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Contents
About Jaipur Rugs Present Branding Issues Work Plan: Branding Strategy
Phase 1 Analyze Phase 2 Plan Phase 3 Deploy & Review
Jaipur Rugs: Strategy Work Plan 2013-14 2
Present Issues
The Mission and Vision statement: Seems driven by Jaipur Rugs Foundation Lacks any mention of core competencies Low Customer intimacy No channel for end user feedback / review of products Can the users tailor products as per their needs ? Lack of Brand Awareness, leads to lower margins Creating a sense of exclusivity which leads to market pull Creating a exclusive ethnic Indian brand for the west !
Low brand penetration Lack of customized Branding Strategy for different export markets Consumer Behaviour and buying patterns differs across geographical regions A marketing strategy for Americas may not fit European Customers !
Jaipur Rugs: Strategy Work Plan 2013-14 3
Phase 1 - Analysis
Analyze Corporate Identity - Stakeholders view about the company
and products
Interaction with Customers and Employees Market Surveys and Customer engagement Get review about products through online channels
Analyze the branding strategy of key competitors How do customers perceive competitors brand (Perceptual Maps) Branding and communication channels deployed by competitors Analyze the YoY sales and business data for all the regions Analyze in which markets are growing in terms of sales and customer awareness Analyze in which markets we need improvement in sales, marketing, and branding Quantitative Assessment of current brand equity
Jaipur Rugs: Strategy Work Plan 2013-14 4
Phase 2 - Positioning
Converge on the Positioning for Jaipur Rugs, Based on,
- Results of Phase 1 - Resource mapping.
Product Categorization Exclusive Products On which company can charge premium Ex Hand Knotted Silk products The Catalog information would be synonymous with exclusive brand image Regular or value for money Products Ex Durries Promotion through Trade Fairs & Art Galleries Brand Associations- Celebrity endorsement [Long Term]
Collect feedback on the recent purchases through web page Custom Design Option Allow users to create their own design online Jaipur rugs will subsequently ship them customized final product
(Return on marketing) = Increase in sales/ (Branding + Marketing ) Expense Feedback the leanings of the outcomes into the next stage
Jaipur Rugs: Strategy Work Plan 2013-14 8
offerings.