Sun Silk
Sun Silk
Sun Silk
Acknowledgment
The preparation of this report is a sound example of teamwork. The experience is a valuable one because not only did the report increase our understanding and knowledge on the assigned topic, i.e. SUNSILK & Its Branding Strategies. It also taught us important lessons of how to incorporate out theoretical knowledge to enhance the understanding of practical implications. In addition, it also gave us a thorough opportunity to learn from others; despite conflicting ideas, the teams managed to join efforts and reach unanimous decisions at the end. It re-defined our skills of working with others to reach a final goal, and improved our communication as well as tolerance levels. However, this would not have been possible had we not been given the opportunity to present this report. Therefore, we would like to express the deepest appreciation to our course instructor, Ms. Tina Umnia Hossain, Assit. Professor, who has been a continuous source of guidance throughout the report and has always been there to answer our quarries.
Executive summary
The summery describes the history, mission, vision, purpose, and Sunsilks total brand and how company manages these brands for segmentation, targeting, and positioning. This report tells us that how company selects their segmentation, targeting and positioning strategy for a specific product Sunsilk shampoo. This report tells that what are the pricing, promotion, and packaging strategy of Sunsilk shampoo. It also mentions that what are the version of Sunsilk shampoo launch into the market according to consumer need and evaluation. What competitive strategies Sunsilk follows is also included in this report. Marketing programs and promotional activities are clearly and briefly covered in this report. Another vital element such as: market leader, market challenger and market follower are identified clearly. Mind share, market share and heart share are also included here, which helps to understand about consumer perception about the product. Finally, in the end recommendations are given that what strategy should Sunsilk follow to meet the strategies and market share of their competitors.
Introduction:
Sunsilk is a hair care brand, primarily aimed at women, produced by the Unilever group. Sunsilk is Unilevers leading hair care brand, and ranks as one of the Anglo-Dutch conglomerate's billion dollar brands". Sunsilk shampoos, conditioners and other hair care products are sold in 69 countries worldwide.
Sunsilk is sold under a variety of different names in markets around the world including Elidor, Seda and Sedal. The brand is strongest in Asia, Latin America and the Middle East and is the number one hair care brand in Brazil, Argentina, Bolivia, Sri Lanka and Thailand
Key facts
Number 1 in Asia, Latin America and the Middle East Sales of more than 1 billion a year. Selling in 80 countries. Also sold as Elidor, Hazeline, Seda and Sedal. Recent Awards: Holds the Guinness World Record for the most heads of hair washed and styled in one day
Objective:
To know about the Sunsilk. To know about the difficulties faced by the Sunsilk. To know about the growth strategies used by Sunsilk. To about the various promotional strategies of Sunsilk. To know about the 4 Ps of Sunsilk.
Methodology
In order to reach in our destination or complete the report with proper and relevant information we collected data from several sources. We collected data from both primary and secondary section. In primary section we prepared a questionnaires relating with different topics and making a general perception how people think about Sunsilk . In secondary section, we collected information from internet, promotional materials, and articles.
Unilevers mission is to add Vitality to life. It meets every day needs for nutrition; hygiene and personal care with brands that help people look good, feel good and get more out of life.
Branding strategy:
The branding strategy for a firm reflects the number and nature of common and distinctive brand elements applied to the different product sold by the firm. Branding strategy involves deciding the nature of new and existing brand elements to be applied to new and existing products. Branding Decisions: Branding strategy is one of the most vital decisions taking by marketers. It is a strategy, which brings lots of positive feedback for a firm. The first branding decision is whether to develop a brand name for a product. Today, branding is such a force that hardly anything goes unbranded. Unilever follow individual name for setting brand name for their different products, such as Sunsilk, Dove (Shampoo), Ponds, Fair & lovely, Dove for skin care. Unilever get a major advantage of an individual name strategies that the company does not tie its reputation to the products. So, if any brand fails or appears to have low quality, the companies name or image is not hurt.
Brand Elements: Brand elements can play a number of brand building roles. Band elements are those trademark able devices that identify and differentiate the brand. Most strong brands employ multiple brand elements. Marketers choose brand elements to build as much brand equity as possible. Brand elements such as: memorable, meaningful, likable, adaptable and protect able. We describe those elements in short as follows: Memorable: every consumers mind catches the brand name. Their marketing programs set the brand name in consumers mind. Their short brand name such as: Dove, ponds, Sunsilk etc are easily memorable. Meaningful: Every consumer has a clear meaning about Sunsilk. Consumer thinks about Sunsilk as a product which solve their problem relating with hair. Likable: From our research we found that most of the people like the brand verbally and visually. Protectable: The brand name is legally and competitively protectable. The brand retain their trade mark rights and not generic. Adaptable: another fact which we saw in Sunsilk. Different pack size and new formulas are easily accepted by the consumers.
Identifying competitors
Pure competition: Sunsilk exists in the pure competition. Analyzing competitors: The new Sunsilk shampoo aims to fulfilling the need of its target market by offering a high quality, assessment of concept in term of acceptability, credibility, and perceived benefits that it offers a healthy choice shampoo alternative to target customer. Classes of competitors: In urban areas, Sunsilk is acting as a market challenger against Head & Shoulder. Sunsilk has got the advantage of keeping their prices lower than Head & Shoulder shampoos but Head & Shoulder has captured a bigger share of the market due to its intense promotional activities
Competitor review: The major competitor of Sunsilk in rural areas is BIO AMLA and in urban areas Sunsilk mainly cutthroat of Head & Shoulder. The main advantage of BIO Amla is herbal composition, low prices, which attract rural market but in term of quality they are far behind Sunsilk shampoo. In urban areas Sunsilk acting market challenge with Head & Shoulder. Sunsilk has got the advantage of keeping their prices lower than P&G but P&G has captured a large market share due to its intense promotional activities. Generally, Cute work as a market follower as it doesnt go for any innovative action. Market share: Sunsilk as a market competitor, they are steadily gaining market share. At present market situation, they capture 34% of total market share.
Mind Share: to buy a shampoo rational consumers firstly think about Sunsilk due to the promotional strategies of Sunsilk. So that Sunsilk rapidly increase their mind share. Heart Share: Due to reach product and marketing attributes & features Sunsilks mind share in total competitive market is higher than any other brand. Consumer would like to choose Sunsilk as their first choice
Recommendation
1. The Sunsilk is a global company and each country has own culture, so Sunsilk should drive according to local preferences and needs because it is really necessary in today economic crisis to capture huge market share. Sunsilk can arise and ensure social responsibility in the society, so they would establish themselves in customer mind and customer would be loyal about Sunsilk. To ensure social responsibility and highlighting benefits they provide Sunsilk can raise their revenue. Sunsilk must focus on social responsibility, to maintain image among customers, mainly advertisement covers huge expenses of Sunsilk, but we recommend them to cut their 8
advertisement expenditures, in the economic crisis and should more focus on social responsibility. To ensure social responsibility and highlighting benefits they provide Sunsilk can raise their revenue.
2. People are familiar with Sunsilk, however they are not interested in whether it is a unilever product or not. Through extensive marketing methods unilever should make people aware of the fact that it is a Unilever Product and not just any product so that the brand loyalty increases and people purchase its product due to its brand name and not just the product name.
Conclusion
Sunsilk has huge potential of rural market 72% of total population but not yet develop a successful strategy to penetrate this market. The success of Sunsilk emulated which captured the rural market by two strategies- Develop strong distribution structure and Adopting packaging and pricing. Sunsilk
increase buying of raw material so that it does not have to suffer devolution and continuously increase in tariff rates. They introduced a smaller 100mi pack of Sunsilk in order to capture lower income segment. Sunsilk enter into web marketing. They should increase frequencies of advertising by electronic and print media. They should introduce 2 in 1 shampoo plus conditioner which demand huge potential market. Finally, taking every thing in account we can say that if Sunsilk emphasize more on social responsibility and create more attractive marketing programs, they can grab huge number of customers.
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