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Introduction
Name of the company is Lux it registered office address is, Lux House, Model
Town, Jhansi -284135
Tel:-079-658-04401, Fax-079-54-6605
Web:-www.Lux.co.in
Lux is well known company in the market everybody know about Lux. Lux
manufactures so many brands (products) soaps, shampoo etc. but now I have to
launch a face wash. So what I should I do and how to launch a new product, it’s i
am going to discuss:-
(1)COMPANY DISCRIPTION
The Lux established in 1969 and since then it has expand billion. Today Lux has
ars.17 billion shares in this market and has been added its products like soaps,
Shampoo, knowledge as marketing MIRACLE. Lux known for its focus on cost
effectiveness by integrating latest technology manufacturing facilities with
innovative marketing strategy to create world class brands ,has by passed MNC’
like, HLL(Hindustan liver limited), p&g to become the market leader in this price-
sensitive industry.
In value terms, Lux holds 16% market share in the branded detergents
segment.
(ii)BUSINESS MISSION
The Company’s goals are to make customers more satisfied and provide more
quality product who would more reliable and company trying to give customer’s
maximum satisfaction for low cost products .The Company’s products offer an
attractive alternative to use their products. The company commitment extends from
the extend the business quality products and more consumer focus.
(iii)MARKETING OBJECTIVE
To extend the business To accomplish this marketing objective . Lux must have to
tie-ups some other branded (Foreign) company and produce very good quality
products. People know about at leas more countries and use it.
(IV)INDUSTRY ANALYSIS
Company planning has a radical charge since the turn of the century. Products are
designed for the middle and lower income people and today’s market place shifted
according to different income groups. The manufacturing and marketing operations
were divided in several closely held group companies,
(V) COMPETITORS
The company is creating a new in the market place and therefore faces competition
from a variety of companies. There are currently lots of head to head competitors.
The exiting competition can make more consumers focused. Before launching and
new product good knowledge about its competitors are very crucial. Because it
very necessary to know about competitors all the things like product quality, price ,
packaging, brand image of that product, marketing strategy that competitors are
using.
(VII)STRENGHTS:-
Strong brand equity is a rs.17 billion umbrella brand offering consumers a broad
portfolio of products at multiple price points in the soaps, Shampoo personal care
market.
(iii) It has very cheap price product like soaps and shampoo, so it has large number
of buyer and people are aware about this company so it is the strength of lux face
wash. And people easily accept his product.
i. Exports
ii. Acquisitions for strengthen its distribution tie- ups
iii. Entry into other categories like Detergent, toothpastes and fabric
whiteners.
THREATS:-
Marketers must pay close attention the trends and developments in these
environments and make timely adjustments to their marketing strategist.
Firstly I should start by dividing the market into segments. I identify and profile
distinct groups of buyers who might proper or require varying product a service
mixes by examine demographic, psychographics and behavior differences among
buyers.
I have to launce LUX FACE WASH a new product. For this I have to do lots
of things. Although Lux is well known brand new face wash market, so I will have
to do all the marketing strategy whatever being done for new product. Which can
be a combination of products, services information and experiences.
TARGET MARKET:
As we know Nirma is Targeting only lower and middle class people . In premium
class appearance is negligible. There are lots of product of face wash segment.
Pears 38
Himalya 45
Garnier 60
Everyouth 52
Joves 60
Lakme 65
They all are premium brand and well established in the market and they targeted
premium and middle class. Lux can also target premium class
It depends upon product quality. Brand image also matter what kind of perception
people have about Lux.
MARKETING MIX:
PRODUCT:
Face wash comes under FMCG product category. It is useful for all people.
PROMOTION:
Promotion of product is play vital role in selling a product.
It should be,
RESPONSIBILITY MANAGEMENT:
Place Distribution:
SUMMARY
Lux has to sale it is new product face wash throughout the country and also
target the new entry. For this Nirma has to set quarterly and yearly sales target
and actual sales will be compared to these quarterly plans
One major concern is that the current financial strategy of supporting we have
to new business by personal funds. Finally we have to utilize all marketing
plans.
So after using all the function of marketing we launch our product in market
and we also done the work after launching a product in maket.