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BRAND STRATEGIES
SUBMITTED BY-
Archit GargGeet sawhneyMohit sharma
Sidharth Kumar
Ranganathan, the VP, Marketing,plans to launch e new product (i.e. an Anti-Infection SOAP) under the extension of the existing brand, “GLOW” (which is their flagship brand.
Glow – Beauty and complexion care
Ranganathan’s point- Manu’s point
•Demand gap in anti infection soap
Would hit the image of the parent brand
•So it’s a huge oppurtunity
•The sales may double over a period
Market not conducive to launch a new brand
No we do not agree with ranganathan’s decision to launch a new soap under the same brand.
This is because if one decides to leverage a brand name the core message should remain same as that of the parent brand
Here the core message is ‘Glow takes care of your beauty and complexion’
But the new soap being launched gives the message “ we fight infection’ which does not convey the same message as the parent
If at all they launch it they should target the sports women, who work in field or teenagers affected with acne and all and convey the message that new GLOW takes care of beauty and complexion by keeping germs away
MULTIBRANDING STRATEGY can help the company in establishing an entire different image for its brand and can help to extend the hold on the market by tageting new segments with the existing products.
Using Multi branding we can try to cater to a different segments of customers without losing the existing customers.
So here, the new brand can include a change in packing, the color, a resonating name with the image that the brand is trying to portray and also with the target customers
If at all they launch it they should target the sports women, who work in field or teenagers affected with acne and all and convey the message that new GLOW takes care of beauty and complexion by keeping germs away
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