Presented by Quach Van Hoang Quach Van Hoang 29.01.2010 29.01.2010.
Young Marketer Elite 2013 - Assignment 6.1 - Bich van & Hoang lan
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Transcript of Young Marketer Elite 2013 - Assignment 6.1 - Bich van & Hoang lan
HOÀNG LÂN – BÍCH VÂN
What is Brand Innovation?
The process of
harnessing creative ideas to meet business
needs
fulfilling a brand’s promise through new products and servicesand infusing these new products and services with meaningful value
Brand Innovation Mix
BRAND INNOVATION
MIX
Product Innovation
Communication
Innovation
Channel Innovation
Process Innovation
Packaging Innovation
Pricing Innovation
BRAND INNOVATION
MIX
Product Innovation
Communication
Innovation
Channel Innovation
Process Innovation
Packaging Innovation
Pricing Innovation
Dove Body Wash Innovation Mix Dove Moisturizing Body Wash to
combat moisture loss and help maintain a healthy skin barrier while showering
A Body Wash that makes you feel hydrated and fresh after a bath
Website
YouTube
Reducing plastic weight by nearly 15% in the new Dove Body Wash Range.
Competition-based Pricing: Dove Beauty Moisture Body Wash cost $9.75 versus Dove Firming Moisture Body Wash (1 L) cost $10.70 in NTUC Fairprice.
Product Bundle Pricing: Dove Beauty Moisture Body Wash cost $7.95 when on offer versus $9.75 usually in NTUC Fairprice
Insight Concept Innovation
INNOVATION PROCESS
What should we do?
Can we do it?
Make sure we can!
Let’s do it! Recommen
d others to do the same
Was it success?
IDEAS
FEASIBILITY
CAPABILITY
LAUNCHPREPARATION
POST-LAUNCHEVALUATION
ROLL-OUTCONTENDERLAUNCH
INNOVATION FUNNEL
INSIGHT: “I don’t expect much from the shower gel as it simply washes off and goes down the drain”.
- Most shower gels are made up of water and surfactant, with some ‘advanced’ formulas containing glycerin.
- Competitors have innovated by focusing on fragrance and colour rather than new liquids technologies that offer added skin benefits.
Consumers don’t expect much from their shower gel.
OBSERVATION:
PRODUCT CONCEPT: A body wash/shower gel which deposits lipids, Vitamin E and other nutrients onto the skin, deliver a visible improvement to the way your skin looks.
INNOVATION: DOVE DEEP MOISTURE BODY WASH:- Deep Nourishment.- Mild & Gentle.- Luxurious Feel.
EVALUATION: - Research shows that after seven days of use, 4/5 women see visible improvement in their skin.
- After 3 weeks of use, consumers seeing “a lot” of improvement and are 97% likely to recommend VisibleCare to others