New IJM now accepts submissions exclusively via the Editorial Scholar portal — a dedicated submission & review system.
Go to Editorial Scholar →
Associated Management Consultants Pvt. Ltd. | COPE Member · ID: JM07589
Scopus Q3 UGC-CARE ABDC: C |
Indian Journal of Marketing logo

Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

Shifting Consumer Attitudes and Willingness to Pay for Premium Products — The Case of Unibic Cookies

Akshat Jain1Prateek Jain2

1 Research Scholar, Indian Institute of Management Indore, Prabandh Shikhar, Rau-Pithampur Rd, Indore - 453 556, Madhya Pradesh

2 Associate Professor, Birla Institute of Management Technology (BIMTECH), Plot No. 5, Knowledge Park 2, Greater Noida - 201 306, Uttar Pradesh

Volume 54
Issue 3
Pages 8–25
Year 2024
Received: Jan. 5, 2024 Accepted: Feb. 20, 2024 Published: March 1, 2024
Abstract

Purpose: The objective of this business case was to study and analyze how a new entrant could succeed in a highly competitive industry. The case described the various strategies undertaken by Unibic Foods India Pvt. Ltd. (Unibic) to create and strengthen its position in the highly competitive Indian biscuit industry.

Methodology: A detailed analysis of various aspects of Unibic’s business was carried out, including its financial data. The early history of Unibic Foods India Pvt. Ltd. was studied, followed by the analysis of quality-based positioning utilized by Unibic to enter the niche premium cookie segment. A detailed study was done about Unibic’s marketing and promotional strategies. Aspects like Unibic’s key management personnel, product development and advertising strategies, and financial position were also analyzed in depth.

Findings: This case highlighted the various techniques deployed by Unibic to enter and succeed successfully in the highly competitive Indian biscuit industry. It helped in decoding the different strategies a new market entrant can deploy to succeed. It also provided insights into the major challenges a new company faces and how it should deal with them.Practical

Implications: Entering a new market in a highly competitive industry could be challenging for a new entrant. This business case identified and analyzed strategies Unibic employed to enter and succeed in a highly competitive sector fraught with heavy competitors. The lessons from this business case could help new companies and businesses enter and succeed in competitive markets. The case imparted valuable learning on various aspects of marketing, strategy, and entrepreneurship to the learners.

Originality: Each industry has its own unique challenges and level of competition. This business case analyzed an industry through a detailed study of a player, resulting in many useful findings about the industry and the players.

Keywords Marketing New Product Development Strategy Brand Strategy Market Entry
How to Cite

Akshat Jain, Prateek Jain (2024). Shifting Consumer Attitudes and Willingness to Pay for Premium Products — The Case of Unibic Cookies. Indian Journal of Marketing, 54(3), 8–25. https://doi.org/10.17010/ijom/2024/v54/i3/173566

References
  1. Anandan, C., Raj, M. P. M., & Madhu, S. (2006). A study on brand preferences of washing soaps in rural areas. Indian Journal of Marketing, 37(3). https://www.geosocindia.org/index.php/ijom/article/view/38400
  2. Banerjee, N., Dutta, A., & Dasgupta, T. (2010). A study on customers' attitude towards online shopping - An Indian perspective. Indian Journal of Marketing, 40(11), 36–42. https://www.indianjournalofentrepreneurship.com/index.php/ijom/article/view/37374
  3. Kulshrestha, D., Tiwari, M. K., Shalender, K., & Sharma, S. (2022). Consumer acatalepsy towards buying behaviour for need-based goods for sustainability during the COVID-19 pandemic. Indian Journal of Marketing, 52(10), 50–63. https://doi.org/10.17010/ijom/2022/v52/i10/172347
  4. Kulshrestha, T. (2013, June 22). The cookie trail. Outlook Business. https://www.outlookbusiness.com/strategy-4/feature-17/the-cookie-trail-337
  5. Mishra. (2017). Unibic how it all began. https://discoverfoodtech.com/Unibic-how-it-all-began/
  6. Panda, R., Swar, B. N., & Mukerjee, K. (2014). Factors affecting brand trust: An exploratory investigation among Indian retail consumers. Indian Journal of Marketing, 44(7), 7–17. https://doi.org/10.17010/ijom/2014/v44/i7/80362
  7. Unibic Cookies. (2016). India's most loved cookies, enjoyed across the world. https://unibicfoods.com/wp-content/uploads/2022/12/Gulfood-2020_12Page_Brochure_A4-1.pdf
  8. Unibic urges 'self-care' in new campaign. (2020, October 28). Brand Equity.com https://brandequity.economictimes.indiatimes.com/news/marketing/unibics-urges-self-care-in-new-campaign/78906022
  9. Yadav, M. (2017). Social media as a marketing tool: Opportunities and challenges. Indian Journal of Marketing, 47(3), 16–28. https://doi.org/10.17010/ijom/2017/v47/i3/111420
Editorial Scholar

Submit your Research to IJM

Submit your Manuscript → Author Guidelines