mini case : procter and gamble(p&g)
TRANSCRIPT
MINI CASE:
PROCTER & GAMBLE
2
Introduction
Today…
HOW?
5
• Customer knowledge• Long-term outlook• Product Innovation• Quality Strategy• Brand Extension Strategy• Multi brand Strategy• Communication Pioneer• Aggressive Sales Force• Manufacturing Efficiency and Cost Cutting• Brand Management System
Customer Knowledge
Long-Term Outlook
Product Innovation
Quality Strategy
Brand Extension Strategy
Multibrand Strategy
Each brandMeets a differentConsumer and Competes against Specific brands..
Communication Pioneer
Aggressive Sales Force
Manufacturing Efficiency and Cost Cutting
Brand Management System
• There are 66 brand under P&G( source: http://us.pg.com/our-brands)• One Executive is responsible for each brand.
Recognition!
• Forbes : Ranked #63 on the list of the World’s Most Reputable Companies• Fortune : Ranked #17 among the “World’s
Most Admired Companies” and #1 in their industry (Soaps and Cosmetics)• IRI : P&G earned five of the top 10 spots on
IRI’s annual New Product Pacesetters list.• Human Rights Campaign : Recognized
among a select group of companies, scoring a perfect 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index.
Challenges and Risks
• Competition from companies focused on specific categories and companies like Unilever.• Competition among themselves
because of multi branding.• More focus on brand extension results
in low profits.• Continuous pressure to innovate.
Otherwise, they’ll become obsolete.• Lack of unique identity for P&G.• Fake products can damage brand value.
What to do next?
And continue what they are already doing right!
Summary
• P&G started as a humble candle and soap company and slowly expanded its product range.• Became a leading company in later years
because of customer knowledge, long-term outlook, innovation, brand extension and multi-brand strategies, advertising, aggressive sales force, efficiency and brand management.• Face competition from many companies
and also between its own brands.• Should use social media to advertise and
promote.
DISCLAIMER
Created by Susrut, IIT Patna, during an internship under the guidance of
Prof. Sameer Mathur, IIM Lucknow.