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Product development:
It begins when the company finds & develops a new – product idea. During product development, sales are
zero and the company’s investment costs mount. In case of BPL it lies from 1963- 1982.
Introduction:
Introduction is a period of slow sales growth as the product is introduced in the market. Profits are
nonexistence in this stage coz of heavy investment in product introduction. BPL introduce itself as a COLOR
TV manufacturer in 1982.
Growth:
Growth is a period of rapid market acceptance and increasing profits. In BPL it lies from 1985-95.
Maturity:
Maturity is a period of slowdown in sales growth because the product has achieved acceptance by most
potential buyers. Profits decline coz of increase marketing outlays to defend the product against competition.
In BPL it lies from 1995-2000.
Decline:
Decline is the period when sales fall off and profits drop. In BPL it has come from 2000 ownwards.
4 P’S
PRODUCT
BPL provides a wide variety of products to its customers. They are as follows:
• Mobiles
• Landlines
• Home Entertainment
• Household
• UPS
• Home Lightining
• Refrigerators
• Gas tables
• BPL also provides a wide range of Professional Products they are as follows:-
• Medical system
• Enterprise communication
• Energy Communication
• PRICE
• In India, the choice is not between being a volume brand or a premium
brand. The size of each market segment in every price brand starting
from Rs. 5000 to Rs 70000 is significant. While there is also a big
market in the middle and upper price points.
• BPL are maintaining price competitiveness through overall reduction in
the cost base. With efficient global sourcing of components,
productivity enhancement and supply- chain efficiencies, More over, we
have leveraged on the strong-in house design capabilities to introduce
new value-engineered products to compete at the lower price points.
• PLACEMENT
• BPL products are currently available in 2500 retail and Multi
Brand outlets across the country. Most Retail outlets are not
in cities.
• BPL has its footprint across the country through a distribution
network comprising of over 7000 channel partners.
PROMOTION
• VID
S.W.O.T ANALYSIS OF BPL
• STRENGTH
• Market share of BPL in 1999 was 36% and it has dropped to 29% in
2000 and 27%in 2001. Another reason for BPL to worry is that as income
increases, BPLpreference decreases; LG, SONY, ONIDA are preferred by
high income groups.A fascinating aspect of study is that buyers give 100
out of 100 to LG in latest technology as compare to BPL who gets
66.7. For introducing latest models LG has 90.9 while BPL has 71.4.
• OPPORTUNITIES
• Opening an Online store and selling products through other online sites.
• Introducing combo offer such as PRODUCT and giving toys with them to attract
children’s.
• Advertisement in newspaper, radio, television , internet and even at metro station.
• Giving discount to companies so that they buy products in bulk and also advertise
them.
• Other Major advertising and promotion schemes so that they can go in the minds of
consumers.
• Investment in brand equity to revitalize brand image to associate it from ‘dull- boring’
to” fun-frolic”.
• Also create a better service and customer experience as it is the best way to retain
and attract new customers.
1963
2011
Believe in the best
2018
REDESIGNING THE COMPANY
• BPL was a hit during the 1980’s to the early 2000’s.
• One of the most trusted companies of the time.
• BPL was a household name, but the name faded as times changed and the company failed to
cater to the fast advancing consumer needs.
• As the products and technology was evolving BPL was slow to accept this change and
develop new products and new players in the market took over.
• Redesigning the company would be focusing on redesigning the products and developing
newer and updated products to compete with current players in the market.
• BPL was a household name until the early 2000’s, and most consumers at this point in time
grew up with a BPL product at their homes and this makes it easy to market the product.
• Trust factor in Indian consumers play a vital role, leveraging this built up trust we will
advertise our products to the masses.
• Outdated products will be removed from the catalogue.
• Production of all components will be done in the Indian subcontinent ensuring lower cost.
REDESIGNED PRODUCTS