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Creation of Product Brand Name and brand tag line. Explain why you chose both. Comprehensive Product description including composition/structure. Is the product a category or
Creation of Product Brand Name and brand tag line. Explain why you chose both.
- Comprehensive Product description including composition/structure.
- Is the product a category or line extension. Why?
- What insight led you to create this product and why do you think the product is a good fit to Unilever's portfolio? Provide data from web research
- Point of difference- Functional and Emotional benefits -Give reasons for your choice.
- Choice of Segmentation strategies: Geographic, Demographic, Psychographic, Behavioral
- Rationale for segmentation choice
- Target consumer profile (take a sample of your target market. Who is she/he?
- Positioning statement (Use the standard structure taught in class)
- Competitor comparison - 4p's ( for each competitor and your product- create a grid)
- Place (distribution) strategy
- Rationale (your reasons for the strategy)
- Pricing Strategy
- Rationale
- Promotion Strategies
- Promotional implementation plan (detailed plan by timeline -activity/media) - create a blocking chart.
- Rationale (why do you think your promotions plan is the best way to communicate and take your product to the target audience)
- Financial projections (financial, market share, sales/revenue etc) your new product. Show calculations.
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Product Name and Brand Tagline I propose the product name GlowPro and the brand tagline Unlock Your Radiance I chose these names because GlowPro is a combination of the words glow and professional con...Get Instant Access to Expert-Tailored Solutions
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