MBA BA Project
MBA BA Project
Pdfcoffee
A Project Report
Of
Business Analytics
on
Launching a New Product
2018-2020
DECLARATION
We indicate that this proposed activity is done entirely by us and to the most
immeasurable of our understanding; no such attempt has been presented by any other
person for the honor of post-graduation degree or diploma.
We also certify that all the learning collected from numerous secondary origins has
been justly recognized in this project report.
ACKNOWLEDGEMENT
Our accounts are diverse and we identify them with much repletion and enjoyment.
This project Report was undertaken for the attainment of MBA Program persevering
at School of Management Studies, Punjabi University, Patiala. I would like to
thanks our institute which has conferred us the moment for doing this project
performance.
We are remarkably great full to Dr. Sahil Raj, Assistant Professor, School of
Management Studies, for his priceless cooperation and leadership throughout my
practice. He merciful evinced ardent concern in accomplishment and supplied some
serviceable remarks, which could supplement the product mainly.
It is quite painful to recognize all the names and variety of cooperation and
reassurance provided by them. I would never neglect the nourishment and support
prolonged directly or indirectly to us by all.
Shristy Markan
Rinkle
TABLES OF CONTENTS
Executive Summary 5
Products 11-17
Marketing Strategies 43
Distribution Strategy 44
Customer Analysis 45
Promotional Strategy 46
Promotion Platforms 48
Buying Decision 49
Conclusion 68
50 Survey Attachments -
Bibliography -
EXECUTIVE SUMMARY
Johnson & Johnson is headquartered in New Brunswick, New Jersey, the customer
segment being established in Skillman, New Jersey. The enterprise involves some
250 subsidiary associations with performances in 60 nations and commodities sold
in over 175 nations. Johnson & Johnson had comprehensive selling of $70.1 billion
during the schedule year 2015. Johnson & Johnson's trademarks involve diverse
home signs of medicines and first aid accumulations. Among its well-known buyer
produce are the Band-Aid Brand range of dressings, Tylenol medicines, Johnson's
Baby commodities, Neutrogena skin and beauty goods, Clean & Clear facial liquid
and Acuvue contacts.
Johnson & Johnson conducts over 250 businesses in what is termed "the Johnson &
Johnson family of corporations". The firm engages in three comprehensive sections;
Consumer Healthcare, Medical Devices, and Pharmaceuticals.
The study will encourage us to experience the operations of the Johnson &
Johnson Company. We will determine the product mix of Johnson's baby
domain. This will be educated about the schemes correlated with the launch
of a new product. We will encounter the distinguished duty of every unit in
the process.
DATA COLLECTION
PRIMARY DATA
It is the first-hand data, current data accumulated to further determine the
predicament at hand. Data is obtained individually for precise work through
analysis. The survey was developed to assemble knowledge of the firm.
SECONDARY DATA
It is the second-hand data raised by someone else with is inferred through the
internet, magazines, reports, business records, etc.
DATA COLLECTION:
The data acquisition system used was none other than the questionnaire
process which is usually consolidated for the gathering of crude information.
The questionnaire process is worthwhile because it serves to collect numerous
abundance of knowledge about a specific respondent.
SURVEY:
The type of questionnaire engaged was that of sample type keeping in thought
the time restraint and equipment, besides the viability of statistics
examination. The sample questionnaire thus being taken to the precise route
to arrive at the coveted address was deliberately designed to transform the
process by using decided individuals.
STATISTICAL TOOL:
SAMPLING:
With the consumer being anonymous and given the time and resource
captivity arbitrary sample was gathered from diverse characters.
After the data was assembled, it was recorded and judgments of the scheme
were conferred accompanied by examination and diagnosis to arrive reliable
outcomes.
COMPANY PROFILE
At Johnson & Johnson, we consider good health is the foundation of lively spirits,
flourishing societies, and foremost development. That’s why for more than 130
years, we have proposed to keep people well at every age and every stage of life.
Now, as the world’s most comprehensive and most broadly-based healthcare
company, we are devoted to using our reach and extension for welfare. We attempt
to develop access and affordability, produce healthier inhabitants, and put a healthy
mind, body, and environment within the ability of everyone, everywhere.
Every day, our more than 130,000 employees across the world are compounding
heart, science, and imagination to thoroughly improve the trajectory of health for
humankind.
PRODUCTS
CONSUMER PRODUCTS:
Medical Devices
At Johnson & Johnson Medical Devices Companies, we
are using our breadth, scale, and experience to reimaging
the process healthcare is presented and encourage people
to live longer healthier lives.
In entirely switching circumstances, we are building
relationships across science and technology to connect our
own expertise in surgery, orthopedics, vision and
interventional solutions with the influential impressions
of others to invent and present physician and patient-
centric products and solutions.
Orthopedics
Surgery
Interventional Solutions
Vision
Pharmaceutical Products
CONSUMER PRODUCT
As part of one of the most extended and most distinct healthcare companies in the
world, our baby and beauty brands leverage the company’s world-class analysis
instruments and scientific intrepidity to present consumers across the earth with
innovative skin, sun, and hair care solutions. Our portfolio of baby brands includes
JOHNSON’S baby, which has been committed by moms and hospitals for over 115
years.
JOHNSON’S BABY
BEAUTY PRODUCTS
AVEENO
JOHNSON’S ADULT
NEUTROGENA
WOUND CARE
BAND – AID
MORTIN
BENADRYL
LISTERINE
JOHNSON’S BABY
BABY WIPES
For approximately 125 years Johnson’s mission has been to produce the most
sensitive baby products in the world. Produce so delicate, they can be used for
every age and stage of a baby’s life. That’s our model of sensitive. But
sensitive isn’t only in our bottles, it is also in our heart.
Of being gentle with our children, and with their dreams and purposes.
Gentle with each other
.Gentle with the earth.
Gentle with our words and thoughts and actions.
Gentle means secure.
Gentle means pure.
Gentle means confident.
Gentle means happy.
Ever since the baby is born, she has entrusted the johnson's gentle care. Therefore,
she will be captivated to discover the feeding bottle from her most patronized brand.
After discussing with plural mothers, we came to the completion that it would be
propitious for the company and the moms to propose a uniquely new product of
feeding bottle in our product mix. Moms will welcome relief and a pleasure to
acknowledge that the new feeding practice of a child is as gentle as it were
previously.
It will encourage her transition to the bottle-feeding natural, smooth and with a sense
of satisfaction. As she understands that her baby is not only her baby, It is Johnson's
baby. And, Johnson's baby is guarded, cared and gentle. Her baby feels safe to her
as she trusts, It is Johnson's baby and its health, care & protection is its reliability.
We have formed the idea that we will develop the feeding bottle as our new product.
Now, the subsequent move will be to serve all the requisite methods wanted for
product development. We will take the support of the product development team to
produce the product, to produce the prototype, test the product before actual
commercialization. Our obligation now is to do a business analysis of the new
product to be originated to conjecture the provision of the product in the market.
BUSINESS ANALYSIS
The idea that outlasts the first step demands a more refined and comprehensive
review. It will support you discover the expenses connected in your recommended
it and anticipate the gains you may make from the product in forthcoming financial
years. The expenses of developing a product are substantial.
Your analysis will also encourage you to drop unsuitable ideas and bypass needless
charges.
Carry out the succeeding levels to evaluate the viability of your current product.
Analyze your market and opponent research and your feedback from consumers to
conclude the selling price of your product and the gain you are expected to make.
Now, we will establish the price of our product in comparison to the price imposed
by fellow companies for the corresponding product. We will later modify price
according to the expense provoked to compose the product.
We will investigate the price of the feeding bottle charged by notable brands from
the online portals. It will assist us to determine the average cost of a feeding bottle
in the market.
CHICCO WELLBEING
COMOTOMO
Now, we will connect the price of all the top brands of the feeding bottle. Based on
the measurement, we will establish the price for our product to develop a budget-
conscious product for every mother and baby. We cannot retain the price of the
product too high as we aspire to touch every mother and baby. We desire every baby
to be Johnson's baby.To assure that we have to retain the price of the product to be
affordable by every family.
150ml 300Rs
200ml 350Rs
240ml 400Rs
Consequently, we will introduce the product price under the resulting range based
on the research of the price accredited by numerous contestant brands.
150ml 300Rs
200ml 350Rs
250ml 400Rs
Pricing is the constituent with which the product is placed in the market for sales.
Every product has a distinct price connected with it based on the varying sizes in
which the product is prepared and also based on the diverse alternatives in which the
product is available. Johnson's baby Feeding bottles are rated at an amount ranging
from Rs 300 to Rs 400 based on the sizing of the product in this case from 150ml to
250ml.
Apart from selling baby feeding bottle as an individual product Johnson also has
this strategy of selling this distinct product along with a diverse no. of gift packs or
combo packs along with assorted other Johnson's products like baby shampoo, ear
buds, hair oil, etc,. partaking the package. The products in these cases are priced
slightly on the lower side.
The sizing of the product is based on the customer who is buying the product if one
is new customer apparently smaller size is bought at the shop and once it forms a
secure connection with the consumer, apparently large size of the bottle is bought.
Hence, near the hospitals Johnson's baby bottle can be available in smaller sizes and
in higher-end retail chains like Mom and me, etc., it can be available in larger sizes
where most of the customers would buy for their monthly necessities in the postnatal
maternity period.
Reconsider your market research and the sales administration of existing products in
your range. Use your novel sales figures and industry sales figures to support you
distinguish the prevailing level of market movement and interest in products in the
same line as your new product.
constituent of mothers from the existing product line. More Sales ensure influential
customer foundation for the company.
We have interpreted the market share, sales trends and net income of Johnson's baby
products in the current time period. We have influenced the consequence that the
company's brand integrity has been growing for the preceding plural years based on
the data furnished by Statista. Promptly, we will advance to the consequent runs
towards a new product launch.
Now, we will explain the functions of the principal departments in the product
development process.
Operations Management
Finance
Human Resource
OPERATION MANAGEMENT
We will decide our plant location under operations management. We will deliver the
products in any one of the present plants of Johnson's baby. We will consider if we
can include the production of the new product in the current plants by intensifying
the area. In incompetent to do so, we will choose nearby locations of the extant plants
for our new plant. The company has assorted plants at multiple locations around the
globe. We will administer the study to assure the availability of the place based on
the desired constituents of the plant location.
We will form a Project Management Team from the present board of directors of the
company. The Team will decide numerous assignments for the operation.
We will hire managers of all the corresponding departments. The managers, in turn,
will consider the number of staff they will expect to work along with them to
accomplish the desired purpose.
FINANCE DEPARTMENT
It will encourage us to produce a budget allocation for every operation. It will present
a comprehensive analysis of the expenditure incurred by the firm to deliver the
product and how much amount should be allotted to distinct divisions of the
operation. It will produce multiple financial policies concerning investment as well.
The company uses emotional and mental connection promoting trust and producing
feelings to influence its customers to buy their products. J&J the brand’s success in
India is due to its explicit locus on mothers. It concentrates on authenticity in the
market where that is a reward when it comes to baby products. Johnson’s baby brand
offers the assurance of the verified and quality product.
Johnson’s baby care product targets young parents and positions itself as a safe,
mild and gentle product for babies.
Johnson’s Clean and Clear brand is a global skincare brand committed to teen
girls and serves that beauty comes from being happy in their own skin.
Johnson has segmented the market for adult and has produced a range of
beauty products which positions itself to be absolute for all skin types.
customers who take specialist guidance when it comes to skincare are being
targeted.
Band-Aid which comes under health and healing product has positioned itself as a
staple in a family’s first aid kit as a source of care, comfort, and protection.
DISTRIBUTION STRATEGY
Employing more than 120,500 employees J&J sells products in more than 175
countries. Since it is one of the most significant consumer-oriented companies, J&J
School Of Management Studies Page 46
As the produce is linked to childcare and wellness is broadly circulated not only in
pharmaceutical stores but also in several of the whimsy and grocery stores near
children care hospitals. Apart from these, It can be available in all medical stores
and pharmacies in all dispensaries including the Government hospitals for
manageable availability of the product to consumers.
CUSTOMER ANALYSIS
Customers of Johnson’s baby care products are almost all the parents with medium
income and also the pension earning grandparents. Clean & Clear operates in the
anti-acne market and has expanded its appearance among the teens.
The Neutrogena targets youths and working professionals both male and female who
commit dermatologist when it comes to skincare.
The customer of Band-Aid is from all segments and people from all age groups and
is a top-of-the-mind product.
PROMOTIONAL STRATEGY
The product is emotionally associated with the consumers as the go-to product for
the wellness of the baby; Johnson's baby powder uses this devotion to its concert by
transferring campaigns that could make the consumers fell their connection with the
family.
Johnson's baby Feeding bottle targeted towards the newborn and the mother has an
enormous scope as a product because of the point of reproduction by humans which
School Of Management Studies Page 48
Customer segment
Almost all section parents who are above the poverty line with respect to the
income
Target group
Mothers of age group (24-32)
New mothers try to take good care for the health of child so the product is
principally targeted to the mothers of the above-mentioned age group.
Positioning
Positioning is nothing but how the product is positioned in the minds of the
purpose group which it aims at. We will connect the mother's concern about
her baby as Johnson's concern. Her baby is safe with us.
PROMOTION PLATFORMS
Johnson's baby products have been promoted in all the mediums available for
promotion in history.
PRINT:
Our new product will be promoted through newspapers, magazines, pamphlets, etc.
TELEVISION
New ad campaign away from the conservative belief, where the father is
feeding the baby and mother is taking care of the home. It will influence the
psychology of Indian parents. Mothers will favor the sipper from this
distinct brand as it will introduce a new mind state for the young couple.
DIGITAL
BUYING DECISION
hygienic product
Produced to overcome most natural feeding concerns: colic, gas, and reflux
Brand name
Emotional attachment
Existence period of the brand name and the product in the market(Since
1957)
SWOT ANALYSIS
One of the most potent names in the environment for Baby products and as a
pharmaceutical company is Johnson and Johnson. Here is the SWOT analysis of
Johnson and Johnson.
STRENGTHS
Johnson & Johnson have an influential appearance within each product divisions.
They have extensive combinations & a high number of brands to choose from which
is encouraging them to obtain considerable shelf space of the stores appearing in
tremendous perceptibility in the market.
Trusted brand:
Johnson & Johnson is a brand trusted by many medical practitioners & parents
around the world. Johnson & Johnson’s heightened center on tailoring the business
to local markets had assisted them in being connected to consumer demand.
Supply chain:
It has far-reaching & hearty distribution system meant for making the products
available to retail outlets, supermarkets & medical stores even in the most isolated
rural areas.
Brand equity:
WEAKNESSES
In baby care the scope for innovation is insufficient. Originally, the company
concentrated on producing new varieties of products which were based on
requirements that were created by the business themselves. However, once those
were consumed the business has been striving to create new alternatives and
innovation in the products is confined to just new fragrances or flavors.
OPPORTUNITIES
With mounting adverse notoriety on the practice of chemicals in baby care products
and their side effects, companies like Johnson & Johnson which have confirmed the
presence in this market should look at expanding into organic products or include
more natural ingredients in their products in order to persevere in the long run.
THREATS
Threats are those constituents in the environment which can be deleterious to the
germination of the business. Some of the threats include:
Competition:
Johnson’s Baby Care Products face a lot of competition from Himalaya Baby Care.
Research design suggests assuming that type procedure of analysis which is most
satisfactory for the analysis and examination of the predicament. For the
investigation and the analysis of the enigma, fitting material has to be decided and
obtained for the study. “A research perspective is the composition of provisions for
acquisition and analysis of data in a practice that intends to connect significance to
the analysis proposal with an economy in the system.” Jahoda, deutish. Cook In
order to know about the effectiveness of Approaching maneuvering Extension of
new product in the Johnson’s baby product mix. It was inevitable to communicate
with the consumers of Johnson’s baby product to perceive their thoughts about the
new product.
Nature of Research:
Type of questions:
The questions in the questionnaire asked consumers, who are parents of a young
baby.
Sampling Size
DATA COLLECTION
YES 40
NO 10
USAGE OF BABY
YES NO
CARE PRODUCTS
20%
80%
80% of the people from the decided sample practice baby care products. However,
20% of them refuse it.
Johnson’s Baby 26
Dove
Himalaya’s Baby Baby
Care Care
24% 14%
Johnson’s Baby
52%
10% of consumers favor Patanjali Shishu Care products. 14% of them supports Dove
Baby brand. Himalaya's baby care products are proposed by 24% of the consumer.
Outlasting 54% confirms Johnson's baby products.
Brand Reputation 22
Prices 13
School Of Management Studies Page 58
Special deals 6
Quality of product 9
BUYING
DECISION
FACTORS Quality of
product
18%
Prices
26%
12% of the consumers buy a product based on the special deals sponsored to them.
18% of the people make a buying decision based on the quality of the product. 26%
of consumers are price-conscious. Preponderance 44% of the consumers decides a
product based on its brand equity.
GENERAL STORE 11
MEDICAL STORE 6
SUPER MARKETS 19
ONLINE PORTALS 14
PURCHASE MEDIUM
GENERAL
ONLINE
STORE
PORTALS
22%
28%
MEDICAL STORE
12%
SUPER MARKETS
38%
SATISFIED 38
NEUTRAL 7
DISSATIFIED 5
SATISFACTION LEVEL
DISSATISFIED
10%
NEUTRAL
14%
SATISFIED
76%
76% of the consumers are delighted by Johnson’s baby products. However, 14% are
indifferent towards the occurrence with it. 10% of the consumers perceived
oppression towards the brand.
YES 42
NO 8
NO
16%
YES
84%
84% of consumers promote the launch of a new product. 16% of the people, do not
support the idea.
YES 36
NO 14
NO
28%
YES
72%
72% of the people promote the idea of feeding bottle. On the contrary, 28% of the
people dismiss the proposal.
8 How many brand alternatives are accessible while preferring the feeding
bottle?
Few 41
Many 5
Adequate 4
BRAND ALTERNATIVES
Adequate
8%
Many
10%
Few
82%
8% reflects that they have satisfactory alternatives for brands to adopt a feeding
bottle. 10% assumes there is multiple brands availability. However, 82% rates that
the options of brands for the baby feeding bottle are few.
CHICCO 6
PHILLIPS AVENT 9
PIGEON 13
22
JOHNSON’S BABY
BRAND PREFERENCE
CHICCO
PIGEON 12%
26% PHILLIPS AVENT
18%
JOHNSON'S BABY
44%
12% of the buyers favor the Chicco brand. 18% will necessitate Phillips Avent. 26%
of people support Pigeon products. 44% will utilize Johnson’s baby brand.
10 What is the price range, you are willing to pay for a 120ml feeding bottle?
200-250 RS 29
250-300RS 9
300-350RS
7
350-400RS
5
350-400RS
10%
300-350RS
14%
250-300RS 200-250RS
18% 58%
10% are compliant to pay the price range of 350-400 Rs. 14% weighs the price range
of 300-350Rs as a decent compromise. 18% will purchase the product of 120ml
under 250-300Rs price range. 58% proposes that the relevant price should fall under
the price range of 200-250Rs.
The preponderance of the consumers prefers baby care products for their babies as
they are concerned about its health and hygiene.
People believe Johnson’s baby brand the most among all the accepted brands. As
Johnson’s baby is the most magnificent brand in continuation and it is techno
scientific in baby care
Brand Reliability is the primitive reflection for the wide segment of the community
while deciding the baby care products.
There are versatile stages for the consumers to buy baby care products, such as
Medical Store, General Store, Online portals. Nevertheless, they hold it suitable to
buy baby care products from supermarkets. It is worthwhile due to the constituent
that they are competent to interpret the varied brand prospects.
Consumers are filled with Johnson’s baby products. They have become faithful
customers. They make a constant purchase of the products and promote to others as
well. The products are mild, gentle & sensitive for every baby.
Countless users promote reform in Johnson’s baby product line. They approve the
installation of the new product.
Consumers are fascinated to notice the thought of Johnson’s baby Feeding Bottle.
Parents support the approach absolutely.
There are an unequal number of brands accessible for the consumers for the feeding
bottle. Consumer embraces the notion of Johnson’s baby feeding bottle. It will
present them extensive alternative brand.
Currently, consumers utilize added brands present in the market. Though presented
with the prospect of Johnson’s baby feeding bottle, it will be their approved
assortment.
Johnson’s baby purpose is to care for every child. The company aspires to enter a
more substantial segment of society. The preponderance of the consumers of the
brand is beyond the poverty line. The products are cost-effective and can be
attainable by one and all. Accordingly, Consumers reflect that the common feeding
bottle brands accredit the price range of 250-300Rs for 120ml and propose the
equivalent for Johnson’s baby product as well.
Yes
No
Brand Reputation
Prices
Special deals
Quality of product
General Store
Medical Store
Super Market
Online
Satisfied
Neutral
Dissatisfied
Yes
No
Yes
No
8 How many brand alternatives are accessible while preferring the feeding
bottle?
Few
Many
Adequate
Chicco
Pigeon
Johnson's baby
Philips Avent
10 What is the price range, you are willing to pay for a 120ml feeding bottle?
200-250
250-350
350-400
400-450
CONCLUSION
From the examination, we have interpreted that every day; countless people
experience the products and privileges of Johnson's baby. It is one of the most
trustable brands and equity that the people are relishing today in India. Ever since,
J&J has brought to the world, new ideas and products that have mutated human
health and well-being.
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