Explaining Unilever's business strategy, Manwani said, "Our consumers
are diverse. There are 300 million affluent consumers, 1.2 billion aspiring and
3.2 billion striving. Unilever's international competitors work on the affluent
consumers, who are on top of the pyramid, whereas our local competitors work the
striving class at the bottom of the pyramid. Our strategy is to work the pyramid,
which comprises the affluent, aspiring and striving people. We aim to leverage
the full potential of the community and consumers in the market," he added.
Throwing light on the company's strategy to target the aspiring and the striving
class, Manwani spoke about the affordable sachets of shampoos, detergent, oil,
toothpaste, fairness cream, tea bags and margarine that Unilever came out with.
"These were an instant hit the people who could never afford to buy the bottles.
The biggest challenge is to create a business model to go to the bottom of the
pyramid and at the same time make money," he said. He also went
on to talk about HLL's Project Shakti, which was aimed at empowering women in
the village. "Project Shakti has generated employment while at the same time
it has helped us sell and market our brands in villages. The aim for 2010 is for
us to have 100,000 Shakti ammas spread across 500,000 villages in India,"
Manwani said. |