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Tanisque
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Tanishq: Positioning to Capture the Indian Woman’s Heart
Prepared by:
A.Arputha Selvaraj
APMP IIM Calcutta
OVERVIEW Indian Jewellery industry
Tanishq and Goldplus SWOT analysis
Problem Analysis
Success Strategies
Financial Analysis
Recommendations
India’s Gold Jewelry Industry Indian gold jewelry market ~ $12 Billion
Indian wedding jewelry - ~ 70% of jewelry market
Wedding trousseau consisting of at least 5 pieces ~ $7500 (2008 Gold Price)where per capita income was ~ $1,089
India’s Annual Gold Consumption
The Rising Price of Gold
Gold Consumer Market Segmentation
Tanishq SWOT AnalysisSTRENGTHS WEAKNESSES Capital
Flexibility
Innovative
Modern Style
Excellent & outstanding advertisement strategy
‘Not for me’
Gold Purchase Rituals
Gold Perceptive
Tanishq SWOT AnalysisOPPORTUNITIES THREATS TATA Support
The Wedding Market
Globalization
GoldPlus
Local Jewelers
Gold Significance
Government Regulations
GoldPlus SWOT AnalysisSTRENGTHS WEAKNESSES Marketing Strategy
TATA Support
Traditions & Values
Limited Outlets
GoldPlus SWOT AnalysisOPPORTUNITIES THREATS Outlets
The Rural Market
Tanishq
Government Regualtions
Design Stealers
Vision of Undisciplined Boy!
Problem Analysis
Heavy Competition
Failure of Gold watches
Failure to tap wedding Market
‘‘Not for Me’’ perception
Internal conflicts between Tanishq and Goldplus
Successful Strategies
Complete positioning
Introduction of studded Jewelery
Very high promotion
Pioneering the Karatmeter
Elimination of traditional middlemen
Jewelers Tanishq
Vendor or Middlemen Head Karigars
Head Karigars Unorganized Karigars
Unorganized Karigars
Traditional system Vs. Tanishq system
Graph showing the total sales of Tanishq from 1998-2007:
Recommendations Tanishq & GoldPlus, compliment each other
Understand their market territories & Characteristics
Capitalize their strengths
Cross Branding the market to own a larger share
Going Global and teaming up with Indian entertainment products internationally
Thank you