GODREJ & BOYCE MANUFACTURING CO. LTD. SUMMER PROJECT ON: MARKET RESEARCH ANALYSIS FOR HOME FURNITURE SEGMENT SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES SUBMITTED BY: SHALINI II A – 44 SIMS (BATCH OF 2008-10) PNR No: 08020441050 Shalini.1086@gmail.com Market Research Analysis For Home Furniture Segment ACKNOWLEDGEMENT The completion of a report is never and can never be a unilateral effort. Through this sentence‚ I wish to make a modest effort to thank and express my gratitude to
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EXECUTIVE SUMMARY The upholstered furniture and beds market is estimated to be worth around 400 billion dollar. Both markets grew substantially during the boom period of the late 1980’s and suffered significant decline during the prolonged recession of the early 1990’s. Imports and exports have become increasingly significant‚ with imports having grown to around 17 percent of the UK market. Imports are sourced mainly from within the EC including Italy‚ Belgium‚ Luxembourg‚ Sweden and France. Exports
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TABLE OF CONTENT 1. WHY CHOOSING CROWN FURNITURE? -------------------------------------------------- 2 2. COMPANY HISTORY ---------------------------------------------------------------------------- 2 3. MAIN OBJECTIVES & GROWING PLANS -------------------------------------------------- 2 4. KEY STRATEGIC ASSET TO CROWN FURNITURE SUCCESS ----------------------- 3 5. CROWN FURNITURE’S PRODUCTS HAVE COVERED --------------------------------- 3 6. HQ MANAGER’S & OUTLET
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Palliser Furniture Ltd. is the second largest furniture company in Canada and currently has production facilities in Canada‚ Mexico and Indonesia. However‚ with the development of globalization‚ Palliser faces increasing pressures from Asia. Palliser has to evoke a new strategy and take a more proactive approach to increase annual sales and sustain its competitive advantage. Therefore‚ Palliser has to choose investing into China or continue to expand into Mexico. The internal and external factors
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STRATEGIC ANALYSIS OF IKEA POLITICAL-Foreign investment restrictions-Companies as charity for tax avoidance-VAT increase to 20%-Globalization has eased import rules.-Government regulation climate change act 2008) | Ref13119 | ECONOMICAL-Economic crisis in North America.-Rising raw material and transport cost in 2009-Low spending power due to recession.-Recession in Russia-High import tax in japan | Ref2‚34677 | SOCIAL-Requirements on wood supplier-Brand image-Does not accept child labour-Women
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Brazilian Culture Language in Brazil Language is one of the strongest elements of Brazil’s national unity. Portuguese is spoken by nearly 100 percent of the population. The only exceptions are some members of Amerindian groups and pockets of immigrants‚ primarily from Japan and South Korea‚ who have not yet learned Portuguese. The principal families of Indian languages are Tupí‚ Arawak‚ Carib‚ and Gê. There is about as much difference between the Portuguese spoken in Brazil and that spoken
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BRAZILIAN GOVERNMENT Brazil entered the new millennium mired in economic difficulties. Macroeconomic conditions will have a great influence on political stability‚ what kinds of laws are passed‚ the ability of businesses to succeed‚ the pace at which new technology is used‚ the availability of jobs‚ and on incomes‚ poverty and crime. Brazil is a constitutional republic of federated states‚ the federal districts‚ and territories. This present constitution was proclaimed in October 1988‚ replacing
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IKEA is a well-known global brand with hundreds of stores across the world. In order to improve performance‚ it must assess its external and competitive environment. This will reveal the key opportunities it can take advantage of and the threats it must deal with. IKEA responds to both internal and external issues in a proactive and dynamic manner by using its strengths and reducing its weaknesses. Through this‚ IKEA is able to generate the strong growth it needs to retain a strong identity in the
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1. How does Ikea generate customer loyalty? In marketing practice ‚ customer loyalty is defined as continuity of customers’ buying behavior . It refers to the dependence and recognition that customer received from products or services. The behavior that consumers adhere to have long-term purchase or use of the products or services to exhibited a high degree of trust and loyalty of the extent of the thoughts and emotions. It is a client of enterprise products in the long term evaluation competitive
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Executive Summary 3 Problem Statement 3 Situation Analysis 3 Alternatives 6 Recommendations 8 Action Plan 8 Contingency Plan 9 References 9 Executive Summary Palliser Furniture Upholstery Ltd (Palliser)‚ located in Winnipeg is the largest furniture manufacturer in Canada with facilities in Canada and Mexico. These centrally and strategically located plants allow Palliser to provide prompt‚ cost efficient service and delivery to its customers. In order to
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