and Axe
Gold Temptation.[7]
The campus received a certification from LEED (Leadership in Energy and Environmental
Design)[62] Gold in 'New Construction' category, by Indian Green Building Council (IGBC),
Hyderabad, under license from the United States Green Building Council (USGBC)
The company's previous headquarters was located at Backbay Reclamation, Mumbai at the Lever
House, where it was housed for over 46 years
Many organizations develop their policies first by closely reviewing policies of organizations
with similar programs and services. While that practice is a good start, you still should have an
authority on employment practices review your policies. Finally, in the case of corporations, the
Board should formally approve the policies and the approval should be documented in Board
meeting minutes.
Sample List of Personnel Policies
The following is a sample list of policies. Consider the following list to get an impression of
some of the major policies in an organization. This list is by no means definitive for every
organization. The policies developed by an one organization depend on the nature and needs of
the organization.
Work Schedule
Work day hours
Lunch periods
Holidays
Vacation
Sick Time
Personal Leave
Leave of Absence
Severe Weather
Jury Duty
Hiring Procedures
Americans With Disabilities Act
Interviewing job candidates
Checking references
Offering employment
New Employee and Internal Orientation
New employee orientation -- general information
Agency-wide new employee orientation
Intern orientation
New employee and internal orientation checklist
Compensation
Paydays
Overtime and compensation time
Classifying employees as exempt or non-exempt
Salary ranges
Positioning pay within a salary range
Maintaining competitive salary information
Reclassifying positions
Salary review policy
Promotional increases
Withholding salary increase due to performance
Withholding salary increase due to leave of absence
Payroll Information & Timekeeping Procedures
Payroll information -- General
Payroll information -- Direct deposit procedures
Payroll information -- Required and voluntary payroll deductions
Timekeeping -- General discussion of non-exempt and exempt employee classifications
Supervisor's signature
Benefits
Eligibility and general information
Types of available benefits
Medical insurance
Dental insurance
Disability insurance
Supervisory communication
Life insurance
Confidentiality note
Retirement plan
Social security
Employee advisory resource
Workers' Compensation Information and Procedures
When there is an injury or accident on the job
What is covered under Workers' Compensation
Type of injury covered by Worker's Compensation Insurance
Medical expenses resulting from a work-related injury
Resources available
For example, if policies specified that employees should not discriminate on the basis of race,
creed or color, yet there was a history of your employees clearly discriminating against other
employees on that basis, then courts will conclude that your policies are to permit discrimination.
Therefore, it is critical that employees and volunteers have clear understanding of each personnel
policy and that their behaviors conform to those policies. The best way to accomplish that
understanding if for employees and volunteers to be trained on the policies and for their
supervisors to always be sure that policies are followed. Training about policies can be carried
out by ensuring that:
All employees and volunteers receive an orientation that includes overview of the
policies and procedures.
All employees and volunteers sign a document that indicates that they have reviewed the
policies and will act in accordance with them.
Supervisors regularly issue reminders to employees and volunteers about key policies.
Research Project
Study the comparative study of HUL, P&G, Nirma, Johnson & Johnson and Godrej in respect
of Price, Promotion and consumer demands.
The check out the how much population uses HUL of P&G products.
To search out what was the last years sales profit of various companies.
My research objective is to do the survey of small samples in various parts of Barielly and fill
up the Questionnaire by them.
To give suggestions to the various companies why their market share are decreasing and how
to improve their values.
My research objective is to make out the research for the companies with the less expenditure
on the research process with the maximum amount of profit by the research done.
To check out which one of the company expands more money on their advertisement.
Introduction
FMCG
FMCG refers to consumer non-durable goods requirement for daily or frequent use. Typically, a