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PRACTICES
PROJECT
MMS-I (SEM –II)
CHANAKYA BATCH
2008-09
SUBMITTED TO:
Ms. SEEMA AGARWAL
MARKETING PLAN FOR
CONSUMER DURABLE
GOODS
MARKETING APPLICATION &
PRACTICES
White goods
Brown Goods
Consumer
electronics
MARKET
GROWTH• One of the fastest
growing industries
in India.
• Industry sales - US$
4.5 billion in value,
in 2006-07.
• More than 7 million
units in volume
terms.
MARKET SHARE OF SALES OF
DIFFERENT CONSUMER DURABLE
GOODS IN INDIA
Projected Growth Rates
SAI durables
LOCATION-NEW D.N.
NAGAR,ANDHERI (W)
CONSTRUCTOR – VAIDEHI
CONSTRUCTIONS
SOCIETY – SAGAR SAHWAS
COLONY
DIVISIONS
AND
EMPLOYE
E
STRENGT
H
OWNER/PROPRIETOR
RECEPTION
BILLING
2 3 2 1 2
SUPERV. SUPERV. SUPERV. SUPERV. SUPERV.
SKILLED, TRAINED,
GOOD COMMUNICATION SKILLS
2
WATCHMEN
Working hours
10:00 am – 10:00 pm
7 Days
• Prime location.
• Easy installment
facilities.
• Availability of leading
brands.
• Continuous technological
upgradation.
• Additional facilities.
• Working Hours.
• “Value for Money”.
KIDDIZ CORNER
New entrant.
Relatively high cost
structure.
Competitors‘ better
facilities.
Lesser bargaining from
suppliers.
Less or no bargaining to
customers.
Infrastructural growth.
Potential customers.
Man Power.
Well established competitors.
Economic slowdown.
PEST
ANALYSIS
POLITICAL
ENVIRONMENT
• Legislation such as the
minimum wage or anti
discrimination laws.
• Voluntary codes and
practices.
• Market regulations.
• Trade agreements,
tariffs or restrictions.
• Tax levies and tax
breaks.
Contd......
•
Parking space –problem with M.P. – Ms. Priya Dutt
•
Elections – 2009.
Government Policies -
•
Tax policies
•
Customs Duty -
•
VALUE ADDED TAX
•
Municipalities levy tax on real estate
•
Octroi
ECONOMICAL
ENVIRONMENT
India
second fastest growing
economy in the world.
•
Liberal, open economy.
•
7 % Economic future Growth.
•
Market conditions.
•
Decline in foreign exchange
reserves, both IT and real estate.
•
High disposable income
SOCIAL ENVIRONMENT
Family, friends, colleagues, neighbours,
media & their attitudes, interests and
opinions.
Younger population growing fast
•
Shopping: as a recreation
•
Cultural habits changing
–Acquiring Western look
–Changing attitudes
–Increasing awareness and spending on
grooming and lifestyle
Contd…..
•
Competitive salaries.
•
Middle class dwelling revamped.
•
Modern conveniences natural and normal.
–Hectic lifestyles and increasing disposable
incomes leading to increasing convenience
sought.
•
Convenience factors (working women, time-
saving products).
•
Higher end products increasingly becoming
status symbols.
TECHNOLOGICAL
ENVIRONMENT
Internet and other
information exchange
systems including telephone.
CCTV Cameras.
Software.
Quality products with
superior technology.
Technology up gradation.
Contd………….
• Going for higher end
products.
• Spread of cable and
satellite television.
• Low power
consumption, low
service requirement,
low cost of
operation, etc.
Customer
analysis
CUSTOMER
ANALYSIS
• Population .
• Segmentation.
• Value drivers.
• Concentration of customer
for particular product.
Competitor
analysis
COMPETITOR
ANALYSIS
• CROMA
- Tata group
- Well established
- High market share
- Middle class do not prefer
Contd……….
• ALPHA
- Low price for
products.
- High demand among
customers.
- Customers do not
purchase high
investment goods.
Financial
plans
BUDGET
➲
Initial Investment – Rs. 30Cr
which includes-
➲
Start up expenses – Legal,
Stationary, Consultants
(Lawyers, Real Estate Agents
etc.), Advertising, Furniture
and Fittings.
➲
Advance Deposit for Rented
Show-Room – Rs.50 Lakh.
➲
Rent @ Rs. 10 Lakh per
Month.
SOURCES OF FUNDS
•
Loan from SBI Bank – Rs. 25
Cr.
•
Proprietor’s Fund – Rs. 5 Cr.
•
Interest Rate – 9 %
•
Term Period – 72 months
SALES FORECAST
SALES 1ST 2ND 3RD 4TH 5TH
YEAR YEAR YEAR YEAR YEAR
1ST 6 200 290 420 600 800
MONTH
S
Training sales people.
•
Suggestion to customers.
•
Knowledge about the product.
•
After sale service.
•
Feedback from customers for
•
improvement.
PROJECTION
S FUTURE ASPECTS
SHORT - TERM
• Construction of new
housing societies.
• Stationary Section.
• Customers of Very High
Income Group – On the
way to Lokhandwala and
Seven Bunglows.
.
LONG-TERM
• Establish itself
against competitors.
• Franchises beyond
Mumbai.
CONCLUSI
ON
WEBLIOGRAPHY
• www.google.com
• www.sbi.com