We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Dove - Objectives of Marketing Plan & Pricing Strategy

Categories Marketing, Strategy

Essay, Pages 3 (612 words)



Essay, Pages 3 (612 words)

“Setting objectives for a marketing plan is not simple and straightforward matter. It is an iterative process whereby objectives are set, strategies and action plans are developed, and then it is decided whether the planned objectives are impossible, achievable or easy. Marketing objectives should be difficult, but they must be achievable. The aim is to set objectives that a challenge, but can be achieved with effort. They must be motivating rather than discouraging.” (Westwood, 2002). To be useful, the stated objectives should meet several criteria which are known as SMART objectives.

Don't waste time.

Get a verified writer to help you with Dove – Objectives of Marketing Plan & Pricing Strategy

HIRE verified writer

$35.80 for a 2-page paper

[Specific, Measurable, Achievable, Realistic, Timed] According to Marketingteacher.com (2012), the purposes of SMART objectives include:

To enable a company to control its marketing plan.

=To help to motivate individuals and teams to reach a common goal.

To provide an agreed, consistent focus for all functions of an organization.

Dove’s Marketing Objectives:

According to Marketingmixx.com (2012), Dove develops its marketing objectives very carefully as it is devoted to expand the definition of beauty for the reason that they believe real beauty comes from your inner self.

The Marketing Objectives of Dove are:

To increase sales by 40% in upcoming 1 year.
Providing a boost to its brand image.
Broaden the image as a beauty care provider
Increase the number of retail outlets selling dove products by 250 within 12 months


Price is the exchange value of a product or service, always expressed in terms of money. There are costs to produce and design a product, to distribute a product, and to promote. Price must support these elements of the mix.

Top writers

Bella Hamilton

shield Verified writer

starstarstarstarstar 5 (234)

Professor P

shield Verified writer

starstarstarstarstar 4.9 (345)

Prof Evander

shield Verified writer

starstarstarstarstar 4.8 (654)

HIRE verified writer

Pricing is difficult and must reflect supply relationship. Price is the only element of marking mixes which sales revenue. Price is a powerful marketing instrument. It is often the most flexible of the four marketing mix elements. “Price is a critical element in the marketing strategy of the industrial marketer and should always be viewed in the context of that marketing strategy. Price interacts with all other elements of the marketing mix to determine the effectiveness of each and of the whole. The objectives that guide pricing strategy should be a subset of the objectives that guide overall marketing strategy.

Thus, it is probably wrong to view price as an independent element of marketing strategy or to assert that price, by itself, is a central element in the marketing mix.” (Webster, 1979) In Dove, we use three types of strategies. Namely, Competition-based pricing, Product line, Product Bundle pricing. Competition-based pricing is setting a price in comparison with competitors. Surely a firm has three options and these are to price lower, price to same or price higher.

For example: Dove Damage Therapy Shampoo (700 ml) cost $11.70 versus Pantene Shampoo (700ml) cost $10.90 in FairPrice. Product line pricing is pricing different products within the same product range at different price points. For example: Dove Beauty Moisture Body Wash (1L) cost $9.75 versus Dove Firming Moisture Body Wash (1L) cost $10.70 in FairPrice. Product Bundle pricing means offering a group of related products at a combined low price, so as to get rid of slow moving products. For example, Dove charges $7.50 for a bottle of Dove Beauty Moisture Body Wash and $13.90 for a bundle of two bottles at CK Departmental Store.


Westwood, J., 2002, The Marketing Plan: A step-by-step Guide. 3rd ed., London, Kogan Page Limited, p 101. Teacher, M, 2012, SMART Objectives [online], England, Marketing Teacher, Available from: http://www.marketingteacher.com/lesson-store/lesson-objectives.html. [Last accessed 27th May 2012]. Seher, T., 2012, Marketing Plan of Dove [online], Marketing Mix, Available from: http://marketingmixx.com/marketing-plan-2/181-marketing-plan-of-dove.html [Last accessed 27th May 2012] Webster, F., 1979, Industrial Marketing Strategy, 3rd ed., Canada, John Wiley & Sons, Inc, p 190.

Cite this essay

Dove – Objectives of Marketing Plan & Pricing Strategy. (2016, Dec 23). Retrieved from https://studymoose.com/dove-objectives-of-marketing-plan-pricing-strategy-essay

Stay safe, stay original

It’s fast
It’s safe
check your essay for plagiarism

Not Finding What You Need?

Search for essay samples now


Your Answer is very helpful for Us
Thank you a lot!