Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Segment A Segment B Approx. 5 million Households Pan India Approx. 08 Million Males Households Income - 8-10 Lakh Per year 40 % married remaining

Segment A

Segment B

Approx. 5 million Households Pan India

Approx. 08 Million Males

Households Income - 8-10 Lakh Per year

40 % married remaining single

Average Family Size - 4-6 members

Average income - 12 Lakh per year

Residents of Tier 2 and Tier 3 cities

70% working, 30% self employed

All have 2 wheelers

Average Age - 27 years, median age- 25 years

40% have 4 wheelers as well

Educated up to Post graduate level

All have TV and active DTH connection

35% have technical Background

Have min 2 mobile smart phones

Average experience is about 04 years

Noon/daytime is for soap operas and evening for news

Ambitious and high aspirations

Politics and local issues excites them

Work for almost 12 hours on average

Driven by social security, spend quality social time

Weekend times are spend with friends

60% are active morning/evening walkers

Like to visit bars/caf/food joint etc.

Concerned about future

Big consumers of OTT platform.

Education for children is key priority

48% are staying away from their family

More traditional in approach and risk averse

High Patronage towards online shopping and Online Food Partners.

Excited about Bollywood movies and festivities

52% have cars, rest rely more on Ola/Uber

Not very ambitious and satisfied with their current state

Active vacation planners/users.

Located in cities Like Mumbai, Delhi NCR, Hyderabad, Pune, Bangalore, Chennai and other prominent metros

Segment C

Segment D

Approx. 10 million Households

Approx. 02 Million Females

Households Income - 5-8 Lakh Per year

80 % married remaining single

Average Family Size - 4-6 members

Average income individual/household - 18 Lakh per year

Residents of Rural India and living in 04 Lakh Villages across various States

70% housewife, 30% working

70% have electricity access for more than 8 hours a day

Average Age - 40 years, median age- 35 years

30% have bikes, all have bicycles

Educated up to Graduate (40%) Post graduate level remaining

All have Radio and 40% have television

15% have technical Background.

40% have smart phones and another 30% have feature phones

Average experience is about 12 years

They largely watch free to air channels

30% love to cook and try new recipes

Regular visitors of Haats and Melas

Working women engaged almost 10 hours on average

60% dependent on Agriculture directly

Weekend times are spend with kids and family

70% have a bank account.

60% Have 2 kids less than 10 years of age.

Look for alternative sources of income.

20% love gardening, 15% driven by fashion.

35% educated up-to Class 12.

40% are staying in nuclear families.

Love social gathering and are socially very active.

High Patronage towards online shopping and are deal lovers.

Decisions related to family are largely taken by Male members.

75% of them have some early signs of health ailments like arthritis, BP, obesity, diabetes are at high risk

Majority of these villages have Primary School and a Primary Health Center (PHC)

10% love to dance, 15% active as morning walkers or gym lovers

Residents of Uttar Pradesh only

Table No: 1 Information related to available 4 segments

Product 1

Product 2

Product 3

Product 4

Product 5

Smart Watch

Club Holidays Package

Protein Drink

Term Insurance Policy

Zumba Classes

Product 6

Product 7

Product 8

Product 9

Product 10

Edible Oil

Online Fashion Apparel Portal

Sanitary Napkin

Skin Nourishment Cream

Food Processor

Table No: 2 Available Products to choose from

Based on information given in Table 1 and Table 2, kindly proceed as follows:

  1. From Table 1, which contains information about 4 segments, select 1 segment of your choice.
  2. From Table 2, which contains names of 10 product , select 1 product of your choice.

For example, you may choose Segment 1 and Food processor or Segment 1 and Edible oil. You are free to choose any 1 segment and any 1 product

Once you have selected the segment and product. Answer following questions:

Q. No 1: Identify 3 competitors of product chosen (through internet) and prepare list of Point of parity and differences? Collect all relevant information needed to launch a new brand? (08 Marks)

Q. No: 2: Suggest applicable brand elements for the new brand? (04 marks)

Q. No: 3: Comment on Brand Identity and marketing mix as suited? How a strong brand may be created in chosen scenario? (08 Marks)

Q: No: 4: How you will communicate the offering to the chosen target segment? (04 Marks)

Q: No: 5: Suggest some measures/initiatives through which you will create a strong engagement with chosen target segment? (06 marks)

Q: No: 6: Suggest some measurement points once the brand is launched. Create a plan of research for next 5 years? Discuss techniques to be used, information to be collected and all such nuances involved? (10 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management In The Hospitality Industry

Authors: Michael D Olsen, Joseph J West

3rd Edition

129202741X, 978-1292027418

More Books

Students also viewed these General Management questions

Question

What is the Easterlin Paradox?

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago