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This ppt what market entry strategy a company can follow before entering the Indian market and also describes the why Nokia had a downfall and the steps it can follow for its revival
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Cath Labs Industry Cath Labs Industry
Case2Case2 • Rising incidence of cardiac diseases is driving the
catheterization laboratory market in India in 2012.
Growth Drivers:• Increasing demand from government hospitals, corporate
healthcare providers, and private enterprises.• Easy availability of highly skilled professionals in the field of
cardiology and vascular care.
Major Vendors:• Philips - Allura FC, StentBoost • GE- ComboLab system• Siemens - Artis Zeego system• Shimadzu - HeartSpeed 10F and 10C• Komega Impex
Changing Scenarios:• Previously, cath labs were used for study of blood flow and
blood pressure in the heart, but subsequently, they were used for coronary treatments.
• These days high image quality, ease of operation, optimization, reliability, after-sales service, low price, and multiple application features are some of the major desirable features in cath labs.
Challenges:• Quality, penetration and reliable after sales service.
References-www.medicalbuyer.co.in,www.placidway.com
Points before entering the Indian Market: Points before entering the Indian Market:
Case2Case2
• As the healthcare industry in India is on a rise, it is very important to do a complete market research of the existing competition.
• Identifying the potential number of customers and their density in different parts of the country is also very important.
• Whether importing the machinery as CBU (Completely Built Unit) or CKD (Completely knocked down) and assembling it in India or going for manufacturing in India itself.
• Analyzing the current average health trend (i.e. current common heart diseases, eating habits, expected diseases, etc.) of the Indian population and deciding accordingly the right time to enter the Indian market.
• Whether to go for company owned private centers or hospitals or poly clinic tie ups, etc.
• Comparing the prices with the competitors, studying and analyzing the demand of your product, quality offered, etc. need to be considered while deciding the price of the product.
• Clearance and licensing from the government entities before starting the business in India.
• Whether to go for merger and acquisition, partnership, etc. with an already existing local player.
• Adaptability and flexibility of the company to enter a new market altogether i.e. Indian healthcare industry and its changing scenarios .
References: Kotler, www.placidway.com, Prof Sahni
Marketing Strategy: Marketing Strategy:
Case2Case2
Segmentation:•Cost of each cathedral surgery ranges between $2000 and $2400 and thus the patients’ affordability range has to be considered.•Middle class, upper middle class and upper class has to be targeted initially.Targeting:•Multi specialty hospitals, ploy clinics, dedicated cardiac hospitals and research centers, government funded big hospitals example AIIMS, Safdarjung, etc.Positioning:•Metropolitan cities, big towns having population greater than 10,00,000 and upcoming cities example NCR regions.
Other points:•Tie ups or mergers and acquisitions with local players for a pre set marketing & sales team and distribution network will help reduce initial costs, employee generation and use of existing customer base.•Providing quality products at minimal costs possible to win the initial customers.•Setting up a reliable and strong after sales service network.•Catch the rural untouched market by providing cheap yet quality solutions.•Promotion well in advance before the launch to gain the early market share.
References: Kotler, www.placidway.com, Prof Sangeeta Sahni, Prof Bhattacharya, www.medicalbuyer.com
Current mobile market scenario Current mobile market scenario
Case4Case4
• Worldwide mobile phone market share is dominated by
smartphones.
• Android operating system(OS) based smartphones’ and iOS
based smartphones’ shipments accounts for 75% and 14.9% of
the market share in Q3, 2012.
• Symbian OS and Windows OS account for 2.3% and 2.0% of
the market share in Q3, 2012.
• Samsung and apple occupy for 23.7% and 6.1% of the market
share for Q3, 2012 compared to 18.7% of market share grabbed
by Nokia.
• Research In Motion, although still a market leader, expects to
start shipping its first BB10 devices in 2013. Motorola, once the
number 3 smartphone vendor worldwide, is redirecting itself
under its parent company Google.
• Nokia and RIM are just two vendors among many that feel the
competitive pressure of Samsung and Apple, but are striving to
create multiple points of differentiation to assert upward
pressure.
• The one time telecom giant- Nokia, who had its reputed products
spread over 50 countries, has announced a cut of 10,000 jobs,
and a shutdown of 3 facilities, by the end of 2013.
• Nokia valued at $150 billion in 2008 has slipped to only $6billion
in early 2012.
References: www.fonearena.com ,
worldwidegadget.blogspot.in
What went wrong for Nokia What went wrong for Nokia
Case4Case4 • Nokia’s downfall(since 2007) can be linked to the entry of Apple and Google
in the smartphone industry with their iOS and Android operating systems.
• Apple released its first model of iPhone in 2007 which lacked many
important features but included some revolutionary solutions such as
capacitive touch screen , pinch zoom, etc.
• In 2009, Google launched its ‘open source’ operating system; Android which,
is now the biggest smartphone platform within just 3 years of its entry.
• Both Apple and Google have captured almost complete global smartphone
market share.
• Nokia, on the other hand continued to go with Symbian OS lacking regular
updates and comparatively less functionalities, applications and user
friendliness.
• Symbian OS 3 launched with Nokia N8 was also not successful.
• Samsung came up with its completely new, repositioned mobile phones,
using its world class R&D facility which slowly and steadily started to
penetrate the market in which Nokia was enjoying the leadership .
• Nokia, announced its partnership with Microsoft in 2011 for making a range
of Windows based Smartphones but faced serious initial competition from
major players like Samsung and HTC and small players(in terms of market
share) like Acer, Asus, etc. and mixed reviews on its latest Windows OS
based model Lumia 900.
References: www.lemonbase.com, www.techland.time.com
How can the lost position be regained How can the lost position be regained
Case4Case4
• Nokia is still the largest mobile manufacturer company and has one of the largest market
shares and thus has time for revival before it falls down further.
• Nokia is selling a lot of entry level phones in South-Asian and African countries which are
largely contributed by Dual-SIM phones, Asha series phones and other phones based on Series
40 OS.
• Nokia currently holds a market share of 30% in India; the case is similar in most other
developing markets.
• Windows 8 which is gaining attention these days and positive reviews and feedbacks seem
promising for Nokia especially after the success of Lumia 900 over the past one year.
• Mozilla is prepping up an open source smartphone platform completely based on web
technologies such as HTML5 and JavaScript and Nokia might consider it as an alternative choice
to Windows phone.
• An appropriately aggressive market strategy for the latest launched Windows 8 phones can
further boost up the sales.
• Using its huge existing customer base, Nokia can Enter the tablet market i.e expand their
brand portfolio further and target new areas like other major mobile manufacturers like
Samsung, Apple, Blackberry, etc. can help Nokia regain the customers’ confidence and further
expand.
• Nokia should launch a few models in Android to catch the loosing market and gain customer’s
confidence
References: Kotler, Professor Sahni, Professor Bhattacharya, www.businesstoday.com,