International Marketing (1)

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Transcript of International Marketing (1)

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Overview

• Introduction• Product• Price - Thilini Jayasundara

• Place - Asjad Hameed

• Promotion - Dhananji Jayasinghe

•SWOT Analysis - Thilini Jayasundara

•Conclusion - Asjad Hameed

Vinothini Govindapillai

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Reckitt benckiser

• Merged in 1999

• Headquarters in United kingdom

• Vision

•Values

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About the company• Found in Los Angels, California in 1963

• 750 locations in 22 countries

• Values : F.R.O.T.H

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Products

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Reckitt Benckiser Products

•Dettol

•Veet

•Strepsils

•Nuromol

• Air Wick

•Harpic Max

•Resolve QuicknClean

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• While bean coffee

• Boxed tea

• Made to order beverages

• Baked goods

•Merchandise

Coffee Bean Products

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Pricing Strategies

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PRICING STRATEGYReckitt Benckiser is the fastest growing FMCG company and its £7 billion in size.

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Dettol soap is priced at retail price of Rs. 38.00 (115 gms) and Rs. 26.00 (70 gms)

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PRICING STRATEGYCoffee Bean uses premium pricing strategy

which deliberate setting of high prices for a

Product or service to emphasize its quality &

exclusiveness.

Competitors: Starbucks, Caribou Coffee, etc.

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Placing Strategies

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Reckitt Benckiser Mass Marketing with decentralized

operations

Business 2 Consumer (B2C)

Distributors and sub-distributorsPakistan (Top stores – High profile Customers)IndiaSri Lanka

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Further distribution to wholesalers and retailers

Targeting maximum geographical location in countries

Rural Development Force

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The Coffee Bean & Tea Leaf Locating Outlets in high traffic and visible

locations

Horton Place, COLOMBO 7

Personalized coffee and tea for niche marketComplete meals compared to Star BucksSandwiches in Singapore

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Standardized Outlets throughout

Using Master Franchising for Asian & Middle East

Owned-stores for Australia, Hongkong and US

Provide training and continuous communication

Importing coffee from centralized purchasing

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Promotion Strategies

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Television AdvertisementsUse famous celebrities as brand ambassadors

○ E.g.: - Vanish – Bollywood actress, Sri Devi

Radio Advertisements

Print Media Newspapers In-store Leaflets

In-store promotions

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In-store PromotionsLeaflets, wallpaper

advertisements & etc.

Advertise through their website

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SWOT ANALYSIS

Strengths Weaknesses Opportunities

Threats

 Very profitable organization & have a relatively good market share.

Target market characteristics.

Market potential. Competition.

It is a global coffee brand built upon a reputation for fine products and services.

Franchisee’s policy.

Changing of lifestyle.

Host country risk management.

Experience and innovation capabilities.

Enthusiasm of health consciousness.

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Conclusion

RB has a successful marketing mix for their product lines

RB needs to spend more on R&D

Improve marketing strategies for Question Mark products – Cash Cow

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Coffee Bean potential to expand into newer markets

Shift Niche marketing to bigger segmented markets

More promotion campaigns can be done