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Marketing and Promotional Strategies: Month & Year of Submission MARCH, 2018
Marketing and Promotional Strategies: Month & Year of Submission MARCH, 2018
Submitted by
Name of the Candidate- ARPIT JAISWAL
Registration No. - 017-1121-3503-15
C.U Roll No: 1017 - 61 - 0180
Name of the College- THE BHAWANIPUR EDUCATION
SOCIETY COLLEGE
Supervised by
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Annexure-IA
SUPERVISOR’S CERTIFICATE
Signature:
Place: Kolkata
Date:
Name: Mr. Archiman Lahiri
Designation: Faculty, Bhawanipur College
Name of the College: The Bhawanipur
Education Society College.
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Annexure- IB
STUDENT’S DECLARATION
I hereby declare that the Project Work with the title Marketing And
Promotional Strategies: With special reference to Hindustan Unilever
Ltd. submitted by me for the partial fulfillment of the degree of
B.Com. Honours in Accounting & Finance under the University of
Calcutta is my original work and has not been submitted earlier to
any other University/Institution for the fulfillment of the requirement
for any course of study.
I also declare that no chapter of this manuscript in whole or in part
has been incorporated in this report from any earlier work done by
others or by me. However, extracts of any literature which has been
used for this report has been duly acknowledged providing details of
such literature in the references.
Signature:
Place: Kolkata
Date:
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ACKNOWLEDGEMENT
I would also like to thank my parents, friends and college mates for
their helpful contribution towards this project and helping me
throughout.
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CONTENTS
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-CHAPTER-1
INTRODUCTION
1.1 INTRODUCING THE TOPIC
Goods and services are produced to satisfy human needs. This is the ultimate
objective of all the business activities. In order to achieve this objective, goods
and services are brought from manufacturers to consumers and users. Goods
and services must be designed, priced, distributed, and brought to the notice
of consumers. All these functions are the subject matter of marketing.
Market does not mean simply the place where goods and services are bought
and sold. It really means anybody of people who are in close business relations
and carry on transactions in any commodity or service. It refers to the total
environment in which buyers and sellers are in free interactions with each
other so that the prices of the same good tend to be equalised easily and
quickly. Today, it is not necessary for buyers and sellers to meet physically at
any place. “Market” gave birth to “marketing”:
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1. To increase demand.
2. To present information to consumers as well as others.
3. To differentiate a product.
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To know why people prefer HUL over other companies:
There are many factors which separate a company from its competitors like
pricing, packaging, distribution channels etc. marketing and promotion plays a
vital role in this. The marketing and promotional strategies adopted by HUL
gives the company an edge over its competitors.
(I) According to Cavusgil and Zou (1994) marketing strategy can be defined as
“the means by which a firm respond to interplay of internal and external forces
to meet the objective of the export venture. The growing of global trade and
sales activity in the world has increasingly accentuated the importance of
exporting for firms and countries alike. Globalization process, global market
competition and the subsequent performance difficulties encouraged by
positive influence on current and future export performance (Navarro et al.,
2009) and so, many companies have allocated a more attention and resources
in order to export their products to foreign markets (Julian, O’Cass, 2003;
Julian, O’Cass, 2002a; Lages, 2003; Navarro et al., 2009).
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enterprises (SMEs) is one of the most viable strategies for achieving national
development goals such as economic development, strengthening the
industrial base and local production structure (Hallberg, 2000). Most of the
academic literature and empirical studies relating to organizational behaviour
in SMEs are based upon data gathered in developed countries. Previous
research outcomes ought to be cross-validated and put into another
perspective when studying SMEs in a developing country (Liargovas, 1998).
There appears to be little doubt that small businesses do make a large net
contribution to the creation of new jobs compared with large businesses (Birch
1979).
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1.6 RESEARCH METHODOLOGY
Research Methodology is a systematic method of discovering new
facts or verifying old facts, their sequence, inter-relationship, casual
explanation and the natural laws which governs them.
There are mainly two types of research methodology i.e. based on
Primary Data and Secondary Data.
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CHAPTER PLANNING
Introduction
Introducing the topic
Need for the Study
Objective of the study
Brief review of Literature
Research Methodology
Limitations of study
Chapter Planning
Conceptual Framework
Definition: Marketing Strategy
Definition: Promotion Strategy
Marketing Mix
Factors influencing Marketing Strategy
Factors influencing Promotion Strategy
National and International scenario
CONCEPTUAL FRAMEWORK
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2.2 Definition: Promotional Strategy
Promotion for any product or service is essential for any company. It is because
only through promotion people would come to know about the product. Only
after knowing about the product they consider purchasing. All the promotional
strategies can be classified under two categories – Push and Pull.
Push strategy
So when one goes to a mobile store to buy a new phone and the shopkeeper
urges and shows only Samsung phones, it is push marketing and the
shopkeeper is getting more margins on selling Samsung phone than any other
brand.
Pull Strategy
When a customer goes with a specific brand and product in his mind to the
market, it is the pull strategy that has worked for the company.
Hence, this concludes the definition of Promotional Strategy along with its
overview.
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2.3 MARKETING MIX
Marketing Mix, a term coined by Neil Borden, are the ingredients
that combine to capture and promote a brand or product’s unique
selling points, those that differentiate it from its competitors. The
ideas behind Borden’s model were refined over the years until E.
Jerome McCarthy reduced them to 4 elements called “The Four Ps.”
This proposed classification has been used by marketing companies,
branding agencies and web design companies throughout the world.
Promotion – We’ve got a product and a price now it’s time to promote it.
Promotion looks at the many ways marketing agencies disseminate
relevant product information to consumers and differentiate a particular
product or service. Promotion includes elements like: advertising, public
relations, social media marketing, email marketing, search engine
marketing, video marketing and more. Each touch point must be
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supported by a well positioned brand to truly maximize return on
investment.
Place – Often you will hear marketers saying that marketing is about
putting the right product, at the right price, at the right place, at the right
time. It’s critical then, to evaluate what the ideal locations are to convert
potential clients into actual clients.
Market selection:
For better sales of a product, market selection is significant. The amount of
sales of a product depends on the location of the market, whether the market
is situated in urban or rural areas; whether the market place is easily accessible
for people.
Consumer analysis:
The consumer characteristics such as taste, choice and preference affect the
product marketing. The consumer characteristic varies from man to man and
location to location. So inspection of consumer characteristics, needs and
purchase processes is also important.
Distribution planning:
The delivery system of the product to various markets, shopping malls and
restaurants is also considered for marketing strategy. The distance from the
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production place to whole or retail seller, transportation system, physical
distribution, allocation of goods, wholesaling detailing, inventory management
and channel relations are reasonable factors for distribution planning.
Price planning:
Price of a product should be kept in tolerable range for all classes of people so
that they can easily pay for the product. If the price of the product becomes
very high, the consumer will not buy the product.
Communication Planning:
The communication planning may include the advertising about the product
through different mass media, such as the television, radio, newspaper. The
more a company publishes, the more it sells. At the recent time, online
advertising is another media of publicity. By advertising the companies or
organizations gets the chance of focusing their product’s good quality and
urging the customers to buy their products.
Brand name:
Brand name of a company has a large effect on the consumer to make them
buy their product. A company should select a nice and attractive family brand
for its better publicity.
Product-Oriented Factors:
The nature of a product or service and where it lies within the product life cycle
determines how much information a customer may require before making a
purchase decision. For example, customers most often require more
information when evaluating a new product or a product such as a computer, a
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car or a home heating system that is inherently more complex. In these cases,
advertising, in-store sales promotions and personal selling will figure more
heavily in the promotional mix. In contrast, a promotional mix that includes
general advertising and sales promotions is more appropriate for common,
everyday items such as groceries and clothing.
Target Market And Direct Competition:
It’s critical for a business to know what direct competition is doing in order to
create a promotional mix that differentiates its products from the competition.
Product differentiation, also called positioning, focuses on creating distinctions
about the attributes, price, quality or usage of a good or service as compared
to the competition. Positioning can be accomplished using an above-the-line,
below-the-line or combination promotional mix. An above-the-line
promotional mix often includes public relations, television, radio and print
advertising. A below-the-line promotional mix that focuses on direct marketing
efforts such as direct mail campaigns can be effective for positioning products
within a specific target audience.
Marketing Strategy:
A product's marketing strategy also affects the promotional mix. For example,
the promotional mix for a push strategy will be different than the mix for a pull
promotional strategy. A push promotional strategy takes the product to the
customer in an effort to create demand. With this type of strategy, direct
selling and trade promotions form the base of the promotional mix. A pull
promotional strategy attempts to increase consumer demand for a product by
drawing customers in. With this type of strategy, mass media advertising and
product promotions that create product awareness most often form the base
of the promotional mix.
Budget Allocations And Resource Availability:
Cost is a significant factor in determining the promotional mix. An annual
marketing budget, the budget for an individual campaign and the cost of each
promotional tool all play a role in determining whether and to what degree a
promotional tool can be used. For example, the high cost of producing and
running television advertising spots can be a limiting factor for some business
budgets. Resource availability is another consideration. Although newspaper
advertising may be an appropriate promotional tool, it can be an unavailable
option in a small community or ineffective if the newspaper’s circulation rate is
too low.
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2.6 NATIONAL/INTERNATIONAL
SCENARIO
NATIONAL SCENARIO:
Currently in India, the national economy and marketplace are undergoing rapid
changes and transformation. A large number of reasons could be attributed to
these changes. One of the reasons in these changes in the Indian Market
Scenario is Globalization, and the subsequent and resulting explosive growth of
global trade and the international competition. The other reason for these
changes in the Indian Market Scenario is the technological change. This is an
important factor because the technological competitiveness is making, not only
the Indian market, but also the global marketplace cutthroat.
In the Indian Marketing Scenario, the market success goes to those companies
that are best matched to the current environmental imperatives. Those
companies that can deliver what the people want and can delight the Indian
customers are the market leaders.
Today the companies are operating in such a marketplace where survival of the
fittest is the law. In order to win, the companies are coming out with various
new and evolving strategies because the Indian market is also changing very
fast. It is to capture the Indian market, that the Indian and the Multi National
Companies are using all of their resources.
The Indian Marketing Scenario is one of the biggest consumer markets and that
is precisely the reason why India has attracted several MNC’s. These large Multi
National Companies have realized that to succeed in the Indian market-place
they need to hire Indian representative who are much more aware of the
Indian economic, political, legal and social realities. In the Indian Marketing
Scenario, it is the MADE FOR INDIA marketing strategies that work
INTERNATIONAL SCENARIO:
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“Think Globally, Act Globally”, is today’s business rule. The world is changing
and the marketing styles have also changed. Business has attained a global
scope today. Because of the rapid technological advancements in
communication opportunities, it wouldn’t be wrong to say that today’s
generation actually lives in a global village. Communicating with someone has
just remained a click faraway. Consequently, businesses and consumers now
have access to services and products from throughout the world. International
internet marketing and multilingual website marketing are the buzzwords
today. No specific route is available for competing at international levels. The
international marketing strategy developed by today’s global organizations is
determined by the kinds of services and products provided by them,
international experience, growth aspirations and market targeted. In today’s
era of globalization, the market targeted is the entire world community. This
requires detailed research and analysis of foreign markets and their customer
preferences. By adopting an international marketing strategy common to all
markets, you are taking a wise yet risky decision. The decision is risky because
you would be required to make all the possible amendments in your strategy
for suiting expectations of various foreign countries and its customer base but
by adopting a common strategy you avoid all the hassles of multidomestic
approach which involves adopting unique strategies for particular markets. This
is the reason why international internet marketing has developed so rapidly.
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CHAPTER-3
The Company has about 18,000 employees and has a net sales of INR 33895
crores (financial year 2016-17). HUL is a subsidiary of Unilever, one of the
world’s leading suppliers of Food, Home Care, Personal Care and Refreshment
products with sales in over 190 countries and an annual sales turnover of €52.7
billion in 2016. Unilever has over 67% shareholding in HUL.
Hindustan Unilever Ltd is a unique company, with a proud history and a bright
future. It has ambitious plans for sustainable growth and an intense sense of
social purpose. The purpose is to make sustainable living commonplace. It
works to create a better future every day, with brands and services that help
people feel good, look good, and get more out of life.
In 2009, HUL launched The Compass – a strategy for sustainable growth. It sets
out clear and compelling vision to double the size of the business, while
reducing the environmental footprint and increasing the positive social impact
and gives life to the determination to build a sustainable business for the long
term. This is captured in the Unilever Sustainable Living Plan. Unilever is
committed to supporting sustainability and providing our consumers around
the world with the products they need to look good, feel good and get more
out of life. Five key priorities provide the foundation for their brand’s
campaigns:
2) A healthier Future.
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3.3 SWOT ANALYSIS OF
HINDUSTAN UNILEVER LTD
(HUL)
Strengths in the SWOT analysis of Hindustan Unilever Ltd
1) Brand visibility: From soap to mineral water, HUL is shaping the life of 1.3
billion people daily. Being in consumer goods market with its 20 consumer
categories helped HUL in occupying the large shelf space of Grocery
/departmental stores which itself explains the acceptance/demand of their
products in the market.
4) Product line: It offers product categories namely oral care, personal care,
household surface, fabric care and pet nutrition etc. having deep
assortments across the product categories.
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Opportunities in the SWOT analysis of Hindustan Unilever
Ltd
1) Awareness in usage rate of consumer goods: People getting more aware
and conscious about the usage may be through advertising /word of
mouth /doctor prescription ,is resulting in increase in usage rate of the
these products.
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3.4 SURVEY ANALYSIS &
FINDINGS
A) Company awareness among Customers:
TABLE NO. 1
OPTIONS RESPONDENTS
A 43
B 0
OPTIONS RESPONDENTS
A 16
B 12
C 10
D 04
E 01
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PRODUCT RECOMMENDATION
5
4
3
2
1
CHAPTER-4
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CONCLUSION AND
RECOMMENDATIONS
4.1 CONCLUSION
On the basis of research, I came to know that “Hindustan Unilever Ltd.” Is the
largest player, FMCG company in the country and has one of the widest
portfolios of products sold via strong distribution channel backed my excellent
marketing and promotional strategies. It owns and markets some of the most
popular brands in the country across various categories, including soaps,
detergents, shampoos, face creams, etc.
RECOMMENDATIONS
As per the collected data, it can be easily said that most of the
respondents know about HUL and its product through Television. So HUL
should focus more on Television advertisement.
HUL should also focus on the pricing policy of its product to increase its
affordability amongst more and more consumers.
In order to be extra ordinary, the Company has to walk the extra mile. A
method named “Experimental Marketing” can be adopted by the Company
BIBLIOGRAPHY
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JOURNALS:
International Journal of Academic Research and Development.
WEBSITES:
www.google.com
www.hul.co.in/about/who-we-are/
www.hul.co.in/about/who-we-are/our-vision/
www.marketing91.com/marketing-mix-hindustan-
unilever/
retail.franchiseindia.com/article/operations/marketing/
Hindustan-Unilever-adopts-new-promotion-
strategy.a3552/
en.wikipedia.org/wiki/Hindustan_Unilever
QUESTIONNAIRE
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