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About ITC
ITC was formed on August 24, 1910 under the name Imperial Tobacco Company of India Limited. ITC has a conglomerate business in agribusiness, greeting and gifting products (expressions), stationary products( classmate), lifestyle retailing business ( wills lifestyle), Information technology business ( ITC InfoTech), FMCG, hotels. ITC is Indias largest exporter of Agri - products. ITC is rated among the World's Best Big Companies.
ITC Mission
To enhance the wealth generating capability of the ITC spices in a globalizing environment, delivering superior and sustainable stakeholder value.
Goals of ITC
ITCs goal is to help developing and transition economies to achieve sustainable human development through exports, with an emphasis on competitiveness. export promotion of green products and services through advisory services and market analysis of sectors including organic food; spices and herbs; rubber; jute and coconut fibers; medicinal plants; sustainably produced wood products and artisanal products; and environmental services and technologies; eco-trade information through specialized databases for eco-standards; new process and production requirements; green packaging; ecolabeling; prices of environmentally preferable products; and supply sources for environmentally supportive products, technologies and services.
BCG Matrix
Star
Question Mark
Dog
Agribusiness Cigarettes
Foods
ITC Infotech
PEST Analysis
Technological Comprehensive infrastructure setup, successive of ecommerce and B2C model relies on broadband service, electronic government era.
The country organizes food festival, this is the period when the demand for spices is highest in the country.
52% 22%
SWOT OF 2 COMPETITORS
GLOBALLY
Strengths:
Lies in collecting domestic market information and sharing them transparently with our clients and business networks. Fall in the commodity prices as well as fall in the share of commodity market. Introduction of new technologies Increasing research in the agriculture field
Weakness:
Opportunities:
Threats:
Uncertainty of the monsoons Though competition from foreign countries Threat from natural calamities like floods, droughts
Promotional Strategies:
Trade Promotion Scheme Product and Packaging Development and Bar Coding Brand Promotion: Sending business Samples abroad Printing Promotional Literatures/Brochures Packaging Development and Bar Coding Distribution channel: Wholesale middlemen Import agent Method of payment Terms of sale Pricing: Demand Shipment Cost Exchange rates
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