Desertation by Jitendra Kumar
Desertation by Jitendra Kumar
Submitted in partial fulfilment of the requirements for the award of the degree of
Master of Business Administration
Department of Management,
Central University of Rajasthan,
Bandarsindri, Ajmer
By
JITENDRA KUMAR
Enrolment No.: 2022MBA011
Under the Supervision of
Dr. Ramulu Bhukya
[Asst. Professor, Central University of Rajasthan]
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DECLARATION
I hereby certify that the Dissertation Project I Marketing Max Strategies of various companies, submitted
in partial fulfilment for the award of Master of Business Administration at the Department of
work carried out by me. The matter embodied in this Dissertation Project I have not been submitted for
JITENDRA KUMAR
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ABSTRACT
Hindustan Unilever Limited (HUL), a leading consumer goods company in India, has consistently embraced
innovative and customer-centric marketing strategies to maintain its market dominance. The company's marketing
approach is characterized by a deep understanding of the Indian consumer, enabling the creation of products and
campaigns tailored to local preferences.
One of HUL's key strategies involves product diversification, continually introducing new and improved products
to meet evolving consumer demands. Their marketing team conducts extensive market research to identify
emerging trends and customer needs, ensuring their product offerings remain relevant and competitive.
HUL's marketing initiatives also encompass corporate social responsibility (CSR) efforts, which not only
contribute to social causes but also enhance the company's brand image. By engaging in initiatives related to
health, hygiene, and sustainable development, HUL establishes an emotional connection with consumers who
prioritize socially responsible brands.
Digital marketing and e-commerce play a crucial role in HUL's outreach efforts. The company invests in online
platforms and social media channels to connect with tech-savvy consumers, leveraging digital advertising, social
media campaigns, and influencer collaborations to enhance brand visibility and engagement.
Moreover, HUL emphasizes customer education and awareness through informative marketing campaigns. By
educating consumers about product usage, benefits, and safety measures, the company builds trust and loyalty
among its customer base.
In summary, HUL's marketing strategy revolves around continuous innovation, understanding local consumer
preferences, engaging in socially responsible initiatives, embracing digital platforms, and prioritizing customer
education. These efforts collectively contribute to HUL's strong brand presence and customer loyalty in the
competitive Indian consumer goods market.
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ACKNOWLEDGEMENT
I would like to sincerely thank everyone who contributed to the preparation of my dissertation on
managing mutual fund portfolios. First and foremost, I would want to express my sincere gratitude to
Dr. Ramulu Bhukya, the supervisor of my dissertation, whose steady direction, priceless insights, and
patient mentorship have been essential throughout my academic journey. I owe a debt of gratitude to the
academics and staff at Department of Management, Central University of Rajasthan, Bandarsindri, Ajmer
as well, whose assistance, inspiration, and scientific knowledge have improved my research experience. I
would want to express my gratitude to all of the study participants since this work would not have been
feasible without their cooperation and openness. Your unfailing faith in my talents and your consistent
support have given my family and friends strength and inspiration.
Last but not least, I dedicate my work to the innumerable people and organisations in the mutual fund
business, whose dedication to financial excellence motivates ongoing research and development. I want
to express my gratitude to you all for your unshakable belief in the quest of knowledge.
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TABLE OF CONTENT
1. Cover Page i
2. Deceleration ii
3. Abstract iii
4. Acknowledgement iv
5. Chapter – I: Introduction 1
CHAPTER - 1
INTRODUCTION
Multinational firms are essential in defining market dynamics, consumer behavior, and the health of the
economy in the dynamic world of global consumer products. Hindustan Unilever Limited (HUL), a
division of the Unilever corporation, is a dominant force in the Indian market. The history of HUL, which
spans more than 80 years across the Indian subcontinent, is an intriguing case study of the complex world
of marketing, strategy, and brand management.
Any marketing plan is built on the marketing mix, often known as the 4Ps (Product, Price, Place, and
Promotion). It helps businesses navigate the complexity of consumer marketplaces by acting as a
compass. This dissertation examines the marketing mix techniques used by HUL, analyzing how this
industry giant utilizes its broad
Research Objectives
The following research goals are the focus of this dissertation:
to evaluate how HUL's product lineup relates to market developments and consumer desires.
to assess the effects of HUL's pricing policies on market share and profitability.
to look at HUL's supply chain management and distribution network strategies for reaching
various customer groups in India.
examine the success of HUL's marketing and advertising initiatives in fostering and maintaining
brand loyalty.
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This dissertation will combine qualitative and quantitative research techniques, such as case studies,
surveys, and data analysis, to achieve these goals. Readers will have a detailed grasp of how Hindustan
Unilever Limited designs and implements its marketing mix by the conclusion of this exhaustive
research.
Scope of limitations
Hindustan Unilever Limited (HUL) is one of the largest consumer goods companies in India and has a
wide range of products under its umbrella. While it's challenging to provide specific limitations without
the most recent data (as of my last update in September 2021), I can outline some general limitations and
challenges that any marketing strategy or company, including HUL, might face:
Market Saturation: In some product categories, especially those where HUL is dominant, there might
be limited room for expansion due to market saturation. Finding new consumers in such markets can be
difficult.
Changing Consumer Preferences: Consumer preferences are constantly evolving, and keeping up with
these changes and adapting products and marketing strategies accordingly is a challenge. What was
popular yesterday might not be popular tomorrow.
Competition: HUL faces competition from both domestic and international companies. Staying ahead of
competitors requires continuous innovation and strategic marketing efforts.
Regulatory Challenges: Regulations related to product standards, advertising, and labeling can change.
Adhering to these regulations while staying innovative and competitive can be a challenge.
Economic Factors: Economic fluctuations, inflation, and changes in consumer spending patterns can
significantly impact consumer goods companies.
Supply Chain Issues: Disruptions in the supply chain, such as those caused by natural disasters or global
events (like the COVID-19 pandemic), can affect the production and distribution of products.
Environmental and Social Responsibility: There is an increasing emphasis on environmental
sustainability and corporate social responsibility. Meeting these expectations while maintaining
profitability can be a challenge.
Technological Changes: The rapid pace of technological advancements can both be an opportunity and a
challenge. Embracing new technologies for marketing while ensuring that the target audience adopts
them can be tricky.
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CHAPTER – 2
LITERATURE REVIEW
Parasuraman, Berry and Zeithaml (1990), Analyze the subject of "Current Status of the 4P's
Marketing Mix Framework as the Prevalent Marketing Management". The author of this report paints a
realistic picture of the current state of the long-running controversy about the benefits of the 4Ps
marketing mix for both current and future marketing management. The study finds that the new ideas
should effectively address the changing marketing realities.
Dr. Sukhmani D. (2011), Role of Promotion Mix in Influencing Rural Consumers, International Journal
of Business & Information Technology, Volume 1, No 1, June, 110–118, came to the conclusion that
changes in lifestyle, rising incomes, and an emphasis on value are driving up growth for various product
categories in rural areas. The F.M.C.G. groups also seem to benefit from indications of more disposable
income and a discernible shift in consumption priorities in the rural sector. However, in order to succeed,
businesses must create business plans and marketing mix strategies that take into account this altered
environment in India's rural marketplaces.
Kulkarni, Dr. Hundal B., (2011), Promotional Mix's Impact on Rural Consumers In spite of all the
challenges, the rural market in India is highly exciting and demanding, according to the author of the
study published in International Journal of Business and Information Technology, Vol. 1 No. 1 June 2011,
pp. 110–118. The potential is vast.
Despite these marketplaces' flaws, they also present enormous potential that should be taken advantage of
by marketers. The axiom "Markets are created and not born" is well recognized. It is important to
properly tap into the new market.
Khoo Khay Hooi (2012), conducted their research under the heading "Customer loyalty, satisfaction and
marketing mix: Empirical evidence from Infant formula Industry." The major goal of the author's
research was to ascertain the relationship between the marketing mix, customer happiness, and customer
loyalty. The reliability analysis, multiple regression analysis, and Pearson correlation statistical methods
are used in this work.
The study's final finding was that customer loyalty was positively connected with the components of the
businesses' marketing mix and customer happiness.
Wang Aimin and Sumayya Begum (2012), Investigating the Impact of Marketing Mix Elements on
Tourist Satisfaction was studied. This study's primary goal is to investigate how the marketing mix
components affect visitor satisfaction using statistical methods like correlation and regression. The study
also shows that six of the seven components of the marketing mix—product, price, place, promotion,
people, process, and physical evidence—have a favorable relationship with visitor satisfaction, but the
price set by authorities is unsatisfactory to tourists.
Shukla Priteshkumar Y. In his study, "An Empirical Study of Selected Consumers on Rural Marketing
Strategies of Selected Products of Hindustan Unilever Limited (H.U.L.) in Gujarat," the author looks at
the Rural Marketing Strategies of Selected H.U.L. Products and its impact on the purchasing patterns of
the Selected Rural Respondents from the Rural Market in Gujarat State. He also looks at the factors that
increase competition among FMCG manufacturers for entry into the rural market.
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DOCOMO INC. It supports 2G voice, CAMEL Phase II & III and GPRS/EDGE service with high speed
internet connectivity. Its GSM service is based on a robust network architecture and cutting edge
technology such as Intelligent Network (IN), which provides peace-of-mind solutions in terms of voice
clarity, extensive nationwide network coverage and multiple global partners for international roaming. It
has the widest International
The Main Elements of Marketing Mix
The MM has many elements, these elements can be specified according to the main goal of the
organization, the main elements of MM refer to the 4 ‘P’s (product, price, place or distribution, and
promotion), these MM may strengthen the customer satisfaction's level (Raewf & Thabit, 2015).
Product
Product refers to the goods and services presented by the organization. So, in few words, the product can
be known as a pack of advantages which a marketer presents to the customer for a price. The product can
also take the shape of a service like a train travel, communication, etc. Thus, the product is the main
element of any MM (Singh, 2012).
Price
The second most significant element in the MM is the price. It can be known as the value charged for any
product or service (Borden & Marshall, 1959). Fixing the product's price is a difficult job. The marketers
have to know that while fixing the price, so many factors like the need of a product, cost involved,
consumer’s ability to pay, government restrictions, prices charged by competitors for comparable
products, etc. can control this process. In fact, pricing is a very critical decision zone as it has its impact
on the need for the product and also on the profitability of the organization (Singh, 2012).
Place
Goods are produced to be sold to customers; they have to be made ready to the customers at a suitable
place where they can handily make deal. So, it is important that the product is ready at markets in the
city. This includes a chain of persons and organizations like distributors, wholesalers and retailers who
shape the distributing network of the organization (the channel of distribution). The organization must
choose whether to sell directly to the persons or through the distributors. It can even plan to sell it directly
to customers (Burnett, 2008). The four variables of MM are interconnected. By increasing the product's
price, the product demand will be decreased and lesser distribution points will be desired (Singh, 2012).
Finally, the overall MM can result in dynamic modelling based on customer feedback for improving a
product and the same can be launched as the upgraded product, in addition to enhance the quality of
marketing accountability (QMA) (Thabit & Younus, 2015).
Promotion
Promotion is one of the strongest elements in the MM. Sales promotion actions are publicity, public
relations, fair and demonstrations etc. (Culliton, 1948). It is marketing manager who decides the level of
marketing expenses on promotion. Promotional actions are mainly meant to complement personal selling,
advertising and publicity (Burnett, 2008). Promotion helps the trader and sales force to show the product
to the customers in an effective manner and encourage them to purchase. Promotion depends on many
mixtures of its components which are used to realize the organization's marketing objectives. Advertising
is a strong element of promotion mix (Singh, 2012). The main purpose of the advertising is to make and
evolve the image of a product in the market zone. It is one of the significant tools of competition which
saves the dynamism of industry. Promotion mix determines the positioning of the product in the target
market. It should be considered as an expense and hence added to the cost of a product (Borden &
Marshall, 1959). Figure 1 illustrates the main elements of MM and their relationship with the customer.
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CHAPTER – 3
RESEARCH METHODOLOGY
Research design: In order to analyze Hindustan Unilever Ltd's (HUL) marketing mix, a research
design must be developed that includes a methodical strategy for gathering and examining data on the
company's product, price, place, and promotion tactics. A step-by-step manual for creating research
provided below: project is
1. Specify the goals of the research:
Your research's goals should be stated in clear terms. What specific elements of HUL's marketing
strategy are you interested in studying? Are you curious about, for instance, how HUL determines
the prices for its goods, how it advertises them, or how it distributes them?
2. Examine Current Literature: To learn more about the marketing mix methods used by HUL, conduct
literature research. This will enable you to detect knowledge gaps and hone your research queries.
3. Select a research strategy:
Select the research strategy you'll employ. Surveys, interviews, content analysis, and
observational research are typical approaches for analyzing the marketing mix.
To collect thorough data, think about combining quantitative and qualitative research techniques.
4. Sampling Methodology
Choose your sample or target demographic. Depending on the product lines or areas, HUL's
marketing mix may differ, therefore make sure your sample is representative.
Depending on your study objectives, you can employ random sample, stratified sampling, or
purposeful sampling.
5. Data Gathering:
Collect data through surveys, interviews, content analysis, or observations depending on your
study technique.
assemble information on product characteristics, price plans, means of distribution, and marketing
initiatives. Data from both primary and secondary sources may be needed to be gathered.
6. Data Evaluation:
Utilize the proper statistical or qualitative analytic methods to analyze the acquired data.
Use statistical programs like SPSS or Excel to do descriptive and inferential analysis on
quantitative data.
To find patterns and themes in qualitative data, utilize thematic analysis or content analysis.
7. Analysis and Conclusions:
Based on your research goals, interpret your analysis's findings and develop conclusions.
Find any patterns, conclusions, or implications that have an impact on HUL's marketing mix
plans.
Eight.
8. Recommendations
Give HUL suggestions for how to enhance or change its marketing mix strategy in light of your
results.
Make sure your suggestions are implementable and backed up by the facts.
9. Writing a Report:
An introduction, literature review, methods, findings, suggestions, and a conclusion should all be
included in your thorough research report.
To clearly demonstrate your findings, use charts and graphs.
CHAPTER – 4
MARKETING MAX
Product (First P)
Detailed analysis of hul product offerings
Hindustan Unilever Limited (HUL) is one of India's largest and most prominent fast-moving consumer
goods (FMCG) companies. HUL offers a wide range of products across various categories, catering to the
diverse needs of Indian consumers. Here is a detailed analysis of HUL's product offerings:
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Research and Development: HUL invests significantly in research and development to innovate and
improve its product offerings continually.
HUL's diverse product portfolio allows it to reach a broad consumer base, from personal care and home
care to food and beverages. The company's strong brand presence, innovation, and commitment to quality
have made it a market leader in many product categories in India and beyond. Additionally, HUL's
initiatives in sustainability and corporate social responsibility contribute to its positive brand image and
market positioning.
Price (second p)
Pricing strategic and approaches used of (HUL)
Hindustan Unilever Limited (HUL) is one of India's largest and most well-known consumer goods
companies. Pricing strategy plays a crucial role in its marketing and business operations. HUL uses
various pricing strategies and approaches to maintain its competitive edge and meet the diverse needs of
its customer base. Some of the key pricing strategies and approaches used by HUL include:
Market-Oriented Pricing: HUL closely monitors market conditions and adjusts its prices accordingly. It
considers factors such as customer demand, competitor pricing, and economic conditions to set
competitive prices for its products.
Penetration Pricing: HUL often adopts penetration pricing for new product launches. This involves
setting lower initial prices to gain market share rapidly. Once a significant customer base is established,
prices may be adjusted upward.
Value-Based Pricing: HUL emphasizes the perceived value of its products to consumers. It assesses how
much customers are willing to pay based on the benefits and features offered by its products. Premium
products may be priced higher, while basic products may be priced more affordably.
Skimming Pricing: For certain premium products or exclusive lines, HUL may use skimming pricing.
This involves setting higher initial prices to capture the most profit from early adopters and then
gradually reducing prices as the product becomes more mainstream.
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Bundle Pricing: HUL offers product bundles or package deals, where consumers can purchase multiple
related products at a lower combined price than if they were purchased separately. This encourages
consumers to buy more HUL products.
Dynamic Pricing: HUL may adjust prices dynamically based on real-time data, such as demand
fluctuations, supply constraints, or seasonal variations. Online channels and e-commerce platforms allow
for more flexibility in implementing dynamic pricing strategies.
Promotional Pricing: HUL frequently uses promotions and discounts to stimulate sales. This can
include limited-time offers, buy-one-get-one-free deals, and discounts for bulk purchases. These
promotions are often used in conjunction with seasonal or festive events.
Geographic Pricing: Considering the vast and diverse market in India, HUL may vary prices based on
geographic location and local market conditions. Prices may be adjusted to account for transportation
costs and regional demand variations.
Cost-Plus Pricing: While HUL is primarily focused on customer value and market conditions, it also
takes into account its production and distribution costs. Cost-plus pricing ensures that the company
covers its expenses and generates a reasonable profit margin.
Competitive Pricing: HUL closely monitors its competitors' pricing strategies and aims to remain
competitive within the industry. It may adjust prices to match or beat the prices of similar products from
rival companies.
Ethical Pricing: In some cases, HUL may adopt ethical pricing to support social causes or promote
sustainability. This can involve fair pricing for products related to environmental sustainability or
initiatives to support local communities.
HUL's pricing strategies can vary across its extensive portfolio of brands and products, ranging from
personal care and home care to food and beverages. The company continually assesses market dynamics
and consumer preferences to adapt its pricing strategies to the changing business environment and
consumer expectations.
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Dynamic Pricing: HUL may use data and analytics to adjust prices in real-time based on demand,
competition, and other market factors. This strategy is more common in the e-commerce space.
Brand Pricing: HUL has a portfolio of well-established brands with varying brand equity. Premium
brands can command higher prices due to their reputation and perceived quality, while lower-tier brands
may be priced more competitively.
Customized Pricing: In B2B segments or for bulk buyers, HUL may offer customized pricing based on
the volume of purchase, long-term contracts, or specific customer needs.
Sustainable Pricing: In response to increasing consumer demand for sustainable and eco-friendly
products, HUL may differentiate pricing for products with environmentally friendly features, reinforcing
their commitment to sustainability.
PLACE (Third)
distribution channels and strategies of (HUL)
Hindustan Unilever Limited (HUL) is one of India's largest fast-moving consumer goods (FMCG)
companies, and it employs various distribution channels and strategies to reach its customers effectively.
Keep in mind that the company's distribution channels and strategies may evolve over time, so it's
essential to verify the most up-to-date information from HUL or official sources.
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However, as of my last knowledge update in September 2021, here are some of the key distribution
channels and strategies used by HUL:
Retail Distribution: HUL distributes its products through a vast network of traditional retail stores,
including neighborhood kirana stores, supermarkets, hypermarkets, and convenience stores. These outlets
play a crucial role in reaching urban and rural consumers across India.
E-commerce: HUL has recognized the growing importance of e-commerce in India. The company has a
presence on various e-commerce platforms such as Amazon, Flipkart, and its website. E-commerce
allows HUL to reach a wider audience and offer the convenience of online shopping.
Direct Sales: HUL has its direct sales force that reaches out to institutions, offices, and other bulk
consumers. This approach is particularly useful for selling products in bulk or specialized items.
Wholesale Distribution: HUL works with wholesalers who buy products in bulk and distribute them to
smaller retailers. This is a common distribution strategy used in the FMCG industry to ensure products
are readily available in local markets.
Rural Distribution: Given India's diverse and often challenging rural landscape, HUL has developed a
unique distribution strategy to reach remote areas. This includes working with rural distributors and
leveraging local infrastructure for distribution.
Brand-Specific Stores: For some of its premium brands, HUL may operate brand-specific stores or
boutiques to provide a unique shopping experience and build brand loyalty.
Brand Promotion: HUL invests heavily in marketing and advertising to promote its products. They use
a mix of television, print, digital, and social media advertising to create brand awareness and drive
demand.
Product Innovation: HUL constantly introduces new products and variants to cater to changing
consumer preferences. This innovation helps maintain consumer interest and loyalty.
Sustainability Initiatives: In recent years, HUL has also focused on sustainability and eco-friendly
products. This can be a unique selling point and a part of their distribution strategy to target
environmentally-conscious consumers.
Partnerships and Acquisitions: HUL may enter into partnerships or acquire companies to expand its
product portfolio and distribution capabilities. For example, they acquired GSK Consumer Healthcare's
nutrition business in India in 2019.
manages an extensive and complex supply chain to ensure the availability of its products across the
country. Here's an overview of HUL's supply chain management:
Procurement: HUL procures raw materials, ingredients, and packaging materials from a network of
suppliers, both local and international. These materials are essential for manufacturing their wide range of
products, which include personal care, home care, and food and beverages.
Manufacturing: HUL operates a network of manufacturing facilities across India. These facilities
produce various product categories. The manufacturing process involves quality control to ensure
consistency and safety.
Distribution Centers: HUL has a network of distribution centers strategically located across the country.
These centers serve as hubs for storing finished products before they are shipped to retailers and
wholesalers.
Transportation: HUL relies on a robust transportation network to move products from manufacturing
facilities to distribution centers and from there to retailers. The transportation mode varies depending on
the product and its destination, with a combination of road, rail, and sometimes sea transport.
Inventory Management: Effective inventory management is critical in the fast-moving consumer goods
(FMCG) industry. HUL employs advanced forecasting techniques to optimize its inventory levels,
reducing carrying costs while ensuring product availability.
Retailer Partnerships: HUL works closely with a vast network of retailers, including small kirana
stores, supermarkets, and online platforms. These partnerships ensure that HUL products are readily
available to consumers.
Technology: HUL invests in technology and data analytics to improve supply chain efficiency. This
includes tools for demand forecasting, route optimization, and inventory management.
Sustainability: HUL places a strong emphasis on sustainability in its supply chain. This includes
reducing carbon emissions in transportation, promoting sustainable sourcing of raw materials, and
minimizing waste through responsible packaging.
Quality Control: Stringent quality control measures are in place at every stage of the supply chain to
ensure that products meet the highest quality standards.
Collaboration: HUL collaborates with its suppliers, distributors, and other partners in the supply chain to
streamline operations, reduce costs, and respond to market changes quickly.
Customer Focus: Customer demand drives HUL's supply chain. The company continuously monitors
consumer preferences and market trends to adjust its production and distribution strategies accordingly.
Regulatory Compliance: HUL adheres to all relevant regulations and standards in its supply chain
operations, ensuring product safety and compliance with environmental and social responsibilities
Promotion (Fourth P)
Advertising and promotional campaigns of (HUL)
Hindustan Unilever Limited (HUL) is one of India's largest consumer goods companies, and it has a
wide range of products under various brand names. Over the years, HUL has run numerous advertising
and promotional campaigns to promote its products. Here are some notable examples:
Surf Excel - "Daag Achhe Hain" Campaign: Surf Excel, a detergent brand from HUL, has been known
for its heartwarming and socially relevant advertisements.
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