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INDEX	
  
Market	
  Trend	
  Analysis	
  
Brand	
  Building:	
  Same	
  house,	
  different	
  sound	
  
Purchasing	
  GilleBe	
  Venus	
  
Venus	
  Prolong:	
  Built	
  to	
  compete	
  strong	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
Venus	
  Prolong:	
  Shave	
  fast,	
  Enjoy	
  long	
  
Venus	
  Prolong:	
  Strategy	
  
Venus	
  Prolong:	
  Concept	
  
Venus	
  Prolong:	
  MarkeIng	
  Mix	
  
•  ComunicaIon	
  
•  Price	
  and	
  DistribuIon	
  
Venus	
  Prolong:	
  A.T.A.R.	
  model	
  
Concept	
  Development	
  
•  Methodology	
  
•  What	
  women	
  want	
  
•  InnovaIon	
  sources	
  
Venus	
  Double	
  Effect:	
  Concept	
  
Venus	
  Double	
  Effect:	
  	
  
A	
  great	
  idea…	
  Nevertheless	
  
Venus	
  Prolong?	
  The	
  best	
  choice!	
  
Pag.	
  3	
  
Pag.	
  4	
  
Pag.	
  5	
  
Pag.	
  6	
  
Pag.	
  7	
  
Pag.	
  8	
  
Pag.	
  9	
  
	
  
Pag.	
  10	
  
Pag.	
  12	
  
Pag.	
  13	
  
	
  
	
  
Pag.	
  14	
  
Pag.	
  15	
  
Pag.	
  16	
  
Pag.	
  17	
  
	
  
Pag.	
  18	
  
Pag.	
  19	
  
	
  
	
  
*	
  Source:	
  quan:ta:ve	
  survey	
  conducted	
  on	
  men	
   **source	
  qualita:ve	
  and	
  quan:ta:ve	
  surveys	
  conducted	
  on	
  women	
  
• 	
  Waxing	
  is	
  the	
  tom	
  among	
  
women’s	
  methods,	
  followed	
  by	
  
razor	
  and	
  depilatory	
  cream.	
  	
  
	
  
• Gille<e	
  is	
  the	
  most	
  recognized	
  
brand	
  of	
  women’s	
  razors,	
  
followed	
  by	
  Bic	
  and	
  Venus.	
  	
  
-­‐ men	
  perceive	
  Gille<e	
  and	
  
Venus	
  as	
  the	
  same	
  brand	
  	
  
-­‐ or	
  that	
  they	
  have	
  seen	
  women	
  
using	
  Gille<e	
  men's	
  razors.	
  	
  
	
  
Masculine…	
  Hairy…	
  	
  
Hasty…	
  Rude.	
  	
  
	
  
Women	
  associate	
  to	
  Gille<e	
  higher	
  
professional	
  skills.	
  
	
  
They	
  are	
  seldom	
  aware	
  that	
  Venus	
  belongs	
  
to	
  Gille<e.	
  	
  
	
  
They	
  oHen	
  do	
  not	
  associate	
  to	
  Venus	
  
products	
  the	
  same	
  quality	
  of	
  Gille<e	
  ones.	
  
With	
  an	
  adequate	
  adver:sing	
  campaign	
  it’s	
  
possible	
  to	
  persuade,	
  within	
  razor’s	
  users,	
  
also	
  low	
  involved	
  and	
  price	
  sensi:ve	
  ones.	
  
	
  
•  OpImisIc	
  forecast:	
  64.564.548	
  €	
  
Italian	
  women	
  	
  	
  x	
  	
  	
  	
  	
  %	
  top	
  two	
  boxes	
  	
  	
  x	
  	
  	
  tried	
  given	
  aware	
  	
  	
  x	
  	
  	
  repeat	
  given	
  trial	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  (aged	
  15-­‐64)	
  
	
  
•  PrudenIal	
  forecast:	
  12.736.811	
  €	
  
N°	
  user	
  razor*	
  	
  	
  x	
  	
  	
  	
  	
  %	
  top	
  two	
  boxes	
  	
  	
  x	
  	
  	
  tried	
  given	
  aware	
  	
  	
  x	
  	
  	
  repeat	
  given	
  trial	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  (aged	
  15-­‐64)	
  
	
  
(52%	
  purchase,	
  	
  
43%	
  	
  probably	
  purchase)	
  
	
  	
  
	
  
(31%	
  purchase,	
  16%	
  
probably	
  purchase)	
  
*N°	
  Italian	
  women	
  (aged	
  15-­‐64)	
  x	
  	
  %	
  razor	
  user	
  (coming	
  from	
  a	
  survey	
  	
  on	
  300	
  women)	
  	
  
	
  
(52%	
  purchase,	
  	
  
43%	
  	
  probably	
  purchase)	
  
	
  	
  
	
  
(31%	
  purchase,	
  16%	
  
probably	
  purchase)	
  
We	
  added	
  a	
  new	
  element	
  in	
  order	
  to	
  reduce	
  
nega:ve	
  effects	
  of	
  this	
  method.	
  In	
  this	
  way,	
  our	
  
product	
  would	
  fit	
  a	
  new	
  market	
  posi:oning,	
  	
  
becoming	
  a	
  direct	
  compe:tor	
  of	
  other	
  methods.	
  
	
  
The	
  clusters	
  are	
  homogeneous	
  in	
  socio-­‐
demographical	
  paXerns.	
  Average	
  age	
  is	
  24	
  
years	
  old	
  
New	
  razor	
  "Venus	
  Prolong	
  ”,	
  featured	
  by	
  a	
  head	
  
in	
  front	
  and	
  a	
  roll-­‐on	
  behind,	
  it	
  allows	
  you	
  
shaving	
  painlessly,	
  effec:vely	
  and	
  immediately,	
  
with	
  a	
  long-­‐las:ng	
  effect.	
  
	
  
The	
  customized	
  4	
  blades-­‐head	
  and	
  the	
  moisturizing	
  strips,	
  
provide	
  you	
  a	
  smooth,	
  close	
  and	
  a	
  completely	
  nick-­‐free	
  shave.	
  	
  
	
  
The	
  roll-­‐on	
  releases	
  exactly	
  the	
  amount	
  of	
  retardant	
  lo:on	
  you	
  need.	
  	
  This	
  
lo:on,	
  composed	
  by	
  natural	
  extracts	
  of	
  willow	
  and	
  by	
  the	
  salicylic	
  acid	
  is	
  
contained	
  in	
  a	
  replaceable	
  cartridge,	
  placed	
  into	
  the	
  ergonomic,	
  so]	
  grip	
  
handle.	
  	
  
Venus	
  Prolong"	
  incorporates	
  all	
  GilleXe	
  know	
  how	
  in	
  terms	
  of	
  innova:on	
  
and	
  technology	
  and	
  provide	
  women	
  their	
  desired	
  depila:on	
  solu:on:	
  
a	
  painless	
  shave	
  with	
  a	
  long	
  lasIng	
  effect.	
  
	
  
Encourage	
  the	
  product’s	
  TRIAL	
  (short	
  term).	
  
	
  
Concentrate	
  efforts	
  on	
  INFLUENCER	
  to	
  
sImulate	
  word	
  of	
  mouth	
  and	
  persuade	
  
also	
  women	
  that	
  usually	
  don’t	
  use	
  the	
  
razor.	
  (long	
  term)	
  
Focus	
  not	
  only	
  on	
  the	
  efficacy	
  of	
  the	
  product,	
  
but	
  also	
  on	
  its	
  differen:a:ng	
  feature:	
  	
  
the	
  retardant	
  loIon.	
  
This	
  in	
  order	
  to	
  clearly	
  define	
  the	
  main	
  benefits:	
  	
  
quickness,	
  convenience,	
  painless,	
  	
  
long-­‐lasIng	
  effects.	
  	
  
	
  
Reveal	
  gradually	
  the	
  claim	
  crea:ng	
  ever-­‐higher	
  
expecta:ons.	
  	
  
Consumers	
  discover,	
  spot	
  by	
  spot,	
  the	
  reference	
  
category,	
  the	
  brand	
  and	
  lastly	
  the	
  concrete	
  
product	
  in	
  its	
  en:rety:	
  our	
  Venus	
  ProLong	
  
	
  
We	
  generate	
  two	
  
possible	
  scenery:	
  
	
  
	
  one	
  op:mis:c	
  and	
  
another	
  more	
  
pruden:al.	
  	
  
	
  
We	
  obtain	
  the	
  
average	
  annual	
  
expenditure	
  per	
  
capita	
  and	
  the	
  units	
  
sold	
  per	
  year.	
  
	
  
Lacking	
  of	
  profit	
  
margin,	
  we	
  did	
  not	
  
make	
  use	
  of	
  this	
  
model	
  to	
  es:mate	
  
the	
  product’s	
  net	
  
revenue.	
  
	
  
19.966.847	
  Is	
  the	
  number	
  of	
  
women	
  (16-­‐64	
  Years	
  old)	
  
	
  
3.887.934	
  I	
  Is	
  the	
  number	
  of	
  
women	
  x	
  %	
  of	
  razor’s	
  users	
  
	
  
Keep	
  your	
  body	
  shaved	
  is	
  essen:al,	
  but	
  o]en	
  
painful	
  and	
  difficult.	
  
	
  
VenusPharma	
  revolu:onizes	
  the	
  body-­‐care’s	
  world	
  
with	
  "Double	
  Effect”:	
  a	
  night	
  cream	
  developed	
  for	
  
nowadays’	
  women	
  which	
  are	
  commiXed	
  but	
  
careful	
  about	
  their	
  beauty.	
  While	
  they	
  are	
  
sleeping,	
  "Double	
  Effect",	
  hydrates	
  and	
  tones	
  their	
  
skin	
  and,	
  in	
  the	
  morning	
  a]er	
  the	
  shower,	
  returns	
  
a	
  perfectly	
  shaved	
  skin,	
  as	
  a]er	
  the	
  beau:cian.	
  
	
  
This	
  cream	
  combines	
  an	
  hydra:ng	
  and	
  a	
  toning	
  
ac:on	
  with	
  a	
  depilatory	
  effect	
  guaranteed	
  by	
  the	
  
lipophilic	
  and	
  hydrophilic	
  components.	
  
During	
  the	
  8	
  hours	
  cream	
  acts	
  into	
  the	
  hair	
  root,	
  by	
  
widening	
  the	
  pore	
  and	
  weakening	
  the	
  bulb.	
  The	
  
lipophilic	
  component	
  allows	
  the	
  cream	
  to	
  act	
  on	
  
women’	
  skin	
  without	
  greasiness	
  or	
  soiling	
  their	
  
clothes.	
  At	
  contact	
  with	
  water,	
  the	
  hydrophilic	
  
component,	
  ac:vate	
  the	
  principle	
  which	
  allows	
  the	
  
fall	
  of	
  the	
  hair	
  with	
  immediate	
  effect	
  and	
  painless.	
  	
  
	
  
"Double	
  Effect“	
  can	
  be	
  used	
  whenever	
  needed.	
  
Without	
  wai:ng	
  any	
  longer	
  for	
  hair	
  fresh-­‐growth	
  
but	
  keeping	
  a	
  smooth	
  and	
  hydrated	
  skin.	
  
	
  
VenusPharma	
  "Double	
  Effect"	
  new	
  cream	
  is	
  sold	
  in	
  
all	
  pharmacies	
  
	
  
A	
  new	
  era	
  for	
  women:	
  depilaIon	
  is	
  entering	
  the	
  
agreeable	
  side	
  of	
  body	
  care!	
  
	
  
The	
  product	
  would	
  fill	
  a	
  gap	
  in	
  the	
  market:	
  it	
  is	
  a	
  painless	
  and	
  
pleasant	
  method,	
  it	
  is	
  also	
  effecIve	
  and	
  provide	
  lasIng	
  results.	
  
	
  
Tested	
  in	
  a	
  focus	
  group,	
  it	
  arose	
  great	
  interest	
  and	
  enthusiasm:	
  
his	
  main	
  benefits	
  were	
  appreciated	
  and	
  perceived	
  favorably.	
  
	
  
A	
  quanItaIve	
  test	
  on	
  a	
  sample	
  of	
  155	
  women	
  revealed	
  the	
  following	
  data:	
  
•  Top	
  two	
  boxes:	
  51,6%	
  .If	
  we	
  include	
  hesitants,	
  the	
  percentage	
  rises	
  to	
  82,6%.	
  
•  The	
  overall	
  ra:ng	
  :5.25/7.	
  AXribute	
  "solves	
  the	
  problem	
  of	
  pain“:	
  6.15	
  /	
  7,	
  "uniqueness“:	
  5.35/7,	
  
"consistent	
  price	
  /	
  benefit“:	
  4,29/7	
  (with	
  a	
  proposed	
  price	
  of	
  38	
  €).	
  
	
  
•  From	
  our	
  research	
  we	
  have	
  figured	
  out	
  that	
  THE	
  GILLETTE	
  VENUS	
  BRAND	
  
can	
  NOT	
  rely	
  on	
  a	
  such	
  STRONG	
  AWARENESS.	
  This	
  is	
  certainly	
  a	
  weak	
  point	
  
when	
  thinking	
  about	
  an	
  extension	
  in	
  a	
  highly	
  regulated	
  market	
  such	
  as	
  
pharmaceu:cals.	
  
•  Venus	
  under	
  the	
  mother-­‐brand	
  GilleXe	
  has	
  a	
  very	
  strong	
  associa:on	
  with	
  
the	
  category	
  of	
  razors	
  and	
  with	
  tradi:onal	
  methods	
  of	
  hair	
  removal.	
  This	
  
might	
  lead	
  CONSUMER	
  CONFUSION	
  comparing	
  to	
  products	
  such	
  as	
  hair	
  
removal	
  classic	
  cream.	
  
•  This	
  product	
  would	
  be	
  a	
  breakthrough	
  and	
  for	
  this	
  reason	
  it	
  would	
  need	
  a	
  
long-­‐term	
  strategy.	
  This	
  should	
  include	
  the	
  CREATION	
  OF	
  A	
  NEW	
  BRAND,	
  
the	
  	
  coverage	
  of	
  new	
  distribu:on	
  channels	
  and	
  the	
  use	
  of	
  specific	
  media	
  
for	
  the	
  new	
  market.	
  
	
  
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Product innovation venus new product concept

  • 1.
  • 2. INDEX   Market  Trend  Analysis   Brand  Building:  Same  house,  different  sound   Purchasing  GilleBe  Venus   Venus  Prolong:  Built  to  compete  strong                                                       Venus  Prolong:  Shave  fast,  Enjoy  long   Venus  Prolong:  Strategy   Venus  Prolong:  Concept   Venus  Prolong:  MarkeIng  Mix   •  ComunicaIon   •  Price  and  DistribuIon   Venus  Prolong:  A.T.A.R.  model   Concept  Development   •  Methodology   •  What  women  want   •  InnovaIon  sources   Venus  Double  Effect:  Concept   Venus  Double  Effect:     A  great  idea…  Nevertheless   Venus  Prolong?  The  best  choice!   Pag.  3   Pag.  4   Pag.  5   Pag.  6   Pag.  7   Pag.  8   Pag.  9     Pag.  10   Pag.  12   Pag.  13       Pag.  14   Pag.  15   Pag.  16   Pag.  17     Pag.  18   Pag.  19      
  • 3.
  • 4. *  Source:  quan:ta:ve  survey  conducted  on  men   **source  qualita:ve  and  quan:ta:ve  surveys  conducted  on  women   •   Waxing  is  the  tom  among   women’s  methods,  followed  by   razor  and  depilatory  cream.       • Gille<e  is  the  most  recognized   brand  of  women’s  razors,   followed  by  Bic  and  Venus.     -­‐ men  perceive  Gille<e  and   Venus  as  the  same  brand     -­‐ or  that  they  have  seen  women   using  Gille<e  men's  razors.       Masculine…  Hairy…     Hasty…  Rude.       Women  associate  to  Gille<e  higher   professional  skills.     They  are  seldom  aware  that  Venus  belongs   to  Gille<e.       They  oHen  do  not  associate  to  Venus   products  the  same  quality  of  Gille<e  ones.  
  • 5.
  • 6. With  an  adequate  adver:sing  campaign  it’s   possible  to  persuade,  within  razor’s  users,   also  low  involved  and  price  sensi:ve  ones.     •  OpImisIc  forecast:  64.564.548  €   Italian  women      x          %  top  two  boxes      x      tried  given  aware      x      repeat  given  trial                                      (aged  15-­‐64)     •  PrudenIal  forecast:  12.736.811  €   N°  user  razor*      x          %  top  two  boxes      x      tried  given  aware      x      repeat  given  trial                                  (aged  15-­‐64)     (52%  purchase,     43%    probably  purchase)         (31%  purchase,  16%   probably  purchase)   *N°  Italian  women  (aged  15-­‐64)  x    %  razor  user  (coming  from  a  survey    on  300  women)       (52%  purchase,     43%    probably  purchase)         (31%  purchase,  16%   probably  purchase)   We  added  a  new  element  in  order  to  reduce   nega:ve  effects  of  this  method.  In  this  way,  our   product  would  fit  a  new  market  posi:oning,     becoming  a  direct  compe:tor  of  other  methods.    
  • 7.
  • 8. The  clusters  are  homogeneous  in  socio-­‐ demographical  paXerns.  Average  age  is  24   years  old  
  • 9. New  razor  "Venus  Prolong  ”,  featured  by  a  head   in  front  and  a  roll-­‐on  behind,  it  allows  you   shaving  painlessly,  effec:vely  and  immediately,   with  a  long-­‐las:ng  effect.     The  customized  4  blades-­‐head  and  the  moisturizing  strips,   provide  you  a  smooth,  close  and  a  completely  nick-­‐free  shave.       The  roll-­‐on  releases  exactly  the  amount  of  retardant  lo:on  you  need.    This   lo:on,  composed  by  natural  extracts  of  willow  and  by  the  salicylic  acid  is   contained  in  a  replaceable  cartridge,  placed  into  the  ergonomic,  so]  grip   handle.     Venus  Prolong"  incorporates  all  GilleXe  know  how  in  terms  of  innova:on   and  technology  and  provide  women  their  desired  depila:on  solu:on:   a  painless  shave  with  a  long  lasIng  effect.    
  • 10. Encourage  the  product’s  TRIAL  (short  term).     Concentrate  efforts  on  INFLUENCER  to   sImulate  word  of  mouth  and  persuade   also  women  that  usually  don’t  use  the   razor.  (long  term)   Focus  not  only  on  the  efficacy  of  the  product,   but  also  on  its  differen:a:ng  feature:     the  retardant  loIon.   This  in  order  to  clearly  define  the  main  benefits:     quickness,  convenience,  painless,     long-­‐lasIng  effects.       Reveal  gradually  the  claim  crea:ng  ever-­‐higher   expecta:ons.     Consumers  discover,  spot  by  spot,  the  reference   category,  the  brand  and  lastly  the  concrete   product  in  its  en:rety:  our  Venus  ProLong    
  • 11.
  • 12.
  • 13. We  generate  two   possible  scenery:      one  op:mis:c  and   another  more   pruden:al.       We  obtain  the   average  annual   expenditure  per   capita  and  the  units   sold  per  year.     Lacking  of  profit   margin,  we  did  not   make  use  of  this   model  to  es:mate   the  product’s  net   revenue.     19.966.847  Is  the  number  of   women  (16-­‐64  Years  old)     3.887.934  I  Is  the  number  of   women  x  %  of  razor’s  users    
  • 14.
  • 15.
  • 16.
  • 17. Keep  your  body  shaved  is  essen:al,  but  o]en   painful  and  difficult.     VenusPharma  revolu:onizes  the  body-­‐care’s  world   with  "Double  Effect”:  a  night  cream  developed  for   nowadays’  women  which  are  commiXed  but   careful  about  their  beauty.  While  they  are   sleeping,  "Double  Effect",  hydrates  and  tones  their   skin  and,  in  the  morning  a]er  the  shower,  returns   a  perfectly  shaved  skin,  as  a]er  the  beau:cian.     This  cream  combines  an  hydra:ng  and  a  toning   ac:on  with  a  depilatory  effect  guaranteed  by  the   lipophilic  and  hydrophilic  components.   During  the  8  hours  cream  acts  into  the  hair  root,  by   widening  the  pore  and  weakening  the  bulb.  The   lipophilic  component  allows  the  cream  to  act  on   women’  skin  without  greasiness  or  soiling  their   clothes.  At  contact  with  water,  the  hydrophilic   component,  ac:vate  the  principle  which  allows  the   fall  of  the  hair  with  immediate  effect  and  painless.       "Double  Effect“  can  be  used  whenever  needed.   Without  wai:ng  any  longer  for  hair  fresh-­‐growth   but  keeping  a  smooth  and  hydrated  skin.     VenusPharma  "Double  Effect"  new  cream  is  sold  in   all  pharmacies     A  new  era  for  women:  depilaIon  is  entering  the   agreeable  side  of  body  care!    
  • 18. The  product  would  fill  a  gap  in  the  market:  it  is  a  painless  and   pleasant  method,  it  is  also  effecIve  and  provide  lasIng  results.     Tested  in  a  focus  group,  it  arose  great  interest  and  enthusiasm:   his  main  benefits  were  appreciated  and  perceived  favorably.     A  quanItaIve  test  on  a  sample  of  155  women  revealed  the  following  data:   •  Top  two  boxes:  51,6%  .If  we  include  hesitants,  the  percentage  rises  to  82,6%.   •  The  overall  ra:ng  :5.25/7.  AXribute  "solves  the  problem  of  pain“:  6.15  /  7,  "uniqueness“:  5.35/7,   "consistent  price  /  benefit“:  4,29/7  (with  a  proposed  price  of  38  €).     •  From  our  research  we  have  figured  out  that  THE  GILLETTE  VENUS  BRAND   can  NOT  rely  on  a  such  STRONG  AWARENESS.  This  is  certainly  a  weak  point   when  thinking  about  an  extension  in  a  highly  regulated  market  such  as   pharmaceu:cals.   •  Venus  under  the  mother-­‐brand  GilleXe  has  a  very  strong  associa:on  with   the  category  of  razors  and  with  tradi:onal  methods  of  hair  removal.  This   might  lead  CONSUMER  CONFUSION  comparing  to  products  such  as  hair   removal  classic  cream.   •  This  product  would  be  a  breakthrough  and  for  this  reason  it  would  need  a   long-­‐term  strategy.  This  should  include  the  CREATION  OF  A  NEW  BRAND,   the    coverage  of  new  distribu:on  channels  and  the  use  of  specific  media   for  the  new  market.