Report on Panasonic

Submitted To: Sachin Jain

Submitted By:Ravijot Kaur

PUNJAB COLLEGE OF TECHNICAL EDUCATION

Panasonic Corporation
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( Panasonikku Kabushikigaisha ) (TYO: 6752, NYSE: PC), formerly known as Matsushita Electric Industrial Co., Ltd. ( Matsushita Denki Sangy Kabushiki-gaisha?), is a Japanese multinational consumer electronics corporation headquartered in Kadoma, Osaka, Japan. Its main business is in electronics manufacturing and it produces products under a variety of names including Panasonic and Technics. Since its founding in 1918, it has grown to become the largest Japanese electronics producer. In addition to electronics, Panasonic offers non-electronic products and services such as home renovation services. Panasonic was ranked the 89th-largest company in the world in 2009 by the Forbes Global 2000 and is among the Worldwide Top 20 Semiconductor Sales Leaders

The company's current slogan is ideas for life.

History
Panasonic was founded in 1918 by Konosuke Matsushita first selling duplex lamp sockets. In 1927, it produced a bicycle lamp, the first product it marketed under the brand name National. It operated factories in Japan and other parts of Asia through the end of World War II, producing electrical components and appliances such as light fixtures, motors, and electric irons. After World War II, Panasonic regrouped and began to supply the post war boom in Japan with radios and appliances, as well as bicycles. Matsushita's brother-in-law, Toshio Iue founded Sanyo as a subcontractor for components after WWII. Sanyo grew to become a competitor to Panasonic.

Brands and divisions

Panasonic produces electronic products under a variety of names, including:

Panasonic (home appliances, personal electronics, audio/video equipment, microchips, automotive components)

Technics (music equipment like headphones and turntables, overlaps with Panasonic branded products in some audio categories) Sanyo became a subsidiary of Panasonic on December 21, 2009. Ramsa Professional Audio Systems is currently the division that manufactures high end audio equipment globally, they are most publicly used at the Olympic games since 2000

Panasonic used to own Universal Studios, then known as the Music Corporation of America, since acquiring the company in 1990 but sold it to Seagram in 1995. Universal Studios is now a unit of NBC Universal.

Panasonic market strategy, to target mass market

Japanese durable major, Panasonic has decided to enter mass product segments like direct cool refrigerator, semi-automatic washing machine and small-size LCD TV in an attempt to penetrate India. The company has just set up a market research lab in India, which will undertake lifestyle analysis of small-town consumers for such products. Panasonics strategy is a contrarians one in the countrys Rs 30,000-crore white goods industry where competitors like Sony, Samsung and LG are slowly shifting their focus away from the mass to the premium segment to shore up margins and what they claim is part of the market evolution. Our foray into mass products is an investment we are making to drive volume sales, said Panasonic India director (marketing) Manish Sharma. We may have been a little late in our aggressiveness in the Indian market, but we think the market for mass products is still quite big due to lower penetration, he said. For washing machine, the penetration is less than 5% in smaller towns and less than 10% for refrigerators. Panasonic has a premium lineage in India with products like bottommounted frost-free refrigerators, Plasma and LCD TV, and fully-automatic washing machine. The company earlier this month forayed into the smaller size LCD TV segment, in the 19 and 24 inch segments. It now plans to enter the direct cool refrigerator in six months and is undertaking feasibility studies on ways to enter the semi-automatic washing machine segment. Accordingly, Panasonic is also re-working on its pricing strategy. It wants to roll out newer models, which will cut down the entry-level price of other products like home theatre and digital camera. The price is also brought down by shedding unnecessary product features which may not be required in the smaller towns. Such cost benefits are directly passed on to the consumer, said Mr. Sharma. For instance, Panasonic reduced the number of HDMI ports from four to one in one of its 32-inch LCD TV and changed the shiny exterior panel, which directly reduced the price by around Rs 6,000. The recently-set up-market research lab is entrusted to undertake

such

research.

Panasonic, which is eyeing around Rs 6,500-7,000 crore-revenue in India from the consumer electronics and home appliances space by 2012, expects its current strategy will ensure equal revenue contribution from metros and smaller markets. At present, metros contribute around 75-80% to our revenue, Mr. Sharma said

Panasonic market share in India

Panasonic holds 70 per cent market share in Plasma Technology in Japan and 40 per cent worldwide. In India the market for the Plasma Range is in its infancy and National Panasonic India Ltd. plans to acquire around 25% market share. The Company Balance Sheets sing the success song of the company In India. Panasonic India Ltd. boasts of a wide spread network of Retail Shops and Dealers and Distributors chain covering the length and breadth of the country. Numbering upto 13 Branch Offices and sales offices along with 120 Service Centers, Panasonic has a mass reach in the Indian Electronics Market.

Panasonic India Products

In 1994, National Panasonic India Ltd. was established with the same motto. It was set up to provide higher quality Electronic Products supported by service In India. The Electronic Products From Panasonic can be classified into three main categories comprising a variety of products under them.

Washing Machine,Mini Compo Audio, Home Theatre,Movie Camera, Projection TV ,Plasma TV GSM Mobile Phones Special VS edition of Slim Mobile Phones is the latest range.

Business Products: ITS -Basic Speaker Phone 2-Line With Speaker Phone, Caller ID Fax-Thermal, Plain Paper,Cordless,Laser All-in-one- Copier,Laptop,Projectors

The recently launched Panasonic Products in the Indian consumer electronics market are mainly targeted at the younger generation. These include:

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VIERA range of plasma TV's that is projected to be a breakthrough for better image quality, innovative technology, enhanced reliability and great value. E.cam - Digital Movie Camera Lumix- Digital Still Camera. It is priced at Rs. 13,990 onwards and has first of its kind mega OIS (Optical Image Stabilizer) and LIECA DICOMAR Lens

Ad agency of Panasonic
IBD India assigned creative mandate for Panasonics Viera and Lumix

IBD India, a Percept-Hakuhodo company, has recently won the creative duties for two Panasonic brands Viera and Lumix. The media duties for these two brands would be handled by Percepts in-house media agency Allied Media Network. IBD India is a total communication solutions agency specializing in advertising, films, identity management and interactive media. Panasonic is planning an aggressive marketing push in India for its Viera range, which comprises LCD and plasma televisions, and Lumix, which comprises digital cameras. Commenting on the account win, Rahul Gupta, Managing Director, IBD India, said, It is a wonderful opportunity to work with a global giant like Panasonic. Even more thrilling is the fact that India will be the regional hub for developing strategy on both brands. We demonstrated a deep understanding of the Panasonic brand and worked out a strategy based on fresh consumer insights. Our work on the brand will move beyond advertising into innovative brand-building activities. The high visibility campaign for Viera and Lumix will be launched in the coming festive season. The campaign will use print, television and outdoor media as well as a host of below-the-line activities. The TVC will break in next 10 days time, Gupta informed. He further said, In the new campaign, we will focus on the unique feature of faster moving images and more clarity of Viera TVs. For Lumix digital cameras, we will highlight their unique inbuilt wide angle lens, which allows one to capture more.

Advertisement of Panasonic
IBD (integrated brand development) India, Percept out-of-home (POOH) and Percept Knorigin which are divisions of Percept Limited kick started the Panasonic Sound for India campaign in July 2010. IBD India has handled the creative duties in terms of print, online and retail design; Percept Out-Of-Home has done the OOH & on ground activation while Percept Knorigin has created the website

Commenting on the campaign, Rahul Gupta, MD, IBD India said, Panasonic wanted to reach out to dominant middle class in Tier II & Tier III cities with LCD TVs having superior sound output. IBD partnered with Panasonic to heighten the Sound advantage. We positioned the TV as the perfect choice for the Indians who are passionate about sounds. The Sound for India campaign celebrates the sounds that represent India. A common platform of contests has seamlessly collaborated online, traditional & on road efforts to communicate the message across town classes. The Sound for India contest is a unique engagement activity and is running across 70 cities in India. With the kind of response we are receiving, I am sure the judges will have a tough time! For the OOH campaign as part of an eye-catching innovation, LCD Cut outs which protrude out of the Hoardings have been used on prominent Locations in Delhi to create an impact of an actual television. Panasonic has used more than 1,000 sites for outdoor advertisements. Sanjay Pareek, President, Percept OOH, said, The client brief was, to announce a new LCD developed for better viewing experience through superior speaker quality and design in the VIERA range of TVs with a Bang. We gave their TG a Big announcement; we used about 20 different mediums and didnt just stick to Billboards since the OTS were high. It is for the first time that Panasonic has used the outdoor medium to announce a launch with such a high budget. We have used innovation at all the landmark sites by putting the cutout for enhancing the recall and placing the product on the pedestal thereby staying ahead from the other products in the category. The inspiration and motive for the campaign is based on the consumer insight which demands low energy consumption for Electronic products. Panasonic with this campaign intends to revolutionize the essence of LCD TV in Indian households.

Ranbir Kapoor roped in as brand ambassador for Panasonic India

He is the young star face selling the brand ambassador for second endorsement deal so far.

Pepsi and now Ranbir Kapoor has become consumer goods giant Panasonic India as well, his

We conducted a research and wanted that our brand ambassador should meet five dimensions he should be an established personality, should be able to create excitement, should have a competent personality, should be a premium brand himself and

should be seasoned. For us, Ranbirs cool and trendy image was a perfect match, Sharma told reporters. As the brand ambassador, Ranbir would be involved in communicating the brand values of the company through multi-media campaigns, the company official said.

Panasonic to Focus on Black in Advertising Campaign

In their latest advertising campaign, Panasonic is emphasizing on the color black to promote their latest range of VIERA Neo Plasma TVs. It is also trying to impress on people that the way black is rendered can make a lot of difference to the overall viewing experience. The latest advertising campaign for Panasonic has been designed by The Campaign Palace. It aims to focus on the way black color is represented in its new range of VIERA TVs. Cameron Hoelter, Creative Director of The Creative Palace stressed that the depth of black can tell the difference between a good and an average TV. He also claimed that the new campaign will stress on the clarity of black color and everyone will also be impressed by the new range of Panasonic VIERA Neo Plasma TVs. Panasonic is also claiming that it has incorporated a lot of improvements in its latest range of Plasma TVs and people will be instantly able to get a better picture and color quality from these TVs. It will significantly improve the overall viewing experience for the viewers and they will be able to see better images whether they are watching 2D or 3D TV. The latest round of advertising campaigns will be starting from the current week.

Panasonic Unveils Eco Ad Campaign

Panasonic has launched a print and television advertising campaign that highlights the companys eco-initiatives for energy-saving products and products that can be more easily and completely be recycled. Panasonic unveiled its Green Plan 2018 environmental action plan in October, aimed at stepping up its efforts to meet environmental goals in time for the companys 100th anniversary in 2018.

Panasonics Connecting with the Earth campaign features five different ads that will appear in the print and online editions of the New York Times, USA Today, Wall Street Journal, and Washington Post and networking Websites such as Linked In, Facebook and Panasonics Twitter site. The five ads target different green products for home and business, including: Panasonics line of VIERA Full HD 3D TVs that feature an Energy Star 4.0 rating. Panasonics work on the development of solar energy panels, whole-house fuel cells, super-efficient LED light bulbs that use 6.9 watts of energy, and next-generation battery cells to power electric vehicles. Panasonics Tough book line of laptop computers that meet or exceed many of the worlds strictest environmental standards, according to the company. Panasonic says all Toughbook computers are manufactured in Clean Factories where at least 98 percent of generated waste is recycled. Toughbook computers are also ISO14001 and RoHScompliant, Energy Star-qualified, and rated either Gold or Silver on the EPEAT registry. Panasonics High Definition Visual Communications system enables businesses to conduct meetings in Full HD over the Internet, which eliminates the need to travel to meetings. Panasonics line of home ventilation fans, which feature a green manufacturing process, were awarded the 2010 Energy Star Partner of the Year Award.

Medias for advertising

Television Radio Internet Print media (newspaper, magazines) A television ad campaign will follow the print and online segment with a series of TV spots on cable news networks including Bloomberg, CNN, CNBC, Fox News Channel, MSNBC, and the Weather Channel as well as DIRECTV programming.