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Narmada Computers marketing strategy case study 2012


                                          Company Profile

  Narmada Computers is incorporated on 7th of March 2011.Company registered office is in
  Bhopal (Madhya Pradesh) “The city of lakes “.Company deals in
  1. Create web based solutions that you can access anywhere, anytime.
  2. Provide bespoke software solutions - tailored to your requirements.
  3. Help you discover the potential of your business data.
  4. Support and maintain your existing software and legacy systems.
  5. Increase your productivity by automating repetitive tasks.


  MISSION


  To make simple and unique approach to develop website, by adding new upcoming technology
  like E-commerce applications and Web applications.
  To overcome the problem is in a very efficient and cost effective way.


  VISSION
  To make the company world best in quality website design in innovative
  To sell the software product with very lowest price.




  http://www.narmadacomputers.co.in/                                                Page 1
Narmada Computers marketing strategy case study 2012




  Narmada Computers is a company which deals in Website Design and Development-
  Commerce Development Solutions, software development, open source development ,Steps,
  Tips and Detailed: How to Get A New website, Market survey, New product development
  includes promotion, marketing, selling of new product.




  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.

  Narmada Computers stands for their Credibility, reliability, process standards, innovative
  ideas; goodwill provides satisfactory solutions to the clients. To gain clients goodwill by giving
  them consultancy time to time for the product up gradation in the software project. To make
  software in such a way that the, clients customer’s visit’s will become into repeaters. By
  outsourcing the software project our company adds values to the project and with the unique
  features of giving continuous suggestions to the clients for their software improvement and
  according to the current trends and patterns, and also takes time feedback from customers.




     ●   To understand the present market potential of antivirus in Indian market.
     ●   To forecast the sales of antivirus for the company.
     ●   To find weather it is feasible or not for the company.
     ●   To understand the competition level of antivirus in the market.




  http://www.narmadacomputers.co.in/                                                           Page 2
Narmada Computers marketing strategy case study 2012




  SWOT analysis of Narmada Computers




  Strengths:
     ■   Low cost
     ■   Fully integrated operations from. Lower adverse impact due to market fluctuation.
     ■   Good quality of software and technology for productivity improvement.
     ■    Manpower and good profile of employees.


  Weakness:
     ■   High development cost


  Opportunities:
     ■   High demand growth potential
     ■   High potential for value added products with improved reserves, lower cost of
         production.
     ■   Good scope for expansion and export.
     ■   Competitive advantage to India
  Threats:
     ■   International software development price downward fluctuations.
     ■   Environment concerns and failing tariff structure also affecting profitability.
     ■   Reductions or withdrawals of export benefits.




  http://www.narmadacomputers.co.in/                                                         Page 3
Narmada Computers marketing strategy case study 2012




  Idea Generation
  Internal idea sources:
  From friends and faculty of MITSOB.

  External idea sources:
  Customers of software, competitors in software.


  Idea Screening
  Product development costs increase
  substantially in later stages.

  Ideas are evaluated against criteria; most are eliminated.


  Concept Development and Testing

   versions of software is created.
  target costumers of software are those who are using internet to
   evaluate product concepts.

  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.

  Marketing strategy and market Testing
  Marketing strategy -:
  Marketing targeting
  Positioning strategy




  http://www.narmadacomputers.co.in/                                               Page 4
Narmada Computers marketing strategy case study 2012




  Market testing -:
  Testing industrial software products.

  Commercialization
  By marketing plan.
  Monitoring and control.

  Limitation
  Browsing pattern (which website are open in foreign country) according to it software 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.

  Product Life-Cycle Strategies
  Product class (internet security)

  Product form (software)

  Brand ()

  Product Life-Cycle Strategies

  Product development

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




  http://www.narmadacomputers.co.in/                                                                 Page 5
Narmada Computers marketing strategy case study 2012




  Product Life-Cycle Strategies

  Introduction

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

  Marketing Strategies

  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




  Product Life-Cycle Strategies
  Growth
  Rapidly rising sales
  Average cost per customer
  Rising profits
  Early adopters are targeted
  Growing competition

  Marketing Strategies

  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




  http://www.narmadacomputers.co.in/                                           Page 6
Narmada Computers marketing strategy case study 2012




  Product Life-Cycle Strategies

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

  Marketing Strategies

  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




  Product Life-Cycle Strategies

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

  Marketing Strategies

  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




  http://www.narmadacomputers.co.in/                                          Page 7
Narmada Computers marketing strategy case study 2012




  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




  Question 1 -: Discuss the marketing strategy of Narmada computers? According to you what should
  Narmada computers should do for sustailibility in IT market?


  Question 2 -: How Narmada computers can increase market share in IT market? Suggest with valuable
  comments?

  Question 3 -: Write and suggest on new trends for IT industry?

  Question 4 -: Discuss Product life cycle of Narmada Computers? Give suggestions on the PLC for
  Narmada computers ?




  http://www.narmadacomputers.co.in/                                                               Page 8

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Narmada computers marketing strategy case study

  • 1. Narmada Computers marketing strategy case study 2012 Company Profile Narmada Computers is incorporated on 7th of March 2011.Company registered office is in Bhopal (Madhya Pradesh) “The city of lakes “.Company deals in 1. Create web based solutions that you can access anywhere, anytime. 2. Provide bespoke software solutions - tailored to your requirements. 3. Help you discover the potential of your business data. 4. Support and maintain your existing software and legacy systems. 5. Increase your productivity by automating repetitive tasks. MISSION To make simple and unique approach to develop website, by adding new upcoming technology like E-commerce applications and Web applications. To overcome the problem is in a very efficient and cost effective way. VISSION To make the company world best in quality website design in innovative To sell the software product with very lowest price. http://www.narmadacomputers.co.in/ Page 1
  • 2. Narmada Computers marketing strategy case study 2012 Narmada Computers is a company which deals in Website Design and Development- Commerce Development Solutions, software development, open source development ,Steps, Tips and Detailed: How to Get A New website, Market survey, New product development includes promotion, marketing, selling of new product. 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. Narmada Computers stands for their Credibility, reliability, process standards, innovative ideas; goodwill provides satisfactory solutions to the clients. To gain clients goodwill by giving them consultancy time to time for the product up gradation in the software project. To make software in such a way that the, clients customer’s visit’s will become into repeaters. By outsourcing the software project our company adds values to the project and with the unique features of giving continuous suggestions to the clients for their software improvement and according to the current trends and patterns, and also takes time feedback from customers. ● To understand the present market potential of antivirus in Indian market. ● To forecast the sales of antivirus for the company. ● To find weather it is feasible or not for the company. ● To understand the competition level of antivirus in the market. http://www.narmadacomputers.co.in/ Page 2
  • 3. Narmada Computers marketing strategy case study 2012 SWOT analysis of Narmada Computers Strengths: ■ Low cost ■ Fully integrated operations from. Lower adverse impact due to market fluctuation. ■ Good quality of software and technology for productivity improvement. ■ Manpower and good profile of employees. Weakness: ■ High development cost Opportunities: ■ High demand growth potential ■ High potential for value added products with improved reserves, lower cost of production. ■ Good scope for expansion and export. ■ Competitive advantage to India Threats: ■ International software development price downward fluctuations. ■ Environment concerns and failing tariff structure also affecting profitability. ■ Reductions or withdrawals of export benefits. http://www.narmadacomputers.co.in/ Page 3
  • 4. Narmada Computers marketing strategy case study 2012 Idea Generation Internal idea sources: From friends and faculty of MITSOB. External idea sources: Customers of software, competitors in software. Idea Screening Product development costs increase substantially in later stages. Ideas are evaluated against criteria; most are eliminated. Concept Development and Testing versions of software is created. target costumers of software are those who are using internet to evaluate product concepts. 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. Marketing strategy and market Testing Marketing strategy -: Marketing targeting Positioning strategy http://www.narmadacomputers.co.in/ Page 4
  • 5. Narmada Computers marketing strategy case study 2012 Market testing -: Testing industrial software products. Commercialization By marketing plan. Monitoring and control. Limitation Browsing pattern (which website are open in foreign country) according to it software 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. Product Life-Cycle Strategies Product class (internet security) Product form (software) Brand () Product Life-Cycle Strategies Product development Begins when the Narmada Computers develops a new-product idea Sales are zero Investment costs are high Profits are negative http://www.narmadacomputers.co.in/ Page 5
  • 6. Narmada Computers marketing strategy case study 2012 Product Life-Cycle Strategies Introduction Low sales High cost per customer acquired Negative profits Innovators are targeted Little competition Marketing Strategies 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 Product Life-Cycle Strategies Growth Rapidly rising sales Average cost per customer Rising profits Early adopters are targeted Growing competition Marketing Strategies 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 http://www.narmadacomputers.co.in/ Page 6
  • 7. Narmada Computers marketing strategy case study 2012 Product Life-Cycle Strategies Maturity Sales peak Low cost per customer High profits Middle majority are targeted Competition begins to decline Marketing Strategies 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 Product Life-Cycle Strategies Decline Declining sales Low cost per customer Declining profits Laggards are targeted Declining competition Marketing Strategies 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 http://www.narmadacomputers.co.in/ Page 7
  • 8. Narmada Computers marketing strategy case study 2012 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 Question 1 -: Discuss the marketing strategy of Narmada computers? According to you what should Narmada computers should do for sustailibility in IT market? Question 2 -: How Narmada computers can increase market share in IT market? Suggest with valuable comments? Question 3 -: Write and suggest on new trends for IT industry? Question 4 -: Discuss Product life cycle of Narmada Computers? Give suggestions on the PLC for Narmada computers ? http://www.narmadacomputers.co.in/ Page 8