Case Study of Marketing Management
Case Study of Marketing Management
Case Study of Marketing Management
Question 1: Suggest bases for segmentation of market for groom plus products
Answer:
Segmentation is the division of market based on similarity of tastes and preferenceof the
customers. Different products ranges target different customer segments. If the marketers know
which segment of the market they are targeting, they candesign their marketing mix to suit the
customers in the segment.In the case studies mentioned, the target market for male fairness
segment industryis the metro sexual youth. The domain of marketing segment is limited to
thecities. Therefore the bases for segmentation should be a mixture of Individualmarketing,
niche marketing and Local marketing.Individual marketing is the extreme level of segmentation
in which ABC can focuson individual customers. The company can approach individuals through
emailsand tie up with popular websites for promoting its own product. The company cansend
their promotional mails to the large customer base of these websites.The niche marketing can
be an effort to position the fairness products in a smaller urban market that have similar
attributes and some specific unsatisfied needs.Asresearch by the company shows that men
prefer bleach with its own fragrance andformulations niche marketing can be an effective
strategy.Local marketing can help expand the marketing beyond the boundaries of themetro
cities. The idea should be to offer customized fairness product to suit thelocal markets.As
mentioned in the case study that the youths are driven by desire to look fairer,this particular
attribute can be exploited. Even McDonalds had to design their strategy to to suit the local
markets by introducing indianite products.Besides certain segmentation variables has to be kept
in mind such as age and lifecycle stage, gender, income, social class and certain psychographic
attributes likevalues, beliefs, lifestyle, personality before designing a segmentation of market.
the beauty products can be the following.1. Selection of the right media like television, websites
and lifestyle journalscan be effective in case of fairness product.. Most visible display
hoardingon the busy streets, health centers, gym , spa etc. can help promote the product.2.
Point of purchase displays such as window displays, wall displays, danglers, balloons and of
course innovations like sniff teasers that spreads the aromaof product can be an effective
promotion mix.3. Distribution of free samples to niche segments to encourage them try anew
product.4. Free gifts, coupons ,scratch card scheme can incentivise the customers buythe same
product again.5. Devising strategies through money refunds and rebates so that
qualifiedcustomers make repeat purchase. The method of refund should beconsistent and
confidence boosting.Besides publishing stories and articles in leading dailies and health
magazines and promoting social and health activities before launching the product can help
buildawareness. If a products feature and specialty can be carried in the editorial sectionof
newspapers, publications or the broad cast medium, it can help not only in building awareness
but also build credibility.