olay 1111

Upload: shams-s

Post on 14-Apr-2018

217 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/29/2019 Olay 1111

    1/59

    Procter & Gamble, Olay 2011 - 2012

    Page 1 of 59

    Introduction

  • 7/29/2019 Olay 1111

    2/59

    Procter & Gamble, Olay 2011 - 2012

    Page 2 of 59

    INTRODUCTION

    The anti-aging market is one of the largest in the world. The majority of

    the people want to find a way to fight aging that is why there is such a high

    demand for products which hide or fight the signs of aging. It is a great thingthat there are so many anti-aging products available.

    There have been many options for controlling on wrinkles like Plastic

    surgery, Botox etc. but plastic surgery could not get success because of its

    complexity and high cost and remained in the reach of film stars and high

    profile people. Same the case is with Botox but it was not complex and it is

    relatively economical. But Botox has its own side effects. Botox addresses only

    one aspect of facial rejuvenationmotion wrinkles.

    Anti-aging creams are now being used by people under 30 for wrinkle

    prevention because of growing consumer awareness of anti-aging solutions.

    From time-release, to heat activation, to nano sphere bursts, to film technology,

    specialty actives and delivery systems are helping drive the fast-growing

    cosmeceutical market, at US$2.5 billion in the U.S. alone. Anti-aging skin care

    products are growing 11% annually from 2008. The slow release into the skin

    sustains the benefits of the active, meaning better, longer-lasting products.

    With skin care accounting for 59% of the cosmeceuticals market, new actives

    for skin care have plenty of room to grow. Consumers are returning to the

    notion that natural is healthier, and the natural, holistic approach to personal

    care has regenerated itself in the form of organic preservatives.

    Targeting the high growth Indian beauty market, Mary Kay expects 50%

    of its business to be generated by its skin care range and the rest by its color

    cosmetics and body care offerings. "We anticipate generating the same success

    in India that we have seen in other Asia-Pacific markets," said K.K. Chua,

    president, Mary Kay Asia-Pacific. Products have been priced to attract both

  • 7/29/2019 Olay 1111

    3/59

    Procter & Gamble, Olay 2011 - 2012

    Page 3 of 59

    mass to mid-range consumers. "We want to make this brand available to all

    working women looking for good skin and makeup. We have kept the pricing

    affordable so that the maximum number of women can buy them," said Hina

    Nagarajan, country manager, Mary Kay India. The market has matured, and

    Indian women are ready to spend on looking good and feeling good." A survey

    at the Dubai and Heathrow airport retail outlets showed that Clinique was the

    most purchased skin care product among returning Indians. Speaking on While

    the market for direct selling beauty companies hasn't been very strong in the

    country, despite Oriflamme's and Avon's steady business, Mary Kay is

    confident to bring a paradigm shift with its new selling strategy and approach.

    The company plans to create a pull in the market rather than push, and itsconsultants are being trained to act as beauty advisors rather than just

    salespersons. In fact, the company created a much focused product portfolio that

    answered beauty needs specific to Indian women, launching its Botanical

    Customized Skin Care Collection in India.

  • 7/29/2019 Olay 1111

    4/59

    Procter & Gamble, Olay 2011 - 2012

    Page 4 of 59

    CHAPTER 1

    Company Profile

  • 7/29/2019 Olay 1111

    5/59

    Procter & Gamble, Olay 2011 - 2012

    Page 5 of 59

    Company Profile

    Company Information: P & G

    History:

    Procter & Gamble (P&G) was set up by William Procter and James

    Gamble in April 1837 to manufacture soap and candles in the U.S. Today it is a

    $56 billion personal care and health and wellness company, manufacturing a

    broad range of products and employing 138,000 people all over the world.

    P&Gs products are sold in 140 countries

    Procter & Gambles relationship with India dates back to when VicksProduct Inc. India, a branch of Vicks Product Inc. USA established in 1951, was

    engaged in the manufacturer (Under loan license) and sale of what is today

    Indias Number One Health Care brand the famous range of VICKS products.

    In 1964, a public limited company Richardson Hindustan Limited (RHL) was

    formed which obtained an industrial license to undertake manufacture of

    Menthol and de mentholised peppermint oil ad VICKS range of products such

    as Vicks VapoRub, Vicks Cough Drops and Vicks inhaler. In May 1967, RHL

    introduced Clearasil, then Americas number one pimple cream in Indian

    Market. In 1979, RHL launches Vicks action 500 and in 1984 it setup an

    Ayurvedic Research Laboratory to address the common ailments of the people

    such as cough and cold. In October 1985, RHL became an affiliated of the

    Procter & Gamble Company, USA and its name was changed to Procter and

    Gamble India.

    Presently Procter and Gamble has two subsidiaries in India P& G

    Hygiene and Health Care Ltd. and P&G Home Products Ltd. While P&G Home

    Products limited changed the name of the Company to Procter and Gamble

    Hygiene and Health Care Limited in 1999.

  • 7/29/2019 Olay 1111

    6/59

    Procter & Gamble, Olay 2011 - 2012

    Page 6 of 59

    Brand Portfolio:

    Procter & Gamble Hygiene and Health Care Limited.

    Health Care

    Vicks VapoRub: The first product to be launched under the Vicks brandname in 1951.

    Vicks inhaler: It was also launched in 1951 and created the inhalermarket in India.

    Vicks Formula44: Vicks Formula 44 Cough Syrup was launched inIndia in October 2003.

    Vicks Cough Drops: Menthol based lozenges launched in 1966. Vicks Action 500+: These capsules (capsules shaped tablet) were

    launched in 1978 and re launched in August 2000 in an attractive blue

    pack from the traditional green pack. A variant in the form of Vicks

    action 500+ night tablets was launched in July 2002 to be taken

    especially before sleepoing.

    Feminine Care:

    Whisper: in 1989, Procter & Gamble India (after changed in name fromRHL) launched Whisper the break through sanitary napkin which will

    revolutionize the Indian feminine hygiene category. Since then various

    variants of Whisper have been introduced to tap the different segments

    especially introducing low cost variants to increase penetration in the

    Indian market.

  • 7/29/2019 Olay 1111

    7/59

    Procter & Gamble, Olay 2011 - 2012

    Page 7 of 59

    Procter & Gamble Home Products Limited.

    Fabric Care

    The detergent business was originally a part of P&G India Ltd. But in 1993 it

    was divested to P&G Home Products Ltd.

    Ariel: was launched in 1991 by P&G India Ltd. And was later divested toP&G Home Product Ltd. In 1993 along with the rest of the detergent

    business. Over the years the brand has enjoyed endorsement from

    celebrities such as actress and social worker Shabana Azmi, Begum of

    Pataudi, successful actress and homemaker of the Pataudi family

    Sharmila Tagore, TVs most popular saas-bahu duo Smriti Iraani and

    Apara Mehta. Presently it is available in three variants including one

    specially marketed for front loading washing machines.

    Tide: in 2000, Procter & Gamble Home Products Ltd introduced TideDetergent Powder the largest selling detergent in the world. Its

    available in both detergent and bar form. Positioned as a brand in

    between the concentrate brands like Ariel and other brands like surf, it

    has captured around 2% of the market share (as compared to 4% of surf).

    Recently Tide has seen a huge price cut to bring its prices closer to Surf.

    Hair Care

    Pantene Pro V:This brand was launched in Inida in June 2000 and itspresently available in five different variants according to different hairtypes.

    Head & Shoulders: Launched in 1997 as an anti dandruff shampoo,presently it comes in many different variants. In June 2007, P&G

    launched H&S intensive solutions for extreme cases of dandruff. It is

    priced at Rs 159 & 220 ml and Rs 59 for 70 ml.

  • 7/29/2019 Olay 1111

    8/59

    Procter & Gamble, Olay 2011 - 2012

    Page 8 of 59

    Rejoice: Launched in January 2004, Rejoice was launched to tap theprice conscious Indian consumer and is presently available in three

    different variants.

    Baby Care:

    Pampers: in June 2003, Procter & Gamble Home Products Limitedlaunched Pampers worlds number one selling diaper brand with sales

    of US$ 6 billion annually.

    Licensed brands:

    Old Spice: Part of the P&G portfolio, its license was sold to Menezes Cosmetics

    Pvt. Ltd. On 1 December 2002 for a period of 10 years. Prior to this, P&G had a

    distribution agreement with Marico industries for Old Spice Products.

    Recent Launches:

    In july 2007, P&G launched Olay in India. Earlier Olay was available as

    a imported product, but now P&G deirectly markets this brand. Sushmita Sen

    has been chosen the brand ambassador and the brand is positioned in the

    premium segemtn in the skin care sector. An Olay total effect is an anti aging

    cream launched on 23rd

    July 2007.

    Social Responsibility:

    P&G has a global initiative to support children in need the world over. As

    part of that initiative P&G has had a series of initiatives in India to help in theeducation of undeerprivileged children. In 2007, in collaboration with CRY and

    SONY, P&G launched its shiksha project for the third year running wherein

    every large pack of Tide, Pantene, Head & Shoulders, Rejoice, Vicks.

    VapoRub, Whisper, Gillete March 3 Turbo, Gillete Series, Oral B or Pampers

    purchased during April, May and June 2007, would support of underprivilaged

    children.

  • 7/29/2019 Olay 1111

    9/59

    Procter & Gamble, Olay 2011 - 2012

    Page 9 of 59

    In the past P&G has had a scholarship scheme as part of Shiksha, as well

    as helping in reconstruction during the Bhuj earthquake.

    P&G to sell global pharma biz for $3.1 bn

    American consumer products major Procter & Gamble Company will beselling its global pharmaceuticals business to Ireland-based pharma entity

    Warner Chilcott Plc for about USD 3.1 billion. The transaction is expected to be

    completed by the end of this year, subject to regulatory approvals.

    Both companies in a statement said they have entered into an agreement

    for the proposed acquisition, for an up-front cash payment of USD 3.1 billion.

    As part of the agreement, Warner Chilcott would acquire P&Gs portfolio of

    branded pharmaceuticals products, including Asacol HD (masalamine)

    Delayed-Release Tablets for ulcerative colitis and Anthonel (risedronate

    sodium) for osteoporosis.

    The Irish firm would also buy P&Gs prescription drug product pipeline

    and manufacturing facilities in Pureto Rico and Germany. Most of the 2.300

    employees working on P&Gs pharmaceuticals business are expected to move

    to the Irish firm.

    The acquisition transforms Warner Chilcott into a global pharmaceutical

    company, expands our presence in womens healthcare, establishes us in the

    urology market in advance of the anticipated launch of our erectile dysfunction

    treatments, and adds gastroenterology therapies to our product portfolio,

    Warner chilclotts president and CEO Roger Boissonneault said. The sale of

    pharmaceuticals business for USD billion would result in a one-time earnings

    increase for P&G of about USD billion after-tax.

  • 7/29/2019 Olay 1111

    10/59

    Procter & Gamble, Olay 2011 - 2012

    Page 10 of 59

    FMCG sector outlook*

    The FMGC industry is a low-margin business. Volumes hold the key to

    success in this industry. That is why the industry players but so much emphasis

    on marketing and distribution. Brands are the key determinants of success in the

    market. However, the unorganized segment that continued to play spoilsport

    and has benefited mainly de to their strategy of low price, high volumes. To

    add to the organized players, the unorganized players have benefited without

    spending even single penny on advertising and brand building.

    The urban market has begun showing signs of saturation and the future

    growth in this sector is set to be driven by the rural consumer.12.2% of the

    worlds population lives in Indias villages which means the Indian rural FMCG

    market cannot be ignored. Although presently rural penetration is pretty low,

    the demand ofr branded consumer goods is expected to rise rapidly in the rural

    market. For instance, for toilet soap, the average expenditure per user household

    for low-income households is Rs.237, while it has increased to Rs.706 for high-

    income groups. Rural market at staggering 122 million, five times the urban

    market, is hard to ignore for anyone especially with the rising income levels in

    the villages.

    The key factors that are expected to trigger future growth for the FMCG

    industry include reduction in excise duties, relaxation of licensing restrictions

    and reduced dominance of unorganized sector due to creation of level playing

    field.

    *These are approximate figures as different sources give different numbers.

    They should be used only to get an idea about the sector and not as exact values.

  • 7/29/2019 Olay 1111

    11/59

    Procter & Gamble, Olay 2011 - 2012

    Page 11 of 59

    Purpose of P&G:

    We will provide branded products and services of superior quality and

    value that improve the lives of the world's consumers. As a result, consumers

    will reward us with leadership sales, profit, and value creation, allowing our

    people, our shareholders, and the communities in which we live and work to

    prosper.

    Values of P&G:

    P&G is its people and the values by which we live. We attract and recruit

    the finest people in the world. We build our organization from within,

    promoting and rewarding people without regard to any difference unrelated toperformance. We act on the conviction that the men and women of Procter &

    Gamble will always be our most important asset.

    Principals of P&G:

    We Show Respect for All Individuals The Interests of the Company and the Individual Are Inseparable We Are Strategically Focused in Our Work We Value Personal Mastery We Seek to Be the Best Innovation Is the Cornerstone of Our Success Mutual Interdependency Is a Way of Life We Are Externally Focused

  • 7/29/2019 Olay 1111

    12/59

    Procter & Gamble, Olay 2011 - 2012

    Page 12 of 59

    CHAPTER 2

    PRODUCT PROFILE

  • 7/29/2019 Olay 1111

    13/59

    Procter & Gamble, Olay 2011 - 2012

    Page 13 of 59

    PRODUCT PROFILE

    History of Olay

    Olay is a product truly born from love, as it was

    created by a man as a gift for his wife. In the 1950s,

    chemist Graham Wulff saw his wife Dinahs

    frustration with the thick, waxy beauty creams that

    came in shoe-polish tins. They left her skin looking

    greasy, and they certainly didnt fit with her feminine

    sensibility. Graham wanted to create a new beauty

    product for herone that could not only moisturize her skin, but also leave her

    feeling beautiful and feminine.

    Together, Graham and Dinah fine-tuned everything from absorption

    and texture to the delicate pink shade and instantly recognizable fragrance.

    At last, the legendary Oil of Olay Beauty Fluid was born.

    Within five years, Olay was enjoying phenomenal success in South

    Africa, and in 1959 expanded into England, the United States, the Netherlands,Canada and Germany. Needless to say, the Olay business flourished.

    Eventually, Olay was sold to Richardson Merrill, which later became

    Richardson-Vicks. In 1985, Procter & Gamble bought Richardson-Vicks and

    gained the Olay brand.

    In 2000, Procter & Gamble decided to shorten the brand name to Olay.

    The formula had evolved over the years, and the original name no longer fit

    with what women have come to expect from Olaya light, greaseless formula

    that absorbs quickly into the skin.

    Today, Olay is one of the most recognizable brands in the world. Yet

    through all the changes and innovations, the philosophy upheld by Graham

    Wulff remains just as relevant as ever: Help women look and feel beautiful.

    Thats a potent formula for success.

  • 7/29/2019 Olay 1111

    14/59

    Procter & Gamble, Olay 2011 - 2012

    Page 14 of 59

    Olay Total Effects' Vita Niacin Technology helps Indian women fight the seven

    signs of ageing . It is a breakthrough anti-ageing moisturizer

    Olay Total Effects Anti Ageing Cream Claims

    Total Effects fights 7 signs of ageing (fine lines and

    wrinkles, rough texture, uneven skin tone, dullness,

    prominent pores, age spots and dryness) by:

    1. Minimizing the appearance of fine lines andwrinkles

    2. Smoothing skins texture with gentleexfoliation

    3. Balancing colour and tone while reducing theappearance of age spots

    4. Fighting dullness for healthy-looking radiance5. Refining to minimize pore appearance6. Moisturizing to nourish dry skin and to help firm and subtly lift its

    appearance

    7. Protecting skins surface with antioxidantsThe Vitamin Breakthrough VitaNiacin One Product to fight the 7

    Signs of Skin Ageing

    A key milestone while delivering one of the biggest skin care needs of

    women around the world - an anti-ageing product that helps combat the 7 signs

    of ageing - was the creation ofOlay Total Effects with VitaNiacin formulation -

    an exclusive moisturizing combination of three key components - niacinamide

    (Vitamin B3), Vitamin E and Pro-Vitamin B5 (panthenol).

  • 7/29/2019 Olay 1111

    15/59

    Procter & Gamble, Olay 2011 - 2012

    Page 15 of 59

    Each of the above ingredients works effectively to fight the signs of ageing as

    follows;

    Vitamin E is a powerful anti-oxidant thathelps replace lost moisture inthe skin caused by ageing and damage due to the environment, thereby

    leaving the skin feeling soft and smooth.

    Pro-Vitamin B5 (panthenol) is a humectant that counteracts the drynessthat often occurs in ageing skin, thereby leaving skin well-conditioned.

    Niacinamide (Vitamin B3), is a water soluble vitamin that has a positiveimpact on skins connective tissue and gel matrix which are of particular

    significance in aged & photo-damaged skin.

    According to Dr. Colin DSilva, Principal Scientist, P&G Beauty,

    Niacinamide in combination with Vitamin E and Pro-Vitamin B5, when

    applied topically to the skin, enhances skin moisturization and increases the rate

    of exfoliation andbarrier repair.

    As most know, Unprotected Sun Exposure accelerates skin ageing. Olay

    Total Effects also contains sunscreen protection of SPF 15 value which protects

    against harmful UVA/UVB rays from the sun.The Indian PerspectiveClinical study

    Similar to the international clinical study, in India too, an independent

    clinical study was conducted over 200 Indian women aged between 30-60 years

    across a 10-week treatment period. A Panel of leading Indian Dermatologists

    analysed the clinical data on the effects of a VitaNiacin moisturizer on Indian

    skin. The study compared skin of women using a moisturizer with VitaNiacinversus those using an ordinary moisturizer. Post a discussion on global & Indian

    data, they supported the fact that:

    (i) VitaNiacincontaining moisturiser can fight the 7 signs of skin ageing, asidentified by over 6,000 women worldwide;

    (ii) Efficacy of VitaNiacin has been optimized with the adjunctive use ofadequate sun protection of SPF 15 value; and

  • 7/29/2019 Olay 1111

    16/59

    Procter & Gamble, Olay 2011 - 2012

    Page 16 of 59

    (iii) Suitability, acceptability and efficacy of the product offer a solution for

    Indian women looking to address the 7 signs of skin ageing.

    Recommended Olay Total Ef fectsRegimen for best results:

    Its best to ensure you cleanse your skin well before using Olay Total

    Effects moisturizer. Apply it twice a day on your face and neck, during morning

    & night before going to bed. If you have dry skin, you may wish to apply the

    product a third time, at mid-day. It is best to apply the UV Variant in the day to

    protect yourself from the harmful sun rays, and apply the Non-UV Variant at

    night to effectively allow the VitaNiacin technology to work.

    Get your Olay Total E ff ectstoday!

    Olay Total Effects, is a unique anti-ageing moisturizer that comes in a

    convenient, easy-to-squeeze pump jar, perfectly sized for every womans

    handbag, and is available in two variants - Normal (UV and Non-UV), and

    Gentle (UV and Non-UV); with a light, fresh scent, or fragrance-free. All Olay

    Total Effects moisturizers are priced at Rs. 599/- for a 50gm pump jar that if

    used once at morning and night, lasts a month. So grab your bottle ofOlay Total

    Effects from a beauty counter at leading malls, modern retail stores, and select

    chemists, and visibly reduce those 7 signs of ageing. For more information

    please log onto www.olay.co.in.

    Olay Anti-Aging Cream Ambassadors.

    Madhuri Dixit who has just returned from US

    has already started making waves in Bollywood. The

    gorgeous actress has been appointed as the brand

    ambassador for the anti-aging beauty products range

    ofOlay.

    Olay India announced Madhuri Dixit as their Brand Ambassador stating :

    We are thrilled to announce the new face of Olay Regenerist The one and

    only Madhuri Dixit.

    http://www.olay.co.in/http://www.olay.co.in/
  • 7/29/2019 Olay 1111

    17/59

    Procter & Gamble, Olay 2011 - 2012

    Page 17 of 59

    Olay offers wide range of anti-aging creams and have signed actresses

    like Karishma Kapoor, Sushmita Sen and Sridevi who are in their 30s or 40s to

    endorse their products. Madhuri Dixit(44) is the latest to join the bandwagon

    and the company has definitely chose the best to represent their products. She

    will be seen in print ads and TVC of Olay.

    Roopa Purshottam, Economist & Head Future Trends(FutureGroup), Shikha Sharma, Health & Wellness Expert, DilshadPastakia, Celebrity Hair Stylist, Dr.Colin D'Silva, Principal

    Scientist, P&G Beauty, Tisca Chopra, Actor & TV Anchor, AnitaDongre, Fashion Designer and Coleen Khan Affonso, CelebrityBeauty Expert at the launch of Olay Total Effects in India.

  • 7/29/2019 Olay 1111

    18/59

    Procter & Gamble, Olay 2011 - 2012

    Page 18 of 59

    CHAPTER 3Objectives

    Research MethodologyLimitations

  • 7/29/2019 Olay 1111

    19/59

    Procter & Gamble, Olay 2011 - 2012

    Page 19 of 59

    OBJECTIVES

    To know whether product awareness is there among different age groupsand people.

    To determine the place of Olay with respects to other competitive skincarecosmetics.

    To ascertain the factor influencing the purchase ofOlay Total effects. To estimate the effect of pricing and packing on the purchase of Olay Total

    effects.

    To assess the importance of brand name in the marking effort. To ascertain the quality prominence factor in marketing ofOlay Total effects To know consumer psychology towards Olay Total Effects.

  • 7/29/2019 Olay 1111

    20/59

    Procter & Gamble, Olay 2011 - 2012

    Page 20 of 59

    RESEARCH METHODOLOGY

    To manage the business well is to manage its future and to manage the future

    is to manage information.

    To collect the information, marketing research is to be done. Marketing

    research has been defined as the systematic gathering, recording and analyzing

    of data about problems relating to marketing of goods and services from

    producer to consumer.-By American Marketing Association

    Research Methodology refers to the various methods and techniques

    involved in the process of research. The information required for the

    preparation of the report is collected through two

    Sources viz;

    1. Primary Data

    2. Secondary Data

    Primary Data:

    The data collected for a purpose for a particular problem in original is known as

    Primary Data. It consists of all the answers in first hand.

    Sources of primary data:

    The sources are divided into basically two types internal and external. Internal

    source analysis is referred to as sales analyses. The external sources include the

    sales man, dealers and consumers. On the basis of requirement the information

    is collected from anyone or all of the sources.

  • 7/29/2019 Olay 1111

    21/59

    Procter & Gamble, Olay 2011 - 2012

    Page 21 of 59

    Methods of collecting Primary data:

    The collection of information is referred to as primary method. There are

    various methods in which primary data can be adopted and thus can be

    broadly classified as survey methods and experimental methods.

    Survey methods:

    The survey is a complex operation, which requires some technical Knowledge.

    Survey methods are of personal character and depending on the information

    required there are six major types of surveys.

    Facts Survey - Collects only facts.

    Opinion Survey Opinions in various problems are collected.

    Attitude Survey Determines the attitudes of the consumers.

    Future inventions Survey Used to find on discover future trends.

    The Reason why Survey Seeks to determine why a person has done

    something to do something in future.

    Ones survey may contain several types since it may give several and better

    kinds of information. The various kinds of surveys are carried out through

    different methods. Usually three general methods are used to conduct a survey.

    2. Secondary Data:

    The data collected from the public sources i.e., not originally Collected for the

    first time is called secondary data. Suppose we want to know the population of

    the city, we need not go house to house to collect the same but can referred to

    the census report.

    SAMPLING UNITS

    1) Sampling unit : Professionals, Common people and students

    are surveyed

    2) Sampling Size : 100

    3) Sampling procedure : Stratified random sampling is used.

  • 7/29/2019 Olay 1111

    22/59

    Procter & Gamble, Olay 2011 - 2012

    Page 22 of 59

    LIMITATIONS

    Time is major constraints, The study is concentrated only to Kurnool city The method used in this project is "Random sampling method" Some respondents were not interested to give the accurate Information about the

    product

    The open ended question which makes analysis easy might have restrictedthe respondents' choice of answers.

    The research is limited only too few consumers in Kurnool city.

  • 7/29/2019 Olay 1111

    23/59

    Procter & Gamble, Olay 2011 - 2012

    Page 23 of 59

    CHAPTER 4Literature Review

  • 7/29/2019 Olay 1111

    24/59

    Procter & Gamble, Olay 2011 - 2012

    Page 24 of 59

    THEORITICAL BACKGROUND OF THE CONSUMER

    PSHYCOLOGY

    Consumer Psychology:

    Psychology:

    Psychology is referred to as a science a study of the mind and its processes. (Study

    of individuals) thus psychology as a branch of behavioral science tries to probe and

    understand how an individuals mind works while taking decisions. Psychology, the

    following concepts which influence the consumers decision making process;

    1. Needs and motivation:

    Need can be said to be a state of felt deprivation in a person. That is needs are a

    basic part of human make up. There are certain characteristics of needs which influence

    the consumer's decision:

    a) Needs are never fully satisfied. '

    b) New needs emerge as old needs are fully satisfied.c) The nature and persistence of an individual's behavior are often influenced by the

    success and failure in satisfying the needs and reaching the goal.

    d) Needs and goal vary individuals.

    Motivation is another closely related factor affecting consumer Behavior,

    Motivation has come from motives which are the Expression of human needs by a human

    being. It can be said to be a feeling of lacuna or lacking something which motivates

    him/her to act (Activities) and get this feeling of lacking removed (Satisfaction).

    2. Personality:

    Personality may be defined as predisposition to react to a given stimulus

    in a particular manner and this may be in the form consistent response to

    environmental stimuli.

  • 7/29/2019 Olay 1111

    25/59

    Procter & Gamble, Olay 2011 - 2012

    Page 25 of 59

    There are certain characteristic features of personality.

    a) Personality reflects individual difference (traits) thus marketers can segment the

    market based on certain common consumer

    b) Personality is consistent and traits.

    c) Personality can change under certain circumstances like birth-Death of loved

    one a major career promotion etc.,

    3. Perception:

    Perception is the sensing of stimuli external to the individual organs.

    Perception determines what seen felt, heard, smelt or tasted by the consumers

    when numerous stimuli are directed to them. Since perception leads to though

    and though leads to action, marketing is concerned with understanding the

    process perception. The way individual perceives thing will depend upon many

    personal factors-needs, moods, memories, values etc. Buyers see the product in

    terms of images. These images are the formalized impressions residing,

    consciously or unconsciously in the minds of individuals with regard to the 'brand'

    and the price of the product (or) companies (or) retail-outlets and themselves orrisk .therefore advertising and packing must reflect the same quality as

    imagined.

    4. Learning:

    Learning is the process of acquiring knowledge and the basic factors

    influencing gleaning are motivation, conditioning, relationship andorganization. Motivation is an important factor in initiating and governing one's

    activities, which may bring satisfaction. Conditioning is a way of learning in which

    a new response to a particular stimulus is developed. Such a response does

    influence behavior pattern.

    Relationship and organization also facilitate learning.

  • 7/29/2019 Olay 1111

    26/59

    Procter & Gamble, Olay 2011 - 2012

    Page 26 of 59

    5. Attitude:

    An individuals consciousness, feelings, beliefs, values from the emotions part

    of the mind. Attitudes develop gradually as the result of experience and they emerge

    from interaction with family, friends and reference groups, there are three main

    components of attitude. They are,

    a) The cognitive component: Cognition is the mental process which is concerned

    with gathering information and interpreting of logically.

    b) The affective component; it is concerned with individual emotions.

    c) The co native component: it is concerned with how individual responds to he object

  • 7/29/2019 Olay 1111

    27/59

    Procter & Gamble, Olay 2011 - 2012

    Page 27 of 59

    CHAPTER 5

    Data Analysis&Interpretation

  • 7/29/2019 Olay 1111

    28/59

    Procter & Gamble, Olay 2011 - 2012

    Page 28 of 59

    1. What is your age?

    Particular NO. of respondent % of respondent

    25-35 12 12%35-45 48 48%

    45-55 30 30%

    55 Above 10 10%

    Total 100 100%

    INTERPRETATION:

    Above table reveals that 80% of the age group between 35-45 are using

    Olay Anti-Aging Cream. 25-35% of the age group are between 25-35. 30% of

    the age group are between 45- 55. 10% of the age group are above 55.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    29/59

    Procter & Gamble, Olay 2011 - 2012

    Page 29 of 59

    12%

    48%

    30%

    10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    25-35 35-45 45-55 55 Above

    % of

    respondent

    1. What is your age?

  • 7/29/2019 Olay 1111

    30/59

    Procter & Gamble, Olay 2011 - 2012

    Page 30 of 59

    2. Do you use anti-aging creams?

    Particular NO. of respondent % of respondent

    Yes 70 70%

    No 30 30%

    Total 100 100%

    INTERPRETATION

    According to the above analysis it is concluded 70% of the respondents

    using anti-aging creams and the rest 30% doesnt use the creams.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    31/59

    Procter & Gamble, Olay 2011 - 2012

    Page 31 of 59

    2. Do you use anti-aging creams?

  • 7/29/2019 Olay 1111

    32/59

    Procter & Gamble, Olay 2011 - 2012

    Page 32 of 59

    3. If yes, which brand of Anti-Aging cream do you use?Particular NO. of respondent % of respondent

    Olay 51 51

    Fair & lovely 15 15

    Ponds 10 10

    Garnier 11 11

    Others 13 13

    Total 100% 100%

    INTERPRETATION

    As per the table 51% of the respondents are preferring Olay as the

    brand of Anti-Aging cream they use. 15% of the respondents are preferring

    Fair N Lovely. 10% are using ponds. Garnier 11% and 13% are others.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    33/59

    Procter & Gamble, Olay 2011 - 2012

    Page 33 of 59

    Percentage

    of respondent

    3. If yes, which brand of anti-aging cream do you use?

  • 7/29/2019 Olay 1111

    34/59

    Procter & Gamble, Olay 2011 - 2012

    Page 34 of 59

    4. How did you come to know about Olay Total effects?

    Particular NO. of respondent % of respondent

    Advertising 60 60%

    Provisional Stores 12 12%

    Skin specialist 18 18%

    Friend & relations 10 10%

    Total 100 100%

    INTERPRETATION

    As per the above table 60% of the respondents came to know about

    the product through advertising. 18% through skin specialist. 12% through

    provision store. 10% of respondents came to know through Friends &

    Relatives.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    35/59

    Procter & Gamble, Olay 2011 - 2012

    Page 35 of 59

    60%

    12%

    18%

    10%

    Source of information

    Advertising Provisional Stores Skin specialist Friend & relations

    4. How did you come to know about Olay Total effects?

  • 7/29/2019 Olay 1111

    36/59

    Procter & Gamble, Olay 2011 - 2012

    Page 36 of 59

    5. What made you to go for the product Olay total effect?

    Particular NO. of respondent % of respondent

    Brand image 10 10%

    Skin care 30 30%

    Quality 40 40%

    Just for a trial 20 20%

    Total 100 100%

    INTERPRETATION

    Above table reveals that 30% of the respondents have purchased Olay

    because of Skin Care, 40% of the respondents have purchased because of

    quality. 10% because of brand image. remaining 20% just for a trial.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    37/59

    Procter & Gamble, Olay 2011 - 2012

    Page 37 of 59

    5. What made you to go for the product Olay total effect?

  • 7/29/2019 Olay 1111

    38/59

    Procter & Gamble, Olay 2011 - 2012

    Page 38 of 59

    6. How do you rate the product Olay Total effects?Particular NO. of respondent % of respondent

    Extremely Satisfied 41 41%

    Satisfied 29 29 %

    Partially satisfied 22 22%

    Not Satisfied 08 08%

    Total 100 100%

    INTERPRETATION

    Above table reveals that 41% of the respondents are extremely satisfied

    with Olay Anti-Aging Cream. 29% are satisfied, 22% are partially satisfied

    and 8% of the respondents are not satisfied.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    39/59

    Procter & Gamble, Olay 2011 - 2012

    Page 39 of 59

    41%

    29%

    22%

    8%

    0% 10% 20% 30% 40% 50%

    Extremely Satisfied

    Satisfied

    Partially satisfy

    Not Satisfied

    Percentage

    SatisfactionLevel

    Satisfaction Rating of Respondents

    % of respondent

    6. How do you rate the product Olay Total effects?

  • 7/29/2019 Olay 1111

    40/59

    Procter & Gamble, Olay 2011 - 2012

    Page 40 of 59

    7. When compared to other products how you do feel the performance ofOlay Total effects?

    Particular NO. of respondent % of respondent

    Good 58 58

    Better 26 26

    Average 10 10

    Poor 06 06

    Total 100 100%

    INTERPRETATION

    As per the above table 58% of the respondents feel Olays

    performance is good, 26% feel it is better, 10% feel it has average

    performance and 6% feel that performance is poor.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    41/59

    Procter & Gamble, Olay 2011 - 2012

    Page 41 of 59

    7. When compared to other products how you do feel the performance of

    Olay Total effects?

  • 7/29/2019 Olay 1111

    42/59

    Procter & Gamble, Olay 2011 - 2012

    Page 42 of 59

    8. Which cream do you feel superior closer to Olay?

    Particular NO. of respondent% of respondent

    Fair & Lovely 50 50%

    Garnier 30 30%

    Ponds 20 20%

    Total 100 100%

    INTERPRETATION

    Above table reveals that 50% of the respondents are feeling fair & lovely

    is the superior closer competitor to the Olay and 20% of the respondents

    said Garnier is secondary closer competitor of Olay, 20% ponds.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    43/59

    Procter & Gamble, Olay 2011 - 2012

    Page 43 of 59

    8. Which cream do you feel superior closer to Olay?

  • 7/29/2019 Olay 1111

    44/59

    Procter & Gamble, Olay 2011 - 2012

    Page 44 of 59

    9. Have you found any changes in yourselfafter using Olay Total effects?

    Particulars No. of Respondents % of Respondents

    Yes 85 85%

    No 15 15%

    Total 100 100%

    INTERPRETATION:

    Above table reveals that 85% of the respondents feel change after using Olay

    Anti-Aging Cream where 15% doesnt feels any change.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    45/59

    Procter & Gamble, Olay 2011 - 2012

    Page 45 of 59

    9. Have you found any changes in yourself after using Olay Totaleffects?

    85%

    15%

    Yes

    No

  • 7/29/2019 Olay 1111

    46/59

    Procter & Gamble, Olay 2011 - 2012

    Page 46 of 59

    10.What is your opinion about the price of Olay Total effects?Particulars No. of Respondents % of Respondents

    High 48 48%

    Reasonable 33 33%

    Low 19 19%

    Total 100 100%

    INTERPRETATION:

    According to the above table it is concluded that 48% of the respondents

    think the price is high, 33% respondents think price is reasonable and 19%

    thinks that the price is low.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    47/59

    Procter & Gamble, Olay 2011 - 2012

    Page 47 of 59

    10. What is your opinion about the price of Olay Total effects?

  • 7/29/2019 Olay 1111

    48/59

    Procter & Gamble, Olay 2011 - 2012

    Page 48 of 59

    11.Would you like to recommend this product to others ?

    Particulars No. of Respondents % of Respondents

    Yes 89 89%

    No 11 11%

    Total 100 100%

    INTERPRETATION:

    According to the above analysis it is concluded 89% of the respondents

    like to recommend the product others, and remaining 11% dont like to

    recommend it.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    49/59

    Procter & Gamble, Olay 2011 - 2012

    Page 49 of 59

    11. Would you like to recommend this product to others?

  • 7/29/2019 Olay 1111

    50/59

    Procter & Gamble, Olay 2011 - 2012

    Page 50 of 59

    12.What is your opinion on using of film celebrities in the advertising ofOlay?

    Particulars No. of Respondents % of Respondents

    Very Impressive 65 65%

    Moderately

    Impressive

    30 30%

    Not Impressive 5 5%

    Total 100 100%

    INTERPRETATION:

    Above table reveals that opinion of 65% of respondents are very

    impressive on using of film celebrities in the advertisements. 30% opined that

    its moderately impressive where 5% said that its not impressive.

    SOURCE: Questionnaire

  • 7/29/2019 Olay 1111

    51/59

    Procter & Gamble, Olay 2011 - 2012

    Page 51 of 59

    12.What is your opinion on using of film celebrities in the advertisingof Olay?

  • 7/29/2019 Olay 1111

    52/59

    Procter & Gamble, Olay 2011 - 2012

    Page 52 of 59

    CHAPTER 6

    FindingsSuggestions &Conclusion

  • 7/29/2019 Olay 1111

    53/59

    Procter & Gamble, Olay 2011 - 2012

    Page 53 of 59

    FINDINGS

    The majority of the respondents who are consuming Olay total effectAnti-Aging Cream are between the age group of 3545 the youngsters

    are ignored.

    Though it is a new product from P&G, the majority of the respondents areusing Olay Total Effect anti-aging cream.

    Advertisement has a good effect on the customer to use Olay Total EffectAnti-aging cream

    Most of the customers want to recommend it to others. The price of Olay Total Effect Anti-Aging Cream is expensive according

    to the majority of the respondents.

    Quality of the Olay Total Effect Anti-Aging cream has a good impact onthe customers.

    Majority of the respondents are extremely satisfied with the performanceproduct.

  • 7/29/2019 Olay 1111

    54/59

    Procter & Gamble, Olay 2011 - 2012

    Page 54 of 59

    SUGGESTION

    P&G ought to pay concentration to improve the brand image, as it is alsoa major factor for customer to buy a product.

    Theres lack of advertising through provisional stores, P&G should needto take care of it

    P&G should have to pay more concentration towards the competitors likeFair & Lovely and Garnier.

    It is suggested to focus on the youngsters also, so that the company couldhave good hold on all the age groups.

    As the Majority of the respondents said that the price of the product ishigh, P&G should try to decrease the price without affecting to the

    quality of the product.

  • 7/29/2019 Olay 1111

    55/59

    Procter & Gamble, Olay 2011 - 2012

    Page 55 of 59

    CONCLUSION

    It is already said Olay is a product truly born from love, as it was

    created by a man as a gift for his wife. In the same sense the majority of the

    middle aged women are focusing towards the standard of life using the newly

    launched Olay Total Effect anti-aging cream in the competition of other anti-

    aging creams as it has good effects at the first use. It has been observed that the

    Olay which has setup in India in last decade and now got a good hold on Indian

    market in skin care sector also.

    Most of the Olay Total Effect anti-aging cream has attracted the

    customers and satisfied them at its first launch and its still carrying the same

    satisfaction level in every aspect like, price, quality, quantity, brand image etc.

    and the product demand is increasing day by day. Thus the Olay will really

    occupy a place in the heart and shows its effects in the form of beauty on every

    woman who use it as for the reason it has been introduced.

  • 7/29/2019 Olay 1111

    56/59

    Procter & Gamble, Olay 2011 - 2012

    Page 56 of 59

    CHAPTER 7

    Questionnaire&Bibliography

  • 7/29/2019 Olay 1111

    57/59

    Procter & Gamble, Olay 2011 - 2012

    Page 57 of 59

    QUESTIONNAIRE

    Name :

    Gender :

    Occupation :

    1. What is your age? [ ]

    a) 25-35 b) 35-45 c) 45-55 d) 55 above

    2. Do you use anti-ageing creams? [ ]

    a) Yes b) No

    3. If yes, which brand of anti-ageing cream do you use? [ ]

    a) Olay b) Fair & lovely c) Ponds d) Grainer

    4. How did you come to know about Olay Total effects? [ ]

    a) Advertising b) Provision stores

    c) Skin Specialist d) Friend & Relatives

    5. What made you to go for the product Olay Total effects? [ ]

    a) Brand image b) skin care c) quality d) All of the above

    6. If no, why didnt you use it? [ ]

    a) Unaware about the product b) Dont want to go for a change

    c) Other reason, please specify -----------------------------

    7. What do you give more preference to while buying an Olay Totaleffects? [ ]

    a) Price b) Quality c) Promotional activity

    d) Brand image e) others if any (specify) ---------------------

    8. Have u found any changes in u after using Olay Total effects? [ ]

    a) Yes b) No

    9. How do you rate the product Olay Total effects? [ ]

    a) Excellent b) Satisfied c) partially satisfied d) not satisfied

    10. What is your opinion about the price of Olay Total effects [ ]

    a) High b) Reasonable c) Low

  • 7/29/2019 Olay 1111

    58/59

    Procter & Gamble, Olay 2011 - 2012

    Page 58 of 59

    11. When compared to other products how do you feel the performance of Olay Total

    effects? [ ]

    a) Good b) Best c) Average d) Better

    12. Would you like to recommend this product to others? [ ]

    a) Yes b) No

    13. Does the name Olay suits in the product? [ ]

    a) Yes b) No

    14. Which cream do you feel superior or closer to Olay? [ ]

    a) Fair n Lovely b) Gariner c) Ponds

    15. What is your opinion on using of film celebrities in the Advertising of Olay? [ ]a)Very impressive b)Moderately impressive c) Not impressive

    16. Do you feel of any need o matching any changes in the product Olay If yes give

    Your valuable suggestions

    .

    .

    .

    Thank you

    Signature

  • 7/29/2019 Olay 1111

    59/59

    Procter & Gamble, Olay 2011 - 2012

    BLIOGRAPHYBI

    MARKETING MANAGEMENT : Phillip Kotler

    REASERCH METHODOLOGY : Startified Random Sampling,

    Text book of Sampling of

    Population by Lemy and

    LameShow.

    WEBSITES : www.olayindia.com

    www.olaycompany.com

    www.google.com

    http://www.olayindia.com/http://www.olaycompany.com/http://www.google.com/http://www.google.com/http://www.olaycompany.com/http://www.olayindia.com/