Name: Mahesh Kadlay Roll No: EMBA07/A/08 Sub: Marketing Management
Name: Mahesh Kadlay Roll No: EMBA07/A/08 Sub: Marketing Management
Name: Mahesh Kadlay Roll No: EMBA07/A/08 Sub: Marketing Management
I am a part of the Wire Division of Tata Steel; Mumbai. The Wire Division (WD) is
engaged in the manufacturing of steel wires. The steel and wire business
operates from Borivli and Tarapur.Wire Division is the largest manufacturer of
Steel Wires in India and the 5th largest wire manufacturing unit in the world.
I have made a Brand Plan for our Galvanized Iron (GI) wires used in Grape
farming. This Brand is called Tata Wiron. I have attempted to make this Brand
plan by taking inputs from the Marketing team which was involved in this activity.
(The ppt given in the class did not contain many inputs for making a Brand Plan
hence I have gone about this assignment with inputs from Aakers
‘s book and what I could get from the net.)
Tata Wiron –
• Functional benefits
- Uniform & Superior Quality
- Longevity
- Ductile- easily pliable
• Emotional benefits
- Enduring peace of mind of having bought a genuine product
• Self-expressive benefits
- Of having thought of life cycle costs & confidence that mandap will not
collapse
Brand Positioning:
Based on these inputs I will attempt to make a Brand Plan with the inputs
available to me thru’ Aaker’s book and the Net:
- In line with the Group target, at least 66% of all products sold by Tata
Steel will be branded products
- All our Brands will be Top Of Mind Awareness names
- All our Brands will enjoy “Most Preferred Brand” status
- All our brands will enjoy a premium price of at least 10% more than the
next highest priced brand
- Tata Steel will be known as a creator and manager of steel related product
brands, rather than as a manufacturer of steel products.
The mid term mission for the brand is to ensure customer enduring peace of
mind and command a premium of at least 10 % over closest competitor.
Market definition
The market will be the grape growing areas of Sangli, Kolhapur & Nasik.The
market size will be the GI wires required for constructing New & Repairing
mandaps used in Grape cultivation.
Situation analysis:
Currently the wires used for grape farming are supplied by Tata, Bedmutha,
Vandana, and Aarti & Raipur Parties. All wires were sold as Tata Wires because
at retail level Identification of wire was lost. Hence spurious wires were sold as
Tata Wires.
Current Market size for GI wires used in Grape Farming is about 900
MT/month .This market is expected to grow @ 11 % per annum based on the
increase in Grape cultivation area in hectares per year.
Tata market share is around 75% in this market with Bedmutha second with 10
% and the remaining 15% is shared by Vandana, Aarti & Raipur parties. The
trend of this share has been very similar over the last 10 years with minor
changes occurring.
The competitors were passing off their product as Tata wire. The end user (grape
farmers) preference is clearly for Tata Wire on account of superior product
attributes such as ductility, strength, uniform zinc coating and longer life of the
Tata GI wire.
Normally in each area for eg Sangli & Kolhapur we have 1 Distributor, 1 in Nasik,
1 in Mumbai etc. each distributor services around 300-400 retailers in his
territory. Retailers are normally small shops that sell wires or village hardware
shops.
Distributor level – 10 %
Retailer level- 20-35%
Scenario 1 (Optimistic):
Scenario 2 (Pessimistic)
Competitors especially Bedmutha launches a brand & goes for exclusive channel
or direct supply to end user.
Competitors improve product quality & service and become comparable with our
product.
Tata Market share drops to 60-70%
Premiums drop to 0-5%
The brand objective is to give customer enduring peace of mind for having
purchased a genuine Tata product. Also capture the Value in the chain through
commanding a Premium over competition.
Added objective is to create a major place in customer mind space and then
extend the brand to other wires from the Tata fold.
An illustration of how my Brand Plan would appear has been presented below:
This has been my attempt to make a Brand Plan with the inputs available to me.
Produced below are some visuals which exist and are being used for Tata Wiron.
These have been produced below so that what has been described above may
be understood better.