2. Established in 1966
First razor blade “Balaka” manufacturer
Monopolistic manufacturer until 1976
Cheaper than imported razor blades
Users from lower class & lower middle class
Introduced “Balaka Super” in 1985
3. Improving quality a bit
Increasing price than Balaka
Targeting upper middle class users
Discontinuing sales of Balaka
Dramatically failing market
4. 1
• Higher price than Balaka
2
• Change of target customer
3
• Product name selection
4
• Low ranged market survey
5
• Wrong market idea
6
• Stronger competitors
5. Recommendations for marketing B/S
Not banning Balaka out from market
Not neglecting lower class users
Selecting a different name
Analyzing competitor’s prices
Surveying in the rural areas
Not underestimating competitors