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New product development on (antivirus)
                        at
              Narmada Computers
                       By
               BIPIN BHARDWAJ
                    2804111
                  28th BATCH
         IN PARTIAL FULFILLMENT OF
POST GRADUATE DIPLOMA IN MANAGEMENT (PGDM)

              September, 2010-12




                         12/20/2011   MIT School of Business   1
EXECUTIVE SUMMARY

   Understand the market and the challenges
   Needs to grow their revenues by developing new product & services
   Methods used to study this project were mainly through the primary
    data collection
   Narmada Computers is a company of
    Credibility, Reliability, Innovative, and Outsourcing. Software
    development. IT consultancy. Software Product marketing company.
   Quality and cheaper in cost.
   Narmada Computers is a company of highly innovative people, and
    also they are down to earth thinkers.




                                   12/20/2011   MIT School of Business   2
Objective

 Short term objective –There will be marketing of software
  product like antivirus product, outsourcing of the project that we
  will take from Software Company and small scale
  industry, college project by applying innovative ideas to it.
  To gain credibility and sufficient revenue through building
  partnership with potential organization with very effective and
  efficiency way .We as Software Company add value to the
  software project.
 Long term objective - : By delivering software project on
  time, as per the customer requirement
  and with low cost with standard of ISO quality. We successful
  complete the software as per within time by the client and with
  low cost .Making long term relationship with the customer by
  continuous follow up with the clients.

                              12/20/2011   MIT School of Business      3
SWOT analysis of antivirus software
1. Strength -: Quality of software, software is made within time
   limit, which is given by the client and with the company.
a) Credibility.
b) Reliability.
c) Goodwill within the customer and suppliers

2. Weaknesses -:
 If the website is not made within the time limit or duration on
   which client and the company made and agreement .Narmada
   Computers is newly launched in the software industry.
 There is much such other big company, so that Narmada
   Computers had to struggle more than any other company.
 Competitors are large in numbers.
 Employees are less in number (For that it took time for the
   project completion).

                             12/20/2011   MIT School of Business    4
SWOT analysis of antivirus software
3. Opportunity -:

    Favorable time for the company is there is no recession and company gets
    as many as project from foreign country or from Indian company.
   Outsourced antivirus marketing projects from other company
   Long term selling and distribution of the antivirus projects.
   Design marketing strategy and marketing plan of other company.
    Project of online marketing of the antivirus website.


4. Threats -:
 For Software Company recession is the major threats.
 Inflation increases can also be threats to a company.
 Not getting appropriate skill employee for a particular projects.
 Not getting the long term marketing and selling and distribution of the
   projects.


                                   12/20/2011   MIT School of Business          5
Idea Generation



 Internal idea sources:
    From friends and faculty of MITSOB.

   External idea sources:
    Customers of antivirus, competitors in antivirus.




                                      12/20/2011   MIT School of Business   6
Idea Screening




 Product development costs increase
substantially in later stages.

 Ideas are evaluated against criteria; most are eliminated.




                                     12/20/2011   MIT School of Business   7
Concept Development and Testing




 versions of antivirus is created.

 target costumers of antivirus are those who are using internet to
   evaluate product concepts.




                                      12/20/2011   MIT School of Business   8
Marketing Strategy Development



• The target market, product positioning, and sales and profits for three
  years.

• marketing mix strategy.

• Product price, distribution, and marketing budget for three years.




                                      12/20/2011   MIT School of Business   9
Marketing strategy and market Testing


      Marketing strategy -:
◦ Marketing targeting
◦ Positioning strategy


      Market testing -:
◦ Testing industrial antivirus products.




                                           12/20/2011   MIT School of Business   10
Commercialization




◦ By marketing plan.


◦ Monitoring and control.




                            12/20/2011   MIT School of Business   11
Limitation

   Browsing pattern (which website are open in foreign country) according to it
    antivirus is design. So it increases the work load of the company for every country
    we had to design.
   Companies were not ready to disclose the material facts.
   Time for the study was limited to only two months.
   It was difficult to know whether willing respondent were truly representative.
   There was lack of adequate data for survey.
   Faced problem in taking appointment.




                                        12/20/2011   MIT School of Business               12
Product Life-Cycle Strategies of Antivirus capsule




◦ Product class (internet security)


◦ Product form (antivirus)


◦ Brand (antivirus capsule)




                                      12/20/2011   MIT School of Business   13
Product Life-Cycle Strategies of Antivirus capsule

                              Product development



◦ Begins when the Narmada Computers develops a new-product idea
◦ Sales are zero
◦ Investment costs are high
◦ Profits are negative




                                       12/20/2011   MIT School of Business   14
Product Life-Cycle Strategies of Antivirus capsule

                               Introduction




◦ Low sales
◦ High cost per customer acquired
◦ Negative profits
◦ Innovators are targeted
◦ Little competition




                                       12/20/2011   MIT School of Business   15
Marketing Strategies of antivirus capsule

                              Introduction Stage



◦   Product – Offer a basic product
◦   Price – Use cost-plus basis to set
◦   Distribution – Build selective distribution
◦   Advertising – Build awareness among early adopters and dealers/resellers
◦   Sales Promotion – Heavy expenditures to create trial




                                             12/20/2011   MIT School of Business   16
Product Life-Cycle Strategies of Antivirus capsule

                                Growth




◦ Rapidly rising sales
◦ Average cost per customer
◦ Rising profits
◦ Early adopters are targeted
◦ Growing competition




                                     12/20/2011   MIT School of Business   17
Marketing Strategies of antivirus capsule

                                Growth Stage




◦   Product – Offer product extensions, service, warranty
◦   Price – Penetration pricing
◦   Distribution – Build intensive distribution
◦   Advertising – Build awareness and interest in the mass market
◦   Sales Promotion – Reduce expenditures to take advantage of consumer demand




                                           12/20/2011   MIT School of Business   18
Product Life-Cycle Strategies of Antivirus capsule

                                  Maturity




◦ Sales peak
◦ Low cost per customer
◦ High profits
◦ Middle majority are targeted
◦ Competition begins to decline




                                        12/20/2011   MIT School of Business   19
Marketing Strategies of antivirus capsule

                                Maturity Stage




◦ Product – Diversify brand and models
◦ Price – Set to match or beat competition
◦ Distribution – Build more intensive distribution
◦ Advertising – Stress brand differences and benefits
◦ Sales Promotion – Increase to encourage brand switching




                                             12/20/2011   MIT School of Business   20
Product Life-Cycle Strategies of Antivirus capsule

                               Decline




◦ Declining sales
◦ Low cost per customer
◦ Declining profits
◦ Laggards are targeted
◦ Declining competition




                                     12/20/2011   MIT School of Business   21
Marketing Strategies of antivirus capsule

                                       Decline Stage




◦ Product – Phase out weak items
◦ Price – Cut price
◦ Distribution – Use selective distribution: phase out unprofitable outlets
◦ Advertising – Reduce to level needed to retain hard-core loyalists
◦ Sales Promotion – Reduce to minimal level




                                              12/20/2011   MIT School of Business   22
Management lesson

   Punctuality
   hard work/smart work
   problem solving approach
   Analytical skill
   Creative imagination
   Practical thinking
   Innovative thinking
   Initiator
   Sense of reality
   Holistic view
   Insight thinking
   Action oriented approach
   Seeing the relative nature
   Judgment
   Alertness

                                 12/20/2011   MIT School of Business   23

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Marketing strategy of software

  • 1. New product development on (antivirus) at Narmada Computers By BIPIN BHARDWAJ 2804111 28th BATCH IN PARTIAL FULFILLMENT OF POST GRADUATE DIPLOMA IN MANAGEMENT (PGDM) September, 2010-12 12/20/2011 MIT School of Business 1
  • 2. EXECUTIVE SUMMARY  Understand the market and the challenges  Needs to grow their revenues by developing new product & services  Methods used to study this project were mainly through the primary data collection  Narmada Computers is a company of Credibility, Reliability, Innovative, and Outsourcing. Software development. IT consultancy. Software Product marketing company.  Quality and cheaper in cost.  Narmada Computers is a company of highly innovative people, and also they are down to earth thinkers. 12/20/2011 MIT School of Business 2
  • 3. Objective  Short term objective –There will be marketing of software product like antivirus product, outsourcing of the project that we will take from Software Company and small scale industry, college project by applying innovative ideas to it. To gain credibility and sufficient revenue through building partnership with potential organization with very effective and efficiency way .We as Software Company add value to the software project.  Long term objective - : By delivering software project on time, as per the customer requirement and with low cost with standard of ISO quality. We successful complete the software as per within time by the client and with low cost .Making long term relationship with the customer by continuous follow up with the clients. 12/20/2011 MIT School of Business 3
  • 4. SWOT analysis of antivirus software 1. Strength -: Quality of software, software is made within time limit, which is given by the client and with the company. a) Credibility. b) Reliability. c) Goodwill within the customer and suppliers 2. Weaknesses -:  If the website is not made within the time limit or duration on which client and the company made and agreement .Narmada Computers is newly launched in the software industry.  There is much such other big company, so that Narmada Computers had to struggle more than any other company.  Competitors are large in numbers.  Employees are less in number (For that it took time for the project completion). 12/20/2011 MIT School of Business 4
  • 5. SWOT analysis of antivirus software 3. Opportunity -:  Favorable time for the company is there is no recession and company gets as many as project from foreign country or from Indian company.  Outsourced antivirus marketing projects from other company  Long term selling and distribution of the antivirus projects.  Design marketing strategy and marketing plan of other company.  Project of online marketing of the antivirus website. 4. Threats -:  For Software Company recession is the major threats.  Inflation increases can also be threats to a company.  Not getting appropriate skill employee for a particular projects.  Not getting the long term marketing and selling and distribution of the projects. 12/20/2011 MIT School of Business 5
  • 6. Idea Generation  Internal idea sources: From friends and faculty of MITSOB.  External idea sources: Customers of antivirus, competitors in antivirus. 12/20/2011 MIT School of Business 6
  • 7. Idea Screening  Product development costs increase substantially in later stages.  Ideas are evaluated against criteria; most are eliminated. 12/20/2011 MIT School of Business 7
  • 8. Concept Development and Testing  versions of antivirus is created.  target costumers of antivirus are those who are using internet to evaluate product concepts. 12/20/2011 MIT School of Business 8
  • 9. Marketing Strategy Development • The target market, product positioning, and sales and profits for three years. • marketing mix strategy. • Product price, distribution, and marketing budget for three years. 12/20/2011 MIT School of Business 9
  • 10. Marketing strategy and market Testing Marketing strategy -: ◦ Marketing targeting ◦ Positioning strategy Market testing -: ◦ Testing industrial antivirus products. 12/20/2011 MIT School of Business 10
  • 11. Commercialization ◦ By marketing plan. ◦ Monitoring and control. 12/20/2011 MIT School of Business 11
  • 12. Limitation  Browsing pattern (which website are open in foreign country) according to it antivirus is design. So it increases the work load of the company for every country we had to design.  Companies were not ready to disclose the material facts.  Time for the study was limited to only two months.  It was difficult to know whether willing respondent were truly representative.  There was lack of adequate data for survey.  Faced problem in taking appointment. 12/20/2011 MIT School of Business 12
  • 13. Product Life-Cycle Strategies of Antivirus capsule ◦ Product class (internet security) ◦ Product form (antivirus) ◦ Brand (antivirus capsule) 12/20/2011 MIT School of Business 13
  • 14. Product Life-Cycle Strategies of Antivirus capsule Product development ◦ Begins when the Narmada Computers develops a new-product idea ◦ Sales are zero ◦ Investment costs are high ◦ Profits are negative 12/20/2011 MIT School of Business 14
  • 15. Product Life-Cycle Strategies of Antivirus capsule Introduction ◦ Low sales ◦ High cost per customer acquired ◦ Negative profits ◦ Innovators are targeted ◦ Little competition 12/20/2011 MIT School of Business 15
  • 16. Marketing Strategies of antivirus capsule Introduction Stage ◦ Product – Offer a basic product ◦ Price – Use cost-plus basis to set ◦ Distribution – Build selective distribution ◦ Advertising – Build awareness among early adopters and dealers/resellers ◦ Sales Promotion – Heavy expenditures to create trial 12/20/2011 MIT School of Business 16
  • 17. Product Life-Cycle Strategies of Antivirus capsule Growth ◦ Rapidly rising sales ◦ Average cost per customer ◦ Rising profits ◦ Early adopters are targeted ◦ Growing competition 12/20/2011 MIT School of Business 17
  • 18. Marketing Strategies of antivirus capsule Growth Stage ◦ Product – Offer product extensions, service, warranty ◦ Price – Penetration pricing ◦ Distribution – Build intensive distribution ◦ Advertising – Build awareness and interest in the mass market ◦ Sales Promotion – Reduce expenditures to take advantage of consumer demand 12/20/2011 MIT School of Business 18
  • 19. Product Life-Cycle Strategies of Antivirus capsule Maturity ◦ Sales peak ◦ Low cost per customer ◦ High profits ◦ Middle majority are targeted ◦ Competition begins to decline 12/20/2011 MIT School of Business 19
  • 20. Marketing Strategies of antivirus capsule Maturity Stage ◦ Product – Diversify brand and models ◦ Price – Set to match or beat competition ◦ Distribution – Build more intensive distribution ◦ Advertising – Stress brand differences and benefits ◦ Sales Promotion – Increase to encourage brand switching 12/20/2011 MIT School of Business 20
  • 21. Product Life-Cycle Strategies of Antivirus capsule Decline ◦ Declining sales ◦ Low cost per customer ◦ Declining profits ◦ Laggards are targeted ◦ Declining competition 12/20/2011 MIT School of Business 21
  • 22. Marketing Strategies of antivirus capsule Decline Stage ◦ Product – Phase out weak items ◦ Price – Cut price ◦ Distribution – Use selective distribution: phase out unprofitable outlets ◦ Advertising – Reduce to level needed to retain hard-core loyalists ◦ Sales Promotion – Reduce to minimal level 12/20/2011 MIT School of Business 22
  • 23. Management lesson  Punctuality  hard work/smart work  problem solving approach  Analytical skill  Creative imagination  Practical thinking  Innovative thinking  Initiator  Sense of reality  Holistic view  Insight thinking  Action oriented approach  Seeing the relative nature  Judgment  Alertness 12/20/2011 MIT School of Business 23