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Final Report CB

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    Acknowledgment

    Deepest thanks and gratitude to Almighty ALLAH, the most merciful, the most

    beneficent and source of all knowledge and wisdom who enabled us and gave

    strength to complete this final project.

    We extend our deepest gratitude and profound regards to Sir Ali Moazam who

    remain a source of inspiration, motivation and stimulation for us. Esteemed

    appreciation and recognition to our colleagues, students from different universities

    for their support and encouragement throughout this Endeavour.

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    Executive summary

    Everyone loves to listen to music. Especially youngster they have a craze for

    music no matter what kind of music it is. Age doesnt matter, but now that time

    has come that when even infants listen to music they start moving with the beat.

    Some people are true lovers of music for them music is a life line without which

    they cannot survive. Music is also a source of relaxation for many people i.e. when

    they are tense they prefer listening to music to get relaxed. Now music can be

    listened through different channels and devices thats why there has been a boom

    in the music industry not only across the country but worldwide. Many youngsters

    love to listen to music while travelling, at home or in universities, in short they

    love to listen to music on the go for this reason they opt for different portable

    devices which enables them to listen to their favorite songs right there and then.

    Many famous companies have come up with such devices commonly known as

    Mp3 players which cater for such needs. About 10 years ago a new phenomenon

    was introduced by a very famous company (Apple) which is known as I-pod. This

    device is now a days considered as the benchmark for other Mp3 players. Mp3

    players cannot be matched with I-pod but yet they have their own credibility as

    most consider other mp3 players as me too product. Mostly mp3 players are made

    accordingly to western markets and cater for their needs. As there are no such

    Mp3 players which cater for the Pakistani market, keeping this opportunity in

    mind, we are coming up with the first ever Pakistani brand of Mp3 players named

    as ROCKER and PIXEL made by Jetsons.

    As we know about the competitive world we are living in let us compete our

    products with APPLE products. ROCKER is going to compete with nano I-podwhile PIXEL will compete with I-pod shuffle. The differences in features and

    quality of Jetsons products make them stand out from Apples products.

    As our brand has a direct competition from Apple I-pod, we also have to compete

    for market share with our indirect competitors like sony walkman, Panasonic,

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    Xing Xang etc. As we are the pioneers in Mp3 players made in Pakistan. Our

    brand will be the first of its kind in the Pakistani market specializing in the Mp3

    players therefore it will be the trend setter rather than being a trend follower. We

    will be bringing continuous innovations to the products sold which will be the keyto sustain the competitive advantage since it wont be easily duplicated,

    substituted or imitated.

    Our target market will include the youngsters between the age of 15 to 25 living in

    the areas of F-6, F-7, F-10, F-11, G-10 G-9, I-9, I-8, Commercial, Saddar in

    Islamabad and Rawalpindi, both male and female having a minimum house hold

    income of more than PKR 20,000 and belonging to the middle, upper-middle and

    upper classes. The size of the target market is 0.08 million.

    The pricing strategy that Jetsons will be adopting is competitive pricing. We

    will be making use of both pull and push marketing. Pull in the form of

    advertisement, sales promotional campaigns and direct marketing; and push in the

    form of public relations. The promotional mix will include advertisement, public

    relations, sales promotion, direct marketing. Our total marketing budget will be

    PKR 20 Million.

    To monitor and control the actions in order to implement the marketing plan,

    every possible step is taken in order to ensure A Strong Brand with A Strong

    Following.

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    VISION STATEMENT:

    To stand out as a team with passion, for creating the best customer experience

    professionally while delighting our customers whom we consider as our essence

    MARKETING OBJECTIVES:

    The marketing objectives of Jetsons are:

    1. To get awareness of 50% of our target market at the end of the 1 st Quarter

    of 2011.

    2. To achieve 80% of the sales target at the end of 2010.

    3. To keep marketing costs fewer than 50% of the total costs.

    4. To run marketing promotions to achieve maximum sale in the first year of

    launch.

    5. Inform target audience about features and benefits of our product and itscompetitive advantage, leading to a 10 percent increase in sales in one year.

    6. Decrease or remove potential customers' resistance to buying our product.

    CONCEPT TESTING:

    To test the concept of Jetsons products, a questionnaire consisting of twenty-six

    questions was distributed among 100 people studying in various schools, colleges,

    and universities, and also amongst youngsters in markets like Super market F-6,

    Jinnah Super F-7, F-10 Market Islamabad, Saddar, and also in Commercial

    market Rawalpindi. It was made sure that questionnaires were distributed to

    people lying between 15-25 years of age.

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    The result of questionnaire shows that there is a demand for a new mp3 player that

    covers up all the flaws of other existing mp3 player in the market in the market

    with a sample of 70% approving the concept while the other 30% disapproved it.

    The following points were highlighted after the data was collected from thequestionnaire:

    Target market were excited about the idea

    People between 15 to 20 ages were more enthusiastic about the product as

    compared to people ranging from 20+ to 25.

    Males as well as females were equally eager about buying our product.

    Males had a higher percentage of approval for a new mp3 player as

    compared to females

    Most of the people wanted to buy Pixel and Rocker because people wanted

    the experience of trying out a better product than that which already existed

    in the market.

    The maximum price for a new mp3 player that majority of people are

    willing to pay was Rs. 3000 or less.

    It was observed that on average people purchased get an mp3 once after

    every 3 years.

    These are the two major reasons that the customers chose to buy a new mp3

    player : user-friendly experience and new improved features

    All these observations were taken into account in devising the marketing plan for

    the questionnaire used is as follows:

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    QUESTIONAIRE FOR A NEW MP3

    Name: __________________________ Age________________ Male/Female

    City of Residence: 1 Rawalpindi2 Islamabad

    1 Can you please tell me how much money do you save after your monthly expenses from your

    pocket money or income

    1) 0- 100 Rs2) 101-500 Rs

    3) 501-1000 Rs

    4) 1001-2000 Rs

    5) 2001-5000 Rs

    6) 5001-10,000 Rs

    7) More than 10,000

    2 Do you listen to Music?

    Yes 1 Goto 3

    No 2 Terminate Interview

    3 When do you normally listen to music? (Multiple response possible)

    Driving or travelling to university 1

    At the Campus 2

    Going back home 3At home 4

    While studying 5Going to exercise 6

    Any other______________________________________

    4 How long do you listen to music every day approximately?

    Less than half an hour 1Between hour to two hours 2

    2 to 3 hours a day 33 to 5 hours a day 4

    More than that 5

    5 Normally on which device do you listen to music?

    Your Cell Phone 1

    Car Audio 2

    Music system at home 3

    Your MP3 Player 4

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    *Only 2 pages of the questionnaire are given here for reference reasons.

    SEGMENTATION:

    We understand that we cannot be all the things to all the people all the time.

    Customers and markets are too complex and diverse for a single marketing

    formula to adequately address the needs of all. We will be dividing the market into

    segments and then focus our strategies on those segments.

    We are concerned with technology industry, thus its the major segment of the

    market that we are dealing in. We have divided the market using the Geographic,

    Demographic, Psychographic and Behavioral segmentation variables:

    VARIABLE BREAKDOWNS

    Demographic Segmentation

    Age

    Gender

    Marital status

    Occupation

    Income/Pocket Money savings

    15 20 years

    21 - 25 years

    Male

    Female

    Single

    StudentsProfessionals

    Rs 0-100 43 %

    Rs 101- 500 27 %

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    Geographic Segmentation

    City

    Areas

    Islamabad & Rawalpindi

    F-6, F-7, F-10, F-11, G-10

    G-9, I-9, I-8, Commercial, Saddar

    Psychographic Segmentation

    Activities Studying in colleges and universities.

    Working part time or doing internships.

    Spending time with friends

    Listen to radio

    Watching TV/ Movies

    Eating fast foodBehavioral Segmentation

    Socio Cultural Segmentation

    Social Class

    Culture

    Benefit Sought( user friendly, fun)

    Middle Class

    Upper Middle Class

    Upper Class

    All cultures

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    Analysis of the Segments:

    DEMOGRAPHIC SEGMENTATION:

    According to the questionnaires data collections our target market is people

    between ages of 15- 25 both males and females. They are generally single either

    getting their higher education or working, of which 70% peoples income/ pocket

    money savings lie between Rs.0- Rs.500.

    GEOGRAPHIC SEGMENTATION:

    We have conducted the research only in the capital city and its twin adjoining city

    i.e. Islamabad and Rawalpindi as we will launch our product in these two cities in

    the start. In the markets of F-6, F-7, F-10, F-11, G-10, G-9, I-9, I-8, Commercial

    market and Saddar, we conducted our research and will place our product in these

    areas too.

    PSYCHOGRAPHIC SEGEMENTATTION:

    Psychographic segmentation depends on the lifestyle of the target market. Our

    target market is made up of youngsters who are energetic and mostly want to have

    fun. Youngsters take interest in activities like studying, working, playing sports,

    hanging with friends, eating fast food watching movies and TV programs mostly

    related to music and songs. For songs 28% listened to radio and the rest 72%

    downloaded their own music.73% of the sample listened to radio while remaining

    27% did not listen to radio.65% of our sample said that they liked to surf on net,

    play sports, and hang out with friends. Other 35% said they went to gym/exercise,chat online, or played games.94 % watched TV.

    38% said they used social relationship websites like Orkut/facebook.28% said they

    used Google and the rest 28% used yahoo and hotmail.

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    BEHAVIORAL SEGEMNTATION:

    Behavioral segmentation relies on the benefit that is sought by using Pixel and

    Rocker is its user-friendliness and it being fun to use.

    SOCIO CULTURAL SEGMENTATION:

    Our target market lies in middle class, upper middle class and upper class as 72%

    of the population is willing to pay Rs. 0 Rs. 3000 for a new mp3 player. Our

    product is non- biased and non-racist so it can be used by people belonging from

    all cultures.

    TARGET MARKET:

    Our target market will include the following segments from geographic,

    demographic, psychographic and behavioral segmentation:

    Geographic: We are targeting the people living in the areas of F-6, F-7, F-10, F-

    11, G-10 G-9, I-9, I-8, Commercial, Saddar in Islamabad and Rawalpindi.

    Demographic: We are targeting the youngsters who are in age bracket of 15 to 25,

    belonging to either gender. Mostly these individual are who have a monthly

    income of 25000 with savings of around 2000 to 5000 and 6000 to 10000 as our

    products are targeting two major market segments.

    Psychographic: We are targeting people who love to take listen to music and share

    this interest with their friends, belonging to the middle, upper-middle and upper

    classes. We also target the people who live busy lives and like to have their music

    with them on the go have a fast lifestyle and want their music while they are busy

    with their everyday work.

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    Behavioral: We are targeting people who like to stay up to date with the latest

    fashion trends and they want to follow the latest fashion as well. We are also

    targeting the teenagers who are experimenting with their lives and building their

    taste for musicSize of Target Market:

    Target Market with respect to buying power:

    Rocker: 20,504

    Pixel: 49,582

    Population 15 to 25:

    1.6 million

    Total Population Islamabad and

    Rawalpindi:

    2.8 Million

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    MARKET POSITIONING:

    We position Rocker and Pixel on the basis of its competitive advantage in-terms

    of service attributes, differentiation and activities. Therefore we Jetsons positions

    itself as the pioneer in Mp3 players in Pakistan and provide the best musical

    experience to its customers and provide efficient customer oriented services all

    under one roof.

    Our Value Proposition is providing

    More for Less.

    Here is the slogan of Jetsons which says it all:

    Music and FunAll in 1

    PERCEPTUAL MAP:

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    The diagram explains the position of Jetsons and its competitors in the market

    based on a comparison between price and quality. As evident from the graph,Jetson and Apple I-pod provide high quality in return of high price. Xing Xang

    provides moderate quality for moderate price. The location of Jetson on the

    perceptual map supports our value proposition as well which is more for less.

    BCG MATRIX:

    According to Boston Consulting Groups Approach Jetson lies in question marks

    as it is new in the rapidly growing market, thus has low market share. But has the

    ability to get into stars if it keeps its market share.

    Jetsons

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    Marketing Mix:

    PRODUCT:

    The main products of Jetsons are portable music devices. The products are build to

    provide Music and Fun...all in1 by providing customers with the devise which

    are not only easy to use but also provide quality and features which are not only

    comparable but better then any other high quality devise in the market right now.

    Our company is dedicated to provide you with the best customer service and a

    quality product every time. We understand that everyone deserves more than a

    routine attention. Rocker and Pixel is the uncommon cure to the everyday music

    needs. Plus, we thrive to provide solutions to fulfill music needs of people of all

    ages.

    At our outlets, we encourage customers to come in and buy our trend-setting

    music devices, and walk out with a complete music solution according to their

    needs. Youngsters want the latest products which suite their style and preference

    and our products Rocker and Pixel fulfill this specific need as our customers have

    the ability to customize their Rocker and Pixel accordingly to their specifications

    and style. Our staff at company outlets can suggest a cool, trendy look for your

    preferred device, or if you prefer, you can find a great look in one of our

    stylebooks, you can even visit our website www.jetsons.com for this purpose and

    get variety of ideas.

    Our products are build to provide maximum mobility so both the products which

    are in the market Rocker and Pixel are designed with this thing kept in mind

    Here are the main highlights of the features that you get in

    Rocker:

    Memory (5 GB)

    External memory slot (Extendible up to 20 GB)

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    Extended Battery life (12 Hours)

    Wireless Headset with Bluetooth

    Colored Screen

    F.M Radio

    Voice Recording

    F.M Recording

    Price Rs. 7999/-

    External Charger

    Pixel:

    Memory (3 GB)

    External memory slot (Extendible up to 10 GB)

    Extended battery life (6 Hours)

    Head Band (wireless)

    Track name Screen

    F.M Radio

    Voice recording

    Price Rs. 4750/-

    Our third product Rapster is in the pipeline which is going to be out in the end of

    2012 as it is still in the initial stages of its development and is a high end full

    entertainment devise and will have features never seen before in any other product.

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    Price:

    Our brand will be making use of strategic pricing which calls for the coordination

    of interrelated marketing, competitive and financial decisions to set prices

    profitably. The pricing strategy that we will be adopting is Competitive Pricing.We will be charging prices that are a bit less than other brands, thus fulfilling the

    value proposition ofmore for less. The innovation, uniqueness and quality of our

    product will support the price being charged.

    The prices strategy that we are using is:

    List Price:

    Our Company is launching two different products with different attributes by

    keeping in view the pocket of our target segments. The two products are:

    1. Rocker 10 GB

    2. Pixel 3 GB

    The products have different technology and cater for different markets so for this

    purpose they have different prices from one another. The current price of Rocker

    is Rs. 7999/- and for Pixel it is Rs. 4750/-. The prices of both the products are not

    only affordable but also comparable with the competitors like I-pod and Sony

    Walkman etc. We are not actually in a price war with our competitor but yet we

    are giving superior features in our both products. Furthermore the current prices of

    these products are just 5% above the manufacturing cost. This is a need to

    continue our further operations.

    Discounts:

    Many companies, not just ours utilize coupons as an offer to entice customers for

    further purchase of an existing product. We will also insert coupons inside our

    product package ranging from Rs. 50-1500 discount on the purchase of the next

    product. This coupon will increase customer interest in the product by offering an

    incentive to purchase Mp3.

    Customers will be more likely to try an unknown product if savings are an option.

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    Place:

    Where a consumer buys a product is extremely important. The place needs to be

    easily accessible and appealing to the targeted consumers. By targeting our

    segment we will need to place our product conveniently in different places.Places where we will place our products are:

    Head Office:

    Our prime objective is to be in direct contact with our consumer. We will have an

    office in a leading and easily approachable place like Super Market with our sales

    outlets also present in super market with one in Jinnah super too. These places are

    best suitable for product placement as these areas are always crowded with people.

    It also helps us a lot because these places are known for their big names of brands.

    Retail Stores:

    Placing of Our Mp3 in big retail stores like Metro and Cash and Carry Rawalpindi

    will capture the attention of the people that look forward to best quality and best

    price. Typically these retail stores stay open until late night and are usually full of

    people all the time.

    It is consumer psychology that the goods that are in big retail outlets are always

    regarded as good quality product. So by placing products in such retail outlets will

    enhance the credibility of the product.

    Promotion:

    At the moment, our brand is not being promoted. In order for our brand to become

    the preferred Mp3 player the amount of promotion must be higher. It must be

    increased through advertising and promotion within the stores, Fast food chains,

    and also in the media like both print and television.

    We are using both the strategies of marketing both Above the Line (ABL) and

    Below the Line (BTL).

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    To initiate the promotion process we have calculated our budget as follows:

    Population:

    Total population of Rawalpindi and Islamabad in our age group that is 15-25 years

    is 1,600,000.

    According to our survey that we had conducted, we came to conclusion that only

    23.3% of new population actually wants to buy new Mp3 Player.

    Total population of Islamabad and

    Rawalpindi of our target segment

    1,600,000

    Percentage population who want tobuy new Mp3

    23.33%

    Total number of people who want to

    buy new Mp3

    1,600,000 x 23.33% = 372,800

    Computation of Promotional budget for Rocker:

    After going through our survey we came to know that only 5.5% of the population

    could afford the price of our product Rocker.

    Percentage of people who can afford

    Rocker Mp3 player price

    5.5%

    Total number of people who want to

    buy new Mp3 player

    372,800

    Total number of people who can

    afford Rocker

    372,800 x 5.5% = 20,504

    Expected sales of Rocker:

    People who can afford Rocker 20,504

    Sale price of Rocker 7,995

    Total sales of Rocker 20,504 x 7,995 = Rs. 163,929,480

    Percentage of sales advertisement

    budget

    5%

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    Promotional budget for Rocker 163,929,480 x 5% = Rs. 8,196,474

    Computation of promotional budget for Pixel:

    Going through over questionnaire we came to know that only 13.3% of total

    population can afford Pixel price.

    Percentage of people who can afford

    Pixel Mp3 player price

    13.3%

    Total number of people who want to

    buy new Mp3 player

    372,800

    Total number of people who can

    afford Pixel

    372,800 x 13.3% = 49,582

    Expected sales of Pixel:

    People who can afford Pixel 49,582

    Sale price of Pixel 4,750

    Total sales of Pixel 49,582 x 4,750 = Rs. 235,514,500

    Percentage of sales advertisement

    budget

    5%

    Promotional budget for Pixel 235,514,500 x 5% = Rs. 11,775,725

    Total Promotional Budget:

    Promotional Budget of Rocker Rs,8,196,474

    PromotionalBudget of Pixel Rs.11,775,725

    Total Promotional Budget 8,196,474 + 11,775,725 =

    Rs.19,972,199

    Promotional Objectives:

    Our promotion will be focused on the following marketing objectives:

    1. To get awareness of 50% of our target market at the end of the 1 st Quarter

    of 2011.

    2. To achieve 80% of the sales target at the end of 2011.

    3. To keep marketing costs fewer than 50% of the total costs.

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    Promotional Mix Strategy:

    We will be making use of both pull and push marketing. Pull in the form of

    advertisement, sales promotional campaigns and direct marketing; and push in the

    form of public relations.

    Promotional Mix:

    Advertisement

    Public Relations

    Sales Promotion

    Direct Marketing

    Advertisement:

    To achieve our promotional objectives we will be making use ofInformational

    advertisementas we will be new in the market and will need to create awareness

    and give information about what is our brand and how it is different from other

    brands.

    Ad message:

    Our ads are going to focus on our slogan Music and FunAll in 1. The

    messages will be like: When was the last time you felt the freedom to reach out

    and get what you desire we give you a product that can provide that feeling with a

    product made in your own country The ad message would include a preview of

    what benefits our customers can get out of there Rocker and Pixle E.g. battery life,

    ability to customize, ease of use etc.

    This message will be executed in such a way that it will represent the followingstyles:

    Lifestyle of our target market

    Personality symbol of the target market

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    Image of our target market

    Advertisement Media:

    TV Ad: We will be running our TV ad on local cable (cable network providers

    channels) and on different TV channels. The channels which we will be using to

    advertise are: Ten Sports Pakistan, Star Movies, MTV and HBO. The ad will be of

    30 seconds. The ad will be featured twice daily on the above specified channels

    for the first 3 months.

    Ten Sports

    18:00-20:00 PKR 65,000

    06:30-08:00 PKR 45,000

    MTV

    17:00-19:00 PKR 90,000

    20:00-22:00 PKR 100,000

    HBO

    14:00-16:00 PKR 95,000

    21:00-22:00 PKR 105,000

    Star Movies

    09:00-10:00 PKR 70,000

    22:00-23:00 PKR 85,000

    Billboards: Our billboards will be located at 3 different locations namely in

    Jinnah Super, Blue Area and Saddar for 3 months. The rates with the billboard

    sizes are given below:

    Jinnah Super (10x20): PKR 150,000/month

    Blue Area Kalsoom Plaza (10x20) : PKR 90,000/month

    Main Saddar Road (10x20): PKR 75,000/month

    Public Relations:

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    In public relations we will be sponsoring different sports and fashion events at

    different Fast food Outlets; in return we will be getting publicity. Public relations

    will help in defining our e marketing strategy.

    Sales Promotion:

    Fast-food Building:

    Both the products by Jetsons can be advertised in popular fast food outlets such as

    KFC, Mac Donalds, Pizza Hut, OPTP (One Potato Two Potato) etc. People of

    our target segment visit these places on a daily basis and by placing Ads in these

    locations we can easily and efficiently reach to our valued customers.

    Direct Marketing:

    We will be using two different direct-mail magazines 1) Spider and 2) Us for half

    page ads. Spider is a leading magazine that talks a lot about new technology that

    comes in the market. It is delivered directly to 19,100 homes in Rawalpindi and

    Islamabad. While US covers 15,000 homes. The ads will appear for the first 3

    months.

    Spider (19,100 houses) @Rs. 7 per copy PKR 133,700

    Us (15,000 houses) @ Rs.5 per copy PKR 75,000

    Our other prominent promotional tactics include the followings that we have

    planned for the future:

    In the 4th quarter of 2011 we will be launching another direct marketing

    campaign in the shape ofPop-Up lounges, which will be small scale mobile

    demonstrations of Rocker and Pixel placed on two pick-up trucks roaming

    around in the areas of target market to generate awareness in the market.

    After the initial first month, we will be launching a promotional campaign

    where Mc Donalds will help us in promotion by providing a coupon of a

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    lucky draw to win Jetsons products Rocker and Pixel by purchasing two

    Big Macs and one Mc Arabia respectively.

    AlsoAAG T.V will help us to promote Rocker and Pixel further. We will

    be acquiring a contract of 1 year to name one of their most viewed

    programs to be sponsored by Jetsons products. We will be offering them

    our services at a discounted price and in return they will help us in

    promoting ourselves.

    PEOPLE:

    Our people include our employees. Our employees will be devoted towards

    providing the best services to our customers. We will be hiring experienced and

    skillful employees who will then be specially trained to perform their job

    effectively and efficiently. We will be constantly checking the performance of the

    employees and will award employee-of-the-month title to the employee with the

    best performance at the end of every month. The employees of the month will then

    be rewarded with the bonus plus their salary for that particular month. We will be

    keeping a record of every employee in terms of performance and the employee

    with most employee-of-the-month titles in a year will be given an increment at the

    end of each year. This will help us in keeping motivated and committed towards

    work employees.

    EXTERNAL ANALYSIS:

    SWOT:

    Strengths:

    Pioneers in this industry: We will be the first to launch this concept of

    Mp3s which are made in Pakistan. This will be one of the major

    sustainable competitive advantages for Jetsons.

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    Partners with good knowledge of business: All the partners forming

    Jetsons are business students and they belong to a group of the top students

    of their university, thus have a good knowledge of how to run a business.

    Hence a young and talented team all together possesses the quality ofmaking Jetsons a huge success.

    State-of-the-art facilities: We will have the state-of-the-art equipment,

    factory, HR, and R&D. Layout of the store which will be one of the sources

    of attraction for the youngsters and will suggest the high quality of

    services being provided.

    Location: Jetsons outlet will be located at the Super market and JinnahSuper, in addition we are going to have our display counters at Metro and

    Cash & Carry. These locations attract lot of people as it has a lot of

    shopping attractions and these locations are easy to reach plus well known

    for their good quality retailing by everyone.

    Employees: Our employees will be one of our biggest strengths. We will

    be hiring people who are very professional in their work and will be

    training them so that they can cater to the customers well. We look forward

    in developing our workforce into one of our sustainable competitive

    advantage.

    Weaknesses:

    Need to build reputation: We will be a new name in the market and will

    be coming up with a concept which will take a little time to be recognized.

    Inexperience : Although the partners forming Jetson are talented and

    possess good knowledge regarding the business matters but they do not

    have any sort of practical experience which is one the biggest weakness that

    we will experience.

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    Opportunities:

    Growing trend of Mp3 playes: People due to internet and international

    channels are becoming aware of trends and want to act accordingly to look

    up to date with new trends and fashion.

    Lack of competitors: Since no one in Pakistan has exploited this

    opportunity before of introducing a local made high quality Mp3, thus we

    will be the pioneers and will face no direct competition at the moment from

    within Pakistan.

    High rate of unemployment : Unemployment in Pakistan is on the rise,

    although economist used inflation to bring it down but the principal of

    Phillips curve doesnt work well for Pakistan. Thus keeping this thing in

    view we can self-employ ourselves and can hire other employees giving

    employment opportunities to the people of Pakistan.

    Marketing via Internet: With the increasing trend of using IT in

    marketing, we have an opportunity to market Tiny Clippers through internet

    which is a huge cost saver and also a good source of information.

    Threats:

    Law and order situation : Pakistan is currently going through turmoil in

    case of law and order. Riots break out every now and then destroying

    buildings, businesses and disturbing the routine businesses, also, bomb

    blasts are becoming a thing of everyday. This situation is bound to continue

    for sometime in the near future as well. This will affect any sort of business

    or in other words market as a whole. The growing number of IDPs will

    pose threat to law n order situation in future it they wont be handled

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    properly; it will result in increasing number of crimes by internally

    displaced people.

    Political conditions : There is a total lack of proper policy making. The

    new democratic government is not utilizing the advantages of democracy

    properly for the betterment of the country and its economy. Pakistan is

    going through a stage of utter political confusion, so there are no policies to

    support new or even old businesses.

    Threat of new entrants : Since its a good opportunity many people will be

    looking forward to starting this business. which will in the future hider the

    growth of the company if it does not make a good impression in the start toits customers.


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