After extensive and exhausting research for the past few months on our newest product “Clean Edge”, in which many of our internal departments and managers have contributed invaluable knowledge, time and energy in seeing that Clean Edge has an efficacious launch in the super-premium non-disposable razor market, I was appointed by Mr. Quimby to spearhead a recommendation to the executive steering committee on my proposals for the branding, positioning and marketing budget allocation of Clean Edge’s launch. I have included in this memo my proposals as well as the research that supports my conclusions.…
In 1873, Adolph Coors and Jacob Schueler, both German immigrants established Golden, Colorado brewery. In 1880, Coors bought out his partner and became the sole owner of Coors Brewing Company. Today Molson Coors Brewing Company is the third largest brewing company in the United States (Molson Coors, 2013). In 1990, Coors Brewing introduced Coors Rocky Mountain Spring Water. The product was short lived and was taken off the market in 1992 after only two years. There are a few problems with the marketing and advertising of this product.…
As we wrap our final week in class, we’ve been discussing the proper format on how to promote or advertise whether it’s a sports drink, product, or any items in general. As I reflected over our class discussions, I started to think about some of the products that I felt weren’t receiving the proper marketing tactics and although a few came in mind, I thought about this cleaning product known as Awesome! Awesome Cleaning, which has been in business since 1983, is such a great product for cleaning up many stains you possibly couldn’t get to come clean with another popular cleaning product such as grease stains, mold build up, etc. Although the product has a little strong smell, it’s so reliable to use whenever you’re cleaning the house or need help on cleaning up a stain. For example, the most common mistake we’ve all made is wasting a red drink on the floor and having a difficult time getting it up; however, with this product and some solid scrubbing, the stains will come up. I’ve cleaned so many things at home using the product; however, I don’t feel that there is enough advertisement for the brand.…
The media’s reaction to the “blockbuster” advertisement campaign highlights many of the campaign’s flaws. The campaign focused on the product features rather than its benefits. Due to the ad’s product focus, Gillette failed to communicate why the additional blades and elastomer handle coating improved the quality of consumer’s shave. The proposed advertising campaign would address these flaws and focus on the customer experience. In order to educate consumers, Gillette should employ a mass media campaign similar to Pepsi’s “Pepsi Challenge.” This campaign will include blindfolded individuals testing and comparing the Gillette Fusion with several other razors, and will be hosted by a celebrity who shares similar brand qualities as the Fusion. The celebrity will be young, sleek and innovative, like Ashton Kutcher or Dwayne Wade.…
* In US razor market, nondisposable razors experienced approximately 5% growth per year from 2007 to 2010.…
Maintain company harmonized portfolio: Gillette ‘shaving‘ vs. Old Spice ‘grooming‘. To continue with ‘grooming‘ functional products for Old Spice.…
It takes hard work to create image of the company or brand or products in a given market as noticed by a target market. Whether marketing a piece of merchandise, a service, a company or even a person, positioning is crucial to the success of any product. Positioning of that product is about how you get into the mind of the prospective customer. You must first get into a prospect’s mind and then occupy that space. When positioning a product, you want the prospect to recognize that your product is created especially for them. This paper will identify different types of analysis used by marketers to find out product positioning, competitive positioning, customer perceptions and distribution-channel analysis. It will compare the strengths and weaknesses of each method and asses the different types of marketing analysis required to develop a marketing strategy.…
The article recognizes the industry’s ongoing efforts to outdo competitors as we as themselves. Razors have evolved to two, three, four, and now five blades for both men…
The art of business is taking a new shape in the contemporary world with the current advancements in modern technology. With the advancing use of computer technology, people have introduced new ways of selling and shopping online through the internet. Today, a variety of products and services can be acquired online and this explains for the vast benefits which can be realized in the heightening wave of technology. One common sector where online business has been realized is in the online shopping and gaming industry which has developed rapidly of late (Thompson, 2007). CanGo is one of the few companies known to have made a fortune in this sector. As a reputed seller of online books, games, CDS and DVDs, amongst other cutting-edge services and products, CanGo remains a real fun place on the Web. The company is reputable for offering the best online products and games as well as maintaining excellent service in terms of support and delivery of products.…
The credit card industry in Canada has been challenged since the recession started in 2008. There has been an increase in government regulation along with a spike in consumer bankruptcies. Due to the change in market forces, a number of smaller credit issuers like GE Money have exited the industry. Relevant to this paper is the media release announcing that effective January 7th, 2011, financing for the HBC credit cards transferred over to Capital One Financial Corporation.…
There are many factors that come into play when a product fails in the marketplace. The same failures seem to be a pattern among product failures. Some of the signs that a product is failing or has failed are: total withdrawal of a product, lack of understanding of market share to keep its place in the marketplace; and inability to achieve profitability (Berry, n.d.). In every business, there is at least one product that the company had created that failed at some point or another. It may have been an unrecognized product, or just something that was not…
Paramount’s newest non-disposable razor, Clean Edge, has brought a new hope for the company whose other products are either on the mature stage of product life cycle or on the declining stage. Clean Edge’s improved design provides superior performance and hence the top management is extremely excited. They need to come up with a marketing strategy including product positioning, brand name & marketing budget allocation for the upcoming launch. Another area of concern is how to deal with the cannibalization effect on the other range of non-disposable razors sold by Paramount.…
Paramount is facing not only the traditional, on-going competition from other long term, but faces increasing challenges to its market share from new entrants as well. The market is consisted of disposable and non-disposable razors, but in the last few years, a new trend has emerged. As a result of the increased emphasis on esthetic, or beauty product for men, there has been a growing movement among male consumers. This change has created a niche market, where men are willing to pay a premium for razors with better features and/or quality. Paramount´s main competitors is non-disposable razor category in 2010 are Prince, Benet and Klein, and other substituted products. Paramount commands a 23.3 % share of the non-disposable razor market as of 2009, outpacing both Prince and Benet and Klein at 19.2 %. In dollars, their share of the market is 23.4 %, which is higher than B & K at 22.0 %. It is also interesting to note that Paramount has increased its market share each year since 2007, while the competitors have not increased their market…
Currently, Gillette’s operating segments include personal grooming, small appliances, and oral care products, and the portable power segment. In the portable power segment, Duracell’s major competitors consist of Energizer and Rayovac while new and emerging ones included Sony, Kodak, Panasonic, and other private label brands. The collective entrance of these competitors in the 1990s is the primary reasons for Gillette’s lack of success in the battery industry, discussed below.…
Gillette protects its industry leadership on the back of intensive expenditure in R&D and the careful recording of the experiences that men have using Gillette razors. Armed with its superior knowledge on shavers and shaving, Gillette manages to outgun the competition by constantly leaping forward with novel products, which therefore have superior quality.…