Marketing Management Assignment: Topic: Marketing Plan of Gel-Enabled Cricket Pads Produced by Sansperills Greenlands
Marketing Management Assignment: Topic: Marketing Plan of Gel-Enabled Cricket Pads Produced by Sansperills Greenlands
MANAGEMENT
ASSIGNMENT
Topic: Marketing plan of gel-enabled cricket pads produced by Sansperills
Greenlands
SUBMITTED BY,
Amal George Jose (p19168)
PGDM B
SANSPERILLS GREENLANDS
EXECUTIVE SUMMARY
Generally, most of the cricket pads manufactured by sporting brands all around
the globe is made with a mixture of rubber and leather. These pads are very
heavy and thus it causes difficulty for the batsman to run and also if the batsman
falls down, he can get injured seriously. The product that we intend to bring in
the market is gell-enabled cricket pads which are scientifically manufactured
and is very lighter than other pads and thus it is a pure batsman friendly pads as
it enables the batsman to run quickly between the wickets with ease and also
avoids injury. Our plan is to make the product and the benefits of the product to
be known all over the world and we foresee this product to go to greater heights
in coming years.
CUSTOMERS
The target audience for SG are professional and amateur cricketers ranging
from 5 years to 40 years. We prefer to have all domestic circuit cricket players
and thus we can market our product productively in the Indian market thereby
expanding our production to other parts of the globe
SG has been exporting bats manufactured in Meerut to the UK and Australia for
most of the international cricket brands. The company has been the market
leader in India with legends like Sunil Gavaskar, Mohammad Azharuddin and
Rahul Dravid endorsing the brand. In 2008, Virender Sehwag became an SG
brand ambassador. Since 1994, all Test Matches played in India have been
played with SG balls. SG Test balls are handmade and at Rs 1149 each are said
to be 20% of the price of Kookaburra balls.
The pads that we offer is of premium quality and protects the batsman from
injury. It has the following features
VISION
Sansperills Greenlands provides one of the best quality Cricket equipment for
all ages and sizes. We focus on the safety and reliability of our products to
protect and have the most comfortable fittings for uninterrupted fun in your
game time. Our equipment is tested for reliability and durability in all weather
condition. Equipment from SG is all in export quality and doesn’t compromise
on the safety of our customer who is wearing our equipment while having fun
playing.
MISSION STATEMENT
“To provide the best quality Cricket equipment for the ones who loves
playing it and protecting them from the possible harm through no compromise
in safety features and reliability of all the equipment.”
GOALS
CORE COMPETENCIES
SITUATION ANALYSIS
The product that we introduce in the market can make a revolution in the cricket
gear manufacturing industry. This can open up eyes of many others as these
pads are of higher quality and is available at a reasonable price. The main threat
that the product faces is the competition created by other brands. The consumers
might also be in a dilemma whether to purchase the product as it is an
innovation made to an existing product. By conducting demonstrations and
proper advertising techniques we will be able to get rid of this problem. We are
also planning to make famous cricketers as brand ambassadors so that we can
have a wider reach for our product. The weakness of the product that we see is
that, since all the players around the globe are familiarized with the ordinary
batting pads, A huge effort should be made from our part to change their buying
behavior. The entrance many new cricketing brands is also a threat as it will
lead to options and also it can affect the pricing strategy of our products. The
opportunity that we sees is that, since this product is not yet launched by other
brands, it is an advantage for us over others in such a way that if marketed
properly we will be able to build a good image among the consumers.
Market product focus describes the marketing and product objectives for
Sansperills Greenlands. It includes a description of our target markets, product
positioning and differentiation strategies.
The following are the market objectives that Sansperills Greenlands hopes to
achieve through its gell-enabled cricket pads:
1) Non-financial goals
Encourage teenagers to take up cricket as a career.
Providing support to the cricketers from financially backward class of the
society.
To convey the importance and benefits of sports.
Sell a minimum of 10000 units in the market.
Attain a 10 percent market share in the sports manufacturing industry.
Expand the production units to all parts of the world.
2) Financial Goals
Generate atleast $1 Million profit in the first year and increase the profit
margin in the coming years
Increase revenue growth by 5% in the subsequent years
Our specific market strategy will be that of “market development.” The sports
manufacturing industry is crowded with many different manufacturers all
striving to make their products successful. The company is determined to
continue our growth in the market place and believe that our development and
distribution in the country will provide us with the potential to substantially
increase our earnings.
The following figures shows the path at which the company is growing in the
coming years and the position of our company in the sports manufacturing
market.
MARKET ATTRACTIVENESS
BUSINESS STRENGTH
TARGETING STARTEGY
SG’s target market falls within the 15 to a 40 year-old age group who are
cricketers or are passionate about cricket and this segment is considered as the
strongest consumer market. Our company is focused on targeting and
strengthening its brand with the next generation of cricketers in the 14- to 19-
year-old age group. We believes this target group is the most influential
consumer group in the world. Our company offers different cricket Pads with
gell for different age groups. They mainly target on amateur cricketers who one
day will become professionals and thus they can increase their brand value. GS
targets mostly all of the cricket players in the Indian domestic circuit regardless
of their age.
POSITIONING STRATEGY
Positioned itself as one of the best cricket gear producers in the world.
One factor which differs our brand from other brands is that it has products
of different quality and size.
Competitive point of SG is that it almost targets and all the domestic Indian
cricketers.
Positioning statement of SG is “GO BIG OR GO HOME”. Many of the
Indian amateur level cricketers are attracted towards SG because of the
quality of their products.
Almost all of the SG Gears are named in relation with the names of famous
cricketers.
Gell-enabled cricket pads attracts all the cricketers as it will help them tackle
injuries that may arise while batting
Our product is positioned as one of the best innovative sports product
produced to this date
PRODUCT DIFFERENTIATION
MARKETING PROGRAM
The marketing program will describe how SG plans to utilize the four
components of the marketing mix in the gel-enabled cricket pads:
Product strategy
Our product strategy for gel-enabled cricket pads is the product differentiation.
Products manufactured by our competitors are manufactured using the
conventional process and thus it is not innovative. But ours is an innovative idea
of adding gel to the existing cricket pads which provide additional safety for the
batsman. The product is of high quality and is available at reasonable price and
thus it will stimulate consumers to consume the product.
Pricing strategy
In-order to attain the attention for the product, we are trying to offer in a
moderate price. Since the product is not yet launched by any of our competitors,
we would be offering at a range of $80. The main strategy is to penetrate the
market with an innovative product at a reasonable price in a view to attain the
maximum market share. The benefits offered by the product is more than its
cost which in turn makes the consumer interested to purchase the product.
Place strategy
Our customers can purchase our products mainly through two channels. The
first one is through the departmental stores and recognized sports stores all over
the country. There will be offers and discounts at selective days. The other
channel is through our official website were the customer can visit our site and
select the variant they want and can make the payment and purchase the product
and it will be delivered to them at their doorstep. The main strategy is to
concentrate more on cities where the sport is very popular. This enables ease in
selling as there will be high demand for cricket equipments.
Promotional strategy
In order to gain market share for our product, we will have to implement a
strong promotional effort, advertising externally, in store, as well as on our
website. We implement a pull strategy for the gel-enabled pads, directing the
promotional mix at ultimate customers to encourage them to purchase. We are
planning to conduct campaigns during world cup and other tournaments which
enables our product to make the product familiarized to the customers. The
company is also planning to make famous cricketers as brand ambassadors
which in turn add value to the company as their involvement adds the trust
factor to the customers.
Through this market plan, SG is trying to make a huge impact in the cricket gear
manufacturing industry. We believe that this product can make a huge turn
around in the market as our company is the first to introduce this product. Our
corporate and product missions and goals have been projected and methods for
achieving these goals are well defined. To guarantee success, we will need to
re-evaluate our progress towards these goals each quarter to determine if our
marketing mix is working properly and profitably. For this, we will access the
growth in the revenue generation capability and profit making capacity. If it
appears we are not meeting our goals each quarter, we will need to analyze our
marketing plan and make adjustments if we determine that we have set
unreasonable goals. The final authority for implementation and evaluation of
this marketing plan is the Project Marketing Director.