Lifebuoy

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Indian Soap Market

The Indian soap market is worth 7000 crore approx. The Industry includes about 700 companies with combined annual revenue of about $17 billion www.indianmirror.com It is highly concentrated with the top 50 companies holding almost 90% of the market The market is growing at 7% a year, could increase to 8%
HUL
28.01%

Godrej

Nirma
1.75% 54.30%

6.74%
9.20%

ITC Others (Wipro, P&G, Reckitt,etc)

www.managementparadise.com
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Competitors

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Product Life Cycle


Development Introduction Growth Maturity Saturation Decline

Sales

Time

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Various Stages
Launched in 1935 in India Lifebuoy Worlds largest selling soap brand Down market brand to Upscale brand First revamp: 2002, carbolic soap to toilet soap, contains Active B for superior bathing experience Market Share in bath soaps sector rose from 12% to 18% Second revamp 2004: A new curved shape (easy grip and modern look) Value Addition to product: Twice as good as others in preventing germs that cause body odour, acne and infections Lifebuoy varieties: Strong, Fresh, Gold and Naturals
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STP
Then Segmentation Geographic Age Income Lifestyle Personality Target Positioning Rural Youngsters/Hard Workers Lower Sports oriented, outdoor oriented Achievers Product Specialization Now Rural + Urban Whole Family Lower + Middle Holistic view (Kids, Mothers) Caring Full Market Coverage

Traditional, Male, Victorious Health for the entire concept of health family

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Brand Life Cycle

Source: Idris Motee Brand 2.0 Advanced Brand Strategy Master Class
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Concept of Product in both Life Cycles


Products have a limited life Product sales pass through distinct stages, each posing different challenges, opportunities, and problems to the seller

Profits rise and fall at different stages of the product life cycle
Products may require different marketing, financial, manufacturing, purchasing and human resource strategies in each life-cycle stage

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Brand Identity
Product Life Cycle Brand Life

Brand Identity
Introduction Growth Maturity Decline Realization of the communicative function of the brand Source: Brand Life Cycle: Theoretical Discourses, Lina Bivainiene
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Newness/Recognition Values Relations Coherence

Primary Awareness

Long Term Awareness

Brand Rejuvenation
Review the current business strategy
Offerings Costs of producing and delivering them Primary customers

Conduct qualitative research with your current and former customers


Most desirable customer What do they think and feel

Conduct a competitive brand audit with your customers


Consideration set Mindshare

Conduct a visual and editorial audit of current marketing and communications


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