Marketing Plan Himalaya'S Skin Care Products
Marketing Plan Himalaya'S Skin Care Products
Marketing Plan Himalaya'S Skin Care Products
HIMALAYA’s
SKIN CARE PRODUCTS
BY,
N.SAVITHRI(1042323)
N.SRUTHI SARANYA(1042335)
K.C.TAMILSELVI(1042340)
I MBA- B SECTION
Table of Contents
1. Executive Summary..........................................................................................01
1.1.The Product.............................................................................................01
1.2.The Target Market...................................................................................01
1.3.Why the Target Market Needs This Product...........................................01
2. Company Background.....................................................................................02
2.1.Brief Company History...........................................................................02
2.2.Mission Statement...................................................................................03
3. Situation Analysis.............................................................................................04
3.1.Environmental Analysis..........................................................................04
3.1.1. Social Environment.............................................................................04
3.1.2. Economic Environment.......................................................................04
3.1.3. Demographic Environment.................................................................05
3.1.4. Technological Environment................................................................05
3.1.5. Competitive Environment...................................................................05
3.2.SWOT Analysis......................................................................................06
3.2.1. Strengths..............................................................................................06
3.2.2. Weaknesses.........................................................................................06
3.2.3. Opportunities.......................................................................................07
3.2.4. Threats.................................................................................................07
4. Segmentation Strategy.....................................................................................08
4.1.General Product Market Characteristics.................................................08
4.1.1. Product Life Cycle..............................................................................08
4.1.2. Type of product: convenience, shopping, specialty, etc ....................10
4.2.Possible Market Segments......................................................................10
4.2.1. Segment 1............................................................................................10
4.2.1.1. Geographic..................................................................................10
4.2.2. Segment 2............................................................................................10
4.2.2.1. Behavioral...................................................................................10
4.2.3. Segment 2............................................................................................10
4.2.2.1 Demographics..........................................................................11
4.3.Approach to Segmentation......................................................................12
4.3.1. Approach and Reasoning for It...........................................................12
4.3.2. Selection of Target Market(s).............................................................14
6. Market Research..............................................................................................17
6.1.Research Plan..........................................................................................17
7. Marketing Program..........................................................................................18
7.1.Positioning...............................................................................................18
7.2.Product Strategy......................................................................................18
7.2.1. Brand Name....................................................................................…19
7.2.2. Features and Benefits..........................................................................19
7.2.3. Points of Differentiation..................................................................…19
7.2.4. Product Life Cycle..........................................................................…20
7.3.Price Strategy..........................................................................................20
7.3.1. General Pricing Strategy.....................................................................20
7.3.2. Comparative Pricing...........................................................................21
7.3.3. Price Reactions....................................................................................22
7.4.Distribution Strategy...............................................................................22
7.4.1. Obtaining Materials.............................................................................23
7.4.2. Warehousing.......................................................................................23
7.4.3. Distribution to Customers...................................................................23
7.4.4. Intermediaries......................................................................................24
7.4.5. Transportation.....................................................................................24
7.4.6. Order Processing.................................................................................25
7.5.Promotion Strategy..................................................................................25
7.5.1. Communication Objectives.................................................................25
7.5.2. Advertising..........................................................................................25
7.5.2.1. Creative Strategy.........................................................................25
7.5.2.2. Appeals........................................................................................26
7.5.2.3. Competitive Efforts.....................................................................26
7.5.2.4. Media Vehicles............................................................................27
7.5.2.5. Print Ad.......................................................................................27
7.5.3. Personal Selling...................................................................................27
7.5.4. Sales Promotion..................................................................................27
7.5.5. Public Relations..................................................................................28
7.5.6. Publicity..............................................................................................28
MARKETING PLAN
HIMALAYA – COSMETICS – SKIN CARE
1. EXECUTIVE SUMMARY:
1.1 THE PRODUCT:
The product chosen for generating a marketing plan is from the company
“HIMALAYA (Herbal Healthcare)” classified under the skin care segment. The
skin care is an area which broadly covers products that are related towards the
teenagers such as skin nutrients, soaps, face packs, face washes, lip slaves and
fairness creams.
The Himalaya’s skin care production concentrates deep into the requirements of
the teenagers where they maintain a unique standard of producing the products
using herbal ingredients that does not affect the skin of the user.
The target market as stated before are the teenagers who expect the product to be
more of herbals rather than chemicals that spoils their skin. Himalaya thus
produces products that are more towards personal skin care that protect the
consumers from inside, air conditioning and central heating dehydrating skin,
Outside, a chemical cocktail with every breathe. Thus the products produced are
well satisfied with the consumers’ expectations thereby providing them with a
healthy nourishing skin.
2. COMPANY BACKGROUND
2.1 BRIEF COMPANY HISTORY
ABOUT THE COMPANY:
The Himalaya Drug Company was founded in 1930 by Mr. Manal
with a clear vision to bring Ayurveda to society in a contemporary form
and to unravel the mystery behind 5000 years old system of medicine.
The company has focused on developing safe, natural and
innovative remedies that will help people lead richer & healthier lives.
Today Himalaya products have been endorsed by over 2, 50,000 doctors
around the globe and consumer in 59 countries rely on Himalaya for
their health and personal care needs.
HISTORY:
3.SITUATIONAL ANALYSIS:
3.1 ENVIRONMENTAL ANALYSIS
Cultural factors might include the way people perceive the Drugs
should be for their family. The upper middle class population, i.e.
Himalaya Healthcare target segment is however relatively sensitive to
cultural factors as the people often have different demand of the
Drugs they purchase. However if Himalaya Healthcare is looking to
target other income population as well, then this factor would gain
a higher prominence.
3.2.1 STRENGTHS:
3.2.2 WEAKNESS:
3.2.4 THREATS:
Major competitors-Dabur,Cavinkare,Jyothy
laboratories,Paras Pharmaceuticals,Zandu.
Manufacturing costs & processing costs are high.
Competition from synthetic brands.
4. SEGMENTATION STRATEGY
4.1 GENERAL PRODUCT MARKET STRATEGY:
4.1.1 LIFECYCLE OF THE PRODUCT:
The product life cycle goes through multiple phases, involves many professional
disciplines, and requires many skills, tools and processes. Product life cycle (PLC)
has to do with the life of a product in the market with respect to
business/commercial costs and sales measures. To say that a product has a life
cycle is to assert three things:
Stage Characteristics
3. little or no competition
1. Market
introduction stage 4. demand has to be created
The Consumer products are classified into 4 types as mentioned above. The
product of Himalaya’s can be classified into Convenience and Shopping
products where the demand for the product is high and there is a mass
advertising made for those products. There are many outlets present for the
purchase of the products.
3. DEMOGRAPHICS:
Age: 16-26
The target customers are teenagers and those who give importance to their
skin and who are well aware of the herbal products and its importance.
Education: Students or Graduates
As mentioned earlier the product entirely deals with the ingredients of herbal
and natural materials and thereby the end-users must be educated to know
about the importance of the products and its use.
Sex: Unisex
The product was launched for usage of both male and female to protect
their skin from the polluted environment.
Occupation: Students and office goers
The company has targeted these people because the objective is to target the
students and young office goers as they will be more concentrated towards
their beauty and skin care.
Lifecycle: single and married male and female
Any one of the above mentioned target audience are those who will care for
their skin and those who don’t mind spending for their personal skin care
products that will give them a feel of esteem
Social Class: Middle and Upper class people
People having enough money to afford for the product are the upper and
middle class as the cost of extracting and manufacturing products of herbal
ingredients is high compared to other chemical skin care products.
One can first identify the customer segments at a single parameter level. This
means that one should make multiple sets of customer segments:
One set of segments for their risk profile. (high risk, medium risk, low risk..)
One set of segments for product affinity. (Market basket analysis..)
One set of segment for Existing/potential value/profitability. (High value,
medium value, low value..)
You can now make next level groupings on combination of multiple parameters.
This will generate clusters of customer segments. A customer in this case will
belong to a single cluster, for a given combination parameters.
STEP 4- Validate the Segment clusters, and churning out the invalid OR
sparse combinations of core parameters
You can take out the combinations which are either invalid combination OR are
sparse combinations (with very few customer belonging to it)
Once you get the details on how many customers are lying in a given combinations
of parameters, you will do the following:
The following are some examples of aspects that should be considered when
evaluating the attractiveness of a market segment:
There are several different target-market strategies that may be followed. Targeting
strategies usually can be categorized as one of the following:
Single-segment
Selective specialization
Product specialization
Market specialization
Full market coverage
Core competencies are those capabilities that are critical to a business achieving
competitive advantage. The starting point for analyzing core competencies is
recognizing that competition between businesses is as much a race for
competence mastery as it is for market position and market power. Thus
establishing core competencies for a business product involves three main
strategies as follows:
General marketing strategies are broad and are aimed at various specific business
objectives. Some of these goals could be targeted on
The Research instrument used in this research plan is online questionnaire which
was a tool in obtaining the data required for the research process. The results are
analysed through the respondent’s feedback for the questionnaire. The
questionnaire and the responses are the key elements in determining the
customer’s expectation and satisfaction.
7. MARKETING PROGRAM:
7.1 POSITIONING:
The brand, the company analyzed, is targeted at the modern
Indian consumer who is willing to pay a premium for good medicine, and for
those who believe in ayurveda but are not inclined to go traditional ayurveda
clinics. This is a good example of effective concept development. The company
adopted a new logo to contemporize the brand image. The labelling and the print
is bold, which makes it easy for customers to read them, even when placed in
displays at pharmacies.
The current Himalaya logo is a visual definition of the brand.
The leaf that forms the crossbar of the letter H evokes the company's focus on
herbal healthcare. The teal green represents proximity to nature, while the orange
is evocative of warmth, vibrancy and commitment to caring, associating the
Himalaya brand with the promise of good health and well-being. The positioning
is wide across the areas as mentioned below:
1) Pharmaceutical - health maintenance, eye, cardiac and skin care.
2) Personal Care - Health Care, Oral Care, Hair Care, Skin Care and Baby Care.
Baby care: Baby cream, baby wash, baby shampoo, baby gift series etc.,
Skin care: Baby lotion, face packs, lip balm , skin nourishes etc.,
Thus Himalaya skincare has established a good brand name for its products.
The word “HIMALAYA” has been used to signify the inclusion of natural herbs in
all products they produce, in turn, it assures the product quality(i.e, it has no side
effects).
7.2.2 FEATURE AND BENEFITS:
Himalaya skincare products have wide range of products with distinct features.
Thus each product is unique in its application and benefits. The benefits that ahs
been derived from these products are converted as customer experience. The
customer experiences are shared in way of testimonials in the company website.
Thus , these testimonials adds more goodwill and reputation to the company’s
products.
Premium Pricing: Use a high price where there is uniqueness about the product or
service. This approach is used where a a substantial competitive advantage exists.
Thus Himalayas Skin Care uses premium pricing for products like “HIMALAYA
-ANTI HAIRLOSS CREAM”
Economy Pricing: This is a no frills low price. The cost of marketing and
manufacture are kept at a minimum. The products are “HIMALAYA-
NOURISHING CREAM AND HONEY SOAP, CUCUMBER SOAP.
Other products
Thus by comparing the products and prices of HIMALAYA brand with various
other brands, Himalaya has got wide variety of products with reasonable prices.
The sizes of the products are also available in different ranges.
The prices are compared with the ayurvedic significance of the product.
The better results of the product give a high product performance. Therefore, the
consumers are ready to afford for the existing prices.
Himalaya has had an experimental herb farm in the foothills of the Himalayas,
since the early 1930s to grow rare herbs. Scientists on the farm constantly work to
improve yield of rare plants.
Himalaya's R&D division conducts studies in Pharmacognosy (the science dealing
with the sources, physical characteristics, uses and doses of drugs) to establish the
authenticity of plant material.
Himalaya has also set up an agrotech division in South India, where it is in the
process of growing geographically compatible endangered herbs.
7.4.2 WAREHOUSING:
The products are mostly distributed to the various locations through different
modes of transport. Moreover, these are further distributed to the potential
consumers through various store display. Thus need for warehousing for Himalaya
is very less when compared to other skin care companies.
The distribution is done through various store displays. The stores are located in
different areas in India as follows
Producers
Wholesalers
Sales representatives
Retailers
Consumers
7.4.5 TRANSPORTATION:
7.5.2 ADVERTISING:
Advertising is a form of communication used to persuade an
audience (viewers, readers or listeners) to take some action with
respect to products, ideas, or services.
7.5.2.2 Appeals:
Television
Magazines
Newspapers
Internet etc.,
7.5.6 Publicity:
The publicity is done through sharing customers experience and
existing customers’ feedbacks in their advertisements. Moreover,
Himalaya skincare products have a very good brand name which
further helps in increasing its publicity.
8.1 IMPLEMENTATION:
APPENDIX II
SAMPLE AD:
Himalaya’s latest advertisement campaign, which went on air for
the first time in August previous year, was creating a buzz
amongst the youth.
APPENDIX IV
MARKETING RESEARCH FORM:
QUESTIONNAIRE
MARKETING RESEARCH ON HIMALAYA'S SKIN CARE
PRODUCTS
Submit