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   Name of the Product: Jaul

   Type of Product: Green Coconut Water

   Ingredients: Pure natural green coconut
    water, Sugar, mineral salts, vitamins C.

   Container: Stylish glass bottle

   Container size: 250 ml, 500 ml, 1 Litre

   Product Price: 250 ml for Rs. 12, 500 ml for Rs.
    18, 1 litre for Rs. 38
  Direct competitors:    Indirect competitors:
1.   Coconut water       1. Diet pepsi
2. Coconut powder        2. Diet coke

                         3. Tang
                         4. Rasna
                         5. Tropicana
                         6. Dabur- Real
                         7. Branded mineral water
                         8. Amul- butter milk
                             (chaas)
   The green coconut water will be very much
    refreshing and provide great support to the
    sick and health conscious people.

   Ingredients: pure natural green coconut
    water, sugar, vitamin C, mineral salts.

   Hot climate areas: Mumbai and Delhi.
   Customer

   Competitors

   Company

   Context
    Population size: Mumbai, Delhi, Kerala and Goa

  Market trend:
1.  Health conscious people basically the sports person
    are one of our largest target market.

2.    Our total population is young. This is a significant
      number that we have to concern about them and
      provide product, which is fit for them.

  They prefer to drink :
1.  Juices like Tropicana, Real fruit juice, etc.
2.  Mineral water like Bisleri, Aqua, etc.
 Direct competitors:
1. Coconut water
2. Coconut powder
   These companies can try to entrance our market by
    launching new product lines to compete us.

   Yet, we have distinct competitive advantage i.e our
    product is still brand new.

    The other companies will take sometimes to enter
    into the market.

   Till then we can have a monopoly market condition.

   The other advantage that we have is lower price.

   Will sell products in reasonably lower price then other
    competitors do.
    To compete with the major competitors we can adopt the
     following measures:

1.    Providing the best service to create high customer
      satisfaction

2.    Reasonable and acceptable pricing

3.    Promising and providing top quality product

4.    Launching highly effective mass promotional activities

5.    Continuous innovation and modification of the products

6.    Creating and maintaining long term customer relationship

7.    Creating “Brand Loyalty” among the target consumers
  Strengths:
1.   Available input materials
2.   Low production cost
3.   Technological and marketing knowledge
4.   Strong distribution channel
5.   Easy manufacturing process
6.   Reasonable price

  Weaknesses:
1.  It is easy to copy the idea by others
2.  Taste differ from the natural green coconut water
3.  Green coconut water cannot be preserved for longer
    period
Porters five force model
   It describes the ease of entry for competitors to the
    market and start competing, and barriers to entry
    which may exist in the industry.

   The company named Parle Agro, which sells fruit
    drinks like Frooti, Appy, LMN and Saint Juice, said it is
    extending its Bailley packaged drinking water
    through the new product.

   The firm said the move is in line with its vision to be
    present across all beverage categories.

   Still Real and Tropicana dominate the market with
    strong brand name.
   It describes the ease with which a product or
    a service can be substituted or
    replaced, especially made cheaper.

   Bottled water, soft drinks, coffee, tea, non
    carbonated drinks.

   Other substitutes are
    Frooti, Slice, Maaza, LMN.
    Major industry players:
    (Tropicana, real fruit juice)

   Juice industry dominated by big players like
    Tropicana and real.

   Tropicana and Real juices are the main
    leaders of Rs150crore juice industry where
    Dabur’s Real owns 57% of the organized
    market
   It describes the position of the seller and
    determine whether few or many suppliers
    exist.

   Sugar, packaging materials and equipment.

   Many sources for sugar in the open market.

   There are large number of potential suppliers
    in the market, therefore, the prices become
    competitive.
   It describes the position of the buyer sand
    determines how much customers can impose
    pressure on margins and volumes.

   Fast food joints, vending machines, supermarkets
    and mass merchandising channels.

   Fast food joints are important avenue to build
    brand recognition and loyalty.
Market Segmentation and
        Targeting
   Our company wants to develop and introduce a
    new Product.

   So, we have gathered information through in-
    depth interviews.

    We made a survey of the market to have a clear
    idea about our market, our customer
    demand, needs and wants.

    This information helps us to know about the
    current market and prospects of our new
    product.
   Jaul” wants to satisfy its customers need. Our
    first consideration is to provide the best product
    to its customers. That’s why we offer three
    different sizes of bottle with different prices for
    its different segment of customers.

   250 ml: The lowest price for the rural mid social
    class and individuals.

   500 ml: Its target the sick people and tourist

   1 litre: For a small family.
    We have observed and analyzed the market and based
     on the nature of the market we segmented the market
     in the following sectors:

1.    Geographic Segmentation: Basically those places
        where we get coconut water. Example: Kerala and
      Goa. Even those places where the climate is hot like
      Mumbai and Delhi.

2.    Demographics: Individuals
                               Family
                            Sportsman
                         Business buyer
   Psychographics: Higher class
                    Higher mid class
                      Middle class

   Behavioral: Sick people
                Health conscious
                 Sportsmen
   Analyzing all the segments, we decided our
    target market according to our product category.

    The target customers of “Jaul” are sick
    people, health conscious people, sportsmen and
    tourists.

   The company decided to charge Rs. 12 for 250
    ml bottles, Rs. 18 for 500 ml bottles and Rs. 38
    for 1 Litre bottles.
    Therefore charging the mentioned prices are
     justified. The following graph gives a clear
     idea of our target market:

1.    Health Conscious - 32%
2.    Sick people - 43%
3.    Tourist - 3%
4.    General people - 22%
   Health conscious: Health conscious people basically the sports
    person are one of our largest target market. One third of our total
    population is young. About 5 million people of this total number
    are health conscious. They spend about Rs. 500 in a month in
    average.

   Sick people: Sick people are one of our major considerations.
    More than 1 million children suffer from diarrhea that need liquid
    food. Not only child but also the adult might suffer from those
    types of problems.

   Tourists: Every year a huge number of tourists visit India. We want
    to provide them with “Jaul”.

   General Customers: Besides the above segments, the general
    customers will acquire a significant portion of our target market.
   Our objective is fully professionalized and we
    have the target to provide service in a familiar
    atmosphere and with greater warmth
   Name of the Product: Jaul

   Type of Product: Green Coconut Water

   Ingredients: Pure natural green coconut
    water, Sugar, mineral salts, vitamins C.

   Container: Stylish glass bottle

   Container size: 250 ml, 500 ml, 1 Litre

   Product Price: 250 ml for Rs. 12, 500 ml for Rs.
    18, 1 litre for Rs. 38
    We have decided to set a reasonable price for our product when
     we will develop it. We considered many factors in setting the
     pricing policy. We will describe a six-step procedure:

1.    Setting the pricing objectives

2.    Determining Demand

3.    Estimating costs

4.    Types of cost and level of production

5.    Analyzing competitor’s costs, prices and offer

6.    Selecting a pricing method
   Our company has decided where it wants to
    position its market offering. We have chosen
    our objective to maximize market share. We
    believe that a higher sales volume will lead to
    lower unit costs and higher long-run profit.
    We have set the lower price because we
    assume that the market is price sensitive. Our
    overall objective is to capture the maximum
    market share by setting lower price.
    Determining Demand:
1.    Each price will lead to different level of demand and therefore
      have a different impact on company’s marketing objectives.

    Estimating costs:
1.     We have estimated the cost and want to charge a price that
       covers the cost of production, distribution and selling the
       product, including a fair return for its effort and risk.

    Types of cost and level of production:
1.     There are two types of cost: a) fixed and b) variable. In our new
       product development project fixed cost is Rs.2,00,00,000.
       Fixed cost includes- machinery, monthly bills, and salaries of
       employees and so on, regardless of output.

2.     There are some variable costs like-cost of bottle, packaging
       and so on. These costs tend to be constant per unit production.
       We have estimated that per unit variable cost is Rs. 6.3 for 250
       ml, Rs. 12.6 for 500 ml and Rs. 24.4 for 1 litre.
    Analyzing competitor’s costs, prices and offer:
1.    We have analyzed our competitors’ price and
      found that coconut water charges Rs.10 and
      coconut powder packets charges Rs. 25.



  Selecting a pricing method:
1.   We have chosen the target costing method to set
     price for our product; pricing that starts with an
     ideal selling price based on customer
     considerations, then target cost will ensure that
     the price is met.
   To acquire a strong position in the
    market, we need to give special emphasis on
    effective promotional activities. In order to
    get the maximum market share we will have
    to use all four tools of marketing promotion.
    Specially, advertising through mass media
    will support us a lot.
    Advertising:
1.    We initially will give more emphasis on paper ads and TV
      commercials. Because, advertising through these media is
      the most effective way to reach the customers and position
      our product in their mind. We are anticipating that this will
      have a massive impact on the teenagers and other
      enthusiasts. Few neon signs and bill boards of “Jaul” also
      can be set up in some core points of the city. We hope to
      reach 75% of our customers through effective advertising.

    Personal Selling:
1.    Though personal selling skill is not that much effective for
      convenient products like “Jaul”, we will inspire and train the
      sales persons of the retail stores to convince people to buy
      our product when they will come to buy any drinks item.
      The sales persons will inform the consumers about the
      cool refreshing taste of “Jaul” and about the nutritious
      aspects. We hope that will play a significant role to
      increase our sales.
    Promotional Tools:
1.     We have also planned to apply some promotional tools. Initially
       for sometimes we will distribute our product at 50% discount
       just make our new product familiar with the customers. This will
       be the market-testing period for our product. Later, we may
       apply the strategy of giving gifts, lucky coupons, tour tickets
       depending on the market and competitive situations.

    Public Relations:
1.     We have future plans to hold seminars, commit social
       development, supporting social activities, to arrange cultural
       functions and mobile game shows for publicity purpose.

    Distribution Channel
1.     In the initial stage, we will distribute the products with our sole
       distribution channel. When our market will spread out, we will
       distribute our products through dealers. We will set our own
       outlets in few core market positions. When we will go for mass
       marketing, we will supply our product nationwide through
       dealers. Our dealers will take the products to every district of
       the country. “Jaul” will be available in all retail stores of the
       country.
    Locations
1.     We will set our manufacturing and other working areas in
       convenient locations. We will prefer the locations to set up our
       manufacturing firms, warehouses and inventories in different
       core business points of the country where it will be easier to
       both collect the raw materials and transport the final goods to
       the market.

    Human Resource
1.     The board of directors will be responsible for the recruiting
       activities. Recruiting will be done through written tests
       followed by interviews.

    Technological Aspects
1.     To create and innovate new quality products we need to use
       advanced technology. We need high tech machineries imported
       from the foreign countries. Not to mention, skilled people to
       operate them. We have already studied all the technical
       aspects and prepared a list of instruments and their costs. The
       machinery will be collected when required.
Thank you

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jaul coconut water

  • 1.
  • 2. Name of the Product: Jaul  Type of Product: Green Coconut Water  Ingredients: Pure natural green coconut water, Sugar, mineral salts, vitamins C.  Container: Stylish glass bottle  Container size: 250 ml, 500 ml, 1 Litre  Product Price: 250 ml for Rs. 12, 500 ml for Rs. 18, 1 litre for Rs. 38
  • 3.  Direct competitors:  Indirect competitors: 1. Coconut water 1. Diet pepsi 2. Coconut powder 2. Diet coke 3. Tang 4. Rasna 5. Tropicana 6. Dabur- Real 7. Branded mineral water 8. Amul- butter milk (chaas)
  • 4. The green coconut water will be very much refreshing and provide great support to the sick and health conscious people.  Ingredients: pure natural green coconut water, sugar, vitamin C, mineral salts.  Hot climate areas: Mumbai and Delhi.
  • 5. Customer  Competitors  Company  Context
  • 6. Population size: Mumbai, Delhi, Kerala and Goa  Market trend: 1. Health conscious people basically the sports person are one of our largest target market. 2. Our total population is young. This is a significant number that we have to concern about them and provide product, which is fit for them.  They prefer to drink : 1. Juices like Tropicana, Real fruit juice, etc. 2. Mineral water like Bisleri, Aqua, etc.
  • 7.  Direct competitors: 1. Coconut water 2. Coconut powder
  • 8. These companies can try to entrance our market by launching new product lines to compete us.  Yet, we have distinct competitive advantage i.e our product is still brand new.  The other companies will take sometimes to enter into the market.  Till then we can have a monopoly market condition.  The other advantage that we have is lower price.  Will sell products in reasonably lower price then other competitors do.
  • 9. To compete with the major competitors we can adopt the following measures: 1. Providing the best service to create high customer satisfaction 2. Reasonable and acceptable pricing 3. Promising and providing top quality product 4. Launching highly effective mass promotional activities 5. Continuous innovation and modification of the products 6. Creating and maintaining long term customer relationship 7. Creating “Brand Loyalty” among the target consumers
  • 10.  Strengths: 1. Available input materials 2. Low production cost 3. Technological and marketing knowledge 4. Strong distribution channel 5. Easy manufacturing process 6. Reasonable price  Weaknesses: 1. It is easy to copy the idea by others 2. Taste differ from the natural green coconut water 3. Green coconut water cannot be preserved for longer period
  • 12. It describes the ease of entry for competitors to the market and start competing, and barriers to entry which may exist in the industry.  The company named Parle Agro, which sells fruit drinks like Frooti, Appy, LMN and Saint Juice, said it is extending its Bailley packaged drinking water through the new product.  The firm said the move is in line with its vision to be present across all beverage categories.  Still Real and Tropicana dominate the market with strong brand name.
  • 13. It describes the ease with which a product or a service can be substituted or replaced, especially made cheaper.  Bottled water, soft drinks, coffee, tea, non carbonated drinks.  Other substitutes are Frooti, Slice, Maaza, LMN.
  • 14. Major industry players: (Tropicana, real fruit juice)  Juice industry dominated by big players like Tropicana and real.  Tropicana and Real juices are the main leaders of Rs150crore juice industry where Dabur’s Real owns 57% of the organized market
  • 15. It describes the position of the seller and determine whether few or many suppliers exist.  Sugar, packaging materials and equipment.  Many sources for sugar in the open market.  There are large number of potential suppliers in the market, therefore, the prices become competitive.
  • 16. It describes the position of the buyer sand determines how much customers can impose pressure on margins and volumes.  Fast food joints, vending machines, supermarkets and mass merchandising channels.  Fast food joints are important avenue to build brand recognition and loyalty.
  • 18. Our company wants to develop and introduce a new Product.  So, we have gathered information through in- depth interviews.  We made a survey of the market to have a clear idea about our market, our customer demand, needs and wants.  This information helps us to know about the current market and prospects of our new product.
  • 19. Jaul” wants to satisfy its customers need. Our first consideration is to provide the best product to its customers. That’s why we offer three different sizes of bottle with different prices for its different segment of customers.  250 ml: The lowest price for the rural mid social class and individuals.  500 ml: Its target the sick people and tourist  1 litre: For a small family.
  • 20. We have observed and analyzed the market and based on the nature of the market we segmented the market in the following sectors: 1. Geographic Segmentation: Basically those places where we get coconut water. Example: Kerala and Goa. Even those places where the climate is hot like Mumbai and Delhi. 2. Demographics: Individuals Family Sportsman Business buyer
  • 21. Psychographics: Higher class Higher mid class Middle class  Behavioral: Sick people Health conscious Sportsmen
  • 22. Analyzing all the segments, we decided our target market according to our product category.  The target customers of “Jaul” are sick people, health conscious people, sportsmen and tourists.  The company decided to charge Rs. 12 for 250 ml bottles, Rs. 18 for 500 ml bottles and Rs. 38 for 1 Litre bottles.
  • 23. Therefore charging the mentioned prices are justified. The following graph gives a clear idea of our target market: 1. Health Conscious - 32% 2. Sick people - 43% 3. Tourist - 3% 4. General people - 22%
  • 24. Health conscious: Health conscious people basically the sports person are one of our largest target market. One third of our total population is young. About 5 million people of this total number are health conscious. They spend about Rs. 500 in a month in average.  Sick people: Sick people are one of our major considerations. More than 1 million children suffer from diarrhea that need liquid food. Not only child but also the adult might suffer from those types of problems.  Tourists: Every year a huge number of tourists visit India. We want to provide them with “Jaul”.  General Customers: Besides the above segments, the general customers will acquire a significant portion of our target market.
  • 25. Our objective is fully professionalized and we have the target to provide service in a familiar atmosphere and with greater warmth
  • 26.
  • 27. Name of the Product: Jaul  Type of Product: Green Coconut Water  Ingredients: Pure natural green coconut water, Sugar, mineral salts, vitamins C.  Container: Stylish glass bottle  Container size: 250 ml, 500 ml, 1 Litre  Product Price: 250 ml for Rs. 12, 500 ml for Rs. 18, 1 litre for Rs. 38
  • 28. We have decided to set a reasonable price for our product when we will develop it. We considered many factors in setting the pricing policy. We will describe a six-step procedure: 1. Setting the pricing objectives 2. Determining Demand 3. Estimating costs 4. Types of cost and level of production 5. Analyzing competitor’s costs, prices and offer 6. Selecting a pricing method
  • 29. Our company has decided where it wants to position its market offering. We have chosen our objective to maximize market share. We believe that a higher sales volume will lead to lower unit costs and higher long-run profit. We have set the lower price because we assume that the market is price sensitive. Our overall objective is to capture the maximum market share by setting lower price.
  • 30. Determining Demand: 1. Each price will lead to different level of demand and therefore have a different impact on company’s marketing objectives.  Estimating costs: 1. We have estimated the cost and want to charge a price that covers the cost of production, distribution and selling the product, including a fair return for its effort and risk.  Types of cost and level of production: 1. There are two types of cost: a) fixed and b) variable. In our new product development project fixed cost is Rs.2,00,00,000. Fixed cost includes- machinery, monthly bills, and salaries of employees and so on, regardless of output. 2. There are some variable costs like-cost of bottle, packaging and so on. These costs tend to be constant per unit production. We have estimated that per unit variable cost is Rs. 6.3 for 250 ml, Rs. 12.6 for 500 ml and Rs. 24.4 for 1 litre.
  • 31. Analyzing competitor’s costs, prices and offer: 1. We have analyzed our competitors’ price and found that coconut water charges Rs.10 and coconut powder packets charges Rs. 25.  Selecting a pricing method: 1. We have chosen the target costing method to set price for our product; pricing that starts with an ideal selling price based on customer considerations, then target cost will ensure that the price is met.
  • 32. To acquire a strong position in the market, we need to give special emphasis on effective promotional activities. In order to get the maximum market share we will have to use all four tools of marketing promotion. Specially, advertising through mass media will support us a lot.
  • 33. Advertising: 1. We initially will give more emphasis on paper ads and TV commercials. Because, advertising through these media is the most effective way to reach the customers and position our product in their mind. We are anticipating that this will have a massive impact on the teenagers and other enthusiasts. Few neon signs and bill boards of “Jaul” also can be set up in some core points of the city. We hope to reach 75% of our customers through effective advertising.  Personal Selling: 1. Though personal selling skill is not that much effective for convenient products like “Jaul”, we will inspire and train the sales persons of the retail stores to convince people to buy our product when they will come to buy any drinks item. The sales persons will inform the consumers about the cool refreshing taste of “Jaul” and about the nutritious aspects. We hope that will play a significant role to increase our sales.
  • 34. Promotional Tools: 1. We have also planned to apply some promotional tools. Initially for sometimes we will distribute our product at 50% discount just make our new product familiar with the customers. This will be the market-testing period for our product. Later, we may apply the strategy of giving gifts, lucky coupons, tour tickets depending on the market and competitive situations.  Public Relations: 1. We have future plans to hold seminars, commit social development, supporting social activities, to arrange cultural functions and mobile game shows for publicity purpose.  Distribution Channel 1. In the initial stage, we will distribute the products with our sole distribution channel. When our market will spread out, we will distribute our products through dealers. We will set our own outlets in few core market positions. When we will go for mass marketing, we will supply our product nationwide through dealers. Our dealers will take the products to every district of the country. “Jaul” will be available in all retail stores of the country.
  • 35. Locations 1. We will set our manufacturing and other working areas in convenient locations. We will prefer the locations to set up our manufacturing firms, warehouses and inventories in different core business points of the country where it will be easier to both collect the raw materials and transport the final goods to the market.  Human Resource 1. The board of directors will be responsible for the recruiting activities. Recruiting will be done through written tests followed by interviews.  Technological Aspects 1. To create and innovate new quality products we need to use advanced technology. We need high tech machineries imported from the foreign countries. Not to mention, skilled people to operate them. We have already studied all the technical aspects and prepared a list of instruments and their costs. The machinery will be collected when required.

Editor's Notes

  1. The green coconut water will be very much refreshing and provide great support to the sick and health conscious people.
  2. The Soft drink industry is very much competitive. Many soft drink and juice companies have acquired a significant portion of the market. But the unique features of “Jaul” will take it far beyond the reach of the competitor. Because, no one has yet thought about selling green coconut water in such a specialized way.
  3. The green coconut water will be very much refreshing and provide great support to the sick and health conscious people.