Micromax Presented by: Arbind Kumar Pankaj Kumar Singh Punit Kishore Sudhanshu Ranjan
Agenda Introduction of the company History of Micromax Positioning and repositioning Advertising Segmentation Product analysis Competitors Distribution strategy Competition tackling strategy Future directions Data analysis tool Sampling plan & sample size Hypothesis testing Hypothesis and its justification Summary & net take away
Introduction India based consumer electronics company Products – Mobile handsets, fun-book tablets, data cards, television and audio players 12th largest handset manufacturer in the world 24% market share in the smart phone segment* 3rd largest handset player in the market* *CMR report for April 2013
History of Micromax Founded by Rajesh Agarwal 1991 Founded by Rajesh Agarwal 1999 Sumeet Arora, Rahul Sharma and Vikas Jain joined 2000 Started providing software services 2008 Entered into mobile handset business 2010 Became largest domestic mobile handset company
Positioning & Repositioning Global Brand Quality After Sales Service Current position Urban Market Smartphone Affordable Last two years Rural market Qwerty Keypad Battery Life Dual Sim Card Early Days
Hoardings, Sponsorships Advertising Advertising Electronic Media Social Media Hoardings, Sponsorships Print Media
Segmentation Demographic segment (Income) High income group Medium income group Low income group Psychographic segment (Lifestyle) Connect customers Achieve customers Explore customers
Product Analysis Strength Threats Weakness Opportunities SWOT Strength Low cost smart-phones Innovative product & features 24% market share in India Weakness Perception of low cost Chinese brand Poor customer services Opportunities Increase market penetration To become global player Threats High end competitors like Samsung,etc Low end competitors like Karbonn, etc.
Competitors Samsung – It has emerged as the leader in ‘Smartphone Category’ of handsets where Micromax holds the second position in the market. Samsung is backed with the high quality and professional team in the R&D area Karbonn - This is the company which offers products which are very similar to Micromax in terms of price and quality. In Smartphone category of handsets, it stands at third position just after Micromax. Karbonn will be looking to increase their market share as well. Others – There are many more players in smartphone like NOKIA, SONY, LG, etc.
Distribution Strategy B2C B2B Manufacturer Super Distributor Distributor/ Stockist Dealer Consumer Manufacturer Disintermediation Consumer
Competition Tackling Strategy Make people move from feature phones to smartphones Continue offering products with low cost. Consistently bringing variety of models with innovative features & designs.
Future directions Branding in smart-phone category. Better customer services Improve quality of products Open-up exclusive outlets like Samsung, Nokia, etc.
Data Analysis Tools Instruments of Data Collection Data Analysis Tools Questionnaire Method Close-end questions Open-end questions Telephonic survey Data Analysis Tools SAS MS Excel Word Cloud
Sampling Plan & Sample Size Users of smart-phones Age group 20-60 Years Retailers selling Micromax Sample Size Users – 58 Retailers – 4
Hypothesis Analysis 1: Micromax has established itself as a Brand in smartphone category.
Hypothesis Analysis 1: Micromax has established itself as a Brand in smartphone category.
Hypothesis Analysis 1: Micromax has established itself as a Brand in smartphone category.
Hypothesis Analysis 1: Micromax has established itself as a Brand in smartphone category. Mb_Use: 1 :Samsung; 2:Micromax; 3:Nokia; 4: LG; 5:Other Loyality: 1: Go for other brand; 2: Buy same Brand; 3: Can’t say
Hypothesis Analysis 2: Micromax Smartphones are youth-centric
Hypothesis Analysis 2: Micromax Smartphones are youth-centric
Hypothesis Analysis 2: Micromax Smartphones are youth-centric
Hypothesis Analysis 2: Micromax Smartphones are youth-centric
Hypothesis 3: H3: Good Distribution & Retailer Strategy of Micromax along with low price has been the reason for Micomax’s success.
Hypothesis 3: H3: Good Distribution & Retailer Strategy of Micromax along with low price has been the reason for its success.
Hypothesis 3: H3: Good Distribution & Retailer Strategy of Micromax along with low price has been the reason for Micomax’s success.
Hypotheses and Its Justification H1: Micromax has established itself as a Brand. As per the analysis TOM, Awareness & Loyalty factor of the data collected we can conclude that it is not a brand. H2: Micromax Smartphones are youth-centric . As per analysis of various factors like price, youth centricity, etc we accept the hypothesis. H3: Good Distribution & Retailer Strategy of Micromax along with low price has been the reason for Micomax’s success. We accept the hypothesis based on the analysis of the retailers data.
Summary and Net Take Away Potential of becoming a brand in smartphone category. Potential for huge increment in market share and compete with likes of Samsung . Needs to focus more on after sales service and open up exclusive Micromax stores. Should enter into newer segments of the market Should move into global markets.
Thank You