2. Tanishq unsuccessful launch (Problems) When Tanishq first came into the Indian market‚ the company come out with a decision that they wanted their jewellery to be different from the traditional Indian offerings‚ this had cause them to have lot problem and totally difficult to be accepted by the customers. The problems that the company face were the cultural limitations‚ and the designs of their jewellery designs 2.1 Cultural Limitations The jewellery market in India was totally unorganised
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jewellery and tried to relate it with our product‚ Tanishq. A survey with a sample size of 20 was conducted to get an insight into consumer’s buying behaviour and preferences. Most of the participants in our survey were working professionals (primary target for Tanishq) while others were house wives. Our survey had all respondents from cities and mostly belongs to an income group of more than 3 lacs that was again bifurcated for further analysis. The age of our respondents varies from 23 to more
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CASE SUMMARY: * Tanishq is the country’s only truly national jeweler * Targeted a more Western consumer evoking a “Nice‚ but not for me” reaction * Opened its first boutique in Chennai in 1995 as a precedence to tap the South market * Boutiques were spacious‚ intimidating ‚ exclusive with limited inventory on display * In Feb 1996 launched its first 18-carat range of exclusively designed gem-set jewelry STRATEGIES: * Piloted an offering of 22-karat plain gold jewelry with
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Tanishq Tanishq opened it’s pilot store in Chennai in 1996. Launch strategy: Create a brand in an environment where there were no/very little national brand presense. Challenge the age old jewelers word with TATA’s guaranteed purity. It exploded the market with information and facts regarding impurity of gold. It introduced technology-backed challenge in a category completely governed by individual trust Strategy had two parts: 1. To provide a point of differentiation in a highly commoditized
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CHAPTER 1 INTODUCTION A STUDY OF CONSUMER PREFRENCE TOWARDS TITAN WATCHES A consumer is a person or group of people‚ such as a household‚ who are the final users of products or services. The consumer’s use is final in the sense that the product is usually not improved by the use. The term preference is used in a variety of related‚ but not identical‚ ways in the scientific literature. This makes it necessary to make explicit the sense in which the term is used in different social sciences
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Executive Summary 0 Introduction (Sunil) 3 Socio-cultural analysis 3 Economic analysis 3 Product 3 Perceptions held by the intended market 3 Major Problems and Resistances to Product Acceptance 7 The Market 8 Geographical region(s) 8 Connectivity 8 Consumer buying habits 9 Product feature preferences 10 Distribution of the product 11 Advertising 11 Promotion 12 Pricing strategy 12 Competition 12 Competitor’s Products 12
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Method Analysis Paper Option 6 The first five student learning outcomes listed on the syllabus focus on evaluating‚ understanding‚ and analyzing components of research‚ ranging from research ethics to research measurement. The methods analysis papers each serve to assist students in these five learning objectives. There are six method analysis papers in this class. You are only required to complete three of the method analysis papers. Should you choose to complete more than three of the six
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use systems analysis and design methodologies when building a system? Why not just build the system in whatever way seems to be “quick and easy?” What value is provided by using an “engineering” approach? Ans: While analyzing and designing a system‚ we take into consideration the flexibility‚ scalability‚ performance‚ maintainability and testability. When these capabilities are not taken into consideration‚ we see a high probability for system failure. Conversely‚ if too much of analysis and design
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PEST Analysis We are going to produce a PEST analysis to find out what external influences may be affecting the product (Milo) and to what extent to which customers decide to buy them. The purpose of the PEST analysis is to analyse the organization (Nestle Milo) operates and to identify how it may influence marketing decisions. A PEST analysis analyses the external environment in which an organization operates and identifies how it should influence marketing decisions. Political Factors The actions
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Tanishq: Positioning to Capture the Indian Woman ’s Heart Strategic Management Assignment TABLE OF CONTENT 1. COMPANY DETAILS 2 2. VISION 2 3. MISSION 2 4. GOALS 2 5. INDUSTRY ANALYSIS 3 6. SITUATIONAL ANALYSIS 4 7. FINANCIALS 5 8. COMPETITOR ENVIRONMENT 7 9. INTERNAL CIRCUMSTANCES: 9 10. SWOT Analysis: 9 11. CHALLENGES 10 12. STRATEGIC RECOMMENDATION: 11 13. RECOMMENDATION 12 14. Overall Analysis 12 REFERENCES 13
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