Escolar Documentos
Profissional Documentos
Cultura Documentos
OF
FUNDAMANTAL OF MARKKTING
SUBMITTED BY:
ALOK KUMAR JHA
ROLL NO.: RQ1906B26
REG. NO.: 10905891
SUBMITTED TO:
Mrs. KULJEET K.MINHAS
SONY:
PRODUCTS OF SONY:
CONTENTS:
1. INTRODUCTION TO COMPANY.
2. PRODUCT OF SSONY.
3. INTRODUCTON TO PRODUCT LIFE CYCLE.
4. STAGES OF PRODUCT LIFE CYCLE AND
CHARACTERISTICS.
5. PARTICULAR ANALYSIS ABOUT PRODUCT LIFE CYCLE.
6. CONCLUSION OF PRODUCT LIFE CYCLE.
7. DISTRIBUTION STRATEGY OF SONY IN INDIA.
8. SUGGEST IMPROVEMENT ABOUT DISTRIBUTION STRATEGY.
9. CONCLUSION.
INTRODUCTION TO SONY:
Our company was established at 1983, based on carrier in development of motor
for audio and video equipment in the passed few decades, and has continued effort
to provide advanced high motor and peripheral technology with hard study to
technology, constantly. During this period, we express to all of our customers and
supporters, our gratitude and deepest appreciations for their continuous business
support.
In this like era, it is our wish to take in advance, customer's needs, gather wisdom
and total effort of our company's staff and respond to all of our customer's
expectations to provide new technology.
Their major products lists are:
Some other interesting points about Sony is that they recently opened a Sony
Archives museum, which requires a reservation to visit and is located at their
headquarters in Japan. Entrance is free and their is no museum guide. They
recommend that you allow for about an hour to view the exhibit.
The four main stages of a product's life cycle and the characteristics are:
Stage Characteristics
1. costs are high
2. slow sales volumes to start
1. Market 3. little or no competition
4. demand has to be created
introduction stage
5. customers have to be prompted to try the product
6. makes no money at this stage
It is claimed that every product has a life period, it is launched, it grows, and at
some point, may die. A fair comment is that at least in the short term not all
products or services die. Jeans may die, but clothes probably will not. Legal
services or medical services may die, but depending on the social and political
climate, probably will not.
Even though its validity is questionable, it can offer a useful 'model' for managers
to keep at the back of their mind. Indeed, if their products are in the introductory or
growth phases, or in that of decline, it perhaps should be at the front of their mind;
for the predominant features of these phases may be those revolving around such
life and death. Between these two extremes, it is salutary for them to have that
vision of mortality in front of them.
However, the most important aspect of product life-cycles is that, even under
normal conditions, to all practical intents and purposes they often do not exist
hence, there needs to be more emphasis on model/reality mappings. In most
markets the majority of the major brands have held their position for at least two
decades. The dominant product life-cycle, that of the brand leaders which almost
monopolize many markets, is therefore one of continuity.
Thus, the life cycle may be useful as a description, but not as a predictor; and
usually should be firmly under the control of the marketer. The important point is
that in many markets the product or brand life cycle is significantly longer than the
planning cycle of the organizations involved.
Thus, it offers little practical value for most marketers. Even if the PLC exists for
them, their plans will be based just upon that piece of the curve where they
currently reside (most probably in the 'mature' stage); and their view of that part of
it will almost certainly be 'linear' (and limited), and will not encompass the whole
range from growth to decline. Product life cycle means how a product run
throughout all of his life. It have four stages which are:
1. introduction stage.
2. growth stage.
3. maturity.
4. decline.
Sony, which was ranked first among consumer electronic brands in the world, was
struggling to become the leading brand in India. It faced tough competition from
Indian rivals like Videocon and Onida, and multinationals like LG, Samsung and
Philips. To emphasize its brand name and image, Sony India introduced ‘lifestyle
concepts’ by launching spacious and aesthetically designed ‘Sony World’ stores. In
these stores, Sony displayed its entire product range in a single showroom and
targeted high-end customers in urban areas. Despite promoting its products through
advertisements which amounted to 4-5% of the company’s annual turnover, it was
only second in market share in its different product segments. Sony introduced four
different retail formats in order to differentiate their products, reinforce their brand
and serve different customer segments. It began retuning its retail format in 2006,
in order to reach the youth and the middle-class. To do so, the stores were launched
under three brand names Sony Digital Kiosks, Sony Walkman and Sony Ericsson. As
youth were more attracted towards small format stores in shopping malls, the
company hoped to find young consumers visiting their showrooms.
The case discusses whether the changes in retail strategy were only enough for
becoming the brand no.1 in India.
Pedagogical Objectives:
Keywords : Akio Morita; Sony Walkman; Sony World; Sony Proshop Sony
Exclusive; Sony Ericsson; Retailing; Samsung; LG; retail kiosks; Competitive
Strategies Case Study; differentiated retailing; Multi-brand outlet; discount stores;
dealer network.
CONCLUSION:
Over all sony product life is good and looks model and price is reasonable
and distribution channel. For the lower middle class customer company will
be provide chef rate products. If company need the target market is big than
company wii be go to lower middle class customer.
Due to good customer segmenting, positioning and targeting company has a
good image in market. If company is follow the suggestion of distribution
the company will be make more profit and they can also increase product
demand in market.