Marketing Plan Project: Introduction of Pond’s Face Moisturizer Cream from the United States’ Market to Turkey
Pond’s face moisturizer cream is one of the common and essential products’ brands in relation to cold cream and beauty products. The brand focuses on the maximization of the strong brand image, recognition, and critical history. In the development of this market plan project, the focus is on the Pond’s face moisturizer crime. The main objective of this project is to facilitate the transfer of the products from the United States’ economy to the Turkish market through application of critical innovation strategies. The main components of the plan will include market trend/facts, analysis of competition, marketing strategies, objectives, budget proposal and evaluation, and aspects of reaching the target audiences with the aim of addressing their needs and preferences.
Market Facts/Trends
In the development of the marketing project with the aim of enhancing or facilitating the transfer of the pond’s face moisturizer cream from the United States’ market to the Turkish economy, it is essential to understand market trends or facts. This will provide an opportunity for the development an accurate and targeted plan aiming to address relevant issues and maximize opportunities. The following are some of the market trends or facts in relation to the Turkish cosmetics’ market and industry (Consumer goods and retail report, 2012):
Cosmetics and personal care products are relatively new developments or products range with reference to the upward mobile Turkish consumer.
Several international cosmetics and personal care retailers have ventured in Turkey within the past ten years to compete against the products by established multi-nationals such as Henkel and Palmolive.
The potential of the Turkish cosmetics market with reference to the young, new consumers aspiring the western culture or lifestyle, and constant growth rates of the economy continue to lure new cosmetics and personal care products/brands into the market.
Competition
Competition is an essential component of marketing and production of products. This is because of the opportunity to adopt and implement various innovative strategies aiming to obtain competitive advantage within the market and industry. From this perspective, consumers have the opportunity to enjoy quality products thus addressing their needs and preferences. Pond’s face moisturizer cream faces stiff competition from established multinational entities and brands within the context of the Turkish market (Industry Report Consumer goods and retail: Turkey, 2012). The cosmetic industry is faces stiff competition with the concept of addressing ever-changing needs and preferences of the consumers. The main competitor in the achievement of the objectives of this market plan is Procter & Gamble multinational company.
The organization is an established enterprise in the developing Turkish market thus provides a stiff competition for the execution of the goals and objectives of this marketing product. P&G organization focuses on the marketing of more than 300 brands in at least 80 countries across the globe. In order to maximize its sales and marketing capacity, the organization markets its products primarily on grocery stores, mass merchandisers, discount stores, and high frequency stores. The organization also organizes its employees within the context of three critical global units. Some of the main factors of success for this organization within the cosmetic industry include innovation, large production and marketing scales, knowledge-sharing abilities, and effective brand management/leadership essential in the development of essential strategies for marketing and production (The Procter & Gamble Company SWOT Analysis, 2012).
PEST Analysis
Political
Political stability is one of the essential factors to contribute towards the success of this project because of the increase in the level of security and protection to the global investments within the organization. The government also provides opportunity for the development of global investments in the Turkish economy. This is essential for the transfer of the brand to the Turkish economy. The main political challenge is the essence of adherence to the government’s regulations and laws in the execution of the objectives of the marketing project.
Economic
Turkey experiences and portrays favorable economic conditions through constant growth and development rates. The economy is still young and vibrant thus the opportunity to maximize available utilities and components with the aim of enhancing the performance of the brand within the Turkish economy. Cosmetic industry portrays high levels of competition from established multinational firms and retailers. The main obstacle is the need to fight or withstand stiff competition within the industry.
Social
Western influence in relation to the emerging population is an essential factor of success within the context of the Turkish economy. The consumers tend to investment more on the personal care products with the aim of maintaining their status and self-esteem, thus the opportunity to introduce pond’s face moisturizer cream into the Turkish economy. The main objective in relation to this factor is the essence of addressing diverse social needs and preferences of the young and vibrant consumers within the Turkish economy.
Technology
There is high level of technological change within the Turkish economy. This is through adoption and implementation of technological advancements for the automation of production and distribution of various products by relevant organizations within the industry. The industry also integrates technology in the packaging sector to enhance safety of the products in addressing the needs and preferences of the consumers. The main objective is to keep up with the technological change in fighting competition and increasing the level of distribution to the target market.
Innovations
The marketing process focuses on the implementation of three critical innovation strategies with the aim of maximizing the goals and objectives of the financial projections. These innovation strategies include
Partnering with P&G enterprises to facilitate cross promotion of the products
Implementation of a brand with the ability to reduce excess oil from the skin in a two-way action: absorption and secretion of excess oil from the skin
Partnering with cosmetic retail outlets in Turkey to facilitate the promotion of the brands across the industry and market of operation
Consumer Segments
There are two critical segments in relation to marketing of the brand: traditionalists and naturalists. Traditionalists refer to individuals or targets who have used pond’s cream and whose parents used the product or brand for the personal care needs. This segment relies on the stability and consistency of the image and reputation of the product thus loyal users to the looks, smell, and packaging of the product. Naturalists are consumers who require a product with minimal ingredients. This brand has the capacity to address the needs and preferences of this segment because of its effectiveness and efficiency in addressing the issues of the personal care.
Goals and Measurements
To reach maximum targets thus the opportunity to increase the level of profits and revenues for the investment
To address personal care issues of middle-aged women in the context of Turkey
To facilitate effective and efficient transfer of the pond’s face moisturizer cream from the United States market to the young and vibrant Turkish cosmetic industry and market
To partner with established multinationals with the aim of cross promoting our brand across the Turkish economy
To double our marketing operations within the period of three years
The achievement of the goals and objectives will be evaluated in relation to the parameters. This indicates the need to evaluate the achievement of the objectives through key performance indicators such as revenues, profits, reputation, consumer base, and rate of turnover in relation to the brand.
Strategic Marketing Goals
To attract partners
To maximize profits and revenues within the projected period
To increase the volume of consumer base thus increasing the rate of turnover
To enhance cost efficiency in the distribution of the brand
To retain the traditional consumers while attracting the natural consumer segment
To increase the market share in relation to the Turkish industry thus the opportunity to enhance the operations of the organization within the context of the young and vibrant economy
To implement technology in the automation of the distribution process thus increasing the volume of operations while minimizing the cost
Tactical Marketing Goals
Effective implementation of social media platform to meet the targeted audiences in the context of the Turkish economy
To operate closely with the competitors with the aim of adopting their success factors and attributes to gain competitive advantage within the economy
To enhance interpersonal interaction with the consumers with the aim of enhancing their loyalty to the brand
To adhere to the legal and economic requirements of the country thus enhancing legality of the marketing operations
To develop and maximize vibrant workforce towards the achievement of the goals and objectives
Budget Projection
Component
Estimated Amount ($)
Products
10, 000,000
Research & Development
20,000
License and other documentations
40,000
Transportation
5,000,000
Employees (workforce)
1,000,000
Technology
40,000
Advertisement
100,000
Miscellaneous
300,000
Security Funds
3,500,000
Total Amount
20,000,000
Target
Our marketing plan focuses on the needs and preferences of the middle class and working class women. The target audiences who wishes to maintain their facial look thus eliminate wrinkles will be address their needs through adoption of our products/brand. It is essential to target such audiences with the aim of enhancing the volume of financial resources and quality thus improving the image and reputation of the enterprises and brand globally.
Advertisement
Our targets are busy individuals with minimal opportunity to adhere to the TV advertisements, thus the need to adopt and implement other aspects if advertisements. One of the essential aspects of reaching the target audiences is integration of the concept of social media. Interactive social media platform would enhance interaction with the target audiences. This is through development of facebook profile for the marketing group, twitter account, and blogs enhancing the understanding of the concepts and application of the brands. This will relate to the essential role of technology in shaping interactions in the modern society. The marketing strategy will also focus on the printing of the adverts and development of billboards to meet maximum consumers. This will facilitate success of the marketing plan project in the context of Turkey. In order to enhance the reach of the target audiences, the project will focus on collaborating with Hadise as a celebrity face. This is vital for the association of the consumers with the brand in the Turkish cosmetic industry.
Positioning Statement
There is no such moisturizer as the pond’s cream in the young and vibrant Turkish cosmetic industry
The brand has unique features and innovations to withstand any competition within the economy of Turkey
The brand is appealing to the middle class women who aim to maintain their facial looks with elimination of the wrinkles
Key Messages
To cater to ‘traditionalist’ consumer segment, the message will be essential in enticing the memories in the application of pond’s facial moisturizer.
To carter for the ‘naturalists’ consumer segments, the message would enhance their adventure into the application of the innovated brands of pond’s moisturizers.
References
Consumer goods and retail report. (2012). Consumer Goods Industry Report: Turkey, (1), 3-14.
Industry Report Consumer goods and retail: Turkey. (2012). Consumer Goods Industry Report:
Turkey, (3), 1-17.
SWOT Analysis. (2010). Hindustan Lever Limited SWOT Analysis, 1-10.
Uniliver hopes to spark customer ideas. (2001). Marketing Week (01419285), 24(18), 6
The Procter & Gamble Company SWOT Analysis. (2012). Procter & Gamble SWOT Analysis,
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