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Sunday, March 3, 2019
Case Write-Up
In the sense of the promotions, Population Services world-wide distributed to both Raja and Maya $400,000 advertising dollars per year, which was the second largest of all advertisers In Bangladesh. Their improve custodyt was to skip the Intermediate level of Influences and go directly to consumers. In this case, It plant life to snitch Raja condoms directly to the market since Its more than like a champion-time use consumer products. However, itll be difficult for Maya to build up the brand human body since customers perceived Maya as a drug, which will bring more concerns when pile try to buy oral contraceptives.Hence, it still needs recommendations from doctors to convey the say-so and proper information ab knocked out(p) the drug. Third, the pricing of Raja and Maya can as well as be an influence to their performance when compared to their competitors legal injury. For example, Raja is priced more than competitor Tahiti, which is disposal sponsored condom manufacturer . The higher(prenominal) price of Raja made a bonus image for customers to buy the condoms even If the price is higher. On the other hand, however, Maya is priced rase than its competitors, creating a hurting image that for oral medicines, cheaper may mean injurious laity.And this situation got worse when it didnt run the recommendations from intermediate level influences. Finally, the distributions for both products were to focus on directly to customers. So SSI planned to sell their products via pharmacies, general stores, and pan stores. Nevertheless, the deviance in nature of these two products caused deferent performance. For Raja, its easily to sell their products since men accounted for 80% of the purchasing behaviors of the birth control products.But it became difficult for Maya to have the comparable efficiency since people till prefer to see a doctors forward decide which medicine is safe and reliable, which Is the critical cause for the sluggish sales of Maya. 2) How do you characterize the competitive environment in Bangladesh? That Is, when you look at SSI vs.. The other organizations In the space, how do they view each other? How does this differ from the other for- cabbage contexts weve studied? What might It mean for the strategy? ) Create a marketing plan for Improving sales of Maya Given the analysis that I described before, It Is the difference In nature that causes the difficulty to sell Maya successfully. In order to create a marketing plan for improvement, we need to transmute the flaws in the previous one. To begin with Ill suggest to create a naked as a jaybird brand. To explain, its already been perceived by Bangladesh that Maya is a brand that is cheap and mistakenly regarded as an inferior product. Reputation, competing with their main competitors, which are the government sectors and Vast.So my recommendation for the price would be to price their oral contraceptives the same price around their competitors, get rid of th e inferior image of the product. Also, Its important to target their customers not just for males but males as well. The reason for this is because for the buying behaviors of the birth control products, 80% of the purchases were made by men. As a result. They can put more effort to their advertising to educate male customers the effectiveness of their products.Finally, to fulfill SKIS goal, which is to prolong their market share to help control Bangladesh population explosion, theyll need to emergence their profit marge to retailers and RPM (Rural Medical Practitioners) in order for them to conjure up more diligently to the end customers to increase the overall market share. To explain, the profit for retailers now are low due to the low pricing of the Maya. So increasing the price of the product will enable SSI to provide higher profit margin to retailers, incentives them to put more selling effort to sell out virgin product.For Ramps, they can be critical since they are th e one that can reach out to distant area and provide their recommendations to consumers. So including the intermediate level of influences will bring a better talk and education to customers, enabling a better brand perception and sensation of the new products. By providing more profit incentives to RPM, well be able to achieve this goal. 4) How will you evaluate your plan? How can you calculate the ROI? The l is comparatively straightforward but how would you go about evaluating the R? What challenges do you bet in this regard as compared with most of the other cases weve discussed? How would you address it? In order for the plan to be feasible, well need to take into account denary information and information from the current selling circumstance of Maya to make a thorough evaluation. To begin with, Ill conduct surveys to see how people perceive the defacement of Maya to make sure that the issue of he produce is the cheap tint and also to see the why customers are unwilling to try out Maya.Moreover, the COPY (Couple Years Protection) for industry and SMS (The Social Marketing Project) products from Exhibit 8 is an indicator for us to observe the change of market share and maturement rate from 1978 to 1983. And based on the change throughout the years, we can promote conclude whether the approach for Maya had problem that need to be addressed. Finally, Ill try to get the distribution data from retailer, wholesaler, and smallholder to see how they sell their products in term f the sales ranking of the products in the same category.Therefore, by using the data mentioned, we can reconstruct a new marketing plan for the new product and focus more on the culture of Bangladesh in terms of selling birth control products. Given our plan can be successfully implemented, we need to figure the challenge in the long run. And since the get a line is lunched by a not-for-profit agency, they mainly relied on funding to support their operation. fit in to the case , the barely earn profit by this product since the profit margin for the product is very low. Challenge, use project, longer no fund
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