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0 INTRODUCTION
How promotion plays an imperative role in branding is the theme of this report.
These days, a brand is a crucial part of a product. In the marketplace, we can find
very few unbranded products. Consumers have a tendency to view a branded
product of high price, high quality product. And here comes the role of promotion
to inform and influence the customers about the brand. The primary objective
of promotion is to communicate with the customers. By exercising promotion
marketers try to aware the customers about the brand or to create a positive
image in the mind of the consumers. Again they use promotion to create a strong
brand association. But the communication process is changing as the marketing
strategies are changing nowadays. Marketers are exercising the new concept
Integrated Marketing Communication (IMC), a blend of promotional tools to
communicate with the customers.
Padma Oil Company is one of the petroleum and oil distributing subsidiary of
Bangladesh Petroleum Corporation. In 2003, Trade Service International went in
joint-collaboration with Padma Oil Company Limited to sell and distribute their
TOTAL products. Now with this joint-collaboration TOTAL is now enjoying 428
refueling stations of Padma.
2.3 MISSION
The mission statement is,
Making the brand and product categories familiar among the potential
customers through promotional activities as well as increasing market share by
10% within December 2008.
2.4 VISION
The vision is,
To be the market leader in the lubricant industry by providing continuous
customer satisfaction with high quality product at a competitive price.
2.5 PRODUCT PROFILE
TOTAL Lubricants has different product lines. It has automotive, industrial,
motor, tractor, aviation and marine lube oils. In case of automotive, there are
gasoline engine oil and diesel engine oil. Others are hydraulic fluids, transmission
fluid, gear box fluid etc. For industrial products, there are hydraulic oils,
compressor oils, gear oils, turbine oils etc.
2.6 HUMAN RESOURCE PROFILE
The human resource profile is as follows:
Chairman
Managing Director
Director
General Manager
Amir Hossain
Senior Executive
(Marketing and Sales)
Ratan Sinha
Accounts Officer
Johurul Islam
3.0 METHODOLOGY
Methodology is a process of choosing the appropriate method from different
available methods. It includes all the activities that are required to conduct the
research and translate it into a final report. There are various sections of
methodology, such as, research design, data collection method, sampling design,
and data analysis method.
3.1 RESEARCH DESIGN
Research design is the process that specifies the way the required data will be
collected. For the most part, this research report is prepared on the basis of
secondary data study. From the viewpoint of function, it is a descriptive research.
The objective-oriented methodologies are as follows:
3.2 OBJECTIVE 1
3.2.1 Types of Research
Desk Research
3.2.2 Nature of Data
The nature of data of the report is Qualitative Data
3.2.3 Sources of information
The sources of information are Secondary Data. The sources are different books
of marketing management, brand management, and promotions.
3.3 OBJECTIVE 2
3.3.1 Types of Research
Desk Research
3.3.2 Nature of Data
The nature of data of the report is Qualitative Data
3.3.3 Sources of information
The sources of information are Secondary Data. The sources are previous office
reports and websites of TOTAL Lubricants, EXXON Mobil, British Petroleum
(BP), Chevron Texaco (Caltex) and others.
3.4 OBJECTIVE 3
3.4.1 Types of Research
Desk Research
3.4.2 Nature of Data
The nature of data of the report is Qualitative Data
3.4.3 Sources of information
The sources of information are both Primary Data and Secondary Data. The
primary data sources are depth interview with marketing and sales executive and
general manager of TOTAL Lubricants in Chittagong. The secondary sources are
previous office reports and websites of TOTAL Lubricants, EXXON Mobil, British
Petroleum (BP), Chevron Texaco (Caltex) and others.
3.5 OBJECTIVE 4
3.5.1 Types of Research
Desk Research
3.5.2 Nature of Data
The nature of data of the report is Qualitative Data
3.5.3 Sources of information
The sources of information are both Primary Data and Secondary Data. The
primary data sources are depth interview with managing director, marketing and
sales executive and general manager of TOTAL Lubricants in Chittagong. The
secondary sources are books of marketing management, brand management,
advertising and promotion and websites of TOTAL Lubricants, EXXON Mobil,
British Petroleum (BP), Chevron Texaco (Caltex) and others. The communication
model is taken from Principles of Marketing by Philip Kotler & Gary Armstrong,
Ninth Edition, 2003-2004.
Objective 1
(To identify the Role of Promotion in Branding)
5.1.0 OVERVIEW
Generally speaking, Promotion is Communication. It is the activities that
communicate different attributes of the product to the customers and convince
them to buy it. When we look back at the history of promotion we can see that
the thought of promotion was different in different periods. During the past
several decades, marketing was associated with mass production. Companies
around the world undertook the mass-marketing strategies selling standardized
products
to
mass
customers.
They
developed
different
mass-media
In
this
runway,
last
addition
is
integrated
marketing
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5.1.1 BRANDING
5.1.1.1 Brand
For professional marketers the most distinctive skill is possibly their ability to
create, maintain, protect and enhance brands for their products and services
(Kotler 2004). More and more firms and other organizations have come to the
realization that one of their most valuable assets is their brand names
associated with their products and services. In an increasingly complex world,
individuals and businesses are facing more and more choices but apparently have
less and less time to make those choices. Thus the ability of a strong brand to
simplify consumer decision making, reduce risk, and set expectations is
significant. Branding has been around for centuries as a means to distinguish the
goods of one producer from those of another (Keller, 2004). Its all about public
Perception. Brands are the public perception of a thing or person. Today
customers do not buy products, they buy brands.
There are numerous definitions of a brand. The American Marketing Association
(AMA) defines a brand as,
A name, term, sign, symbol or any other feature that identifies one sellers
goods or service as distinct from those of other sellers. This definition suggests
that the brand value is associated with specific seller or marketer. The definition
also implies that the brand differentiates a product or service from the
competitors in the market place.
According to Philip Kotler, a well regarded marketing academic, a brand is
A name, term, sign, symbol or design, or a combination of these, that identifies
the maker or seller of a product or service. This brand definition suggests that
brand is the identification mark by which consumers can identify the specific
maker or seller in the market.
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Today brands occupy a unique place in commerce. Brands can be brought and
sold. They can be franchised or rented. They can be protected domestically or
globally. Brands have value which is critical in a marketing sense and it is a
brands value that underpins the brands importance in the market place. The
value of the brands is one of the key ingredients in developing an effective
marketing communication program (Schultz & Barnes, 2003).
5.1.1.2 Importance of Branding
Today branding has become so important that we can not find anything
unbranded whether it is a good or service. Marketers are using branding to help
customers in loads of ways. Brand names help customers to identify their specific
product. Brands also tell the consumers about the product quality. Customers
who always buy the same brand know that they will get the same features,
benefits, and quality each time they buy. Branding also has various advantages
from the sellers perspective. The brand name becomes the basis on which a
whole story can be built about a products special features. The sellers brand
name and trademark provide legal protection for unique product features that
otherwise might be copied by competitors. Branding also helps the seller to
segment markets (Kotler, 2004).
Now in a twenty-first century marketplace a brand is much more than a name,
term, symbol or any other specific feature. Today the brand has become a part of
the relationship between the marketing organizations. Now the brand represents
the relationship between the buyer and the seller. It is a relationship that only the
consumer can create. So building the brand refers to building the relationship
(Schultz & Barnes, 2003).
5.1.2 ABOUT PROMOTION
Promotion is anything that helps transfer meaning from one person to another or
from a product or service to the consumers (Kotler, 2004). Basically, promotion
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Direct
Direct
Male
Male
In-Store
In-Store
Displays
Displays
Customer
Customer
Service
Service
Customer
Customer
View
ofof
View
marketing
marketing
communication
communication
Sales
Sales
Promotion
Promotion
Product
Product
Design
Design
Pricing
Pricing
Distribution
Distribution
Advertising
Advertising
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14
Targeted
Communication
One-to-One
Dialogue
Now a day, communication goes beyond some specific promotion tools. Products
design, price, shape, color, the stores that sell it all together communicate
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something to consumers about the product. So, the entire marketing mix should
be coordinated for utmost communication impact (Kotler).
5.1.2.4
Definition
(IMC)
Under this concept, company carefully integrates and coordinates its many
communication channels to deliver a clear, consistent and compelling message
about the organization and its products. IMC means that all company messages,
positioning and images, and identity are coordinated across marketing
communication venues. It means that a companys public relation materials say
the same thing as its direct mail campaign, and its advertising has the same look
and feel. The IMC solution calls for recognizing all contact points where the
customer may encounter the company, its products and its brands (Kotler,
2004).
Personal
Selling
Advertising
Sales
Promotion
Public
Relations
Consistent,
clear and
compelling
company and
product
messages
Direct
Marketing
16
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exercises direct advertising to inform the customers about their new construction
and its facilities and advantages.
the
product
of
the
specific
brand.
Recently
AKTEL,
telecommunication company, offered Gold Coin for its customers. 15% discount
on full payment offer by Bashundhara Group, a real estate company is another
example of consumer promotion. Moreover, Thank You bonus offer by
GRAMEEN PHONE, KEYA laundry soap is free with KEYA 1kg detergent
powder, Price-off offer at every refrigerator purchase by SINGER, 10% discount
offer by OTOBI are the illustrations of consumer promotions.
5.1.3.5 Trade Promotions
In favor of trade promotions, trade deals and buying allowances, point-ofpurchase display allowances, push money, contest and dealer incentives, training
programs, trade shows, cooperative advertising can be given to the dealers,
retailers and wholesalers to motivate them to sell the specific brand. For example
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of trade promotions, we can say about TOTAL Lubricants. They offer buying
allowances and incentives to its dealers. Without TOTAL Lubricants, other
lubricant brand also offer different purchase allowances and incentives to their
dealers.
5.1.3.6 Event Marketing and Sponsorship
To aware and educate the customers a brand can sponsor in various events
related to the product category and its image. For example, different sports event,
arts, entertainment, fair and festivals, cause-related events. For example, lately
BANGLALINK organized a 2 days music festival under the banner of Banglalink
Desh Music Festival at Fantasy Kingdom to help the flood victims.
5.1.3.7 Public Relation and Publicity
Public relation and publicity relate to a variety of programs and are designed to
promote or protect a companys image or its individual products (Keller).
Publicity refers to non-personal communications such as press releases, media
interviews, press conferences, feature articles, newsletters, photographs, films
and tapes. Public relations may also involve annual reports, fund-raising and
membership drives, lobbying, special event management, and public affairs. For
example of public relation and publicity, BANGLALINK arranged different
musical programs for acid victims and say no to drugs campaigns.
5.1.4
ESTABLISHING
BRAND
AWARENESS
THROUGH
PROMOTION
The target market may be totally unaware of the brand. Then the first task is to
build awareness. Brand awareness consists of brand recognition and brand recall
performance. Brand recognition relates to consumers ability to confirm prior
exposure to the brand when given the brand as a cue. Brand recall relates to
consumers ability to retrieve the brand from memory when given the product
category or a purchase or a usage situation as a cue.
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ROLE
OF
PROMOTION
IN
ESTABLISHING
BRAND
KNOWLEDGE
The target market may know only its name or only a few things about the product
or service. Then by using different promotional tool a company can create brand
knowledge. Basically, brand knowledge is making the consumers educated about
the product.
Current
Brand
Knowledge
Communication
Desired
Brand
Knowledge
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For example, when Nissan introduced its Infiniti automobile line, it began with
an extensive teaser advertising campaign to create name familiarity (Brand
awareness). Initial ads for the Infiniti created curiosity and awareness by showing
the cars name but not the car. Later ads created knowledge by informing
potential buyers of the cars high quality and many innovative features (Kotler,
Armstrong).
To create the desired brand knowledge, companies can use a wide range of its
promotional tools. By media advertising they can educate the customers how they
will be benefited from the product or service. Here they can also use public
relation and publicity, such as media interviews, press conference, articles,
special event management etc.
5.1.6 PROMOTION FOR BRAND LIKING, PREFERENCE AND
CONVICTION
After brand awareness and brand knowledge the question comes about brand
likings, brand preference and brand conviction. How the consumers feel about
the product? What about their preference and belief about it? Here, liking refers
to the feeling favorable about the product; preference includes preferring the
product to other brands; and conviction indicates about believing that this
product is the best one for them.
A combination of the promotion mix tools can be used to create positive feelings
and conviction. By different media advertising, companies can show the
customers about products advantages over competing brands. They can use
press releases and public relations activities to notify the consumers about the
products unique features. Moreover, point-of-purchase advertising can be used
to remind the customers about the product.
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5.1.7
CREATING
POSITIVE
BRAND
IMAGE
THROUGH
PROMOTION
Today a brand is much more than just a name. It is an image in customers mind
that reflects what they think and feel about a product. It is a psychological image
that reflects the way customers perceive the brand.
Different promotional tools can be used to create a positive brand image. One
way is direct experience - by communicating information about the brand to the
customers directly. Consumer reports or other media vehicles can be used to
carry out these kinds of messages. Another way is word-of-mouth or
noncommercial sources of information. For example, different consumer union's
reports or popular press releases etc.
To create positive image it is important for any company how they use different
promotional tools, their social activities or how they want to position themselves
in the marketplace. Packaging is another important factor in this case. Finally, it
is important to associate unique, meaningful points of difference to the brand to
provide a competitive advantage and reason why consumers should buy it.
5.1.8 PROMOTION FOR BRAND LOYALTY
Brand loyalty has been described as a behavioral response and as a function of
psychological processes (Jacoby and Kyner, 1973). Thus brand loyalty is a
function of both attitudes and behavior. In contrast to brand attitudes and habit,
which are brand specific, the concept of brand loyalty represents a general
concept which describes a consumers overall buying behavior patterns within a
product class. It is a descriptive variable that refers to individual differences in
consumers general shopping behavior and buying styles within a particular
product class. Brand loyalty is defined here as a consumers preference to buy a
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single brand name in a product class; it is a result of the perceived quality of the
brand and not its price.
Brand
Attitude
Brand
Brand Equity
Loyalty
Outcomes
Habit
23
Objective 2
(To identify the Role of Promotion in Branding
in Lubricant Industry)
24
5.2.0 OVERVIEW
A lubricant is a substance, usually a liquid, introduced between two moving
surfaces to reduce the friction and wear between them. A lubricant provides a
protective film which allows for two touching surfaces to be separated, thus
lessening the friction between them.
Typically lubricants contain 90% base oil most often petroleum fractions, called
mineral oils and less than 10% additives. Vegetable oils or synthetic liquids such
as hydrogenated polyolefin, esters, silicone, fluorocarbons and many others are
sometimes used as base oils. Additives deliver reduced friction and wear,
increased viscosity, improved viscosity index, resistance to corrosion and
oxidation, aging or contamination, etc. Non-liquid lubricants include grease,
powders (dry graphite, PTFE, Molybdenum disulfide, etc.), teflon tape used in
plumbing, air cushion and others. Another approach to reducing friction and
wear is to use bearings such as ball bearings, roller bearings or air bearings or to
use sound, in the case of acoustic lubrication.
Lubricants such as 2-cycle oil are also added to some fuels. Sulfur impurities in
fuels also provide some lubrication properties, which have to be taken in account
when switching to a low-sulfur diesel; biodiesel is a popular diesel fuel additive
providing additional lubricity.
In addition to automotive and industrial applications, lubricants are used for
many other purposes, including K-Y Jelly, often used as a personal lubricant, biomedical applications (lubricants for artificial joints) and others.
5.2.1 USAGE
Lubricants are an essential part of modern machinery. Everything from computer
hard disk drives to the Airbus A380 requires lubrication of its moving parts. One
The Role of Promotion in Branding: With Special Reference to TOTAL Lubricants
25
of the single largest applications for lubricants, in the form of motor oil, is to
protect the internal combustion engines in motor vehicles.
5.2.2 APPLICATION BY FLUID TYPES
Automotive
o
Gearbox Fluids
Brake Fluids
Hydraulic Fluids
Other Motors
o
Engine Oils
Industrial
o
Hydraulic Oils
Gear Oils
Aviation
o
Marine
o
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27
28
Mobil, BP and TOTAL are of premium quality as they are the eminent global
brands. Besides they are with the Government companies.
Name
Distributor
TOTAL Lubricants
Navana Group
Castrol
Rahim Afroz
Fuchs
Sino
Sharlu
Hossain Spring
5.2.5
PROMOTIONAL
STRATEGIES
OF
DIFFERENT
GLOBAL
LUBRICANT BRANDS
The
global
lubricant
market
is
generally
competitive
with
numerous
manufacturers and marketers. And in this global market, promotion plays a very
significant role in branding. The lubricant marketers generally pursue one or
more of the following strategies when pursuing business.
5.2.5.1 Specification
29
The lubricant is said to meet a certain specification. In the consumer market, this
is often supported by a logo, symbol or words that inform the consumer that the
lubricant marketer has obtained independent verification of conformance to the
specification. Examples of these include the APIs donut logo or the NSF tick
mark. In the industrial market place the specification may take the form of a legal
contract to supply a conforming fluid or purchasers may choose to buy on the
basis of a manufacturers own published specification.
5.2.5.2 Original Equipment Manufacturer (OEM) Approval
Specifications often denote a minimum acceptable performance levels. Thus
many equipment manufacturers add on their own particular requirements or
tighten the tolerance on a general specification to meet their particular needs.
This gives the lubricant marketer an avenue to differentiate their product by
designing it to meet an OEM specification. Often, the OEM carries out extensive
testing and maintains an active list of approved products. This is a powerful
marketing tool in the lubricant marketplace.
5.2.5.3 Performance
The lubricant marketer claims benefits for the customer based on the superior
performance of the lubricant. Such marketing is supported by glamorous
advertising, sponsorships of typically sporting events and endorsements.
Unfortunately broad performance claims are common in the consumer
marketplace, which are difficult or impossible for a typical consumer to verify. In
the B2B market place the marketer is normally expected to show data that
supports the claims, hence reducing the use of broad claims.
5.2.5.4 Longevity
The marketer claims that their lubricant maintains its performance over a longer
period of time. For example in the consumer market, a typical motor oil change
interval is around the 3000-6000 miles (Wikipedia). The lubricant marketer may
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offer a lubricant that lasts for 12000 miles or more to convince a user to pay a
premium. Typically, the consumer would need to balance the longer life and any
warranties offered by the lubricant manufacturer with the loss of equipment
manufacturer warranties by not following its schedule. In the industrial market
place the longevity is generally measured in time units and the lubricant
marketer can suffer large financial penalties if their claims are not substantiated.
5.2.5.5 Efficiency
The lubricant marketer claims improved equipment efficiency when compared to
rival products or technologies. Typically the efficiency is proven by showing a
reduction in energy costs to operate the system.
5.2.5.6 Operational Tolerance
The lubricant is claimed to cope with specific operational environment needs.
Some common environments include dry, wet, cold, hot, fire risk, high load, high
or low speed, chemical compatibility, atmospheric compatibility, pressure or
vacuum and various combinations.
5.2.5.7 Economy
The marketer offers a lubricant at a lower cost than rivals.
5.2.5.8 Environment Friendly
The lubricant is said to be environmentally friendly. Typically this is supported by
qualifying statements or conformance to generally accepted approvals. Several
organizations, typically government sponsored, exist globally to qualify and
approve such lubricants by evaluating their potential for environmental harm.
Typically, the lubricant manufacturer is allowed to indicate such approval by
showing some special mark. Examples include the German Blue Angel,
European Daisy Eco label, Global Eco-Label GEN mark, Nordic, White
Swan, Japanese Earth friendly mark; USA Green Seal, Canadian
The Role of Promotion in Branding: With Special Reference to TOTAL Lubricants
31
5.2.5.9 Composition
The marketer claims novel composition of the lubricant which improves some
tangible performance over its rivals. Typically the technology is protected via
formal patents or other intellectual property protection mechanism to prevent
rivals from copying.
5.2.5.10 Quality
The marketer claims broad superior quality of its lubricant with no factual
evidence. The quality is proven by references to famous brand, sporting figure,
racing team, some professional endorsement or some similar subjective claim.
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that can be used for brand awareness is public relation product publicity, news,
special events etc. It can be done at a much lower cost than advertising.
33
Objective 3
(To identify the Promotional Activities
of Different Companies
in Bangladesh Lubricant Industry)
34
When Mobil first came to the market there was no competitor in their segment.
Then it started showing its advertisements in TV. It was the only ad of lube oil
that had been on aired then. Thus it created the brand awareness among the
customers. It built a strong positive relationship with its stakeholders by offering
them a good commission margin. Now they are focusing on upholding the
existing good relationship with it stakeholders. In addition, they are using pointof-purchase advertising at different refueling stations to remind the customers
about Mobil.
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Now they are using their previously earned goodwill as their key strength in the
market. Currently they are offering a free sunglass with each 5 liter Super V pack.
5.3.3 TOTAL LUBRICANTS
Trade Service International (TSI) first brought TOTAL Lubricants in Bangladesh
at 2003. Major strength of TOTAL is their joint-collaboration with another
subsidiary of Bangladesh Petroleum Corporation Padma Oil Company Limited.
Now they are enjoying 428 distribution outlets of Padma.
Certain issues of TOTAL:
36
Market), it is found that brand awareness of TOTAL Lubricants is very much low.
Most of the consumers do not even know about TOTAL Lubricants. But they are
not going for any promotional activities to crate brand awareness or create a
positive brand image. They are only focusing on trade promotions and within
trade promotions they only follow trade deals and dealer incentives.
5.3.4 CALTEX
Caltex is brought and distributed by Navana Group in Bangladesh. Like TOTAL,
They are not using any kind of consumer promotions or advertising. They are
also focusing on trade promotions (dealer incentives) and they are selling the
CNG engine oil in their own CNG service center.
5.3.5 CASTROL
Rahim Afroz is the sole distributor of Castrol in Bangladesh. They sell different
products of Castrol at their own outlets. But there are some big retailers, who
control the street market, keep some products of Castrol. Castrol did not go for
any kind of promotional activities.
Other lower segment companies, such as, Fuchs, Sino or Sharlu, are not using
any types of advertising or consumer promotions. They are only focusing on
trade promotions. In this industry most of the companies or distributors are not
focusing on advertising or consumer promotions. They only understand one type
of promotion that is trade promotion dealer incentives.
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Objective 4
(To develop a Communication Program
that Total Lubricant will Offer)
38
5.4.0 OVERVIEW
TOTAL Lubricants is a well-known lube oil company in global lubricant market.
But in Bangladesh, consumers are not aware of the product. Now what are the
reasons behind that? Why customers do not know the name of TOTAL
Lubricants? From the very beginning Mobil is the market leader in this sector in
Bangladesh. As a first-mover they created brand awareness and a positive brand
image. People associate Mobil as the product not as the brand. At this moment,
what TOTAL should do in order to sustain in the market? The simple response is
TOTAL has to increase its brand awareness by exercising huge promotional
activities. They have to inform the customers about the existence of TOTAL
Lubricants in the marketplace. They have to
Currently, TOTAL Lubricants is facing problem with brand awareness in the
marketplace. Accordingly, it has to arrange a communication program to aware
its target customers. An effective communication program includes: Identifying
the target audience; Determining the communication objectives; Designing a
message; Choosing the media through which the message will be send; Selecting
the message source and Collecting feedback.
5.4.1 COMMUNICATION PROGRAM
5.4.1.1 Target Market
In preparing communication programs, at first TOTAL has to identify its target
market and its characteristics. As I have spoken before, in Bangladesh, there are
two market segments based on price and quality. Mobil, BP, TOTAL, Caltex, and
Castrol are in the high price, high quality segment and Sino, Fuchs, Sharlu etc.
39
are in the low price, low quality segment. But TOTAL wants to attract its
customers by providing high quality product at a lower price than its competitors.
The target market profile of TOTAL Lubricants is given below:
Demographic
18+
Male, Female
3-4, 4-5
Tk. 50000+ (Monthly)
Private Car Owners, Covered Van Owners, District moving
Bus and Truck Owners
Secondary School and Upper
Psychographic
Middle Class, Upper Middle Class, Lower Upper Class,
Country Region
Density
Lifestyle
Personality
40
41
expression, gesture, posture, dress, hair-style etc. If the message delivering media
is radio then TOTAL has to choose the words, voices, sounds watchfully.
5.4.1.5 Choosing Media
Since TOTAL has to increase its brand awareness it should go for personal and
non-personal channel of communications mutually. In case of personal
communicational channel, to create brand awareness TOTAL should send its
salespeople to contact the target customers in the marketplace. There they can
offer discounts to the buyers of TOTAL products.
In case of non-personal communication, they should go for numerous Medias to
create brand awareness and brand knowledge among the target customers. For
instance, under print media they can go for frequent newspaper and magazine
advertising. In this case, they should choose the newspaper and the magazine
carefully. Nowadays the bestselling newspapers are Prothom Alo (Bengali
newspaper) and The Daily Star (English newspaper). To get most coverage
TOTAL can primarily choose Prothom Alo and The Daily Star to carry out its
messages.
TOTAL can also choose monthly published car magazines and related
publications for magazine advertising. For broadcast media, TOTAL can go for
continuous TV advertising and Radio (FM) advertising. In case of TV advertising
it can choose N TV, Channel i', Channel 1 and BCB News to show its
advertising. On the other hand, for radio (FM) advertising TOTAL can pick
Radio Furti and Radio Todayas these two channels are currently active. To
create awareness, display advertising is another important aspect. TOTAL can
issue different billboards at different central places to highlight their brand name
from a broader view. In Chittagong, they can choose GEC circle, Agrabad
Badamtoli Circle Dewanhaat Circle etc to place their billboards. Then again
TOTAL can organize various events to communicate its messages to the target
audiences. For example, Road shows, sports events, public tours, opening of a
new outlet etc.
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43
44
45
it, what points they recall, how they felt about the message, and their past and
present attitude toward the product and company. TOTAL should conduct
another survey to measure behavior resulting from the message. For example,
how many people bought a product, talk to others about it or visited the store.
5.4.5 PROMOTION BUDGET
TOTAL should fix its promotion budget on the basis of Task-Objective Method.
Under this method, at first, TOTAL has to define the promotional objectives and
then they have to determine the task that must be performed to achieve the
objectives. The tasks involve designing message, media selection etc. And the
costs of performing the tasks will be the proposed promotion budget.
A Projected Budget (for 1 year):
Direct
TV
Newspaper
Magazine
80%-100%
70%-80%
30%-40%
20%
7 days in
Once in a
In a regular
a week
month
basis
10000000*
5000000*
5000000*
Target
Marketing
Out Door
customers we
can reach
40%-45%
All 7 days a
week in NTV,
How often
Channel (i),
Channel 1 and
Continuous
CSB News.
Entire Media
cost (In Tk.)
50000000*
10000000*
(*Approximately taken)
Here the entire cost is Tk 80000000. so the budget is Tk. 80000000.
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CONCLUSION
Branding is an effective marketing strategy tool that has been used with frequent
success in the past. Today, branding is experiencing a new popularity resulting
from new, innovative applications. Although there have been instances where
branding has been less than successful, marketers are beginning to find the
appropriate applications in a given setting. Issues and problems concerning
branding strategy today include the selection of a brand name. This fundamental
issue will impact on the success of a branding strategy. Once a name is selected,
marketers have to choose the advertising strategy to support and communicate
the name. Finally, keeping the brand in a strong position is a critical concern.
New areas of branding include corporate, industrial, and service branding. These
nontraditional branding environments are becoming the future for marketers
using branding strategy. To add to the new branding areas, there are new
branding techniques. These techniques include brand extensions and ingredient
branding. New strategies, techniques, and arenas for branding have to be
managed. The organization must support and identify with the strategy. The
goals, objectives, and mission of any organization should be in line with the
branding strategy employed.
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References
Books
o Kotler and Armstrong, Principles of Marketing, Ninth Edition, 20032004, (Pages: 252-268; 510-534)
o Kevin Lane Keller, Strategic Brand Management, Second Edition, 2004,
(Pages: 2-16; 64-98; 175-190; 283-336)
o Philip Kotler, Marketing management, Eleventh edition, 2003-2004
o William G. Zikmund, Business Research Methods, 6th edition
o Collis, Jills & Roger Hussey, Business Research, 2nd edition, 2003.
o Harper W. Boyd, Jr., Ralph Westfall, Stanley F. Stasch, Marketing
Research Text and Cases, Seventh Edition
o Kenneth E. Clow and Donald Baack, Integrated Advertising, Promotion
and Marketing Communication, Price Edition
o Don E. Schultz and Beth E. Bernes, Strategic Brand Communication
Campaigns
o Jim Blythe, Marketing Communication
o William Wells, John Burnett and Sandra Moriarty, Advertising - Principles
and Practice, Fifth Edition
Internet
www.emeraldinsight.com
www.brandingasia.com
www.marketingresearchworld.net
www.articleplanet.net
www.asiamarketresearch.com
www.wikipedia.com
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Others
o BP China: Developing Automotive Lubricants Business by Chan Jeoffre
Jerome Jr. Tiongson, Goh Yong Leng, Annie, Kho Julius Ekoputra,
Kuwabara Katsue; Nanyang Business School, China
o Measuring Sales and Competitor Analysis of Total Lubricants in the
Chittagong Street Market by Antar Jyoti Shome, S. M. Bakhtiar and Kazi
Ainul Huda; Independent University, Bangladesh
o Relationship Marketing, Understanding and Implementing the Concept by
Mahmud Hassan and M. Tahlil Azim
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