NIVEA has developed its marketing plan to relaunch its new products. It’s obvious that no marketing plan is completed without evaluation. The final stage in the marketing plan is to measure the outcomes of the marketing activities against the original objectives and targets. Continuous evaluation can help the company focus on modifying or introducing new activities to achieve objectives.
NIVEA FOR MEN adopted a range of key performance indicators to evaluate the success of the NIVEA FOR MEN relaunch in the UK. It looked at market share, overall sales, brand image, and product innovation.
For Market share, NIVEA FOR MEN is market leader in many countries and is consistently gaining additional market share. About overall sales, NIVEA FOR MEN skincare products grew by almost 20 percent internationally. Its brand image is very successful because the line was named the Best Skincare Range winner in the FHM Grooming Award, as voted for by consumers. About product innovation, NIVEA FOR MEN listened to customer feedback and added products to its line and reformulated existing products.
These results show that, in the UK, the NIVEA FOR MEN re-launch met its overall targets, marketing plan for the re-launch used past performance and forecast data to create a new marketing strategy. This help creating the brand and company’s strengths to take advantage of the increasing change of male attitudes to using skincare products.