Competition:
Competitors are such entities who are rivals in the market
or any organization, they always have a motive of walking ahead of the
entity/person against it. By overtaking them in terms of market share, audience
reach and various factors.
There is always a desire to be the “red cherry” of the
market, thought the product /service offered may be the same but the way of
projecting it in terms of packaging , branding , pricing , positioning may be
entirely different.
Direct Competition : When the
competition is in the same field with the same kind of product.
Indirect Competition : When the
competition is in terms of substitute available in the market for the product
in question.
Himalaya’s
competition :
The face wash market is filled with variety and variance.
Himalaya itself has a variance of face washes, which cater to different
problems.
The major threat to Himalaya in the market is 'clean and
clear foaming face wash' and 'safi' which offers more or less the same solution to acne
problems. Still Himalaya manages to maintain its market share by banking on its
herbal and ayurvedic properties, strong marketing strategy, affordability,
availability and most importantly excellent brand trust and loyalty.
No comments:
Post a Comment