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Marketing in Indian Scenario
-B.V.Raghunandan, SVS College, Bantwal
MBA Department,
St.Joseph’s College of Engineering,
Vamanjoor, Mangalore
September 20, 2013
I
n
d
i
a
n
M
a
r
k
e
• British contributed to the creation of a national market
• Western exposure during British Rule itself
• Multi-religious, Multi-lingual, Caste Determined Rituals,
Sub-Castes
• Regional Differences
• Festivals and Consumption
• Land of Shortages
Indian Production
• Cottage, Small-Scale and
Family Run Business
• A Few Large Scale
Industries like Cotton
Textile Industries
• No Standardised Quality
• License Raj
• A Few Private Monopoly
• State Monopoly
• Import Restrictions
• Chronic Power Shortage
Indian Consumer
• Head Strong
• Argumentative
• Price Conscious
• Comparison
• Low Brand Loyalty
• Fixed Habits
• Relationship
Marketing
• Local Production
Indian Marketing
• Value for Money
• Universal Availability
• Miniature Packaging
(Sachet)
• Less Importance to
Customer Service
• Less Importance to After
Sale Service
• Ineffective Segmentation
• Online Marketing: II Wave
Indian Marketer
• Machine Gun Approach for Branding
• Sale and Leasing of Brands are frequent
• Value for Money Approach
• Least Concern for After Sales Service until Polar and V-Guard
• Unfair Marketing Practices for Market Domination (Marketing Villains)
• Rational Advertisement
• Marketing Reluctance
Foreign Marketer in India
• Arrogant Marketers
• Brand Building
• Penetrating Advertisements
• Text Book Segmentation
• Growth by Mergers &
Acquisitions
• Inciting Family Feud for the
Competing Promoter
• Spending for Market
Domination
• Urban Bias for a Long Time
Lessons for
the Foreign
Marketer
• Adapt to the needs of the Customer and
do not dictate terms or play on his
psychology
• Rural Areas are the heart of Indian
Marketing
• Mere dependence on Ads may bankrupt
the promoter
• Environment Friendly Product are a
Failure
• Frequent discounts drive away the
customers
• Value for Money is the best strategy
• Conflict of Interest between Corporate
Objectives and Customer need is too
expensive
Emerging
Changes
• Net Marketing
• Chinese Invasion
• Quick Launches
• Claiming Shelf Space
• Increasing Consumer
Confusion
• Dominant Impulsive
Buying
• Too Much of Price
Differential lead to Post
Purchase Dissonance
Challenges in Indian Marketing
• Class Action Suit provided by
Companies Act, 2013
• Getting Regulatory Approvals
• Large Format Stores
• Increasing Product Failure
• Low Quality Ads (perversion)
and Ads attracting social
reaction
• Getting Shelf Space for the
Products
• Getting Loyal Dealership
• Symbolic Surveys & Quicker
Data Perishability
THANK YOU

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Marketing in indian scenario b.v.raghunandan

  • 1. Marketing in Indian Scenario -B.V.Raghunandan, SVS College, Bantwal MBA Department, St.Joseph’s College of Engineering, Vamanjoor, Mangalore September 20, 2013
  • 2. I n d i a n M a r k e • British contributed to the creation of a national market • Western exposure during British Rule itself • Multi-religious, Multi-lingual, Caste Determined Rituals, Sub-Castes • Regional Differences • Festivals and Consumption • Land of Shortages
  • 3. Indian Production • Cottage, Small-Scale and Family Run Business • A Few Large Scale Industries like Cotton Textile Industries • No Standardised Quality • License Raj • A Few Private Monopoly • State Monopoly • Import Restrictions • Chronic Power Shortage
  • 4. Indian Consumer • Head Strong • Argumentative • Price Conscious • Comparison • Low Brand Loyalty • Fixed Habits • Relationship Marketing • Local Production
  • 5. Indian Marketing • Value for Money • Universal Availability • Miniature Packaging (Sachet) • Less Importance to Customer Service • Less Importance to After Sale Service • Ineffective Segmentation • Online Marketing: II Wave
  • 6. Indian Marketer • Machine Gun Approach for Branding • Sale and Leasing of Brands are frequent • Value for Money Approach • Least Concern for After Sales Service until Polar and V-Guard • Unfair Marketing Practices for Market Domination (Marketing Villains) • Rational Advertisement • Marketing Reluctance
  • 7. Foreign Marketer in India • Arrogant Marketers • Brand Building • Penetrating Advertisements • Text Book Segmentation • Growth by Mergers & Acquisitions • Inciting Family Feud for the Competing Promoter • Spending for Market Domination • Urban Bias for a Long Time
  • 8. Lessons for the Foreign Marketer • Adapt to the needs of the Customer and do not dictate terms or play on his psychology • Rural Areas are the heart of Indian Marketing • Mere dependence on Ads may bankrupt the promoter • Environment Friendly Product are a Failure • Frequent discounts drive away the customers • Value for Money is the best strategy • Conflict of Interest between Corporate Objectives and Customer need is too expensive
  • 9. Emerging Changes • Net Marketing • Chinese Invasion • Quick Launches • Claiming Shelf Space • Increasing Consumer Confusion • Dominant Impulsive Buying • Too Much of Price Differential lead to Post Purchase Dissonance
  • 10. Challenges in Indian Marketing • Class Action Suit provided by Companies Act, 2013 • Getting Regulatory Approvals • Large Format Stores • Increasing Product Failure • Low Quality Ads (perversion) and Ads attracting social reaction • Getting Shelf Space for the Products • Getting Loyal Dealership • Symbolic Surveys & Quicker Data Perishability