Case Analysis: Colgate Precision Prepared for Instructor University Prepared by Student University October 19‚ 2011 INTRODUCTION Colgate-Palmolive has been researching and developing a superior toothbrush‚ the Colgate Precision‚ and as the Precision Product Manager I have overseen the development of the Precision from start to finish. We have been developing a technical innovation in the toothbrush industry‚ and with the product’s launch pending there have been several factors
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COLGATE PALMOLIVE - THE PRECISION TOOTHBRUSH CASE ANALYSIS QUESTIONS 1. List and briefly discuss the changes occurring in the toothbrush category and Colgate Palmolive’s competitive position. The greatest change happening is the move of the consumers from value segment to the professional segment. Their professional brush market has increased. They are now trying to introduce a new toothbrush to the market which should be in a segment of its own. This toothbrush should get them in the super premium
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Colgate Palmolive Case Problem/Opportunity Richard Werner has to decide which marketing strategy to use with an increase in marketing budget will grow the market share of Colgate The marketing strategy/plan needs to increase overall profit for 2013 Analysis Strengths Big brand awareness‚ #1 in the market share (have 32.4% of market) It is a staple category for most retailers allowing them to get into more stores and offer more promotions as it increases the revenues for the stores Have very good
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companies such as Novartis ‚ Bayer AG ‚ Pfizer ‚ etc . Simultaneously ‚ Apple Computers continuously invests million dollars in Research Development ‚ Art Design and other technologies . Those investments and innovation spending effectively fit into Apple ’s pricing strategy because the companies seeks particular identification in the eyes of consumers ‚ which is achieved through incredible futuristic designs of Macintosh and iPod . Practically ‚ many industry leaders utilize technology and innovations
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FACTORSBranding: Should the name of the product on the package and in advertising be "Colgate Precision" or as "Precision by Colgate"Communication and promotion: This is an effective way to pull a market share because it is hard to increase primary demand unless stealing sales from existing productsMajor competitors in the super-premium segment: Oral-B‚ Reach Advance Design‚ Crest Complete‚ and Aquafresh FlexDifferential pricing structure: Niche market vs. Mainstream marketDifferent advantages/ disadvantages:
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Colgate Palmolive With a continuous expansion in it’s product line‚ Colgate-Palmolive is taking on the look of one of the most stable stocks on the exchange. Colgate has a wide variety of products sold around the globe including‚ Colgate Toothpastes‚ Speed Stick Deodorants‚ Ajax Surface Cleaner‚ and Hill’s Science Diet foods for house pets. Colgate was founded in 1806 in New York City on Dutch Street by William Colgate as a starch‚ soap and candle business. Colgate produced soaps and
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Colgate Palmolive With a continuous expansion in it ’s product line‚ Colgate-Palmolive is taking on the look of one of the most stable stocks on the exchange. Colgate has a wide variety of products sold around the globe including‚ Colgate Toothpastes‚ Speed Stick Deodorants‚ Ajax Surface Cleaner‚ and Hill ’s Science Diet foods for house pets. Colgate was founded in 1806 in New York City on Dutch Street by William Colgate as a starch‚ soap and candle business. Colgate produced soaps and perfumes
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would be a toothbrush and toothpaste. The first record of the toothbrush was back in 3000 B.C. The concept of the bristle toothbrush came later on in the 5th century in 1498. The Chinese made this out of boar or horse for the bristles and cattle bone or bamboo for the handle. This toothbrush didn’t catch on too quickly because the bristles were to coarse for people. It wasn’t until 1780 when a man named William Addis an Englishman‚ caught on to the idea and mass produced the toothbrush. The toothbrush
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around with us everywhere we go‚ but it’s only a matter of time when someone comes up with something even better. Another invention that I am thankful for is the Toothbrush. This invention is so simple‚ but yet so needed in our everyday lives. Hygiene has improved tremendously in our history and the toothbrush started it all. The toothbrush first came about in 3500 BC and was used by the Egyptians and Babylonians. This tool was called the chewing stick; it was made by chewing on a stick till the wood
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been using tools to clean their teeth. Egyptians and Babylonians made brushes by fraying the end of twigs. In the 15th century‚ the Chinese invented the first toothbrush by attaching bristles from pigs’ necks onto a bamboo handle. The design was adapted by Europeans‚ who modified the design using soft horsehairs. Process selection In this case injection molding process is considered for manufacturing the brush handle and followed by other processes to complete entire the tooth brush First‚ The Materials
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