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Target Market
1. Students at Taylor’s University Lakeside Campus
a. Total student population approximately 20,000;
b. Mixed gender and race local students 65%, international students 35%;
c. Mainly aged 18 to 24;
d. From mid to high income families;
e. Have a sense of fashion trends;
f. Generous and caring students who are willing to donate to a worthy charitable cause.
2. Friends, family and relatives
a. Mixed gender and race;
b. Various ages;
c. Mid to high income;
d. Interested in trend of fashion.
3. Hand accessories lovers
a. Mixed gender and race;
b. Various ages;
c. Strong enthusiasm and passion towards hand accessories;
6.
Competition Analysis
Basically, our competitors are the groups which doing the business same as us for charity drive.
Two main competitors which is closer to our group is :
1) Henna Temporary Tattoo Group ( Erica Chin’s Group)
The main business of this group is hand drawing temporary henna. Besides that this
business, they also sell different vintage style of accessories such as necklace, earrings and
bracelets. The stall is located far from us but the business of their stall is very good.
Advantages:
Location of the stall is near to the area of people come into school. This gives a big benefit of
catching the attention of people who just arrive school. Besides than that, the necklace and
earrings are very cheap. The price is cheaper than our products. Besides that, charms on
bracelets can customize by customer and choose what they like.
Weakness:
Although the selling of products of their is quite well, but the products are not on the trend.
Moreover, the bracelets and necklaces only suitable for girls which reduce the area of target.
2) Fashion Accessories and outfit Group ( Ngo Jia Haur’s Group)
This group sell variety of items such as Tshirt, Dota keychain, phone casing and necklace.
Basically, this business have less influence compared to the first one. The only same category
to our products are necklaces which our products are bracelets.
Advantages:
The necklaces are cheap and attractive. People especially girls prefer shiny necklaces due to its
beautiful and elegance. Games lovers will definitely choose to visit their booth at first. They also
use the strategy of reducing price if more items are bought.
15.
Human Resource Planning
Due to the limitation number of each group, so every one of us in charge of several job scope.
Team Member Job Scope
Lim Yang Kang Project Leader, Social Media Manager,
Paracord Bracelet Designer, Paracord
Bracelet Maker
Erica Lo Set Lek Accountant, Treasurer, Receptionist,
Saleswoman
Cheok Jian Shuang Receptionist, Paracord Bracelet Designer,
Paracord Bracelet Maker, Saleswoman
Lucas Ong Tun Cheik Salesman, Paracord Bracelet Maker,
Marketing Strategist
Team Organizational Chart
16.
Evaluation of Results
It is in the author’s opinion that we have done really well in sales. We have succeeded in
generating massive demand for our products, and are able to produce enough supply to meet
that demand. However, we encountered pitfalls with the arrival of the buckles and paracords
which purchased through the web. The arrival of both items were always delayed due to some
technical issues, causing the delay in our braceletmaking process. In addition, we ran into
massive difficulties in production. Although in the end we were able to meet the demand, there
is no denying the massive efforts, energy as well as overhead costs needed to sustain sizable
production rates.
If this event were to be run again, we would streamline our production, search for another
trustable material suppliers, and perhaps we could have ignored the negative condemnation
received and instead, have confidence in ourselves and our cause.