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Company:
RahimAfrooz
New product:
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Submitted To:
Submitted By:
Group REFLECTIONS
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LETTER OF TRANSMITTAL
Dhanmondi, Dhaka.
Madam,
We have the honor to state that, we are the member of ‘Reflections’ group have
prepared this ‘Marketing Plan’ on Rahimafrooz company’s new product line as AC
as a course requirement of your course ‘Marketing Management’. We are requesting
you to receive the report.
We have done our level best to complete the report with our little experience and
knowledge. We are apologizing for any kinds of errors and mistakes. We will be
delighted to clarify any queries regarding the report.
Yours faithfully
Signature
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TABLE OF CONTENT
Topics Page
no.
Executive summery 7
Part1
Current Market Situation : 8-11
1.1 Sales
1.2 Channel
1.3 Forces of Macro Environment
Part2
New Product Development: 12-14
2.1 Idea Generation
2.2 Idea screening
2.3 Concept Development And Testing
2.4 Marketing Strategy Development
2.5 Financial Analysis
2.6 Product Development
2.7 Commercialization
Part3
Opportunity And Issue Analysis: 15-17
3.1 SWOT analysis
Part5
Marketing Strategy: 18-24
4.1 Segmentation
4.2 Targeting
4.3 Positioning
4.4 Pricing
4.5 Distribution
4.6 Marketing communication (promotional tools)
4.7 Marketing research
Part5 25-27
Financial Projection:
6.1 Revenue and Expense Side 5
5
Part6
Action Programs : 29-29
1. What will be done?
5.2 When will be done?
5.3 who will do it?
5.4 How will progress be measured?
Part7
Implementation control: 30-31
6
EXECUTIVE SUMMERY
RAHIMAFROOZ SUPER COOL AIR CONDITIONER :
Rahimafrooz operates in three broad domains: automotive aftermarket, power and energy, and
retail chain. It sells tyres, batteries, lubricants, emergency power products, diesel as well as gas
generators, lighting products, electrical accessories, solar systems, energy solutions using
compressed natural gas, and power rectifiers.
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Part— 1
Situation
analysis
8
Current Marketing Situation
Sales :
Distribution Channels:
Macro environment:
Legal situation:
Legal situation means the rules and laws of a country. This situation
influences each and every business sector. The legal threats will be-
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Government’s regulation: Sometimes government ban importing and
exporting some products, which affect the business firms.
Economical situation:
The economical threat which will influenced our business sector –
Political situation:
Political situation is another important macro-environment factor that
influences the investment of business.
Ecological situation:
It is the geographical environment, which has a great effect on the business.
1 Earthquake.
2 Drought.
3 Flood.
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4 Cyclone
5 Famine
Our country is a tropical country and also surrounded by rivers. Almost every
year flood occurs in our country. In the time of flood the transportation and
communication systems are hampered. So considering the situation we
increase or lower the supply and also we store as the situation demand.
Technological situation:
We use both traditional and modern technology to produce our product, for
the advertising and for keeping the records.
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Part— 2
New Product
Development
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NEW PRODUCT DEVELOPMENT
2.1 Idea Generation: New product ideas can come from interacting with
various groups and from using creativity greeting techniques. There are
many successes. Where the new product ideas come, such as: scientists,
competitors, employees, channel member and top management.
Rahimafrooz came to this new idea because of extending their product line.
2.2 Idea screening: This is where the idea is taken into standard format
and we verified for technical and financial viability and market ability. This
concept is an Air condition which has the ability to give the service properly.
When load shedding will happen it will give service one hour perfectly. This
might sure not be easy to produce with the existing technology we have
now. So the product should be technically tested to see whether they are
financially in a good position to invest and them how the technology
supports the new idea.
In this stage all the concept and ideas are placed with other similar concepts.
Here the chosen idea is tasted whether it take actual form or not.
At this stage among various marketing strategies the most effective strategy
is taken for better marketing forces. Here Rahimafrooz will take competitive
marketing strategy.
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Here it is analyzed whether the taken concept matches the company’s cost,
sales and profit or not. This match can be seen after the financial forecast.
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2.6 Product development:
Here the product is given actual shape to see that whether the concept
of the product can be given the projected form or not.
2.7 Commercialization:
This is where we go to the full length of the product. Here the decision to
launch the product is taken and the 7p’s of marketing is applied. When,
where, to whom, how etc..... like of Rahimafrooz make Air Conditioner a
reality also the product will be targeted for the higher middle class prospects
due to estimated higher medium cost of production.
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Part— 3
Opportunity and
Issue Analysis
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OPPORTUNITY AND ISSUE ANALYSIS
SWOT analysis:
Strengths:
Huge capital.
Efficient management.
Weaknesses:
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The used technology is as average one.
Limited resource
Opportunities:
Threats:
Potential competitors.
Natural disaster.
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Competitor’s given facilities to the customer.
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Part— 4
Marketing
Strategy
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MARKETING STRATEGY
In our marketing plan we will segment our customer market in the following
ways—
Geographic:
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Demographic:
• Age
• Income level
• Combined working family
• Occupation
Psychographic:
• Social class
• Lifestyle
• Personality
Behavioral:
• Benefits
• User status
• Attitude toward product
Loyalty segments:
Point
4.2 Targeting:
22
The target marketing is the part of the qualified available market the
company decides to peruse. The company much decides to concentrate its
marketing and distribution effort. The company will end up selling to a
certain number of buyers/ users/ customers in its target markets.
4.3 Positioning:-
There are some requirements how we capture the customer value. These are
given below:
i) By proper offerings.
ii) To show the importance of the product.
iii) By preemptive and then other competitors can`t copy this product and
its services.
iv) By creating product superior valve.
v) By advertising
vi) To know about the customary satisfaction.
vii) To deliver the better service.
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Target
Company and Value
custom Benefits Price
product proposition
er
In Summer
people full A good quality.
Rahimafrooz cool. when
The The higher
Company load
higher 20% medium price.
Limited. shedding
middle premiu
will happen, Delivered to the
Product: Air class m
this product customer door
people
conditioner will give with 30 minutes
service one of ordering
hour
4.4 Pricing:
Price is the amount of money customer wish to pay to obtain the product.
Necessary strategies pertain to the locations of customer price flexibility
related item within a product line and terms of ale.
3. We many use going rate pricing that means, our company charge the
same, more or less than major competitors.
4. We product our product within and outside the Dhaka. That’s why, we
decide geographical pricing that means we select price to the customers in
the different location.
4.5 Distribution:
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Under distribution system, we decide sometimes we distribute the Air
condition directly to the customer at a moderate price. Sometime we
distribute air conditioner to the customer to the different intermediaries such
as wholesaler, distributor and retailers.
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Consumer Marketing:
Wholesaler Wholesaler
Retailer
Customer Customer
Industrial
Marketing: Distributor
Retailer
Customer
Retailer
O level 1 Level Customer
2 Level 3
Level
Manufacture Manufacture
representativ representativ
e e
Industrial
Distributor
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4.6 Marketing communication:
Warranty
Low interest load facility
Langue payment term
Cash discount
After sales service
Sales forces
Public relations
Direct marketing
Sales promotion
Both differs from the old and is better for the business. When conducting
market research a business must first define the problem and then gather
the appropriate information a business can gather to solve it problems these
are given below:
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Rahimafrooz through its market research has addressed all three types of
research to define the problem raised by shareholder are gathered
information to serve their needs.
Part— 4
Action
Program
28
Part— 5
Financial
Part— 5
Projection
Financial
Projection
29
Financial Projection:
Revenue side:
Financial 2010 2011 2012
Year
1 ton 1.5 ton 1ton 1.5ton 1 ton 1.5 ton
Price per 42000 52000 42000 52000 42000 52000
Unit
Sales 650 300 1000 500 1400 600
Volume
Sales 27300000 15600000 42000000 26000000 58800000 31200000
Revenues
30
31
Part— 6
Action Program
32
ACTION PROGRAMS
33
Part— 7
Implementati
on And
Control
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Implementation and Control:
In this stage we show how we implement the plan. We want a very smooth start of
our product in the market. As it is a new product and it has a very complex process
for Rahimafrooz so we need to provide or create many promotional and creative
campaign.
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